Bawabat Al Sharq - mixed-use development unveiled in Abu Dhabi
Wednesday, May 14, 2008
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
The Dh.3.5bn Eye of Ajman launched in Ajman by Bonyan
Tuesday, May 13, 2008
A Dubai-based realty company, Bonyan International Investment Group, has launched a Dh.3.5billion development, Eye of Ajman, which is also Bonyan's first realty project in Ajman.
The project, which covers 6.27million square feet of space, comprises 109 multi-purpose plots, comprises residential, hospitality, office and retail segments.
Located just 20 minutes away from Dubai, the project includes residential towers, lakes, and garden views with ample parking spaces allocated to residents and visitors alike.
Bonyan in its statement, revealed that a number of plots are designed to take the shape of a human eye, and the plots will house a mosque, hotels, schools, health club, a clinic and an electric sub station located amidst a sprawling urban landscape.
The Company Chairman, Abduallah Atatreh, said "We have identified Ajman to be the perfect location for our flagship project, due to its rapid advancement in infrastructure and land ownership legislation. We are confident that Eye of Ajman will be a major step in the positive direction towards continuing growth of Ajman as a business hub by drawing huge foreign investments and investments from across the region."
The project, which covers 6.27million square feet of space, comprises 109 multi-purpose plots, comprises residential, hospitality, office and retail segments.
Located just 20 minutes away from Dubai, the project includes residential towers, lakes, and garden views with ample parking spaces allocated to residents and visitors alike.
Bonyan in its statement, revealed that a number of plots are designed to take the shape of a human eye, and the plots will house a mosque, hotels, schools, health club, a clinic and an electric sub station located amidst a sprawling urban landscape.
The Company Chairman, Abduallah Atatreh, said "We have identified Ajman to be the perfect location for our flagship project, due to its rapid advancement in infrastructure and land ownership legislation. We are confident that Eye of Ajman will be a major step in the positive direction towards continuing growth of Ajman as a business hub by drawing huge foreign investments and investments from across the region."
Labels: Ajman, Real Estate Projects
The Boulevard - new signature community development in Ajman
Sunday, May 11, 2008
A member of Ajman Holding and leading property developer in the Middle East, aaproperty.ae, has announced the launch of its Dh.1.5bn signature community development, 'The Boulevard', in Ajman. The property will be marketed and sold through Gowealthy.com, the global property and lifestyle brand in the region.
Aimed at young professionals and families, The Boulevard, will offer potential home owners and investors elegant residential accommodation, apart from dynamic business environment and modern office amenities.
This signature development in Ajman will comprise fourteen residential and commercial towers, conference facility and world class hotel, apart from retail shopping mall with leading popular brands, chic cafes and boutique shops.
The development features residential units with an attractive starting price of AED 191,500 and a range of single and double bedroom apartments and duplex penthouses.
Situated at just 25 minutes away from Emirates Road and Dubai Internaitonal Airport, and 10 minutes from Sharjah International Airport, the Boulevard, offers spacious and affordable residential apartments with good amenities.
A three storey shopping mall which spreads across 170,000 square foot of space, a hotel, a shopping zone, a spa, roof gardens and food court are the other amenities featured in the development. The project also offers health clubs, rooftop swimming pools, five storey podium parking that can accommodate 3300 vehicles, an high-speed internet café, apart from cable TV to each unit and 24-hour security service.
The two commercial towers in the community comprises 29 storey each, apart from two facilities floors, while the residential towers are 10 to 20 storey each. Each of the residential and commercial tower features their own health club facilities too.
Established in 2007, aaproperty.ae is a leading property development group (particularly for mixed-use projects) in the Middle East. Being a real estate arm of Ajman Holding, aa property offers innovative design and construction of luxury freehold apartments, malls, offices and hotels.
Social BookmarkingAimed at young professionals and families, The Boulevard, will offer potential home owners and investors elegant residential accommodation, apart from dynamic business environment and modern office amenities.
This signature development in Ajman will comprise fourteen residential and commercial towers, conference facility and world class hotel, apart from retail shopping mall with leading popular brands, chic cafes and boutique shops.
The development features residential units with an attractive starting price of AED 191,500 and a range of single and double bedroom apartments and duplex penthouses.
