Labels: Deyaar, Dubailand, DuBiotech

Labels: Deyaar

One of the region's fastest growing real estate companies, Deyaar, yesterday, unveiled Bristol Towers, a Dh.1.5bn twin tower project in Business Bay.

With the inclusion of Bristol Towers, Deyaar has about a dozen projects in Business Bay. The properties of Deyaar, are one of the most sought-after in the development.

The Chief Executive of Deyaar, Zack Shahin, said "Bristol Towers are the jewel of the collection. This project is amongst the largest and most well-designed undertakings in Business Bay with excellent facilities. The trust posed on us, by our customers has motivated us to constantly deliver our commitments of ensuring transparency, quality and timely deliveries. "

The project features a residential block (Bristol Residency) and a commercial block (Bristol Executive). Comprising 29 storeys, the towers feature a refreshingly beautiful exterior that resembles an open book. The project spreads across an area of 623,680 square feet of space, and offers ample parking space with more than 1300 parking units.

Bristol Residency comprises studio, single, double and triple bedroom apartments, with well-designed office space, along with a host of facilities, such as a podium level garden with an outdoor sitting area, state-of-the-art IT facilities and security systems.

Deyaar is a leading developer in Business Bay, with most of its projects almost sold out, which includes, Metropolis, The Citadel, 51@Business Bay, Burlington, Fairview Residency, Oxford Tower and such others. Most of the developments of the company are much in demand on the secondary market as well, drawing customers from UAE and overseas.

The Bristol Residency and Bristol Executive clients get to avail themselves of many finance schemes from leading banks such as First Gulf Bank, Tamweel, National Bank of Dubai, Dubai Islamic Bank and Abu Dhabi Commercial Bank.

Labels: Apartments, Business Bay, Business Tower, Deyaar, Real Estate Projects

The first phase of Deyaar Development, the Deyaar Park, was sold during the first day of launch, generating sales of more than Dh.1.3billion, reveal company officials.

The first phase of the Dh.3billion project includes eight towers for commercial and residential purposes, built within an area of two million square feet. The project is also the single largest mixed use development by the company till date, comprising offices, homes and retail stores.

Deyaar Park is situated in the Green Trellis District of Downtown Jebel Ali, amidst lush green landscape, urban plazas and the shaded avenues. The park offers customers a choice of single, double and triple bedroom apartments apart from state-of-the-art office spaces which range from 691 sq ft to 2356 sq.ft. The residents of the park will have access to a range of amenities including a swimming pool, a landscaped courtyard, multi-purpose hall, well-equipped spa, high-speed internet connectivity, ample parking space, and 24 hours security, among many other amenities.

Labels: Business Tower, Commercial Property, Deyaar, Jebel-Ali

Deyaar, an affiliate of Dubai Islamic Bank, has revealed that it has been working on overseas real estate projects, worth $7billion, utilizing the cash from its share sale proceeds.

Although Deyaar was able to raise most of the cash through Islamic bonds and loans, the initial financing will come from the IPO and through the sale of property off the plan, said the Deyaar CEO, Zach Shahin.

Deyaar is currently working on 100 buildings in the UAE, which worth Dh.25billion, revealed Shahin. However, following the footsteps of its rival Emaar Properties, Deyaar too, is pushing itself out of the crowded home market.

Deyaar has projects worth Dh.2billion in pipeline outside the UAE, and a Dh.6billion deal is under negotiation in Abu Dhabi. Shahin says "Although UAE will be our flagship we are bullish about the international markets."

At present, Deyaar is developing projects in Lebanon, Kazakhstan and Turkey and a $5billion township in India with Ansal Properties and Infrastructure Limited. Deyaar also hopes to develop commercial and residential projects in Saudi Arabia on a partnership basis.

Labels: Deyaar, Dubai Real Estate, International, Real Estate Company

The real estate subsidiary of Dubai Islamic Bank, Deyaar, has revealed its plans to develop Dh.2 billion residential project in the International Media Production Zones (iMPZ). This will be the largest ever development of Deyaar to date.

The project will cover a stretch of 40 plots, which were recently acquired by Deyaar in a prominent location at the iMPZ.

The Chief Executive of Deyaar, Zack Shahin, said that Deyaar has taken this initiative to widen its portfolio, particularly in the residential sector, so as to meet the increasing demand from investors and end-users. He expressed his confidence about the project at iMPZ and said that it will surely be a landmark project not only for Deyaar, but for the property landscape in the entire region.

Each phase of the development at iMPZ will be placed for sale, one after the other, during the next couple of months. The project will cover and area of 827,785 sq.ft., and a built-up area of 2.6 million square feet. Construction for the same is likely to begin this year.

The development will be located on the Emirates Road, along the edge of iMPZ, adjoining the Jumeirah Golf Estates.

Labels: Deyaar, Investment Property, New Developments, Residential

Deyaar, a Real estate firm, has announced the hand-over of its flag-ship residential project of fourty four storey in Sharjah.

