Arabic-style townhouses forecast to sell out within days
Dubai, July 5, 2004: Emaar Properties has announced the launch of phase two of its Gazelle luxury townhouse community at Arabian Ranches, the equestrian and golf-themed development creating a singular oasis of stylish living in the desert. This second phase of The Gazelle will bring 338 upmarket Arabic-style townhouses to one of Dubai's most original and prestigious lifestyle developments.
The latest release is confidently forecast to repeat the runaway success of the first phase, which sold all its 474 units.
Construction for the new phase is underway and the homes are expected to be ready for occupation by early 2006. Selling of individual homes will begin at the Arabian Ranches Sales Centre today. The Centre will open 10a.m. to 8p.m. seven days a week.
"The launch of the second phase of the Gazelle demonstrates our commitment to providing quality value within what is easily Dubai's most prestigious desert development," said Ali bin Saif Bunawas, Sales Manager, Arabian Ranches. "What we have done with the project is to make it attractive for those seeking top-class, international standard equestrian and golfing pursuits, coupled with a residential component.
"The Gazelle communities will have their own unique atmosphere and lifestyle. Every effort has been made to create an environment where residents' lifestyle needs are satisfied. Everything will be there for them, from lakes, parks and sports centres to shopping malls and leisure facilities."
Gazelle offers eight types of two-storey terraced villas situated in landscaped parks and gardens. The villas vary from three to four bedrooms and range from 1,691 to 3,060 square feet in area. Every home comes with parking for two cars and residents will have use of a community centre with walking and cycling paths near the water's edge.
"In a short period of time, Emaar has been able to transform a stretch of desert into what is poised to be one of Dubai's prime lifestyle destination," Ali said. "At the rate Dubai has been growing recently, projects such as the Arabian Ranches fit in perfectly into the city's wider master plan."
The Arabian Ranches is just nine minutes drive from the 4th interchange on Sheikh Zayed Road and is being constructed around the region's first desert golf course designed by Ian Baker-Finch in association with Nicklaus Design.
-Ends-
Notes to Editors:
About Emaar Properties PJSC
Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of US$7.7 billion including the land bank, the Company's vision is 'Shaping the Future. Today, by focusing on innovation, meticulous planning and the continuous pursuit of excellence. The Company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base.
Currently, it has several major real estate projects under various stages of development. These developments include Dubai Marina, Arabian Ranches, Gazelle, Emirates Hills, The Views, The Meadows, The Springs, The Lakes, Hattan Homes, The Greens, EMAAR Towers and Residences at Burj Dubai. The company also owns and manages the Gold and Diamond Park, and has started construction on its most ambitious project to date, the Burj Dubai - the tallest skyscraper in the world.
While Emaar continues to actively pursue expansion in its core business of innovative, high quality real estate development, it has diversified into related business lines to further build value for its 41,000 shareholders. In line with this corporate belief, Emaar also owns and manages four subsidiaries - Dubai Bank, focused on retail and commercial banking, Amlak Finance, UAE's first mortgage finance company, EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services, and its technology and communications company, Sahm Technologies.
For further information, please contact:
David D'Souza/ Lina AnaniASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in
Middle East and North Africa
Dubai,
UAE
Tel: +971-4-3355969,
Fax: +971-4-3356080
E-Mail: info@asdaa.com
Emaar Properties
Tel: +971-4-367-4566
Fax: +971-4-367-3705
E-Mail: davidd@emaar.ae
© Press Release 2004
