Cayan's Infinity Tower at Dubai Marina makes steady progress
Tuesday, June 30, 2009
The leading real estate developers in the region, Cayan Investment and Development, mentioned that its Infinity Tower development at the Dubai Marina, has hastened its construction process and has achieved a major progress on site.
The 80-storey tower offers stunning view of Dubai Marina. The podium levels, comprising six storeys are complete. Arabtec has been appointed as the main contractor of the project, with over 1000 workers in the site, working round-the-clock to ensure the right construction schedule.
The progress is an indication of the impressive track record by Cayan Investment and Development on keeping up with their project schedules, and the dedication by Arabtec towards the project.
The Chairman of Cayan, Ahmad Al Hatti, when speaking about the project construction, mentioned that the progress made on construction of the project reflects the meticulous care that Cayan lends to every aspect of its projects.
On completion, the tower will offer world-class amenities and offer tenants with a vast array of unique services and state-of-the-art amenities.
The construction work has now reached the seventh storey within the past six months. The development has already received a total of six design awards over the past three years, including the International Architecture Award from ‘Chicago Athenaeum’.
In December 2008, Cayan delivered 4 out of its seven projects in Dubai, and hopes to deliver the rest three projects between 2010 and 2011. Apart from projects in Dubai, Cayan has few mega projects in Egypt and Jeddah.
The 80-storey tower offers stunning view of Dubai Marina. The podium levels, comprising six storeys are complete. Arabtec has been appointed as the main contractor of the project, with over 1000 workers in the site, working round-the-clock to ensure the right construction schedule.
The progress is an indication of the impressive track record by Cayan Investment and Development on keeping up with their project schedules, and the dedication by Arabtec towards the project.
The Chairman of Cayan, Ahmad Al Hatti, when speaking about the project construction, mentioned that the progress made on construction of the project reflects the meticulous care that Cayan lends to every aspect of its projects.
On completion, the tower will offer world-class amenities and offer tenants with a vast array of unique services and state-of-the-art amenities.
The construction work has now reached the seventh storey within the past six months. The development has already received a total of six design awards over the past three years, including the International Architecture Award from ‘Chicago Athenaeum’.
In December 2008, Cayan delivered 4 out of its seven projects in Dubai, and hopes to deliver the rest three projects between 2010 and 2011. Apart from projects in Dubai, Cayan has few mega projects in Egypt and Jeddah.
Labels: Construction Projects, Dubai Marina
Investors choose to walk-out of Ivory Tower project
Thursday, June 11, 2009
Foundation work on the long-delayed Ivory Tower in Dubai, which had resumed work six months back, has once again come to a standstill. Several buyers are seen walking away from their investment in the Sukook Group's project, which is already three years overdue.
One of the investor, who spoke to The National clearly said "Why should we pay for an imaginary tower?"
This is another property development in Dubai that focuses on the problems associated with sale of off-plan properties, as buyers are refusing to pay for something that they have already lost faith in, while the developers have no cash to continue construction.
The Director of Sokook Investment Group, Mohammed Binghalib, agreed that he has not drawn a salary for the past nine months. He also agreed the company has trimmed staff and other overheads at the firm, to compensate for limited cash flow.
The company is now trying to get investors to pay 30 percent to cover the cost of foundations work, while the rest can be paid inline with construction. This is as per the new payment plan drawn together with Dubai's RERA this year.
Binghalib says "There are few people who are genuine buyers and make payments regularly, but there are others without property finances, earning may be Dh.10,000 per month, and have bought six apartments. They are now fighting us."
Few purchasers are refusing to abide by the new payment plan, and say that with construction languishing for more than three years, they fear that Ivory Tower will never be built.
According to Binghalib, the delay has been caused by a dispute over land with TECOM, where Ivory Tower is located. The dispute was resolved with the help of Dubai Land Department last summer.
The company's announcement early last year, saying that the contracts with buyers would be cancelled, with 20 percent of sale price retained, took buyers by shock. The buyers even suspected that Sokook was trying to take back the apartments that were sold for up to Dh.650 per sq. ft. to sell them for more.
So far more than 100 buyers are believed to have defaulted on payments, preferring to cut their losses.
Binghalib said that the company requires its customers to fulfil their obligations towards completion of the building, which is now scheduled towards end of 2011.
According to Binghalib, all money collected for the project had been deposited in an escrow account and invested only in the project. The company now aims to try and collect 30 percent from buyers prior to construction.
One of the investor, who spoke to The National clearly said "Why should we pay for an imaginary tower?"
This is another property development in Dubai that focuses on the problems associated with sale of off-plan properties, as buyers are refusing to pay for something that they have already lost faith in, while the developers have no cash to continue construction.
The Director of Sokook Investment Group, Mohammed Binghalib, agreed that he has not drawn a salary for the past nine months. He also agreed the company has trimmed staff and other overheads at the firm, to compensate for limited cash flow.
The company is now trying to get investors to pay 30 percent to cover the cost of foundations work, while the rest can be paid inline with construction. This is as per the new payment plan drawn together with Dubai's RERA this year.
Binghalib says "There are few people who are genuine buyers and make payments regularly, but there are others without property finances, earning may be Dh.10,000 per month, and have bought six apartments. They are now fighting us."
Few purchasers are refusing to abide by the new payment plan, and say that with construction languishing for more than three years, they fear that Ivory Tower will never be built.
According to Binghalib, the delay has been caused by a dispute over land with TECOM, where Ivory Tower is located. The dispute was resolved with the help of Dubai Land Department last summer.
The company's announcement early last year, saying that the contracts with buyers would be cancelled, with 20 percent of sale price retained, took buyers by shock. The buyers even suspected that Sokook was trying to take back the apartments that were sold for up to Dh.650 per sq. ft. to sell them for more.
So far more than 100 buyers are believed to have defaulted on payments, preferring to cut their losses.
Binghalib said that the company requires its customers to fulfil their obligations towards completion of the building, which is now scheduled towards end of 2011.
According to Binghalib, all money collected for the project had been deposited in an escrow account and invested only in the project. The company now aims to try and collect 30 percent from buyers prior to construction.
Labels: Construction Projects
Al Fajer projects progressing as scheduled
Monday, June 08, 2009
Al Fajer Properties has announced that all its projects are well on track.
According to a recent voluntary construction audit carried out by RERA (Real Estate Regulatory Agency), the results confirm that work on Phase one (Ebony and Ivory towers) is nearly 80 percent complete, while the phase 2 is nearly 15 percent complete, and the work is in progress at present. The Phase 1 is due for handover by the end of this year.
The audit also confirms that Al Fajer has achieved maximum transparency and completely adheres to RERA guidelines.
The President of Al Fajer, Shaikh Maktoum Bin Hasher Al Maktoum, said "During the past several companies followed the brokers and sales agents and did not adhere to good business methodologies, and it was easy to sell properties due to excessive demand. But, today just as is the case of any developed economy, Dubai is returning to fundamentals. "
Companies that strongly focus on management and performance will be able to do well under the present market conditions, Shaikh Maktoum said.
He appreciated RERA in helping to boost investor confidence, and continued that Dubai is well-placed to take advantage of any market recovery, although there are still difficult times for the rest of the year, in store.
"With the introduction of third party construction auditors, RERA and publication of results, RERA is half-way into transforming Dubai property market into a factual, rational one, while also maintaining high level of transparency," he said.
According to a recent voluntary construction audit carried out by RERA (Real Estate Regulatory Agency), the results confirm that work on Phase one (Ebony and Ivory towers) is nearly 80 percent complete, while the phase 2 is nearly 15 percent complete, and the work is in progress at present. The Phase 1 is due for handover by the end of this year.
The audit also confirms that Al Fajer has achieved maximum transparency and completely adheres to RERA guidelines.
The President of Al Fajer, Shaikh Maktoum Bin Hasher Al Maktoum, said "During the past several companies followed the brokers and sales agents and did not adhere to good business methodologies, and it was easy to sell properties due to excessive demand. But, today just as is the case of any developed economy, Dubai is returning to fundamentals. "
Companies that strongly focus on management and performance will be able to do well under the present market conditions, Shaikh Maktoum said.
He appreciated RERA in helping to boost investor confidence, and continued that Dubai is well-placed to take advantage of any market recovery, although there are still difficult times for the rest of the year, in store.
"With the introduction of third party construction auditors, RERA and publication of results, RERA is half-way into transforming Dubai property market into a factual, rational one, while also maintaining high level of transparency," he said.
Labels: Al Fajer, Construction Projects
Bonyan International plans hand-over of 1000 units in 2009
Thursday, May 21, 2009
Bonyan International Investment Group, a leading real estate company in Dubai, has announced that it will deliver about 1000 property units by the end of second quarter of this year.
The developer revealed that three of its projects Dubai Gate 1, Sharjah Gate Tower and Abbco Tower have been already sold to investors.
Currently, all three projects are in its final stages of completion. The developer is finalizing the legalities for Abbco Tower and Dubai Gate 1, while the Sharjah Gate Tower is undergoing construction.
Located in the Al Nahda area, the Sharjah Gate Tower is all set to be one of the tallest towers in Sharjah. It comprises 42 storeys, with luxurious double and triple bedroom apartments, a basement, nine parking storeys, a pool, a gymnasium and two service floors.
Abbco Tower is another Sharjah-based project, offering affordable studios, single and double bedroom apartments overlooking the city and an array of state-of-the-art facilities.
Strategically position in the heart of Dubai, the Dubai Gate 1 is a 35-storey tower, which include comfortable and stylish single, double and triple bedroom apartments.
The Vice Chairman of the Board at Bonyan International Investment Group, Anas Atatreh, said that the company plans delivery of 1000 property units within its project portfolio, particularly at present when developers are facing hurdles in completion of their committed projects.
Few other projects by the Group are the Lulu Tower, Rose Tower and Dubai Gate 2 amongst others.
The developer revealed that three of its projects Dubai Gate 1, Sharjah Gate Tower and Abbco Tower have been already sold to investors.
Currently, all three projects are in its final stages of completion. The developer is finalizing the legalities for Abbco Tower and Dubai Gate 1, while the Sharjah Gate Tower is undergoing construction.
Located in the Al Nahda area, the Sharjah Gate Tower is all set to be one of the tallest towers in Sharjah. It comprises 42 storeys, with luxurious double and triple bedroom apartments, a basement, nine parking storeys, a pool, a gymnasium and two service floors.
Abbco Tower is another Sharjah-based project, offering affordable studios, single and double bedroom apartments overlooking the city and an array of state-of-the-art facilities.
Strategically position in the heart of Dubai, the Dubai Gate 1 is a 35-storey tower, which include comfortable and stylish single, double and triple bedroom apartments.
The Vice Chairman of the Board at Bonyan International Investment Group, Anas Atatreh, said that the company plans delivery of 1000 property units within its project portfolio, particularly at present when developers are facing hurdles in completion of their committed projects.
Few other projects by the Group are the Lulu Tower, Rose Tower and Dubai Gate 2 amongst others.
Labels: Bonyan, Construction Projects
Damac announces Dh2bn worth construction contracts for 2009
Wednesday, May 06, 2009
Damac Properties has announced plans to award Dh.2bn worth construction contract this year, with an aim to deliver an additional 7100 units by the end of next year.
Damac also announced successful completion of 500 storey across all its projects in Dubai.
The Chairman of Damac Holding, Hussain Sajwani, said "Our focus for 2009 and 2010 is construction and delivery. We plan to give away Dh.2bn worth contracts for construction of ten new projects. Damac has already achieved a milestone by completing 500 floors of residential, commercial and retail units so far, and we plan to double this number soon."
Last year, the company had awarded Dh.2.5bn worth of contracts. This year, majority of the contracts awarded will be main contracts.
Damac has already delivered about 2300 units during the past six months and is considering an aggressive delivery plan during the next two years. This includes plan to deliver 25 towers by the end of 2009.
The developer is currently focussing on full-fledged construction. Damac has already completed enabling works at the Lincoln Park at Arjan, Dubailand. The XL Tower at Business Bay has reached the third storey, while the Smart Heights has reached half-way point of construction at 15 floors. External cladding and painting has already begun at Emirates Garden in Jumeirah Village, while the company has completed the enabling works for Executive Bay development at Business Bay.
Damac also announced successful completion of 500 storey across all its projects in Dubai.
The Chairman of Damac Holding, Hussain Sajwani, said "Our focus for 2009 and 2010 is construction and delivery. We plan to give away Dh.2bn worth contracts for construction of ten new projects. Damac has already achieved a milestone by completing 500 floors of residential, commercial and retail units so far, and we plan to double this number soon."
Last year, the company had awarded Dh.2.5bn worth of contracts. This year, majority of the contracts awarded will be main contracts.
Damac has already delivered about 2300 units during the past six months and is considering an aggressive delivery plan during the next two years. This includes plan to deliver 25 towers by the end of 2009.
The developer is currently focussing on full-fledged construction. Damac has already completed enabling works at the Lincoln Park at Arjan, Dubailand. The XL Tower at Business Bay has reached the third storey, while the Smart Heights has reached half-way point of construction at 15 floors. External cladding and painting has already begun at Emirates Garden in Jumeirah Village, while the company has completed the enabling works for Executive Bay development at Business Bay.
Labels: Construction Projects, Damac Properties
Work initiated at Tameer's Platinum Towers
Wednesday, April 15, 2009
Tameer, the leading property developer, has commenced its works on the mixed-use twin tower development located at Dubai’s Business Bay, namely, The Platinum Towers.
The CEO of Tameer, Ghassan Sheiknini, expressed his happiness over the commencement of works, and said that this emphasizes the commitment by the company to meet the expectations of investors and customers.
The Development Director of Platinum Towers, John Zwets, said that the site mobilization, which began in early February, has been continuing for the past couple of weeks.
In the next few weeks, the secant-wall piles will be installed to retain the parking basement excavation, he revealed.
Located at the heart of Dubai's Business Bay, the Platinum Towers includes two 29-storey towers, positioned adjacent to each other. Each tower comprises 3 basements, one ground floor with state-of-the-art amenities, including health club, gymnasium hall, 984 parking spaces and shopping amenities.
The CEO of Tameer, Ghassan Sheiknini, expressed his happiness over the commencement of works, and said that this emphasizes the commitment by the company to meet the expectations of investors and customers.
The Development Director of Platinum Towers, John Zwets, said that the site mobilization, which began in early February, has been continuing for the past couple of weeks.
In the next few weeks, the secant-wall piles will be installed to retain the parking basement excavation, he revealed.
Located at the heart of Dubai's Business Bay, the Platinum Towers includes two 29-storey towers, positioned adjacent to each other. Each tower comprises 3 basements, one ground floor with state-of-the-art amenities, including health club, gymnasium hall, 984 parking spaces and shopping amenities.
Labels: Business Bay, Construction Projects, Tameer
i-Rise Tower on track for completion in 2010
Thursday, April 02, 2009
Realty Capital has announced completion of works on the fifth podium floor slab of its i-Rise Business Tower project. The company has confirmed that the project is on track for its scheduled completion by mid-2010.
At present, work is in progress on two more slabs to complete the podium structure, comprising huge concrete and steel quantities.
Even the mechanical and electrical works are going as scheduled, and the interior designing team has already reviewed the finishes and is working on the best possible design to match the magnificent façade.
Covering a built-up area of 1.8million square feet, i-Rise Tower is one of the largest office towers in the region.
Being one of the major office developments in the region, i-Rise has been successful in generating attention from potential tenants and investors. Hence we are determined to continue with the development, without any delay and complete the project within the scheduled time frame, said Marwan Mansour, CEO of Realty Capital.
On completion, i-Rise tower would comprise 37 storeys with premium facilities like 18 high-speed elevators, retail space, fitness center, restaurants, cafes, and large multi-storey car parking. The unique design of the tower would make it a popular landmark in Dubai.
At present, work is in progress on two more slabs to complete the podium structure, comprising huge concrete and steel quantities.
Even the mechanical and electrical works are going as scheduled, and the interior designing team has already reviewed the finishes and is working on the best possible design to match the magnificent façade.
Covering a built-up area of 1.8million square feet, i-Rise Tower is one of the largest office towers in the region.
Being one of the major office developments in the region, i-Rise has been successful in generating attention from potential tenants and investors. Hence we are determined to continue with the development, without any delay and complete the project within the scheduled time frame, said Marwan Mansour, CEO of Realty Capital.
On completion, i-Rise tower would comprise 37 storeys with premium facilities like 18 high-speed elevators, retail space, fitness center, restaurants, cafes, and large multi-storey car parking. The unique design of the tower would make it a popular landmark in Dubai.
Labels: Business Tower, Construction Projects, Office Space
Abu Dhabi's Tameer Towers under review
Thursday, March 26, 2009
Tameer Holding announced yesterday that its Dh.5.78bn Tameer Towers project at the Reem Island in Abu Dhabi, has been put under review.
According to the company sources, the developer is planning to cancel its construction contracts with Al Habtoor Engineering, Al Rajhi Contracting and Murray & Roberts. However, the company is also said be thinking about the option of hiring the same contractors at re-negotiated prices.
According to a company official, Tameer has however confirmed that the Tameer Towers project will move ahead. The enabling works are already completed, and the residential sub-structure works would begin on completing this assessment.
Currently several real estate developers are re-negotiating construction contracts, as the prices of raw materials such as steel and concrete have fallen, and in few cases, the developers have even passed on the savings to buyers by lowering home prices to increase sales.
Tameer Holding had laid off more than half of its employees late last year, when the property sector swept into recession. The Tameer Towers is expected to be a major project of the Shams Abu Dhabi development on Reem Island. The project was planned to include six towers, with four residential and one commercial building, and a hotel, apart from other amenities.
According to the company sources, the developer is planning to cancel its construction contracts with Al Habtoor Engineering, Al Rajhi Contracting and Murray & Roberts. However, the company is also said be thinking about the option of hiring the same contractors at re-negotiated prices.
According to a company official, Tameer has however confirmed that the Tameer Towers project will move ahead. The enabling works are already completed, and the residential sub-structure works would begin on completing this assessment.
Currently several real estate developers are re-negotiating construction contracts, as the prices of raw materials such as steel and concrete have fallen, and in few cases, the developers have even passed on the savings to buyers by lowering home prices to increase sales.
Tameer Holding had laid off more than half of its employees late last year, when the property sector swept into recession. The Tameer Towers is expected to be a major project of the Shams Abu Dhabi development on Reem Island. The project was planned to include six towers, with four residential and one commercial building, and a hotel, apart from other amenities.
Labels: Abu Dhabi, Construction Projects
Damac's new futuristic tower at TECOM, completes 15-storeys
Thursday, March 12, 2009
Damac Properties will be adding a new futuristic tower to the TECOM skyline, with its Smart Heights development already half-way towards completion. Featuring the latest in office technology and gadgetry, the Smart Heights tower has reached its 15th storey, and is on schedule to hit the final 21st storey, by end of this year.
The project has ECC as their main contractors. The other project by Damac at TECOM is the Executive Heights project, which saw completion in 2008.
Covering 288,000 square feet of office space, the Smart Heights has all the 21 storeys of the project, being either leased or purchased. Among the smart facilities included in the project, are the security card access control, automated boardrooms, energy efficient lighting systems, touch pad request screens for elevators with LCD response panels.
The electrical, mechanical and plumbing works are underway at Smart Heights, so that all wiring, pipes and cabling is well-integrated, and contracts for internal fixtures and fittings, such as lighting, signage and sanitary ware are in the process of being handed-over.
According to Hussain Sajwani, the Chief Executive of Damac, offering the latest technology is now a necessity for developers, and that office locations in Dubai had to differentiate themselves this way.
TECOM is hoped to be a vibrant business community, and will be a great location for companies offering excellent access to both Al Khail Roads and Sheikh Zayed Road, apart from TECOM metro station, which will be at just a walking distance of few minutes.
Sajwani added that Smart Height will be unique not only for its futuristic design, but also for its modern technology. Apart from 21 office storeys, the building will have a day-care center health club and outdoor swimming pool to relax after a hectic day at work, al l situated within the lush landscape surroundings.
Labels: Construction Projects, Damac Properties
Developer modifies Jumeirah Gardens project to suit market needs
Tuesday, March 10, 2009
Meeras Development plans to speed-up the Dh.350bn Jumeirah Gardens project, upon stabilization of real estate market.
In view of the rapid changes in the property market, and owing to global economic conditions, Meraas Development is now focusing on adapting its master-plan, designs and product mix, inline with present market conditions.
The company, in its statement, said that it plans to redefine the short-term strategy and approach to focus on developing initial phases of Jumeirah Gardens, while also confirming its commitment towards developing an integrated city in the heart of Dubai. The project, when progressed in phases, would provide an opportunity for the company, to analyze investor interest and develop details of the master plan and state-of-the-art infrastructure.
