Over 65% of the units offered for sale were sold on the first day itself.
Emaar.E.C had hosted a festive event at Hilton Jeddah to launch the Esmeralda Suburb townhouses. The event was specially designed to give participants a true feel of the Esmeralda Suburb community and amenities. The sale is ongoing at Emaar.E.C's Riyadh Sales Centre until the evening of Friday 23, May 08.
Spread over 160,000 sq m, Esmeralda Suburb is a fully integrated neighbourhood with schools, retail centres, health & fitness facilities and a range of leisure amenities. All homes feature elegant gardens, walkways and car parking space.
The villas are placed in clusters of 2, 4, 6 and 8, offering privacy for residents while assuring a sense of community living. Esmeralda Suburb townhouses come in various impressive architectural styles, and incorporate modern finishes and fittings. The homes will be ready for handover in 2010.
Located on the Red Sea coast on 168 million sq m, KAEC has six components: the Sea Port, Industrial Zone, Central Business District, Educational Zone, Resort District and Residential Communities. Esmeralda Suburb is part of the Residential Communities. Contracts for Esmeralda Suburb are currently being awarded and work will start soon.
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Emaar, The Economic City records strong response to sale of Esmeralda Suburb townhouses in KAEC
- Saudi Arabia: Thursday, May 22 - 2008 at 07:42
- PRESS RELEASE
Emaar, The Economic City, the Tadawul listed company developing King Abdullah Economic City (KAEC), has recorded strong response to the launch of Esmeralda Suburb, the first townhouse and golf community in KAEC.
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Notes and media contacts
Potential customers can call toll-free number, 8001180010 or log on to www.esmeraldalife.com for more details on the project.About Emaar, The Economic City:
Emaar, The Economic City (Emaar.E.C), established in September 2006, is a Saudi joint stock company managed by Emaar Properties PJSC, one of the world's largest property developers, and a number of high profile investors from Saudi Arabia. Emaar.E.C has a share capital of SR8.5bn consisting of 850 million shares of nominal value SR10 each. Thirty per cent of the equity, worth SR2.55bn, was offered for public subscription.
Emaar.E.C leads the master-planning and development of the 168 million sq m King Abdullah Economic City (KAEC), a project being built on a pristine location off the Red Sea in the north of Jeddah. SAGIA (Saudi Arabian General Investment Authority), the body responsible for inward investments into the Kingdom, is the prime facilitator for KAEC.
KAEC, a New Age City being built today for tomorrow's generation of Saudi citizens, has six components - sea port, industrial district, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and residential area.
The mega-project works closely with the Kingdom's on-going drive to expand the economy, create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry. Based on initial forecasts, the project and its several components will create up to one million employment opportunities in the various industries and service-oriented companies that will open in KAEC. It will also be home to 2 million residents.
For more information, please contact:
Bashar Kharbat / Rayyan Dahlawi
ASDA'A Public Relations
Jeddah, Saudi Arabia
Tel: (+966 2) 6575194/ 195/ 196
Nivine William / Kelly Home
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in MENA
Dubai, UAE
Tel: (+971 4) 334 4550
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, May 22 - 2008 at 07:42 UAE local time (GMT+4)
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