Wasl to add 5000 new housing units into Dubai property market
Tuesday, November 10, 2009
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There will be an additional 5000 new housing units or moere in Dubai property market during the next couple of months by Wasl, the asset management arm of Dubai Real Estate Corporation (DREC), a top official said.
The Chief Executive Officer of DREC, Hesham Abdullah Al Qasim, revealed that Wasl already manages about 20,000 housing units. Now with the inclusion of these residential units, the total housing units under the company’s portfolio will touch 25,000.
Over the past year, there has been a natural transition of Dubai property market from freehold to leasehold. This will help in easing rents further, with mounting supplies.
The total housing supplies in Dubai this year may range from 27,000 to 30,000 according to the projections made by Department of Finance, which is hoped to be less than enough to cool the demand. But, with the impact of global economic crunch on UAE economy, the demand forecast has been revised further down.
Few analysts are still of the opinion that the current deliveries may result in an oversupplied market, which may bring down prices and rents down further. However, according to Al Qasim, the price readjustment has been good for market. The new supplies will help in stabilizing the market further, particularly when the demand in market picks up.
"We have a balanced portfolio of housing units that are 95 percent occupied, which gives us a very good coverage," he added.
Established in June 2007, the DREC combines the assets of Development Board and Dubai Real Estate Department through Law No.14, according to which, the corporation will be a public commercial institution, affiliated with Dubai Executive Council.
DREC is responsible for owning and managing its land bank, including sizable amount of properties registered under the name of Dubai Government, and others. The corporation holds a large portion of the Dubai land bank, however, it has no plans to enter the freehold property market.
Housing rents in Dubai surged between 2005-08 based on growing demand, which has compelled several thousands of Dubai residents to shift to places like Sharjah where rents were lower which pressurized the infrastructure. Growing rentals prompted the government to impose a rent cap to help the mid-income group, apart from seeking solid investment in low-cost or affordable housing that helps Dubai to tame housing inflation.
Wasl has continued to maintain its low rents in Dubai, despite the recent rent hike. Rent for a double bedroom flat has been as low as Dh.16,000 in few parts of Dubai even now.
In order to help the market and ease pressure on rents, DREC has undertaken a massive housing scheme to offer affordable homes for growing population. The new housing supplies are part of this plan.
Wasl is developing its businesses in several verticals such as Hospitality, Property, Leisure and Industries. About 5000 industrial units of Wasl are already spread across 27 industrial zones such as Jebel Ali, Al Quoz, Rashidiya, and on the hospitality side there are eight hotels under management. Wasl also gradually plans to add hospitality commercial and retail project development arms.
The Chief Executive Officer of DREC, Hesham Abdullah Al Qasim, revealed that Wasl already manages about 20,000 housing units. Now with the inclusion of these residential units, the total housing units under the company’s portfolio will touch 25,000.
Over the past year, there has been a natural transition of Dubai property market from freehold to leasehold. This will help in easing rents further, with mounting supplies.
The total housing supplies in Dubai this year may range from 27,000 to 30,000 according to the projections made by Department of Finance, which is hoped to be less than enough to cool the demand. But, with the impact of global economic crunch on UAE economy, the demand forecast has been revised further down.
Few analysts are still of the opinion that the current deliveries may result in an oversupplied market, which may bring down prices and rents down further. However, according to Al Qasim, the price readjustment has been good for market. The new supplies will help in stabilizing the market further, particularly when the demand in market picks up.
"We have a balanced portfolio of housing units that are 95 percent occupied, which gives us a very good coverage," he added.
Established in June 2007, the DREC combines the assets of Development Board and Dubai Real Estate Department through Law No.14, according to which, the corporation will be a public commercial institution, affiliated with Dubai Executive Council.
DREC is responsible for owning and managing its land bank, including sizable amount of properties registered under the name of Dubai Government, and others. The corporation holds a large portion of the Dubai land bank, however, it has no plans to enter the freehold property market.
Housing rents in Dubai surged between 2005-08 based on growing demand, which has compelled several thousands of Dubai residents to shift to places like Sharjah where rents were lower which pressurized the infrastructure. Growing rentals prompted the government to impose a rent cap to help the mid-income group, apart from seeking solid investment in low-cost or affordable housing that helps Dubai to tame housing inflation.
Wasl has continued to maintain its low rents in Dubai, despite the recent rent hike. Rent for a double bedroom flat has been as low as Dh.16,000 in few parts of Dubai even now.
In order to help the market and ease pressure on rents, DREC has undertaken a massive housing scheme to offer affordable homes for growing population. The new housing supplies are part of this plan.
Wasl is developing its businesses in several verticals such as Hospitality, Property, Leisure and Industries. About 5000 industrial units of Wasl are already spread across 27 industrial zones such as Jebel Ali, Al Quoz, Rashidiya, and on the hospitality side there are eight hotels under management. Wasl also gradually plans to add hospitality commercial and retail project development arms.
Labels: housing, New Developments
New futuristic District for Abu Dhabi unveiled during Cityscape 2009
Wednesday, April 22, 2009
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The Abu Dhabi Urban Planning Council (UPC) has unveiled details of Capital City District, a major development project in Plan Abu Dhabi 2030. The UPC is the agency responsible for physical planning of Abu Dhabi's future.
The details of the project were revealed during the Cityscape Abu Dhabi 2009, the largest real estate exhibition, which began in Abu Dhabi yesterday.
The entire project would take 25 years for completion and will be built on 50 million square meters of land, almost twice the size of Yas Island. On completion, the Capital District will serve as a second downtown and can house a population of 370,000. The district will offer a mixed-use, sustainable environment featuring commercial, residential, retail and community groups.
Other vital aspects of the masterplan are the schools seving both Emirati and expat community needs, universities, medical campus, higher education amenities and bio-medical research facilities.
Located between the Mohammad bin Zayed City and the Abu Dhabi International Airport, the Capital City District will blend national government institutions, Emirati culture, and city life by offering a fusion of distinct districts interlinked by grand boulevards, open spaces, shaded streets and world-class public transit system.
Located at the heart of Capital City District will be a Federal Precinct, which serves as the national seat of the UAE government. The Capital Boulevard would include Federal ministries and government offices providing a dramatic connection to the Grand Mosque and Presidential Palace.
There would be a total of seven grand boulevards, representing seven emirates, connecting the city center with surrounding districts. The boulevards would help in effective traffic movement within and out of city. An interlinked street system is also an integral part of the master-plan, which encourages walking in the shaded and landscaped pathways. There are also dedicated bike routes offering a safe and convenient alternative travel option across the city.
The residents and visitors of the District can gain access to two main types of streets - the retail streets lined with shops, restaurants, cafes and plazas and the relaxing neighbourhood streets.
The details of the project were revealed during the Cityscape Abu Dhabi 2009, the largest real estate exhibition, which began in Abu Dhabi yesterday.
The entire project would take 25 years for completion and will be built on 50 million square meters of land, almost twice the size of Yas Island. On completion, the Capital District will serve as a second downtown and can house a population of 370,000. The district will offer a mixed-use, sustainable environment featuring commercial, residential, retail and community groups.
Other vital aspects of the masterplan are the schools seving both Emirati and expat community needs, universities, medical campus, higher education amenities and bio-medical research facilities.
Located between the Mohammad bin Zayed City and the Abu Dhabi International Airport, the Capital City District will blend national government institutions, Emirati culture, and city life by offering a fusion of distinct districts interlinked by grand boulevards, open spaces, shaded streets and world-class public transit system.
Located at the heart of Capital City District will be a Federal Precinct, which serves as the national seat of the UAE government. The Capital Boulevard would include Federal ministries and government offices providing a dramatic connection to the Grand Mosque and Presidential Palace.
There would be a total of seven grand boulevards, representing seven emirates, connecting the city center with surrounding districts. The boulevards would help in effective traffic movement within and out of city. An interlinked street system is also an integral part of the master-plan, which encourages walking in the shaded and landscaped pathways. There are also dedicated bike routes offering a safe and convenient alternative travel option across the city.
The residents and visitors of the District can gain access to two main types of streets - the retail streets lined with shops, restaurants, cafes and plazas and the relaxing neighbourhood streets.
Labels: Cityscape, New Developments
The Palladium to be soft-launched in March 2009
Friday, February 27, 2009
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The newest and most flexible venue of Dubai, The Palladium meant for international and entertainment events, worth $68mn (Dh.220mn) will undergo a soft-launch in March 2009. The venue will prove to be a model for a new generation of combined entertainment venues worldwide.
Built at a cost exceeding Dh.220mn, The Palladium is a dream-come-true for Raymond Gaspar, an entertainment and media entrepreneur. With a venue capable of staging everything from large scale musicals and theatre to classical and rock concerts, weddings and banquets, opera to exhibitions and conferences to seminars, The Palladium is currently undergoing finishing touches at the Dubai Media City.
The Palladium is the first-of-its-kind multipurpose venue in the region for entertainment and events. The facilities here are unique, with a capacity to stage theatre, musicals, concerts, circus, opera, ballet, cabaret, exhibition, conferences, seminars, launches, award shows, banquets, sporting events, festivals, sporting events, weddings and cocktail parties.
The Palladium is designed with a seating capacity of 3000 for retractable seating, 4000 for mixed seating and standing, and 5500 for standing and 1500 for banqueting. In addition, the main auditorium offers 2500 square metres of open space for exhibitions and concerts. The stage is the biggest in Middle East with a width of 25metres and depth of 16 metres.
It also includes seven private Skyboxes with 12 plush seats and dedicated butler. There are two corporate hospitality areas of 200 square metres each, facing the auditorium.
The Palladium is also in the process of developing integrated high-class food and beverage outlets and a club environment, open throughout the day, the complete details of which, will be unveiled soon.
Labels: New Developments
Food City worth $200mn underway in Dubai
Thursday, February 26, 2009
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A five million square foot self-contained development, worth Dh.734mn ($200mn), namely the "Food City", is underway in Dubai, revealed industry sources yesterday.
The development, with a capability of accommodating 400 to 500 companies, is aimed at wholesale food merchants, said Farouk Qasim, Head of Food and Beverage group, Dubai Chamber of Commerce and Industry (DCCI).
According to Qasim, things would be easier if everything is under one roof, such as inspections for customs, or warehousing. Therefore it would be a one-stop shop.
Although the estimated value of the project is currently worth $200mn, this figure may vary depending on the construction costs.
The City is likely to be located close to a seaport, as majority of exports go by sea. Dubai Food City will increase food security in the UAE, which already imports 90 percent of its food. The project, which is currently in planning stages, will be carried out in four phases, with one complete phase hoped to be completed by 2012.
Dubai already houses the Dubai International Finance Centre, Media City, Internet City, Healthcare City, Knowledge Village, Humanitarian City, among others.
The development, with a capability of accommodating 400 to 500 companies, is aimed at wholesale food merchants, said Farouk Qasim, Head of Food and Beverage group, Dubai Chamber of Commerce and Industry (DCCI).
According to Qasim, things would be easier if everything is under one roof, such as inspections for customs, or warehousing. Therefore it would be a one-stop shop.
Although the estimated value of the project is currently worth $200mn, this figure may vary depending on the construction costs.
The City is likely to be located close to a seaport, as majority of exports go by sea. Dubai Food City will increase food security in the UAE, which already imports 90 percent of its food. The project, which is currently in planning stages, will be carried out in four phases, with one complete phase hoped to be completed by 2012.
Dubai already houses the Dubai International Finance Centre, Media City, Internet City, Healthcare City, Knowledge Village, Humanitarian City, among others.
Labels: Latest News, New Developments
Hydra Village Sharjah aimed towards housing 50,000 residents
Tuesday, December 16, 2008
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The leading UAE-based property developer, Hydra Properties, announced plans to develop a new mixed-use project in Sharjah to accommodate a population of 50,000.
The 'Hydra Village Sharjah' will be a landmark development in Sharjah, which will be unveiled during the Acres Middle East Exhibition, due to be held between the 15th and 18th December 2008 at the Expo Center Sharjah, said the CEO of Hydra, Dr. Sulaiman al Fahim.
The project is said to offer 66 percent residential, 14 percent official, and 10.5 percent retail and 9.5 percent hospitality space.
The new Hydra Village Sharjah would be a true blend of modern Arab architecture and sophisticated all-glass elegance. The mixed-use project will comprise a suburban oasis of harmonious family-oriented communities and contrast motifs.
