Al Fara'a Properties announces launch of Dh.1bn Burj Al Fara'a
Sunday, July 27, 2008
Al Fara'a Properties, the flagship subsidiary of Al Fara'a Construction, Industrial and Property Group has announced the launch of Burj Al Fara'a, worth Dh.1billion, the state-of-the-art commercial tower located at the heart of Jumeirah Village.
The launch of this project is aimed at meeting the strong demand for commercial space in Dubai. It is expected that about 86million square feet of built space will be covered for office space by the year 2010.
The state-of-the-art 38 storey commercial tower will see its ground breaking by December 2008, and is likely to be complete by December 2011. Burj Al Fara'a, will be a highly impressive business location that caters to both local and multinational businesses, seeking to establish their strong presence at commercial business district Jumeirah Village, which is nearing 60 percent completion.
The Director of Al Fara'a Properties, Natasha Gangaramani, said that priority would be given for timely completion of the project, which will be constructed to match the highest industry standards.
Studies indicate that Dubai ranks second to Moscow in terms of commercial floor space, with limited stock of quality office space in Dubai. The insufficient supply and comparatively cheaper rates compared to other property destinations such as London continue to be a major factor behind the growth of Dubai as a premier business hub.
Burj Al Fara'a construction will progress as per rigid timetable set up by the company for timely completion of the project. Al Fara'a Properties also plans to undertake several other project launches as a part of their expansion plan for 2008, intended to bolster the company's portfolio and establish position as the top developer in the UAE.
Labels: Business Tower, Commercial Property, Jumeriah Village, Office Space
Credo announces completion of Le Solarium in Dubai Silicon Oasis
Sunday, July 13, 2008
Credo Investments FZE has announced completion of their first project in the country, the Dh.405mn Le Solarium, which is also the first commercial project to be completed and delivered at the Dubai Silicon Oasis (DSO).
The project work, which was awarded to Sun Engineering and Contracting Company (LLC) began during third quarter of 2006. The project targets key businesses in the business and economic hub, with customized IT infrastructure.
The President of Credo Investments FZE, Sajjad Rashid, said that completion of this project will enhance the credibility of the company in the eyes of customers, and help boost up the confidence that the customers have placed in Credo.
Each office rooms is innovatively and elegantly designed, incorporating all the latest amenities. The easy accessibility of Le Solarium from the Global Village and Dubai Airport, and also its proximity to Knowledge Village and Dubailand, makes Le Solarium, all the more attractive.
The commercial center, which is a G + 14 storey building, includes state-of-the-art amenities that spread across the 71,000 square feet of space. Designed by National Engineering Bureau, Le Solarium features amenities such as a business center for conferences and meetings, customized infrastructure for telecommunications, private kitchen and bathrooms in each unit, wireless connections for high-speed internet, climate and light control, excellent security system, a food court, a shopping center, a health club and swimming pool and parking amenities for more than 600 cars.
Spreading across 7million square meters of space, DSO has been designed to be the most comprehensive and integrated micro-electronics based Technology Park. The DSO attracted an investment of $1.6bn this year.
Labels: Business Tower, Dubai Silicon Oasis
World's first Turning Timepiece Building in Dubai
Wednesday, June 25, 2008
For the first time in the history of architecture, a structure in Dubai has been designed in a manner such that it moves in synch with earth, sun and time.
Positioned on the 550 east longitude line, Dubai is more than just an exotic getaway, on the north-eastern coast of Arabian Peninsula. Although the residents and tourists in Dubai will have to face soaring temperatures, the new structure unveiled has brought about a new dimension to living, by bringing in some cool to Dubai.
The 3600 Time World TM has announced the world's first Turning Timepiece Building - 550 Time Dubai TM which is ready to break ground on 8th August 2008 in Dubai.
550 Time Dubai TM is an accurate 'Timepiece Building' that is powered by the sun and scientific imagination. It turns 360 degrees in 7 days, offering 3600 panoramic penthouse views to all apartments offering a new view of the city each day.
