28-storey waterfront office tower sits on 8-level podium
Part of the Dubai Marina Mall complex
Launch on July 12, 2007; completion in 2009
Dubai, UAE; July 10, 2007: Emaar Properties has unveiled Marina Plaza, the only commercial tower within the Dubai Marina master-development. The 28-storey boutique freehold Marina Plaza is part of the Dubai Marina Mall complex and sits on an 8-storey podium overlooking the Marina. Investor response is expected to be overwhelming as sales for office space within the tower commences on July 12, 2007.
Marina Plaza at Dubai Marina is scheduled for completion in 2009, and will offer investors the exclusive opportunity to own office space within Dubai Marina, a thriving waterfront neighbourhood located in the heart of Dubai's new-growth corridor, offering easy access to the Dubai Media City, Dubai Internet City and Knowledge Village.
Marina Plaza is adjacent to the 150,000 sq m Dubai Marina Mall complex that includes the Dubai Marina Mall Hotel & Serviced Residences, the Dubai Marina Mall - a modern shopping and entertainment destination, and an 8-storey tower dedicated to diverse restaurants. In addition to the facilities offered at the Mall and Hotel, the podium of the office tower will have shopping and cafes and restaurants choices that enhance the lifestyle of the business community.
"Marina Plaza at Dubai Marina addresses the increasing demand for business space in Dubai and investors can benefit from being located within one of the most sought-after property developments in the city," said Mr Saif Al Mansoori, Sales Director, Emaar Properties. "Entrepreneurs can also enjoy easy access to Sheik Zayed Road, the office and the Dubai Metro, a waterfront ambience, advanced office infrastructure and ample podium and basement parking - all within the well-established Dubai Marina residential neighbourhood that has shopping and hospitality components."
Marina Plaza sports an elegant Meshrebiya style architecture with sparkling glass walls, marble floors, and Arabesque detailing. Investors have the option of doing the interiors to their tastes. To maintain exclusivity, the tower will have over only 160 units, with a maximum of six units per floor, and a full penthouse floor with balconies boasting amazing views over the Marina. All floors will also be available for sale as full floors.
Potential buyers can visit the Emaar Sales Centre at Emaar Business Park, Building 1 on July 12th. They can also visit www.emaar.com or call toll-free, 800 EMAAR (36227), for more details.
Dubai Marina is a 50 million sq ft mega project with 11 km of waterfront boardwalk and five marinas that can berth over 500 vessels. A centrepiece of the development is the Dubai Marina Motor Yacht Club, scheduled to open later this year, and offering an array of Marina-related services to members. The club will power Dubai Marina's concerted efforts to become premier water sports destination.
Emaar is developing seven residential projects within Dubai Marina. Three of them - Al Majara, Al Sahab and The Dubai Marina Towers - have been handed over to residents. Investor response to the four other up-and-coming projects - Dubai Marina Mall Hotel & Serviced Residences, Marina Promenade, Marina Quays and Park Island - has been overwhelming. The master-development has a projected population of 75,000, and there are already several thousands of people living within Dubai Marina.
-Ends-
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.
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 retail, hospitality and leisure, education, healthcare, finance and industry, 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, on its way to become the world's tallest tower, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing 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, India, Pakistan, 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 resorts and hotels 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) 335 5969;
Fax: (+971 4) 335 6080
E-mail: k.home@asdaa.com, n.william@asdaa.com
© Press Release 2007