With a total of 1068 townhouses and 3618 apartments spread across eight clusters, customers are provided with the option of choosing between luxurious town houses, modern single, double and triple bedroom apartments, and wonderful terrace apartments.
A luxurious hotel and state-of-the-art offices too, would form a part of the project, offering the much required convenience to the relaxed community. The self-contained village will also include several retail establishments like restaurants, shops, cafes, supermarkets, dining delights, schools, club houses, and Mosques.
The project is located 15kms away from the Sharjah International Airport and 30kms from the center of the city. Being so located, Hydra Village Sharjah will offer dreamlike calmness and relaxation to residents who seek to move away from stressful lifestyles associated with fast-paced city life.
According to Dr. Al Fahim, Acres Middle East is sure to draw the attention of both individual and institutional investors and high net-worth personalities with its unique value propositions and leading architectural design.
Established in 2006, Hydra Properties is a private establishment aimed to offer UAE, the Middle East and the entire world with development concepts that are truly reflected in the various landmark projects of the company.
Labels: New Developments, Property-show, Sharjah
Avanti Holding launches Dh.1bn worth new projects in Dubai
Sunday, November 02, 2008
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Three new projects, worth a total of Dh.1bn have been launched simultaneously in Dubai by the master developer, Avanti Holding, thereby reinstating the company's position as a major player in the UAE property sector.
About 6 projects have already been delivered in the UAE by the company during the past two years. The new projects are targeted mainly towards the upper middle class. The first project being, 'Serenity Lakes', second is the 'Giordino Rotondo', both of which will be located in JVC, while the third, namely, 'Archery Tower' will be located at the Sports City.
Khaled Chaaban, the Chief Operating Officer of Avanti, said the launch of three new projects is a major example of the major investment being made in the region, aimed towards leading the boom witnessed by the property sector.
The company has already commenced construction phases on all three projects, and the ground breaking is being planned, while the company is awaiting the last NOC from the Land Department.
Chaabaan appreciated the move taken by RERA in regulating the market, which is a step in the right direction, which adds value to all stake holders in the Real Estate Market in Dubai.
Avanti Holding is a 100 percent RERA (Real Estate Regulatory Authority) compliant company, with all its systems abiding by the new regulations to protect interest of all parties. Its total projects till date is worth Dh.55bn including the UAE.
Labels: New Developments
Memon Group to launch Gardenia I & II at Jumeirah Village South
Tuesday, October 28, 2008
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An arm of the renowned international business conglomerate the Memon Group of Companies, Memon Investments, has announced the launch of Dh.150mn project at Jumeirah Village South - Gardenia I & II.
The luxurious residential development is the first property by the developer at Jumeirah Village South, followed by the previous projects at Dubai Sports City and the Dubai Silicon Oasis. The project forms a part of the ambitious plan by the developer to unveil projects worth total of Dh.2.5bn towards second half of this year.
An Escrow Account for the project is already in place, through partnership with the Commercial Bank of Dubai, and in compliance with requirements by RERA (Real Estate Regulatory Agency) and DLD (Dubai Land Department). Two payments schemes have been devised which makes the project more investor-friendly. Investors get to choose between making a 10 percent down payment and availing 80 percent finance, or making 10 percent down payment and making 80 percent payment through quarterly installments.
The project focuses on energy saving methods such as special insulation that reduces air-conditioning power consumption, mood lighting in all common areas, temperature-controlled retail arcade, recycling unit, and garbage disposal managements.
Situated within Jumeirah Village South, near the Cultural Center and renowned Central Park, Gardenia project is designed to offer a Mediterranean experience to its residents. Including a mix of residential, retail and commercial spaces, the project features about 170 residential apartments, including 68 single bedroom units, 60 studios, 22 double bedroom units, 13 loft apartments and 7 lavish townhouses and 8 retail units on the ground floor.
Spread along a 90,000 square feet plot with total built-up area of 157,265 square feet, residents have access to world-class amenities, including the two roof-top health clubs, communal swimming pools, steam, sauna, spas, party halls, outdoor terraces, Jacuzzis, basement parking, hi-speed elevators, gymnasiums, boutiques, restaurants, cafes and travel agency. All this apart from other necessary amenities such as 24 hours concierge desk, Wi-Fi technology, mood lighting, keyless entry, mood lighting, intercom system for each apartment, hi-speed internet access, and an in-house maintenance team and valet parking.
The tower is due for completion by 2010.
The Chairman of Memon Group, Abu Baker Shaikhani, said "This is our maiden project in Jumeirah Village South. We are confident about the sales prospects of the project, particularly considering factors such as the high quality of development, excellent location, easy access to Emirates Road, Al Khail road and other such major roads."
The project designer, Dimensions and Engineering Consultants (DEC), are an award-winning architectural and engineering services company, catering to a range of private and public clients across the region.
With about 8 locations across the UAE, Egypt and rest of the Gulf, the company offers value-added professional solutions. The other renowned structures in the company's portfolio include the Palm Jebel Ali, Jumeirah Lake Towers, Dubai Health Care City, Dubai International City, Falcon City of Wonders and others.
With over more than two decades of industry experience, DEC has successfully completed more than 500 projects within the region, and is carrying on with about 100 projects in hand.
The luxurious residential development is the first property by the developer at Jumeirah Village South, followed by the previous projects at Dubai Sports City and the Dubai Silicon Oasis. The project forms a part of the ambitious plan by the developer to unveil projects worth total of Dh.2.5bn towards second half of this year.
An Escrow Account for the project is already in place, through partnership with the Commercial Bank of Dubai, and in compliance with requirements by RERA (Real Estate Regulatory Agency) and DLD (Dubai Land Department). Two payments schemes have been devised which makes the project more investor-friendly. Investors get to choose between making a 10 percent down payment and availing 80 percent finance, or making 10 percent down payment and making 80 percent payment through quarterly installments.
The project focuses on energy saving methods such as special insulation that reduces air-conditioning power consumption, mood lighting in all common areas, temperature-controlled retail arcade, recycling unit, and garbage disposal managements.
Situated within Jumeirah Village South, near the Cultural Center and renowned Central Park, Gardenia project is designed to offer a Mediterranean experience to its residents. Including a mix of residential, retail and commercial spaces, the project features about 170 residential apartments, including 68 single bedroom units, 60 studios, 22 double bedroom units, 13 loft apartments and 7 lavish townhouses and 8 retail units on the ground floor.
Spread along a 90,000 square feet plot with total built-up area of 157,265 square feet, residents have access to world-class amenities, including the two roof-top health clubs, communal swimming pools, steam, sauna, spas, party halls, outdoor terraces, Jacuzzis, basement parking, hi-speed elevators, gymnasiums, boutiques, restaurants, cafes and travel agency. All this apart from other necessary amenities such as 24 hours concierge desk, Wi-Fi technology, mood lighting, keyless entry, mood lighting, intercom system for each apartment, hi-speed internet access, and an in-house maintenance team and valet parking.
The tower is due for completion by 2010.
The Chairman of Memon Group, Abu Baker Shaikhani, said "This is our maiden project in Jumeirah Village South. We are confident about the sales prospects of the project, particularly considering factors such as the high quality of development, excellent location, easy access to Emirates Road, Al Khail road and other such major roads."
The project designer, Dimensions and Engineering Consultants (DEC), are an award-winning architectural and engineering services company, catering to a range of private and public clients across the region.
With about 8 locations across the UAE, Egypt and rest of the Gulf, the company offers value-added professional solutions. The other renowned structures in the company's portfolio include the Palm Jebel Ali, Jumeirah Lake Towers, Dubai Health Care City, Dubai International City, Falcon City of Wonders and others.
With over more than two decades of industry experience, DEC has successfully completed more than 500 projects within the region, and is carrying on with about 100 projects in hand.
Labels: Jumeriah Village, New Developments
Abyaar Real Estate launches Dh.4bn worth projects in Dubai
Sunday, October 12, 2008
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Kuwait-based Abyaar Real Estate yesterday launched Dh.4billion worth projects in various parts of Dubai.
The first being Ice Tower, designed in the shape of a floating iceberg, likely to come up in Dubai Marina. It will have 30 levels of angular glass, and will include 103 unique apartments.
The project will go on sale in two weeks time. Construction will commence in two weeks, and will be complete by last quarter of 2010.
According to the Karl Finder, the Australian Architect, the building has many fissure and facets between the two sides of the structure, which will provide various degree of sunlight to the balconies on the inside of the building. The difference in lighting makes each apartment unique.
The next to be launched was the resort-lifestyle community planned around a manmade waterfront, called Pier 8, located at Dubai Marina, and is due for completion in 14 months.
The development, designed by Atkins, comprises 40 storeys of high-end luxury apartments. The tower offers 232 units of studios, single and double bedroom apartments and two penthouses on the top floors.
The sales of Pier 8, due for completion in 14 months, was also announced yesterday.
The Company also launched the Dubai Arts District (DAD), a Dh.1.4bn community, comprising residential, office and recreational buildings.
About eleven residential buildings will span across an area of 2.1mn square feet. The buildings draw inspiration from nature and depict the theme of sand and wind in terms of shape and colours. The buildings are said to have low maintenance costs and reduce the glare from the sun due to their design and will be sustainable.
The construction will commence within two months, and will be complete in the last quarter of 2011.
The Company has already started sales of the commercial space in the project.
The first being Ice Tower, designed in the shape of a floating iceberg, likely to come up in Dubai Marina. It will have 30 levels of angular glass, and will include 103 unique apartments.
The project will go on sale in two weeks time. Construction will commence in two weeks, and will be complete by last quarter of 2010.
According to the Karl Finder, the Australian Architect, the building has many fissure and facets between the two sides of the structure, which will provide various degree of sunlight to the balconies on the inside of the building. The difference in lighting makes each apartment unique.
The next to be launched was the resort-lifestyle community planned around a manmade waterfront, called Pier 8, located at Dubai Marina, and is due for completion in 14 months.
The development, designed by Atkins, comprises 40 storeys of high-end luxury apartments. The tower offers 232 units of studios, single and double bedroom apartments and two penthouses on the top floors.
The sales of Pier 8, due for completion in 14 months, was also announced yesterday.
The Company also launched the Dubai Arts District (DAD), a Dh.1.4bn community, comprising residential, office and recreational buildings.
About eleven residential buildings will span across an area of 2.1mn square feet. The buildings draw inspiration from nature and depict the theme of sand and wind in terms of shape and colours. The buildings are said to have low maintenance costs and reduce the glare from the sun due to their design and will be sustainable.
The construction will commence within two months, and will be complete in the last quarter of 2011.
The Company has already started sales of the commercial space in the project.
Labels: Dubai Marina, New Developments, Resorts
Tiger Properties launches the luxurious condominium Tiger Towers
Wednesday, September 17, 2008
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Tiger Properties have announced the launch of its latest project, Tiger Towers at the core of Dubai Waterfront development.
The twin condominium towers, 170 and 185 meters in height, will be located at the Madinat Al Arab of the Dubai Waterfront development. The towers would cover a built-up area of 121,500 square meters and the buildings will be joined together by 3000 square meters of retail space at the street level and a four-storey podium building.
The towers will also share four levels of underground parking. The towers will the exclusive corner units that offer breath taking views while also maximizing daylight exposure. The towers have a wide array of amenities, including children's playroom, concierge services, club facilities, lounge for relaxing, a spa, exercise room and swimming pool. The club facilities also include roof-top restaurant at the 48th floor and landscaped areas on the ground level.
The CEO of Tiger Properties, Taha Mohammed, said "With Tiger Towers we will establish a new benchmark for buildings in the Waterfront district - one of the most successful urban neighborhoods of Dubai."
According to Tiger Properties, this high-rise project is an icon in the city, likely to be the most luxurious urban condominium building in Dubai.
The twin condominium towers, 170 and 185 meters in height, will be located at the Madinat Al Arab of the Dubai Waterfront development. The towers would cover a built-up area of 121,500 square meters and the buildings will be joined together by 3000 square meters of retail space at the street level and a four-storey podium building.
The towers will also share four levels of underground parking. The towers will the exclusive corner units that offer breath taking views while also maximizing daylight exposure. The towers have a wide array of amenities, including children's playroom, concierge services, club facilities, lounge for relaxing, a spa, exercise room and swimming pool. The club facilities also include roof-top restaurant at the 48th floor and landscaped areas on the ground level.