Being a winner of international CNBC award for the best 'high rise' architecturally designed building in 2007, the building will be the first of 24 Timepiece Buildings likely to be constructed around the world, with all turning in total synchronization, with unique rotation technology under license from 3600 Time World TM. Each of the individual Timepiece Buildings will be made by internationally renowned designers and architects, with latest eco-friendly technology.
The Director of 3600 Time World TM Tay Singh, said "Press conferences are being planned for New York, Delhi, Moscow and Hong Kong, to enable the architectural vision behind the Timepiece Buildings to be brought to the notice of the world. The approach will explain the manner in which buildings can harness the power of nature, making them iconic, architecturally unique and eco-friendly."
550 Time Dubai TM is approved by Dubai Government's RERA (Real Estate Regulatory Authority). The developer, along with Meraas Holdings Limited, a newly established leading entity in Dubai, are finalizing a joint venture agreement for the development of the 550 Time Dubai TM tower.
The development team plans to begin mobilization of the project by 8th August 2008, aiming to complete the structure by 10th October 2010, and the handing over of apartments by 11th November 2011.
3600 Time World TM plans to build 24 Turning Timepiece mixed use developments (residential and hotel), that are sustainable, eco-friendly and unique signature buildings in leading cities of the world. On completion, these buildings will operate with the power of nature, in sync with the hour, offering a 24 hour world time view in real time. These eco-friendly buildings are likely to be located and named by the natural mathematical longitudinal line of the planets.
Labels: Business Tower, Dubai Real Estate, eco-friendly, Latest News
Construction work commences on Dubai Towers
Monday, June 23, 2008
Sama Dubai, a member company and subsidiary of Dubai Holding (a holding company established by Dubai government), yesterday announced about the commencement of construction work on its Dubai Towers.
Placed amidst beautifully landscaped islands in the heart of Dubai, the cluster of towers will represent most sophisticated architecture. The center-piece of Dubai Towers - The Lagoons Central Business District will comprise four residential, commercial, retail and hospitality towers.
Developed at a cost of Dh.20billion, the development is easily accessible from the metro station, and is connected to The Lagoons.
The Executive Chairman of Sama Dubai, Farhan Faraidooni, said "At Sama Dubai we have gained necessary resources to undertake architectural and engineering models that transform skyscrapers to a reality. We will include all measures so as to make it the new icon of real estate development and innovation on a global level."
The ground breaking for the towers was done on 21st June, and the enabling works will continue till 2009. Comprising 60 to 91 storeys, the towers are likely to be delivered by 2014.
Spreading across a built-up area of more than 12.5million square feet, the towers will include health spas, restaurants, entertainment facilities, high-end retail, gymnasiums, hotels and apartments.
The Dubai Towers are so designed that they symbolize a candlelight movement, and each aspect of the design contributes to the creation of this visual façade. The towers will comprise spiraling structures that rotate elliptically around vertical axis and produce an visually distinctive outline for each of the four towers.
With the increase in height of the building, the floor size progressively diminishes, with the floor plate design of each towers being unique.
A scale model of the Dubai Towers and The Lagoons are being displayed at the Central Boulevard of Emirates Towers.
Located adjacent to Ras Al Khor Wildlife Sanctuary, The Lagoons, an award-winning development, offers harmonious existence with surrounding eco-systems. The Lagoons, which features museums, theatres, arts center, Dubai Opera House and music conservatory, will be highly appealing to residents and tourists alike.
Dubai Towers too will have the same level of environmental consciousness and will be LEED certified.
Labels: Business Tower, Construction Projects, Dubai Holdings
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.
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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
Al Barakah real estate group to build tallest tower in Ajman
Tuesday, May 27, 2008
The Dubai-based Al Barakah real estate group, which has made its strong presence felt in all segments of real estate sector, and which currently holds a project portfolio of more than Dh.8billion, has now announced the launch of 'Manara Ajman', which is likely to be the tallest tower in Ajman.
