Dubai Real Estate News
UAE Property Market Trends and Reviews

Labels: Burj Dubai, Downtown, Emaar, Residential

Emaar Properties, the developer of the world’s tallest building 'Burj Dubai', has announced that the height of Burj Dubai will be increased further, and the work towards realizing this is already progressing. The final height will however, be revealed on its completion in September 2009.

Construction of two communication floors has already begun, and the structural steel work has started. Apart from increase in height, Burj Dubai is also likely to have its interior finishes upgraded. International designers from California have been revisiting the designs to make the residences more attractive and functionally superior. This process is being carried out over the past three months, with prominence given to maintaining high-quality standards.

The Chairman of Emaar, Mohamed Ali Alabbar, said "Burj Dubai is an unparalleled accomplishment in the history of mankind. The tower has been setting new benchmarks in architecture with its driving forces such as cutting edge innovation, breakthrough technology and creativity. It is now pushing its own record breaking standards further, through enhancements in height and design."

"The enhancements on Burj Dubai are being done through advanced technology and qualitative improvements. Several aspects of Burj Dubai, such as the interiors were decided in 2004. With current enhancement, we intend to introduce latest in quality considerations that will keep Burj Dubai truly exclusive," he added.

Standing high at 636 meters, Burj Dubai is already the tallest building and structure in the world. The tower has the largest number of floors than in any building. About 7500 professionals and skilled workers are employed on-site, and various infrastructure building works are being undertaken.

Labels: Burj Dubai, Emaar, Latest News

Labels: Burj Dubai, Downtown, Emaar, Luxury Homes, Residential

Developer of the world's tallest tower, Emaar Properties, yesterday stated that the Burj Dubai tower will be delayed by another eight to nine months.

Earlier this year, the company had stated that the completion of the tower is four months behind schedule. However, the company had said that it plans to complete the tower in 2008.

Burj Dubai, the tallest building in the world, is a part of $20billion Burj Dubai development, being developed by Emaar Properties. The iconic project, which includes a shopping mall, residential buildings and hotels, is pushing the frontiers of engineering, architecture and construction. The Dubai Mall, which forms a part of Burj Dubai development, will have 100 storeys on completion.

According to the company spokesman the luxury finishes that were arrived upon when the tower was conceptualized in 2004, is now receiving its final upgraded touches, and the design of the apartments too, are being enhanced to render a more attractive, aesthetic appeal.

"By ensuring upgraded apartments and living environment in Burj Dubai, Emaar emphasizes its commitment towards offering world-class, one-of-its-kind projects," the company said.

Labels: Burj Dubai, Emaar

Emaar Properties, the leading Dubai-based realty developer, has launched their Armani Residences, in the world's tallest building, Burj Dubai.

Designed by Giorgio Armani, the 144 units of Armani Residences offer a unique lifestyle experience, and are the first ever residences to be designed by Giorgio Armani. The Armani Residences complement the Armani Hotel, likely to be opened in 2008 in Dubai, and are the first to be opened on collaboration between Giorgio S.p.A and Emaar.

The single and double bedroom luxury residential suits of the Armani Residences, range from 99 sq. mt. to 208 sq. mt. in size, and are decorated with a wide range of Armani/casa home furnishings, clean lines, and the finishes and materials range from zebrawood, stone, fabric, venetian plaster and leather wall coverings. The smart-home technology is the main highlight of the residences that include 100% automated systems for temperature and drapery control, security, lighting and air-conditioning.

Every floor of the Armani Residences has its own elevator access, with full-glass panoramic windows that offer spell-binding views of the Downtown Burj Dubai.

The residents at Armani Residences also have the added benefit of enjoying the amenities at the Armani Hotel Dubai, which complements the Armani Residences, has 160 rooms offering the ultimate in hospitality standards. It offers facilities such as 24-hour room service, concierge, housekeeping, access to library spa, swimming pool and gymnasium and cigar club.

Burj Dubai, by itself, is a mixed-use tower, featuring commercial offices, leisure amenities, and serviced apartments. On its completion during late 2008, the Burj Dubai will be a perfect complement to a vast array of lifestyle options in Burj Dubai, featuring the Burj Dubai Boulevard, The Dubai Mall and various other hospitality and residential projects.

Labels: Burj Dubai, Emmar, Latest News

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 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 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 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

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.

Labels: Apartments, Burj Dubai, Emmar, Luxury Homes, Residential

The Armani Hotels and Resorts and Armani Residences, are a joint venture between Giorgio Armani, an Italian fashion designer and Emaar Properties. It is scheduled to launch its first property in Burj Dubai during 2009.


During the time of entering into the venture in 2005, Emaar had agreed for an investment of $1billion for development of ten Armani luxury hotels and resorts in major global cities. Under the terms of the agreement, Giorgio Armani S.p.A. is awarding a long term license to Emaar Hotel & Resorts LLC for the operation of a collection of luxury hotels and resorts, whereby Emaar will be fully responsible for real estate, construction, management and operations, with Giorgio Armani overseeing all aspects of content, design and style, including interiors and amenities, incorporating the various Armani fashion, beauty collections and furnishings.