The CEO of Tiger Properties, Taha Mohammed, said "With Tiger Towers we will establish a new benchmark for buildings in the Waterfront district - one of the most successful urban neighborhoods of Dubai."
According to Tiger Properties, this high-rise project is an icon in the city, likely to be the most luxurious urban condominium building in Dubai.
Labels: Commercial Property, New Developments, Water front
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
The Giovanni Boutique Suites getting ready as scheduled at Dubai Sports City
Sunday, August 17, 2008
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The Giovanni Boutique Suites, located in Dubai Sports City, will be ready by April 2010, revealed Salya Developments, the developer of the project. Salya Developments are an international arm of the UK based Salya Corportation.
The Boutique Suites are an upmarket Italian property development, designed by the renowned Italian designer, Giovanni Batista Ravaganani, and has about 400 well-done suites.
The Dh.300mn Boutique Suites is the only fully furnished project by the developer. Located adjacent to lush green jogging tracks, which promotes health and fitness, it was sold within the first seven weeks of pre-launch.
The Managing Director of Salya, Dr. Rakesh Chandola, commented that Branded Boutique properties are usually highly priced due to the high associated costs.
He added that Salya is the only developer of Designer and Boutique properties in Dubai that are within easy reach of most investors and customers.
Salya Corporation had acquired the islands of "Brunei" and "Finaland" on 'The World' in April 2008. With this, the land bank, the investment value of Salya touched Dh.800mn. Salya will spend another Dh.2.4bn towards construction and development of the islands. The Mermaid Princess Boutique Resort (Island of Brunei), and The Finland World Resort (Island of Finland) are part of 15 projects that are now under pipeline in Salya's list.
The islands are now in their planning stages and the pre-launch is being planned in October 2008, with handover expected in another three years.
The Boutique Suites are an upmarket Italian property development, designed by the renowned Italian designer, Giovanni Batista Ravaganani, and has about 400 well-done suites.
The Dh.300mn Boutique Suites is the only fully furnished project by the developer. Located adjacent to lush green jogging tracks, which promotes health and fitness, it was sold within the first seven weeks of pre-launch.
The Managing Director of Salya, Dr. Rakesh Chandola, commented that Branded Boutique properties are usually highly priced due to the high associated costs.
He added that Salya is the only developer of Designer and Boutique properties in Dubai that are within easy reach of most investors and customers.
Salya Corporation had acquired the islands of "Brunei" and "Finaland" on 'The World' in April 2008. With this, the land bank, the investment value of Salya touched Dh.800mn. Salya will spend another Dh.2.4bn towards construction and development of the islands. The Mermaid Princess Boutique Resort (Island of Brunei), and The Finland World Resort (Island of Finland) are part of 15 projects that are now under pipeline in Salya's list.
The islands are now in their planning stages and the pre-launch is being planned in October 2008, with handover expected in another three years.
Labels: Dubai Sports City, New Developments
Dubai Investments to launch Dh.2bn Mirdiff Hills in Dubai
Sunday, August 03, 2008
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Dubai Investments (DI), through its real estate arm Dubai Investments Real Estate Company (DIRC), has announced plans to launch the Dh.2bn Mirdiff Hills mixed-use development in Dubai.
Being the latest in a series of mega projects launched by DI, Mirdiff Hills is considered a self-contained community with corporate offices, residential apartments and retail outlets.
The project, with a total built-up area of 2.7mn Square Feet, includes all modern facilities including clubhouse, swimming pool, playschools, internet connectivity, children play area, cafes, and 24-hour security.
Speaking during the launch of the project, the Managing Director and CEO of DI, Khalid Kalban, mentioned that DIRC aims to play a leading role in regional property sector, and through the launch of Mirdiff Hills the company plans to take a considerable step towards achieving objectives and consolidating the market presence of the company.
He revealed that several other prestigious projects are in pipeline, and DIRC is all set to expand its growing portfolio and presence in UAE realty sector.
Mirdiff Hills is a landmark project, and is likely to be one of the most desired mixed-use destinations in Dubai. With a unique blend of residential, retail and commercial units, together with world-class and leisure amenities, Mirdiff Hills will be a good self-sustained township, which offers tenants a comfortable community lifestyle, described Obaid Al Salami, the General Manager of DIRC.
Construction has already commenced, and the project will be complete by 2010.
Located in the Mirdiff area of the City, the Mirdiff Hills features 680 comfortable apartments, 380 offices and 129 retail units. Designed by the renowned Dubai-based architects Al Shurooq Engineering Consultants, the construction leaders Al Arif Contracting Company has been appointed as the lead contractor.
DIRC owns a portfolio of excellent mix of residential and commercial projects in UAE, apart from the Dh.14bn mixed-use development that is currently under construction in Ajman. DIRC has also made its presence felt in the hospitality and sports management sectors through its subsidiaries.
Labels: Mirdiff, New Developments
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
Emaar Bawadi unveils Maysan Towers at Asmaran
Tuesday, July 01, 2008
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Emaar Bawadi, the joint venture between Emaar Properties and Bawadi, has unveiled Maysan Towers, the first residential tower complex, comprising three high-rise apartment towers within Asmaran master-planned community in Bawadi, spreading 70million square feet.
The registered customers can purchase homes on a 'first come first served' basis on 30th June during a sales event held at the Asmaran Sales Center located on Al Qudra Road. The sales center will display a model two-bedroom apartment, so that homeowners get a picture of Maysan residential apartment experience. Several financial institutions have come forward offering easy home finance options.
Located just minutes away from the Bawadi Square, the Maysan Towers community is located in lush landscaped surroundings, with a range of lifestyle amenities and community services. Ample parking space is offered on three basement floors and four partial podium levels.
Designed in elegant Mediterranean style, the Maysan Community includes three residential towers of 30, 26 and 24 storeys each. Located within the entertainment and hospitality districts of Asmaran, the Maysan captures the dynamism of Bawadi Boulevard, Bawadi Square and retail and entertainment souk.
Maysan is also in close proximity to world-class hotels, including the world's largest hotel located in Bawadi. Residents get to enjoy amenities such as fully equipped gymnasium, swimming pools, children play area and games rooms, apart from underground parking and retail. The nine feet high ceilings in rooms add to the feeling of space and light, with all rooms having tinted double glazed windows for comfort and privacy. The kitchen is equipped with bench-top ceramic, 4-burner electric hotplate, refrigerator and dishwasher.
The Chief Executive Officer of Bawadi, Arif Mubarak, commented that Asmaran is a path-breaking development, that brings an integrated lifestyle community, and the new apartment complex will be appealing to those who prefer a home in one of the most happening destinations in Dubai, but away from the regular bustle of the city.
The Managing Director of Emaar Bawadi, Issam Galadari, said that, Maysan Towers are the first residential apartments showcased at Asmaran, an integrated neighborhood that has established itself as a sought-after home destination. The Meysan residential tower emphasizes the development expertise of Emaar and Bawadi, two leading developers in Dubai.
Asmaran will be completed in phases, and after completion, it will be home to a population of 55,000, featuring family-oriented theme park, a mall spreading across 3million Sq. ft., commercial space of 4mn Sq. Ft., more than 5300 serviced apartments, nine world-class restaurants, and a wide range of retail and leisure amenities.
Labels: Asmaran, Bawadi, Emaar, New Developments, Sales
Sweet Homes launches Dh1.3bn mixed-use luxury development in Ajman
Sunday, June 22, 2008
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A leading UAE-based developer, Sweet Homes, has announced the launch of Dh.1.3billion development in Ajman.
The project includes seven commercial and residential towers, and 1504 villas and townhouses spread across 4m sq. ft., within the Dh.2.5billion 'Ajman Uptown' community development, which is likely to accommodate the first freehold residential villas in Ajman.
Sweet Homes will build five mixed-use luxury towers, including a 42,936 Sq. Mt. building - 'Heliconia', which comprises 352 studio, single and double bedroom flats, and 30 prime retail spaces on the ground floor. The other developments are the 'Iris' - a 22,741 sq. mt. development including 188 flats and 15 commercial spaces; 'Jatropha' - a 21,751 sq. mt. mid-rise structure including 184 residential and 14 commercial units; 'Kentia' - a 30,430 sq. mt. development with 224 residential flats, 28 business spaces; and 'Ludisia' - a 17,321 sq. mt. development with 148 apartments and 14 retail units.
Ajman Uptown will also include two office towers - 'Freesia' and 'Gardenia'. They will prove to be an ideal location for commercial and retail projects, accessible directly from the Emirates Road.
Spreading across 20,733 sqm, Freesia will house 152 offices and 13 showrooms, while 'Gardenia' which spreads across 26,619 sqm of space will have 212 offices and 16 showrooms. Both these towers will include a health club at rooftop, and basement parking facility.
The residential development will include amenities such as a healthcare center, school, fire fighting station, several mosques, health and recreation club, swimming pool, parks, shopping mall, retail shops, boutique offices, hotels, food courts all surrounded by a single 1.15km pedestrian pathway.
The project includes seven commercial and residential towers, and 1504 villas and townhouses spread across 4m sq. ft., within the Dh.2.5billion 'Ajman Uptown' community development, which is likely to accommodate the first freehold residential villas in Ajman.
Sweet Homes will build five mixed-use luxury towers, including a 42,936 Sq. Mt. building - 'Heliconia', which comprises 352 studio, single and double bedroom flats, and 30 prime retail spaces on the ground floor. The other developments are the 'Iris' - a 22,741 sq. mt. development including 188 flats and 15 commercial spaces; 'Jatropha' - a 21,751 sq. mt. mid-rise structure including 184 residential and 14 commercial units; 'Kentia' - a 30,430 sq. mt. development with 224 residential flats, 28 business spaces; and 'Ludisia' - a 17,321 sq. mt. development with 148 apartments and 14 retail units.
Ajman Uptown will also include two office towers - 'Freesia' and 'Gardenia'. They will prove to be an ideal location for commercial and retail projects, accessible directly from the Emirates Road.
Spreading across 20,733 sqm, Freesia will house 152 offices and 13 showrooms, while 'Gardenia' which spreads across 26,619 sqm of space will have 212 offices and 16 showrooms. Both these towers will include a health club at rooftop, and basement parking facility.
The residential development will include amenities such as a healthcare center, school, fire fighting station, several mosques, health and recreation club, swimming pool, parks, shopping mall, retail shops, boutique offices, hotels, food courts all surrounded by a single 1.15km pedestrian pathway.
Labels: Ajman, Freehold Property, New Developments, Villa Projects
ICD unveils new iconic 36-storey mixed-use development One Za'abeel
Sunday, June 15, 2008
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Investment Corporation of Dubai (ICD) has launched an iconic 36-storey mixed-use development One Za'abeel at the World Trade Center roundabout.
One Za'abeel has been rightly named, as it is strategic ally positioned between the old and new business districts in the Sheikh Zayed Road of Dubai. Comprising three separate towers, One Za'abeel will be interlinked at the top, and will share a common podium at the base. It is for the first time in the region that a highway will run through the development. One Za'abeel will offer easy access to both Metro stations.
The retail area, covering 270,000 square feet, will have a retail podium that connects the three towers at the ground level. One Zaabeel will have a car parking space for 2300 cars.
Construction of the project is likely to begin shortly and will be complete during early 2011. Due to its prime location on the Sheikh Zayed road, One Za'abeel will turn out to be a symbol of Dubai's rich trading roots, and will rapidly rise to be a modern international financial and business hub. One Za'abeel is planned such that it turns out to be an environment-friendly project, abiding by the green buildings initiative launched by Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and ruler of Dubai.
One Za'abeel has been rightly named, as it is strategic ally positioned between the old and new business districts in the Sheikh Zayed Road of Dubai. Comprising three separate towers, One Za'abeel will be interlinked at the top, and will share a common podium at the base. It is for the first time in the region that a highway will run through the development. One Za'abeel will offer easy access to both Metro stations.
The unique residential tower will include 450 apartments, a 370-room five-star hotel tower, and a commercial tower covering 500,000 square feet of space. The commercial tower too, will be interlinked at the top with 133 serviced apartments, and will feature a swimming pool, meeting rooms and other amenities making it an ideal hub for Dubai's business community.
The retail area, covering 270,000 square feet, will have a retail podium that connects the three towers at the ground level. One Zaabeel will have a car parking space for 2300 cars.
