Babil - Dh 50bn residential development from Dubai Properties
Wednesday, September 10, 2008
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During an exclusive event held in Paris recently, Dubai Properties showcased sale of its latest residential development, 'Babil', worth Dh.50bn, at Culture Village.
This uniquely designed six storey residential building, offers 159 residential units in an old souq area. The event highlighted the key aspects of Babil, and invited high-end European investors as audience at the Ritz Hotel in Paris.
The event follows the successful launch of the development at Harrod's in London, where Babil had drawn considerable investor interest.
Culture Village spans over 40million square feet, featuring vast open spaces, traditional wind towers, unique sculptures, cobble stone walkways, waterways topped with bridges, restaurants, creek side souks, cafes, amphitheatre for live performances and cultural festivals, exhibition hall and museums.
The development also includes serene residential communities, vibrant commercial and retail sectors, schools, academic institutions, art colleges and learning centers for dance and crafts.
The main focus is the 215-suite Palazzo Versace Dubai, which sprawls over 429,509 square feet of prime land, comprising 220 condominiums, spa, restaurants, and 204 luxury villas furnished with an exclusive line of products from Versace Home Collection.
A premium waterfront development, with unobstructed views of the Creek, the resort is scheduled for opening in 2009.
Dubai Properties includes a wide portfolio of residential, commercial and mixed-use developments such as the Business Bay, Jumeirah Beach Residence, The Villa and Tijara Town.
This uniquely designed six storey residential building, offers 159 residential units in an old souq area. The event highlighted the key aspects of Babil, and invited high-end European investors as audience at the Ritz Hotel in Paris.
The event follows the successful launch of the development at Harrod's in London, where Babil had drawn considerable investor interest.
Culture Village spans over 40million square feet, featuring vast open spaces, traditional wind towers, unique sculptures, cobble stone walkways, waterways topped with bridges, restaurants, creek side souks, cafes, amphitheatre for live performances and cultural festivals, exhibition hall and museums.
The development also includes serene residential communities, vibrant commercial and retail sectors, schools, academic institutions, art colleges and learning centers for dance and crafts.
The main focus is the 215-suite Palazzo Versace Dubai, which sprawls over 429,509 square feet of prime land, comprising 220 condominiums, spa, restaurants, and 204 luxury villas furnished with an exclusive line of products from Versace Home Collection.
A premium waterfront development, with unobstructed views of the Creek, the resort is scheduled for opening in 2009.
Dubai Properties includes a wide portfolio of residential, commercial and mixed-use developments such as the Business Bay, Jumeirah Beach Residence, The Villa and Tijara Town.
Labels: Cultural-Village, Real Estate Projects, Residential
Sunland rejoices over successful sale of Nur residences within weeks of launch
Friday, August 15, 2008
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The Sunland group has successfully sold about 86 percent of their 'Nur' residences, within two months of launch. This implies that about 165 out of the 191 single and double bedroom apartments, worth Dh.592.88mn have been successfully sold by the group.
The Arabic translation of 'Nur' meaning 'light' is a 27 storey boutique residential tower located within the Culture Village, facing the Gardens of Goodwill. Launched on 10th June 2008, only 26 of the apartments remain for sale.
The apartments of Nur range from 767 square feet for a single bedroom apartment, to 1412 square feet for a double bedroom, with additional space for private balconies. The development has two penthouses, split over level 26 and 27 of the tower.
The residents can enjoy exclusive amenities located on the fourth floor, including an outdoor private swimming pool, which stretches across 20 meters, landscaped outdoor gymnasium and terrace. The prices at Nur begin with Dh.2mn for a fully furnished single bedroom apartment.
The Managing Director and Founder of Sunland Group, Suhail Abedian, pointed out that the demand for the Nur residences have been quite strong, ever-since the talk about the development began during its inception stages. A lot of young professionals and families have shown interest in the development with local and Middle Eastern investors.