Situated at just 25 minutes away from Emirates Road and Dubai Internaitonal Airport, and 10 minutes from Sharjah International Airport, the Boulevard, offers spacious and affordable residential apartments with good amenities.
A three storey shopping mall which spreads across 170,000 square foot of space, a hotel, a shopping zone, a spa, roof gardens and food court are the other amenities featured in the development. The project also offers health clubs, rooftop swimming pools, five storey podium parking that can accommodate 3300 vehicles, an high-speed internet café, apart from cable TV to each unit and 24-hour security service.
The two commercial towers in the community comprises 29 storey each, apart from two facilities floors, while the residential towers are 10 to 20 storey each. Each of the residential and commercial tower features their own health club facilities too.
Established in 2007, aaproperty.ae is a leading property development group (particularly for mixed-use projects) in the Middle East. Being a real estate arm of Ajman Holding, aa property offers innovative design and construction of luxury freehold apartments, malls, offices and hotels.
Labels: Ajman, Community, Freehold Property
The Crown unveiled at Palm Jebel Ali to promote family tourism
Saturday, May 10, 2008
Dubai's leading property developer, Nakheel, together with Busch Entertainment Corporation, is planning a 380-acre development across the Palm Jebel Ali, called The Crown, targeting the families and conservation.
The Crown will include resorts, hotels, and four theme parks namely the Busch Gardens, Aquatica, Seaworld and the overy Cove. Construction of The Crown is expected to begin by the end of the year. It will be linked to the Palm Jebel Ali's main crescent through a tunnel on the western side and through a bridge on the eastern side.
The Corporate Vice President and Chief Marketing Officer of Busch, Joseph A Couceiro said "It makes a statement even for Dubai."
The Palm Jebel Ali has a unique marine life with 504 water-homes, which is the biggest number of water-homes in the world. Shaikh Mohammed's Floating proverb too, is likely to begin construction by the end of this year, he added.
Busch Gardens will mainly house African animals which can thrive in Dubai temperatures and the Seaworld and overy Cove will include dolphins and other marine life.
The Crown will be open for visitors by the year 2012, and will be mainly family-oriented, as Nakheel and Dubai intend to promote family tourism.
The project is still in the planning stages, but Couceiro revealed that they expect several million people in the parks every year.
The Palm Jebel Ali development, including The Crown, is likely to house 57 hotels and 23,000 rooms on the whole, out of which The Crown will contribute 3000 to 4000 rooms.
The Crown will include resorts, hotels, and four theme parks namely the Busch Gardens, Aquatica, Seaworld and the overy Cove. Construction of The Crown is expected to begin by the end of the year. It will be linked to the Palm Jebel Ali's main crescent through a tunnel on the western side and through a bridge on the eastern side.
The Corporate Vice President and Chief Marketing Officer of Busch, Joseph A Couceiro said "It makes a statement even for Dubai."
The Palm Jebel Ali has a unique marine life with 504 water-homes, which is the biggest number of water-homes in the world. Shaikh Mohammed's Floating proverb too, is likely to begin construction by the end of this year, he added.
Busch Gardens will mainly house African animals which can thrive in Dubai temperatures and the Seaworld and overy Cove will include dolphins and other marine life.
The Crown will be open for visitors by the year 2012, and will be mainly family-oriented, as Nakheel and Dubai intend to promote family tourism.
The project is still in the planning stages, but Couceiro revealed that they expect several million people in the parks every year.
The Palm Jebel Ali development, including The Crown, is likely to house 57 hotels and 23,000 rooms on the whole, out of which The Crown will contribute 3000 to 4000 rooms.
Labels: Nakheel, Palm-Jebel-Ali, Resorts, Theme-Parks, Tourism
Emaar unveils sale of unique signature residences
Emaar Properties plans to unveil a series of exclusive signature residences in its well-known master planned communities on 10th May 2008. The special sale of premium residences within The Views, The Lakes, Dubai Marina and Downtown Burj Dubai will be open for a day, and will be allotted on a 'first-come, first-serve-basis, offering easy home finance options to several financial institutions.
Among the portfolio of homes for sale are the villas, apartments, and townhouses that are distinguished from each other by their architectural elegance, location, and easy access to amenities such as the Deema townhouses with terraces overlooking The Lakes, the Tanaro apartments at The Views that offer wonderful golf course views, and a group of apartments in Downtown Burj Dubai and Dubai Marina.
