Emaar Development has taken possession of the land for construction of Beach Vista residences in Emaar Beachfront, the private island destination in the Arabian Gulf.
Site mobilisation and enabling work has commenced with the handover of homes scheduled for the third quarter of 2021, the company said in a statement.
Emaar launched the sale of Beach Vista earlier this year, recording sell-out response. All 375 residences were sold out recording total sales worth about AED1 billion, it added.
Ahmad Al Matrooshi, managing director of Emaar Properties, said: “Emaar Beachfront’s first residential launch, Beach Vista has been an overwhelming success recording strong investor response from the UAE and international markets.
“We are now commencing the construction of Beach Vista residences highlighting our commitment to on-schedule delivery. We are working with the best-in-class contractors and consultants to deliver Beach Vista to the highest standards of design excellence and build quality.”
Emaar Development said it aims to bring a Miami beach style living to Dubai with the twin-tower development of 33-storeys and 26-storeys.
In addition to residential facilities such as swimming pools, gyms and parking areas at the podium, there will also be several high-end retail outlets at the ground level.
Following the successful launch of Beach Vista, Emaar earlier launched Sunrise Bay, a new residential destination in Emaar Beachfront which comprises a limited collection of 1, 2, 3 and 4-bedroom premium residences. More
By Sam Bridge arabianbusiness.com