Prices of Dubai Marina units on the rise
Thursday, November 26, 2009
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The prices of the Dubai Marina apartments have grown by 18 to 38 percent during this year, revealed a real estate company.
The Head of Sales of Asteco, Vineet Kumar, said that single bedroom apartments at Dubai Marina are currently selling at Dh.1300 per square feet, an increase of 18 percent from Dh.100 per square feet sold during the beginning of the year.
The double bedroom apartments are now being sold at Dh.1250 per square feet, an increase from Dh.900 per square feet in January, while the triple bedrooms are sold at Dh.1250 per square foot, an increase from Dh.950 in January.
Single bedrooms measuring 850 to 900 square feet at Elite Residence and Dorrabay are now priced at Dh.1.2million, reveals Asteco’s report. In January 2009 this type of property was quoted as Dh.900,000, while similar apartments were priced at Dh.1.35mn in July 2008.
The double bedroom apartments at Marina Promenade measuring 1280 square foot is currently priced at Dh.1.6mn, while it as Dh.1.15mn in January.
A triple bedroom apartment in proximity to Jumeirah Beach Residence costs about Dh.2.37mn at present, while the same property was priced Dh.1.8mn in January.
However, four bedroom apartments have not seen much improvement in prices at present, and stand at Dh.975 per square foot, an increase from Dh.850 per square feet in January this year.
Demand for four and five bedroom apartments at Dubai Marina is much lower than that for triple, double and single bedroom apartments, as families have the affordable option of purchasing four or five bedrooms at villa communities.
The increased demand for smaller units at the Marina implies that such units command higher prices per sq. ft. than larger ones. The larger the size of an apartment, the lower is the price per sq. ft., said Kumar.
Figures by Asteco reveal that the value of apartments at the Marina has dropped by 15 to 60 percent since July 2008. However, certain towers in the Marina are still maintaining their values due to demand from investors and end-users, although the growth values in prices of few other properties in Dubai are slow. This is reflected in the fact that the prices offered in the market for the Marina have a wide range at Dh.850 to Dh.2000 per sq. ft.
The Head of Sales of Asteco, Vineet Kumar, said that single bedroom apartments at Dubai Marina are currently selling at Dh.1300 per square feet, an increase of 18 percent from Dh.100 per square feet sold during the beginning of the year.
The double bedroom apartments are now being sold at Dh.1250 per square feet, an increase from Dh.900 per square feet in January, while the triple bedrooms are sold at Dh.1250 per square foot, an increase from Dh.950 in January.
Single bedrooms measuring 850 to 900 square feet at Elite Residence and Dorrabay are now priced at Dh.1.2million, reveals Asteco’s report. In January 2009 this type of property was quoted as Dh.900,000, while similar apartments were priced at Dh.1.35mn in July 2008.
The double bedroom apartments at Marina Promenade measuring 1280 square foot is currently priced at Dh.1.6mn, while it as Dh.1.15mn in January.
A triple bedroom apartment in proximity to Jumeirah Beach Residence costs about Dh.2.37mn at present, while the same property was priced Dh.1.8mn in January.
However, four bedroom apartments have not seen much improvement in prices at present, and stand at Dh.975 per square foot, an increase from Dh.850 per square feet in January this year.
Demand for four and five bedroom apartments at Dubai Marina is much lower than that for triple, double and single bedroom apartments, as families have the affordable option of purchasing four or five bedrooms at villa communities.
The increased demand for smaller units at the Marina implies that such units command higher prices per sq. ft. than larger ones. The larger the size of an apartment, the lower is the price per sq. ft., said Kumar.
Figures by Asteco reveal that the value of apartments at the Marina has dropped by 15 to 60 percent since July 2008. However, certain towers in the Marina are still maintaining their values due to demand from investors and end-users, although the growth values in prices of few other properties in Dubai are slow. This is reflected in the fact that the prices offered in the market for the Marina have a wide range at Dh.850 to Dh.2000 per sq. ft.
Labels: Apartments, Dubai Marina, Property Prices
Dubai all set to build world's tallest residential tower
Wednesday, September 09, 2009
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Following a brief period of lull, the skyscraper deals have once again gathered momentum in Dubai.
The latest one in this direction is the awarding of USD400million contract to Arabian Construction Company (ACC) by Trident International Holding, to build the world's tallest residential tower, namely the Pentominium in Dubai Marina.
According to the developer, the 124 storey Pentominium will be one of the tallest man-made structures and is hoped to the second tallest building in the world, after Burj Dubai. Each apartment in the 618meters tower will cover either half a floor or an entire floor.
The total built-up area of the tower will be 170,000 square meters and the duration of construction is hoped to take 48 months, revealed a company statement.
The Pentominium will be the tallest all-residential building in the world on completion, and is currently the highest project among any residential building under construction, said Aedas, the project designers.
The Executive Director and CEO of Trident International Holdings, Wazir Daredia, said that the Pentominium is a unique project that raises the concept of luxury living to new standards and with the construction major ACC, the project has gained an exquisite bouquet of brand partnerships for the development.
Activity is gradually picking up pace in the construction sector. The ACC deal follows the $187mn contract in Dubai awarded on 25th August to UAE's contractor Arabtec, of which, the Samsung Engineering and Construction forms a part of the team working on the Burj Dubai.
ACC has a backlog of 54bn worth of projects in the Middle East and is currently working on 10 projects worth Dh.5.8bn in Dubai.
The latest one in this direction is the awarding of USD400million contract to Arabian Construction Company (ACC) by Trident International Holding, to build the world's tallest residential tower, namely the Pentominium in Dubai Marina.
According to the developer, the 124 storey Pentominium will be one of the tallest man-made structures and is hoped to the second tallest building in the world, after Burj Dubai. Each apartment in the 618meters tower will cover either half a floor or an entire floor.
The total built-up area of the tower will be 170,000 square meters and the duration of construction is hoped to take 48 months, revealed a company statement.
The Pentominium will be the tallest all-residential building in the world on completion, and is currently the highest project among any residential building under construction, said Aedas, the project designers.
The Executive Director and CEO of Trident International Holdings, Wazir Daredia, said that the Pentominium is a unique project that raises the concept of luxury living to new standards and with the construction major ACC, the project has gained an exquisite bouquet of brand partnerships for the development.
Activity is gradually picking up pace in the construction sector. The ACC deal follows the $187mn contract in Dubai awarded on 25th August to UAE's contractor Arabtec, of which, the Samsung Engineering and Construction forms a part of the team working on the Burj Dubai.
ACC has a backlog of 54bn worth of projects in the Middle East and is currently working on 10 projects worth Dh.5.8bn in Dubai.
