Cirrus announces launch of Aquarius Gate
Tuesday, April 08, 2008
Cirrus has announced plans to launch Aquarius Gate, a Dh.3billion mixed-use project at Nakheel's Waterfront Development.
The development will be the first one at the waterfront to house commercial and residential units, apart from also being the first to have an approval for operational trust account from Nakheel, and also the first to gain approval to sell properties from the Dubai Land Department.
Aquarius Gate is a mixed-use development comprising residential and commercial units at Madinat Al Arab, in the heart of Dubai. The beachfront community in the Waterfront will be adjacent to the beaches, a Metro-station, restaurants, shops, parks and other amenities. One side of the development will feature an art wall, which depicts the various Islamic cultures from around the world.
The commercial tower of the development offers panoramic views of the Arabian Gulf and the Palm Jebel Ali from its 29 storeys. The residential tower, on the other hand, offers views across the Marina, the Canal and the Palm Jebel Ali. The residential tower will include single, double and triple bedroom units, apart from townhouses.
Aquarius Gate is the second major development by Cirrus in Dubai. The Celestial Heights in Downtown Jebel Ali was the first. The Waterfront, located along the western shores of Dubai, will transform the 1.4bn square feet of empty desert and sea, into an international community. It will serve an estimated 1.5mn population and will be twice the size of Hong Kong.
The development will be the first one at the waterfront to house commercial and residential units, apart from also being the first to have an approval for operational trust account from Nakheel, and also the first to gain approval to sell properties from the Dubai Land Department.
Aquarius Gate is a mixed-use development comprising residential and commercial units at Madinat Al Arab, in the heart of Dubai. The beachfront community in the Waterfront will be adjacent to the beaches, a Metro-station, restaurants, shops, parks and other amenities. One side of the development will feature an art wall, which depicts the various Islamic cultures from around the world.
The commercial tower of the development offers panoramic views of the Arabian Gulf and the Palm Jebel Ali from its 29 storeys. The residential tower, on the other hand, offers views across the Marina, the Canal and the Palm Jebel Ali. The residential tower will include single, double and triple bedroom units, apart from townhouses.
Aquarius Gate is the second major development by Cirrus in Dubai. The Celestial Heights in Downtown Jebel Ali was the first. The Waterfront, located along the western shores of Dubai, will transform the 1.4bn square feet of empty desert and sea, into an international community. It will serve an estimated 1.5mn population and will be twice the size of Hong Kong.
Labels: Community, Madinat-Al-Arab, Residential, Water front
Nakheel announces the handover of land at Madinat Al Arab
Friday, August 10, 2007
The Master Developer of Al Burj Real Estate, Nakheel, has announced that the handover of the first plots of the land will take place at Madinat Al Arab, in August this year.
The company had purchased seventy percent of the Phase I plots of the Madinat Al Arab worth AED 7 billion, making it the biggest investor in the development. The waterfront plots will be developed into districts comprising 10 to 50 storey buildings for resort, commercial and residential use. Nakheel is currently in the process of developing the infrastructure work of Madinat Al Arab, which will continue in parallel to the construction by other developers.
The Vice Chairman of Al Burj Real Estate, Abdul Rahim Al Zarooni said "We are proud to announce the handover of the first plots of the lands at Madinat Al Arab by Nakheel, which marks a significant development during our second year of operations. Out investments in Madinat Al Arab are inline with the strong demand in the real estate sector, which is limited to waterfront developments, in particular."
Al Burj Real Estate, is one of the biggest real estate investment companies in the region, with a net profit of AED 935million during of 2006. Madinat Al Arab project continues to generate huge demand from developers and investor alike. The project has drawn great interest from investors and developers alike and is competitively priced.
Madinat Al Arab will stretch along the natural beach front of Dubai, that borders Abu Dhabi and new Dubai, next to Jebel Ali Free Zone, the largest airport in the world. The downtown comprises of all key components of the masterplan with commercial, residential, mixed-use and amenity and resort zones.
Social BookmarkingThe company had purchased seventy percent of the Phase I plots of the Madinat Al Arab worth AED 7 billion, making it the biggest investor in the development. The waterfront plots will be developed into districts comprising 10 to 50 storey buildings for resort, commercial and residential use. Nakheel is currently in the process of developing the infrastructure work of Madinat Al Arab, which will continue in parallel to the construction by other developers.
The Vice Chairman of Al Burj Real Estate, Abdul Rahim Al Zarooni said "We are proud to announce the handover of the first plots of the lands at Madinat Al Arab by Nakheel, which marks a significant development during our second year of operations. Out investments in Madinat Al Arab are inline with the strong demand in the real estate sector, which is limited to waterfront developments, in particular."
Al Burj Real Estate, is one of the biggest real estate investment companies in the region, with a net profit of AED 935million during of 2006. Madinat Al Arab project continues to generate huge demand from developers and investor alike. The project has drawn great interest from investors and developers alike and is competitively priced.
Madinat Al Arab will stretch along the natural beach front of Dubai, that borders Abu Dhabi and new Dubai, next to Jebel Ali Free Zone, the largest airport in the world. The downtown comprises of all key components of the masterplan with commercial, residential, mixed-use and amenity and resort zones.
Labels: Latest News, Madinat-Al-Arab, Nakheel, Water front