The development, worth Dh.725mn, is the third scheme in Dubai by the Sunland Group, and is a proof of the growing success of the developer's expansion within the UAE, owning a local portfolio of more than Dh.13bn.
The success of Nur, follows the earlier launches by the developer, such as the D1 and Palazzo Versace, both of which are also in Culture Village.
The Sunland group has successfully sold about 86 percent of their 'Nur' residences, within two months of launch. This implies that about 165 out of the 191 single and double bedroom apartments, worth Dh.592.88mn have been successfully sold by the group.The Arabic translation of 'Nur' meaning 'light' is a 27 storey boutique residential tower located within the Culture Village, facing the Gardens of Goodwill. Launched on 10th June 2008, only 26 of the apartments remain for sale.
The apartments of Nur range from 767 square feet for a single bedroom apartment, to 1412 square feet for a double bedroom, with additional space for private balconies. The development has two penthouses, split over level 26 and 27 of the tower.
The residents can enjoy exclusive amenities located on the fourth floor, including an outdoor private swimming pool, which stretches across 20 meters, landscaped outdoor gymnasium and terrace. The prices at Nur begin with Dh.2mn for a fully furnished single bedroom apartment.
The Managing Director and Founder of Sunland Group, Suhail Abedian, pointed out that the demand for the Nur residences have been quite strong, ever-since the talk about the development began during its inception stages. A lot of young professionals and families have shown interest in the development with local and Middle Eastern investors.
The development, worth Dh.725mn, is the third scheme in Dubai by the Sunland Group, and is a proof of the growing success of the developer's expansion within the UAE, owning a local portfolio of more than Dh.13bn.
The success of Nur, follows the earlier launches by the developer, such as the D1 and Palazzo Versace, both of which are also in Culture Village.
Labels: Apartments, Cultural-Village, Residential, Sales
DEC broke ground for construction of Cascade Ville, Cascade Manor and The Estates
Tuesday, August 12, 2008
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Dheeraj and East Coast LLC (DEC), a leading Dubai-based property developer, broke ground for its three prestigious projects located in the heart of Culture Village.
The Dh.615mn worth projects are Cascade Ville, Cascade Manor and The Estates, among which, Cascade Ville and Cascade Manor are residential developments, while The Estates is a mixed-use development.
Speaking during the occasion, the Chief Finance Officer of DEC, Sailesh Jatania, said this is a major step ahead for the project, which indicates that work is progressing as scheduled.
Robodh Contracting LLC, the main contractor of DEC, which is also one of the leading contracting companies in the region, has been assigned the task of construction of all existing and future projects of Dheeraj and East Coast, including the appointing and co-ordination of sub-contractors.
The initial groundwork has been assigned to Sharaf Foundations, a company with solid track record of more than 50 projects across Oman, Dubai, Qatar and Abu Dhabi, which includes drilling, excavation, shoring and foundation works.
The three projects in Culture Village cover an area of 60,981 square feet, with a built-up area of 412, 743 square feet. The well-designed projects are in perfect harmony with the overall concept of the Culture Village, and feature wide open spaces, cobblestone walkways, traditional wind towers, waterways with quaint bridges, eating joints and creekside souks.
Being a true blend of residential, commercial and retail living spaces, that combine the old-world charm with luxury of modern lifestyles, the project unites diverse nationalities and encourages them to live and work in harmony.
The seven-storey Cascade Ville is a residential project with well-done three bedroom apartments, state-of-the-art health club and gymnasium, retail boutique, café, frontal waterfalls, and 24-hour security.
The Cascade Manor is an eight storey structure, with a blend of modern and old-world charm, comprising single, double and triple bedroom apartments and a park with lush gardens.
The Estates is a mixed-use development, combining true Arabic architectural styles with modern construction technologies to form a mix of unique residences and contemporary offices that render a unique and lively community lifestyle.
