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Umm Al Quwain Marina breaks ground for first phase of residences
(The Middle East and North Africa Business Report (Amman, Jordan)(KRT) Via Thomson Dialog NewsEdge) Jul. 19--Umm Al Quwain Marina LLC, the joint venture between the government of Umm Al Quwain and Emaar Middle East, has broken ground for the first phase of residences with the AED 12 billion (USD3.3 billion) Umm Al Quwain Marina development located by the scenic Khor Al Beidah natural lagoon.
Mr Ahmad Al Matrooshi, UAE Managing Director, Emaar Properties and Member of the Board of Directors of Emaar Middle East, and other dignitaries attended the ground-breaking ceremony.
Mr Al Matrooshi said: "Umm Al Quwain Marina is the pioneering master-planned community in the emirate creating a new benchmark in lifestyle property development. We are thankful to the government of Umm Al Quwain for their continuous support in executing this project. Umm Al Quwain Marina will support the governmental initiatives in establishing a new direction of growth for the property sector."
The Mistral community, the first phase of homes at Umm Al Quwain Marina, comprises single-family detached villa homes ranging in size from 3,458 to 4,311 sq ft. Amenities include schools, supermarkets, mosques and community centres set amidst landscaped gardens and pedestrian pathways that lead to an open beach and town centre. Residents can also access a range of Marina-based activities.
Mr Al Matrooshi added: "The Mistral homes, launched earlier this year, have attracted positive sales response. The proximity of the villas to the Marina and the various lifestyle amenities available for residents make Umm Al Quwain Marina a true value proposition for investors."
Emaar Middle East has selected a team of industry leaders to spearhead each major development area of this first phase: global architectural firm HOK have master planned the development, Al Wasl Al Jadeed serve as lead consultant and Arabtec as the main contractor for the Mistral villas. The 2,000-acre Umm Al Quwain Marina development, which features 23 km of waterfront and 450 acres of navigable water, will also include town homes, boutique villas, retail outlets and recreational facilities.
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