40 villas on the roof top of Mall of Arabia
Saturday, May 23, 2009
About 40 new villas are being planned on the roof top of Mall of Arabia, the centre-piece of the project, due to be the largest mall in the world, revealed senior officials at Dubailand's City.
The Executive Director at the City of Arabia, Syed Khalil, agreed that with projects such as City of Arabia, the Falcon City of Wonders, Dubai Sports City and the Universal Studios, Dubai will bounce into the next level and will do better than many other American cities in terms of tourism.
Although not much of progress is seen in Dubailand these days, the construction work at City of Arabia is making steady progress. There are about 9200 piles in the mall section of the project, making it one of the largest piling projects in Dubai, said Alex Vacha, the Deputy Director-Projects.
Spreading across 20 million square feet, with a total built-up area of 40 million square feet, the whole project will be encircled by a six-kilometre, battery-powered monorail circles, which will eventually mesh into Dubai Metro network.
The Mall of Arabia will be the largest mall in the world in terms of saleable area, with the first phase alone being 30 to 40 percent larger than Dubai Mall. The Mall of Arabia will include about 1400 retail outlets, spread across 10 million square feet of Gross Leasable Area (GLA). The mall will be home to several big anchor stores, and is due to be ready towards first quarter of 2011.
A residential and leisure venue, Wadi Walk, which includes restaurants, cafes and a six-kilometer stretch of water-way can carry people into mall on boats.
Attached to the Mall of Arabia is Restless Planet, housing 107 animatronic dinosaurs, designed by Steven Spielberg himself, who was also the man behind the movie Jurassic Park. Few of the dinosaurs are ready in Japan and are awaiting their flight to Dubai. One of the dinosaurs is about 16metres high.
Other features included in the theme park are the world-renowned Natural History Museum in London.
The development also includes about 8500 apartments, 34 towers for mixed-use purposes and seven to eight hotels.
The Executive Director at the City of Arabia, Syed Khalil, agreed that with projects such as City of Arabia, the Falcon City of Wonders, Dubai Sports City and the Universal Studios, Dubai will bounce into the next level and will do better than many other American cities in terms of tourism.
Although not much of progress is seen in Dubailand these days, the construction work at City of Arabia is making steady progress. There are about 9200 piles in the mall section of the project, making it one of the largest piling projects in Dubai, said Alex Vacha, the Deputy Director-Projects.
Spreading across 20 million square feet, with a total built-up area of 40 million square feet, the whole project will be encircled by a six-kilometre, battery-powered monorail circles, which will eventually mesh into Dubai Metro network.
The Mall of Arabia will be the largest mall in the world in terms of saleable area, with the first phase alone being 30 to 40 percent larger than Dubai Mall. The Mall of Arabia will include about 1400 retail outlets, spread across 10 million square feet of Gross Leasable Area (GLA). The mall will be home to several big anchor stores, and is due to be ready towards first quarter of 2011.
A residential and leisure venue, Wadi Walk, which includes restaurants, cafes and a six-kilometer stretch of water-way can carry people into mall on boats.
Attached to the Mall of Arabia is Restless Planet, housing 107 animatronic dinosaurs, designed by Steven Spielberg himself, who was also the man behind the movie Jurassic Park. Few of the dinosaurs are ready in Japan and are awaiting their flight to Dubai. One of the dinosaurs is about 16metres high.
Other features included in the theme park are the world-renowned Natural History Museum in London.
The development also includes about 8500 apartments, 34 towers for mixed-use purposes and seven to eight hotels.
Labels: City-of-Arabia, Dubailand, Mall-of-Arabia
Dubailand breaks ground for the region's first spa lifestyle community 'Palmarosa'
Wednesday, October 22, 2008
Dubailand, the tourism destination and member of Tatweer, announced that it has broken ground for the first spa lifestyle community in the Middle East, the Dh.1.5bn 'Palmarosa Project.'
The Senior Vice-President of Dubailand, Mohammed Al Habbai, and Chief Executive Officer of Palmarosa, Gaurav Goel, together held the groundbreaking for the 2.5mn square feet project.
The project would include 217 villas and townhouses, club houses, offices, serviced apartments, five-star hotel and a spa mall. The well-designed villas and townhouses at Palmarosa inspire a feeling of tranquility, security and contentment. The residents at Palmarosa will get to enjoy the legendary hospitality at one of the most idealistic five-star retreats in the world, the 'Palmarosa Luxury Hotel'.
The development also features one of the largest spa treatment amenities in the region, along with a blend of traditional and advanced therapy treatments.
Located off Emirates Road, behind the Arabian Ranches, featuring the majestic palms, bubbling fountains and unique variety of plants and flowers, the Palmarosa will be the primary botanical wonder of Dubai, the company revealed.
"The groundbreaking for Palmarosa project indicates our commitment towards delivering projects on schedule, and our keenness in offering integrated complementary services that cater to the entire family," said Al Habbai.
"At Dubailand, we aim to offer a range of diverse offerings from leisure and entertainment to arts, sports and culture, complemented by a luxurious lifestyle. We are confident that Palmarosa will contribute considerably to the well-being of residents and seek holistic retreat, even when remaining in contact with the vibrancy of city life," he said.
The Senior Vice-President of Dubailand, Mohammed Al Habbai, and Chief Executive Officer of Palmarosa, Gaurav Goel, together held the groundbreaking for the 2.5mn square feet project.
The project would include 217 villas and townhouses, club houses, offices, serviced apartments, five-star hotel and a spa mall. The well-designed villas and townhouses at Palmarosa inspire a feeling of tranquility, security and contentment. The residents at Palmarosa will get to enjoy the legendary hospitality at one of the most idealistic five-star retreats in the world, the 'Palmarosa Luxury Hotel'.
The development also features one of the largest spa treatment amenities in the region, along with a blend of traditional and advanced therapy treatments.
Located off Emirates Road, behind the Arabian Ranches, featuring the majestic palms, bubbling fountains and unique variety of plants and flowers, the Palmarosa will be the primary botanical wonder of Dubai, the company revealed.
"The groundbreaking for Palmarosa project indicates our commitment towards delivering projects on schedule, and our keenness in offering integrated complementary services that cater to the entire family," said Al Habbai.
"At Dubailand, we aim to offer a range of diverse offerings from leisure and entertainment to arts, sports and culture, complemented by a luxurious lifestyle. We are confident that Palmarosa will contribute considerably to the well-being of residents and seek holistic retreat, even when remaining in contact with the vibrancy of city life," he said.
Labels: Dubailand, Luxury Homes, Villa Projects
Al Barari properties earn good demand from world's super-rich
Saturday, October 18, 2008
According to a property developer in Dubai, its new $6.4bn luxury residential development has drawn more billionaires than in any other part of the world.
Located off the Emirates Road in Dubailand, the villas and apartments of the Al Barari mixed-use development, in the Nad Al Sheba area, are being snapped up by the super-rich.
The Chairman of Al Barari, Zaal Mohammad Zaal, agreed that Al Barari has more billionaires per square meter, than anywhere else.
"Most of our buyers are what you call 'old money'. They are the end-users and we hardly have speculators," he said.
Mohammad Zaal refused to give details, but said that the people here love their privacy. About 300 secluded villas, amidst lakes and trees, are spread across 14.2million square feet of space. Al Barari is one of the lowest density developments in the region, and more than 80 percent of it is in the un-built area.
The villas have a starting price of $10.3mn, and the apartment prices range from $1.4mn to $4mn. Phase one of the project, which includes 300 villas, is about 75 percent complete. The earthworks and infrastructure will begin towards the end of the year during phase two, which includes 32 villas, a six-star boutique hotel, apartments, spa and resort, gardens, shopping areas, apartments, culture village and a grand mosque.
About 200 villas of phase have already been sold, and a huge demand is being witnessed for phase two of the project. The entire scheme would be complete towards end of 2011.
Located off the Emirates Road in Dubailand, the villas and apartments of the Al Barari mixed-use development, in the Nad Al Sheba area, are being snapped up by the super-rich.
The Chairman of Al Barari, Zaal Mohammad Zaal, agreed that Al Barari has more billionaires per square meter, than anywhere else.
"Most of our buyers are what you call 'old money'. They are the end-users and we hardly have speculators," he said.
Mohammad Zaal refused to give details, but said that the people here love their privacy. About 300 secluded villas, amidst lakes and trees, are spread across 14.2million square feet of space. Al Barari is one of the lowest density developments in the region, and more than 80 percent of it is in the un-built area.
The villas have a starting price of $10.3mn, and the apartment prices range from $1.4mn to $4mn. Phase one of the project, which includes 300 villas, is about 75 percent complete. The earthworks and infrastructure will begin towards the end of the year during phase two, which includes 32 villas, a six-star boutique hotel, apartments, spa and resort, gardens, shopping areas, apartments, culture village and a grand mosque.
About 200 villas of phase have already been sold, and a huge demand is being witnessed for phase two of the project. The entire scheme would be complete towards end of 2011.
Labels: Al-Barari, Dubailand, Luxury Homes
Mizin unveils new boutique villa community at Dubailand
Thursday, October 16, 2008
The real estate subsidiary of Tatweer, Mizin, has unveiled a contemporary boutique villa community in Dubailand. The launch was carried out during the recently held Cityscape Dubai 2008.
