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Credo announces completion of Le Solarium in Dubai Silicon Oasis

Sunday, July 13, 2008

Credo Investments FZE has announced completion of their first project in the country, the Dh.405mn Le Solarium, which is also the first commercial project to be completed and delivered at the Dubai Silicon Oasis (DSO).

The project work, which was awarded to Sun Engineering and Contracting Company (LLC) began during third quarter of 2006. The project targets key businesses in the business and economic hub, with customized IT infrastructure.

The President of Credo Investments FZE, Sajjad Rashid, said that completion of this project will enhance the credibility of the company in the eyes of customers, and help boost up the confidence that the customers have placed in Credo.

Each office rooms is innovatively and elegantly designed, incorporating all the latest amenities. The easy accessibility of Le Solarium from the Global Village and Dubai Airport, and also its proximity to Knowledge Village and Dubailand, makes Le Solarium, all the more attractive.

The commercial center, which is a G + 14 storey building, includes state-of-the-art amenities that spread across the 71,000 square feet of space. Designed by National Engineering Bureau, Le Solarium features amenities such as a business center for conferences and meetings, customized infrastructure for telecommunications, private kitchen and bathrooms in each unit, wireless connections for high-speed internet, climate and light control, excellent security system, a food court, a shopping center, a health club and swimming pool and parking amenities for more than 600 cars.

Spreading across 7million square meters of space, DSO has been designed to be the most comprehensive and integrated micro-electronics based Technology Park. The DSO attracted an investment of $1.6bn this year.

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posted by Exclusive Dubai, 7/13/2008 10:34:00 PM 1 Comments | Links to this post

Mada'in announces first commercial venture 'The Domain'

Monday, July 07, 2008

Madain - The Domain commerical building
Mada'in Properties has announced the venture of their first commercial project, 'The Domain', a 14 storey tower, at Dubai Silicon Oasis, worth Dh.400 million.

Spreading across a land area of 7.2million square meters, with a built-up area of 303,159 square feet, The Domain is an integral part of series of projects to be launched by the company during the course of the year.

The Prices of the tower begin with Dh.1650 per square foot. Conveniently located in the Dubai Silicon Oasis, The Domain is easily accessible from the Dubai International Airport, Sheikh Zayed Road, the City Center, Al Khail Road and Emirates Road.

The Domain, located within a rich corporate ambience, is best suited for multinational companies, and includes a series of impressive facilities with 647 parking spaces, state-of-the-art gymnasium, swimming pools, restaurants, retail outlets and cafes. The fifth floor of the tower will feature a garden spreading across 18,348 square feet. The offices within The Domain will be equipped with smart office software, for better convenience of its occupants.

The Chief Operating Officer of Mada'in Properties, Kieron O'Connor revealed the plans of the company to launch few more projects, with a total value of nearly Dh.3billion, in Gulf this year.

"With this architectural wonder, we offer multinational companies with an ideal platform for conducting their businesses. Just as all our other properties, The Domain, too, will include the same aesthetic elements and sophistication that Mada’in has been known for," said Abdul Aziz Al Awar, the CEO of Mada'in Properties.

The development is due for completion in 2010. Mada'in had recently announced a Dh.1.25bn development, Marina Arcade in Dubai Marina.

At present, out of about 65 projects being developed in Dubai Silicon Oasis, 40 percent are commercial.

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posted by Exclusive Dubai, 7/07/2008 08:07:00 AM 1 Comments | Links to this post

SIT Tower -new hitech commercial destination at Dubai Silicon Oasis

Thursday, June 19, 2008

SIT Tower commercial tower at Dubai Silicon Oiasis
Dubai Silicon Oasis has witnessed the launch of another commercial project, the S.I.T. Tower, which is expected to be Dubai's new hi-tech commercial destination.

According to developer of the project, Muhammad Nasir Muhammad Iqbal, the development is likely to meet considerable success due to its unique features, and the prime location.

It has been formed through strategic partnership with Sherwoods Independent Property Consultants and First Choice Real Estate, which further boosts confidence in the project, he added.

The S.I.T Tower, which was unveiled at the Westin Dubai Mina Seyahi Beach Resort and Serdaal Ballrom, features a good combination of excellent business location with world-class amenities, and attractive payment schemes that make it an attractive investment among investors.

About 25% of the tower is already complete. An escrow account has been opened, which has gained the approval of Dubai's RERA (Real Estate Regulatory Authority). Other key amenities of the tower are high-end retail shops, and complete range of restaurants and cafes.