The 95-storey tower will be a part of Dh.4bn mixed-use development in Marmooka City, being developed by Al Barakah group. Although, the exact height of the tower is yet to be revealed, Manara Ajman, adds an interesting vertical dimension to Ajman's skyline.
Manara Ajman, known as 'Lighthouse of Ajman' in Arabic, will be a part of the large multi-storeyed project -The Crest. The Crest comprises freehold commercial, residential and retail segments along with modern entertainment, lifestyle, leisure and fine dining opportunities.
The CEO of Al Barakah, Imran Khan, said "The Crest is the most ambitious project that Al Barakah has ever done till date. It is an iconic development that renders Ajman with its first tallest tower ever. Manara Ajman adds a distinct advantage to the project, and is ideally positioned as the gateway to Markmooka City."
Manara Ajman, the 6 million square feet development will include four other towers - the Burj Regal, the Burj Royale, the Burj Monarch and the Burj Regent. The Burj Regent and Burj Monarch will share a common podium, incorporating diverse retail opportunities that spreads across more than one million square feet of area, with a dedicated car parking for the retail sector.
Designed by Primatec International, the project is scheduled to be complete by 2012.
Labels: Ajman, Business Tower
AAA Appraisers launches the Eclipse Tower in Dubai
Thursday, May 22, 2008
A development arm of AAA International Group, AAA Appraisers, yesterday launched the $200million Eclipse Tower in Dubai Jumeirah Village.
The project, which covers a gross built-up area of 350,000 square feet, with an additional 55,000 square feet of retail space, will also feature a sky golf course.
"This is a record of sorts. Dubai has never experienced a sky golf course, featuring bunkers, water hazards and pioneering water management system that maintains the golf course with minimal wastage of water," said Ebrahim, the General Manager of AAA.
The project also introduces another new concept in Dubai, wherein, the moment investors buy an office in the tower, they will be able to move into a fully furnished office. In the normal course projects, on the other hand, businesses will have to wait for two to three years before the keys of their office are handed over. The company aims to introduce a paradigm shift in the realty industry this way.
Featuring high standard modern amenities that promote both convenient and professional business standards, it also includes options for relaxation after the hectic working hours. The officer offer stunning views of the canal within the Jumeirah Village South, while the five high-speed elevators carry employees to their respective offices in a fast and comfortable manner. The golf course in the tower is the first-of-its-kind to be built in a commercial office tower in Dubai, which offers clients and businessmen a unique working environment.
Ideally located amongst the major roads in Dubai - the emirates road and Al Khail Road, the commuters no doubt will be benefited from the new metro too, which links the Dubai International Airport to its new residential development. The prime location is sure to attract foreign investors who further promote the growth of Dubai's currently blossoming economy.
Construction of the project is likely to commence by end of September 2008, and will be complete by end of 2010.
The sales of the tower will be launched within the next few months at the rate of Dh.1600 per square foot.
The Eclipse Tower, has already received approval from Dubai's RERA (Real Estate Regulatory Authority) and has an escrow account with Emirates Islamic Bank.
Social BookmarkingThe project, which covers a gross built-up area of 350,000 square feet, with an additional 55,000 square feet of retail space, will also feature a sky golf course."This is a record of sorts. Dubai has never experienced a sky golf course, featuring bunkers, water hazards and pioneering water management system that maintains the golf course with minimal wastage of water," said Ebrahim, the General Manager of AAA.
The project also introduces another new concept in Dubai, wherein, the moment investors buy an office in the tower, they will be able to move into a fully furnished office. In the normal course projects, on the other hand, businesses will have to wait for two to three years before the keys of their office are handed over. The company aims to introduce a paradigm shift in the realty industry this way.