Construction of the project is likely to begin shortly and will be complete during early 2011. Due to its prime location on the Sheikh Zayed road, One Za'abeel will turn out to be a symbol of Dubai's rich trading roots, and will rapidly rise to be a modern international financial and business hub. One Za'abeel is planned such that it turns out to be an environment-friendly project, abiding by the green buildings initiative launched by Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and ruler of Dubai.
Labels: Apartments, Business Tower, New Developments
Bawabat Al Sharq - mixed-use development unveiled in Abu Dhabi
Wednesday, May 14, 2008
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Bawabat Al Sharq, a 108-hectare mixed-use development, worth Dh.2.2bn, has been launched by Bani Yas Investment and Development (BID) in Bani Yas City of Abu Dhabi.
The project which include residential, entertainment, retail and sporting amenities, also houses the new headquarters and sports amenities for Bani Yas Sports Club, including the FIFA-standard Football stadium, with a seating capacity of more than 20,000 spectators.
The Phase one of this project is likely to be complete towards early 2010.
Bawabat Al Sharq also features a 134,409 square meters shopping center, and a parking space for more than 2200 vehicles. It includes other amenities such as medical center, schools, health club, speciality training clubs, international hypermarket, 16 food court outlets, pharmacies, banks, cinemas and coffee shops.
The BID Chairman, Jawaan Al Khaili, says "Bawabat Al Sharq, apart from enhancing the leisure and tourism appeal of Bani Yas, will also offer a major impetus to the economy of the region."
The project which include residential, entertainment, retail and sporting amenities, also houses the new headquarters and sports amenities for Bani Yas Sports Club, including the FIFA-standard Football stadium, with a seating capacity of more than 20,000 spectators.
The Phase one of this project is likely to be complete towards early 2010.
Bawabat Al Sharq also features a 134,409 square meters shopping center, and a parking space for more than 2200 vehicles. It includes other amenities such as medical center, schools, health club, speciality training clubs, international hypermarket, 16 food court outlets, pharmacies, banks, cinemas and coffee shops.
The BID Chairman, Jawaan Al Khaili, says "Bawabat Al Sharq, apart from enhancing the leisure and tourism appeal of Bani Yas, will also offer a major impetus to the economy of the region."
Labels: Abu Dhabi, New Developments
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
Iris launches its fourth project IRIS Asmar
Sunday, April 06, 2008
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IRIS, the Dubai-based Indian property developer plans to boost its portfolio to Dh.5bn this year, through the launch of its latest project, 'IRIS Asmar', worth Dh.100million.
IRIS Asmar is a seven storey residential building in Cultural Village, which comprises eight triple-bedrooms and seven four bedroom apartments. This is the fourth project of the company in Dubai, which raises the current portfolio of the company to Dh.2.5bn.
'IRIS Asmar' is designed on the concept of Islamic Architecture, which will reflect the essence of Culture Village in terms of diversity and design, paying attention to detail. The tower symbolizes modern living, offering a panoramic view of Dubai. The special combination of privacy and space, coupled with exclusive finishes and unique synthesis of design and technology ensures that every apartment symbolizes perfection and a five-star lifestyle.
Located ideally in the heart of Culture Village, in close proximity to the Waterfront Canal, in close proximity to Dubai International Airport, Sheikh Zayed Road and Business Bay and Emirates Roads, the residents of IRIS Asmar get to enjoy paramount views of the waterfront development.
Among several other amenities at the complex, are high-speed internet facilities, ground floor retail space, advanced safety systems, high-speed elevators, 24-hour concierge, and access to Satellite Television, state-of-the-art fitness club, closed-circuit television, sauna, swimming pool, Jacuzzi, landscaped podium, and private parking spaces.
Each apartment within the property development feature private decorative latticed balconies, Arabian style gardens, rooftop swimming pools, and traditional Arabesque details with parapets and domes. The starting prices of apartments in Iris Asmar is Dh.2,835 per square foot, which is likely to go up to Dh.2,888 per square foot.
The Director, Iris Properties, Ashwin Sheth, says "With the fast-paced growth of the property market, the major concern is to find good contractors and consultants. Completion of project on time, is more challenging than selling the apartments."
He also revealed that two more projects are in pipeline, waiting to be launched this year. One is the launch of the development in Business Bay and Maritime City in April, which will increase the company's Dubai portfolio to Dh.5bn, spread across six projects, on four million square feet of land, including parking areas.
Labels: Apartments, Cultural-Village, New Developments, Residential
Emaar's Burj Park sales to commence on 5th April'08
Saturday, April 05, 2008
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The Dubai-based property developer, Emaar Properties, has unveiled its premium Waterfront residential zone, the Burj Park, which is also the first of its kind in Downtown Burj Dubai.
Strategically located within a walking distance of 'Burj Dubai' and 'Dubai Mall', the Burj Park offers direct access to Park Island and Burj Lake Promenade, a 25-hectare park, located on an island that is accessible via the bridge walkway.
The sales of studios, single, and double bedroom apartments in the 50-storey Burj Park will commence on 5th April 2008 at the Downtown Living Sales Center, located within the Downtown Burj Dubai.
The Burj Park development redefines the lifestyle experience by blending the elegant views offered by the Park with state-of-the-art amenities. Most of the residences in the Park open to a panorama of water and greenery, including 'The Fountain' and world-class musical water feature, incorporating choreographed light, music and projection.
The Burj Park V also features non-classical architecture, together with modern décor, designed to collaborate between local and international architects.
The Emaar Properties Sales Director, Saif Al Mansoori, says "The Burj Park V is located in a prime destination offering impressive waterfront views to its residents. The central location within the thriving neighborhood, Downtown Burj Dubai, which has already gained recognition as a global investment destination, adds to the affluence of the community."
Potential investors are free to log on to http://www.emaar.com/ for more details or could contact their toll-free number at 800-EMAAR (800-36227).
Strategically located within a walking distance of 'Burj Dubai' and 'Dubai Mall', the Burj Park offers direct access to Park Island and Burj Lake Promenade, a 25-hectare park, located on an island that is accessible via the bridge walkway.
The sales of studios, single, and double bedroom apartments in the 50-storey Burj Park will commence on 5th April 2008 at the Downtown Living Sales Center, located within the Downtown Burj Dubai.
The Burj Park development redefines the lifestyle experience by blending the elegant views offered by the Park with state-of-the-art amenities. Most of the residences in the Park open to a panorama of water and greenery, including 'The Fountain' and world-class musical water feature, incorporating choreographed light, music and projection.
The Burj Park V also features non-classical architecture, together with modern décor, designed to collaborate between local and international architects.
The Emaar Properties Sales Director, Saif Al Mansoori, says "The Burj Park V is located in a prime destination offering impressive waterfront views to its residents. The central location within the thriving neighborhood, Downtown Burj Dubai, which has already gained recognition as a global investment destination, adds to the affluence of the community."
Potential investors are free to log on to http://www.emaar.com/ for more details or could contact their toll-free number at 800-EMAAR (800-36227).
Labels: Downtown, Emaar, Latest News, New Developments
ACI, Al Odaid deal signed to launch new development at Al Reem
Friday, April 04, 2008
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ACI Real Estate, an affiliate of Alternative Capital Invest in Germany, has entered into a strategic partnership with Al Odaid Real Estate in Abu Dhabi, to launch a new development at Capital Bay on Abu Dhabi's Al Reem Island.
The development comprises five residential towers, all built on a single podium. Each tower will comprise about 17 to 22 storeys on a total built up area of 1.2 million square feet. Apart from this, the residents will have the opportunity to enjoy a plethora of state-of-the art amenities such as the gymnasiums, roof top pools and Jacuzzi.
Located along the northern shores of Abu Dhabi, The Al Reem Island is a natural paradise, anchored on the pristine blue waters of the Arabian Sea.
The Managing Director of ACI, Robin Lohmann, said "The partnership with Al Odaid opens a new chapter in our expansion across the UAE. Moving in to Abu Dhabi will not only add value to our portfolio, but, will also signify our commitment to align ourselves with industry leaders, who share our passion for innovative realty projects."
The development comprises five residential towers, all built on a single podium. Each tower will comprise about 17 to 22 storeys on a total built up area of 1.2 million square feet. Apart from this, the residents will have the opportunity to enjoy a plethora of state-of-the art amenities such as the gymnasiums, roof top pools and Jacuzzi.
Located along the northern shores of Abu Dhabi, The Al Reem Island is a natural paradise, anchored on the pristine blue waters of the Arabian Sea.
The Managing Director of ACI, Robin Lohmann, said "The partnership with Al Odaid opens a new chapter in our expansion across the UAE. Moving in to Abu Dhabi will not only add value to our portfolio, but, will also signify our commitment to align ourselves with industry leaders, who share our passion for innovative realty projects."
Labels: Abu Dhabi, Al Reem Island, New Developments
Nakheel launches the tenth precinct of The Emirates
Tuesday, April 01, 2008
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Nakheel has launched its final and tenth precinct at the residential district of International City, 'The Emirates'.
Construction has commenced early this year, and is likely to be complete by the third quarter of 2009.
The Emirates, based on traditional regional architecture, will feature 856 studios, 756 single bedroom residential units and 52 commercial units.
The internationally-themed communities in 'The Emirates' include England, France, China, Italy, Greece, Russia, Persia and Morocco.
The International City, which has been designed as an integrated multi-purpose development to meet the demand for affordable housing in Dubai, is expected to house 70,000 people towards end of 2008.
Labels: International City, Nakheel, New Developments
Nakheel's Waterfront City masterplan unveiled
Friday, March 14, 2008
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Nakheel has unveiled the masterplan for Waterfront City, which forms the highlight of the world's largest urban development project, the Dubai Waterfront.
Nakheel has unveiled the masterplan for Waterfront City, which forms the highlight of the world's largest urban development project, the Dubai Waterfront.Comprising a central island, surrounded by four other districts - the Resort, Madinat Al Soor, the Boulevard and the Marina, the Waterfront City will house a residential population of 92,000 and working population of 310,000 people. Spreading across 330 hectares of land, along the western coast of Dubai, the Waterfront Development will house approximately 1.5mn people.
The Waterfront City will house 144 high-rise towers that stretch more than 100 meters in height, and 45 percent of the area will be covered by residential sector, 33 percent will be allocated as office space, 11 percent for hotels, 6 percent for retail, and 5 percent for civic and culture, revealed Frank Konings, the Nakheel Project Director for Waterfront City.
The Central Island district forms the defining element in the design of the Waterfront City. It is a grid of five streets by five streets, leaving walkable distance between blocks, easing out the traffic flow within the city.
Maximum shading and climate control in the city can be obtained by building higher masses on the south side and making efficient use of wind flow for cooling. Each city block will have a line-up of arcades and trees.
The Managing Director of Nakheel, Matt Joyce, said "Waterfront City forms the centerpiece of the Waterfront development and the masterplan is so-designed that it caters not only to businesses, but to residents and visitors of Dubai, alike. Each of the five districts that make up the Waterfront City, has its own individuality and is vital for promotion of a diverse and unified city. It will have a density similar to that in Manhattan, and hence, the retail, culture, commerce and private accommodation will be overlapped to form a compact city center."
The company is yet to give away contracts for initial works. Even the sales are yet to begin. However, the infrastructure works are expected to commence during early June, and the entire city is expected to be ready by the year 2018.
Labels: Nakheel, New Developments, Residential, Waterfront-city
DEC launches Garden Heights and HQ at Jumeirah Village
Monday, March 10, 2008
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Dheeraj and East Coast (DEC) has launched two new projects, Garden Heights and HQ, worth more than Dh.700mn at Jumeirah Village. With this, the total DEC investment in Jumeirah Village crosses Dh.1bn.
The latest five-phased development by Deeraj and East Coast in Jumeirah Village, 'The Lawn' is built with an investment worth more than Dh.300 million.
The Managing Director of DEC, Dheeraj Wadhawan, said "The new projects are prompted by the strong investor enthusiasm shown towards our previous projects at Jumeirah Village , 'The Lawns', with 100 percent of the project being sold out."
The Garden Heights, worth Dh.300 million, is a freehold residential project. The ground floor is entirely dedicated as a retail space. Spanning over a built-up area of 231,000 square feet of space, the development include four floors on basement parking and 24 floors of mixed-use space.
The development comprises 280 residential units in a two storey building, which includes 31 three bedroom duplexes, 36 two bedroom apartments, 65 single bedroom apartments and 146 studios.
The HQ, worth Dh.400mn is a commercial project, covering a built-up area of 300,000 square feet.
Available at a competitive price, both the developments are scheduled for completion by 2011.
