Emaar Properties PJSC, the global property developer, and Emaar Middle East, its subsidiary focused on projects in Saudi Arabia, will leverage their participation in Cityscape Jeddah to highlight the on-schedule progress and commitment to project delivery.
Emaar Middle East is showcasing its three flagship projects in the Kingdom – Jeddah Gate, Al Khobar Lakes and Emaar Residences at the Fairmont Makkah – at the premier real estate investment and development event to be held from June 7 to 9, 2010 at the Jeddah Center for Forums and Events.
At the expo, Emaar will showcase other international projects including residential master-planned communities in Turkey, Pakistan and Egypt, amongst others. Emaar today has a significant presence in 16 global markets with over 94 million sq ft of completed real estate development.
Dr Dia Malaeb, Regional CEO responsible for Emaar Middle East, said: "The key focus of Emaar, across all its markets including Saudi Arabia, is the on-schedule completion of all announced projects to world-class standards. Emaar Middle East has made significant progress on all our projects, with the first residences in Jeddah Gate and Al Khobar Lakes scheduled for hand over shortly. We are highlighting our world-class build quality, the integrated lifestyle communities we are developing and our on-schedule progress at Cityscape Jeddah."
He added: "As the premier real estate development event in the Kingdom, Cityscape Jeddah brings together all key stakeholders in the property sector. By showcasing our projects, we are adding to the market dynamics of the Kingdom, which faces a growing demand for world-class homes. Emaar Middle East is delivering affordable luxury homes that meet the lifestyle aspirations of the people."
Emaar Middle East's pavilion at Cityscape Jeddah will spread over an area of 135 sq m. In addition to models of Jeddah Gate, Al Khobar Lakes and Emaar Residences at the Fairmont Makkah, the pavilion will also have video displays of the projects in progress. The company's representatives will explain the various aspects of the projects and help visitors gain a clear overview of the projects and their completion schedules.
Jeddah Gate is a SR 6 billion mixed-use project spread over approximately half a million sq m featuring residential units; commercial units; and 75,000 sq m of gross leasable area for retailers. Top-end retailers and several food & beverage outlets will function in close proximity to the towers. The sale of Abraj Al Hilal, a cluster of three high-rise residential towers within Jeddah Gate, gained strong home buyer and investor response.
Al Khobar Lakes is a luxury lakefront development set on about 4.3 million sq m featuring 80,000 sq m of serene water bodies. It is one of the premier lakefront developments and the largest integrated community in Eastern Province. It features more than 2,000 private villas with retail and leisure amenities that are perfect for family living. The Al Nada and Al Ghadeer residential villages have been launched to overwhelming home buyer and investor response.
The Emaar Residences at the Fairmont Makkah is located directly on the Haram Plaza. The serviced residences are offered on a leasehold basis and range in size from 40 sq m for a thoughtfully designed studio to 160 sq m for a comfortable three-bedroom residence. The fully furnished homes have been designed with comfort in mind, and the modern finishes and fittings are a tribute to Emaar's attention to detail and commitment to quality.
Eng. Ahmad Al Kulli, General Manager of Emaar Middle East, said: "We understand the needs and aspirations of our customers, who trust the vast experience of Emaar in delivering world-class integrated communities. All our communities uphold the values expected by the community of offering a safe and secure living environment that respects of the privacy of individuals and families. Our unique development model of creating integrated communities sets us apart by offering residential, commercial and leisure amenities all in one master-planned neighbourhood. All our projects are progressing as per schedule, employing experienced contractors and consultants to achieve the world-class standards of Emaar. The projects will set a new milestone in the real estate dynamics of the Kingdom."
Dr. Malaeb added: "In addition to the Saudi projects, we will also be highlighting our key developments, amongst other countries, in Turkey, Pakistan and Egypt, which offers customers and visitors an array of investment and lifestyle living opportunities. Emaar also has ongoing developments in Morocco, Syria, Lebanon, Jordan and India, which consistently offer our customers assets of world-class quality and standards."
Emaar has already handed over the first phase of its residential developments in Turkey, and in Pakistan as well as commercial offices in Syria. Across all other markets Emaar is progressing according to plans with more completions planned for the end of 2010.
In Egypt, Emaar is developing Uptown Cairo, a master-planned community in Cairo, Marassi, an exclusive resort community on the Mediterranean Sea and Mivida, an integrated development set amidst sprawling green parks and open spaces in New Cairo. All projects are progressing rapidly with the first homes at Marassi and Uptown Cairo scheduled for completion and handover later this year. The Business Park in Mivida is also progressing while preparatory works for its residential villages has recently commenced.
Similar progress has been achieved across Emaar's international portfolio with the Commonwealth Village in India, on schedule for handover later this year. In Jordan, the Samarah Dead Sea Resort offers an attractive investment option for customers preferring a holiday home in one of the world's most popular tourist destinations. In Morocco, potential customers can opt for holiday homes in Tinja, a resort development in Tangiers. The Eighth Gate development in Syria is billed to be new business hub of the country, and will host the Damascus Stock Exchange Building.
Across all its key markets, Emaar is bringing world-class build quality and a commitment to developing integrated lifestyle communities that add value to the lifestyle of residents. Emaar's pavilion at Cityscape Jeddah is No E20 at the Jeddah Center for Forums and Events.
