Emaar Properties will open the Yansoon Quarter, the Phase 1 of Old Town in October.

The Quarter, the first of three Arabian-inspired developments at the project, is 94 per cent complete.
Zaafaran Quarter and Reehan Quarter, two other projects at the Old Town development in Burj Dubai Downtown, will be ready for occupancy in 2007.
Old Town is a uniquely pedestrian-friendly residential offering that integrates inspirational Arabian architecture in a modern setting. Close to Burj Dubai – slated to be the tallest tower in the world when completed in 2008 – Old Town will offer a new lifestyle choice for its residents in the heart of Dubai’s most prestigious address.
“Work on Yansoon Quarter has been moving on a fast-track and buyers can check into their apartments in October 2006,” says Emaar Properties assistant sales director Bahiya Kayed. “As the first development of its kind in Dubai, apartment owners at Old Town can enjoy an exclusive lifestyle in an elegant setting reminiscent of the rich Arab heritage.”
Yansoon features 357 one- to four-bedroom apartments of varying configurations The one-bedroom apartments range from 784 sq ft to 1,000 sq ft, beginning at Dh1.1 million ($300,000). Two-bedroom units are from 1,210 sq ft to 2,038 sq ft, beginning at Dh1.6 million ($435,000).
With a building area spread over 3.7 million sq ft, Old Town features courtyard apartments and suq-styled retail facilities recreating the mystical world of ancient Arabia.
Emaar has joined hands with the National Bank of Ras Al Khaimah (Rakbank) to offer finance mortgage for the remaining apartments within Yansoon Quarter and other Old Town projects.