Abu Dhabi's economic strength is Dubai's commercial gain
Friday, September 18, 2009
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The dropping rental prices in Dubai offers much respite for expatriates, seeking to escape from the high prices in Abu Dhabi, and helps in luring back residents who had fled to the northern emirates in search of cheaper accommodation last year, reveal experts.
The economic strength of Abu Dhabi has come to Dubai's aid, not only at the federal level, but at residential level, too. Abu Dhabi's infrastructural development, high prices, coupled with shortage of supply, have all led to more people moving in to New Dubai, much to the commercial benefit of Dubai, says Mohammed Nimer, CEO, MAG Group Property Development.
Initially, the growing rental prices in Dubai had forced expats to move out to places like Ajman, Sharjah, and Ras Al Khaimah, but now, with the sharp fall in prices, they are tempted to come back, Nimer said.
Single bedroom apartments in the Jumeirah Lake Towers or Dubai Marina, are now renting out for Dh.60,000 to Dh.70,000, which is a distinct Dh.30,000 less than last year. Therefore, it is not surprising that these localities have become more appealing to mid-income budget groups.
Meanwhile, the Leasing sales still continue to tick in Dubai. The Director-Commercial Division at Better Homes, David Macadam, revealed that the company has seen 400 leases in Dubai in May, compared to 200 to 300 per month in 2008. One-third of these are new entries from Europe, UK and the US, who were mostly mid-level managers, while another one-third were from outside emirates and a third were residents who were shifting internally with drop in prices.
Most important, the real estate sector in Dubai is showing strong signs about residential sales gaining momentum, and is drawing more genuine buyers, rather than speculators of previous years.
However, in the opinion of Nimer, the general picture will be lot clear after Ramadan. At present, Dubai and Abu Dhabi has gained momentum, although there are few projects that stuttered in recent months, although the ripple effect will be felt mostly in the outlying Emirates.
Even in the northern emirates, it is clear that several projects are being radically modified owing to investor worries surrounding power supplies. The projects are met with uncertainty, and these cannot fall back on leases with real confidence, while there are negotiable rents in several areas of Dubai, Nimer concluded.
Established in 1978, the MAG Group has grown into a multinational organization with 18 offices in eight countries including Middle East, Asia and Europe.
The economic strength of Abu Dhabi has come to Dubai's aid, not only at the federal level, but at residential level, too. Abu Dhabi's infrastructural development, high prices, coupled with shortage of supply, have all led to more people moving in to New Dubai, much to the commercial benefit of Dubai, says Mohammed Nimer, CEO, MAG Group Property Development.
Initially, the growing rental prices in Dubai had forced expats to move out to places like Ajman, Sharjah, and Ras Al Khaimah, but now, with the sharp fall in prices, they are tempted to come back, Nimer said.
Single bedroom apartments in the Jumeirah Lake Towers or Dubai Marina, are now renting out for Dh.60,000 to Dh.70,000, which is a distinct Dh.30,000 less than last year. Therefore, it is not surprising that these localities have become more appealing to mid-income budget groups.
Meanwhile, the Leasing sales still continue to tick in Dubai. The Director-Commercial Division at Better Homes, David Macadam, revealed that the company has seen 400 leases in Dubai in May, compared to 200 to 300 per month in 2008. One-third of these are new entries from Europe, UK and the US, who were mostly mid-level managers, while another one-third were from outside emirates and a third were residents who were shifting internally with drop in prices.
Most important, the real estate sector in Dubai is showing strong signs about residential sales gaining momentum, and is drawing more genuine buyers, rather than speculators of previous years.
However, in the opinion of Nimer, the general picture will be lot clear after Ramadan. At present, Dubai and Abu Dhabi has gained momentum, although there are few projects that stuttered in recent months, although the ripple effect will be felt mostly in the outlying Emirates.
Even in the northern emirates, it is clear that several projects are being radically modified owing to investor worries surrounding power supplies. The projects are met with uncertainty, and these cannot fall back on leases with real confidence, while there are negotiable rents in several areas of Dubai, Nimer concluded.
Established in 1978, the MAG Group has grown into a multinational organization with 18 offices in eight countries including Middle East, Asia and Europe.
Labels: Dubai Real Estate, New-Dubai
New Dubai area, much in demand
Sunday, July 19, 2009
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According to the leading property services company, Asteco, residential units in the New Dubai area have witnessed an increase in demand during the second half of this year.
The sale prices of villa and apartments across Dubai have decreased by 13 percent and 15 percent respectively, which signifies negative growth, in comparison to quarter-on-quarter decline from Q4 2008 to Q1 2009.
