UAE Realty market expected to stabilize with the execution of Strata Law
Thursday, November 29, 2007
The professionally implemented Strata and Facilities Management is widely expected to enhance the quality of life, and investor confidence in the UAE, thereby bringing about more stability in the UAE real estate market.
Dubai, as a part of its streamlining process, is likely to launch a Strata Law soon, which would streamline its local realty market, through adoption of best international practices.
The Strata Management will cover all common facilities shared by both owners and tenants, such as the fire services, parking, lifts, air conditioning, walkways, gymnasiums, pools, gardens and other common property. This is vital in maintaining high-quality living environment, keeping in mind, the health and well-being of all residents, while also maintaining cordial stakeholder relations.
The Chief Executive Officer of BCS Strata Management Services, Peter Crogan, while speaking at the Facilities Management Conference in Dubai, noted that the UAE property market, particularly Dubai, has entered a phase of proper regulatory frameworks and asset management protocols.
The region has witnessed high volume of investment and property boom, with spectacular and extensive developments being launched, the sustainability, of which, could be guaranteed only through professional management of assets, he added.
Dubai, as a part of its streamlining process, is likely to launch a Strata Law soon, which would streamline its local realty market, through adoption of best international practices.
The Strata Management will cover all common facilities shared by both owners and tenants, such as the fire services, parking, lifts, air conditioning, walkways, gymnasiums, pools, gardens and other common property. This is vital in maintaining high-quality living environment, keeping in mind, the health and well-being of all residents, while also maintaining cordial stakeholder relations.
The Chief Executive Officer of BCS Strata Management Services, Peter Crogan, while speaking at the Facilities Management Conference in Dubai, noted that the UAE property market, particularly Dubai, has entered a phase of proper regulatory frameworks and asset management protocols.
The region has witnessed high volume of investment and property boom, with spectacular and extensive developments being launched, the sustainability, of which, could be guaranteed only through professional management of assets, he added.
Labels: Market Trends, Property Law, UAE
ETA Star delivers new mixed-use realty development 'The Palladium'
A leading UAE realty developer, ETA Star, has announced the delivery of the luxury mixed-use development 'The Palladium' at Jumeirah Lakes Towers on Sheikh Zayed Road, Dubai.
The luxury development, which features 34-storey office and retail and residential complex with single, double and triple bedroom apartment and penthouses, has been handed over to the respective owners.
Located in the heart of Jumeirah Lakes Towers, 'The Palladium' captures the charm and essence of sophisticated lakeside lifestyle. Spreading over half a million square feet in area, it is a state-of-the-art high-rise development, comprising coffee shops, restaurants, and boutiques in the lobby.
The Executive Director of ETA Star, Abid Junaid, mentioned that 'The Palladium' being, one of its major projects, the company has been able to keep up its promise, thereby deeply enrooting the trust that the customers have placed on the company.
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The luxury development, which features 34-storey office and retail and residential complex with single, double and triple bedroom apartment and penthouses, has been handed over to the respective owners.Located in the heart of Jumeirah Lakes Towers, 'The Palladium' captures the charm and essence of sophisticated lakeside lifestyle. Spreading over half a million square feet in area, it is a state-of-the-art high-rise development, comprising coffee shops, restaurants, and boutiques in the lobby.
The Executive Director of ETA Star, Abid Junaid, mentioned that 'The Palladium' being, one of its major projects, the company has been able to keep up its promise, thereby deeply enrooting the trust that the customers have placed on the company.
Labels: ETA-Star, Jumeirah-Lake-Towers, Luxury Homes
Innovative building with Sandwich Panels at Al Reem nearing completion
The first building built without any wood or steel or concrete, is nearing completion on Al Reem Island of Abu Dhabi. The building, constructed with 'sandwich panels' is made of composite materials that are usually used in making new generation aircraft, including the Airbus 350 and Boeing 787.
The project is expected to be the new corporate office of Tameer Holding, which is currently working on a $1.9bn complex on the Al Reem Island.