Launched in October 2008, the Jumeirah Gardens projects by Meraas is a mixed-use development, including seven district areas spread across an 110mn square feet land area. Located along the northern end of Sheikh Zayed Road, between Safa Park and Diyafa Street, the project would require 12 years for completion.
The existing site would be re-developed to create a mixed-use freehold and leasehold development, which will be an integrated city within city. A transportation network will link low, medium and high-density areas with business, retail, residential, leisure and recreational components.
Covering about 820,000 square meters, the phase one of the project would include six main blocks of low, mid and high-rice office, residential and retail buildings, two hotels, and high-end shopping space.
The developer plans eight buildings in Jumeirah Gardens, including One Park Avenue, One Dubai, and Park Gate, with six buildings. The project aims to cater to a population of 50,000 to 60,000 residents.
In view of the rapid changes in the property market, and owing to global economic conditions, Meraas Development is now focusing on adapting its master-plan, designs and product mix, inline with present market conditions.
The company, in its statement, said that it plans to redefine the short-term strategy and approach to focus on developing initial phases of Jumeirah Gardens, while also confirming its commitment towards developing an integrated city in the heart of Dubai. The project, when progressed in phases, would provide an opportunity for the company, to analyze investor interest and develop details of the master plan and state-of-the-art infrastructure.
Launched in October 2008, the Jumeirah Gardens projects by Meraas is a mixed-use development, including seven district areas spread across an 110mn square feet land area. Located along the northern end of Sheikh Zayed Road, between Safa Park and Diyafa Street, the project would require 12 years for completion.
The existing site would be re-developed to create a mixed-use freehold and leasehold development, which will be an integrated city within city. A transportation network will link low, medium and high-density areas with business, retail, residential, leisure and recreational components.
Covering about 820,000 square meters, the phase one of the project would include six main blocks of low, mid and high-rice office, residential and retail buildings, two hotels, and high-end shopping space.
The developer plans eight buildings in Jumeirah Gardens, including One Park Avenue, One Dubai, and Park Gate, with six buildings. The project aims to cater to a population of 50,000 to 60,000 residents.
Labels: Construction Projects, Jumeirah-Garden-City, Real Estate News
Dubai Properties confirms delivery of Al Waha villas
Friday, March 06, 2009
Dubai Properties has announced its decision to hand-over the Dh.735mn worth Al Waha Villas, towards the second quarter of this year.
A spokesperson of Dubai Properties, said that the company is particular about the timely delivery of Al Waha residential units, and the eagerness of buyers to move into their new homes.
Inline with this, Dubai Properties also plan to offer lease units at the "558 Community Development", which comprise 414 Mediterranean-styled exclusive villas and 144 apartments.
A member of Dubai Properties Group, Salwan Property Management, said that it plans to provide facilities management services to residential communities.
Waha is an exclusive gated residential community, located in the heart of Dubailand. A luxurious enclave of 260 Mediterranean-styled villas is located among rows of towering palm trees and well-manicured gardens.
The architectural concept of Al Waha, includes beautiful buildings, warm hues and terracotta roofs and cobbled driveways. The freehold Mediterranean-style residential development includes 260 exclusive villas and townhouses with luxurious enclave.
Spreading across a built-up area of 1.9million square feet, the Al Waha villas includes 48 double bedroom apartments, 96 three-bedroom apartments, 102 three-bedroom villas, 180 two-bedroom villas and 132 four-bedroom villas. The 558 Community Development features children playgrounds, and 24-hour concierge services too.
A spokesperson of Dubai Properties, said that the company is particular about the timely delivery of Al Waha residential units, and the eagerness of buyers to move into their new homes.
Inline with this, Dubai Properties also plan to offer lease units at the "558 Community Development", which comprise 414 Mediterranean-styled exclusive villas and 144 apartments.
A member of Dubai Properties Group, Salwan Property Management, said that it plans to provide facilities management services to residential communities.
Waha is an exclusive gated residential community, located in the heart of Dubailand. A luxurious enclave of 260 Mediterranean-styled villas is located among rows of towering palm trees and well-manicured gardens.
The architectural concept of Al Waha, includes beautiful buildings, warm hues and terracotta roofs and cobbled driveways. The freehold Mediterranean-style residential development includes 260 exclusive villas and townhouses with luxurious enclave.
Spreading across a built-up area of 1.9million square feet, the Al Waha villas includes 48 double bedroom apartments, 96 three-bedroom apartments, 102 three-bedroom villas, 180 two-bedroom villas and 132 four-bedroom villas. The 558 Community Development features children playgrounds, and 24-hour concierge services too.
Labels: Construction Projects
Deyaar confirms delivery of seven major Dubai projects in 2009
Saturday, February 21, 2009
Deyaar, the leading property developer, has announced plans to deliver more than seven of its projects in 2009, constituting more than 1300 units of its diverse project portfolio.
The projects due for delivery this year are The Citadel -the commercial tower, and Hamilton Residency -residential tower, both located at Business Bay. Other projects due for delivery this year are Madison Residency - the residential project at TECOM, and Coral Residence, Jade Residence, Ruby Residence, and Saphire Residence, all located at Dubai Silicon Oasis.
The Chief Executive of Deyaar, Markus Giebel, remarked that this confirms the company's commitment to its investors and customers, despite the challenging conditions faced by the property sector.
Deyaar is well-placed to build on its current growth momentum and helps clients to overcome short-term constraints within the market. With the timely delivery of the projects, Deyaar is one again remaining firm on its commitment to meet the requirements of clients through comprehensive customer support strategy, such as enhanced payment support programme and individual bank financing assistance, he added.
Giebel mentioned that the projects are located along major growth corridors of Dubai, and Deyaar is pleased to deliver these quality projects during the year.
Being one of the fastest growing property companies in the region, Deyaar Development PJSC, currently is the foremost in the region's property sector, focusing on property development, facilities management, marketing and sales.
The projects due for delivery this year are The Citadel -the commercial tower, and Hamilton Residency -residential tower, both located at Business Bay. Other projects due for delivery this year are Madison Residency - the residential project at TECOM, and Coral Residence, Jade Residence, Ruby Residence, and Saphire Residence, all located at Dubai Silicon Oasis.
The Chief Executive of Deyaar, Markus Giebel, remarked that this confirms the company's commitment to its investors and customers, despite the challenging conditions faced by the property sector.
Deyaar is well-placed to build on its current growth momentum and helps clients to overcome short-term constraints within the market. With the timely delivery of the projects, Deyaar is one again remaining firm on its commitment to meet the requirements of clients through comprehensive customer support strategy, such as enhanced payment support programme and individual bank financing assistance, he added.
Giebel mentioned that the projects are located along major growth corridors of Dubai, and Deyaar is pleased to deliver these quality projects during the year.
Being one of the fastest growing property companies in the region, Deyaar Development PJSC, currently is the foremost in the region's property sector, focusing on property development, facilities management, marketing and sales.
Labels: Construction Projects, Deyaar
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
Hydra Village Abu Dhabi units to be delivered by Q2 2009
Sunday, February 15, 2009
The leading UAE-based property developer, Hydra Properties, has achieved another milestone by announcing plans about hand-over of units of Hydra Village Abu Dhabi, one of its major community developments. The units will be delivered during mid-2009, as it completes Phase I of the mega project.The leading property developer has also announced that excavation work for Phase II is nearly 20% complete, and the construction is progressing as scheduled. This achievement underlines the commitment by Hydra to complete the prestigious project on schedule by December 2010.
Speaking about the progress of the project, the CEO of Hydra Properties, Dr. Sulaiman Al Fahim, said that the timely delivery of Hydra Village Abu Dhabi units is one of the ways of expressing the company's dedication towards providing their clientele with complete satisfaction of services and offerings.
The construction of the project is currently monitored by few well-established contractors in the construction industry, such as Blue Sea, PAL Technology, Ersa, Abu Dhabi Land, Samer Group, Bayunah, and NEB Consultants.
Hydra Village Abu Dhabi is more of an eco-living retreat, designed by laying emphasis on conservation. It offers all amenities, and smart technologies, associated with modern living, while also offering eco-living at its best.
Strategically located, near Al Reef Palace in Abu Dhabi, Hydra Village Abu Dhabi is a residential community surrounding a total area of 950,000 square metres, with 2500 well-furnished villas, and 17 residential apartment blocks.
The units are featured with excellent amenities, including schools, mosques, clinic, and retail units that make the community a self-sufficient family destination.
Labels: Abu Dhabi, Construction Projects, eco-friendly
Al Mazaya maintains timely delivery of Icon Towers at Lake Jumeirah
Thursday, February 12, 2009
One of the leading property companies in the region, Al Mazaya Holding, has maintained its schedule of delivering 800 residential units at the Icon 1 and Icon 2 projects at Lake Jumeirah.Al Mazaya has put in lot of effort, to ensure timely delivery of these properties to the owners in early 2009. It has assured that the other projects by the company will also be delivered within two years, thereby contributing its bit to the target of Dubai market to receive 70,000 residential units during 2009-10.
The Icon 1 and Icon 2 are the first projects to be completely sold out at Lake Jumeirah, although 120 other residential towers are also underway. Both Icon 1 and Icon2 residential towers comprise a total of 400 units that overlook the Jumeirah Lake on one side, and Jumeirah Islands on the other.
Fathi Dhamiri, SVP Projects at Mazaya Dubai, mentioned that despite the challenges faced during the development of the tower, all obstacles have been overcome, and the project has been scheduled in time.
Dhamiri mentioned that the timely delivery of these residential units implies the company's commitment towards its clients, and added that, Al Mazaya is currently developing three commercial towers, called Business Avenue for the business class in the area. Currently Business Avenue is 50 percent complete, and the units will be handed over towards end of 2010.
Dhamiri also did mention that the project is strongly supported by the Dubai Government, and that it is the first to be developed on Lake Jumeirah.
Nakheel's Al Manara project makes swift progress
Tuesday, February 03, 2009
About 1042 houses, constituting 40 percent of the Al Manara waterfront project by Nakheel, one of the largest developers in UAE has been completed. Nakheel plans to handover the units towards end of the year.
The Waterfront, which is one of the largest waterfront projects in the world, is twice the area of Hong Kong Island, and aims to accommodate a population of 1.5million.
According to the Managing Director of Waterfront, Marwan Al Qamzi, the construction work is progressing swiftly, with more than 1000 units being completed.
The Manarah District in Badrah, constitutes one-third of Badrah, which is the first active gateway to the Waterfront. Major infrastructural works of Stage One of Manarah is now complete, and 75% of networks and facilities are in place, with 80% of sewerage and irrigation infrastructure too being completed.
Badrah has four districts that are interlinked to each other by a central boulevard. Manarah includes educational, residential and civic amenities. All buildings will meet the LEED (Leadership in Environmental Design Green Building Rating System) ratings performance standard.
The Waterfront, which is one of the largest waterfront projects in the world, is twice the area of Hong Kong Island, and aims to accommodate a population of 1.5million.
According to the Managing Director of Waterfront, Marwan Al Qamzi, the construction work is progressing swiftly, with more than 1000 units being completed.
The Manarah District in Badrah, constitutes one-third of Badrah, which is the first active gateway to the Waterfront. Major infrastructural works of Stage One of Manarah is now complete, and 75% of networks and facilities are in place, with 80% of sewerage and irrigation infrastructure too being completed.
Badrah has four districts that are interlinked to each other by a central boulevard. Manarah includes educational, residential and civic amenities. All buildings will meet the LEED (Leadership in Environmental Design Green Building Rating System) ratings performance standard.
Labels: Construction Projects, eco-friendly, Nakheel
Construction of Remraam Community makes good progress
Sunday, February 01, 2009
More than 60 percent of the infrastructure works for the 23.5million square foot Remraam Community has been completed. The excavation works for foundations of 71 percent of buildings are also complete.The contractors are working on various stages of construction across the four phases of Remraam development. The work is under progress on building sub and super-structures of the buildings, the company said in its statement.
The infrastructure of the community, which includes water supply, sewerage and irrigation works is currently underway, and also mobilization is on for electrical sub-stations, in collaboration with Dubai Electricity and Water Authority.
The CEO of Tatweer Investments, Mizin's parent company, said that accelerating progress at Remraam development, emphasizes the core values of Mizin, its customer focus and transparency, apart from its commitment in delivering high quality product within scheduled time frame.
Labels: Community, Construction Projects
Work on Nakheel Tower paused for a year
Monday, January 19, 2009
Construction work on Dubai's Nakheel Tower will be halted for a year, the company spokesman revealed to the media yesterday. The tower was destined to be one of the world's tallest towers on completion.Several workers who have been working on the project have been laid off. A Nakheel spokesman, who spoke to the press, mentioned that all further work on the foundations of 'Nakheel Harbour and Tower' will be halted for a year. The works are likely to take nearly three years for completion.
A senior official of the company told the media that the employees have been laid off as "work on the project has been stopped until further notice."
The tower was planned to be the centr-piece of the 270-hectare 'Marina Development', called 'Nakheel Harbour and Tower' adjacent to the Ibn Battuta Mall and the Arabian Canal in Dubai.
About 200 floors and 150 elevators would comprise the Nakheel Tower, which will rise to height of more than a kilometre, and take about 10 years for completion of work in phases.
Owing to global financial turmoil, Nakheel announced towards end of last year, that it planned to put on hold several flagship projects, including the Turnip International Hotel and Tower, apart from 500 or more job layoffs due to global financial turmoil.
Nakheel also revealed that projects such as 'Gateway Towers', 'Trump Towers' and 'Frond N Villas' on the Palm Jumeirah, would also be delayed. Even most of its Waterfront projects, including a series of man-made island will be delayed, the company said.
However, Nakheel has confirmed that work would progress on the Madinat Al Arab, Badra, Venetto and the Canal District, although the area of construction on the six man-made islands would be stopped temporarily.
The series of man-made islands, named 'The Universe', is shaped in the form of the Sun, the Moon and the Planets, which wraps around Nakheel's The World project. It has been delayed with work being restricted to preliminary engineering studies.
As for the Palm Jebel Ali, Nakheel said work on the fond villas and infrastructure for the crescent would continue, while other phases would be delayed, while the duration of delay has not been disclosed.
The company confirmed that work on all other projects by the company, including 'The World' and 'Palm Deira' would continue as planned.
Labels: Construction Projects, Nakheel
Work on Dubai Festival City to be delayed: Al Futtaim Group
Sunday, January 18, 2009
The developer of Dubai Festival City, Al Futtaim Group Real Estate has delayed works on part of the development, to take advantage of fall in construction costs.A company spokesman yesterday revealed that the company was being more cautious in reviewing the Dh.11billion residential, entertainment and business hub, where the construction began in 2003 and is likely to be completed in phases over 20 years.
Although the overall development plans have not been altered, the work on certain elements will continue as had been originally planned. The projects are being managed in manner so as to maximize potential reductions in construction costs occurring due to current economic realities.
"Al Futtaim Group Real Estate will always consider ways to manage its portfolio in the best interest of its shareholders. The project continues as per our long-term business plan," said the company statement.
Sources reveal that three projects by the company have been put on hold, including the Al Badia Business Center, the W Hotel and an extension to the retail facilities which began in 2007, and the construction works of Four Seasons Hotel too, has been delayed due to changes to the design.
About 10million square feet, which forms large part of Dubai Festival City, has already been completed including the two hotels, the Festival Center Shopping mall, and Al Badia Hillside Village.
Labels: Construction Projects, Festival City
BID makes swift progress with its Bawabat Al Sharq project
Thursday, January 15, 2009
Baniyas Investment and Development Company (BID), the investment arm of Bani Yas Sports Club, has reported considerable progress in its Dh.3billion Bawabat Al Sharq project, the mixed-use development community located in Bani Yas of Abu Dhabi.
The Phase I of the project is likely to be completed towards third quarter of 2010, and has already cross 15 percent of its completion landmark, with other infrastructure plans already underway.
The company has also revealed that 90 percent of the Phase I of the project, totaling to 190 units has already been sold and leased.
The CEO of BID, Wael Tawil, when speaking about the progress of the project, revealed that following the successful sale and lease of Phase I of Bawabat Al Sharq, the contracts for various other components of the project have already been awarded and the company is now carrying on with planning stages for Phase II.
Being the ideal representation for a family living environment, Bawabat al Sharq offers world-class amenities in healthcare, education, sports and entertainment.
BID is carrying on discussions with major financial institutions to offer effective financing options for all customers, due to slowdown in property financing in the market.
Being one of the top contracting companies, BID has appointed 'Target Contracting' as contractors for Phase I of the project. The landscaping design contract for the project has been awarded to Maunsell/AECOM, while the overall design and supervision contract has been awarded to World Planner Consultant Engineers. The company is carrying on talks to finalize the contracts for amenities in entertainment avenues.
Spreading across 108 hectares of land, Bawabat al Sharq comprises international school, nursery, health club, medical center, and specialty training clubs, apart from international hypermarket, 16 food courts, cinemas, pharmacies and coffee shops.
Established in 2005, Bani Yas Investment & Development Company (BID) is a majority-owned subsidiary of Bani Yas Sports Club, and focuses on development, investment and management of real estate projects.
The Phase I of the project is likely to be completed towards third quarter of 2010, and has already cross 15 percent of its completion landmark, with other infrastructure plans already underway.
The company has also revealed that 90 percent of the Phase I of the project, totaling to 190 units has already been sold and leased.
The CEO of BID, Wael Tawil, when speaking about the progress of the project, revealed that following the successful sale and lease of Phase I of Bawabat Al Sharq, the contracts for various other components of the project have already been awarded and the company is now carrying on with planning stages for Phase II.
Being the ideal representation for a family living environment, Bawabat al Sharq offers world-class amenities in healthcare, education, sports and entertainment.
BID is carrying on discussions with major financial institutions to offer effective financing options for all customers, due to slowdown in property financing in the market.
Being one of the top contracting companies, BID has appointed 'Target Contracting' as contractors for Phase I of the project. The landscaping design contract for the project has been awarded to Maunsell/AECOM, while the overall design and supervision contract has been awarded to World Planner Consultant Engineers. The company is carrying on talks to finalize the contracts for amenities in entertainment avenues.
Spreading across 108 hectares of land, Bawabat al Sharq comprises international school, nursery, health club, medical center, and specialty training clubs, apart from international hypermarket, 16 food courts, cinemas, pharmacies and coffee shops.
Established in 2005, Bani Yas Investment & Development Company (BID) is a majority-owned subsidiary of Bani Yas Sports Club, and focuses on development, investment and management of real estate projects.
Labels: Abu Dhabi, Construction Projects
Damac makes steady progress for timely delivery of Ocean Heights project
Saturday, December 27, 2008
In a bid to deliver its project on schedule, Damac Properties is said to be making steady progress on the 'Ocean Heights Tower' project at Dubai Marina, by completing one floor every 5.2days.The leading construction contractor, Arabtec, is constructing the 84-storey skyscraper and currently the staffs are successfully delivering one entire floor in little more than five working days, it has been reported.
The Damac CEO, Peter Riddoch, said "Ocean Heights is likely to be one of the most iconic projects with a twisting architectural design, which is now taking shape. People passing by the building at Dubai Marina can catch a glimpse of the "turning" appearance of the building, as it reaches its 30th floor."
He added that, Damac is closely working with Arabtec, and more swift progress could be expected by early 2009 on this iconic building.
On completion, Ocean Heights is likely to house 680 single, double and triple bedroom apartments with underground parking bay. The tower incorporates all necessary amenities such as swimming pool, state-of-the-art gymnasium, beaches, tennis, serene gardens, artificial lakes, and jaccuzi.
The tower enjoys easy access to Jumeirah Beach, Wild Wadi Water Park, Dubai Marina, Ibn Battuta Mall and Emirates Golf Club.
Labels: Construction Projects, Damac Properties
Cayan's Dorra Bay project at Dubai Marina, completed
Sunday, December 21, 2008
Cayan Investment and Development has announced completion of their Dh.350mn Dorra Bay project in Dubai Marina.
The developer also revealed completion of four out of six towers progressing in the Marina. The towers are already being handed-over to the clients.
Dorra Bay project is a 22-storey residential tower, launched in April 2006, located along between the beach and the marina and consists of single, double, and triple bedroom units, garden terrace apartments, duplexes and penthouses.
Dorra Bay offers residents ample modern amenities such as swimming pools, kids play areas, state-of-the-art gymnasiums, lush outdoor landscaping, and modern business center. Residents can also enjoy easy access to shops located within the tower, boating berths, all of which, add to the convenience of residing at Dorra Bay.
The completion of projects despite bad turn of events in the global markets, emphasizes the commitment by the company toward delivering the projects, which further instills customer confidence in the company.
The Cayan Investments CEO, Kareem Derbas, said that Cayan has always strived and has remained committed towards delivering high-end luxury and high-return investments to customers, and will continue to do so in future.
Cayan began its operations five years ago with a single project on the Dubai Marina, and now has projects portfolio worth Dh.8bn.
The developer also revealed completion of four out of six towers progressing in the Marina. The towers are already being handed-over to the clients.
