Plus Properties launches Beirut Towers -luxury residential development
Thursday, July 10, 2008
A $125m luxury residential development, Beirut Towers, has been launched by the Dubai-based developer, Plus Properties, within the International Media Production Zone of TECOM. The project comprises of two towers - Verdun and Ashrafieh with 23 Storey each.
Designed by Agostine & Rafael, a renowned consultancy firm, drawing inspiration from the Lebanese culture and heritage, the floors of bot the towers will be named after famous street in Verdun and Ashrafieh, two of the most prestigious residential neighborhoods in Beirut. The names of the floor in Verdun Tower being - Dunes, Bristol, Ain Tine, Koraytem, Verdun 730 and Verdun 732; while that in Ashrafieh Tower are Sursok, Sodeco, Sahet Sassine, Monot, and Abdl Wahab.
The towers feature studio, single and double bedroom apartments on single or duplex floors.
The CEO of Plus Properties, Georges Chehwane, mentioned that the project is an evocative of Lebanon, and is sure to provide residents of Dubai, particularly the Lebanese nationals, with a taste of Beirut.
The CEO of Plus Properties, Georges Chehwane, mentioned that the project is an evocative of Lebanon, and is sure to provide residents of Dubai, particularly the Lebanese nationals, with a taste of Beirut.
A number of financing options have been placed before potential tenants by Plus Properties, including the use of escrow accounts.
The dates of commencement of Construction and completion of the project are yet to be announced by the developer. TECOM is the master developer of the project.
The residents can also gain access to major road networks such as Emirates Road, Sheikh Zayed Road, Al Khail Road, and landmarks like Dubai Knowledge Village, Dubai Media City, Mall of Emirates, Dubai Sports City and the forthcoming Al Maktoum International Airport, due to the proximity of IMPZ to these locations and landmarks.
On completion, IMPZ, which will stretch over 43million Square Feet of land, would be a cluster of media and production companies, with the free zone housing commercial, industrial, and residential and community service project.
Beirut Towers has already drawn an overwhelming response from international and regional investors during the open house sales launch event, which was held on 1st of this month at the Jumeirah Beach hotel.
Labels: Luxury Homes, New Developments, Residential
Emaar Bawadi unveils Maysan Towers at Asmaran
Tuesday, July 01, 2008
Emaar Bawadi, the joint venture between Emaar Properties and Bawadi, has unveiled Maysan Towers, the first residential tower complex, comprising three high-rise apartment towers within Asmaran master-planned community in Bawadi, spreading 70million square feet.
The registered customers can purchase homes on a 'first come first served' basis on 30th June during a sales event held at the Asmaran Sales Center located on Al Qudra Road. The sales center will display a model two-bedroom apartment, so that homeowners get a picture of Maysan residential apartment experience. Several financial institutions have come forward offering easy home finance options.
Located just minutes away from the Bawadi Square, the Maysan Towers community is located in lush landscaped surroundings, with a range of lifestyle amenities and community services. Ample parking space is offered on three basement floors and four partial podium levels.
Designed in elegant Mediterranean style, the Maysan Community includes three residential towers of 30, 26 and 24 storeys each. Located within the entertainment and hospitality districts of Asmaran, the Maysan captures the dynamism of Bawadi Boulevard, Bawadi Square and retail and entertainment souk.
Maysan is also in close proximity to world-class hotels, including the world's largest hotel located in Bawadi. Residents get to enjoy amenities such as fully equipped gymnasium, swimming pools, children play area and games rooms, apart from underground parking and retail. The nine feet high ceilings in rooms add to the feeling of space and light, with all rooms having tinted double glazed windows for comfort and privacy. The kitchen is equipped with bench-top ceramic, 4-burner electric hotplate, refrigerator and dishwasher.
The Chief Executive Officer of Bawadi, Arif Mubarak, commented that Asmaran is a path-breaking development, that brings an integrated lifestyle community, and the new apartment complex will be appealing to those who prefer a home in one of the most happening destinations in Dubai, but away from the regular bustle of the city.
The Managing Director of Emaar Bawadi, Issam Galadari, said that, Maysan Towers are the first residential apartments showcased at Asmaran, an integrated neighborhood that has established itself as a sought-after home destination. The Meysan residential tower emphasizes the development expertise of Emaar and Bawadi, two leading developers in Dubai.