Featuring high standard modern amenities that promote both convenient and professional business standards, it also includes options for relaxation after the hectic working hours. The officer offer stunning views of the canal within the Jumeirah Village South, while the five high-speed elevators carry employees to their respective offices in a fast and comfortable manner. The golf course in the tower is the first-of-its-kind to be built in a commercial office tower in Dubai, which offers clients and businessmen a unique working environment.
Ideally located amongst the major roads in Dubai - the emirates road and Al Khail Road, the commuters no doubt will be benefited from the new metro too, which links the Dubai International Airport to its new residential development. The prime location is sure to attract foreign investors who further promote the growth of Dubai's currently blossoming economy.
Construction of the project is likely to commence by end of September 2008, and will be complete by end of 2010.
The sales of the tower will be launched within the next few months at the rate of Dh.1600 per square foot.
The Eclipse Tower, has already received approval from Dubai's RERA (Real Estate Regulatory Authority) and has an escrow account with Emirates Islamic Bank.
Labels: Business Tower, Jumeriah Village, Office Space
IRIS launches IRIS Crystal commercial tower at Business Bay
Saturday, May 03, 2008
IRIS, a leading property developer in the region, has officially launched the Dh.600mn IRIS Crystal, during an event held at the InterContinental Hotel on 28th April.
Located at the heart of Business Bay, the 25-storey five-star luxury business development is a freehold office tower, covering 300,000 Square Feet of floor space and 12,000 Square Feet of retail space on the ground level.
Designed by well-known international architects, Aedas, IRIS Crystal will be a commercial tower with prominent architectural features and rich interiors with finest fittings and innovative technologies incorporated. The tenants will have access to a wide range of amenities including health and fitness facilities, state-of-the-art business center, retail outlets all complemented by modern office infrastructure.
The interior will be so designed that it ensures efficient usage of space and light, accommodating six high-speed elevators, nine levels of parking with sufficient parking space for 672 cars, 24 hours secturity, high-speed internet connectivity in all units, state-of-the-art CCTV systems, Smart Card access control, apart from offering unparalleled aesthetics, which ensures high return on investments.
The starting prices of units at IRIS Crystal is nearly Dh.2,976 per Sq. Ft.
The IRIS CEO and the Managing Director of Sheth Estate, Ashwin Sheth, when speaking during the launch, mentioned that the impressive growth of Dubai economy has led to increased demand for office space at prime locations, and that IRIS is proud to introduce another iconic development in Dubai's prime business hub.
The IRIS CEO and the Managing Director of Sheth Estate, Ashwin Sheth, when speaking during the launch, mentioned that the impressive growth of Dubai economy has led to increased demand for office space at prime locations, and that IRIS is proud to introduce another iconic development in Dubai's prime business hub.
Labels: Business Bay, Business Tower, Commercial Property, Freehold Property
Abu Dhabi's iconic development Capital Gate on track
Wednesday, April 30, 2008
Capital Gate, the Abu Dhabi's iconic real estate development is progressing as scheduled, revealed ADNEC (Abu Dhabi National Exhibition Company), the master developer of Capital Gate.
The current phase of construction of the 35-storey iconic tower, involves pouring of more than 6000 cubic meters of concrete to create a base for the 160 meters.
Capital Gate is scheduled for completion in 2009, and thereafter it is expected to house an executive five-star hotel Hyatt in Abu Dhabi, which will be the first Hyatt hotel in the capital. It will also provide the most exclusive office space ever in Abu Dhabi.
Capital Gate is scheduled for completion in 2009, and thereafter it is expected to house an executive five-star hotel Hyatt in Abu Dhabi, which will be the first Hyatt hotel in the capital. It will also provide the most exclusive office space ever in Abu Dhabi.
Simon Horgan, the ADNEC CEO, said "There is nothing standard about the tower. Each room, each pane and every angle is different. It was designed to provide no symmetry to inspire both observers and visitors."
ADNEC is a top class MICe (Meetings, Incentives, Conferences and Exhibitions) venue in the Middle East.
