Following on from the incredibly successful Dubai Shopping Festival promotion and sales at La Residence, Damac Properties have now released the second tower at this flagship Business Bay development to allow investors an opportunity of securing cut price properties, on a half, and full floor basis.

Availability has been limited to the 6th to 10th floors, which have been released at AED 1100 per square foot, saving AED 150 per sq ft on the general release price.

This enables investors to realise an instant profit of AED 715,000,  a saving of 13% on the list price which is applicable when buying a half floor consisting of one 3-bed, 2-bath apartment, one 2-bed, 2-bath apartment and two 1-bed units. This offer has limited availability, and the full price will increase soon on the general release of the second tower.

Prices start at AED 7,250,000 / £727,994 for a 4772 Sq ft half-floor, with stage payments spread throughout construction.

Business Bay is a self contained city vying for position as the commercial and business capital for Dubai and the UAE. The zone will feature office blocks, residential towers, hotels, and leisure and entertainment facilities. The first two towers in the zone are scheduled for completion by 2007, with the remainder expected to be completed by 2010.