The Views and The Lakes, that form a part of Emirates Living, are a group of established communities by Emaar. The Deema townhouses in The Lakes are situated amidst placid lakes and are easily accessible to world-class golf courses. The tranquil parks and waterways add to the quality of living in the community. The Views offer spectacular views of the nearby golf course. The Tanaro is a residential tower that is highly in demand, due to its easy access to Emaar Business Park commercial building cluster.
The Downtown Burj Dubai is another mega-flagship project of Emaar, which anchors Burj Dubai, the tallest building in the world, and The Dubai Mall, the largest shopping and entertainment destination in the world, among many other attractions. The customers get to choose from a wide range of apartments ideally located in elegantly designed residential projects, with most homes offering views of Burj Dubai.
Dubai Marina is one of the first and largest waterfront projects in the region, offering Riviera-styled lifestyle against the backdrop of Marina, and the 11km stretch boardwalk, which includes a rich spread of retail outlets and restaurants. The residential projects by Emaar located on the waterfront location, offers wide array of amenities for residents.
Emaar's residential communities are one among the most desired properties in Dubai, and the sale is considered to be a good and unique opportunity for potential home-owners to be a part of the vibrant Emaar community.
Potential customers are welcome to visit the Downtown Living Sales Center and Abu Dhabi Sales Center on 10th May between 9am and 6pm, or call toll-free 800-EMAAR or log on to www.emaar.com for details.
Social BookmarkingAmong the portfolio of homes for sale are the villas, apartments, and townhouses that are distinguished from each other by their architectural elegance, location, and easy access to amenities such as the Deema townhouses with terraces overlooking The Lakes, the Tanaro apartments at The Views that offer wonderful golf course views, and a group of apartments in Downtown Burj Dubai and Dubai Marina.
The Views and The Lakes, that form a part of Emirates Living, are a group of established communities by Emaar. The Deema townhouses in The Lakes are situated amidst placid lakes and are easily accessible to world-class golf courses. The tranquil parks and waterways add to the quality of living in the community. The Views offer spectacular views of the nearby golf course. The Tanaro is a residential tower that is highly in demand, due to its easy access to Emaar Business Park commercial building cluster.
The Downtown Burj Dubai is another mega-flagship project of Emaar, which anchors Burj Dubai, the tallest building in the world, and The Dubai Mall, the largest shopping and entertainment destination in the world, among many other attractions. The customers get to choose from a wide range of apartments ideally located in elegantly designed residential projects, with most homes offering views of Burj Dubai.
Dubai Marina is one of the first and largest waterfront projects in the region, offering Riviera-styled lifestyle against the backdrop of Marina, and the 11km stretch boardwalk, which includes a rich spread of retail outlets and restaurants. The residential projects by Emaar located on the waterfront location, offers wide array of amenities for residents.
Emaar's residential communities are one among the most desired properties in Dubai, and the sale is considered to be a good and unique opportunity for potential home-owners to be a part of the vibrant Emaar community.
Potential customers are welcome to visit the Downtown Living Sales Center and Abu Dhabi Sales Center on 10th May between 9am and 6pm, or call toll-free 800-EMAAR or log on to www.emaar.com for details.
Labels: Emaar, Latest News, Sales
Rakeen rolls out development worth Dh 110bn at Ras Al Khaimah
Thursday, May 08, 2008
A property developer, Rakeen, owned by the Ras Al Khaimah Government, is soon likely to launch a Dh.110 billion master-planned development in the northernmost emirate of UAE, reports Gulf News.
The Chief Operating Officer of Rakeen, Dr. Imad Haffar, when speaking to Gulf News, revealed that on completion the integrated township community would accommodate a population of 120,000 to 150,000n people. The land value of the project is estimated to be about $6 to $7bn, and Rakeen is investing about $1bn to $2bn in its infrastructure.
Rakeen has also rolled out numerous other projects at Ras Al Khaimah (RAK), which is likely to help the government in materializing their economic growth plan and also helps in raising the standard of the emirate to a major tourism destination in the region.