Dorra Bay project is a 22-storey residential tower, launched in April 2006, located along between the beach and the marina and consists of single, double, and triple bedroom units, garden terrace apartments, duplexes and penthouses.
Dorra Bay offers residents ample modern amenities such as swimming pools, kids play areas, state-of-the-art gymnasiums, lush outdoor landscaping, and modern business center. Residents can also enjoy easy access to shops located within the tower, boating berths, all of which, add to the convenience of residing at Dorra Bay.
The completion of projects despite bad turn of events in the global markets, emphasizes the commitment by the company toward delivering the projects, which further instills customer confidence in the company.
The Cayan Investments CEO, Kareem Derbas, said that Cayan has always strived and has remained committed towards delivering high-end luxury and high-return investments to customers, and will continue to do so in future.
Cayan began its operations five years ago with a single project on the Dubai Marina, and now has projects portfolio worth Dh.8bn.
Labels: Construction Projects, Dubai Marina
Triveni Group holds ground-breaking for La Fontana
Thursday, December 18, 2008
The Dubai-based developer, Triveni Builders and Promoters Limited (TBPL), a wholly-owned subsidiary of the Triveni Trading Group, held the ground-breaking ceremony of its Dh.100mn middle-income residential building, La Fontana.The six-storey low rise building is located in the Arjan Master Community in Dubailand, and is considered 'one-of-a-kind community' which promotes greenery, nature, and a amenity-rich lifestyle that prioritizes family.
The development is located within a short distance from the Mall of Emirates, the Gold and Diamond Park, and the Global Village. La Fontana is targeted towards investors seeking guaranteed and best rental returns, in case they decide not to move into their new home immediately on gaining possession.
The units are priced in the range of Dh.498,600(starting price for studios) to Dh.1,315,900 (for double bedroom). The new homes would be ready for delivery by 2010, despite the current slowdown in property market, the officials confirmed.
La Fontana offers a range of finance options to individual buyers and investors, in co-operation with Mashreq Bank and HSBC, and Badr Al-Islami Bank for Islamic financing.
Being part of the Arjan Master community, La Fontana includes residences, parks, schools, hotels, offices, retails and community spaces meant for leisure pursuits.
Mizin, the subsidiary of Dubai Holdings, and a member of Tatweer is the master developer of the project, and Arkiplan Consulting Engineers are the project designers.
Labels: Community, Construction Projects
MAG Tower construction on track
Thursday, December 04, 2008
The construction work on the Dh.450mn MAG tower in the Dubai Marina is 75 percent complete, and will be fully completed towards end of 2009, as scheduled.
The MAG 218 residential tower, comprising 555 apartments spreading over 66 storeys, has reached the 45th floor in height.
According to the Chief Executive Officer of the MAG Group, Mohammed Nimer, the company had opened the full-floor show apartments, 18 months prior to handover date, for the owners to view the quality of finish. This emphasizes the commitment by the company towards customers, and their confidence in keeping up to their promise.
The MAG 218 Tower is one of the several freehold residential towers located at the Dubai Marina, opposite the Jumeirah Lake Towers, next to Dubai Media City. The tower has been designed by Dar Al-Handasah, and will be located next to Marina Pinnacle and the Marina Heights.
Covering an area of 36,887 square feet, the 66 storey tower will comprise total of 330 single bedroom and 220 double bedroom units. The units of the Dh.350mn worth tower range from 78 to 167 square meters in size.
The MAG tower has below and above ground parking, podium roof with swimming pool and Jacuzzi, BBQ area, TV room, outdoor terrace, ball room, gymnasiums, and community health club floor with community hall. The top five storeys feature a full glass exterior.
The MAG 218 residential tower, comprising 555 apartments spreading over 66 storeys, has reached the 45th floor in height.
According to the Chief Executive Officer of the MAG Group, Mohammed Nimer, the company had opened the full-floor show apartments, 18 months prior to handover date, for the owners to view the quality of finish. This emphasizes the commitment by the company towards customers, and their confidence in keeping up to their promise.
The MAG 218 Tower is one of the several freehold residential towers located at the Dubai Marina, opposite the Jumeirah Lake Towers, next to Dubai Media City. The tower has been designed by Dar Al-Handasah, and will be located next to Marina Pinnacle and the Marina Heights.
Covering an area of 36,887 square feet, the 66 storey tower will comprise total of 330 single bedroom and 220 double bedroom units. The units of the Dh.350mn worth tower range from 78 to 167 square meters in size.
The MAG tower has below and above ground parking, podium roof with swimming pool and Jacuzzi, BBQ area, TV room, outdoor terrace, ball room, gymnasiums, and community health club floor with community hall. The top five storeys feature a full glass exterior.
Labels: Construction Projects, Dubai Marina
Damac's The Crescent development close to completion
Monday, November 24, 2008
Damac Properties, the leading Dubai-based developer said that their The Crescent project is nearing completion, and is the first project to be finished at the International Media and Production Zone, Dubai.
According to a company statement, the customers are now carrying on final inspections of their apartments, in co-ordination with the Damac Properties Customer Relations Management Team. The occupants can move into their new homes in December.
The completion of 'The Crescent' follows the completion of Lake View project, the second tower to be completed by Damac in Jumeirah Lake Towers.
The Crescent development comprising three storeys is located adjacent to Emirates Road, amidst green landscaping. The development which include studio, single and double bedroom apartments is completely sold out. All apartments are designed with an innovative floor plan so as to catch a glimpse of the wonderful surrounding landscape.
According to Peter Riddoch, the CEO of Damac, this marks a significant step for Damac Properties, and contributes to the double achievement of two of the properties being finished within weeks of each other.
He added that the company is eagerly awaiting to welcome its first residents, while also simultaneously focusing on delivery of their third property Terra Del Sol at Discovery Gardens, which is also due for completion by the end of this year.
Damac Properties awarded a total of Dh.2.5bn worth contracts during the first nine months of this year.
According to a company statement, the customers are now carrying on final inspections of their apartments, in co-ordination with the Damac Properties Customer Relations Management Team. The occupants can move into their new homes in December.
The completion of 'The Crescent' follows the completion of Lake View project, the second tower to be completed by Damac in Jumeirah Lake Towers.
The Crescent development comprising three storeys is located adjacent to Emirates Road, amidst green landscaping. The development which include studio, single and double bedroom apartments is completely sold out. All apartments are designed with an innovative floor plan so as to catch a glimpse of the wonderful surrounding landscape.
According to Peter Riddoch, the CEO of Damac, this marks a significant step for Damac Properties, and contributes to the double achievement of two of the properties being finished within weeks of each other.
He added that the company is eagerly awaiting to welcome its first residents, while also simultaneously focusing on delivery of their third property Terra Del Sol at Discovery Gardens, which is also due for completion by the end of this year.
Damac Properties awarded a total of Dh.2.5bn worth contracts during the first nine months of this year.
Labels: Construction Projects, Damac Properties
The Golf Community by Tiger Woods Dubai nearing completion
Thursday, November 13, 2008
A member of Tatweer Dubai, The Tiger Woods, revealed that the construction work on the 55million square feet golf community development is heading towards its scheduled completion by the end of 2009.
The project has met with considerable progress across all facets of development, including the Al Ruwaya Golf Course, the world's first to accept design cues from the Champion Golfer. A boutique hotel and a club house designed by Elie Saab are also coming as per plan.
According to The Tiger Woods Dubai, there is a huge demand ever-since the launch of sales in July and the development is drawing good end-users and investor response.
The Project Director of The Tiger Woods Dubai, Abdulla Al Gurg, said that the timely progress made by the company indicates the commitment by the company to deliver promises not only with regard to completion dates, but also with creating a development which would be one of the much sought after golf destinations in the world.
A major component that has registered a steady progress is the Al Ruwaya Golf Course, wherein the 13 holes have been rough shaped and detailed shaping is in progress on nine of the holes. Irrigation, landscape and drainage is being installed on the first few holes.
Construction of lakes is also making progress inline with the proposed date of complete of the golf course.
The final design stages for the exclusive 360,000 square foot luxury boutique hotel is being finalized, with the construction of exclusive hotel, due to commence next month. It would near completion towards fourth quarter of 2010.
The Tiger Woods Dubai has also recently entered into a deal with the renowned three-star Michelin Chef Guy Savoy for a signature restaurant, his first ever debut in the Middle East at the boutique hotel.
The hotel will include 90 suites, 14 bungalows in the range of 1300 to 9500 square feet. Spreading across a 10,000 square foot oasis-style swimming pool and spa, the hotel targets the top-tier clients.
The project has met with considerable progress across all facets of development, including the Al Ruwaya Golf Course, the world's first to accept design cues from the Champion Golfer. A boutique hotel and a club house designed by Elie Saab are also coming as per plan.
According to The Tiger Woods Dubai, there is a huge demand ever-since the launch of sales in July and the development is drawing good end-users and investor response.
The Project Director of The Tiger Woods Dubai, Abdulla Al Gurg, said that the timely progress made by the company indicates the commitment by the company to deliver promises not only with regard to completion dates, but also with creating a development which would be one of the much sought after golf destinations in the world.
A major component that has registered a steady progress is the Al Ruwaya Golf Course, wherein the 13 holes have been rough shaped and detailed shaping is in progress on nine of the holes. Irrigation, landscape and drainage is being installed on the first few holes.
Construction of lakes is also making progress inline with the proposed date of complete of the golf course.
The final design stages for the exclusive 360,000 square foot luxury boutique hotel is being finalized, with the construction of exclusive hotel, due to commence next month. It would near completion towards fourth quarter of 2010.
The Tiger Woods Dubai has also recently entered into a deal with the renowned three-star Michelin Chef Guy Savoy for a signature restaurant, his first ever debut in the Middle East at the boutique hotel.
The hotel will include 90 suites, 14 bungalows in the range of 1300 to 9500 square feet. Spreading across a 10,000 square foot oasis-style swimming pool and spa, the hotel targets the top-tier clients.
Labels: Community, Construction Projects, Golf property, Luxury Homes
Nakheel awards Jumeirah Heights residential contract to ASGC
Wednesday, October 22, 2008
Al Shafar General Contracting (ASGC) has been awarded the prestigious Dh.1.1bn contract for construction of a mixed-use residential development in Jumeirah Heights, by Nakheel.
ASGC, together with Arenco will work on the project, which is due for completion in August 2010.
ASGC, together with Arenco will work on the project, which is due for completion in August 2010.
Jumeirah Heights is a spacious, urban community with several mid to low-rise apartments and townhouses that render bird's eye view of nearby parklands and water in New Dubai. ASGC will work on one of the two identical clusters, which include mid-rise apartment buildings, three low-rise buildings with double and triple bedroom apartments and private gardens, and 17 townhouses (Frond B).
Established in 1989, ASGC is the fifth largest contractor in the UAE, according to MEED (Middle East Economic Digest), and is handling an order book worth Dh.9bn at present. The company was named as the "Company of the Year" by Construction Week, when the company made a rapid growth by 377% between 2005 and 2007.
ASGC is today one of the top contracting companies in Dubai. The leading projects by ASGC include Dubai Internet City-Phase III, new Dubai Police Head Quarters, Emirates Airlines Staff Accommodation, Greens -Phase II, Jumeirah Beach Residence - Sector 6, Al Tayer Tower, Golden Sands Tower, Lamcy Plaza, Windsor Manor, Vision Tower, Bay Square, Dubai Studio City, The Villa and the Golden Mile.
Labels: Construction Projects, jumeirah Heights, Nakheel
Celestial Heights at Downtown Jebel Ali progressing as scheduled
Sunday, September 21, 2008
One of the fastest growing real estate developers in Dubai, Cirrus Developments LLC, has announced that their 'Celestial Heights' project is progressing as scheduled.
Located on the Zone One, Trellis District, at Downtown Jebel Ali, the Dh.1bn development will now enter the next phase of construction and has been scheduled towards completing the construction on time.
The mixed-use development would include three towers, namely, Capella, Polaris and Orion. Celestial Heights comprises mid-rise towers, beautiful parks and shaded walkways. The property development is located in proximity to the Waterfront, Jebel Ali Free Zone, Dubai World Central Airport, and Techno Park.
Designed to accommodate a population of 200,000 the Downtown Jebel Ali will be a living, breathing community comprising public spaces, parks, streets and plazas that are as vital as the buildings themselves.
Celestial Heights is the first development to be launched by Cirrus Developments, and is the first by the sub-developer in Downtown Jebel Ali. The company has thereafter launched another commercial and residential project -the Dh.3bn Aquarius Gate, and the Dh.550mn Sienna Square in Downtown Jebel Ali.
Cirrus Developments was also the first developer to purchase plots in the Canal Districts of Waterfront during July 2008, through a sealed bin auction conducted by Nakheel.
The Chairman and CEO of Cirrus Developments, Behnam Eshragh, said "Cirrus Developments is focusing on creating reliable investments by delivering high-quality, innovative, commercial, residential and mixed-use properties as per schedule and on plan."
Labels: Construction Projects, Jebel-Ali
First phase of Al Nujoom Islands nearing completion
Wednesday, September 10, 2008
The first phase of Al Nujoom Islands, the realty project currently under progress in Sharjah, will be completed shortly, with about 95 percent of the digging for the project's water canals completed.
The Chairman of Al Hanoo Holdings, Sheikh Abdullah bin Fahid Al Shakrah, said that the lining of canal banks is a complicated process, as these canals are the main base for the waterfront infrastructures of the project, particularly, those pertaining to marinas, island connectors and tide breakers.
Al Hanoo Holdings had to use about 2.3mn tones of rock to line the bank of water canals. Al Hanoo has made various development procedures on the masterplan of the water canals. These canals allow water to circulate in a record period, above the standard international average. The 3km long waterfront has also been converted into a 35km stretch.
The Middle Eastern realty company has made various development procedures on master plan of water canals. The Al Nujoom Islands project in UAE is now being developed in three stages. Developmental works on the property development are likely to be complete by end of third stage in 2010.
The Chairman of Al Hanoo Holdings, Sheikh Abdullah bin Fahid Al Shakrah, said that the lining of canal banks is a complicated process, as these canals are the main base for the waterfront infrastructures of the project, particularly, those pertaining to marinas, island connectors and tide breakers.
Al Hanoo Holdings had to use about 2.3mn tones of rock to line the bank of water canals. Al Hanoo has made various development procedures on the masterplan of the water canals. These canals allow water to circulate in a record period, above the standard international average. The 3km long waterfront has also been converted into a 35km stretch.
The Middle Eastern realty company has made various development procedures on master plan of water canals. The Al Nujoom Islands project in UAE is now being developed in three stages. Developmental works on the property development are likely to be complete by end of third stage in 2010.
Labels: Construction Projects, Sharjah
DEC broke ground for construction of Cascade Ville, Cascade Manor and The Estates
Tuesday, August 12, 2008
Dheeraj and East Coast LLC (DEC), a leading Dubai-based property developer, broke ground for its three prestigious projects located in the heart of Culture Village.
The Dh.615mn worth projects are Cascade Ville, Cascade Manor and The Estates, among which, Cascade Ville and Cascade Manor are residential developments, while The Estates is a mixed-use development.
Speaking during the occasion, the Chief Finance Officer of DEC, Sailesh Jatania, said this is a major step ahead for the project, which indicates that work is progressing as scheduled.
Robodh Contracting LLC, the main contractor of DEC, which is also one of the leading contracting companies in the region, has been assigned the task of construction of all existing and future projects of Dheeraj and East Coast, including the appointing and co-ordination of sub-contractors.
The initial groundwork has been assigned to Sharaf Foundations, a company with solid track record of more than 50 projects across Oman, Dubai, Qatar and Abu Dhabi, which includes drilling, excavation, shoring and foundation works.
The three projects in Culture Village cover an area of 60,981 square feet, with a built-up area of 412, 743 square feet. The well-designed projects are in perfect harmony with the overall concept of the Culture Village, and feature wide open spaces, cobblestone walkways, traditional wind towers, waterways with quaint bridges, eating joints and creekside souks.
Being a true blend of residential, commercial and retail living spaces, that combine the old-world charm with luxury of modern lifestyles, the project unites diverse nationalities and encourages them to live and work in harmony.
The seven-storey Cascade Ville is a residential project with well-done three bedroom apartments, state-of-the-art health club and gymnasium, retail boutique, café, frontal waterfalls, and 24-hour security.
The Cascade Manor is an eight storey structure, with a blend of modern and old-world charm, comprising single, double and triple bedroom apartments and a park with lush gardens.
The Estates is a mixed-use development, combining true Arabic architectural styles with modern construction technologies to form a mix of unique residences and contemporary offices that render a unique and lively community lifestyle.
Labels: Community, Construction Projects, Cultural-Village
Construction of SkyGardens project begins at Reem Island
Wednesday, August 06, 2008
One of the leading property developers in Middle East, Plus Properties, together with Taahud General Contracting Company, has entered into a Dh.400mn construction contract for developing the SkyGardens project, a waterfront property at Reem Island in Abu Dhabi.
This deal makes way for commencement of construction of SkyGardens project, which is likely to turn out to be one of the most prestigious waterfront projects dotting the Abu Dhabi skyline, revealed a Plus Properties official. Enabling works of the project have already commenced.
SkyGardens is an iconic residential waterfront project, designed by renowned architect James Law, featuring a range of single, double and triple bedroom deluxe apartments, garden apartments and sky garden duplex villas.
The SkyGardens duplex villas feature amenities such as private swimming pools, luxurious interior and exterior finishing and suspended gardens. All units of the development open to sea view, with a 360 degree panoramic view stretching from the sea to Abu Dhabi's stylish skyline.
Located in a quite and upscale marina neighborhood at Reem Island, the development is linked to downtown Abu Dhabi by a bridge, and is just 20 minutes away from the Abu Dhabi airport.
Taahud is one of the major players in today's construction market, with a series of prestigious projects to its credit. The core management team of this Abu Dhabi-based company includes reputed industry professionals with decades of experience in local and regional construction sector.
Labels: Abu Dhabi, Al Reem Island, Construction Projects, Luxury Homes, Water front
Deyaar signs deal for development & management of One Za'abeel
Tuesday, July 29, 2008
Deyaar Development Company has entered into an agreement with the Investment Corporation of Dubai (ICD), the investment arm of Government of Dubai, to begin the development and management of One Zabeel, an iconic 36 storey mixed-use development, located at the World Trade Center roundabout in Dubai.
According to the terms of the agreement, ICD will continue to own the project, but it will be developed and managed by Deyaar.
Launched in June 2008, with an aim to fulfill ICD's vision to identify and develop unique opportunities, One Za'abeel, will enhance the position of Dubai, as an international city of excellence.
Comprising three individual towers - residential, commercial and hotel towers, they are interlinked at the top, and have a common ground at the base. A highway will run through the development, which is the first on its kind for the region.
Construction is likely to begin shortly with completion being scheduled for 2011.
Located in close proximity to the two Metro stations, One Zaabeel comprises a residential tower with 450 apartments, a 370rooms five-star hotel tower, and a commercial tower spreading across 500,000 Square Feet of space.
This agreement further strengthens the position of Deyaar as development manager of high-profile projects in the UAE.
The Managing Director of Deyaar, Saeed Al Qatami, emphasizing on the strong growth of the company said that ever-since the company was launched, the property management division of Deyaar, has evolved from an institutional property manager focusing on management of Deyaar properties to a large property manager with multi-clients in the public domain. The division has been extremely successful in managing big portfolio of properties, and has helped investors in the process of maximizing their returns on assets.
The Director Investments, ICD, Khalifa Al Daboos, said that due to its prime positioning at the end of old business district and at the beginning of Sheikh Zayed Road, the business growth corridor, One Za'abeel is likely to represent the rich trading roots of Dubai, and its rapid rise as a modern international financial and business hub.
According to the terms of the agreement, ICD will continue to own the project, but it will be developed and managed by Deyaar.
Launched in June 2008, with an aim to fulfill ICD's vision to identify and develop unique opportunities, One Za'abeel, will enhance the position of Dubai, as an international city of excellence.
Comprising three individual towers - residential, commercial and hotel towers, they are interlinked at the top, and have a common ground at the base. A highway will run through the development, which is the first on its kind for the region.
Construction is likely to begin shortly with completion being scheduled for 2011.
Located in close proximity to the two Metro stations, One Zaabeel comprises a residential tower with 450 apartments, a 370rooms five-star hotel tower, and a commercial tower spreading across 500,000 Square Feet of space.
This agreement further strengthens the position of Deyaar as development manager of high-profile projects in the UAE.
The Managing Director of Deyaar, Saeed Al Qatami, emphasizing on the strong growth of the company said that ever-since the company was launched, the property management division of Deyaar, has evolved from an institutional property manager focusing on management of Deyaar properties to a large property manager with multi-clients in the public domain. The division has been extremely successful in managing big portfolio of properties, and has helped investors in the process of maximizing their returns on assets.
