Emaar Development has recorded total sales worth over $270 million (AED1bn) at the launch of the first residences in Emaar Beachfront, the Miami beach style residences with exclusive access to a private beach.
The launch of Beach Vista attracted buyers from UAE and international investors, with all 375 residences available sold out, the developer said.
Providing exclusive access for residents to a 1.5km private beach, the new 10 million square feet Emaar Beachfront development will feature a wide range of leisure and lifestyle attractions including F&B outlets, beachside play areas and retail pop-ups set along a promenade.
Beach Vista, the first estate to be launched at Emaar Beachfront, is set in a twin-tower development of 33-storeys and 26-storeys and includes a selection of 1 to 4-bedroom apartments.
Emaar Beachfront also has direct access to Sheikh Zayed Road and Palm Jumeirah.
Mohamed Alabbar, chairman of Emaar Properties, said the sales reflected the current state of Dubai’s property market.
“With Emaar setting impressive property sales last year, the response to our first launch this year is a positive statement on the robust performance of Dubai’s property sector. It also underlines the credentials of Emaar Development in designing and delivering world-class homes,” he said.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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