Al Fara'a Properties announces launch of Dh.1bn Burj Al Fara'a
Sunday, July 27, 2008
Al Fara'a Properties, the flagship subsidiary of Al Fara'a Construction, Industrial and Property Group has announced the launch of Burj Al Fara'a, worth Dh.1billion, the state-of-the-art commercial tower located at the heart of Jumeirah Village.
The launch of this project is aimed at meeting the strong demand for commercial space in Dubai. It is expected that about 86million square feet of built space will be covered for office space by the year 2010.
The state-of-the-art 38 storey commercial tower will see its ground breaking by December 2008, and is likely to be complete by December 2011. Burj Al Fara'a, will be a highly impressive business location that caters to both local and multinational businesses, seeking to establish their strong presence at commercial business district Jumeirah Village, which is nearing 60 percent completion.
The Director of Al Fara'a Properties, Natasha Gangaramani, said that priority would be given for timely completion of the project, which will be constructed to match the highest industry standards.
Studies indicate that Dubai ranks second to Moscow in terms of commercial floor space, with limited stock of quality office space in Dubai. The insufficient supply and comparatively cheaper rates compared to other property destinations such as London continue to be a major factor behind the growth of Dubai as a premier business hub.
Burj Al Fara'a construction will progress as per rigid timetable set up by the company for timely completion of the project. Al Fara'a Properties also plans to undertake several other project launches as a part of their expansion plan for 2008, intended to bolster the company's portfolio and establish position as the top developer in the UAE.
Labels: Business Tower, Commercial Property, Jumeriah Village, Office Space
Nakheel completes major milestone on Jumeirah Village
Monday, June 30, 2008
Nakheel has completed a major milestone in the development of Jumeirah Village, with 60 percent of infrastructure already completed.
Jumeirah Village, which spreads across 811 hectares, comprises several residences, commercial property, offices, and retail and leisure amenities accommodating a population of about 300,000.
Following the announcement of the project in 2004, the development has made tremendous progress with its new management team. The master-plan design incorporates the principles of 'new urbanism'. The combination of distinct architecture, the vast landscape, and the associated parks and boulevards are expected to create a balanced community.
The Jumeirah village has been planned with a focus on sports fields, parks, mosques, schools, cafes, shopping centers and restaurants, with easy access to community service, hubs and public open spaces. With all these amenities the community feel of the Village will be retained.
Jumeirah village targets the specific shortfalls in Dubai property market. By being located in the center of emirate, it is easily accessible to most other parts of Dubai, and has a huge demand for variety housing, retail, leisure and office space.
The General Manager of Jumeirah Village, Marwan Al Naqi, said "Being the largest inland project in our portfolio, the Jumeirah village is a major part of Nakheel's vision to convert the desert of Dubai to into a cluster of vibrant communities. With this project reaching 60 percent completion, it is a major accomplishment that reflects the pace at which the development is progressing."
Social BookmarkingJumeirah Village, which spreads across 811 hectares, comprises several residences, commercial property, offices, and retail and leisure amenities accommodating a population of about 300,000.
Following the announcement of the project in 2004, the development has made tremendous progress with its new management team. The master-plan design incorporates the principles of 'new urbanism'. The combination of distinct architecture, the vast landscape, and the associated parks and boulevards are expected to create a balanced community.
The Jumeirah village has been planned with a focus on sports fields, parks, mosques, schools, cafes, shopping centers and restaurants, with easy access to community service, hubs and public open spaces. With all these amenities the community feel of the Village will be retained.
Jumeirah village targets the specific shortfalls in Dubai property market. By being located in the center of emirate, it is easily accessible to most other parts of Dubai, and has a huge demand for variety housing, retail, leisure and office space.
The General Manager of Jumeirah Village, Marwan Al Naqi, said "Being the largest inland project in our portfolio, the Jumeirah village is a major part of Nakheel's vision to convert the desert of Dubai to into a cluster of vibrant communities. With this project reaching 60 percent completion, it is a major accomplishment that reflects the pace at which the development is progressing."
Labels: Jumeriah Village, Nakheel
Freehold residential development The Residences unveiled at Jumeirah
Saturday, May 24, 2008
A Dh.4billion worth UAE-based realty development, Al-Duaa Holdings, the advisory and investment company, together with A&A Investments, a regional leader in investment services, has launched Dh.240million freehold residential project at Dubai's Jumeirah Village, namely 'The Residences'.
The development which offers 277,929 square feet of premium quality residential and retail space with ample parking, comprises 10 storeys which accommodates 146 units. There are 23 studios, 95 single bedrooms, 21 double bedrooms and 7 lofts. The project offers easy access to hotspots in Dubai such as the Dubai Marina, the Dubai Sports City and the Dubai Internet City (DIC).
As per recent studies, the demand for The Residences in Dubai is likely to grow by an average of 24,000 units by end of 2008 and potentially by further 45,000 units towards the year 2015 so as to cater to the expected 1.4million increase in population.
Al Duaa launched The Plaza, a mixed-use development on February. Al Duaa plans to launch another ambitious project 'Al Duaa World Islands' on The World Island during September this year.
The development which offers 277,929 square feet of premium quality residential and retail space with ample parking, comprises 10 storeys which accommodates 146 units. There are 23 studios, 95 single bedrooms, 21 double bedrooms and 7 lofts. The project offers easy access to hotspots in Dubai such as the Dubai Marina, the Dubai Sports City and the Dubai Internet City (DIC).