DEC has 18 upcoming projects in Dubai, worth more than Dh.4.5billion, as on date.
The latest five-phased development by Deeraj and East Coast in Jumeirah Village, 'The Lawn' is built with an investment worth more than Dh.300 million.
The Managing Director of DEC, Dheeraj Wadhawan, said "The new projects are prompted by the strong investor enthusiasm shown towards our previous projects at Jumeirah Village , 'The Lawns', with 100 percent of the project being sold out."
The Garden Heights, worth Dh.300 million, is a freehold residential project. The ground floor is entirely dedicated as a retail space. Spanning over a built-up area of 231,000 square feet of space, the development include four floors on basement parking and 24 floors of mixed-use space.
The development comprises 280 residential units in a two storey building, which includes 31 three bedroom duplexes, 36 two bedroom apartments, 65 single bedroom apartments and 146 studios.
The HQ, worth Dh.400mn is a commercial project, covering a built-up area of 300,000 square feet.
Available at a competitive price, both the developments are scheduled for completion by 2011.
DEC has 18 upcoming projects in Dubai, worth more than Dh.4.5billion, as on date.
Labels: Freehold Property, Jumeriah Village, New Developments
Aldar unveils Al Zeina development in Abu Dhabi
Sunday, February 10, 2008
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Aldar Properties has launched a new mixed-use development, Al Zeina, which forms a strategic gateway to the Al Raha Beach Development.
The piling work on Al Zeina is now complete, and laying the ground floor slabs in now being carried out. On completion, Al Zeina will house 1032 units on the whole, with 137 villas, 779 apartments and 116 townhouses. Apart from this, Al Zeina will comprise private boat moorings, local supermarket, retail high street, shops, a jetty restaurant, and various other food and beverage outlets located on the retail high street. Al Zeina also boasts of a 500 meter long public beach, landscaped gardens, open spaces, and luxurious shared gardens.
Each of the eleven precincts on Al Raha Beach is unique in character with specific attributes that keep it apart from the rest of the precincts. This, being a self-sustainable community, residents can also enjoy the options of engaging themselves with the wider development like the canal network with serviced water taxis, the light rail transportation, and carrying on with their regular eating, shopping and relaxing activities within their own premises.
Labels: Abu Dhabi, Al Raha Beach, Aldar, New Developments
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
Nakheel announces Dubai Promenade, the latest waterfront community
Tuesday, January 15, 2008
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The Dubai Promenade, the latest sophisticated waterfront community, announced by Nakheel, comprising 60 berths and own marina, is expected to create a virtual peninsula along the Dubai shoreline, along with a magnificent five star wheel shaped hotel.
Encompassed by a marina, a natural beach and the sea, the Dubai Promenade will offer panoramic views and idyllic walkways, with its carefully considered architecture, which will create a different residential and commercial environment.
The project spreads over 25000 square meters of retail space, and about 17000 square meters of office space, with 2000 residential units accommodating nearly 10,000 residents.
Positioned between the Dubai Marina and the seafront, adjacent to Dubai International Marine Club (DIMC), the Dubai Promenade offers breathtaking views of The Palm Jumeirah, the Arabian Gulf and the coast towards the Jebel Ali Port.
The development emphasizes on open space, waterfront lifestyle, with expansive promenade opening up the seafront to visitors and residents. The entire waterfront will offer a selection of commercial and residential towers, restaurants, cafes and retail space.
The Senior General Manager, Dubai Promenade, Ali Bin Damithan, commented that the Dubai Promenade will now further enhance the international profile of the emirate, through its wheel-shaped hotel, which would be the centerpiece of attraction, as the unmatched structure and shape of the hotel will be so magnificent that no other skyline in the world offers something like it.
The construction of the development is due to begin during mid-2008.
The Dubai Promenade, the latest sophisticated waterfront community, announced by Nakheel, comprising 60 berths and own marina, is expected to create a virtual peninsula along the Dubai shoreline, along with a magnificent five star wheel shaped hotel.Encompassed by a marina, a natural beach and the sea, the Dubai Promenade will offer panoramic views and idyllic walkways, with its carefully considered architecture, which will create a different residential and commercial environment.
The project spreads over 25000 square meters of retail space, and about 17000 square meters of office space, with 2000 residential units accommodating nearly 10,000 residents.
Positioned between the Dubai Marina and the seafront, adjacent to Dubai International Marine Club (DIMC), the Dubai Promenade offers breathtaking views of The Palm Jumeirah, the Arabian Gulf and the coast towards the Jebel Ali Port.
The development emphasizes on open space, waterfront lifestyle, with expansive promenade opening up the seafront to visitors and residents. The entire waterfront will offer a selection of commercial and residential towers, restaurants, cafes and retail space.
The Senior General Manager, Dubai Promenade, Ali Bin Damithan, commented that the Dubai Promenade will now further enhance the international profile of the emirate, through its wheel-shaped hotel, which would be the centerpiece of attraction, as the unmatched structure and shape of the hotel will be so magnificent that no other skyline in the world offers something like it.
The construction of the development is due to begin during mid-2008.
Labels: Community, Nakheel, New Developments, Real Estate Projects, Water front
'Isla Moda'- the world's first fashion island launched in Dubai
Thursday, January 10, 2008
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The world's first 'Fashion Island' Isla Moda, was launched in Dubai yesterday, by Dubai Infinity Holdings (DIH).
Being an iconic mixed-use development, the Isla Moda, will have themed residential villas, fashion resort, haute couture boutiques, luxury hospitality, all in a single development, with an aim to establish Dubai as a global fashion hub.
Renowned fashion designers from various continents will take up the designing of each element of the development.
The DIH, which was launched in December 2007, intends to increase the diversification of UAE economy through their strategic investment in lifestyle, entertainment, real estate, healthcare, education, IT and other sectors. Isla Moda depicts the commitment of the company towards non-conventional investments, with innovative, high-growth potential.
The CEO of DIH, Samira Abdulrazzak, said "Isla Moda will get to be known as the central fashion district of the entire region, and will be home to top fashion luminaries in the world. It will make a significant impact not only within the international real estate community, but, also within key fashion and leisure segments."
Isla Moda will combine luxury with style to attract the world's fashion elite. Ideally located on The World, it will be the ultimate in fashion experience, offering bespoke living, shopping, dining and entertainment to people, said Abdulrazzak.
Isla Moda will offer top-quality service to residents and guests for perfumery, clothing, personal style makeover, and design concierge, to create a kind living environment, with bespoke furnishings, technology and art.
Isla Moda will comprise a fashion hotel and variety of themed residential villas. The hotel will have about 250 rooms and serviced apartments, along with boutiques, design studios and dedicated areas for banquets and functions. Each area will be designed based on the needs of fashion connoisseurs and fashion industry in mind. Adjacent to the residential collection, there will be Beach, Royal and Water Villas. The villas offer a unique experience, with one-of-a-kind private beaches, pools and unique residential accessories.
There will also be exclusive international events featuring high-profile designers, product launches and fashion shows in the island.
The first stage of development will begin by fourth quarter of 2008.
The world's first 'Fashion Island' Isla Moda, was launched in Dubai yesterday, by Dubai Infinity Holdings (DIH).Being an iconic mixed-use development, the Isla Moda, will have themed residential villas, fashion resort, haute couture boutiques, luxury hospitality, all in a single development, with an aim to establish Dubai as a global fashion hub.
Renowned fashion designers from various continents will take up the designing of each element of the development.
The DIH, which was launched in December 2007, intends to increase the diversification of UAE economy through their strategic investment in lifestyle, entertainment, real estate, healthcare, education, IT and other sectors. Isla Moda depicts the commitment of the company towards non-conventional investments, with innovative, high-growth potential.
The CEO of DIH, Samira Abdulrazzak, said "Isla Moda will get to be known as the central fashion district of the entire region, and will be home to top fashion luminaries in the world. It will make a significant impact not only within the international real estate community, but, also within key fashion and leisure segments."
Isla Moda will combine luxury with style to attract the world's fashion elite. Ideally located on The World, it will be the ultimate in fashion experience, offering bespoke living, shopping, dining and entertainment to people, said Abdulrazzak.
Isla Moda will offer top-quality service to residents and guests for perfumery, clothing, personal style makeover, and design concierge, to create a kind living environment, with bespoke furnishings, technology and art.
Isla Moda will comprise a fashion hotel and variety of themed residential villas. The hotel will have about 250 rooms and serviced apartments, along with boutiques, design studios and dedicated areas for banquets and functions. Each area will be designed based on the needs of fashion connoisseurs and fashion industry in mind. Adjacent to the residential collection, there will be Beach, Royal and Water Villas. The villas offer a unique experience, with one-of-a-kind private beaches, pools and unique residential accessories.
There will also be exclusive international events featuring high-profile designers, product launches and fashion shows in the island.
The first stage of development will begin by fourth quarter of 2008.
Labels: Dubai City, Fashion-Island, New Developments, Real Estate Projects, Villa Projects
Bavaria launches Sandoval Apartments; signs loan agreement with Mashreq
Tuesday, December 25, 2007
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The German boutique developer, Bavaria Gulf, has announced the launch of first phase of 'Sandoval Apartments' at Jumeirah Village, which had earlier made its grand entry into Dubai realty sector through the launch of 'Sandoval Townhouses'.
The project will consist of 165 mid-range apartments with high-quality German precision, certified by TUeV, the most stringent and independent quality evaluators in the world. With seven G+4 buildings, Sandoval Apartments will include 57 studio apartments, 17 two bedroom apartments, 81 single bedroom units, and 10 special duplex apartments. These apartments, which range from 680 to 2700 Square feet, will be sold at a high value driven prick bracket.
The Managing Director of Bavaria, Raymond Lefevre, said "Our previous launch of Sandoval Townhouses, proved to be a real eye opener for us. Now, Sandoval Apartments follows suit, offering high-quality, yet, luxurious, functional and value-driven realty concepts."
Bavaria is also one of the first mid-segment realty developers in Dubai, to sign home loan agreement for all its future and existing projects with Mashreq, one of the largest private banks in the Middle East. The customers of Mashreq will benefit from customized home loan packages, apart from enjoying upto 90% on sales price for all existing and future Bavaria Gulf projects, with attractive interest rates for the next 25 years.
Mashreq will offer Bavaria customers with a variety of convenient financing options and attractive rates, apart from other benefits such as the lowest down payments, apart from providing them with the benefit of owning the property of their dreams.
The project will consist of 165 mid-range apartments with high-quality German precision, certified by TUeV, the most stringent and independent quality evaluators in the world. With seven G+4 buildings, Sandoval Apartments will include 57 studio apartments, 17 two bedroom apartments, 81 single bedroom units, and 10 special duplex apartments. These apartments, which range from 680 to 2700 Square feet, will be sold at a high value driven prick bracket.
The Managing Director of Bavaria, Raymond Lefevre, said "Our previous launch of Sandoval Townhouses, proved to be a real eye opener for us. Now, Sandoval Apartments follows suit, offering high-quality, yet, luxurious, functional and value-driven realty concepts."
Bavaria is also one of the first mid-segment realty developers in Dubai, to sign home loan agreement for all its future and existing projects with Mashreq, one of the largest private banks in the Middle East. The customers of Mashreq will benefit from customized home loan packages, apart from enjoying upto 90% on sales price for all existing and future Bavaria Gulf projects, with attractive interest rates for the next 25 years.
Mashreq will offer Bavaria customers with a variety of convenient financing options and attractive rates, apart from other benefits such as the lowest down payments, apart from providing them with the benefit of owning the property of their dreams.
Labels: Apartments, Mortgages, New Developments
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
ACI real estate launched Niki Lauda Twin Towers in Business Bay
Tuesday, December 04, 2007
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Leading providers of investment solutions in Germany, ACI (Alternative Capital Invest) Real Estate, has officially launched the Niki Lauda Twin Towers in Dubai. The launch was alongside the 36th anniversary of UAE's formation, where ACI participated in the National Day celebrations. The legendary Formula 1 World Champion racer, Niki Lauda, was also present during the launch ceremony.
The launch of Niki Lauda Twin Towers in Dubai, is the first among the series of celebrity-branded real estate developments to be launched by ACI Real Estate. Two other properties endorsed by Boris Becker and Michael Schumacher are expected to be launched in the next couple of weeks.
