Work on private projects at The World to begin soon
Friday, January 29, 2010
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Nakheel has confirmed that construction would soon commence on its off-shore island development, The World.
The confirmation about the beginning of the work began when the European developer, Major Trade, announced commencement of work on its island project. Ground works, including soil testing have begun and reclaiming of the island plot and vibro-compaction will begin in February 2010, the Company said.
The Kliendienst Group last month announced that it would begin construction on its Germany Island, part of the Dh.3.1bn Heart of Europe development.
The Managing Director of Nakheel, Marwan Al Qamzi said that The World is an attractive project, given its differentiated offering and close proximity and accessibility to developing markets.
The Arabian architectural and cladding specialist, Arabian Profile Company Limited and Canadian Gulf Construction have been engaged to carry out construction work on the development. The logistics for the project will function out of The World Construction Logistics Port located at Mina Rashid, operated by Penguin Marine Boats Services.
The Managing Director of Major Trade, Viktor Herceg, expressed confidence that on completion of the project, it will generate huge demand for luxury residences. He added that Nakheel has been very supportive as the company has been striving to develop its first island development.
Located at the tip of the Greenland area of The World, the island includes a modern residential villa development and a luxury boutique hotel.
Major Trade is the real estate development investment arm and special purpose vehicle for a mid-sized European residential property developer, particularly responsible for luxury, and high-end developments in Dubai.
The work will begin on as many as 20 islands this year, Nakheel confirmed. The buyers have revised few of their initial designs taking into account the economy, and are now moving ahead with their construction works.
The confirmation about the beginning of the work began when the European developer, Major Trade, announced commencement of work on its island project. Ground works, including soil testing have begun and reclaiming of the island plot and vibro-compaction will begin in February 2010, the Company said.
The Kliendienst Group last month announced that it would begin construction on its Germany Island, part of the Dh.3.1bn Heart of Europe development.
The Managing Director of Nakheel, Marwan Al Qamzi said that The World is an attractive project, given its differentiated offering and close proximity and accessibility to developing markets.
The Arabian architectural and cladding specialist, Arabian Profile Company Limited and Canadian Gulf Construction have been engaged to carry out construction work on the development. The logistics for the project will function out of The World Construction Logistics Port located at Mina Rashid, operated by Penguin Marine Boats Services.
The Managing Director of Major Trade, Viktor Herceg, expressed confidence that on completion of the project, it will generate huge demand for luxury residences. He added that Nakheel has been very supportive as the company has been striving to develop its first island development.
Located at the tip of the Greenland area of The World, the island includes a modern residential villa development and a luxury boutique hotel.
Major Trade is the real estate development investment arm and special purpose vehicle for a mid-sized European residential property developer, particularly responsible for luxury, and high-end developments in Dubai.
The work will begin on as many as 20 islands this year, Nakheel confirmed. The buyers have revised few of their initial designs taking into account the economy, and are now moving ahead with their construction works.
Labels: Luxury Homes, Nakheel, The World
DPG announces leasing of villas in Shorooq
Thursday, September 17, 2009
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Dubai Properties Group (DPG), a member of Dubai Holding, has announced that it would begin leasing a diverse section of spacious villas in Shorooq.
Located in the heart of Mirdiff, the new development is one of the most sought-after communities for families in the emirate.
Shorooq is a unique alternative to high-rise living, offering families the security of a high-end community, away from the hustle-bustle of the city.
Shorooq is easily accessible from arterial highways Al Khail Road and Emirates Road, and is conveniently located adjacent to Rashidiya Metro Station, and the Dubai International Airport. The family-friendly development also offers easy access to schools, shopping centers, including the popular Uptown Mirdiff and the new Mirdiff City Center Mall.
The delivery of Shorooq units meets considerable requirement for affordable, family-sized units and offers a range of leasing options, said Khalid Al Malik, CEO of Dubai Properties Group.
There are about 350 villas that are now available for lease, including three-bedroom and four-bedroom villas. The introductory promotional packages will be offered during initial stages of leasing.
The Dubai Properties Group is currently leasing out residential and commercial units at Cordoba Villas, Jumeirah Beach Residence, Al Khail Gate, Al Razi Residence, Al Waha, and the Office Park at Dubai Internet City.
The Group has also announced plans to showcase its landmark developments due for handover during this year's Cityscape Dubai 2009, to be held at the Dubai International Convention and Exhibition Center between 5th and 8th October.
Among the projects to be featured are The Executive Towers, Vision Towers, Shorooq, Al Waha and The Villa.
Located in the heart of Mirdiff, the new development is one of the most sought-after communities for families in the emirate.
Shorooq is a unique alternative to high-rise living, offering families the security of a high-end community, away from the hustle-bustle of the city.
Shorooq is easily accessible from arterial highways Al Khail Road and Emirates Road, and is conveniently located adjacent to Rashidiya Metro Station, and the Dubai International Airport. The family-friendly development also offers easy access to schools, shopping centers, including the popular Uptown Mirdiff and the new Mirdiff City Center Mall.
The delivery of Shorooq units meets considerable requirement for affordable, family-sized units and offers a range of leasing options, said Khalid Al Malik, CEO of Dubai Properties Group.
There are about 350 villas that are now available for lease, including three-bedroom and four-bedroom villas. The introductory promotional packages will be offered during initial stages of leasing.
The Dubai Properties Group is currently leasing out residential and commercial units at Cordoba Villas, Jumeirah Beach Residence, Al Khail Gate, Al Razi Residence, Al Waha, and the Office Park at Dubai Internet City.
The Group has also announced plans to showcase its landmark developments due for handover during this year's Cityscape Dubai 2009, to be held at the Dubai International Convention and Exhibition Center between 5th and 8th October.
Among the projects to be featured are The Executive Towers, Vision Towers, Shorooq, Al Waha and The Villa.
Labels: Leasing, Luxury Homes, Villa Projects
Dubai luxury properties shows positive signs after bottoming out
Tuesday, June 16, 2009
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Prices of residential properties even in the best localities in Dubai, had hit the bottom, and are now once-again witnessing an increase of 20 to 40 percent, it has been revealed.
The Managing Director of Harbour Real Estate, Mohanad Al Wadiya, mentioned that recently an increase in activity has been noticed from potential buyers, who intend to purchase luxury properties, as prices are now hitting bottom. Iconic locations such as the Downtown Burj Dubai and The Palm Jumeirah are among the topmost in this revival list.
He revealed that last week, the company sold a single bedroom apartment at Downtown Burj Dubai (with Burj view) for Dh.2.1million, which was going out for Dh.1.7m to Dh.1.8m in December 2008.
The average prices for signature villas on The Palm Jumeirah was in the range of Dh.9mn to Dh.17mn during last December, but currently they are in the range of Dh.12.5m to Dh.19m, Wadiya said.
The Associate Director for Group Seven Properties, Jose I Murcia, said that luxury residential prices have stopped declining, but luxury commercial properties are continuing to slide. Locations such as Downtown Burj Dubai and The Palm Jumeirah are iconic, and with drop in prices, it makes an attractive proposition for buyers.
The Chief Operating Officer of Al Barari, Mohammed Zaal, agreed that prices have fallen in the luxury realty market, but not significantly. The prices have reduced by as little as 20 percent from their peak last year, as most of the demand for properties is from the end-users.
People intending to put money into high-end properties are long-term investors seeking to keep the investments even during recession. Such individuals do not require financial banking, and are willing to put forward anything required even if it means that they will get the level of quality they are looking for in their homes.
The Managing Director of Harbour Real Estate, Mohanad Al Wadiya, mentioned that recently an increase in activity has been noticed from potential buyers, who intend to purchase luxury properties, as prices are now hitting bottom. Iconic locations such as the Downtown Burj Dubai and The Palm Jumeirah are among the topmost in this revival list.
He revealed that last week, the company sold a single bedroom apartment at Downtown Burj Dubai (with Burj view) for Dh.2.1million, which was going out for Dh.1.7m to Dh.1.8m in December 2008.
The average prices for signature villas on The Palm Jumeirah was in the range of Dh.9mn to Dh.17mn during last December, but currently they are in the range of Dh.12.5m to Dh.19m, Wadiya said.
The Associate Director for Group Seven Properties, Jose I Murcia, said that luxury residential prices have stopped declining, but luxury commercial properties are continuing to slide. Locations such as Downtown Burj Dubai and The Palm Jumeirah are iconic, and with drop in prices, it makes an attractive proposition for buyers.
The Chief Operating Officer of Al Barari, Mohammed Zaal, agreed that prices have fallen in the luxury realty market, but not significantly. The prices have reduced by as little as 20 percent from their peak last year, as most of the demand for properties is from the end-users.
People intending to put money into high-end properties are long-term investors seeking to keep the investments even during recession. Such individuals do not require financial banking, and are willing to put forward anything required even if it means that they will get the level of quality they are looking for in their homes.
Labels: Luxury Homes, Property Prices
Nurai project on its way towards completion by December 2010
Saturday, June 13, 2009
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Zaya, the UAE-based real estate developer, plans to deliver on schedule (by December 2010), its Dh.3bn Island project Nurai, which comprises 31 high-end beachfront estates and 36 water villas,
The Chief Executive Officer of Zaya, Nadia Zaal, when speaking to media, mentioned that at present the project is a little ahead of schedule. The number of workers on the project will double over the next couple of months, from the current 200 workers.
The properties that are already sold by Zaya on Nurai are in the range of Dh.55mn to Dh.65mn. About 40 out of 67 units in the projects have already been sold. The top-most unit at Nurai will be sold for nearly Dh.100mn, though it won't be sold before completion of the project, Zaal said.
The owners of units at Nurai can even rent out the units, with service charges per unit rated as Dh.180,000 per year. There will also be a hotel project on Nurai, which would include 45 villas, the work on this will commence on September.
Located four kilometers away from the Saadiyat Island, the entire project management is managed by Zaya Retreats.
Zaal agreed that the Nurai project in terms of development area is 300mn square feet, and the project is financed by a group of banks. On completion, Nurai will have the latest spa, tennis courts, and movie theaters. Nurai is a luxury property known for its privacy.
The Chief Executive Officer of Zaya, Nadia Zaal, when speaking to media, mentioned that at present the project is a little ahead of schedule. The number of workers on the project will double over the next couple of months, from the current 200 workers.
The properties that are already sold by Zaya on Nurai are in the range of Dh.55mn to Dh.65mn. About 40 out of 67 units in the projects have already been sold. The top-most unit at Nurai will be sold for nearly Dh.100mn, though it won't be sold before completion of the project, Zaal said.
The owners of units at Nurai can even rent out the units, with service charges per unit rated as Dh.180,000 per year. There will also be a hotel project on Nurai, which would include 45 villas, the work on this will commence on September.
Located four kilometers away from the Saadiyat Island, the entire project management is managed by Zaya Retreats.
Zaal agreed that the Nurai project in terms of development area is 300mn square feet, and the project is financed by a group of banks. On completion, Nurai will have the latest spa, tennis courts, and movie theaters. Nurai is a luxury property known for its privacy.
Labels: Luxury Homes, Villa Projects
Al Barari residential development to release 500 units into the market
Saturday, March 14, 2009
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The officials at Al Barari residential development in Dubai revealed that the second phase of their project would release 500 apartments, ranging in size from 2000 square feet to 10,000 square feet, and will be worth $1.3mn to $5mn, depending on the size.
The apartments are targeted at people who wish to live in Al Barari, but, find the villas beyond their reach. The second phase of the project would include a spa, a hotel, and a cultural village, said David Stafford, Chief Sales and Marketing Officer, Al Barari.
About 5000 workers are working on-site at Al Barari currently, as the project enters into the final stretch of phase one, with 95 villas more to be handed over in September.
The first phase of the project comprises 290 villas and 170 units, that have already been sold to clients, who include buyers from the UK, Asia, the US and Australia.
Zaal Mohammad Zaal, the Chairman of Al Barari, said that the landscaping for the project is being planned considering the geographical location of Dubai, and comparing it to other countries that share the same geographical location, and same climate zone. About Dh.1.4bn has been dedicated to plants and greenery in the project, and emphasis is being laid on the greenery of the project.
The apartments are targeted at people who wish to live in Al Barari, but, find the villas beyond their reach. The second phase of the project would include a spa, a hotel, and a cultural village, said David Stafford, Chief Sales and Marketing Officer, Al Barari.
About 5000 workers are working on-site at Al Barari currently, as the project enters into the final stretch of phase one, with 95 villas more to be handed over in September.
The first phase of the project comprises 290 villas and 170 units, that have already been sold to clients, who include buyers from the UK, Asia, the US and Australia.
Zaal Mohammad Zaal, the Chairman of Al Barari, said that the landscaping for the project is being planned considering the geographical location of Dubai, and comparing it to other countries that share the same geographical location, and same climate zone. About Dh.1.4bn has been dedicated to plants and greenery in the project, and emphasis is being laid on the greenery of the project.
