Dubai-based Gulf General Investment Co. PSC (GGICO) has launched sales for its Topaz Premium Residences in Dubai Silicon Oasis as the project reaches 50% completion.

Offering spacious one-bedroom apartments, Topaz Premium Residences is the latest project by GGICO to be located in Dubai Silicon Oasis, along with Axis 1 to 8, Axis Silver, Platinum Residence 1 and 2, Topaz Residences 1, 2 and 3.

Mohammad Harib Fadhel Almazrooei, managing director of GGICO, said: “Topaz Premium Residences is the ideal choice for growing families, the residences are well-designed living spaces that maximises efficiency.”

According Dubai Land Department, the total value of real estate transactions for the first nine months of 2017 reached 204 billion, achieved through 52,170 transactions.

The report also shows a total of 37,633 transactions for land, residential units and buildings, which generated more than AED88bn.

Topaz Premium anticipates good demand for premium apartment with affordable prices in Dubai.