ADNEC is a top class MICe (Meetings, Incentives, Conferences and Exhibitions) venue in the Middle East.
DNEC is following an expansion strategy with an aim of catalyzing the MICE industry in Abu Dhabi, and is developing a business and leisure district spreading across 148,000 square meters of land, known as Capital Center.
Located in close proximity to the airport, the Dh.8bn Center will house the state-of-the-art Abu Dhabi National Exhibition Center, an iconic 35-storey Capital Gate, a micro-city consisting of commercial, residential and hotel accommodation, waterfront leisure zone, a marina and an existing grandstand.
Labels: Abu Dhabi, Business Tower, Office Space
ETA unveils VERDE Residences and Offices at Dubai Maritime City
Tuesday, April 29, 2008
The leading UAE property developer, ETA Star Properties, have announced the launch of VERDE Residences and Offices in Dubai Maritime City.
Comprising two towers, VERDE Residences and Offices are designed to earn Gold ratings in accordance with the US Green Building Council's LEED (Leadership in Energy and Environment Design) programme.
Located in Dubai Maritime City, near Port Rashid in Dubai, VERDE Towers are designed by renowned architects Adrian Smith and Gordon Gill. The towers are so designed that they utilize the natural forces of light, wind and geothermal mass and recyclable construction materials, along with maximum use of other energy-efficient systems and technologies.
The entire project includes two towers - residential and commercial. The 33 storey curtain-glazed VERDE office tower is trapezoidal in shape, covering a built-up area of 820,000 square feet. It features podium offices and a unique sky garden.
The 48 storey glass tower, VERDE residential tower, is boat-shaped, covering a built-up area of 1.35mn square feet. It is inclusive of double and triple bedroom units, apart from penthouses and four bedroom duplex townhouses on podium liner.
ETA Star has already built several beautiful homes and living communities apart from world-class business and commercial developments across the region. Due to this excellent track record of ETA, the regional banks have developed confidence in ETA Star Properties and a strong credibility has been established with the leading financial institutions in the region.
ETA is currently developing several million square feet of premium properties in several Middle East and South-East Asian countries such as UAE, India, Qatar, Turkey, Oman and Sri Lanka.
Labels: Business Tower, Environment-friendly, ETA-Star
Memon awards Dh.40.35m Cambridge contract to Cairo Group
Wednesday, March 19, 2008
A leading Dubai-based property developer, Memon Investments, a part of Memon Group of Companies, has been awarded with a contract worth Dh.40.35mn for construction of its Dh.80m Cambridge Business Center.
This high-profile project at Dubai Silicon Oasis (DSO) is the first commercial development of Memon, and was won by Cairo Contracting Company (CCC).
During the moment of signing the contract, the Joint Managing Director of Memon Investments, Rizwan Shaikhani, said "Our vision for an ideal business development is rapidly approaching fulfillment with this important contract being awarded to our new partner, Cairo Contracting Company. We are confident that CCC will match the high-standards of our previous projects. In the process of realizing another magnificent achievement for Memon Investments, as a leading developer in the UAE, we see outstanding prospects for Cambridge Business Center, as an important business address in Dubai."
The strategic location of Cambridge Business Center within the leading integrated innovations hub of the region, coupled with its hi-tech industries and outstanding designs, has contributed to the Cambridge Business Center being sold completely within weeks after its launch.
With classic British architecture across its 108 small, medium and large offices, the business tower will feature advanced technologies such as the Wi-Fi technology, hi-speed internet connectivity and keyless entry.
To serve the commercial tenants, the development would include 11 retail shops on the ground floor, a travel agency, banking facility, and amenities required for rest and relaxation, such as a state-of-the-art health club on the rooftop.
Being one of the largest construction companies in Egypt, CCC holds a portfolio of nearly LE800m and carries numerous prestigious construction works for prominent global companies to its credit.
