Agency report
 
Dubai, Jun 9: Construction of Old Town Island , a 26-hectare Arabian inspired island located at the heart of the Burj Dubai Downtown development, is progressing rapidly with its handover scheduled for June 2007. The developer of the project is the UAE-based Emaar Properties, the largest real estate company in the world by market capitalization.

Capturing the traditional charm of ancient Arabia and yet offering an luxurious and modern lifestyle, The Old Town Island is an exceptional way to experience downtown living at Burj Dubai. Its neighbourhoods boast a mixture of exquisite low-rise waterfront apartments, 35,000 square metres of retail in the style of a traditional souk, 8,000 square metres of boutique offices and a five star hotel.

“Ever since the launch of the first phase of the Al Tajer Residences at The Old Town Island, we have seen tremendous interest from buyers as it features some of the best views of the majestic Burj Dubai. The Old Town Island is where east meets west – traditional architecture blended with modern amenities,” said Bahiya Kayed, Assistant Director of Sales, Emaar Properties. Kayed added: “With construction rapidly moving ahead, buyers can see their dream home taking shape and the realisation of what this project will offer is fast becoming a reality.”

Demarcated into four sectors, Tajer (East), Al Bahar (North), Attareen (West) and The Palace (5-star hotel), The Old Town Island includes individually designed one, two and three bedroom apartments with living space ranging from 840 to 3,284 sq. ft.

With parking for tenants and guests underground, The Old Town Island is a car free zone allowing residents and visitors to make the most of the captivating alleyways and courtyards that epitomise the style of The Old Town Island. With shaded avenues, pedestrians can enjoy a host of amenities ranging from restaurants and cafes to boutiques and the traditional souk.