An investor participates in the financing of the seventh property designated in Dubai 238

238 investors of 41 nationalities participated in financing the seventh coding property, which was presented by the Dubai Land and Property Department, within only 18 minutes of opening the door for investment in the project, which is located in the Dubai Marina Marina area.

The “Dubai Land” announced, the day before yesterday, the launch of the seventh drug, at 12:00 p.m., via the “Berberco Mint” platform.

The seventh property is in an integrated hotel apartment, consisting of one bedroom, located at the “GW Marriott Marina” hotel, with an area of 79 square meters, at a value of 1.9 million dirhams, while the net expected annual rental revenue for the property is about 150 thousand dirhams, with an expected annual growth rate of 2.5%.

It is noteworthy that the real estate coding project launched by the Dubai Land and Property Department, in cooperation with the Dubai VAA, the Emirates Central Bank, and the Dubai Future Foundation, on May 25, achieved exceptional results within a short period.

The Director of the Policy and Real Estate Innovation Department in the Dubai Land Department, Dr. Mahmoud Al -Burai, confirmed in a previous dialogue with «Emirates Today» the sale of six programmed projects that are completely ready real estate in record time with the participation of about 1,400 investors of 50 nationalities. Al -Burai indicated that there are more than 20 thousand people on the waiting list, who have applied to enter classes in the offered real estate coding projects.

He indicated that the minimum investment in real estate coding projects is only 2000 dirhams, while the maximum is determined by 20% of the value of one real estate, to protect investors, ensure a fair distribution of ownership, in addition to ensuring the application of the best standards of global governance.