Six-villa cluster has the charm of harmonious community lifestyle
Dubai, December 5 2004: Emaar Properties announced the launch of Palmera, the Spanish styled clustered villas at the equestrian and golf-themed Arabian Ranches, which is on everybody's shortlist of great places to live.
Each of the clusters comprises six single-family, double-storey, semi-attached villas which are open on three sides. The total area of each residential unit consists of two and three bedrooms each, ranging from 1,850 sq ft to 3,080 sq ft. The Palmera homes are expected to be ready for occupation by May 2007. Prices start from AED 688,888.
Sales open today at the Arabian Ranches Sales Centre from 9:00am to 8:00pm, seven days a week. An original passport and its copies will facilitate the registration process.
"Palmera offers an alternative living experience to Gazelle town homes and is unique in its own right," said Naaman Atallah, Director of Sales, Emaar Properties.
"Each home in the six-home cluster is open on three sides and is accessed through a central entry courtyard. This certainly makes for an interesting lifestyle experience. Since the homes are affordable, it will allow people who yearn of living in the Arabian Ranches realize their dream of living in a desert paradise," Atallah added.
Arabian Ranches had recently launched Terra Nova and Al Mahra both exclusive, upscale developments which have attracted those who wish to be within easy driving distance to their place of work, while needing the peaceful serenity of a luxurious away-from-it-all lifestyle.
Earlier, all three phases of the Gazelle were runaway successes with the town homes being sold out before the end of the launch day. Palmera is expected to elicit a similar response.
"A home at the Ranches is become a point of prestige. People see the value of tranquility while being within easy reach of the big city buzz. They appreciate the fact that the development will allow them to enjoy top-class, international standard equestrian, golfing and leisure pursuits without the hassle of going out of the community," said Atallah.
The Arabian Ranches, just 10 short minutes away from the 4th Interchange on Sheikh Zayed Road, takes its inspiration from the tradition and culture of the Middle East. The development has a 7,800-yard Ian Baker-Finch/ Nicklaus Design world-class desert course and an equine centre built to the highest international standards.
The community includes a village centre with shopping arcades, Jumeirah English Speaking School, convenience shopping, fine dining restaurants, mosques, community centres, gymnasium and cafes on the lakefront. Also included are other features such as indoor leisure/ sport facilities and a five-star spa resort.
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Note to Editor:
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' and focuses on innovation, meticulous planning and the 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 including Dubai Marina, Arabian Ranches, Emirates Hills, The Views, The Meadows, The Springs, The Lakes, Hattan Homes, The Greens, Emaar Towers and The Residences at Burj Dubai. The company also owns and manages the Gold and Diamond Park. Emaar has started construction on its most ambitious project to date, the Burj Dubai Development, which comprises The Burj Dubai, The Dubai Mall, The Boulevard, The Old Town, man-made lakes, landscaped parks, etc. Emaar was recently selected for inclusion in the newly created Dow Jones Dubai International Financial Centre Arabia Titans Index. Emaar currently represents 5.7% of this index, which comprises 50 blue-chip companies located throughout the region.
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 three subsidiaries - Dubai Bank, focused on retail and commercial banking, 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. Emaar is also the majority single shareholder of Amlak Finance, UAE's first mortgage finance company
For further information, please contact:
David D'Souza/Lina Anani
ASDA'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@asaa.com
Emaar Properties
David D'Souza
Tel: +971-4-363-4566
Fax: +971-4-367-3705
E-Mail: davidd@emaar.ae
© Press Release 2004