The ACI Real Estate Managing Director, Robin Lohmann, said that "We at ACI believe in doing things in a different manner, as being innovative adds significant value to our offerings. By adding a celebrity brand, which matches our standards of excellence, we make sure that apart from delivering just a great product to our customers, we also create an iconic landmark which is instantly recognizable."
Positioned in Business Bay, the Twin Towers with 29 and 26 storey each, and another four floors at basement parking, are due for completion by 2010. The towers, which houses only offices, are the only office development in Dubai that provides leisure amenities such as outdoor swimming pools, gymnasium and prayer rooms.
The launch of Niki Lauda Twin Towers in Dubai, is the first among the series of celebrity-branded real estate developments to be launched by ACI Real Estate. Two other properties endorsed by Boris Becker and Michael Schumacher are expected to be launched in the next couple of weeks.The ACI Real Estate Managing Director, Robin Lohmann, said that "We at ACI believe in doing things in a different manner, as being innovative adds significant value to our offerings. By adding a celebrity brand, which matches our standards of excellence, we make sure that apart from delivering just a great product to our customers, we also create an iconic landmark which is instantly recognizable."
Positioned in Business Bay, the Twin Towers with 29 and 26 storey each, and another four floors at basement parking, are due for completion by 2010. The towers, which houses only offices, are the only office development in Dubai that provides leisure amenities such as outdoor swimming pools, gymnasium and prayer rooms.
Labels: Business Bay, Business Tower, New Developments, Office Space
Indigo properties begins construction of Indigo Optima 1 and 2 at Dubai Industrial City
Saturday, November 24, 2007
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One of the fastest growing real estate development companies, Indigo Properties, has announced the construction of two developments, Indigo Optima 1 and 2, at the Dubai Industrial City.
Both the mid-rise developments will offer business space within the International City Phase 1.
The Director of Indigo Properties, Ramesh Sawlani, expressing his pleasure over the commencement of construction work, said that Indigo Optima will bring about a new dimension to the already diverse portfolio of the company. He pointed out that Indigo Properties has been providing exciting and relevant projects for Dubai.
Indigo Optima 1 and 2 will feature 'mix and match' commercial and retail space, designed to provide the exact flexibility that the Dubai businesses are currently looking for.
The project is expected to be complete by July 2009.
Both the mid-rise developments will offer business space within the International City Phase 1.The Director of Indigo Properties, Ramesh Sawlani, expressing his pleasure over the commencement of construction work, said that Indigo Optima will bring about a new dimension to the already diverse portfolio of the company. He pointed out that Indigo Properties has been providing exciting and relevant projects for Dubai.
Indigo Optima 1 and 2 will feature 'mix and match' commercial and retail space, designed to provide the exact flexibility that the Dubai businesses are currently looking for.
The project is expected to be complete by July 2009.
Labels: Business Tower, Commercial Property, Dubai Industrial City, New Developments
Al Madar launches Dh300m Siraj Tower
Monday, November 19, 2007
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A leading GCC property developer, Al Madar Property Investments, which is also a part of the Al Madar Group, has announced the launch of its Siraj Tower, worth Dh.300m, located at Arjan, Dubailand.
The thirty storey residential tower comprises a studio, single, double and triple bedroom apartments, and houses world-class amenities, presenting an ultra-luxurious residential offering to its investors.
The design of Siraj Tower draws inspiration from Roman and Spanish architecture. According to the Managing Director of Al Madar Group, Haider Abdula Reda Mashhadi, the Siraj Tower, with its attractive design, interiors and amenities, is the most sought-after residential projects in Dubailand.
The tower has a Homenet system that offers additional lifestyle and security facilities for easy living and better access and control.
The construction of the tower will begin during May 2008 and will be complete by mid-2010.
Al Madar, since its launch in Qatar during 1992, has grown to be a premier business house in Gulf, and has established its presence in various sectors including, engineering, real estate, contracting, trading and manufacturing.
The thirty storey residential tower comprises a studio, single, double and triple bedroom apartments, and houses world-class amenities, presenting an ultra-luxurious residential offering to its investors.The design of Siraj Tower draws inspiration from Roman and Spanish architecture. According to the Managing Director of Al Madar Group, Haider Abdula Reda Mashhadi, the Siraj Tower, with its attractive design, interiors and amenities, is the most sought-after residential projects in Dubailand.
The tower has a Homenet system that offers additional lifestyle and security facilities for easy living and better access and control.
The construction of the tower will begin during May 2008 and will be complete by mid-2010.
Al Madar, since its launch in Qatar during 1992, has grown to be a premier business house in Gulf, and has established its presence in various sectors including, engineering, real estate, contracting, trading and manufacturing.
Labels: Apartments, Dubailand, New Developments, Residential
Nagarjuna Construction forays into Dubai Realty market with Dh.1.5bn NCC Harmony
Sunday, November 18, 2007
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A leading Indian construction conglomerate, NCC Urban Infrastructure Limited, a subsidiary of NCCL (Nagarjuna Construction Company Limited), has launched a Dh.1.5bn freehold mixed-use development at DuBio-ech (Dubai Biotechnology and Research Park).
The twin tower project, NCC Harmony, covering 2.3million square feet of built-up area at the DuBiotech free-zone is the first project by the company in Dubai. The development is located in the heart of New Dubai, adjacent to Dubailand, Arabian Ranches and major shopping centers.
NCC Harmony comprises two 32 storey towers with one residential and one hotel apartment, comprising single and double bedrooms, and studios.
NCC Harmony is supported by NCCL, an ISO 9001-14001-18001 certified Group, rated as 'Best Under Billion' by Forbes Asia, in Asia Pacific during 2005. The Group has an annual turnover of Dh.3billion, and is the largest construction groups in India.
The construction works of NCC Harmony has been handed over to Dutch Foundation and Concrete Processing Co. LLC with the excavation, piling and shoring works already commenced.
The development is slated for completion by May 2010.
The twin tower project, NCC Harmony, covering 2.3million square feet of built-up area at the DuBiotech free-zone is the first project by the company in Dubai. The development is located in the heart of New Dubai, adjacent to Dubailand, Arabian Ranches and major shopping centers.NCC Harmony comprises two 32 storey towers with one residential and one hotel apartment, comprising single and double bedrooms, and studios.
NCC Harmony is supported by NCCL, an ISO 9001-14001-18001 certified Group, rated as 'Best Under Billion' by Forbes Asia, in Asia Pacific during 2005. The Group has an annual turnover of Dh.3billion, and is the largest construction groups in India.
The construction works of NCC Harmony has been handed over to Dutch Foundation and Concrete Processing Co. LLC with the excavation, piling and shoring works already commenced.
The development is slated for completion by May 2010.
Labels: Apartments, DuBiotech, New Developments, New Hotels, New-Dubai, Residential
DuBiotech HQ, world's largest green building, begins Phase I construction
Wednesday, November 07, 2007
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A member of Tecom Investments, DuBiotech (Dubai Biotechnology and Research Park) held the ground-breaking ceremony yesterday, to begin construction of its head-quarters - the Bio HQ, and the hi-tech laboratory buildings - the Nucleotide Complex. This is a part of Phase I of the entire project.
The headquarters, spreading across 600,000 square feet, has been designed by CUH2A, a leader in designing facilities for science and technology organizations. Recently, DuBiotech has been awarded the Design and Sustainability Honour Award from the American Institute of Architects (AIA), New Jersey for its technologically complex headquarters.
Expected to be one of the largest 'green' buildings in the world, the Bio HQ building was chosen mainly for its 'new regional vision' and 'refreshing and functional design' which included new initiatives to address environmental factors.
The DuBiotech Executive Director, Dr. Al Khayat, said "Our initiative to develop sustainable building indicates our commitment towards being a socially and environmentally responsible organization."
The project is slated for completed during 2009.
The headquarters, spreading across 600,000 square feet, has been designed by CUH2A, a leader in designing facilities for science and technology organizations. Recently, DuBiotech has been awarded the Design and Sustainability Honour Award from the American Institute of Architects (AIA), New Jersey for its technologically complex headquarters.
Expected to be one of the largest 'green' buildings in the world, the Bio HQ building was chosen mainly for its 'new regional vision' and 'refreshing and functional design' which included new initiatives to address environmental factors.
The DuBiotech Executive Director, Dr. Al Khayat, said "Our initiative to develop sustainable building indicates our commitment towards being a socially and environmentally responsible organization."
The project is slated for completed during 2009.
Labels: Construction Projects, DuBiotech, New Developments
Dubai properties unveils Dh.4billion Bay Square at Business Bay
Sunday, October 21, 2007
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The most recent development of Dubai Properties, the Bay Square, worth Dh.4billion, has been unveiled at Business Bay in Dubai.
The development that stretches over five million square feet in area is considered a new-age community project, targeting residents, retailers and businessmen who wish to lead a stress-free lifestyle within a corporate environment.
A boutique hotel with a 'downtown setting' and a residential tower, will be the center of attraction of the thirteen building development. Remaining eleven buildings will comprise mixed-use projects that feature commercial and retail space, terraced apartments and two storeys of rooftop apartments.
The Chief Executive Officer of Dubai Properties, Mohammad Bin Braik, said that Bay Square will be a prestigious business landmark for companies, offering business professionals and visitors an unmatched experience about modern Dubai. He revealed that about 60 percent of the project has been exclusively earmarked for commercial investors alone.
Dubai Properties has also placed before its investors, an opportunity for purchasing five to ten floors, covering nearly one million square feet of commercial space, which ranges from 1500 to 17000 square feet.
The Bay Square forms the core of Business Bay. The height of the building and the Bay Square towers will range from 10 to 14 floors featuring studios, single-bedroom and loft-style apartments that overlook the Square and the rest of Business Bay. Apart from being a pedestrian-only zone, the Bay Square will comprise retail outlets, a central plaza, restaurants, hosting cafes, and state-of-the-art gym.
Bay Square is scheduled for completion by 2009.
The development that stretches over five million square feet in area is considered a new-age community project, targeting residents, retailers and businessmen who wish to lead a stress-free lifestyle within a corporate environment.
A boutique hotel with a 'downtown setting' and a residential tower, will be the center of attraction of the thirteen building development. Remaining eleven buildings will comprise mixed-use projects that feature commercial and retail space, terraced apartments and two storeys of rooftop apartments.
The Chief Executive Officer of Dubai Properties, Mohammad Bin Braik, said that Bay Square will be a prestigious business landmark for companies, offering business professionals and visitors an unmatched experience about modern Dubai. He revealed that about 60 percent of the project has been exclusively earmarked for commercial investors alone.
Dubai Properties has also placed before its investors, an opportunity for purchasing five to ten floors, covering nearly one million square feet of commercial space, which ranges from 1500 to 17000 square feet.
The Bay Square forms the core of Business Bay. The height of the building and the Bay Square towers will range from 10 to 14 floors featuring studios, single-bedroom and loft-style apartments that overlook the Square and the rest of Business Bay. Apart from being a pedestrian-only zone, the Bay Square will comprise retail outlets, a central plaza, restaurants, hosting cafes, and state-of-the-art gym.
Bay Square is scheduled for completion by 2009.
Labels: Business Bay, Business Tower, New Developments, Office Space
Sorouh launches Al Ghadeer development at Dubai-Abu Dhabi border
Saturday, October 20, 2007
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The Abu Dhabi-based real estate developer, Sourouh Real Estate, has launched Al Ghadeer, a new development at Saih As Sidirah, located at Dubai-Abu Dhabi border.
Al Ghadeer is a self-sustaining mixed-use development, driving home the concept of 'easy living', and hosts a range of recreational, commercial, educational and social amenities. Stretching about three million square meters in area, Al Ghadeer comprises apartments, townhouses and villas that make an affordable luxury living, designed for convenience of residents working in Dubai.
The CEO of Sorouh Real Estate, Mounir D. Haidar, said "This is a prominent site with tremendous potential due to its easy accessibility to major highways that link most commercial centers in the UAE. The ideal location of the site at the Dubai-Abu Dhabi border helps in meeting the commercial and residential demand from a broad area, including new industrial developments. Considering the increased housing prices and cost of living in Dubai, Al Ghadeer is a welcome relief due to its reasonable pricing and extensive onsite facilities."
Apart from advanced technological features such as WiFi, covering the entire community, Al Ghadeer comprises three schools (2 local and 1 international), apart from four junior schools. Other recreational facilities such as hotels, retail outlets, outdoor sporting facilities, cinemas and cafes, all networked through the green spaces and shimmering water bodies including a feature lake, together make a perfect living for those yearning to lead an active lifestyle.
