Emaar Development has announced the launch of Saffron, the first townhouse community in its master-development Emaar South. The new community offers three- and four-bedroom townhouses linked to an 18-hole championship golf course promenade through walkways. It will feature amenities including swimming pools, indoor and outdoor play areas, barbecue areas, lawns, a health and fitness facility and a clubhouse. Emaar South is a 7,000 sqm JV with Dubai South that was launched in 2016. It is planned to feature townhouses, villas and apartments, along with walking and bicycle trails and a public transport network. Our numbers incorporate new sales of AED829mn from Emaar South in 2018 and AED6.4bn in 2018-22e. 

Emaar Development (DU): AED5.30 as of 26 Feb. 2018, Rating: Buy, TP: AED7.20/share, MCap: USD5,777mn, EMAARDEV UH/EMAARDEV.DU