Marina Walk is popular all-week destination
Existing Marina berths 220 boats; three more to open throughout 2008 and 2009 to accommodate over 600 vessels
Dubai Marina Mall set to open late-2008
Dubai, UAE; May 17, 2008: Emaar Properties has added a new lifestyle destination to the city with Dubai Marina, the first and largest of its waterfront development in the region. Dubai Marina is already home to several hundred residents and features restaurants and cafés, a seasonal bustling Friday Market, a vibrant Marina Walk and opportunities for boating excursions from the Marina.
With a development value of AED 4.36 billion, Dubai Marina recreates the lifestyle of the French Riviera. Residents enjoy the advantage of living in the heart of Dubai's emerging Knowledge Hub, comfortably away from the bustle of the city, yet close to renowned hospitality hotspots.
"In less than three years since we welcomed the first residents, Dubai Marina has become one of the most thriving outdoor destinations in Dubai," said Saif Al Mansoori, Sales Director of Emaar Properties. "While the Marina Walk offers an ideal venue for any-time relaxation by the waterfront, the Marina has attracted boating enthusiasts from around the world. There are regular boating excursions offering visitors a chance to explore the waters in safety and comfort."
Marina Walk, a pedestrian-friendly walkway that winds through a large Marina, is already a popular all-week destination for visitors and residents. A spectacular dancing fountain is the chief attraction for children, who delight in matching their steps with the rhythmic swaying of the fountain. Marine enthusiasts can also look forward to the opening of the Dubai Marina Yacht Club in mid 2008. It will feature an elegant clubhouse with restaurants, a marine retail shopping arcade, yachting fashion boutique, charter yachts and a boat repair facility scheduled for completion in 2009.
Spread over an area of 60,000 sq ft, Marina Walk offers an exciting tenant mix of quality cuisine and retail outlets. Culinary options include American, Thai, Mediterranean, Indian, Japanese, Chinese, Lebanese, and traditional Arabian, apart from several cafes that open to the Marina. The retail spread includes supermarkets, book shops and pharmacies. Other amenities at Dubai Marina include children's play areas, swimming pools, resort spas, games room, lounge facilities, sheltered parking, and multi-purpose lounge.
In addition to defining the concept of a mixed-use community, Dubai Marina is also evolving as a distinct business and retail environment with the unveiling of the Dubai Marina Mall complex. It encompasses the Dubai Marina Mall; The Address, Dubai Marina, a 5-star hotel and serviced residences owned, managed and operated by Emaar Hospitality Group; Marina Plaza - a commercial tower for thriving businesses; and a multi-storey tower dedicated to diverse cuisines.
Dubai Marina Mall, to open later this year, will serve as a sterling addition to Dubai's vibrant retail environment and will offer several shopping options in a mall that celebrates its waterfront location. Enhancing the lifestyle amenities at Dubai Marina, the mall will also feature a cineplex, an extensive food court and children's entertainment facilities.
The Address, Dubai Marina, one of the three hotel properties to open in Dubai this year, includes the 200-room hotel and 442 serviced residences. The hotel features health and fitness facilities, speciality restaurants, banquet halls and a full-fledged business centre.
"Dubai Marina living is a one-of-its-kind experience, where the Marina serves as the perfect backdrop for all aspects of the residents' lifestyle," added Mr Al Mansoori. "For the first time in Dubai, a residential development is also serving as the biggest-ever catalyst for water sports with more marine enthusiasts checking in to Dubai Marina to enjoy its wide spectrum of facilities - from dining out to leisure and fitness to retail."
Dubai Marina will have four Marinas featuring clean, modern berths accommodating over 600 vessels including powerboats of 20 ft to 115 ft. The East Marina has 220 existing berths for an exclusive range of vessels.
Spread over 50 million sq ft and with 3.5 km of waterfront, Dubai Marina comprises ten districts each developed as a distinct community. Emaar has unveiled six luxurious projects at Dubai Marina - Al Majara, Al Sahab, Dubai Marina Towers, Marina Promenade, Marina Quays and Park Island. Four of them - Majara, Al Sahab, the Dubai Marina Towers and Marina Promenade - have been completed and the keys handed over to buyers. Marina Quays and Park Island homes will be handed over to buyers later this year.
"As the premier waterfront development in the region, Dubai Marina, indeed, sets a new benchmark in offering the right mix of amenities for residents and visitors," said Mr Al Mansoori. "Emaar is committed to enhancing the lifestyle experience through complementary additions such as the Dubai Marina Mall complex and the Dubai Marina Yacht Club."
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About Emaar Properties PJSC:
Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation.
Emaar has highlighted its remarkable global growth by debuting on the Financial Times Global 500 ranking, which provides an annual snapshot of the world's largest companies. Emaar has been assigned A- and A3 ratings with stable outlook by Standard & Poor's and Moody's Investor Services, respectively.
Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in malls, hospitality & leisure, education, healthcare and finance, which have evolved from its integrated approach to customer service and property development.
Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, the world's tallest building and free-standing structure, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing the US$ 26.6 billion King Abdullah Economic City, the region's largest private sector-led project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Egypt, Turkey, Libya, Algeria, India, Pakistan, China, Indonesia, the US, the UK, France and Canada.
An award-winning developer, Emaar has strengthened its product sale competencies, market reach and best practices through strategic acquisitions and joint ventures. Emaar acquired John Laing Homes, America's second largest privately held home builder; Hamptons International, UK's premier realtor; and formed a joint venture with US-based Turner International to strengthen execution capabilities.
Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury Armani Hotels & Resorts world-wide and 100 Formule 1 budget hotels in India.
The company is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent. Emaar acquired Singapore-based leading education provider, Raffles Campus, to extend expertise to its educational institutions.
Emaar holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking. Emaar is also the largest shareholder in Amlak Finance, UAE's leading Islamic home financing company. For more information, visit www.emaar.com.
For further information, please contact:
Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 334 4550;
Fax: (+971 4) 3344 556
E-mail: k.home@asdaa.com, n.william@asdaa.com
© Press Release 2008