The boutique villa community offers a 'limited edition' signature lifestyle, and is located adjacent to elite neighbourhoods such as the Bawadi Boulevard, Tiger Woods Dubai and the Ghaya community, featuring spacious villas, designed with minimalist, modern-style positioned on ample sized plots, conferring privacy and luxury.
With the inclusion of this community, Mizin's unique developments would span over 82million square feet, said Ahmad Sharaf, CEO, Tatweer Investments. Few other developments of Mizin include Liwan, Remraam, Arjan and Majan.
Although the UAE property sector is facing a general shortage of luxury villas, Mizin plans to offer customer-centric approach, by actively responding to specific lifestyle requirements of the luxury market, Sharaf said.
The Ghaya villas are designed by a team of internationally-renowned architects, permitting maximum flow of light, ample space, and greater privacy, which are a must among luxury buyers.
Displaying subtle Arabic undertones, the Gaya architecture will be unique from the existing developments in the market. The villas offer ample amenities for recreation, including exclusive community centers, community pools, health care centers, mosques, club houses, schools and nurseries, apart from boardwalks, tree-lined pathways, and lush landscaping.
The launch of this new development follows successful launch of Mizin's Remraam community, which targets the need for affordable, up-scale housing. The Remraam community still continues to be one of the best selling developments in UAE, with more than 8000 units sold within seven months.
Labels: Dubailand, Villa Projects
Luxury project Le Stelle in Dubailand by Al Barakah Group
Tuesday, September 16, 2008
A member of The Al Barakah Group of Companies, EGSI Group, has unveiled a new Dh.4.5billion worth ultra luxury project Le Stelle in Dubailand.
The Iconic Five Towers, located in Majan-Mizin, Dubailand, spread across 2.2million square feet, overlook the prestigious Al Barari development. Designed by Heerim, the renowned international firm of Architects and Planners from South Korea, all apartments are equipped with state-of-the-art Smart Home Technologies.
The project marks the entry by EGSI Group into the high-end luxury segment and targets the connoisseurs of fine living.
Resting on a distinct and stylish boat-shaped podium, the towers - Orione, Sirio, Vega, Fenice and Electra, exhibit Italian glamour, with innovative architecture, stylish interiors, exquisitely designed.
The G+30 development with full glass exterior, has a four-tier podium which has about 180,000 square feet of space earmarked for recreational amenities, swimming pools and relaxing lounges. The podium surface includes walkways, landscaped gardens, and water features.
The 'Smart Home' technologies equipped apartments offer spacious studios, single bedroom, double bedroom, triple bedrooms, and luxurious penthouses, with huge sky gardens and infinity swimming pools, set amidst lush green surroundings of Majan.
Speaking during the launch of Le Stelle, Imran Khan, CEO of EGSI and Al Barakah, said "Le Stelle is another great project from Al Barakah. The unique location in the heart of Downtown Dubailand, which overlooks Al Barari, adds immense value to the project that is likely to stand out for its modern design, stylish interiors and architecture. This being our maiden project with EGSI brand, we envision the five towers to radiate the brilliance of The Stars that they are named after".
The sale and marketing of 'Sirio' and 'Orione' towers will be handled by 'Let's Talk Real Estate'.
Le Stelle, is sure to prove to be a landmark development in Dubailand.
Le Stelle, is sure to prove to be a landmark development in Dubailand.
Al Barakah is a leading Dubai-based real estate group, which has marked its strong presence in all sectors of real estate value-chain and project portfolio of more than Dh.12bn.
Labels: Dubailand, Luxury Homes, New Developments
Work commences on Universal Studios Dubailand
Tuesday, July 29, 2008
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
ACW unveils Platinum Two -freehold residential project at Dubailand
Friday, July 25, 2008
ACW Holdings, the leading developer, yesterday launched their latest development worth Dh.200mn at Dubailand, promising to offer investors with annual returns of 45 percent.
The freehold residential and serviced apartments project, 'Platinum Two', located in Arjan in Dubailand, spreads across a built-up area of 164,598 square feet of landspace. It comprises a total of 254 apartments, 220 studios, and 34 single bedroom apartments and 19 retail shops.
About 45 percent of these are investment based on tourist arrivals, which is anticipated to be 15mn annually by 2010. Reports state that growth of tourism in the Middle East is likely to grow on an average of 7.1 percent until 2020, with the rest of the world lagging behind on an average of 4.1 percent annually. Tourism accounts for 18 percent of direct GDP in Dubai, out of the Dh.198bn growth in 2007.
The Platinum Two development, although a purely freehold project, the units are rented on daily, weekly and monthly basis, and the income is collected. After removal of the costs, investors can get back 60 percent of the net income.
According to Ian Pask, the General Manager, ACW Holdings, the development is definitely not a timeshare. The apartments are never let out, while investors receive and income. The company has sold about 1000 units of this kind already, in other developments of the company, and only six of these have been returned.
ACW Holdings owns a portfolio worth Dh.5bn in the UAE, including the Knightsbridge Court and Kensington Manor residential apartments and Hanover Square serviced apartments. This is further likely to expand to Dh.20bn within three years.
ACW Holdings has also launched Dh.1.3bn project on Marjan Island in Ras Al Khaimah and two other projects in Ajman. The Company also plans to launch 1400-unit hotel resort development in Ajman during October.
The freehold residential and serviced apartments project, 'Platinum Two', located in Arjan in Dubailand, spreads across a built-up area of 164,598 square feet of landspace. It comprises a total of 254 apartments, 220 studios, and 34 single bedroom apartments and 19 retail shops.
About 45 percent of these are investment based on tourist arrivals, which is anticipated to be 15mn annually by 2010. Reports state that growth of tourism in the Middle East is likely to grow on an average of 7.1 percent until 2020, with the rest of the world lagging behind on an average of 4.1 percent annually. Tourism accounts for 18 percent of direct GDP in Dubai, out of the Dh.198bn growth in 2007.
The Platinum Two development, although a purely freehold project, the units are rented on daily, weekly and monthly basis, and the income is collected. After removal of the costs, investors can get back 60 percent of the net income.
According to Ian Pask, the General Manager, ACW Holdings, the development is definitely not a timeshare. The apartments are never let out, while investors receive and income. The company has sold about 1000 units of this kind already, in other developments of the company, and only six of these have been returned.
ACW Holdings owns a portfolio worth Dh.5bn in the UAE, including the Knightsbridge Court and Kensington Manor residential apartments and Hanover Square serviced apartments. This is further likely to expand to Dh.20bn within three years.
ACW Holdings has also launched Dh.1.3bn project on Marjan Island in Ras Al Khaimah and two other projects in Ajman. The Company also plans to launch 1400-unit hotel resort development in Ajman during October.
Labels: Apartments, Dubailand, Freehold Property
Durar 1 residential twin tower unveiled in Dubailand
Monday, July 07, 2008
Durar Properties, a UAE-based developer, together with Abu Dhabi-based 'Ali and Sons' and other Saudi groups, has launched its first joint venture residential project, Durar 1 twin tower, worth Dh.250mn in Dubailand.
Spreading across 63,000 Square Feet, Durar 1 is a 19-storey twin tower development at Residence Complex in Dubailand. Comprising 236 units of single, double and triple bedroom apartments, the prices begin from Dh.1050 per Square Foot to Dh.1175 per Square foot on the 19th floor.
Ideally located at the region's largest tourism, leisure, entertainment and lifestyle destination, Dubailand, Durar 1 promises the ultimate in contemporary living.
The tower has been designed as a family-friendly development, which is evident when one glances at the positioning of its facilities and the comfort and security that it offers to the homeowners. Several financing options too are on the offer to ensure total satisfaction and reassurance to customers, said Miqdadi, the General Manager, Durar Properties.
Durar 1 is a freehold real estate project in Dubai, and includes sky gardens, temperature-controlled roof-top pools, high-speed elevators, reception lobby, sauna and steam rooms, gymnasium rooms, round-the-clock concierge facilities, children play area and nursery, excellent communication amenities and ample parking space.
The General Manager of Durar Properties, Mohammad Miqdadi, said the company is planning for Durar 2 and Durar 3.
Durar 2 will be a commercial building in Jumeirah Village, and will be launched during the next three months. Durar 2 is worth around Dh.190mn to Dh.200mn. The construction of Durar 3 will commence in the next two to three months time and will take 22 months for completion.
Construction of Durar 1 commenced in May 2008 and is due to be completed in December 2009.
To further enhance its portfolio, Durar Properties has entered into a partnership with Ali and Sons, and Durar 1 is the result of this collaboration. Durar Al Emarat Properties will operate and manage properties, apart from purchase and sale of land, property maintenance, property leasing, carrying on feasibility study as and when required.
Construction of Durar 1 commenced in May 2008 and is due to be completed in December 2009.
To further enhance its portfolio, Durar Properties has entered into a partnership with Ali and Sons, and Durar 1 is the result of this collaboration. Durar Al Emarat Properties will operate and manage properties, apart from purchase and sale of land, property maintenance, property leasing, carrying on feasibility study as and when required.
Labels: Apartments, Dubailand, Freehold Property, Residential
Deyaar launches Mirar Residences in DuBiotech
Thursday, May 29, 2008
The fastest growing real estate company in the region, Deyaar, has launched the 'Mirar Residences', a three tower residential project at the the Dubai Biotechnology and Research Park (DuBiotech).
