Question 1

Where is Loom at Avenew 888 located?

Accepted Answer

Loom at Avenew 888 is located at Dubai South, one of the emirate's largest and most promising master plans. The project is in close proximity to Expo City Dubai and Al Maktoum International Airport, making it convenient for both living and investing in property in Dubai.

Question 2

What types of properties are available at Loom at Avenew 888?

Accepted Answer

Properties at Loom at Avenew 888 include 1-, 2- and 3-bedroom apartments, as well as 2- and 3-bedroom duplex residences.

Question 3

How much does property at Loom at Avenew 888 cost?

Accepted Answer

Pricing for property at Loom at Avenew 888 starts from 900 000 AED (245 100 $) for a 1-bedroom apartment. The minimum cost of a two-bedroom residence is 1 350 000 AED (367 600 $), and of a three-bedroom one is 2 000 000 AED (544 600 $).

Question 4

When is the handover date of property at Loom at Avenew 888?

Accepted Answer

Construction of Loom at Avenew 888 at Dubai South will be completed in Q2 2028.

Question 5

What are the installment terms for buying an apartment at Loom at Avenew 888?

Accepted Answer

You can buy property at Loom at Avenew 888 on interest-free installment terms from Avenew Development. The down payment is 10%, followed by 40% during construction and the remaining 50% upon handover.

Question 6

Will I obtain a visa if I buy a property at Loom at Avenew 888?

Accepted Answer

Yes, buying this property by Avenew Development entitles you to an UAE resident visa. For investments of 750 000 AED (204 000 $) or more, a 2-year investor visa is available, and for sums exceeding 2 000 000 AED (545 000 $), a 10-year Golden Visa can be obtained.

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