However, the report pointed out that the Palm Jumeirah and Dubai Marina, which constitutes the New Dubai area, has reported a good increase in sale prices during the second half of this year.
There was a 20 percent increase in villa prices, while the apartment prices increased 7 percent. With more properties being delivered, the owners are hesitant to sell at lesser cost, and therefore are leasing out their units. Therefore, apartment and villa rental rates on The Palm dropped by 12 percent and 25 percent respectively, reports Asteco.
Vincent Easton, the Sales Director at Engel and Volkers, an estate agency in Dubai, said that during the last couple of months, distressed sellers have been completely removed from the market, while the rest of the owners are hesitant to drop below a certain price level.
People are even willing to commute to Abu Dhabi from the Jumeirah Lake Towers and Discovery Gardens, he pointed out.
The Asteco Managing Director, Andrew Chambers, said that the demand has been mostly for the single and double bedroom apartments, and for triple and four bedroom houses in the New Dubai area.
The sale prices of villa and apartments across Dubai have decreased by 13 percent and 15 percent respectively, which signifies negative growth, in comparison to quarter-on-quarter decline from Q4 2008 to Q1 2009.
However, the report pointed out that the Palm Jumeirah and Dubai Marina, which constitutes the New Dubai area, has reported a good increase in sale prices during the second half of this year.
There was a 20 percent increase in villa prices, while the apartment prices increased 7 percent. With more properties being delivered, the owners are hesitant to sell at lesser cost, and therefore are leasing out their units. Therefore, apartment and villa rental rates on The Palm dropped by 12 percent and 25 percent respectively, reports Asteco.
Vincent Easton, the Sales Director at Engel and Volkers, an estate agency in Dubai, said that during the last couple of months, distressed sellers have been completely removed from the market, while the rest of the owners are hesitant to drop below a certain price level.
People are even willing to commute to Abu Dhabi from the Jumeirah Lake Towers and Discovery Gardens, he pointed out.
The Asteco Managing Director, Andrew Chambers, said that the demand has been mostly for the single and double bedroom apartments, and for triple and four bedroom houses in the New Dubai area.
Labels: New-Dubai
JBR's Murjan cluster, the heart of emerging New Dubai
Sunday, November 30, 2008
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The Jumeirah Beach Residence (JBR) by Dubai Properties is said to be the centre to New Dubai. Consequently, the Murjan cluster is the heart of the emerging New Dubai.
JBR comprises 36 residential towers, divided into six clusters -Murjan, Amwaj, Rimal, Bahar, Sadaf and Shams, that offers studios, single, double, triple and four bedroom apartments to penthouses to terraced apartments, duplex apartments, loft apartments with garden.
Located along the edge of Dubai and Jebel Ali, Murjan is away from the pounding traffic of Deira, Sharjah and Bur Dubai. It takes less than an hour to reach Abu Dhabi from Murjan.
Murjan, a part of JBR, is a freehold property, built last year. The towers are of top quality comprising sleek studios, double bedroom, four bedroom and penthouses.
Murjan also offers 'The Walk', a village comprising jewelry stones, beach clubs, bespoke tailors, high-end restaurants and night clubs. This is apart from access to several gyms and private beach and luxury living for the layman. Apart from the said, for the shopping lovers, the Mall of Emirates and the Ibn Battutta Mall are located adjacent to Murjan locality.
The six clusters of JBR offers other amenities such as the Saville Row and Saks Fifth Avenue and low-cost food outlets located on the plaza level of Murjan. Two of the gymnasiums are already open, and three more are likely to be opened by the first quarter of next year. There is also personalized taxi service, secure parking and crèche on the offer.
JBR comprises 36 residential towers, divided into six clusters -Murjan, Amwaj, Rimal, Bahar, Sadaf and Shams, that offers studios, single, double, triple and four bedroom apartments to penthouses to terraced apartments, duplex apartments, loft apartments with garden.
Located along the edge of Dubai and Jebel Ali, Murjan is away from the pounding traffic of Deira, Sharjah and Bur Dubai. It takes less than an hour to reach Abu Dhabi from Murjan.
Murjan, a part of JBR, is a freehold property, built last year. The towers are of top quality comprising sleek studios, double bedroom, four bedroom and penthouses.
Murjan also offers 'The Walk', a village comprising jewelry stones, beach clubs, bespoke tailors, high-end restaurants and night clubs. This is apart from access to several gyms and private beach and luxury living for the layman. Apart from the said, for the shopping lovers, the Mall of Emirates and the Ibn Battutta Mall are located adjacent to Murjan locality.
