Issue No 341 - May 30, 2011

Emaar ME wins leadership award

Emaar Middle East, a subsidiary of Dubai-based developer Emaar Properties, won the Leader in Real Estate award at the recent Arab Investment Summit 2011 held in Abu Dhabi.

The award recognises the excellence of the company in driving its operations within the property sector of Saudi Arabia, and is a testament to the best practices followed by Emaar Middle East in developing integrated communities that meet the growing demand for world-class homes in the Kingdom.

“We are honoured to receive the Arab Investment Summit ‘Leader in Real Estate’ award,” Ahmad Al Kulli, general manager of Emaar Middle East, who received the award.

“It underscores our commitment to upholding the highest standards in project management across all our developments in Saudi Arabia. With the Kingdom currently focusing on enhancing its housing infrastructure, the Award positions us a leader in creating integrated neighbourhoods that bring a new lifestyle choice to Saudi residents,” he added.

Emaar Middle East is developing three projects in Saudi Arabia – Jeddah Gate, Al Khobar Lakes and the Emaar Residences at the Fairmont Makkah. Homes in Jeddah Gate and Al Khobar Lakes will be handed over this year marking the evolution of full-fledged lifestyle communities, a statement said.

Jeddah Gate is a mixed-use project 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 residential towers.

Al Khobar Lakes is a luxury lakefront development featuring picturesque and serene water bodies. It is one of the premier lakefront developments and the largest integrated community in Eastern Province.

Emaar Residences at the Fairmont Makkah, located directly on the Haram Plaza, 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 second annual Arab Investment Summit focused on highlighting the various investment opportunities in the fast-growing markets in the Arab world, and in providing a platform for various stakeholders to explore business opportunities and build new partnerships.

Source: TradeArabia News


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