Labels: Luxury Homes, Villa Projects
The Golf Community by Tiger Woods Dubai nearing completion
Thursday, November 13, 2008
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A member of Tatweer Dubai, The Tiger Woods, revealed that the construction work on the 55million square feet golf community development is heading towards its scheduled completion by the end of 2009.
The project has met with considerable progress across all facets of development, including the Al Ruwaya Golf Course, the world's first to accept design cues from the Champion Golfer. A boutique hotel and a club house designed by Elie Saab are also coming as per plan.
According to The Tiger Woods Dubai, there is a huge demand ever-since the launch of sales in July and the development is drawing good end-users and investor response.
The Project Director of The Tiger Woods Dubai, Abdulla Al Gurg, said that the timely progress made by the company indicates the commitment by the company to deliver promises not only with regard to completion dates, but also with creating a development which would be one of the much sought after golf destinations in the world.
A major component that has registered a steady progress is the Al Ruwaya Golf Course, wherein the 13 holes have been rough shaped and detailed shaping is in progress on nine of the holes. Irrigation, landscape and drainage is being installed on the first few holes.
Construction of lakes is also making progress inline with the proposed date of complete of the golf course.
The final design stages for the exclusive 360,000 square foot luxury boutique hotel is being finalized, with the construction of exclusive hotel, due to commence next month. It would near completion towards fourth quarter of 2010.
The Tiger Woods Dubai has also recently entered into a deal with the renowned three-star Michelin Chef Guy Savoy for a signature restaurant, his first ever debut in the Middle East at the boutique hotel.
The hotel will include 90 suites, 14 bungalows in the range of 1300 to 9500 square feet. Spreading across a 10,000 square foot oasis-style swimming pool and spa, the hotel targets the top-tier clients.
The project has met with considerable progress across all facets of development, including the Al Ruwaya Golf Course, the world's first to accept design cues from the Champion Golfer. A boutique hotel and a club house designed by Elie Saab are also coming as per plan.
According to The Tiger Woods Dubai, there is a huge demand ever-since the launch of sales in July and the development is drawing good end-users and investor response.
The Project Director of The Tiger Woods Dubai, Abdulla Al Gurg, said that the timely progress made by the company indicates the commitment by the company to deliver promises not only with regard to completion dates, but also with creating a development which would be one of the much sought after golf destinations in the world.
A major component that has registered a steady progress is the Al Ruwaya Golf Course, wherein the 13 holes have been rough shaped and detailed shaping is in progress on nine of the holes. Irrigation, landscape and drainage is being installed on the first few holes.
Construction of lakes is also making progress inline with the proposed date of complete of the golf course.
The final design stages for the exclusive 360,000 square foot luxury boutique hotel is being finalized, with the construction of exclusive hotel, due to commence next month. It would near completion towards fourth quarter of 2010.
The Tiger Woods Dubai has also recently entered into a deal with the renowned three-star Michelin Chef Guy Savoy for a signature restaurant, his first ever debut in the Middle East at the boutique hotel.
The hotel will include 90 suites, 14 bungalows in the range of 1300 to 9500 square feet. Spreading across a 10,000 square foot oasis-style swimming pool and spa, the hotel targets the top-tier clients.
Labels: Community, Construction Projects, Golf property, Luxury Homes
New Royal Bay project, worth Dh.1.8bn unveiled at Dubai Waterfront
Thursday, November 06, 2008
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A new Dh.1.8bn Royal Bay project was unveiled at the Dubai Waterfront by the developer VIP Waterfront.
Complete with two helipads to enable access, the Royal Bay development covers a built-up area of more than 1.2mn square feet. The development includes a 158 units residential tower and a penthouse. About 107 offices are situated within its commercial tower. Both towers are linked at one level with a floor which includes a spa and a gymnasium.
The development also houses 12 villas and two palaces and a three-storey shopping mall. The helipads will ease transportation within the locality.
The Chief Executive Officer of VIP Waterfront, Slava Garin said that heli-transportation will soon be a part of future transportation in the country.
Royal Bay is situated in proximity to the Dubai World Central, the largest international airport, and hence its easier to reach the place, as even car traffic is restricted in the Waterfront, he added.
The apartment prices begin with Dh.2300 per square foot, and starts with Dh.2700 per square foot for villas.
Royal Bay will be displayed at the International Property Show in Moscow early next week.
Labels: Luxury Homes, Water front
Dubailand breaks ground for the region's first spa lifestyle community 'Palmarosa'
Wednesday, October 22, 2008
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Dubailand, the tourism destination and member of Tatweer, announced that it has broken ground for the first spa lifestyle community in the Middle East, the Dh.1.5bn 'Palmarosa Project.'
The Senior Vice-President of Dubailand, Mohammed Al Habbai, and Chief Executive Officer of Palmarosa, Gaurav Goel, together held the groundbreaking for the 2.5mn square feet project.
The project would include 217 villas and townhouses, club houses, offices, serviced apartments, five-star hotel and a spa mall. The well-designed villas and townhouses at Palmarosa inspire a feeling of tranquility, security and contentment. The residents at Palmarosa will get to enjoy the legendary hospitality at one of the most idealistic five-star retreats in the world, the 'Palmarosa Luxury Hotel'.
The development also features one of the largest spa treatment amenities in the region, along with a blend of traditional and advanced therapy treatments.
Located off Emirates Road, behind the Arabian Ranches, featuring the majestic palms, bubbling fountains and unique variety of plants and flowers, the Palmarosa will be the primary botanical wonder of Dubai, the company revealed.
"The groundbreaking for Palmarosa project indicates our commitment towards delivering projects on schedule, and our keenness in offering integrated complementary services that cater to the entire family," said Al Habbai.
"At Dubailand, we aim to offer a range of diverse offerings from leisure and entertainment to arts, sports and culture, complemented by a luxurious lifestyle. We are confident that Palmarosa will contribute considerably to the well-being of residents and seek holistic retreat, even when remaining in contact with the vibrancy of city life," he said.
The Senior Vice-President of Dubailand, Mohammed Al Habbai, and Chief Executive Officer of Palmarosa, Gaurav Goel, together held the groundbreaking for the 2.5mn square feet project.
The project would include 217 villas and townhouses, club houses, offices, serviced apartments, five-star hotel and a spa mall. The well-designed villas and townhouses at Palmarosa inspire a feeling of tranquility, security and contentment. The residents at Palmarosa will get to enjoy the legendary hospitality at one of the most idealistic five-star retreats in the world, the 'Palmarosa Luxury Hotel'.
The development also features one of the largest spa treatment amenities in the region, along with a blend of traditional and advanced therapy treatments.
Located off Emirates Road, behind the Arabian Ranches, featuring the majestic palms, bubbling fountains and unique variety of plants and flowers, the Palmarosa will be the primary botanical wonder of Dubai, the company revealed.
"The groundbreaking for Palmarosa project indicates our commitment towards delivering projects on schedule, and our keenness in offering integrated complementary services that cater to the entire family," said Al Habbai.
"At Dubailand, we aim to offer a range of diverse offerings from leisure and entertainment to arts, sports and culture, complemented by a luxurious lifestyle. We are confident that Palmarosa will contribute considerably to the well-being of residents and seek holistic retreat, even when remaining in contact with the vibrancy of city life," he said.
Labels: Dubailand, Luxury Homes, Villa Projects
Al Barari properties earn good demand from world's super-rich
Saturday, October 18, 2008
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According to a property developer in Dubai, its new $6.4bn luxury residential development has drawn more billionaires than in any other part of the world.
Located off the Emirates Road in Dubailand, the villas and apartments of the Al Barari mixed-use development, in the Nad Al Sheba area, are being snapped up by the super-rich.
The Chairman of Al Barari, Zaal Mohammad Zaal, agreed that Al Barari has more billionaires per square meter, than anywhere else.
"Most of our buyers are what you call 'old money'. They are the end-users and we hardly have speculators," he said.
Mohammad Zaal refused to give details, but said that the people here love their privacy. About 300 secluded villas, amidst lakes and trees, are spread across 14.2million square feet of space. Al Barari is one of the lowest density developments in the region, and more than 80 percent of it is in the un-built area.
The villas have a starting price of $10.3mn, and the apartment prices range from $1.4mn to $4mn. Phase one of the project, which includes 300 villas, is about 75 percent complete. The earthworks and infrastructure will begin towards the end of the year during phase two, which includes 32 villas, a six-star boutique hotel, apartments, spa and resort, gardens, shopping areas, apartments, culture village and a grand mosque.
About 200 villas of phase have already been sold, and a huge demand is being witnessed for phase two of the project. The entire scheme would be complete towards end of 2011.
Located off the Emirates Road in Dubailand, the villas and apartments of the Al Barari mixed-use development, in the Nad Al Sheba area, are being snapped up by the super-rich.
The Chairman of Al Barari, Zaal Mohammad Zaal, agreed that Al Barari has more billionaires per square meter, than anywhere else.
"Most of our buyers are what you call 'old money'. They are the end-users and we hardly have speculators," he said.
Mohammad Zaal refused to give details, but said that the people here love their privacy. About 300 secluded villas, amidst lakes and trees, are spread across 14.2million square feet of space. Al Barari is one of the lowest density developments in the region, and more than 80 percent of it is in the un-built area.
The villas have a starting price of $10.3mn, and the apartment prices range from $1.4mn to $4mn. Phase one of the project, which includes 300 villas, is about 75 percent complete. The earthworks and infrastructure will begin towards the end of the year during phase two, which includes 32 villas, a six-star boutique hotel, apartments, spa and resort, gardens, shopping areas, apartments, culture village and a grand mosque.
About 200 villas of phase have already been sold, and a huge demand is being witnessed for phase two of the project. The entire scheme would be complete towards end of 2011.
Labels: Al-Barari, Dubailand, Luxury Homes
Aristocrat Star unveils Dh.5bn worth Royal Estates Community
Sunday, October 12, 2008
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The Chief Executive of Aristocrat Star Investment, Osman Valli, revealed that about 90 percent of the apartments are either studios or single-bedroom apartments, priced at Dh.1400 per square foot.
A UK-based real estate, retail and manufacturing conglomerate, Aristocrat Star Investments, launched Dh.5bn worth mixed-use developments in Dubai.
Targeted at the high-end market, the Royal Estates Community, spreads across 3.5mn square feet, and is located in the Dubai Investment Park.
The residential district has about 34 villas with five bedrooms each, 200 townhouses with four bedrooms each, and about 810 apartments.
The Gateway Apartments and Park View Apartments are a collection of six-storey low-rise residential buildings, located at the entrance of the Royal Estates residential community.
The Chief Executive of Aristocrat Star Investment, Osman Valli, revealed that about 90 percent of the apartments are either studios or single-bedroom apartments, priced at Dh.1400 per square foot.
The commercial buildings will offer about 852 offices, while the retail will include about 850,000 square foot boutique retail mall.
The hospitality aspect of the development will include Dh.180mn hotel and hotel apartments worth Dh.400mn. The company is under talks with Kempinski to have its Shaza Hotels brand manage the 380-room five-star restaurant.
Construction will commence next January, and will be complete within two years.
The group will launch another two properties during the coming months. A Dh.3bn project is planned at Al Marjan to be launched in four to six weeks, while a Dh.6bn project, spreading about 4million square feet is also in pipeline for UK-based investors.
Labels: Community, Luxury Homes, Residential, Townhouses
World's first Michael Schumacher World Champion Tower in Abu Dhabi
Wednesday, October 08, 2008
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The Central Business District of Abu Dhabi's Reem Island will be home to the World's first Micahel Schumacher World Champion Tower (MSWCT), which was launched yesterday.
The wharf tower, which will emerge from the sea, will be wonderfully integrated with the water on the seafront and will comprise a luxurious marina.
The Central Business District of Abu Dhabi's Reem Island will be home to the World's first Micahel Schumacher World Champion Tower (MSWCT), which was launched yesterday.The wharf tower, which will emerge from the sea, will be wonderfully integrated with the water on the seafront and will comprise a luxurious marina.
Developed by the Marasi and PNYG:COMPANY, the tower will be an iconic landmark, symbolizing a blend of human tenacity with high technology, which motivated Michael Schumacher to his sporting achievements.
The CEO of Marasi, Michael Kutschenreuter, said that Marasi will specialize in offering solutions for people who intend to combine together their residential location and immediate access to their yachts.
The MSWCT cutting edge technology, coupled with the inspiring design, will form a unique living community with a spectacular backdrop, he said.
The MSWCT Reem Island is the first among several such projects planned by Marasi. It is hoped to be one of the most prestigious residential addresses in the world, representing a true blend of wharf concept with unprecedented luxury living.
PNYG holds exclusive rights to Michael Schumacher Branded Luxury Real Estate. MSWCT includes values and qualities that make Michael Schumacher successful as racing driver. Every feature of the building technique used, to the smallest details contained within, has been so designed, that it reflects the standards which make his racing career so successful.