The techonology which emphasizes on cost-saving and faster construction, has been introduced to the region by the InnoVida Group in collaboration with Safeer Group, a UAE based company. InnoVida is a US multinational company with operations in Africa, Germany, Central and South America and Middle East, which came to limelight with Pyramid, installed at Hyde Park in UK by the renowned pop star Romero Britto.
The Chief Executive of Tameer, Dr. Abdallah Shaaban, said "We hope our building on Al Reem will be the first structure to inspire other builders in adapting this technology and will go a long way in saving construction time and energy."
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The project is expected to be the new corporate office of Tameer Holding, which is currently working on a $1.9bn complex on the Al Reem Island.The techonology which emphasizes on cost-saving and faster construction, has been introduced to the region by the InnoVida Group in collaboration with Safeer Group, a UAE based company. InnoVida is a US multinational company with operations in Africa, Germany, Central and South America and Middle East, which came to limelight with Pyramid, installed at Hyde Park in UK by the renowned pop star Romero Britto.
The Chief Executive of Tameer, Dr. Abdallah Shaaban, said "We hope our building on Al Reem will be the first structure to inspire other builders in adapting this technology and will go a long way in saving construction time and energy."
Labels: Abu Dhabi, Al Reem Island, Construction Projects
Barwa launches Ajman Corniche Residence
Tuesday, November 27, 2007
The Barwa Real Estate, a Qatari developer, has unveiled a group of seven interlinked towers in Ajman Corniche Residence, reports Gulf News.
The Ajman Corniche Residence, located on Ajman Beach Road comprises residential areas, shopping malls and entertainment centers, strategically connected to each emirate in such a way that it is 10 minutes away from Sharjah, 5 minutes away from Ajman and 30minutes from the Dubai Airport.
Ajman Corniche Residence is supported by the Ajman Government and is the freehold residential development of Ajman.
The interlinked towers ranging from single to four bedroom sea-view apartments, with a range of 1344 to 5909 square feet in size, comprises landscapes, gardens, and a hoard of other amenities such as sauna, pool, steam room, relaxation area, Jacuzzi, children's play ground, pavilion, and health clubs, all in a luxurious affordable setting meant for commercial or residential purposes or investment.
The project which is expected to be complete by 2010, is 100 percent owned by Barwa International.
Social BookmarkingThe Ajman Corniche Residence, located on Ajman Beach Road comprises residential areas, shopping malls and entertainment centers, strategically connected to each emirate in such a way that it is 10 minutes away from Sharjah, 5 minutes away from Ajman and 30minutes from the Dubai Airport.
Ajman Corniche Residence is supported by the Ajman Government and is the freehold residential development of Ajman.
The interlinked towers ranging from single to four bedroom sea-view apartments, with a range of 1344 to 5909 square feet in size, comprises landscapes, gardens, and a hoard of other amenities such as sauna, pool, steam room, relaxation area, Jacuzzi, children's play ground, pavilion, and health clubs, all in a luxurious affordable setting meant for commercial or residential purposes or investment.
The project which is expected to be complete by 2010, is 100 percent owned by Barwa International.
Labels: Ajman, Freehold Property, Real Estate Projects, Residential, Water front
Mizin Remraam Phase I units sold out successfully
Mizin, a member of Tatweer, has announced that the low-rise community Remraam Phase 1, which was announced on 20th November 2007 has been sold completely.
The first phase of the project comprising low0rise Arabian themed buildings with seven storeys and 2090 units is the first of its kind in a large scale development that combines upscale living with value for money proposition.
The CEO of Mizin, Sami Al Hashimi, expressed his happiness over the fact that following the successful launch of Majan, Liwan and Arjan, now Remraam Phase 1 units has drawn lot of consumer interest and has been sold out completely, which indicates once again, the interest that the customers have placed in the company's developments.
The Mizin Phase 2 is expected to be launched during early 2008.