Designed by Dimension Engineering Consultants, the project offers various amenities such as the gymnasium, steam room, swimming pool, sauna and Jacuzzi. The Loft apartments on the top floors of the project have their own privateThe Managing Director of Al-Duaa Holdings, Noreen Khan, said "We take special care in the design phase to ensure that unit layouts reflect unique features that offer a sense of individuality to them. The Residences enjoy its share of privacy, natural light and views of the city."
swimming pool.
As per recent studies, the demand for The Residences in Dubai is likely to grow by an average of 24,000 units by end of 2008 and potentially by further 45,000 units towards the year 2015 so as to cater to the expected 1.4million increase in population.
Al Duaa launched The Plaza, a mixed-use development on February. Al Duaa plans to launch another ambitious project 'Al Duaa World Islands' on The World Island during September this year.
Labels: Freehold Property, Jumeriah Village
AAA Appraisers launches the Eclipse Tower in Dubai
Thursday, May 22, 2008
A development arm of AAA International Group, AAA Appraisers, yesterday launched the $200million Eclipse Tower in Dubai Jumeirah Village.
The project, which covers a gross built-up area of 350,000 square feet, with an additional 55,000 square feet of retail space, will also feature a sky golf course.
"This is a record of sorts. Dubai has never experienced a sky golf course, featuring bunkers, water hazards and pioneering water management system that maintains the golf course with minimal wastage of water," said Ebrahim, the General Manager of AAA.
The project also introduces another new concept in Dubai, wherein, the moment investors buy an office in the tower, they will be able to move into a fully furnished office. In the normal course projects, on the other hand, businesses will have to wait for two to three years before the keys of their office are handed over. The company aims to introduce a paradigm shift in the realty industry this way.
Featuring high standard modern amenities that promote both convenient and professional business standards, it also includes options for relaxation after the hectic working hours. The officer offer stunning views of the canal within the Jumeirah Village South, while the five high-speed elevators carry employees to their respective offices in a fast and comfortable manner. The golf course in the tower is the first-of-its-kind to be built in a commercial office tower in Dubai, which offers clients and businessmen a unique working environment.
Ideally located amongst the major roads in Dubai - the emirates road and Al Khail Road, the commuters no doubt will be benefited from the new metro too, which links the Dubai International Airport to its new residential development. The prime location is sure to attract foreign investors who further promote the growth of Dubai's currently blossoming economy.
Construction of the project is likely to commence by end of September 2008, and will be complete by end of 2010.
The sales of the tower will be launched within the next few months at the rate of Dh.1600 per square foot.
The Eclipse Tower, has already received approval from Dubai's RERA (Real Estate Regulatory Authority) and has an escrow account with Emirates Islamic Bank.
Social BookmarkingThe project, which covers a gross built-up area of 350,000 square feet, with an additional 55,000 square feet of retail space, will also feature a sky golf course."This is a record of sorts. Dubai has never experienced a sky golf course, featuring bunkers, water hazards and pioneering water management system that maintains the golf course with minimal wastage of water," said Ebrahim, the General Manager of AAA.
The project also introduces another new concept in Dubai, wherein, the moment investors buy an office in the tower, they will be able to move into a fully furnished office. In the normal course projects, on the other hand, businesses will have to wait for two to three years before the keys of their office are handed over. The company aims to introduce a paradigm shift in the realty industry this way.
Featuring high standard modern amenities that promote both convenient and professional business standards, it also includes options for relaxation after the hectic working hours. The officer offer stunning views of the canal within the Jumeirah Village South, while the five high-speed elevators carry employees to their respective offices in a fast and comfortable manner. The golf course in the tower is the first-of-its-kind to be built in a commercial office tower in Dubai, which offers clients and businessmen a unique working environment.
Ideally located amongst the major roads in Dubai - the emirates road and Al Khail Road, the commuters no doubt will be benefited from the new metro too, which links the Dubai International Airport to its new residential development. The prime location is sure to attract foreign investors who further promote the growth of Dubai's currently blossoming economy.
Construction of the project is likely to commence by end of September 2008, and will be complete by end of 2010.
The sales of the tower will be launched within the next few months at the rate of Dh.1600 per square foot.
The Eclipse Tower, has already received approval from Dubai's RERA (Real Estate Regulatory Authority) and has an escrow account with Emirates Islamic Bank.
Labels: Business Tower, Jumeriah Village, Office Space
Foundation stone laid for Hydra Twin Towers Project at Jumeirah
Thursday, April 24, 2008
The foundation stone for Hydra Twin Towers Project at Jumeirah Village in Dubai has been laid by Dr. Sulaiman Al-fahim, the Chief Executive Officer of Hydra Properties.The first phase of work is likely to be complete by September this year.
The Hydra Properties Twin Tower comprises two residential towers, each of which comprises 32 storey each. Other project amenities include spacious car parkings, spas, shops, gymnasiums, community center, promenades, sports pitches, jogging trails, scenic cycling, schools, clinics, private gardens, restaurants, luxury cafes and other luxurious amenities.
The Hydra Properties Twin Towers are an exclusive community meant for luxury lifestyle, rendering tranquility and comfort.
"We are proud to lay the foundation stone, which marks the commencement of the prestigious project. We, at Hydra, are pleased with the progress of our work, which reflects the commitment of the company in providing superior quality developments. The coming period will witness the beginning of works and construction of many previously announced projects of Hydra Properties," said Dr. Al Fahim.