Being located in Dubai Silicon Oasis, the tower appears to be an attractive investment option to foreign investors, as it permits 100 percent foreign ownership with zero personal and corporate taxation, and many other privileges of free-zone.

The commercial complex will take advantage of a thriving urban community, with a master-planned residential environment nearby, apart from a world-class infrastructure, and easy access to Dubai's International Airport, Jebel Ali sea port and Dubai's central business district.

The developer of the project has already made a mark through projects such as International City -Phase 3 and Al Ittihad Village and other developments in Limitless, Downtown Jebel Ali and Dubai Waterfront.

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posted by Exclusive Dubai, 6/19/2008 04:39:00 PM 0 Comments | Links to this post

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.

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posted by Exclusive Dubai, 3/19/2008 09:52:00 PM 0 Comments | Links to this post

Earth Developers launches Atrium Gold Towers in Dubai Silicon Oasis

Sunday, March 16, 2008

The Dubai-based realty developer, Earth Developers, a part of the Al Abbas Group, has announced the launch of 'Atrium Gold Towers' at Dubai Silicon Oasis.

Atrium Gold Towers are exclusive mixed-use towers comprising three unique towers of 14 storeys - the Atrium Gold Business Tower, Atrium Gold Residency Tower and the Atrium Gold Executive. The tastefully designed homes of the towers offer the most rejuvenating lifestyle in a perfect business ambience provided by its business units.

This Dubai realty project is surrounded by business and comprehensive community facilities such as playgrounds, hotels, hospitals, schools and the community center, apart from state-of-the-art health club with Jacuzzi, spa, swimming pool, parking space and 24 hour security. The development has two floors of shopping arcade that provides the best brands and food courts.

The Managing Director of Earth Developers, Hadi Ebrahim Al Abbas, during the occasion of the launch ceremony held at the Jumeirah Beach Hotel, said "The Atrium Gold Project is a new-age concept that offers all comforts needed for a futuristic lifestyle."

The launch of Atrium Gold Towers, by Earth Developers, together with Dubai Silicon Oasis, marks their second major project, the first being, 'The Lynx'.

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posted by Exclusive Dubai, 3/16/2008 12:31:00 PM 0 Comments | Links to this post

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.

La Vista Residence at Dubai Silicon Oasis
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.

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posted by Exclusive Dubai, 3/02/2008 09:30:00 AM 1 Comments | Links to this post

German Business Park at Dubai Silicon Oasis

Monday, October 08, 2007

The German Business Park FZCO has entered into a contract with Fischer Architects of Mannheim, Germany, to prepare the conceptual designs and preliminary engineering for its Dh.750million mixed-use real estate development at Dubai Silicon Oasis Head Quarters.

German business park DubaiThe German Business Park FZCO is a joint-venture between Bin Jabr Group of Abu Dhabi and Dubai Silicon Oasis Authority. The Dubai Silicon Oasis, where the project is likely to come up, is the premier integrated innovations hub in the region for high-tech industries.

The German Business Park, worth Dh.750million, covering an area of 82,000 square meters, comprises a large three-level podium, bordered by two slender towers with twelve floors each, up to a height of 60 meters.

The Park will offer German companies with a business class hotel, commercial space for sale, serviced apartments, luxury retail and restaurant area, and underground parking space for about 1700 cars.

A part of the real estate development will also house the German Center Dubai, an exclusive business environment with networks, offices and other services initially established by Landesbank Baden-Wurttemberg (LBBW). The German Center aims to provide office space and comprehensive support to medium and small-sized German companies looking to establish their operations with Dubai as the base.

The General Manager and Managing Director of the German Business Park, Dagmar Abdelatif, said "We foresee German Business Park and German Center Dubai to form an effective platform for considerable business transactions for both German companies and the companies seeking to operate in the UAE. The development will also offer a lively and attractive environment for Dubai to enjoy the German hospitality and culture all under a single roof."

Dagmar revealed that the company plans to launch the project on 8th to 10th October 2007, at Expo Real in Munich, Germany. A special venue has been allotted to interact with German companies and the team of consultants of the group, so as to incorporate any suggestions into the final design of the German Business Park, to make it truly unique.

The Park has been scheduled for completion by late 2009.

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posted by Exclusive Dubai, 10/08/2007 01:43:00 PM 0 Comments | Links to this post

Deyaar launches Dh.400m Saphire Residence

Saturday, June 23, 2007

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.

