Sale of three- and four-bedroom villas start on Feb. 6
Launch follows good investor response to first phase
Umm Al Quwain, UAE; February 3, 2007: Umm Al Quwain Marina LLC, a joint venture between the government of Umm Al Quwain and Emaar Middle East, has announced the launch of its second phase of residences, with the additional release of villas in Mistral Community. Sale of the Portuguese and Spanish-styled homes will begin on February 6, 2007, from 9am at the Umm Al Quwain Marina sales centre.
The popular Coronado and Magellan villas released in Phase One will be offered again in during the second phase completing the Mistral Community at Umm Al Quwain Marina. The two-storey, three-to four-bedroom homes range from 3,458 to 4,311 sq ft. in size and prices start at AED 2.205 million. With two different villa styles and six different villa types, buyers can select a home that suits their family lifestyle.
"The response to the first phase of our villas was very encouraging," said Mr Ahmad Al Matrooshi, UAE Managing Director, Emaar Properties and Member of the Board of Directors of Emaar Middle East. "We are launching a similar series of villas because of the demand from potential home-owners and investors to own a home in our world-class development that brings in a new lifestyle to the emirate."
Residents can enjoy several marina based activities including berthing facilities for vessels, and an extensive array of lifestyle amenities such as retail outlets, community centres, landscaped gardens and children's play areas. "The Mistral Community of villas features a unique ambience that will appeal to the discerning clientele," said Mr Al Matrooshi. "The homes will have modern fittings and quality finishes."
The sales centre for Umm Al Quwain Marina is conveniently located off the main highway on the site of the project itself. Several models and displays will highlight the features of the Mistral villas as well as the other components of the project.
Umm Al Quwain Marina will feature over 8,000 homes including 6,000 villas and 2,000 townhomes, boutique hotels, retail outlets and recreational facilities set in a marina-themed environment. The project, all set to revitalize the emirate's economy, is spread over spread over 2,000 acres of land and features 450 acres of navigable water area. For more information, call toll-free number: 800-EMAAR.
A perfect getaway from the hustle and bustle of cities, Umm Al Quwain Marina can be easily accessed from Dubai via the Emirates Road. The project is Emaar's first master-planned residential project outside of Dubai in the UAE. The global property developer has already handed over more than 14,500 homes in Dubai.
-Ends-
About Emaar Properties PJSC:
Emaar Properties, the Dubai-based Public Joint Stock Company established in 1997, is a global property developer with significant presence in 14 countries. Listed on the Dubai Financial Market and part of the Dow Jones Arabia Titans Index, Emaar has diversified into education, healthcare, retail, hospitality and finance as part of its Vision 2010 to become one of the most valuable companies in the world.
Certified to ISO9001:2000 for quality standards, Emaar has handed over more than 14,500 homes in Dubai and is developing Burj Dubai, on its way to become the world's tallest tower, and The Dubai Mall, the world's largest shopping and entertainment destination. In Saudi Arabia, Emaar is developing King Abdullah Economic City, the Kingdom's largest private sector project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Egypt, Morocco, Turkey, Libya, India, Pakistan, the US, Singapore and the UK.
A multiple-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 real estate company; and Raffles Campus, Singapore's leading education provider. Emaar has partnered with Turner International, Accor Hotels and Giorgio Armani to strengthen its presence in construction management and hospitality sectors. Emaar is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent, and will launch ten luxury hotels and resorts world-wide.
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 / Nedal Alasaad
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.alasaad@asdaa.com
© Press Release 2007