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The first phase of the project comprising low0rise Arabian themed buildings with seven storeys and 2090 units is the first of its kind in a large scale development that combines upscale living with value for money proposition.The CEO of Mizin, Sami Al Hashimi, expressed his happiness over the fact that following the successful launch of Majan, Liwan and Arjan, now Remraam Phase 1 units has drawn lot of consumer interest and has been sold out completely, which indicates once again, the interest that the customers have placed in the company's developments.
The Mizin Phase 2 is expected to be launched during early 2008.
Labels: Community, Residential, Sales
Ajman I development meets 75% sale within a year of launch
Sunday, November 25, 2007
Aqaar LLC has announced that nine out of twelve residential towers of the Dh.2.7billion mixed-use development in Ajman 1 has been completely sold out.
Spread over an area of 72,000 square meters of area, the Ajman 1 realty comprises 16 towers, a convention center, and retail and leisure amenities.
The Head of Ajman Municipality, H.H. Sheikh Rashid bin Humaid Al Nuami, said that they had targeted a sale of 50% of the project within the first year, and now 9 out of 12 towers have already been sold out, within a year of launch.
Aqaar has announced that it has entered into a deal with the Abu Dhabi Commercial Bank for a major package for financing the construction of Ajman 1. As per the deal, the Bank will provide a fixed term loan of Dh.600 million for construction of the real estate project in Ajman.
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Spread over an area of 72,000 square meters of area, the Ajman 1 realty comprises 16 towers, a convention center, and retail and leisure amenities.The Head of Ajman Municipality, H.H. Sheikh Rashid bin Humaid Al Nuami, said that they had targeted a sale of 50% of the project within the first year, and now 9 out of 12 towers have already been sold out, within a year of launch.
Aqaar has announced that it has entered into a deal with the Abu Dhabi Commercial Bank for a major package for financing the construction of Ajman 1. As per the deal, the Bank will provide a fixed term loan of Dh.600 million for construction of the real estate project in Ajman.
Labels: Ajman, Real Estate Projects, Residential
Indigo properties begins construction of Indigo Optima 1 and 2 at Dubai Industrial City
Saturday, November 24, 2007
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.
Social BookmarkingBoth 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
Maritime City announces complete sale of phase one plots in Maritime Complex
Thursday, November 22, 2007
The world's first purpose-built Maritime Center, and a member of Dubai World Group of Companies, the Dubai Maritime City has announced recent sale of its first phase plots of the massive commercial and residential districts of its Maritime Complex to contractors and developers.
The work on various commercial and residential projects within the city will begin in near future. The developers are required to obtain the 'Green Building Certificate' for their projects, as per the developmental policies and strict environmental standards of Dubai Maritime City.
The CEO of Dubai Maritime City, Amer Ali, said "The sales performance of the first phase of the project has surpassed expectations with tremendous response due to the huge project value in terms of excellence and creativity, as well as being the first of its kind in the world and in the region. "
He also expressed his pleasure over the steady economic potential of the project, which is sufficient proof of success of Maritime City.
Social BookmarkingThe work on various commercial and residential projects within the city will begin in near future. The developers are required to obtain the 'Green Building Certificate' for their projects, as per the developmental policies and strict environmental standards of Dubai Maritime City.
The CEO of Dubai Maritime City, Amer Ali, said "The sales performance of the first phase of the project has surpassed expectations with tremendous response due to the huge project value in terms of excellence and creativity, as well as being the first of its kind in the world and in the region. "
He also expressed his pleasure over the steady economic potential of the project, which is sufficient proof of success of Maritime City.
Labels: Dubai Real Estate, Latest News, Sales
Dubai Studio City commences first phase of construction works
A member of TECOM Investments, Dubai Studio City (DSC) has announced that the construction of Phase I of its commercial complex has commenced, and will be complete by December 2008.
Spread over 490,000 square feet, the development will have a range of office spaces, suitable for small and medium business set-ups, freelancers, production houses, and animation and graphic design companies.
