Monday, November 26, 2007

Axis Residences, Dubai -launched with attractive payment plan,the region’s global property and lifestyle brand offering comprehensive marketing solutions for property developers, investors and retailers, has announced the launch of the Dh295 million plus 'Axis Residences' at the Dubai Silicon Oasis by developer Gulf General Investment Company (GGICO). Due for completion in the fourth quarter 2008, the team behind the development and building of Axis Residence, Gulf General Investment Company (GGICO) has proven track record with highly successful master developments including Horizon Towers and Emirates Crown in Dubai Marina and Olympic Park in Dubai Sports City.

“GGICO is a 34 year old company and is a widely diversified group with 25 subsidiaries andaffiliates and as a company we choose our partners very carefully to ensure that overall vision is complementary to our own. had the perfect balance between sales prowess and marketing savvy which we felt offered a perfect solution to enable us to realize one of our goals of establishinganother successful development,” commented Mohamed Abdallah Juma Al Sari, Managing Director of GGICO. Totaling 286,827 square metres of floorspace and comprising of seven floors of apartments and basement parking, 'Axis Residence' provides tenants with modern and flexible interiors with spacious balconies and terraces that open onto landscaped courtyards and expansive greens.

In addition to and enhancing the intrinsic aspects of the development, will be offering a tailor-made payment plan which will consist of an initial booking deposit of 10% of the value of the unit with the first Installment, again 10% of the value payable within 6 months of booking installment. On handover, the parking bay and some balance payments will need to be met with a post handover plan of 72 monthly payments of Dh9,999. “With the residential property landscape becoming more competitive every day, it was important to design a payment plan for GGICO that would act as an incentive for investors while at the same time being attractive to those looking for a residential complex to move in to,” commented Peter Penhall, Chief Executive Officer of

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