• HSBC

EMAAR reaches landmark: occupancy of first phase of The Meadows commences

  • United Arab Emirates: Sunday, November 17 - 2002 at 14:25
  • PRESS RELEASE

The Meadows, a premium master planned villa project near the Emirates Golf Club and The Montgomerie, became the first EMAAR real estate development project to be realised after 78 proud homeowners moved into their new homes - and a new lifestyle - on Friday (Nov 15).

The homeowners and their families were accorded a warm welcome by EMAAR Properties' officials, who presented them with the keys to their luxurious homes and a unique living environment that will cater to virtually all their needs.

Mr. Mansour Al Othaimin, Corporate Director, Sales & Marketing, EMAAR Properties, said this was a landmark day not just for those moving into their brand new homes in The Meadows, but also for EMAAR Properties.

"It's a dream come true for these EMAAR homeowners as well as for the company who believes in keeping promises. When we launched The Meadows' first phase, we assured our investors that they would move into their homes before the end of this year. What you see is the result of that solid assurance," said Mr. Al Othaimin.

Construction on the project's remaining phases is currently underway with the next phase ready for occupancy by March 2003. "Work is currently in full swing and I am sure we will be able to deliver, as promised," Mr Al Othaimin added.

The Meadows features technology-smart and luxurious double-storied villas within a generous plot that includes a private garden. The homeowners will also benefit from a complement of facilities which include swimming pools, landscaped parks, children's play area, nurseries, spas, gymnasiums, schools, shopping arcades, cafes, fine dining restaurants, mosques, community centres along with the standard 24-hour maintenance services and advanced safety systems.

Homeowners have been eagerly waiting to move into the development following two sessions held by EMAAR where the homeowners were given details of what their homes would look like and the community in general.

These sessions at the Lakes Community Centre allowed the homeowners an insight into a modern and technologically perfect home with the latest in television entertainment, telephony, utility services and home maintenance services.

"The sessions not only helped the investor understand EMAAR better, but also allowed the company to update the owners on what they could expect to see inside their new home," Mr. Al Othaimin said.

EMAAR later conducted a very extensive and exhaustive check on each home, down to the minutest of detail. "We want to provide our investors everything they've thought their home to be, and more because our customers put a very high value on quality real-estate development," Mr Al Othaimin continued.

Meanwhile, EMAAR has reported excellent investor response to The Meadows following their announcement of extended sales hours and a shift of the sales centre into the heart of the city. The Meadows Sales Centre is located in a prominent marquee next to the recently launched EMAAR Towers and stays open from 9am to midnight, seven days a week.

Investors can also avail of the innovative zero per cent down payment offer on the sale of all EMAAR homes. The special offer continues until the end of Ramadan.

ends

Mohammed Al Falasi, Manager, Property Management, EMAAR, handing over the keys to one of the proud owners of a villa at The Meadows. Also seen is Robert Booth, Executive Director, EMAAR Properties. 
Mohammed Al Falasi, Manager, Property Management, EMAAR, handing over the keys to one of the proud owners of a villa at The Meadows. Also seen is Robert Booth, Executive Director, EMAAR Properties.
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Notes and Media Contacts »

For further information, please contact:
David D'Souza/ Sameh Hamtini
ASDA'A Public Relations
Burson-Marsteller exclusive Middle East affiliate
Dubai, UAE
Tel: +971-4-3344550, Fax: +971-4-3344556

EMAAR Properties
Shatha Al Rumaithy
Tel: +971-4-399 3366
Fax: +971-4-399 2292

EMAAR Properties is a Public Joint Stock Company listed on the Dubai Financial Market. The Company's vision is to build a unique future for Dubai through pursuance of a corporate philosophy based on meticulous planning, innovation and continuous pursuit of excellence. The Company has witnessed tremendous growth since its inception in 1997 and boasts of a rapidly growing tenant base today. Currently it has six major real estate projects under development, which reflect EMAAR's core focus, aimed at optimising the investment of group resources, while actively diversifying the sources of its revenues. In accordance to its vision of shaping the future of Dubai, EMAAR continues to actively pursue expansion in its core business of innovative, high quality real estate development. Besides real-estate projects EMAAR also owns and manages subsidiaries such as Dubai Bank, AMLAK Finance, the UAE's first and only mortgage finance company, EMRILL, a joint venture with the UK-based Carillion plc, which provides innovative property and facilities management services, and its recently launched Sahm Technologies.

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