Dubai’s real estate market witnessed a remarkable milestone as Century Tower, a residential development in Business Bay, experienced an overwhelming response from investors on its opening day.
The 190 apartments in the 23-floor tower were sold out within the first day of launch, highlighting the strong confidence buyers have in Al Shafar National Contracting, the developer behind the project.
Century Tower marks Al Shafar’s entry into the off-plan property development sector, and the rapid sell-out success is a testament to the company’s trusted reputation for quality construction and timely delivery.
Firas Al Msaddi, CEO of fäm Properties, the master agency for the project, attributed the remarkable sales to Al Shafar’s reliability and the growing demand for durable and long-lasting buildings in Dubai.
“Many who purchased units in Century Tower have already inquired about their future projects,” Al Msaddi stated, underscoring the importance of a developer’s reputation in alleviating concerns about off-plan investments and reinforcing buyer confidence.
The swift sell-out reflects a shift in Dubai’s property market towards reliable and resilient buildings capable of withstanding the city’s demanding climate.
Recent incidents, such as flooding, have further emphasized the need for developments built to endure challenging conditions and offer long-term value.
Century Tower was designed to meet the demand for meticulously crafted residences in Business Bay’s Golden Triangle location, a prime area in the heart of Dubai.
fäm Properties is already looking forward to the next Al Shafar project launch scheduled for October, anticipating continued strong interest from buyers.
“The rapid Century Tower sell-out showcases the strength of Dubai’s real estate market and the importance of trusted developers and thorough planning,” Al Msaddi added. “As demand surges, projects like this ensure a vibrant and attractive market for end-users and investors.”
0 Comments