National Prop breaks ground on Flamingo Creek
Dubai, April 6, 2008
National Properties, the wholly-owned real estate subsidiary of National Bonds Corporation, broke ground for Flamingo Creek, the first low-rise, low-density, residential community to commence construction within The Lagoons master development at Dubai Creek.
Flamingo Creek is the third freehold project offered by National Properties.
The project comprising 244 villa-style apartments and townhouses marks the entry of National Properties into the luxury residential market.
Conceived as a sanctuary of serenity and natural beauty set amidst the unique environment of Dubai’s famed creek, Flamingo Creek will also offer a rich and varied lifestyle with access to world class education, retail, leisure and entertainment facilities, including the famed Dubai Opera House.
Adel Lootah, CEO, National Properties; Abdulsalam Almarri, CEO of The Lagoons; Mohammed Qassim, CEO, National Bonds Corporation, Buti Al Jumairi, Chief Financial Officer, National Bonds Corporation and senior management of National Properties attended the ground breaking ceremony held at the project site in The Lagoons.
Adel Lootah, CEO of National Properties said that Flamingo Creek will add a new dimension to life in a fast expanding city like Dubai. “As cities expand and grow, the longing for serene spaces also grows stronger. Flamingo Creek will be such a haven spread over 500,000 square feet, offering all the comforts of city life along with the charm and elegance of nature.
“A development that is in perfect harmony with nature is always a delight as well as a challenge from the design and construction perspectives. It calls for great finesse and differentiation in design and construction as it is targeted at customers with well-defined tastes,” Lootah added.
Abdulsalam Almarri, CEO of The Lagoons said: “The Lagoons is envisaged as a distinctive landmark in Dubai’s property sector, given its incomparable location and unparalleled components. National Properties’ focus on a luxury project complements the ethos of The Lagoons and adds yet another unique dimension to the master-project. We are confident National Properties will deliver an architectural master-piece.”
Reiterating its commitment to bringing in the best construction expertise and resources to offer premium residences of exceptional value and quality, National Properties named Al Meraikhi General Contracting as the main contractor for the oproject.
Its previous offerings – Skycourts in Dubailand and Sulafa Towers in Dubai Marina – evoked an excellent response from the multinational community of home buyers in the UAE. The company will be announcing the sale of Flamingo Creek shortly.-TradeArabia News Service