Asmaran will be completed in phases, and after completion, it will be home to a population of 55,000, featuring family-oriented theme park, a mall spreading across 3million Sq. ft., commercial space of 4mn Sq. Ft., more than 5300 serviced apartments, nine world-class restaurants, and a wide range of retail and leisure amenities.
Labels: Asmaran, Bawadi, Emaar, New Developments, Sales
Sweet Homes launches Dh1.3bn mixed-use luxury development in Ajman
Sunday, June 22, 2008
A leading UAE-based developer, Sweet Homes, has announced the launch of Dh.1.3billion development in Ajman.
The project includes seven commercial and residential towers, and 1504 villas and townhouses spread across 4m sq. ft., within the Dh.2.5billion 'Ajman Uptown' community development, which is likely to accommodate the first freehold residential villas in Ajman.
Sweet Homes will build five mixed-use luxury towers, including a 42,936 Sq. Mt. building - 'Heliconia', which comprises 352 studio, single and double bedroom flats, and 30 prime retail spaces on the ground floor. The other developments are the 'Iris' - a 22,741 sq. mt. development including 188 flats and 15 commercial spaces; 'Jatropha' - a 21,751 sq. mt. mid-rise structure including 184 residential and 14 commercial units; 'Kentia' - a 30,430 sq. mt. development with 224 residential flats, 28 business spaces; and 'Ludisia' - a 17,321 sq. mt. development with 148 apartments and 14 retail units.
Ajman Uptown will also include two office towers - 'Freesia' and 'Gardenia'. They will prove to be an ideal location for commercial and retail projects, accessible directly from the Emirates Road.
Spreading across 20,733 sqm, Freesia will house 152 offices and 13 showrooms, while 'Gardenia' which spreads across 26,619 sqm of space will have 212 offices and 16 showrooms. Both these towers will include a health club at rooftop, and basement parking facility.
The residential development will include amenities such as a healthcare center, school, fire fighting station, several mosques, health and recreation club, swimming pool, parks, shopping mall, retail shops, boutique offices, hotels, food courts all surrounded by a single 1.15km pedestrian pathway.
Social BookmarkingThe project includes seven commercial and residential towers, and 1504 villas and townhouses spread across 4m sq. ft., within the Dh.2.5billion 'Ajman Uptown' community development, which is likely to accommodate the first freehold residential villas in Ajman.
Sweet Homes will build five mixed-use luxury towers, including a 42,936 Sq. Mt. building - 'Heliconia', which comprises 352 studio, single and double bedroom flats, and 30 prime retail spaces on the ground floor. The other developments are the 'Iris' - a 22,741 sq. mt. development including 188 flats and 15 commercial spaces; 'Jatropha' - a 21,751 sq. mt. mid-rise structure including 184 residential and 14 commercial units; 'Kentia' - a 30,430 sq. mt. development with 224 residential flats, 28 business spaces; and 'Ludisia' - a 17,321 sq. mt. development with 148 apartments and 14 retail units.
Ajman Uptown will also include two office towers - 'Freesia' and 'Gardenia'. They will prove to be an ideal location for commercial and retail projects, accessible directly from the Emirates Road.
Spreading across 20,733 sqm, Freesia will house 152 offices and 13 showrooms, while 'Gardenia' which spreads across 26,619 sqm of space will have 212 offices and 16 showrooms. Both these towers will include a health club at rooftop, and basement parking facility.
The residential development will include amenities such as a healthcare center, school, fire fighting station, several mosques, health and recreation club, swimming pool, parks, shopping mall, retail shops, boutique offices, hotels, food courts all surrounded by a single 1.15km pedestrian pathway.
Labels: Ajman, Freehold Property, New Developments, Villa Projects
ICD unveils new iconic 36-storey mixed-use development One Za'abeel
Sunday, June 15, 2008
Investment Corporation of Dubai (ICD) has launched an iconic 36-storey mixed-use development One Za'abeel at the World Trade Center roundabout.
One Za'abeel has been rightly named, as it is strategic ally positioned between the old and new business districts in the Sheikh Zayed Road of Dubai. Comprising three separate towers, One Za'abeel will be interlinked at the top, and will share a common podium at the base. It is for the first time in the region that a highway will run through the development. One Za'abeel will offer easy access to both Metro stations.
The retail area, covering 270,000 square feet, will have a retail podium that connects the three towers at the ground level. One Zaabeel will have a car parking space for 2300 cars.