Labels: Community, Jumeriah Village, Luxury Homes, Residential
DEC launches Garden Heights and HQ at Jumeirah Village
Monday, March 10, 2008
Dheeraj and East Coast (DEC) has launched two new projects, Garden Heights and HQ, worth more than Dh.700mn at Jumeirah Village. With this, the total DEC investment in Jumeirah Village crosses Dh.1bn.
The latest five-phased development by Deeraj and East Coast in Jumeirah Village, 'The Lawn' is built with an investment worth more than Dh.300 million.
The Managing Director of DEC, Dheeraj Wadhawan, said "The new projects are prompted by the strong investor enthusiasm shown towards our previous projects at Jumeirah Village , 'The Lawns', with 100 percent of the project being sold out."
The Garden Heights, worth Dh.300 million, is a freehold residential project. The ground floor is entirely dedicated as a retail space. Spanning over a built-up area of 231,000 square feet of space, the development include four floors on basement parking and 24 floors of mixed-use space.
The development comprises 280 residential units in a two storey building, which includes 31 three bedroom duplexes, 36 two bedroom apartments, 65 single bedroom apartments and 146 studios.
The HQ, worth Dh.400mn is a commercial project, covering a built-up area of 300,000 square feet.
Available at a competitive price, both the developments are scheduled for completion by 2011.
DEC has 18 upcoming projects in Dubai, worth more than Dh.4.5billion, as on date.
Social BookmarkingThe latest five-phased development by Deeraj and East Coast in Jumeirah Village, 'The Lawn' is built with an investment worth more than Dh.300 million.
The Managing Director of DEC, Dheeraj Wadhawan, said "The new projects are prompted by the strong investor enthusiasm shown towards our previous projects at Jumeirah Village , 'The Lawns', with 100 percent of the project being sold out."
The Garden Heights, worth Dh.300 million, is a freehold residential project. The ground floor is entirely dedicated as a retail space. Spanning over a built-up area of 231,000 square feet of space, the development include four floors on basement parking and 24 floors of mixed-use space.
The development comprises 280 residential units in a two storey building, which includes 31 three bedroom duplexes, 36 two bedroom apartments, 65 single bedroom apartments and 146 studios.
The HQ, worth Dh.400mn is a commercial project, covering a built-up area of 300,000 square feet.
Available at a competitive price, both the developments are scheduled for completion by 2011.
DEC has 18 upcoming projects in Dubai, worth more than Dh.4.5billion, as on date.
Labels: Freehold Property, Jumeriah Village, New Developments
Sternon Group to launch their first mixed-use project in Dubai
Tuesday, March 04, 2008
The Dubai-based Sternon Group, involved in the local and international property market for the past twenty years, has announced their plan to develop real estate projects in Dubai, worth Dh.300mn.
The Sternon Developers, the new arm of the group, will implement a series of mixed-use projects across Dubai during the next couple of months.
Their first project 'Sternon Tower' will be a mixed-use development in the Jumeirah Village South, in close proximity to the Dubai Autodrome. The construction of the 16-storey development will commence in June 2008. The tower will house residential units with studio, single, double and triple bedroom apartments, apart from penthouses, retail segments and offices with high-end amenities and world-class construction standards. The units will be freehold, and will be accompanied by a residence visa.
"Sternon, has so far focused only on underwriting and promoting properties of other developers in Dubai, but now, we plan to develop our own real estate projects, backed by our expertise in implementing high-end commercial and residential projects in United States and India," said Hussaini Nalwalla, Managing Director.
He mentioned that the robust real estate growth in Dubai is a true reflection of the amazing vibrancy of Dubai, and nearly 35 percent of growth is expected annually. The appreciation in value of projects in Dubai that have been promoted by Sternon, has prompted the company to enter into full-fledged property development.
The Sternon Tower in Dubai, which will commence construction in June this year, will be ready by December 2009.
Labels: Freehold Property, Jumeriah Village, Real Estate Projects
Sobha Group breaks ground for their 'Daffodil' project in Dubai
Saturday, February 23, 2008
Leading Indian real estate developer, Sobha Group, has broken ground for its first residential development, the 'Sobha Daffodil' in Dubai.
Located in Jumeirah Village, the Sobha Daffodil comprises 178 apartments, ranging from studios to three bedrooms. The four and ten storey complex offers a contemporary living environment featuring a roof top garden, large temperature-controlled swimming pool, and a Club House which is completely equipped.
Followed by the ground breaking, building work has commenced on Sobha Daffodil at Jumeirah Village.
The Vice-Chairman of the group, Ajay Rajendran said "Sobha Daffodil marks our foray into residential real estate market in the Middle East. We are pleased to celebrate its ground breaking today. Now that construction has begun, we shall work continuously to ensure timely completion of the project. This is our pledge to all buyers, who are keen on taking delivery of their new homes."
Sobha is striving to ensure that its families would have their home in 'Sobha Daffodil' before end of 2009.
The Sobha Group is on its way to announce a regional portfolio of more than Dh.3.5bn towards mid-2008, including a range of residential and commercial properties at prime locations in Dubai.
Social BookmarkingLocated in Jumeirah Village, the Sobha Daffodil comprises 178 apartments, ranging from studios to three bedrooms. The four and ten storey complex offers a contemporary living environment featuring a roof top garden, large temperature-controlled swimming pool, and a Club House which is completely equipped.Followed by the ground breaking, building work has commenced on Sobha Daffodil at Jumeirah Village.
