Saturday, August 16, 2008

Desert Dream launches Dream Harbour residential tower at Dubai Waterfront

desert dream harbour
Desert Dream Real Estate and Investments, one of the pioneer developers in the region, will launch their latest project, 'Dream Harbour', worth Dh.1.7bn, at the Dubai Waterfront, a community by master developer Nakheel.

The 48 storey residential tower, rendering a unique feel of Modern Arabia, would spread across 67,850 square feet of land space, covering total built-up area of 750,000 square feet, excluding car parking space. The prices would begin with Dh.1995 per square foot.

Being ideally located along the Palm Jebel Ali and the Arabian Gulf, the Dream Harbour is just adjacent to the beach on the main boulevard.

The development offers residents with three Souk style shopping galleries with architecture that keeps with local culture mosaic facades and historical arches. The rooftop which offers panoramic views of Waterfront has two swimming pools, a sauna and steam room.

The penthouses are complete with spacious living and dining area, piano rooms, grand lobbies, modern kitchens and en-suite bedrooms, all with their own private swimming pools and stunning sea views. Apart from penthouses, there are a variety of apartments including single, double, triple, and four bedrooms, with mixed single level and duplex options.

The Chairman and Chief Executive of Desert Dream, Mahmoud Khan, revealed that with this project, the portfolio of the company is about Dh.2.5bn.

The project includes amenities such as swimming pools, steam room, sauna and retail space.

According to Khan, although residents in Dubai complain about the high residential prices, Dubai is still cheaper than most other countries. Also the kind of lifestyle that Dubai renders, nobody else can. Moreover, Dubai has been referred to as "credit-crunch free-zone", referred Khan.

Desert Dream has no immediate plans to launch projects in other emirates, but has four more projects planned for Dubai. The three other developments in Dubai are in the Dubai International City, Business Bay and Discovery Gardens.

As for the green building regulations, Desert Dream plans to achieve a gold standard LEED rating through recycling water and cutting down on electrical output from air conditioning units by shading.

Located along the western shores of Dubai, the Waterfront will transform 1.4bn square feet of empty desert and sea, into an international community, for an estimated population of 1.5mn people, which is twice the size of Hong Kong Island.

3 comments:

Suzan said...

Quite an impressive design, very sleek exterior..

AIX said...

Dream Harbour's Design is really very impressive. Its very beauty full and big project which is sows that Dubai property market is move to very advance level.

Anonymous said...

This is great, get your investment and cashflow from arabs, sell the apartments at crazy prices, payback the investors and earn yourself a nice minty profit.. this is a beautiful strategy