Labels: Community, Construction Projects, Cultural-Village
Sunland Group unveils Nur - a boutique residential tower
Saturday, May 31, 2008
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The Sunland Group, a Dubai-based realty developer, has announced plans to unveil 'Nur', a Dh.725m, 27-storey completely furnished boutique residential tower, at Dubai's Culture Village. Being Sunland's third project, this project raises Sunland's portfolio to more than Dh.13bn.
'Nur', which implies 'light' in Arabic, follows the success of the company's earlier developments, D1 and Palazzo Versace, also in Culture Village.
The project is launched through joint-venture with London's Peacock Ventures Limited, and comprises 191 single and double bedroom apartments, two luxurious five bedroom penthouses, split at two levels. The sizes of the apartments vary from 767 square feet for a single bedroom apartment, to 1412 square feet for a double bedroom apartment, with additional private space for balcony.
The Founder and Managing Director of Sunland Group, Soheil Abedian, said "We have pre-sold about 70 percent of Nur, without any major marketing campaign, due to the cachet and quality of the apartments, the value for money, and the proven success track of the Sunland brand."
'Nur', which implies 'light' in Arabic, follows the success of the company's earlier developments, D1 and Palazzo Versace, also in Culture Village.
The project is launched through joint-venture with London's Peacock Ventures Limited, and comprises 191 single and double bedroom apartments, two luxurious five bedroom penthouses, split at two levels. The sizes of the apartments vary from 767 square feet for a single bedroom apartment, to 1412 square feet for a double bedroom apartment, with additional private space for balcony.
The Founder and Managing Director of Sunland Group, Soheil Abedian, said "We have pre-sold about 70 percent of Nur, without any major marketing campaign, due to the cachet and quality of the apartments, the value for money, and the proven success track of the Sunland brand."
Labels: Apartments, Cultural-Village, Penthouse, Residential
Ground breaking ceremony held for Sungwon's Santeview project
Sunday, May 04, 2008
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South Korea's Sungwon Corporation held the groundbreaking ceremony of its second property in the region, the Dh.1.5bn 'Santeview' at Culture Village.
Santeview is a mixed-use complex project, which includes G+32 storey commercial tower, and a G+40 storey residential tower. Dubai Properties is the strategic partner and master developer of Culture Village.
The first two levels will be dedicated to retail space, accommodating few of the best brands in the world, revealed a Sungwon official.
Santeview, with its high-tech security features, smart home and office features, intelligent space design, and contemporary design with an Arabic touch, makes it an ideal creek-side location, and located adjacent to the Culture Village Metro Station, Santeview is the most sought after property development in the area.
The CEO of Sungwon's Middle East Headquarters, Chang-Pyo Park, said "Being one of our unique property projects in the Middle East, we are confident that Santeview will set a benchmark in property development in the region, which will reflect the best architectural and engineering expertise drawn through years of experience in the construction industry."
Sungwon is a large integrated real estate, construction and engineering company, built on solid reputation as property developer and contractor of award-winning luxury high-rises (both residential and mixed-use complexes). Sungwon has more than 130,000 apartments and 1000 high-rise towers.
Santeview is a part of $1.2bn investments which Sungwon has allocated for property development in the region. Sungwon is also carrying out various civil works in other GCC nations.
South Korea's Sungwon Corporation held the groundbreaking ceremony of its second property in the region, the Dh.1.5bn 'Santeview' at Culture Village.Santeview is a mixed-use complex project, which includes G+32 storey commercial tower, and a G+40 storey residential tower. Dubai Properties is the strategic partner and master developer of Culture Village.
The first two levels will be dedicated to retail space, accommodating few of the best brands in the world, revealed a Sungwon official.
Santeview, with its high-tech security features, smart home and office features, intelligent space design, and contemporary design with an Arabic touch, makes it an ideal creek-side location, and located adjacent to the Culture Village Metro Station, Santeview is the most sought after property development in the area.
The CEO of Sungwon's Middle East Headquarters, Chang-Pyo Park, said "Being one of our unique property projects in the Middle East, we are confident that Santeview will set a benchmark in property development in the region, which will reflect the best architectural and engineering expertise drawn through years of experience in the construction industry."