Labels: Dubai Marina, Residential
Damac's Ocean Heights stands 70 storeys high
Tuesday, August 18, 2009
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Damac Properties, the luxury lifestyle provider, has announced that its iconic 'Ocean Heights' development is nearing 70 storeys in height, and that the development will be completed within a year.
This indicates the Damac's determination on construction and delivery of the skyscraper, which is finally expected to house 84 storeys.
Located at the entrance to Dubai Marina along the Al Sufouh Road, the structure is all set to be one of the most iconic buildings in the area, and is already towering above all other structures in the vicinity, with its twisting architectural design that now more evident.
The main contractor of the project, Arabtec, is completing one storey every week. The Alumco is installing the external blue glass cladding on the building. The electric wiring and cabling works inside the tower have reached the 60th floor, while the interior plastering and painting have reached floor 55.
The CEO of Damac, Peter Riddoch, remarked that the progress made by Ocean Heights project is a great testament to the tremendous team work happening on site.
Damac is on-track to complete the building, and this demonstrates the team work by all staff and contractors, he pointed out.
On completion, Ocean Heights will feature 680 apartments ranging from single to triple bedrooms, and 'Signature Series penthouse range', the ultimate luxury apartments with latest in hi-tech gadgetry and luxurious home comforts. The first penthouse floor is just been constructed at floor 67.
Apart from offering stunning individual homes, Ocean Heights will offer communal outdoor leisure deck, complete with pool, gymnasium, steam rooms, views of the Palm and Atlantis. There will be good accessibility with nearby links to the Dubai Metro and the range of leisure amenities and shops of the Marina on hand.
Ocean Heights is the third project at Dubai Marina, to be completed by Damac Properties. This will be followed by Damac Heights, another super tall structure due for completion in 2013.
According to the General Manager-Operations at Damac, Ziad El Chaar, the Marina continues to be prime location for people seeking for investment in property in Dubai.
"We hope the two iconic buildings, coupled with our already completed projects like The Waves and Marina Terrace, offers great opportunities to customers with a range of various options," he pointed out.
Ocean Heights is expected to be completed by the end of the year, contributing to the Damac Properties triology at Dubai Marina by next summer, El Chaar confirmed.
This indicates the Damac's determination on construction and delivery of the skyscraper, which is finally expected to house 84 storeys.
Located at the entrance to Dubai Marina along the Al Sufouh Road, the structure is all set to be one of the most iconic buildings in the area, and is already towering above all other structures in the vicinity, with its twisting architectural design that now more evident.
The main contractor of the project, Arabtec, is completing one storey every week. The Alumco is installing the external blue glass cladding on the building. The electric wiring and cabling works inside the tower have reached the 60th floor, while the interior plastering and painting have reached floor 55.
The CEO of Damac, Peter Riddoch, remarked that the progress made by Ocean Heights project is a great testament to the tremendous team work happening on site.
Damac is on-track to complete the building, and this demonstrates the team work by all staff and contractors, he pointed out.
On completion, Ocean Heights will feature 680 apartments ranging from single to triple bedrooms, and 'Signature Series penthouse range', the ultimate luxury apartments with latest in hi-tech gadgetry and luxurious home comforts. The first penthouse floor is just been constructed at floor 67.
Apart from offering stunning individual homes, Ocean Heights will offer communal outdoor leisure deck, complete with pool, gymnasium, steam rooms, views of the Palm and Atlantis. There will be good accessibility with nearby links to the Dubai Metro and the range of leisure amenities and shops of the Marina on hand.
Ocean Heights is the third project at Dubai Marina, to be completed by Damac Properties. This will be followed by Damac Heights, another super tall structure due for completion in 2013.
According to the General Manager-Operations at Damac, Ziad El Chaar, the Marina continues to be prime location for people seeking for investment in property in Dubai.
"We hope the two iconic buildings, coupled with our already completed projects like The Waves and Marina Terrace, offers great opportunities to customers with a range of various options," he pointed out.
Ocean Heights is expected to be completed by the end of the year, contributing to the Damac Properties triology at Dubai Marina by next summer, El Chaar confirmed.
Labels: Damac Properties, Dubai Marina
Several Dubai Marina projects delayed
Sunday, August 09, 2009
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The properties in Dubai designated as on hold by RERA (Real Estate Regulatory Agency), the property regulator by Dubai Government, are not the only projects that have been delayed. In fact, the agency has two other categories, such as 'delayed' and 'progressing to RERA-approved revised schedule', to indicate that a project is behind schedule, The National reported.
According to a report published in RERA's official magazine, although 10 percent of projects are currently 'on hold', the developer is still unsure, as another 31.8 percent of the projects have been 'progressing but not yet on site'.
RERA, last month made the announcement that it had designated 69 out of 407 projects on hold, which constitute 17 percent of the projects.
Among the nine delayed projects in the Marina, RERA's website reports only three as delayed. Among these, one of the projects, designated as delayed is the 90-storey Damac Heights tower, launched in 2007.
Works have begun on site, but have now stopped to permit a design review in accordance with the comments by Dubai Municipality, said RERA's inspection note. Schedule will be updated when the design and re-tendering has been completed, it states.
According to a spokesman for Damac Properties, the company has three other projects in Dubai Marina, among which, the Marina Terrace and The Waves have been completed, while the Ocean Heights has reached 66th storey.
The other project in the Marina is Damac Heights, and it is not cancelled or on hold and is very much in progress, confirmed Niall McLoughlin, Senior Vice President, Corporate Communications.
Although launched in 2007, the project will not be completed before 2013. The other two projects for which RERA's reports are not available online are Harbour Residence and My Tower, with inspection reports stating as progressing to RERA-approved revised schedule.
According to a report published in RERA's official magazine, although 10 percent of projects are currently 'on hold', the developer is still unsure, as another 31.8 percent of the projects have been 'progressing but not yet on site'.
RERA, last month made the announcement that it had designated 69 out of 407 projects on hold, which constitute 17 percent of the projects.
Among the nine delayed projects in the Marina, RERA's website reports only three as delayed. Among these, one of the projects, designated as delayed is the 90-storey Damac Heights tower, launched in 2007.
Works have begun on site, but have now stopped to permit a design review in accordance with the comments by Dubai Municipality, said RERA's inspection note. Schedule will be updated when the design and re-tendering has been completed, it states.
According to a spokesman for Damac Properties, the company has three other projects in Dubai Marina, among which, the Marina Terrace and The Waves have been completed, while the Ocean Heights has reached 66th storey.
The other project in the Marina is Damac Heights, and it is not cancelled or on hold and is very much in progress, confirmed Niall McLoughlin, Senior Vice President, Corporate Communications.
Although launched in 2007, the project will not be completed before 2013. The other two projects for which RERA's reports are not available online are Harbour Residence and My Tower, with inspection reports stating as progressing to RERA-approved revised schedule.
