Dubai Sports City Sees Occupancy Rate Of 80% In Finished Projects

Silver Heights, sales agent for Olympic Park, says the locality is attracting employees working in TECOM and JAFZA

Silver Heights, the sales arm of Orion Holding, the leading real estate developer in the UAE, has launched an attractive programme for buyers in Olympic Park, a real-estate project it is marketing in Dubai Sports City.

The program offers buyers to move into apartments by just paying 38% of the price, and pay the balance in installments spread over 3 years, according to Mr. Samir Munshi, Managing Director of Silver Heights.

Munshi says that factors like affordability, thin traffic, highway location, modern amenities and global sport academies have made Dubai Sports City a favourite destination for people working in TECOM and Jebel Ali Free Zone areas.

He added: “Less than a decade ago employees working in Jebel Ali area had a tough time finding an apartment in the vicinity. The only option was The Gardens which had a long waiting list. Today, so many projects have come up, and of these Dubai Sports City is one of best from every angle.”

Munshi said that easy connectivity between Dubai Sports City and TECOM and Jebel Ali areas, supported by low-cost rentals and ownership options have made Dubai Sports City a preferred destination for employees whose salaries range between AED 5000 and AED 45,000.

“It takes me hardly 15 minutes to reach my office,” said Bilal Suri, an employee of a technology firm at Jebel Ali Free Zone.

Spread over 50 million square feet within the Dubai Land Development, Dubai Sports City is hub of Dubai’s sport activities. It has a world class 25,000-seat Cricket Stadium – also called The Ring of Fire, 60,000-seat multi-purpose outdoor stadium for rugby, soccer and track and field events, a 10,000-seat multi-purpose indoor arena for hard court games, ice hockey, concerts and other events, and a field hockey stadium for 5,000 spectators. Global Village, the center of Dubai Shopping Festival, is just 10 minutes from it.

Munshi added: “Apart from its sporting attractions, the area has world-class residential projects, community centers, banks, restaurants and international schools. Many residential projects in the area have seen a rapid increase in demand due to its strategic location.”

Completed projects in Dubai Sports City have seen occupancy rate of over 80%, according to Silver Heights which is managing Olympic Park cluster, a major project in the city.

Munshi said: “Olympic Park is a set of low-rise buildings that sit at the heart of Dubai Sports City, ideally located overlooking the beautiful green expanse of the Ernie Els Championship Golf Course, The Dunes. Olympic Park residents will have access to excellent private amenities, including a rooftop pool, terrace and fully-equipped modern gymnasium.”

Dubai Sports City is not only home to a raft of exciting sporting attractions from football, cricket, tennis, hockey and golf, it also boasts the Academies Campus, which hosts world class academies and facilities.

Emirate:  Dubai

Date: Feb 12, 2013

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