The Director Investments, ICD, Khalifa Al Daboos, said that due to its prime positioning at the end of old business district and at the beginning of Sheikh Zayed Road, the business growth corridor, One Za'abeel is likely to represent the rich trading roots of Dubai, and its rapid rise as a modern international financial and business hub.
Labels: Construction Projects, Deyaar, Sheikh-Zayed-Road
Work commences on Universal Studios Dubailand
Dubailand, a member of Tatweer, and Laurent Jean Jean, Vice President of Universal Studios, held the ground breaking ceremony for the 7 million square feet Universal Studios Dubailand.
The occasion marked the presence of all future inhabitants of the three among the five lands, to come up in the Universal Studios Theme park.
The Vice President of Universal Studios, Laurent Jean Jean, expressed his happiness over the ground breaking of Universal Studios Dubailand, the premier theme park in Middle East.
On completion of the project in December 2010, it will offer guests from around the globe, entertainment, which would be 'one-of-a-kind'. There will be music, shopping, dining, movies, and more outside the theme park gates. The magnificently themed on-site hotels or comfortable residential communities would be located just few steps away from luxuriously appointed rooms in Universal Studios Dubailand.
Universal Studios, a pioneer in inspiring entertainment for over a century now, is creating a new tourism destination in Dubai, by combining the creativity of Hollywood, with all time great stories. By the year 2010, families can enjoy an unforgettable holiday, a variety of exciting entertainment, a spectacular theme park, and world-class hospitality, all in a convenient location in Dubai, the holiday destination of the future that is taking shape today.
The occasion marked the presence of all future inhabitants of the three among the five lands, to come up in the Universal Studios Theme park.
The Vice President of Universal Studios, Laurent Jean Jean, expressed his happiness over the ground breaking of Universal Studios Dubailand, the premier theme park in Middle East.
On completion of the project in December 2010, it will offer guests from around the globe, entertainment, which would be 'one-of-a-kind'. There will be music, shopping, dining, movies, and more outside the theme park gates. The magnificently themed on-site hotels or comfortable residential communities would be located just few steps away from luxuriously appointed rooms in Universal Studios Dubailand.
Universal Studios, a pioneer in inspiring entertainment for over a century now, is creating a new tourism destination in Dubai, by combining the creativity of Hollywood, with all time great stories. By the year 2010, families can enjoy an unforgettable holiday, a variety of exciting entertainment, a spectacular theme park, and world-class hospitality, all in a convenient location in Dubai, the holiday destination of the future that is taking shape today.
Labels: Construction Projects, Dubailand, Theme-Parks
Al Nujoom Islands of Sharjah enters Phase II
Thursday, July 24, 2008
Al Hanoo Holding, leading property developer in Gulf has announced its venture into Phase II of the 'Al Nujoom Islands' projects in Sharjah, UAE. The Phase II includes infrastructure, apart from Phase I of construction works.
The Chairman of Al Hanoo Holdings, Sheikh Abdullah Al-Shakrah, said that the cost of Al Nujoom Islands infrastructure is estimated to be Dh.1.2bn, which includes roads and pavements, bridge construction, installation of power lines and water services. The area considered fit for construction is only 40%, while the rest 60% of the remaining project area is water and vegetation.
Al Hanoo Holdings recently organized two workshops with Emcor Services and Halcrow International for carrying out the latest developments on its project.
The project includes 13 sections, with the first three comprising main coastal ground forms, while the rest ten are islands separated by canals that are carefully designed to be the highest in relation to water circulation in canals, the movement of which depends on tidal ebb and flow movements and utilization of pre-designed schemes that doesn't cause harm to surrounding environment.
The 10 islands will be interlinked by bridges and will comprise 40 high-rise towers for commercial and residential purposes, apart from four hotels, 145 apartment buildings, two resorts, 1400 water-front and park-side villas, large commercial center including a hypermarket, five marine clubs, two entertainment centers, nine smaller commercial centers and six centers for light industries. The island will also house several schools, mosques, banks, coffee shops, stores, restaurants and a population of 40,000 residents.
The Nujoom Islands, also known as 'Stars Islands' are the largest residential, commercial and tourism development project in the Sharjah city. Covering a distance of 60mn square feet on coastal land, along shores of the Arabian Gulf, in the village of Hamriya, it is easily accessible from the Ettihad Road, and the Emirates Road.
The project will be built in three phases over a five year period, by the Saudi-based property company, Al Hanoo Holding, which is also the company behind Sharjah's Emirates Industrial City.
The project will be complete by 2010.
The Chairman of Al Hanoo Holdings, Sheikh Abdullah Al-Shakrah, said that the cost of Al Nujoom Islands infrastructure is estimated to be Dh.1.2bn, which includes roads and pavements, bridge construction, installation of power lines and water services. The area considered fit for construction is only 40%, while the rest 60% of the remaining project area is water and vegetation.
Al Hanoo Holdings recently organized two workshops with Emcor Services and Halcrow International for carrying out the latest developments on its project.
The project includes 13 sections, with the first three comprising main coastal ground forms, while the rest ten are islands separated by canals that are carefully designed to be the highest in relation to water circulation in canals, the movement of which depends on tidal ebb and flow movements and utilization of pre-designed schemes that doesn't cause harm to surrounding environment.
The 10 islands will be interlinked by bridges and will comprise 40 high-rise towers for commercial and residential purposes, apart from four hotels, 145 apartment buildings, two resorts, 1400 water-front and park-side villas, large commercial center including a hypermarket, five marine clubs, two entertainment centers, nine smaller commercial centers and six centers for light industries. The island will also house several schools, mosques, banks, coffee shops, stores, restaurants and a population of 40,000 residents.
The Nujoom Islands, also known as 'Stars Islands' are the largest residential, commercial and tourism development project in the Sharjah city. Covering a distance of 60mn square feet on coastal land, along shores of the Arabian Gulf, in the village of Hamriya, it is easily accessible from the Ettihad Road, and the Emirates Road.
The project will be built in three phases over a five year period, by the Saudi-based property company, Al Hanoo Holding, which is also the company behind Sharjah's Emirates Industrial City.
The project will be complete by 2010.
Labels: Construction Projects, Sharjah
Amlak's Skygardens project nearing completion
Saturday, July 12, 2008
The Dh1.65bn worth Skygardens project in DIFC (Dubai International Finance Center) is now nearing completion, revealed Amlak finance, the largest mortgage provider in the UAE.
Being the first residential tower in DIFC, the Skygardens comprises a total of 575 apartments across 39 storeys, and includes studios, single and double bedroom apartments, duplexes, and penthouses.
The prices of the apartments start from Dh.4500 per square foot, to an average of Dh.3900 per square foot for unfurnished ones. The land area is about 6000 square meters.
The Skygardens, although had suffered some setbacks due to misunderstandings between Amlak and the owner Mazaya Holdings, it is now on schedule for completion in August.
Amlak has bought the remaining 80 percent of the building for Dh.1.65bn from Mazaya Holding, which remains as the developer. The apartments are ideal for executives working in DIFC, although even people from other international finance centers such as Singapore and London, are being targeted.
The DIFC connects Skygardens through a footbridge from the concourse level of the tower. The constructing of the bridge is still in the planning process.
The seventh floor of the building includes an indoor garden area, with complete water features and sitting areas.
Amlak has already seen a growth of 155 percent in net profits between the first half of 2007 and first half of 2008. This year's net profit has already touched Dh.269mn. This latest venture of Amlak, in the form of Skygardens, is expected to strengthen its position further in real estate sector.
Labels: Construction Projects, DIFC
Nakheel, Al Shafar sign deal for construction of 300 villas at Al Furjan
Thursday, July 03, 2008
Nakheel, a Dubai World Company which is one of the world’s largest real estate developers, together with a subsidiary to Shafar Group, Al Shafar Transport and Contracting Company, have entered into a contract for construction of 300 villas and terrace homes at Al Furjan development.
This contract is a milestone in the development of Al Furjan, followed by the last week's announcement of contract last week between Arabtec and Nakheel for Dh.3bn to build the first 1500 homes of the development.
Al Furjan offers a combination of traditional neighbourhood living, with spacious villas and terraced houses carrying immense open space and ample amenities.
Located towards 540 hectares south of Ibn Battuta Mall, and Discovery Gardens, and The Gardens, Al Furjan boasts about 4000 homes, apart from hotels, apartments, and commercial and mixed use plots in the developments surrounding Al Furjan, housing a total population of 90,000.
The construction is likely to commence during the third quarter of this year, and the delivery of residences will take place by the third quarter of 2010.
This contract is a milestone in the development of Al Furjan, followed by the last week's announcement of contract last week between Arabtec and Nakheel for Dh.3bn to build the first 1500 homes of the development.Al Furjan offers a combination of traditional neighbourhood living, with spacious villas and terraced houses carrying immense open space and ample amenities.
Located towards 540 hectares south of Ibn Battuta Mall, and Discovery Gardens, and The Gardens, Al Furjan boasts about 4000 homes, apart from hotels, apartments, and commercial and mixed use plots in the developments surrounding Al Furjan, housing a total population of 90,000.
The construction is likely to commence during the third quarter of this year, and the delivery of residences will take place by the third quarter of 2010.
Labels: Al-Furjan, Construction Projects, Nakheel, Villa Projects
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
Aldar launches second phase of Al Mamoura, Baniyas Towers
Sunday, June 08, 2008
The leading integrated property developer, Aldar Properties, has launched the second phase of Al Mamoura and Baniyas Towers at Abu Dhabi.
The two commercial developments, located at the heart of Abu Dhabi, offer about 62,000 square meters of office space, thereby helping to meet the high demand for office space in Abu Dhabi.
Followed by the pre-letting of the 37,000 square meters of entire Al Mamoura A, another 20,000 square meters at Al Mamoura B, is also due for completion, and will be open for lease by the end of this year.
Baniyas Towers will have another 42,000 square meters of grade A office space to offer in two buildings, that are due for completion by January 2009.
Al Mamoura B and Baniyas Towers will offer 'grade A' office accommodation, including high-end amenities, together with units of flexible size, available for lease. Both developments will have ample parking for its tenants and will be serviced by a high standard of building management.
"Aldar Properties hopes to provide the market with a considerable amount of international grade office space by the year 2009. These projects are being done inline with Aldar’s initiative to meet the requirements of this rapidly evolving city and its high demand for quality office accommodation," said Ahmed Ali Al Sayegh, Chairman, Aldar Properties.
The two commercial developments, located at the heart of Abu Dhabi, offer about 62,000 square meters of office space, thereby helping to meet the high demand for office space in Abu Dhabi.
Followed by the pre-letting of the 37,000 square meters of entire Al Mamoura A, another 20,000 square meters at Al Mamoura B, is also due for completion, and will be open for lease by the end of this year.
Baniyas Towers will have another 42,000 square meters of grade A office space to offer in two buildings, that are due for completion by January 2009.
Al Mamoura B and Baniyas Towers will offer 'grade A' office accommodation, including high-end amenities, together with units of flexible size, available for lease. Both developments will have ample parking for its tenants and will be serviced by a high standard of building management.
"Aldar Properties hopes to provide the market with a considerable amount of international grade office space by the year 2009. These projects are being done inline with Aldar’s initiative to meet the requirements of this rapidly evolving city and its high demand for quality office accommodation," said Ahmed Ali Al Sayegh, Chairman, Aldar Properties.
Labels: Abu Dhabi, Aldar, Commercial Property, Construction Projects
Julfar Towers in Ras Al Khaimah completes 30 storeys
Saturday, May 24, 2008
Leading real estate developer in Ras Al Khaimah, RAK Properties, has announced the completion of construction works on its three-storey podium and utility networks of its 'Julfar Towers'. This was revealed during the second Ras Al Khaimah Real Estate and Investment Show, being held at the Ras Al Khaimah Exhibition Center between 22nd and 24th May 2008. RAK Properties is the sponsor of the show that brings together the region's leading contractors, developers and realty companies.
The construction work of the twin tower realty project, is on par with the residential tower, which now stands at 30 floors and the office tower which stands at 28 floors.
Centrally located in Ras Al Khaimah with adjacent creek, mangroves and a mountainour backdrop, both towers offers stunning views. The development is also only minutes away from the Hilton Hotel, Manar Mall, the beaches and the golf club. The project also offers 100% foreign ownership to investors of Julfar Business Tower.
The Julfar Towers real estate project in Ras Al Khaimah, worth Dh.500million comprises two 43 storey towers. One among this is a residential tower with 349 apartments and the other is an office tower with 468 units, built on a three-level podium. The podium also inclued an advanced business center, retail and food outlets. It is considered to be the nerve center for common facilities utilities.
The Managing Director and CEO of RAK Properties, Mohammed Sultan Al Qadi, said "The completion of the podium and utility networks is a major milestone in the construction of Julfar Towers. We are pleased with the manner in which the work has been progressing and we are confident of completing the project by next year."
Labels: Construction Projects, Freehold Property, RAK Properties, Ras Al Khaima
Ground breaking ceremony held for Sungwon's Santeview project
Sunday, May 04, 2008
South Korea's Sungwon Corporation held the groundbreaking ceremony of its second property in the region, the Dh.1.5bn 'Santeview' at Culture Village.Santeview is a mixed-use complex project, which includes G+32 storey commercial tower, and a G+40 storey residential tower. Dubai Properties is the strategic partner and master developer of Culture Village.
The first two levels will be dedicated to retail space, accommodating few of the best brands in the world, revealed a Sungwon official.
Santeview, with its high-tech security features, smart home and office features, intelligent space design, and contemporary design with an Arabic touch, makes it an ideal creek-side location, and located adjacent to the Culture Village Metro Station, Santeview is the most sought after property development in the area.
The CEO of Sungwon's Middle East Headquarters, Chang-Pyo Park, said "Being one of our unique property projects in the Middle East, we are confident that Santeview will set a benchmark in property development in the region, which will reflect the best architectural and engineering expertise drawn through years of experience in the construction industry."
Sungwon is a large integrated real estate, construction and engineering company, built on solid reputation as property developer and contractor of award-winning luxury high-rises (both residential and mixed-use complexes). Sungwon has more than 130,000 apartments and 1000 high-rise towers.
Santeview is a part of $1.2bn investments which Sungwon has allocated for property development in the region. Sungwon is also carrying out various civil works in other GCC nations.
Labels: Construction Projects, Cultural-Village
First phase of construction begins at the $3.8bn Pearl Dubai
Al Fahim Group, the developers of the Dh.14bn Dubai Pearl Project, have announced the commencement of first phase of construction of their world-class mixed-use development, the $3.8bn Pearl Dubai.
Pearl Dubai has completed the scaffolding and site hoarding and has obtained mobilization permit from Tecom Investments. It is currently mobilizing contractors for the foundation works of the project. The preliminary piling test is scheduled for mid-May.
The Chairman of Pearl Dubai, Abdul Majeed Al Fahim, revealed that the project received an overwhelming response from investors during the first two launches of its residential and commercial units this year.
He confirmed that the construction work of Pearl Dubai, too, is progressing as scheduled and the project is gaining momentum for another exciting launch of an exclusive residential component which would be an additional incentive for investors.
Located at the heart of Dubai Technology and Media Free Zone, the Dubai Pearl project overlooks Palm Jumeirah. The Dubai Pearl is expected to be ready by 2010, and covers a built-up area of 15 million square feet, combining an active business district with quality urban lifestyle.
Dubai Pearl offers easy access to major commercial and residential areas, such as the Dubai Knowledge Village, Dubai Internet City and Dubai Media City. It also houses a state-of-the-art theatre, with sufficient capacity to seat 2000 people, a luxury fashion precinct, sky penthouses, sky palaces and temperature-controlled pedestrian walkways.
Pearl Dubai has completed the scaffolding and site hoarding and has obtained mobilization permit from Tecom Investments. It is currently mobilizing contractors for the foundation works of the project. The preliminary piling test is scheduled for mid-May.The Chairman of Pearl Dubai, Abdul Majeed Al Fahim, revealed that the project received an overwhelming response from investors during the first two launches of its residential and commercial units this year.
He confirmed that the construction work of Pearl Dubai, too, is progressing as scheduled and the project is gaining momentum for another exciting launch of an exclusive residential component which would be an additional incentive for investors.
Located at the heart of Dubai Technology and Media Free Zone, the Dubai Pearl project overlooks Palm Jumeirah. The Dubai Pearl is expected to be ready by 2010, and covers a built-up area of 15 million square feet, combining an active business district with quality urban lifestyle.
Dubai Pearl offers easy access to major commercial and residential areas, such as the Dubai Knowledge Village, Dubai Internet City and Dubai Media City. It also houses a state-of-the-art theatre, with sufficient capacity to seat 2000 people, a luxury fashion precinct, sky penthouses, sky palaces and temperature-controlled pedestrian walkways.
Labels: Construction Projects
Ground-breaking ceremony held for Flamingo Creek
Wednesday, April 09, 2008
The ground-breaking ceremony for a residential community, 'Flamingo Creek', located at 'The Lagoons' master development in Dubai Creek, took place yesterday.
The project is being developed by National Properties, a wholly-owned real estate subsidiary of National Bonds Corporation.
The freehold project comprises 244 low-rise villa-style apartments and townhouses, which also marks the entry of National Properties into the luxury residential market. 'Flamingo Creek' will be an easy access to retail, education, leisure and entertainment facilities, including the Dubai Opera House.
The National Properties CEO, ABdulsalam Almarri, and Mohammed Qassim, CEO of The Lagoons, together with Buti Al Jumairi, the CEO of National Bonds Corporation, along with other senior management staff of National Properties, participated in the groundbreaking ceremony held at the project site in 'The Lagoons'.
"With the rapid expansion of Dubai City, the longing for serene spaces is bound to grow stronger, and Flamingo Creek will bring in a new dimension to life. It will offer all the comforts of city life without losing the charm and beauty of nature," said Lootah.
Labels: Construction Projects, Freehold Property, Luxury Homes, Townhouses
Reclamation of Nakheel's Dubai Promenade project complete
Thursday, March 27, 2008
Nakheel has completed the reclamation of Dubai Promenade by placing the last rock on the project's breakwater. The breakwater, stretching 18kms, required 1 million tonnes of rock.Dubai Promenade is Nakheel's sophisticated waterfront project, which will form a virtual peninsula along the Dubai shoreline, inclusive of a spectacular five-star wheel-shaped hotel.
The Promenade, surrounded by marina, sea and a natural beach will offer panoramic views, idyllic walkways, and well-planned architecture, which render a unique residential and commercial environment.
The first phase sale of the Dubai Promenade was launched on 24th January 2008.
Nakheel, being one of the largest private real estate developers in the world, is a major player contributing to realize the Dubai vision for the 21st century, by offering a world-class destination for living, business and tourism.
Labels: Construction Projects, Nakheel, Water front
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
Sweet Homes to commence construction work on Rainbow Towers project
Monday, March 17, 2008
A leading UAE-based developer and total solutions provider in the realty sector, Sweet Homes, has revealed the commencement of preliminary phase of construction works for its Rainbow Towers project, worth AED 1.7billion, at the Emirates City, which also marks the maiden offer by the developer as a full-service real estate company.
This follows the recent shoring and excavation contract, which was offered to Piling Tech LLC for its initial groundwork for Towers B10, B14 and B15, three out of nine towers in the Rainbow Towers development.
Earlier, the developer also announced that six towers were already sold out, and out of the remaining three towers, 70% have been sold already. The entire project is due for completion by mid 2010.
Speaking during the occasion of groundbreaking ceremony, the CEO of Sweet Homes, Fahad Sattar Dero, mentioned that the excavation contract has been awarded to Piling Tech LLC due to their impressive background, outstanding track records, and competitive bidding.
Being ideally located along the Emirates Road, the Rainbow Towers will include nine luxurious 31-storey residential buildings, which comprise high-speed elevators, modern fitness club, Jacuzzi and sauna facilities, recreation area, swimming pool, and sports bar.
Apart from the amenities that the development offers, the investors are also drawn by the unique and highly flexible four-year self-finance payment scheme, which breaks down the payment schedule to just 50 percent of the value, on completion of the project, 25 percent on delivery and remaining 25 percent during handover.
Further to its current portfolio of AED 3.5billion, Sweet Homes has also announced its plan to invest AED 2billion on high-profile commercial, residential and mixed-use real estate developments across Middle East during 2008. Sweet Homes is also on the look out for venture into other UAE emirates through the launch of projects in neighbouring states of Qatar, Saudi Arabia and Oman. The company has already begun its first step ahead in this direction, through the opening of the AED 2.5bn Ajman Uptown project, the first freehold villa and townhouse community in Ajman.
Piling Tech LLC, specialized in civil engineering activities, has built a solid reputation in the regional construction sector through its high profile projects for royal families and government departmtners. The company has worked with both government and private firms such as Bayel Tic, Federal Electricity and Water Authority, and Sharjah Electricity and Water Authority and Chapal World.