Labels: Construction Projects, Dubai Marina
Cayan's Infinity Tower at Dubai Marina makes steady progress
Tuesday, June 30, 2009
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The leading real estate developers in the region, Cayan Investment and Development, mentioned that its Infinity Tower development at the Dubai Marina, has hastened its construction process and has achieved a major progress on site.
The 80-storey tower offers stunning view of Dubai Marina. The podium levels, comprising six storeys are complete. Arabtec has been appointed as the main contractor of the project, with over 1000 workers in the site, working round-the-clock to ensure the right construction schedule.
The progress is an indication of the impressive track record by Cayan Investment and Development on keeping up with their project schedules, and the dedication by Arabtec towards the project.
The Chairman of Cayan, Ahmad Al Hatti, when speaking about the project construction, mentioned that the progress made on construction of the project reflects the meticulous care that Cayan lends to every aspect of its projects.
On completion, the tower will offer world-class amenities and offer tenants with a vast array of unique services and state-of-the-art amenities.
The construction work has now reached the seventh storey within the past six months. The development has already received a total of six design awards over the past three years, including the International Architecture Award from ‘Chicago Athenaeum’.
In December 2008, Cayan delivered 4 out of its seven projects in Dubai, and hopes to deliver the rest three projects between 2010 and 2011. Apart from projects in Dubai, Cayan has few mega projects in Egypt and Jeddah.
The 80-storey tower offers stunning view of Dubai Marina. The podium levels, comprising six storeys are complete. Arabtec has been appointed as the main contractor of the project, with over 1000 workers in the site, working round-the-clock to ensure the right construction schedule.
The progress is an indication of the impressive track record by Cayan Investment and Development on keeping up with their project schedules, and the dedication by Arabtec towards the project.
The Chairman of Cayan, Ahmad Al Hatti, when speaking about the project construction, mentioned that the progress made on construction of the project reflects the meticulous care that Cayan lends to every aspect of its projects.
On completion, the tower will offer world-class amenities and offer tenants with a vast array of unique services and state-of-the-art amenities.
The construction work has now reached the seventh storey within the past six months. The development has already received a total of six design awards over the past three years, including the International Architecture Award from ‘Chicago Athenaeum’.
In December 2008, Cayan delivered 4 out of its seven projects in Dubai, and hopes to deliver the rest three projects between 2010 and 2011. Apart from projects in Dubai, Cayan has few mega projects in Egypt and Jeddah.
Labels: Construction Projects, Dubai Marina
Middle East property sector shows signs of recovery
Friday, March 27, 2009
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According to a new report by Jones Lang LaSalle, the real estate market in the Middle East and North Africa are showing signs of recovery, although the prices in the region may continue to fall during the next six to twelve months.
The first quarter of 2009 has shown some progress in the sector, with green shoots of recovery beginning to crop-up. However, the necessary conditions for recovery are yet to be met, the report points out.
The major factor for recovery of the sector are improved sentiment which would boost confidence and reverse the credit default spiral, which has been widely experienced during the past six months.
According to the report, Dubai lays out vast options for opportunistic investors, given, the correction in prices happening in the emirate. Although the yields can be hoped to increase only in the medium term, the long-term outlook for Dubai continues to remain positive, particularly, with the decline in supply, as several projects are being put on hold or are scrapped off.
The "green shoots of recovery" in the regional property sector was noticed during the first quarter of the year, and the markets are hoped to be in the process of recovery as early as in the autumn, revealed a property consultancy, in its report.
The Jones Lang LaSalle report states that the Middle East and North Africa (MENA) economies have begun making progress on 12 out of 17 major requirements for the economic recovery, which includes re-capitalization of Banks, Reduction in future supply of homes, and "concerted government action".
However the economies may still have face serious challenges during the year. Even with so many positive factors noticed during the past three months, the region may still be in the recession stage, with several markets expected to witness downward correction in prices during the year, the Jones Lang LaSalle report states.
However, Abu Dhabi indicates chances of "significant long-term potential", while Dubai has opened up to "opportunistic investors" seeking medium-term and long-term investments. In the meantime, Qatar and Saudi Arabia would remain as the most lucrative markets during this period, the report suggests.
The company expects that following the transition phase, the region will be well-positioned to emerge stronger, with more transparent and better regulated sustainable pattern of real estate development and investment, meant for the longer term.
The first quarter of 2009 has shown some progress in the sector, with green shoots of recovery beginning to crop-up. However, the necessary conditions for recovery are yet to be met, the report points out.
The major factor for recovery of the sector are improved sentiment which would boost confidence and reverse the credit default spiral, which has been widely experienced during the past six months.
According to the report, Dubai lays out vast options for opportunistic investors, given, the correction in prices happening in the emirate. Although the yields can be hoped to increase only in the medium term, the long-term outlook for Dubai continues to remain positive, particularly, with the decline in supply, as several projects are being put on hold or are scrapped off.
The "green shoots of recovery" in the regional property sector was noticed during the first quarter of the year, and the markets are hoped to be in the process of recovery as early as in the autumn, revealed a property consultancy, in its report.
The Jones Lang LaSalle report states that the Middle East and North Africa (MENA) economies have begun making progress on 12 out of 17 major requirements for the economic recovery, which includes re-capitalization of Banks, Reduction in future supply of homes, and "concerted government action".
However the economies may still have face serious challenges during the year. Even with so many positive factors noticed during the past three months, the region may still be in the recession stage, with several markets expected to witness downward correction in prices during the year, the Jones Lang LaSalle report states.
However, Abu Dhabi indicates chances of "significant long-term potential", while Dubai has opened up to "opportunistic investors" seeking medium-term and long-term investments. In the meantime, Qatar and Saudi Arabia would remain as the most lucrative markets during this period, the report suggests.
The company expects that following the transition phase, the region will be well-positioned to emerge stronger, with more transparent and better regulated sustainable pattern of real estate development and investment, meant for the longer term.
Labels: Dubai Marina, Latest News, Middle-East
Diamond Views - Phase I by Diamond Developers ready
Thursday, January 22, 2009
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Diamond Developers have announced that the first phase of 'Diamond Views' project is complete, and that, this is the first-of-its-kind project to be completed in the Jumeirah Village South.
With a total of 1528 units delivered to investors, this milestone achieved implies that Diamond Developers now have seven projects in hand.
The four stages in the development phase of Diamond Views will witness development of 1000 apartments and 150 villas. The units will range from studios, to single, double, triple and four bedroom apartments.
Speaking about the project, Engineer Faris Saeed, expressed his excitement over the realization of the project, despite tough market conditions.
The scheduled delivery of Diamond Views project reflects the company's commitment towards investors. It also strongly reflects the determination by the company to fulfill the contractual obligations, while also maintaining transparency, a principle employed by the company, since its first day of inception in the Dubai real estate market, he said.