The Vice-Chairman of the group, Ajay Rajendran said "Sobha Daffodil marks our foray into residential real estate market in the Middle East. We are pleased to celebrate its ground breaking today. Now that construction has begun, we shall work continuously to ensure timely completion of the project. This is our pledge to all buyers, who are keen on taking delivery of their new homes."
Sobha is striving to ensure that its families would have their home in 'Sobha Daffodil' before end of 2009.
The Sobha Group is on its way to announce a regional portfolio of more than Dh.3.5bn towards mid-2008, including a range of residential and commercial properties at prime locations in Dubai.
Labels: Construction Projects, Jumeriah Village, Residential
Diamond Views in Jumeirah Village progresses on schedule
Saturday, December 08, 2007
Diamond Developers, a new class of property developers in Dubai, have announced both projects, Diamond Views 1 and Diamond Views 2, which are progressing as per the planned schedule during the construction phase.
Diamond Views, the Dh.1bn project, located in South Jumeirah village, features town houses and residential buildings. The buildings offer four different kinds of spacious studios, eighty types of single bedrooms apartments, and three types of double bedrooms apartments. The townhouses offer a selection of two, three and four bedrooms.
Ideally positioned in Jumeirah Village, the Diamond Views offers its residents all the amenities that define Dubai's standard way of living, featuring parks, sports courts and tracks, shopping, fine dining, movies, countless night life choices and more.
The shoring and excavation works have been completed, and currently, Diamond Views 1 is at the stage of townhouses foundation up to tie beams. The construction of first phase of Diamond Views 2 began during early part of this year.
The shoring, excavation, dewatering and foundation works is being handled by Jeet Contracting. The expected completion date for first two phases is December 2008.
Social Bookmarking
Diamond Views, the Dh.1bn project, located in South Jumeirah village, features town houses and residential buildings. The buildings offer four different kinds of spacious studios, eighty types of single bedrooms apartments, and three types of double bedrooms apartments. The townhouses offer a selection of two, three and four bedrooms.Ideally positioned in Jumeirah Village, the Diamond Views offers its residents all the amenities that define Dubai's standard way of living, featuring parks, sports courts and tracks, shopping, fine dining, movies, countless night life choices and more.
The shoring and excavation works have been completed, and currently, Diamond Views 1 is at the stage of townhouses foundation up to tie beams. The construction of first phase of Diamond Views 2 began during early part of this year.
The shoring, excavation, dewatering and foundation works is being handled by Jeet Contracting. The expected completion date for first two phases is December 2008.
Labels: Construction Projects, Jumeriah Village, Townhouses
Al Fara'a kick-starts construction of Manhattan Apartments at Jumeirah
Wednesday, October 31, 2007
Al Fara'a Properties recently held the ground breaking ceremony to mark the commencement of construction works of their Dh.353mn Manhattan Luxury Apartments in Jumeirah Village.
The groundbreaking ceremony was conducted just after the successful launch of Manhattan Luxury Apartments at the recent Cityscape Dubai 2007, when the project generated considerable buyer interest, with more than 72 percent of the project, being sold out.
The construction contract for the luxury apartments has been handed over to Al Fara'a General Contracting Company (AFGCO) and their team of qualified professionals. AFGCO has a successful history of more than 26 years in implementing projects around UAE, such as the Al Attar Tower, Rotana Hotel, and the Sheikh Mansoor bin Zayed Tower, among others.
Alongside the sidelines of groundbreaking ceremony, Al Fara'a Properties has registered for an Escrow Account with Emirates Islamic Bank, in compliance with regulations stipulated by Dubai Land Department.
The Manhattan Luxury Apartments draws inspiration from the 1930's urban residences of New York, comprising 355 elegant units with a classic selection of studio, single, double and triple bedroom apartments. These apartments, coupled with the stunning landscapes of Jumeirah Village, have been so designed to include well-planned master bedrooms, generous walk-in closets, beautifully appointed bathrooms, and spacious and comfortable interiors with distinctive accent lighting. The other amenities within the complex include state-of-the-art gymnasium, a swimming pool with sauna and steam facilities, and children play area.
The General Manager for AFGCO, Ahmad Maarouf said "Our vast experience in construction business has provided us with utmost confidence in handling a high-profile project like Manhattan Apartments. The strength of our expertise will ensure that we live up to our reputation of delivering quality work within prescribed time frame."
The company has committed that the works would be complete within 24 months, towards end of 2009.
Social BookmarkingThe groundbreaking ceremony was conducted just after the successful launch of Manhattan Luxury Apartments at the recent Cityscape Dubai 2007, when the project generated considerable buyer interest, with more than 72 percent of the project, being sold out.The construction contract for the luxury apartments has been handed over to Al Fara'a General Contracting Company (AFGCO) and their team of qualified professionals. AFGCO has a successful history of more than 26 years in implementing projects around UAE, such as the Al Attar Tower, Rotana Hotel, and the Sheikh Mansoor bin Zayed Tower, among others.
Alongside the sidelines of groundbreaking ceremony, Al Fara'a Properties has registered for an Escrow Account with Emirates Islamic Bank, in compliance with regulations stipulated by Dubai Land Department.
The Manhattan Luxury Apartments draws inspiration from the 1930's urban residences of New York, comprising 355 elegant units with a classic selection of studio, single, double and triple bedroom apartments. These apartments, coupled with the stunning landscapes of Jumeirah Village, have been so designed to include well-planned master bedrooms, generous walk-in closets, beautifully appointed bathrooms, and spacious and comfortable interiors with distinctive accent lighting. The other amenities within the complex include state-of-the-art gymnasium, a swimming pool with sauna and steam facilities, and children play area.
