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Falak Properties embarks on AED one billion property development projects

United Arab Emirates: Wednesday, March 30 - 2005 @ 16:39

Westgate apartments – are the first phase of new developments comprising 6 mid-rise towers inside the community of Dubai Sports City. Each tower comprises Studio’s, 1 Bedroom and 2 Bedroom apartments with panoramic views of the golf course and waterfront park.

Dubai Sports City is the world’s first purpose-built, integrated sports city, a living concept that is inspired by the power of sport. Part of an overall 3.5 billion square feet Dubailand project that will see investments worth over AED 18 billion. Dubai Sports City will feature an 18-hole golf course, a cricket stadium and academy, rugby, football and track & field stadium, hockey stadium, indoor stadium, jogging/bicycle tracks, boulevards, restaurants, cafes, malls, cinemas, retail outlets, medical clinic and other services.

The project is located in Dubai Sports City and is a walking distance from a world class 18-hole golf course, sports academies, swimming pools, spas, fitness centres and state-of-the-art stadiums to count a few activities you can enjoy with your family.

Falak Properties have a planned outlay of development to the tune of AED 1 billion. The first phase (Westgate apartments) is evaluated at AED 500 Million in Dubai Sports City.

Speaking at the launch press conference Mr. Abdulrahman Falaknaz, Chairman, Falak Properties, said, “Westgate apartments are an opportunity to experience a truly unique living concept that will stimulate your senses with breathtaking views, surrounding greenry, lit waking trails, playgrounds, bike trails and children play areas to make it the perfect home for you & your family. Everything you need is in one place, international schools, sports academies and community clubs with full- time trainers. Westgate apartments offer you an unparalleled range of activities for all your family.”

The Westgate Apartments project has been jointly designed by ITD and QHC both experienced interior design consultants in innovative architectural design that offer a unique blend between the modern and natural. Every building is detailed to specific sport themes, making them distinct and yet harmonic to the overall concept of the project

“Recently previewed at the property show at Cannes the Westgate Apartments, won rave reviews & appreciation for the aesthetics & architectural design. We are pleased to offer this truly international class community living to investors & buyers both in the UAE, Middle East and the world over. To make it easy for our customers we have partnered with Asteco UAE’s largest property management company, as world wide selling agents. Our partners also include Amlak finance, part of the Emaar group which will offer easy payment terms & finance for this project” continued Mr. Falaknaz.

“The Dubai property market is booming with strong growth experienced in the emirate in the construction and real estate sectors over the last four years. Dubai is fast becoming the real estate hub of the world, with real estate projects coming up on almost a daily basis. This is the best time to buy property in Dubai not only to enjoy truly world class living conditions but also as a good investment proposition. We are pleased to be associated with this project and ensure that interested customers get a chance to own their dream property right here in Dubai.” stated Mr. Amid of Almlak Finance (PSJC).

Falak Properties Westgate apartments offer an unparallel range of activities for the family. Secure & gated community that features a variety of schools, parks, mosques and recreational facilities in addition to its proximity to entertainment, shopping & dining.

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Wednesday, March 30- 2005 @ 16:39 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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