Emaar Properties, a regional real-estate development company, announced tremendous investor response for the sale of the second phase of The Springs, its waterfront villa community, according to a company press release.
The Springs project first opened for sale on Saturday, August 17, 2002. The company expects to see a big turnout of customers at its Dubai Marina Sales Office over the weekend.
The first phase of the project, which has been planned in Dubai's new growth corridor, comprising of 1,388 villas was sold out within a few days. Due to the demand, the company opened the second phase of the project for sale on Wednesday, August 21.
Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. Currently it has six major real estate projects under development. 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 property and facilities management services, and a technology services company that will be launched shortly. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