Construction of the project is likely to begin shortly and will be complete during early 2011. Due to its prime location on the Sheikh Zayed road, One Za'abeel will turn out to be a symbol of Dubai's rich trading roots, and will rapidly rise to be a modern international financial and business hub. One Za'abeel is planned such that it turns out to be an environment-friendly project, abiding by the green buildings initiative launched by Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and ruler of Dubai.
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One Za'abeel has been rightly named, as it is strategic ally positioned between the old and new business districts in the Sheikh Zayed Road of Dubai. Comprising three separate towers, One Za'abeel will be interlinked at the top, and will share a common podium at the base. It is for the first time in the region that a highway will run through the development. One Za'abeel will offer easy access to both Metro stations.
The unique residential tower will include 450 apartments, a 370-room five-star hotel tower, and a commercial tower covering 500,000 square feet of space. The commercial tower too, will be interlinked at the top with 133 serviced apartments, and will feature a swimming pool, meeting rooms and other amenities making it an ideal hub for Dubai's business community.
The retail area, covering 270,000 square feet, will have a retail podium that connects the three towers at the ground level. One Zaabeel will have a car parking space for 2300 cars.
Construction of the project is likely to begin shortly and will be complete during early 2011. Due to its prime location on the Sheikh Zayed road, One Za'abeel will turn out to be a symbol of Dubai's rich trading roots, and will rapidly rise to be a modern international financial and business hub. One Za'abeel is planned such that it turns out to be an environment-friendly project, abiding by the green buildings initiative launched by Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and ruler of Dubai.
Labels: Apartments, Business Tower, New Developments
Bawabat Al Sharq - mixed-use development unveiled in Abu Dhabi
Wednesday, May 14, 2008
Bawabat Al Sharq, a 108-hectare mixed-use development, worth Dh.2.2bn, has been launched by Bani Yas Investment and Development (BID) in Bani Yas City of Abu Dhabi.
The project which include residential, entertainment, retail and sporting amenities, also houses the new headquarters and sports amenities for Bani Yas Sports Club, including the FIFA-standard Football stadium, with a seating capacity of more than 20,000 spectators.
The Phase one of this project is likely to be complete towards early 2010.
Bawabat Al Sharq also features a 134,409 square meters shopping center, and a parking space for more than 2200 vehicles. It includes other amenities such as medical center, schools, health club, speciality training clubs, international hypermarket, 16 food court outlets, pharmacies, banks, cinemas and coffee shops.
The BID Chairman, Jawaan Al Khaili, says "Bawabat Al Sharq, apart from enhancing the leisure and tourism appeal of Bani Yas, will also offer a major impetus to the economy of the region."
The project which include residential, entertainment, retail and sporting amenities, also houses the new headquarters and sports amenities for Bani Yas Sports Club, including the FIFA-standard Football stadium, with a seating capacity of more than 20,000 spectators.
The Phase one of this project is likely to be complete towards early 2010.
Bawabat Al Sharq also features a 134,409 square meters shopping center, and a parking space for more than 2200 vehicles. It includes other amenities such as medical center, schools, health club, speciality training clubs, international hypermarket, 16 food court outlets, pharmacies, banks, cinemas and coffee shops.
The BID Chairman, Jawaan Al Khaili, says "Bawabat Al Sharq, apart from enhancing the leisure and tourism appeal of Bani Yas, will also offer a major impetus to the economy of the region."
Labels: Abu Dhabi, New Developments
Abyaar and Lacroix sign deals to build residential tower in Jumeirah
Monday, April 28, 2008
Abyaar, the property developer and Christian Lacroix, the designer have entered into a joint venture to build a residential tower in one of the most exclusive beachside suburbs of Dubai.
The 38-unit Jumeirah-based tower, offering wonderful views across Dubai's coastline, The Palm and Burj al Arab landmarks, will incorporate a Lacroix-designed façade, vast lobby and luxurious interiors.
Although Lacroix has worked on several Paris-based boutique hotel interiors, this is the first residential offering, wherein the designer has incorporated trademark blend of past and future.
The Vice-Chairman and Managing Director of Abyaar, Marzooq Al Rashdan, said "We approached Lacroix because he is well-known for his exceptional design and theatrical style, both on and off the catwalk. This marks the beginning of a long term partnership through which similar developments will be established in the region and beyond, placing Abyaar on top of luxury development map international."
Commenting on the development, Lacroix said "We are working on something special that will tell a fanciful Middle Eastern story. The interiors will be contemporary and baroque blend of West and East, new and old, inspired by folklore and history."