The MSWCT will be the first of seven such towers planned to be built across the world. The towers would symbolize each of the seven Formula One (F1) World Championship titles won by Michael Schumacher during his career.
The ecological impact of the tower will be limited. Even to achieve a small carbon footprint, Marasi will be employing the most conscientious and advanced methods available.
Deyaar has been appointed as the exclusive sales agent for MSWCT. The CEO of Deyaar, Markus Giebel, said that being the regions fastest growing developer, Deyaar is delighted to be associated with this coveted project. This unique tower offers Deyaar the perfect opportunity to enter the iconic building market.
Labels: Abu Dhabi, Al Reem Island, Deyaar, Luxury Homes
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
Luxury project Le Stelle in Dubailand by Al Barakah Group
Tuesday, September 16, 2008
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A member of The Al Barakah Group of Companies, EGSI Group, has unveiled a new Dh.4.5billion worth ultra luxury project Le Stelle in Dubailand.
The Iconic Five Towers, located in Majan-Mizin, Dubailand, spread across 2.2million square feet, overlook the prestigious Al Barari development. Designed by Heerim, the renowned international firm of Architects and Planners from South Korea, all apartments are equipped with state-of-the-art Smart Home Technologies.
The project marks the entry by EGSI Group into the high-end luxury segment and targets the connoisseurs of fine living.
Resting on a distinct and stylish boat-shaped podium, the towers - Orione, Sirio, Vega, Fenice and Electra, exhibit Italian glamour, with innovative architecture, stylish interiors, exquisitely designed.
The G+30 development with full glass exterior, has a four-tier podium which has about 180,000 square feet of space earmarked for recreational amenities, swimming pools and relaxing lounges. The podium surface includes walkways, landscaped gardens, and water features.
The 'Smart Home' technologies equipped apartments offer spacious studios, single bedroom, double bedroom, triple bedrooms, and luxurious penthouses, with huge sky gardens and infinity swimming pools, set amidst lush green surroundings of Majan.
Speaking during the launch of Le Stelle, Imran Khan, CEO of EGSI and Al Barakah, said "Le Stelle is another great project from Al Barakah. The unique location in the heart of Downtown Dubailand, which overlooks Al Barari, adds immense value to the project that is likely to stand out for its modern design, stylish interiors and architecture. This being our maiden project with EGSI brand, we envision the five towers to radiate the brilliance of The Stars that they are named after".
The sale and marketing of 'Sirio' and 'Orione' towers will be handled by 'Let's Talk Real Estate'.
Le Stelle, is sure to prove to be a landmark development in Dubailand.
Le Stelle, is sure to prove to be a landmark development in Dubailand.
Al Barakah is a leading Dubai-based real estate group, which has marked its strong presence in all sectors of real estate value-chain and project portfolio of more than Dh.12bn.
Labels: Dubailand, Luxury Homes, New Developments
ADIH to launch $7bn worth mixed-use residential, retail project series
Friday, September 12, 2008
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The Abu Dhabi Investment House (ADIH) has announced the launch of new Dh.7.36bn realty project in the UAE capital, towards end of this year. The property, 'Porta Moda Abu Dhabi' would represent a three-year old entry by the company into the UAE property sector.
'Porta Moda' is the brand name of $7bn worth series of mixed-use residential and retail projects by ADIH, which focuses on fashion, furniture, jewelry, and luxury living from both retail and academic aspects to form style and design hubs in select emerging markets.
Being the first of its kind, to bring in the 'Style City' concept, this mixed-use development includes residential and retail components that lay emphasis on fashion and style. The city will feature grand fashion district with premium luxury brands in fashion, jewelry and interior design fields. An educational district containing institutions for the same, apart from museums and exhibition centers, and residential and leisure district with studios, luxury villas, townhouses, cafes, renowned restaurants, boutique hotels and spas.
The company has signed agreements with Emirates International Properties for creating Porta Moda Abu Dhabi, and with the Gulf Finance House for forming properties in Morocco and in Tunisia.
The Managing Director of ADIH, Rashad Yusuf Janahi, said, the company is all set to announce the project in Abu Dhabi by end of the year, under the theme Porta Moda, and the size of the project is about $2billion.
The concept will also be implemented in Tunisia, Morocco, Qatar and India, he added. The Porta Modas being planned around the world are being done on par with high international standards. Studies have indicated that there is a growing interest and trend among young adults to study aesthetics and art. With Style City being within their geographic reach, they can now gain education and training at the hands of international talents and expertise.
Developments in property sector these days are being driven by demand for more housing units in towns and cities due to growing urbanization in these countries, high disposable incomes, burgeoning middle class, easy availability of housing finance at cheaper rates and tax incentives. With such a combination of factors, Porta Moda offers unprecedented investment opportunity for investors seeking to diversify their portfolio by region and industry.
Labels: Abu Dhabi, Luxury Homes, New Developments
Ferretti, ACI launches Ferretti and Pershing luxury waterfront residences
Saturday, August 30, 2008
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The Ferretti Group, together with ACI Real Estate has launched two luxury waterfront residences - Ferretti Luxury Beach Residence, and Pershing Luxury Beach Residence.
This freehold ownership project, named as 'Marine ', is worth about Dh.6bn, covering about 1,969,607 square feet of saleable area at the Waterfront.
The twin tower, with its landscaped gardens, set amidst canal and sea views, offers the latest in amenities such as pool, fitness center, sauna and Jacuzzi, with eight luxury yachts per brand for residents to charter at their preferred rates. These yachts will be purchased by the ACI Group.
The twin tower Ferretti Beach Residents will include 44 storeys each, while the Pershing Luxury Beach Residence will have 41 storeys, apart from individual retail units at the ground floor of each tower.
The project is slated for completion by 2011. Robin Lohmann, the Managing Director, ACI Real Estate, said that this deal has strengthened the vision of the company in bringing world-class luxury living to Dubai. The Ferreti Group has been a pioneer in luxury brand for decades now. ACI Real Estate seeks to blend Ferretti's expertise into realty projects of the company, and provide customers with best of both worlds.
The Ferreti Group is renowned globally for its high performance luxury yachts. This partnership with ACI is another instance of its effort to create a unique concept to add tangible and intangible value to its offerings.
This freehold ownership project, named as 'Marine ', is worth about Dh.6bn, covering about 1,969,607 square feet of saleable area at the Waterfront.
The twin tower, with its landscaped gardens, set amidst canal and sea views, offers the latest in amenities such as pool, fitness center, sauna and Jacuzzi, with eight luxury yachts per brand for residents to charter at their preferred rates. These yachts will be purchased by the ACI Group.
The twin tower Ferretti Beach Residents will include 44 storeys each, while the Pershing Luxury Beach Residence will have 41 storeys, apart from individual retail units at the ground floor of each tower.
The project is slated for completion by 2011. Robin Lohmann, the Managing Director, ACI Real Estate, said that this deal has strengthened the vision of the company in bringing world-class luxury living to Dubai. The Ferreti Group has been a pioneer in luxury brand for decades now. ACI Real Estate seeks to blend Ferretti's expertise into realty projects of the company, and provide customers with best of both worlds.
The Ferreti Group is renowned globally for its high performance luxury yachts. This partnership with ACI is another instance of its effort to create a unique concept to add tangible and intangible value to its offerings.
Labels: Luxury Homes, Water front
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
Construction of SkyGardens project begins at Reem Island
Wednesday, August 06, 2008
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Taahud is one of the major players in today's construction market, with a series of prestigious projects to its credit. The core management team of this Abu Dhabi-based company includes reputed industry professionals with decades of experience in local and regional construction sector.
One of the leading property developers in Middle East, Plus Properties, together with Taahud General Contracting Company, has entered into a Dh.400mn construction contract for developing the SkyGardens project, a waterfront property at Reem Island in Abu Dhabi.
This deal makes way for commencement of construction of SkyGardens project, which is likely to turn out to be one of the most prestigious waterfront projects dotting the Abu Dhabi skyline, revealed a Plus Properties official. Enabling works of the project have already commenced.
SkyGardens is an iconic residential waterfront project, designed by renowned architect James Law, featuring a range of single, double and triple bedroom deluxe apartments, garden apartments and sky garden duplex villas.
The SkyGardens duplex villas feature amenities such as private swimming pools, luxurious interior and exterior finishing and suspended gardens. All units of the development open to sea view, with a 360 degree panoramic view stretching from the sea to Abu Dhabi's stylish skyline.
Located in a quite and upscale marina neighborhood at Reem Island, the development is linked to downtown Abu Dhabi by a bridge, and is just 20 minutes away from the Abu Dhabi airport.
Taahud is one of the major players in today's construction market, with a series of prestigious projects to its credit. The core management team of this Abu Dhabi-based company includes reputed industry professionals with decades of experience in local and regional construction sector.
Labels: Abu Dhabi, Al Reem Island, Construction Projects, Luxury Homes, Water front
Pearl Dubai's Baccarat Residences to be a prestigious address for Middle East
Thursday, July 31, 2008
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Pearl Dubai, a group of investors managed by the Al Fahim Group, launched the Dh.2.5billion Baccarat Hotel and Residences Project in Dubai recently. The project is due for completion at the Dubai Pearl development by 2011.
The Baccarat Hotel and Residences at Dubai Pearl, developed in partnership with the US-based Starwood Capital Group, will reflect the original Baccarat handicraft works, holding a family dating back to 244 years, in high-quality fashion-inspired crystal pieces. The interiors of Baccarat Hotel and Residences will bring to the development its unique interpretation of modern Parisian chic and contemporary elegance. The development also features Baccarat style boutique, with top tier global brands that add to the luxury component of the development.
According to Al Fahim, the Chairman of Pearl Dubai, Baccarat has been renowned for its elegant luxury products that offer unmatched beauty and flawless brilliance. Therefore, the Baccarat Hotel and Residences will display a new destination not only in Dubai, but in Middle East too.
Located in a wonderful 73 storey, the four tower project, will spread across an area covering 800,000 square feet of space, and comprise 340 rooms. The Dh.1bn Baccarat Residences will include elegantly designed apartments, sky palaces with expansive private swimming pools and gardens, sky penthouses, luxury branded apartments and condominiums, crystal chandeliers, roof gardens, towers and boutique offices, renowned hotel brands, gourmet restaurants, premier shopping mall, cinemas, and sweeping staircases, which renders a unique definition to the developments, making them the most prestigious address in the whole of Middle East.
Dubai Pearl is a US4bn world class mixed use development by Pearl Dubai. Located adjacent to the Palm Jumeirah, in the heart of Dubai Technology and Media Free Zone, the modern business cluster is operated by TECOM and houses the global IT and media companies.
Labels: Luxury Homes
Baani launches iDubai, maiden project at Maritime City
Saturday, July 26, 2008
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Baani, the Indian developer, together with Gowealthy.com, launched their first project in the UAE, iDubai, worth Dh.1.5bn in Dubai Maritime City.
Located at the Harbour Residences, the iDubai of Dubai Maritime City comprises two 50 storey towers - the Sky Tower and iTower, offering retail space spreading across 10,000 square feet, and commercial space of 40,000 square feet.
The Bhatia President, Virendra Bhatia, said that the iDubai resembles the Flatiron building in New York City, due to its sleek, slim shape.
The seven storey atrium and five storey podium parking in each tower offer sea views from all apartments. Comprising seven single and double bedroom apartments in each floor, the iTower has it single bedroom units spreading across 1050 Sq.Ft. to 1425 Sq. Ft. of space, while its double bedroom units spread across 1720 Sq. Ft. to 1990 Sq. Ft. of space.
The Sky Tower includes three bedroom sky villas with each villa measuring 3820 Sq. ft. on each floor. Each villa houses an infinity pool in the top floor.
The Phase two of iDubai includes garden villas ranging from 3200 sq. ft. to 4100 sq. ft. apart from eight townhouses.
Located at the heart of Dubai Maritime City, iDubai is a true example of modern waterfront living. Apart from the retail outlets and terraced gardens, other amenities for residents include tennis court, fitness center, swimming pools, spa, library, business center, and guest suite. All units include the latest in IT communications technology, apart from 10 storey parking area, and 24 hour security and maintenance.
Labels: Apartments, Luxury Homes, Villa Projects
Stallion Properties launches Santorini development at RAK
Tuesday, July 22, 2008
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Inline with its plans to raise the total portfolio of its projects to Dh.4.5bn in UAE, Stallion Properties launched Dh.1.2bn worth Greek-style development on Marjan Island in Ras Al Khaimah.
The Santorini development will include 560 units, spreading across an area of 463,000 Square Feet. The units will include Zeus villas, Aphrodite townhouses, Artemis luxury condos and Apollo condos, water bungalows, and five-star hotel.
