$300mn G Tower project launched in Dubailand
Saturday, April 19, 2008
A $300million G-Tower project has been launched in Dubailand by Galadari Investment Office (GIO) together with YOO (a Phillipe Starck and John Hitchcox-owned design company).
Located in the City of Arabia in Dubailand, the G-Tower project includes a residential G Tower and a commercial G Tower. This project in Dubai by YOO is also their first project tin the Middle East.
The G-Tower is a 45-storey tower, 280 meters in height, comprising 240 apartments spread across a gross floor area of 640,698.51 square feet.
Construction for the project has already begun, and will be complete towards 2010.
The Chairman of GIO, Rashid A.W. Galadari said "We have focused on transforming ideas of art and culture into a physical structure adding a new dimension to Middle East property development."
YOO has 45 developments that are underway in 22 countries. With a portfolio of more than $40billion, and a total built-up area of about 40 million square feet, the company is now looking for expansion into the Far East.
Located in the City of Arabia in Dubailand, the G-Tower project includes a residential G Tower and a commercial G Tower. This project in Dubai by YOO is also their first project tin the Middle East.
The G-Tower is a 45-storey tower, 280 meters in height, comprising 240 apartments spread across a gross floor area of 640,698.51 square feet.
Construction for the project has already begun, and will be complete towards 2010.
The Chairman of GIO, Rashid A.W. Galadari said "We have focused on transforming ideas of art and culture into a physical structure adding a new dimension to Middle East property development."
YOO has 45 developments that are underway in 22 countries. With a portfolio of more than $40billion, and a total built-up area of about 40 million square feet, the company is now looking for expansion into the Far East.
Labels: City-of-Arabia, Dubailand
City of Arabia developer arranges finance options
Wednesday, November 14, 2007
The Ilyas & Mustafa Galadari Group, the developers of a landmark residential and commercial development City of Arabia, in Dubailand, have entered into a deal with Dubai Islamic Bank (DIB) for financing options for their City of Arabia project.
The Chairman of the Group, Ilyas Galadari, said that the MOU is an important step forward in realizing their desire to provide Islamic financing to investors in City of Arabia. With a range of properties ranging from the Wadi Walk residential apartments to the Mall of Arabia, investors get an easy access to a wide range of financial options.
The Senior Vice President of Retail and Business Banking Services, DIB, Mohammad Ameery, expressing his excitement regarding the deal, mentioned that the City of Arabia developed by the group includes houses that are unique and modern in the UAE.
As per the MOU, the Dubai Sports City and DIB will exchange information pertaining to the property market, and other relevant information, that contributes in developing the country's property sector. The signing of the MOU is coincidental with the DIB's vision in meeting the customer requirements who wish to acquire properties in City of Arabia.
Social BookmarkingThe Chairman of the Group, Ilyas Galadari, said that the MOU is an important step forward in realizing their desire to provide Islamic financing to investors in City of Arabia. With a range of properties ranging from the Wadi Walk residential apartments to the Mall of Arabia, investors get an easy access to a wide range of financial options.
The Senior Vice President of Retail and Business Banking Services, DIB, Mohammad Ameery, expressing his excitement regarding the deal, mentioned that the City of Arabia developed by the group includes houses that are unique and modern in the UAE.
As per the MOU, the Dubai Sports City and DIB will exchange information pertaining to the property market, and other relevant information, that contributes in developing the country's property sector. The signing of the MOU is coincidental with the DIB's vision in meeting the customer requirements who wish to acquire properties in City of Arabia.
Labels: City-of-Arabia, Mortgages, Real Estate Company
City of Arabia appoints Hill International for supervision of Mall of Arabia construction
Monday, September 10, 2007
City of Arabia, the milestone project in the heart of Dubailand, has announced the appointment of Hill International, a leading global consulting firm, as the Construction Managers for the mega shopping complex, Mall of Arabia, which is one of the largest and ambitious retail outlets in the world.
Hill International has worked on major construction management projects such as the Shams in Abu Dhabi, Palm Jumeirah in Dubai, New York Hotel & Casino in Las Vegas and Comcast Center in Philadelphia.
"We are delighted to appoint Hill International as our Construction Managers. We have had a long standing relationship with Hill since 2005, and hence we appointed them as the Project Managers for City of Arabia development. We are confident that Hill can manage the construction of mega Mall of Arabia, with the progress of this challenging and innovative project further," say Ilyas Galadari, the Chairman, Ilyas & Mustafa Galadari Group.
The City of Arabia is the largest private property projects in the major development in Dubailand. The downtown Dubailand comprises the Mall of Arabia, the largest shopping mall in the region, a dinosaur theme park with 100 animatronic dinosaurs, the Restless Planet; and a 10km Wadi Walk, with Mediterrancean style apartments, shops and cafes apart from the canal - thirty four tower blocks for mixed use i.e., hotel, residential, commercial.
This realty project in Dubai, on its completion, will provided housing for about 35000 residents.
Social BookmarkingHill International has worked on major construction management projects such as the Shams in Abu Dhabi, Palm Jumeirah in Dubai, New York Hotel & Casino in Las Vegas and Comcast Center in Philadelphia.
"We are delighted to appoint Hill International as our Construction Managers. We have had a long standing relationship with Hill since 2005, and hence we appointed them as the Project Managers for City of Arabia development. We are confident that Hill can manage the construction of mega Mall of Arabia, with the progress of this challenging and innovative project further," say Ilyas Galadari, the Chairman, Ilyas & Mustafa Galadari Group.
The City of Arabia is the largest private property projects in the major development in Dubailand. The downtown Dubailand comprises the Mall of Arabia, the largest shopping mall in the region, a dinosaur theme park with 100 animatronic dinosaurs, the Restless Planet; and a 10km Wadi Walk, with Mediterrancean style apartments, shops and cafes apart from the canal - thirty four tower blocks for mixed use i.e., hotel, residential, commercial.
This realty project in Dubai, on its completion, will provided housing for about 35000 residents.
Labels: City-of-Arabia, Construction Projects, Dubailand, Mall-of-Arabia, New Contracts, Shopping Mall
