Babil - Dh 50bn residential development from Dubai Properties
Wednesday, September 10, 2008
During an exclusive event held in Paris recently, Dubai Properties showcased sale of its latest residential development, 'Babil', worth Dh.50bn, at Culture Village.
This uniquely designed six storey residential building, offers 159 residential units in an old souq area. The event highlighted the key aspects of Babil, and invited high-end European investors as audience at the Ritz Hotel in Paris.
The event follows the successful launch of the development at Harrod's in London, where Babil had drawn considerable investor interest.
Culture Village spans over 40million square feet, featuring vast open spaces, traditional wind towers, unique sculptures, cobble stone walkways, waterways topped with bridges, restaurants, creek side souks, cafes, amphitheatre for live performances and cultural festivals, exhibition hall and museums.
The development also includes serene residential communities, vibrant commercial and retail sectors, schools, academic institutions, art colleges and learning centers for dance and crafts.
The main focus is the 215-suite Palazzo Versace Dubai, which sprawls over 429,509 square feet of prime land, comprising 220 condominiums, spa, restaurants, and 204 luxury villas furnished with an exclusive line of products from Versace Home Collection.
A premium waterfront development, with unobstructed views of the Creek, the resort is scheduled for opening in 2009.
Dubai Properties includes a wide portfolio of residential, commercial and mixed-use developments such as the Business Bay, Jumeirah Beach Residence, The Villa and Tijara Town.
Social BookmarkingThis uniquely designed six storey residential building, offers 159 residential units in an old souq area. The event highlighted the key aspects of Babil, and invited high-end European investors as audience at the Ritz Hotel in Paris.
The event follows the successful launch of the development at Harrod's in London, where Babil had drawn considerable investor interest.
Culture Village spans over 40million square feet, featuring vast open spaces, traditional wind towers, unique sculptures, cobble stone walkways, waterways topped with bridges, restaurants, creek side souks, cafes, amphitheatre for live performances and cultural festivals, exhibition hall and museums.
The development also includes serene residential communities, vibrant commercial and retail sectors, schools, academic institutions, art colleges and learning centers for dance and crafts.
The main focus is the 215-suite Palazzo Versace Dubai, which sprawls over 429,509 square feet of prime land, comprising 220 condominiums, spa, restaurants, and 204 luxury villas furnished with an exclusive line of products from Versace Home Collection.
A premium waterfront development, with unobstructed views of the Creek, the resort is scheduled for opening in 2009.
Dubai Properties includes a wide portfolio of residential, commercial and mixed-use developments such as the Business Bay, Jumeirah Beach Residence, The Villa and Tijara Town.
Labels: Cultural-Village, Real Estate Projects, Residential
Fortune Group to announce Dh.2.5bn worth projects this year
Tuesday, August 26, 2008
Fortune Group International, the Dubai-based developer is likely to announce five projects, worth Dh.2.5bn by December this year, revealed a top official of the company.
The five projects, covering a built-up area of more than two million square feet, will be launched a residential project, 'Fortune Bellevue' in Park View master development, agreed Saeed Zuberi, the Chief Executive of Fortune Group International.
The company has already launched 'Fortune Heights', a Dh.250mn project at Park View in Ajman. This mixed-use development will house 400 residential units in its 25 storeys, and 90 commercial units in 10 floors.
Park View, a master-plan development by ABH Property, located in proximity to Emirates City, is scheduled to be complete by 2011. A six-acre public park will form the core of the development.
The introductory prices for studio apartments at the Fortune Heights is Dh.550 per square feet, but the prices are likely to go up to Dh.560 per square foot in a week's time.
The single bedroom and double bedrooms are selling at Dh.540 per square foot. The payment can be made within three years, with a 10 percent down payment.
The developer has opened an escrow account in Ajman, which is under negotiation with banks for providing Islamic home finance to its clients. The company plans to finalize deals with a couple of banks in the next one month's time.
Other projects of Fortune Group International are the Fortune Doctor's Tower and Fortune Boulevard at Park View.
