BV International to unveil world's most luxurious floating residences at Cityscape Dubai 2007
Tuesday, October 16, 2007
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Buyers will soon be able to own homes on a luxury ship, which could sail to all locations, including Antartica and Amazon, and attend the Monaco Grand Prix or the London Olympics, the cost of which would be equivalent to nearly 2000 years rent in a Bur Dubai apartment, reports Gulf News.
BV International Ocean Holdings Limited will launch a scale model of the 719 foot vessel during the Dubai Cityscape exhibition on 16th to 18th October 2007. The company is expecting a strong reaction from the Middle East to the 112 luxury homes, the prices of which range from Dh.15.69mn for a single bedroom apartment to Dh.52.30mn for a triple bedroom. Penthouses are limited in numbers, with prices ranging from Dh.57.5mn to Dh.155.69mn for a multi-floor penthouse. The sizes of the residence would range from 800 sq ft to approximately 8000 sq. ft.
The 13-deck ship will move around the glob maintaining an average cruising speed of 18.5 knots, visiting cosmopolitan centers and anchoring near remote locations that are accessible only to a limited number of smaller yachts.
The residences on board that are hundred percent furnished, are designed to the standards of Four Seasons Hotel and Resorts, which was also launched by BV International. The residences will be designed by Tillberg Design, the company behind the development 'Queen Mary 2'.
Major features on board include four restaurants, fitness rooms and spas, a gourmet, a casino, business center with video conferencing and meeting rooms, a helipad, a wine cellar, golf simulator, putting greens, a retractable marina that provides ship to shore services, launch of jet skis or sailboats and scuba expeditions.
The first journey has been scheduled for 2010. The initial two years will have a fixed itinerary that covers the Amazon and Antartica, the Grand Prix in Monaco and the 2012 Olympics in London.
The company mentioned that its target clientele are people who are extremely successful and are at the high-end of social scale, and would like to treat themselves to the ultimate travel and luxury. The company is expecting atleast five percent sales from the Middle East market.
The project is due for completion and delivery in 2010.
BV International Ocean Holdings Limited will launch a scale model of the 719 foot vessel during the Dubai Cityscape exhibition on 16th to 18th October 2007. The company is expecting a strong reaction from the Middle East to the 112 luxury homes, the prices of which range from Dh.15.69mn for a single bedroom apartment to Dh.52.30mn for a triple bedroom. Penthouses are limited in numbers, with prices ranging from Dh.57.5mn to Dh.155.69mn for a multi-floor penthouse. The sizes of the residence would range from 800 sq ft to approximately 8000 sq. ft.
The 13-deck ship will move around the glob maintaining an average cruising speed of 18.5 knots, visiting cosmopolitan centers and anchoring near remote locations that are accessible only to a limited number of smaller yachts.
The residences on board that are hundred percent furnished, are designed to the standards of Four Seasons Hotel and Resorts, which was also launched by BV International. The residences will be designed by Tillberg Design, the company behind the development 'Queen Mary 2'.
Major features on board include four restaurants, fitness rooms and spas, a gourmet, a casino, business center with video conferencing and meeting rooms, a helipad, a wine cellar, golf simulator, putting greens, a retractable marina that provides ship to shore services, launch of jet skis or sailboats and scuba expeditions.
The first journey has been scheduled for 2010. The initial two years will have a fixed itinerary that covers the Amazon and Antartica, the Grand Prix in Monaco and the 2012 Olympics in London.
The company mentioned that its target clientele are people who are extremely successful and are at the high-end of social scale, and would like to treat themselves to the ultimate travel and luxury. The company is expecting atleast five percent sales from the Middle East market.
The project is due for completion and delivery in 2010.
Labels: Cityscape, International, Luxury Homes
Emaar to display flagship international real estate projects at EXPO REAL 2007
Wednesday, October 10, 2007
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Emaar Properties, the leading global real estate developer, has announced its decision to display its flagship and international real estate projects at the EXPO REAL 2007 global trade exhibition. The exhibition will be held at New Munich Trade Fair Center, from 8th October to 10th October 2007.
Emaar will be making its second appearance in this international event, highlighting master projects including King Abdullah Economic City in Saudi Arabia, Downtown Burj Dubai, and various other master-planned communities in its international markets such as Morocco, Syria and Egypt.
The major attractions at the Emaar stand will include mixed-use real estate projects such as Burj Dubai, Downtown Burj Dubai community, including the world's tallest free-standing structure, Burj Dubai. Other developments that will be displayed include the Eighth Gate master planned community project in Damascus, the Marassi residential development in Egypt, the ongoing expansive developments, Amelkis II and III in Morocco, Tinja, Oukaimeden, Bahia Bay and Saphira Communities.
