Memon initiates work on Gardenia I & II project
Saturday, April 04, 2009
The leading Dubai-based property developer, Memon Investments, has begun construction on the Dh.150mn worth Gardenia I & II projects, located in Jumeirah Village.Memon had recently announced awarding of the shoring and excavation contract to International Foundation Group (IFG). The elevator contract was awarded to Shanghai & Arabian Electromechanical.
According to Rizwan Shaikhani, the joint Managing Director from Memon Investments, the uniqueness and quality incorporated into the Gardenia I & II projects, will add to the growing reputation of Jumeirah Village, making it a highly desirable mixed-use destination.
The 'Gardenia I & II' project is a mix of residential, commercial, and retail spaces, featuring residential apartments, including studios, single bedroom, double bedroom and loft apartments, with retail units on the ground floor.
Spread across 811 hectares, the integrated master community, Jumeirah Village is a mixed-use development, which on completion, would include residential and business units, international schools, retail outlets, hospitals, shopping malls, parks, sports fields, boulevards, cafes, restaurants and mosques.
Labels: Apartments, Community, Jumeriah Village
Manhattan Luxury Apartments at Jumeirah Village on track
Thursday, February 19, 2009
Al Fara'a Properties yesterday confirmed that the company is making steady progress towards timely completion of its Manhattan Luxury Apartments project, despite the current market dynamics.The company revealed that it has successfully poured 7500 cubic metres of concrete for 50 hours, covering 46,500 square feet for the basement level of Manhattan Development in Jumeirah Village.
The 12-metre cavity, with high density supports and piling, will house the basements and foundation of a signature collection of the New York-inspired apartments, comprising studios, single, double and triple bedroom units.
Manhattan Luxury Apartments offers high-quality apartments with signature amenities designed to offer a healthy lifestyle to its residents. The amenities include world-class gymnasium, swimming pools, sauna and steam facilities, and well-equipped children play area.
Majority of projects that are currently in progress in Jumeirah Village are that of Al Fara'a Properties. The Le Grand Chateau which won the CNBC Arabia's best development award is also one among the projects nearing completion by Al Fara'a.
The Director of Al Fara'a Properties, Natasha Gangaramani, when speaking about the scheduled delivery of the apartments, mentioned that the company has deployed 1200 strong workforce, which constitute a team of experts who would lead the project into successful completion.
With a planned property portfolio worth Dh.10bn, Al Fara'a Properties has launched successfully several residential, mixed-use and commercial developments spreading across Jumeirah Village, Downtown Jebel Ali and Dubai Maritime City.
Labels: Apartments, Construction Projects, Jumeriah Village
Indian nationals top list of villa-owners in Dubai
Monday, February 09, 2009
Majority of the villas in Dubai are occupied by Indian nationals, while Britons form majority of apartment owners in Dubai. This is as per the statistics revealed by the Dubai Land Department (DLD).
Out of the total 13,774 apartments registered with the Land Department between the period 1963 to 2008, Britons own 2755 units, which constitute 20% of the units. This is followed by Indians and Pakistanis sharing the second position with 14% ownership. The third in line are the Iranians with 11% ownership.
Indians are the top-most in the list of villa buyers, with 21% ownership, which constitute 932 villas out of 4436 villas registered by DLD. This is followed by Britons with 17% ownership, and 12% ownership by Pakistanis.
UAE nationals hold ownership of only 4% of apartments and 6% villas in the emirate, reveal statistics.
However, when considering the total number of landowners in Dubai, 73% are UAE nationals, while Indians and Britons own only 3% and 2% of the land in the emirate.
Out of the total 13,774 apartments registered with the Land Department between the period 1963 to 2008, Britons own 2755 units, which constitute 20% of the units. This is followed by Indians and Pakistanis sharing the second position with 14% ownership. The third in line are the Iranians with 11% ownership.
Indians are the top-most in the list of villa buyers, with 21% ownership, which constitute 932 villas out of 4436 villas registered by DLD. This is followed by Britons with 17% ownership, and 12% ownership by Pakistanis.
UAE nationals hold ownership of only 4% of apartments and 6% villas in the emirate, reveal statistics.
However, when considering the total number of landowners in Dubai, 73% are UAE nationals, while Indians and Britons own only 3% and 2% of the land in the emirate.
Labels: Apartments, Dubai Real Estate, Real Estate News
Nakheel unveils Forbidden City in Dubai
Tuesday, October 28, 2008
The Dubai-based master real estate developer, Nakheel, yesterday unveiled the 'Forbidden City' in the Dubai International City.Being home to 4000 low-rise studio, single and double bedroom apartments, work on Dubai's Fobidden City will commenced in April 2008 and will be complete by April 2011.
Drawing inspiration from the legendary Royal Court Palance of Imperial China, the Forbidden City will offer an extensive range of community amenities, further enhanced by a series of leisure and retail offerings at the Dragon Mart and International City. At the heart of the development will be a landscaped vista, leading to Ornate Grand Mosque, the spiritual centerpiece of the community.
The City will feature about 50 retail stores including internet cafes, food outlets, restaurants and boutiques. The residents get to enjoy the proximity to Dragon Mart, offering a wide range of Chinese merchandise, and a range of affordable accommodation options in an accessible living environment.
The Residential District of the project is divided into 10 themed communities representing France, England, China, Italy, Greece, Persia, Russia, Italy, Morocco and Spain.
Located adjacent, is the Lake District, the residential community, which shares wonderful views of Al Warsan Lake, one of the few freshwater wetlands in the UAE. The lake houses about 190 species of birds, including the rarest birds known to Arabian Peninsula and its neighboring regions.
Nakheel has taken precautions to ensure the long-term protection of this habitat, and suitable amenities are being planned that will enable the public to enjoy the wildlife here.
According to Eng. Rashid Al Helli, Director, International City, the low-rise residential community will be unique in its design and has been well-planned to taking into consideration all aspects required by the residents in terms of leisure and retail amenities, to build a thriving and sustainable community.
Labels: Apartments, Community, International City, Nakheel
Sunland rejoices over successful sale of Nur residences within weeks of launch
Friday, August 15, 2008
The Sunland group has successfully sold about 86 percent of their 'Nur' residences, within two months of launch. This implies that about 165 out of the 191 single and double bedroom apartments, worth Dh.592.88mn have been successfully sold by the group.The Arabic translation of 'Nur' meaning 'light' is a 27 storey boutique residential tower located within the Culture Village, facing the Gardens of Goodwill. Launched on 10th June 2008, only 26 of the apartments remain for sale.
The apartments of Nur range from 767 square feet for a single bedroom apartment, to 1412 square feet for a double bedroom, with additional space for private balconies. The development has two penthouses, split over level 26 and 27 of the tower.
The residents can enjoy exclusive amenities located on the fourth floor, including an outdoor private swimming pool, which stretches across 20 meters, landscaped outdoor gymnasium and terrace. The prices at Nur begin with Dh.2mn for a fully furnished single bedroom apartment.
The Managing Director and Founder of Sunland Group, Suhail Abedian, pointed out that the demand for the Nur residences have been quite strong, ever-since the talk about the development began during its inception stages. A lot of young professionals and families have shown interest in the development with local and Middle Eastern investors.
The development, worth Dh.725mn, is the third scheme in Dubai by the Sunland Group, and is a proof of the growing success of the developer's expansion within the UAE, owning a local portfolio of more than Dh.13bn.
The success of Nur, follows the earlier launches by the developer, such as the D1 and Palazzo Versace, both of which are also in Culture Village.
Labels: Apartments, Cultural-Village, Residential, Sales
Baani launches iDubai, maiden project at Maritime City
Saturday, July 26, 2008
Baani, the Indian developer, together with Gowealthy.com, launched their first project in the UAE, iDubai, worth Dh.1.5bn in Dubai Maritime City.
Located at the Harbour Residences, the iDubai of Dubai Maritime City comprises two 50 storey towers - the Sky Tower and iTower, offering retail space spreading across 10,000 square feet, and commercial space of 40,000 square feet.
The Bhatia President, Virendra Bhatia, said that the iDubai resembles the Flatiron building in New York City, due to its sleek, slim shape.
The seven storey atrium and five storey podium parking in each tower offer sea views from all apartments. Comprising seven single and double bedroom apartments in each floor, the iTower has it single bedroom units spreading across 1050 Sq.Ft. to 1425 Sq. Ft. of space, while its double bedroom units spread across 1720 Sq. Ft. to 1990 Sq. Ft. of space.
The Sky Tower includes three bedroom sky villas with each villa measuring 3820 Sq. ft. on each floor. Each villa houses an infinity pool in the top floor.
The Phase two of iDubai includes garden villas ranging from 3200 sq. ft. to 4100 sq. ft. apart from eight townhouses.
Located at the heart of Dubai Maritime City, iDubai is a true example of modern waterfront living. Apart from the retail outlets and terraced gardens, other amenities for residents include tennis court, fitness center, swimming pools, spa, library, business center, and guest suite. All units include the latest in IT communications technology, apart from 10 storey parking area, and 24 hour security and maintenance.
Labels: Apartments, Luxury Homes, Villa Projects
ACW unveils Platinum Two -freehold residential project at Dubailand
Friday, July 25, 2008
ACW Holdings, the leading developer, yesterday launched their latest development worth Dh.200mn at Dubailand, promising to offer investors with annual returns of 45 percent.
The freehold residential and serviced apartments project, 'Platinum Two', located in Arjan in Dubailand, spreads across a built-up area of 164,598 square feet of landspace. It comprises a total of 254 apartments, 220 studios, and 34 single bedroom apartments and 19 retail shops.
About 45 percent of these are investment based on tourist arrivals, which is anticipated to be 15mn annually by 2010. Reports state that growth of tourism in the Middle East is likely to grow on an average of 7.1 percent until 2020, with the rest of the world lagging behind on an average of 4.1 percent annually. Tourism accounts for 18 percent of direct GDP in Dubai, out of the Dh.198bn growth in 2007.
The Platinum Two development, although a purely freehold project, the units are rented on daily, weekly and monthly basis, and the income is collected. After removal of the costs, investors can get back 60 percent of the net income.
According to Ian Pask, the General Manager, ACW Holdings, the development is definitely not a timeshare. The apartments are never let out, while investors receive and income. The company has sold about 1000 units of this kind already, in other developments of the company, and only six of these have been returned.
ACW Holdings owns a portfolio worth Dh.5bn in the UAE, including the Knightsbridge Court and Kensington Manor residential apartments and Hanover Square serviced apartments. This is further likely to expand to Dh.20bn within three years.
ACW Holdings has also launched Dh.1.3bn project on Marjan Island in Ras Al Khaimah and two other projects in Ajman. The Company also plans to launch 1400-unit hotel resort development in Ajman during October.
The freehold residential and serviced apartments project, 'Platinum Two', located in Arjan in Dubailand, spreads across a built-up area of 164,598 square feet of landspace. It comprises a total of 254 apartments, 220 studios, and 34 single bedroom apartments and 19 retail shops.
About 45 percent of these are investment based on tourist arrivals, which is anticipated to be 15mn annually by 2010. Reports state that growth of tourism in the Middle East is likely to grow on an average of 7.1 percent until 2020, with the rest of the world lagging behind on an average of 4.1 percent annually. Tourism accounts for 18 percent of direct GDP in Dubai, out of the Dh.198bn growth in 2007.
The Platinum Two development, although a purely freehold project, the units are rented on daily, weekly and monthly basis, and the income is collected. After removal of the costs, investors can get back 60 percent of the net income.
According to Ian Pask, the General Manager, ACW Holdings, the development is definitely not a timeshare. The apartments are never let out, while investors receive and income. The company has sold about 1000 units of this kind already, in other developments of the company, and only six of these have been returned.
ACW Holdings owns a portfolio worth Dh.5bn in the UAE, including the Knightsbridge Court and Kensington Manor residential apartments and Hanover Square serviced apartments. This is further likely to expand to Dh.20bn within three years.
ACW Holdings has also launched Dh.1.3bn project on Marjan Island in Ras Al Khaimah and two other projects in Ajman. The Company also plans to launch 1400-unit hotel resort development in Ajman during October.
Labels: Apartments, Dubailand, Freehold Property
Durar 1 residential twin tower unveiled in Dubailand
Monday, July 07, 2008
Durar Properties, a UAE-based developer, together with Abu Dhabi-based 'Ali and Sons' and other Saudi groups, has launched its first joint venture residential project, Durar 1 twin tower, worth Dh.250mn in Dubailand.
Spreading across 63,000 Square Feet, Durar 1 is a 19-storey twin tower development at Residence Complex in Dubailand. Comprising 236 units of single, double and triple bedroom apartments, the prices begin from Dh.1050 per Square Foot to Dh.1175 per Square foot on the 19th floor.
Ideally located at the region's largest tourism, leisure, entertainment and lifestyle destination, Dubailand, Durar 1 promises the ultimate in contemporary living.
The tower has been designed as a family-friendly development, which is evident when one glances at the positioning of its facilities and the comfort and security that it offers to the homeowners. Several financing options too are on the offer to ensure total satisfaction and reassurance to customers, said Miqdadi, the General Manager, Durar Properties.