Dedication to the growth of radio production, film, TV, post-production and broadcast industries in the region, the Studio City will comprise 14 sound stages, and an area of 3.5million square feet for commercial offices, a business center, pre-built studios and post-production studios.
The Director of Dubai Studio City, Jamal Al Sharif, said that they are investing in developing a state of the art model which will help the partners in conducting a seamless operation. The Commercial Complex at the Dubai Studio City will comprise customized office space, to meet the needs of post-production companies.
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Spread over 490,000 square feet, the development will have a range of office spaces, suitable for small and medium business set-ups, freelancers, production houses, and animation and graphic design companies.Dedication to the growth of radio production, film, TV, post-production and broadcast industries in the region, the Studio City will comprise 14 sound stages, and an area of 3.5million square feet for commercial offices, a business center, pre-built studios and post-production studios.
The Director of Dubai Studio City, Jamal Al Sharif, said that they are investing in developing a state of the art model which will help the partners in conducting a seamless operation. The Commercial Complex at the Dubai Studio City will comprise customized office space, to meet the needs of post-production companies.
Labels: Construction Projects, Dubai-Studio-City
Emaar Malls Group completes Gold and Diamond Park expansion
Tuesday, November 20, 2007
The Emaar Malls Group, a subsidiary of Emaar Properties PJSC, has completed the second and third phase of Gold and Diamond Park expansion, with the number of gold and jewellery retailers, being tripled, with new office blocks being established to house 118 manufacturing units and 350 commercial units.
Most of these are located between the residential and commercial developments near Sheikh Zayed Road and Interchange 4 in Dubai.
The Gold and Diamond Park, launched in May 2001, offers various commercial and retail business opportunities. It also comprises a restaurant, several cafes, and an underground parking with a capacity to park more than 750 cars. Apart from jewelery and gold trade, businesses from all sectors have opened offices within this commercial hub.
The General Manager of Gold & Diamond Park, Taher Badri, said that the Gold & Diamond Park has expanded significantly in size, and this will further enhance its reputation as a much sought-after location for a variety of businesses. The range and diversity of the business offerings in Gold and Diamond Park, makes it a leading destination and a centralized place, to conduct business of diamond and gold jewellery.
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Most of these are located between the residential and commercial developments near Sheikh Zayed Road and Interchange 4 in Dubai.The Gold and Diamond Park, launched in May 2001, offers various commercial and retail business opportunities. It also comprises a restaurant, several cafes, and an underground parking with a capacity to park more than 750 cars. Apart from jewelery and gold trade, businesses from all sectors have opened offices within this commercial hub.
The General Manager of Gold & Diamond Park, Taher Badri, said that the Gold & Diamond Park has expanded significantly in size, and this will further enhance its reputation as a much sought-after location for a variety of businesses. The range and diversity of the business offerings in Gold and Diamond Park, makes it a leading destination and a centralized place, to conduct business of diamond and gold jewellery.
Labels: Commercial Property, Dubai City, Emmar
Al Madar launches Dh300m Siraj Tower
Monday, November 19, 2007
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.
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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
The Views - community for young professionals and families
Sunday, November 18, 2007
The Views, is another Emaar project, strategically located next to The Greens. It focuses on spacious and comfortable living at an affordable price. The views are so designed, that they offer eye-catching views of the prestigious Emirates Golf Club and the surrounding waterways. With a high-quality finish, most properties of The Views are already complete, while other sub-developments too will soon be completed.
Designed to be a master-planned community for young professionals and families, The Views, are a spacious community with all the necessary amenities that one would look for to be self-contained. The picturesque views that the development offers is a strong selling point. Emaar also offers a wide range of high-rises and low-rises, apart from Riviera-inspired townhouses within the development for the residents to choose from.
With studios, single, double and triple bedroom apartments to choose from, The Views are just the right choice for those looking at high-quality living and convenience.
Designed to be a master-planned community for young professionals and families, The Views, are a spacious community with all the necessary amenities that one would look for to be self-contained. The picturesque views that the development offers is a strong selling point. Emaar also offers a wide range of high-rises and low-rises, apart from Riviera-inspired townhouses within the development for the residents to choose from.
