Source: www.middleeastevents.com
Al Khobar Lakes, the premier waterfront development by Emaar Middle East, the subsidiary of Emaar Properties PJSC, has won the ‘Best Retail Project’ honour at the Saudi BuildInfra Awards 2011, organised as part of the Saudi Arabian Building and Infrastructure Summit held in Riyadh recently.
Emaar Middle East, received the award from Sheikh Abdulrahman Ali Al-Jeraisy, Chairman of the Board, Riyadh Chamber of Commerce and Industry at the award ceremony.
Al Khobar Lakes is a picturesque development set amidst serene water bodies, and is the largest of its kind integrated community in the Eastern Province of the Kingdom. The first two residential villages in Al Khobar Lakes – Al Nada and Al Ghadeer – were launched to overwhelming home buyer and investor response. Work on the first phase of homes is nearing completion and will be handed over shortly.
Mr Ahmad Al Kulli, General Manager, Emaar Middle East said: “The Saudi BuildInfra Award for Al Khobar Lakes is a reiteration of the world-class build quality that Emaar Middle East brings to its master-planned communities in the Kingdom. All aspects of the development, designed by international architects, have been planned and executed to the highest global standards and will assure a new lifestyle for residents.”
Evaluated by a panel of industry experts the Saudi BuildInfra Awards 2011 recognise the best in class developments in the Kingdom. The Awards highlight the excellence and strategic initiatives in the field of infrastructure creation and development in Saudi Arabia.
Al Khobar Lakes offers the superior location advantage of being near to three key cities in the Eastern Province, only 30 minutes away from the airport and close proximity to Bahrain. The community provides a safe and secure lifestyle environment with abundant greenery and lifestyle amenities such as community centres, a health club and a large retail centre.
Emaar Middle East is also developing Jeddah Gate, a mixed-use project featuring residential units; commercial units; and 75,000 sq m of gross leasable area for retailers, in the Kingdom. The sale of Abraj Al Hilal, a cluster of three high-rise residential towers within Jeddah Gate, gained strong home buyer and investor response.
Another key development of Emaar Middle East in the Kingdom is the Emaar Residences at the Fairmont Makkah, located directly on the Haram Plaza. The serviced residences are offered on a leasehold basis and range in size from 40 sq m for a thoughtfully designed studio to 160 sq m for a comfortable three-bedroom residence.
