EMAAR launches sale of apartments at The Greens today

The company is creating a special facility at the Godolphin Ballroom, Emirates Towers Hotel at Sheikh Zayed Road, to facilitate the sale of the one, two, three and four bedroom apartment on freehold basis to national and expatriate investors. The facility will open its doors for sale from 6.30 pm onwards.

Mr. Marc Hewitt, Executive Director (Development), EMAAR Properties PJSC said: "With the launch of The Greens at Emirates Golf Club, EMAAR is targeting a brand new section of consumers - national and expatriate investors who are looking at more affordable housing options. The apartments, which will have luxury finishes, fine materials and exceptional design from world-renowned architects, will be priced at AED 288,000 upwards."

Mr. Hewitt further said that the new project was expected to be completed in a record time of eight months. "We have already commenced work on the buildings, which will be ready for occupancy by March 2003."

The Greens, overlooking the Emirates Golf Club, is another visionary master planned community by EMAAR, which will be an integral part of the high profile down town of Dubai which includes, The Dubai Marina, Emirates Hills, Dubai Internet City, Media City, the American University in Dubai, beaches and luxury hotels.

The Greens at the Emirates Golf Club will be a planned community of modern buildings that punctuate the skyline with attractive streetscapes and private courtyards for all residents to enjoy. The lush landscape with swimming pool and gymnasium facilities will provide a perfect environment for residents to unwind with family and friends.

The launch of The Greens at Emirates Golf Club today, comes soon after the success of EMAAR's Phase-1 of the Dubai Marina project, in which 1500 residential apartments in six towers were sold to national and expatriate investors. The sale of villas at the prestigious PA-2 development at Emirates Hills has also been a resounding success for the company with 253 units sold in three phases in record time.

"EMAAR's offer of affordable luxury homes, coupled with the unique advantage of freehold ownership and the benefit of long-term finance through its mortgage finance arm, AMLAK Finance, has proved to be a big attraction for national and expatriate investors," Mr. Hewitt said.

Apart from providing a natural extension to its parent company's core business, AMLAK Finance also serves the resident property market as a whole by filling a vital gap in the range of financial services available to potential homeowners. This includes its new home financing scheme for UAE nationals and foreign investors offering up to 90 per cent finance of the property value, for a period of up to 25 years.

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