Dubai, NFAPost: Dugasta Properties, a new Dubai-based real estate developer that translates dreams into reality, has launched its brand identity at a gala event at the Grand Hyatt Hotel, Dubai, attended by hundreds of real estate brokers and industry stakeholders.
A number of Bollywood celebrities led by brand ambassadors Sonu Nigam and Elnaaz Norouzi joined Tauseef Khan, Founder and Chairman, Assad Khan, President, and Azaan Khan, CEO of Dugasta Properties, to announce the arrival of the new developer.
Dugasta Properties will build upon the legacy established by its predecessor, City Properties, that has already delivered two projects – Al Haseen Residences – next to Al Maktoum International Airport.
Dugasta Properties belong to a well-established business group that includes City Tower Real Estate that manages more than 7,000 residential units in different parts of Dubai.
Founded and led by Chairman Tauseef Khan, the group has established a legacy of more than three decades, offers all aspects of property management including sales, purchase, re-sale, leasing, maintenance – soft and hard maintenance services.
“Here we are not launching just a name or a logo, but we are launching a concept, a brand that will change the real estate market and bring properties close to the largest market segment – the middle-income families – by offering high-quality affordable homes and making them affordable for them,” Dugasta Properties Founder and Chairman Tauseef Khan.
Dugasta Properties has announced a game-changing scheme for home buyers at Al Haseen Residences that guarantees 8% annual return on investment in the first five years – followed by a buy-back option after the fifth year to sell off the properties back to the developer.
Moreover, the integrated package comes with a service charge waiver for the first five years, that amounts to a healthy net saving. Al Haseen Residences, a mid-rise two-building project located next to Al Maktoum International Airport, offers 217 apartments that have been built and delivered by Dugasta Properties.
Prices of ready-to-move-in apartments start as low as Dhs342,000 ($93,188) for a studio and Dh1,099,000 for a two-bedroom apartment – way below the current market prices – that is going to double in the next few years due to the massive development taking place next to Al Maktoum International Airport close to where Al Haseen Residences are located.
Tauseef Khan brings more than three decades of experience in leasing and selling property across Dubai through his leasing and sales arm, City Tower Real Estate, which manages more than 7,000 apartments and villas in Dubai.
The new scheme, coupled with the lowest possible prices, service charge waiver and attractive location of the future, makes Al Haseen Residences the most sought-after properties and buyers will be able to sell them at double the purchase price, if not triple in the next few years when most airlines start shifting flights to Al Maktoum International Airport that has a design capacity to handle 160 million passenger per annum. The demand for homes in that area will jump manifold, so will the price.