Being ideally located minutes away from the Sheiikh Zayed Road, the Jebel Ali Airport, Dubai Internet City, Dubai Media City, and Dubailand, Emirates Road and Al Khail Road, the residential project offers 414 single, double and triple bedroom apartments, comprising a range of luxurious recreational amenities such as the rooftop swimming pools, ample parking space, mordern gymnasiums and high-speed internet connectivity.
The project will be situated amidst five-star restaurants, shopping malls, and major business hubs such as Dubai Media City, Dubai Internet City and Dubai Metro.
The Managing Director of Deyaar, Saeed Al Qatami, said "Mirar Residences is one of the first residential offerings in the centrally located DuBiotech Park. Deyaar is well-known for its commitment towards high customer service and product excellence, which proves attractive to both end-users and investors."
The project is already well under construction, and is due for delivery by end of 2010.
The buyers of Mirar Residences can avail financing from a series of home finance providers such as Amlak Finance, Abu Dhabi Commercial Bank, Dubai Islamic Bank, RAK Bank and Tamweel.
DuBiotech is a master development aimed toward creating an advanced technical and community infrastructure to accelerate the growth of life science industry within the region.
The buyers of Mirar Residences can avail financing from a series of home finance providers such as Amlak Finance, Abu Dhabi Commercial Bank, Dubai Islamic Bank, RAK Bank and Tamweel.
DuBiotech is a master development aimed toward creating an advanced technical and community infrastructure to accelerate the growth of life science industry within the region.
Situated in proximity to Dubailand, DuBiotech houses state-of-the-art laboratories, manufacturing units, core research amenities and prime residential and commercial space.
Emaar Bawadi unveils key components of first mixed-use project Asmaran
Saturday, May 17, 2008
Emaar Bawadi, the Emaar Properties and Bawadi (a member of Tatweer Group) joint-venture, has announced the key components of its first mixed-use project, Asmaran.
The project, which spans over 70 million square feet, will be a part of Bawadi, and will be located within Dubailand, adjacent to best landmarks in Dubai, and will be easily accessible to the Dubai Byepass and Emirates Road. Asmaran is also ideally located adjacent to the largest hotel in the world with 6500 rooms, apart from the largest convention center in the world, which is also located within Bawadi. The residents can also enjoy the easy access of airports and the highway.
This unique location of Asmaran is likely to make it a spectacular mixed-use destination, and the close proximity of Asmaran to Emaar's signature project, Arabian Ranches, makes it a major attraction for potential customers seeking homes or business investments.
The project will be completed in phases, and on completion, Asmaran is likely to house more than 55,000 people, apart from setting aside 4 million Sq. Ft. of commercial space, 3.2 million Sq. Ft of retailing space, and a family-based theme park with vast array of attractions, all integrated within a lush green landscape.
As for the hospitality aspect, Asmaran comprises more than 5300 serviced apartments, nine world class hotels with more than 5150 rooms.
The residential community will cover 19000 residences, mainly comprising villas and townhouses amidst gardens.
Al facilities within the project will be linked by internal roads and walkways that lead to central community center. The project will also have ample parking facilities that enhance the convenience of visitors and residents.
Asmaran will, no-doubt, benefit from the vast experience of both Emaar and Tatweer, both being, the leading developers of world-class projects in Dubai, said Issam Galadari, the Managing Director of Emaar Bawadi.
"Asmaran emphasizes Emaar Bawadi's commitment to develop world-class projects, which is the main objective of the company. Work is underway on the masterplan, while other details of the project too, are being considered on a fast track basis to deliver our promises," he added.
The CEO of Bawadi, Arif Mubarak, says "Bawadi is considered to be the longest hospitality, shopping and entertainment boulevard in the world. Now, Asmaran will add to the vast range of mixed-use offerings, focusing on integrating leisure, residences, hospitality and commercial space. It is likely to further boost the tourism and property sectors in Dubai."
Labels: Asmaran, Bawadi, Dubailand, Real Estate Projects
$300mn G Tower project launched in Dubailand
Saturday, April 19, 2008
A $300million G-Tower project has been launched in Dubailand by Galadari Investment Office (GIO) together with YOO (a Phillipe Starck and John Hitchcox-owned design company).
Located in the City of Arabia in Dubailand, the G-Tower project includes a residential G Tower and a commercial G Tower. This project in Dubai by YOO is also their first project tin the Middle East.
The G-Tower is a 45-storey tower, 280 meters in height, comprising 240 apartments spread across a gross floor area of 640,698.51 square feet.
Construction for the project has already begun, and will be complete towards 2010.
The Chairman of GIO, Rashid A.W. Galadari said "We have focused on transforming ideas of art and culture into a physical structure adding a new dimension to Middle East property development."
YOO has 45 developments that are underway in 22 countries. With a portfolio of more than $40billion, and a total built-up area of about 40 million square feet, the company is now looking for expansion into the Far East.
Located in the City of Arabia in Dubailand, the G-Tower project includes a residential G Tower and a commercial G Tower. This project in Dubai by YOO is also their first project tin the Middle East.
The G-Tower is a 45-storey tower, 280 meters in height, comprising 240 apartments spread across a gross floor area of 640,698.51 square feet.
Construction for the project has already begun, and will be complete towards 2010.
The Chairman of GIO, Rashid A.W. Galadari said "We have focused on transforming ideas of art and culture into a physical structure adding a new dimension to Middle East property development."
YOO has 45 developments that are underway in 22 countries. With a portfolio of more than $40billion, and a total built-up area of about 40 million square feet, the company is now looking for expansion into the Far East.
Labels: City-of-Arabia, Dubailand
ACI-GIO team to strengthen world-class realty solutions for G Office
Monday, April 14, 2008
An affiliate of Alternative Capital Invest GMBH of Germany, ACI Real Estate, together with Galadari Investment Office (GIO), the luxury holding division of GALVEST, has entered into partnership to offer world-class real estate solutions for signature commercial property 'G Office' at Dubailand.
Spreading across 20mn Sq. Ft. of Arabia district, the project is positioned along the main gateway of the residential and retail center at the heart of Dubailand. The vast urban development will offer open-air leisure and entertainment facilities, including the Mall of Arabia – world's biggest mall, and the Dinosaur theme park Restless Plant.
The 45 storey tower, designed by an internationally renowned architect, Alex Vacha, is 280 meters in height, with 24-hour concierge and valet services, and car parking spaces. The building is a perfect fit for office goers as it offers the opportunity to explore the advanced building management system and two spacious communal sky decks, above the podium.
"G Office represents a new move in terms of design, thereby rendering a new dimension to the growing commercial property market. Our alliance with ACI real estate, the creators of Sports Triology Towers, will bring both companies into the forefront of realty sector. The GIO's vision of raising bar of design-culture with our projects and ACI's commitment to excellence will provide the region with the best property solutions available," says Rashid AW Galadhari, Chairman, GIO.
The project is expected to be complete by 2010, which will be another landmark development to ACI's project portfolio, which is at the moment, staggering at Dh.10bn scheduled for Abu Dhabi and Dubai.
Spreading across 20mn Sq. Ft. of Arabia district, the project is positioned along the main gateway of the residential and retail center at the heart of Dubailand. The vast urban development will offer open-air leisure and entertainment facilities, including the Mall of Arabia – world's biggest mall, and the Dinosaur theme park Restless Plant.
The 45 storey tower, designed by an internationally renowned architect, Alex Vacha, is 280 meters in height, with 24-hour concierge and valet services, and car parking spaces. The building is a perfect fit for office goers as it offers the opportunity to explore the advanced building management system and two spacious communal sky decks, above the podium.
"G Office represents a new move in terms of design, thereby rendering a new dimension to the growing commercial property market. Our alliance with ACI real estate, the creators of Sports Triology Towers, will bring both companies into the forefront of realty sector. The GIO's vision of raising bar of design-culture with our projects and ACI's commitment to excellence will provide the region with the best property solutions available," says Rashid AW Galadhari, Chairman, GIO.
The project is expected to be complete by 2010, which will be another landmark development to ACI's project portfolio, which is at the moment, staggering at Dh.10bn scheduled for Abu Dhabi and Dubai.
Labels: Dubailand, Office Space
Dubai's Falcon City on its way to create records
Thursday, February 21, 2008
Dubai's Falconcity is on its way to create records, as few of its attractions are bound to be bigger than the original landmarks.
With the total project value worth Dh.7.5million and being shaped like a Falcon, the project incorporates not only residential units, hotels and theme park, but also imitation of world-famous landmarks, which include Pyramids of Giza, Eiffel Tower, Venice, Hanging Gardens of Babylong, Taj Mahal, and leaning Tower of Pisa.
The Eiffel Tower will be 20 meters taller than that of original in Paris. The largest pyramid will be 40 storeys and 150 meters in height, which is slightly taller than Khufu, the largest of three pyramids in Egypt.
The Chairman of Falconcity, Salem Al Moosa, said "The Great Wall of China will stretch 1.7kms approximately, but, this figure could change based on developments within the theme park. The wall will be higher than a three-storey building, but, on completion, it will be more than quadruple the length of an Olympic running track. The theme park will stretch over an area of 4 million square feet."
Al Moosa says that there will be two museums within the smallest pyramid, which "honour the great civilizations of the world. The Theme park will be one of its kind, and with our own movies and characters, we too can have a great civilization. In March, something, further big could be expected."
Labels: Dubailand, Falcon-city, Theme-Parks
Al Barakah announces aggressive expansion plans
Saturday, February 16, 2008
Al Barakah, the latest real estate developer to enter Dubai property market, with a portfolio of Dh.3bn to Dh.5 bn, is on an aggressive expansion plan, aiming to be one of the top ten developers in the region, within the next couple of years.