The development is open for registration at the Cityscape 2007.
Al Ghadeer is a self-sustaining mixed-use development, driving home the concept of 'easy living', and hosts a range of recreational, commercial, educational and social amenities. Stretching about three million square meters in area, Al Ghadeer comprises apartments, townhouses and villas that make an affordable luxury living, designed for convenience of residents working in Dubai.
The CEO of Sorouh Real Estate, Mounir D. Haidar, said "This is a prominent site with tremendous potential due to its easy accessibility to major highways that link most commercial centers in the UAE. The ideal location of the site at the Dubai-Abu Dhabi border helps in meeting the commercial and residential demand from a broad area, including new industrial developments. Considering the increased housing prices and cost of living in Dubai, Al Ghadeer is a welcome relief due to its reasonable pricing and extensive onsite facilities."
Apart from advanced technological features such as WiFi, covering the entire community, Al Ghadeer comprises three schools (2 local and 1 international), apart from four junior schools. Other recreational facilities such as hotels, retail outlets, outdoor sporting facilities, cinemas and cafes, all networked through the green spaces and shimmering water bodies including a feature lake, together make a perfect living for those yearning to lead an active lifestyle.
The development is open for registration at the Cityscape 2007.
Labels: Community, New Developments, Real Estate Projects, Sorouh
KM Properties to launch Dh.1.3bn Tamani Arts Offices in Business Bay
Friday, October 19, 2007
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The real-estate development branch of Dubai-based KM Holding, KM Properties, has unveiled a Dh.1.3billion tower at Dubai's Business Bay, the prime commercial district in the emirate.
The tower named 'Tamani Arts Offices', will include a twenty storey glass and steel building in the Artisan cluster of Business Bay.
The Chairman and CEO of KM Holding, Mohammad Haddad, is quoted as having said that the Tamani Arts Offices will be the most significant address for business in New Dubai.
The Artisan Cluster that covers a built-up area of two million square feet comprises numerous commercial, residential and hotel towers.
Another development of KM Properties is the Tamani Arts hotel, which is located adjacent to Tamani Arts Offices.
KM Holding is the owner of numerous properties in the UAE, and is planning to enter the Indian and Saudi Arabian markets, scheduling a six-year growth plan.
The tower named 'Tamani Arts Offices', will include a twenty storey glass and steel building in the Artisan cluster of Business Bay.
The Chairman and CEO of KM Holding, Mohammad Haddad, is quoted as having said that the Tamani Arts Offices will be the most significant address for business in New Dubai.
The Artisan Cluster that covers a built-up area of two million square feet comprises numerous commercial, residential and hotel towers.
Another development of KM Properties is the Tamani Arts hotel, which is located adjacent to Tamani Arts Offices.
KM Holding is the owner of numerous properties in the UAE, and is planning to enter the Indian and Saudi Arabian markets, scheduling a six-year growth plan.
Labels: Business Bay, Business Tower, New Developments, Office Space
Saraya to launch sales of its major projects at Cityscape Show
Wednesday, October 17, 2007
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The up-coming Cityscape event in Dubai, will see Saraya Islands launch the sale of its two new upcoming projects, 'Saraya Village' and 'Al Marsa Island'.
Saraya will also reveal the latest developments happening in the company at its stand at the expo, expected to take place from the 16th to 18th October in Dubai. The Saraya Islands will be developing four distinct islands- Al-Boum, Al-Sahab, Al-Marsa and Al-Wahat, and a mainland village, the Saraya Village.
Saraya Island project will occupy a 5.5kms long natural island forming a Lagoon, bordered by the islands and its corresponding mainland site which is nearly 16 hectares. The unique landscape offers impressive mountain view, and two different waterfront experiences.
The project stands on an area of nearly 1.4million square meters, out of which, 65 percent will be developed, and 35 percent will be dedicated to common landscaped areas, beaches and open air activities.
Saraya Islands will be located in Ras Al Khaimah, between the Arabian Gulf Waters and Hajjar mountain series. The island provides all forms of luxury to meet the needs and expectations of tourists and residents.
Saraya will offer modern accommodations that range from high-end villas, lagoon view townhouses, terraced apartments, palatial villas, exotic bungalows, world-class themed hotels, serviced residential units, luxury spas and retreats, private and semi-private gardens, high quality retail, entertainment outlets and restaurants, amusement water park, pedestrian roads and bridges, walking and bicycle trails, amphitheatre and a marina.
Saraya will also reveal the latest developments happening in the company at its stand at the expo, expected to take place from the 16th to 18th October in Dubai. The Saraya Islands will be developing four distinct islands- Al-Boum, Al-Sahab, Al-Marsa and Al-Wahat, and a mainland village, the Saraya Village.
Saraya Island project will occupy a 5.5kms long natural island forming a Lagoon, bordered by the islands and its corresponding mainland site which is nearly 16 hectares. The unique landscape offers impressive mountain view, and two different waterfront experiences.
The project stands on an area of nearly 1.4million square meters, out of which, 65 percent will be developed, and 35 percent will be dedicated to common landscaped areas, beaches and open air activities.
Saraya Islands will be located in Ras Al Khaimah, between the Arabian Gulf Waters and Hajjar mountain series. The island provides all forms of luxury to meet the needs and expectations of tourists and residents.
Saraya will offer modern accommodations that range from high-end villas, lagoon view townhouses, terraced apartments, palatial villas, exotic bungalows, world-class themed hotels, serviced residential units, luxury spas and retreats, private and semi-private gardens, high quality retail, entertainment outlets and restaurants, amusement water park, pedestrian roads and bridges, walking and bicycle trails, amphitheatre and a marina.
Labels: Cityscape, New Developments, Ras Al Khaima, Real Estate Projects, Saraya-Islands
Al Fara'a to launch apartment complex 'The Manhattan' at Jumeirah Village
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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
Dubai Properties to unveil two new projects at Cityscape Dubai 2007
Sunday, October 14, 2007
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Leading real estate developer, Dubai Properties, has announced their plans to unveil two new real estate projects in Dubailand and Business Bay, costing Dh.40 billion, during the Cityscape Dubai 2007, the largest mega-event pertaining to business and property in the region.
Dubai Properties will showcase its signature developments, including the Executive Towers, Business Bay Vision Tower, The Villa and the freehold residential community in Mediterranean Style, and the Al Waha Villas in Dubailand.
The CEO of Dubai Properties, Mohamed Binbrek, said "Cityscape is a valuable platform for the real estate sector. The participation will help us network with international investors and serious buyers. The event will also be an ideal opportunity for visitors to gain information on the recent sales offerings in our flagship products."
This is the sixth year of the Cityscape show, and this year, about 45,000 or more international and regional investors, governmental and development authorities, real estate developers, consultants, designers, leading architects and senior industry professionals are expected from more than 120 countries.
The Dubai Properties is participating in the show for the fourth consecutive year, this year. The Cityscape Dubai 2007 has been scheduled from 16th October to 18th October 2007 at the Dubai International Convention and Exhibition Center.
Dubai Properties will showcase its signature developments, including the Executive Towers, Business Bay Vision Tower, The Villa and the freehold residential community in Mediterranean Style, and the Al Waha Villas in Dubailand.The CEO of Dubai Properties, Mohamed Binbrek, said "Cityscape is a valuable platform for the real estate sector. The participation will help us network with international investors and serious buyers. The event will also be an ideal opportunity for visitors to gain information on the recent sales offerings in our flagship products."
This is the sixth year of the Cityscape show, and this year, about 45,000 or more international and regional investors, governmental and development authorities, real estate developers, consultants, designers, leading architects and senior industry professionals are expected from more than 120 countries.
The Dubai Properties is participating in the show for the fourth consecutive year, this year. The Cityscape Dubai 2007 has been scheduled from 16th October to 18th October 2007 at the Dubai International Convention and Exhibition Center.
Labels: Cityscape, New Developments, Property-show, Real Estate Company, Real Estate Projects
ETA Star to unveil its first master development project La Italia at the Cityscape 2007
Friday, October 12, 2007
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ETA Star, the major property developer in UAE, is expected to display its first master development project, La Italia, worth Dh.2.5billion, at the Cityscape 2007 show. The Cityscape show will be held between the 16th and 18th of October, at the Dubai International Exhibition Center.
La Italia is an authentic Italian themed residential community expected to be launched at the FalconCity of Wonders, Dubailand. According to sources, La Italia will comprise of low-rise, traffic-free residences in the Rome, London and Venice clusters.
Apart from La Italia master development, ETA Star will showcase its other recent projects, such as Center Court located at Jumeirah Village South, and a mixed-use development projects currently in its initial stages in Oman and Muscat. Center Court is a mixed-use project with retail and residential units that form a private community, which will render an unmatched quality of life with a serene atmosphere for family living.
On the whole, projects worth Dh.5 billion will be displayed at the ETA Cityscape stall.
The Executive Director of ETA Star, Abid Junaid, said "We aim to showcase the flagship project of ETA at this prestigious event. We believe that there would be not better platform to showcase our first ever master development project, than Cityscape, The event has been an excellent marketing platform for developers like us, as it allows us to interact with international and regional investors and developers."
Cityscape is an ideal platform for local property developers to showcase their projects, acting as window to potential investors from around the world, to catch a glimpse of the booming property market. The mega-event offers a view of future landscape in Dubai.
Currently, ETA Star is developing several millions of Square Feet of property across several countries in Middle East, UAE, India, Qatar, Turkey and South-East Asia.
La Italia is an authentic Italian themed residential community expected to be launched at the FalconCity of Wonders, Dubailand. According to sources, La Italia will comprise of low-rise, traffic-free residences in the Rome, London and Venice clusters.
Apart from La Italia master development, ETA Star will showcase its other recent projects, such as Center Court located at Jumeirah Village South, and a mixed-use development projects currently in its initial stages in Oman and Muscat. Center Court is a mixed-use project with retail and residential units that form a private community, which will render an unmatched quality of life with a serene atmosphere for family living.
On the whole, projects worth Dh.5 billion will be displayed at the ETA Cityscape stall.
The Executive Director of ETA Star, Abid Junaid, said "We aim to showcase the flagship project of ETA at this prestigious event. We believe that there would be not better platform to showcase our first ever master development project, than Cityscape, The event has been an excellent marketing platform for developers like us, as it allows us to interact with international and regional investors and developers."
Cityscape is an ideal platform for local property developers to showcase their projects, acting as window to potential investors from around the world, to catch a glimpse of the booming property market. The mega-event offers a view of future landscape in Dubai.
Currently, ETA Star is developing several millions of Square Feet of property across several countries in Middle East, UAE, India, Qatar, Turkey and South-East Asia.
Labels: Cityscape, ETA-Star, New Developments, Property-show, Real Estate Projects
German Business Park at Dubai Silicon Oasis
Monday, October 08, 2007
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The German Business Park FZCO has entered into a contract with Fischer Architects of Mannheim, Germany, to prepare the conceptual designs and preliminary engineering for its Dh.750million mixed-use real estate development at Dubai Silicon Oasis Head Quarters.
The German Business Park FZCO is a joint-venture between Bin Jabr Group of Abu Dhabi and Dubai Silicon Oasis Authority. The Dubai Silicon Oasis, where the project is likely to come up, is the premier integrated innovations hub in the region for high-tech industries.
The German Business Park, worth Dh.750million, covering an area of 82,000 square meters, comprises a large three-level podium, bordered by two slender towers with twelve floors each, up to a height of 60 meters.
The Park will offer German companies with a business class hotel, commercial space for sale, serviced apartments, luxury retail and restaurant area, and underground parking space for about 1700 cars.
A part of the real estate development will also house the German Center Dubai, an exclusive business environment with networks, offices and other services initially established by Landesbank Baden-Wurttemberg (LBBW). The German Center aims to provide office space and comprehensive support to medium and small-sized German companies looking to establish their operations with Dubai as the base.
The General Manager and Managing Director of the German Business Park, Dagmar Abdelatif, said "We foresee German Business Park and German Center Dubai to form an effective platform for considerable business transactions for both German companies and the companies seeking to operate in the UAE. The development will also offer a lively and attractive environment for Dubai to enjoy the German hospitality and culture all under a single roof."
Dagmar revealed that the company plans to launch the project on 8th to 10th October 2007, at Expo Real in Munich, Germany. A special venue has been allotted to interact with German companies and the team of consultants of the group, so as to incorporate any suggestions into the final design of the German Business Park, to make it truly unique.