The designer will be sourcing and creating unique materials for the interior design. Lacroix has designed several hotels, interiors for the French chain of Gaumont cinemas, tramway cards and TGV trains.
Social BookmarkingThe 38-unit Jumeirah-based tower, offering wonderful views across Dubai's coastline, The Palm and Burj al Arab landmarks, will incorporate a Lacroix-designed façade, vast lobby and luxurious interiors.
Although Lacroix has worked on several Paris-based boutique hotel interiors, this is the first residential offering, wherein the designer has incorporated trademark blend of past and future.
The Vice-Chairman and Managing Director of Abyaar, Marzooq Al Rashdan, said "We approached Lacroix because he is well-known for his exceptional design and theatrical style, both on and off the catwalk. This marks the beginning of a long term partnership through which similar developments will be established in the region and beyond, placing Abyaar on top of luxury development map international."
Commenting on the development, Lacroix said "We are working on something special that will tell a fanciful Middle Eastern story. The interiors will be contemporary and baroque blend of West and East, new and old, inspired by folklore and history."
The designer will be sourcing and creating unique materials for the interior design. Lacroix has designed several hotels, interiors for the French chain of Gaumont cinemas, tramway cards and TGV trains.
Labels: Luxury Homes, New Developments
Iris launches its fourth project IRIS Asmar
Sunday, April 06, 2008
IRIS, the Dubai-based Indian property developer plans to boost its portfolio to Dh.5bn this year, through the launch of its latest project, 'IRIS Asmar', worth Dh.100million.
IRIS Asmar is a seven storey residential building in Cultural Village, which comprises eight triple-bedrooms and seven four bedroom apartments. This is the fourth project of the company in Dubai, which raises the current portfolio of the company to Dh.2.5bn.
'IRIS Asmar' is designed on the concept of Islamic Architecture, which will reflect the essence of Culture Village in terms of diversity and design, paying attention to detail. The tower symbolizes modern living, offering a panoramic view of Dubai. The special combination of privacy and space, coupled with exclusive finishes and unique synthesis of design and technology ensures that every apartment symbolizes perfection and a five-star lifestyle.
Located ideally in the heart of Culture Village, in close proximity to the Waterfront Canal, in close proximity to Dubai International Airport, Sheikh Zayed Road and Business Bay and Emirates Roads, the residents of IRIS Asmar get to enjoy paramount views of the waterfront development.
Among several other amenities at the complex, are high-speed internet facilities, ground floor retail space, advanced safety systems, high-speed elevators, 24-hour concierge, and access to Satellite Television, state-of-the-art fitness club, closed-circuit television, sauna, swimming pool, Jacuzzi, landscaped podium, and private parking spaces.
Each apartment within the property development feature private decorative latticed balconies, Arabian style gardens, rooftop swimming pools, and traditional Arabesque details with parapets and domes. The starting prices of apartments in Iris Asmar is Dh.2,835 per square foot, which is likely to go up to Dh.2,888 per square foot.
The Director, Iris Properties, Ashwin Sheth, says "With the fast-paced growth of the property market, the major concern is to find good contractors and consultants. Completion of project on time, is more challenging than selling the apartments."
He also revealed that two more projects are in pipeline, waiting to be launched this year. One is the launch of the development in Business Bay and Maritime City in April, which will increase the company's Dubai portfolio to Dh.5bn, spread across six projects, on four million square feet of land, including parking areas.
Labels: Apartments, Cultural-Village, New Developments, Residential
Emaar's Burj Park sales to commence on 5th April'08
Saturday, April 05, 2008
The Dubai-based property developer, Emaar Properties, has unveiled its premium Waterfront residential zone, the Burj Park, which is also the first of its kind in Downtown Burj Dubai.
Strategically located within a walking distance of 'Burj Dubai' and 'Dubai Mall', the Burj Park offers direct access to Park Island and Burj Lake Promenade, a 25-hectare park, located on an island that is accessible via the bridge walkway.
The sales of studios, single, and double bedroom apartments in the 50-storey Burj Park will commence on 5th April 2008 at the Downtown Living Sales Center, located within the Downtown Burj Dubai.
The Burj Park development redefines the lifestyle experience by blending the elegant views offered by the Park with state-of-the-art amenities. Most of the residences in the Park open to a panorama of water and greenery, including 'The Fountain' and world-class musical water feature, incorporating choreographed light, music and projection.
The Burj Park V also features non-classical architecture, together with modern décor, designed to collaborate between local and international architects.
