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Emaar completes Una at The Views

  • United Arab Emirates: Saturday, October 07 - 2006 at 09:08
  • PRESS RELEASE

Real estate major Emaar Properties has completed the Una lakeside residential development at The Views near the Emirates Golf Club on schedule, and residents have started moving in to the Mediterranean-influenced two-bedroom apartments.

Located in close proximity to Emirates Golf Club and The Montgomerie, Dubai golf club within Dubai's new growth corridor on Sheikh Zayed Road, The Views is an exclusive apartment community featuring only seven towers. The completion of Una follows the hand-over of units to home-owners at Turia in April 2006. Work on the other components - Arno, Golf Towers, The Fairways, The Links and Travo - are ongoing.

"Demand for community living projects in prime locations across Dubai continues to surge," said Bahiya Kayed, Assistant Director of Sales, Emaar Properties. "With the completion of the 42 chic mid-rise residential apartments at Una, we are not only offering value-added developments but also setting new benchmarks in lifestyle property choices."

Located near the popular Greens development, also adjacent to the Emirates Golf Club, The Views builds on Emaar's golf-centric projects while offering two added advantages: spectacular lakeside views and a central location. Una features only two-bedroom apartments - ideal for small families - with sizes ranging from 1,109 to 1,337 sq. ft.

Una derives its name from a Bulgarian river, and offers inimitable Riviera-style apartments arranged amid landscaped gardens. All apartments feature quality finishes and have modern appliances and the latest in technology highlighted by Smart Home Living.

Community amenities include a swimming pool, children's play area, gymnasium, mini-sports court, play areas, retail outlets and parks with walkways. The apartments open to the green vistas of the adjoining golf course. Assigned parking lots, 24-hour security and card-controlled access for vehicles and pedestrians add to the quality of living.

"We have fast-tracked the work on the other components at The Views because of the demand for such prime urban living options," said Kayed. "The overwhelming response to the projects at The Views had prompted us to launch 33 exclusive waterside duplexes and golf-side villas too, which will be completed next year."

The Views lies in the immediate vicinity of Emaar's premium developments such as Emirates Hills, The Meadows, The Springs, The Lakes and Hattan Homes. Positioned between The Greens and Emirates Golf Club, the development offers easy access to the hubs of Dubai's Knowledge Economy - the Dubai Media City, Dubai Internet City and Knowledge Village.
Located near The Greens, Emirates Golf Club, Montgomerie Dubai  
Located near The Greens, Emirates Golf Club, Montgomerie Dubai
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About Emaar Properties PJSC:
Emaar Properties, the Dubai-based Public Joint Stock Company and one of the world's largest real estate companies, is listed on the Dubai Financial Market and is part of the Dow Jones Arabia Titans Index. The company recently announced that its net profits for the half year ended 30 June 2006 reached AED 3.053 billion (US$831 million) - a significant gain of 21 per cent over the first-half 2005 results of AED 2.533 billion (US$690 million) - reflecting the remarkable growth the company has gained since its inception in 1997.

With more than 14,000 homes handed over to customers, Emaar has several major real estate projects under various stages of development in Dubai. Emaar is marching ahead with the construction of its AED 73 billion (US$20 billion) Downtown Burj Dubai mixed-use development that encompasses Burj Dubai, the world's tallest tower when completed in 2008.

The company has joint ventures and projects across the region covering Saudi Arabia, India, Egypt, Turkey, Morocco, Bahrain, Syria, Jordan, Pakistan, Lebanon and Tunisia. In Saudi Arabia, Emaar is developing the US$26.6 billion (SR100 billion) King Abdullah Economic City, the single largest private sector project in the Kingdom.

Emaar also entered the US market by acquiring John Laing Homes, the second largest privately held homebuilder in the US for AED 3.856 billion (US$1.050 billion). Emaar joined hands with The Turner Corporation, a leading international building services provider, to form a new entity, Turner International Middle East Ltd (Turner International ME) to jointly tap regional growth opportunities.

In a move that scaled up its core competency in product sales across the international arena, particularly the Western hemisphere, Emaar acquired Hamptons International, the UK-based subsidiary of premier property developer Wheelock Properties (Singapore) Ltd in a deal worth AED 562.45 million (US$153.05 million).

Last year the property developer announced plans to aggressively expand the retail sector with investments of over AED 15 billion (US$4 billion) to develop approximately 150 malls in the larger emerging markets of the Middle East, North Africa (MENA) and the Indian subcontinent. In addition, Emaar has teamed up with Giorgio Armani S.p.A to build and manage 10 Armani hotels and resorts across the world; an Armani hotel will feature in Emaar's flagship Burj Dubai tower.

Emaar's education initiative will involve the establishment of international schools in the MENA region and India, which will offer premium quality education and an integrated curriculum for students ranging from kindergarten to tertiary levels. Emaar's healthcare diversification will see the company invest around AED 18.35 billion (US$5 billion) over the next decade in the MENA and South Asia markets with the construction of hospitals, clinics and
medical centres and the investment in the provision of world-class healthcare services.

Emaar has diversified into related business lines to further build value for its shareholders, which includes the Government of Dubai. Emaar owns and manages EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services. Emaar also holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking and is the majority shareholder in Amlak Finance, UAE's leading Islamic home financing company.

For further information, please contact:
Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 335 5969
Fax: (+971 4) 335 6080

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