Located in proximity to the Mall of Emirates and Emirates Road, Diamond Views offers all luxury and comfort of any new project in Dubai. This is further strengthened by its easy access to a range of sports amenities, parks, and roads, including shopping amenities, cinemas and restaurants, all created for the purpose of serving its residents.
Diamond Developers ventured into Dubai property market in 2003, by the launch of Marina Diamond Towers, which constitutes seven residential towers in the heart of Dubai Marina. The company met with a successful sale of 1300 apartments in its towers.
Diamond Developers have announced that the first phase of 'Diamond Views' project is complete, and that, this is the first-of-its-kind project to be completed in the Jumeirah Village South.With a total of 1528 units delivered to investors, this milestone achieved implies that Diamond Developers now have seven projects in hand.
The four stages in the development phase of Diamond Views will witness development of 1000 apartments and 150 villas. The units will range from studios, to single, double, triple and four bedroom apartments.
Speaking about the project, Engineer Faris Saeed, expressed his excitement over the realization of the project, despite tough market conditions.
The scheduled delivery of Diamond Views project reflects the company's commitment towards investors. It also strongly reflects the determination by the company to fulfill the contractual obligations, while also maintaining transparency, a principle employed by the company, since its first day of inception in the Dubai real estate market, he said.
Located in proximity to the Mall of Emirates and Emirates Road, Diamond Views offers all luxury and comfort of any new project in Dubai. This is further strengthened by its easy access to a range of sports amenities, parks, and roads, including shopping amenities, cinemas and restaurants, all created for the purpose of serving its residents.
Diamond Developers ventured into Dubai property market in 2003, by the launch of Marina Diamond Towers, which constitutes seven residential towers in the heart of Dubai Marina. The company met with a successful sale of 1300 apartments in its towers.
Labels: Dubai Marina, Jumeriah Village
Cayan's Dorra Bay project at Dubai Marina, completed
Sunday, December 21, 2008
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Cayan Investment and Development has announced completion of their Dh.350mn Dorra Bay project in Dubai Marina.
The developer also revealed completion of four out of six towers progressing in the Marina. The towers are already being handed-over to the clients.
Dorra Bay project is a 22-storey residential tower, launched in April 2006, located along between the beach and the marina and consists of single, double, and triple bedroom units, garden terrace apartments, duplexes and penthouses.
Dorra Bay offers residents ample modern amenities such as swimming pools, kids play areas, state-of-the-art gymnasiums, lush outdoor landscaping, and modern business center. Residents can also enjoy easy access to shops located within the tower, boating berths, all of which, add to the convenience of residing at Dorra Bay.
The completion of projects despite bad turn of events in the global markets, emphasizes the commitment by the company toward delivering the projects, which further instills customer confidence in the company.
The Cayan Investments CEO, Kareem Derbas, said that Cayan has always strived and has remained committed towards delivering high-end luxury and high-return investments to customers, and will continue to do so in future.
Cayan began its operations five years ago with a single project on the Dubai Marina, and now has projects portfolio worth Dh.8bn.
The developer also revealed completion of four out of six towers progressing in the Marina. The towers are already being handed-over to the clients.
Dorra Bay project is a 22-storey residential tower, launched in April 2006, located along between the beach and the marina and consists of single, double, and triple bedroom units, garden terrace apartments, duplexes and penthouses.
Dorra Bay offers residents ample modern amenities such as swimming pools, kids play areas, state-of-the-art gymnasiums, lush outdoor landscaping, and modern business center. Residents can also enjoy easy access to shops located within the tower, boating berths, all of which, add to the convenience of residing at Dorra Bay.
The completion of projects despite bad turn of events in the global markets, emphasizes the commitment by the company toward delivering the projects, which further instills customer confidence in the company.
The Cayan Investments CEO, Kareem Derbas, said that Cayan has always strived and has remained committed towards delivering high-end luxury and high-return investments to customers, and will continue to do so in future.
Cayan began its operations five years ago with a single project on the Dubai Marina, and now has projects portfolio worth Dh.8bn.
Labels: Construction Projects, Dubai Marina
MAG Tower construction on track
Thursday, December 04, 2008
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The construction work on the Dh.450mn MAG tower in the Dubai Marina is 75 percent complete, and will be fully completed towards end of 2009, as scheduled.
The MAG 218 residential tower, comprising 555 apartments spreading over 66 storeys, has reached the 45th floor in height.
According to the Chief Executive Officer of the MAG Group, Mohammed Nimer, the company had opened the full-floor show apartments, 18 months prior to handover date, for the owners to view the quality of finish. This emphasizes the commitment by the company towards customers, and their confidence in keeping up to their promise.
The MAG 218 Tower is one of the several freehold residential towers located at the Dubai Marina, opposite the Jumeirah Lake Towers, next to Dubai Media City. The tower has been designed by Dar Al-Handasah, and will be located next to Marina Pinnacle and the Marina Heights.
Covering an area of 36,887 square feet, the 66 storey tower will comprise total of 330 single bedroom and 220 double bedroom units. The units of the Dh.350mn worth tower range from 78 to 167 square meters in size.
The MAG tower has below and above ground parking, podium roof with swimming pool and Jacuzzi, BBQ area, TV room, outdoor terrace, ball room, gymnasiums, and community health club floor with community hall. The top five storeys feature a full glass exterior.
The MAG 218 residential tower, comprising 555 apartments spreading over 66 storeys, has reached the 45th floor in height.
According to the Chief Executive Officer of the MAG Group, Mohammed Nimer, the company had opened the full-floor show apartments, 18 months prior to handover date, for the owners to view the quality of finish. This emphasizes the commitment by the company towards customers, and their confidence in keeping up to their promise.
The MAG 218 Tower is one of the several freehold residential towers located at the Dubai Marina, opposite the Jumeirah Lake Towers, next to Dubai Media City. The tower has been designed by Dar Al-Handasah, and will be located next to Marina Pinnacle and the Marina Heights.
Covering an area of 36,887 square feet, the 66 storey tower will comprise total of 330 single bedroom and 220 double bedroom units. The units of the Dh.350mn worth tower range from 78 to 167 square meters in size.
The MAG tower has below and above ground parking, podium roof with swimming pool and Jacuzzi, BBQ area, TV room, outdoor terrace, ball room, gymnasiums, and community health club floor with community hall. The top five storeys feature a full glass exterior.
Labels: Construction Projects, Dubai Marina
Abyaar Real Estate launches Dh.4bn worth projects in Dubai
Sunday, October 12, 2008
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Kuwait-based Abyaar Real Estate yesterday launched Dh.4billion worth projects in various parts of Dubai.