The Emaar Properties Sales Director, Saif Al Mansoori, says "The Burj Park V is located in a prime destination offering impressive waterfront views to its residents. The central location within the thriving neighborhood, Downtown Burj Dubai, which has already gained recognition as a global investment destination, adds to the affluence of the community."
Potential investors are free to log on to http://www.emaar.com/ for more details or could contact their toll-free number at 800-EMAAR (800-36227).
Strategically located within a walking distance of 'Burj Dubai' and 'Dubai Mall', the Burj Park offers direct access to Park Island and Burj Lake Promenade, a 25-hectare park, located on an island that is accessible via the bridge walkway.
The sales of studios, single, and double bedroom apartments in the 50-storey Burj Park will commence on 5th April 2008 at the Downtown Living Sales Center, located within the Downtown Burj Dubai.
The Burj Park development redefines the lifestyle experience by blending the elegant views offered by the Park with state-of-the-art amenities. Most of the residences in the Park open to a panorama of water and greenery, including 'The Fountain' and world-class musical water feature, incorporating choreographed light, music and projection.
The Burj Park V also features non-classical architecture, together with modern décor, designed to collaborate between local and international architects.
The Emaar Properties Sales Director, Saif Al Mansoori, says "The Burj Park V is located in a prime destination offering impressive waterfront views to its residents. The central location within the thriving neighborhood, Downtown Burj Dubai, which has already gained recognition as a global investment destination, adds to the affluence of the community."
Potential investors are free to log on to http://www.emaar.com/ for more details or could contact their toll-free number at 800-EMAAR (800-36227).
Labels: Downtown, Emaar, Latest News, New Developments
ACI, Al Odaid deal signed to launch new development at Al Reem
Friday, April 04, 2008
ACI Real Estate, an affiliate of Alternative Capital Invest in Germany, has entered into a strategic partnership with Al Odaid Real Estate in Abu Dhabi, to launch a new development at Capital Bay on Abu Dhabi's Al Reem Island.
The development comprises five residential towers, all built on a single podium. Each tower will comprise about 17 to 22 storeys on a total built up area of 1.2 million square feet. Apart from this, the residents will have the opportunity to enjoy a plethora of state-of-the art amenities such as the gymnasiums, roof top pools and Jacuzzi.
Located along the northern shores of Abu Dhabi, The Al Reem Island is a natural paradise, anchored on the pristine blue waters of the Arabian Sea.
The Managing Director of ACI, Robin Lohmann, said "The partnership with Al Odaid opens a new chapter in our expansion across the UAE. Moving in to Abu Dhabi will not only add value to our portfolio, but, will also signify our commitment to align ourselves with industry leaders, who share our passion for innovative realty projects."
Social BookmarkingThe development comprises five residential towers, all built on a single podium. Each tower will comprise about 17 to 22 storeys on a total built up area of 1.2 million square feet. Apart from this, the residents will have the opportunity to enjoy a plethora of state-of-the art amenities such as the gymnasiums, roof top pools and Jacuzzi.
Located along the northern shores of Abu Dhabi, The Al Reem Island is a natural paradise, anchored on the pristine blue waters of the Arabian Sea.
The Managing Director of ACI, Robin Lohmann, said "The partnership with Al Odaid opens a new chapter in our expansion across the UAE. Moving in to Abu Dhabi will not only add value to our portfolio, but, will also signify our commitment to align ourselves with industry leaders, who share our passion for innovative realty projects."
Labels: Abu Dhabi, Al Reem Island, New Developments
Nakheel launches the tenth precinct of The Emirates
Tuesday, April 01, 2008
Nakheel has launched its final and tenth precinct at the residential district of International City, 'The Emirates'.
Construction has commenced early this year, and is likely to be complete by the third quarter of 2009.
The Emirates, based on traditional regional architecture, will feature 856 studios, 756 single bedroom residential units and 52 commercial units.
The internationally-themed communities in 'The Emirates' include England, France, China, Italy, Greece, Russia, Persia and Morocco.
The International City, which has been designed as an integrated multi-purpose development to meet the demand for affordable housing in Dubai, is expected to house 70,000 people towards end of 2008.
Labels: International City, Nakheel, New Developments
Nakheel's Waterfront City masterplan unveiled
Friday, March 14, 2008
Nakheel has unveiled the masterplan for Waterfront City, which forms the highlight of the world's largest urban development project, the Dubai Waterfront.Comprising a central island, surrounded by four other districts - the Resort, Madinat Al Soor, the Boulevard and the Marina, the Waterfront City will house a residential population of 92,000 and working population of 310,000 people. Spreading across 330 hectares of land, along the western coast of Dubai, the Waterfront Development will house approximately 1.5mn people.
