Exquisite island living becomes a reality at the Burj Dubai
Dubai - Emaar Properties unveils its much awaited Burj Dubai project - The Old Town Island, a 26-hectare Arabian inspired island located on the Burj Dubai Lake and opposite the Burj Dubai - the tallest tower in the world when completed in 2008. Containing some of the most beautifully designed homes to emerge from the downtown at Burj Dubai to date, The Old Town Island will also offer boutique offices, a hotel and spa and some of Dubai's finest entertainment and retail venues.
The Old Town Island captures the traditional charm of ancient Arabia yet offers an exclusive and modern lifestyle and an exceptional way to experience downtown living at Burj Dubai. The first phase of The Old Town Island - Tajer Residences - is due to go on sale in the next few weeks with a model apartment open for viewing from today - Sunday, November 20. Prospective buyers can visit the model apartment in The Old Town Presentation Centre located within the Burj Dubai development, just off the Burj Dubai interchange.
The Old Town Island is designed as a mixed use town within a city. Neighbourhoods contain a mixture of exquisite low-rise waterfront apartments, 35,000 square metres of retail in the style of a traditional souk, 8,000 square metres of boutique offices and a five star hotel. With a bridge linking it directly to The Dubai Mall, the island is at the very heart of Burj Dubai's downtown.
Bahiya Kayed, Assistant Director - Sales, Emaar Properties, said: "The Old Town Island is a truly unique neighbourhood. Nowhere else would the low-rise charm of bygone days be located at the heart of a bustling downtown and look out towards the world's tallest building. With some of the world's best leisure and entertainment options on its door step, The Old Town Island combines the very best of two exquisite worlds."
Peppered with market squares, meandering alleyways and inner courtyards, The Old Town Island contains the perfect fusion of stalls, boutiques and coffee houses during the day, while the lantern lit streets become the perfect venue for live music and outdoor restaurants by night.
With some of the best views of the magnificent Burj Dubai rising up above the tranquil Burj Dubai Lake with its moored boats and beautiful surrounding landscape, The Old Town Island is an ideal location to take advantage of Dubai's most stunning vistas.
Divided into four sectors, Tajer (East), Al Bahar (North), Attareen (West) and Manara Hotel, The Old Town Island includes one, two and three bedroom apartments with living space ranging from 840 sq ft to 3,284 sq ft. Each of the 405 apartments in The Old Town Island is unique with its own individual layout.
Offering a range of lifestyle options from trend setting one bedroom apartments to larger family homes, residents of The Old Town Island have a plethora of amenities to choose from including multiple living areas, terraces, gardens and pools or jacuzzis.
The Old Town Island offers a range of first class choices for residents and visitors including speciality restaurants, night club, business centre, swimming pools, spa, fitness centre and children's play areas. With parking for tenants and guests underground, The Old Town Island is a car free zone allowing residents and visitors to make the most of the captivating alleyways and courtyards that epitomise the style of The Old Town Island.
Whether residents opt for the peaceful refuge of the island or the attraction of the tallest tower and the world's largest mall, everything is a leisurely stroll away with The Old Town Island.
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About Emaar Properties PJSC
Emaar Properties, the Dubai-based Public Joint Stock Company, is listed on the Dubai Financial Market and is part of the Dow Jones Arab Titans Index. Emaar is the No. 1 real estate company in the world in terms of market capitalisation which is over US$40 billion. The company announced that its net profits for the first nine months to September 30 climbed 255 per cent, to a record AED 3.690 billion. The figures represent a substantial increase on the AED 1.039 billion in the same period a year ago. The company also reported an impressive 77 per cent rise in revenues to AED 6.757 billion, from AED 3.808 billion for the same period in 2004.
The company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base with more than 12,000 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 two subsidiaries - Dubai Bank, focused on retail and commercial banking and EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services. Emaar is also 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 2005