The first being Ice Tower, designed in the shape of a floating iceberg, likely to come up in Dubai Marina. It will have 30 levels of angular glass, and will include 103 unique apartments.
The project will go on sale in two weeks time. Construction will commence in two weeks, and will be complete by last quarter of 2010.
According to the Karl Finder, the Australian Architect, the building has many fissure and facets between the two sides of the structure, which will provide various degree of sunlight to the balconies on the inside of the building. The difference in lighting makes each apartment unique.
The next to be launched was the resort-lifestyle community planned around a manmade waterfront, called Pier 8, located at Dubai Marina, and is due for completion in 14 months.
The development, designed by Atkins, comprises 40 storeys of high-end luxury apartments. The tower offers 232 units of studios, single and double bedroom apartments and two penthouses on the top floors.
The sales of Pier 8, due for completion in 14 months, was also announced yesterday.
The Company also launched the Dubai Arts District (DAD), a Dh.1.4bn community, comprising residential, office and recreational buildings.
About eleven residential buildings will span across an area of 2.1mn square feet. The buildings draw inspiration from nature and depict the theme of sand and wind in terms of shape and colours. The buildings are said to have low maintenance costs and reduce the glare from the sun due to their design and will be sustainable.
The construction will commence within two months, and will be complete in the last quarter of 2011.
The Company has already started sales of the commercial space in the project.
The first being Ice Tower, designed in the shape of a floating iceberg, likely to come up in Dubai Marina. It will have 30 levels of angular glass, and will include 103 unique apartments.
The project will go on sale in two weeks time. Construction will commence in two weeks, and will be complete by last quarter of 2010.
According to the Karl Finder, the Australian Architect, the building has many fissure and facets between the two sides of the structure, which will provide various degree of sunlight to the balconies on the inside of the building. The difference in lighting makes each apartment unique.
The next to be launched was the resort-lifestyle community planned around a manmade waterfront, called Pier 8, located at Dubai Marina, and is due for completion in 14 months.
The development, designed by Atkins, comprises 40 storeys of high-end luxury apartments. The tower offers 232 units of studios, single and double bedroom apartments and two penthouses on the top floors.
The sales of Pier 8, due for completion in 14 months, was also announced yesterday.
The Company also launched the Dubai Arts District (DAD), a Dh.1.4bn community, comprising residential, office and recreational buildings.
About eleven residential buildings will span across an area of 2.1mn square feet. The buildings draw inspiration from nature and depict the theme of sand and wind in terms of shape and colours. The buildings are said to have low maintenance costs and reduce the glare from the sun due to their design and will be sustainable.
The construction will commence within two months, and will be complete in the last quarter of 2011.
The Company has already started sales of the commercial space in the project.
Labels: Dubai Marina, New Developments, Resorts
Tameer's Princess Tower progressing as scheduled
Wednesday, September 24, 2008
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Tameer Holding, a pioneer property developer, has announced that its 107-storey luxury residential tower, the Princess Tower, located in Dubai Marina, has successfully completed 30 storeys, and is progressing as scheduled.
The Princess Tower (also known as Al Ameera Tower) is one of the many freehold towers in Dubai Marina, opposite to Jumeirah Lake Towers, adjacent to American University of Dubai. It is positioned on the same side of marina, as that of Dubai Marina Towers, in close proximity to the Torch Tower. On completion, the Princess Tower is hoped to be one of the tallest all-residential buildings in the world, standing high at 414 meters.
The Princess Tower, covering 37,410 square feet of space, rising more than 400 meters in height, would be the world's tallest residential building, with a total of 100 storeys. It includes 750 luxury residential apartments, including double, triple and four bedrooms apart from duplex villas and penthouses.
Among the other amenities at the Princess Tower are the gymnasium, swimming pools, a sauna club, child day-care, private car parking area and prayers area, for each resident apart from luxurious reception area.
The Princess Tower will be the most expensive apartments in the world, costing about US$85,000,000.00. The ground floor of the building (the entrance hall), will be glided with white gold, one of the most rare and expensive type in the world. This will be supplemented with opals, diamonds, sapphires, rubies and crystals.
The Managing Director of Tameer Dubai, Abdul Hamid Moukayed, said "Despite the difficulties experienced by real estate and construction sectors, such as the rising costs of material and labour, apart from increasing competition for contractors, construction on the Princess Tower is progressing as scheduled. The tower would be a testament to strengthen Tameer's position as the most trusted in the property sector."
Labels: Dubai Marina, Freehold Property, Luxury Homes, Tameer
Tameer completes foundation works of Elite Residence at Dubai Marina
Monday, September 22, 2008
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Tameer Holding, the leading real estate developer in the region has announced completion of foundation raft of Elite Residence, the ultra-luxurious residential tower located at Dubai Marina.
The foundation raft of the Elite Residence has been completed in less than five months after the commencement of construction.
Abdul Hamid Moukayed, the Managing Director of Tameer Dubai, expressed his satisfaction over the progress of construction on the Elite Residence, and emphasized on the efforts made by Tameer in avoiding obstacles that have been faced currently by developers.
"We have undertaken strategic planning methods and have entered into alliances to avoid getting caught in the trap of lagging behind schedule. This is our commitment towards customers through our projects," Moukayed said.
The Arabian Construction Company (ACC) has been awarded as the main contractors of the project, while the designing and engineering works have been assigned to ASE consultants.
Located on the heart of Dubai Marina, the Elite Residences is one of the most prestigious addresses that offer residence the ultimate in elegance, luxury, and service. The towers are wonderfully positioned to offer eye-catching views of the Arabian Gulf, with a unique design exhibiting a rare blend of Victorian architecture, finished in its finest form.
Standing high at 380 meters, the 91 storey structure, features state-of-the-art fixtures from across the world, with ground-breaking technology being available in each unit, making each day an ultramodern experience.
The ASE, and the ACC teams that are currently working on the Elite Residences are also continuing work on Tameer's Princess Towers, the tallest residential towers in the world, located in close proximity to the Elite Residence at Dubai Marina.
Tameer has established itself as one of the pioneers in the real estate market, due to its dedication towards meticulous creation of comfortable living spaces and inspirational working environments.
Abdul Hamid Moukayed, the Managing Director of Tameer Dubai, expressed his satisfaction over the progress of construction on the Elite Residence, and emphasized on the efforts made by Tameer in avoiding obstacles that have been faced currently by developers.
"We have undertaken strategic planning methods and have entered into alliances to avoid getting caught in the trap of lagging behind schedule. This is our commitment towards customers through our projects," Moukayed said.
The Arabian Construction Company (ACC) has been awarded as the main contractors of the project, while the designing and engineering works have been assigned to ASE consultants.
