Emaar 'The Hills' launch today

Emaar Properties, Dubai’s largest developer, is all set to launch ‘The Hills’ development, Emirates 24|7 can reveal. 

The company will be making a public announcement, industry sources said, adding agent's preview will take place today  (June 5). 

Though no more details were available, sources said the project may be developed in the Emirates Living area.

In December, Emaar Properties and Dubai Holding launched Dubai Hills, a gated community with luxury residences, the first residential project as part of the MBR City.

The homes will be built around a new 18-hole championship golf course and will include plots of 20,000 to 30,000 square feet.

The Dubai Hills development is located between Emirates Road and Al Khail Road.

In July last year, Emaar Properties bought a plot of land beside its Arabian Ranches development from Dubai Properties Group. The developer has already launched Casa and Mira projects in Dubailand.

On June 1, Emaar commenced sales of sales of Burj Vista II, the second tower of the twin-tower development in Downtown Dubai.

Located on Mohammed Bin Rashid Boulevard, Burj Vista consists of two identically designed towers.

The 65-storey tower, comprising 520 apartment, was launched in April with apartments selling for an average price of Dh2,000 per square feet. Burj Vista will be completed in June 2017.

Emaar Chairman Mohammed Alabbar said earlier they would continue to launch new projects and properties on a regular basis.

“Emaar does launches every week, that’s our strategy. I see very strong demand for the middle and upper property markets, providing the flipping activity is controlled of course,” he said at the Global Business Forum Africa.

Deutsche Bank has said property prices in Dubai witnessed a 6.2 per cent growth in the first three months of 2013 with the real estate recovery continuing for 16 consecutive months.

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