Emaar Properties, a regional real-estate development company, announced that the first phase comprising of 1,388 villas in The Springs, its latest waterfront villa community, has been sold out. The company further announced that the sale of the second phase of The Springs will commence at its Dubai Marina Sales Centre on Wednesday, August 21, 2002.
Planned by the company in Dubai's new growth corridor, The Springs will offer villas in varying sizes and floor plans. The project’s prices for a three-bedroom villa starts at 448,888 Emirati dirhams.
Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. Currently it 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)