Durar 1 is a freehold real estate project in Dubai, and includes sky gardens, temperature-controlled roof-top pools, high-speed elevators, reception lobby, sauna and steam rooms, gymnasium rooms, round-the-clock concierge facilities, children play area and nursery, excellent communication amenities and ample parking space.
The General Manager of Durar Properties, Mohammad Miqdadi, said the company is planning for Durar 2 and Durar 3.
Durar 2 will be a commercial building in Jumeirah Village, and will be launched during the next three months. Durar 2 is worth around Dh.190mn to Dh.200mn. The construction of Durar 3 will commence in the next two to three months time and will take 22 months for completion.
Construction of Durar 1 commenced in May 2008 and is due to be completed in December 2009.
To further enhance its portfolio, Durar Properties has entered into a partnership with Ali and Sons, and Durar 1 is the result of this collaboration. Durar Al Emarat Properties will operate and manage properties, apart from purchase and sale of land, property maintenance, property leasing, carrying on feasibility study as and when required.
Construction of Durar 1 commenced in May 2008 and is due to be completed in December 2009.
To further enhance its portfolio, Durar Properties has entered into a partnership with Ali and Sons, and Durar 1 is the result of this collaboration. Durar Al Emarat Properties will operate and manage properties, apart from purchase and sale of land, property maintenance, property leasing, carrying on feasibility study as and when required.
Labels: Apartments, Dubailand, Freehold Property, Residential
Dubai houses world's first revolving 'Dynamic Tower'
Saturday, June 28, 2008
Dubai now houses the world's first revolving, pre-fabricated tower, worth $3billion, designed by the Italian Architect, David Fisher. The 'Dynamic Tower' comprising 80 storey will be 420 meters tall.
Located on Shaikh Zayed Road, the Dynamic Tower will spread across an area of 1.2million Square Feet. The tower is said to have a central core for lifts, and there are lifts particularly for cars, hence it is possible for residents to drive into their apartments.
The Dynamic Tower is a slender, rotating skyscraper, with its luxury apartments being energy-self-sufficient. The tower offers endless design possibilities, with each floor rotating independently so as to form a building that constantly changes shape, and results in a unique, ever-evolving structure. Each rotating floor will have horizontal wind turbines, so that the towers can generate sufficient energy to power the other five towers of same size.
The tower will be pre-fabricated with parts made in Italy, and the time will be considerably reduced.
Fisher says "It takes only six days for completion of one floor, as against six weeks taken to complete a floor of traditional building."
It has been estimated that it will take about 20 months for completing the Dynamic Tower. It is said that a similar tower is also being planned at Moscow, followed by New York.
Located on Shaikh Zayed Road, the Dynamic Tower will spread across an area of 1.2million Square Feet. The tower is said to have a central core for lifts, and there are lifts particularly for cars, hence it is possible for residents to drive into their apartments.
The Dynamic Tower is a slender, rotating skyscraper, with its luxury apartments being energy-self-sufficient. The tower offers endless design possibilities, with each floor rotating independently so as to form a building that constantly changes shape, and results in a unique, ever-evolving structure. Each rotating floor will have horizontal wind turbines, so that the towers can generate sufficient energy to power the other five towers of same size.
The tower will be pre-fabricated with parts made in Italy, and the time will be considerably reduced.
Fisher says "It takes only six days for completion of one floor, as against six weeks taken to complete a floor of traditional building."
It has been estimated that it will take about 20 months for completing the Dynamic Tower. It is said that a similar tower is also being planned at Moscow, followed by New York.
Labels: Apartments, Latest News, Luxury Homes
Triple Towers - a Dh 500mn project launched in Ajman
Saturday, June 21, 2008
An Abu Dhabi-based developer, Saleh Amer Al Katheeri, together with International Capital Trust (ICT), the German investors, have launched a Dh.500mn project - Triple Towers at Park View development in Ajman.
Being a cluster of three towers, it includes 1160 units comprising studio, single, and double bedroom apartments, spread across a built-up area of 65,400 square meters.
The Chairman of High Sky Properties, Saleh Amer Al Katheeri, said "These are being offered at a pre-launch price of Dh.465 to Dh.480 per square feet, which is an attractive option for investors. The total value of the project exceeds Dh.500million. We see strong investor response for these projects."
The construction of the development is likely to begin in August and will be ready by end of 2010.
High Sky plans to launch a 120-plot residential community in Ajman within next five years, and is aiming a portfolio of more than Dh.37billion ($10billion).
In the meanwhile, there is increasing concern about the shortage of power supply on completion of the buildings. But, Katheeri has assured that the government has promised a steady power supply, and in case of any shortage, a generator will be installed to power the buildings.
Located just thirty minutes from Dubai, it is easily accessible to Dubai Media City, Dubailand, and Dubai Internet City. Residents can have an easy access to major roads such as the Emirates road and Sheikh Zayed Road.
ICT is a new German investment house established for conception and marketing of closed-end funds and leading investment vehicles. High Sky Properties is a local developer, which brings in affordable apartments to expatriate population.
Labels: Ajman, Apartments, Residential
ICD unveils new iconic 36-storey mixed-use development One Za'abeel
Sunday, June 15, 2008
Investment Corporation of Dubai (ICD) has launched an iconic 36-storey mixed-use development One Za'abeel at the World Trade Center roundabout.
One Za'abeel has been rightly named, as it is strategic ally positioned between the old and new business districts in the Sheikh Zayed Road of Dubai. Comprising three separate towers, One Za'abeel will be interlinked at the top, and will share a common podium at the base. It is for the first time in the region that a highway will run through the development. One Za'abeel will offer easy access to both Metro stations.
The retail area, covering 270,000 square feet, will have a retail podium that connects the three towers at the ground level. One Zaabeel will have a car parking space for 2300 cars.
Construction of the project is likely to begin shortly and will be complete during early 2011. Due to its prime location on the Sheikh Zayed road, One Za'abeel will turn out to be a symbol of Dubai's rich trading roots, and will rapidly rise to be a modern international financial and business hub. One Za'abeel is planned such that it turns out to be an environment-friendly project, abiding by the green buildings initiative launched by Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and ruler of Dubai.
One Za'abeel has been rightly named, as it is strategic ally positioned between the old and new business districts in the Sheikh Zayed Road of Dubai. Comprising three separate towers, One Za'abeel will be interlinked at the top, and will share a common podium at the base. It is for the first time in the region that a highway will run through the development. One Za'abeel will offer easy access to both Metro stations.
The unique residential tower will include 450 apartments, a 370-room five-star hotel tower, and a commercial tower covering 500,000 square feet of space. The commercial tower too, will be interlinked at the top with 133 serviced apartments, and will feature a swimming pool, meeting rooms and other amenities making it an ideal hub for Dubai's business community.
The retail area, covering 270,000 square feet, will have a retail podium that connects the three towers at the ground level. One Zaabeel will have a car parking space for 2300 cars.
Construction of the project is likely to begin shortly and will be complete during early 2011. Due to its prime location on the Sheikh Zayed road, One Za'abeel will turn out to be a symbol of Dubai's rich trading roots, and will rapidly rise to be a modern international financial and business hub. One Za'abeel is planned such that it turns out to be an environment-friendly project, abiding by the green buildings initiative launched by Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and ruler of Dubai.
Labels: Apartments, Business Tower, New Developments
Sunland Group unveils Nur - a boutique residential tower
Saturday, May 31, 2008
The Sunland Group, a Dubai-based realty developer, has announced plans to unveil 'Nur', a Dh.725m, 27-storey completely furnished boutique residential tower, at Dubai's Culture Village. Being Sunland's third project, this project raises Sunland's portfolio to more than Dh.13bn.
'Nur', which implies 'light' in Arabic, follows the success of the company's earlier developments, D1 and Palazzo Versace, also in Culture Village.
The project is launched through joint-venture with London's Peacock Ventures Limited, and comprises 191 single and double bedroom apartments, two luxurious five bedroom penthouses, split at two levels. The sizes of the apartments vary from 767 square feet for a single bedroom apartment, to 1412 square feet for a double bedroom apartment, with additional private space for balcony.
The Founder and Managing Director of Sunland Group, Soheil Abedian, said "We have pre-sold about 70 percent of Nur, without any major marketing campaign, due to the cachet and quality of the apartments, the value for money, and the proven success track of the Sunland brand."
'Nur', which implies 'light' in Arabic, follows the success of the company's earlier developments, D1 and Palazzo Versace, also in Culture Village.
The project is launched through joint-venture with London's Peacock Ventures Limited, and comprises 191 single and double bedroom apartments, two luxurious five bedroom penthouses, split at two levels. The sizes of the apartments vary from 767 square feet for a single bedroom apartment, to 1412 square feet for a double bedroom apartment, with additional private space for balcony.
The Founder and Managing Director of Sunland Group, Soheil Abedian, said "We have pre-sold about 70 percent of Nur, without any major marketing campaign, due to the cachet and quality of the apartments, the value for money, and the proven success track of the Sunland brand."
Labels: Apartments, Cultural-Village, Penthouse, Residential
MAG 214 apartments at Jumeirah Lakes handed over to residents
Saturday, April 26, 2008
The Dubai-based real estate firm, MAG Group Property Development, has handed over the keys to residents of 306 apartments and penthouses at the MAG 214 building at Jumeirah Lakes Tower development on the Sheikh Zayed Road in Dubai.
MAG 214 is one of the several competitively budgeted buildings developed by the company to cater to the mid-range market, which is quite appealing to Dubai’s middle income families.
The 40 storey high-rise building tower with a structural height of 155mts, was completed in 2007, and comprises 312 apartments. Situated above Jumeirah Lakes, MAG 214 offers the lending edge of contemporary design to one of the most sought after residential developments in Dubai.
Each single, double and triple bedroom and penthouse apartment in the building is designed in a unique manner, allowing the resident's choice of living space to reflect their individual style. All apartments including the duplexes and penthouses are fitted with panoramic floor-to-ceiling windows. The landscaped gardens in the building include a swimming pool and children's pool.
The CEO of Mag Group Property Development, Mohammed Nimer, said "We excel in designing, finishing and customer satisfaction, and focus on delivering our promises."
Jumeirah Lakes Towers is a dynamic waterfront development with residential and office towers, apart from leisure, hotels and retail outlets.
MAG 214 is one of the several competitively budgeted buildings developed by the company to cater to the mid-range market, which is quite appealing to Dubai’s middle income families.
The 40 storey high-rise building tower with a structural height of 155mts, was completed in 2007, and comprises 312 apartments. Situated above Jumeirah Lakes, MAG 214 offers the lending edge of contemporary design to one of the most sought after residential developments in Dubai.
Each single, double and triple bedroom and penthouse apartment in the building is designed in a unique manner, allowing the resident's choice of living space to reflect their individual style. All apartments including the duplexes and penthouses are fitted with panoramic floor-to-ceiling windows. The landscaped gardens in the building include a swimming pool and children's pool.
The CEO of Mag Group Property Development, Mohammed Nimer, said "We excel in designing, finishing and customer satisfaction, and focus on delivering our promises."
Jumeirah Lakes Towers is a dynamic waterfront development with residential and office towers, apart from leisure, hotels and retail outlets.
Labels: Apartments, Jumeirah-Lake-Towers, Residential
GGICO launches Axis Residences Phase 2
Thursday, April 17, 2008
The Gulf General Investment Company (GGICO) a leading real estate and investment firm in Dubai has launched the second phase of its highly successful 'Axis Residences' at Dubai.
The Second Phase of Axis Residence towers boasts of high-level amenities, with all the towers featuring well-designed interiors, spacious balconies and terraces, apart from leisure packages which include pools, health clubs, gymnasiums, and open-air relaxation packages. Safety has been given the prime importance and the apartments are equipped with leading safety features including fire safety and alarm system, security system, smoke detection system and child-proof electrical switches. All the apartments are well-connected through intercom, and the MAT TV and satellite infrastructure offers world-class entertainment.
Leading real estate brokerage firm, Gowealthy.com, have been appointed as the leading sales agents to handle commercial sales and marketing of all the seven towers.
GIGCO has offered the investors with a tailor-made 7.5 year payment plan with initial booking deposit of 5% out of the value of the unit as the first installment, followed by another 5% of the value payable within 3 months of booking installments. The rest 90% is payable with equal 1% installments beginning October 2008, in 90 months time span.
The CEO of Gowealthy.com, Peter Penhall says "The initial payment plan during the first phase of the project was very successful with excellent draw for investors. The second phase of GGICO has again increased the bar, with their tailor made plan, which facilitates investors."
GGICO has a well-planned focused strategy for the future, and is poised to replicate its proven track record with successful master developments including Emirates Crown and Horizon Towers in Dubai Marina, Olympic Park in Dubai Sports City, first phase of Axis Residences due for completion towards end of 2008.
The first tower among the seven towers of this project is expected to be ready towards end of 2008, which further boosts the company’s commitment towards delivering an enhanced proposition with all its offerings.
Labels: Apartments
Iris launches its fourth project IRIS Asmar
Sunday, April 06, 2008
IRIS, the Dubai-based Indian property developer plans to boost its portfolio to Dh.5bn this year, through the launch of its latest project, 'IRIS Asmar', worth Dh.100million.
