NBC sells 60pc of Dubai Motor City Phase III units

National Bonds Corporation, a leading investment company in the UAE, said its real estate subsidiary, National Properties, has sold 60 per cent of the third phase of Motor City Green Community project coming up in Dubai, within three days of its launch. Green Community Phase III boasts stylish spacious townhouse villas and apartments designed to high global standards. The Casa Flores will feature 137 townhouse villas, with a mix of three- and four-bedrooms, while The Eden Apartments building will house 136 apartments with options of studios, one- and two-bedroom apartments. These villas and apartments in the Phase III of Motor City Green Community project were showcased at a private sales launch event held in Jumeirah Emirates Towers last week. On the record sales, National Bonds CEO Mohammed Qassim Al Ali said: "The turnout was very good at the private launch event of the project and during Cityscape, the 10-year in-house payment plan attracted a lot of attention." "We were the only developer to offer such a unique payment plan for 10 years after handover. This will mean that buyers will pay 27 per cent of the purchase price only because the rest of the set price of the property will be paid by the tenant of the villa," explained Al Ali. Furthermore, the villas are characterized by unique specifications that mimic the modern lifestyle, which gives high value to end users and investors, he noted. According to him, the Casa Flores townhouse villas and Eden Apartments have been designed and constructed to international luxury and quality standards and hence will provide exceptional value in today's market. They have been made all the more attainable and attractive for buyers with the introduction of a unique and award winning in-house rent-to-own finance scheme, he stated. The objective of the payment plan, he said, was to address the needs and attract a new category of buyers that has not been through the experience of investing in real estate before. "The new market reality of the real estate sector requires innovation in providing high quality real estate with a rich lifestyle, competitive prices and value added offering that matches the needs and requirements of end users and investors," remarked Al Ali. Through my experience in this domain I learnt that it is the best way to achieve tangible results, this is why I was not surprised when Eden Apartments which represents 50 per cent of the size of Phase III of Green Community Motor City and of villas from Casa Flores were sold out within hours of its launch,