The first phase, consisting of waterfront and garden villas was sold out last February with the mid-rise towers in the second phase also selling out. The majority of the island villas have also been sold. Demand for the waterfront villas has been particularly strong from British and European purchasers looking for a beachfront holiday home.
White Bay project manager Mr. Costas Alexandrou said: "Umm Al Quwain is witnessing an era of rapid growth, as it has a number of major tourist, commercial and residential projects being developed."
"We have seen significant demand and interest in White Bay from investors and end users due to the unique nature and special location of the project as well as the credibility and reputation of Sunland Group. After almost three decades of experience, Sunland Group has set the benchmark for modern concepts of architectural excellence and quality,"
he added.
The White Bay community will be built around a central marina, with the town centre facing the waterfront. A boardwalk running along the waters edge will offer fashion boutiques, cafes and open air restaurants and will be a place for residents to relax and enjoy the natural beauty of the town centre. This area will also be the focal point for the community's cultural and entertainment precinct.
Two hotels built on either side of the town centre will offer stunning views over the water and gardens, while a retirement residence will provide the latest medical facilities for those wanting to retire in a resort-style community.
ESG is a joint venture between UAE-based Emirates International Holdings and Australian developer Sunland Group Limited. As well as project managing White Bay on behalf of Al Murjan Real Estate, Emirates Sunland Group is currently developing several other projects in Dubai. The world's second Palazzo Versace Hotel is currently under construction on Dubai Creek alongside D1, an 80-storey residential/ resort tower.
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Posted by Anne-Birte Stensgaard, Senior News Editor
