Dubai, July 29, 2012: Dubai Festival City, the multi-used mega project of Al-Futtaim Group Real Estate (AFGRE), today handed over a luxury brand new, Al Badia Townhome to its proud owner, ringing in its first sale after the Al-Futtaim Group company announced the launch of freehold properties of Al Badia Phase 3 townhomes in Dubai Festival City.

Saeed Naderi, a Dubai based businessman, was presented keys to his 3,800 sqft, four bedroom townhome during a ceremony marking the conclusion of a transaction that was completed within a record three weeks.

"This indeed is a proud moment for us," said Ian Plumley, General Manager Property Sales - Dubai Festival City. "The handover of the luxury Al Badia townhome to Mr. Naderi is significant in more ways than one. Not only is this the first brand new freehold unit to be sold by AFGRE, it also marks an upswing in consumer sentiment for top quality homes in one of Dubai's finest mixed use developments. We received strong customer response not only from the UAE but also from the Middle East & Asia - a clear demonstration of the international investor confidence in our development and the Dubai property market,"

"Mr. Naderi waited for two years to own an Al Badia home and even rented an apartment in the adjoining project in Festival City, Hillside Village. His patience was finally rewarded when sales opened last month and with little hesitation, purchased the Mediterranean-style spacious town home that includes a private landscaped garden, garaging and access to a community swimming pool and state-of-the-art health club."

"I am extremely happy to be part of the Al Badia community as an owner," an elated Naderi said. "This family lifestyle neighborhood fits in perfectly with the aspirations of my near and dear ones who like the exclusivity it offers. Having lived here for the past two years as a tenant, I'm delighted that I can now call Dubai Festival City my permanent home"

Alongside the keys to his new home Naderi was also given one year's free membership to Al Areesh Community Club, an AED 5,000 voucher redeemable in Plug-ins store Dubai Festival City for kitchen appliances and a Marks & Spencer food hamper.

AFGRE launched in June this year the freehold sales of 24 luxurious Townhomes at Phase 3 of Al Badia Residences, Dubai Festival City's exclusive retreat which overlooks the Championship Al Badia Golf Course. Prices for Al Badia Residences Phase 3 start from AED 4.8 million.

"Dubai is now firmly on a growth track, reflected in the growing demand for Dubai Festival City homes. I am sure the distinctive experience, coupled with it being a short distance away from Festival Centre the retail resort, restaurants, cafes, bistros, leisure, the Marina and five-star hospitality offering will add to the allure," Plumley added.

Al Badia Phase 3 comprises architecturally distinct, Mediterranean-style spacious 4 and 5 bedroom Townhomes ranging from 3,800 sqft and 5,400 sqft. Each property is ready for occupation and includes a private landscaped garden and garaging and owners have access to a community swimming pool which will be ready soon. The luxury residential community benefit from a scenic panoramic vistas over the communal gardens and the rolling greens and fairways of Al Badia Golf Course.

For more info about the Freehold sales, please contact the Sales Centre in AFGRE which is open from 8.30am to 5:30pm, five days a week outside Ramadan timings or call 800 DFC (332).

About Festival Centre
Festival Centre is a landmark 2m sq. ft. urban retail resort which forms the epicentre of Dubai Festival City now acknowledged to be one of UAE's most exciting retail, dining and leisure attractions. Set on the historic Dubai Creek, Festival Centre, offers over 370 world class retailers, 65 restaurants, cafés and bistros, a 12-screens Grand Festival Cinemas complex and a parking for 13,000 cars. It also boasts a stunning Marina and some of the emirate's most photographed sunset vistas.

The award winning Festival Centre has recently added the Five Star award "Best Retail Development" at the Arabian Property Awards 2010, and two other prestigious Retail City awards - "Mall of the Year" and "Best Retail Destination of the Year".

Festival Centre is home to Dubai's premier concerts and festivals and has hosted world class entertainers such as Carlos Santana, Maroon 5, Tamer Hosni, Amr Diab, Shah Rukh Khan and Kylie Minogue. It has also presented Dubai with a wide array of festivals from the Emirates Airlines International Festival of Literature through to Dubai Desert Rock and Dubai Bike Week. Festival Centre hosts events, parades, entertainers and musicians each week ensuring families are always engaged and rewarded for their visit.

About Dubai Festival City
Dubai Festival City (DFC) is an Al-Futtaim Group Real Estate development project which covers 5.2 million square metres and stretches 3 km along the historic Dubai Creek that optimizes the thriving and visionary spirit of Dubai.

Dubai Festival City is an established creek side, mixed use destination and premier waterfront community interconnecting finest residential, shopping, dining, leisure & entertainment, international hotels, schools, golf course, automotive park and offices. It is formed into three distinct districts and connected by a 30 kilometres internal road network and creek side promenade. This existing community offers freehold villas and apartments for sale and lease which combine traditional and contemporary architecture. Upon completion, the community will be home to 50,000 residents living in 20,000 villas and apartments, and ideal place to work for 50,000 office staff.

Dubai Festival City has recently won 3 top recognitions at The Arabian Property Awards 2010, in the categories of Best Mixed Use Development for Dubai Festival City, Best Residential Development for Al Badia Hillside Village (DFC) and Best Retail Development for Festival Centre (DFC).

For more information, please contact:
Ayad Nahas
Public Relations Manager
GMASCO - An Al-Futtaim group company
Tel:+971 4 228 2101
Fax: +971 4 227 9801
Email: Ayad.Nahas@gmasco.com
 
Diala Ballout
Public Relations Manager - Al-Futtaim Group Real Estate
Tel: +971 4 425 4935
Mob: +971 56 682 9931
Email: diala.ballout@afgre.com
www.dubaifestivalcity.com
www.festivalcitycairo.com
www.festivalcitydoha.com 

© Press Release 2012