The other features that make up The Views community are The Fairways, Arno, Golf Tower, Travo, Turia, Links and Una. Other amenities include gyms, sport courts, swimming pools, underground covered parking, play areas, shopping areas, parks, barbeque areas, and 24 hours security.The Views are located in close proximity to the Sheikh Zayed Road, with Dubai Media City, shopping malls, beaches, and five star hotels positioned only short distance away.
With studios, single, double and triple bedroom apartments to choose from, The Views are just the right choice for those looking at high-quality living and convenience.
Labels: Apartments, Community, Emmar, Residential, Townhouses
Nagarjuna Construction forays into Dubai Realty market with Dh.1.5bn NCC Harmony
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.
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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
Emaar to host sales of Platinum Collection homes in Downtown Burj Dubai
Saturday, November 17, 2007
Emaar Properties, one of the largest real estate companies in the world, has announced that they are hosting a special sales roll-out on 17th November 2007, for its Platinum Collection, the high-end homes located in Downtown Burj Dubai. The show would be hosted at 'The Palace Hotel', in Old Town, Downtown Burj Dubai.
The Platinum Collection of homes that are chosen from various residential developments within the mega-development project, comprise a range of amenities, such as high-end retail outlets, health and fitness facilities, swimming pools and children's play areas.
The Sales Director of Emaar, Saif Al Mansoori, said that these homes are chosen due to their superior standards of product quality, and also represent the luxurious living in the Downtown Burj Dubai, which would attract numerous interested buyers who are eagerly seeking a unique home experience.
Various financial institutions are offering easy home finance options for these residences. Emaar's flagship real estate project, Downtown Burj Dubai, is a mixed-use residential and commercial community, which includes hotel, shopping, leisure and entertainment, surrounded by open green spaces, lakes and other water features.
Till date, numerous homes have been already handed over to customers, and three luxury hotels have already got functional within the Downtown development.
Social BookmarkingThe Platinum Collection of homes that are chosen from various residential developments within the mega-development project, comprise a range of amenities, such as high-end retail outlets, health and fitness facilities, swimming pools and children's play areas.
The Sales Director of Emaar, Saif Al Mansoori, said that these homes are chosen due to their superior standards of product quality, and also represent the luxurious living in the Downtown Burj Dubai, which would attract numerous interested buyers who are eagerly seeking a unique home experience.
Various financial institutions are offering easy home finance options for these residences. Emaar's flagship real estate project, Downtown Burj Dubai, is a mixed-use residential and commercial community, which includes hotel, shopping, leisure and entertainment, surrounded by open green spaces, lakes and other water features.
Till date, numerous homes have been already handed over to customers, and three luxury hotels have already got functional within the Downtown development.
Labels: Downtown, Luxury Homes, Residential, Sales
Al Moosa plans UAE expansion
Friday, November 16, 2007
Al Moosa Enterprises, the owner and operator of Golden Sands Hotel Apartments in Dubai, announced plans to open other properties under the same brand name in Sharjah, Fujairah and Abu Dhabi.
The current portfolio of Al Moosa comprises serviced apartments with 11 Golden Sands, 3 Silver Sands, and an inventory of 1800 accommodation units.
The General Manager of Golden Sands, Mohammad Khoori, said at present Al Moosa plans to have atleast one Golden Sands in Sharjah, Abu Dhabi and Fujairah.
Khoori added that the group also plans to invest in several other new hotels, managed by international chains, while the negotiations are also on for management contract for a four-star hotel in Jumeirah Beach Residence, and a five-star hotel in Palm Jumeirah.
Apart from this, Al Moosa is also the owner of two Hilton-managed properties, and one Four Points Sheraton hotel, which is operated by Starwood in Dubai.
Social BookmarkingThe current portfolio of Al Moosa comprises serviced apartments with 11 Golden Sands, 3 Silver Sands, and an inventory of 1800 accommodation units.