Among the recent projects unveiled by Rakeen at RAK are the Bab Al Bahr and the Al Marjan Island, a $1.8bn mixed-use development to be built on a patch of reclaimed island on the Arabian Gulf.
In the meanwhile, Rakeen has unveiled a Dh.1.4bn RAK Convention and Exhibition Center, spread across 50,000 square meters of rentable area, and include five exhibition halls with a seating capacity of about 400 to 600 in each hall. It also includes three hotels with 750 keys, and a green park, all located between three towers - 62 storeyed 'The Tower' (5star), 12 storeyed 'The Oasis' tower, and 12 storeyed 'The Expo' (3 star) tower, apart from three storey shopping mall, food courts, seven cinemas, restaurants and cafes.
This mixed-use project will have an iconic look with superior high-quality finish using technologically advanced ceramics, developed by RAK ceramics.
"The RAK Convention and Exhibition Center will be the best of its kind in the region, and will be more than just a place of function. It will be an outstanding architectural masterpiece designed meticulously permitting future expansion," said Dr. Imad.
Established in April 2006, with an authorized capital of Dh.4mn, Rakeen has emerged to be the leading land master planner and developer, and has numerous high-profile local and international projects that are currently in progress.
Social BookmarkingThe Chief Operating Officer of Rakeen, Dr. Imad Haffar, when speaking to Gulf News, revealed that on completion the integrated township community would accommodate a population of 120,000 to 150,000n people. The land value of the project is estimated to be about $6 to $7bn, and Rakeen is investing about $1bn to $2bn in its infrastructure.
Rakeen has also rolled out numerous other projects at Ras Al Khaimah (RAK), which is likely to help the government in materializing their economic growth plan and also helps in raising the standard of the emirate to a major tourism destination in the region.
Among the recent projects unveiled by Rakeen at RAK are the Bab Al Bahr and the Al Marjan Island, a $1.8bn mixed-use development to be built on a patch of reclaimed island on the Arabian Gulf.
In the meanwhile, Rakeen has unveiled a Dh.1.4bn RAK Convention and Exhibition Center, spread across 50,000 square meters of rentable area, and include five exhibition halls with a seating capacity of about 400 to 600 in each hall. It also includes three hotels with 750 keys, and a green park, all located between three towers - 62 storeyed 'The Tower' (5star), 12 storeyed 'The Oasis' tower, and 12 storeyed 'The Expo' (3 star) tower, apart from three storey shopping mall, food courts, seven cinemas, restaurants and cafes.
This mixed-use project will have an iconic look with superior high-quality finish using technologically advanced ceramics, developed by RAK ceramics.
"The RAK Convention and Exhibition Center will be the best of its kind in the region, and will be more than just a place of function. It will be an outstanding architectural masterpiece designed meticulously permitting future expansion," said Dr. Imad.
Established in April 2006, with an authorized capital of Dh.4mn, Rakeen has emerged to be the leading land master planner and developer, and has numerous high-profile local and international projects that are currently in progress.
Labels: Rakeen, Ras Al Khaima
Deyaar unveils Oakwood Residency at IMPZ, Dubai
Wednesday, May 07, 2008
Deyaar, the fastest growing realty company in the region has unveiled Oakwood Residency, a Dh.450million residential tower at the International Media Production Zone (IMPZ) in Dubai.
Oakwood Residency offers 344 single and double bedroom apartments, few of which are inclusive of maid's accommodation and study room. Located amidst excellent residential and business community, the tower features vast array of amenities such as fully equipped gymnasium, separate sauna and steam rooms for men and women, rooftop swimming pool, ample parking space and round the clock security.
Potential buyers can avail a finance of upto 90 percent from a range of home finance providers, including Amlak, Abu Dhabi Commercial Bank, National Bank of Dubai, Dubai Islamic Bank and Tamweel.
Located in close proximity to most major destinations in Dubai, the 1-storey tower is likely to be ready by second quarter of 2010. Located conveniently off Emirates Roads, the residents of Oakwood Residency will get an easy access to the major gateways in the emirate such as Al Khail road and Sheikh Zayed Road.
Deyaar, already owns several plots in IMPZ and is one of the largest developer in the mixed-use community, situated in close proximity to Dubai Internet City, Dubai Landmarks, Mall of Emirates, Knowledge Village, Dubai Media City and the upcoming al Maktoum International Airport in Jebel ali.
