Umm Al Quwain, UAE, January 12, 2007: Sheikh Maktoum Bin Rashid Al Mualla, Director – Office of the Crown Prince of Umm Al Quwain, yesterday, inaugurated the Presentation Center of Umm Al Quwain Marina. The AED 12 billion (US$3.3 billion), project is developed by Umm Al Quwain Marina LLC, a joint venture between the government of Umm Al Quwain and Emaar Middle East.
Opening the Presentation Center, Sheikh Maktoum said that Umm Al Quwain Marina marks the start of a new era of economic prosperity for the emirate and having Emaar as the joint venture partner will ensure the creation of a world-class development.
Umm Al Quwain Marina will feature over 8,000 homes, boutique hotels, retail outlets and recreational facilities set in a marina-themed environment. Potential home-owners can own a dream home by visiting the Presentation Center from 10am on January 13, 2007. On sale are Mistral villas, a series of Spanish and Portuguese-styled homes. The two-storey, three- to four-bedroom villas are 3,458 to 4,311 sq ft in size with prices starting at AED 2.04 million.
“Umm Al Quwain Marina is a perfect fit to the growth strategies of the emirate, and with the opening of the Presentation Center, these plans are taking concrete shape. We are confident that the project will boost the local economy,” said Sheikh Mohammed Bin Rashid Al Mualla, Chairman of Umm Al Quwain Marina LLC.
Mr Ahmad Al Matrooshi, UAE Managing Director, Emaar Properties and Member of the Board of Directors of Emaar Middle East, said: “The early investor response is very encouraging. With Umm Al Quwain Marina, we are creating a truly world-class development that will boast the same standards of our Dubai projects.”
“Potential home-owners can get a true feel of the Mistral villas at the Presentation Center,” added Mr Al Matrooshi. “Sales representatives will guide them through the various features of the villas and assist in the sales process.”
The Umm Al Quwain Marina is spread over 2,000 acres of land and features 450 acres of navigable water area. For more information, call toll-free number: 800-EMAAR.