The General Manager of Golden Sands, Mohammad Khoori, said at present Al Moosa plans to have atleast one Golden Sands in Sharjah, Abu Dhabi and Fujairah.
Khoori added that the group also plans to invest in several other new hotels, managed by international chains, while the negotiations are also on for management contract for a four-star hotel in Jumeirah Beach Residence, and a five-star hotel in Palm Jumeirah.
Apart from this, Al Moosa is also the owner of two Hilton-managed properties, and one Four Points Sheraton hotel, which is operated by Starwood in Dubai.
Labels: Real Estate Company, Real Estate News, UAE
Champions Tower III meets hundred percent sales
Thursday, November 15, 2007
A leading Dubai-based property developer, Memon Investments, has announced sale of all its units in its Champions Tower III, worth $39.5million.
The residential tower project, situated in Dubai Sports City, has generated huge buyer-interest from international and regional markets. According to Memon, the overwhelming success of the project is due to the extensive marketing campaigns held by the company throughout Europe, Asia and Middle East.
The hi-tech contemporary architectural design of the tower has also caught attention of the eye of the investors. The sixteen storey residential tower provides a choice of 256 elegant units comprising single bedroom, studios, and double bedroom apartments. The development also includes a communal swimming pool, health club, roof top juice bar, steam and sauna facilities, and separate gyms for men and women.
Spreading over a built-up area of 250,000 square feet, the tower includes three hi-speed elevators, covered parking on ground floor, apart from basement parking, 24 hours security, concierge and valet parking services and in-house maintenance team.
Located at a walking distance from the luxurious residential property are world-class academies, stadia, religious and healthcare facilities, religious facilities, and posh cafes and restaurants, and a shopping mall with a sports-theme.
Social BookmarkingThe residential tower project, situated in Dubai Sports City, has generated huge buyer-interest from international and regional markets. According to Memon, the overwhelming success of the project is due to the extensive marketing campaigns held by the company throughout Europe, Asia and Middle East.
The hi-tech contemporary architectural design of the tower has also caught attention of the eye of the investors. The sixteen storey residential tower provides a choice of 256 elegant units comprising single bedroom, studios, and double bedroom apartments. The development also includes a communal swimming pool, health club, roof top juice bar, steam and sauna facilities, and separate gyms for men and women.Spreading over a built-up area of 250,000 square feet, the tower includes three hi-speed elevators, covered parking on ground floor, apart from basement parking, 24 hours security, concierge and valet parking services and in-house maintenance team.
Located at a walking distance from the luxurious residential property are world-class academies, stadia, religious and healthcare facilities, religious facilities, and posh cafes and restaurants, and a shopping mall with a sports-theme.
Labels: Dubai Sports City, Residential, Sales
KM Properties signs deal with Amlak Finance
KM Properties has entered into a deal with Amlak Finance, to provide its investors and home owner's the option of offering mortgages for 85% of their properties.
KM Properties had earlier entered into financing deals with National Bank of Dubai (NBD). The finance options are now made available for the new launch by KM Properties, the TAMANI Arts Offices development at Business Bay in Dubai.
TAMANI Arts Offices is an iconic mixed-use development complex in Business Bay, comprising 20 storey tower near Burj Dubai, with 32% of tower's units sold at the show.
Another recent launch by KM Properties, the Artisan Cluster in Business Bay, worth Dh.1.3bn, announced during the Cityscape Dubai 2007 exhibition, has earned 111% capital gain.
The Executive Director and Co-Founder of KM Properties, Khulood Abdulla Al Rostamani, has announced that the company is offering further incentives to those investors who reserve units during the first phase of public sale, and these incentives will be compounded by the company's easy financing options, provided by NBD and Amlak.
Social BookmarkingKM Properties had earlier entered into financing deals with National Bank of Dubai (NBD). The finance options are now made available for the new launch by KM Properties, the TAMANI Arts Offices development at Business Bay in Dubai.TAMANI Arts Offices is an iconic mixed-use development complex in Business Bay, comprising 20 storey tower near Burj Dubai, with 32% of tower's units sold at the show.
