New development lights-up Dubai property market
To mark the launch of this AED 1.5 billion development, appropriately named ‘Bay Central’ situated at the heart of the Dubai Marina, three beams of light, soaring over one kilometre were being projected into the night sky to symbolise the three towers to be constructed.
The residential property, with serviced apartments and a 55 storey five star hotel holds a prime location and offers purchasers the security of an escrow account, in conjunction with Barclays bank and Emaar. This will allow Bay Central customers to benefit from the knowledge that they will receive full protection of their funds throughout the construction period.
Mark Stott, C.O.O, commented: ‘With a number of developments severely delayed or worst still cancelled, we have pioneered the development of Escrow Accounts in Dubai. Purchasers of Bay Central can take confidence from the fact that their funds will receive full protection throughout the construction period,’
Construction work on the project starts later this month and is due for completion by September 2009.
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