Real Estate

Acacia at Park Heights ... set amidst a green landscape.

Acacia at Park Heights ... set amidst a green landscape.

Integrated community

March 2015

EMAAR Properties has unveiled Acacia at Park Heights, a new collection of residential apartments in Dubai Hills Estate, an integrated master-planned community that marks the first phase of Mohammed Bin Rashid City (MBR City) in Dubai, UAE.

Acacia at Park Heights features 479 residences in a choice of one, two and three-bedrooms. It is defined by the panoramic views it offers of the lush-green neighbourhood and the high quality finishes apart from access to world-class amenities including a championship golf course and tennis academy.

Ahmad Al Matrooshi, managing director of Emaar Properties, says: “Acacia at Park Heights will be a value investment for regional and international investors, with the residents set to become part of a thriving neighbourhood. 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.”

Acacia at Park Heights is located centrally at the crossroads of Al Qudra and Sheikh Mohammed Bin Zayed Road, the city’s 12-lane dual carriageway, and within easy access of Sheikh Zayed Road. Residents will also have access to the Etihad Rail and the upcoming Dubai Metro Purple and Pink lines which will border the development, enabling fast and easy connection.

Designed for families, Acacia at Park Heights is set amidst a green landscape and open to uninterrupted views of a green central park. Residents will also have access to an outdoor pool for adults and kids, and jogging and bicycle tracks. The residential tower is also in close proximity to a shopping mall, hotels, schools, multipurpose community hall, fitness centre with steam and sauna rooms, children’s play areas, and communal spaces.

Al Matrooshi says all homes are designed to world-class standards that are a given at Emaar, and reflect the emphasis that the company places on superior design and construction.

“Emaar’s dedicated project management team will assure timely delivery of the project, which will feature premium and quality finishes.”

The project is the third phase of exclusive apartments in Dubai Hills Estate. Developed as a joint venture between Emaar and Meraas Holding, the masterplanned community is today one of the most sought-after residential communities in Dubai, and has recorded strong investor response to the earlier launch of Mulberry at Park Heights.

“Dubai Hills Estate, an elegantly designed smart city hub within MBR City, is one of the popular destinations today for residential end-users and investors. The development is fast coming to life, offering exceptional lifestyle choices for its residents,” says Al Matrooshi.

Furthermore, Emaar is also offering long-term investors and end-users the opportunity to register for the Emaar Preferred Access programme. Those who make a down payment of 30 per cent of the total value of the property and maintain ownership until handover is completed will be offered preferred access and the opportunity to own homes, subject to conditions, through this new customer-oriented initiative.

Emaar Properties is a global property developer and provider of premium lifestyles with a significant presence in the Middle East, North Africa and Asia. It has total assets of nearly $20 billion and a land bank of more than 238 million sq m in key international markets.

With a proven track-record in delivery, Emaar has handed over 38,600 residential units in Dubai and other global markets since 2001. It has over 690,000 sq m of recurring revenue-generating assets, and 12 hotels and resorts, with over 1,900 rooms. Today, 54 per cent of the company’s revenues come from its shopping malls, and retail and hospitality and leisure subsidiaries and international operations. Burj Khalifa, the world’s tallest building, and The Dubai Mall, the world’s largest shopping and entertainment destination, are among Emaar’s trophy developments.

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