Another recent launch by KM Properties, the Artisan Cluster in Business Bay, worth Dh.1.3bn, announced during the Cityscape Dubai 2007 exhibition, has earned 111% capital gain.
The Executive Director and Co-Founder of KM Properties, Khulood Abdulla Al Rostamani, has announced that the company is offering further incentives to those investors who reserve units during the first phase of public sale, and these incentives will be compounded by the company's easy financing options, provided by NBD and Amlak.
Labels: Mortgages, Real Estate News
City of Arabia developer arranges finance options
Wednesday, November 14, 2007
The Ilyas & Mustafa Galadari Group, the developers of a landmark residential and commercial development City of Arabia, in Dubailand, have entered into a deal with Dubai Islamic Bank (DIB) for financing options for their City of Arabia project.
The Chairman of the Group, Ilyas Galadari, said that the MOU is an important step forward in realizing their desire to provide Islamic financing to investors in City of Arabia. With a range of properties ranging from the Wadi Walk residential apartments to the Mall of Arabia, investors get an easy access to a wide range of financial options.
The Senior Vice President of Retail and Business Banking Services, DIB, Mohammad Ameery, expressing his excitement regarding the deal, mentioned that the City of Arabia developed by the group includes houses that are unique and modern in the UAE.
As per the MOU, the Dubai Sports City and DIB will exchange information pertaining to the property market, and other relevant information, that contributes in developing the country's property sector. The signing of the MOU is coincidental with the DIB's vision in meeting the customer requirements who wish to acquire properties in City of Arabia.
Social BookmarkingThe Chairman of the Group, Ilyas Galadari, said that the MOU is an important step forward in realizing their desire to provide Islamic financing to investors in City of Arabia. With a range of properties ranging from the Wadi Walk residential apartments to the Mall of Arabia, investors get an easy access to a wide range of financial options.
The Senior Vice President of Retail and Business Banking Services, DIB, Mohammad Ameery, expressing his excitement regarding the deal, mentioned that the City of Arabia developed by the group includes houses that are unique and modern in the UAE.
As per the MOU, the Dubai Sports City and DIB will exchange information pertaining to the property market, and other relevant information, that contributes in developing the country's property sector. The signing of the MOU is coincidental with the DIB's vision in meeting the customer requirements who wish to acquire properties in City of Arabia.
Labels: City-of-Arabia, Mortgages, Real Estate Company
The Jumeirah Park - community of family villas
The Jumeirah Park , together with Nakheel's Jumeirah Islands are a community of family villas in beautiful surroundings, specifically designed to offer environmentally friendly living in the heart of new development area. The Park, located in close proximity to the emirates Golf Club, is easily accessible from Emirates Road and Sheikh Zayed Road.
With a wide choice of 2000 odd three, four and five bedroom villas, built within and eco-friendly environment, the Jumeirah Park is a project that is appealing to public. The villas have a wide range of sizes ranging from 3569 square feet to 5479 square feet of space, and each of these comes with its own Private Garden, Standard Private Pool, Car Ports, and a Standard Private Pool for larger villa categories.
The villas have the latest in communications, internet and entertainment. The villas are finished to the highest standard, and include the best facilities and luxury fittings within the community. With landscaped gardens and parks spread throughout the entire development, residents get to enjoy cycling and jogging as there are tracks for these events, and sufficient room for outdoor seating and exercise areas.
The development also features community center with cafes, shops and a pharmacy, as well as restaurants, shopping center and a promenade. There are also quite a few mosques, play areas and a kindergarten on the site.
The Jumeirah Park community promotes quality living in a healthy environment, with additional green measures such as the energy saving designs for villas, recycling, water features, and reduction in land, water, air and noise pollution. Residents at Jumeirah Park get to interact closely with nature, while also sustaining a good quality lifestyle.