According to Imran Khan, the Chief Executive of the company, the company has established new values to the property industry. Now, with the new RERA regulations in place, it has been developed into a level playing field, wherein all developers require being transparent and accountable.
The first acquisition of Al Barakah was the Sanali business tower in Dubailand, worth Dh.1.3bn, covering a floor space of one million square feet and a retail space of 100,000.
According to Khan, 80 percent of the office space, was sold in a three-day period in January, with an average price of Dh.1,150 to Dh.1,200 per square foot. Dubai, being the cheapest place in the world, will have to buy real estate per square foot. With more investors coming in, particularly from the Europe and US, at present, Al Barakah has more confidence in the market.
Groundbreaking for their first residential development, Crimson Court, at the Emirates City in Ajman, will begin in April, and is due to be complete by mid-2010. The project value is Dh.150 million, and covers 381,000 square feet of residential space.
The first series of project will begin in the next three to six months, with a total amount of Dh.3bn to Dh.5bn.
Khan mentioned that with Ajman, catching up at a rapid pace with Dubai, at half the price, Al Barakah can offer affordable high-quality housing for the low income group, with easy access to Dubai.
According to Imran Khan, the Chief Executive of the company, the company has established new values to the property industry. Now, with the new RERA regulations in place, it has been developed into a level playing field, wherein all developers require being transparent and accountable.
The first acquisition of Al Barakah was the Sanali business tower in Dubailand, worth Dh.1.3bn, covering a floor space of one million square feet and a retail space of 100,000.
According to Khan, 80 percent of the office space, was sold in a three-day period in January, with an average price of Dh.1,150 to Dh.1,200 per square foot. Dubai, being the cheapest place in the world, will have to buy real estate per square foot. With more investors coming in, particularly from the Europe and US, at present, Al Barakah has more confidence in the market.
Groundbreaking for their first residential development, Crimson Court, at the Emirates City in Ajman, will begin in April, and is due to be complete by mid-2010. The project value is Dh.150 million, and covers 381,000 square feet of residential space.
The first series of project will begin in the next three to six months, with a total amount of Dh.3bn to Dh.5bn.
Khan mentioned that with Ajman, catching up at a rapid pace with Dubai, at half the price, Al Barakah can offer affordable high-quality housing for the low income group, with easy access to Dubai.
Labels: Dubailand, Latest News
Al Mazaya reveals plans to launch 600 villas in Dubailand
Thursday, January 31, 2008
Al Mazaya Holding has announced its plans to develop 600 villas worth Dh.1bn, in Dubailand.
The developer, last week, displayed the model picture of the villas to the investors. Dubai Properties are the master-planners of The Villa. The project, which was handed over to Al Mazaya after completion of infrastructure works by the main developer, was awaiting bid from contractors for constructional works. Now the contracts have already been awarded, and the work has commenced.
Al Mazaya plans to complete The Villa within 18 months, while providing a marketing tool for the project owners. Three models have been designed by the company, specifying the finishing and furniture. These models can be utilized by owners to facilitate their choice of specifications, after looking at available options.
The interiors and layout work has been awarded to Spanish Interior Designer, Perla Lichi, to build luxurious home interiors and layout for necessary specifications of the project.
The developer, last week, displayed the model picture of the villas to the investors. Dubai Properties are the master-planners of The Villa. The project, which was handed over to Al Mazaya after completion of infrastructure works by the main developer, was awaiting bid from contractors for constructional works. Now the contracts have already been awarded, and the work has commenced.Al Mazaya plans to complete The Villa within 18 months, while providing a marketing tool for the project owners. Three models have been designed by the company, specifying the finishing and furniture. These models can be utilized by owners to facilitate their choice of specifications, after looking at available options.
The interiors and layout work has been awarded to Spanish Interior Designer, Perla Lichi, to build luxurious home interiors and layout for necessary specifications of the project.
Labels: Dubailand, Investment Property, Luxury Homes, Villa Projects
Al Barakah forays into UAE realty sector through launch of Sanali Towers
Wednesday, January 23, 2008
Al Barakah, the real estate group, has forayed into the UAE realty sector, announcing plans to develop Dh.3bn worth commercial and residential projects in a span of three years.
First of such an initiative will be to develop Sanali Towers, the Dh.1.3bn development in Downtown Dubailand, which will be followed by a series of developments. The Sanali Towers will be a 30-storey development, with one million square feet of commercial and retail space, facing the prestigious developments of Living Legends and Al Barari. Developed by Sanali Holdings, the project has been purchased by Al Barakah Investments, and will be marketed by Inside Track Real Estate Brokers LLC.
Each of the towers will comprise retail spaces on the ground, apart from office space and health club facilities. The offices will have spacious underground car parking. Al Barakah is offering buyers of Sanali Towers, interest-free payment in a span of ten years, for the first time ever in Dubai.
After having recently announced the development of a 30 storey tower in Ajman, the group will announce its first project in Dubai in February. Al Barakah plans to focus on establishing long-term associations with property investors and buyers, through transparent dealings, so as to make them fully aware of the various aspects of property ownership. The company has already acquired several plots in Dubailand, Downtown Jebel Ali, and Ajman with a built-up area in excess of three million square feet.
First of such an initiative will be to develop Sanali Towers, the Dh.1.3bn development in Downtown Dubailand, which will be followed by a series of developments. The Sanali Towers will be a 30-storey development, with one million square feet of commercial and retail space, facing the prestigious developments of Living Legends and Al Barari. Developed by Sanali Holdings, the project has been purchased by Al Barakah Investments, and will be marketed by Inside Track Real Estate Brokers LLC.Each of the towers will comprise retail spaces on the ground, apart from office space and health club facilities. The offices will have spacious underground car parking. Al Barakah is offering buyers of Sanali Towers, interest-free payment in a span of ten years, for the first time ever in Dubai.
After having recently announced the development of a 30 storey tower in Ajman, the group will announce its first project in Dubai in February. Al Barakah plans to focus on establishing long-term associations with property investors and buyers, through transparent dealings, so as to make them fully aware of the various aspects of property ownership. The company has already acquired several plots in Dubailand, Downtown Jebel Ali, and Ajman with a built-up area in excess of three million square feet.
Labels: Dubailand, Real Estate Company, Real Estate Projects, UAE
Al Madar launches Dh300m Siraj Tower
Monday, November 19, 2007
A leading GCC property developer, Al Madar Property Investments, which is also a part of the Al Madar Group, has announced the launch of its Siraj Tower, worth Dh.300m, located at Arjan, Dubailand.
The thirty storey residential tower comprises a studio, single, double and triple bedroom apartments, and houses world-class amenities, presenting an ultra-luxurious residential offering to its investors.
The design of Siraj Tower draws inspiration from Roman and Spanish architecture. According to the Managing Director of Al Madar Group, Haider Abdula Reda Mashhadi, the Siraj Tower, with its attractive design, interiors and amenities, is the most sought-after residential projects in Dubailand.
The tower has a Homenet system that offers additional lifestyle and security facilities for easy living and better access and control.
The construction of the tower will begin during May 2008 and will be complete by mid-2010.
Al Madar, since its launch in Qatar during 1992, has grown to be a premier business house in Gulf, and has established its presence in various sectors including, engineering, real estate, contracting, trading and manufacturing.
The thirty storey residential tower comprises a studio, single, double and triple bedroom apartments, and houses world-class amenities, presenting an ultra-luxurious residential offering to its investors.The design of Siraj Tower draws inspiration from Roman and Spanish architecture. According to the Managing Director of Al Madar Group, Haider Abdula Reda Mashhadi, the Siraj Tower, with its attractive design, interiors and amenities, is the most sought-after residential projects in Dubailand.
The tower has a Homenet system that offers additional lifestyle and security facilities for easy living and better access and control.
The construction of the tower will begin during May 2008 and will be complete by mid-2010.
Al Madar, since its launch in Qatar during 1992, has grown to be a premier business house in Gulf, and has established its presence in various sectors including, engineering, real estate, contracting, trading and manufacturing.
Labels: Apartments, Dubailand, New Developments, Residential
Dh2.4bn Dubai Lifestyle City to be launched on 13th Nov'07
Tuesday, November 06, 2007
The Dh.2.4billion Lifestyle City project in Dubailand, by ETA Star Group, will be formally launched on 13th November 2007, and the celebrated tennis player and style icon, Maria Sharapova, is expected to grace the occasion.
The Managing Director, Dubai Lifestyle City, Arif B. Rahman, while announcing the launch, mentioned that the celebrated tennis player, Maria Sharapova, represents the style, success and standard that a home-owner of Dubai Lifestyle City would yearn for, and that Sharapova's presence during the launch is a testimony to the importance that IMG Academies give to their Partnership with Dubai Lifestyle City.
The project has already received good response from investors across the globe, which is seeing results in the form of sales. The Dubai Lifestyle City in Dubailand, covers an area of four million square feet, and is considered to be a unique destination that offers its visitors and residents alike, with an enchanting lifestyle in a natural, calm and serene environment.
The project partners include the most respected international brands such as IMG Academies, JW Marriott, Microsoft and Cisco. The Lifestyle City has been designed in Tuscany style of architecture, by the celebrated Beverley Hills designer, Tony Ashai.