Inspired by the iconic Greek archipelago, Santorini development offers residents the enjoyment of majestic romance of Greek island, together with the luxuries of Arabia.
Each property in the Santorini development comes with its own unique features. The Zues villas offer wonderful panoramic sea views with Jacuzzi on terrace and your own private infinity pool. The Aphrodite townhomes offer the luxury of serene views of a private lake, while the Apollo condos include duplexes and penthouses with Gymnasiums, pools, and podium parking. The Artemix luxury condos go further in offering private clubhouse, vas Jacuzzi, lap pool and children's wading pool.
The construction will commence in October this year, and will be complete in 2011. Stallion Properties has also entered into tie-up with Aspire Real Estate to help with sales and marketing of Santorini project.
The units at Santorini are sold in packages of seven, as the investors intend to make money from resales, with the cheapest package being available for around Dh.10mn.
The Marjan Island is a Dh.6.6bn project and is also one of the major developments in progress in Ras Al Khaimah. The mega-project is a mini archipelago, and includes five man-made islands spread across 2.7mn square meters. The Island is so designed that it stretches over two kilometers into the Gulf.
Stallion Properties also plans to launch two towers in Palm Jebel Ali at a cost of Dh.3bn, thereby increasing the portfolio of the company to around Dh.4.5bn.
Labels: Luxury Homes, Ras Al Khaima, Townhouses
Bloom Properties launches Bloom Gardens in Abu Dhabi
Sunday, July 20, 2008
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Bloom Properties, the joint real estate development arm of Emirates International Investment Company (EIIC) and the National Holding is launching a luxury residential development Bloom Gardens, located on the prestigious Eastern Mangrove Corniche Road.
The development comprises 640 luxurious detached and semi-detached villas, apartments and townhouses along the seafront. Construction of the landmark project will commence in January 2009.
The development comprises 640 luxurious detached and semi-detached villas, apartments and townhouses along the seafront. Construction of the landmark project will commence in January 2009.
Being an exclusive gated residential development, Bloom Gardens is just a short distance away from Mangroves. The gardens combine detached villas of four, five, six and seven bedrooms, apart from three and four bedrooms, townhouses, all in a lush landscaped environment, designed by renowned international architects.
Among the other amenities are the concierge services, guard-controlled access for pedestrians and vehicles, restaurants, serviced laundry, clubhouses, coffee shops, safe play areas, tennis and basketball courts, parking space within units, recreational building in the neighborhood, pool house, barbeque and picnic area, apart from retail outlets and convenience stores for everyday use and designer boutiques.
According to Hani Shammah, the CEO of Bloom properties, the Bloom Gardens will be ready by the first-half of 2011.
The Bloom brand takes a fresh approach to property, particularly community-oriented development, bringing about a new generation in property development, setting it apart from other developers in the capital.
Apart from Bloom Gardens, the company is currently developing large scale mixed-use, master-planned communities across the MENA region. The Bloom communities will include unique features with strong operators in hospitality, education, leisure and healthcare facilities, depending on the location.
Labels: Abu Dhabi, Community, Luxury Homes, Residential
Plus Properties launches Beirut Towers -luxury residential development
Thursday, July 10, 2008
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A $125m luxury residential development, Beirut Towers, has been launched by the Dubai-based developer, Plus Properties, within the International Media Production Zone of TECOM. The project comprises of two towers - Verdun and Ashrafieh with 23 Storey each.
Designed by Agostine & Rafael, a renowned consultancy firm, drawing inspiration from the Lebanese culture and heritage, the floors of bot the towers will be named after famous street in Verdun and Ashrafieh, two of the most prestigious residential neighborhoods in Beirut. The names of the floor in Verdun Tower being - Dunes, Bristol, Ain Tine, Koraytem, Verdun 730 and Verdun 732; while that in Ashrafieh Tower are Sursok, Sodeco, Sahet Sassine, Monot, and Abdl Wahab.
The towers feature studio, single and double bedroom apartments on single or duplex floors.
The CEO of Plus Properties, Georges Chehwane, mentioned that the project is an evocative of Lebanon, and is sure to provide residents of Dubai, particularly the Lebanese nationals, with a taste of Beirut.
The CEO of Plus Properties, Georges Chehwane, mentioned that the project is an evocative of Lebanon, and is sure to provide residents of Dubai, particularly the Lebanese nationals, with a taste of Beirut.
A number of financing options have been placed before potential tenants by Plus Properties, including the use of escrow accounts.
The dates of commencement of Construction and completion of the project are yet to be announced by the developer. TECOM is the master developer of the project.
The residents can also gain access to major road networks such as Emirates Road, Sheikh Zayed Road, Al Khail Road, and landmarks like Dubai Knowledge Village, Dubai Media City, Mall of Emirates, Dubai Sports City and the forthcoming Al Maktoum International Airport, due to the proximity of IMPZ to these locations and landmarks.
On completion, IMPZ, which will stretch over 43million Square Feet of land, would be a cluster of media and production companies, with the free zone housing commercial, industrial, and residential and community service project.
Beirut Towers has already drawn an overwhelming response from international and regional investors during the open house sales launch event, which was held on 1st of this month at the Jumeirah Beach hotel.
Labels: Luxury Homes, New Developments, Residential
IRIS unveils Dh.2.5bn IRIS Mist in Maritime City
Tuesday, July 08, 2008
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Iris, a leading property developer in the region, on Sunday, unveiled their new Dh.2.5bn residential development, Iris Mist at Dubai Maritime City.
Designed by the renowned architects, WS Atkins, this 200-meter tall structure is the first in the region to have taken the shape of patterned sea waves. The façade of the tower is to be built in layers of white pre-cast, glass and aluminium with various texture and colors.
Ideally located on plot R6 in the 'Harbour Residence District of Maritime City, the Iris Mist will be in proximity to Jumeirah Beach Road, Sheikh Zayed Road, Dubai International Airport and Bur Dubai.
On completion, this freehold development spreading across a built-up area of 850,000 square feet, will include 54 residential storey comprising 355 luxurious single, double and triple bedroom apartments, six retail outlets, apart from 28 units allocated as office space.
The residents will get to enjoy a wide spectrum of state-of-the-art facilities including health and fitness centers with swimming pools and retail area.
The Chief Executive of IRIS and Managing Director of Sheth Estate, Ashwin Sheth, mentioned that with this launch, the company has reconfirmed its interest to meet and surpass the expectation of investors who seek unique properties at competitive prices in a mixed-use locality.
He added that IRIS Mist has been designed to surpass the highest and safest international construction standards, and is thereby an ideal place to live in.
The tower will be ready for hand-over to residents by July 2011. Being a 'green building', the design of the tower makes use of amenities that reduce use of non-renewable resources, while also shutting down on pollutants and maximizing opportunities for passive cooling and ventilation.
Till date, IRIS has successfully launched various residential projects at Culture Village and Dubai Marina, including the IRIS Blue, which has been recently handed over to residents and investors.
IRIS has developed several luxurious residential and good quality commercial developments in UAE and India. The portfolio of IRIS in Dubai is worth US$1250mn and includes about US$250mn worth projects in India. IRIS aims to reach a portfolio of US$2.3bn during the next three to five years.
Labels: eco-friendly, Freehold Property, Luxury Homes, Residential
Dubai houses world's first revolving 'Dynamic Tower'
Saturday, June 28, 2008
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Dubai now houses the world's first revolving, pre-fabricated tower, worth $3billion, designed by the Italian Architect, David Fisher. The 'Dynamic Tower' comprising 80 storey will be 420 meters tall.
Located on Shaikh Zayed Road, the Dynamic Tower will spread across an area of 1.2million Square Feet. The tower is said to have a central core for lifts, and there are lifts particularly for cars, hence it is possible for residents to drive into their apartments.
The Dynamic Tower is a slender, rotating skyscraper, with its luxury apartments being energy-self-sufficient. The tower offers endless design possibilities, with each floor rotating independently so as to form a building that constantly changes shape, and results in a unique, ever-evolving structure. Each rotating floor will have horizontal wind turbines, so that the towers can generate sufficient energy to power the other five towers of same size.
The tower will be pre-fabricated with parts made in Italy, and the time will be considerably reduced.
Fisher says "It takes only six days for completion of one floor, as against six weeks taken to complete a floor of traditional building."
It has been estimated that it will take about 20 months for completing the Dynamic Tower. It is said that a similar tower is also being planned at Moscow, followed by New York.
Located on Shaikh Zayed Road, the Dynamic Tower will spread across an area of 1.2million Square Feet. The tower is said to have a central core for lifts, and there are lifts particularly for cars, hence it is possible for residents to drive into their apartments.
The Dynamic Tower is a slender, rotating skyscraper, with its luxury apartments being energy-self-sufficient. The tower offers endless design possibilities, with each floor rotating independently so as to form a building that constantly changes shape, and results in a unique, ever-evolving structure. Each rotating floor will have horizontal wind turbines, so that the towers can generate sufficient energy to power the other five towers of same size.
The tower will be pre-fabricated with parts made in Italy, and the time will be considerably reduced.
Fisher says "It takes only six days for completion of one floor, as against six weeks taken to complete a floor of traditional building."
It has been estimated that it will take about 20 months for completing the Dynamic Tower. It is said that a similar tower is also being planned at Moscow, followed by New York.
Labels: Apartments, Latest News, Luxury Homes
Emaar unveils The Grand Boulevard homes at Downtown Burj Dubai
Thursday, June 26, 2008
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Emaar Properties has announced the launch of The Grand Boulevard, an architecturally spectacular twin-tower residential complex on the Burj Dubai Boulevard.
Designed by internationally renowned architects, the towers maximize views of Burj Dubai, the world's tallest building. They feature a theater, an extensive range of leisure amenities, and two storeys of retail, apart from a vast array of leisure amenities.
Emaar has called prospective buyers and investors to register on-line at www.emaar.com beginning 8am on 25th June till 11am on 27th June. Sales for registered customers will be done on the day of launch, i.e., 28th June 2008 at the Downtown Living Sales Center and at Emaar's Abu Dhabi sales center from 9am to 6pm.
Easy home finance options are being offered by several finance institutions on purchase of studios, single, double and triple bedroom apartments and duplexes. The entry to the towers is through a spacious and luxurious lobby area, with the podium featuring a theatre along with wide range of retail options, apart from five levels of parking space.
The Grand Boulevard, located at Downtown Burj Dubai, is known for its unique design, making it an urban destination, which is one-of-a-kind within Downtown Burj Dubai. The observation rooms and terraces of the complex draw inspiration from the architectural experience of Burj Dubai.
The Grand Boulevard also abides by Emaar's commitment towards Green Dubai vision. The duplex units have double-height which ensures full-height views of the tower, while the large terraces permit al fresco activities with views of Burj Dubai.
Among the other amenities are the multi-sports area, swimming pools for adults and children, and lush landscapes. All units feature smart-home capabilities, and all residences have the provision of advanced telecom, entertainment and internet connectivity.
All homes are done with quality finishes, with the porcelain ceramic floor tiles and full-height wooden floors. The floor-to-ceiling and wall-to-wall windows will roll down shades that help manage solar heat consumption while also reducing the glare. Even the kitchens and bathrooms are fitted with quality modern fittings.
Apart from enjoying the royal amenities at The Boulevard homes, the residents also gain an easy access to Dubai World Trade Center, Dubai International Financial Center, and other business nerve-centers in the city.
Downtown Burj Dubai is the latest neighborhood in Dubai offering a community lifestule. The 500-acre development includes three world-class hotels, a shopping mall with traditional Arab architectural elements, apart from quite a few noteworthy amenities. The residential projects that have been launched in Downtown Burj Dubai have so far received overwhelming response.
Labels: Community, Downtown, Luxury Homes, Sales
Crescent Towers unveiled in Ajman's Marmooka City
Wednesday, June 18, 2008
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A luxurious residential project, Crescent Towers, has been officially unveiled by Al Jabal Holdings in Ajman's Marmooka City.
Comprising 18 storey towers, the development has been designed by one of the oldest and most renowned architectural firms in UAE, Adnan Saffarini Engineering Consultants.
Al Jabel Real Estate development has forayed into the UAE realty sector through the launch of Crescent Towers, which is due for completion in October 2011. Each floor of the tower will have nine spacious apartments, including studios, single bedroom, double bedrooms and triple bedrooms.
Crescent Towers is located on the 12 lane Emirates Road highway, connecting Ajman to Dubai, with the Crescent Towers being ideally positioned at a short distance from one of the most unique coastlines in the UAE. Marmooka City, in particular, has drawn the attention of home seekers due to its unique master-plan and amenities.
"Marmooka City is developing its own city within a city comprising shopping malls, mosques, schools, and lush gardens at affordable prices, which is perhaps the most lucrative investment potential in the realty market today," says Saeed Ali Currimjee, the Managing Director, Al Jabal Real Estate.
