• HSBC

Emaar Middle East commences construction of second residential village in Al Khobar Lakes

Emaar Middle East, a subsidiary of global property developer Emaar Properties PJSC, developing Jeddah Gate, Emaar Residences at the Fairmont Makkah and Al Khobar Lakes in Saudi Arabia, has awarded the construction contract for the first phase of Al Ghadeer Village, the second residential cluster in Al Khobar Lakes, to Building Construction Company (BCC).

Site grading work is in progress, and construction of the villas will commence shortly.

Emaar Middle East has already made strong progress in the construction of Al Nada Village, the first residential village launched to overwhelming customer and investor response. Work on the first phase of homes in Al Nada is nearing completion.

Dr Dia Malaeb, Regional CEO of Emaar Middle East, said:

"The progress achieved by Emaar Middle East projects in Saudi Arabia highlight the focus of Emaar on project completion and hand over. Across Emaar's geographic footprint, the company has been pioneering lifestyle community developments that also partner in the socio-economic growth of the region. Emaar Middle East is driving the same growth momentum with its developments in the Kingdom through partnerships with renowned contractors and consultants."


Eng. Ahmad Al Kulli, General Manager of Emaar Middle East said: "Al Khobar Lakes highlights the world-class standards that Emaar brings to the Kingdom. With Al Nada Village, the first of the residential villages in the community nearing completion, we are now focusing our energies on commencing work on the first phase of Al Ghadeer Village. The construction contract to BCC, which has proven competencies in ensuring the highest standards in build quality, highlights our commitment to product delivery on schedule."

Al Ghadeer Village is located on the north-east side of the project, and is spread over an area of over 217,910 sq m. It will feature 232 residential units in sizes ranging from 275 to 500 sq m. All the villas have private fences to ensure the privacy of residents, and a well-knitted street system connects the villas through pedestrian walkways.

Al Ghadeer also features green and open spaces sprawling over 8,500 sq m, and the community is anchored by a lake of area 14,000 sq m and a mosque. Residents can access project amenities that include mosques, educational complexes, a shopping centre, community centres, coffee shops & restaurants, healthcare facilities and other amenities.

Al Khobar Lakes, a multi-billion dollar project by Emaar Middle East, is a luxury lakefront development set on 2.6 million sq m featuring 80,000 sq m of serene water bodies. It features more than 2,000 private villas with retail and leisure amenities that are perfect for family living.
EME - Al Khobar Lakes first residential village, Al Nada.
EME - Al Khobar Lakes first residential village, Al Nada.
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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 inaugurated Burj Khalifa, the world's tallest building and free-standing structure, and has opened The Dubai Mall, the world's largest shopping centre.

In Saudi Arabia, Emaar is developing King Abdullah Economic City, the region's largest private sector-led project in Saudi Arabia, 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:

Bashar Kharbat
ASDA'A Burson-Marsteller
Jeddah, Saudi Arabia
Tel: (+966 2) 6575194/ 195/ 196

Nivine William / Kelly Home
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: (+971 4) 3344550

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