Dubai, UAE; November 23, 2006: Emaar Properties has unveiled the second phase of its serviced apartment project, Burj Dubai Lake Hotel, located on the 3.5 km long boulevard at Downtown Burj Dubai. Amlak Finance is offering easy finance options to own an apartment in the 63-storey complex, scheduled to open late 2008.
Burj Dubai Lake Hotel is a residential cum hospitality component of the AED 73 billion (US$20 billion) Downtown Burj Dubai, which encompasses Burj Dubai, billed to be the world’s tallest tower when completed; The Dubai Mall, the world’s largest shopping and entertainment destination; and several other residential, leisure and commercial elements.
“The first phase of Burj Dubai Lake Hotel, launched late-2004, was a sell-out success,” said Ms Bahiya Kayed, Assistant Director of Sales, Emaar Properties. “The launch of the second phase is in tune with the burgeoning demand for serviced apartments in the region and is an ideal opportunity for investing in the sector. Its central location in Downtown Burj Dubai also makes it a perfect home that has all the conveniences of serviced apartments.”
Burj Dubai Lake Hotel is situated next to The Old Town residences and The Dubai Mall. Residents will be provided access to - and the use of - the resident’s lounge, swimming pool, gymnasium, children’s club, business centre, in-house dining, valet service, prayer room and spa and health club, attached to the hotel, subject to compliance of hotel regulations and payment for added-value services. Three levels of parking will also be shared by the hotel and serviced apartments.
“Amlak Finance is offering 96 per cent financial support to investors and home owners for Burj Dubai Lake Hotel,” said Mr Khalid Zainal, Head of Sales and Distribution, Amlak Finance. “Downtown Burj Dubai will be one of the most vibrant destinations in Dubai and being a serviced apartment, investors in Burj Dubai Lake Hotel will have the option of securing high returns that stems from a huge demand for quality accommodation. Demand is expected not only from leisure travellers but also from entrepreneurs and business professionals.”
Burj Dubai Lake Hotel has a limited number of fully furnished studio and one-, two-, three- and four-bedroom serviced apartments. “Residents can enjoy great views of the Downtown Burj Dubai development and be part of a bustling downtown lifestyle with several leisure and entertainment options,” added Ms Kayed.
Potential investors and home owners can discover the Burj Dubai Lake Hotel living experience by visiting the Downtown Burj Dubai sales centre. Sales staff from Emaar and Amlak will assist in the pre-registration process on November 24 and 25 with the launch set for November 26, 2006. They can also call toll-free number 800-EMAAR or 800-AMLAK for more information.
Emaar’s flagship project, Downtown Burj Dubai has commercial, residential, hotel, entertainment, shopping and leisure outlets. Other components include The Old Town, The Old Town Island, Burj Views, Burj Dubai Boulevard, The Residences, The Boulevard Crescents, The Lofts and Loft Towers, 8 Boulevard Walk, South Ridge and Burj Views.