The six clusters of JBR offers other amenities such as the Saville Row and Saks Fifth Avenue and low-cost food outlets located on the plaza level of Murjan. Two of the gymnasiums are already open, and three more are likely to be opened by the first quarter of next year. There is also personalized taxi service, secure parking and crèche on the offer.
Labels: New-Dubai
Tiger's Jumeirah Lakes Tower project delivered
Monday, November 10, 2008
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Tiger Properties has announced the delivery of its 40 storey Jumeirah Lakes Tower project in New Dubai.
Located right in front of Dubai Metro Station, and located within just a walking distance from Almas Tower, which houses the region's only Dubai Diamond Exchange.
The newly formed facilities management branch of the company intends to serve 500,000 square feet of development. The facilities management forms a part of the expansion plans by the group. It is expected to serve the mounting requirements of the entire group including the tenants, investors, and Tiger's clients for providing high quality management and maintenance services to units delivered.
The Jumeirah Lake Tower project by Tiger aims to accommodate the most stringent requirements of its location and its residents.
The completion of this high-calibre project is proof of Tiger's commitment towards timely delivery, and it is just one of the several towers to be completed within the year, said Taha Mohammed, the CEO of Tiger Properties.
Located right in front of Dubai Metro Station, and located within just a walking distance from Almas Tower, which houses the region's only Dubai Diamond Exchange.
The newly formed facilities management branch of the company intends to serve 500,000 square feet of development. The facilities management forms a part of the expansion plans by the group. It is expected to serve the mounting requirements of the entire group including the tenants, investors, and Tiger's clients for providing high quality management and maintenance services to units delivered.
The Jumeirah Lake Tower project by Tiger aims to accommodate the most stringent requirements of its location and its residents.
The completion of this high-calibre project is proof of Tiger's commitment towards timely delivery, and it is just one of the several towers to be completed within the year, said Taha Mohammed, the CEO of Tiger Properties.
Labels: Jumeirah-Lake-Towers, New-Dubai
Emaar's "M" Burj Dubai residential project unveiled
Thursday, May 01, 2008
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"M" Burj Dubai is another latest inclusion in the list of trendy homes launched by Emaar Properties in Downtown Burj Dubai.
"M" Burj Dubai is a monumental residential project with two towers of 50 and 22 storey each. With its exceptional design by renowned award-winning architects, "M" Burj Dubai redefines the home experience with rich amenities, suited for the trendy lifestyle of home-owners.
The sale of studios, single and double bedroom apartments of "M" Burj Dubai will be opened from May 3rd at the Downtown Burj Dubai Sales Center and Abu Dhabi Sales Center on a first-come first-serve basis.
Many financial institutions have come forward with easy home finance solutions for the homes.
The close proximity of M Burj Dubai to Burj Dubai, the world's tallest building and The Dubai Mall, the largest shopping and entertainment destinations in the world, will render a stand-out value to "M" Burj Dubai.
The most unique aspect of "M" Burj Dubai, is the grand entrance lobby with ceilings that are 13mts in height, supported by elegantly carved columns. The ambience created by space and light runs though apartments, which render panoramic views of Downtown Burj Dubai. Every house features modern finishes, luxury fittings and advanced telecom and entertainment connectivity.
Residents of "M" Burj Dubai can get to enjoy the shopping opportunities at the neighboring Dubai Mall, due to open shortly, and also the retailing options at 'Souk Al Bahar', an Arabesque architecture inspired shopping mall. Other attractions include hotels such as The Palace, Qamardeen, Al Manzil and The Old Town, apart from easy connectivity to the business nerve-centers of Dubai.
The Sales Director at Emaar, Saif Al Mansoori, says "Downtown Burj Dubai is the most sought after home destination in Dubai, with its central location and a rich spread of lifestyle amenities. It is an excellent sterling addition to the residential components of the project, with its elegant architecture, range of amenities, including the shopping plaza within the towers, rooftop garden and extensive health and leisure choices."
"M" Burj Dubai is believed to define the evolution of residential property sector in Dubai, where demand is driven by three main factors, such as location, design and amenities.
Potential customers can visit Downtown Burj Dubai Sales Center and Abu Dhabi Sales Center on 3rd May from 9am to 6pm.
Downtown Burj Dubai is Emaar's mega flagship project, and the new center of the city, which constantly gains overwhelming customer response for its various commercial and residential project launches.
