Real estate developer, Emaar Properties has announced the topping-out of Zulal, its collection of villas, located at the Lakes residential community. Zulal is the sixth neighborhood of Emaar's rental Lakes community, and features 306 villas built for leasing.
The project's first phase of 114 townhouses is expected to be complete by March 2003 whereas the remaining two phases are scheduled for completion in May and July 2003 respectively. Facilities include two community parks with swimming pools and playgrounds, in addition to landscaped streets. Archon and Arabtech have been contracted for the design and construction of the villas.
Emaar Properties is a public joint stock company with eight major real estate projects currently under development. Emaar also owns and manages subsidiaries such as Dubai Bank, Amlak Finance, Emrill and its recently launched IT company, Sahm Technologies. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