Located on the heart of Dubai Marina, the Elite Residences is one of the most prestigious addresses that offer residence the ultimate in elegance, luxury, and service. The towers are wonderfully positioned to offer eye-catching views of the Arabian Gulf, with a unique design exhibiting a rare blend of Victorian architecture, finished in its finest form.
Standing high at 380 meters, the 91 storey structure, features state-of-the-art fixtures from across the world, with ground-breaking technology being available in each unit, making each day an ultramodern experience.
The ASE, and the ACC teams that are currently working on the Elite Residences are also continuing work on Tameer's Princess Towers, the tallest residential towers in the world, located in close proximity to the Elite Residence at Dubai Marina.
Tameer has established itself as one of the pioneers in the real estate market, due to its dedication towards meticulous creation of comfortable living spaces and inspirational working environments.
Labels: Dubai Marina, Luxury Homes, Residential, Tameer
Damac's Ocean Heights project completes 14 storeys
Friday, September 12, 2008
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Damac Properties has announced that the Ocean Heights residential tower project has reached its 14th storey, and is well on track.
Being one of the many freehold towers built on the Dubai Marina, Ocean Heights is located opposite the Le Meridian Mina El Seyahi, adjacent to Dubai Marina and Marina Crown. It is an 82 storey tower which is 310 meters in height, comprising 680 apartments.
The Dh.1.5bn freehold residential tower contains single, double, and triple bedroom apartment units, and features 9 units of Signature Series Apartments from the 67th to 75th floor, and duplex apartments from 76th to 81st floor.
Other amenities include an outdoor leisure deck with temperature-controlled swimming pool, sauna, steam room, gymnasium, game room, and children's play area, apart from cafes, juice bars, restaurants, 24-hour concierge, and other housekeeping services.
Labels: Damac Properties, Dubai Marina, Freehold Property
New Manhattan-style complex unveiled at Dubai Marina by Select Group
Friday, August 29, 2008
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The Dubai-based Select Group, together with the UK-based developer Select Property, has launched 'West Avenue ', a 32-storey luxury Manhattan-style complex at Dubai Marina.
West Avenue is a Dh.678mn worth joint residential development, which occupies the last of the remaining plots at Dubai Marina, and is the seventh tower to be launched by the companies. Six of the earlier towers of the company have already been sold off-plan on Dubai Marina.
West Avenue comprises contemporary-styled studios, single and double bedroom apartments, apart from two bedroom Marina and City Suites and luxury penthouses. All the 273 units of the development have been specifically designed for spacious, open plan living.
The other amenities in the development include swimming pool, sauna and steam room, state-of-the-art gymnasium, 24-hour concierge, and shopping an dining facilities.
Situated at the core of the marina, the prices for a studio in the West Avenue begin at a pre-launch price of Dh.1.77mn and are available with an offer for 15-year non-status payment plan. Buyers can also take advantage of the security of an Escrow account, which protects their funds during construction.
The CEO of Select Group, Rahail Eslam, speaking about Dubai Marina, said that it is undeniably one of the most sought-after locations for residential property in the emirate. Ideally located off the Shaikh Zayed Road and Jumeirah Beach, but, in close proximity to commercial areas such as the Internet City and Dubai Media City, the Dubai Marina appeals to both business and leisure residents, and would be perfect for investors seeking to take advantage of the ongoing property boom in Dubai.
Dubai Marina also owns the credit of being the largest man-made marina in the world. The prices in the Marina have surged during the last few years, with the average price per square foot increasing from Dh.800 in 2005 to Dh.2000 in 2008, thereby making the area ideal for capital investment. The location of the marina is believed to be the major cause for its continued growth.
Labels: Dubai Marina, Investment Property
Dusit International set to launch the Dusit Residence Dubai Marina
Sunday, August 17, 2008
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Dusit International, the Bangok-based Thai hospitality chain, will shortly launch its first branded residence out of Thailand, with the soft launch of Dusit Residence Dubai Marina.
The landmark tower, which is 35 storey in height, contains 146 premier serviced residences, that face the Dubai Marina. Located ideally in the heart of New Dubai, the Dusit Residence intends to cater to both leisure and business travelers, with only minutes away from the Knowledge Village, Dubai Media City and the Dubai Internet City. The Dusit Residences are easily accessible to the Mall of Emirates and the Ibn Battuta Mall.
The contemporary five-star residence is well-designed with a comprehensive range of integrated facilities for both long and short staying guests, featuring food and beverage outlets, including Dusit Gourmet, Fusion Lounge, fully equipped health center with swimming pool, a spa with Thai massage, foot reflexology, all of which will be ready for customers by later next year.
Among the other amenities are quality brand toasters, washing machines, wireless internet, iPod docking stations, state-of-the-art meeting rooms, mobile office support, all of which can be installed in the guest residence, along with secretarial assistance, if needed.
Dusit Residence Dubai Marina is now, the third Dusit property in Dubai, with a residence in Al Barsha, and a flagship property in Dusit Thani, all of which opened in 2001 and is located at the financial center of Dubai. So far, there are three Dusit properties on Palm Jumeirah, which will be complete within next few years. Another property will be launched in Abu Dhabi by end of next year, and another new Dusit Thani Lake View hotel in Cairo will be open in January 2009.
Labels: Dubai Marina, Dusit Dubai, Luxury Homes
Mada'in Properties launches Dh.1.25bn Marina Arcade
Thursday, April 03, 2008
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Mada'in Properties yesterday announced the launch of their Dh.1.25bn flagship project, Marina Arcade, at Dubai Marina, as an initiative to build a Dh.3bn portfolio in 2008.
The Marnia Arcade is a 60-storey tower, connected to a glass-roofed shopping arcade. Spreading across 950,125.68 square feet in area, it includes seven townhouses with Jacuzzis, and gardens on the Marina Arcade rooftop. It will include single, double, triple bedroom apartments, apart from duplexes and penthouses.
Among the other amenities are parking space capacity for 850 cars, a state-of-the-art gymnasium spread across three floors with each floor covering 38,000 square feet in area, a roof-top garden, jogging track, designer stores and cafes.
The project is expected to be complete by June 2011. The starting price of the apartments are Dh.2,050 per square feet from the sixth floor upwards.
The Marina Arcade is the first of the four projects, likely to be launched this year, with a combined value of Dh.3billion.
Abdul Aziz Al Awar, the Chief Executive Officer of Mada'in Properties, says "The Marina Arcade is an apt tribute to the vision of marina development, apart from Dubai's meteoric ambitions."
Labels: Apartments, Dubai Marina, Penthouse, Real Estate Projects
Dheeeraj East Coast LLC forays into UAE realty sector through a Dh.250m project
Monday, October 29, 2007
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Dheeraj and East Coast LLC (DEC) have announced their plans to enter the booming hospitality sector of UAE though the launch of their first exclusive service apartment project, the Dh.250m Harbour Residences at Dubai Marina.