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With a wide choice of 2000 odd three, four and five bedroom villas, built within and eco-friendly environment, the Jumeirah Park is a project that is appealing to public. The villas have a wide range of sizes ranging from 3569 square feet to 5479 square feet of space, and each of these comes with its own Private Garden, Standard Private Pool, Car Ports, and a Standard Private Pool for larger villa categories.
The villas have the latest in communications, internet and entertainment. The villas are finished to the highest standard, and include the best facilities and luxury fittings within the community. With landscaped gardens and parks spread throughout the entire development, residents get to enjoy cycling and jogging as there are tracks for these events, and sufficient room for outdoor seating and exercise areas.
The development also features community center with cafes, shops and a pharmacy, as well as restaurants, shopping center and a promenade. There are also quite a few mosques, play areas and a kindergarten on the site.
The Jumeirah Park community promotes quality living in a healthy environment, with additional green measures such as the energy saving designs for villas, recycling, water features, and reduction in land, water, air and noise pollution. Residents at Jumeirah Park get to interact closely with nature, while also sustaining a good quality lifestyle.
Labels: Community, Luxury Homes, Villa Projects, Villas in Jumeira
Despite peak construction boom, Abu Dhabi still faces housing shortage?
Tuesday, November 13, 2007
In a city, such as Abu Dhabi, which is so full of new real estate projects and in peak of construction boom, it is a startling fact to note that thousands are left struggling to find suitable properties to rent, reports Gulf News.
According to Property Consultant and Director of Global Hills, Diana Stebbins, a solution to this property hunt would finally be found during 2009, when people could buy and move into their own accommodation. However, for now, the villas are divided into four or six partitions for accommodation of bachelors and dual occupancy units.
The landlords and developers are taking full advantage of the current demand for housing, and have found this as a suitable opportunity to increase rent rates and prices.
A resident, who has been residing in Abu Dhabi for the past thirteen years, says that during the past two years, it has been shocking to note that some places have even doubled in rent rates. On the other hand, the landlords do not have much property to rent, as during the past. Even in case the property is available, it is sold out or rented within 24 or 48 hours.
The Abu Dhabi Chamber of Commerce and Industry has made it clear that the housing situation in only going to get worse, as by 2008, atleast 13,000 units would be required to keep pace with the demand.
Although, the endless campaign ads by development companies, gives a ray of hope initially that the demand may level out supply, a closer look would reveal that such properties are mostly businesses, hotels or housings meant for 'only' the upper-class who could afford to pay atleast Dh.15,000 to 20,000 a month for a "modern" single bedroom apartment.
This way, an average foreigner, moving into Abu Dhabi, hoping to live in a decent apartment and saving the extra money, is left in the lurch, as for those with an average income of Dh.12,000 a mo
According to Property Consultant and Director of Global Hills, Diana Stebbins, a solution to this property hunt would finally be found during 2009, when people could buy and move into their own accommodation. However, for now, the villas are divided into four or six partitions for accommodation of bachelors and dual occupancy units.
The landlords and developers are taking full advantage of the current demand for housing, and have found this as a suitable opportunity to increase rent rates and prices.
A resident, who has been residing in Abu Dhabi for the past thirteen years, says that during the past two years, it has been shocking to note that some places have even doubled in rent rates. On the other hand, the landlords do not have much property to rent, as during the past. Even in case the property is available, it is sold out or rented within 24 or 48 hours.
The Abu Dhabi Chamber of Commerce and Industry has made it clear that the housing situation in only going to get worse, as by 2008, atleast 13,000 units would be required to keep pace with the demand.
Although, the endless campaign ads by development companies, gives a ray of hope initially that the demand may level out supply, a closer look would reveal that such properties are mostly businesses, hotels or housings meant for 'only' the upper-class who could afford to pay atleast Dh.15,000 to 20,000 a month for a "modern" single bedroom apartment.
This way, an average foreigner, moving into Abu Dhabi, hoping to live in a decent apartment and saving the extra money, is left in the lurch, as for those with an average income of Dh.12,000 a mo