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Emaar International Jordan launches sale of Samarah Hillside on August 11
- Jordan: Thursday, August 09 - 2007 at 10:24
- PRESS RELEASE
Emaar International Jordan, the wholly-owned subsidiary of Dubai-based Emaar Properties, will launch the sale of Mediterranean-styled villas at its Samarah Dead Sea Golf & Beach Resort on August 11.
The JD354 million (AED 1.84 billion, US$500 million) Samarah Dead Sea Golf & Beach Resort is owned by The Dead Sea Touristic and Real Estate Company, a venture of Emaar Properties PJSC along with a group of regional and Jordanian investors. The project is in line with the the growth plan for Jordan as outlined by the King Abdullah II Fund for Development, and is poised to energize the Jordanian economy through its focus on tourism growth and luxury property development.
Overlooking the Dead Sea, Samarah Dead Sea Golf & Beach Resort is a mixed-use master-planned community with Mediterranean-styled villas set amidst a vibrant retail centre and a Spa and Wellness Village.
"Following the launch of the Samarah Dead Sea Golf & Beach Resort, there has been strong investor response from Jordan and internationally for the project," said Dr Nader Mohammed, Regional Managing Director, Emaar International. "A prestigious development, Samarah will redefine the property sector of the Kingdom with its emphasis on quality, service excellence and the growth opportunities it offers for the local population."
"The Samarah Dead Sea Golf & Beach Resort Presentation Centre will serve as a benchmark in property marketing practices, where the interests of potential investors are accorded prime importance," said Mr Steve McCartt, General Manager, Emaar International Jordan.
The Samarah Dead Sea Golf & Beach Resort comprises four key components: Samarah Hillside with residences and a community centre; Samarah Beach with residences and a Spa and Wellness Village; Samarah Golf with a clubhouse; and Samarah Rift with a Retail Village and a business hotel.
Emaar is currently launching the sale of villas within Samarah Hillside featuring two- to three-bedroom villas of size from 314 to 404 sq metres. The multi-functional residential community is located opposite the King Hussein Bin Talal Convention Centre and the Samarah Dead Sea Golf & Beach Resort Presentation Centre.
Samarah Hillside villas have luxury fittings, offer spectacular sea views and feature landscaped surroundings and walkways. Parking spaces, roof top living and private backyards are common. The homes are in close proximity to the Samarah Rift Retail Village, and Samarah Beach Spa and Wellness Centre.
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Notes and media contacts
Potential investors can visit the Samarah Dead Sea Golf & Beach Resort Presentation Centre located at the Dead Sea from August 11, 10am to 7pm. They can also log on to www.emaar.jo or call (+962 6) 5501800 - Emaar International Jordan corporate office or (+962 5) 3561032 - Samarah Dead Sea Golf & Beach Resort Presentation Centre for more details.Emaar's expansion into Jordan is in line with its Vision 2010 to become one of the most valuable companies in the world. The company today has a significant presence in 36 markets globally and has also diversified into education, healthcare, malls, finance, and hospitality & leisure.
About Emaar International Jordan:
Emaar International Jordan is the subsidiary of Dubai-based Emaar Properties PJSC, a global property developer with six business sectors, more than 60 active companies and a collective presence in over 36 markets spanning the Middle East, North Africa, Pan-Asia, Europe and North America.
The Dead Sea Touristic and Real Estate Investment Company, formed by Emaar Properties PJSC along with a group of regional and Jordanian investors, owns the project in line with the growth plan for Jordan as outlined by the King Abdullah II Fund for Development. The Dead Sea Touristic and Real Estate Company unveiled the Samarah Dead Sea Golf & Beach Resort, a mixed master-planned community, in November 2006. The project features luxury villas, beachside amenities and an extensive retail spread.
Emaar International Jordan has opened its corporate office in Amman at the Rabia Towers.
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.
Emaar has highlighted its remarkable global growth by debuting on the Financial Times Global 500 ranking, which provides an annual snapshot of the world's largest companies. Emaar has been assigned A- and A3 ratings with stable outlook by Standard & Poor's and Moody's Investor Services, respectively.
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 malls, 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, 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 the US$26.6 billion King Abdullah Economic City, the region's largest private sector-led project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Syria, Jordan, Lebanon, Morocco, Egypt, Turkey, Libya, India, Pakistan, Indonesia, the US, the UK, France and Canada.
An 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 realtor; and formed a joint venture with US-based 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 Armani resorts and hotels world-wide and 100 Formule 1 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 more information, visit www.emaar.com.
For further information, please contact:
Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 334 4550; Fax: (+971 4) 334 4556
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