IMG Academies, the world-class sport institution, well-known for training top sport celebrities like Monica Seles, Jim courier and Andre Agassi, will now bring about the world-class training facilities for all sports, particularly the golf and tennis, to the entire region.
The Managing Director, Dubai Lifestyle City, Arif B. Rahman, while announcing the launch, mentioned that the celebrated tennis player, Maria Sharapova, represents the style, success and standard that a home-owner of Dubai Lifestyle City would yearn for, and that Sharapova's presence during the launch is a testimony to the importance that IMG Academies give to their Partnership with Dubai Lifestyle City.
The project has already received good response from investors across the globe, which is seeing results in the form of sales. The Dubai Lifestyle City in Dubailand, covers an area of four million square feet, and is considered to be a unique destination that offers its visitors and residents alike, with an enchanting lifestyle in a natural, calm and serene environment.
The project partners include the most respected international brands such as IMG Academies, JW Marriott, Microsoft and Cisco. The Lifestyle City has been designed in Tuscany style of architecture, by the celebrated Beverley Hills designer, Tony Ashai.
IMG Academies, the world-class sport institution, well-known for training top sport celebrities like Monica Seles, Jim courier and Andre Agassi, will now bring about the world-class training facilities for all sports, particularly the golf and tennis, to the entire region.
Labels: Dubai Lifestyle City, Dubailand, ETA-Star, Residential, Villa Projects
Emaar, Bawadi join hands for Dh.60bn realty development
Tuesday, October 23, 2007
Emaar Properties, together with Bawadi, a member of the subsidiary of Dubai Holding, Tatweer, have announced their joint-venture, worth Dh.60bn, towards development of 70million square feet of land in Bawadi, the largest hospitality and leisure development in the world, at Dubailand.
This realty project is expected to turn out to be a signature development with equal equity participation by both parties. While Bawadi is expected to transfer land rights to the joint venture, Emaar will contribute equivalent portion of cash in the joint venture. The venture is likely to yield its returns by 2009.
The joint venture will be managed by Emaar, through management and technical services agreement. This venture will bring about 15million square feet of family-oriented theme park, lush green parks and lakes with a wide range of attractions matching global standards. It will also include six hotels and 1200 serviced apartments. The project will be located at the heart of Bawadi, and in close proximity to Arabian Ranches, an Emaar flagship project.
The Emaar Properties, Chairman, Mohamed Ali Alabbar, said "As a pioneer of master-planned communities in Dubai, with an accomplished track record of creating world-class developments, Emaar has established credentials in property development. Our partnership with Bawadi will increase our land bank in Dubai by 76%. This transaction is ideal as per the Dubai Strategic Plan, which has been outlined by H.H. Sheikh Mohammed, highlighting the need for Dubai taking leadership position by leveraging its strengths."
The Executive Chairman of Dubai Holding, Mohamed Al Gergawi, mentioned that as per the Strategic Plan by H.H. Sheikh Mohammed, the focal areas of the plan is tourism development, and the abilities of the two companies together, will effectively contribute to this sector.
This realty project is expected to turn out to be a signature development with equal equity participation by both parties. While Bawadi is expected to transfer land rights to the joint venture, Emaar will contribute equivalent portion of cash in the joint venture. The venture is likely to yield its returns by 2009.
The joint venture will be managed by Emaar, through management and technical services agreement. This venture will bring about 15million square feet of family-oriented theme park, lush green parks and lakes with a wide range of attractions matching global standards. It will also include six hotels and 1200 serviced apartments. The project will be located at the heart of Bawadi, and in close proximity to Arabian Ranches, an Emaar flagship project.
The Emaar Properties, Chairman, Mohamed Ali Alabbar, said "As a pioneer of master-planned communities in Dubai, with an accomplished track record of creating world-class developments, Emaar has established credentials in property development. Our partnership with Bawadi will increase our land bank in Dubai by 76%. This transaction is ideal as per the Dubai Strategic Plan, which has been outlined by H.H. Sheikh Mohammed, highlighting the need for Dubai taking leadership position by leveraging its strengths."
The Executive Chairman of Dubai Holding, Mohamed Al Gergawi, mentioned that as per the Strategic Plan by H.H. Sheikh Mohammed, the focal areas of the plan is tourism development, and the abilities of the two companies together, will effectively contribute to this sector.
Labels: Bawadi, Dubailand, Emmar, Latest News, Real Estate Projects, Theme-Parks
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
Dubai Properties launches 'Al Waha' Villas in Dubailand
Tuesday, September 18, 2007
Dubai Properties has announced the launch of 'Al Waha Villas' worth Dh.745million, which is a freehold Mediterranean style residential community, located at Dubailand.
The project made its first appearance during the recent two-month long summer promotion at Harrods, the famous department store in London, where it generated sales worth Dh.150mn.
The project was also exhibited at the Ritz Hotel in Paris recently. The show was a part of the initiative by Dubai properties, to extend its reach and promote its signature project to international audience to gain investors interest in Dubai.
The project comprises of 260 townhouses that are built in Mediterranean style, with a luxurious enclave. The development is due for completion by 8 months towards the mid of 2008.
"The Al Waha villas will set a new benchmark in luxury accommodation. Designed with creativity, and quality in mind, the villas offer a unique lifestyle community with two, three and four bedroom villas, encompassed in lush greenery and landscape," said Mohamed Binbrek, the CEO of Dubai Properties.
The villas are a gated development comprising properties that range from 3,944 sq.ft. space for a four bedroom villa to 3,621 sq.ft. for a three bedroom, and 1,785 sq.ft. in size for a two bedroom villa. The development features a clubhouse and community swimming pool, while the villas are provided with balconies, terraces and one or two parking spaces.
Dubai Properties, is a member of Dubai Holding, and operates with the aim of developing unique communities.
The project made its first appearance during the recent two-month long summer promotion at Harrods, the famous department store in London, where it generated sales worth Dh.150mn.The project was also exhibited at the Ritz Hotel in Paris recently. The show was a part of the initiative by Dubai properties, to extend its reach and promote its signature project to international audience to gain investors interest in Dubai.
The project comprises of 260 townhouses that are built in Mediterranean style, with a luxurious enclave. The development is due for completion by 8 months towards the mid of 2008.
"The Al Waha villas will set a new benchmark in luxury accommodation. Designed with creativity, and quality in mind, the villas offer a unique lifestyle community with two, three and four bedroom villas, encompassed in lush greenery and landscape," said Mohamed Binbrek, the CEO of Dubai Properties.
The villas are a gated development comprising properties that range from 3,944 sq.ft. space for a four bedroom villa to 3,621 sq.ft. for a three bedroom, and 1,785 sq.ft. in size for a two bedroom villa. The development features a clubhouse and community swimming pool, while the villas are provided with balconies, terraces and one or two parking spaces.
Dubai Properties, is a member of Dubai Holding, and operates with the aim of developing unique communities.
Labels: Al-Waha, Dubailand, Luxury Homes, Villa Projects
Dubai Sports City projects progress as scheduled
Monday, September 17, 2007
The Dubai Sports City, scheduled to be unveiled in late 2007, will be exactly what it implies: a city built to serve the purpose, and dedicated to everything related to sports. The development on completion will be the first of its kind that has been built for sports, and will be the base for a large number of events in sporting, while also including residential and commercial space into the mix.
With hi-tech stadiums, art academies and sports arenas under construction, the best names in the world of sport has given their support to a number of facilities, including Ernie EI's first golf course and the Manchester United Soccer School. The sub-developments in the Sports city will be scattered around the various facilities that are made to create a lifestyle that can be matched by no other.
Life in Sports City is all about having the best in luxury living, while also maintaining an active lifestyle. With projects such as the Oasis Tower, Gallery Villas, The Cube, and Victory Heights, buyers have an option to choose from villas and apartments, and they get to decide on whether to live in a serene atmosphere or to choose the one that faces a golf course.
Being a part of the immense Dubailand project, the residents get the best of both worlds: a luxurious lifestyle in beautiful surroundings, with all the necessary amenities and entertainments that one could ever ask for. Shops, restaurants, cafes, schools, and retail outlets are available round the clock within vicinity, and life in Dubai Sports City is all about balancing an active lifestyle, work, and calmness of your own spacious freehold property.
Located just 20 minutes outskirts of Dubai, the entire development is under the ownership of Dubai Properties, the Sports City is expected to be in a unique entertainment complex, with Sports City as an integral part of the new and exciting project.
With hi-tech stadiums, art academies and sports arenas under construction, the best names in the world of sport has given their support to a number of facilities, including Ernie EI's first golf course and the Manchester United Soccer School. The sub-developments in the Sports city will be scattered around the various facilities that are made to create a lifestyle that can be matched by no other.
Life in Sports City is all about having the best in luxury living, while also maintaining an active lifestyle. With projects such as the Oasis Tower, Gallery Villas, The Cube, and Victory Heights, buyers have an option to choose from villas and apartments, and they get to decide on whether to live in a serene atmosphere or to choose the one that faces a golf course.
Being a part of the immense Dubailand project, the residents get the best of both worlds: a luxurious lifestyle in beautiful surroundings, with all the necessary amenities and entertainments that one could ever ask for. Shops, restaurants, cafes, schools, and retail outlets are available round the clock within vicinity, and life in Dubai Sports City is all about balancing an active lifestyle, work, and calmness of your own spacious freehold property.
Located just 20 minutes outskirts of Dubai, the entire development is under the ownership of Dubai Properties, the Sports City is expected to be in a unique entertainment complex, with Sports City as an integral part of the new and exciting project.
