(MENAFN - Khaleej Times) Emaar Properties on Saturday announced another project in Downtown area and said sale of The Address Residence Fountain Views will be started in a week.
The Address Residence Fountain Views marks the first launch of residential property by the global property developer in 2013.
This follows the overwhelming response to the launch of serviced residences in The Address The BLVD, also in Downtown Dubai, and premium villas in Arabian Ranches, highlighting the robust performance of the city's property sector led by all-round economic growth.
The developer of iconic real estate assets claimed that this is the first exclusive serviced residences in Downtown Dubai. The property giant announced that the public launch will be on January 26 and prior online registration will commence on coming Tuesday.
With Downtown Dubai hosting over 60 million visitors to become the world's most visited destination, the new dedicated serviced residences are a distinctive investment opportunity, billed to be a home for the city's residents and a second home for tourists from around the world, who wish for short or long stays in Dubai, Emaar said in a statement.
"With the launch of The Address Residence Fountain Views, Emaar's first exclusive serviced residences' development in Downtown Dubai, we are offering the city's residents and visitors the choice of being part of one of the world's most dynamic communities," Emaar Properties managing director Ahmad Al Matrooshi said.
An integral part of the expansion of The Dubai Mall, The Address Residence Fountain Views is directly linked to the world's largest shopping and entertainment destination, with all residences also opening to spectacular views of Burj Khalifa, the world's tallest building, and The Dubai Fountain, the world's tallest performing fountain. Offering an unparalleled lifestyle choice, The Address Residence Fountain Views is a 55-level dedicated serviced residences development.
With only 280 residences, all to be serviced by the professional team of The Address Hotels Resorts, the newest lifestyle development in Downtown Dubai offers investors the choice of spacious 1, 2, 3-bedroom, and 4-bedroom apartments.
"In addition to the significant location advantage of being in the heart of the city, residents will have the advantage of enjoying the world-class service offered by The Address Hotels Resorts, Emaar's own hotel brand, and the convenience of directly accessing The Dubai Mall," Al Matrooshi said.
The lifestyle buzz of Downtown Dubai, highlighted by the year-round calendar of cultural and entertainment events, will further add to their quality of life, he said, adding that the opening of the metro link connecting the Downtown Dubai to the Dubai Metro station, further enhances connectivity.
Downtown Dubai was one of the most sought-after communities for residential sales as well as leasing in 2012, as cited by several property sector reports. The 500-acre community, a must-visit tourist attraction, was also in the global spotlight by welcoming more than 1.7 million visitors - one of the highest number of people at a single event globally " for the Downtown Dubai New Year's Eve Gala.