The new residential development offers single family detached villas available in six unit types from 3,566 sq ft to 4844 sq ft and range from three to five bedrooms.
Registration for homes in the new community began today (May 16) at the Arabian Ranches Sales Centre. Sales will take place on Thursday May 19 at sales centre. A random draw will take place on that day to determine the order of sales.
Naaman Atallah, Director of Sales, Emaar Properties said: "Our customer initiatives for the launch of Una, Travo and Mirador La Colección were a huge success. In an attempt to further improve the registration and sales experience, we are allowing three full days for registration and a random draw to determine order of sales for Alvorada. This process will provide a fair opportunity to potential investors and homeowners to own a unique Emaar home in the most sought after themed development."
The stylish Portuguese villas have been designed to reflect the essence of a Portuguese lifestyle and boast a relaxed ambience replete with large living spaces, rounded walls and decorative turrets.
"The Alvorada home is ideal for those who prefer a life of ease and leisure and know how to savour every moment to the full. We are confident that its enviable location, along with world-class amenities on offer, will go a long way towards making it an attractive investment option for both regional and global buyers," Atallah added.
Alvorado follows the success of the Spanish-styled Mirador La Colección community launched at Arabian Ranches last month, which attracted a very favourable response.
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Emaar unveils Alvorada at Arabian Ranches
- United Arab Emirates: Monday, May 16 - 2005 at 13:35
- PRESS RELEASE
In yet another addition to its fast growing property portfolio, Emaar Properties announced the launch of Alvorada, an exclusive Portuguese-styled community at its Arabian Ranches development.
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About Emaar Properties PJSCEmaar 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 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 in Dubai including Dubai Marina, Arabian Ranches, Emirates Hills, The Views, The Meadows, The Springs, The Lakes, Hattan Homes, The Greens, Emaar Towers and The Residences at Burj Dubai. The company also owns and manages the Gold and Diamond Park. Emaar has started construction on its most ambitious project to date, the Burj Dubai Development, which comprises The Burj Dubai, The Dubai Mall, The Boulevard, The Old Town, man-made lakes, landscaped parks, etc. The company also has joint ventures and projects across the region covering Saudi Arabia, Egypt, Jordan, Libya, Morocco as also India and Pakistan.
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, which includes the Government of Dubai. In line with this corporate belief, Emaar also owns and manages three subsidiaries - Dubai Bank, focused on retail and commercial banking; 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. In addition, Emaar is the majority shareholder of Amlak Finance, UAE's first mortgage finance company. In 2004 Emaar was included in the Dow Jones Dubai International Financial Centre Arabia Titans Index.
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Posted by Anne-Birte Stensgaard, Senior News EditorMonday, May 16 - 2005 at 13:35 UAE local time (GMT+4)
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