Dubai, Aug. 13th, 2008 (WAM)--The widely anticipated launch of Chapal Flora Residences by Chapal World will give homeowners a rare opportunity to enjoy a luxurious villa lifestyle surrounded by cool ambience and verdant greenery, all at an affordable price.

This community development will have about 1,500 villas spread out over a vast built up area of 4.2 million sq. ft. of land and involves a massive investment of about AED 4 billion. Chapal will be displaying its commitment to the environment in this project by adhering to a green codes using environmental friendly construction techniques and material.

The project is ideally located just off Emirates Road and behind Emirates Lake Towers, the 10 billion dirham master development by Chapal on Emirates Road. This gives the residents in Chapal Flora Residences the priceless advantage of easy access to the three key international airports, the free zones, and the emirates chief cities of Dubai, Ajman, Sharjah and Ras Al Khaimah. What makes it even better is that they can close to the heart of the cities without the disadvantage of staying in the crowded environments of the inner cities with its pollution and gridlocked traffic.

Jawad Chapal, Executive Director for Chapal revealed the thinking behind this new development by explaining, "We created Chapal Flora Residences to bring back the warm spirit of belonging to a community that has all but vanished in the fast paced modern world with its anonymous, high rise lifestyles." This philosophy is clearly evident in the development which will have almost half its space reserved for community areas including scenic public park, mosque, gardens, play areas, tennis courts, swimming pools, health clubs, shopping centres, and other facilities that cater to the residents needs. This community environment will result in an enhanced quality of family and social life, and make Chapal Flora Residences one of the most desirable residential locations in the country.

Chapal as usual has spared no effort in maintaining the world class standards of its projects. The development has been designed by internationally renowned architect, Adnan Saffarini. Their reputation for elegant elevations and meticulous attention to detail will ensure these modern style villas are perfect in every way.

The villas have been designed to create a feeling of spaciousness inside to complement the wide open spaces outside, with particular attention being given to good finishing and high standards of quality in workmanship as well as the fittings used.

The current booming market scenarios have been entirely created and constantly nurtured by the visionary policies of the UAE governments. Their strong support and encouragement has given an established master developer like Chapal World the confidence to unleash their vision and present projects of magnitude previously unseen, including one that will be the largest development in Ajman. Chapal has also put into motion detailed plans for its portfolio expansion in Dubai, as well as globally in North Africa and Pakistan.

Other projects in the pipeline include two freehold Residential Towers - Chapal Tropicals and Chapal Marines. Modelled on the popular Emirates Lake Towers communities in Ajman, Chapal Tropicals will offer an extended lifestyle to residents seeking an affordable housing solution in the vicinity of booming Dubai.

The complex will have over 800 residential apartments in a mix of Studio, 1, 2 and 3 bedroom units within its 50 storeys. On the other hand, Chapal Marines is modelled on the water based theme of Chapal Corals and is a rare opportunity for investors seeking early and high capital gains. This 30 storey tower will offer a lakeside lifestyle with breathtaking views and a refreshing environment. Residents will also enjoy the privileged access to the extended Chapal Club House facilities which is restricted to tenants of Chapal projects located in Emirates Lake Towers.

Chapal chose to locate Flora Residences in Ajman for many reasons. The relatively low prices as compared to the other emirates allow Chapal to implement its philosophy of proving luxury living at affordable prices. Ajman was among the first emirates to allow 100% free holding, including resident visa status for owners and their families. The emirate has now followed up with an ambitious programme to woo investors that is proving to be very successful. The resulting inflow of funds has led to a real estate boom in Ajman which is rivalling that of Dubai. This makes Chapal Flora Residences a good buy even when looked at purely as an investment.

Copyright Emirates News Agency (WAM) 2008.