KHOBAR - Emaar Middle East has recorded sell-out response to the sales launch of Al-Nada, the first residential village within Al-Khobar Lakes, which started on May 14. The first few hours of sale saw record homebuyer and investor turn-out with all villas offered for sale being sold. Customers chose from an array of three- to six-bedroom villas in the integrated residential community. Al-Nada is the first of nine residential villages that will be launched soon in the first phase of Al-Khobar Lakes. Al-Nada occupies 250,000 sq m of area within the 2.6 million sq m first phase of Al-Khobar Lakes. The village features 242 elegant villas with residents having direct access to a 13,000 sq m lake. Alaa Abdullah Saed, chief executive officer, Emaar Middle East, said the sell-out customer response for Al-Khobar Lakes highlights its appeal as a unique residential destination that meets of the requirements of Saudi families. The villas offer total privacy to residents while also ensuring close proximity to various lifestyle amenities - all set around serene lakes and wide green areas. He added: “We are thankful to customers for their interest in Al-Nada residential village and Al-Khobar Lakes. Emaar Middle East is committed to finishing the project on schedule in the second half of 2010. Work is on course to start in the next few weeks with several contracts being awarded for various aspects of the construction.” The SR4.6 billion ($1.2 billion) first phase of Al-Khobar Lakes is one of the largest master-planned communities in the Eastern Province. Amenities include eleven mosques including a Grand Mosque for Friday Prayers, two separate schools for boys and girls, healthcare facilities, a shopping center, a community centre that includes a recreation club, swimming pools, nursery/kindergarten, convenience retail, public area, and food & beverage outlets Al-Khobar Lakes is located in close proximity to Al- Khobar City, Dhahran and Dammam, and can be accessed conveniently from two highways, Dhahran-Beqaiq Highway and Abu Hadria Street which connects to Bahrain, Al-Khobar, Dammam and Riyadh. Al-Khobar Lakes is only 43 km from King Fahd International Airport. Emaar Middle East recently launched Jeddah Gate, a SR6 billion ($1.6 billion) mixed-use project currently under construction. Located in the heart of the city and positioned along King Abdullah Road, Jeddah Gate comprises 6,000 residential units, retail and commercial space, pedestrian walkways and landscaped plazas, and other amenities. __