Labels: Business Tower, Construction Projects, Dubai Silicon Oasis
Omniyat launches Octavian, twin-tower at Business Bay
Saturday, March 08, 2008
Omniyat Properties has announced the launch of 19-storey modern office twin-tower, Octavian, in Business Bay, which happens to be the eighth project by the company in the prestigious downtown business hub of the city.Octavian, is another 'intelligent' development by Omniyat that reflects futuristic technologies, and is named after 'Galius Julius Caesar Octavianus', the first emperor of Rome and the man behind the most significant developments of the eternal city.
The President and CEO of Omniyat Properties, Medhi Amjad, said "Emperor Octavianus is remembered for his dynamic and inspirational approach to development, the qualities, which we believe are reflected in the unique structure of Octavian, a modern interpretation of a three-dimensional ornament."
The Octavian, which has received approval of RERA (Real Estate Regulatory Authority in Dubai), is a joint-venture between Omniyat and Investate, a Bahrain-based real estate investment company in which Omniyat has a 40 percent stake.
Even before its public launch, 13 floors out of the 19 floors of Octavian were sold within two days. According to a company official, the mad rush is due to the confidence that customers posses in the Omniyat brand name coupled with the strong international appeal of Business Bay.
The Octavian is a unique form of two-transparent towers, connected by a black center-piece, which is so designed that it sparkles in sunlight, emanating lightness and strength. The interior is designed in a manner so as to deliver easy maintenance and operation, along with a classic touch. Both towers of the Octavian has three podiums and four basement parking levels with 1250 bays and hi-tech security as a part of the facility. The ground floor of the building will be alive with 60,000 square feet of land set aside for retail space including restaurants, shops and other outlets.
Located in close proximity to Dubai International Convention and Exhibition Center and the Dubai International Financial Center, the Octavian is designed by Kling Consult, a renowned German Engineering. Enabling work of the project will begin in the third quart this year, and will be complete by 2011.
The Dh.1.2bn project will be the first project of Omniyat this year, and is one of the eight developments which will quadruple the value of the company's Dubai property portfolio to Dh.21bn this year.
Last year the company had doubled its sales and tripled its profits compared to that achieved during the year 2006.
Labels: Business Bay, Business Tower, Office Space, Omniyat
Boris Becker Tower unveiled in Dubai
Tuesday, February 26, 2008
A leading German real estate developer and affiliate of Alternative Capital Investments, ACI real estate, has announced completion of its Dh.2.2 billion worth 'Triology Project', through the launch of 'Boris Becker Business Tower'.
The Boris Becker Business Tower includes three commercial towers with each being 19 storey high, covering an area of 250,000 square feet in area and a gross commercial space of 452,000 square feet.
Speaking during the occasion of the launch, the tennis legend, Boris Becker, stated that the Dubai city, with its state-of-the-art-infrastructure matches the offerings of this tower, and the regional investment climate is founded on valid economic fundamentals.
He continued, "I have been fortunate enough to have a career, but, just as in any athlete's life, the end is inevitable. So now, I can plan my second career, and travel to most exciting destinations like Dubai."
The ACI Managing Director, Robin Lohmann revealed that ACI plans to expand its portfolio with new projects expected at Ajman and Abu Dhabi.
"We have long term commitments in the UAE market, which is reflected in our recent project launches and branch expansion to Abu Dhabi. The initial five projects on Reem Island in Abu Dhabi are due for launch shortly, and another ACI office will be open in Doha, towards the second half of this year. These developments provide investors with the opportunity to participate in a city, known and respected throughout the world."
The ACI real estate project, The Sports Legends Triology, is backed by Nikki Lauda, Michael Schumacher and Boris Becker who have lent their names to the project.
The tower is worth around Dh.500 million, with all the units already sold out. The project is due for completion by 2009 or 2010, in Business Bay.
Social BookmarkingThe Boris Becker Business Tower includes three commercial towers with each being 19 storey high, covering an area of 250,000 square feet in area and a gross commercial space of 452,000 square feet.