This follows the recent shoring and excavation contract, which was offered to Piling Tech LLC for its initial groundwork for Towers B10, B14 and B15, three out of nine towers in the Rainbow Towers development.
Earlier, the developer also announced that six towers were already sold out, and out of the remaining three towers, 70% have been sold already. The entire project is due for completion by mid 2010.
Speaking during the occasion of groundbreaking ceremony, the CEO of Sweet Homes, Fahad Sattar Dero, mentioned that the excavation contract has been awarded to Piling Tech LLC due to their impressive background, outstanding track records, and competitive bidding.
Being ideally located along the Emirates Road, the Rainbow Towers will include nine luxurious 31-storey residential buildings, which comprise high-speed elevators, modern fitness club, Jacuzzi and sauna facilities, recreation area, swimming pool, and sports bar.
Apart from the amenities that the development offers, the investors are also drawn by the unique and highly flexible four-year self-finance payment scheme, which breaks down the payment schedule to just 50 percent of the value, on completion of the project, 25 percent on delivery and remaining 25 percent during handover.
Further to its current portfolio of AED 3.5billion, Sweet Homes has also announced its plan to invest AED 2billion on high-profile commercial, residential and mixed-use real estate developments across Middle East during 2008. Sweet Homes is also on the look out for venture into other UAE emirates through the launch of projects in neighbouring states of Qatar, Saudi Arabia and Oman. The company has already begun its first step ahead in this direction, through the opening of the AED 2.5bn Ajman Uptown project, the first freehold villa and townhouse community in Ajman.
Piling Tech LLC, specialized in civil engineering activities, has built a solid reputation in the regional construction sector through its high profile projects for royal families and government departmtners. The company has worked with both government and private firms such as Bayel Tic, Federal Electricity and Water Authority, and Sharjah Electricity and Water Authority and Chapal World.
Labels: Ajman, Construction Projects, Residential
Construction of La Vista Residence project assigned
Sunday, March 02, 2008
Two firms have been appointed by Al Manal Development, to build the La Vista Residence project in Dubai Silicon Oasis (DSO).
Al Qandeel Contracting Company and Zahrat Al Safa Construction Company, has together won the combined contract, worth Dh.250million. The work on the residential property development is likely to commence in March this year.
Comprising seven residential buildings, with each being eight storeys high, the La Vista Residence Project, offers a total 832 residential units. The work on the first five buildings will be undertaken by Zahrat Al Safa Construction Company, while the work on the remaining two will be undertaken by Al Qandeel Contracting Company.
The project spreads over a built-up area of 943,000 square feet, covering 290,000 square feet of land. The project, which is likely to be complete by August 2009, offers a studio, single and double bedroom apartments, and is a pure family-oriented community with good schools and shopping malls in the neighbourhood. Other amenities include swimming pool, party hall, gymnasium, sauna and Jacuzzi kids pool, apart from 24 hours security and covered car parking for 860 vehicles.
Located in Dubai Silicon Oasis, in close proximity to the New Ring Road, Emirates Road and Dubailand and Academic City, more than 75 percent of the units have already been sold, ever-since the launch of the project, which happened in May 2007. The prices per square feet have surged by 15 percent, following the launch.
Al Qandeel Contracting Company and Zahrat Al Safa Construction Company, has together won the combined contract, worth Dh.250million. The work on the residential property development is likely to commence in March this year.
Comprising seven residential buildings, with each being eight storeys high, the La Vista Residence Project, offers a total 832 residential units. The work on the first five buildings will be undertaken by Zahrat Al Safa Construction Company, while the work on the remaining two will be undertaken by Al Qandeel Contracting Company.
The project spreads over a built-up area of 943,000 square feet, covering 290,000 square feet of land. The project, which is likely to be complete by August 2009, offers a studio, single and double bedroom apartments, and is a pure family-oriented community with good schools and shopping malls in the neighbourhood. Other amenities include swimming pool, party hall, gymnasium, sauna and Jacuzzi kids pool, apart from 24 hours security and covered car parking for 860 vehicles.
Located in Dubai Silicon Oasis, in close proximity to the New Ring Road, Emirates Road and Dubailand and Academic City, more than 75 percent of the units have already been sold, ever-since the launch of the project, which happened in May 2007. The prices per square feet have surged by 15 percent, following the launch.
Labels: Construction Projects, Dubai Silicon Oasis, New Contracts
Sobha Group breaks ground for their 'Daffodil' project in Dubai
Saturday, February 23, 2008
Leading Indian real estate developer, Sobha Group, has broken ground for its first residential development, the 'Sobha Daffodil' in Dubai.
Located in Jumeirah Village, the Sobha Daffodil comprises 178 apartments, ranging from studios to three bedrooms. The four and ten storey complex offers a contemporary living environment featuring a roof top garden, large temperature-controlled swimming pool, and a Club House which is completely equipped.
Followed by the ground breaking, building work has commenced on Sobha Daffodil at Jumeirah Village.
The Vice-Chairman of the group, Ajay Rajendran said "Sobha Daffodil marks our foray into residential real estate market in the Middle East. We are pleased to celebrate its ground breaking today. Now that construction has begun, we shall work continuously to ensure timely completion of the project. This is our pledge to all buyers, who are keen on taking delivery of their new homes."
Sobha is striving to ensure that its families would have their home in 'Sobha Daffodil' before end of 2009.
The Sobha Group is on its way to announce a regional portfolio of more than Dh.3.5bn towards mid-2008, including a range of residential and commercial properties at prime locations in Dubai.
Located in Jumeirah Village, the Sobha Daffodil comprises 178 apartments, ranging from studios to three bedrooms. The four and ten storey complex offers a contemporary living environment featuring a roof top garden, large temperature-controlled swimming pool, and a Club House which is completely equipped.Followed by the ground breaking, building work has commenced on Sobha Daffodil at Jumeirah Village.
The Vice-Chairman of the group, Ajay Rajendran said "Sobha Daffodil marks our foray into residential real estate market in the Middle East. We are pleased to celebrate its ground breaking today. Now that construction has begun, we shall work continuously to ensure timely completion of the project. This is our pledge to all buyers, who are keen on taking delivery of their new homes."
Sobha is striving to ensure that its families would have their home in 'Sobha Daffodil' before end of 2009.
The Sobha Group is on its way to announce a regional portfolio of more than Dh.3.5bn towards mid-2008, including a range of residential and commercial properties at prime locations in Dubai.
Labels: Construction Projects, Jumeriah Village, Residential
Rakeen's 'Bab Al Bahr' project progressing as scheduled
Thursday, February 21, 2008
Rakeen, one of the most dynamic real estate developers in the region, has revealed that construction of its international standard apartment units in 'Bab al Bahr', the idyllic resort development on Al Marjan Island, is on track. Rakeen is one among the.
Piling is underway at present, while the apartment buildings are on its way to completion by the fourth quarter of 2009, revealed an official spokesman.
'Bab Al Bahr' (Your gateway to island living), the Dh.1.2 billion development, comprises 710 apartments in five buildings, that are available for freehold purchase. An additional 120 apartments are open for timeshare ownership.
The confirmation that the construction is progressing as scheduled, indicates a vital step in the development of the project that will finally encompass the residential buildings, a hotel, a timeshare building, an office tower, and a shopping mall, rendering an exclusive lifestyle.
The Client Representative and Project Manager, Wahid Attalla, who is also the CEO of Spectrum Consultants, said "Available directly from Rakeen, with 100 percent freehold ownership, the Bab Al Bahr apartments are housed in six stunning buildings, with a dramatic architecture, complementing the natural beauty of the island. Open private beachfronts, landscaped surroundings and 360-degree sea views, add to the feeling of openness and the freedom that Bab Al Bahr adds to daily life."
The Bab Al Bahr hotel and timeshare apartments will be operated and managed by B&G Hotels and Resorts, a premium hotel and resort management company. The units will be exlusively sold by the leading property management and real estate company, Asteco, while, 90 percent mortgages will be offered to buyers of Bab Al Bahr apartments by the Union National Bank.
Piling is underway at present, while the apartment buildings are on its way to completion by the fourth quarter of 2009, revealed an official spokesman.
'Bab Al Bahr' (Your gateway to island living), the Dh.1.2 billion development, comprises 710 apartments in five buildings, that are available for freehold purchase. An additional 120 apartments are open for timeshare ownership.
The confirmation that the construction is progressing as scheduled, indicates a vital step in the development of the project that will finally encompass the residential buildings, a hotel, a timeshare building, an office tower, and a shopping mall, rendering an exclusive lifestyle.The Client Representative and Project Manager, Wahid Attalla, who is also the CEO of Spectrum Consultants, said "Available directly from Rakeen, with 100 percent freehold ownership, the Bab Al Bahr apartments are housed in six stunning buildings, with a dramatic architecture, complementing the natural beauty of the island. Open private beachfronts, landscaped surroundings and 360-degree sea views, add to the feeling of openness and the freedom that Bab Al Bahr adds to daily life."
The Bab Al Bahr hotel and timeshare apartments will be operated and managed by B&G Hotels and Resorts, a premium hotel and resort management company. The units will be exlusively sold by the leading property management and real estate company, Asteco, while, 90 percent mortgages will be offered to buyers of Bab Al Bahr apartments by the Union National Bank.
Labels: Construction Projects, Freehold Property, Ras Al Khaima
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.
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.
Labels: Business Tower, Construction Projects, New Contracts
Aldar's Al Raha project crosses major milestone
Thursday, February 14, 2008
Aldar has achieved a major milestone in their Al Raha Beach development, with the eastern precinct protected by a completed sea wall.
The Al Raha Beach project, comprises 11 precincts, with a total development area of 12 million square meters. Each of these precinct or village is unique, and stands apart from its neighbouring village in the development.
The Al Raha Beach project, comprises 11 precincts, with a total development area of 12 million square meters. Each of these precinct or village is unique, and stands apart from its neighbouring village in the development.
The Chief Operating Officer, Ronald S. Barrot said "Al Raha Beach Development has made steady and resounding progress, and we are pleased to witness this much anticipated forward move of the waterfront development to achieve this milestone. Soletanche Bachy - NSCC has done an excellent job and has met all challenges created by this fast-track project."
Followed by the completion of this milestone, the basement excavation has been progressed at the building site, followed by ground slab construction.
Covering about 570 hectares of land, the Al Raha Beach development will be the new gate way to the Capital.Labels: Al Raha Beach, Aldar, Construction Projects
Land reclamation in Waterfront Island 30% complete
Wednesday, February 06, 2008
Master Developer Nakheel says it has reclaimed 30 percent of the 400 hectare island, out of the world's most ambitious urban development project, 'Waterfront'. With an area of 1.4billion square feet, that is twice the size of Hong Kong Island and bigger than Beirut and Manhattan, Waterfront, constitutes 65 percent of current land-bank of Nakheel.
Managing Director, Matt Joyce, said "Being twice the size of Hong Kong Island, it is 13 kilometers by 7.5 kilometers in size, and a monumental project. It is an entirely new city, master-planned from scratch on a blank canvas."
Waterfront has the capacity to house 1.5million people, creating about one million jobs on its completion. The first five phases of the project are complete with hard labour put in by 20000 odd workers and 3000 construction vehicles. Waterfront, on completion will have 250 individual communities.
The amount of land being reclaimed per month is about 3.52million cubic meters, which is sufficient to fill-up Wembley Stadium thrice. Infrastructure and civil works has already begun on the first phase (Madinat Al Arab), while the work on the Palm Cove Canal, stretching 8kms, running parallel to the coast is 65% complete.
With the work on Burj Dubai, the world's tallest building, nearing completion, Waterfront on the other end, is already planning to build one such tallest building in the world, Al Burj, in downtown Madinat Al Arab.
Managing Director, Matt Joyce, said "Being twice the size of Hong Kong Island, it is 13 kilometers by 7.5 kilometers in size, and a monumental project. It is an entirely new city, master-planned from scratch on a blank canvas."
Waterfront has the capacity to house 1.5million people, creating about one million jobs on its completion. The first five phases of the project are complete with hard labour put in by 20000 odd workers and 3000 construction vehicles. Waterfront, on completion will have 250 individual communities.
The amount of land being reclaimed per month is about 3.52million cubic meters, which is sufficient to fill-up Wembley Stadium thrice. Infrastructure and civil works has already begun on the first phase (Madinat Al Arab), while the work on the Palm Cove Canal, stretching 8kms, running parallel to the coast is 65% complete.
With the work on Burj Dubai, the world's tallest building, nearing completion, Waterfront on the other end, is already planning to build one such tallest building in the world, Al Burj, in downtown Madinat Al Arab.
Labels: Construction Projects, Nakheel, Water front
Major construction contract of The Pad awarded to Al Rostamani Pegel
Thursday, January 31, 2008
One of Dubai's leading real estate developer, Omniyat Properties, has awarded the main construction contract of its 'The Pad' development to a UAE-German joint-venture, Al Rostamani Pegel.The Pad, is an iconic 24-storey futuristic tech-savvy residential real estate development in Dubai, and is also the recipient of the prestigious 'Best International Apartment' award at the CNBC International Property Awards in Las Vegas, which is one of the largest industry accolades of its kind, in the world.
The President and CEO of Omniyat Properties, Mehdi Amjad, said "The Pad has earned various awards and distinctions from international development community for its advanced technological design and functionality."
The works have already commenced, and will be complete by December 2009.
Labels: Construction Projects, New Contracts, Omniyat
Nakheel's 'The World' enters final stage of construction
Monday, January 21, 2008
Nakheel, one of the largest property developers of the world, has entered the final stage of construction of The World islands in Dubai, completing the entire project in five years from the date of announcement.
The final stone that was laid was 34 million tones of rock, which was used in constructing 27-kms breakwater, which surrounds the 300 man-made islands that make up The World. The last rock was placed by Hamza Mustafa, the Director of The World, completing the first phase of one of the most sophisticated real estate development projects in the world.
The next phase of the project is to handover the islands to their developers for construction and the building of infrastructure. The cost of the islands range from $15 to $50 million, although, at present, each island costs about $250million.
The World Islands are a collection of man-made islands shaped in the form of continents of the world, located off the Dubai coast in the UAE. It consists of small individual artificial islands, divided into four categories - estate homes, private homes, dream resorts and community islands. The Formula 1 World Champion, Michael Schumacher, owns an island in The World Island.
The final stone that was laid was 34 million tones of rock, which was used in constructing 27-kms breakwater, which surrounds the 300 man-made islands that make up The World. The last rock was placed by Hamza Mustafa, the Director of The World, completing the first phase of one of the most sophisticated real estate development projects in the world.
The next phase of the project is to handover the islands to their developers for construction and the building of infrastructure. The cost of the islands range from $15 to $50 million, although, at present, each island costs about $250million.
The World Islands are a collection of man-made islands shaped in the form of continents of the world, located off the Dubai coast in the UAE. It consists of small individual artificial islands, divided into four categories - estate homes, private homes, dream resorts and community islands. The Formula 1 World Champion, Michael Schumacher, owns an island in The World Island.
Labels: Construction Projects, Nakheel, The World
Waterfront Residences building contract awarded to Mammut Group
Monday, December 17, 2007
Nakheel, the Dubai-based largest and most innovative real estate developers in the world, has awarded the first building contract for residences at Waterfront to Mammut Group, an UAE-based building and construction enterprise.This will result in creation of first apartments and duplexes at the development, and is scheduled for completion by 2009.
Nakheel is developing an iconic portfolio of excellent landmark real estate projects in Dubai across a wide range of sectors like commercial, residential, leisure and retail. The developments of Nakheel would spread across more than 2 billion square feet of land, projected to be worth $60billion. On completion, the water front projects of Nakheel will cover about 1000 kms of Dubai's coastline.
Labels: Construction Projects, Nakheel, Water front
Ground-breaking held for Indigo Spectrum 1 and 2
Tuesday, December 11, 2007
One of fastest growing real estate development companies, Indigo Group, has announced the ground-breaking of their project, Indigo spectrum 1 and 2 in the Central District of International City, Phase 1 in Dubai.The eight-storey Indigo Spectrum 1 and 2 comprises exquisite residences, with single, double and triple bedroom apartments, and feature a rooftop pool, ground floor retail, and fully equipped gym that represent contemporary metropolitan living.
The Director of Indigo Properties, Anand Lakhiani, expressing his delight over the construction, said that Indigo Spectrums 1 and 2 are set to deliver an exciting living experience at International City. He said that he was confident about the concept being embraced by the market, which would make way for a series of stylish, affordable living solutions.
Labels: Construction Projects, International City, Real Estate Company
Diamond Views in Jumeirah Village progresses on schedule
Saturday, December 08, 2007
Diamond Developers, a new class of property developers in Dubai, have announced both projects, Diamond Views 1 and Diamond Views 2, which are progressing as per the planned schedule during the construction phase.
Diamond Views, the Dh.1bn project, located in South Jumeirah village, features town houses and residential buildings. The buildings offer four different kinds of spacious studios, eighty types of single bedrooms apartments, and three types of double bedrooms apartments. The townhouses offer a selection of two, three and four bedrooms.
Ideally positioned in Jumeirah Village, the Diamond Views offers its residents all the amenities that define Dubai's standard way of living, featuring parks, sports courts and tracks, shopping, fine dining, movies, countless night life choices and more.
The shoring and excavation works have been completed, and currently, Diamond Views 1 is at the stage of townhouses foundation up to tie beams. The construction of first phase of Diamond Views 2 began during early part of this year.
The shoring, excavation, dewatering and foundation works is being handled by Jeet Contracting. The expected completion date for first two phases is December 2008.
Diamond Views, the Dh.1bn project, located in South Jumeirah village, features town houses and residential buildings. The buildings offer four different kinds of spacious studios, eighty types of single bedrooms apartments, and three types of double bedrooms apartments. The townhouses offer a selection of two, three and four bedrooms.Ideally positioned in Jumeirah Village, the Diamond Views offers its residents all the amenities that define Dubai's standard way of living, featuring parks, sports courts and tracks, shopping, fine dining, movies, countless night life choices and more.
The shoring and excavation works have been completed, and currently, Diamond Views 1 is at the stage of townhouses foundation up to tie beams. The construction of first phase of Diamond Views 2 began during early part of this year.
The shoring, excavation, dewatering and foundation works is being handled by Jeet Contracting. The expected completion date for first two phases is December 2008.
Labels: Construction Projects, Jumeriah Village, Townhouses
Innovative building with Sandwich Panels at Al Reem nearing completion
Thursday, November 29, 2007
The first building built without any wood or steel or concrete, is nearing completion on Al Reem Island of Abu Dhabi. The building, constructed with 'sandwich panels' is made of composite materials that are usually used in making new generation aircraft, including the Airbus 350 and Boeing 787.
The project is expected to be the new corporate office of Tameer Holding, which is currently working on a $1.9bn complex on the Al Reem Island.
The techonology which emphasizes on cost-saving and faster construction, has been introduced to the region by the InnoVida Group in collaboration with Safeer Group, a UAE based company. InnoVida is a US multinational company with operations in Africa, Germany, Central and South America and Middle East, which came to limelight with Pyramid, installed at Hyde Park in UK by the renowned pop star Romero Britto.
The Chief Executive of Tameer, Dr. Abdallah Shaaban, said "We hope our building on Al Reem will be the first structure to inspire other builders in adapting this technology and will go a long way in saving construction time and energy."
The project is expected to be the new corporate office of Tameer Holding, which is currently working on a $1.9bn complex on the Al Reem Island.The techonology which emphasizes on cost-saving and faster construction, has been introduced to the region by the InnoVida Group in collaboration with Safeer Group, a UAE based company. InnoVida is a US multinational company with operations in Africa, Germany, Central and South America and Middle East, which came to limelight with Pyramid, installed at Hyde Park in UK by the renowned pop star Romero Britto.
The Chief Executive of Tameer, Dr. Abdallah Shaaban, said "We hope our building on Al Reem will be the first structure to inspire other builders in adapting this technology and will go a long way in saving construction time and energy."
Labels: Abu Dhabi, Al Reem Island, Construction Projects
Dubai Studio City commences first phase of construction works
Thursday, November 22, 2007
A member of TECOM Investments, Dubai Studio City (DSC) has announced that the construction of Phase I of its commercial complex has commenced, and will be complete by December 2008.
Spread over 490,000 square feet, the development will have a range of office spaces, suitable for small and medium business set-ups, freelancers, production houses, and animation and graphic design companies.
Dedication to the growth of radio production, film, TV, post-production and broadcast industries in the region, the Studio City will comprise 14 sound stages, and an area of 3.5million square feet for commercial offices, a business center, pre-built studios and post-production studios.
The Director of Dubai Studio City, Jamal Al Sharif, said that they are investing in developing a state of the art model which will help the partners in conducting a seamless operation. The Commercial Complex at the Dubai Studio City will comprise customized office space, to meet the needs of post-production companies.
