Emaar has announced the sale of a new phase of apartments in Mohammed bin Rashid City in Dubai.
Located at the crossroads of Al Qudra and Sheikh Mohammed Bin Zayed Road, Acacia at Park Heights in Dubai Hills Estate is being developed as a joint venture between Emaar and Meraas Holding.
The project will feature 479 one, two and three-bedroom apartments and a championship golf course, according to Emaar.
The sales launch will be held on Saturday in Dubai at Emaar Pavilion on Mohammed Bin Rashid Boulevard in Downtown Dubai, and in Abu Dhabi at the Emaar Sales Centre, Al Nahda Tower at 10am; in Karachi at Pearl Continental Hotel at 10am; and in London at Stand D50, Dubai Property Show, Olympia West at 10am.
“Acacia at Park Heights, the new residential project within Dubai Hills Estate, will be a value investment for regional and international investors, with the residents set to become part of a thriving neighbourhood,” said Ahmad Al Matrooshi, managing director of Emaar Properties.
“The access to outdoor activities will be a great incentive for the home-owners, who will also benefit from the central location of the project.”
The prices of the properties were not unveiled.
The property broker Jones Lang LaSalle last month predicted that prices and rents across Dubai would drop by an average of 10 per cent this year.
JLL based its forecast for 2015 on a lack of affordability in the market and the fall in oil prices.
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