Speaking during the occasion of the launch, the tennis legend, Boris Becker, stated that the Dubai city, with its state-of-the-art-infrastructure matches the offerings of this tower, and the regional investment climate is founded on valid economic fundamentals.
He continued, "I have been fortunate enough to have a career, but, just as in any athlete's life, the end is inevitable. So now, I can plan my second career, and travel to most exciting destinations like Dubai."
The ACI Managing Director, Robin Lohmann revealed that ACI plans to expand its portfolio with new projects expected at Ajman and Abu Dhabi.
"We have long term commitments in the UAE market, which is reflected in our recent project launches and branch expansion to Abu Dhabi. The initial five projects on Reem Island in Abu Dhabi are due for launch shortly, and another ACI office will be open in Doha, towards the second half of this year. These developments provide investors with the opportunity to participate in a city, known and respected throughout the world."
The ACI real estate project, The Sports Legends Triology, is backed by Nikki Lauda, Michael Schumacher and Boris Becker who have lent their names to the project.
The tower is worth around Dh.500 million, with all the units already sold out. The project is due for completion by 2009 or 2010, in Business Bay.
Labels: Business Bay, Business Tower, Commercial Property
DCC to construct new tower in Meydan City
Monday, February 18, 2008
Dubai Contracting Company (DCC) has been awarded a contract to construct new mixed-use tower in the Meydan City.
Located in the heart of Dubai's urban frontier, the project includes a total built-up area of 300,000 square feet, dedicated to luxurious, residential, commercial, and office spaces.
The tower would form a significant contribution to the Meydan City development, which includes 26 storeys, with two basements, a ground level and five podium floors.
Meeting both professional and residential needs, the modern high-quality tower will depict the standards applied to all other DCC turnkey projects.
"Located just about 7kms from the Dubai International Airport, the Meydan City, is a major future hub for Dubai, with high expectations for the project," said the DCC Contracts Director, Ian Harper.
Social BookmarkingLocated in the heart of Dubai's urban frontier, the project includes a total built-up area of 300,000 square feet, dedicated to luxurious, residential, commercial, and office spaces.
The tower would form a significant contribution to the Meydan City development, which includes 26 storeys, with two basements, a ground level and five podium floors.
Meeting both professional and residential needs, the modern high-quality tower will depict the standards applied to all other DCC turnkey projects.
"Located just about 7kms from the Dubai International Airport, the Meydan City, is a major future hub for Dubai, with high expectations for the project," said the DCC Contracts Director, Ian Harper.
Labels: Business Tower, Construction Projects, New Contracts
ACI launches Michael Schumacher business tower in Dubai
Saturday, February 09, 2008
A prestigious business tower, "Michael Schumacher Business Avenue" has been launched by ACI Real Estate in Business Bay, Dubai. ACI is an affiliate of Alternative Capital Invest Gmbh, a leading alternative investment solution firm.
The tower is the second phase of the sports-branded real estate project by ACI, which is an ambitious plan to transform the Business Bay district into an architectural delight, defined by three spectacular towers, each of which are named after legendary sports super-stars.
The Business Avenue offer prominent office spaces with eye-catching views of Burj Dubai, the world's tallest building. The tower also houses the first Michael Schumacher Business Center that offers hi-tech facilities, with state-of-the-art design that matches international standards.
The launch of the business tower is the second in a series of three projects, introduced into the market by ACI. The Niki Lauda Twin Tower has been already launched last month, and Boris Becker Business Tower, is next in line to be launched in February 2008.
The tower was launched by the Seven-time Formula One World Champion, Michael Schumacher himself. Speaking on the occasion of the launch, the Managing Director of ACI, Robin Lohmann, said that only few properties in the world can boast about the direct involvement from the greatest F1 driver in the world. Michael Schumacher represents the commitment and energy to excel, and the ambition required for every business enterprise to reach the top position, and only a city like Dubai, befits such an association.
