Sunday, Dec 11, 2011
DUBAI(Zawya Dow Jones)--Saudi-based Emaar Middle East, said Sunday it has launched the second phase of its Jeddah Gate master-planned community with the first homes in its three Abraj Al Hilal 2 Towers to be handed over shortly.
"The response to the first Abraj Al Hilal Towers has been strong, and the first residents will move in shortly. We remain committed to developing modern homes and offering luxury residential choices for our customers in the Kingdom," said Ahmad Al Kulli, General Manager of Emaar Middle East.
Emaar Middle East is a privately held company in Saudi Arabia in which Dubai-based developer, Emaar Properties (EMAAR.DFM), holds 61% share and Al Oula Real Estate Development holds the remaining 39%.
Emaar Properties shares are trading +1.8% at AED2.82 Sunday.
-By Tahani Karrar-Lewsley, Dow Jones Newswires; +9714 446-1692; Tahani.Karrar@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
11-12-11 0723GMT