The apartments will make maximum use of natural light, reflecting the environmentally friendly approach of Crescent Towers. Residents can enjoy the access to world-class amenities such as rooftop pool, state-of-the-art gym, and ample covered parking.
The Crescent Towers will be one of the most admired developments in the Marmooka City, offering spacious, tranquil and refined living, explains CEO of Adnan, Ahmad Saffarini. The Ajman government envisions the city as an international tourist destination and business hub.
Labels: Ajman, Luxury Homes, Residential
The Mansion - residential tower launched at Burj Dubai by Emaar
Saturday, June 14, 2008
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One of the most magnificent residential complexes, The Mansion, has been unveiled by Emaar Properties at Burj Dubai, the world's tallest building.
Being an architectural masterpiece by itself, it is unique in the sense that all homes with 60-storey tower, open to receive direct views of Burj Dubai, and the magnificent fountain on the Burj Dubai Lake.
Located on the Burj Dubai Boulevard and Lakefront, The Mansion, has a private access and security, to create an exclusive neighborhood choice for interested buyers. Being a true luxury residential complex with in-tower retail options, The Mansion at Burj Dubai, is designed by the renowned Adrian Smith, the designer of Burj dubayy, the world's tallest building.
The Mansion features spacious, elegantly designed studios, single, double and triple bedroom apartments that render unparalleled views of Downtown Burj Dubai, the fountain in Burj Dubai Lake, the stellar water and music spectacle from the terraces and balconies of every unit.
On the 58th storey of the tower is a stunning penthouse with two large terraces, which is the perfect place for entertainment. The Mansion also includes an international restaurant at its lobby, which directly opens to render magnificent views of the fountain.
On the 58th storey of the tower is a stunning penthouse with two large terraces, which is the perfect place for entertainment. The Mansion also includes an international restaurant at its lobby, which directly opens to render magnificent views of the fountain.
According to the Sales Director, Emaar Properties, Saif Al Mansoori, The Mansion will be one of the crowning residential projects at Downtown Burj Dubai, as it blends three appealing elements - central location in Downtown Burj Dubai, magnificent views of Burj Dubai and the fountain in the Burj Dubai Lake, and a rich blend of retail and lifestyle amenities.
The Mansion, apart from being a gateway between the commercial and residential zones in Downtown Burj Dubai, is also an elegant work of architecture, which adopts subtle, alternating pattern of directionality on its window units, creating a dynamic woven texture. The vertical stone ribbons lining the southern facade will protect the units from harsh sun which also allowing light to pass through.
Residents can avail a range of lifestyle amenities at the Burj Dubai Boulevard, and enjoy the shopping and leisure options at the Dubai Mall, one of the largest shopping and entertainment zone in the world. Various other retail outlets and food and beverage facilities will also be available at the tower's retail plaza. Among the other amenities in the tower are the business center, fully-equipped gymnasium, entertainment area, swimming pool and sundeck.
The Mansion units will be open for sales at Burj Dubai from 14th June at Downtown Living Sales Center and at Abu Dhabi Sales Center at Emaar.
Labels: Burj Dubai, Downtown, Emaar, Luxury Homes, Residential
e-myproperty forays into property development with its iconic project Bab Al Badr
Thursday, June 12, 2008
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Property Management and Consultancy Company, e-myproperty, has forayed into property development, with the launch of its first iconic project, a Dh.1.1bn island property, Bab Al Badr, an offshore man-made development, at Al Marjan Islands in Ras Al Khaimah.
The senior officials of e-myproperty, revealed that the development will contribute a value of Dh.6.6billion to Al Marjan Islands, which spreads across 29 million square feet on the south west of the emirate.
Comprising 12 storey elliptical twin towers, the iconic island property will be linked by a sky bridge to an 8 storey building, and will offer a blend of high-end luxury residential units, serviced apartments and vibrant retail zone.
Bab Al Badr (Gateway to the moon) is a first-of-its-kind project, with all-round architectural excellence that blends tradition with modern amenities. The components of Bab Al Badr will offer modern amenities under one canopy. The project will include three levels of basement parking, podium parking, private gardens, restaurants, coffee shops, gymnasium, property management services, sauna, apart from studios, single, double and triple bedroom units, duplexes, and townhouses.
The construction of the project will begin in August 2008, and is likely to be complete by 2011.
Labels: Luxury Homes, Ras Al Khaima
Al Fara'a announces complete sales of Image Residences first phase
Thursday, May 22, 2008
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Al Fara'a Properties, a flagship subsidiary of Al Fara'a Construction, Industrial and Property Group, has announced complete sales of the first phase of Dh.505mn 'Image Residences', within days after launch.
Being a luxury residential project, it generated interest from global and regional investors. The developer seeks to leverage the project's sales to further strengthen their expansion plans.
The success of the project has been attributed to its high quality and wide range of offerings, which include studio, single, double, and triple bedroom apartments and townhouses. Comprising 17 storey and 11 storey tower, the development boasts of smart home technology, apart from other amenities such as landscaped leisure deck on the podium, swimming pool, childrens pool, fully-equipped gym, and outdoor seating, and BBQ area.
The retail outlets on the groundfloor are also available for benefit of future residents. Image Residences are the perfect fit at the Downtown Jebel Ali development, which is a 200 hectare mixed-use urban community, stretching 11km across Sheikh Zayed Road and comprises three individual districts- The Trellis District, the Urban Center and Medina. The Medina District will be the ideal backdrop to Image Residences and other mid and low-rise residential neighborhoods.
Small cafes, courtyards, plazas and local shops actually accentuate the overall family-friendly environment of the district, that boasts of cobblestone streets and pathways which entice residents to walk around and experience the tranquility of new residential hub.
Al Fara'a Properties, a flagship subsidiary of Al Fara'a Construction, Industrial and Property Group, has announced complete sales of the first phase of Dh.505mn 'Image Residences', within days after launch.Being a luxury residential project, it generated interest from global and regional investors. The developer seeks to leverage the project's sales to further strengthen their expansion plans.
The success of the project has been attributed to its high quality and wide range of offerings, which include studio, single, double, and triple bedroom apartments and townhouses. Comprising 17 storey and 11 storey tower, the development boasts of smart home technology, apart from other amenities such as landscaped leisure deck on the podium, swimming pool, childrens pool, fully-equipped gym, and outdoor seating, and BBQ area.
The retail outlets on the groundfloor are also available for benefit of future residents. Image Residences are the perfect fit at the Downtown Jebel Ali development, which is a 200 hectare mixed-use urban community, stretching 11km across Sheikh Zayed Road and comprises three individual districts- The Trellis District, the Urban Center and Medina. The Medina District will be the ideal backdrop to Image Residences and other mid and low-rise residential neighborhoods.
Small cafes, courtyards, plazas and local shops actually accentuate the overall family-friendly environment of the district, that boasts of cobblestone streets and pathways which entice residents to walk around and experience the tranquility of new residential hub.
Labels: Latest News, Luxury Homes, Sales
Abyaar and Lacroix sign deals to build residential tower in Jumeirah
Monday, April 28, 2008
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Abyaar, the property developer and Christian Lacroix, the designer have entered into a joint venture to build a residential tower in one of the most exclusive beachside suburbs of Dubai.
The 38-unit Jumeirah-based tower, offering wonderful views across Dubai's coastline, The Palm and Burj al Arab landmarks, will incorporate a Lacroix-designed façade, vast lobby and luxurious interiors.
Although Lacroix has worked on several Paris-based boutique hotel interiors, this is the first residential offering, wherein the designer has incorporated trademark blend of past and future.
The Vice-Chairman and Managing Director of Abyaar, Marzooq Al Rashdan, said "We approached Lacroix because he is well-known for his exceptional design and theatrical style, both on and off the catwalk. This marks the beginning of a long term partnership through which similar developments will be established in the region and beyond, placing Abyaar on top of luxury development map international."
Commenting on the development, Lacroix said "We are working on something special that will tell a fanciful Middle Eastern story. The interiors will be contemporary and baroque blend of West and East, new and old, inspired by folklore and history."
The designer will be sourcing and creating unique materials for the interior design. Lacroix has designed several hotels, interiors for the French chain of Gaumont cinemas, tramway cards and TGV trains.
The 38-unit Jumeirah-based tower, offering wonderful views across Dubai's coastline, The Palm and Burj al Arab landmarks, will incorporate a Lacroix-designed façade, vast lobby and luxurious interiors.
Although Lacroix has worked on several Paris-based boutique hotel interiors, this is the first residential offering, wherein the designer has incorporated trademark blend of past and future.
The Vice-Chairman and Managing Director of Abyaar, Marzooq Al Rashdan, said "We approached Lacroix because he is well-known for his exceptional design and theatrical style, both on and off the catwalk. This marks the beginning of a long term partnership through which similar developments will be established in the region and beyond, placing Abyaar on top of luxury development map international."
Commenting on the development, Lacroix said "We are working on something special that will tell a fanciful Middle Eastern story. The interiors will be contemporary and baroque blend of West and East, new and old, inspired by folklore and history."
The designer will be sourcing and creating unique materials for the interior design. Lacroix has designed several hotels, interiors for the French chain of Gaumont cinemas, tramway cards and TGV trains.
Labels: Luxury Homes, New Developments
Foundation stone laid for Hydra Twin Towers Project at Jumeirah
Thursday, April 24, 2008
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The foundation stone for Hydra Twin Towers Project at Jumeirah Village in Dubai has been laid by Dr. Sulaiman Al-fahim, the Chief Executive Officer of Hydra Properties.
The first phase of work is likely to be complete by September this year.
The Hydra Properties Twin Tower comprises two residential towers, each of which comprises 32 storey each. Other project amenities include spacious car parkings, spas, shops, gymnasiums, community center, promenades, sports pitches, jogging trails, scenic cycling, schools, clinics, private gardens, restaurants, luxury cafes and other luxurious amenities.
The Hydra Properties Twin Towers are an exclusive community meant for luxury lifestyle, rendering tranquility and comfort.
"We are proud to lay the foundation stone, which marks the commencement of the prestigious project. We, at Hydra, are pleased with the progress of our work, which reflects the commitment of the company in providing superior quality developments. The coming period will witness the beginning of works and construction of many previously announced projects of Hydra Properties," said Dr. Al Fahim.
The foundation stone for Hydra Twin Towers Project at Jumeirah Village in Dubai has been laid by Dr. Sulaiman Al-fahim, the Chief Executive Officer of Hydra Properties.The first phase of work is likely to be complete by September this year.
The Hydra Properties Twin Tower comprises two residential towers, each of which comprises 32 storey each. Other project amenities include spacious car parkings, spas, shops, gymnasiums, community center, promenades, sports pitches, jogging trails, scenic cycling, schools, clinics, private gardens, restaurants, luxury cafes and other luxurious amenities.
The Hydra Properties Twin Towers are an exclusive community meant for luxury lifestyle, rendering tranquility and comfort.
"We are proud to lay the foundation stone, which marks the commencement of the prestigious project. We, at Hydra, are pleased with the progress of our work, which reflects the commitment of the company in providing superior quality developments. The coming period will witness the beginning of works and construction of many previously announced projects of Hydra Properties," said Dr. Al Fahim.
Labels: Community, Jumeriah Village, Luxury Homes, Residential
Ground-breaking ceremony held for Flamingo Creek
Wednesday, April 09, 2008
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The ground-breaking ceremony for a residential community, 'Flamingo Creek', located at 'The Lagoons' master development in Dubai Creek, took place yesterday.
The project is being developed by National Properties, a wholly-owned real estate subsidiary of National Bonds Corporation.
The freehold project comprises 244 low-rise villa-style apartments and townhouses, which also marks the entry of National Properties into the luxury residential market. 'Flamingo Creek' will be an easy access to retail, education, leisure and entertainment facilities, including the Dubai Opera House.
The National Properties CEO, ABdulsalam Almarri, and Mohammed Qassim, CEO of The Lagoons, together with Buti Al Jumairi, the CEO of National Bonds Corporation, along with other senior management staff of National Properties, participated in the groundbreaking ceremony held at the project site in 'The Lagoons'.
"With the rapid expansion of Dubai City, the longing for serene spaces is bound to grow stronger, and Flamingo Creek will bring in a new dimension to life. It will offer all the comforts of city life without losing the charm and beauty of nature," said Lootah.
Labels: Construction Projects, Freehold Property, Luxury Homes, Townhouses
ACI, Ferreti Group sign deal for Marine Legends project
Monday, March 24, 2008
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ACI Real Estate, an affiliate of Alternative Capital Invest of Germany, together with Ferreti Group, has ventured into a Dh.6bn worth luxury waterfront resident project, 'Marine Legends', at Dubai Waterfront.
The Ferretti Group has gained reputation for its luxury motor yachts such as Pershing, Itama, Ferretti Yachts, Riva, Apreamare, Bertram, Custom Line, Mochi Craft and CRN.
