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Saturday, November 21 - 2009

Emaar opens sales centre with Riyadh-launch of Emaar Residences at Fairmont Makkah

  • Saudi Arabia: Tuesday, November 10 - 2009 at 11:08
  • PRESS RELEASE

Emaar Middle East, a subsidiary of global property developer Emaar Properties PJSC, will open its dedicated sales centre in Riyadh on November 11, 2009. To celebrate the opening, Emaar will mark the Riyadh-launch of its prestigious Emaar Residences at the Fairmont Makkah.

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The Riyadh sales centre also features the company's prestigious developments including Emaar Middle East's pioneering master-planned communities in the Kingdom - Jeddah Gate and Al Khobar Lakes.

Eng. Alaa Abdullah Saed, Chief Executive Officer, Emaar Middle East, said the Riyadh sales centre is part of the company's commitment to reach out to a wider Saudi audience and highlight the significant socio-economic change being ushered in through lifestyle community development.

"Riyadh is one of the fastest growing markets in Saudi Arabia and there is strong demand for the projects of Emaar Middle East, especially the Emaar Residences at the Fairmont Makkah. Through this dedicated Riyadh-launch of the Emaar Residences at the Fairmont Makkah, we are providing a strong customer-oriented platform here. The sales centre will feature architectural models of all our projects allowing visitors to make informed investment decisions. Our dedicated staff will also provide in-depth advice on the Kingdom's property sector and various investment opportunities,"

said Eng. Saed.

Eng. Saed explained that Emaar Middle East is progressing on schedule with its three flagship projects, which are on schedule for delivery shortly.

"Emaar Middle East is focused on ensuring world-class build quality in our projects, which have energised the local economies by creating several hundred new jobs and supporting ancillary industries," he added.

One of the key projects of Emaar Middle East in the Kingdom is the Emaar Residences at the Fairmont Makkah, located directly on the Haram Plaza in the Holy City of Makkah. The homes are located in the tallest tower within Abraj Al Bait, a cluster of seven elegant high-rises developed as part of the King AbdulAziz Endowment of The Two Holy Mosques.

Residents thus have the fulfilling experience of unique views of the Holy Kaaba even from their homes, which are located in the top-most floors of the Makkah Clock Royal Tower, a Fairmont Hotel. The residences are available on leasehold basis. Customers can also opt for rental programme with Fairmont, allowing them to leverage the global sales and marketing reach of the luxury brand.

Jeddah Gate is a $1.6bn mixed-use project spread over half a million sq m. It features several residential units; office space and 75,000 sq m of gross leasable area for retailers. Emaar Middle East has launched Abraj Al Hilal, a cluster of three high-rise residential towers within Jeddah Gate, to strong investor response.

Al Khobar Lakes is a luxury lakefront development set on 2.6 million sq m featuring 80,000 sq m of serene water bodies. It is one of the premier lakefront developments and the largest integrated community in Eastern Province. It features more than 2,000 private villas with retail and leisure amenities that are perfect for family living. Emaar has launched Al Nada and Al Ghadeer residential villages in the first phase.
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Notes and media contacts

About Emaar Properties PJSC:
Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer with a significant presence in key markets world-wide. Besides building residential and commercial properties, the company also has proven competencies in shopping malls & retail, hospitality & leisure, education, healthcare and financial services sectors.

Emaar is developing Burj Dubai, the world's tallest building and free-standing structure, and has opened The Dubai Mall, the world's largest shopping and entertainment destination. In Saudi Arabia, Emaar is developing King Abdullah Economic City, the region's largest private sector-led project, featuring a Sea Port, Central Business District, Industrial Zone, Educational Zone, Residential Communities and Resort District.

Emaar has joined hands with Giorgio Armani to strengthen its presence in hospitality. The company is also opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent.

Emaar holds 30% 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, please contact:
Jenifer Pinto-Suares
ASDA'A Burson-Marsteller
P.O. Box Box :28063, Dubai, UAE
T: +971 4 3344550
F: +971 4 3344556

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