Labels: Dubai Sports City, Dubailand, Real Estate News
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
Dubailand holds discussions to set up a pre-registration system
Sunday, September 09, 2007
Dubailand, a member of Tatweer, has announced that it is in advanced stages of processing a pre-registration system with the Land Department so as to completely abide by the new requirements and regulations.
The move has been initiated following an agreement between the Land Department and Tatweer which was signed in the month of June this year. Tatweer has formed a project committee comprising representatives from various departments to provide necessary assistance to the Land Department Authority to compile the necessary data to test run the pre-registration system.
The pre-registration system will adhere to the new law completely and will help Tatweer in tracking all registrations carried out by secondary developers in the areas that fall under its purview. This system will also ensure that any engineering specifications are strictly followed, as per the original master plan.
The CEO of Dubailand, Mohammad Al Habbai, said "The announcement of Law No.8 that pertains to real estate development trust accounts has had a positive knock-on effect for Tatweer. Through our partnership with the land department, we aim to establish a registration system for all Dubailand projects, including the ones developed by third parties."
He added that, the developers will get to interact with the registration system of the Land Department directly, right from the first day of their deal.
Through the introduction of the law pertaining to escrow accounts, the Land Department has put an end to any developer trying to launch a project and collect deposits, without sufficient guarantee that the funds will be utilized only for the intended purpose. The law also ensures that the construction work begins at the stipulated time.
The move has been initiated following an agreement between the Land Department and Tatweer which was signed in the month of June this year. Tatweer has formed a project committee comprising representatives from various departments to provide necessary assistance to the Land Department Authority to compile the necessary data to test run the pre-registration system.The pre-registration system will adhere to the new law completely and will help Tatweer in tracking all registrations carried out by secondary developers in the areas that fall under its purview. This system will also ensure that any engineering specifications are strictly followed, as per the original master plan.
The CEO of Dubailand, Mohammad Al Habbai, said "The announcement of Law No.8 that pertains to real estate development trust accounts has had a positive knock-on effect for Tatweer. Through our partnership with the land department, we aim to establish a registration system for all Dubailand projects, including the ones developed by third parties."
He added that, the developers will get to interact with the registration system of the Land Department directly, right from the first day of their deal.
Through the introduction of the law pertaining to escrow accounts, the Land Department has put an end to any developer trying to launch a project and collect deposits, without sufficient guarantee that the funds will be utilized only for the intended purpose. The law also ensures that the construction work begins at the stipulated time.
Labels: Dubailand, Property Law, Real Estate News
Tanmiyat-Tamweel tie-up for 'Living Legends' project
Friday, September 07, 2007
Leading Saudi-based property developer, the Tanmiyat Group, and the leading UAE-based property financier, Tamweel, have entered into a mortgage deal in Dubai for the 'Living Legends' project by Tanmiyat in Dubailand.
"Tanmiyat is proud to be joining hands with Tamweel, as a strategic business development partner for the upcoming real estate development projects in the region. With its offices in Dubai, Riyadh, and Istanbul, Tanmiyat is in the process of developing major property projects in Saudi, UAE and Turkey," said Sheikh Sulyman Bin Abdul Aziz Al Majed, the Chairman of Tanmiyat Group.
Living Legends is the residential area of the Legends project, and comprises 500 villas and 12 residential towers based on Arabian theme. The villas are located surrounding the golf course out of which, 50 are five-bedroom deluxe apartments, 200 four-bedrooms, 150 five-bedroom villas, and the towers comprises 1800 units on the whole, including, two, three, four bedroom apartments and penthouses, located amidst the villas and entertainment and shopping area.
"Tanmiyat is proud to be joining hands with Tamweel, as a strategic business development partner for the upcoming real estate development projects in the region. With its offices in Dubai, Riyadh, and Istanbul, Tanmiyat is in the process of developing major property projects in Saudi, UAE and Turkey," said Sheikh Sulyman Bin Abdul Aziz Al Majed, the Chairman of Tanmiyat Group.
Living Legends is the residential area of the Legends project, and comprises 500 villas and 12 residential towers based on Arabian theme. The villas are located surrounding the golf course out of which, 50 are five-bedroom deluxe apartments, 200 four-bedrooms, 150 five-bedroom villas, and the towers comprises 1800 units on the whole, including, two, three, four bedroom apartments and penthouses, located amidst the villas and entertainment and shopping area.
Labels: Dubailand, Latest News, Mortgages, Real Estate Company, Residential
Al Kaheel Freehold Villas in Dubailand
Wednesday, September 05, 2007
Al Kaheel Equine Park and Villas, the unique freehold sub-development property of Dubailand, developed by Dubai Properties, has been designed to offer the best in luxury and space. The Al Kaheel residences are unique every sense, as they offer spacious living in completely natural surrounding. They are a combination of Ariabian heritage and modern design, and aptly define the meaning of a perfect location to own a home.
The project will include 400 spacious, individually designed, unique homes that face the desert landscape. Investors have the option of choosing any of the four, five and six bedroom villas with other added amenities such as private swimming pools, fully landscaped gardens, and Jacuzzis. Apart from the 24 hour security and helpline, residents are given an identity pass, to gain discounts through the entire park so as to gain an experience of living in the heart of this new exciting development, which is one of a kind.
The villas have high-quality finishings and have hi-tech internet, television and communication amenities with built-up areas that range from an average of 3,767 square feet to 10,064 of space. Out of the total area, each plot allows plenty of room for garden, ranging from 6500 square feet to 16,000 square feet. The additional amenities include swimming pools, health club with squash, nursery school, tennis courts, and a supermarket and shopping boulevard.
The project will include 400 spacious, individually designed, unique homes that face the desert landscape. Investors have the option of choosing any of the four, five and six bedroom villas with other added amenities such as private swimming pools, fully landscaped gardens, and Jacuzzis. Apart from the 24 hour security and helpline, residents are given an identity pass, to gain discounts through the entire park so as to gain an experience of living in the heart of this new exciting development, which is one of a kind.
The villas have high-quality finishings and have hi-tech internet, television and communication amenities with built-up areas that range from an average of 3,767 square feet to 10,064 of space. Out of the total area, each plot allows plenty of room for garden, ranging from 6500 square feet to 16,000 square feet. The additional amenities include swimming pools, health club with squash, nursery school, tennis courts, and a supermarket and shopping boulevard.
Apart from the said amenities, the Al Kaheel residents will have the additional benefits of living in the Dubailand community, the ultimate entertainment venue that features shopping malls, theme parks, luxury hotels and other residential units.In short, life in Al Khaeel is about unparalleled beautiful luxurious surroundings coupled with the best of amenities that help in leading your life the way you desire.
Labels: Al Kaheel, Dubailand, Luxury Homes, New Developments, Villa Projects
The Dunes Golf Course in Dubai Sports City nears completion
Sunday, August 12, 2007
The Dunes Golf Course in the Dubai Sports City is in its final stages of completion, and is all set for play towards the end of the year.
The course is officially being planned for inauguration during December 2007, so that there will be sufficient time for the course to mature before its launch.
The infrastructure that was required for supporting the 211 acre site is now all ready. The course has been supplied with 50kms of piping to provide irrigation, supported by a pump station that has the capacity to supply more than two million gallons of water every eight hours, and various other necessary amenities.
The Dunes is an eighteen-hole signature golf course that is designed by Ernie Els, and is expected to be the central point of the Victory Heights in the Dubai Sports City.
Dubai Sports City is the first sports city in the world, built for the purpose. It is located on 50 million square feet of land in the Dubailand development. The Sports City features four wonderful stadiums a cricket stadium with 25000 capacity, multi-purpose indoor arena with 10,000 seats, multi-purpose outdoor stadium with 60,000 seat capacity, and filed hockey venue with 5000 seat capacity. The Sports city will incorporate hi-tech sporting venues for activities, events and sports and will house commercial and residential developments.
The course is officially being planned for inauguration during December 2007, so that there will be sufficient time for the course to mature before its launch.
The infrastructure that was required for supporting the 211 acre site is now all ready. The course has been supplied with 50kms of piping to provide irrigation, supported by a pump station that has the capacity to supply more than two million gallons of water every eight hours, and various other necessary amenities.
The Dunes is an eighteen-hole signature golf course that is designed by Ernie Els, and is expected to be the central point of the Victory Heights in the Dubai Sports City.
Dubai Sports City is the first sports city in the world, built for the purpose. It is located on 50 million square feet of land in the Dubailand development. The Sports City features four wonderful stadiums a cricket stadium with 25000 capacity, multi-purpose indoor arena with 10,000 seats, multi-purpose outdoor stadium with 60,000 seat capacity, and filed hockey venue with 5000 seat capacity. The Sports city will incorporate hi-tech sporting venues for activities, events and sports and will house commercial and residential developments.
Labels: Dubai Sports City, Dubailand, Golf property
Dubai to invest more towards developing Theme Parks
Thursday, August 09, 2007
Plans are on to invest more than Dh.20billion for making Dubai as one of the top-most location to house the most prestigious theme parks in the world.
The ambitious target of Dubai to attract 15 million tourists by 2010 has captured the attention of even the biggest names in the global entertainment business such as the US film studios Universal and Paramount Pictures.
On completion of the projects in hand, Dubai will be the place for rides and attractions based on hits such as the 'Mission Impossible' and 'Titanic' and the emirate would no longer be only a haven for golden beaches and luxury hotels.