Robin Lohmann, the Managing Director of ACI Real Estate, said "Marine Legends reflect the growing demand for high-end residences and aims to provide an appropriate setting that combines the requirements and aspirations of the emirate to appreciate the waterline and improved water canal systems."
He continued "Ferreti Group, with its long heritage of innovation, integrity and industry leadership, shares the spirit of endeavour and dedication to excellence, with us, which perfectly fits our mission of upholding the highest standards."
The CEO of Ferreti Group, Vincenzo Connatelli, said "We have been thinking of UAE as our next destination for international expansion. The market, with its unique platform and a sound business environment, facilitates global and business investment. Dubai is all set to become a leading global business capital, and we are happy to join hands with ACI to be a part of this invigorate phase of growth."
The Ferretti Group has gained reputation for its luxury motor yachts such as Pershing, Itama, Ferretti Yachts, Riva, Apreamare, Bertram, Custom Line, Mochi Craft and CRN.
Robin Lohmann, the Managing Director of ACI Real Estate, said "Marine Legends reflect the growing demand for high-end residences and aims to provide an appropriate setting that combines the requirements and aspirations of the emirate to appreciate the waterline and improved water canal systems."
He continued "Ferreti Group, with its long heritage of innovation, integrity and industry leadership, shares the spirit of endeavour and dedication to excellence, with us, which perfectly fits our mission of upholding the highest standards."
The CEO of Ferreti Group, Vincenzo Connatelli, said "We have been thinking of UAE as our next destination for international expansion. The market, with its unique platform and a sound business environment, facilitates global and business investment. Dubai is all set to become a leading global business capital, and we are happy to join hands with ACI to be a part of this invigorate phase of growth."
Labels: Luxury Homes, Real Estate Projects, Water front
Luxury Villas, much in demand in Dubai
Sunday, February 10, 2008
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The exciting response for Polo Homes developed by Emaar Properties, one again strongly highlights the need for luxury lifestyles and exclusive living in Dubai.
Villas being more sought-after, the elite Polo Homes, recorded unprecedented home-owner interest, the company mentioned in their statement.
Located within the Arabian Ranches, the Polo Homes, which are just 71 in number, is one of the most luxurious residential communities, ever launched by Emaar. It is a true reflection of the vast range of home options that the company offers to satisfy customer requirements. The owners of Polo Homes get to enjoy various membership privileges at the Dubai Polo and Equestrian Club, inclusive of access to modern clubhouse with specialty restaurants and spa, international equestrian events, an array of leisure and recreational facilities, and two polo fields.
The Sales Director of Emaar, Saif Al Mansoori says "Villas sell like hot cakes in Dubai, and the overwhelming customer response for Polo Homes, highlights the demand for exclusive homes with distinctive lifestyles. Polo Homes signify Emaar's competency to deliver fresh perspective to property development. The development has been created focusing on the requirements of residents, who enjoy being linked to the current equestrian-related events at their doorstep."
Apart from the leisure facilities at the Equestrian Club, the residents also get easy access to the Arabian Ranches Golf Course, schools, retail outlets, children play areas, and health and fitness amenities, located in close proximity within the Arabian Ranches development.
The two-storey villas of the Polo Homes remain detached, and comprise five to six bedrooms that reflect Andalusian architecture with every minute detail being taken care off. The villas possess spacious central courtyards, terracotta roof tiles and are spacious enough for unique and inspirational landscaping opportunities.
Polo Homes can be accessed from three ring roads that lead to Sharjah and Abu Dhabi. It is located in close proximity to the main centers of Dubai, including, the Dubai Internet City, Dubai Media City, and the Jebel Ali Free Zone.
Villas being more sought-after, the elite Polo Homes, recorded unprecedented home-owner interest, the company mentioned in their statement.
Located within the Arabian Ranches, the Polo Homes, which are just 71 in number, is one of the most luxurious residential communities, ever launched by Emaar. It is a true reflection of the vast range of home options that the company offers to satisfy customer requirements. The owners of Polo Homes get to enjoy various membership privileges at the Dubai Polo and Equestrian Club, inclusive of access to modern clubhouse with specialty restaurants and spa, international equestrian events, an array of leisure and recreational facilities, and two polo fields.
The Sales Director of Emaar, Saif Al Mansoori says "Villas sell like hot cakes in Dubai, and the overwhelming customer response for Polo Homes, highlights the demand for exclusive homes with distinctive lifestyles. Polo Homes signify Emaar's competency to deliver fresh perspective to property development. The development has been created focusing on the requirements of residents, who enjoy being linked to the current equestrian-related events at their doorstep."
Apart from the leisure facilities at the Equestrian Club, the residents also get easy access to the Arabian Ranches Golf Course, schools, retail outlets, children play areas, and health and fitness amenities, located in close proximity within the Arabian Ranches development.
The two-storey villas of the Polo Homes remain detached, and comprise five to six bedrooms that reflect Andalusian architecture with every minute detail being taken care off. The villas possess spacious central courtyards, terracotta roof tiles and are spacious enough for unique and inspirational landscaping opportunities.
Polo Homes can be accessed from three ring roads that lead to Sharjah and Abu Dhabi. It is located in close proximity to the main centers of Dubai, including, the Dubai Internet City, Dubai Media City, and the Jebel Ali Free Zone.
Labels: Emaar, Luxury Homes, Real Estate News, Villa Projects
Al Fara'a launches Mulberry Mansions
Tuesday, February 05, 2008
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Al Fara'a Properties launched their new project, Dh.95mn worth, Mulberry Mansions, yesterday. This forms a part of their Dh.6.5billion worth projects planned for the current year.
The residential development, comprising 23 luxurious town homes, marks the third project of Al Fara'a in Jumeirah Village, following the launch of Manhattan Luxury Apartments and Le Grand Chateau.
The two-storey townhouses built in Victorian-style will comprise four bedrooms, a terrace, a balcony, maid's room with separate access, a private two-car garage and a small private garden. Few selected townhouses that are positioned at the far end of each row of the plot will have access to private swimming pools within side gardens. The spacious interiors incorporate custom-built walk-in closets, fully equipped kitchens, well-planned master bedrooms with distinct lighting designs, adding to the luxury. All units are well-planned to catch a view of the skylight and boulevard, ensuring natural brightness and ventilation.
The Director of Al Fara'a properties, Natasha Gangaramani said "Through the launch of our third project we are on-track to exceed our Dh.2.5bn investment plans that was outlined for 2008. We now hope to invest Dh.6.5bn this year, and expect to atleast equal our records set by previous projects in terms of customer sales and appreciation."
Mulberry Mansions will be complete towards the third quarter of 2009.
Al Fara'a Properties have met considerable success in their projects launched last year, thereby, re-defining the benchmark of excellence, in the booming realty sector of UAE.
The residential development, comprising 23 luxurious town homes, marks the third project of Al Fara'a in Jumeirah Village, following the launch of Manhattan Luxury Apartments and Le Grand Chateau.
The two-storey townhouses built in Victorian-style will comprise four bedrooms, a terrace, a balcony, maid's room with separate access, a private two-car garage and a small private garden. Few selected townhouses that are positioned at the far end of each row of the plot will have access to private swimming pools within side gardens. The spacious interiors incorporate custom-built walk-in closets, fully equipped kitchens, well-planned master bedrooms with distinct lighting designs, adding to the luxury. All units are well-planned to catch a view of the skylight and boulevard, ensuring natural brightness and ventilation.
The Director of Al Fara'a properties, Natasha Gangaramani said "Through the launch of our third project we are on-track to exceed our Dh.2.5bn investment plans that was outlined for 2008. We now hope to invest Dh.6.5bn this year, and expect to atleast equal our records set by previous projects in terms of customer sales and appreciation."
Mulberry Mansions will be complete towards the third quarter of 2009.
Al Fara'a Properties have met considerable success in their projects launched last year, thereby, re-defining the benchmark of excellence, in the booming realty sector of UAE.
Labels: Luxury Homes, New Developments, Residential, Townhouses
Al Mazaya reveals plans to launch 600 villas in Dubailand
Thursday, January 31, 2008
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Al Mazaya Holding has announced its plans to develop 600 villas worth Dh.1bn, in Dubailand.
The developer, last week, displayed the model picture of the villas to the investors. Dubai Properties are the master-planners of The Villa. The project, which was handed over to Al Mazaya after completion of infrastructure works by the main developer, was awaiting bid from contractors for constructional works. Now the contracts have already been awarded, and the work has commenced.
Al Mazaya plans to complete The Villa within 18 months, while providing a marketing tool for the project owners. Three models have been designed by the company, specifying the finishing and furniture. These models can be utilized by owners to facilitate their choice of specifications, after looking at available options.
The interiors and layout work has been awarded to Spanish Interior Designer, Perla Lichi, to build luxurious home interiors and layout for necessary specifications of the project.
The developer, last week, displayed the model picture of the villas to the investors. Dubai Properties are the master-planners of The Villa. The project, which was handed over to Al Mazaya after completion of infrastructure works by the main developer, was awaiting bid from contractors for constructional works. Now the contracts have already been awarded, and the work has commenced.Al Mazaya plans to complete The Villa within 18 months, while providing a marketing tool for the project owners. Three models have been designed by the company, specifying the finishing and furniture. These models can be utilized by owners to facilitate their choice of specifications, after looking at available options.
The interiors and layout work has been awarded to Spanish Interior Designer, Perla Lichi, to build luxurious home interiors and layout for necessary specifications of the project.
Labels: Dubailand, Investment Property, Luxury Homes, Villa Projects
DAMAC's Amber Residence launched at Dubai Residential City
Tuesday, January 29, 2008
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The luxurious lifestyle provider and leading real estate developer of the region, DAMAC properties, unveiled their 'Amber Residence' in Dubai Residential City, located at Dubai World Central in Jebel Ali. With the launch of this property, the total number of DAMAC projects currently under development touches 80 in number.
Amber Residence is a well-designed residential and retail development in the Dubai World Central, which includes retail shops on the ground and mezzanine floors, and residential flats on floors 1 to 9. Designed to provide high-level comfort, the residents get to enjoy exclusive fitness and leisure amenities. This development will prove to be an unmatched asset to its homeowner, due to the distinctive lifestyle that it offers, with unparalleled opportunities of fine dining restaurants.
The Chairman of DAMAC Properties, Hussain Sajwani, said "Amber Residence is a modern architectural design, offering the finest residential and retail lifestyle. It has been tastefully designed to meet the minutest detail, breathing comfort. Residents can be sure of easy accessibility to everything they require, giving the true value for money."
The Dubai World Central is a massive, multi-storey development located amidst the world's largest international airport. Being a 140square kilometers city, it is twice the size of Hong Kong Island, and one of the first integrated logistics platform, including all modes of transports, logistics and value added services in its free zone environment. On completion, the Dubai World Central will be home to about 750,000 people.
The luxurious lifestyle provider and leading real estate developer of the region, DAMAC properties, unveiled their 'Amber Residence' in Dubai Residential City, located at Dubai World Central in Jebel Ali. With the launch of this property, the total number of DAMAC projects currently under development touches 80 in number.Amber Residence is a well-designed residential and retail development in the Dubai World Central, which includes retail shops on the ground and mezzanine floors, and residential flats on floors 1 to 9. Designed to provide high-level comfort, the residents get to enjoy exclusive fitness and leisure amenities. This development will prove to be an unmatched asset to its homeowner, due to the distinctive lifestyle that it offers, with unparalleled opportunities of fine dining restaurants.
The Chairman of DAMAC Properties, Hussain Sajwani, said "Amber Residence is a modern architectural design, offering the finest residential and retail lifestyle. It has been tastefully designed to meet the minutest detail, breathing comfort. Residents can be sure of easy accessibility to everything they require, giving the true value for money."
The Dubai World Central is a massive, multi-storey development located amidst the world's largest international airport. Being a 140square kilometers city, it is twice the size of Hong Kong Island, and one of the first integrated logistics platform, including all modes of transports, logistics and value added services in its free zone environment. On completion, the Dubai World Central will be home to about 750,000 people.
Labels: Damac Properties, Dubai-Residential-City, Luxury Homes, Residential
Pearl Dubai FZ LLC reveals purchase of Dh 3bn Dubai Pearl
Thursday, December 20, 2007
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A Consortium of investors, Pearl Dubai FZ LLC, led by the Al Fahim Group, Abu Dhabi-based group, has announced that it has purchased and repositioned the $3billion worth Dubai Pearl real estate development.
The project, located within the Dubai Media and Technology Free Zone (TECOM), facing The Palm Jumeirah, will cover a built-up area of more than 15 million square feet.
Abdul Majeed Al Fahim, the Chairman of Board of Directors, Pearl Dubai, while speaking during a press conference, mentioned that Dubai is growing at an unprecedented pace, and that 'Dubai Pearl' will be a unique addition to the real estate landscape of the emirate.
