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ZāZEN Properties reports over 8K sales transactions of AED 25.8bn in October

ZāZEN Properties reports over 8K sales transactions of AED 25.8bn in October
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Dubai – Mubasher: ZāZEN Properties will launch sales for its newest project, ZāZEN Gardens, next week. High demand for off-plan real estate projects spurred 130% growth in Dubai’s preconstruction segment over this year's first half (H1). Furthermore, 8,816 sales transactions worth AED 25.80 billion were recorded in October, the highest value of transactions in a decade.

The LEED-Gold-certified development in Al Furjan is currently under construction and sales are expected to follow a similar trajectory to that of ZāZEN One, the homegrown brand’s flagship project which was completed in January 2022 and sold out in months, according to a recent press release.

Due for handover in April 2024, ZāZEN Gardens comprises 159 units with apartments spanning from 824 to 1,612 square feet, with two retail outlets on the ground floor that cater to the Al Furjan community. Moreover, through its sustainable practices, ZāZEN Gardens is also aligning with some of the country’s key initiatives, including Dubai 2040 Urban Masterplan and UAE Net Zero 2050.

Upon the project’s completion, around 470 metric tonnes of carbon emissions will be reduced annually, which is equivalent to the planting of 12,147 trees. The development will also boast 35,000 square feet of landscaping, multiple recycling stations, EV charging stations, and solar panels on the rooftop.

Madhav Dhar, Co-Founder, and COO of ZāZEN Properties, said: “With ZāZEN Gardens, we are continuing to deliver something unique in a crowded market, that not only takes into account how people live, but also how they grow in their homes. We believe this provides even more added value to investors and end users alike. Off-plan properties have long been smart and effective investments, and this is becoming increasingly apparent in the UAE over recent months.

Dhar added: “The Qatar World Cup and the holiday season, coupled with the ease of getting UAE residency for individuals and families, is expected to drive prices higher in the coming months, and the value that ZāZEN Gardens provides, both from a financial perspective and an environmental one, is unparalleled in the Al Furjan community.