Dubai-based real estate developer DAMAC Properties has announced plans to officially launch its new luxury residential project in Dubai’s Business Bay, “Zada,” as of June 29, allowing potential buyers to pay eased monthly installments over five years, Invest-Gate reports.

Overlooking fascinating views of the iconic Dubai Canal, the magnificently designed one-bedroom apartments will be offered at monthly installment starting from AED 6,999 and extending over five years, coming amid growing demand for accessible luxury in the area, DAMAC said in a press release on June 19.

Strategically located within a master-planned spot in Business Bay, Zada boasts world-class amenities such as a swimming pool, a children’s playground, a fitness center, to name a few. “Owing to its location in one of Dubai’s most coveted neighborhoods, residents will also enjoy the best of shopping, dining, and entertainment experiences in their vicinity,” read the statement.

Lauding the newly-introduced development, Senior Vice President of DAMAC Niall McLoughlin highlighted, “We are thrilled to present Zada, DAMAC’s latest offering in the premium living segment. Dubai’s real estate market is evolving fast, and there is a growing demand for accessible luxury homes.”

“Zada offers the perfect combination of great location, life-enhancing amenities, DAMAC’s unmatched quality, and value for money,” McLoughlin noted.

Earlier this year, the developer delivered 727 housing units in Ghalia, its first certified Sharia-compliant development, while preparing to hand over more than 1,500 homes in the few coming months.