"M" Burj Dubai is another latest inclusion in the list of trendy homes launched by Emaar Properties in Downtown Burj Dubai."M" Burj Dubai is a monumental residential project with two towers of 50 and 22 storey each. With its exceptional design by renowned award-winning architects, "M" Burj Dubai redefines the home experience with rich amenities, suited for the trendy lifestyle of home-owners.
The sale of studios, single and double bedroom apartments of "M" Burj Dubai will be opened from May 3rd at the Downtown Burj Dubai Sales Center and Abu Dhabi Sales Center on a first-come first-serve basis.
Many financial institutions have come forward with easy home finance solutions for the homes.
The close proximity of M Burj Dubai to Burj Dubai, the world's tallest building and The Dubai Mall, the largest shopping and entertainment destinations in the world, will render a stand-out value to "M" Burj Dubai.
The most unique aspect of "M" Burj Dubai, is the grand entrance lobby with ceilings that are 13mts in height, supported by elegantly carved columns. The ambience created by space and light runs though apartments, which render panoramic views of Downtown Burj Dubai. Every house features modern finishes, luxury fittings and advanced telecom and entertainment connectivity.
Residents of "M" Burj Dubai can get to enjoy the shopping opportunities at the neighboring Dubai Mall, due to open shortly, and also the retailing options at 'Souk Al Bahar', an Arabesque architecture inspired shopping mall. Other attractions include hotels such as The Palace, Qamardeen, Al Manzil and The Old Town, apart from easy connectivity to the business nerve-centers of Dubai.
The Sales Director at Emaar, Saif Al Mansoori, says "Downtown Burj Dubai is the most sought after home destination in Dubai, with its central location and a rich spread of lifestyle amenities. It is an excellent sterling addition to the residential components of the project, with its elegant architecture, range of amenities, including the shopping plaza within the towers, rooftop garden and extensive health and leisure choices."
"M" Burj Dubai is believed to define the evolution of residential property sector in Dubai, where demand is driven by three main factors, such as location, design and amenities.
Potential customers can visit Downtown Burj Dubai Sales Center and Abu Dhabi Sales Center on 3rd May from 9am to 6pm.
Downtown Burj Dubai is Emaar's mega flagship project, and the new center of the city, which constantly gains overwhelming customer response for its various commercial and residential project launches.
Labels: Downtown, Emaar, New-Dubai, Residential
Al Dua'a unveils The Plaza, worth Dh.500mn
Monday, February 04, 2008
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A Dh.2billion worth UAE-based property development, Al Dua'a Holdings, an advisory and real estate investment company, has unveiled their Dh.500mn project, The Plaza, a mixed-use development.
Designed by a California-based architect, Toni Ashai, the development comprises residences, offices and retail elements that truly meet the sustainable development requirements of Dubai.
Being ideally located in the core of New Dubai, in close proximity to the Dubai-central Metro Station, 'The Plaza', is within the easy reach of world-class restaurants, beaches, five-star restaurants, golf courses and luxury shopping centers. The development is surrounded by Jumeirah Islands, Emirates Hills, Golf estates, Dubailand, and the Marina.
'The Plaza' also includes executive apartments and suites for short-term temporary accommodations meant for guests, transportation arrangement facility, travel agencies, boutiques, beauty salons and renowned brands in the retail area.
Few of the excellent features of the development include good schools, health care centers and hospitals, lavish green gardens, parks, children's play areas, playgrounds, jogging tracks and indoor parking facility. The commercial area includes health clubs, day-care centers, business centers, conference rooms, virtual-office option, secretarial support, internet and video conferencing.
The Marketing Director of the company, Noreen Khan, mentioned that this mission would help to redefine the concept of lifestyle property in Dubai, by offering a unique combination of residential and commercial space to anyone, looking for high-quality deluxe living, or working environment.
Noor Islamic Bank has come forward with consumer finance of up to 85 percent for the clients of 'The Plaza'.
Designed by a California-based architect, Toni Ashai, the development comprises residences, offices and retail elements that truly meet the sustainable development requirements of Dubai.Being ideally located in the core of New Dubai, in close proximity to the Dubai-central Metro Station, 'The Plaza', is within the easy reach of world-class restaurants, beaches, five-star restaurants, golf courses and luxury shopping centers. The development is surrounded by Jumeirah Islands, Emirates Hills, Golf estates, Dubailand, and the Marina.
'The Plaza' also includes executive apartments and suites for short-term temporary accommodations meant for guests, transportation arrangement facility, travel agencies, boutiques, beauty salons and renowned brands in the retail area.