"Oakwood Residency is another landmark project for this fast-paced company, which continues to reflect its commitment to customer service, timely delivery and product excellence. Oakwood Residency will be an unique opportunity for investors and homeowners to participate in the emirate's booming realty sector," said Saeed Al Qatami, the Managing Director of Deyaar.
Deyaar continues to maintain its leading position in the property development sector of Dubai, with most of its projects being sold within hours of launch. The projects of Deyaar enjoy a high demand in the secondary market, and spread across prominent locations in Dubai such as the Downtown Jebel Ali, Jumeirah Lake towers, Dubai Marina, Business Bay, and the like, where Deyaar is the single largest developer.
Labels: Deyaar
Supertowers with unique concepts to adorn Dubai skyline
Tuesday, May 06, 2008
Dubai's skyline is all set to be re-defined with numerous supertowers which comprise more than 100 storey and are more than 600 meters in height, which totals up to an estimated value of more than $7bn (Dh.25bn).
The projects, that are likely to be announced towards end of this year, will form a part of master-planned development, which will increase the Dubai's standards of urban development and masterplanning.
The projects titled as AC Towers, EP Site 07, 09 and 15, are designed by Adrian smith and Gordon Gill, and have been approved by the Dubai Government. The projects will be complete in five years time.
The Lead Architect, Smith also owns the credit of designing the Burj Dubai, the world's tallest tower.
"Dubai has already become host to maximum number of supertowers in the world. We plan to add a few more to the city's growing skyline. Among the 13 supertowers being designed by us, five will be located in the UAE and one in Qatar," Smith said.
These towers will stand out among all the other towers currently being developed in Dubai, due to their eco-friendliness, sustainability, energy efficiency and intelligent building systems.
According to new technology being employed by Smith, the buildings will draw air from the top floors that are 10 degree cooler and will spray them to lower levels where the temperature is higher. This unique technique has never been employed in any other supertowers in the world till date.
The new buildings have been so designed that they save energy by 40 to 60 percent and get zero level in energy consumption.
AC Towers:
AC is a cluster of three supertowers rising above 100 storeys and are connected at the base with an atrium, and skybridges. Being a mixed use project, it spreads over an area of 800,000 to 900,000 square meters and comprises residential, commercial, hotel, and entertainment space, with a capacity to accommodate upto 6000 people. A canal and waterway that pass through the AC Towers will create open space for educational and theatrical activities.
EP 07 Tower
As for the EP projects, EP 07 will be as high as 125 storeys and will be a true reflection of the pearl trading and farming heritage of Dubai. This mixed-use project will be nearly 600 meters in height and cover a built-up area of 350,000 square meters. EP 07 will be covered by ribbons of steel that help in utilizing the solar energy and making it sustainable. Also, the buildings are so designed that they withstand the wind pressure, managing it in a more effective manner.
EP 09 Tower
The curved structures of the EP 09 tower hosts two buildings each and includes six towers with 30 to 40 floors, spreading across a built-up area of 450,000 square meters. The mixed-use community will have one purely residential community and the other two which include retail, commercial, hospitality and entertainment amenities. All these are connected at the base, but separated above by a distance spanning 175 meters. The smart energy-efficient buildings will open up to landscaped roof, garden and podium. The energy save by one tower could be passed on the other, and hence the buildings complement the use of energy. This concept too, is unique to Dubai and is being implemented for the first time ever.
EP 15 Tower
The EP 15 tower blends together simple geometric principles with new, upcoming technologies to create a modern, soaring tower of light. The tower has a series of faceted surfaces which increase light and air travelling through the building and maximizes energy generation in building systems.
The tower filters light and wind and the prism shape helps in withstanding high wind pressures, minimizing risks. The six holes in the building helps wind pass through the building, with 25 percent less cost.
With a built-up area of more than 300,000 square meters, the tower will increase to more than 101 floors in height. It will be a mixed-use project featuring commercial and retail spaces and hotel and convention facilities.
