20/07/2016 05:47 AST

Leading Dubai developer Emaar Properties has launched an exclusive collection of residences with park and boulevard views at its ambitious Dubai Hills Estate.

A joint venture with Meraas Holding, Dubai Hills Estate is accessible from Sheikh Zayed Road, and located at the crossroads of Al Qudra and Sheikh Mohammed bin Zayed Road.

A green city within the city, the 11-million-sq-m Dubai Hills Estate is set to welcome its first residents later this year, ensuring that customers into the new mid-rise tower become part of a fully-established neighbourhood, said a statement from Emaar.

The first key launch this summer, the newly launched homes offer customers the opportunity to be part of a distinctive community highlighted by a central park, a championship golf course, a world-class mall, two lifestyle hotels, a bustling boulevard with modern cafes and restaurants, and over 45 km of trekking trails, it stated.

Only 147 residences, comprising one, two and three-bedroom apartments, are now offered for sale at the new tower in the Acacia at Dubai Hills Estate community. The homes offer panoramic views of the central park or the boulevard, said the statement from the Dubai developer.

The lush-green neighbourhood adds to the harmony of living in a development that celebrates an outdoor lifestyle. All homes have high-quality finishes and residents will have access to world-class amenities including a championship golf course and tennis academy, it stated.

Ahmad Al Matrooshi, the managing director of Emaar Properties, said: "We are launching the new mid-rise tower in Dubai Hills Estate, one of the highly sought-after communities just in time to meet the growing interest from international investors who travel to Dubai this summer, and for customers who wish to be part of a vibrant lifestyle neighbourhood."

One of the largest master-planned communities in the city, Dubai Hills Estate will have a total green area of over 2.2 million sq m that includes the golf course, and a central park spreading over an area of about 180,000 sq m.

The golf course alone occupies 1.29 million sq m, and overlooks Burj Khalifa and the Downtown Dubai skyline. Surrounding the golf course will be over 4,400 villas and townhouses and some 22,000 apartments.

“Dubai Hills Estate brings a unique value proposition to Dubai serving as a green oasis in the heart of the city, only minutes away from Downtown Dubai and other business centres. Families will be assured of a ‘wellness lifestyle’ at the new residences that also open to spectacular vistas of a central park,” explained Al Matrooshi.

Marking the first phase of the Mohammed bin Rashid City, Dubai Hills Estate is highlighted by the harmonious blend of modern lifestyle luxuries with an abundance of choices for active outdoor pursuits, he added.

The mega-development will also have a centrally located mall and community retail areas including a boutique mall for high-end brands, two world-class hotels, schools, tennis and sports centres, and a bustling boulevard of about 7 km with innovative leisure, retail and F&B choices.

Apart from the cycling tracks and walkways, Dubai Hills Estate aims to promote an eco-friendly lifestyle with effortless connectivity to public modes of transport including a Dubai Metro link, said the statement.

A dedicated Dubai Hills Rail line will connect residents and visitors to the two international airports in the city, it added.-


Trade Arabia

Emaar unveils 220-key hotel project in Dubai

28/03/2018

Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties, has expanded the portfolio of hotel projects under its Vida Hotels and Resorts brand, with the new Vida Za’abeel.<

Trade Arabia

Aldar and Emaar shares climb after Dh30bn strategic alliance

21/03/2018

The shares of Aldar and Emaar Properties, two of the the UAE’s biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international project

The National

Emaar launches ultra luxury tower in Dubai

06/03/2018

Dubai-based Emaar Development has unveiled an exclusive collection of ultra-luxury apartments, penthouses and podium-level townhouses in The Grand, a spectacularly designed residential tower located

Trade Arabia

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683
EMAAR Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
EMAARMALLS 2.16 0.00 (0.00%)
EMAARDEV 5.33 0.03 (0.56%)
DAMAC 3.01 -0.01 (-0.34%)
UPP 0.88 -0.01 (-1.13%)
ARTC 2.23 0.00 (0.00%)
SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News