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Sweet Homes, a UAE-based developer, has announced that 90 per cent of its AED1.7 billion Rainbow Towers - a residential development comprising nine towers - has been sold, with the first six towers achieving 100 per cent sales prior and shortly after the project's launch.
With 70 per cent of the remaining three towers already sold to investors and following the recent acquisition of a 208,278 square feet plot in Emirates City, Ajman, as the site for the project, the developer is all set to commence the tower's construction, which is expected to be complete by mid 2010.
Designed by award-winning architectural and engineering firm Eng. Adnan Saffarini, easy and comfortable living is the project's aim.
Each of the 31-storey towers will be equipped with high-speed elevators, a state-of-the-art fitness club, jacuzzi and sauna facilities, sports bar, recreation area and a rooftop swimming pool.
Also within the vicinity is an entertainment zone, a 15,274 square feet recreational facility, which will provide a range of activities for tenants.
More notably, the project offers a flexible four-year self-financed payment scheme, which will allow investors to pay up to 50 per cent of the value until the project's completion, 25 per cent upon delivery and the remaining 25 per cent after the handover.