Al Dana, worth Dh.260 million was designed by Horizon Consulting and was built by United Engineering Construction.

It comprises two and three bed-room apartments. The tower is well-equipped with sauna, gymnasium, steam, swimming pool, Jacuzzi, 24 hour security and spacious retail spaces. Building on the success of its projects, Deyaar is a well established real estate firm.

Labels: Deyaar, Latest News

The first phase of the Dh.400 million initiative at the Dubai Silicon Oasis, the 'Saphire Residence', was launched by Deyaar yesterday.

Saphire Residence serves the rising demand for new affordable residential offerings in Dubai. It offers ninety one, two and three bedroom apartments.

The Deyaar Chief Executive Officer, Zack Shahin said "The project will enjoy an integrated community setting in an area that is likely to experience considerable growth in the near future."

Saphire Residence, comprising eight storey, scheduled for completion in 2008, will be the first, among four other buildings, that Deyaar plans to launch in Dubai Silicon Oasis. The Oasis is a 7.2 Sq. mt., master-planned community at the Emirates Road.

The Dubai Islamic Bank will offer their finance scheme, wherein no due will be required to be paid before the end of the construction. The launch is closely followed by the sale of a number of residential and commercial projects of Deyaar at the Business Bay.

The net profit of Deyaar has risen from Dh.5m during 2003 to Dh. 73m in 2004, Dh.141m in 2005 and Dh.412m in 2006. Deyaar's recent share sale was also several times oversubscribed.

Labels: Deyaar, Dubai Silicon Oasis, New Developments, Real Estate Projects

Labels: Deyaar, Latest News

Three projects, worth Dh.760 millions has been announced by three dubai-based developers in various locations. Deyaar has announced its two residential towers at Business Bay – Mayfair Residency and Mayfair Tower, for Dh.360million.

The towers that are positioned adjoining each other overlook the lake and are separated from each other by large landscaped area. Both towers provide one and two bedroom apartments, with 213 residential units in Mayfair Residency Towers and 218 in Mayfair Tower. Each tower comprises a terrace garden, swimming pool, gymnasium, high-speed internet connection, steam rooms and maintenance and security services round the clock.

Al Tajir Real Estate has launched the Fortunato Project, worth Dh.320million at Jumeirah South Village. The Fortunato provides the convenience of living in the heart of the city, while also being secluded enough for peace and privacy. Fortunato comprises single and double bedroom apartments, penthouses, and duplex apartments, studio, town houses, loft houses and garden houses. The construction which will begin this September is expected to be complete by mid 2009. The studio apartments are priced at Dh.538,538 for a single bedroom, Dh.682,722 for double bedrooms, Dh.295,000 for studio apartment and Dh.2.2 million for four bedrooms and town houses. In addition, there are the parks, promenades, medical facilities, country club and sports areas such as cricket, tennis and football.

Memom Investments, a branch of the Memon Group of Companies, has launched the Dh.80million commercial tower, Cambridge Business Center, at Dubai Silicon Oasis (DSO). The ten storey comprises of about 108 small, medium and large offices, with facilities such as Wi-fi connectivity, mood lighting, and keyless entry.

The Memon Managing Director, Ahmed Shaikhani, while speaking during the launch, states: “Our aim is to bring total convenience to business people by providing a modern workplace where they can also fulfill their personal needs.” The tower incorporates British architecture that brings about memories of traditional excellence, coupled with architectural expertise and progressive engineering. It has been designed by Adnan Saffarini, an architect. The tower is expected to be complete by 2009.

Labels: Business Bay, Deyaar, Real Estate Projects

The fastest growing real estate company, Deyaar, has announced their decision to enter the Abu Dhabi real estate sector with the Reem Island, a residential project. They have recently acquired three prime plots on Reem island which has a widespread view of the Bay Centre Marina located on Reem island. This purchase of property from Reem Developers in the prime project NAJMAT has increased the total land bank property of Deyyar by 258million Dhirhams.

According to their executive Vice President, the company has set its sights for vast expansion plans with Abu Dhabi on top of the list and is looking for more such opportunities to improve Deyaar's presence in the United Arab Emirates.

Deyaar is hoping to commence construction before the year end and is in process of finalizing the appointment of designers and consultants for their prestigious project.

Deyaar has been recently in the forefront and has been actively finalizing projects and allianzes across the Saudi, Kazakhstan, Qatar and Indian real estate markets with focus on sustaining their growth through successful project deliveries and a deep understanding of the local markets.

Labels: Abu Dhabi, Deyaar, Residential

Deyaar has launched its new office tower, worth Dh.300 million - Fifty one @Business Bay.

Placed in a prominent location, Fifty One @Business Bay will help catch a glimpse of the lake and the island, a landscaped area, and is located at close proximity to the world’s tallest tower, Burj Dubai. With a total of twenty one storeys, Fifty one @ Business Bay comprises 164 office spaces. Beginning 8th of May, the project will be displayed for buyers and investors at Cityscape, Abu Dhabi.

Labels: Business Bay, Deyaar, Office Space