Lebanon’s Abou Eid Real Estate Development has announced the launch of a new residential project in Dubai, marking its expansion into the UAE real estate market. The Celia Residence project, located in Dubai Studio City, is worth 70-million UAE dirhams ($19 million) and is set to be completed by 2024.
The four-story Celia Residence will contain a total of 111 apartments, consisting of studio, 1BHK, and 2BHK apartments. It offers a unique opportunity for investors looking for high ROI with prices starting from 380K only. This is the first time that such a prime location has offered these types of units at such an affordable price point.
Abou Eid Real Estate Development is a family-owned company that has been in the real estate business for over 35 years. The company has delivered over 2,000 residential units and 15 villa complexes in Lebanon and Turkey. The launch of the Celia Residence project in Dubai is a significant milestone for the company as it expands its reach into the lucrative UAE market.
The Celia Residence project is designed to offer residents a comfortable and luxurious lifestyle. It is equipped with state-of-the-art amenities such as a swimming pool, gym, and children’s play area, among others. The project is also conveniently located in Dubai Studio City, a bustling and vibrant community that offers a host of entertainment, dining, and leisure options for residents.
The company is offering a flexible payment plan of five years, directly from the developer. This makes it easier for investors to own a property in a prime location in Dubai without having to worry about upfront payments.
In conclusion, the launch of the Celia Residence project by Abou Eid Real Estate Development in Dubai is an exciting development for the company and the UAE real estate market. With its proven track record in delivering high-quality residential properties, investors can be assured of the quality and value of this project. The flexible payment plan and the high ROI of up to 10% make it an attractive investment opportunity for both local and international investors.