The General Manager for AFGCO, Ahmad Maarouf said "Our vast experience in construction business has provided us with utmost confidence in handling a high-profile project like Manhattan Apartments. The strength of our expertise will ensure that we live up to our reputation of delivering quality work within prescribed time frame."
The company has committed that the works would be complete within 24 months, towards end of 2009.
Labels: Apartments, Construction Projects, Jumeriah Village, Luxury Homes, Real Estate Company
Sobha Group launches first luxury residential project Sobha Daffodil at Jumeirah Village
Tuesday, October 23, 2007
The Sobha Group, a renowned Indian real estate development firm, delivering international quality products, has announced the launch of Sobha Daffodil, their first residential project, at Jumeirah Village in Dubai.
Sobha Daffodil consists of a four storey front block and ten storey rear block comprising 178 apartments. Sobha Daffodil offers a range of studios, single, double and triple bedroom apartments, all done up with high-quality finishes. Other recreational amenities here are the Barbeque area, the Club House, the Roof top, the Children's play area, the health club, gymnasium, Jacuzzi, a swimming pool, steam room, sauna and games room.
The Vice Chairman of Sobha Real Estate LLC, Ajay Rajendran, expressing his happiness over the launch of the company's first residential project in Dubai, stated that the Sobha Daffodil at the Jumeirah Village is expected to be another landmark addition to the Sobha portfolio, rendering high-quality lifestyle at the heart of New Dubai.
Social Bookmarking
Sobha Daffodil consists of a four storey front block and ten storey rear block comprising 178 apartments. Sobha Daffodil offers a range of studios, single, double and triple bedroom apartments, all done up with high-quality finishes. Other recreational amenities here are the Barbeque area, the Club House, the Roof top, the Children's play area, the health club, gymnasium, Jacuzzi, a swimming pool, steam room, sauna and games room.The Vice Chairman of Sobha Real Estate LLC, Ajay Rajendran, expressing his happiness over the launch of the company's first residential project in Dubai, stated that the Sobha Daffodil at the Jumeirah Village is expected to be another landmark addition to the Sobha portfolio, rendering high-quality lifestyle at the heart of New Dubai.
Labels: Apartments, Jumeriah Village, New-Dubai, Residential
Al Fara'a to launch apartment complex 'The Manhattan' at Jumeirah Village
Wednesday, October 17, 2007
The subsidiary of Al Fara'a Construction Group, Al Fara'a Properties, has announced plans to launch the Dh.353mn luxury apartment complex, 'The Manhattan', at the Jumeirah Village, during the coming Cityscape Dubai 2007.
This latest venture by Al Fara'a Properties is coincidental with their participation at Cityscape Dubai, the largest real estate event pertaining to investments and developments in the region, due to be held between the 16th and 18th of October, 2007 at the Dubai International Exhibition Center.
The developer is also expected to reveal details about their partnership with the Abu Dhabi Commercial Bank (ADCB) and the Emirates Islamic Bank (EIB), wherein investors get to avail their flexible payment plans with a maximum of 90% finance.
'The Manhattan' in Jumeirah Village draws inspiration from the urban residence during 1930's in New York, with about 355 elegant units, comprising studio, single bedroom, double bedrooms and triple bedroom apartments with high-end finishing, in a variety of styles.
The Chairman and Managing Director of Al Fara'a Construction Group, Gangaramani, said "This is a premium site easily accessible to Dubai Commercial Centers and other finest attractions. 'The Manhattan' will live up to our corporate ethos, while also building excellence through partnerships, offering urban convenience, privacy, luxury and access to first-class road networks, amenities and planned Dubai metro."
The Jumeirah Village is a luxurious and secure community with a wide range of facilities for leisure and retail, which includes, clubs, schools, medical centers, sports, promenades, parks, scenic trails, gardens and tranquil waterways, all located at the core of Dubai's commercial district.
Al Fara'a Properties brings with them solid 27 years of expertise in offering quality-bound construction solutions in UAE, apart from indulging in leasing, property purchase and sales, development and management, investment portfolio, corporate client consultancy and facilities management.
Social Bookmarking
This latest venture by Al Fara'a Properties is coincidental with their participation at Cityscape Dubai, the largest real estate event pertaining to investments and developments in the region, due to be held between the 16th and 18th of October, 2007 at the Dubai International Exhibition Center.The developer is also expected to reveal details about their partnership with the Abu Dhabi Commercial Bank (ADCB) and the Emirates Islamic Bank (EIB), wherein investors get to avail their flexible payment plans with a maximum of 90% finance.
'The Manhattan' in Jumeirah Village draws inspiration from the urban residence during 1930's in New York, with about 355 elegant units, comprising studio, single bedroom, double bedrooms and triple bedroom apartments with high-end finishing, in a variety of styles.
The Chairman and Managing Director of Al Fara'a Construction Group, Gangaramani, said "This is a premium site easily accessible to Dubai Commercial Centers and other finest attractions. 'The Manhattan' will live up to our corporate ethos, while also building excellence through partnerships, offering urban convenience, privacy, luxury and access to first-class road networks, amenities and planned Dubai metro."
The Jumeirah Village is a luxurious and secure community with a wide range of facilities for leisure and retail, which includes, clubs, schools, medical centers, sports, promenades, parks, scenic trails, gardens and tranquil waterways, all located at the core of Dubai's commercial district.
