By Parag Deulgaonkar

Emaar Properties has priced townhouses within the Alma 2 cluster in Arabian Ranches in the range of Dh1.4 million to Dh2.2 million, Emirates 24|7 has learnt.

Arabian Ranches (Patrick Castillo)
Arabian Ranches (Patrick Castillo)

The 62 units were offered exclusively to owners and renters in the master community.

“We were informed by one of the company staff that over 150 people had registered their interest in buying the property,” an Arabian Ranches owner, who attended the event, said.

“The completion date informed to us was May 2014,” he added.

Emaar did not respond to questions sent by Emirates 24|7.

Alma Townhomes 1 is a Spanish influenced single-family attached villas (townhomes) with units ranging between 2,436 square feet and 3,153 square feet.

This website had reported earlier that Emaar was poised to announce its second development this year – a townhouse project in Arabian Ranches — following the launch of its Panorama project in the Greens area.

The project will have two and three-bed townhouses, with the likelihood of the current owners of Arabian Ranches being given the first option to buy these properties, market sources said.

Emaar had not yet responded to questions at the time of publication of the article. More info