Social BookmarkingThe five projects, covering a built-up area of more than two million square feet, will be launched a residential project, 'Fortune Bellevue' in Park View master development, agreed Saeed Zuberi, the Chief Executive of Fortune Group International.
The company has already launched 'Fortune Heights', a Dh.250mn project at Park View in Ajman. This mixed-use development will house 400 residential units in its 25 storeys, and 90 commercial units in 10 floors.
Park View, a master-plan development by ABH Property, located in proximity to Emirates City, is scheduled to be complete by 2011. A six-acre public park will form the core of the development.
The introductory prices for studio apartments at the Fortune Heights is Dh.550 per square feet, but the prices are likely to go up to Dh.560 per square foot in a week's time.
The single bedroom and double bedrooms are selling at Dh.540 per square foot. The payment can be made within three years, with a 10 percent down payment.
The developer has opened an escrow account in Ajman, which is under negotiation with banks for providing Islamic home finance to its clients. The company plans to finalize deals with a couple of banks in the next one month's time.
Other projects of Fortune Group International are the Fortune Doctor's Tower and Fortune Boulevard at Park View.
Labels: Fortune, Real Estate Company, Real Estate Projects
Two new towers included in Adnec Capital Center Development
Sunday, August 24, 2008
The Abu Dhabi National Exhibitions Company (ADNEC) has unveiled two distinctive commercial and residential towers by SinoGulf Investments that resemble the movement of sand dunes architecturally.
The towers form a major part of the Dh.8bn Capital Center Development, which surrounds the Abu Dhabi National Exhibition Center. Both the towers together are worth more than Dh.1bn.
Designed by Woods Bagot, world-renowned architects, the towers represent the concept of dune sand lines, when the desert breeze blows. On completion in the last quarter of 2010, the residential and commercial developments offer extensive amenities, high quality finish, high-speed elevators, ample parking and retail outlets. The residential tower also includes a sauna, gym, spa and pool, making the apartments hard to resist for investors and tenants.
Located in a prime location on the corner of Al Karama Street, adjacent to the exhibition center, the towers are ideally placed with easy access to other hospitality, commercial, entertainment, residential and transport amenities.
The Director-Business Development at Adnec, Sanjay Tanna, said that the prestigious Capital Center development located adjacent to the Exhibition Center will no doubt, cater to the demand of both commercial and residential accommodation, currently evident within the Emirate of Abu Dhabi.
Rental properties and serviced apartments in Abu Dhabi are now achieving strong growth rates and occupancy levels, although clear shortage of accommodation exists for executives.
SinoGulf Investments, established in 2003, manage an excess of $1bn investments, with development projects in Jordan, Dubai and Abu Dhabi. Recognizing the demand for high-end living, SinoGulf has formed an A grade investment opportunity. Currently, SinoGulf Investments are undertaking expressions of interest for their residential apartments.
Social BookmarkingThe towers form a major part of the Dh.8bn Capital Center Development, which surrounds the Abu Dhabi National Exhibition Center. Both the towers together are worth more than Dh.1bn.
Designed by Woods Bagot, world-renowned architects, the towers represent the concept of dune sand lines, when the desert breeze blows. On completion in the last quarter of 2010, the residential and commercial developments offer extensive amenities, high quality finish, high-speed elevators, ample parking and retail outlets. The residential tower also includes a sauna, gym, spa and pool, making the apartments hard to resist for investors and tenants.
Located in a prime location on the corner of Al Karama Street, adjacent to the exhibition center, the towers are ideally placed with easy access to other hospitality, commercial, entertainment, residential and transport amenities.
The Director-Business Development at Adnec, Sanjay Tanna, said that the prestigious Capital Center development located adjacent to the Exhibition Center will no doubt, cater to the demand of both commercial and residential accommodation, currently evident within the Emirate of Abu Dhabi.
Rental properties and serviced apartments in Abu Dhabi are now achieving strong growth rates and occupancy levels, although clear shortage of accommodation exists for executives.
