Falconcity woos Indians with luxury apartment project

Leading UAE developer Falconcity of Wonders showcased its newest luxury hotel serviced and furnished apartments project, Saam Vega at this year’s Dubai Property Show held in the Indian city of Mumbai. Subsequent to its participation at this year’s Shanghai and London editions, Falconcity of Wonders, the developer of a multipurpose mega project being built in Dubai, made its presence felt at the event’s Indian edition. Unveiling the project, Falconcity said three pyramid structures will be developed by the company at the heart of Dubai and of this the small and medium pyramid will be under the management of Oakwood hotels international hoteliers. Saam Vega, the small pyramid and Saam Polaris, the medium pyramid, are both a lucrative investment opportunity for the discerning investors who see a high tourist influx due to Expo2020 being just around the corner. The three megastructures will include a total of 4,651 Luxury Hotel Serviced Apartments that will be available for sale to individual buyers with an option to either occupy or rent the unit into a voluntary rental pool that will also be managed by the world-renowned managing partner, Oakwood. It is expected that the majority of investors will acquire the asset with the intention to take part in the dynamic Dubai real estate landscape as it tends to yield a high ROI income. All Pyramids have been designed to a luxury serviced apartment standard which is the highest design standards under DTCM (Department of Tourism and Commerce Marketing). Together the three Pyramids will have a total of 2,185 studio apartments, 1,855 one-, 608 two- and 3 three-bedroom apartments.