Total consolidated revenue rose 64% to Dh148.1 million
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Emaar Development has taken possession of the land for construction of Beach Vista residences in Emaar Beachfront. Site mobilisation and enabling work has commenced with the hand-over of homes scheduled for the third quarter of 2021.
Emaar launched the sale of Beach Vista earlier this year. All 375 residences were sold out recording total sales worth about Dh1 billion.
Ahmad Al Matrooshi, managing director of Emaar Properties, said: "Emaar Beachfront's first residential launch, Beach Vista has been an overwhelming success recording strong investor response from the UAE and international markets. We are now commencing the construction of Beach Vista residences."
Residents will have access to a private beach and a wide range of leisure and lifestyle attractions.
Beach Vista homes are set in a twin-tower development of 33-storeys and 26-storeys.
In addition to residential facilities such as swimming pools, gyms and parking areas at the podium, there will also be several high-end retail outlets at the ground level.
Following the launch of Beach Vista, Emaar earlier launched Sunrise Bay, a new residential destination in Emaar Beachfront.
- business@khaleejtimes.com
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