The Managing Director of Emaar, Issam Galadari said "As a trade fair hosting some of the high-profile developers of the world, global industry professionals and investors, EXPO REAL is the perfect venue for enhancing the awareness of projects on a global scale. It displays the ever expanding, inspirational architecture in Dubai, to a wide global audience, creating an invaluable networking platform for key investors."
Emaar will be making its second appearance in this international event, highlighting master projects including King Abdullah Economic City in Saudi Arabia, Downtown Burj Dubai, and various other master-planned communities in its international markets such as Morocco, Syria and Egypt.
The major attractions at the Emaar stand will include mixed-use real estate projects such as Burj Dubai, Downtown Burj Dubai community, including the world's tallest free-standing structure, Burj Dubai. Other developments that will be displayed include the Eighth Gate master planned community project in Damascus, the Marassi residential development in Egypt, the ongoing expansive developments, Amelkis II and III in Morocco, Tinja, Oukaimeden, Bahia Bay and Saphira Communities.
The Managing Director of Emaar, Issam Galadari said "As a trade fair hosting some of the high-profile developers of the world, global industry professionals and investors, EXPO REAL is the perfect venue for enhancing the awareness of projects on a global scale. It displays the ever expanding, inspirational architecture in Dubai, to a wide global audience, creating an invaluable networking platform for key investors."
Labels: Emmar, International, Property-show
Dubai World joins hand with 'One & Only' for luxurious Zanzibar Resorts
Thursday, October 04, 2007
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Dubai World has announced its partnership with 'One& Only Resorts' for development and management of its new luxury resort in Zanzibar, worth $150million, due to be opened in 2009. Dubai World, managers and supervises the portfolio of real estate projects and businesses for the Dubai Government.
'One&Only Zanzibar' will feature a 50-room residence, a 150-room luxury hotel, and a spa retreat, on a 76-Hectare site at Muyuni Beach in Zanzibar. Located on an exclusive part of Zanzibar, facing an island of coral reefs, the Muyuni Beach houses some of the leading dive sites in Africa.
The resort is situated just 45 minutes away from the island's renowned world heritage site, The Stone Town. It is just 15-minutes away by flight from Dar Es Salam, and is easily accessible by flight from Dubai and Nairobi.
The Chairman of Dubai World, Sultan bin Sulayem says "Zanzibar resort aims to be known as the most luxurious and beautiful resort destinations in the world. Hence our choice of partners is of utmost importance for this project. We are delighted about our relationship with One & Only and its Parent company, Kerzner International. One&Only Resorts will be known as the hallmark of excellence and a truly spectacular property."
The One&Only Resorts is one among the premier luxury hotel brands with six resort properties in the Maldives, Mexico, Mauritius, Bahamas and Dubai.
'One&Only Zanzibar' will feature a 50-room residence, a 150-room luxury hotel, and a spa retreat, on a 76-Hectare site at Muyuni Beach in Zanzibar. Located on an exclusive part of Zanzibar, facing an island of coral reefs, the Muyuni Beach houses some of the leading dive sites in Africa.
The resort is situated just 45 minutes away from the island's renowned world heritage site, The Stone Town. It is just 15-minutes away by flight from Dar Es Salam, and is easily accessible by flight from Dubai and Nairobi.
The Chairman of Dubai World, Sultan bin Sulayem says "Zanzibar resort aims to be known as the most luxurious and beautiful resort destinations in the world. Hence our choice of partners is of utmost importance for this project. We are delighted about our relationship with One & Only and its Parent company, Kerzner International. One&Only Resorts will be known as the hallmark of excellence and a truly spectacular property."
The One&Only Resorts is one among the premier luxury hotel brands with six resort properties in the Maldives, Mexico, Mauritius, Bahamas and Dubai.
Labels: International, Real Estate Company, Resorts
Damac eyes overseas markets
Monday, September 24, 2007
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Damac Holding, the private property developer of Damac Properties, plans to develop substantial portfolio of overseas master developments, revealed the Chairman of Damac Holding, Hussain Sajwani.
Sajwani mentioned that the company already holds a major land bank in Saudi and Egypt, and has been planning to launch major mixed-use development.
The company has already launched 79 individual towers worth $18billion, which covers Lebanon, Jordan, Qatar, UAE, and Saudi Arabia. The only master development of the company till date is the Gamsha Bay project, worth $35 to $40 in Egypt.
Sajwani revealed that the company is currently on discussion with a number of governments in overseas countries regarding building master developments. Different markets have different constraints and opportunities. For instance, Qatar Government wants their own companies to act as master developer, limiting the opportunities for companies such as Damac, and hence the company is planning for only single projects there. On the other hand, certain other countries such as Egypt, has large land bank, and hence Gamsha Bay project has been the outcome there, mentioned Sajwani.
Damac is currently eyeing untapped markets such as India, Turkey, Pakistan, and North Africa. Sajwani told that these markets will be closely looked into during 2008, although this would require crossing major hurdles such as identifying suitable land plots and overseas bureaucracy.