Few of the excellent features of the development include good schools, health care centers and hospitals, lavish green gardens, parks, children's play areas, playgrounds, jogging tracks and indoor parking facility. The commercial area includes health clubs, day-care centers, business centers, conference rooms, virtual-office option, secretarial support, internet and video conferencing.
The Marketing Director of the company, Noreen Khan, mentioned that this mission would help to redefine the concept of lifestyle property in Dubai, by offering a unique combination of residential and commercial space to anyone, looking for high-quality deluxe living, or working environment.
Noor Islamic Bank has come forward with consumer finance of up to 85 percent for the clients of 'The Plaza'.
Labels: New-Dubai, Real Estate Projects, 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
Sobha Group launches first luxury residential project Sobha Daffodil at Jumeirah Village
Tuesday, October 23, 2007
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The Sobha Group, a renowned Indian real estate development firm, delivering international quality products, has announced the launch of Sobha Daffodil, their first residential project, at Jumeirah Village in Dubai.
Sobha Daffodil consists of a four storey front block and ten storey rear block comprising 178 apartments. Sobha Daffodil offers a range of studios, single, double and triple bedroom apartments, all done up with high-quality finishes. Other recreational amenities here are the Barbeque area, the Club House, the Roof top, the Children's play area, the health club, gymnasium, Jacuzzi, a swimming pool, steam room, sauna and games room.
The Vice Chairman of Sobha Real Estate LLC, Ajay Rajendran, expressing his happiness over the launch of the company's first residential project in Dubai, stated that the Sobha Daffodil at the Jumeirah Village is expected to be another landmark addition to the Sobha portfolio, rendering high-quality lifestyle at the heart of New Dubai.
Sobha Daffodil consists of a four storey front block and ten storey rear block comprising 178 apartments. Sobha Daffodil offers a range of studios, single, double and triple bedroom apartments, all done up with high-quality finishes. Other recreational amenities here are the Barbeque area, the Club House, the Roof top, the Children's play area, the health club, gymnasium, Jacuzzi, a swimming pool, steam room, sauna and games room.The Vice Chairman of Sobha Real Estate LLC, Ajay Rajendran, expressing his happiness over the launch of the company's first residential project in Dubai, stated that the Sobha Daffodil at the Jumeirah Village is expected to be another landmark addition to the Sobha portfolio, rendering high-quality lifestyle at the heart of New Dubai.
Labels: Apartments, Jumeriah Village, New-Dubai, Residential
Dh.224b Arabian Canal expected to be a 'wonder' of the engineering world
Thursday, October 11, 2007
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Dubai, on Tuesday, unveiled a 75-km canal, which would re-shape the southern part of Dubai, transforming the huge Jebel Ali land mass into an island.
This latest mega-project of New Dubai, the Arabian Canal, will turn out to be the biggest and most expensive engineering feats in the world, costing $61 billion (Dh.224 billion).
The giant project will be built in two phases - the first phase is the 75kms canal, worth $11 billion that connects Palm Jebel Ali to the Palm Jumeirah, and the second phase is a 'city within a city' worth $50billion, which covers 20,000 hectares across the southern flank of the canal.
The global real estate branch of Dubai World, which is developed by Limitless, will also bring about a transformation on the arid terrain which stretches from outskirts of New Dubai to Jebel Ali.
"The Arabian Canal, will no doubt, be one of the wonders of the Engineering world," commented Saeed Ahmad Saeed, CEO of Limitless.
The canal, measuring about 150 meters in width and six meters in depth, will flow locally from Dubai Waterfront, through east of new Dubai World Central International Airport and finally will turn back to Palm Jumeirah.
The entire canal project is due for completion towards 2010.
This latest mega-project of New Dubai, the Arabian Canal, will turn out to be the biggest and most expensive engineering feats in the world, costing $61 billion (Dh.224 billion).
The giant project will be built in two phases - the first phase is the 75kms canal, worth $11 billion that connects Palm Jebel Ali to the Palm Jumeirah, and the second phase is a 'city within a city' worth $50billion, which covers 20,000 hectares across the southern flank of the canal.
The global real estate branch of Dubai World, which is developed by Limitless, will also bring about a transformation on the arid terrain which stretches from outskirts of New Dubai to Jebel Ali.
"The Arabian Canal, will no doubt, be one of the wonders of the Engineering world," commented Saeed Ahmad Saeed, CEO of Limitless.