Dubai Pearl is an integrated, mixed-use sustainable development with all major components located within 400 meters of each other, and is expected to be complete by December 2010.
The residential segment of Dubai Pearl Towers will include Sky Palaces with private gardens and pools, Sky Penthouses, luxury-branded condominiums and apartments. It also features boutique, offices, renowned hospitality brands, state-of-the-art theatre with a capacity for 1500 to 2000 people, a luxury fashion precinct located within a premier shopping mall, cinemas, and multi-cuisine food courts.
The construction of 'Dubai Pearl' would begin immediately. The project is considered to be unique, as the infrastructure amenities, including a well-linked road network are all in place, facilitating easy access to all major residential and commercial areas such as the Jumeirah, Dubai Internet City and Dubai Media City.
A Consortium of investors, Pearl Dubai FZ LLC, led by the Al Fahim Group, Abu Dhabi-based group, has announced that it has purchased and repositioned the $3billion worth Dubai Pearl real estate development.The project, located within the Dubai Media and Technology Free Zone (TECOM), facing The Palm Jumeirah, will cover a built-up area of more than 15 million square feet.
Abdul Majeed Al Fahim, the Chairman of Board of Directors, Pearl Dubai, while speaking during a press conference, mentioned that Dubai is growing at an unprecedented pace, and that 'Dubai Pearl' will be a unique addition to the real estate landscape of the emirate.
Dubai Pearl is an integrated, mixed-use sustainable development with all major components located within 400 meters of each other, and is expected to be complete by December 2010.
The residential segment of Dubai Pearl Towers will include Sky Palaces with private gardens and pools, Sky Penthouses, luxury-branded condominiums and apartments. It also features boutique, offices, renowned hospitality brands, state-of-the-art theatre with a capacity for 1500 to 2000 people, a luxury fashion precinct located within a premier shopping mall, cinemas, and multi-cuisine food courts.
The construction of 'Dubai Pearl' would begin immediately. The project is considered to be unique, as the infrastructure amenities, including a well-linked road network are all in place, facilitating easy access to all major residential and commercial areas such as the Jumeirah, Dubai Internet City and Dubai Media City.
Labels: Business Tower, Latest News, Luxury Homes, New Developments
Al Osaimi Group launches Dh.1bn luxury resort at Palm Jumeirah
Saturday, December 15, 2007
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The Al Osaimi Group has confirmed that the construction work of the $272million (Dh.1 billion) luxury resort at The Palm Jumeirah, is progressing as scheduled, and will be ready by first quarter of 2008.
The Kuwait-based developer has taken the help of several firms for project consultancy, contracting and enabling works and project management, as this is their maiden project in the UAE. The project is located on the Crescent of The Palm Jumeirah.
During the first quarter of 2008, the developer will launch one million square foot project, in accordance with the agreement signed with Dusit International, one of the prestigious Thai hotel chains in the world.
At present, Al Osaimi is carrying on with the final stages of escrow registration process in compliance with regulations laid out by the Dubai Land Department, thereby preparing to launch early next year.
The project that spreads over an area of 95,000 square meters on The Palm Jumeirah, comprises a seven star luxury hotel, a five star family resort, and an upscale residential complex that includes 178 posh freehold townhouses, penthouses and a dozen chalets.
Being designed in traditional Indian manner, the hotel has 116 guestrooms and suites, while the Moroccan-themed family resort has 292 rooms and suites. The hotels offer excellent dining, themed landscaping, ballroom, and state-of-the-art amenities. The luxurious development will also include renowned Deverana Spa by Dusit, an authentic Thai-inspired rejuvenation, apart from internationally acclaimed service of Dusit International, incorporating Thai culture and hospitality.
Right from its inception 25 years ago, the Al Osami Group, has handled several projects in Kuwait, and in the Middle East, including commercial, residential, hospitality and retail developments. The company has a rich portfolio that covers various sectors including, construction, real estate investment, engineering, while the subsidiary firm of the group has spearheaded for 15 projects including the group's development on The Palm Jumeirah.
The Kuwait-based developer has taken the help of several firms for project consultancy, contracting and enabling works and project management, as this is their maiden project in the UAE. The project is located on the Crescent of The Palm Jumeirah.
During the first quarter of 2008, the developer will launch one million square foot project, in accordance with the agreement signed with Dusit International, one of the prestigious Thai hotel chains in the world.
At present, Al Osaimi is carrying on with the final stages of escrow registration process in compliance with regulations laid out by the Dubai Land Department, thereby preparing to launch early next year.
The project that spreads over an area of 95,000 square meters on The Palm Jumeirah, comprises a seven star luxury hotel, a five star family resort, and an upscale residential complex that includes 178 posh freehold townhouses, penthouses and a dozen chalets.
Being designed in traditional Indian manner, the hotel has 116 guestrooms and suites, while the Moroccan-themed family resort has 292 rooms and suites. The hotels offer excellent dining, themed landscaping, ballroom, and state-of-the-art amenities. The luxurious development will also include renowned Deverana Spa by Dusit, an authentic Thai-inspired rejuvenation, apart from internationally acclaimed service of Dusit International, incorporating Thai culture and hospitality.
Right from its inception 25 years ago, the Al Osami Group, has handled several projects in Kuwait, and in the Middle East, including commercial, residential, hospitality and retail developments. The company has a rich portfolio that covers various sectors including, construction, real estate investment, engineering, while the subsidiary firm of the group has spearheaded for 15 projects including the group's development on The Palm Jumeirah.
Labels: Luxury Homes, New Hotels, Palm Jumeirah, Resorts
ETA Star delivers new mixed-use realty development 'The Palladium'
Thursday, November 29, 2007
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A leading UAE realty developer, ETA Star, has announced the delivery of the luxury mixed-use development 'The Palladium' at Jumeirah Lakes Towers on Sheikh Zayed Road, Dubai.
The luxury development, which features 34-storey office and retail and residential complex with single, double and triple bedroom apartment and penthouses, has been handed over to the respective owners.
Located in the heart of Jumeirah Lakes Towers, 'The Palladium' captures the charm and essence of sophisticated lakeside lifestyle. Spreading over half a million square feet in area, it is a state-of-the-art high-rise development, comprising coffee shops, restaurants, and boutiques in the lobby.
The Executive Director of ETA Star, Abid Junaid, mentioned that 'The Palladium' being, one of its major projects, the company has been able to keep up its promise, thereby deeply enrooting the trust that the customers have placed on the company.
The luxury development, which features 34-storey office and retail and residential complex with single, double and triple bedroom apartment and penthouses, has been handed over to the respective owners.Located in the heart of Jumeirah Lakes Towers, 'The Palladium' captures the charm and essence of sophisticated lakeside lifestyle. Spreading over half a million square feet in area, it is a state-of-the-art high-rise development, comprising coffee shops, restaurants, and boutiques in the lobby.
The Executive Director of ETA Star, Abid Junaid, mentioned that 'The Palladium' being, one of its major projects, the company has been able to keep up its promise, thereby deeply enrooting the trust that the customers have placed on the company.
Labels: ETA-Star, Jumeirah-Lake-Towers, Luxury Homes
Emaar to host sales of Platinum Collection homes in Downtown Burj Dubai
Saturday, November 17, 2007
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Emaar Properties, one of the largest real estate companies in the world, has announced that they are hosting a special sales roll-out on 17th November 2007, for its Platinum Collection, the high-end homes located in Downtown Burj Dubai. The show would be hosted at 'The Palace Hotel', in Old Town, Downtown Burj Dubai.
The Platinum Collection of homes that are chosen from various residential developments within the mega-development project, comprise a range of amenities, such as high-end retail outlets, health and fitness facilities, swimming pools and children's play areas.
The Sales Director of Emaar, Saif Al Mansoori, said that these homes are chosen due to their superior standards of product quality, and also represent the luxurious living in the Downtown Burj Dubai, which would attract numerous interested buyers who are eagerly seeking a unique home experience.
Various financial institutions are offering easy home finance options for these residences. Emaar's flagship real estate project, Downtown Burj Dubai, is a mixed-use residential and commercial community, which includes hotel, shopping, leisure and entertainment, surrounded by open green spaces, lakes and other water features.
Till date, numerous homes have been already handed over to customers, and three luxury hotels have already got functional within the Downtown development.
The Platinum Collection of homes that are chosen from various residential developments within the mega-development project, comprise a range of amenities, such as high-end retail outlets, health and fitness facilities, swimming pools and children's play areas.
The Sales Director of Emaar, Saif Al Mansoori, said that these homes are chosen due to their superior standards of product quality, and also represent the luxurious living in the Downtown Burj Dubai, which would attract numerous interested buyers who are eagerly seeking a unique home experience.
Various financial institutions are offering easy home finance options for these residences. Emaar's flagship real estate project, Downtown Burj Dubai, is a mixed-use residential and commercial community, which includes hotel, shopping, leisure and entertainment, surrounded by open green spaces, lakes and other water features.
Till date, numerous homes have been already handed over to customers, and three luxury hotels have already got functional within the Downtown development.
Labels: Downtown, Luxury Homes, Residential, Sales
The Jumeirah Park - community of family villas
Wednesday, November 14, 2007
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The Jumeirah Park , together with Nakheel's Jumeirah Islands are a community of family villas in beautiful surroundings, specifically designed to offer environmentally friendly living in the heart of new development area. The Park, located in close proximity to the emirates Golf Club, is easily accessible from Emirates Road and Sheikh Zayed Road.
With a wide choice of 2000 odd three, four and five bedroom villas, built within and eco-friendly environment, the Jumeirah Park is a project that is appealing to public. The villas have a wide range of sizes ranging from 3569 square feet to 5479 square feet of space, and each of these comes with its own Private Garden, Standard Private Pool, Car Ports, and a Standard Private Pool for larger villa categories.
The villas have the latest in communications, internet and entertainment. The villas are finished to the highest standard, and include the best facilities and luxury fittings within the community. With landscaped gardens and parks spread throughout the entire development, residents get to enjoy cycling and jogging as there are tracks for these events, and sufficient room for outdoor seating and exercise areas.
The development also features community center with cafes, shops and a pharmacy, as well as restaurants, shopping center and a promenade. There are also quite a few mosques, play areas and a kindergarten on the site.
The Jumeirah Park community promotes quality living in a healthy environment, with additional green measures such as the energy saving designs for villas, recycling, water features, and reduction in land, water, air and noise pollution. Residents at Jumeirah Park get to interact closely with nature, while also sustaining a good quality lifestyle.
With a wide choice of 2000 odd three, four and five bedroom villas, built within and eco-friendly environment, the Jumeirah Park is a project that is appealing to public. The villas have a wide range of sizes ranging from 3569 square feet to 5479 square feet of space, and each of these comes with its own Private Garden, Standard Private Pool, Car Ports, and a Standard Private Pool for larger villa categories.
The villas have the latest in communications, internet and entertainment. The villas are finished to the highest standard, and include the best facilities and luxury fittings within the community. With landscaped gardens and parks spread throughout the entire development, residents get to enjoy cycling and jogging as there are tracks for these events, and sufficient room for outdoor seating and exercise areas.
The development also features community center with cafes, shops and a pharmacy, as well as restaurants, shopping center and a promenade. There are also quite a few mosques, play areas and a kindergarten on the site.
The Jumeirah Park community promotes quality living in a healthy environment, with additional green measures such as the energy saving designs for villas, recycling, water features, and reduction in land, water, air and noise pollution. Residents at Jumeirah Park get to interact closely with nature, while also sustaining a good quality lifestyle.
Labels: Community, Luxury Homes, Villa Projects, Villas in Jumeira
The Palm Jebel Ali Water homes
Monday, November 05, 2007
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The Palm Jebel Ali Waterhomes are indeed a unique and rare property, and if you are looking to invest or buy, then we will be privileged to guide you to the best location that suites your budget and meets your requirements.
The Waterhomes maintain the same design throughout, and are uniform in appearance, when looking at the master plan. The only difference is its location. They are created in the pattern of a poem and the words written in Arabic around the inner Palm, when read from above the sky, reads as "Take wisdom from the wise - not everyone who rides a horse is a jockey". While some of the houses appear away from the sea, the others are close to the land. While a few houses are open to sea views, the others have shoreline views. However, it is purely the matter of budget and choice.
Located between the Crescent and the Crown of the Pal Jebel Ali, the Water Homes are a range of elevated retreat homes, that resemble bungalows linked to each other with wooden boardwalks to create a 12kms circular chain. There are about 1060 Waterhomes, that boast of luxurious amenities, featuring private moorings for personal boats, which will be an asset for ocean lovers.
The Waterhomes maintain the same design throughout, and are uniform in appearance, when looking at the master plan. The only difference is its location. They are created in the pattern of a poem and the words written in Arabic around the inner Palm, when read from above the sky, reads as "Take wisdom from the wise - not everyone who rides a horse is a jockey". While some of the houses appear away from the sea, the others are close to the land. While a few houses are open to sea views, the others have shoreline views. However, it is purely the matter of budget and choice.
