Regional real-estate company Emaar Properties reported that the latest phase of its villa project, The Meadows, has met with good investor response. The company further announced that bookings for the new phase of the project is currently open, on a first-come basis, to United Arab Emirates (UAE) and Gulf Cooperation Council (GCC) national and expatriate investors.
Planned by in Dubai's new growth corridor, The Meadows aims to offer residents a living environment that will cater to all their needs. Now taking shape beside the Emirates Hills and The Lakes developments, The Meadows will feature villas that are steps away from the Emirates Golf Club and The Montgomerie Golf Club.
This community will be served by a park, have access opportunities to facilities within the Emirates Hills and The Lakes development and will enjoy the benefits of streetscapes and local amenities. With built-up areas ranging between 3,578 square feet and 4,931 square feet, the four, five and six bedroom, double-storied villas are each surrounded by a garden and a garage.
The majority of investors at The Meadows are reportedly individual home-buyers who plan to live in this community with their families once it is ready in 18 months. The Meadows is yet another community planned by Emaar, which will be an integral part of the downtown of Dubai which includes, The Dubai Marina, Emirates Hills, The Springs, The Greens at Emirates Golf Club, Dubai Internet City, Media City, the American University in Dubai, beaches and luxury hotels.
EMAAR Properties is a Public Joint Stock Company listed on the Dubai Financial Market. The Company, established in 1997, currently has six major real estate projects under development. Besides the real-estate projects, Emaar also owns and manages subsidiaries such as Dubai Bank, which is due to be launched imminently, 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 a technology services company that will be launched shortly. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
