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This follows good investor response to the first phase launched earlier this month.
'The investor response to the Mistral villa community, which we launched at Umm Al Quwain Marina, has been very encouraging, and we are launching the second phase earlier than planned,' said Mr Ahmad Al Matrooshi, UAE Managing Director, Emaar Properties and Member of the Board of Directors of Emaar Middle East. 'Potential home-owners can visit the new Umm Al Quwain Sales Centre for more details on the villas remaining, and also an overview of the entire project.'
The Mistral community comprises a series of Spanish and Portuguese-styled villas. 'As a world-class development that brings in a new lifestyle to the emirate, the Umm Al Quwain Marina offers an attractive option for home-owners and potential investors,' said Mr Al Matrooshi. 'The good response to the first sale underscores the trust home-owners have in the project.'
The AED 12 billion (US$3.3 billion) Umm Al Quwain Marina development 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 newly opened sales centre, which serves as the sales and marketing centre, showcases true-to-type displays of the various components. Home owners can visit the sales centre from Saturday through Thursday from 9am to 6pm, and on Fridays from 10am to 6pm or call toll-free number 800-EMAAR for more details.
Umm Al Quwain Marina is spread over 2,000 acres of land and features 450 acres of navigable water area. With 23 km of waterfront, the development also features sport and yacht clubs, waterfront resorts, schools and community centers. Extensive landscaping will offer residents and visitors easy access to waterfront recreation centers and other amenities.
Umm Al Quwain Marina second phase to open for sale soon
Umm Al Quwain Marina LLC, the joint venture between the government of Umm Al Quwain and Emaar Middle East, will soon launch the second phase of homes at Umm Al Quwain Marina.
- United Arab Emirates: Thursday, February 01 - 2007 at 13:40
- PRESS RELEASE
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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 further information, please contact:
Kelly Home / Nedal Alasaad
ASDA'A Public Relations
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Tel: (+971 4) 335 5969; Fax: (+971 4) 335 6080
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, February 01 - 2007 at 13:40 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Thursday, March 01 - 2007
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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