Oct. 4 (Bloomberg) -- Emaar Middle East, a unit of Emaar Properties PJSC, will hand over villas in Al Nada Village by year end after missing its second-quarter 2010 completion target, said General Manager Ahmad al-Kulli.
“The final touches to the homes and landscape are currently being undertaken,” he said in a statement today. The villas are part of the $1.3 billion Al Khobar Lakes development.
The project in the kingdom’s eastern province was started in May 2008. Al-Kulli in June blamed delays of the Al Khobar Lakes and other Emaar Middle East projects such as Jeddah Gate and the King Abdullah Economic City on bureaucracy.
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