Mar 12 2011 |
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Emaar Middle East's Al Khobar Lakes wins Saudi BuildInfra Awards for 'Best Retail Project' honour at the Building & Infrastructure Summit
Villas in the luxury waterfront development will be handed over in the coming months
Highlights commitment of Emaar Middle East to develop communities of world-class standards
Emaar Middle East , received the award from Sheikh Abdulrahman Ali Al-Jeraisy, Chairman of the Board, Riyadh Chamber of Commerce and Industry at the award ceremony.
Al Khobar Lakes is a picturesque development set amidst serene water bodies, and is the largest of its kind integrated community in the Eastern Province of the Kingdom. The first two residential villages in Al Khobar Lakes - Al Nada and Al Ghadeer - were launched to overwhelming home buyer and investor response. Work on the first phase of homes is nearing completion and will be handed over shortly.
Evaluated by a panel of industry experts the Saudi BuildInfra Awards 2011 recognise the best in class developments in the Kingdom. The Awards highlight the excellence and strategic initiatives in the field of infrastructure creation and development in Saudi Arabia.
Emaar Middle East is also developing Jeddah Gate, a mixed-use project featuring residential units; commercial units; and 75,000 sq m of gross leasable area for retailers, in the Kingdom. The sale of Abraj Al Hilal, a cluster of three high-rise residential towers within Jeddah Gate, gained strong home buyer and investor response.
Another key development of Emaar Middle East in the Kingdom is the Emaar Residences at the Fairmont Makkah, located directly on the Haram Plaza. The serviced residences are offered on a leasehold basis and range in size from 40 sq m for a thoughtfully designed studio to 160 sq m for a comfortable three-bedroom residence.
-Ends-
For more information, please contact:
Yousef Shehadeh/Bashar Kharbat
ASDA'A Burson-Marsteller
Tel: (+966 2) 6575194
y.shehadeh@asdaa.com/b.kharabt@asdaa.com
© Press Release 2011
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