Exclusive condominium high-rise towers launched in Abu Dhabi
Abu Dhabi, March 6, 2006: Exclusively launched for Abu Dhabi residents, Emaar Properties today unveiled its newest project at Dubai Marina - Marina Promenade. With its location directly opposite the upcoming prestigious Dubai Marina Motor Yacht Club, the development of six high end residential towers offers breathtaking views over the marina.
The Paloma, the first tower to be launched, offers a choice of one, two and three bedroom suites, ranging from 891 sq. ft to 2,098 sq. ft with a typical floor layout containing five suites. Prices for the apartments start from AED 780,000. Registration for The Paloma will take place at the Abu Dhabi Emirates Palace Hotel today (March 7) and is on a first come, first served basis.
The complex offers upscale community living in a Riviera environment with easy access to boats, boardwalks, shops, restaurants and the vibrant lifestyle of Dubai Marina. Centred at the widest bay of the Marina where it stretches more than 300 metres, Marina Promenade will mirror the successful lifestyle that Marina Walk offers residents with an endless boulevard of multi-cuisine dining restaurants, coffee shops and retail outlets.
Bahiya Kayed, Assistant Director of Sales, Emaar Properties said: "Ever since its inception, waterfront living at Dubai Marina has proven a success. Emaar is inviting Abu Dhabi residents to avail of this unique opportunity to experience a vibrant marina lifestyle with the launch of this first Marina Promenade development exclusively to the Abu Dhabi market."
Each tower has a distinguished lobby design, locker storage area for tenants' rentals, concierge facility, centralised household waste removal, on site mail service and around-the-clock maintenance and security service. The towers are connected by a common landscaped podium structure that has a central entrance leading to the parking levels and steps leading to the walkway path.
"Emaar is offering a range of amenities within Marina Promenade, which include a fully equipped gymnasium, swimming pools, squash courts, badminton court, communal area, fitness centre, library, business lounges, community health club, day care centre, guest suites and electric barbeque area," she added.
All apartments have maximum utilisation of interior spaces, designer suite finishes featuring natural stone countertops, kitchen fitted with appliances, central A/C systems, high speed internet facility, intercom, central exhaust and pre-cooled fresh air systems.
Conveniently located in Dubai's new growth corridor along Sheikh Zayed Road, Dubai Marina is only a few minutes drive away from the Internet and Media Cities, The Montgomerie Golf Course, Emirates Golf Club, the American University and five-star beach hotels.
The Paloma at Marina Promenade is currently under construction and has already reached level 12. The tower is due for completion in the first quarter of 2008. More information can be found at www.emaar.com,
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Note to Editors
About Emaar Properties PJSC:
Emaar Properties, the Dubai-based Public Joint Stock Company and No. 1 real estate company in the world, is listed on the Dubai Financial Market and is part of the Dow Jones Arab Titans Index. The company recently announced that its net profits for the year ended 31 December, 2005 climbed 180 per cent, to a record AED 4.731 billion. The figures represent a substantial increase on the AED 1.691 billion for the year 2004. The company also reported an impressive 59 per cent rise in revenues to AED 8.361 billion, as compared to AED 5.248 billion for the year 2004.
The company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base with more than 13,000 homes handed over to satisfied customers to date. Currently, it has several major real estate projects under various stages of development in Dubai including Arabian Ranches, Dubai Marina, Emirates Hills, The Views, The Meadows, The Springs, The Lakes and The Greens. 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, which comprises the Burj Dubai - the tallest tower in the world when completed in 2008, The Dubai Mall, Burj Dubai Boulevard, The Lofts, The Old Town, The Old Town Island, The Residences, Burj Views, man-made lakes, landscaped parks and gardens. The company has joint ventures and projects across the region covering Saudi Arabia, Egypt, Syria, Morocco, India and Pakistan. Recently the award winning property developer announced plans to aggressively expand the retail sector with investments of over AED 15 billion to develop approximately 100 malls in the mega emerging markets of the Middle East, North Africa and the Indian subcontinent. In addition, Emaar has teamed up with Giorgio Armani S.p.A to build and manage 10 Armani hotels and resorts across the world; an Armani hotel will feature in Emaar's flagship Burj Dubai tower.
While continuing to actively pursue expansion in its core business of innovative, high quality real estate development, Emaar has diversified into related business lines to further build value for its 41,000 shareholders, which includes the Government of Dubai. Emaar owns and manages EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services. Emaar also holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking and is the majority shareholder in Amlak Finance, UAE's leading Islamic home financing company. For further information, please visit www.emaar.com.
For further information, please contact:
Kelly Home / Linsey Worgan
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
© Press Release 2006
