The second phase of The Old Town Island, the ‘Attareen’, has been launched by real estate giant Emaar Properties.
The 88-apartment development complex in downtown Dubai reportedly has over half of its construction work already completed, according to Khaleej Times. All living units feature Arabian architectural styles, while homeowners will have a choice of distinct layouts for their homes.
The 7-level Attareen quarter is pedestrian-friendly and will have a mix of one-, two- and three-bedroom apartments apart from 8,000 sq metres of boutique
offices and 500 parking bays. The development will be ready for hand-over in summer 2007.
Easy finance options will be offered to potential buyers under a deal signed by Emaar and Amlak Finance, the largest publicly listed Islamic finance company and pioneer in home finance in the UAE.
The Old Town Island has four quarters — Al Bahar, Tajer, Attareen and The Palace Hotel, Old Town. The launch of Attareen follows Tajer, the first phase.
Thirty-five units at Tajer were sold in just two weeks during Ramadan following its showcase at the Ramadan tent at The Old Town sales center.
"Attareen Residences integrates residences and boutique offices within a landscaped environment featuring gardens and pools," said Bahiya Kayed, Assistant Director of Sales, Emaar Properties.
"With only 88 apartments, Attareen is ideal for potential home-owners who seek a retreat within downtown Burj Dubai,” Kayed added.