Labels: Dubai City, eco-friendly, Latest News, Real Estate Projects
Ground breaking ceremony held for Sungwon's Santeview project
Sunday, May 04, 2008
South Korea's Sungwon Corporation held the groundbreaking ceremony of its second property in the region, the Dh.1.5bn 'Santeview' at Culture Village.Santeview is a mixed-use complex project, which includes G+32 storey commercial tower, and a G+40 storey residential tower. Dubai Properties is the strategic partner and master developer of Culture Village.
The first two levels will be dedicated to retail space, accommodating few of the best brands in the world, revealed a Sungwon official.
Santeview, with its high-tech security features, smart home and office features, intelligent space design, and contemporary design with an Arabic touch, makes it an ideal creek-side location, and located adjacent to the Culture Village Metro Station, Santeview is the most sought after property development in the area.
The CEO of Sungwon's Middle East Headquarters, Chang-Pyo Park, said "Being one of our unique property projects in the Middle East, we are confident that Santeview will set a benchmark in property development in the region, which will reflect the best architectural and engineering expertise drawn through years of experience in the construction industry."
Sungwon is a large integrated real estate, construction and engineering company, built on solid reputation as property developer and contractor of award-winning luxury high-rises (both residential and mixed-use complexes). Sungwon has more than 130,000 apartments and 1000 high-rise towers.
Santeview is a part of $1.2bn investments which Sungwon has allocated for property development in the region. Sungwon is also carrying out various civil works in other GCC nations.
Labels: Construction Projects, Cultural-Village
First phase of construction begins at the $3.8bn Pearl Dubai
Al Fahim Group, the developers of the Dh.14bn Dubai Pearl Project, have announced the commencement of first phase of construction of their world-class mixed-use development, the $3.8bn Pearl Dubai.
Pearl Dubai has completed the scaffolding and site hoarding and has obtained mobilization permit from Tecom Investments. It is currently mobilizing contractors for the foundation works of the project. The preliminary piling test is scheduled for mid-May.
The Chairman of Pearl Dubai, Abdul Majeed Al Fahim, revealed that the project received an overwhelming response from investors during the first two launches of its residential and commercial units this year.
He confirmed that the construction work of Pearl Dubai, too, is progressing as scheduled and the project is gaining momentum for another exciting launch of an exclusive residential component which would be an additional incentive for investors.
Located at the heart of Dubai Technology and Media Free Zone, the Dubai Pearl project overlooks Palm Jumeirah. The Dubai Pearl is expected to be ready by 2010, and covers a built-up area of 15 million square feet, combining an active business district with quality urban lifestyle.
Dubai Pearl offers easy access to major commercial and residential areas, such as the Dubai Knowledge Village, Dubai Internet City and Dubai Media City. It also houses a state-of-the-art theatre, with sufficient capacity to seat 2000 people, a luxury fashion precinct, sky penthouses, sky palaces and temperature-controlled pedestrian walkways.
Social BookmarkingPearl Dubai has completed the scaffolding and site hoarding and has obtained mobilization permit from Tecom Investments. It is currently mobilizing contractors for the foundation works of the project. The preliminary piling test is scheduled for mid-May.The Chairman of Pearl Dubai, Abdul Majeed Al Fahim, revealed that the project received an overwhelming response from investors during the first two launches of its residential and commercial units this year.
He confirmed that the construction work of Pearl Dubai, too, is progressing as scheduled and the project is gaining momentum for another exciting launch of an exclusive residential component which would be an additional incentive for investors.
Located at the heart of Dubai Technology and Media Free Zone, the Dubai Pearl project overlooks Palm Jumeirah. The Dubai Pearl is expected to be ready by 2010, and covers a built-up area of 15 million square feet, combining an active business district with quality urban lifestyle.
Dubai Pearl offers easy access to major commercial and residential areas, such as the Dubai Knowledge Village, Dubai Internet City and Dubai Media City. It also houses a state-of-the-art theatre, with sufficient capacity to seat 2000 people, a luxury fashion precinct, sky penthouses, sky palaces and temperature-controlled pedestrian walkways.
Labels: Construction Projects
IRIS launches IRIS Crystal commercial tower at Business Bay
Saturday, May 03, 2008
IRIS, a leading property developer in the region, has officially launched the Dh.600mn IRIS Crystal, during an event held at the InterContinental Hotel on 28th April.
Located at the heart of Business Bay, the 25-storey five-star luxury business development is a freehold office tower, covering 300,000 Square Feet of floor space and 12,000 Square Feet of retail space on the ground level.
