The first townhouse and golf community in King Abdullah Economic City
Festive sale event at Hilton Jeddah and Emaar.E.C Riyadh Sales Centre
Integrated community with schools and retail centre; handover in 2010
Three- and four-bedroom villas of size 300 to 400 sq m
Jeddah, Saudi Arabia; May 20, 2008: Emaar, The Economic City (Emaar.E.C) will launch the sale of the first homes within Esmeralda Suburb, the first townhouse and golf community in King Abdullah Economic City (KAEC), on May 21, 2008. Customers can choose from a range of three- and four-bedroom villas ranging in size from 300 to 400 sq m at a special sales event being hosted at Hilton Jeddah or at Emaar.E.C's Riyadh Sales Centre from 5pm.
Esmeralda Suburb is a fully integrated neighbourhood with schools, retail centres, health & fitness facilities and a range of leisure amenities. The lifestyle experience offered by Esmeralda Suburb will be highlighted at the festive event in Hilton Jeddah, and will feature leisure activities for families and children.
Spread over 160,000 sq m, Esmeralda Suburb is integrated into a world-class golf course thus offering an unparalleled lifestyle experience for residents. All homes feature elegant gardens, walkways and car parking space. The villas are strategically placed in clusters of 2, 4, 6 and 8 thus offering greater privacy for residents while assuring a sense of community living.
Mr Sami AlHalabi, Acting Executive Director - Commercial, Emaar.E.C, said: "Residential property within KAEC is already much preferred by investors, and Esmeralda Suburb adds to the appeal with its unique location and amenities. As the first townhouse community located in close proximity to a golf course, Esmeralda Suburb offers residents a distinctive lifestyle that will appeal to the discerning clients."
Featuring various impressive architectural styles, the Esmeralda Suburb townhouses incorporate modern finishes and fittings, and are in easy access to a community and retail centre with advanced health & fitness facilities, children's play area and food & beverage options. The homes will be ready for handover in 2010.
Emaar.E.C has launched a toll-free number, 8001180010, for the ease of customers, who can make early registrations and obtain more information.
Located on the Red Sea coast on 168 million sq m, KAEC has six components: the Sea Port, Industrial Zone, Central Business District, Educational Zone, Resort District and Residential Communities. Esmeralda Suburb is part of the Residential Communities. The first phase of the project has been launched to strong investor response and work is progressing according to schedule. Contracts for Esmeralda Suburb are currently being awarded and work will start soon.
-Ends-
About Emaar, The Economic City:
Emaar, The Economic City (Emaar.E.C), established in September 2006, is a Saudi joint stock company managed by Emaar Properties PJSC, one of the world's largest property developers, and a number of high profile investors from Saudi Arabia. Emaar.E.C has a share capital of SR8.5 billion consisting of 850 million shares of nominal value SR10 each. Thirty per cent of the equity, worth SR2.55 billion, was offered for public subscription.
Emaar.E.C leads the master-planning and development of the 168 million sq m King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for KAEC.
KAEC, a New Age City being built today for tomorrow's generation of Saudi citizens, has six components - sea port, industrial district, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area.
The mega-project works closely with the Kingdom's on-going drive to expand the economy, create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry. Based on initial forecasts, the project and its several components will create up to one million employment opportunities in the various industries and service-oriented companies that will open in KAEC. It will also be home to 2 million residents.
For more information, please contact:
Bashar Kharbat / Rayyan Dahlawi
ASDA'A Public Relations
Jeddah, Saudi Arabia
Tel: (+966 2) 6575194/ 195/ 196
E-mail: b.kharbat@asdaa.com
r.dahlawi@asdaa.com
Nivine William / Kelly Home
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in MENA
Dubai, UAE
Tel: (+971 4) 334 4550
Email: n.william@asdaa.com, k.home@asdaa.com
© Press Release 2008
