Emaar Bawadi, the joint venture between Emaar Properties and Bawadi, a member of Tatweer, has launched Teema, the first residential community in Asmaran, the 70 million sqft master-planned project being developed within the Dh200bn hospitality project Bawadi.
Teema will have 308 town houses and will be by a retail facility and a community centre. Sales will begin from May 20, just seven months into announcing the multi-billion joint venture. The residential community will have pedestrian areas and master-planned infrastructure apart from a retail centre, mosque and school.
Within its development, Teema will have green landscape and walkways, in close access to several community amenities. Teema homes comprise a mix of duplexes and two- and three- bedroom villas. The homes have all been fitted with elegant Spanish architectural features with the apartments having a built-area in the region 1,780 to 2,800 sqft. Construction on the project will begin shortly.
Arif Mubarak, CEO of Bawadi, said: “Teema is the first of the homes to be developed within Asmaran, which will eventually have more than 55,000 residents and 19,000 homes. Teema town houses mark the starting point of community living within Asmaran, and home owners can look forward to a distinctive lifestyle rich in leisure and entertainment amenities.”
Naaman Atallah, Chief Executive Officer, Emaar Bawadi, said: “Teema is located in close proximity to commercial and leisure facilities, and will be an ideal place to live and work. With Teema, Emaar Bawadi is developing an integrated residential community featuring extensive day-and-night leisure and entertainment facilities. It assures residents the dual benefits of accessing the leisure amenities within Bawadi while living in a quiet and elegantly planned neighbourhood.”
When completed, Asmaran will have a family-oriented theme park with a wide range of attractions; four million sqft of commercial space; a mall with gross leasable area of three million sqft and several retailers; more than 5,300 serviced apartments, and nine world-class hotels with more than 5,150 keys. Interconnectivity among its various components is a highlight of Asmaran, which is located in close proximity to the largest hotel in the world with 6,500-keys.