Dubai’s Emaar launches new villas at Arabian Ranches

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Dubai real estate firm Emaar Properties will expand its Arabian Ranches development with the launch of a new villa community.

Emaar, which built the world’s tallest building Burj Khalifa, will start selling properties on its Moroccan-themed CASA community from November 24.

The new development will feature a series of luxury three and four-bedroom villas, as well amenities including F&B outlets, a health club, mosque and landscaped gardens.

“The further enhancement of Arabian Ranches reflects our growth strategy to develop residential projects that add value to our stakeholders,” said Ahmad Al Matrooshi, managing director, Emaar Properties.

Emaar did not specify how many properties the new community would consist of or when they would be completed. Earlier this month, Dubai contractor Arabtec said it had been hired to build 33 new villas and 62 townhouses at the Arabian Ranches complex with a construction timeframe of 18 months.

In July, Emaar said it had acquired a plot of land on the neighbouring stalled Dubailand development from Dubai Properties Group in order to expand Arabian Ranches.

Emaar has been one of the better performing developers in Dubai’s property market, which saw prices plunge by up to 60 percent in the aftermath of the emirate's 2008-2009 debt crisis. This year the firm has announced a raft of new projects, including The Address The BLVD, a mix-used development of 542 serviced apartments and 200 hotel rooms in Downtown Dubai. All 542 apartment units sold out within a day of going on sale.

Emaar is also building a cultural district, also in its flagship Downtown Dubai district, which will contain a museum, two art hotels and an opera house.

In its most recent Q3 financial report, Emaar posted a 4.7 percent drop in net profit to AED387m (US$105m) compared to AED406m a year earlier. Revenue was down to AED1.6bn compared to AED1.9bn a year ago.


Market Performance

Emaar Properties - UAE
-0.15 -1.44 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Do celebrity branded projects ever work?

Do celebrity branded projects ever work?

The long list of celebrity-endorsed real estate developments...

Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

Most Discussed
  • 10
    UAE teens among the highest for obesity rates

    Everyone in UAE knows that biggest is best.

    UAE may not light up the international league tables in standard of living, education standards, press... more

    Friday, 29 August 2014 4:20 PM - Proud UAEer
  • 9
    UK politician sacked over burka binbag jibe

    @kingkaiser - exactly! It's a very complex issue and I couldn't agree more. What we also hopefully can all agree on is that no woman should ever be mocked... more

    Friday, 29 August 2014 4:19 PM - Doug
  • 1
    Qatar 'ready to rebuild Gaza'

    Once again my greatest respect for Qatar, and shame on other Arab countries.

    Friday, 29 August 2014 10:53 AM - Ralph Edelman