Spacious studios and one- to three-bedroom apartments
Located in the upper-most levels of the elegant hotel tower
Jeddah, Saudi Arabia; September 17, 2008: Emaar, the leading global property developer, is offering fully-furnished serviced residences in the Holy City of Makkah. Emaar is showcasing spacious studios and one- to three-bedroom apartments at the tallest tower in the Holy City developed by Saudi Bin Laden Group and located in the heart of Abraj Al Bait.
Abraj Al Bait, comprising seven elegant towers, is part of the King AbdulAziz Endowment of The Two Holy Mosques, and is an architectural landmark created to serve visitors who come to the Holy City of Makkah from around the world.
The fully-serviced Emaar Residences at Abraj Al Bait Makkah, ranging in size from 40 to 160 sq m, are located in the upper-most floors of the tower, and are being offered on a timeshare lease programme. Potential customers can contact Emaar's sales representatives who will be present at the special stand at Abraj Al Bait mall throughout the Holy Month of Ramadan.
"Abraj Al Bait fulfils the vision of The Custodian of the Two Holy Mosques King Abdullah bin AbdulAziz AlSaud to serve pilgrims to the Holy City," said Mr Issam Galadari, Managing Director, Emaar International. "We are thankful to King Abdullah for the opportunity to be part of this coveted development, which highlights the Islamic heritage."
"Emaar's homes are ideal for pilgrims and families who desire to own a home in the Holy City," added Mr Galadari. "The apartments will be greatly sought after during the Hajj season and the Holy Month of Ramadan."
Residents at the Emaar Residences at Abraj Al Bait Makkah will have the privilege of witnessing the Holy Ka'bah, Haram or Makkah city from their rooms. Room service and housekeeping services will be provided and utmost attention given to safety and security aspects. The homes will feature the latest digital network for hi-speed telecommunication facilities. Hi-speed elevators offer fast access to rooms even during prayer time.
Mr Galadari added: "The apartments will be elegantly furnished with contemporary fittings and designs while maintaining the character of Islamic structures. A kitchenette, living area, dining area, built-in wardrobe and bathroom are standard for all rooms."
Abraj Al Bait will have a modern shopping mall for the convenience of residents. Emaar residents will also have easy access to hotels, leisure and fitness facilities.
For more details, potential buyers can call toll-free number, 800-EMAAR (36227) or log on to www.emaar.com/makkah. They can also register interest in Saudi Arabia at the Emaar stand at Abraj Al Bait mall - Makkah, Jeddah Gate Sales Center - Jeddah and Al Khobar Lakes - Khobar; and in the UAE at Emaar Sales Centre at Emaar Business Park, Building 1 - Dubai, Burj Dubai Sales Centre at Downtown Burj Dubai, Emaar's Abu Dhabi Sales Centre and Umm Al Quwain Marina Sales Centre.
Emaar has announced several key development initiatives in Saudi Arabia. Emaar, The Economic City (Emaar.E.C), a Tadawul-listed company, is developing the King Abdullah Economic City, the single largest private sector development in the Kingdom in 168 million sq m on the Red Sea coast.
Emaar Middle East has also launched Jeddah Gate, a SR6 billion (US$1.6 billion) a master-planned community in Jeddah; and Al Khobar Lakes, a multi-billion dollar luxury waterfront development set on 4.3 million sq m, which is also the largest integrated community in the Eastern Province.
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About Emaar Properties PJSC:
Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation. Emaar has been assigned A- and A3 ratings with stable outlook by Standard & Poor's and Moody's Investor Services, respectively.
Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in malls, hospitality & leisure, education, healthcare and finance, which have evolved from its integrated approach to customer service and property development.
Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, the world's tallest building and free-standing structure, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing the US$ 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 more information, please contact:
Bashar Kharbat / Saleh Alhamamy
ASDA'A BURSON-MARSTELLER
Jeddah, Saudi Arabia
Tel: (+966 2) 6575194/ 195/ 196
E-mail: b.kharbat@asdaa.com
s.hamamy@asdaa.com
Nivine William / Kelly Home
ASDA'A BURSON-MARSTELLER
Dubai, UAE
Tel: (+971 4) 334 4550
Email: n.william@asdaa.com, k.home@asdaa.com
© Press Release 2008