The Waterfront City will house 144 high-rise towers that stretch more than 100 meters in height, and 45 percent of the area will be covered by residential sector, 33 percent will be allocated as office space, 11 percent for hotels, 6 percent for retail, and 5 percent for civic and culture, revealed Frank Konings, the Nakheel Project Director for Waterfront City.
The Central Island district forms the defining element in the design of the Waterfront City. It is a grid of five streets by five streets, leaving walkable distance between blocks, easing out the traffic flow within the city.
Maximum shading and climate control in the city can be obtained by building higher masses on the south side and making efficient use of wind flow for cooling. Each city block will have a line-up of arcades and trees.
The Managing Director of Nakheel, Matt Joyce, said "Waterfront City forms the centerpiece of the Waterfront development and the masterplan is so-designed that it caters not only to businesses, but to residents and visitors of Dubai, alike. Each of the five districts that make up the Waterfront City, has its own individuality and is vital for promotion of a diverse and unified city. It will have a density similar to that in Manhattan, and hence, the retail, culture, commerce and private accommodation will be overlapped to form a compact city center."
The company is yet to give away contracts for initial works. Even the sales are yet to begin. However, the infrastructure works are expected to commence during early June, and the entire city is expected to be ready by the year 2018.
Labels: Nakheel, New Developments, Residential, Waterfront-city
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
Aldar unveils Al Zeina development in Abu Dhabi
Sunday, February 10, 2008
Aldar Properties has launched a new mixed-use development, Al Zeina, which forms a strategic gateway to the Al Raha Beach Development.
The piling work on Al Zeina is now complete, and laying the ground floor slabs in now being carried out. On completion, Al Zeina will house 1032 units on the whole, with 137 villas, 779 apartments and 116 townhouses. Apart from this, Al Zeina will comprise private boat moorings, local supermarket, retail high street, shops, a jetty restaurant, and various other food and beverage outlets located on the retail high street. Al Zeina also boasts of a 500 meter long public beach, landscaped gardens, open spaces, and luxurious shared gardens.
Each of the eleven precincts on Al Raha Beach is unique in character with specific attributes that keep it apart from the rest of the precincts. This, being a self-sustainable community, residents can also enjoy the options of engaging themselves with the wider development like the canal network with serviced water taxis, the light rail transportation, and carrying on with their regular eating, shopping and relaxing activities within their own premises.
Labels: Abu Dhabi, Al Raha Beach, Aldar, New Developments
Al Fara'a launches Mulberry Mansions
Tuesday, February 05, 2008
Al Fara'a Properties launched their new project, Dh.95mn worth, Mulberry Mansions, yesterday. This forms a part of their Dh.6.5billion worth projects planned for the current year.
The residential development, comprising 23 luxurious town homes, marks the third project of Al Fara'a in Jumeirah Village, following the launch of Manhattan Luxury Apartments and Le Grand Chateau.
The two-storey townhouses built in Victorian-style will comprise four bedrooms, a terrace, a balcony, maid's room with separate access, a private two-car garage and a small private garden. Few selected townhouses that are positioned at the far end of each row of the plot will have access to private swimming pools within side gardens. The spacious interiors incorporate custom-built walk-in closets, fully equipped kitchens, well-planned master bedrooms with distinct lighting designs, adding to the luxury. All units are well-planned to catch a view of the skylight and boulevard, ensuring natural brightness and ventilation.
The Director of Al Fara'a properties, Natasha Gangaramani said "Through the launch of our third project we are on-track to exceed our Dh.2.5bn investment plans that was outlined for 2008. We now hope to invest Dh.6.5bn this year, and expect to atleast equal our records set by previous projects in terms of customer sales and appreciation."
Mulberry Mansions will be complete towards the third quarter of 2009.
Al Fara'a Properties have met considerable success in their projects launched last year, thereby, re-defining the benchmark of excellence, in the booming realty sector of UAE.
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The residential development, comprising 23 luxurious town homes, marks the third project of Al Fara'a in Jumeirah Village, following the launch of Manhattan Luxury Apartments and Le Grand Chateau.