Sajwani was of the opinion that although India has a major potential, the task of being able to secure a big piece of land in a good location for a big development could be time consuming.
As far as the domestic market is concerned, Dubai still plays a leading role and represents a major chunk of sales for Damac, agrees Sajwani. Currently Damac is in the process of launching new projects in the domestic markets and has already launched 16 projects during the past seven months, and is now planning to deliver two towers in the Jumeirah Lakes Towers master development towards the initial phase of next year.
Sajwani mentioned that the company already holds a major land bank in Saudi and Egypt, and has been planning to launch major mixed-use development.The company has already launched 79 individual towers worth $18billion, which covers Lebanon, Jordan, Qatar, UAE, and Saudi Arabia. The only master development of the company till date is the Gamsha Bay project, worth $35 to $40 in Egypt.
Sajwani revealed that the company is currently on discussion with a number of governments in overseas countries regarding building master developments. Different markets have different constraints and opportunities. For instance, Qatar Government wants their own companies to act as master developer, limiting the opportunities for companies such as Damac, and hence the company is planning for only single projects there. On the other hand, certain other countries such as Egypt, has large land bank, and hence Gamsha Bay project has been the outcome there, mentioned Sajwani.
Damac is currently eyeing untapped markets such as India, Turkey, Pakistan, and North Africa. Sajwani told that these markets will be closely looked into during 2008, although this would require crossing major hurdles such as identifying suitable land plots and overseas bureaucracy.
Sajwani was of the opinion that although India has a major potential, the task of being able to secure a big piece of land in a good location for a big development could be time consuming.
As far as the domestic market is concerned, Dubai still plays a leading role and represents a major chunk of sales for Damac, agrees Sajwani. Currently Damac is in the process of launching new projects in the domestic markets and has already launched 16 projects during the past seven months, and is now planning to deliver two towers in the Jumeirah Lakes Towers master development towards the initial phase of next year.
Labels: Damac Properties, International, Real Estate Company, Real Estate News
Deyaar to fund its $7bn overseas projects utilizing its share sale proceeds
Monday, September 10, 2007
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Deyaar, an affiliate of Dubai Islamic Bank, has revealed that it has been working on overseas real estate projects, worth $7billion, utilizing the cash from its share sale proceeds.
Although Deyaar was able to raise most of the cash through Islamic bonds and loans, the initial financing will come from the IPO and through the sale of property off the plan, said the Deyaar CEO, Zach Shahin.
Deyaar is currently working on 100 buildings in the UAE, which worth Dh.25billion, revealed Shahin. However, following the footsteps of its rival Emaar Properties, Deyaar too, is pushing itself out of the crowded home market.
Deyaar has projects worth Dh.2billion in pipeline outside the UAE, and a Dh.6billion deal is under negotiation in Abu Dhabi. Shahin says "Although UAE will be our flagship we are bullish about the international markets."
At present, Deyaar is developing projects in Lebanon, Kazakhstan and Turkey and a $5billion township in India with Ansal Properties and Infrastructure Limited. Deyaar also hopes to develop commercial and residential projects in Saudi Arabia on a partnership basis.
Although Deyaar was able to raise most of the cash through Islamic bonds and loans, the initial financing will come from the IPO and through the sale of property off the plan, said the Deyaar CEO, Zach Shahin.Deyaar is currently working on 100 buildings in the UAE, which worth Dh.25billion, revealed Shahin. However, following the footsteps of its rival Emaar Properties, Deyaar too, is pushing itself out of the crowded home market.
Deyaar has projects worth Dh.2billion in pipeline outside the UAE, and a Dh.6billion deal is under negotiation in Abu Dhabi. Shahin says "Although UAE will be our flagship we are bullish about the international markets."
At present, Deyaar is developing projects in Lebanon, Kazakhstan and Turkey and a $5billion township in India with Ansal Properties and Infrastructure Limited. Deyaar also hopes to develop commercial and residential projects in Saudi Arabia on a partnership basis.
Labels: Deyaar, Dubai Real Estate, International, Real Estate Company
UAE developers setting a new trend by eyeing European markets
Thursday, September 06, 2007
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More numbers of property developers in UAE are eyeing Europe for further expansion and to establish their presence, as the land prices there are comparatively reasonable.
Emaar was the first company to expand outside the UAE, followed by Nakheel and Damac.
Currently, Al Manal Development for instance, is working on its second project in Geneva, the County of Cessy. Similarly another Dubai-based developer, who specializes in high-rise buildings is said to have drawn plans to enter the Romanian market.