Spread over 490,000 square feet, the development will have a range of office spaces, suitable for small and medium business set-ups, freelancers, production houses, and animation and graphic design companies.Dedication to the growth of radio production, film, TV, post-production and broadcast industries in the region, the Studio City will comprise 14 sound stages, and an area of 3.5million square feet for commercial offices, a business center, pre-built studios and post-production studios.
The Director of Dubai Studio City, Jamal Al Sharif, said that they are investing in developing a state of the art model which will help the partners in conducting a seamless operation. The Commercial Complex at the Dubai Studio City will comprise customized office space, to meet the needs of post-production companies.
Labels: Construction Projects, Dubai-Studio-City
Sorouh awards Dh.465m Shams Abu Dhabi contract to Al Geemi
Monday, November 12, 2007
Sorouh Real Estate has awarded a contract worth Dh.465m to Al Geemi and Partners for construction of utilities and roads and infrastructure in Shams Abu Dhabi.
The integrated development, worth Dh.25billion is the flagship project of Sorouh on Reem Island, which on completion, would house 55,000 residents.
"Al Geemi and Partners are the leaders in construction industry who play a major role in development of Abu Dhabi, and we are happy to work with the leading contractors in the industry," commented Mounir Haidar, the CEO of Sorouh Real Estate.
Al Geemi and Partners have been handed over the responsibility to construct the main loop road, internal roads network, water mains, internal utilities, traffic control system, storm water works, street lighting, telecommunications, sewerage, irrigation and gas works.
On completion, Shams Abu Dhabi will comprise 100 towers with 22000 residential units, apart from a park covering one million square feet in area. The entrance of the development would have the eight-tower development, The Gate district with Sky Tower comprising 74 storey and Sun Tower comprising 64 storeys.
The First phase of the project would be complete by 2009.
The integrated development, worth Dh.25billion is the flagship project of Sorouh on Reem Island, which on completion, would house 55,000 residents.
"Al Geemi and Partners are the leaders in construction industry who play a major role in development of Abu Dhabi, and we are happy to work with the leading contractors in the industry," commented Mounir Haidar, the CEO of Sorouh Real Estate.Al Geemi and Partners have been handed over the responsibility to construct the main loop road, internal roads network, water mains, internal utilities, traffic control system, storm water works, street lighting, telecommunications, sewerage, irrigation and gas works.
On completion, Shams Abu Dhabi will comprise 100 towers with 22000 residential units, apart from a park covering one million square feet in area. The entrance of the development would have the eight-tower development, The Gate district with Sky Tower comprising 74 storey and Sun Tower comprising 64 storeys.
The First phase of the project would be complete by 2009.
Labels: Abu Dhabi, Construction Projects, New Contracts, Sorouh
DuBiotech HQ, world's largest green building, begins Phase I construction
Wednesday, November 07, 2007
A member of Tecom Investments, DuBiotech (Dubai Biotechnology and Research Park) held the ground-breaking ceremony yesterday, to begin construction of its head-quarters - the Bio HQ, and the hi-tech laboratory buildings - the Nucleotide Complex. This is a part of Phase I of the entire project.
The headquarters, spreading across 600,000 square feet, has been designed by CUH2A, a leader in designing facilities for science and technology organizations. Recently, DuBiotech has been awarded the Design and Sustainability Honour Award from the American Institute of Architects (AIA), New Jersey for its technologically complex headquarters.
Expected to be one of the largest 'green' buildings in the world, the Bio HQ building was chosen mainly for its 'new regional vision' and 'refreshing and functional design' which included new initiatives to address environmental factors.
The DuBiotech Executive Director, Dr. Al Khayat, said "Our initiative to develop sustainable building indicates our commitment towards being a socially and environmentally responsible organization."
The project is slated for completed during 2009.
The headquarters, spreading across 600,000 square feet, has been designed by CUH2A, a leader in designing facilities for science and technology organizations. Recently, DuBiotech has been awarded the Design and Sustainability Honour Award from the American Institute of Architects (AIA), New Jersey for its technologically complex headquarters.
Expected to be one of the largest 'green' buildings in the world, the Bio HQ building was chosen mainly for its 'new regional vision' and 'refreshing and functional design' which included new initiatives to address environmental factors.
The DuBiotech Executive Director, Dr. Al Khayat, said "Our initiative to develop sustainable building indicates our commitment towards being a socially and environmentally responsible organization."
The project is slated for completed during 2009.
Labels: Construction Projects, DuBiotech, New Developments
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
Ground breaking ceremony held for Dh.85m Champions Tower II
Sunday, October 28, 2007
Memon Investments, an arm of leading international business group, Memon Group of Companies recently held a groundbreaking ceremony for the commencement of construction works of the Champions Tower II, worth Dh.85million, in Dubai Sports City.
During the occasion, Memon Investments handed over the shoring and excavation contract of the tower to Stromek Emirates Foundation (SEF). SEF is a subsidiary of M'sharie, and a private equity branch of Dubai Investments.
The first phase of construction works, which include excavation, shoring and foundation, will be carried out by the piling company. SEF has assured the completion of the first phase in record time. This the second assignment that SEF is handling with Memon Investments, as currently SEF is also taking care of the foundations works on Champions Tower III development.
The Managing Director of Memon Investments, Ahmed Shaikhani, quoted that considering the expertise with which SEF had completed most other projects, Memon Investments, have no hesitation in handing over the project to SEF. He added that the company is confident that SEF will maintain their quality standard as in all other previous developments and work with true dedication.
During the occasion, Memon Investments handed over the shoring and excavation contract of the tower to Stromek Emirates Foundation (SEF). SEF is a subsidiary of M'sharie, and a private equity branch of Dubai Investments.The first phase of construction works, which include excavation, shoring and foundation, will be carried out by the piling company. SEF has assured the completion of the first phase in record time. This the second assignment that SEF is handling with Memon Investments, as currently SEF is also taking care of the foundations works on Champions Tower III development.
The Managing Director of Memon Investments, Ahmed Shaikhani, quoted that considering the expertise with which SEF had completed most other projects, Memon Investments, have no hesitation in handing over the project to SEF. He added that the company is confident that SEF will maintain their quality standard as in all other previous developments and work with true dedication.
Labels: Construction Projects, Dubai Sports City
Dubai Maritime City project emphasizes on the green concept
Friday, October 26, 2007
The first purpose-built maritime center in the world, and a member of Dubai World Group of companies, the Dubai Maritime City (DMC), has instructed all its developers and contractors to include the concept of green in the construction and designing of all developments within the city, so as to ensure strict environmental and long-term sustainability.
As per the Maritime City's Master Plan, all developers are required to obtain the green building certification under BREEAM (BRE Environmental Assessment Method) or LEED (Leadership in Energy and Environmental Design). Thereafter, all the buildings within the Maritime City will be reviewed to assess the level of compliance with the environmental requirements in terms of operations, design and best practices.
The green building design will mainly focus on energy consumption and conservation measures such as minimal use of non-renewable sources, minimal production of indoor environmental waste, and use of solar energy.
The final phase of construction work on the Dubai Maritime City is currently in progress and involves infrastructural development. On completion of works in 2009, DMC will house the Maritime Center, Harbour residences, Harbour offices, an Academic Quarter, a Marina District, and Jadaf Dubai, and industrial quarter.
The CEO of Dubai Maritime City, Amer Ali, said "It is imperative that implementation of strict environmental standards be maintained, as the concept of green offers considerable long-tern investment returns, while also ensuring optimized living and working conditions protecting health of the occupants and effective utilization of resources."
As per the Maritime City's Master Plan, all developers are required to obtain the green building certification under BREEAM (BRE Environmental Assessment Method) or LEED (Leadership in Energy and Environmental Design). Thereafter, all the buildings within the Maritime City will be reviewed to assess the level of compliance with the environmental requirements in terms of operations, design and best practices.
The green building design will mainly focus on energy consumption and conservation measures such as minimal use of non-renewable sources, minimal production of indoor environmental waste, and use of solar energy.
The final phase of construction work on the Dubai Maritime City is currently in progress and involves infrastructural development. On completion of works in 2009, DMC will house the Maritime Center, Harbour residences, Harbour offices, an Academic Quarter, a Marina District, and Jadaf Dubai, and industrial quarter.
The CEO of Dubai Maritime City, Amer Ali, said "It is imperative that implementation of strict environmental standards be maintained, as the concept of green offers considerable long-tern investment returns, while also ensuring optimized living and working conditions protecting health of the occupants and effective utilization of resources."
Labels: Construction Projects, Dubai Real Estate, Latest News
Construction work commences on Abu Dhabi's biggest labour accommodation
Construction work has begun on the biggest labour accommodation facility in Abu Dhabi, worth Dh.418million, with a capacity to host more than 32,000 workers, supervisors, and technicians. Al Rayan Investments are carrying on this work in the Al Mafraq area of Abu Dhabi, located 45kms away from Abu Dhabi City Center.
The Chairman of Al Rayan Investment Company, Fardan Hassan Al Fardan, told that the labour accommodation is being built based on the directives by the Abu Dhabi Crown Prince and Deputy Supreme Commander of UAE Armed Forces, General Shaikh Mohammad Bin Zayed Al Nahyan, for creating a safe healthy environment for all workers across UAE.
The contract of the project has been awarded to Abu Dhabi Supplies and Commercial Services. The project will be constructed over a span of nine months, covering an area of 202,000 square meters. The project will feature six compounds encompassing the main building, ranging from shops, banks, modern hypermarkets, dental clinics, medical clinics, post office, travel agency, mosque, food courts, laundry, parts, public spaces and playgrounds.
Construction will take place in two phases, the firs phase will be complete in February 2008 and the second by April 2008.
The Chairman of Al Rayan Investment Company, Fardan Hassan Al Fardan, told that the labour accommodation is being built based on the directives by the Abu Dhabi Crown Prince and Deputy Supreme Commander of UAE Armed Forces, General Shaikh Mohammad Bin Zayed Al Nahyan, for creating a safe healthy environment for all workers across UAE.
The contract of the project has been awarded to Abu Dhabi Supplies and Commercial Services. The project will be constructed over a span of nine months, covering an area of 202,000 square meters. The project will feature six compounds encompassing the main building, ranging from shops, banks, modern hypermarkets, dental clinics, medical clinics, post office, travel agency, mosque, food courts, laundry, parts, public spaces and playgrounds.
Construction will take place in two phases, the firs phase will be complete in February 2008 and the second by April 2008.
Labels: Abu Dhabi, Construction Projects
Omniyat Properties commences ground-breaking work on 'The Opus' project
Thursday, October 25, 2007
Omniyat Properties, the developer of exclusive real estate projects in Dubai, has begun the ground-breaking work on their commercial development, 'The Opus' situated in the heart of Business Bay. More than 60% of the project has already been sold out.
Designed by the Pritzker Prize winning architect, Zaha Hadid, 'The Opus' is worth more than Dh.1.7billion, and has been set to adorn the Dubai skyline with artistic and iconic architecture. The project, spreading over 85,000 square meters, was unveiled by the CEO of Dubai Properties, Mohammed Binbrek.
Being a perfect blend of art and technology, 'The Opus' forms a structure resembling cube with a fluid for "void" in the middle. The Opus will comprise of three individual towers, that are fused together to create the illusion of a single structure.
Located on an island plot in Business Bay, Dubai, The Opus, depicts a waterfront location, offering the most exclusive office real estate in Dubai, The eye-catching views of Burj Dubai, will further enhance the value of the development.
'The Opus' is expected to be completed during early 2010.
Designed by the Pritzker Prize winning architect, Zaha Hadid, 'The Opus' is worth more than Dh.1.7billion, and has been set to adorn the Dubai skyline with artistic and iconic architecture. The project, spreading over 85,000 square meters, was unveiled by the CEO of Dubai Properties, Mohammed Binbrek.Being a perfect blend of art and technology, 'The Opus' forms a structure resembling cube with a fluid for "void" in the middle. The Opus will comprise of three individual towers, that are fused together to create the illusion of a single structure.
Located on an island plot in Business Bay, Dubai, The Opus, depicts a waterfront location, offering the most exclusive office real estate in Dubai, The eye-catching views of Burj Dubai, will further enhance the value of the development.
'The Opus' is expected to be completed during early 2010.
Labels: Business Bay, Commercial Property, Construction Projects, Office Space, Omniyat
Aldar's projects Al Muneera and Al Bandar on schedule
Wednesday, October 24, 2007
The first leading integrated property developer in Abu Dhabi, ALDAR Properties, has announced completion of land reclamation, ground improvement and development of diaphragm sea walls on its Al Muneera and Al Bandar projects.
The foundations of these projects have been laid, and are well-under construction. These projects were show-cased at the Cityscape Dubai 2007 by Aldar. Aldar's participation in the Cityscape could be considered a timely opportunity to focus on construction projects being undertaken by Aldar in Abu Dhabi.
The two projects on the Al Raha Beach are also progressing as scheduled, and are heading towards other construction milestones. The Al Muneera and the Al Bandar construction works are also likely to reach their targets for completion. The Al Bandar construction is in full swing with the piling work and infrastructure works being carried out, and is likely to be completed towards end of 2009.
The highway interchanges, the canal bridge crossings are all bound to be complete within the scheduled completion date. The access roads and the boulevard are gaining incremental target dates. Now with the subcontractors being finalized, the contracts are on schedule and will be complete towards end of 2007.
The Al Raha Beach Development Director, Michael Cox said "Aldar is committed towards timely delivery of projects, and we are pleased with the progress of Al Muneera and Al Bandar, so far. Our experiences in the industry, coupled with the strong relationship that we maintain with quality supplies, allows the team to concentrate in meeting quality standards desired by our customers, while also staying on the schedule initially announced."
The foundations of these projects have been laid, and are well-under construction. These projects were show-cased at the Cityscape Dubai 2007 by Aldar. Aldar's participation in the Cityscape could be considered a timely opportunity to focus on construction projects being undertaken by Aldar in Abu Dhabi.
The two projects on the Al Raha Beach are also progressing as scheduled, and are heading towards other construction milestones. The Al Muneera and the Al Bandar construction works are also likely to reach their targets for completion. The Al Bandar construction is in full swing with the piling work and infrastructure works being carried out, and is likely to be completed towards end of 2009.
The highway interchanges, the canal bridge crossings are all bound to be complete within the scheduled completion date. The access roads and the boulevard are gaining incremental target dates. Now with the subcontractors being finalized, the contracts are on schedule and will be complete towards end of 2007.
The Al Raha Beach Development Director, Michael Cox said "Aldar is committed towards timely delivery of projects, and we are pleased with the progress of Al Muneera and Al Bandar, so far. Our experiences in the industry, coupled with the strong relationship that we maintain with quality supplies, allows the team to concentrate in meeting quality standards desired by our customers, while also staying on the schedule initially announced."
Labels: Abu Dhabi, Al Raha Beach, Aldar, Business Tower, Construction Projects
Reclamation of first and largest development in The World islands complete
Tuesday, October 23, 2007
Oqyana World First has announced 100% reclamation of their islands from the Arabian Gulf. Oqyana World First is the first and largest development of the World Islands in Dubai. This project, constitutes the Australasian islands of The World, and is expected to set a benchmark for all other World developers.
The land reclamation process, which has been completed, comprises twenty islands, which are embedded into four separate land masses serving as construction platforms. On completion, these sand platforms will be scoured out to form twenty individual islands.
Oqyana Islands were initially purchased during 2005, and are being created as a lifestyle destination community, with 2500 apartments, 2 hotels constituting a seven-star and a luxury spa resort, and 200 villas.
Other features in the development include leisure facilities, performing arts, a conference center, cafes, restaurants and island lifestyle specific retail.
Oqyana World First, located 4kms from Dubai coastline, will occupy a total area of 1.87million square meters, and a total upland area of 417,000 square meters. It will contain 17kms of inter-linked walkways, with more than 1500 private yacht berths and 15,000 meters of shore front and marina.
The COO of Oqyana Limited, Dr. Wadad Al Suwayeh, expressing his excitement over achieving the milestone, said "It has been achieved earlier than planned, and as far as Dubai terminology goes, this is a great feat. We have worked closely with The World LLC, and are pleased to be ahead to schedule."
The land reclamation process, which has been completed, comprises twenty islands, which are embedded into four separate land masses serving as construction platforms. On completion, these sand platforms will be scoured out to form twenty individual islands.
Oqyana Islands were initially purchased during 2005, and are being created as a lifestyle destination community, with 2500 apartments, 2 hotels constituting a seven-star and a luxury spa resort, and 200 villas.
Other features in the development include leisure facilities, performing arts, a conference center, cafes, restaurants and island lifestyle specific retail.
Oqyana World First, located 4kms from Dubai coastline, will occupy a total area of 1.87million square meters, and a total upland area of 417,000 square meters. It will contain 17kms of inter-linked walkways, with more than 1500 private yacht berths and 15,000 meters of shore front and marina.
The COO of Oqyana Limited, Dr. Wadad Al Suwayeh, expressing his excitement over achieving the milestone, said "It has been achieved earlier than planned, and as far as Dubai terminology goes, this is a great feat. We have worked closely with The World LLC, and are pleased to be ahead to schedule."
Labels: Construction Projects, Real Estate News
Al Naboodah awarded the construction of Dh.555mn i-Rise Tower
Tuesday, October 16, 2007
A leading Dubai real estate developer, Realty Capital Middle East FZ LLC, has awarded to Al Naboodah Contracting, a contract worth Dh.555 million for construction and implementation of the i-Rise Tower. The 37 storey commercial realty project is located in the TECOM (Technology and Media Free zone) in Dubai.
The tower will be the largest in the region, comprising a built-up area of more than 1 million and eight hundred square feet. The unique wave-like profile of the tower reflects the advanced infrastructure and the technology-focused vision of the development.
The i-Rise Tower will provide office modules that begin from 700 sq ft in size, in a free-zone location. The development also comprises the best amenities. The commercial project is so designed to include executive and corporate offices, coffee shops, restaurants, 18 high speed elevators, fitness center, retail space, a multi-storey car park and a helipad.
The CEO of Realty Capital - Middle East, Marwan G. Mansour, said "Time is critical for this project, as investors expect timely delivery of the project. With Al NAboodah on their wheels, we are confident about delivering the project in time, while also meeting the highest quality in standards. Currently the phase one of the project is progressing smoothly, and hence we expect a smooth transition to the second phase of construction."
The tower will be the largest in the region, comprising a built-up area of more than 1 million and eight hundred square feet. The unique wave-like profile of the tower reflects the advanced infrastructure and the technology-focused vision of the development.The i-Rise Tower will provide office modules that begin from 700 sq ft in size, in a free-zone location. The development also comprises the best amenities. The commercial project is so designed to include executive and corporate offices, coffee shops, restaurants, 18 high speed elevators, fitness center, retail space, a multi-storey car park and a helipad.
The CEO of Realty Capital - Middle East, Marwan G. Mansour, said "Time is critical for this project, as investors expect timely delivery of the project. With Al NAboodah on their wheels, we are confident about delivering the project in time, while also meeting the highest quality in standards. Currently the phase one of the project is progressing smoothly, and hence we expect a smooth transition to the second phase of construction."
Labels: Business Tower, Construction Projects, New Contracts, Office Space
Zenath begins construction works on Dh.50mn Auto Showroom Complex
Wednesday, October 03, 2007
Zenath Real Estate has announced the commencement of construction works on the Dh.50million worth, auto Showroom complex in Dubai Investments Park.
Zenath, part of Khalid Abdullah Al Ghurair Group, is constructing a showroom in Partnership with Western Auto, a leading automobile trading company in UAE, also a part of ETA-Star Group.
Spread across an area of 101,000 Square Feet, the auto Showroom Complex comprises seven showrooms with various sizes, located in close proximity to the Emirates Road, Green Community, and the Emirates Road.
Apart from housing Western Auto vehicles, the showroom complex will be rented out to other automobile retailers who can influence the facilities and location of the complex. The complex will have ample parking space for visitors and each showroom will display advertising materials, and placement of promotion by the retailers.
The project is due for completion towards mid-2008.
The Group Director of Zenath, SM Sadique, says "The construction of the state-of-the-art auto showroom in partnership with Western Auto will add a new dimension to our project portfolio."
Zenath announced the launch of a new string of commercial, residential and hotel projects in UAE, worth Dh.2billion. Other projects in pipeline are 10 luxurious hotels across the country, a shopping mall in the Dubai Investments Park, and numerous other residential and commercial projects in and around Dubai.
Western Auto specializes in sales and purchase of vehicles in all categories. They provide a range of retail packages to meet all customer needs that range from import-export of automotive brands to luxury models, purchase and sales of new and used cars, finance packages, vehicle insurance and warranty, supply of spare parts, vehicle registration etc.
Zenath, part of Khalid Abdullah Al Ghurair Group, is constructing a showroom in Partnership with Western Auto, a leading automobile trading company in UAE, also a part of ETA-Star Group.