Al Fara'a Properties brings with them solid 27 years of expertise in offering quality-bound construction solutions in UAE, apart from indulging in leasing, property purchase and sales, development and management, investment portfolio, corporate client consultancy and facilities management.
Labels: Apartments, Cityscape, Jumeriah Village, Luxury Homes, New Developments
Le Grand Chateau from Al Fara'a Properties meets hundred percent sales
Saturday, October 06, 2007
The flagship subsidiary, Al Fara'a Properties, of the Al Fara'a Construction Group, has announced hundred percent sale of its signature project Le Grand chateau, worth Dh.225million. Al Fara'a is progressing as scheduled and is expected to be delivered in the last quarter of 2008, thereby being the first to deliver a project in Jumeirah Village.
This success by Al Fara's group comes at the right time, when the region has been witnessing unparalleled growth in real estate developments, says Gangaramani, the MD and CEO of Al Fara'a Construction Group.
"Dubai has developed into a major tourist destination in Middle East with 2100 construction projects being planned or under construction across the Gulf, touching $1.5trillion mark in value. Hence, keeping our developments apart in terms of timely delivery, service and quality and value are the major factors behind the success of Al Fara'a Properties," says Gangaramani.
Le Grand Chateau is much sought-after, due to its ideal location at the heart of Jumeirah Village Community, adjacent to green belt, and its timeless architectural splendor that depicts the 16th Century Chateaux of the Loire Valley in France.
This success by Al Fara's group comes at the right time, when the region has been witnessing unparalleled growth in real estate developments, says Gangaramani, the MD and CEO of Al Fara'a Construction Group.
"Dubai has developed into a major tourist destination in Middle East with 2100 construction projects being planned or under construction across the Gulf, touching $1.5trillion mark in value. Hence, keeping our developments apart in terms of timely delivery, service and quality and value are the major factors behind the success of Al Fara'a Properties," says Gangaramani.
Le Grand Chateau is much sought-after, due to its ideal location at the heart of Jumeirah Village Community, adjacent to green belt, and its timeless architectural splendor that depicts the 16th Century Chateaux of the Loire Valley in France.
The development consist of luxurious four bedroom G+2 townhouses, and an apartment block with 185 studios, single, double and triple bedroom apartments, overlooking the landscaped courtyard.
Labels: Dubai Real Estate, Jumeriah Village, Real Estate Company, Sales, Studios, Townhouses
Bavaria launches its Sandoval townhouses in Jumeirah Village
Thursday, September 13, 2007
Bavaria Gulf, a German boutique developer, has revealed the launch of Phase I of its first realty project in the Emirate, the Sandoval Townhouses, at Jumeirah Village. This project signals the German firm's foray into the Dubai property sector.
The Chairman of Bavaria Gulf, Dr. Shahriar Daneshoo, mentioned that the under-explored mid-segment in Dubai has high potential and continued buoyancy and that the property sector is sure to witness twice or thrice the current growth during the next five to seven years.
He continued to add that the properties in Dubai are moderately priced as against those in other international cities, and hence one can expect a constant appreciation in property prices during the coming years.
As revealed by him, the Phase I of the Bavaria Gulf's project will comprise of 36 townhouses. The second and third phases include a total of 260 apartments, which will be announced later during the year. Each of the 36 scrupulously designed townhouses will be separately TUeV-certified. TUeV is one of the most independent and trusted quality evaluators in the world.
The approximate price for the residential units will begin fromDh.1.88 million.
Raymond Lefevre, the Bavaria Gulf General Manager explained that Sandoval, being one of the best developments in Jumeirah Village, the company plans to introduce the stringent German standards to the region, at an affordable price, particularly targeting the mid-segment market in Dubai.
Features
Each of the Sandoval homes are expected to have original German/European brands as fittings and appliances. The homeowners will also get the opportunity to choose from the custom-designed interiors. Certain additional features include shaded balconies, extra storage space, and walk-in wardrobes. Only insulated building material will be used for saving energy. The houses will be provided with bay windows and sunlight shaft so as to ensure that the natural light provides a bright and spacious ambience.
Social Bookmarking
The Chairman of Bavaria Gulf, Dr. Shahriar Daneshoo, mentioned that the under-explored mid-segment in Dubai has high potential and continued buoyancy and that the property sector is sure to witness twice or thrice the current growth during the next five to seven years.He continued to add that the properties in Dubai are moderately priced as against those in other international cities, and hence one can expect a constant appreciation in property prices during the coming years.
As revealed by him, the Phase I of the Bavaria Gulf's project will comprise of 36 townhouses. The second and third phases include a total of 260 apartments, which will be announced later during the year. Each of the 36 scrupulously designed townhouses will be separately TUeV-certified. TUeV is one of the most independent and trusted quality evaluators in the world.
The approximate price for the residential units will begin fromDh.1.88 million.
Raymond Lefevre, the Bavaria Gulf General Manager explained that Sandoval, being one of the best developments in Jumeirah Village, the company plans to introduce the stringent German standards to the region, at an affordable price, particularly targeting the mid-segment market in Dubai.
Features
- Family friendly designed floorplans
- 2 bedroom and 3 bedroom townhouses
- Extra maid and family room
- Original German brands and products
- Energy saving green concept
- Sizes from 2,747 sq.ft. to 4,157 Sq.ft.