SinoGulf Investments, established in 2003, manage an excess of $1bn investments, with development projects in Jordan, Dubai and Abu Dhabi. Recognizing the demand for high-end living, SinoGulf has formed an A grade investment opportunity. Currently, SinoGulf Investments are undertaking expressions of interest for their residential apartments.
Labels: Abu Dhabi, Real Estate Projects
Timelinks to unveil a new pyramid-shaped project at Cityscape Dubai
Friday, August 22, 2008
Timelinks, the Dubai-based environmental design company, will launch a city of the future, during the upcoming Cityscape Dubai.
The event will be held between the 6th and 9th October at the Dubai International Exhibition Center.
The City, called Ziggurat project, will be shaped in the form of a futuristic pyramid, supporting the entire community, comprising a population of one million, by harnessing the power of nature.
The Managing Director of Timelinks, Ridas Matonis, agrees that Ziggurat communities can be 100 percent self-sufficient in terms of energy. Apart from utilizing the steam power, the building will also employ the wind turbine technology, to exploit natural energy resources.
The Pyramid tower which spreads across 2.3 square kilometer has several other advantages to its credit. The cities can be accommodated in complexes, which will take up only less than 10 percent of the original land space. The private and public landscaping can be used for leisure pursuits or can be irrigated as agricultural land.
"In case these projects were realized, the world will get to witness communities that are sustainable, environment-friendly and in sync with nature's surroundings. The concept will also give a better quality of life for inhabitants. Transportation within the complex will be carried out through an integrated 360 degree network, so that cars would be redundant," said Matonis.
Timelinks has already planned the design and technology to be incorporated into the project. A number of eminent professors from Europe will be available to explain the technicalities of the Ziggurat project works, and the manner in which these communities could be integrated into the master projects.
Labels: Cityscape, Environment-friendly, Real Estate Projects
Major projects announced in Awali City of Ajman
Monday, July 21, 2008
Awali Real Estate Investment has announced the launch of four towers worth Dh.1.2bn within Dh.20bn Awali City in Ajman.
The first among these is the Mashrabia Residence, a 25-storey twin tower residential project with a total of 800 apartments. The residence will spread across 14,965 square feet of space on each floor. It will include amenities such as the health club, swimming pool, retail space and parking amenities. The prices begin with Dh.575 per square foot, and an additional Dh.3 per floor.
The Chevron commercial towers will include 25-storey towers each, spreading across 15000 square feet of office space on each floor. It will house 304 offices in each tower, with amenities such as health club, gymnasium, and retail space. The prices begin at Dh.650 per square foot with additional Dh.3 being charged per floor.
The projects are due for completion by 2011.
The Dh.65mn worth design and engineering contract for 15 residential and commercial towers in Awali City has been handed over to Adnan Saffarini Engineering Consultants. The towers include 11 towers of 32 storey each, which makes the northern and southern gates of the city, and four 50-storey buildings, which form the entrance to Awali City from Emirates Road.
According to Mohammed Al Nemer, the Chief Marketing Officer, Awali Real Estate, Awali City is the first among a series of projects to be launched in Awali this year. The demand for real estate has grown considerably in Ajman, during the last couple of years, which has encourage developers to launch several mega projects in the emirate to fill-up the supply-demand gap.
Moreover, the Ajman government has developed a sound infrastructure system and reformed its laws to ensure complete transparency and accessibility of the real estate market, he added.
Awali City is a Dh.20bn development in Ajman along the Emirates Road, and is developed on 33million square feet of land. It will include 136 plots of land meant for residential and commercial use. It will include a range of towers, varying from 17 to 50 storeys, and will accommodate 120,000 people.
Social BookmarkingThe first among these is the Mashrabia Residence, a 25-storey twin tower residential project with a total of 800 apartments. The residence will spread across 14,965 square feet of space on each floor. It will include amenities such as the health club, swimming pool, retail space and parking amenities. The prices begin with Dh.575 per square foot, and an additional Dh.3 per floor.
The Chevron commercial towers will include 25-storey towers each, spreading across 15000 square feet of office space on each floor. It will house 304 offices in each tower, with amenities such as health club, gymnasium, and retail space. The prices begin at Dh.650 per square foot with additional Dh.3 being charged per floor.
