Labels: Apartments, Dubai Marina, Penthouse, Real Estate Projects

Dheeraj and East Coast LLC (DEC) have announced their plans to enter the booming hospitality sector of UAE though the launch of their first exclusive service apartment project, the Dh.250m Harbour Residences at Dubai Marina.

The project includes a G+19 storey apartment tower and twin two and three bedroom duplex villas. DEC has also entered into an MOU with global majors such as EMCOR Facilities Services for management of its facilities across all projects in the region, which is currently more than 6.5million square feet of development area. The MOU also stipulates that EMCOR will manage the operations, maintenance, and technical services of Harbour Residences, while also providing soft support services such as ongoing maintenance, concierge, housekeeping, laundry, grocery stocking, 24 hour call centers, security and help desk facilities.

The construction work on Harbour Residences will commence during first quarter of 2008. The hotel apartment project will include 187 rooms, a shopping arcade, restaurants and cafes.

The Managing Director of DEC, Dheeraj Wadhawan, mentioned that the this project 'Harbour Residences' will be a valuable addition to the flourishing tourism sector in Dubai, wherein the hospitality sector is currently witnessing tremendous demand for rooms to cater to the increasing tourist traffic.

The project is slated for completion by the year 2010.

Labels: Apartments, Dubai Marina

Diamond Investments has announced handing over of Marina Diamond IV, the fourth among the group of six buildings in the Dubai Marina. Diamond Investments, are a new class of property developers in Dubai, and a sister concern of Diamond Developers.

Located in the most luxurious neighbourhoods in Dubai Marina, the Marina Diamond IV comprises 200 units, which includes single and double bedroom apartments with various facilities such as the swimming pool, exclusive children's pool and fully equipped gymnasium.

The CEO of Diamond Investments, Fares Saeed, said "Quality, luxurious environment and reasonable prices have been the major factors behind the Diamond's success. We are committed to develop properties in the most innovative manner, and offer tailor-made commercial and residential space to our customers, for their luxury and comfort."

The units were designed as planned by Diamond Investment, for developing a property that is high in quality and affordable in price. Saeed revealed the company's intention to deliver Marina Diamond V and VI during later part of the year, as the demand would only increase after the handing over of the Marina Diamond IV. This brings the total residential units in Dubai to 1300.

Saeed is of the opinion that this increase would supplement the housing equation and will ultimately lead to better stability and maturity in the Dubai property market.

Diamond Investments is also offering a unique customer service program to its tenants. A committed member of the staff will accompany the buyer during the inspection phase and will address any concern that the new owner may seem to have. Also a staff member will conduct a follow-up during the inspection phase to rectify issues, if any, and will stay vigilant to the customer, once they have moved in.

Labels: Apartments, Dubai Marina, Dubai Real Estate, Residential

Emaar Properties, the Dubai-based developer, has launched Marina Plaza, the first commercial tower in the Dubai Marina master-development.

The freehold tower with twenty eight storey, forms a part of the Dubai Marina Mall Complex, and is seated on a podium of eight storey, facing the marina. The sales for office space within the tower, begins on Thursday, and the project is due for completion during 2009.

The Sales Director of Emaar, Saif Al Mansoori, said "Marina Plaza addresses the rising demand for business space in Dubai. Investors will be benefited from its ideal location within the most sought-after developments in the city."

The tower is expected to have 160 units, with six units in each floor and a complete penthouse floor.

Each floor will be wholly available for sale. The project will come up adjacent to the Dubai Marina Mall Complex.

Labels: Commercial Property, Dubai Marina, Emmar, Freehold Property, Office Space

Emaar Properties has launched the Dubai Marina Mall complex, comprising an entertainment and shopping center. The Dubai Marina Mall, situated along the waterfront, is scheduled for opening during mid-2008.

The complex covers an area of 42,000 Sq. Mts., and comprises of various retail outlets that offer a wide range of shopping options, a Cineplex, restaurants, cafes and children's entertainment area. The basement will be of two levels, in addition to a five storey parking area that has the capacity to accommodate 3000 vehicles.

The retail subsidiary of Emaar Properties, the Emaar Malls Group, is expected to lease the retail space soon. The mall focuses on a balanced entertainment and retail facility to suit the requirements of visitors and the residents of Dubai Marina.

The Chief Executive of the Emaar Malls Group, Rashid Doleh, says "Dubai Marina is one of the most fashionable lifestyle neighbourhoods in the city, and the Dubai Marina Mall will enhance the quality of living of residents by serving as a one-stop shopping and entertainment destination"

Dubai Marina Mall is expected to have a strong clientele with the 75,000 odd population of Dubai Marina, and several thousand residents residing in the waterfront neighbourhood.

Labels: Dubai Marina, Emmar, Shopping Mall

It has been said that Emaar is presenting three to four bedroom villas in a two storey for Dh.2.04 million during the phase 2 of Umm Al Quwain Marina, at the Mistral Community.

Umm Al Quwain Marina is basically a joint venture between the Governments of Emaar Middle East and Umm Al Quwain, which is likely to launch the second phase soon.

The Mistral Community consists of a spectrum of Portuguese and Spanish style villas. The sizes of three and four bedroom villas of the two storey range from 3,458 Sq. Ft to 4,311 Sq. Ft.

Ahmad Al Matroushi, Managing Director of Emaar Properties for UAE and the member of Board of Directors for Emaar Middle East, mentioned that the investor response has been encouraging and that the launching of the second phase might take place earlier than scheduled. He also mentioned that the potential investors can visit the Sales Center of Umm Al Quwain for gathering more details on the villas and to get an overview of the project. He added that the wonderful response received during the first sale of the project is a clear indication of the faith of the home-owners in the project.

Labels: Dubai Marina

Emaar Properties launched Nuran Al Majara Residences at Dubai Marina. It is a subsidiary of Emaar Hospitality Group LLC and offers fully-serviced residences.

‘Nuran’ is an Arabic name and means two lights, representing the sun and the moon.
Nuran Al Majara Residences at Dubai Marina has 90 fully-furnished residences fully serviced, ranging from studios to three-bedrooms. Its location offers convenient access to the Jebel Ali Free Zone, Dubai Internet City, Dubai Media City, Knowledge Village and Emirates Golf Club.

All residences are fully equipped with modern household conveniences and appliances. Recreational facilities include a complete range of health and fitness facilities within the premises.
"Nuran highlights a philosophy built on "Always" marked by pre-emptive, warm and sincere service, which is unceasingly attentive and yet appropriately discreet,” said Esther Wai, General Manager, Nuran Serviced Residences.

Labels: Dubai Marina, Emaar

Dheeraj East Coast (DEC), a joint venture between India’s Dheeraj Group and the East Coast Group announced the launch of 16 projects worth $1 billion (Dh3.6 billion). DEC took off with its maiden project DEC Towers which is worth Dh300 million in Emaar's Dubai Marina. It is a twin-tower with 21 and 25-storey residential area and an L-shaped retail segment on the ground floors.

The company has managed to buy plots and is developing many projects in Business Bay, Jumeirah South Village and Culture Village. In Dubai Marina alone, DEC has six plots and its investments in this community are in the range of Dh1.5 billion. The company is ready to launch a new residential project, Marina Wharf II.

In Business Bay, DEC is coming up with three commercial towers at an investment of approximately Dh800 million. The projects will include a unique corporate tower which will be developed on 650,000 square feet and will offer single unit office space as large as 3,500 square feet. The project is also proposed to have a strong retail component on the ground floors while on rooftop with a revolving restaurant.

Labels: Business Bay, Dubai Marina