Dh120m Vita Grande by Meteora Developers sells out in days

Dh120m Vita Grande by Meteora Developers sells out in days

Dubai-based Meteora Developers has seen a total sell-out of their latest project Vita Grande – worth Dh120m – within just two days of its launch earlier this month. Earlier this year, their first two projects also sold out immediately after launch, reflecting Dubai’s growing demand for affordable luxury housing.

Praveen Sharma, CEO, and co-founder of Meteora Developers, said: “Dubai is currently seeing a huge surge in demand for off-plan properties that accounts for biggest share of the overall real estate pie in the country. And the main attraction for the majority of young, upwardly mobile investors is the low cost of entry and appealing payment plans. It is one reason why we have seen all our projects sell out within days of their launch this year.”

Meteora Developers launched Vita Grande in the second week of December, post the success of their first two projects, The East Crest and 7 Park Central, both of which were sold out within days of their unveiling earlier in the year.

The two identical towers - worth over a combined Dh204 million and rising 19 floors above District 17 of Jumeirah Village Circle (JVC) – were launched one after the other in Q2 this