Emaar, Meraas launch Maple 2; sales begin

Dubai-based Emaar Properties and Meraas Holding will commence sales for the second phase of Maple townhouses in the 2,700-acre Dubai Hills Estate in the Mohammed Bin Rashid City (MBR City) from Saturday.

“Maple 2 townhouses will focus on green living. The extensive green landscapes and natural trails make it the first choice for end-use homeowners and customers who seek long-term value,” Ahmad Al Matrooshi, Managing Director of Emaar Properties, said.

Phase two of the project will have 666 contemporary-styled townhouses, ranging from 2,200 to 2,700 square feet, with prices starting from of Dh1,999,888 for a three-bedroom unit, the company said.

Three-bed townhouses in Maple 1, launched in April 2015, are currently listed for sale on online property portals for Dh2.2 to Dh2.25 million.

The break up for the payment plan, as shared by Emaar listed brokers with ‘Emirates 24|7’, is as follows: 10 per cent on booking (October 24) followed by payment of 10 per cent each in March and July 2016; 10 per cent each in January and September 2017; 10 per cent each in January and August 2018 and the final 30 per cent payable in September 2019 on completion.

Residents of the project will have access to high-end retail, two hotels, a tennis academy, an 18-hole championship golf course, cafes and restaurants and several parks and natural trails.

Sales will be on a first-come, first-served basis in Dubai and Muscat. Investors who make a down payment of 30 per cent of the total value of the property and maintain ownership until hand-over is completed will be offered preferred access and the opportunity to own homes, subject to conditions, the developer said.

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