The two-storey townhouses built in Victorian-style will comprise four bedrooms, a terrace, a balcony, maid's room with separate access, a private two-car garage and a small private garden. Few selected townhouses that are positioned at the far end of each row of the plot will have access to private swimming pools within side gardens. The spacious interiors incorporate custom-built walk-in closets, fully equipped kitchens, well-planned master bedrooms with distinct lighting designs, adding to the luxury. All units are well-planned to catch a view of the skylight and boulevard, ensuring natural brightness and ventilation.
The Director of Al Fara'a properties, Natasha Gangaramani said "Through the launch of our third project we are on-track to exceed our Dh.2.5bn investment plans that was outlined for 2008. We now hope to invest Dh.6.5bn this year, and expect to atleast equal our records set by previous projects in terms of customer sales and appreciation."
Mulberry Mansions will be complete towards the third quarter of 2009.
Al Fara'a Properties have met considerable success in their projects launched last year, thereby, re-defining the benchmark of excellence, in the booming realty sector of UAE.
Labels: Luxury Homes, New Developments, Residential, Townhouses
Nakheel announces Dubai Promenade, the latest waterfront community
Tuesday, January 15, 2008
The Dubai Promenade, the latest sophisticated waterfront community, announced by Nakheel, comprising 60 berths and own marina, is expected to create a virtual peninsula along the Dubai shoreline, along with a magnificent five star wheel shaped hotel.Encompassed by a marina, a natural beach and the sea, the Dubai Promenade will offer panoramic views and idyllic walkways, with its carefully considered architecture, which will create a different residential and commercial environment.
The project spreads over 25000 square meters of retail space, and about 17000 square meters of office space, with 2000 residential units accommodating nearly 10,000 residents.
Positioned between the Dubai Marina and the seafront, adjacent to Dubai International Marine Club (DIMC), the Dubai Promenade offers breathtaking views of The Palm Jumeirah, the Arabian Gulf and the coast towards the Jebel Ali Port.
The development emphasizes on open space, waterfront lifestyle, with expansive promenade opening up the seafront to visitors and residents. The entire waterfront will offer a selection of commercial and residential towers, restaurants, cafes and retail space.
The Senior General Manager, Dubai Promenade, Ali Bin Damithan, commented that the Dubai Promenade will now further enhance the international profile of the emirate, through its wheel-shaped hotel, which would be the centerpiece of attraction, as the unmatched structure and shape of the hotel will be so magnificent that no other skyline in the world offers something like it.
The construction of the development is due to begin during mid-2008.
Labels: Community, Nakheel, New Developments, Real Estate Projects, Water front
'Isla Moda'- the world's first fashion island launched in Dubai
Thursday, January 10, 2008
The world's first 'Fashion Island' Isla Moda, was launched in Dubai yesterday, by Dubai Infinity Holdings (DIH).Being an iconic mixed-use development, the Isla Moda, will have themed residential villas, fashion resort, haute couture boutiques, luxury hospitality, all in a single development, with an aim to establish Dubai as a global fashion hub.
Renowned fashion designers from various continents will take up the designing of each element of the development.
The DIH, which was launched in December 2007, intends to increase the diversification of UAE economy through their strategic investment in lifestyle, entertainment, real estate, healthcare, education, IT and other sectors. Isla Moda depicts the commitment of the company towards non-conventional investments, with innovative, high-growth potential.
The CEO of DIH, Samira Abdulrazzak, said "Isla Moda will get to be known as the central fashion district of the entire region, and will be home to top fashion luminaries in the world. It will make a significant impact not only within the international real estate community, but, also within key fashion and leisure segments."
Isla Moda will combine luxury with style to attract the world's fashion elite. Ideally located on The World, it will be the ultimate in fashion experience, offering bespoke living, shopping, dining and entertainment to people, said Abdulrazzak.
Isla Moda will offer top-quality service to residents and guests for perfumery, clothing, personal style makeover, and design concierge, to create a kind living environment, with bespoke furnishings, technology and art.
Isla Moda will comprise a fashion hotel and variety of themed residential villas. The hotel will have about 250 rooms and serviced apartments, along with boutiques, design studios and dedicated areas for banquets and functions. Each area will be designed based on the needs of fashion connoisseurs and fashion industry in mind. Adjacent to the residential collection, there will be Beach, Royal and Water Villas. The villas offer a unique experience, with one-of-a-kind private beaches, pools and unique residential accessories.
There will also be exclusive international events featuring high-profile designers, product launches and fashion shows in the island.
The first stage of development will begin by fourth quarter of 2008.