Located between the Crescent and the Crown of the Pal Jebel Ali, the Water Homes are a range of elevated retreat homes, that resemble bungalows linked to each other with wooden boardwalks to create a 12kms circular chain. There are about 1060 Waterhomes, that boast of luxurious amenities, featuring private moorings for personal boats, which will be an asset for ocean lovers.
Labels: Luxury Homes, Palm-Jebel-Ali, Water front
Al Fara'a kick-starts construction of Manhattan Apartments at Jumeirah
Wednesday, October 31, 2007
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Al Fara'a Properties recently held the ground breaking ceremony to mark the commencement of construction works of their Dh.353mn Manhattan Luxury Apartments in Jumeirah Village.
The groundbreaking ceremony was conducted just after the successful launch of Manhattan Luxury Apartments at the recent Cityscape Dubai 2007, when the project generated considerable buyer interest, with more than 72 percent of the project, being sold out.
The construction contract for the luxury apartments has been handed over to Al Fara'a General Contracting Company (AFGCO) and their team of qualified professionals. AFGCO has a successful history of more than 26 years in implementing projects around UAE, such as the Al Attar Tower, Rotana Hotel, and the Sheikh Mansoor bin Zayed Tower, among others.
Alongside the sidelines of groundbreaking ceremony, Al Fara'a Properties has registered for an Escrow Account with Emirates Islamic Bank, in compliance with regulations stipulated by Dubai Land Department.
The Manhattan Luxury Apartments draws inspiration from the 1930's urban residences of New York, comprising 355 elegant units with a classic selection of studio, single, double and triple bedroom apartments. These apartments, coupled with the stunning landscapes of Jumeirah Village, have been so designed to include well-planned master bedrooms, generous walk-in closets, beautifully appointed bathrooms, and spacious and comfortable interiors with distinctive accent lighting. The other amenities within the complex include state-of-the-art gymnasium, a swimming pool with sauna and steam facilities, and children play area.
The General Manager for AFGCO, Ahmad Maarouf said "Our vast experience in construction business has provided us with utmost confidence in handling a high-profile project like Manhattan Apartments. The strength of our expertise will ensure that we live up to our reputation of delivering quality work within prescribed time frame."
The company has committed that the works would be complete within 24 months, towards end of 2009.
The groundbreaking ceremony was conducted just after the successful launch of Manhattan Luxury Apartments at the recent Cityscape Dubai 2007, when the project generated considerable buyer interest, with more than 72 percent of the project, being sold out.The construction contract for the luxury apartments has been handed over to Al Fara'a General Contracting Company (AFGCO) and their team of qualified professionals. AFGCO has a successful history of more than 26 years in implementing projects around UAE, such as the Al Attar Tower, Rotana Hotel, and the Sheikh Mansoor bin Zayed Tower, among others.
Alongside the sidelines of groundbreaking ceremony, Al Fara'a Properties has registered for an Escrow Account with Emirates Islamic Bank, in compliance with regulations stipulated by Dubai Land Department.
The Manhattan Luxury Apartments draws inspiration from the 1930's urban residences of New York, comprising 355 elegant units with a classic selection of studio, single, double and triple bedroom apartments. These apartments, coupled with the stunning landscapes of Jumeirah Village, have been so designed to include well-planned master bedrooms, generous walk-in closets, beautifully appointed bathrooms, and spacious and comfortable interiors with distinctive accent lighting. The other amenities within the complex include state-of-the-art gymnasium, a swimming pool with sauna and steam facilities, and children play area.
The General Manager for AFGCO, Ahmad Maarouf said "Our vast experience in construction business has provided us with utmost confidence in handling a high-profile project like Manhattan Apartments. The strength of our expertise will ensure that we live up to our reputation of delivering quality work within prescribed time frame."
The company has committed that the works would be complete within 24 months, towards end of 2009.
Labels: Apartments, Construction Projects, Jumeriah Village, Luxury Homes, Real Estate Company
The World - most exclusive piece of real estate
Wednesday, October 24, 2007
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The World is considered to be the most extravagant project by Nakheel, with an archipelago of 300 manmade islands, set to be another icon for Dubai. With islands located just off the shore of Jumeirah beach, it is the most exclusive piece of real estate that one can own. The islands are constructed using the same techniques as in other popular Nakheel developments, the Palm Jebel Ali and the Palm Jumeirah.
The islands are so arranged as to form a globe, and draws attention from celebrities, wealthy businessmen, and even royalty to purchase a major island representing a specific country. Only recently, the island of Greece has been sold for $15.5mn dollars to an anonymous bidder in Greece. Depending on the location and size, the islands are priced anywhere between $15mn and $50mn. However, it caters only to the super-rich. The placement of infrastructure is left to the choice of the buyers, and this has resulted in the islands being pursued for residential and tourism purposes.
The only form of transport to the island is by boat and sea plane, hindering access to authorized visitors or residents, and this unique selling point has led to more than 60% of the islands being sold already. Despite the expense, the opportunity to own an island is an idea that can be realized only in few parts of the world, and Dubai is one such place.
The islands are so arranged as to form a globe, and draws attention from celebrities, wealthy businessmen, and even royalty to purchase a major island representing a specific country. Only recently, the island of Greece has been sold for $15.5mn dollars to an anonymous bidder in Greece. Depending on the location and size, the islands are priced anywhere between $15mn and $50mn. However, it caters only to the super-rich. The placement of infrastructure is left to the choice of the buyers, and this has resulted in the islands being pursued for residential and tourism purposes.
The only form of transport to the island is by boat and sea plane, hindering access to authorized visitors or residents, and this unique selling point has led to more than 60% of the islands being sold already. Despite the expense, the opportunity to own an island is an idea that can be realized only in few parts of the world, and Dubai is one such place.
Labels: Luxury Homes, Nakheel, Real Estate Projects, The World, Villa Projects, Water front
Al Fara'a to launch apartment complex 'The Manhattan' at Jumeirah Village
Wednesday, October 17, 2007
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The subsidiary of Al Fara'a Construction Group, Al Fara'a Properties, has announced plans to launch the Dh.353mn luxury apartment complex, 'The Manhattan', at the Jumeirah Village, during the coming Cityscape Dubai 2007.
This latest venture by Al Fara'a Properties is coincidental with their participation at Cityscape Dubai, the largest real estate event pertaining to investments and developments in the region, due to be held between the 16th and 18th of October, 2007 at the Dubai International Exhibition Center.
The developer is also expected to reveal details about their partnership with the Abu Dhabi Commercial Bank (ADCB) and the Emirates Islamic Bank (EIB), wherein investors get to avail their flexible payment plans with a maximum of 90% finance.
'The Manhattan' in Jumeirah Village draws inspiration from the urban residence during 1930's in New York, with about 355 elegant units, comprising studio, single bedroom, double bedrooms and triple bedroom apartments with high-end finishing, in a variety of styles.
The Chairman and Managing Director of Al Fara'a Construction Group, Gangaramani, said "This is a premium site easily accessible to Dubai Commercial Centers and other finest attractions. 'The Manhattan' will live up to our corporate ethos, while also building excellence through partnerships, offering urban convenience, privacy, luxury and access to first-class road networks, amenities and planned Dubai metro."
The Jumeirah Village is a luxurious and secure community with a wide range of facilities for leisure and retail, which includes, clubs, schools, medical centers, sports, promenades, parks, scenic trails, gardens and tranquil waterways, all located at the core of Dubai's commercial district.
Al Fara'a Properties brings with them solid 27 years of expertise in offering quality-bound construction solutions in UAE, apart from indulging in leasing, property purchase and sales, development and management, investment portfolio, corporate client consultancy and facilities management.
This latest venture by Al Fara'a Properties is coincidental with their participation at Cityscape Dubai, the largest real estate event pertaining to investments and developments in the region, due to be held between the 16th and 18th of October, 2007 at the Dubai International Exhibition Center.The developer is also expected to reveal details about their partnership with the Abu Dhabi Commercial Bank (ADCB) and the Emirates Islamic Bank (EIB), wherein investors get to avail their flexible payment plans with a maximum of 90% finance.
'The Manhattan' in Jumeirah Village draws inspiration from the urban residence during 1930's in New York, with about 355 elegant units, comprising studio, single bedroom, double bedrooms and triple bedroom apartments with high-end finishing, in a variety of styles.
The Chairman and Managing Director of Al Fara'a Construction Group, Gangaramani, said "This is a premium site easily accessible to Dubai Commercial Centers and other finest attractions. 'The Manhattan' will live up to our corporate ethos, while also building excellence through partnerships, offering urban convenience, privacy, luxury and access to first-class road networks, amenities and planned Dubai metro."
The Jumeirah Village is a luxurious and secure community with a wide range of facilities for leisure and retail, which includes, clubs, schools, medical centers, sports, promenades, parks, scenic trails, gardens and tranquil waterways, all located at the core of Dubai's commercial district.
Al Fara'a Properties brings with them solid 27 years of expertise in offering quality-bound construction solutions in UAE, apart from indulging in leasing, property purchase and sales, development and management, investment portfolio, corporate client consultancy and facilities management.
Labels: Apartments, Cityscape, Jumeriah Village, Luxury Homes, New Developments
BV International to unveil world's most luxurious floating residences at Cityscape Dubai 2007
Tuesday, October 16, 2007
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Buyers will soon be able to own homes on a luxury ship, which could sail to all locations, including Antartica and Amazon, and attend the Monaco Grand Prix or the London Olympics, the cost of which would be equivalent to nearly 2000 years rent in a Bur Dubai apartment, reports Gulf News.
BV International Ocean Holdings Limited will launch a scale model of the 719 foot vessel during the Dubai Cityscape exhibition on 16th to 18th October 2007. The company is expecting a strong reaction from the Middle East to the 112 luxury homes, the prices of which range from Dh.15.69mn for a single bedroom apartment to Dh.52.30mn for a triple bedroom. Penthouses are limited in numbers, with prices ranging from Dh.57.5mn to Dh.155.69mn for a multi-floor penthouse. The sizes of the residence would range from 800 sq ft to approximately 8000 sq. ft.
The 13-deck ship will move around the glob maintaining an average cruising speed of 18.5 knots, visiting cosmopolitan centers and anchoring near remote locations that are accessible only to a limited number of smaller yachts.
The residences on board that are hundred percent furnished, are designed to the standards of Four Seasons Hotel and Resorts, which was also launched by BV International. The residences will be designed by Tillberg Design, the company behind the development 'Queen Mary 2'.
Major features on board include four restaurants, fitness rooms and spas, a gourmet, a casino, business center with video conferencing and meeting rooms, a helipad, a wine cellar, golf simulator, putting greens, a retractable marina that provides ship to shore services, launch of jet skis or sailboats and scuba expeditions.
The first journey has been scheduled for 2010. The initial two years will have a fixed itinerary that covers the Amazon and Antartica, the Grand Prix in Monaco and the 2012 Olympics in London.
The company mentioned that its target clientele are people who are extremely successful and are at the high-end of social scale, and would like to treat themselves to the ultimate travel and luxury. The company is expecting atleast five percent sales from the Middle East market.
The project is due for completion and delivery in 2010.
BV International Ocean Holdings Limited will launch a scale model of the 719 foot vessel during the Dubai Cityscape exhibition on 16th to 18th October 2007. The company is expecting a strong reaction from the Middle East to the 112 luxury homes, the prices of which range from Dh.15.69mn for a single bedroom apartment to Dh.52.30mn for a triple bedroom. Penthouses are limited in numbers, with prices ranging from Dh.57.5mn to Dh.155.69mn for a multi-floor penthouse. The sizes of the residence would range from 800 sq ft to approximately 8000 sq. ft.
The 13-deck ship will move around the glob maintaining an average cruising speed of 18.5 knots, visiting cosmopolitan centers and anchoring near remote locations that are accessible only to a limited number of smaller yachts.
The residences on board that are hundred percent furnished, are designed to the standards of Four Seasons Hotel and Resorts, which was also launched by BV International. The residences will be designed by Tillberg Design, the company behind the development 'Queen Mary 2'.
Major features on board include four restaurants, fitness rooms and spas, a gourmet, a casino, business center with video conferencing and meeting rooms, a helipad, a wine cellar, golf simulator, putting greens, a retractable marina that provides ship to shore services, launch of jet skis or sailboats and scuba expeditions.
The first journey has been scheduled for 2010. The initial two years will have a fixed itinerary that covers the Amazon and Antartica, the Grand Prix in Monaco and the 2012 Olympics in London.
The company mentioned that its target clientele are people who are extremely successful and are at the high-end of social scale, and would like to treat themselves to the ultimate travel and luxury. The company is expecting atleast five percent sales from the Middle East market.
The project is due for completion and delivery in 2010.
Labels: Cityscape, International, Luxury Homes