IRIS Asmar is a seven storey residential building in Cultural Village, which comprises eight triple-bedrooms and seven four bedroom apartments. This is the fourth project of the company in Dubai, which raises the current portfolio of the company to Dh.2.5bn.
'IRIS Asmar' is designed on the concept of Islamic Architecture, which will reflect the essence of Culture Village in terms of diversity and design, paying attention to detail. The tower symbolizes modern living, offering a panoramic view of Dubai. The special combination of privacy and space, coupled with exclusive finishes and unique synthesis of design and technology ensures that every apartment symbolizes perfection and a five-star lifestyle.
Located ideally in the heart of Culture Village, in close proximity to the Waterfront Canal, in close proximity to Dubai International Airport, Sheikh Zayed Road and Business Bay and Emirates Roads, the residents of IRIS Asmar get to enjoy paramount views of the waterfront development.
Among several other amenities at the complex, are high-speed internet facilities, ground floor retail space, advanced safety systems, high-speed elevators, 24-hour concierge, and access to Satellite Television, state-of-the-art fitness club, closed-circuit television, sauna, swimming pool, Jacuzzi, landscaped podium, and private parking spaces.
Each apartment within the property development feature private decorative latticed balconies, Arabian style gardens, rooftop swimming pools, and traditional Arabesque details with parapets and domes. The starting prices of apartments in Iris Asmar is Dh.2,835 per square foot, which is likely to go up to Dh.2,888 per square foot.
The Director, Iris Properties, Ashwin Sheth, says "With the fast-paced growth of the property market, the major concern is to find good contractors and consultants. Completion of project on time, is more challenging than selling the apartments."
He also revealed that two more projects are in pipeline, waiting to be launched this year. One is the launch of the development in Business Bay and Maritime City in April, which will increase the company's Dubai portfolio to Dh.5bn, spread across six projects, on four million square feet of land, including parking areas.
Labels: Apartments, Cultural-Village, New Developments, Residential
Mada'in Properties launches Dh.1.25bn Marina Arcade
Thursday, April 03, 2008
Mada'in Properties yesterday announced the launch of their Dh.1.25bn flagship project, Marina Arcade, at Dubai Marina, as an initiative to build a Dh.3bn portfolio in 2008.
The Marnia Arcade is a 60-storey tower, connected to a glass-roofed shopping arcade. Spreading across 950,125.68 square feet in area, it includes seven townhouses with Jacuzzis, and gardens on the Marina Arcade rooftop. It will include single, double, triple bedroom apartments, apart from duplexes and penthouses.
Among the other amenities are parking space capacity for 850 cars, a state-of-the-art gymnasium spread across three floors with each floor covering 38,000 square feet in area, a roof-top garden, jogging track, designer stores and cafes.
The project is expected to be complete by June 2011. The starting price of the apartments are Dh.2,050 per square feet from the sixth floor upwards.
The Marina Arcade is the first of the four projects, likely to be launched this year, with a combined value of Dh.3billion.
Abdul Aziz Al Awar, the Chief Executive Officer of Mada'in Properties, says "The Marina Arcade is an apt tribute to the vision of marina development, apart from Dubai's meteoric ambitions."
Labels: Apartments, Dubai Marina, Penthouse, Real Estate Projects
Nakheel's final Shoreline Apartments at Jumeirah released
Tuesday, March 11, 2008
Nakheel has announced the release of the final Shoreline Apartments, which could be the final opportunity to invest at The Palm Jumeirah.The apartments, which are located at the trunk of The Palm Jumeirah, are easily accessible to private beachfront clubhouses and are inclusive of amenities such as retail outlets, world-class fitness centers, swimming pools, direct access to white sandy beaches of the island.
The Trunk is connected by an innovative monorail system and houses numerous shopping destinations, hotels and cafes. The area is the core of activity with the entire 2500 Shoreline apartments already handed over. More than 1500 apartments have already been occupied by residents.
The five private beachfront clubhouses will be unveiled over the coming weeks.
The Director of Sales, Manal shaheen said, "This year will be a huge change for 'The Palm Jumeirah'. More than 2000 families are now residing on the island and more amenities are opening up at the development and it is no longer a concept."
Labels: Apartments, Nakheel, Palm Jumeirah
Triveni's La Fontana apartments launched in Dubai
Saturday, February 02, 2008
A new Dh.100mn worth La Fontana di Trevi apartments has been launched by Triveni Builders and Promoters Limited (TBPL) in Dubai.
The apartments, located in close proximity to the Arabian Ranches, just off the Emirates Road and Dubailand, is a six storey low-rise with state-of-the-art architecture. Being built in Chicago-style, with large "Chicago windows", these buildings possess distinctive bays, metal-frame construction and terra-cotta cladding. The stylish master-plan is expected to have a strong impact on the European, UK and US expats, who are more comfortable with the low-rises, the company mentioned in their statement.
Each apartment has the convenience of secure, covered parking, with modern fully equipped gym, walkways for the elderly, jogging tracks, and children's play area. Each floor is divided into twenty-one well-done apartments, comprising twelve single bedroom, three studios and six two bedroom apartments.
Being a part of Arjan Master Community, La Fontana includes schools, offices, residences, hotels, parks, retail and leisure. The complex is located within close proximity of the Mall of Emirates, the Diamond Park, Burj Al Arab Hotel, and is surrounded by retail and entertainment outlets, coffee shops, restaurants and parks.
The Chief Executive Officer of TBPL, Ashok Galgotia, said "We are proud to have contributed to the development of Dubai property sector, where there is an ever increasing demand for quality housing units and the La Fontana apartments that combines the latest architectural designs, with true definition of comfort and luxury, all in one, will bring about a tremendous change with an affordable option for quality living."
Mizin is the master developer of the project. Landmark projects such as the 'Dubai Eye', 'The Giant Dubai Wheel' etc., will be based in this community. The community will also house one of the largest "open air" amphitheatres for carrying out big events in Dubai.
The apartments, located in close proximity to the Arabian Ranches, just off the Emirates Road and Dubailand, is a six storey low-rise with state-of-the-art architecture. Being built in Chicago-style, with large "Chicago windows", these buildings possess distinctive bays, metal-frame construction and terra-cotta cladding. The stylish master-plan is expected to have a strong impact on the European, UK and US expats, who are more comfortable with the low-rises, the company mentioned in their statement.Each apartment has the convenience of secure, covered parking, with modern fully equipped gym, walkways for the elderly, jogging tracks, and children's play area. Each floor is divided into twenty-one well-done apartments, comprising twelve single bedroom, three studios and six two bedroom apartments.
Being a part of Arjan Master Community, La Fontana includes schools, offices, residences, hotels, parks, retail and leisure. The complex is located within close proximity of the Mall of Emirates, the Diamond Park, Burj Al Arab Hotel, and is surrounded by retail and entertainment outlets, coffee shops, restaurants and parks.
The Chief Executive Officer of TBPL, Ashok Galgotia, said "We are proud to have contributed to the development of Dubai property sector, where there is an ever increasing demand for quality housing units and the La Fontana apartments that combines the latest architectural designs, with true definition of comfort and luxury, all in one, will bring about a tremendous change with an affordable option for quality living."
Mizin is the master developer of the project. Landmark projects such as the 'Dubai Eye', 'The Giant Dubai Wheel' etc., will be based in this community. The community will also house one of the largest "open air" amphitheatres for carrying out big events in Dubai.
Labels: Apartments, Community, Residential
Deyaar launches Dh1.5bn Bristol Towers at Business Bay
Saturday, January 19, 2008
One of the region's fastest growing real estate companies, Deyaar, yesterday, unveiled Bristol Towers, a Dh.1.5bn twin tower project in Business Bay.With the inclusion of Bristol Towers, Deyaar has about a dozen projects in Business Bay. The properties of Deyaar, are one of the most sought-after in the development.
The Chief Executive of Deyaar, Zack Shahin, said "Bristol Towers are the jewel of the collection. This project is amongst the largest and most well-designed undertakings in Business Bay with excellent facilities. The trust posed on us, by our customers has motivated us to constantly deliver our commitments of ensuring transparency, quality and timely deliveries. "
The project features a residential block (Bristol Residency) and a commercial block (Bristol Executive). Comprising 29 storeys, the towers feature a refreshingly beautiful exterior that resembles an open book. The project spreads across an area of 623,680 square feet of space, and offers ample parking space with more than 1300 parking units.
Bristol Residency comprises studio, single, double and triple bedroom apartments, with well-designed office space, along with a host of facilities, such as a podium level garden with an outdoor sitting area, state-of-the-art IT facilities and security systems.
Deyaar is a leading developer in Business Bay, with most of its projects almost sold out, which includes, Metropolis, The Citadel, 51@Business Bay, Burlington, Fairview Residency, Oxford Tower and such others. Most of the developments of the company are much in demand on the secondary market as well, drawing customers from UAE and overseas.
The Bristol Residency and Bristol Executive clients get to avail themselves of many finance schemes from leading banks such as First Gulf Bank, Tamweel, National Bank of Dubai, Dubai Islamic Bank and Abu Dhabi Commercial Bank.
Labels: Apartments, Business Bay, Business Tower, Deyaar, Real Estate Projects
Bavaria launches Sandoval Apartments; signs loan agreement with Mashreq
Tuesday, December 25, 2007
The German boutique developer, Bavaria Gulf, has announced the launch of first phase of 'Sandoval Apartments' at Jumeirah Village, which had earlier made its grand entry into Dubai realty sector through the launch of 'Sandoval Townhouses'.
The project will consist of 165 mid-range apartments with high-quality German precision, certified by TUeV, the most stringent and independent quality evaluators in the world. With seven G+4 buildings, Sandoval Apartments will include 57 studio apartments, 17 two bedroom apartments, 81 single bedroom units, and 10 special duplex apartments. These apartments, which range from 680 to 2700 Square feet, will be sold at a high value driven prick bracket.
The Managing Director of Bavaria, Raymond Lefevre, said "Our previous launch of Sandoval Townhouses, proved to be a real eye opener for us. Now, Sandoval Apartments follows suit, offering high-quality, yet, luxurious, functional and value-driven realty concepts."
Bavaria is also one of the first mid-segment realty developers in Dubai, to sign home loan agreement for all its future and existing projects with Mashreq, one of the largest private banks in the Middle East. The customers of Mashreq will benefit from customized home loan packages, apart from enjoying upto 90% on sales price for all existing and future Bavaria Gulf projects, with attractive interest rates for the next 25 years.
Mashreq will offer Bavaria customers with a variety of convenient financing options and attractive rates, apart from other benefits such as the lowest down payments, apart from providing them with the benefit of owning the property of their dreams.
The project will consist of 165 mid-range apartments with high-quality German precision, certified by TUeV, the most stringent and independent quality evaluators in the world. With seven G+4 buildings, Sandoval Apartments will include 57 studio apartments, 17 two bedroom apartments, 81 single bedroom units, and 10 special duplex apartments. These apartments, which range from 680 to 2700 Square feet, will be sold at a high value driven prick bracket.
The Managing Director of Bavaria, Raymond Lefevre, said "Our previous launch of Sandoval Townhouses, proved to be a real eye opener for us. Now, Sandoval Apartments follows suit, offering high-quality, yet, luxurious, functional and value-driven realty concepts."
Bavaria is also one of the first mid-segment realty developers in Dubai, to sign home loan agreement for all its future and existing projects with Mashreq, one of the largest private banks in the Middle East. The customers of Mashreq will benefit from customized home loan packages, apart from enjoying upto 90% on sales price for all existing and future Bavaria Gulf projects, with attractive interest rates for the next 25 years.
Mashreq will offer Bavaria customers with a variety of convenient financing options and attractive rates, apart from other benefits such as the lowest down payments, apart from providing them with the benefit of owning the property of their dreams.
Labels: Apartments, Mortgages, New Developments
Mawarid Finance offers financing for The Centrium purchasers
Sunday, December 09, 2007
Mawarid Finance, a Dubai-based public joint stock company, specializing in Islamic Finance, have entered into a partnership agreement with ETA Star, for providing finance to purchasers of units in 'The Centrium' at International Media Production Zone (IMPZ) in Dubai. Potential buyers can get up to 95% finance, and will have to pay installments after moving into their apartments.
The 'Centrium' in Dubai, comprises of four towers, interlinked to each other by bridges and with common facilities in a spacious garden setting. The apartments are available in configurations of single, double and triple bedroom apartments with latest hi-tech amenities.
The Chief Executive of Mawarid Finance, Mohammed Al Neaimi, said that the financing of the 'Centrium' units is based on Ijara principle, with an undertaking to transfer title on fulfillment of buyer's contractual commitments.
Labels: Apartments, Mortgages
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.
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.
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
Uptown Midriff freehold residential development
Saturday, November 03, 2007
The 23 hectare freehold residential development, Uptown, is a one of a kind development in the heart of the busy and popular Midrif area, with a shopping district and neighbourhood atmosphere, all in one place. Residents are placed with a wide choice of apartments, townhouses and villas to choose from, all of which are completed, apart from about 350,000 square feet of retail shopping space.
