Dubai, UAE; June 1, 2008: Emaar Morocco, the country subsidiary of Emaar Properties PJSC, is launching the sale of exquisite beachfront villas and forest-fringing townhomes located within its Tinja master-planned community at a special sales event in Dubai. Open to all nationalities, the sale on June 4, 2008, at the Downtown Living Sales Centre showcases a range of Aldea homes, which mark the first phase of Tinja.
Tinja is being developed as part of the AED 19.6 billion (MAD 43.5 billion; US$5.34 billion) Memorandum of Understanding (MoU) that Emaar Morocco signed earlier with the government under the patronage of His Majesty King Mohammed VI, King of Morocco. The 300 hectare (3,000,000 sq m) development is near Tangiers, and easily accessible from the Ibn Batouta International Airport. Tinja is on the oceanfront and in close proximity to natural forests and an estuary, and features 2,500 homes, 600 hotel rooms and retail outlets.
Aldea is a fully integrated residential community within Tinja offering residents the lifestyle experience of living along the Atlantic Ocean coastline, with equitable climes prevailing all through the year. The community features a beach clubhouse and community centre with retail outlets and health & fitness facilities. Lush landscapes with walkways, parks and a range of F&B outlets add to the quality of living. While the villas maximize their beachfront location, the townhouses offer an array of equestrian facilities for residents given the proximity to natural forests.
Mr Issam Galadari, Managing Director, Emaar International, said: “Morocco is one of the fastest growing markets in the region, and an ideal investment destination given the huge growth potential of the Kingdom’s tourism sector. Tinja builds further on the tourism appeal of Tangiers, and creates a robust economic and lifestyle environment that will appeal to investors from the GCC region and international markets. The sale in Dubai is specifically held for the benefit of Moroccans in the UAE and for international investors looking for growth opportunities in the Kingdom.”
Mr Yves Delmar, Chief Executive Officer, Emaar Morocco, added: “Tinja has set new trends in tourism-driven property development given its focus on creating an integrated neighbourhood. The natural ambience of Tinja is unparalleled: Within the same project, there are beachfront villas and town houses that line natural forests. We launched resort-style residences in Tinja last year to strong investor response in Morocco. The Dubai sale will further complement our efforts to take Tinja homes to a wider audience.”
The Aldea villas come in six types and are designed in a staggered fashion to maximize beachfront views and offer greater privacy for residents. Specific units have their own infinity edge private pool and shaded patio deck with landscaped steps leading to the beachfront. Other features include recreational areas, such as swimming pools and children’s play areas. The Aldea homes have fully fitted kitchens, heating and air conditioning, double glazed windows, fenced gardens, garages, terraces and pergolas. The gated community offers 24-hour security.
Potential customers can visit Downtown Living Sales Centre within the Downtown Burj Dubai community on June 4 from 10am to 6pm. They can also call toll-free 800-EMAAR (36227) or log on to www.emaar.com/morocco for more details.
Emaar Morocco is one of the largest foreign direct investors in Morocco with projects of development value US$6.867 billion (MAD 56 billion) through strategic partnerships with the Moroccan government and Onapar. Through the MoU with the government, Emaar is developing Saphira, Tinja and Oukaimeden – three world-class residential communities with tourism and retail components. Emaar Morocco has joined hands with Onapar to develop Amelkis II and III and Bahia Bay - of development value US$1.527 billion (MAD 12.4 billion).