Paramount Pictures recently permitted Ruwaad Holdings, a real estate firm to construct a theme park in its name. It will be a Dh.9.2billion mixed-use development, featuring shopping centers, resorts, and hotels. The location for constructing the theme park is yet to be finalized. This project is expected to face a stiff competition from Universal Studios, which will help in setting up a Dh.8billion Universal City at Dubailand. The 6.5m Sq. Ft. project will be one of the largest theme parks in the world, and is expected to draw more than three million visitors to Dubai by 2010.
In the meanwhile, the Al Ahli Group, based in UAE, has entered into partnership with the American Kids TV network, Nickelodeon, to together develop its Dh.3.67 billion Dubai Amusement Park and create content for its entry into local TV entertainment. The amusement park is expected to be opened by 2011, though its location is yet to be known.
The company signed similar licensing deal with Marvel Entertainment, the owners of Spiderman and Batman comic book hero franchises.
Apart from attracting the big names abroad, Dubai is also creating its own Amusement Park themes.
The ambitious target of Dubai to attract 15 million tourists by 2010 has captured the attention of even the biggest names in the global entertainment business such as the US film studios Universal and Paramount Pictures.
On completion of the projects in hand, Dubai will be the place for rides and attractions based on hits such as the 'Mission Impossible' and 'Titanic' and the emirate would no longer be only a haven for golden beaches and luxury hotels.
Paramount Pictures recently permitted Ruwaad Holdings, a real estate firm to construct a theme park in its name. It will be a Dh.9.2billion mixed-use development, featuring shopping centers, resorts, and hotels. The location for constructing the theme park is yet to be finalized. This project is expected to face a stiff competition from Universal Studios, which will help in setting up a Dh.8billion Universal City at Dubailand. The 6.5m Sq. Ft. project will be one of the largest theme parks in the world, and is expected to draw more than three million visitors to Dubai by 2010.
In the meanwhile, the Al Ahli Group, based in UAE, has entered into partnership with the American Kids TV network, Nickelodeon, to together develop its Dh.3.67 billion Dubai Amusement Park and create content for its entry into local TV entertainment. The amusement park is expected to be opened by 2011, though its location is yet to be known.
The company signed similar licensing deal with Marvel Entertainment, the owners of Spiderman and Batman comic book hero franchises.
Apart from attracting the big names abroad, Dubai is also creating its own Amusement Park themes.
Labels: Dubailand, New Developments, Real Estate Projects, Ruwaad, Theme-Parks
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
Dubai Lifestyle City officially launched at Dubailand
Wednesday, May 30, 2007
The Dubai Lifestyle City at Dubailand has been officially inaugurated, a project, which was announced during January 2006 at Dh.1 billion, is now hooked at Dh.2.4bn. This is said to be due to the increased construction cost and the additional luxury components that was required during the construction.
The ETA Group is targeting ultra-high net worth residents for the Lifestyle City, which covers about 4million Sq.Ft. comprising 120 'villetes' and 68 Tuscan-themed villas, a golf course, auditorium, theatre, sports and recreational facilities. Apart from this, the city will have a 170 room W Marriott, a 100,000 Sq.Ft. shopping mall, and a 150 room Courtyard.
The Tuscany style of architecture for the city has been designed by Tony Ashai, the Beverley Hills designer.
ETA, together with IMG Academies and JW Marriott brands have entered into a tie-up, and the Cisco and Microsoft is expected to be the pillar for the digital lifestyle.
The prices for the villas currently range from Dh.20million to Dh.40million, and the project is scheduled for completion by July 2009.
The ETA Group is targeting ultra-high net worth residents for the Lifestyle City, which covers about 4million Sq.Ft. comprising 120 'villetes' and 68 Tuscan-themed villas, a golf course, auditorium, theatre, sports and recreational facilities. Apart from this, the city will have a 170 room W Marriott, a 100,000 Sq.Ft. shopping mall, and a 150 room Courtyard.
The Tuscany style of architecture for the city has been designed by Tony Ashai, the Beverley Hills designer.
ETA, together with IMG Academies and JW Marriott brands have entered into a tie-up, and the Cisco and Microsoft is expected to be the pillar for the digital lifestyle.
The prices for the villas currently range from Dh.20million to Dh.40million, and the project is scheduled for completion by July 2009.
Labels: Dubai Lifestyle City, Dubailand, Villa Projects
Al Kaheel luxury villa project commences at Dubailand
Monday, May 28, 2007
The Dh.1.6 billion Al Kaheel project at Dubailand, has begun, as per statements.
This makes way for the construction of 400 villas at the Eco Zone in Dubailand, meant to be a part of the Al Kaheel Residences.
A representative said "Of these 400 homes, we have 250 of them as luxury independent villas nestled amounts the valleys of their individual community areas. An additional 150 are uniquely grouped together to create our Hilltop Residences offering a new style of living within this homeland of the horse."
Though UAE has thousands of horses, Al Kaheel is expected to be the first commercial Equine Spa and Therapy Center that has been dedicated for the mental and physical well being of the performing sport horses.
The first tourist destination experience of Al Kaheel is also expected to be on-line soon. The road leading to Al Kaheel Equine Desert Safari is also under construction. This safari is likely to be the foremost among Dubailand attractions that are available to both tourists and residents.
Also the "Jewel", Fantasia Theatre and Equine Edutainment Park, is expected to be opened by 2009 and are likely to further boost the tourism industry of Dubai. Spectacular shows and performances will be available all through the day, and 365 days a year for tourists and residents alike.
This makes way for the construction of 400 villas at the Eco Zone in Dubailand, meant to be a part of the Al Kaheel Residences.
A representative said "Of these 400 homes, we have 250 of them as luxury independent villas nestled amounts the valleys of their individual community areas. An additional 150 are uniquely grouped together to create our Hilltop Residences offering a new style of living within this homeland of the horse."
Though UAE has thousands of horses, Al Kaheel is expected to be the first commercial Equine Spa and Therapy Center that has been dedicated for the mental and physical well being of the performing sport horses.
The first tourist destination experience of Al Kaheel is also expected to be on-line soon. The road leading to Al Kaheel Equine Desert Safari is also under construction. This safari is likely to be the foremost among Dubailand attractions that are available to both tourists and residents.
Also the "Jewel", Fantasia Theatre and Equine Edutainment Park, is expected to be opened by 2009 and are likely to further boost the tourism industry of Dubai. Spectacular shows and performances will be available all through the day, and 365 days a year for tourists and residents alike.
Labels: Al Kaheel, Dubailand, Luxury Homes, Villa Projects
Dubailand master plans receives approval
Monday, May 21, 2007
Dubailand has announced that it has received the approval of Dubai Municipality for 16 master plans pertaining to the family entertainment and leisure project, which is considered as one of their most ambitious project.
The Dubailand CEO, Mohammad Al Habbai has said "The approval of 16 master plans by Dubai Municipality has taken Dubailand forward and will critically help to bring additional investors to this key entertainment and leisure destination."
The Dubailand projects that are currently under development include the Dubai Outlet City, Dubai Heritage Vision, Dubai Sports City, Falcon City of Wonders, Motor City and Al Barari. Other projects such as Al Khaleel, City of Arabia and Polo are in their initial stages.
Dubailand, occupying three billion square foot of space will be located along the Emirates Road. This will include a Dinosaur Theme Park, The Restless Planet, the Great Dubai Wheel, Sports City with state-of-the-art stadiums, the Islamic Culture, the great Dubai Wheel, Dubai Heritage Vision and Science World, the Global Village, Mall of Arabia and several other attractions.
Al Habbai stated that the industry estimates have indicated a strong potential for leisure and entertainment in the region. He mentioned that with these leading projects at Dubailand he is confident that this will place the entire region and, Dubai in particular, as a leading entertainment destination.
The Dubailand CEO, Mohammad Al Habbai has said "The approval of 16 master plans by Dubai Municipality has taken Dubailand forward and will critically help to bring additional investors to this key entertainment and leisure destination."
The Dubailand projects that are currently under development include the Dubai Outlet City, Dubai Heritage Vision, Dubai Sports City, Falcon City of Wonders, Motor City and Al Barari. Other projects such as Al Khaleel, City of Arabia and Polo are in their initial stages.
Dubailand, occupying three billion square foot of space will be located along the Emirates Road. This will include a Dinosaur Theme Park, The Restless Planet, the Great Dubai Wheel, Sports City with state-of-the-art stadiums, the Islamic Culture, the great Dubai Wheel, Dubai Heritage Vision and Science World, the Global Village, Mall of Arabia and several other attractions.
Al Habbai stated that the industry estimates have indicated a strong potential for leisure and entertainment in the region. He mentioned that with these leading projects at Dubailand he is confident that this will place the entire region and, Dubai in particular, as a leading entertainment destination.
Labels: Dubailand
Bawadi to be the biggest retail zone in the world
Tuesday, May 08, 2007
The Dh.100billion tourism and entertainment destination at Dubailand, ‘Bawadi’, will host the world’s largest shopping destination covering 40million sq.mts of land area.
This is the outcome of a directive from the Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, due to its expected contribution to Dubai’s Strategic Plan 2015.
The shopping area will comprise of street shopping, boutique malls and shopping malls in an underground shopping area all connected to Bawadi’s various elements, so as to become the longest shopping avenue in the world.