Uptown provides the right environment for small families with a choice of three bedroom town houses and row houses, surrounded by quiet streets and gardens. With the Commons recreational center, clubhouse, swimming pool, children play areas and seating areas and a gym that surrounds the environment, residents can easily keep themselves occupied.
The apartments are of four different types - the Terrace and Garden apartments with two bedrooms, offering outdoor space of living in a villa, and Gate and Courtyard apartments that comprise studios, single and double bedroom apartments.
The retail area offers much more for residents to enjoy, apart from the numerous amenities that are available. A covered porch which leads to open-style walkways, restaurants, shops, cafes, medical center, supermarket, cinemas and amusement areas, and a family food court, all in a relaxed environment for one and all to enjoy. Life in Uptown Mirdiff is all about comfortable and safe living, amidst a wealth of amenities in a neighbourhood that is full of activities, with the residents enjoying life to the fullest.
Uptown provides the right environment for small families with a choice of three bedroom town houses and row houses, surrounded by quiet streets and gardens. With the Commons recreational center, clubhouse, swimming pool, children play areas and seating areas and a gym that surrounds the environment, residents can easily keep themselves occupied.
The apartments are of four different types - the Terrace and Garden apartments with two bedrooms, offering outdoor space of living in a villa, and Gate and Courtyard apartments that comprise studios, single and double bedroom apartments.
The retail area offers much more for residents to enjoy, apart from the numerous amenities that are available. A covered porch which leads to open-style walkways, restaurants, shops, cafes, medical center, supermarket, cinemas and amusement areas, and a family food court, all in a relaxed environment for one and all to enjoy. Life in Uptown Mirdiff is all about comfortable and safe living, amidst a wealth of amenities in a neighbourhood that is full of activities, with the residents enjoying life to the fullest.
Labels: Apartments, Freehold Property, Mirdiff, Villa Projects
Work commences on HDS Sunstar Tower
Thursday, November 01, 2007
The construction of the second tower of HDS Sunstar Towers commenced yesterday in Dubai International City soon by joint efforts of the Cinnovation and the HDS Groups.
The multi-dimensional conglomerate, the Cinnovation Group holds a global reputation in a number of other sectors too, apart from real estate, while the HDS Group have established themselves as major players in the property industry.
The HDS Sunstar Towers, worth Dh.100million, is the giant residential project and the outcome of the combined business efforts of both groups. Comprising two G+10 storey residential towers with single, double bedroom units, the development has spacious living areas that have family-oriented amenities. The development also includes landscaped areas and car parks that is a true reflection of the two renowned groups.
On completion, the project will add to the global portfolio of the Cinnovation Group and includes numerous hotel and residential projects in Singapore, Africa, India and China. Scheduled for completion during the last quarter of 2008, the units of HDS Sunstar Towers will ready for sales during mid 2008.
This project is one among the prestigious projects from Cinnovation that is expected to change the landscape of Dubai.
The multi-dimensional conglomerate, the Cinnovation Group holds a global reputation in a number of other sectors too, apart from real estate, while the HDS Group have established themselves as major players in the property industry.
The HDS Sunstar Towers, worth Dh.100million, is the giant residential project and the outcome of the combined business efforts of both groups. Comprising two G+10 storey residential towers with single, double bedroom units, the development has spacious living areas that have family-oriented amenities. The development also includes landscaped areas and car parks that is a true reflection of the two renowned groups.On completion, the project will add to the global portfolio of the Cinnovation Group and includes numerous hotel and residential projects in Singapore, Africa, India and China. Scheduled for completion during the last quarter of 2008, the units of HDS Sunstar Towers will ready for sales during mid 2008.
This project is one among the prestigious projects from Cinnovation that is expected to change the landscape of Dubai.
Labels: Apartments, Construction Projects, International City, Residential
Al Fara'a kick-starts construction of Manhattan Apartments at Jumeirah
Wednesday, October 31, 2007
Al Fara'a Properties recently held the ground breaking ceremony to mark the commencement of construction works of their Dh.353mn Manhattan Luxury Apartments in Jumeirah Village.
The groundbreaking ceremony was conducted just after the successful launch of Manhattan Luxury Apartments at the recent Cityscape Dubai 2007, when the project generated considerable buyer interest, with more than 72 percent of the project, being sold out.
The construction contract for the luxury apartments has been handed over to Al Fara'a General Contracting Company (AFGCO) and their team of qualified professionals. AFGCO has a successful history of more than 26 years in implementing projects around UAE, such as the Al Attar Tower, Rotana Hotel, and the Sheikh Mansoor bin Zayed Tower, among others.
Alongside the sidelines of groundbreaking ceremony, Al Fara'a Properties has registered for an Escrow Account with Emirates Islamic Bank, in compliance with regulations stipulated by Dubai Land Department.
The Manhattan Luxury Apartments draws inspiration from the 1930's urban residences of New York, comprising 355 elegant units with a classic selection of studio, single, double and triple bedroom apartments. These apartments, coupled with the stunning landscapes of Jumeirah Village, have been so designed to include well-planned master bedrooms, generous walk-in closets, beautifully appointed bathrooms, and spacious and comfortable interiors with distinctive accent lighting. The other amenities within the complex include state-of-the-art gymnasium, a swimming pool with sauna and steam facilities, and children play area.
The General Manager for AFGCO, Ahmad Maarouf said "Our vast experience in construction business has provided us with utmost confidence in handling a high-profile project like Manhattan Apartments. The strength of our expertise will ensure that we live up to our reputation of delivering quality work within prescribed time frame."
The company has committed that the works would be complete within 24 months, towards end of 2009.
The groundbreaking ceremony was conducted just after the successful launch of Manhattan Luxury Apartments at the recent Cityscape Dubai 2007, when the project generated considerable buyer interest, with more than 72 percent of the project, being sold out.The construction contract for the luxury apartments has been handed over to Al Fara'a General Contracting Company (AFGCO) and their team of qualified professionals. AFGCO has a successful history of more than 26 years in implementing projects around UAE, such as the Al Attar Tower, Rotana Hotel, and the Sheikh Mansoor bin Zayed Tower, among others.
Alongside the sidelines of groundbreaking ceremony, Al Fara'a Properties has registered for an Escrow Account with Emirates Islamic Bank, in compliance with regulations stipulated by Dubai Land Department.
The Manhattan Luxury Apartments draws inspiration from the 1930's urban residences of New York, comprising 355 elegant units with a classic selection of studio, single, double and triple bedroom apartments. These apartments, coupled with the stunning landscapes of Jumeirah Village, have been so designed to include well-planned master bedrooms, generous walk-in closets, beautifully appointed bathrooms, and spacious and comfortable interiors with distinctive accent lighting. The other amenities within the complex include state-of-the-art gymnasium, a swimming pool with sauna and steam facilities, and children play area.
The General Manager for AFGCO, Ahmad Maarouf said "Our vast experience in construction business has provided us with utmost confidence in handling a high-profile project like Manhattan Apartments. The strength of our expertise will ensure that we live up to our reputation of delivering quality work within prescribed time frame."
The company has committed that the works would be complete within 24 months, towards end of 2009.
Labels: Apartments, Construction Projects, Jumeriah Village, Luxury Homes, Real Estate Company
Dheeeraj East Coast LLC forays into UAE realty sector through a Dh.250m project
Monday, October 29, 2007
Dheeraj and East Coast LLC (DEC) have announced their plans to enter the booming hospitality sector of UAE though the launch of their first exclusive service apartment project, the Dh.250m Harbour Residences at Dubai Marina.
The project includes a G+19 storey apartment tower and twin two and three bedroom duplex villas. DEC has also entered into an MOU with global majors such as EMCOR Facilities Services for management of its facilities across all projects in the region, which is currently more than 6.5million square feet of development area. The MOU also stipulates that EMCOR will manage the operations, maintenance, and technical services of Harbour Residences, while also providing soft support services such as ongoing maintenance, concierge, housekeeping, laundry, grocery stocking, 24 hour call centers, security and help desk facilities.
The construction work on Harbour Residences will commence during first quarter of 2008. The hotel apartment project will include 187 rooms, a shopping arcade, restaurants and cafes.
The Managing Director of DEC, Dheeraj Wadhawan, mentioned that the this project 'Harbour Residences' will be a valuable addition to the flourishing tourism sector in Dubai, wherein the hospitality sector is currently witnessing tremendous demand for rooms to cater to the increasing tourist traffic.
The project is slated for completion by the year 2010.
The project includes a G+19 storey apartment tower and twin two and three bedroom duplex villas. DEC has also entered into an MOU with global majors such as EMCOR Facilities Services for management of its facilities across all projects in the region, which is currently more than 6.5million square feet of development area. The MOU also stipulates that EMCOR will manage the operations, maintenance, and technical services of Harbour Residences, while also providing soft support services such as ongoing maintenance, concierge, housekeeping, laundry, grocery stocking, 24 hour call centers, security and help desk facilities.The construction work on Harbour Residences will commence during first quarter of 2008. The hotel apartment project will include 187 rooms, a shopping arcade, restaurants and cafes.
The Managing Director of DEC, Dheeraj Wadhawan, mentioned that the this project 'Harbour Residences' will be a valuable addition to the flourishing tourism sector in Dubai, wherein the hospitality sector is currently witnessing tremendous demand for rooms to cater to the increasing tourist traffic.
The project is slated for completion by the year 2010.
Labels: Apartments, Dubai Marina
Ajman's first smart building project Goldcrest Dreams3 launched
Saturday, October 27, 2007
The real estate giants, ETA Star and Mayzood Giga, have launched their latest joint-venture project, Goldcrest Dreams3, in Ajman, which was announced during a press conference on the 22nd October'07. A sales exhibition for the new residential project is currently scheduled, which began yesterday and will take place until the 27th of this month.
The exhibition will showcase single, double and triple bedroom apartments, which offers a unique opportunity to buyers to experience real living environment, comprising fully furnished ultra modern residential towers with contemporary German furniture from GBK. The project is equipped with home management solutions from LG Homenet offering a safe and efficient living, thereby making the Goldcrest Dreams3, the first smart project in Ajman.
The towers with 25 Storey each are surrounded by waterways, lakes and fountains, and the most affordable five-year interest free plan with installments are being offered, beginning from Dh.2999 per month. The dining and the living rooms are designed by Seidenbacher Mobel. The bedrooms have an attractive and unique design done by HB Collections, and the Kitchens done by Nobila. The LG Homenet solutions offers easy access control of the common entrance and household, by notifying the owners about arrivals of visitors during the owner's absence, vehicle arrival notifications, and such other unique and safe features.
Amir Pardesi, the Vice Chairman of Mazyood Giga International, says "After the huge success of Goldcrest Dreams and Dreams2, we have decided to take community living in Ajman to another level. The Emirates City is a well-planned township, and the Goldcrest Dreams3, with its luxurious offerings will make it an ideal residential community."
The exhibition will showcase single, double and triple bedroom apartments, which offers a unique opportunity to buyers to experience real living environment, comprising fully furnished ultra modern residential towers with contemporary German furniture from GBK. The project is equipped with home management solutions from LG Homenet offering a safe and efficient living, thereby making the Goldcrest Dreams3, the first smart project in Ajman.The towers with 25 Storey each are surrounded by waterways, lakes and fountains, and the most affordable five-year interest free plan with installments are being offered, beginning from Dh.2999 per month. The dining and the living rooms are designed by Seidenbacher Mobel. The bedrooms have an attractive and unique design done by HB Collections, and the Kitchens done by Nobila. The LG Homenet solutions offers easy access control of the common entrance and household, by notifying the owners about arrivals of visitors during the owner's absence, vehicle arrival notifications, and such other unique and safe features.
Amir Pardesi, the Vice Chairman of Mazyood Giga International, says "After the huge success of Goldcrest Dreams and Dreams2, we have decided to take community living in Ajman to another level. The Emirates City is a well-planned township, and the Goldcrest Dreams3, with its luxurious offerings will make it an ideal residential community."
Labels: Ajman, Apartments, ETA-Star, Freehold Property
Sobha Group launches first luxury residential project Sobha Daffodil at Jumeirah Village
Tuesday, October 23, 2007
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
Al Fara'a to launch apartment complex 'The Manhattan' at Jumeirah Village
Wednesday, October 17, 2007
The subsidiary of Al Fara'a Construction Group, Al Fara'a Properties, has announced plans to launch the Dh.353mn luxury apartment complex, 'The Manhattan', at the Jumeirah Village, during the coming Cityscape Dubai 2007.
This latest venture by Al Fara'a Properties is coincidental with their participation at Cityscape Dubai, the largest real estate event pertaining to investments and developments in the region, due to be held between the 16th and 18th of October, 2007 at the Dubai International Exhibition Center.
The developer is also expected to reveal details about their partnership with the Abu Dhabi Commercial Bank (ADCB) and the Emirates Islamic Bank (EIB), wherein investors get to avail their flexible payment plans with a maximum of 90% finance.
'The Manhattan' in Jumeirah Village draws inspiration from the urban residence during 1930's in New York, with about 355 elegant units, comprising studio, single bedroom, double bedrooms and triple bedroom apartments with high-end finishing, in a variety of styles.
