Real Estate

Denarau waters sells 149 land lots

Denarau waters have sold a total of one hundred forty-nine land lots within six months. As the residential arm of Avoser’s new Denarau Island development, the waterfront area is located on the previously unsettled, southern side of Denarau. Avoser Director Ananth Reddy emphasised that the success of Denarau Waters has been a  testament to the […]

Salote Qalubau

July 1, 2016 2:21 pm

Denarau waters have sold a total of one hundred forty-nine land lots within six months.

An aerial view of Denarau Island. (Yes Open Marketing Services )

As the residential arm of Avoser’s new Denarau Island development, the waterfront area is located on the previously unsettled, southern side of Denarau.

Avoser Director Ananth Reddy emphasised that the success of Denarau Waters has been a  testament to the vision of developers.

REDDY: “We have had an extremely successful run with all three stages of Denarau Waters, and while they’ve sold out quickly, they wont be the last.Stage 4 of Denarau Waters will be released once we’ve completed construction on the whole development, so the company can realize higher capital gains.”

Denarau Waters’ first stage was launched in 2015 and sold 59 lots within 3 months. This success was closely followed by Stage 2, where 41 lots sold in 1 month and Stage 3, which launched last month and sold 33 lots within four weeks. An additional 16 commercial and apartment lots were sold separately.

Property values at Denarau Waters have also been boosted after a recent valuation by internat

Denarau waters has hit another record by selling out its entire stage two in less than two months.

An artists impression of the upcoming Denarau Island development by Avoser Limited. (Open Marketing)
An artist’s impression of the upcoming Denarau Island development by Avoser Limited. (Avoser Limited)

The highly anticipated waterfront land release is the residential arm of the new Denarau Island development by Avoser Limited. The project is located on the remaining undeveloped southern half of Denarau Island.

In total, 100 blocks have been sold for both stages one and two.

Denarau Island is a mixed-use development that will showcase international resorts, starting with the Holiday Inn Resort, and will include a marina, commercial and industrial precincts, and the exclusive residential precinct of Denarau Waters.

Avoser Director, and Denarau Island developer, Mr. Ananth Reddy said the rapid sales of both residential stages signified the value each block represents for buyers.

REDDY: “We’ve been really surprised with how quickly our project has sold out – I think this shows that we set a fair price.Lots of people missed out on the original Denarau development and now they’ve got a second chance with Denarau Waters.”

The lots measure 1000 square metres and command 20 metres of water frontage.

Along with tight, 24-hour security and privacy within a gated community, the scenic precinct offers investors breezy, resort-style living, with buyers having ample room to build their dream residences or alternatively, getaway retreats.

Civil works are now underway and settlement for purchasers of Denarau Waters is on-track for 2017.

Avoser’s master plan includes a flagship 300-room Holiday Inn Resort by the esteemed InterContinental Hotels Group.

Residential buyers at Denarau Waters include a host of local and overseas investors, including those who missed out on Denarau’s previous developments.

Presently, expressions of interest are being sought from commercial partners for Denarau Island’s retail and marina precincts.

The developer will also soon release commercial lots for sale

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