The canal, measuring about 150 meters in width and six meters in depth, will flow locally from Dubai Waterfront, through east of new Dubai World Central International Airport and finally will turn back to Palm Jumeirah.
The entire canal project is due for completion towards 2010.
Labels: Dubai City, Dubai Real Estate, Limitless, New-Dubai
Downtown Dubai – urban living with style and luxury
Monday, September 10, 2007
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The Downtown Dubai development, which surrounds the prestigious Burj Dubai Tower, is designed to provide an urban living to Dubai with style and luxury, and is also a vital part of New Dubai. The wide variety of projects in this development is exclusive and unique, and inclusive of the ones that suit all scales, be it the high-rises or low-rises, highly priced or affordable. With the entire development being encased by a massive artificial lake, Downtown renders city life and tranquility in one place.
The key features of Downtown include a wide range of amenities available in and around the development, apart from the eye'catching view of the world's tallest building. This includes the Dubai Mall, which is one of the largest shopping malls in the world, which offers all the shopping, dining and entertainment that you would ever wish for. The residential properties are offered with a choice of amenities such as gyms, swimming pools, sauna and spas, and other entertainment centers that are scattered across the development. Downtown also houses several hotels, such as the Burj Dubai Armani hotel, and other cafes and restaurants that line the streets outside to offer wonderful views of the surrounding buildings and landscaped gardens.
The Downtown Dubai is the ultimate piece of property for a city living with a difference.
The key features of Downtown include a wide range of amenities available in and around the development, apart from the eye'catching view of the world's tallest building. This includes the Dubai Mall, which is one of the largest shopping malls in the world, which offers all the shopping, dining and entertainment that you would ever wish for. The residential properties are offered with a choice of amenities such as gyms, swimming pools, sauna and spas, and other entertainment centers that are scattered across the development. Downtown also houses several hotels, such as the Burj Dubai Armani hotel, and other cafes and restaurants that line the streets outside to offer wonderful views of the surrounding buildings and landscaped gardens.
The development includes studio, one, two, three and four bedroom apartments, penthouses, villas, townhomes and commercial space, all available within the surroundings that project an elegant urban lifestyle with the calmness of lake and scenic gardens.
The Downtown Dubai is the ultimate piece of property for a city living with a difference.
Labels: Apartments, Burj Dubai, Commercial Property, Downtown, New-Dubai, Townhouses
Nakheel to develop 4000 homes and villas in Al Furjan developments
Monday, September 03, 2007
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Nakheel has announced its plans to build a cluster of 4000 homes in 'new Dubai', which will cover the same land area as in Palm Jumeirah.
The first stage of construction of the project, Al Furjan, is due to begin during the initial half of 2008. The handover of the terraced homes and villas will be complete by the year 2010. The completion date for the entire 560 hectare development has been scheduled towards 2013.
Experts are of the opinion that this project will address the immediate requirement of villas in the emirate. The Al Furjan development comprises three, five and six bedroom villas and smaller terraced homes. The unit price begins at a range of Dh.2 million, and higher.
The project will be sold in phases. The first phase will consist of 800 units or more, and house 3,000 people. The other phases will be launched later, with about 4000 homes and 5000 residential apartments in the mixed-retail units, and hotels.
The Al Furjan will be the largest villa community ever launched by Nakheel. The officials say that the company plans to create a family-oriented community. The master-plan comprises play areas, open space and pathways. Every community will have its own village center, with other amenities ranging from supermarkets and coffee-shops to restaurants, gym facilities and open spaces.
The first stage of construction of the project, Al Furjan, is due to begin during the initial half of 2008. The handover of the terraced homes and villas will be complete by the year 2010. The completion date for the entire 560 hectare development has been scheduled towards 2013.
Experts are of the opinion that this project will address the immediate requirement of villas in the emirate. The Al Furjan development comprises three, five and six bedroom villas and smaller terraced homes. The unit price begins at a range of Dh.2 million, and higher.
The project will be sold in phases. The first phase will consist of 800 units or more, and house 3,000 people. The other phases will be launched later, with about 4000 homes and 5000 residential apartments in the mixed-retail units, and hotels.
The Al Furjan will be the largest villa community ever launched by Nakheel. The officials say that the company plans to create a family-oriented community. The master-plan comprises play areas, open space and pathways. Every community will have its own village center, with other amenities ranging from supermarkets and coffee-shops to restaurants, gym facilities and open spaces.
Labels: Al-Furjan, Luxury Homes, Nakheel, New Developments, New-Dubai, Palm Jumeirah, Residential, Villa Projects