Social BookmarkingThe tower is the second phase of the sports-branded real estate project by ACI, which is an ambitious plan to transform the Business Bay district into an architectural delight, defined by three spectacular towers, each of which are named after legendary sports super-stars.
The Business Avenue offer prominent office spaces with eye-catching views of Burj Dubai, the world's tallest building. The tower also houses the first Michael Schumacher Business Center that offers hi-tech facilities, with state-of-the-art design that matches international standards.
The launch of the business tower is the second in a series of three projects, introduced into the market by ACI. The Niki Lauda Twin Tower has been already launched last month, and Boris Becker Business Tower, is next in line to be launched in February 2008.
The tower was launched by the Seven-time Formula One World Champion, Michael Schumacher himself. Speaking on the occasion of the launch, the Managing Director of ACI, Robin Lohmann, said that only few properties in the world can boast about the direct involvement from the greatest F1 driver in the world. Michael Schumacher represents the commitment and energy to excel, and the ambition required for every business enterprise to reach the top position, and only a city like Dubai, befits such an association.
Labels: Business Bay, Business Tower, Dubai Real Estate
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
Swift progress of construction work at Sobha Ivory I and II
Thursday, December 27, 2007
Sobha Group, the well-known Indian-based realty developer, is making swift progress with its first two commercial projects, recently launched in Dubai.
The construction work is progressing in full swing at the Sobha Ivory I and Sobha Ivory II towers at Business Bay, as the Indian realty giant continues to leave its impression in the Middle East market.
The construction work is progressing in full swing at the Sobha Ivory I and Sobha Ivory II towers at Business Bay, as the Indian realty giant continues to leave its impression in the Middle East market.
The sales of Sobha Ivory I and Ivory II real estate projects were complete within 8 months, which indicates the growing popularity of Sobha with investors and end-users. The iconic and modern business towers offer commercial and retail space that has been sold on a freehold basis.
The Vice Chairman of the Group, Ajay Rajendran, said that Sobha Ivory I and II have marked the entry of the group into Dubai, as a property developer, and that they are thrilled by the phenomenal success of the projects, which were sold in record time.
The Vice Chairman of the Group, Ajay Rajendran, said that Sobha Ivory I and II have marked the entry of the group into Dubai, as a property developer, and that they are thrilled by the phenomenal success of the projects, which were sold in record time.
Labels: Business Bay, Business Tower, Freehold Property
Pearl Dubai FZ LLC reveals purchase of Dh 3bn Dubai Pearl
Thursday, December 20, 2007
A Consortium of investors, Pearl Dubai FZ LLC, led by the Al Fahim Group, Abu Dhabi-based group, has announced that it has purchased and repositioned the $3billion worth Dubai Pearl real estate development.The project, located within the Dubai Media and Technology Free Zone (TECOM), facing The Palm Jumeirah, will cover a built-up area of more than 15 million square feet.
Abdul Majeed Al Fahim, the Chairman of Board of Directors, Pearl Dubai, while speaking during a press conference, mentioned that Dubai is growing at an unprecedented pace, and that 'Dubai Pearl' will be a unique addition to the real estate landscape of the emirate.
Dubai Pearl is an integrated, mixed-use sustainable development with all major components located within 400 meters of each other, and is expected to be complete by December 2010.
The residential segment of Dubai Pearl Towers will include Sky Palaces with private gardens and pools, Sky Penthouses, luxury-branded condominiums and apartments. It also features boutique, offices, renowned hospitality brands, state-of-the-art theatre with a capacity for 1500 to 2000 people, a luxury fashion precinct located within a premier shopping mall, cinemas, and multi-cuisine food courts.
The construction of 'Dubai Pearl' would begin immediately. The project is considered to be unique, as the infrastructure amenities, including a well-linked road network are all in place, facilitating easy access to all major residential and commercial areas such as the Jumeirah, Dubai Internet City and Dubai Media City.
Labels: Business Tower, Latest News, Luxury Homes, New Developments