Chairman of Kleindienst says that 1000 out of 4000 units have been snapped up at cluster of six islands off the Dubai coast.
About a quarter of luxury properties available of Heart of Europe, a cluster of six islands off the Dubai coast, have been sold so far, it has been reported.
The project which is inspired by European destinations like Germany, Venice, Sweden, Switzerland and St Petersburg is value at $5 billion.
The developer also announced in the same month that it will launch its first hotel in the next 100 days. It will be located on Main Europe island and the Portofino Hotel is the first five star, family only hotel in the region.
The hotel will have a fully serviced private marina and the whole front of house team will be Italian while the time zone and currency will be European, with visitors able to pay in Euros.
Source: Arabian Business