The next Armani hotel has been planned in Milan, which will be followed by Marrakesh and New York.

Mohammad Al Abbar, the Emaar Chairman, said The Emaar Hotels and Resorts are in the process of undertaking several prestigious developments across the region to take advantage of the booming tourism sector.

The company has announced that Dardenne, who is currently the CEO of Emaar Hospitality Group, will guide the development of luxury projects in major cities and other emerging markets.

Labels: Burj Dubai, Emmar, New Hotels

Labels: Al Burj, Burj Dubai, Latest News, Nakheel

The prices of residential and commercial space in the world's tallest tower, Burj Dubai, are touching new heights, with current rates estimated between Dh.4000 to Dh.8000.

The Chief Executive of Coldwell Banker, Hisham El Far said "The residential space in the tower is being sold for Dh.4000 to Dh.6000 per square foot, while the commercial space is being sold for Dh.5000 to Dh.8000 per square foot. The prices have gone up by nearly 25 percent during the last few months, and are sure to increase further, with Burj reaching greater heights."

The company has entered into two deals worth Dh.45 million, and is being approached by many investors looking to invest in Burj Dubai.

El Far mentioned that it is difficult to disclose an average rate, as the prices are yet to be finalized and they tend to increase with the increase in the number of floors.

However, El Far is of the opinion that leasing the property would prove beneficial to the developer, than selling it, as there are chances of better returns from the property over the years.

Meanwhile, Emaar Properties, in their statement, said that the prices of apartments would vary depending on the level in which the apartment is based, and its finishes. They mentioned that so far, the investor responses to their homes are strong, and that they are in the process of streamlining further sale queries to accommodate this.

However, according to Dubai Land Department, there is not yet a single deal in Burj Dubai that has been registered with them. The Department mentioned that they undertake registration deals only when the building is completely finished, and that, currently all deals are only internally registered with the developer, Emaar Properties.

But, the department plans to tie-up with the company to implement the primary registration system, and the company will then have to register their sales when agreements between the parties are being done.

Labels: Burj Dubai, Dubai Real Estate, Latest News, Property Prices

Burj Dubai stands high as the tallest tower in the world at 512.1 meters, announced Emaar Properties on Saturday, the 21st July.

The Skyscraper with 141 storeys, has overtaken the Taiwan's 509m Taipei 101. The Burj also overtook the next highest, the Petronas Towers of Malaysia standing at 452m.

The tower forms a part of the Dh.73billion Downtown Dubai Complex, located off Sheikh Zayed Road, which is due to be completed during the year 2009.

However, Burj Dubai, will not be officially recognized as the tallest tower, until it is occupied. This condition is imposed by the Council for Tall Buildings and Urban Habitat, the organization that ranks the highest structures in the world.

On its completion during 2008, Burj Dubai, will also be the tallest tower in the world on the basis of all four criteria, listed by the Council on Tall Buildings and Urban Habitat.

The council measures the height until the top of the structure, the height upto the highest occupied floor, the height until the roof, and till the tip of the antenna, flag pole or the mast.

Burj Dubai took just 1276 days to be known as the tallest building in the world.

During the process of construction, Burj Dubai overtook the skyscrapers that were previously known as the tallest architecture around the world, such as the Empire State Building in New York with 381 m, the Jin Mao Building at Shanghai with 421m, the Sears Tower of Chicago (442 meters), and the Petronas Towers of Malaysia (452 meters).

The Chairman of Emaar Properties Mohamed Ali Alabbar, said "Four years ago, Burj Dubai was conceived as a ninety storey structure. But, with the inspiration from the UAE Vice President and Prime Minister and Ruler of Dubai, High Highness Shaikh Mohammed Bin Rashid Al Maktoum, to construct a global icon, we went ahead with further works on Burj Dubai."

He said "Burj Dubai is not only an architectural and engineering masterpiece in concrete, steel and glass. It is a human achievement that cannot be equaled. Burj Dubai will surely inspire the future generations to think and look beyond the ordinary and to challenge their mind and spirit."

The Council plans to hold its eighth world congress in Dubai next year, and will use Burj Dubai as a case study to point out to what extent the modern-day structures are pushing boundaries.

Labels: Burj Dubai, Dubai Real Estate, Emmar, Latest News

Labels: Burj Dubai, Latest News

The Burj Dubai, expected to be the tallest tower in the world, yesterday completed its 130th floor.

The high tower, located in the Dh.73billion Downtown Dubai Complex, off Sheikh Zayed Road, is currently 468 meters tall, which is about 16 meters higher than the Petronas Towers in Kuala Lumpur at Malaysia and just 40.9 meters shorter than the Taipei 101 Tower, which is currently the tallest building in the world, and stands are 509 meters.

On completion of construction of Burj Dubai during 2008, Burj Dubai will be the tallest building in the world, and will be recognized by the Council on Tall Buildings and Urban Habitat (CTBUH), which ranks the tallest buildings in the world.

The Executive Director of CTBUH, Antony Wood, mentioned that he keeps getting proposals about the next tallest building in the world, though most of these remain in the conception stage.

He added that "We are basing our congress in Dubai next year and one key factor is the Burj Dubai will be more-or-less structurally topped out by then."