The Park has been scheduled for completion by late 2009.
The German Business Park FZCO is a joint-venture between Bin Jabr Group of Abu Dhabi and Dubai Silicon Oasis Authority. The Dubai Silicon Oasis, where the project is likely to come up, is the premier integrated innovations hub in the region for high-tech industries.The German Business Park, worth Dh.750million, covering an area of 82,000 square meters, comprises a large three-level podium, bordered by two slender towers with twelve floors each, up to a height of 60 meters.
The Park will offer German companies with a business class hotel, commercial space for sale, serviced apartments, luxury retail and restaurant area, and underground parking space for about 1700 cars.
A part of the real estate development will also house the German Center Dubai, an exclusive business environment with networks, offices and other services initially established by Landesbank Baden-Wurttemberg (LBBW). The German Center aims to provide office space and comprehensive support to medium and small-sized German companies looking to establish their operations with Dubai as the base.
The General Manager and Managing Director of the German Business Park, Dagmar Abdelatif, said "We foresee German Business Park and German Center Dubai to form an effective platform for considerable business transactions for both German companies and the companies seeking to operate in the UAE. The development will also offer a lively and attractive environment for Dubai to enjoy the German hospitality and culture all under a single roof."
Dagmar revealed that the company plans to launch the project on 8th to 10th October 2007, at Expo Real in Munich, Germany. A special venue has been allotted to interact with German companies and the team of consultants of the group, so as to incorporate any suggestions into the final design of the German Business Park, to make it truly unique.
The Park has been scheduled for completion by late 2009.
Labels: Commercial Property, Dubai Silicon Oasis, New Developments, Office Space
Union Properties launches UPTOWN Motor City Phase II
Saturday, October 06, 2007
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Union Properties PJSC (UP), the leading real estate development company, has launched Phase II of the UPTOWN Motor City development to the public, following remarkable success of Phase I. The UPTOWN MotorCity Real Estate Project, which is located on Emirates Road, includes Dubai Autodrome, F1 Theme Park, Green Community Motor City and Business Park Motor City.
UPTOWN Motorcity is a freehold master development with amenities such as swimming pools, schools, play areas, park areas, sports facilities and retail outlets. The UPTOWN MotorCity Phase II comprises studios, single, double and triple bedroom apartments.
The General Manager of UP, Lesley Sayle, expressing his pleasure over the sales results, said that ever since it's launch, the development has sparked interest of various home owners, and recreation of brands has always brought success and increased demand for the properties has given UP an edge for having a complete project like UPTOWN Midriff as the benchmark.
Finance options are also available for the development subject to affiliate bank terms and conditions.
UPTOWN Motorcity is a freehold master development with amenities such as swimming pools, schools, play areas, park areas, sports facilities and retail outlets. The UPTOWN MotorCity Phase II comprises studios, single, double and triple bedroom apartments.
The General Manager of UP, Lesley Sayle, expressing his pleasure over the sales results, said that ever since it's launch, the development has sparked interest of various home owners, and recreation of brands has always brought success and increased demand for the properties has given UP an edge for having a complete project like UPTOWN Midriff as the benchmark.
Finance options are also available for the development subject to affiliate bank terms and conditions.
Labels: Apartments, Freehold Property, New Developments, Union-Properties
Indigo Properties launches 'Indigo Central' in Dubai
Thursday, October 04, 2007
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Indigo Properties, the leading real estate development companies in the UAE, has contributed a valuable addition to the growing realty developments in UAE, through the launch of 'Indigo Central' in Dubai. The development, which ranges from 39,000 to 52,000 square feet in size, comprises eight eye-catching buildings, featuring commercial offices and retail showrooms.
Located at Al Manara and Al Safa, positioned either side of Interchange 3 in Sheikh Zayed Road, Indigo Central has the proposed Dubai Metro Station as its nearest landmark.
The Director of Indigo Properties, Anand Lakhiani, expressed his confidence that these distinctive low-rise developments will soon turn out to be the landmarks on the road, and with their easy access, location, quality and size, they will surely be known as one of the leading developments in Dubai.
The eight striking buildings will be constructed in two phases combining blue-hued glass and steel. The real estate development is perfect for corporate headquarters, multinational companies, banks, wholesale or retail Car Showrooms.
Indigo Central development is expected to be complete by December 2008.
Located at Al Manara and Al Safa, positioned either side of Interchange 3 in Sheikh Zayed Road, Indigo Central has the proposed Dubai Metro Station as its nearest landmark.The Director of Indigo Properties, Anand Lakhiani, expressed his confidence that these distinctive low-rise developments will soon turn out to be the landmarks on the road, and with their easy access, location, quality and size, they will surely be known as one of the leading developments in Dubai.
The eight striking buildings will be constructed in two phases combining blue-hued glass and steel. The real estate development is perfect for corporate headquarters, multinational companies, banks, wholesale or retail Car Showrooms.
Indigo Central development is expected to be complete by December 2008.
Labels: Commercial Property, New Developments, Office Space, Real Estate Company
DWC signs pact with Dubai Land Department
Friday, September 28, 2007
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Dubai World Central (DWC) recently entered into an MOU with Dubai Land Department (DLD) for providing land estimation, acquisition and sales, and legal and electronic services to DWC staff, developers and investors in the 140 sq km city in Jebel Ali.
The main investors across the DWC free zones are centered around, the Dubai World Central International Airport (JXB) -The DWC Aviation City and the Dubai Logistics City, and real estate units such as the DWC Residential City, DWC Golf City and DWC Commercial City, will collect information from the DLD.
The Dubai World Central, CEO-Real Estate, Khalid bin Harib said "The DWC project has received good support from the Dubai Government since its launch, which in turn has helped in continuing the development as per the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, the Vice-President and Prime Minister of UAE and Ruler of Dubai."
The agreement will enable the DWC and Land Department to together formulate a proper training programme, which enables the DWC real estate staff to understand the processes, systems and mechanisms of Land Sales and Management.
The electronic link between the two, will permit instant access and completion of procedures relating to land registration, and will facilitate legal proceedings pertaining to contractors and advisors.
At present, grading of the phase one in DWC Residential City is in progress, and the construction is expected to begin by January 2008.
"The Land Department has the right information, which we can share with this huge city, which is expected to be a landmark for the entire region," said Sultain bin Mujrin, the General Manager of Dubai Land Department.
DWC features mid-income housing at the DWC Residential City, while the Commercial City will have mixed-use development. The DWC Golf City, is designed for premium living and all DWC residents will have an access to the best amenities developing by DWC.
The main investors across the DWC free zones are centered around, the Dubai World Central International Airport (JXB) -The DWC Aviation City and the Dubai Logistics City, and real estate units such as the DWC Residential City, DWC Golf City and DWC Commercial City, will collect information from the DLD.The Dubai World Central, CEO-Real Estate, Khalid bin Harib said "The DWC project has received good support from the Dubai Government since its launch, which in turn has helped in continuing the development as per the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, the Vice-President and Prime Minister of UAE and Ruler of Dubai."
The agreement will enable the DWC and Land Department to together formulate a proper training programme, which enables the DWC real estate staff to understand the processes, systems and mechanisms of Land Sales and Management.
The electronic link between the two, will permit instant access and completion of procedures relating to land registration, and will facilitate legal proceedings pertaining to contractors and advisors.
At present, grading of the phase one in DWC Residential City is in progress, and the construction is expected to begin by January 2008.
"The Land Department has the right information, which we can share with this huge city, which is expected to be a landmark for the entire region," said Sultain bin Mujrin, the General Manager of Dubai Land Department.
DWC features mid-income housing at the DWC Residential City, while the Commercial City will have mixed-use development. The DWC Golf City, is designed for premium living and all DWC residents will have an access to the best amenities developing by DWC.
Labels: Dubai City, Freezones, Jebel-Ali, New Developments, Real Estate News, Real Estate Projects
Sunstar Towers launched by Cinnovation, HDS Groups
Monday, September 24, 2007
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Cinnovation Group and the HDS Group have together launched the HDS Sunstar Towers in the Dubai International City.
The Director of Cinnovation Group, Varun Chaudhary, and the Managing Director of HDS Group, Ali Dar, together has recently performed the ground-breaking ceremony for construction of its first tower on plot number 22 in the Central Business District.
The project is unique, in the sense, that it offers buyers the opportunity to see the projects that they plan to purchase. The sale of units will begin during mid 2008, when the project is almost complete. Even options for finance will be announced by that time.
The HDS Sunstar I and HDS Sunstar II are all ready to be completed towards end of 2008.
The two G+10-storey residential towers, worth more than Dh.200 million, comprises single, and double bedroom units offering spacious living space. Both HDS and Cinnovation have over the years, established themselves as major players in the dubai property sector.
The Director of Cinnovation Group, Varun Chaudhary, and the Managing Director of HDS Group, Ali Dar, together has recently performed the ground-breaking ceremony for construction of its first tower on plot number 22 in the Central Business District.
The project is unique, in the sense, that it offers buyers the opportunity to see the projects that they plan to purchase. The sale of units will begin during mid 2008, when the project is almost complete. Even options for finance will be announced by that time.The HDS Sunstar I and HDS Sunstar II are all ready to be completed towards end of 2008.
Chaudhary says "You would never buy a car without seeing what it looks like. Hence while investing in a property, being able to see what you are paying for, makes all the difference. HDS Sunstar Towers is a project that sells purely on a concept and we will show potential buyers the properties they will be investing in."The location and positioning of the Sunstar Towers will decide the exclusivity and prestige of a world-class development, said Dar.
The two G+10-storey residential towers, worth more than Dh.200 million, comprises single, and double bedroom units offering spacious living space. Both HDS and Cinnovation have over the years, established themselves as major players in the dubai property sector.
Labels: International City, Investment Property, New Developments, Residential, Sales
Emaar Malls Group to unveil Souk Al Bahar soon
Sunday, September 23, 2007
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The leading real estate developer in Dubai, Emaar Properties, has announced that their shopping mall subsidiary, Emaar Malls Group LLC, will soon unveil the Souk Al Bahar, the new shopping, dining and entertainment destination in the Downtown Burj Dubai.
Scheduled to be unveiled in December this year, the uniquely positioned in The Old Town Island, facing the Burj Dubai Lake, the Souk Al Bahar, will turn out to be a lively waterside hotspot for visitors and residents of Dubai, comprising more that 130 stores, a waterfront promenade, and the best of 25 cafes and restaurants.
The Chief Executive Office of Emaar Malls Group, Rashid Doleh, said "Souk Al Bahar will surely be a vibrant entertainment and shopping concept for the city, and a perfect style component that meets the requirement of all sections of the society. Located in the heart of Dubai City, the Souk Al Bahar provides one with the joy of living in the most dynamic cities in the world."
Souk Al Bahar is the most ideal complement that matches the most ambitious developments in the world such as the Burj Dubai and the Dubai Mall. A direct footbridge, which connects the Dubai Mall with the Souk Al Bahar, will see visitors having a convenient access to the best dining, shopping and recreational avenues in Dubai.
Covering an area of 164,700 square feet, the Souk Al Bahar has an electric retail mix which depicts the Arabian heritage through a genuine mix of perfumes, furnishings, jewelry, fashion and carpet deals.
Scheduled to be unveiled in December this year, the uniquely positioned in The Old Town Island, facing the Burj Dubai Lake, the Souk Al Bahar, will turn out to be a lively waterside hotspot for visitors and residents of Dubai, comprising more that 130 stores, a waterfront promenade, and the best of 25 cafes and restaurants.
The Chief Executive Office of Emaar Malls Group, Rashid Doleh, said "Souk Al Bahar will surely be a vibrant entertainment and shopping concept for the city, and a perfect style component that meets the requirement of all sections of the society. Located in the heart of Dubai City, the Souk Al Bahar provides one with the joy of living in the most dynamic cities in the world."Souk Al Bahar is the most ideal complement that matches the most ambitious developments in the world such as the Burj Dubai and the Dubai Mall. A direct footbridge, which connects the Dubai Mall with the Souk Al Bahar, will see visitors having a convenient access to the best dining, shopping and recreational avenues in Dubai.
Covering an area of 164,700 square feet, the Souk Al Bahar has an electric retail mix which depicts the Arabian heritage through a genuine mix of perfumes, furnishings, jewelry, fashion and carpet deals.
Labels: Commercial Property, Emmar, New Developments, Shopping Mall
