Dubai Properties has announced the Dubai launch of Al Waha Villas, a AED 745-million (c. €134m) freehold Mediterranean style residential community located in Dubailand, the world's most ambitious tourism, leisure and entertainment theme park.
The Waha Villas project made its worldwide debut during Dubai Properties' recent two-month long summer promotion at Harrods, London's prestigious department store, where it generated AED 150-million in investments and sales. The project was also showcased at the elegant Ritz Hotel in Paris last week, as part of Dubai Properties' European initiative to extend the reach of its global presence, promote its signature projects to an international audience, and gains international investors' interest in Dubai.
The project consists of 260 Mediterranean style townhouses within a luxurious enclave. The development is scheduled for completion within eight months by the middle of 2008.
Mohamed Binbrek, CEO of Dubai Properties, said, "The Al Waha Villas will set a new benchmark in luxury accommodation. Designed with quality and creativity in mind, the villas will provide a unique community lifestyle in 2-, 3-, and 4-bedroom villas, surrounded by lush landscape and greenery. The gated serene development will also feature a club house and community swimming pool."
Properties for sale at Al Waha Villas will range from 3,944 ft² for a four-bedroom villa to 3,621 ft² for a three-bedroom villa and 1,785 ft² for a two bedroom villa. All properties will include one or two parking spaces, balconies, and terraces.