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EMAAR prepares another 154 villas for occupancy
- United Arab Emirates: Tuesday, July 08 - 2003 at 15:45
- PRESS RELEASE
EMAAR properties has finalised the development of another 154 villas at its The Meadows project.
This handover brings the total number of villas in Phase 1 that has been delivered since the initial launch in June, 2002 to over 300. The Meadows is EMAAR's premium villa project next to Emirates Hills comprising luxurious double-storied villas of three to six bedrooms.
Commenting on the success of the evening, Mohammed Al Falasi, Manager, Property Management, EMAAR Properties said: "It is essential to communicate our commitment to our new homeowners and to do our utmost in welcoming them into The Meadows community. The session provided the opportunity for homeowners to interact with EMAAR's customer care team on all aspects relating to their new homes."
"Not only did the new homeowners meet with the EMAAR customer care team, but Emrill Services and Sahm Technologies also provided an overview of the infrastructure, maintenance aspects and high-speed visual technology for Internet, television and communication systems that await the homeowners," he concluded.
Attending the event, businessman Deepak Kalmani commented on his purchase: "I believe buying property rather than renting is a wise decision. I also find Dubai property a good investment in comparison to what is available on the international market."
Referring to The Meadows proximity to the 5th interchange on Sheikh Zayed Road, he added: "For me this is the ideal location - it is close to my office and I love the fact that I will be part of Dubai's golfing community. This is a great lifestyle and one I look forward to when I move in shortly."
Anthony Hatter, Vice President of ABN AMRO, remarked on his property purchase: "I have been based in Dubai for two years now, but have spent almost twenty years in the Middle East. Purchasing property in Dubai makes perfect sense, since I see this as my home base for some time to come. The fact that the Montgomerie Golf Club is nearby makes this an attractive community to live in for me and my family."
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Notes and media contacts
About EMAAR Properties PJSCEMAAR Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of $6 billion, the Company's vision is to 'Shape the Future of Dubai' by focusing on innovation, meticulous planning and the continuous pursuit of excellence. The Company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base.
Currently, it has eight major real estate projects under various stages of development. These developments include Dubai Marina, Arabian Ranches, Emirates Hills, The Meadows, The Springs, The Lakes, The Greens and EMAAR Towers in downtown Dubai. The company also owns and manages the Gold and Diamond Park and will soon launch on its ambitious plans to build Burj Dubai - the tallest skyscraper in the world.
While EMAAR continues to actively pursue expansion in its core business of innovative, high quality real estate development it has diversified into related business lines to further build value for its 41,000 shareholders. In line with this corporate belief, EMAAR also owns and manages four subsidiaries - Dubai Bank, focused on retail and commercial banking, Amlak Finance, the UAE's first and only mortgage finance company, EMRILL, a joint venture with the UK-based Carillion plc which provides innovative property and facilities management services, and it technology and communications company, Sahm Technologies.
For further information, please contact:
Christa Vander/Sameh Hamtini
ASDA'A Public Relations
Burson-Marsteller exclusive Middle East affiliate
Dubai, UAE
Tel: +971-4-3344550, Fax: +971-4-3344556
Shatha Al Rumaithy
EMAAR Properties
Tel: +971-4-399 3366
Fax: +971-4-399 2292
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