Emaar Properties, Dubai-based developer, will be launching Rasha, a new villa extension in Arabian Ranches.
Real estate agents had confirmed to Emirates 24/7 of a briefing on the project on Monday.
A statement issued later by the developer said Rasha will have only 140 four- to six-bedroom villas and will reflect the architectural features of Spanish coastal villas.
The community will have a wide array of lifestyle amenities including a salon, dedicated grocery store, medical clinic, schools, and a day care centre for the young ones. It will also have several multi-cuisine food and beverage outlets.
Ahmad Al Matrooshi, Managing Director, Emaar Properties, said: “Led by the reputation of Dubai as a family destination, and supported by strong economic growth, the property market today witnesses increased demand for villas. The new ‘Rasha’ homes will appeal to families, who will become part of the stylish and relaxing lifestyle experience offered at Arabian Ranches, one of our first and fully-established neighbourhoods.”
Rasha is an addition to the Arabian Ranches extension, which also features Casa, Rosa, Palma, and Lila villas, all in various architectural styles.Emaar will launch sales for ‘Rasha’ simultaneously in Dubai and Abu Dhabi on February 1. Online registration for the sales in the two cities will commence on January 29, from 10am, at www.emaar.com.
Last week, Emaar launched Boulevard Point in Downtown Dubai, comprising 297 residences across a 63-storey tower.
Earlier this month, Emaar launched its second serviced residence project under the Vida brand in Downtown Dubai.
The project, Vida Residence Downtown Dubai, comprises 320 units, including one- to four-bedroom serviced apartments.
The 57-storey tower will be linked directly to Vida Downtown Dubai via an air-conditioned glass bridge, giving residents seamless access to the hotel.
“It is expected to be completed in 2018,” market sources said.
The developer also launched Lila, a Spanish themed-villa community, in Arabian Ranches.
The development will feature 219 villas in five different types, ranging from three to five-bedrooms, each with private plots for gardens and outdoor decks.
The villas are designed with low-pitched terracotta tiled roofs, overhanging eaves and wrought iron trimming, the company said.
Emaar chairman Mohamed Alabbar said in May last year that they will continue to launch new projects and properties in a regular basis, who then had dismissed talks on another bubble in the real estate market.