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Al Manal Development Invests AED 300 Million on Landmark Property Development in Jumeirah Lakes - Al Manal Development is investing AED 300 million on its flagship residential project in Jumeirah Lakes called The Lakeside Residence
Al Manal Development Invests AED 300 Million on Landmark Property Development in Jumeirah Lakes

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2006/03/23 - Al Manal Development is investing AED 300 million on its flagship residential project in Jumeirah Lakes called The Lakeside Residence.

   
 
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Al Manal Development is investing AED 300 million on its flagship residential project in Jumeirah Lakes called The Lakeside Residence. The 35-storey project boasts 358 elegantly designed freehold apartments incorporating advanced intelligent Features.

“As this is our flagship project, we invested substantial resources in ensuring that we have a truly exceptional offer to property investors and end-users,” said Juma Ahmed Majid Al Ghurair, Chairman, Al Manal Development. “From the building’s intelligent design features and elegant interiors to its exceptional facilities and amenities, we only had perfection in mind.”

The Lakeside Residence is the first of a series of property development that Al Manal Development is going to launch near future, Al Manal Development projects has generated a lot of excitement in the property market. Analysts monitoring the industry are confident that Al Manal Development, with its considerable financial resources backed by funding from reputable financial institutions, will be able to deliver on its commitments.

Al Manal Development commissioned renowned architects Cadiz International and local Architect Khatib & Alami to design the property that reflects modernity and stylish elegance and optimizes space with aesthetic elevation and landscaping that gives The Lakeside Residence a truly unique presence in Jumeirah Lakes.

“The Lakeside Residence offers a choice between one-bedroom and two-bedroom units with prices starting from just a little over AED600, 000 – an exceptional value given its world-class features and amenities,” added Al Ghurair. “Investment options have been arranged with Mashreq bank to help investors and end-users own a piece of this exciting freehold property.”

Through the collaboration with Mashreq bank, Al Manal Development will provide attractive arrangements for their clients through a flexible financing program called “FLEXI HOME”. By using ‘FLEXI HOME’ customers can own a 1-bedroom apartment by paying 5% of its value as a down payment and the rest can be paid through comfortable installments starting from Dhs 2,600 per month.

Other features at Lakeside Residence include an electronically monitored security system, high-speed elevators, American-style kitchens, ensuite bathrooms, built-in wardrobes, high-end ceramic tiling, ambient lighting and a balcony in every apartment. There is also a large recreation center with gymnasium as well as an infinity swimming pool. Residents and guests will be greeted by a well-appointed lobby, and can conveniently park in the basement parking.

Al Manal Development will be cooperating with Asteco Real Estate in Marketing the LakeSide Residence.
The Lakeside Residence offers residents the convenience and comfort of a master-planned community with gardens and recreational areas, lakes, a shopping arcades, peaceful and pleasurable living within a progressive community.

Construction on The Lakeside Residence will begin in April of this year, and will be completed in 2008.

 
 
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Al Manal Development Invests AED 300 Million on Landmark Property Development in Jumeirah Lakes

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