The Chairman and Managing Director of Al Fara'a Construction Group, Gangaramani, said "This is a premium site easily accessible to Dubai Commercial Centers and other finest attractions. 'The Manhattan' will live up to our corporate ethos, while also building excellence through partnerships, offering urban convenience, privacy, luxury and access to first-class road networks, amenities and planned Dubai metro."
The Jumeirah Village is a luxurious and secure community with a wide range of facilities for leisure and retail, which includes, clubs, schools, medical centers, sports, promenades, parks, scenic trails, gardens and tranquil waterways, all located at the core of Dubai's commercial district.
Al Fara'a Properties brings with them solid 27 years of expertise in offering quality-bound construction solutions in UAE, apart from indulging in leasing, property purchase and sales, development and management, investment portfolio, corporate client consultancy and facilities management.
This latest venture by Al Fara'a Properties is coincidental with their participation at Cityscape Dubai, the largest real estate event pertaining to investments and developments in the region, due to be held between the 16th and 18th of October, 2007 at the Dubai International Exhibition Center.The developer is also expected to reveal details about their partnership with the Abu Dhabi Commercial Bank (ADCB) and the Emirates Islamic Bank (EIB), wherein investors get to avail their flexible payment plans with a maximum of 90% finance.
'The Manhattan' in Jumeirah Village draws inspiration from the urban residence during 1930's in New York, with about 355 elegant units, comprising studio, single bedroom, double bedrooms and triple bedroom apartments with high-end finishing, in a variety of styles.
The Chairman and Managing Director of Al Fara'a Construction Group, Gangaramani, said "This is a premium site easily accessible to Dubai Commercial Centers and other finest attractions. 'The Manhattan' will live up to our corporate ethos, while also building excellence through partnerships, offering urban convenience, privacy, luxury and access to first-class road networks, amenities and planned Dubai metro."
The Jumeirah Village is a luxurious and secure community with a wide range of facilities for leisure and retail, which includes, clubs, schools, medical centers, sports, promenades, parks, scenic trails, gardens and tranquil waterways, all located at the core of Dubai's commercial district.
Al Fara'a Properties brings with them solid 27 years of expertise in offering quality-bound construction solutions in UAE, apart from indulging in leasing, property purchase and sales, development and management, investment portfolio, corporate client consultancy and facilities management.
Labels: Apartments, Cityscape, Jumeriah Village, Luxury Homes, New Developments
The $3bn Ajman Marina project to supply 8000 residential units
Tuesday, October 16, 2007
Tanmiyat's Ajman Marina Project, worth $3billion, is expected to add another 8000 residential units to the market. The project will be constructed in two phases over a period of five years.
According to the Project Manager, Azad Nouri, the residential units, covering 14million square feet of built-up area, are offered on a freehold basis. The sale of the units will begin shortly once the designs are finalized.
Nouri invited all the investors and residents to be part of this ambitious project, which offers perfect style and quality, with reasonable pricing.
According to developers, the residential buildings will be one of the modern architectural wonders. The units will be positioned facing the marina, and are expected to comprise hi-tech gadgetry which provides the option for residents to monitor their properties, even when they are out of country.
Apart from this, Ajman Marina provides ample berths and best marine management, including boat cleaning and repairs, loading assistance and dock masters. Other facilities on offer are covered car parks, 24 hours security and close proximity to schools and healthcare centers.
According to the Project Manager, Azad Nouri, the residential units, covering 14million square feet of built-up area, are offered on a freehold basis. The sale of the units will begin shortly once the designs are finalized.Nouri invited all the investors and residents to be part of this ambitious project, which offers perfect style and quality, with reasonable pricing.
According to developers, the residential buildings will be one of the modern architectural wonders. The units will be positioned facing the marina, and are expected to comprise hi-tech gadgetry which provides the option for residents to monitor their properties, even when they are out of country.
Apart from this, Ajman Marina provides ample berths and best marine management, including boat cleaning and repairs, loading assistance and dock masters. Other facilities on offer are covered car parks, 24 hours security and close proximity to schools and healthcare centers.
Labels: Ajman, Apartments, Freehold Property, Real Estate Projects
The Jumeirah Lake Towers at Dubai Marina
Sunday, October 07, 2007
The Jumeirah Lake Towers is yet another development, situated across the Dubai Marina development, equally impressive in size, comprising high-rises that are scattered around the man-made lakes. The buildings depict a range of residential and commercial freehold properties, marking an extension of growing business community in Dubai.
There will be a total of 87 towers, most of which are either under construction, or to be completed soon, and will be situated among four purpose built manmade landscaped gardens. Residents will get to catch a glimpse of newest part of Dubai, including the freehold communities like Emirates Living that are nearby.
The upcoming towers of the development include the Al Seef, Lake Plaza, Armada, Concorde Tower, Al Waleed, Dubai Arch, Dubai Gate, Falcon Tower, Flamingo, Fortune Executive, Fortune Tower, Global Lake, Goldcrest Views, Green Lakes towers, HDS Tower, Indigo, Laguna Tower, Lake City, Lake Shore Tower, Lake Terrace, Lake View, Madina Tower, Manchester Tower, Ocean Heights, Palladium, Saba Tower, Tamweel Tower, The Icon, Vista de Lago, Vue du Lac and Wind Tower.
Jumeirah Lake Tower aims to combine working and living in perfect harmony. All the buildings have good finishing, and offer the best in services and amenities. The commercial buyers can rest assured of excellent office accommodation that is hundred percent secure, and good services from the neighbouring facilities. Residents too, get to enjoy good amenities within their buildings, from swimming pools to gymnasiums, to saunas to conference centers.
A waterfront promenade surrounds the towers, where the working community and the residents get to enjoy an extensive range of outdoor restaurants and cafes all through the day and until late in the night. Retail outlets will also be easily available, to ensure all essential provisions are available on fingertips for the residents in the development.
There will be a total of 87 towers, most of which are either under construction, or to be completed soon, and will be situated among four purpose built manmade landscaped gardens. Residents will get to catch a glimpse of newest part of Dubai, including the freehold communities like Emirates Living that are nearby.
The upcoming towers of the development include the Al Seef, Lake Plaza, Armada, Concorde Tower, Al Waleed, Dubai Arch, Dubai Gate, Falcon Tower, Flamingo, Fortune Executive, Fortune Tower, Global Lake, Goldcrest Views, Green Lakes towers, HDS Tower, Indigo, Laguna Tower, Lake City, Lake Shore Tower, Lake Terrace, Lake View, Madina Tower, Manchester Tower, Ocean Heights, Palladium, Saba Tower, Tamweel Tower, The Icon, Vista de Lago, Vue du Lac and Wind Tower.
Jumeirah Lake Tower aims to combine working and living in perfect harmony. All the buildings have good finishing, and offer the best in services and amenities. The commercial buyers can rest assured of excellent office accommodation that is hundred percent secure, and good services from the neighbouring facilities. Residents too, get to enjoy good amenities within their buildings, from swimming pools to gymnasiums, to saunas to conference centers.
A waterfront promenade surrounds the towers, where the working community and the residents get to enjoy an extensive range of outdoor restaurants and cafes all through the day and until late in the night. Retail outlets will also be easily available, to ensure all essential provisions are available on fingertips for the residents in the development.
Labels: Apartments, Jumeirah-Lake-Towers, Luxury Homes, Real Estate Projects
Union Properties launches UPTOWN Motor City Phase II
Saturday, October 06, 2007
Union Properties PJSC (UP), the leading real estate development company, has launched Phase II of the UPTOWN Motor City development to the public, following remarkable success of Phase I. The UPTOWN MotorCity Real Estate Project, which is located on Emirates Road, includes Dubai Autodrome, F1 Theme Park, Green Community Motor City and Business Park Motor City.
UPTOWN Motorcity is a freehold master development with amenities such as swimming pools, schools, play areas, park areas, sports facilities and retail outlets. The UPTOWN MotorCity Phase II comprises studios, single, double and triple bedroom apartments.
The General Manager of UP, Lesley Sayle, expressing his pleasure over the sales results, said that ever since it's launch, the development has sparked interest of various home owners, and recreation of brands has always brought success and increased demand for the properties has given UP an edge for having a complete project like UPTOWN Midriff as the benchmark.
Finance options are also available for the development subject to affiliate bank terms and conditions.
UPTOWN Motorcity is a freehold master development with amenities such as swimming pools, schools, play areas, park areas, sports facilities and retail outlets. The UPTOWN MotorCity Phase II comprises studios, single, double and triple bedroom apartments.
The General Manager of UP, Lesley Sayle, expressing his pleasure over the sales results, said that ever since it's launch, the development has sparked interest of various home owners, and recreation of brands has always brought success and increased demand for the properties has given UP an edge for having a complete project like UPTOWN Midriff as the benchmark.
Finance options are also available for the development subject to affiliate bank terms and conditions.
Labels: Apartments, Freehold Property, New Developments, Union-Properties
Al Hamra Palace Hotel Apartments Up For Sale
Tuesday, October 02, 2007
Al Hamra Real Estate development LLC has launched the Phase 3 project of the prestigious Al Hamra Village in Ras Al Khaimah, at a total investment cost of AED 7 billion.
The sale of the mixed use, residential and commercial property is now also open to investors. The project is expected to be completed in 2010.
Also available for sale, is the luxurious hotel apartments at the magnificent 7 Star Palace Hotel. There are only a limited number of hotel apartments as part of this deluxe beach-front property. The hotel is due to open in late 2008 and is built in an contemporary Arabesque design, keeping up with the rich cultural heritage of Ras Al Khaimah
"The third phase of Al Hamra will have a core of 14 residential buildings with a total of 3,900 apartments and town houses, which we expect to be ready by end of 2010. As part of the immediate release, there are 700 high quality luxury villas, plus 1000 studios 1, 2 and 3 bedroom apartments which will be available for sale on a 100% Freehold", said Piras.
The project will also offer fantastic luxurious penthouses with 180 degree panoramic views of the Arabian Gulf and coastline. This project is surrounded by salt water lagoons, private outdoor swimming pools and landscaped gardens.
Other amenities in this project include, the 18-hole championship Golf course, designed by renowned Golf course designer Peter Harradine.
There will be a 200-berth Al Hamra Village Marina, which is unique as it overlooks the beautiful surrounding harbour town. Comparable only to the best that Europe has to offer, the Marina and club house will provide full services. It will also offer a superb dining experience next to the Marina apartments.
The new Al Hamra Shopping Mall will be a shopper's paradise, with over 100 stores of which 92% is leased out. It has attracted supermarket chains and major retailers with such names as Spinneys, Damas, Interiors, and Paris Gallery. The facility will also accommodate other retail service outlets including food courts, designer clothing boutiques, and electronic stores among others.
Piras also disclosed that mortgages are being offered by several banks and institutions. The mortgages, he said will be administered under the terms set by these institutions.
"The cost of the apartments and villas in Al Hamra are very competitive. Financing institutions are now offering finance up to 80% of the total value of the unit, for a maximum of 15 years.
Residence Visa is provided on the purchase of each unit and the owner is allowed to register his property with the Land Department of Ras Al Khaimah, upon completion of full payment," said Piras.
The sale of the mixed use, residential and commercial property is now also open to investors. The project is expected to be completed in 2010.
Also available for sale, is the luxurious hotel apartments at the magnificent 7 Star Palace Hotel. There are only a limited number of hotel apartments as part of this deluxe beach-front property. The hotel is due to open in late 2008 and is built in an contemporary Arabesque design, keeping up with the rich cultural heritage of Ras Al Khaimah
"The third phase of Al Hamra will have a core of 14 residential buildings with a total of 3,900 apartments and town houses, which we expect to be ready by end of 2010. As part of the immediate release, there are 700 high quality luxury villas, plus 1000 studios 1, 2 and 3 bedroom apartments which will be available for sale on a 100% Freehold", said Piras.
The project will also offer fantastic luxurious penthouses with 180 degree panoramic views of the Arabian Gulf and coastline. This project is surrounded by salt water lagoons, private outdoor swimming pools and landscaped gardens.
Other amenities in this project include, the 18-hole championship Golf course, designed by renowned Golf course designer Peter Harradine.
There will be a 200-berth Al Hamra Village Marina, which is unique as it overlooks the beautiful surrounding harbour town. Comparable only to the best that Europe has to offer, the Marina and club house will provide full services. It will also offer a superb dining experience next to the Marina apartments.
The new Al Hamra Shopping Mall will be a shopper's paradise, with over 100 stores of which 92% is leased out. It has attracted supermarket chains and major retailers with such names as Spinneys, Damas, Interiors, and Paris Gallery. The facility will also accommodate other retail service outlets including food courts, designer clothing boutiques, and electronic stores among others.
Piras also disclosed that mortgages are being offered by several banks and institutions. The mortgages, he said will be administered under the terms set by these institutions.
"The cost of the apartments and villas in Al Hamra are very competitive. Financing institutions are now offering finance up to 80% of the total value of the unit, for a maximum of 15 years.
Residence Visa is provided on the purchase of each unit and the owner is allowed to register his property with the Land Department of Ras Al Khaimah, upon completion of full payment," said Piras.