The project includes a G+19 storey apartment tower and twin two and three bedroom duplex villas. DEC has also entered into an MOU with global majors such as EMCOR Facilities Services for management of its facilities across all projects in the region, which is currently more than 6.5million square feet of development area. The MOU also stipulates that EMCOR will manage the operations, maintenance, and technical services of Harbour Residences, while also providing soft support services such as ongoing maintenance, concierge, housekeeping, laundry, grocery stocking, 24 hour call centers, security and help desk facilities.
The construction work on Harbour Residences will commence during first quarter of 2008. The hotel apartment project will include 187 rooms, a shopping arcade, restaurants and cafes.
The Managing Director of DEC, Dheeraj Wadhawan, mentioned that the this project 'Harbour Residences' will be a valuable addition to the flourishing tourism sector in Dubai, wherein the hospitality sector is currently witnessing tremendous demand for rooms to cater to the increasing tourist traffic.
The project is slated for completion by the year 2010.
The project includes a G+19 storey apartment tower and twin two and three bedroom duplex villas. DEC has also entered into an MOU with global majors such as EMCOR Facilities Services for management of its facilities across all projects in the region, which is currently more than 6.5million square feet of development area. The MOU also stipulates that EMCOR will manage the operations, maintenance, and technical services of Harbour Residences, while also providing soft support services such as ongoing maintenance, concierge, housekeeping, laundry, grocery stocking, 24 hour call centers, security and help desk facilities.The construction work on Harbour Residences will commence during first quarter of 2008. The hotel apartment project will include 187 rooms, a shopping arcade, restaurants and cafes.
The Managing Director of DEC, Dheeraj Wadhawan, mentioned that the this project 'Harbour Residences' will be a valuable addition to the flourishing tourism sector in Dubai, wherein the hospitality sector is currently witnessing tremendous demand for rooms to cater to the increasing tourist traffic.
The project is slated for completion by the year 2010.
Labels: Apartments, Dubai Marina
Diamond Investments announces handing over Marina Diamond IV
Tuesday, September 25, 2007
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Diamond Investments has announced handing over of Marina Diamond IV, the fourth among the group of six buildings in the Dubai Marina. Diamond Investments, are a new class of property developers in Dubai, and a sister concern of Diamond Developers.
Located in the most luxurious neighbourhoods in Dubai Marina, the Marina Diamond IV comprises 200 units, which includes single and double bedroom apartments with various facilities such as the swimming pool, exclusive children's pool and fully equipped gymnasium.
The CEO of Diamond Investments, Fares Saeed, said "Quality, luxurious environment and reasonable prices have been the major factors behind the Diamond's success. We are committed to develop properties in the most innovative manner, and offer tailor-made commercial and residential space to our customers, for their luxury and comfort."
The units were designed as planned by Diamond Investment, for developing a property that is high in quality and affordable in price. Saeed revealed the company's intention to deliver Marina Diamond V and VI during later part of the year, as the demand would only increase after the handing over of the Marina Diamond IV. This brings the total residential units in Dubai to 1300.
Saeed is of the opinion that this increase would supplement the housing equation and will ultimately lead to better stability and maturity in the Dubai property market.
Diamond Investments is also offering a unique customer service program to its tenants. A committed member of the staff will accompany the buyer during the inspection phase and will address any concern that the new owner may seem to have. Also a staff member will conduct a follow-up during the inspection phase to rectify issues, if any, and will stay vigilant to the customer, once they have moved in.
Located in the most luxurious neighbourhoods in Dubai Marina, the Marina Diamond IV comprises 200 units, which includes single and double bedroom apartments with various facilities such as the swimming pool, exclusive children's pool and fully equipped gymnasium.The CEO of Diamond Investments, Fares Saeed, said "Quality, luxurious environment and reasonable prices have been the major factors behind the Diamond's success. We are committed to develop properties in the most innovative manner, and offer tailor-made commercial and residential space to our customers, for their luxury and comfort."
The units were designed as planned by Diamond Investment, for developing a property that is high in quality and affordable in price. Saeed revealed the company's intention to deliver Marina Diamond V and VI during later part of the year, as the demand would only increase after the handing over of the Marina Diamond IV. This brings the total residential units in Dubai to 1300.
Saeed is of the opinion that this increase would supplement the housing equation and will ultimately lead to better stability and maturity in the Dubai property market.
Diamond Investments is also offering a unique customer service program to its tenants. A committed member of the staff will accompany the buyer during the inspection phase and will address any concern that the new owner may seem to have. Also a staff member will conduct a follow-up during the inspection phase to rectify issues, if any, and will stay vigilant to the customer, once they have moved in.
Labels: Apartments, Dubai Marina, Dubai Real Estate, Residential
Marina Plaza, the first commercial tower in Dubai Marina, launched
Saturday, July 14, 2007
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Emaar Properties, the Dubai-based developer, has launched Marina Plaza, the first commercial tower in the Dubai Marina master-development.
The freehold tower with twenty eight storey, forms a part of the Dubai Marina Mall Complex, and is seated on a podium of eight storey, facing the marina. The sales for office space within the tower, begins on Thursday, and the project is due for completion during 2009.
The Sales Director of Emaar, Saif Al Mansoori, said "Marina Plaza addresses the rising demand for business space in Dubai. Investors will be benefited from its ideal location within the most sought-after developments in the city."
The tower is expected to have 160 units, with six units in each floor and a complete penthouse floor.
Each floor will be wholly available for sale. The project will come up adjacent to the Dubai Marina Mall Complex.
The freehold tower with twenty eight storey, forms a part of the Dubai Marina Mall Complex, and is seated on a podium of eight storey, facing the marina. The sales for office space within the tower, begins on Thursday, and the project is due for completion during 2009.
The Sales Director of Emaar, Saif Al Mansoori, said "Marina Plaza addresses the rising demand for business space in Dubai. Investors will be benefited from its ideal location within the most sought-after developments in the city."
The tower is expected to have 160 units, with six units in each floor and a complete penthouse floor.
Each floor will be wholly available for sale. The project will come up adjacent to the Dubai Marina Mall Complex.
Labels: Commercial Property, Dubai Marina, Emmar, Freehold Property, Office Space
Dubai Marina Mall unveiled
Tuesday, June 05, 2007
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Emaar Properties has launched the Dubai Marina Mall complex, comprising an entertainment and shopping center. The Dubai Marina Mall, situated along the waterfront, is scheduled for opening during mid-2008.
The complex covers an area of 42,000 Sq. Mts., and comprises of various retail outlets that offer a wide range of shopping options, a Cineplex, restaurants, cafes and children's entertainment area. The basement will be of two levels, in addition to a five storey parking area that has the capacity to accommodate 3000 vehicles.