It is said that even Sheffield Real Estate, which has already completed Dh.500 million worth of projects and have taken up another Dh.3billion worth projects within UAE, has decided to try its hand in the eastern European market. The Managing Director of Sheffield, Abuali Malik Shroff, has said that his company is currently on the look out for land in those countries to develop condominiums and hopes to begin construction next year. He added that the land prices in these countries are reasonable without much legal issues, and one gets to purchase directly from the private parties or the government, and there will be a strong demand for good projects during the coming years.
However, Shroff quoted that he only plans to invest about $250million to $300million over a five year period in the eastern European market, and that his investments are not likely to be long-term.
Although Europe is the new trend for UAE developers, the property companies have been trying to establish their presence for quite some time in markets such as India, Egypt, Pakistan, Morocco and Saudi.
This newfound appeal towards European markets is mainly due to the fact that most of these countries will join the European Union, as the European Union is in the process of expanding. Bulgaria and Romania are already included into the Union.
Emaar was the first company to expand outside the UAE, followed by Nakheel and Damac.
Currently, Al Manal Development for instance, is working on its second project in Geneva, the County of Cessy. Similarly another Dubai-based developer, who specializes in high-rise buildings is said to have drawn plans to enter the Romanian market.
It is said that even Sheffield Real Estate, which has already completed Dh.500 million worth of projects and have taken up another Dh.3billion worth projects within UAE, has decided to try its hand in the eastern European market. The Managing Director of Sheffield, Abuali Malik Shroff, has said that his company is currently on the look out for land in those countries to develop condominiums and hopes to begin construction next year. He added that the land prices in these countries are reasonable without much legal issues, and one gets to purchase directly from the private parties or the government, and there will be a strong demand for good projects during the coming years.
However, Shroff quoted that he only plans to invest about $250million to $300million over a five year period in the eastern European market, and that his investments are not likely to be long-term.
Although Europe is the new trend for UAE developers, the property companies have been trying to establish their presence for quite some time in markets such as India, Egypt, Pakistan, Morocco and Saudi.
This newfound appeal towards European markets is mainly due to the fact that most of these countries will join the European Union, as the European Union is in the process of expanding. Bulgaria and Romania are already included into the Union.
Labels: International, Real Estate Company, Real Estate News, UAE
Emaar launches sales of its Samarah Dead Sea Jordanian project in Dubai
Thursday, August 23, 2007
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The country-subsidiary of Emaar Properties, Emaar International Jordan, has launched the sale of its hi-tech residential project, Samarah Dead Sea Golf & Beach Resort in Dubai on August 18th.
The project, overlooking the Dead Sea, comprises Mediterranean styled homes, within a vibrant retail center and a Spa and Wellness Village.
The Emaar International Jordan General Manager, Steve McCartt, said "The Samarah Hillside homes will provide a lifestyle experience for Jordan through integration of several leisure amenities in close proximity. Jordan has witnessed keen interest from Dubai investors including the Jordanian community in Dubai. Through this sales launch in Jordan and Dubai, we wish to offer a purchase opportunity for Jordan and international investors."
Samarah Dead Sea Golf & Beach Resort is owned by The Dead Sea Touristic and Real Estate Company, a venture of Emaar Properties PJSC. The project aims to energize the Jordanian economy with particular focus on tourism growth and luxury property development.
At present, Emaar is launching the sales of homes within the Hillside comprising two and three bedrooms ranging 314 to 404 sq. mts., in size. The multi-functional residential community is situated opposite to the King Hussein Bin Talal Convention Center.
The project, overlooking the Dead Sea, comprises Mediterranean styled homes, within a vibrant retail center and a Spa and Wellness Village.
The Emaar International Jordan General Manager, Steve McCartt, said "The Samarah Hillside homes will provide a lifestyle experience for Jordan through integration of several leisure amenities in close proximity. Jordan has witnessed keen interest from Dubai investors including the Jordanian community in Dubai. Through this sales launch in Jordan and Dubai, we wish to offer a purchase opportunity for Jordan and international investors."
Samarah Dead Sea Golf & Beach Resort is owned by The Dead Sea Touristic and Real Estate Company, a venture of Emaar Properties PJSC. The project aims to energize the Jordanian economy with particular focus on tourism growth and luxury property development.
At present, Emaar is launching the sales of homes within the Hillside comprising two and three bedrooms ranging 314 to 404 sq. mts., in size. The multi-functional residential community is situated opposite to the King Hussein Bin Talal Convention Center.
Labels: Emmar, International, Investment Property, New Developments, Resorts, Sales
Useful Real Estate Websites
Monday, February 12, 2007
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Worldwide property for Sale or Rent
Buyrentsell.co.uk offers properties worlwide for Sale or Rent from a wide variety of estate agents and prices. Find your dream house today. Also, list your property online today and reach thousands worldwide.
Buyrentsell.co.uk offers properties worlwide for Sale or Rent from a wide variety of estate agents and prices. Find your dream house today. Also, list your property online today and reach thousands worldwide.
Labels: International, Resources
