Sale opens for luxury apartments at EMAAR Towers in heart of downtown Dubai

The company today commenced the sale of 168 luxury residential apartments to UAE & GCC nationals and expatriate investors in its state-of-the-art development, located in the Rigga Al Buteen area of Dubai, offering magnificent views of the Creek, Creekside Park & Dubai Creek Yacht & Golf Club.

The company further announced that construction of EMAAR Towers was 65 per cent complete and that it would be ready for occupancy by October 2003, a record time of 11 months. EMAAR has also opened a dedicated Sales Centre at the new development, which will be open seven days a week, from 10 am to 8 pm.

Mr. Mansour Al Othaimin, Corporate Director, Sales & Marketing, EMAAR Properties, said the company was confident of creating huge investor interest in the project, which will allow residents to live in the centre of it all.

"Offering magnificent views of various important landmarks in downtown Dubai, EMAAR Towers is also strategically located close to Deira City Centre, Dubai International Airport, the traditional Gold Souq and is just seconds away from Maktoum Bridge, the link to Bur Dubai and Sheikh Zayed Highway.

"While EMAAR has been the architect in developing Dubai's new growth corridor in the high profile Jumeirah area of the emirate, we believe that there is a huge demand for quality lifestyle real-estate in the heart of Dubai. This project is our first development to shift focus to downtown Dubai," Mr. Al Othaimin added.

The construction of the two residential towers, which are connected at the ground level with a central entrance atrium, has already commenced. The towers share a 3-level secure basement car park towers and comprise 24 one-bed suite; 80 two-bed suites, 44 three-bed suites, 12 sub penthouse three-bed suites, six penthouse suites with private roof top terraces, and two sky bridge two-bed suites.

Other convenient amenities include European kitchens and appliances consisting of under-bench oven, ceramic hot top stainless steel exhaust hood, built-in dishwasher and refrigerator, indoor swimming pool, change rooms and gymnasium, 24-hour security and ground floor retail colonnade.

"EMAAR Properties has always taken the lead in providing investors with some of the finest concepts in luxury living. The apartments in the towers feature spacious bedrooms with large windows built-in wardrobes, sweeping balconies, the finest finishes and a fitted modern kitchen with the latest appliances. Investors expect a lot more from EMAAR because we deliver what we promise," Mr. Al Othaimin continued.

EMAAR's recently announced unique zero per cent down payment scheme will also apply for investors buying residential units in EMAAR Towers. The special Ramadan offer, on the sale of homes in all EMAAR projects will be open until the end of the Holy Month.

This offer will further supplement the attractive home finance schemes currently being offered to investors in EMAAR projects by premier financial institutions in the UAE including AMLAK Finance and Dubai Islamic Bank.

ends