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posted by Exclusive Dubai, 6/23/2007 09:24:00 AM 0 Comments | Links to this post

Dh.400million La Vista Residence unveiled

Friday, May 25, 2007

A major real estate developer in the region, Al Manal development, launched the Dh.400million La Vista Residence at the Dubai Silicon Oasis (DSO) yesterday, offering a hundred percent finance option.

On approval, the investors will be able to make use of the financing option from the Emirates Islamic Bank and the financial branch of Mashreq Bank, Badr Al Islami, wherein hundred percent financing will be provided without any down payments and mortgage payments, once the investors move into their apartments.

La Vista comprises seven residential buildings, each comprising eight storey, and a total of 832 residential units. This includes a studio, single and double bedroom apartments, all of which is located in the prime area of DSO.

The construction will commence during September, and is expected to be complete by end of 2008. The prices of La Vista apartments ranges from Dh.530,000 for a single bedroom apartment to Dh.675,000 for a double bedroom.

The Deputy Chief Executive of DSO, Shahla Ahmad Abdul Razak said "The project falls in line with DSO's aim to provide an integrated community, where DSO is saving no effort to provide a high standard of living to people who work within the technology park. Schools, academies, universities, mosques, hospitals, shopping centres, and health and leisure facilities have been designed to be included in the city."

Based on the current market rents, an investor at La Vista Residence is expected to bring about a return of more than ten percent to the investor.

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posted by Exclusive Dubai, 5/25/2007 12:30:00 PM 0 Comments | Links to this post

Dubai Silicon Oasis launches Dh.1.55bn villa project

Thursday, May 24, 2007

Dubai Silicon Oasis (DSO) has launched a Dh.1.55billion project to build 1,042 villas. According to a statement released yesterday, the construction work has already begun at the hi-tech hub of the region, and is scheduled for completion towards early 2010.

The Dubai Silicon Oasis Authority CEO and Vice-Chairman, Dr.Mohammed Al Zarouni said "We believe that providing high-quality standards in a safe and comfortable environment is a fundamental requirement for our partners at DSO. Therefore, we made sure that projects under development assure the highest international standards in term of duality, facilities and services."

The project, located within the DSO on emirates road, will be a gated community development with shopping complex, house, play areas and swimming. The Villas will comprise of executive, luxury, twin and town sq.ft. respectively. The project will be designed in Arabic, modern and traditional.

DSO already functions as a free zone technology park for micro-electronic and other high-tech companies who are on the look out for setting up their regional headquarters in the Middle East and Africa.

Recently, the Silicon Oasis authority entered into an agreement with Avava to facilitate an IP telephony network for its new office.

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posted by Exclusive Dubai, 5/24/2007 10:23:00 AM 0 Comments | Links to this post

Dh.1billion project launched by Al Futtaim at the hi-tech hub of Dubai

Wednesday, April 25, 2007

A new development project worth Dh.1billion has been launched by Al Futtaim Real Estate, at Dubai Silicon Oasis, the integrated hub for high-tech industries.The development which is expected to cover an area of 62,820 Sq.mts., will be built in three phases. The first phase, worth Dh.200 million will be completed by mid-2008.

The project comprises residential and serviced apartment blocks, recreation blocks, car parks at the ground floor, surface car parks, external works, landscaping and other service utilities. In addition, the integrated circuit design centers, production lines and R&D facilities offer a cost-effective and quality model to the companies.

Muammar Khaled Al Khatheeri, the Director of Planning and Construction, Dubai Silicon Oasis Authority, mentioned that they are making every possible effort to maintain a high standard of living for people working at hospitals, shopping centers, academies, leisure and health facilities in Silicon Oasis. About Dh.40m has already been spent on landscape so that the quality of life in the apartments, hotels and villas are enhanced and the right environment for a luxurious lifestyle for people of Silicon Oasis could be provided.

The project will be executed by Al Futtaim Real Estate, under regular inspection of Dubai Silicon Oasis Authority. The General Manager of Al Futaim Real Estate, Nasser Mahmoud, describes Silicon Oasis, as an exciting project representing the concept of “city within a city” and provides all that is required for a life of style and comfort.

He added that, in addition to the central technology park and its business facilities, inclusion of the residential factor offered by Dubai Silicon Oasis Authority, will bring in added value to the kind of community lifestyle.

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posted by Exclusive Dubai, 4/25/2007 08:37:00 AM 0 Comments | Links to this post