The projects are due for completion by 2011.
The Dh.65mn worth design and engineering contract for 15 residential and commercial towers in Awali City has been handed over to Adnan Saffarini Engineering Consultants. The towers include 11 towers of 32 storey each, which makes the northern and southern gates of the city, and four 50-storey buildings, which form the entrance to Awali City from Emirates Road.
According to Mohammed Al Nemer, the Chief Marketing Officer, Awali Real Estate, Awali City is the first among a series of projects to be launched in Awali this year. The demand for real estate has grown considerably in Ajman, during the last couple of years, which has encourage developers to launch several mega projects in the emirate to fill-up the supply-demand gap.
Moreover, the Ajman government has developed a sound infrastructure system and reformed its laws to ensure complete transparency and accessibility of the real estate market, he added.
Awali City is a Dh.20bn development in Ajman along the Emirates Road, and is developed on 33million square feet of land. It will include 136 plots of land meant for residential and commercial use. It will include a range of towers, varying from 17 to 50 storeys, and will accommodate 120,000 people.
Labels: Ajman, Awali-city, Real Estate Projects
Bonyan's Dh4bn Community project in Dubai, completely sold out
Thursday, July 03, 2008
Bonyan International Investment Group has announced that its Dh.4billion Sama Al Jadaf Community Project, at Al Jadaf area in Dubai has been completely sold out.
The company revealed that the success of the project is a part of the developer's growth in the booming real estate sector of Dubai, wherein land transactions has risen by 170 percent from Dh.62bn in 2006 to Dh.175bn in 2007.
The Sama Al Jadaf project, a 135-plot master development, offers ideal plots for residential, commercial or hospitality developments, and has attracted several investors and end-users through its intelligent design within the entire community.
Infrastructure and city services are effortlessly clubbed into the layout of the whole project, while the motorists too can enjoy the benefit of multiple access points and roads, cleverly planned to alleviate traffic problems.
Al Jadaf area is the perfect location for the project due to its close proximity to Dubai International Airport and Dubai Festival City, and is highly accessible through Garhoud bridges and Business Bay.
The Chairman of the group, Abdullah Atatreh, revealed that the fact that several local and Gulf-based investors have acquired plots in this project is an indication of the strong support that the market offers for high-quality developments.
He also said that the company plans to complete the properties in Sama Al Jadaf during the coming years, and the impact of the project will be felt in Dubai's real estate landscape.
The developer has also recently announced another mega master development project, worth Dh.3.5bn Eye of Ajman community development, spreading across 6.27mn square feet with 109 plots.
The company's portfolio includes Dh.3bn worth of residential and commercial developments such as the Lulu Tower, Rose Tower, Sharjah Gate, Dubai Gate 1, ABBCO Tower, and other regional projects that are a part of the company's expansion plans. The company plans to touch a portfolio of Dh.10billion in three years.
Labels: Bonyan, Community, Real Estate Projects
MBI unveils first landmark project Deerfields Town Square in the Capital
Monday, May 19, 2008
Mubarak and Brother Property and Financial Investments (MBI), a major real estate, construction and infrastructure company, has announced the unique aspects of their first landmark project, Deerfields Town Square, at the Abu Dhabi Cityscape Exhibition 2008. The exhibition is likely to conclude today, the 16th May 2008.The Deerfields Town Square, set to be nestled at Abu Dhabi's Al Bahia area amidst developments such as the Yas Island, Al Raha Beach, and Khalifa A and B Cities, is all set to offer tenants, residents, and shoppers a holistic experience in working, shopping, and entertainment, all within a single community district.
The close proximity of Deerfields to the Abu Dhabi International Airport, and Abu Dhabi's largest entertainment park -Warner Brothers, and the Formula One Race Track, makes the project more prominent.
Reflecting a true classic Victorian-style architecture, the project features commercial, retail, residential and hospitality components, all spreading across 840,000 square meters of land, covering a total built-up area of 3.2million Square Feet.