The retail subsidiary of Emaar Properties, the Emaar Malls Group, is expected to lease the retail space soon. The mall focuses on a balanced entertainment and retail facility to suit the requirements of visitors and the residents of Dubai Marina.
The Chief Executive of the Emaar Malls Group, Rashid Doleh, says "Dubai Marina is one of the most fashionable lifestyle neighbourhoods in the city, and the Dubai Marina Mall will enhance the quality of living of residents by serving as a one-stop shopping and entertainment destination"
Dubai Marina Mall is expected to have a strong clientele with the 75,000 odd population of Dubai Marina, and several thousand residents residing in the waterfront neighbourhood.
The complex covers an area of 42,000 Sq. Mts., and comprises of various retail outlets that offer a wide range of shopping options, a Cineplex, restaurants, cafes and children's entertainment area. The basement will be of two levels, in addition to a five storey parking area that has the capacity to accommodate 3000 vehicles.
The retail subsidiary of Emaar Properties, the Emaar Malls Group, is expected to lease the retail space soon. The mall focuses on a balanced entertainment and retail facility to suit the requirements of visitors and the residents of Dubai Marina.
The Chief Executive of the Emaar Malls Group, Rashid Doleh, says "Dubai Marina is one of the most fashionable lifestyle neighbourhoods in the city, and the Dubai Marina Mall will enhance the quality of living of residents by serving as a one-stop shopping and entertainment destination"
Dubai Marina Mall is expected to have a strong clientele with the 75,000 odd population of Dubai Marina, and several thousand residents residing in the waterfront neighbourhood.
Labels: Dubai Marina, Emmar, Shopping Mall
Marina Project of UAQ reaches Second Phase
Sunday, February 04, 2007
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It has been said that Emaar is presenting three to four bedroom villas in a two storey for Dh.2.04 million during the phase 2 of Umm Al Quwain Marina, at the Mistral Community.
Umm Al Quwain Marina is basically a joint venture between the Governments of Emaar Middle East and Umm Al Quwain, which is likely to launch the second phase soon.
The Mistral Community consists of a spectrum of Portuguese and Spanish style villas. The sizes of three and four bedroom villas of the two storey range from 3,458 Sq. Ft to 4,311 Sq. Ft.
Ahmad Al Matroushi, Managing Director of Emaar Properties for UAE and the member of Board of Directors for Emaar Middle East, mentioned that the investor response has been encouraging and that the launching of the second phase might take place earlier than scheduled. He also mentioned that the potential investors can visit the Sales Center of Umm Al Quwain for gathering more details on the villas and to get an overview of the project. He added that the wonderful response received during the first sale of the project is a clear indication of the faith of the home-owners in the project.
Umm Al Quwain Marina is basically a joint venture between the Governments of Emaar Middle East and Umm Al Quwain, which is likely to launch the second phase soon.
The Mistral Community consists of a spectrum of Portuguese and Spanish style villas. The sizes of three and four bedroom villas of the two storey range from 3,458 Sq. Ft to 4,311 Sq. Ft.
Ahmad Al Matroushi, Managing Director of Emaar Properties for UAE and the member of Board of Directors for Emaar Middle East, mentioned that the investor response has been encouraging and that the launching of the second phase might take place earlier than scheduled. He also mentioned that the potential investors can visit the Sales Center of Umm Al Quwain for gathering more details on the villas and to get an overview of the project. He added that the wonderful response received during the first sale of the project is a clear indication of the faith of the home-owners in the project.
Labels: Dubai Marina
Emaar launches Nuran
Wednesday, November 15, 2006
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Emaar Properties launched Nuran Al Majara Residences at Dubai Marina. It is a subsidiary of Emaar Hospitality Group LLC and offers fully-serviced residences.
‘Nuran’ is an Arabic name and means two lights, representing the sun and the moon.
Nuran Al Majara Residences at Dubai Marina has 90 fully-furnished residences fully serviced, ranging from studios to three-bedrooms. Its location offers convenient access to the Jebel Ali Free Zone, Dubai Internet City, Dubai Media City, Knowledge Village and Emirates Golf Club.
All residences are fully equipped with modern household conveniences and appliances. Recreational facilities include a complete range of health and fitness facilities within the premises.
"Nuran highlights a philosophy built on "Always" marked by pre-emptive, warm and sincere service, which is unceasingly attentive and yet appropriately discreet,” said Esther Wai, General Manager, Nuran Serviced Residences.
‘Nuran’ is an Arabic name and means two lights, representing the sun and the moon.
Nuran Al Majara Residences at Dubai Marina has 90 fully-furnished residences fully serviced, ranging from studios to three-bedrooms. Its location offers convenient access to the Jebel Ali Free Zone, Dubai Internet City, Dubai Media City, Knowledge Village and Emirates Golf Club.
All residences are fully equipped with modern household conveniences and appliances. Recreational facilities include a complete range of health and fitness facilities within the premises.
"Nuran highlights a philosophy built on "Always" marked by pre-emptive, warm and sincere service, which is unceasingly attentive and yet appropriately discreet,” said Esther Wai, General Manager, Nuran Serviced Residences.
Labels: Dubai Marina, Emaar
Dheeraj East Coast to come up with 16 projects
Thursday, November 09, 2006
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Dheeraj East Coast (DEC), a joint venture between India’s Dheeraj Group and the East Coast Group announced the launch of 16 projects worth $1 billion (Dh3.6 billion). DEC took off with its maiden project DEC Towers which is worth Dh300 million in Emaar's Dubai Marina. It is a twin-tower with 21 and 25-storey residential area and an L-shaped retail segment on the ground floors.
The company has managed to buy plots and is developing many projects in Business Bay, Jumeirah South Village and Culture Village. In Dubai Marina alone, DEC has six plots and its investments in this community are in the range of Dh1.5 billion. The company is ready to launch a new residential project, Marina Wharf II.
In Business Bay, DEC is coming up with three commercial towers at an investment of approximately Dh800 million. The projects will include a unique corporate tower which will be developed on 650,000 square feet and will offer single unit office space as large as 3,500 square feet. The project is also proposed to have a strong retail component on the ground floors while on rooftop with a revolving restaurant.
The company has managed to buy plots and is developing many projects in Business Bay, Jumeirah South Village and Culture Village. In Dubai Marina alone, DEC has six plots and its investments in this community are in the range of Dh1.5 billion. The company is ready to launch a new residential project, Marina Wharf II.
In Business Bay, DEC is coming up with three commercial towers at an investment of approximately Dh800 million. The projects will include a unique corporate tower which will be developed on 650,000 square feet and will offer single unit office space as large as 3,500 square feet. The project is also proposed to have a strong retail component on the ground floors while on rooftop with a revolving restaurant.
Labels: Business Bay, Dubai Marina