Labels: Dubai City, Fashion-Island, New Developments, Real Estate Projects, Villa Projects
Bavaria launches Sandoval Apartments; signs loan agreement with Mashreq
Tuesday, December 25, 2007
The German boutique developer, Bavaria Gulf, has announced the launch of first phase of 'Sandoval Apartments' at Jumeirah Village, which had earlier made its grand entry into Dubai realty sector through the launch of 'Sandoval Townhouses'.
The project will consist of 165 mid-range apartments with high-quality German precision, certified by TUeV, the most stringent and independent quality evaluators in the world. With seven G+4 buildings, Sandoval Apartments will include 57 studio apartments, 17 two bedroom apartments, 81 single bedroom units, and 10 special duplex apartments. These apartments, which range from 680 to 2700 Square feet, will be sold at a high value driven prick bracket.
The Managing Director of Bavaria, Raymond Lefevre, said "Our previous launch of Sandoval Townhouses, proved to be a real eye opener for us. Now, Sandoval Apartments follows suit, offering high-quality, yet, luxurious, functional and value-driven realty concepts."
Bavaria is also one of the first mid-segment realty developers in Dubai, to sign home loan agreement for all its future and existing projects with Mashreq, one of the largest private banks in the Middle East. The customers of Mashreq will benefit from customized home loan packages, apart from enjoying upto 90% on sales price for all existing and future Bavaria Gulf projects, with attractive interest rates for the next 25 years.
Mashreq will offer Bavaria customers with a variety of convenient financing options and attractive rates, apart from other benefits such as the lowest down payments, apart from providing them with the benefit of owning the property of their dreams.
Social BookmarkingThe project will consist of 165 mid-range apartments with high-quality German precision, certified by TUeV, the most stringent and independent quality evaluators in the world. With seven G+4 buildings, Sandoval Apartments will include 57 studio apartments, 17 two bedroom apartments, 81 single bedroom units, and 10 special duplex apartments. These apartments, which range from 680 to 2700 Square feet, will be sold at a high value driven prick bracket.
The Managing Director of Bavaria, Raymond Lefevre, said "Our previous launch of Sandoval Townhouses, proved to be a real eye opener for us. Now, Sandoval Apartments follows suit, offering high-quality, yet, luxurious, functional and value-driven realty concepts."
Bavaria is also one of the first mid-segment realty developers in Dubai, to sign home loan agreement for all its future and existing projects with Mashreq, one of the largest private banks in the Middle East. The customers of Mashreq will benefit from customized home loan packages, apart from enjoying upto 90% on sales price for all existing and future Bavaria Gulf projects, with attractive interest rates for the next 25 years.
Mashreq will offer Bavaria customers with a variety of convenient financing options and attractive rates, apart from other benefits such as the lowest down payments, apart from providing them with the benefit of owning the property of their dreams.
Labels: Apartments, Mortgages, New Developments
Pearl Dubai FZ LLC reveals purchase of Dh 3bn Dubai Pearl
Thursday, December 20, 2007
A Consortium of investors, Pearl Dubai FZ LLC, led by the Al Fahim Group, Abu Dhabi-based group, has announced that it has purchased and repositioned the $3billion worth Dubai Pearl real estate development.The project, located within the Dubai Media and Technology Free Zone (TECOM), facing The Palm Jumeirah, will cover a built-up area of more than 15 million square feet.
Abdul Majeed Al Fahim, the Chairman of Board of Directors, Pearl Dubai, while speaking during a press conference, mentioned that Dubai is growing at an unprecedented pace, and that 'Dubai Pearl' will be a unique addition to the real estate landscape of the emirate.
Dubai Pearl is an integrated, mixed-use sustainable development with all major components located within 400 meters of each other, and is expected to be complete by December 2010.
The residential segment of Dubai Pearl Towers will include Sky Palaces with private gardens and pools, Sky Penthouses, luxury-branded condominiums and apartments. It also features boutique, offices, renowned hospitality brands, state-of-the-art theatre with a capacity for 1500 to 2000 people, a luxury fashion precinct located within a premier shopping mall, cinemas, and multi-cuisine food courts.
The construction of 'Dubai Pearl' would begin immediately. The project is considered to be unique, as the infrastructure amenities, including a well-linked road network are all in place, facilitating easy access to all major residential and commercial areas such as the Jumeirah, Dubai Internet City and Dubai Media City.
Labels: Business Tower, Latest News, Luxury Homes, New Developments
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