The project will also house a mall with a capacity to accommodate more than 200 retailers, and a gamut of anchor shops, food courts, casual and fine dining restaurants, stand alone retail boxes, hyper market, coffee shops and 12-screen multiplex.
The development also houses offices, serviced and residential apartments, hotel and a bird conservatory, which is said to be one-of-its-kind in the country's history.
The CEO of MBI, Mohammed Al Haj, said "Being MBI's first landmark project in Abu Dhabi, the mixed-use community development, Deerfields Town Square, will add a distinctive architectural element to the UAE retail sector, and aims to craft an ideal blend of high-demand retail offerings with an elegant layout and expansive landscaping."
The Deerfields Town Square will merge the alluring charm of the past with the glamour of new age living, offering a year-round of 'quality family time' to the close knit communities and tourists in Abu Dhabi, said Banu Tas, General Manager of Deerfields Town Square.
Labels: Abu Dhabi, Real Estate Projects
Emaar Bawadi unveils key components of first mixed-use project Asmaran
Saturday, May 17, 2008
Emaar Bawadi, the Emaar Properties and Bawadi (a member of Tatweer Group) joint-venture, has announced the key components of its first mixed-use project, Asmaran.
The project, which spans over 70 million square feet, will be a part of Bawadi, and will be located within Dubailand, adjacent to best landmarks in Dubai, and will be easily accessible to the Dubai Byepass and Emirates Road. Asmaran is also ideally located adjacent to the largest hotel in the world with 6500 rooms, apart from the largest convention center in the world, which is also located within Bawadi. The residents can also enjoy the easy access of airports and the highway.
This unique location of Asmaran is likely to make it a spectacular mixed-use destination, and the close proximity of Asmaran to Emaar's signature project, Arabian Ranches, makes it a major attraction for potential customers seeking homes or business investments.
The project will be completed in phases, and on completion, Asmaran is likely to house more than 55,000 people, apart from setting aside 4 million Sq. Ft. of commercial space, 3.2 million Sq. Ft of retailing space, and a family-based theme park with vast array of attractions, all integrated within a lush green landscape.
As for the hospitality aspect, Asmaran comprises more than 5300 serviced apartments, nine world class hotels with more than 5150 rooms.
The residential community will cover 19000 residences, mainly comprising villas and townhouses amidst gardens.
Al facilities within the project will be linked by internal roads and walkways that lead to central community center. The project will also have ample parking facilities that enhance the convenience of visitors and residents.
Asmaran will, no-doubt, benefit from the vast experience of both Emaar and Tatweer, both being, the leading developers of world-class projects in Dubai, said Issam Galadari, the Managing Director of Emaar Bawadi.
"Asmaran emphasizes Emaar Bawadi's commitment to develop world-class projects, which is the main objective of the company. Work is underway on the masterplan, while other details of the project too, are being considered on a fast track basis to deliver our promises," he added.
The CEO of Bawadi, Arif Mubarak, says "Bawadi is considered to be the longest hospitality, shopping and entertainment boulevard in the world. Now, Asmaran will add to the vast range of mixed-use offerings, focusing on integrating leisure, residences, hospitality and commercial space. It is likely to further boost the tourism and property sectors in Dubai."
Labels: Asmaran, Bawadi, Dubailand, Real Estate Projects
The Dh.3.5bn Eye of Ajman launched in Ajman by Bonyan
Tuesday, May 13, 2008
A Dubai-based realty company, Bonyan International Investment Group, has launched a Dh.3.5billion development, Eye of Ajman, which is also Bonyan's first realty project in Ajman.
The project, which covers 6.27million square feet of space, comprises 109 multi-purpose plots, comprises residential, hospitality, office and retail segments.
Located just 20 minutes away from Dubai, the project includes residential towers, lakes, and garden views with ample parking spaces allocated to residents and visitors alike.
Bonyan in its statement, revealed that a number of plots are designed to take the shape of a human eye, and the plots will house a mosque, hotels, schools, health club, a clinic and an electric sub station located amidst a sprawling urban landscape.