Bawadi, the world’s biggest area by development size, launched during May 2006, comprises of hotel that is 10km long, convention centers, shopping strip and entertainment.
The Minister of State for Cabinet Affairs, Mohammed Al Gergawi, mentioned that apart from offering the largest shopping area in the world, it will link to 31 hotels ranging from three star to five star, representing a strong platform for tourism development in the emirate, which will re-inforce the status of Dubai as one of the premier family destinations in the world.
Bawadi, is being constructed by Tatweer, a subsidiary of Dubai Holding. Bawadi will add 31 hotels with 29000 rooms with its centerpiece development Asia, offering 6500 rooms, entertainment, shopping malls and convention facilities.
Tatweer Executive Chairman, Saeed Al Muntafiq has confirmed that the initial road works is almost nearing completion, and the infrastructure work is on schedule.
This is the outcome of a directive from the Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, due to its expected contribution to Dubai’s Strategic Plan 2015.
The shopping area will comprise of street shopping, boutique malls and shopping malls in an underground shopping area all connected to Bawadi’s various elements, so as to become the longest shopping avenue in the world.
Bawadi, the world’s biggest area by development size, launched during May 2006, comprises of hotel that is 10km long, convention centers, shopping strip and entertainment.
The Minister of State for Cabinet Affairs, Mohammed Al Gergawi, mentioned that apart from offering the largest shopping area in the world, it will link to 31 hotels ranging from three star to five star, representing a strong platform for tourism development in the emirate, which will re-inforce the status of Dubai as one of the premier family destinations in the world.
Bawadi, is being constructed by Tatweer, a subsidiary of Dubai Holding. Bawadi will add 31 hotels with 29000 rooms with its centerpiece development Asia, offering 6500 rooms, entertainment, shopping malls and convention facilities.
Tatweer Executive Chairman, Saeed Al Muntafiq has confirmed that the initial road works is almost nearing completion, and the infrastructure work is on schedule.
Labels: Bawadi, Dubailand, Shopping Mall
Pauling sanctioned with Dh.400m credit facility for construction of villas
Sunday, April 08, 2007
Pauling Middle East Company, a pioneer in roads and building construction in the UAE, has been sanctioned with Dh.400m syndicated credit facility under the leadership of Emirates Bank.
The facility will be used for construction of 366 villas at Falconcity of Wonders in Dubailand development.
The project will take about a year and a half for completion, beginning 20th February 2007.
Emirates Bank is the bookrunner, underwriter and lead arranger of the transaction. The other participating Banks include the Bank of Baroda, State Bank of India, National Bank of Abu Dhabi and Mashreq Bank.
The General Manager of Emirates Bank, Abdul Wahed Al Fahim has mentioned that this is one of the prestigious transactions for the Bank, as it emphasizes their long on-going relationship with Pauling Middle East.
Pauling is an arm of the Ahmed Khalifa Al Mazroui Group in Abu Dhabi. The group comprises a total of fourteen companies that focus on various segments such as construction, infrastructure, travel and tourism, hospitals, pharmacies, aluminium works, building materials, transportation and aluminium works.
The facility will be used for construction of 366 villas at Falconcity of Wonders in Dubailand development.
The project will take about a year and a half for completion, beginning 20th February 2007.
Emirates Bank is the bookrunner, underwriter and lead arranger of the transaction. The other participating Banks include the Bank of Baroda, State Bank of India, National Bank of Abu Dhabi and Mashreq Bank.
The General Manager of Emirates Bank, Abdul Wahed Al Fahim has mentioned that this is one of the prestigious transactions for the Bank, as it emphasizes their long on-going relationship with Pauling Middle East.
Pauling is an arm of the Ahmed Khalifa Al Mazroui Group in Abu Dhabi. The group comprises a total of fourteen companies that focus on various segments such as construction, infrastructure, travel and tourism, hospitals, pharmacies, aluminium works, building materials, transportation and aluminium works.
Labels: Dubailand, Latest News, Real Estate Company
Dubailand Headquarters open to public
Sunday, March 18, 2007
The Headquarters and Sales Center of Dubailand was inaugurated this week. The Sales Center covers 180,000 Sq. Ft. of area, and dwells two Bengali Tigers in a locked enclosure. The headquarters, situated in Dubailand, around the Emirates Road, which is considered as mini Dubailand, will feature 3200 Sq.Ft. of scale model on the whole development.
The CEO of Dubailand, Mohammad Al Habbal, has said that the headquarters will establish a new benchmark for all sales offices in and around the region, while also providing visitors and investors a glance of the project’s offerings. The exhibition area will have a range of audio and video interactive features, a motorbike that is 35 mts high, a 220m rollercoaster, positioned right on top of the sales center.
The Sales Center of Dubailand, will also have other attractions such as the Dinosaur theme park, the Restless Planet etc., developed in co-operation with the National History Museum located at UK and the Mall of Arabia, known as the Culture and Science World, which is all set to become the largest shopping centers in the world.
The CEO of Dubailand, Mohammad Al Habbal, has said that the headquarters will establish a new benchmark for all sales offices in and around the region, while also providing visitors and investors a glance of the project’s offerings. The exhibition area will have a range of audio and video interactive features, a motorbike that is 35 mts high, a 220m rollercoaster, positioned right on top of the sales center.
The Sales Center of Dubailand, will also have other attractions such as the Dinosaur theme park, the Restless Planet etc., developed in co-operation with the National History Museum located at UK and the Mall of Arabia, known as the Culture and Science World, which is all set to become the largest shopping centers in the world.
Labels: Dubailand
Schedule of Dubailand revealed
The 24 mega projects that constitute the first phase of Dubai’s ambitious leisure and entertainment center, Dubailand, are due for completion in 2010. The Head of Dubailand, Mohammad Al Habbai, who is a member of Tatweer, declared that three projects are already in the process, and the fourth will be added in May this year.
Dubailand, which is built alongside Emirates Road, covering three billion square feet of land, will constitute entertainment centers, hotels etc. The entire project is divided into four phases, and each phase will take five years for completion and the entire city is expected to be complete by 2020.
Al Habbai mentioned that this is one among the biggest projects in Dubai, which will be of interest to one and all. In addition to the three current projects, and the fourth one which is scheduled for May this year, another four projects are already in their first and second stages, while sixteen others have their masterplans approved. As of now, Global Village, Dubai Autodrome and Plantation Polo Club are complete.
Dubai Outlet City is likely to be inaugurated during May, which will have more than 200 stores that offer goods at discounted rates. City of Arabia, Motor City, Falcon City, Sports City and Al Barari are already in pipeline.
Al Habbai mentioned that it was the dream of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai that made way to this world of entertainment. The projects will be divided into phases, though any additional priority will not be given to entertainment or residential facilities. However, Al Habbai believes that the theme park will be the centerpiece of the grand masterplan, which will have superb magical rides and Roller-coasters.
The Great Dubai Wheel, which is likely to be the second largest observation wheel, is another attraction.
A 10km stretch of themed resorts and hotels, Al Bawadi, which when completed will also include the world’s largest hotel proposed to be named as Asia Asia Hotel, will feature about gigantic 6500 rooms.
Dubailand, which is built alongside Emirates Road, covering three billion square feet of land, will constitute entertainment centers, hotels etc. The entire project is divided into four phases, and each phase will take five years for completion and the entire city is expected to be complete by 2020.
Al Habbai mentioned that this is one among the biggest projects in Dubai, which will be of interest to one and all. In addition to the three current projects, and the fourth one which is scheduled for May this year, another four projects are already in their first and second stages, while sixteen others have their masterplans approved. As of now, Global Village, Dubai Autodrome and Plantation Polo Club are complete.
Dubai Outlet City is likely to be inaugurated during May, which will have more than 200 stores that offer goods at discounted rates. City of Arabia, Motor City, Falcon City, Sports City and Al Barari are already in pipeline.
Al Habbai mentioned that it was the dream of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai that made way to this world of entertainment. The projects will be divided into phases, though any additional priority will not be given to entertainment or residential facilities. However, Al Habbai believes that the theme park will be the centerpiece of the grand masterplan, which will have superb magical rides and Roller-coasters.
The Great Dubai Wheel, which is likely to be the second largest observation wheel, is another attraction.
A 10km stretch of themed resorts and hotels, Al Bawadi, which when completed will also include the world’s largest hotel proposed to be named as Asia Asia Hotel, will feature about gigantic 6500 rooms.
Labels: Dubailand
Dubai land sales cross Dh3bn mark
Friday, November 03, 2006
According to the Dubai Land Department, land deal transactions have touched the Dh3.09 billion mark in the month of October this year. Aim for this year is to touch Dh38bn mark by way of land deals.
In all 234 cash sales transactions worth Dh1.03bn have taken place last month. Out of which 135 were mortgage transactions which were worth Dh1.96bn and 15 were donations of land and property which were worth Dh97.48 million.
The total value of real estate has thereby risen in the year 2006 compared to that of 2005. The real estate value touched Dh17.3bn in the first half of 2005 and was estimated at Dh20.6bn in the same period this year.
In all 234 cash sales transactions worth Dh1.03bn have taken place last month. Out of which 135 were mortgage transactions which were worth Dh1.96bn and 15 were donations of land and property which were worth Dh97.48 million.
The total value of real estate has thereby risen in the year 2006 compared to that of 2005. The real estate value touched Dh17.3bn in the first half of 2005 and was estimated at Dh20.6bn in the same period this year.