Designed by well-known international architects, Aedas, IRIS Crystal will be a commercial tower with prominent architectural features and rich interiors with finest fittings and innovative technologies incorporated. The tenants will have access to a wide range of amenities including health and fitness facilities, state-of-the-art business center, retail outlets all complemented by modern office infrastructure.
The interior will be so designed that it ensures efficient usage of space and light, accommodating six high-speed elevators, nine levels of parking with sufficient parking space for 672 cars, 24 hours secturity, high-speed internet connectivity in all units, state-of-the-art CCTV systems, Smart Card access control, apart from offering unparalleled aesthetics, which ensures high return on investments.
The starting prices of units at IRIS Crystal is nearly Dh.2,976 per Sq. Ft.
The IRIS CEO and the Managing Director of Sheth Estate, Ashwin Sheth, when speaking during the launch, mentioned that the impressive growth of Dubai economy has led to increased demand for office space at prime locations, and that IRIS is proud to introduce another iconic development in Dubai's prime business hub.
The IRIS CEO and the Managing Director of Sheth Estate, Ashwin Sheth, when speaking during the launch, mentioned that the impressive growth of Dubai economy has led to increased demand for office space at prime locations, and that IRIS is proud to introduce another iconic development in Dubai's prime business hub.
Labels: Business Bay, Business Tower, Commercial Property, Freehold Property
Escape launches Saddle Homes in Ajman
Escape, an equestrian community which is currently under development in Ajman, has now launched a new housing concept to the market, through the launch of Saddle Homes.
The Saddle Homes are two-storey residences that are more like spaciously designed small villas that blend convenience and ease of an apartment. Being attractively priced, they are positioned in configurations of four, and will be amidst creative landscaping in the eight million square foot project.
Saddle Homes are situated on a subtle rise, facing the expanse of the community, and feature private parking bays, gardens, terraces, community swimming pools, and the wooden fencing that retains a fusion of Arabian, Mediterranean and Ottoman design influences and color schemes.
The two-bedroom units offer slightly different floor plan variations, and maximize the use of natural light, offering Spanish terra cotta flooring and high quality finishing. All residential options are a true blend of modern comfort with top quality details, while also retaining the traditional Islamic and Arabian architecture.
The Escape Sales Consultant, Aadil Sher said "Saddle Homes has been conceptualized to fit a niche in the market. These homes are ideal as a starter home for young couples, professional singles, or a holiday retreat for residents of other emirates or abroad. They are designed in a manner that provides maximum space, good value, and are attractive and easy to care for. This is a winning combination."
Launched during early 2007, villas at Escape witnessed rapid sales. The Saddle Homes are the next sales phase of the project. Apart from the 140 Saddle Homes, Escape offers about 500 three to four bedroom villas, and terraced and low-rise apartments, due to be released for sale in a couple of months.
The development also includes a boutique hotel, Hoofbeatz Activities Center Clubhouse, an equine spa, several multipurpose indoor and outdoor sports or riding arenas, and a mix of health, sports, and leisure amenities all focused on family entertainment. Located adjacent to Emirates Road on the Sharjah and Ajman border, Escape is easily accessible to major urban business and transportation hubs in Dubai and other Northern Emirates.
Escape is set to break ground in May 2008, and is due to be complete by December 2010
Social BookmarkingThe Saddle Homes are two-storey residences that are more like spaciously designed small villas that blend convenience and ease of an apartment. Being attractively priced, they are positioned in configurations of four, and will be amidst creative landscaping in the eight million square foot project.
Saddle Homes are situated on a subtle rise, facing the expanse of the community, and feature private parking bays, gardens, terraces, community swimming pools, and the wooden fencing that retains a fusion of Arabian, Mediterranean and Ottoman design influences and color schemes.
The two-bedroom units offer slightly different floor plan variations, and maximize the use of natural light, offering Spanish terra cotta flooring and high quality finishing. All residential options are a true blend of modern comfort with top quality details, while also retaining the traditional Islamic and Arabian architecture.
The Escape Sales Consultant, Aadil Sher said "Saddle Homes has been conceptualized to fit a niche in the market. These homes are ideal as a starter home for young couples, professional singles, or a holiday retreat for residents of other emirates or abroad. They are designed in a manner that provides maximum space, good value, and are attractive and easy to care for. This is a winning combination."