The Company Chairman, Abduallah Atatreh, said "We have identified Ajman to be the perfect location for our flagship project, due to its rapid advancement in infrastructure and land ownership legislation. We are confident that Eye of Ajman will be a major step in the positive direction towards continuing growth of Ajman as a business hub by drawing huge foreign investments and investments from across the region."
The project, which covers 6.27million square feet of space, comprises 109 multi-purpose plots, comprises residential, hospitality, office and retail segments.
Located just 20 minutes away from Dubai, the project includes residential towers, lakes, and garden views with ample parking spaces allocated to residents and visitors alike.
Bonyan in its statement, revealed that a number of plots are designed to take the shape of a human eye, and the plots will house a mosque, hotels, schools, health club, a clinic and an electric sub station located amidst a sprawling urban landscape.
The Company Chairman, Abduallah Atatreh, said "We have identified Ajman to be the perfect location for our flagship project, due to its rapid advancement in infrastructure and land ownership legislation. We are confident that Eye of Ajman will be a major step in the positive direction towards continuing growth of Ajman as a business hub by drawing huge foreign investments and investments from across the region."
Labels: Ajman, Real Estate Projects
Supertowers with unique concepts to adorn Dubai skyline
Tuesday, May 06, 2008
Dubai's skyline is all set to be re-defined with numerous supertowers which comprise more than 100 storey and are more than 600 meters in height, which totals up to an estimated value of more than $7bn (Dh.25bn).
The projects, that are likely to be announced towards end of this year, will form a part of master-planned development, which will increase the Dubai's standards of urban development and masterplanning.
The projects titled as AC Towers, EP Site 07, 09 and 15, are designed by Adrian smith and Gordon Gill, and have been approved by the Dubai Government. The projects will be complete in five years time.
The Lead Architect, Smith also owns the credit of designing the Burj Dubai, the world's tallest tower.
"Dubai has already become host to maximum number of supertowers in the world. We plan to add a few more to the city's growing skyline. Among the 13 supertowers being designed by us, five will be located in the UAE and one in Qatar," Smith said.
These towers will stand out among all the other towers currently being developed in Dubai, due to their eco-friendliness, sustainability, energy efficiency and intelligent building systems.
According to new technology being employed by Smith, the buildings will draw air from the top floors that are 10 degree cooler and will spray them to lower levels where the temperature is higher. This unique technique has never been employed in any other supertowers in the world till date.
The new buildings have been so designed that they save energy by 40 to 60 percent and get zero level in energy consumption.
AC Towers:
AC is a cluster of three supertowers rising above 100 storeys and are connected at the base with an atrium, and skybridges. Being a mixed use project, it spreads over an area of 800,000 to 900,000 square meters and comprises residential, commercial, hotel, and entertainment space, with a capacity to accommodate upto 6000 people. A canal and waterway that pass through the AC Towers will create open space for educational and theatrical activities.
EP 07 Tower
As for the EP projects, EP 07 will be as high as 125 storeys and will be a true reflection of the pearl trading and farming heritage of Dubai. This mixed-use project will be nearly 600 meters in height and cover a built-up area of 350,000 square meters. EP 07 will be covered by ribbons of steel that help in utilizing the solar energy and making it sustainable. Also, the buildings are so designed that they withstand the wind pressure, managing it in a more effective manner.
EP 09 Tower
The curved structures of the EP 09 tower hosts two buildings each and includes six towers with 30 to 40 floors, spreading across a built-up area of 450,000 square meters. The mixed-use community will have one purely residential community and the other two which include retail, commercial, hospitality and entertainment amenities. All these are connected at the base, but separated above by a distance spanning 175 meters. The smart energy-efficient buildings will open up to landscaped roof, garden and podium. The energy save by one tower could be passed on the other, and hence the buildings complement the use of energy. This concept too, is unique to Dubai and is being implemented for the first time ever.
EP 15 Tower
The EP 15 tower blends together simple geometric principles with new, upcoming technologies to create a modern, soaring tower of light. The tower has a series of faceted surfaces which increase light and air travelling through the building and maximizes energy generation in building systems.