Sungwon is a large integrated real estate, construction and engineering company, built on solid reputation as property developer and contractor of award-winning luxury high-rises (both residential and mixed-use complexes). Sungwon has more than 130,000 apartments and 1000 high-rise towers.
Santeview is a part of $1.2bn investments which Sungwon has allocated for property development in the region. Sungwon is also carrying out various civil works in other GCC nations.
Labels: Construction Projects, Cultural-Village
Iris launches its fourth project IRIS Asmar
Sunday, April 06, 2008
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IRIS, the Dubai-based Indian property developer plans to boost its portfolio to Dh.5bn this year, through the launch of its latest project, 'IRIS Asmar', worth Dh.100million.
IRIS Asmar is a seven storey residential building in Cultural Village, which comprises eight triple-bedrooms and seven four bedroom apartments. This is the fourth project of the company in Dubai, which raises the current portfolio of the company to Dh.2.5bn.
'IRIS Asmar' is designed on the concept of Islamic Architecture, which will reflect the essence of Culture Village in terms of diversity and design, paying attention to detail. The tower symbolizes modern living, offering a panoramic view of Dubai. The special combination of privacy and space, coupled with exclusive finishes and unique synthesis of design and technology ensures that every apartment symbolizes perfection and a five-star lifestyle.
Located ideally in the heart of Culture Village, in close proximity to the Waterfront Canal, in close proximity to Dubai International Airport, Sheikh Zayed Road and Business Bay and Emirates Roads, the residents of IRIS Asmar get to enjoy paramount views of the waterfront development.
Among several other amenities at the complex, are high-speed internet facilities, ground floor retail space, advanced safety systems, high-speed elevators, 24-hour concierge, and access to Satellite Television, state-of-the-art fitness club, closed-circuit television, sauna, swimming pool, Jacuzzi, landscaped podium, and private parking spaces.
Each apartment within the property development feature private decorative latticed balconies, Arabian style gardens, rooftop swimming pools, and traditional Arabesque details with parapets and domes. The starting prices of apartments in Iris Asmar is Dh.2,835 per square foot, which is likely to go up to Dh.2,888 per square foot.
The Director, Iris Properties, Ashwin Sheth, says "With the fast-paced growth of the property market, the major concern is to find good contractors and consultants. Completion of project on time, is more challenging than selling the apartments."
He also revealed that two more projects are in pipeline, waiting to be launched this year. One is the launch of the development in Business Bay and Maritime City in April, which will increase the company's Dubai portfolio to Dh.5bn, spread across six projects, on four million square feet of land, including parking areas.
Labels: Apartments, Cultural-Village, New Developments, Residential
Santeview project by Sungwon meets record sales within a day of launch
Thursday, March 06, 2008
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Sungwon Corporation has announced the record sales of their Dh.1.5bn Santeview project at Culture Village, within a day of its launch in the market.
The CEO of Sungwons Middle East Head Quarters and the General Manager of the Dubai branch, Chang-Pyo Park said "Santeview at the Cultural Village will include G+32 storey tower, and an G+40 storey residential tower. The initial two levels will exclusively comprise retail space inclusive of the best brands in the world. Other amenities such as the smart home and office features, hi-tech security features, contemporary design with an Arabic touch, intelligent space design, coupled with the strategic location adjacent to the Culture Village metro station, makes Santeview the most sought property development in the area."
Sungwon Corporation has announced the record sales of their Dh.1.5bn Santeview project at Culture Village, within a day of its launch in the market.This record sales carried out by the Group on Santeview and back-to-back contracts, worth Dh.700million, which include building an office tower at Business Bay, and a five-star luxury hotel apartment complex at Dubai Sports City, has been a feather on the cap for the company as a professional international developer and builder in the region, say top officials of the company.