Launched during early 2007, villas at Escape witnessed rapid sales. The Saddle Homes are the next sales phase of the project. Apart from the 140 Saddle Homes, Escape offers about 500 three to four bedroom villas, and terraced and low-rise apartments, due to be released for sale in a couple of months.
The development also includes a boutique hotel, Hoofbeatz Activities Center Clubhouse, an equine spa, several multipurpose indoor and outdoor sports or riding arenas, and a mix of health, sports, and leisure amenities all focused on family entertainment. Located adjacent to Emirates Road on the Sharjah and Ajman border, Escape is easily accessible to major urban business and transportation hubs in Dubai and other Northern Emirates.
Escape is set to break ground in May 2008, and is due to be complete by December 2010
Labels: Ajman, housing, Villa Projects
Emaar's "M" Burj Dubai residential project unveiled
Thursday, May 01, 2008
"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
Abu Dhabi's iconic development Capital Gate on track
Wednesday, April 30, 2008
Capital Gate, the Abu Dhabi's iconic real estate development is progressing as scheduled, revealed ADNEC (Abu Dhabi National Exhibition Company), the master developer of Capital Gate.
The current phase of construction of the 35-storey iconic tower, involves pouring of more than 6000 cubic meters of concrete to create a base for the 160 meters.
Capital Gate is scheduled for completion in 2009, and thereafter it is expected to house an executive five-star hotel Hyatt in Abu Dhabi, which will be the first Hyatt hotel in the capital. It will also provide the most exclusive office space ever in Abu Dhabi.
Capital Gate is scheduled for completion in 2009, and thereafter it is expected to house an executive five-star hotel Hyatt in Abu Dhabi, which will be the first Hyatt hotel in the capital. It will also provide the most exclusive office space ever in Abu Dhabi.
Simon Horgan, the ADNEC CEO, said "There is nothing standard about the tower. Each room, each pane and every angle is different. It was designed to provide no symmetry to inspire both observers and visitors."
ADNEC is a top class MICe (Meetings, Incentives, Conferences and Exhibitions) venue in the Middle East.
ADNEC is a top class MICe (Meetings, Incentives, Conferences and Exhibitions) venue in the Middle East.
DNEC is following an expansion strategy with an aim of catalyzing the MICE industry in Abu Dhabi, and is developing a business and leisure district spreading across 148,000 square meters of land, known as Capital Center.
Located in close proximity to the airport, the Dh.8bn Center will house the state-of-the-art Abu Dhabi National Exhibition Center, an iconic 35-storey Capital Gate, a micro-city consisting of commercial, residential and hotel accommodation, waterfront leisure zone, a marina and an existing grandstand.
Labels: Abu Dhabi, Business Tower, Office Space
Fortune Group partners with Badr Al Islami for easy mortgage solutions
The Dubai based property developer, Fortune Group, has entered into a partnership with Badr Al Islami, a Shariah-compliant arm of Mashreq, will offer Shariah-compliant mortgage solutions to property buyers for their residential and commercial projects.
Badr Al Islami will offer mortgage solutions for Fortune Serene, Fortune Avenue and Fortune Bay, worth more than $272million in value. It will also manage Trust Accounts for all the three projects.
Fortune Serene is a residential project in International Media Production Zone, while Fortune Bay and Fortune Avenue offers commercial space in Business Bay.
As per the agreement, Badr Al Islami will structure finance options depending on investor requirements for each project. It will provide easy finance solutions of up to 80 percent of project value. Buyers can avail maximum of $3.3mn in residential and commercial property mortgage.
Social BookmarkingBadr Al Islami will offer mortgage solutions for Fortune Serene, Fortune Avenue and Fortune Bay, worth more than $272million in value. It will also manage Trust Accounts for all the three projects.
Fortune Serene is a residential project in International Media Production Zone, while Fortune Bay and Fortune Avenue offers commercial space in Business Bay.
As per the agreement, Badr Al Islami will structure finance options depending on investor requirements for each project. It will provide easy finance solutions of up to 80 percent of project value. Buyers can avail maximum of $3.3mn in residential and commercial property mortgage.
