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.
Social BookmarkingSpreading 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.
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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.
Social BookmarkingAccording 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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Social BookmarkingHill 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.
Social BookmarkingThe 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.
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"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