However, wood mentioned that for the Burj Dubai to gain recognition as the tallest tower in the world, it should be topped out structurally, should be able to reach its structural height, all cladding should be one and more than anything, it will have to be inhabited.

The 130 floors were completed in 1226 days ever since the excavation work began during January 2004. Ten cranes and the quickest high-capacity construction hoists in the world, that has a speed of 2m/sec are required to move men and materials.

The chairman of Emaar Properties ( the company behind the tower), Mohammed Ali Alabbar, said that Burj Dubai is almost reaching the top, and the construction work has gained a new shape in the field of engineering technology, as it is equivalent to none.

From now, every new level at Burj Dubai will be the terminating steps in building marvel that reiterates global capabilities. Burj Dubai is expected to remain a mixed use tower with residences, hotel, offices and retail spaces.

Labels: Burj Dubai, Emmar

Dubai skyline is expected to have atleast six "super-towers" with more than hundred habitable floors, which is much more than any other city in the world.

The six super towers include the Burj Al Alam (expected to have 108 floors), Burj Dubai (continuing beyond 126 floors), Pantominium (120 storeys), Al Burj (180 to 200 floors), the Princess Tower (107 floors) and Marina 101 (with 101 floors).

These towers are in various stages of construction and Burj Dubai, expected to be the tallest tower in the world, is continuing progress adding a floor a week, and three others are in early stages of construction. The work of Al Burj, is likely to begin only on completion of the Burj Dubai tower.

On the whole, Dubai will continue to shine as the only city to have six super towers, which will boost the image of Dubai as one among the world's mega-cities, not only in terms of height, but also in design quality, aesthetics and beauty.

Dancing Towers, Dubai Towers and Burj Al Arab, is likely to be remembered for their towering heights and is likely to be well-known among tourists for their aesthetic appeal.

Dubai is considered to have the maximum number of skyscrapers and towers under construction, in terms of development, taking into consideration hundreds in Shaikh Zayed Road, and more than 1850 at the Dubai World Central Airport City.

By 2015, Dubai will rise to the position of being the only city to have "six super-towers" to its credit, making it the only city to possess so many towers of more than hundred storey on completion.

Labels: Al Burj, Burj Al Alam, Burj Dubai, New Developments, Real Estate News

Labels: Burj Dubai, Business Tower, Emmar

UAE is seeing a surge in its mortgage market, with more players offering a diversity of mortgage-related offerings. This is a good thing for the country and the people who live here. According to one leading mortgage provider in the region, total mortgage loans in the UAE are set to reach Dh20 billion by the end of this year. The market could hit Dh100 billion by the end of the decade – almost a ten-fold increase since 2004.

The UAE’s growing mortgage market is reflected in the number of home-loan providers setting up operations here. Until recently, there were only a handful of mortgage companies in the country, and the sector was dominated by local banks. Today, international financial institutions are lining up to take advantage of the lucrative business opportunities available in the region.

More competition, in turn, will lead to more attractive loan packages for buyers, which will fuel more interest among prospective homeowners, which will increase competition further, and so on. It is the best possible cycle and promises to provide an added boost to the local economy.

The reason for this is simple: An increase in mortgage availability will necessarily open up the housing market to more buyers, which will increase construction, encourage foreign direct investment, stimulate the banking sector and have a knock-on effect across many other areas.

Equally importantly, though, making home ownership more widely available will promote stability and establish ties between a country and its residents that go beyond the financial. The fact that more people are taking out mortgages signals an increase in public trust in the country’s economy and its institutions. It also suggests that people are here for the long haul. And it’s not only Dubai where this dynamic is unfolding – other emirates too are seeing a rise in the mortgage market.

As rents continue to rise and mortgage payments become more attractive, the current upward trend is sure to continue. This is good news in ways that go beyond economic considerations. No longer will owning a home be the privilege of the wealthy. No longer will people living on lower incomes be consigned to a lifetime of paying rent.

[Source : Emirates Today]

Labels: Burj Dubai, Mortgages

The construction of 900 million Burj Dubai, the world’s tallest building is behind schedule by a couple of months in comparison to the scheduled work timetable, as admitted by the officials.

The reason behind this hitch is mainly due to the bankruptcy faced by Schmidlin, the Swiss-based curtain walling giant, which was contracted for installation of exterior-cladding on the concrete tower.

Greg Sang, the Assistant Director of Projects, Emaar group, stated that they encountered problems with their Partners regarding the curtain wall cladding, which in turn left its impact on the site. He added that a new contractor is now working on the project, and is showing good progress.

However, Sang denied comments that the completion of construction would take a year later than its scheduled date i.e., the last quarter of 2008. He confirmed that though there could probably be a couple of months delay, the final completion date is still scheduled for end of 2008.

The exterior cladding of Burj Dubai will not only protect the tower from scorching temperature and dust levels, but also needs to withstand strong winds. The final floor count of the mega project is yet to be revealed, as there are rumors that the height of the building has been altered due to changes in design. Sang said that though the final floor count has been decided it is maintained confidential, though it is sure to exceed 160 floors on completion.

Labels: Burj Dubai