- Independent German quality control with quality certificate for each unit
- Choice of custom design interiors
Each of the Sandoval homes are expected to have original German/European brands as fittings and appliances. The homeowners will also get the opportunity to choose from the custom-designed interiors. Certain additional features include shaded balconies, extra storage space, and walk-in wardrobes. Only insulated building material will be used for saving energy. The houses will be provided with bay windows and sunlight shaft so as to ensure that the natural light provides a bright and spacious ambience.
Labels: Jumeriah Village, New Developments, Townhouses
Bavaria Gulf to launch its first project in Dubai Jumeirah Village
Wednesday, August 22, 2007
Bavaria Gulf, a German boutique property developer, has announced plans to begin its first real estate project in Jumeirah Village South, Dubai.
The company has already completed construction of about 1000 residential units, since its establishment, during the past twelve years. Since then, it has grown at an annual rate of 30 percent.
Being a boutique developer, it is well-known for providing home solutions ranging from apartments and condominiums to villas and gated communities.
All homes constructed by Bavaria Gulf in Germany, have been certified by TUeV, the most stringent certifications in the world.
Dr.Shahriar Daneshjoo, Bavaria Gulf Chairman said, "Through our focus on medium range developments, Bavaria Gulf, aims at contributing to the long-term vision of housing for all, as outlined in the Dubai strategic plan by H.H.Shaikh Mohammad bin Rashid Al MAktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai."
Dubai, being well positioned to reach the goal of being a leading Arab and global city, as per industry estimates, the total value of real estate projects in Dubai, will touch $230billion. Also, as per predictions, demand will foresee supply, despite the supply of 175,000 residential units by the year 2010. This by-itself provides enough scope for a company like Bavaria Gulf, which engages in a range of home solutions, said Dr. Shahriar.
The Bavaria Gulf has already been well-accepted in Europe. Dubai is the global headquarters of Bavaria Gulf.
Social BookmarkingThe company has already completed construction of about 1000 residential units, since its establishment, during the past twelve years. Since then, it has grown at an annual rate of 30 percent.
Being a boutique developer, it is well-known for providing home solutions ranging from apartments and condominiums to villas and gated communities.
All homes constructed by Bavaria Gulf in Germany, have been certified by TUeV, the most stringent certifications in the world.
Dr.Shahriar Daneshjoo, Bavaria Gulf Chairman said, "Through our focus on medium range developments, Bavaria Gulf, aims at contributing to the long-term vision of housing for all, as outlined in the Dubai strategic plan by H.H.Shaikh Mohammad bin Rashid Al MAktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai."
Dubai, being well positioned to reach the goal of being a leading Arab and global city, as per industry estimates, the total value of real estate projects in Dubai, will touch $230billion. Also, as per predictions, demand will foresee supply, despite the supply of 175,000 residential units by the year 2010. This by-itself provides enough scope for a company like Bavaria Gulf, which engages in a range of home solutions, said Dr. Shahriar.
The Bavaria Gulf has already been well-accepted in Europe. Dubai is the global headquarters of Bavaria Gulf.
Labels: Jumeriah Village, New Developments, Real Estate Company
Al Tajir announces financing options for Fotunato investors
Thursday, August 16, 2007
A leading real estate specialist in Dubai, Al Tajir Real Estate, has announced tie-up with the Dubai Islamic Bank (DIB) for offering Sharjah-compliant financing options to potential investors in Fortunato, their new property that was launched in May 2007.
The Fortunato is a self-sustained development at the Jumeirah-Village South. The construction work of the community is expected to begin in September this year, and will be complete by mid-2009.
The Chairman of Al Tajir Real Estate, Haytham Al Tajir, mentioned that Al Tajir's partnership with DIB will help customers with many financing options to choose from.
He mentioned that so far, the response for the new project, Fortunato has been excellent and eighty percent of the 320 units that were launched, have been sold out. Al Tajir will shortly be one of the best residential communities in Dubai, he added.
Fortunato development, worth Dh.320 million, covers 637,86 square feet in area, and comprises studios, one and two bedroom and four bedroom apartments, and townhouses. The Fortunato Community, will be easily accessible to its neighbourhood parks, promenades, medical facilities, country club, health club, sporting facilities such as the tennis and foot ball courts, cricket pitch and community center.
Social BookmarkingThe Fortunato is a self-sustained development at the Jumeirah-Village South. The construction work of the community is expected to begin in September this year, and will be complete by mid-2009.
The Chairman of Al Tajir Real Estate, Haytham Al Tajir, mentioned that Al Tajir's partnership with DIB will help customers with many financing options to choose from.
He mentioned that so far, the response for the new project, Fortunato has been excellent and eighty percent of the 320 units that were launched, have been sold out. Al Tajir will shortly be one of the best residential communities in Dubai, he added.
Fortunato development, worth Dh.320 million, covers 637,86 square feet in area, and comprises studios, one and two bedroom and four bedroom apartments, and townhouses. The Fortunato Community, will be easily accessible to its neighbourhood parks, promenades, medical facilities, country club, health club, sporting facilities such as the tennis and foot ball courts, cricket pitch and community center.
Labels: Jumeriah Village, Mortgages, Real Estate Company, Residential
Aspire plans new series of projects
Wednesday, July 11, 2007
The Dubai-based leasing, property and sales management company, Aspire, plans to launch projects worth Dh.8billion during the next one year after a major restructuring.
The company launched Jehaan residential project, worth Dh.530 million in Jumeirah Village South, during January. The company also plans to launch series of new projects worth Dh.7 billion in the Jumeirah Village South and The World.
