Fam Properties Reaches Dh 1.3 Billion in City Walk Residential Sales

Our CEO Mr. Firas Al Msaddi announced City Walks' residential sales transactions on August 8th to all news publications in Dubai.

Mr. Al Msaddi believes the number of transactions should be a testament to both developers and investors regarding the value of understanding and capitalizing on the dynamics of supply and demand within Dubai's maturing property market. 

“It shows how important it is that developers study the current type and volume of property supply as well as demand,” he said. “This will allow them to create an exclusive product with unique specifications and features that fashion a new type of living experience, rather than duplicate something already in good supply.

“At the same time, there’s a lesson here for investors about picking developments and properties that deliver new and more attractive lifestyle offerings to attract end-users continuously,” he said.

City Walk's high demand stems from several factors. It is the only freehold project in Jumeirah. City Walk features modern low rise residences with direct access to exclusive retail and entertainment venues. The apartments are adjacent to world renowned fashion brands and restaurants that are available nowhere else in the UAE. The High Street Boulevard is featuring restaurants, cafes and galleries that are some of Dubai's most popular destinations for residents and tourists. City Walk's upcoming special attractions include the Dubai Arena which can hold up to 20,000 people and the Green Planet Bio-dome which has a tropical forest with 3,000 plants and animals.

Mr. Al Msaddi continued: “We were the first real estate company to start promoting City Walk to investors after Meraas launched sales, and we have channelled a great deal of capital investment under our control into the project because of its unique appeal.”

fäm Properties' City Walk team consists of 18 real estate advisors who specialize in property management, rental and sales requirements on site. We seek to break records in City Walk by targeting Dh 1.5 billion in overall sales by the end of Q3 2017.

Interested in purchasing a property in City Walk for end-user or investment? Please visit our website for more details on this project.