Labels: Al-Hamra, Apartments, Investment Property, Penthouse, Ras Al Khaima, Sales, Townhouses, Villa Projects
IRIS BLUE upgraded to higher quality finishing, without burdening tenants or investors
Monday, October 01, 2007
The leading property services company, IRIS, which has been instrumental in delivering high quality developments in UAE within the scheduled time, has set a new standard in real estate best practices, by upgrading 'IRIS Blue', its award winning development in Dubai Marina.
IRIS, well-known as an innovative property development company, had included higher quality finishing materials and new hi-tech amenities to all its apartments in IRIS Blue, without charging any additional cost from its investors and potential tenants.
The CEO of IRIS, Ashwin Sheth, says "With IRIS, we intend to build property for life. At IRIS, we take pride in always placing the customer first in mind, at all stages of the project. It is imperative that we build spaces in which residents would be most comfortable in, and which will be delivered to its highest standards."
The upgrades in the IRIS Blue development have been done in the form of high-quality finishing, with vitrified tiles, porcelain and marble kitchen. Apart from this, the apartments will have the Hansgrohe fittings, which are the highest in quality, kitchen appliances by Siemens, and Sanitary ware by Ideal Standards. In addition to the interiors, IRIS Blue includes a cutting edge gymnasium that is provided with LCD television screens for all cardio-vascular equipments, and individual saunas and steam rooms for men and women.
IRIS Blue is already an award-winning development. The award will be given away at the CNBC Arabian Property Awards held at Madinat Jumeirah on 23rd October. Also, IRIS Blue is more than 60% complete, with the finishing touches being carried out at a brisk pace, which indicates that IRIS always sticks to its schedule of project delivery.
IRIS, well-known as an innovative property development company, had included higher quality finishing materials and new hi-tech amenities to all its apartments in IRIS Blue, without charging any additional cost from its investors and potential tenants.The CEO of IRIS, Ashwin Sheth, says "With IRIS, we intend to build property for life. At IRIS, we take pride in always placing the customer first in mind, at all stages of the project. It is imperative that we build spaces in which residents would be most comfortable in, and which will be delivered to its highest standards."
The upgrades in the IRIS Blue development have been done in the form of high-quality finishing, with vitrified tiles, porcelain and marble kitchen. Apart from this, the apartments will have the Hansgrohe fittings, which are the highest in quality, kitchen appliances by Siemens, and Sanitary ware by Ideal Standards. In addition to the interiors, IRIS Blue includes a cutting edge gymnasium that is provided with LCD television screens for all cardio-vascular equipments, and individual saunas and steam rooms for men and women.
IRIS Blue is already an award-winning development. The award will be given away at the CNBC Arabian Property Awards held at Madinat Jumeirah on 23rd October. Also, IRIS Blue is more than 60% complete, with the finishing touches being carried out at a brisk pace, which indicates that IRIS always sticks to its schedule of project delivery.
Labels: Apartments, Real Estate Company, Residential
The Green Community Apartments and Villas
Tuesday, September 25, 2007
The Green Community is a self-contained residential community covering 67 hectares and featuring variety of apartment and villas that suits all tastes and takes the residents away from the noise of the city, although not too far away from the city vicinity. Positioned adjacent to the Dubai Investment Park, and in close proximity to the Jebel Ali Free Zone, Green Community is easily accessible to major business centers, and is a direct route to the Dubai City.
The Green community supports living in a green environment. The apartments and villas are positioned against the backdrop of the landscaped gardens, paved streets and lake, which gives the feel of a quite neighbourhood for the residents, away from noise and pollution of city life.
The choice of properties in the Green Community includes the Lake Apartment, Green Commuity Villas, Lakeside and Green Community West, and Terrace Apartments. The facilities offered to the residents are excellent, with the Courtyard Marriot Hotel offering various international cuisines, a plaza, a recreation center, a shopping center with a supermarket, a plaza, cafes and restaurant, and all that one would expect out of a community living.
The Green community supports living in a green environment. The apartments and villas are positioned against the backdrop of the landscaped gardens, paved streets and lake, which gives the feel of a quite neighbourhood for the residents, away from noise and pollution of city life.The choice of properties in the Green Community includes the Lake Apartment, Green Commuity Villas, Lakeside and Green Community West, and Terrace Apartments. The facilities offered to the residents are excellent, with the Courtyard Marriot Hotel offering various international cuisines, a plaza, a recreation center, a shopping center with a supermarket, a plaza, cafes and restaurant, and all that one would expect out of a community living.
Labels: Apartments, Community, Residential, Villa Projects
Diamond Investments announces handing over Marina Diamond IV
Diamond Investments has announced handing over of Marina Diamond IV, the fourth among the group of six buildings in the Dubai Marina. Diamond Investments, are a new class of property developers in Dubai, and a sister concern of Diamond Developers.
Located in the most luxurious neighbourhoods in Dubai Marina, the Marina Diamond IV comprises 200 units, which includes single and double bedroom apartments with various facilities such as the swimming pool, exclusive children's pool and fully equipped gymnasium.
The CEO of Diamond Investments, Fares Saeed, said "Quality, luxurious environment and reasonable prices have been the major factors behind the Diamond's success. We are committed to develop properties in the most innovative manner, and offer tailor-made commercial and residential space to our customers, for their luxury and comfort."
The units were designed as planned by Diamond Investment, for developing a property that is high in quality and affordable in price. Saeed revealed the company's intention to deliver Marina Diamond V and VI during later part of the year, as the demand would only increase after the handing over of the Marina Diamond IV. This brings the total residential units in Dubai to 1300.
Saeed is of the opinion that this increase would supplement the housing equation and will ultimately lead to better stability and maturity in the Dubai property market.
Diamond Investments is also offering a unique customer service program to its tenants. A committed member of the staff will accompany the buyer during the inspection phase and will address any concern that the new owner may seem to have. Also a staff member will conduct a follow-up during the inspection phase to rectify issues, if any, and will stay vigilant to the customer, once they have moved in.
Located in the most luxurious neighbourhoods in Dubai Marina, the Marina Diamond IV comprises 200 units, which includes single and double bedroom apartments with various facilities such as the swimming pool, exclusive children's pool and fully equipped gymnasium.The CEO of Diamond Investments, Fares Saeed, said "Quality, luxurious environment and reasonable prices have been the major factors behind the Diamond's success. We are committed to develop properties in the most innovative manner, and offer tailor-made commercial and residential space to our customers, for their luxury and comfort."
The units were designed as planned by Diamond Investment, for developing a property that is high in quality and affordable in price. Saeed revealed the company's intention to deliver Marina Diamond V and VI during later part of the year, as the demand would only increase after the handing over of the Marina Diamond IV. This brings the total residential units in Dubai to 1300.
Saeed is of the opinion that this increase would supplement the housing equation and will ultimately lead to better stability and maturity in the Dubai property market.
Diamond Investments is also offering a unique customer service program to its tenants. A committed member of the staff will accompany the buyer during the inspection phase and will address any concern that the new owner may seem to have. Also a staff member will conduct a follow-up during the inspection phase to rectify issues, if any, and will stay vigilant to the customer, once they have moved in.
Labels: Apartments, Dubai Marina, Dubai Real Estate, Residential
Jamal Al Habtoor introduces furnished serviced apartments
Thursday, September 20, 2007
Jamal Al Habtoor, one of the leading real estate agents in the UAE, has announced the launch of its new Rahat service, to cater to the growing hospitality sector with a fresh supply of its fully-furnished serviced apartments in the heart of Dubai Marina. The Rahat Service, which offers single, double and triple bedroom apartments, takes off at the right time, when Dubai is anticipating a growth in visitors due to the upcoming global networking events and winter attractions.
The Chairman of Jamal Al Habtoor Real Estate, Jamal Al Habtoor said "The Rahat service will offer visitors with spacious, cost-efficient and luxurious alternative to a regular hotel room. The apartment facilities consist of all the amenities and hotel-style room services at reasonable prices. The ideal location of being situated just minutes away from all major destinations in Dubai, is another added benefit."
There are about 15 sea view apartments, comprising the latest technological facilities such as a broadband internet, telephone, and cable TV which will be available for short-term occupancy. The apartments also offer round the clock housekeeping services and security.
The apartments are located in Dubai Marina, with easy access to the shopping centers, beach, and Sheikh Zayed Road. They are also just five minutes drive from the Ibn Batutta Mall, ten minutes from the Mall of Emirates, and just a short walk away from the new Marina Mall. There are also abundant food shops, fine-dining restaurants and cafes, offering a wide range of cookery in the vicinity.
The Chairman of Jamal Al Habtoor Real Estate, Jamal Al Habtoor said "The Rahat service will offer visitors with spacious, cost-efficient and luxurious alternative to a regular hotel room. The apartment facilities consist of all the amenities and hotel-style room services at reasonable prices. The ideal location of being situated just minutes away from all major destinations in Dubai, is another added benefit."
There are about 15 sea view apartments, comprising the latest technological facilities such as a broadband internet, telephone, and cable TV which will be available for short-term occupancy. The apartments also offer round the clock housekeeping services and security.
The apartments are located in Dubai Marina, with easy access to the shopping centers, beach, and Sheikh Zayed Road. They are also just five minutes drive from the Ibn Batutta Mall, ten minutes from the Mall of Emirates, and just a short walk away from the new Marina Mall. There are also abundant food shops, fine-dining restaurants and cafes, offering a wide range of cookery in the vicinity.
Labels: Apartments, Dubai City, Luxury Homes, Rentals
Canal Residence West - Studios and Apartments in Dubai Sports City
Wednesday, September 19, 2007
The Canal Residence West, positioned on the promenade, midway between the southern and northern retail hubs of the vibrant downtown district of the Dubai Sports City, makes a whole new lifestyle statement, apart from being just your home.
Located away from the cheering crowds and energy of the stadiums and the shopping mall, the Canal Residence West, depicts a world that replicates the fashion, passion and relaxation of the Riviera lifestyle, presenting infinite opportunities for you to enjoy every moment of it. In short, a life defined by the icons of modern metropolis.
The excitement of international sporting events at the Canal Residence West, is complemented by healthy lifestyle which is being promised by the Dubai Sports City. The ambience of the exciting city is quite inspiring and enables you to achieve the highest in physical fitness.
The Ste-of-the-art swimming pools and other art facilities, gives you the opportunity to keep yourself fit and healthy, with a fitness regime that spreads through the entire city, to the Ernie Els golf course and the Next Generation Club, an exception health club, offering a range of options for fitness and recreation.
The Canal Residence West, has teamed up with a world class leader, Bureau Veritas, in providing QHSE third party services, for providing quality accreditation monitoring service at each stage right from design to delivery. The service brings peace of mind to buyers and ensures that the promised quality has been delivered to its level best.
The Canal Residence West includes the following Canal Front Buildings:
- Arabian Tower
- Spanish Andalucian Tower
- Mediterranean Tower
- Classic European Tower
- Venetian Tower
Features
- Stylised facade designed for each building
- Landscaped waterfront promenade offering cafes, restaurants, boutiques and convenience stores
- Private club on the first floor of all buildings offering state of the art gym, fitness studio, steam room and jacuzzi, beauty salons and therapeutic treatments, reading & music room, games room and business centre
- Elevated swimming pools and sundecks with shaded pavilions
- Stunning views
- Dedicated and secure parking facilities including visitors bay
- Changing facilities and outside showers
- Children's play area
- Communal gardens and BBQ areas
- Security and concierge services
- Floor layout planned for comfortable living
- Spacious open-plan living, dining and kitchen areas
- Penthouse apartments boast maid's room and private rooftop terrace with stunning panoramic views across Dubai Sports City
- Interior designed kitchens and bathrooms
- Elegant selection of porcelain and ceramic tiles with matching borders in living areas
- Granite countertops and matching splash backs
- Elegant, high quality kitchen cabinetry
- Chrome finish, contemporary taps and fittings
- Premium sanitary fixtures
- Ceramic floor tiles in bathrooms
- Generous, fitted wardrobes and storage space
- Provision for high speed internet access and digital technology
- Solid main door
- CCTV and access control system for security
- Fire alarm system
- Central AC system
- Generous and efficient lift provisions
- Central household waste removal
Labels: Apartments, Dubai Sports City, Golf property, Investment Property, Luxury Homes, Penthouse
Downtown Dubai – urban living with style and luxury
Monday, September 10, 2007
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
Emaar launches Dubai Lake Hotel, Dubai Mall Hotel in Burj Dubai
Friday, September 07, 2007
The Dubai-based largest real estate firm, Emaar Properties has launched its finest homes in Downtown Burj Dubai, offering its residents, spectacular views of Burj Dubai.
The premier apartments are located in the Burj Dubai Lake Hotel and The Dubai Mall Hotel and Serviced Residences within a 500 acre realty development. The homes are also in close proximity to the Burj Dubai Boulevard, along the walkway of 3.5kms lined with beverage and food outlets.
"Downtown Burj Dubai, the premier downtown development offers commercial, residential, leisure and hospitality components to its investors. Hence with the strong investor response, Burj Dubai has developed into a preferred investment destination for potential investors and home-owners," say Saif Al Mansoori, Sales Director, Emaar Properties.