Spread across an area of 101,000 Square Feet, the auto Showroom Complex comprises seven showrooms with various sizes, located in close proximity to the Emirates Road, Green Community, and the Emirates Road.
Apart from housing Western Auto vehicles, the showroom complex will be rented out to other automobile retailers who can influence the facilities and location of the complex. The complex will have ample parking space for visitors and each showroom will display advertising materials, and placement of promotion by the retailers.
The project is due for completion towards mid-2008.
The Group Director of Zenath, SM Sadique, says "The construction of the state-of-the-art auto showroom in partnership with Western Auto will add a new dimension to our project portfolio."
Zenath announced the launch of a new string of commercial, residential and hotel projects in UAE, worth Dh.2billion. Other projects in pipeline are 10 luxurious hotels across the country, a shopping mall in the Dubai Investments Park, and numerous other residential and commercial projects in and around Dubai.
Western Auto specializes in sales and purchase of vehicles in all categories. They provide a range of retail packages to meet all customer needs that range from import-export of automotive brands to luxury models, purchase and sales of new and used cars, finance packages, vehicle insurance and warranty, supply of spare parts, vehicle registration etc.
Labels: Construction Projects, New Contracts, Real Estate Projects
Omniyat Properties begins construction work on 'The Binary' freehold commercial tower
Saturday, September 29, 2007
Omniyat Properties, the real estate arm of Omniyat Holdings, has announced the first phase of construction work on 'The Binary'. The main construction work for the freehold commercial project, worth Dh.550 million, has been awarded to Dutco Balfour Beatty Group. The enabling works, which began in March 2007, is almost complete, with 5% of overall development work now being completed.
The President and CEO of Omniyat Properties, Mehdi Amjad says "The project is a significant development and working together with the finest names in construction industry is a guarantee to deliver the most technologically advanced and futuristic developments to customers in the region. We wish to develop an office tower that help make its inhabitant more creative, efficient, and more productive."
The Binary real estate project comprises of two 21 and 25 storey freehold commercial towers, fused at the center, which is likely to come up on plot number 50 in Business Bay District in Dubai. The towers offer commercial space ranging from 55 to 180 square meters. The state-of-the art project will be elevated over a four level podium and will contain retail and commercial shops. 'The Binary' will be infused with intelligent technology, such as radio frequency identification, biometric access and voice over internet telephony.
The President and CEO of Omniyat Properties, Mehdi Amjad says "The project is a significant development and working together with the finest names in construction industry is a guarantee to deliver the most technologically advanced and futuristic developments to customers in the region. We wish to develop an office tower that help make its inhabitant more creative, efficient, and more productive."The Binary real estate project comprises of two 21 and 25 storey freehold commercial towers, fused at the center, which is likely to come up on plot number 50 in Business Bay District in Dubai. The towers offer commercial space ranging from 55 to 180 square meters. The state-of-the art project will be elevated over a four level podium and will contain retail and commercial shops. 'The Binary' will be infused with intelligent technology, such as radio frequency identification, biometric access and voice over internet telephony.
Labels: Business Bay, Business Tower, Construction Projects, Freehold Property, Omniyat, Real Estate Company
Mall of Arabia phase 1 contract awarded to Dubai Contracting
Wednesday, September 26, 2007
Dubai Contracting, a construction company, is said to have been awarded with a construction contract to build the Phase One of the Mall of Arabia, the major retail component of the $2billion City of Arabia project in Dubailand.
The project on completion will be the biggest shopping malls in the world, with 4.2million Square Feet of retail space in its Phase One with 1200 retail outlets.
The project is likely to be built within the next 21 months, with 10,000 or more workers. The Vice Chairman and Managing Director of City of Arabia, developer Elyas and Mustafa Galadari Group, said that the company has worked hard on choosing the right people for the job and Dubai Contracting has the reputation of being a company capable of delivering the projects on schedule, apart from having the right skill mix and equipment resources.
On completion, the mall will be readily accessible to the Restless Planet Dinosaur Theme Park and will be linked to the rest of the complex through a mix of hotels, restaurants and shops, commercial and residential units through small electrically powered boats.
A total of 85 percent of the total leasable area of the mall is committed to retailers.
The project on completion will be the biggest shopping malls in the world, with 4.2million Square Feet of retail space in its Phase One with 1200 retail outlets.The project is likely to be built within the next 21 months, with 10,000 or more workers. The Vice Chairman and Managing Director of City of Arabia, developer Elyas and Mustafa Galadari Group, said that the company has worked hard on choosing the right people for the job and Dubai Contracting has the reputation of being a company capable of delivering the projects on schedule, apart from having the right skill mix and equipment resources.
On completion, the mall will be readily accessible to the Restless Planet Dinosaur Theme Park and will be linked to the rest of the complex through a mix of hotels, restaurants and shops, commercial and residential units through small electrically powered boats.
A total of 85 percent of the total leasable area of the mall is committed to retailers.
Labels: Commercial Property, Construction Projects, Dubailand, Mall-of-Arabia, Office Space, Shopping Mall
Construction works to commence as scheduled on Damac's Smart Heights
Friday, September 14, 2007
Damac Properties has announced that the construction works of its 'Smart Heights' project at Tecom, would commence as scheduled. The project is due to be completed by August 2009.
Earlier, Damac launched the Executive Heights project in Tecom, and went on to become the first to announce an office tower in Tecom. Smart Heights is the second project of the company in Tecom.
The enabling works, including excavation and piling for development of the infrastructure, was completed on 24th July this year. The enabling works were carried out by International Foundation Group (IFG), who are the leaders in the field of geotechnical and foundation engineering.
Currently, Engineering and Contracting Company (ECC), the leading contractors in the industry will begin construction of 'Smart Heights' as scheduled.
Smart Heights will offer a state-of-the-art office space that covers 288,000 square feet of area, with 22,000 square feet of prime retail outlets, six levels of parking, and other amenities such as day-care and healthcare center. The project will offer businesses too, the ultimate in smart technology.
The Smart technology feature comprises a smart card for controlled access anywhere within the building, smart technology featuring eye-biometric recognition, smart lighting energy management system, fully automated business lounge and boardroom, a touch pad request and LCD screen response in smart elevators.
Damac Properties recently won three prestigious awards at the CNBC Arabian Property Awards 2006. Damac won the best development award for its 'Oceanscape', best architecture award for 'Ocean Heights 2' and best website award for the company website- www.damacproperties.com. The company also received IREF ME award for being the best residential development in UAE.
Earlier, Damac launched the Executive Heights project in Tecom, and went on to become the first to announce an office tower in Tecom. Smart Heights is the second project of the company in Tecom.The enabling works, including excavation and piling for development of the infrastructure, was completed on 24th July this year. The enabling works were carried out by International Foundation Group (IFG), who are the leaders in the field of geotechnical and foundation engineering.
Currently, Engineering and Contracting Company (ECC), the leading contractors in the industry will begin construction of 'Smart Heights' as scheduled.
Smart Heights will offer a state-of-the-art office space that covers 288,000 square feet of area, with 22,000 square feet of prime retail outlets, six levels of parking, and other amenities such as day-care and healthcare center. The project will offer businesses too, the ultimate in smart technology.
The Smart technology feature comprises a smart card for controlled access anywhere within the building, smart technology featuring eye-biometric recognition, smart lighting energy management system, fully automated business lounge and boardroom, a touch pad request and LCD screen response in smart elevators.
Damac Properties recently won three prestigious awards at the CNBC Arabian Property Awards 2006. Damac won the best development award for its 'Oceanscape', best architecture award for 'Ocean Heights 2' and best website award for the company website- www.damacproperties.com. The company also received IREF ME award for being the best residential development in UAE.
Labels: Business Tower, Construction Projects, Damac Properties, Office Space
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.
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.
Labels: City-of-Arabia, Construction Projects, Dubailand, Mall-of-Arabia, New Contracts, Shopping Mall
ACC wins largest single building construction contract worth Dh2.7bn
Saturday, September 08, 2007
Aldar Properties has awarded the contract worth Dh.2.7billion to Arabian Construction Company (ACC) for construction of three towers including an eighty eight storey structure at the Central Market located in the core of Abu Dhabi's Central Business District. This is the largest contract ever for single building to be awarded in Abu Dhabi.Designed by Foster & Partners, the leading UK architects, the project comprises a five star hotel tower, a residential tower, commercial tower and a four-star restaurant, in addition to the residual retail podium, which is due for an award next month.
The Residential Tower with 88 storeys measuring 382 meters in height, will be the tallest tower on the Abu Dhabi skyline, housing 489 luxury apartments.
The five-star hotel tower will comprise 55 storeys with 279 rooms and 132 serviced apartments.
The commercial tower will have 58 storeys with sufficient office space.
The smallest tower with 16 storeys, will be a four-star hotel comprising 212 rooms.
Labels: Abu Dhabi, Construction Projects, Real Estate Company
Jog Union wins contract to develop Phase I of Yasmin Village
Sunday, September 02, 2007
The construction contract for the first phase of the Dh.800million Yasmin Village has been awarded to Jog Union Engineering by its developers Union Group of Companies (UGC) and the RAK Real Estate.
Yasmin Village is a rural, family-oriented commercial and residential project located in Ras Al Khaima.
The project will help in creating an environment-friendly neighbourhood, where only hybrid battery operated cars will be used. It will be a closed community with an environment-friendly surrounding wherein almost all aspect of the nature, including water will be recycled.
The UGC Director for Business Development, Mahesh Ram said that Jog Union was awarded the construction contract after a thorough due diligence process and after carrying out various rounds of critical evaluation.
Yasmin Village is a rural, family-oriented commercial and residential project located in Ras Al Khaima.The project will help in creating an environment-friendly neighbourhood, where only hybrid battery operated cars will be used. It will be a closed community with an environment-friendly surrounding wherein almost all aspect of the nature, including water will be recycled.
The UGC Director for Business Development, Mahesh Ram said that Jog Union was awarded the construction contract after a thorough due diligence process and after carrying out various rounds of critical evaluation.
Labels: Construction Projects, New Contracts, Ras Al Khaima
DIP awards office tower project worth Dh.200 million to DCC
Sunday, August 26, 2007
The construction contract of Dubai Investment Properties (DIP) LLC Office Tower in Business Bay district of Dubai has been awarded to Dubai Contracting Company (DCC), a major international construction company in Dubai.
The project involves development of a luxurious forty five storey commercial tower, with a separate fourteen storey car park and two basements on Sheikh Zayed Road.
The Investment and Marketing Manager of DCC, Wissam Otaky, said "The DIP tower is a great addition to our projects portfolio, and provides office space solutions with premium quality finishing."
The commercial project will spread over an area of 70,172 square meters, and will comprise of the latest and state-of-the-art technologies, meant for business purposes with supreme functionality, without any kind of compromise on elegance and aesthetics.
DCC, along with Arkiteknik International Consulting Engineers, who are also the architects behind projects such as the Twin Towers Deira, Flora Creek, and the Grand Hyatt Dubai, will together carry the project forward. The tower is in preliminary stages of construction and is due to be completed by 2009.
The project involves development of a luxurious forty five storey commercial tower, with a separate fourteen storey car park and two basements on Sheikh Zayed Road.
The Investment and Marketing Manager of DCC, Wissam Otaky, said "The DIP tower is a great addition to our projects portfolio, and provides office space solutions with premium quality finishing."
The commercial project will spread over an area of 70,172 square meters, and will comprise of the latest and state-of-the-art technologies, meant for business purposes with supreme functionality, without any kind of compromise on elegance and aesthetics.
DCC, along with Arkiteknik International Consulting Engineers, who are also the architects behind projects such as the Twin Towers Deira, Flora Creek, and the Grand Hyatt Dubai, will together carry the project forward. The tower is in preliminary stages of construction and is due to be completed by 2009.
Labels: Business Bay, Construction Projects, New Contracts
Fortune Tower nearing completion; will be handed over by October
Saturday, August 18, 2007
The construction work on the Fortune Tower development located at Shaikh Zayed Road in Dubai, is finally nearing completion, after a deadly blaze in the tower, which involved the death of two, and injury of dozens of workers.
The Fortune Group, the Dubai-based developer recently announced that the construction work on the Dh.170million project at the Jumeirah Lake Towers is 95 percent complete, and is ready to be handed over towards end of October.
On January 18th, fire broke out on the upper storeys of the 34storey building, which left two workers dead, and forty others with injuries. An investigation on the cause of the blaze revealed that, a burning welding material lighted-up the wooden parts of an area of scaffolding.
A representative of the Fortune Group said that the building suffered no structural damage, and the work resumed within a couple of months. Completion and testing of the tower with 35 storeys will be conducted by next month end, after which, the customers will be allowed to inspect he premises, and the handover will be done in October.
The Fortune Group mentioned that the project was sold within four months of its launch. The Chief Executive of the Fortune Group, Syed Mohammad Ali said that the project will meet the increasing demand for commercial space that is maintained by the economic growth in the region.
The construction works is being managed by IJM Corporation, based in Malaysia. On completion, the tower will have a total office space of 350,000 with a total of 254 office units.
The Fortune Pearl, Fortune Bravo, Fortune Bay, Fortune Avenue, Fortune Executive Tower, Crustal Tower, Casa Marbella, Fortune Pavilion, and Fortune Serene are the other projects of the Fortune Group
The Fortune Group, the Dubai-based developer recently announced that the construction work on the Dh.170million project at the Jumeirah Lake Towers is 95 percent complete, and is ready to be handed over towards end of October.
On January 18th, fire broke out on the upper storeys of the 34storey building, which left two workers dead, and forty others with injuries. An investigation on the cause of the blaze revealed that, a burning welding material lighted-up the wooden parts of an area of scaffolding.
A representative of the Fortune Group said that the building suffered no structural damage, and the work resumed within a couple of months. Completion and testing of the tower with 35 storeys will be conducted by next month end, after which, the customers will be allowed to inspect he premises, and the handover will be done in October.
The Fortune Group mentioned that the project was sold within four months of its launch. The Chief Executive of the Fortune Group, Syed Mohammad Ali said that the project will meet the increasing demand for commercial space that is maintained by the economic growth in the region.
The construction works is being managed by IJM Corporation, based in Malaysia. On completion, the tower will have a total office space of 350,000 with a total of 254 office units.
The Fortune Pearl, Fortune Bravo, Fortune Bay, Fortune Avenue, Fortune Executive Tower, Crustal Tower, Casa Marbella, Fortune Pavilion, and Fortune Serene are the other projects of the Fortune Group
Labels: Construction Projects, Fortune, Real Estate Company, Real Estate News
Ground work in The Palm Jebel Ali, nearing completion
Wednesday, August 15, 2007
Nakheel has announced completion of more than half of the ground works at The Palm Jebel Ali.
The company is currently under the process of using a technique called "vibrocompaction" wherein the specially designed vibrating probes help increase the bearing capacity of the soil, and makes it ready for construction. This work helps in ensuring that no land subsidence will take place in future.
Currently eighteen vibroprobes are being used for the work, with each probe holding a capacity of 1800 revolutions per minute, and weighs approximately 2600 kgms, resulting in a force of 30 to 50 tonnes, according to statement from Nakheel.
The vibrocompaction increases the soil bearing capacity of the reclaimed land by more than eighty percent, and creates a land mass that equals the mainland Dubai, in its strength.
The Palm Jebel Ali, Managing Director, Marwan Al Qamsi, has assured that the process will ensure the strength of the island, and added that through this process of vibrocompaction, the desired result which would require twenty years for accomplishment by natural process will be achieved within months.
The process also ensures that the reclaimed land mass in The Palm Jebel Ali will be strong enough for construction of high-rises, and also ensures that the island will not move or sink.
Now, with most of the reclamation work nearing completion, Nakheel has already begun the infrastructure work, which is eventually capable of supporting a population of more than 250,000 people.
The Palm Jebel Ali will host a population of 1.7million by 2020.
Currently eighteen vibroprobes are being used for the work, with each probe holding a capacity of 1800 revolutions per minute, and weighs approximately 2600 kgms, resulting in a force of 30 to 50 tonnes, according to statement from Nakheel.
The vibrocompaction increases the soil bearing capacity of the reclaimed land by more than eighty percent, and creates a land mass that equals the mainland Dubai, in its strength.
The Palm Jebel Ali, Managing Director, Marwan Al Qamsi, has assured that the process will ensure the strength of the island, and added that through this process of vibrocompaction, the desired result which would require twenty years for accomplishment by natural process will be achieved within months.
The process also ensures that the reclaimed land mass in The Palm Jebel Ali will be strong enough for construction of high-rises, and also ensures that the island will not move or sink.
Now, with most of the reclamation work nearing completion, Nakheel has already begun the infrastructure work, which is eventually capable of supporting a population of more than 250,000 people.
The Palm Jebel Ali will host a population of 1.7million by 2020.
Labels: Construction Projects, Nakheel, Palm Islands, Real Estate News
Nakheel appoints SMRTE for operation of the Palm Monorail project
Monday, August 06, 2007
Nakheel has appointed SMRT Engineering, a subsidiary of SMRT Corporation of Singapore, for the operations of Dh.1.4 billion monorail in The Palm Jumeirah.
The contract will be finalized and SMRTE will soon be appointed as the operator for The Palm Monorail.
The contract was awarded to SMRTE by Nakheel through a competitive tender. There were four international submissions that have been reviewed over a span of three months.
The Palm Monorail is the first of its kind in the Middle East, and is expected to be developed by a group of major international companies under the leadership of Marubeni Corporation. The monorail is a Hitachi-based double tracked system that are 5.45kms elevated with four stations. The project is hundred percent automatic and driverless, although an attendant will always be available on board. The monorail has the capacity to carry about 2400 passengers per hour in each route in four separate trains, with three cars. The maximum capacity would be to carry 6000 people in nine vehicles.
The construction work is expected to be completed by November 2008, and happens to coincide with the Atlantis launch, The Palm Jumeirah.
The Palm Monorail, apart from being the first such system in the region, will also turn out to be a global milestone for the transportation industry.
The contract will be finalized and SMRTE will soon be appointed as the operator for The Palm Monorail.
The contract was awarded to SMRTE by Nakheel through a competitive tender. There were four international submissions that have been reviewed over a span of three months.
The Palm Monorail is the first of its kind in the Middle East, and is expected to be developed by a group of major international companies under the leadership of Marubeni Corporation. The monorail is a Hitachi-based double tracked system that are 5.45kms elevated with four stations. The project is hundred percent automatic and driverless, although an attendant will always be available on board. The monorail has the capacity to carry about 2400 passengers per hour in each route in four separate trains, with three cars. The maximum capacity would be to carry 6000 people in nine vehicles.
The construction work is expected to be completed by November 2008, and happens to coincide with the Atlantis launch, The Palm Jumeirah.
The Palm Monorail, apart from being the first such system in the region, will also turn out to be a global milestone for the transportation industry.
Labels: Construction Projects, Nakheel, New Contracts, Palm Islands, Palm Jumeirah
Mizin initiates Infrastructure work on Arjan community project
Sunday, August 05, 2007
Mizin, the Dubai based developer, has commenced infrastructure work on its Arjan community project, worth Dh.20billion, which is also one of the three developments of the company in Dubailand.
Arjan is located at the Dubailand interchange, between the Umm Suqeim Road and Emirates Road. Arjan will feature Dubai's open air amphitheatre, a unique attraction and a major location for conducting events. It will comprise of freehold mixed-use developments with 100 residential complexes and six iconic commercial towers that can house 67,000 residents. It will also include commercial, residential, leisure, retail and event and cultural developments. The Great Dubai Wheel, will be located within the Arjan Community, and will be a unique landmark to Dubai skyline.
The CEO of Mizin, Sami Al Hashimi, said "We feel proud in contributing to the development of Dubai realty market with more innovative and hi-tech projects. Our project location, which is in close proximity to all major Dubailand attractions, will serve as an added benefit to the Arjan development."
Mizin is a member of the real-estate specialized company, Tatweer. Mizin plans to go an extra mile beyond traditional real estate development, introducing innovative and unique ideas and ensure that implementation meets international standards.
Arjan is located at the Dubailand interchange, between the Umm Suqeim Road and Emirates Road. Arjan will feature Dubai's open air amphitheatre, a unique attraction and a major location for conducting events. It will comprise of freehold mixed-use developments with 100 residential complexes and six iconic commercial towers that can house 67,000 residents. It will also include commercial, residential, leisure, retail and event and cultural developments. The Great Dubai Wheel, will be located within the Arjan Community, and will be a unique landmark to Dubai skyline.
The CEO of Mizin, Sami Al Hashimi, said "We feel proud in contributing to the development of Dubai realty market with more innovative and hi-tech projects. Our project location, which is in close proximity to all major Dubailand attractions, will serve as an added benefit to the Arjan development."
Mizin is a member of the real-estate specialized company, Tatweer. Mizin plans to go an extra mile beyond traditional real estate development, introducing innovative and unique ideas and ensure that implementation meets international standards.
