• HSBC

Emaar strengthens UK presence through participation in Arabian Horses Race Day

  • United Arab Emirates: Thursday, July 15 - 2004 at 15:13
  • PRESS RELEASE

Emaar will offer UK investors yet another bouquet of opportunities to be part of the company's world class communities, by showcasing its leading lifestyle developments during the Dubai International Arabian Horses Race Day, part of the Newbury race event taking place from July 16-18.

This is Emaar's second participation at the prestigious event.

The company will sponsor the Zabeel International Stakes race on the concluding day, sponsored by H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry.

Following the company's exclusive alliance with UK's top property consultant Cluttons, Emaar's upscale developments have attracted mature, high net worth individuals from the UK whose top-end sporting pursuits include golf, equestrian and sailing.

Robert Booth, Executive Director, Emaar Properties said: "The United Kingdom continues to be our strong market because lifestyle communities such as ours never ceases to appeal to the British. Increasingly, starting a new life in Dubai in mid-life is something more people than ever are doing, with the result that a high percentage of our current homeowners and investors constitute those from the UK and Europe. The UAE's political and economic stability, combined with a tax-free environment and the high rate of return on investment has substantially aided the property market."

"Our presence at Newbury will further enhance the value of our brand and master-planned offerings which continue to attract a mature, high-net worth investor group. Also we are glad our strategic alliance with Cluttons has stimulated increased investor demand in our projects," Booth added.

Emaar has become synonymous with equine sport. Not only is the company an important sponsor of the Dubai World Cup, it also owns the desert delight called Arabian Ranches. This is a unique community designed as a horse lover's paradise replete with a world-class polo ground, a full-service equestrian centre, stabling facilities and the unique championship desert course. Arabian Ranches is part of the developments on view at the Emaar pavilion.

Also being introduced to the international community will be the company's Old Town development, a pedestrian's haven at the Burj Dubai District. The Old Town represents a fusion of the modern with the traditional. Burj Dubai Tower, The Dubai Mall, The Residences and other landmark features of the District will also be featured.

An added attraction for visitors to the Emaar pavilion will be the opportunity to win a new car. The lucky winner will be announced on the last day of the exhibition.
Emaar showcases its leading lifestyle developments during the Dubai International Arabian Horses Race Day 
Emaar showcases its leading lifestyle developments during the Dubai International Arabian Horses Race Day
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About Emaar Properties PJSC
Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of US$7.7 billion including the land bank, the Company's vision is 'Shaping the Future. Today' 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 several major real estate projects under various stages of development. These developments include Dubai Marina, Arabian Ranches, Gazelle, Emirates Hills, The Views, The Meadows, The Springs, The Lakes, Hattan Homes, The Greens, EMAAR Towers and Residences at Burj Dubai. The company also owns and manages the Gold and Diamond Park, and has started construction on its most ambitious project to date, the 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, UAE's first mortgage finance company, EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services, and its technology and communications company, Sahm Technologies.

For further information, please contact
Imran Zaidi / Lina Anani
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
Dubai, UAE
Tel: +971-4-3355969, Fax: +971-4-3356080

Emaar Properties
Tel: +971-4-367-4566
Fax: +971-4-367-3705

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