The Burj Dubai Lake Hotel combines the residential and hospitality component of the Downtown Burj Dubai development, located next to the Dubai Mall and The Old Town Residences. The 63 storey hotel features all the necessary indulgences and amenities that one gets to experience in a five-star hotel.
The premier apartments are located in the Burj Dubai Lake Hotel and The Dubai Mall Hotel and Serviced Residences within a 500 acre realty development. The homes are also in close proximity to the Burj Dubai Boulevard, along the walkway of 3.5kms lined with beverage and food outlets."Downtown Burj Dubai, the premier downtown development offers commercial, residential, leisure and hospitality components to its investors. Hence with the strong investor response, Burj Dubai has developed into a preferred investment destination for potential investors and home-owners," say Saif Al Mansoori, Sales Director, Emaar Properties.
The Burj Dubai Lake Hotel combines the residential and hospitality component of the Downtown Burj Dubai development, located next to the Dubai Mall and The Old Town Residences. The 63 storey hotel features all the necessary indulgences and amenities that one gets to experience in a five-star hotel.
The Dubai Mall Hotel and Serviced Residences comprises four storey of podium with banquet halls, restaurants, meeting rooms, business center, fitness amenities, in addition to a landscaped swimming pool deck. Other amenities include underground parking, car drop off at the ground entrance level and 24 hours maintenance and security.
Labels: Apartments, Downtown, Emmar, Luxury Homes, New Developments, New Hotels, Residential
Freehold apartments at Discovery Garden's landscaped surroundings
Ideally positioned in close proximity to other leading freehold developments in Dubai, such as the Green Community, Jumeirah Islands and Dubai Marina, the Discovery Gardens offers a picturesque apartment complex in the heart of Jebel Ali. Comprising an area of 26 million square feet, the Discovery Gardens provides an interesting mix of architecture inspired residences, amidst landscaped surroundings.
Most buildings in the Discovery Gardens are low-rises, so they are not distracted from the outdoor features. It offers the buyers with a choice of studio, one and two bedroom apartments at a reasonable price and the buyers can rest assured that will be provided with an excellent value for money in terms of choice, features and amenities.
Discovery Gardens comprises of 291 buildings on the whole, divided into six various themed areas: Zen, Contemporary, Mediterranean, Mogul, Cactus and Mesoamerican. The buildings include 26,000 apartments and the neighbourhood concept of the development is sure to make an impression among the residents.
Other amenities at the Discovery Gardens include tennis, basketball, swimming pools, volley ball courts, cycling, gyms, football pitches, jogging paths, undercover parking and mosques. Residents can always keep themselves occupies with the amenities offered by the development in a secure and safe environment that is perfect for small families and couples. The Ibn Battuta Mall, located across the road from the Discovery Gardens is one of the largest shopping destinations in Dubai, where everything from retail to cinemas to restaurants are available.
Life at Discovery Gardens is convenient and comfortable in all ways due to the excellent amenities and its close proximity to other major developments. Being easily accessible to the city, the Discovery Gardens provides residents with a perfect blend of city life within its relaxed surroundings.
Most buildings in the Discovery Gardens are low-rises, so they are not distracted from the outdoor features. It offers the buyers with a choice of studio, one and two bedroom apartments at a reasonable price and the buyers can rest assured that will be provided with an excellent value for money in terms of choice, features and amenities.Discovery Gardens comprises of 291 buildings on the whole, divided into six various themed areas: Zen, Contemporary, Mediterranean, Mogul, Cactus and Mesoamerican. The buildings include 26,000 apartments and the neighbourhood concept of the development is sure to make an impression among the residents.
Other amenities at the Discovery Gardens include tennis, basketball, swimming pools, volley ball courts, cycling, gyms, football pitches, jogging paths, undercover parking and mosques. Residents can always keep themselves occupies with the amenities offered by the development in a secure and safe environment that is perfect for small families and couples. The Ibn Battuta Mall, located across the road from the Discovery Gardens is one of the largest shopping destinations in Dubai, where everything from retail to cinemas to restaurants are available.
Life at Discovery Gardens is convenient and comfortable in all ways due to the excellent amenities and its close proximity to other major developments. Being easily accessible to the city, the Discovery Gardens provides residents with a perfect blend of city life within its relaxed surroundings.
Labels: Apartments, Discovery Gardens, Freehold Property, Jebel-Ali, Sales
Emaar's Claren Residential Tower to be launched on 9th September
Thursday, September 06, 2007
Emaar has recently announced the launch its Claren residential towers on 9th September'07 in Burj Dubai.
Located directly across the 29 Burj Dubai Boulevard, Claren features two well-designed mid-rise towers and boulevard apartments that offer to its residents spacious living with better privacy. It features a wide range of podium amenities and is easily accessible to Burj Dubai.
Various financial institutions are competing to offer easy finance options to own a home at Claren, which comprises studios, one, two and three bedroom apartments.
Claren's close proximity to the Downtown Burj Dubai, and other business and financial hubs of Dubai, makes it an ideal location for professionals to stay updated with the happenings in and around the city. Various other entertainment and retail options add to the attractions of Claren. Residents will also have an easy access to The Dubai Mall, the largest entertainment and shopping destinations in the world.
The Downtown Burj Dubai development by Emaar, worth US$20 billion, has most of its components in the development completed and delivered, including the residential and hospitality projects. The hi-tech superior homes, retail outlets and commercial offices and other leisure projects, located amidst landscaped gardens in the development, are marking the foray of a new downtown culture for Dubai.
Located directly across the 29 Burj Dubai Boulevard, Claren features two well-designed mid-rise towers and boulevard apartments that offer to its residents spacious living with better privacy. It features a wide range of podium amenities and is easily accessible to Burj Dubai.Various financial institutions are competing to offer easy finance options to own a home at Claren, which comprises studios, one, two and three bedroom apartments.
Claren's close proximity to the Downtown Burj Dubai, and other business and financial hubs of Dubai, makes it an ideal location for professionals to stay updated with the happenings in and around the city. Various other entertainment and retail options add to the attractions of Claren. Residents will also have an easy access to The Dubai Mall, the largest entertainment and shopping destinations in the world.
The Podium amenities in Claren includes a swimming pool, office spaces, children's pool and landscaped pool deck, gymnasium, children play area, multipurpose rooms, basement level parking, shaded car drop-off at entrance level.The apartments are specially designed to optimize natural light, with the buildings spaced sufficiently to sustain privacy, which is often not found in most high-rise buildings. The buildings will have high-speed internet, telephone service and wide range of IT options.
The Downtown Burj Dubai development by Emaar, worth US$20 billion, has most of its components in the development completed and delivered, including the residential and hospitality projects. The hi-tech superior homes, retail outlets and commercial offices and other leisure projects, located amidst landscaped gardens in the development, are marking the foray of a new downtown culture for Dubai.
Labels: Apartments, Burj Dubai, Emmar, Investment Property, Luxury Homes, New Developments, Real Estate Projects, Residential
Al Madar's Scala Towers proves successful
Wednesday, August 29, 2007
Al Madar Property Investments, the real estate branch of Al Madar Group, announced that its 22 storeyed 'Scala Tower' in business bay has been more than 80 percent sold out.
The tower comprises of eighteen storey of residential units with studios, single and double bedroom apartments. It has world-class features such as a hi-tech health club, high-speed internet connectivity, cafeterias, shopping area, recreation area, closed-circuit television, high-speed elevators, 24 hours security and maintenance, car parking and more. The tower will be ready for delivery by 2009.
The Sales and Marketing Director of Al Madar Group, Keith Pepperdine, expressing his happiness over the success of Scala Tower, mentioned that the ideal location of the tower in Business Bay with eye-catching view of the Burj Dubai, coupled with modern amenities offered by the tower has been the major factors for the success of Scala Towers.
After a series of hig-profile realty projects in the UAE and Dubai, Al MAdar is now looking forward to regional expansion. The company has a rich portfolio of being involved in the property sector for more than fifteen years and has already completed 125 developments throughout the Middle East.
The tower comprises of eighteen storey of residential units with studios, single and double bedroom apartments. It has world-class features such as a hi-tech health club, high-speed internet connectivity, cafeterias, shopping area, recreation area, closed-circuit television, high-speed elevators, 24 hours security and maintenance, car parking and more. The tower will be ready for delivery by 2009.The Sales and Marketing Director of Al Madar Group, Keith Pepperdine, expressing his happiness over the success of Scala Tower, mentioned that the ideal location of the tower in Business Bay with eye-catching view of the Burj Dubai, coupled with modern amenities offered by the tower has been the major factors for the success of Scala Towers.
After a series of hig-profile realty projects in the UAE and Dubai, Al MAdar is now looking forward to regional expansion. The company has a rich portfolio of being involved in the property sector for more than fifteen years and has already completed 125 developments throughout the Middle East.
Labels: Apartments, Business Bay, Luxury Homes, New Developments, Residential, Sales
Emaar to launch new residential units at Burj Dubai Boulevard
Saturday, August 25, 2007
Leading property developer, Emaar Properties, has announced plans to launch the second tower, a part of 29, Burj Dubai Boulevard, which is an architectural marvel, that has been designed by Frank Williams and Partners, the New-York based Architects.
The launch has been planned for 25th August, 2007. Emaar will simultaneously launch the sale of its Boulevard Apartments, situated in podium of 29, Burj Dubai Boulevard.
The Sales Director, Emaar Properties, Saif Al Mansoori, said "Apart from its ideal location on Burj Dubai Boulevard, the hub of entertainment and leisure activity, the elegant design, makes it an unique attraction to the residential offering in Dubai. The Tower 2 and the Boulevard Apartments on the podium are unique and different from each other in their architectural brilliance."
Burj Dubai Boulevard comprises studios, one, two and three bedroom apartments. Easy finance for purchase of homes is being offered by various financial institutions.
The homes have a wide range of modern amenities and world-class fittings and finishes. The development features separate, spacious lobby entrances for both residential towers, in addition to other amenities such as gymnasium, pool deck, basement parking, swimming pool, communal area, children's wading pool, and multi-purpose rooms.
The launch has been planned for 25th August, 2007. Emaar will simultaneously launch the sale of its Boulevard Apartments, situated in podium of 29, Burj Dubai Boulevard.
The Sales Director, Emaar Properties, Saif Al Mansoori, said "Apart from its ideal location on Burj Dubai Boulevard, the hub of entertainment and leisure activity, the elegant design, makes it an unique attraction to the residential offering in Dubai. The Tower 2 and the Boulevard Apartments on the podium are unique and different from each other in their architectural brilliance."
Burj Dubai Boulevard comprises studios, one, two and three bedroom apartments. Easy finance for purchase of homes is being offered by various financial institutions.
The homes have a wide range of modern amenities and world-class fittings and finishes. The development features separate, spacious lobby entrances for both residential towers, in addition to other amenities such as gymnasium, pool deck, basement parking, swimming pool, communal area, children's wading pool, and multi-purpose rooms.
Labels: Apartments, Burj Dubai, Emmar, Luxury Homes, Residential
Dubai Festival City launches Marsa Plaza
Sunday, August 19, 2007
The Dubai Festival City has launched an exclusive residential tower, Marsa Plaza, comprising 510 residences, and 212 serviced, extended stay apartments that are managed by InterContinental Hotels and Resorts Group. The residential tower caters to busy professionals and executives who are on the look out for well-positioned resort-styled quality accommodation.
Marsa Plaza will provide residents with shopping restaurant and services. It will comprise a 900 metre sandy beach too.
The Dubai Festival City is a large residential, commercial and entertainment development in the city of Dubai, UAE. The Dubai Festival City is the largest mixed-use development in the Middle East.
Marsa Plaza will provide residents with shopping restaurant and services. It will comprise a 900 metre sandy beach too.
The Dubai Festival City is a large residential, commercial and entertainment development in the city of Dubai, UAE. The Dubai Festival City is the largest mixed-use development in the Middle East.
Labels: Apartments, Dubai Real Estate, Festival City, New Developments, Residential
23 Marina witnesses ninety percent sales
Monday, July 30, 2007
About ninety percent of the residential apartments of 23 Marina has been sold out with a fifty percent appreciation in price after the launch of the luxury tower in March 2005.
The Hircon International Director, Darshan Hiranandani, is said to have stated that, the product has marked a new beginning for high-rise living, and has drawn large number of end-users. Majority of the buyers are expatriates from Europe, GCC and India, who have actually purchased the units with an intention to live in the ninety storey tower.
The ETA Star Executive Director, Abid Junaid considers this as a major achievement, and has mentioned that 23 Marina, being the first project of Hircon International in the UAE, the accomplishment has been possible mainly due to the attention paid to minute details that provides an enhanced and good living experience for its residents.
The construction of 23 Marina has proceeded as scheduled, and on completion during mid-2009, it will be the tallest residential building in the world, measuring more than 380 meters in height. It comprises 48 duplex apartments on the top twenty four floors, three penthouses on top of the tower and a total of 288 apartments. It boasts of its own private plunge pool, internal elevator and Jacuzzi, landscaped gardens, temperature controlled swimming pool, jogging track, coffee parlour and such high-end luxury. The entrance of the tower will feature a six storey high lobby with panoramic elevators. Prices range from Dh.1,700,000 to Dh.8,500,000 for the duplexes.
