The first tower - Centro 1 - will open for sale on April 14 with Dubai Islamic Bank providing easy home finance options.
Located on the Burj Dubai Boulevard, Centro Towers are in close proximity to Burj Dubai, on its course to become the world's tallest tower. Centro 1 will be a 24-storey tower with two basement levels dedicated for parking. The apartment will feature studios, one-, two- and three-bedroom apartments.
'The launch of Centro Towers follows the consistently strong demand for residential units within Downtown Burj Dubai,' said Hussain A. Belshalat, Senior Sales Manager, Emaar Properties. 'The central location and the extensive range of amenities make Centro a good buy for potential home-owners and investors, who can gain attractive returns on investment.'
Centro Towers have several podium level amenities including swimming pool, children's pool, landscaped pool deck and a fully-equipped gymnasium. All apartments will feature advanced information technology and communication features. Residents can also enjoy outdoor activities including a barbecue area and poolside facilities.
'There is an increasing preference for home-owners to reside in community living neighbourhoods such as those in Downtown Burj Dubai,' said Belshalat. 'Centro Towers is centrally located on the bustling Burj Dubai Boulevard, which will feature several lifestyle elements including retail outlets and coffee shops. The homes also offer easy access to The Dubai Mall, one of the world's largest shopping and entertainment destinations, and the Dubai International Financial Centre.'
Dubai Islamic Bank will offer up to 95 per cent finance. 'With on-site initial credit approval and installments beginning only after hand-over or delivery of the property, Al Islami Home Finance is a comfortable option for potential home-owners,' said Mohammed Al Ameery, SVP - Head of Sales and Distribution, Dubai Islamic Bank.
He added: 'The Islamic insurance financed scheme does not require salary transfer and needs only minimum documentation. The Al Islami home finance on Centro Towers 1 is a good opportunity for customers to own a dream home in Downtown Burj Dubai, one of the most-sought after locations in the city.'
Potential home-owners can visit the Downtown Burj Dubai Sales Centre for pre-approval from April 11 from 9am to 7pm. They can also call toll-free 800-EMAAR (36227) for more details.
The AED 73 billion (US$20 billion) Downtown Burj Dubai is a mixed-use project that ushers in a vibrant, new downtown neighbourhood to Dubai.
Emaar launches Centro Towers in Downtown Burj Dubai
Emaar Properties has launched a new residential project in Downtown Burj Dubai, Centro Towers, consisting of two high-rise apartment buildings.
- United Arab Emirates: Monday, April 09 - 2007 at 14:51
- PRESS RELEASE
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About Emaar Properties PJSC:Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation.
Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in retail, hospitality and leisure, education, healthcare, finance and industry, which have evolved from its integrated approach to customer service and property development.
Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, on its way to become the world's tallest tower, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. 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, Morocco, Egypt, Turkey, Libya, India, Pakistan, the US 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 formed a joint venture with Turner International to strengthen execution capabilities.
Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury resorts and hotels world-wide and 100 budget hotels in India. The company is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent. Emaar acquired Singapore-based leading education provider, Raffles Campus, to extend expertise to its educational institutions.
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 / Nivine William
ASDA'A Public Relations
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Tel: (+971 4) 335 5969;
Fax: (+971 4) 335 6080
Posted by Lara Lynn Golden, News EditorMonday, April 09 - 2007 at 14:51 UAE local time (GMT+4)
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This Article was updated on Saturday, June 09 - 2007
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