Labels: Construction Projects, Dubailand, Freehold Property, New Developments, Real Estate Company, Residential
Construction of 72 Business Bay Towers under progress
Saturday, August 04, 2007
Construction work on phase one of 72 towers in Business Bay is in progress. This comprises one third of the total number of buildings in the master development that covers 64 million square meters.
More than eighty percent of Business Bay comprises developments by third-party investors, including international and regional property developers. The plots in the phase one of the multi-phase project are reported to have been completely sold out.
The Master developer of Business Bay, Dubai Properties, is building eighteen towers on the whole, including, Porsche Design Towers, Vision towers, Executive Towers, Signature Towers, Aspect Towers and more in pipeline.
The Executive Towers comprises eleven buildings out of which one is for commercial purpose and the rest nine for residential purposes. It also includes a Hotel with 303 rooms.
The overall project, on completion, will comprise residential units, office towers and retail and hotel areas. However, this is a commercial project, and aims to consolidate Dubai’s position as a global business hub and aims to meet the increasing demand for office space.
The other mixed-use master developments of Dubai Properties include The Villa, The Tijara Town, Culture Villas and Jumeirah Beach Residence.
More than eighty percent of Business Bay comprises developments by third-party investors, including international and regional property developers. The plots in the phase one of the multi-phase project are reported to have been completely sold out.
The Master developer of Business Bay, Dubai Properties, is building eighteen towers on the whole, including, Porsche Design Towers, Vision towers, Executive Towers, Signature Towers, Aspect Towers and more in pipeline.
The Executive Towers comprises eleven buildings out of which one is for commercial purpose and the rest nine for residential purposes. It also includes a Hotel with 303 rooms.
The overall project, on completion, will comprise residential units, office towers and retail and hotel areas. However, this is a commercial project, and aims to consolidate Dubai’s position as a global business hub and aims to meet the increasing demand for office space.
The other mixed-use master developments of Dubai Properties include The Villa, The Tijara Town, Culture Villas and Jumeirah Beach Residence.
Labels: Business Bay, Commercial Property, Construction Projects, Real Estate News
Al Mazaya appoints GCC as main contractor for Dh.1.25b project
Wednesday, August 01, 2007
The General Construction Company (GCC) has been appointed as the main contractor for the Al Mazaya Business Avenue project at the Jumeirah Lakes, worth Dh.1.25billion. The contract work has been handed over to GCC by Al Mazaya Holding.
The project comprises three towers of forty five storey each, for commercial purpose. The cost of construction is said to touch Dh.799million. The project is scheduled for delivery by 2009.
The Executive Manager and CEO of Al Mazaya Holding, Khalid Esbaith, said “The economic growth of UAE has prompted several international firms to open branches in the UAE and Dubai. However, there is a lack of office space. Al Mazaya Business Avenue will help in alleviating the shortage of commercial office space to a great extent.”
Among the three towers of the project, the first tower was snapped by the Hilal Al Zarroni Group and Dynasty Enterprises for $111 million, the second building was stumped by Hilal Al Zarooni and Baraq Group for $109 million. The third tower will be let out as a long term investment for Al Mazaya to generate revenue.
The project comprises three towers of forty five storey each, for commercial purpose. The cost of construction is said to touch Dh.799million. The project is scheduled for delivery by 2009.
The Executive Manager and CEO of Al Mazaya Holding, Khalid Esbaith, said “The economic growth of UAE has prompted several international firms to open branches in the UAE and Dubai. However, there is a lack of office space. Al Mazaya Business Avenue will help in alleviating the shortage of commercial office space to a great extent.”
Among the three towers of the project, the first tower was snapped by the Hilal Al Zarroni Group and Dynasty Enterprises for $111 million, the second building was stumped by Hilal Al Zarooni and Baraq Group for $109 million. The third tower will be let out as a long term investment for Al Mazaya to generate revenue.
Labels: Business Tower, Construction Projects, Dubai Real Estate, New Contracts, Real Estate Company
Arabtec awarded the Dh.1billion hotel contract
Thursday, July 19, 2007
Arabtec, together with Dubai Contracting Company (DCC) have won a contract, worth Dh.1 billion for working on a hotel on Shaikh Zayed Road in Dubai.
The work includes the main hotel building construction, comprising four basement levels, mezzanine and ground floors and fifty one storeys, Arabtec has revealed.
The contract is worth Dh.1,076 million, but the company who has awarded the work is yet to be disclosed.
Arabtec Holding, Managing Director, Riad Kamal, said "The participation of DCC with Arabtec in this joint venture is due to the successful track record of earlier joint-venture for the construction work of the Fairmont Hotel in Dubai."
Arabtec, established in 1975, employs more than 24,000 people.
The work includes the main hotel building construction, comprising four basement levels, mezzanine and ground floors and fifty one storeys, Arabtec has revealed.
The contract is worth Dh.1,076 million, but the company who has awarded the work is yet to be disclosed.
Arabtec Holding, Managing Director, Riad Kamal, said "The participation of DCC with Arabtec in this joint venture is due to the successful track record of earlier joint-venture for the construction work of the Fairmont Hotel in Dubai."
Arabtec, established in 1975, employs more than 24,000 people.
Labels: Arabtec, Construction Projects, New Contracts
Dh.500m 'The Prism' contract awarded to Commodore Contracting
Sunday, July 15, 2007
The contract for Dh.500million flagship project, 'The Prism' at the Business Bay, has been awarded to Commodore Contracting by Credo Investments.
The President of Credo Investments, Sajjad M. Rashid, and the Commodore Contracting Chairman, Ameen Hesdin, have signed the contract for the project, due to be one of the most prestigious commercial properties in Business Bay.
The CEO of Credo Investments, Mohammad Dewji, said, "We have appointed reputed companies for contracting and project management, and as Business Bay, by itself is a prestigious development, we offer an equivalent quality standard to our investors in The Prism. The quality and safety which pervades in all our projects have helped us in creating trust among all our clients."
Rashid also mentioned that the ideal location of The Prism is a great advantage. The Prism, being located at the entrance of the 64million square feet Business Bay, overlooks Shaikh Zayed Road.
Rashid assured that all aspects of the project are being taken into consideration carefully, so that the property could be handed over on time.
The work on three main elements of Business Bay, such as the laying of foundation towers, establishing ultra-modern infrastructure and extension of Dubai Creek are going on at a speedy pace. Quite a few local and global companies have already chosen it as their business location in future.
The President of Credo Investments, Sajjad M. Rashid, and the Commodore Contracting Chairman, Ameen Hesdin, have signed the contract for the project, due to be one of the most prestigious commercial properties in Business Bay.
The CEO of Credo Investments, Mohammad Dewji, said, "We have appointed reputed companies for contracting and project management, and as Business Bay, by itself is a prestigious development, we offer an equivalent quality standard to our investors in The Prism. The quality and safety which pervades in all our projects have helped us in creating trust among all our clients."
Rashid also mentioned that the ideal location of The Prism is a great advantage. The Prism, being located at the entrance of the 64million square feet Business Bay, overlooks Shaikh Zayed Road.
Rashid assured that all aspects of the project are being taken into consideration carefully, so that the property could be handed over on time.
The work on three main elements of Business Bay, such as the laying of foundation towers, establishing ultra-modern infrastructure and extension of Dubai Creek are going on at a speedy pace. Quite a few local and global companies have already chosen it as their business location in future.
Labels: Business Bay, Construction Projects, New Contracts
Lack of timely delivery has resulted in shoot-up of rent rates
Wednesday, June 27, 2007
There is a shortage of 26,000 housing units, in comparison to the expected delivery of 40,000 units during 2006. This has resulted in rise in rents during the first quarter of this year, according to results of a new research.
Due to delays in key projects, only about 14,000 units were delivered in Dubai. This demand-supply gap resulted in rising rents, as the rentals for two bedroom apartments rose to eighteen percent during the first quarter of 2007, in comparison to the same period last year, says Asteco, a property management company. The rents for single, and three bedroom apartments rose by fourteen and thirteen percent respectively.
However, Asteco, in its report, mentioned that as the increase in rent rates were mainly due to the shortage of completed residential units, a large number of developments are expect to hit the market by end of this year and thereafter the rents are expected to stabilize.
The government had also recently stated that the house items and housing rents had risen by fifteen percent in the UAE, with inflation touching 9.3 percent during 2006. The average annual rents for single, double and three bedroom apartments were Dh.80,000, Dh.115,000, and Dh.140,000 respectively during the first quarter.
Dubai Marina recorded highest rentals of Dh.110,000 to Dh.210,000 on average and rents increased by 20 percent during fourth quarter.
Villa rentals increased by fourteen to fifteen percent in Umm Suqeim quarteron-quarter and Garhoud. The rentals in Old Dubai were highest in Jumeirah 1, and ranged from Dh.270,000 to Dh.500,000. However, the villas are said to be scarce in supply than the apartments.
Asteco report states that the steep increase in Dubai rents has resulted in increase in demand of residential accommodation in nearby emirates such as Fujairah, Ajman and Sharjah.
Due to delays in key projects, only about 14,000 units were delivered in Dubai. This demand-supply gap resulted in rising rents, as the rentals for two bedroom apartments rose to eighteen percent during the first quarter of 2007, in comparison to the same period last year, says Asteco, a property management company. The rents for single, and three bedroom apartments rose by fourteen and thirteen percent respectively.
However, Asteco, in its report, mentioned that as the increase in rent rates were mainly due to the shortage of completed residential units, a large number of developments are expect to hit the market by end of this year and thereafter the rents are expected to stabilize.
The government had also recently stated that the house items and housing rents had risen by fifteen percent in the UAE, with inflation touching 9.3 percent during 2006. The average annual rents for single, double and three bedroom apartments were Dh.80,000, Dh.115,000, and Dh.140,000 respectively during the first quarter.
Dubai Marina recorded highest rentals of Dh.110,000 to Dh.210,000 on average and rents increased by 20 percent during fourth quarter.
Villa rentals increased by fourteen to fifteen percent in Umm Suqeim quarteron-quarter and Garhoud. The rentals in Old Dubai were highest in Jumeirah 1, and ranged from Dh.270,000 to Dh.500,000. However, the villas are said to be scarce in supply than the apartments.
Asteco report states that the steep increase in Dubai rents has resulted in increase in demand of residential accommodation in nearby emirates such as Fujairah, Ajman and Sharjah.
Labels: Construction Projects, Latest News, Rentals, Residential
Abu Dhabi plans expansion towards West
Monday, June 18, 2007
Abu Dhabi plans to invest Dh.305 billion in construction projects in its Western Region during the coming year.
As per reports by National Consultative Council (NCC), the projects earmarked include, new houses for UAE nationals, educational institutions, hospitals, parks, mosques, roads and market places.
The project comprises 36 bridges and interchanges on Al Ghuwaifat to Abu Dhabi highway, along the Saudi border. According to the group, such a decision was taken, as most of the areas in the western region lacks proper infrastructure.
Abu Dhabi covers 89 percent of total land mass of UAE, and the western region is a vast desert area that accounts for 83 percent of the emirate's land mass.
As per reports by National Consultative Council (NCC), the projects earmarked include, new houses for UAE nationals, educational institutions, hospitals, parks, mosques, roads and market places.
The project comprises 36 bridges and interchanges on Al Ghuwaifat to Abu Dhabi highway, along the Saudi border. According to the group, such a decision was taken, as most of the areas in the western region lacks proper infrastructure.
Abu Dhabi covers 89 percent of total land mass of UAE, and the western region is a vast desert area that accounts for 83 percent of the emirate's land mass.
Labels: Abu Dhabi, Construction Projects, New Developments
Two new hotels to be launched by Reef
Wednesday, April 25, 2007
The Dubal based investment company, Reef Real Estate, is expected to launch two new hotels this year, as part of its two mixed-used developments in Dubai. The hotels will be operated by Corp Executive Hotels.
Reef already launched a Dh.120million four-star Corp Hotel in Barsha area of Dubai with ninety rooms, which was inaugurated recently. Another Corp hotel has been recently launched at Business Bay, which is also a part of Dh.350million commercial shopping complex.
Construction of the hotels is likely to commence during October this year, and the entire Offices Tower project and Corp Executive Hotel project is expected to be completed by next August.As said by Reef Managing Director, Shaikh Ahmad Mohammad Al Nahyan, the two new hotels will be constructed at Dubai Waterfront and Jumeirah South Village.
Corp, being a joint-venture between Coral International Resorts, Hotels, Spas and Reef, will operate as alcohol-free hotels.
Reef already launched a Dh.120million four-star Corp Hotel in Barsha area of Dubai with ninety rooms, which was inaugurated recently. Another Corp hotel has been recently launched at Business Bay, which is also a part of Dh.350million commercial shopping complex.
Construction of the hotels is likely to commence during October this year, and the entire Offices Tower project and Corp Executive Hotel project is expected to be completed by next August.As said by Reef Managing Director, Shaikh Ahmad Mohammad Al Nahyan, the two new hotels will be constructed at Dubai Waterfront and Jumeirah South Village.
Corp, being a joint-venture between Coral International Resorts, Hotels, Spas and Reef, will operate as alcohol-free hotels.
Labels: Business Bay, Construction Projects, New Hotels
TAV awarded the $120m Emirates Financial Tower
Sunday, March 18, 2007
The Emirates Financial Towers awarded the construction of its tower worth $120 million at the Dubai International Financial Center (DIFC) to TAV (Tepe Akfen VIE Investment Construction and Operation).
Emirates Financial Towers are basically twin structures comprising 26 Storeys with Grade A office space, residential units and shops.
The contract follows a number of earlier agreements of Emirates Financial Towers with companies such as Al Qurg Engineering for the supervision of construction works, Projacs International for project management, MAG Robotic Systems for development of the hi-tech parking facility which is likely to have fully automated parking space, the largest ever in the world.
The Chief Executive of Emirates Financial Towers, Hani Abu Auida, has mentioned that TAV has been awarded the contract due to their high achievement records that are in consistency with the goals of Emirates Financial Towers so that it reaches the highest professional standards while also adhering to the deadlines.
TAV has won this project by competing with five other companies. Though the prominent development of TAV is the airport construction, it has several other projects in UAE, Turkey and other countries. The completed projects of TAV are worth $1 billion, while its ongoing projects are worth about $1.3 billion.
Emirates Financial Towers are basically twin structures comprising 26 Storeys with Grade A office space, residential units and shops.
The contract follows a number of earlier agreements of Emirates Financial Towers with companies such as Al Qurg Engineering for the supervision of construction works, Projacs International for project management, MAG Robotic Systems for development of the hi-tech parking facility which is likely to have fully automated parking space, the largest ever in the world.
The Chief Executive of Emirates Financial Towers, Hani Abu Auida, has mentioned that TAV has been awarded the contract due to their high achievement records that are in consistency with the goals of Emirates Financial Towers so that it reaches the highest professional standards while also adhering to the deadlines.
TAV has won this project by competing with five other companies. Though the prominent development of TAV is the airport construction, it has several other projects in UAE, Turkey and other countries. The completed projects of TAV are worth $1 billion, while its ongoing projects are worth about $1.3 billion.
Labels: Construction Projects, New Contracts
Tameer Tower contract awarded to Gensler
Friday, March 02, 2007
One of the leading real estate companies in the region, Tameer Holding, has awarded the designing contract of its major project Tameer Towers, in Shams Abu Dhabi, to Gensler.
Shams Abu Dhabi, situated in Reem Island, is one among the most wonderful real estate development projects in Abu Dhabi.
This deal is following the earlier agreement between Tameer Holding and Sorouh Real Estate for development of the Gate District and Abu Dhabi Towers at Shams Abu Dhabi. The agreement between these two firms is considered as a unique one in the Abu Dhabi property market. The total cost of the whole project is expected to touch Dh.13billion.
Gensler is the biggest and reputable architectural firm in the world. The President of Tameer Holding, Omar Ayesh, has mentioned that the vast experience of Gensler will be a major contribution to the expanding portfolio of their firm across the region.
Shams Abu Dhabi, situated in Reem Island, is one among the most wonderful real estate development projects in Abu Dhabi.
This deal is following the earlier agreement between Tameer Holding and Sorouh Real Estate for development of the Gate District and Abu Dhabi Towers at Shams Abu Dhabi. The agreement between these two firms is considered as a unique one in the Abu Dhabi property market. The total cost of the whole project is expected to touch Dh.13billion.
Gensler is the biggest and reputable architectural firm in the world. The President of Tameer Holding, Omar Ayesh, has mentioned that the vast experience of Gensler will be a major contribution to the expanding portfolio of their firm across the region.
Labels: Construction Projects, New Contracts
New Metro Construction picks up pace at Al Ghusais
Friday, February 23, 2007
The Dubai Police accommodation in Al Ghusais will soon be demolished for construction of Dubai Metro, and residents of the colony are currently vacating the premises. The colony with more than 300 villas will be demolished in March, as RTA plans to begin its construction of train depot building, with a multi-storey car park facility for about 6000 vehicles in the spot. A metro station is also planned in the premises.
The new facilities will connect Al Gusais and Jeddaf in Dubai and will mainly serve the Metro’s Green Line, which will pass through the most crowded areas in the city.
However, the residents of the colony are provided with accommodation in Dubai and Sharjah, and the new colony of about 300 villas will now be located in Muhaisanah’s adjacent to the Emirates Road.
Work on the project is likely to begin in April, and will be completed by November 2008.
Each plot will have an internal garden, a service building, three car parks and a main villa. The villas will have duplexes with five bedrooms. The service buildings will have a kitchen and majlis. Other amenities in the new neighbourhood include a mosque and twelve shops, in addition to which, RTA is taking care of water, telephone, electricity, car park, school transportation and other amenities.
The Car Park facility in Al Ghusais is likely to cater to metro passengers from Ajman and Sharjah who are provided with the option of parking their cars to continue their travel to Dubai by opting for the mass transit system. On the whole, three multi-storey car parks, with about 10,000 spaces will be built beside Dubai Metro.
The new facilities will connect Al Gusais and Jeddaf in Dubai and will mainly serve the Metro’s Green Line, which will pass through the most crowded areas in the city.
However, the residents of the colony are provided with accommodation in Dubai and Sharjah, and the new colony of about 300 villas will now be located in Muhaisanah’s adjacent to the Emirates Road.
Work on the project is likely to begin in April, and will be completed by November 2008.
Each plot will have an internal garden, a service building, three car parks and a main villa. The villas will have duplexes with five bedrooms. The service buildings will have a kitchen and majlis. Other amenities in the new neighbourhood include a mosque and twelve shops, in addition to which, RTA is taking care of water, telephone, electricity, car park, school transportation and other amenities.
The Car Park facility in Al Ghusais is likely to cater to metro passengers from Ajman and Sharjah who are provided with the option of parking their cars to continue their travel to Dubai by opting for the mass transit system. On the whole, three multi-storey car parks, with about 10,000 spaces will be built beside Dubai Metro.
Labels: Construction Projects
L&T inaugurates new concrete plant worth Dh.48 million
Saturday, January 27, 2007
The Larsen and Tourbo (L&T) company of India inaugurated a Concrete plant worth Dh.48 million with 240 cubic meters capacity per hour in Jebel Ali. This plant is said to meet the need for ready-mix concrete which has a growing demand currently in the UAE.
Currently L&T supplies and manufactures three million cubic meters of concrete every year by way of sixty factories spread throughout the country. These operations are carried out by an army of five hundred transit mixers, hundred stationary pumps, and six mobile concrete pumps with a twenty eight percent market share.
As a part of its expansion plans, L&T plans a total number of 150 plants in India towards end of 2010. The company also has expansion plans in the Middle East, and is in particular concentrating on Abu Dhabi, Ras Al Khaimah, Muscat and Sohar.
The Senior Executive Vice President and Board of Member of L&T, K.V.Rangaswami, expressed his confidence that L&T will leave a mark as a major force in this particular segment, and will expand further to other parts of the UAE and GCC by focusing on Gulf construction market in particular. He added that the company can leverage the advantages offered by L&T concrete, either by supplying it to various other contractors or for its own projects.
Currently L&T supplies and manufactures three million cubic meters of concrete every year by way of sixty factories spread throughout the country. These operations are carried out by an army of five hundred transit mixers, hundred stationary pumps, and six mobile concrete pumps with a twenty eight percent market share.
As a part of its expansion plans, L&T plans a total number of 150 plants in India towards end of 2010. The company also has expansion plans in the Middle East, and is in particular concentrating on Abu Dhabi, Ras Al Khaimah, Muscat and Sohar.
The Senior Executive Vice President and Board of Member of L&T, K.V.Rangaswami, expressed his confidence that L&T will leave a mark as a major force in this particular segment, and will expand further to other parts of the UAE and GCC by focusing on Gulf construction market in particular. He added that the company can leverage the advantages offered by L&T concrete, either by supplying it to various other contractors or for its own projects.
Labels: Construction Projects