The tower filters light and wind and the prism shape helps in withstanding high wind pressures, minimizing risks. The six holes in the building helps wind pass through the building, with 25 percent less cost.
With a built-up area of more than 300,000 square meters, the tower will increase to more than 101 floors in height. It will be a mixed-use project featuring commercial and retail spaces and hotel and convention facilities.
Labels: Dubai City, eco-friendly, Latest News, Real Estate Projects
Realty projects in Gulf Countries exceeds Dh.8.8trillion
Thursday, April 24, 2008
The real estate projects that are underway in GCC have cross Dh.8.8trillion mark, according to an industry research.
The figure has been arrived at, taking into account all additional developments (even in their concept stage) that are currently happening in the GCC, which accounts for a total of 3,519 projects worth Dh.9.27 trillion.
Majority of these developments are happening in the Saudi Arabia and UAE.
The biggest project under construction in the region is the 'King Abdullah Economic City' at Saudi Arabia, worth Dh.440.4 billion, followed by the 'Dubailand' in Dubai, which is valued at Dh.403.7billion, and thereafter the 'Silk City' real estate project worth Dh.315.6 in Kuwait.
In the light of such massive construction activities, the 2008 edition of Hardware and Tools Middle East will be held at the Dubai International Convention and Exhibition Center between 25th and 27th of May 2008. The exhibition is worth visiting for construction companies, realty firms, maintenance firms, buyers, and contractors from across the region.
Social BookmarkingThe figure has been arrived at, taking into account all additional developments (even in their concept stage) that are currently happening in the GCC, which accounts for a total of 3,519 projects worth Dh.9.27 trillion.Majority of these developments are happening in the Saudi Arabia and UAE.
The biggest project under construction in the region is the 'King Abdullah Economic City' at Saudi Arabia, worth Dh.440.4 billion, followed by the 'Dubailand' in Dubai, which is valued at Dh.403.7billion, and thereafter the 'Silk City' real estate project worth Dh.315.6 in Kuwait.
In the light of such massive construction activities, the 2008 edition of Hardware and Tools Middle East will be held at the Dubai International Convention and Exhibition Center between 25th and 27th of May 2008. The exhibition is worth visiting for construction companies, realty firms, maintenance firms, buyers, and contractors from across the region.
Labels: Middle-East, Real Estate Projects
The Tiger Woods masterplan receives a go-ahead
Sunday, April 20, 2008
The Tiger Woods, a member of Tatweer, has revealed that they have received the go-ahead for the final masterplan of their new real estate project in Dubai from the Dubai Municipality and the RTA. The design and construction of the project is progressing as scheduled.
The project, namely The Tiger Woods Dubai, is an exclusive lifestyle community scheduled for completion by late 2009. The spectacular Al Rawaya Golf Course serves as its focal point.
Spread across an area of 55million square feet, The Tiger Woods Dubai will be an exclusive golf community featuring a professionally-staffed golf academy, a clubhouse spread across 139,000 square feet with premium amenities, a high-end boutique hotel, a premium destination spa, 75 mansions, 22 palaces, and 100 luxury villas.
The Tiger Woods Dubai will soon be one of the most sought-after destinations in the world, and will be a genuine oasis for those lucky enough to live or stay within its spectacular grounds, said Tiger Woods.
Social Bookmarking
The project, namely The Tiger Woods Dubai, is an exclusive lifestyle community scheduled for completion by late 2009. The spectacular Al Rawaya Golf Course serves as its focal point.
Spread across an area of 55million square feet, The Tiger Woods Dubai will be an exclusive golf community featuring a professionally-staffed golf academy, a clubhouse spread across 139,000 square feet with premium amenities, a high-end boutique hotel, a premium destination spa, 75 mansions, 22 palaces, and 100 luxury villas.
The Tiger Woods Dubai will soon be one of the most sought-after destinations in the world, and will be a genuine oasis for those lucky enough to live or stay within its spectacular grounds, said Tiger Woods.
