Open to all nationalities, the sale on June 4, 2008, at the Downtown Living Sales Centre showcases a range of Aldea homes, which mark the first phase of Tinja.
Tinja is being developed as part of the Dhs19.6bn (MAD43.5bn; $5.34bn) Memorandum of Understanding (MoU) that Emaar Morocco signed earlier with the government under the patronage of His Majesty King Mohammed VI, King of Morocco.
The 300 hectare (3,000,000 sq m) development is near Tangiers, and easily accessible from the Ibn Batouta International Airport. Tinja is on the oceanfront and in close proximity to natural forests and an estuary and features 2,500 homes, 600 hotel rooms and retail outlets.
Aldea is a fully integrated residential community within Tinja offering residents the lifestyle experience of living along the Atlantic Ocean coastline, with equitable climes prevailing all through the year. The community features a beach clubhouse and community centre with retail outlets and health and fitness facilities.
Lush landscapes with walkways, parks and a range of F&B outlets add to the quality of living. While the villas maximize their beachfront location, the townhouses offer an array of equestrian facilities for residents given the proximity to natural forests.
Mr. Issam Galadari, Managing Director, Emaar International, said: "Morocco is one of the fastest growing markets in the region and an ideal investment destination given the huge growth potential of the Kingdom's tourism sector. Tinja builds further on the tourism appeal of Tangiers, and creates a robust economic and lifestyle environment that will appeal to investors from the GCC region and international markets. The sale in Dubai is specifically held for the benefit of Moroccans in the UAE and for international investors looking for growth opportunities in the Kingdom."
Mr. Yves Delmar, Chief Executive Officer, Emaar Morocco, added: "Tinja has set new trends in tourism-driven property development given its focus on creating an integrated neighbourhood. The natural ambience of Tinja is unparalleled - within the same project, there are beachfront villas and town houses that line natural forests. We launched resort-style residences in Tinja last year to strong investor response in Morocco. The Dubai sale will further complement our efforts to take Tinja homes to a wider audience."
The Aldea villas come in six types and are designed in a staggered fashion to maximize beachfront views and offer greater privacy for residents. Specific units have their own infinity edge private pool and shaded patio deck with landscaped steps leading to the beachfront.
Other features include recreational areas, such as swimming pools and children's play areas. The Aldea homes have fully fitted kitchens, heating and air conditioning, double glazed windows, fenced gardens, garages, terraces and pergolas. The gated community offers 24-hour security.
Emaar Morocco is one of the largest foreign direct investors in Morocco with projects of development value $6.867bn (MAD56bn) through strategic partnerships with the Moroccan government and Onapar.
Through the MoU with the government, Emaar is developing Saphira, Tinja and Oukaimeden - three world-class residential communities with tourism and retail components. Emaar Morocco has joined hands with Onapar to develop Amelkis II and III and Bahia Bay - of development value US$1.527 billion (MAD 12.4 billion).
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Emaar Morocco launches sale of Aldea townhomes and villas in Dubai
- United Arab Emirates: Sunday, June 01 - 2008 at 13:23
- PRESS RELEASE
Emaar Morocco, the country's subsidiary of Emaar Properties PJSC, is launching the sale of exquisite beachfront villas and forest-fringing townhomes located within its Tinja master-planned community at a special sales event in Dubai.
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Potential customers can visit Downtown Living Sales Centre within the Downtown Burj Dubai community on June 4 from 10am to 6pm. They can also call toll-free 800-EMAAR (36227) or log on to www.emaar.com/morocco for more details.About Emaar Morocco
Emaar Morocco is the country 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.
Emaar Morocco is one of the largest foreign direct investors in the Kingdom with projects of development value MAD56 billion (US$6.867 billion) through strategic partnerships with the Moroccan government under the patronage of His Majesty King Mohammed VI, King of Morocco and Onapar. Emaar Morocco has signed a Memorandum of Understanding with His Majesty King Mohammed VI to undertake development projects of value MAD 43.5 billion (US$5.34 billion). The projects - Saphira, Tinja and Oukaimeden - are envisaged as world-class residential communities with strong tourism and retail components.
Emaar Morocco has also joined hands with Onapar, part of the ONA Group, to develop projects of development value MAD 12.4 billion (US$1.527 billion). The joint venture is developing Amelkis II and III, and Bahia Bay - luxury residential and leisure communities.
Morocco is a key market for Emaar in the Middle East and North Africa region, and the expansion is in line with Emaar's Vision 2010 to become one of the most valuable companies through a two-pronged approach of geographic expansion and business segmentation.
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, ranked on the FT 500 Global companies, is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation.
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. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Egypt, Turkey, Algeria, Libya, India, Pakistan, China, Indonesia, the US, the UK, France and Canada.
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, Accor Hotels and Premier Travel Inn to strengthen its presence in hospitality, and will launch ten luxury Armani Hotels & Resorts world-wide and 180 budget hotels in India.
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
Tel: (+971 4) 335 5969
Fax: (+971 4) 335 6080
Posted by StaffSunday, June 01 - 2008 at 13:23 UAE local time (GMT+4)
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