The CEO of Sungwons Middle East Head Quarters and the General Manager of the Dubai branch, Chang-Pyo Park said "Santeview at the Cultural Village will include G+32 storey tower, and an G+40 storey residential tower. The initial two levels will exclusively comprise retail space inclusive of the best brands in the world. Other amenities such as the smart home and office features, hi-tech security features, contemporary design with an Arabic touch, intelligent space design, coupled with the strategic location adjacent to the Culture Village metro station, makes Santeview the most sought property development in the area."
Being one of the largest construction companies in South Korea, Sungwon, is also doing civil work projects in Qatar and Bahrain, including highways, roads and sewerage pipelines. At present the company is carrying out work on a $109mn massive flyover project at the Isa Town Gate Intersection in Bahrain.
Sungwon Corporation is planning an official launch of civil works contracting services in the UAE and to participate in other large infrastructure projects happening in the country. Apart from the Middle East region alone, Sungwon has made its presence felt in the construction and property development projects in various other countries outside South Korea, including South East Asia and Kazakhstan.
The company has also entered into an escrow account with HSBC Bank Middle East, to contribute towards the growth of the property sector in UAE and to consolidate the trust which the customers have posed in them.
Apart from this, Sungwon also owns golf courses, and is well-known as the builder of the FIFA World Cup Stadium in Korea, rails, roads, highways, subways, tunnels, bridges, ports and airports.
Labels: Cultural-Village, Dubai Sports City, Golf property, Office Space
Dheeraj increases its investment in the Dubai Culture Village to Dh.700m
Sunday, July 15, 2007
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Due to the rapid growth of Dubai real estate development, coupled with the increasing demand, Dheeraj and East Coast (DEC) is increasing its investment to Dh.700million in the Culture village, adding another residential development in pipeline.
The three projects of DEC in the Culture Village includes Cascade Manor, Cascade Ville and The Estate.
The Managing Director of DEC, Dheeraj Wadhawan has said that Dubai is on its way as the city of the future, and has been attracting business men and home-owners worldwide. The emirate has been witnessing high demand for both mixed-use and residential developments.
He said that this latest addition to the already existing three projects in Culture Village, indicates DEC's confidence in Dubai market, and its potential to yield sustained returns.
According to Wadhawan, the fourth project of DEC will be launched before next October in the Culture Village. He said, the new project will be developed in accordance with the current Cascade Villa project with a unique feature of "waterfall".
The earlier residential projects - Cascade Manor and Cascade Ville – had more than seventy percent sales, followed by "The Estate" mixed-use project.
The fourth project of DEC's Culture Village is scheduled for completion by late 2009.
These four projects, among the eighteen projects of DEC are located in the most prominent business locations of Dubai, and also includes the DEC Towers worth Dh.450 million, and Marina Wharf I and II, which are also located in the prestigious Dubai Marina.
The three projects of DEC in the Culture Village includes Cascade Manor, Cascade Ville and The Estate.
The Managing Director of DEC, Dheeraj Wadhawan has said that Dubai is on its way as the city of the future, and has been attracting business men and home-owners worldwide. The emirate has been witnessing high demand for both mixed-use and residential developments.
He said that this latest addition to the already existing three projects in Culture Village, indicates DEC's confidence in Dubai market, and its potential to yield sustained returns.
According to Wadhawan, the fourth project of DEC will be launched before next October in the Culture Village. He said, the new project will be developed in accordance with the current Cascade Villa project with a unique feature of "waterfall".
The earlier residential projects - Cascade Manor and Cascade Ville – had more than seventy percent sales, followed by "The Estate" mixed-use project.
The fourth project of DEC's Culture Village is scheduled for completion by late 2009.
These four projects, among the eighteen projects of DEC are located in the most prominent business locations of Dubai, and also includes the DEC Towers worth Dh.450 million, and Marina Wharf I and II, which are also located in the prestigious Dubai Marina.
Labels: Cultural-Village, New Developments, Real Estate Company, Residential