23 Marina has also won the prestigious "CNBC Arabian Property Award for Best Architecture in 2006."
The Hircon International Director, Darshan Hiranandani, is said to have stated that, the product has marked a new beginning for high-rise living, and has drawn large number of end-users. Majority of the buyers are expatriates from Europe, GCC and India, who have actually purchased the units with an intention to live in the ninety storey tower.
The ETA Star Executive Director, Abid Junaid considers this as a major achievement, and has mentioned that 23 Marina, being the first project of Hircon International in the UAE, the accomplishment has been possible mainly due to the attention paid to minute details that provides an enhanced and good living experience for its residents.
The construction of 23 Marina has proceeded as scheduled, and on completion during mid-2009, it will be the tallest residential building in the world, measuring more than 380 meters in height. It comprises 48 duplex apartments on the top twenty four floors, three penthouses on top of the tower and a total of 288 apartments. It boasts of its own private plunge pool, internal elevator and Jacuzzi, landscaped gardens, temperature controlled swimming pool, jogging track, coffee parlour and such high-end luxury. The entrance of the tower will feature a six storey high lobby with panoramic elevators. Prices range from Dh.1,700,000 to Dh.8,500,000 for the duplexes.
23 Marina has also won the prestigious "CNBC Arabian Property Award for Best Architecture in 2006."
Labels: Apartments, Latest News, New Developments, Residential, Sales
Nakheel launches Jumeirah Heights
Thursday, July 05, 2007
Nakheel is sticking with the Jumeirah branding for its latest launch. The Jumeirah Heights will have mid-rise buildings and be a community for around 11,000 residents.
Targeted at white-collar workers and young couples, it takes its place between the Jumeirah Islands and Jumeirah Lake Towers on Shaikh Zayed Road.
Construction on the development which will feature 2,300 units started in May.
Says Mohammad bin Ghannam, Senior Manager for Jumeirah Heights, "Following the success of Jumeirah Islands and the overwhelming demand at the launch of Jumeirah Park in late 2006, we are delighted to bring this new product to market, especially at a time when people throughout the UAE are looking for exactly this kind of property."
"The key aim with Jumeirah Heights is to provide choice - both in terms of the variety of residences on offer and the financing options."
Two metro stations will be situated within reach by the time of the project's completion in 2010. Jumeirah Heights is to have three distinct areas -The Village Centre, The Fronds and The Clusters.
In the first stage of development, the Village Centre contains two mid-rise buildings featuring nearly 650 apartments and retail facilities.
The two fronds are to have two mid-rise apartment buildings and 17 townhouses. The two clusters will each house three low-rise apartment buildings with two- and three-bedroom lofts.
[Source - Property Weekly]
Targeted at white-collar workers and young couples, it takes its place between the Jumeirah Islands and Jumeirah Lake Towers on Shaikh Zayed Road.
Construction on the development which will feature 2,300 units started in May.
Says Mohammad bin Ghannam, Senior Manager for Jumeirah Heights, "Following the success of Jumeirah Islands and the overwhelming demand at the launch of Jumeirah Park in late 2006, we are delighted to bring this new product to market, especially at a time when people throughout the UAE are looking for exactly this kind of property."
"The key aim with Jumeirah Heights is to provide choice - both in terms of the variety of residences on offer and the financing options."
Two metro stations will be situated within reach by the time of the project's completion in 2010. Jumeirah Heights is to have three distinct areas -The Village Centre, The Fronds and The Clusters.
In the first stage of development, the Village Centre contains two mid-rise buildings featuring nearly 650 apartments and retail facilities.
The two fronds are to have two mid-rise apartment buildings and 17 townhouses. The two clusters will each house three low-rise apartment buildings with two- and three-bedroom lofts.
[Source - Property Weekly]
Labels: Apartments, jumeirah Heights, Nakheel, Residential
Aspire launches affordable flats in Dubai
Saturday, January 27, 2007
A Middle-income development of Dh.530 million has been developed in Jumeirah Village South in Dubai by Aspire, a property developer.
The five storey project, with twelve buildings will consist of a total of 1180 units with forty percent comprising studio and single bedroom apartments and sixty percent two bedroom units.
The minimum price for studios is Dh.275,000, while the single and double bedroom apartments will be sold at Dh.550,000 and 750,000 respectively.
Every apartment will have a minimum of one parking space and the apartments which are more than 585.2 Sq. mts in area will have two. The ground floors include retail units, health club, swimming pools, and children’s zone. Every room will have an access to wireless internet, and Tabreed district cooling systems will be provided in apartments for reducing the running costs of end-users by fifty percent.
The Managing Director of Aspire, Harshit Kantaria, during the occasion, mentioned that while ninety five percent of developers in Dubai are targeting sophisticated consumers, eighty five percent of residents in Dubai still live in rented apartments, as they are unable to afford a luxury house. He added that Aspire intends to come up with a good mix of apartments comprising all facilities, at a price which common men can afford.
He said that a couple, whose monthly income is Dh.10,000 each, can very well afford a Jehaan apartment and that Aspire is actually targeting the end-users, rather than investors. In addition, real estate agents selling Jehaan units will be given a four percent commission by Aspire.
The project is scheduled for completion by March, 2009.
The five storey project, with twelve buildings will consist of a total of 1180 units with forty percent comprising studio and single bedroom apartments and sixty percent two bedroom units.
The minimum price for studios is Dh.275,000, while the single and double bedroom apartments will be sold at Dh.550,000 and 750,000 respectively.
Every apartment will have a minimum of one parking space and the apartments which are more than 585.2 Sq. mts in area will have two. The ground floors include retail units, health club, swimming pools, and children’s zone. Every room will have an access to wireless internet, and Tabreed district cooling systems will be provided in apartments for reducing the running costs of end-users by fifty percent.
The Managing Director of Aspire, Harshit Kantaria, during the occasion, mentioned that while ninety five percent of developers in Dubai are targeting sophisticated consumers, eighty five percent of residents in Dubai still live in rented apartments, as they are unable to afford a luxury house. He added that Aspire intends to come up with a good mix of apartments comprising all facilities, at a price which common men can afford.
He said that a couple, whose monthly income is Dh.10,000 each, can very well afford a Jehaan apartment and that Aspire is actually targeting the end-users, rather than investors. In addition, real estate agents selling Jehaan units will be given a four percent commission by Aspire.
The project is scheduled for completion by March, 2009.
Labels: Apartments
Lilies Tower sold out
Wednesday, December 06, 2006
R Holdings announced that it has successfully sold all the units of the Lilies Tower. Lilies Tower is a 45 storied structure with 720 residential units and is shaped as the lily flower.
The Emirates City area has reached 5 million sq. ft and features 72 residential towers with modern shopping centers, hotels and apartments. It also has essential and entertainment needs like green tree spaces, lakes and walking alleys. The city has been designed to meet all the resident's needs and is considered the ideal place to live to experience a lavish lifestyle.
The Emirates City area has reached 5 million sq. ft and features 72 residential towers with modern shopping centers, hotels and apartments. It also has essential and entertainment needs like green tree spaces, lakes and walking alleys. The city has been designed to meet all the resident's needs and is considered the ideal place to live to experience a lavish lifestyle.
Labels: Apartments
Champions Tower II sold out
Monday, December 04, 2006
Memon Group Dubai has announced that its Dh85 million worth residential tower Champions Tower II is completely sold out.
The tower was due for delivery in 2008. However it has been sold out early following a surge of interest from investors.
Champions Tower II is a 13-storied tower with a total of 174 apartments with the choice of 72 studios, 74 one bedroom and 28 two bedroom apartments.
The tower is located in close proximity to an 18-hole golf course, a cricket stadium and academy, rugby and football grounds and a track and field stadium.
The tower was due for delivery in 2008. However it has been sold out early following a surge of interest from investors.
Champions Tower II is a 13-storied tower with a total of 174 apartments with the choice of 72 studios, 74 one bedroom and 28 two bedroom apartments.
The tower is located in close proximity to an 18-hole golf course, a cricket stadium and academy, rugby and football grounds and a track and field stadium.
Labels: Apartments
Nakheel finished 4000 apartments and villas
Friday, October 27, 2006
Nakheel is currently developing 17 projects across Dubai and has recently announced that it will hand over about 4,000 apartments and villas on the Palm Jumeirah within the next few months. Chris O’Donnell, Chief Executive Officer of Nakheel said that the Dubai property market “will continue to prosper”.
There is still huge demand for villas currently and they still have room to move price wise. With apartments, however, things might slow in the next six months. O’Donnell laid stress on the high standard of quality. He added that Nakheel is in no hurry to sell the land on the $3 billion (Dh11bn) The World project. Currently, 25 per cent of the land on the development comprising 303 islands has been sold.
Rather than counting the number of islands that they have sold, Nakheel factors in the land sold. There are two things about selling land. One is the square foot rate that you sell it at and the time when you sell it. Nakheel are at a point wherein they have sold 25 per cent of the total land mass on The World. Currently, Nakheel has got some buildings under development on some of the islands on The World. They are getting some very good interest in the sales of land and O’Donnell is very confident that it will be a huge success.
There is still huge demand for villas currently and they still have room to move price wise. With apartments, however, things might slow in the next six months. O’Donnell laid stress on the high standard of quality. He added that Nakheel is in no hurry to sell the land on the $3 billion (Dh11bn) The World project. Currently, 25 per cent of the land on the development comprising 303 islands has been sold.
Rather than counting the number of islands that they have sold, Nakheel factors in the land sold. There are two things about selling land. One is the square foot rate that you sell it at and the time when you sell it. Nakheel are at a point wherein they have sold 25 per cent of the total land mass on The World. Currently, Nakheel has got some buildings under development on some of the islands on The World. They are getting some very good interest in the sales of land and O’Donnell is very confident that it will be a huge success.
Labels: Apartments, Nakheel, Villa Projects
The Garden Apartments in Uptown Mirdiff
Thursday, October 19, 2006
The Garden Apartments, one of the four styles of apartment buildings in Uptown Mirdiff, are fully occupied for almost a year now. A busy sub-lease market has emerged for these apartments in the higher end of the market. As the project is close to the completion, there is extensive secondary market activity, whereby premiums of between 20 to 28 per cent are attained.
Superbly appointed Townhouses, stylish Rowhouses and five distinct apartment styles are planned around a Grand Piazza, the centerpiece of the community. Abundant with neighbourly appeal and filled with convenient shopping and dining outlets, UPTOWN Mirdiff is delightful, secure family living environment. Welcome to your neighbourhood.
Villas
Three Bedroom Townhouse built-up area approx 2,500 sq ft
Three Bedroom Rowhouses built-up area of approx 2,000 sq ft
Apartments
Studio Apartments of 480 sq ft
One Bedroom Apartments of 1,200 sq ft
Two Bedroom Apartments of 1,600 sq ft
Superbly appointed Townhouses, stylish Rowhouses and five distinct apartment styles are planned around a Grand Piazza, the centerpiece of the community. Abundant with neighbourly appeal and filled with convenient shopping and dining outlets, UPTOWN Mirdiff is delightful, secure family living environment. Welcome to your neighbourhood.
Villas
Three Bedroom Townhouse built-up area approx 2,500 sq ft
Three Bedroom Rowhouses built-up area of approx 2,000 sq ft
Apartments
Studio Apartments of 480 sq ft
One Bedroom Apartments of 1,200 sq ft
Two Bedroom Apartments of 1,600 sq ft
Labels: Apartments
Low cost housing availability in Dubai
Sunday, August 06, 2006
The market for studio and one-bedroom apartments in the range of Dh25,000-Dh45,000 per year simply does not exist, according to a statement by Better Homes, one of the city’s leading real estate agencies. The company said it was swamped with accommodation requests for what is practically impossible to find in today’s Dubai market. Approximately two-thirds of calls received by Better Homes are from customers looking for low-cost studios or one-bedroom apartments. The severe market shortage has left many clients infuriated with the lack of available property in the city.
High rents have dominated the Dubai market for nearly four years, now taking up the lion’s share of residents’ salaries, in some cases nearly 70 per cent. Even existing budget accommodation in International City has seen dramatic rent rises. Initial rental estimates for a studio apartment were Dh19,000 but the market price sees them nearer Dh40,000. People earning up to Dh10,000 per month are the most likely to be hit the hardest by this shortage.
Completion of studios and one-bedroom apartments in new developments such as Jumeirah Beach Residence, International City and Discovery Gardens by the first quarter of 2007 is expected to take some of the pressure off from finding accommodation for bachelors in Dubai.
High rents have dominated the Dubai market for nearly four years, now taking up the lion’s share of residents’ salaries, in some cases nearly 70 per cent. Even existing budget accommodation in International City has seen dramatic rent rises. Initial rental estimates for a studio apartment were Dh19,000 but the market price sees them nearer Dh40,000. People earning up to Dh10,000 per month are the most likely to be hit the hardest by this shortage.
Completion of studios and one-bedroom apartments in new developments such as Jumeirah Beach Residence, International City and Discovery Gardens by the first quarter of 2007 is expected to take some of the pressure off from finding accommodation for bachelors in Dubai.
Labels: Apartments, Freehold Property
