Myra Properties, a Dubai-based real estate developer, has launched Crystal Residence, an AED 150 million ($41 million) residential project in Jumeirah Village Circle (JVC), reported Gulf Business.
Crystal Residence, located in District 11 of JVC, is an ultra-luxury residential apartment project, and is set to feature 225 studio, one-, two-, and three-bedroom units, according to Construction Week Online.
Prices for units in Crystal Residences start from AED 382, 000 ($104,012). The project is expected to be completed in April 2018 and is targeting millennials moving into Dubai, said Akash Kanjwani, Deputy Chief Executive Office of Myra Properties, to Gulf Business.
“With such a young population increasingly entering the UAE, there would never be a better time for the real estate industry. These customers are very knowledgeable, have enough buying power and look for well-appointed high-end properties that can help them unwind after a long day at work,” said Kanjwani.
Myra Properties was established in 2013. Crystal Residence is the second project to be launched by Myra Properties after its first project the Botanica, which is also located in JVC.