The company will split into three units to cover sales and marketing for its sophisticated projects, realty development and brokerage services. Aspire also plans to enter into a joint-venture with a Korean construction company to launch a new-look brand image and also to combat the high rates charged by contractors. Aspire also plans to begin it's own architecture firm soon.
Aspire's first major announcement is expected to be the launch of the first phase of multi-billion residential and hospitality project on The World development by Nakheel. In the coming two months, Aspire officially plans to launch sales of 200 townhouses and villas and is expected to announce the operator of a luxury hotel.
Aspire's Managing Director, Harshit Kantaria, said "The concept and infrastructure plans are already approved, and we are waiting for the green signal on unit designs. We intend to start construction in a year."
Kantaria mentioned that the residential project which the company plans to launch in Jumeirah Village South will be a thirty storey tower comprising 600 units and will soon be joined by six other similar towers, in case the market response is favourable after the initial launch, scheduled for August.
Kantaria said that residential projects are in strong demand from public, particularly the one-bedroom units and studios.
In the meanwhile, the strong demand for luxury properties in India could encourage Aspire launch projects outside its base in Dubai. Aspire considers Saudi Arabia also to be a potential target.
Social BookmarkingThe company launched Jehaan residential project, worth Dh.530 million in Jumeirah Village South, during January. The company also plans to launch series of new projects worth Dh.7 billion in the Jumeirah Village South and The World.
The company will split into three units to cover sales and marketing for its sophisticated projects, realty development and brokerage services. Aspire also plans to enter into a joint-venture with a Korean construction company to launch a new-look brand image and also to combat the high rates charged by contractors. Aspire also plans to begin it's own architecture firm soon.
Aspire's first major announcement is expected to be the launch of the first phase of multi-billion residential and hospitality project on The World development by Nakheel. In the coming two months, Aspire officially plans to launch sales of 200 townhouses and villas and is expected to announce the operator of a luxury hotel.
Aspire's Managing Director, Harshit Kantaria, said "The concept and infrastructure plans are already approved, and we are waiting for the green signal on unit designs. We intend to start construction in a year."
Kantaria mentioned that the residential project which the company plans to launch in Jumeirah Village South will be a thirty storey tower comprising 600 units and will soon be joined by six other similar towers, in case the market response is favourable after the initial launch, scheduled for August.
Kantaria said that residential projects are in strong demand from public, particularly the one-bedroom units and studios.
In the meanwhile, the strong demand for luxury properties in India could encourage Aspire launch projects outside its base in Dubai. Aspire considers Saudi Arabia also to be a potential target.
Labels: Jumeriah Village, Real Estate Company, Real Estate Projects
Al Tajir plans to introduce five projects worth Dh.1.5billion
Saturday, May 19, 2007
Al Tajir Real Estate, a new player in UAE’s growing property sector, is planning to launch five projects with a combined value worth Dh.1.5billion. Among these a minimum of four developments will be developed in Dubai. The company has already purchased lands for these projects.
Although a new comer, the owner of the company, Al Tajir, is of the opinion that his firm will soon be recognized in the property sector of the country. He also mentioned that the company has announced the construction of Waterfront Residences worth Dh.800million at Reem Island in Abu Dhabi, through their sister concern Empire International Investments.
Al Tajir Real Estate plans to unveil the sale of their low-rising project housing, Fortunato with 291 units, comprising apartments and townhouses and a development value of Dh.390million.
The project with a built-up area of 637,686 Sq.Ft., will have studios priced at an average value of Dh.295,000; a single bedroom priced at Dh.538,538 and a two bedroom with a price of approximately Dh.682,722. The townhouses with four bedrooms will be priced at Dh.2.2million.
Al Tajir mentioned that a lot of care has been paid to every details of the project. Though, in the best interest of the end-users, the prices are kept low, these are not cheap properties, he added.
The project planned at the Jumeirah Village South by the company is expected to reach completion by mid-2009.
Al Tajir plans to focus its attention in Dubai, while its sister concern Emirate would focus on international and regional developments. In future, Al Tajir plans to launch projects that include the hospitality and commercial components.
Al Tajir mentioned that the company is shortly expected to announce the launch of a luxury five star resort, and another commercial project.
Social BookmarkingAlthough a new comer, the owner of the company, Al Tajir, is of the opinion that his firm will soon be recognized in the property sector of the country. He also mentioned that the company has announced the construction of Waterfront Residences worth Dh.800million at Reem Island in Abu Dhabi, through their sister concern Empire International Investments.
Al Tajir Real Estate plans to unveil the sale of their low-rising project housing, Fortunato with 291 units, comprising apartments and townhouses and a development value of Dh.390million.
The project with a built-up area of 637,686 Sq.Ft., will have studios priced at an average value of Dh.295,000; a single bedroom priced at Dh.538,538 and a two bedroom with a price of approximately Dh.682,722. The townhouses with four bedrooms will be priced at Dh.2.2million.
Al Tajir mentioned that a lot of care has been paid to every details of the project. Though, in the best interest of the end-users, the prices are kept low, these are not cheap properties, he added.
The project planned at the Jumeirah Village South by the company is expected to reach completion by mid-2009.
Al Tajir plans to focus its attention in Dubai, while its sister concern Emirate would focus on international and regional developments. In future, Al Tajir plans to launch projects that include the hospitality and commercial components.
Al Tajir mentioned that the company is shortly expected to announce the launch of a luxury five star resort, and another commercial project.
Labels: Al Reem Island, Jumeriah Village, New Developments, Real Estate Projects, Water front