Labels: Community, Golf property, Real Estate Projects
Mada'in Properties launches Dh.1.25bn Marina Arcade
Thursday, April 03, 2008
Mada'in Properties yesterday announced the launch of their Dh.1.25bn flagship project, Marina Arcade, at Dubai Marina, as an initiative to build a Dh.3bn portfolio in 2008.
The Marnia Arcade is a 60-storey tower, connected to a glass-roofed shopping arcade. Spreading across 950,125.68 square feet in area, it includes seven townhouses with Jacuzzis, and gardens on the Marina Arcade rooftop. It will include single, double, triple bedroom apartments, apart from duplexes and penthouses.
Among the other amenities are parking space capacity for 850 cars, a state-of-the-art gymnasium spread across three floors with each floor covering 38,000 square feet in area, a roof-top garden, jogging track, designer stores and cafes.
The project is expected to be complete by June 2011. The starting price of the apartments are Dh.2,050 per square feet from the sixth floor upwards.
The Marina Arcade is the first of the four projects, likely to be launched this year, with a combined value of Dh.3billion.
Abdul Aziz Al Awar, the Chief Executive Officer of Mada'in Properties, says "The Marina Arcade is an apt tribute to the vision of marina development, apart from Dubai's meteoric ambitions."
Labels: Apartments, Dubai Marina, Penthouse, Real Estate Projects
ACI, Ferreti Group sign deal for Marine Legends project
Monday, March 24, 2008
ACI Real Estate, an affiliate of Alternative Capital Invest of Germany, together with Ferreti Group, has ventured into a Dh.6bn worth luxury waterfront resident project, 'Marine Legends', at Dubai Waterfront.
The Ferretti Group has gained reputation for its luxury motor yachts such as Pershing, Itama, Ferretti Yachts, Riva, Apreamare, Bertram, Custom Line, Mochi Craft and CRN.
Robin Lohmann, the Managing Director of ACI Real Estate, said "Marine Legends reflect the growing demand for high-end residences and aims to provide an appropriate setting that combines the requirements and aspirations of the emirate to appreciate the waterline and improved water canal systems."
He continued "Ferreti Group, with its long heritage of innovation, integrity and industry leadership, shares the spirit of endeavour and dedication to excellence, with us, which perfectly fits our mission of upholding the highest standards."
The CEO of Ferreti Group, Vincenzo Connatelli, said "We have been thinking of UAE as our next destination for international expansion. The market, with its unique platform and a sound business environment, facilitates global and business investment. Dubai is all set to become a leading global business capital, and we are happy to join hands with ACI to be a part of this invigorate phase of growth."
Social BookmarkingThe Ferretti Group has gained reputation for its luxury motor yachts such as Pershing, Itama, Ferretti Yachts, Riva, Apreamare, Bertram, Custom Line, Mochi Craft and CRN.
Robin Lohmann, the Managing Director of ACI Real Estate, said "Marine Legends reflect the growing demand for high-end residences and aims to provide an appropriate setting that combines the requirements and aspirations of the emirate to appreciate the waterline and improved water canal systems."
He continued "Ferreti Group, with its long heritage of innovation, integrity and industry leadership, shares the spirit of endeavour and dedication to excellence, with us, which perfectly fits our mission of upholding the highest standards."
The CEO of Ferreti Group, Vincenzo Connatelli, said "We have been thinking of UAE as our next destination for international expansion. The market, with its unique platform and a sound business environment, facilitates global and business investment. Dubai is all set to become a leading global business capital, and we are happy to join hands with ACI to be a part of this invigorate phase of growth."
Labels: Luxury Homes, Real Estate Projects, Water front
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
ACI plans expansion in UAE property market
Monday, February 25, 2008
ACI, the real estate firm that is an affiliate of Alternative Capital Investments, has revealed its plans to expand into Dubai, with its Dh.10billion worth development portfolio of new projects, and also make its foray into Abu Dhabi and Ajman property markets.
The Managing Director of ACI, Robin Loh-mann, said "There will be a total of seven buildings in the Abu Dhabi project, with first five likely to be launched shortly on Reem Island. We plan to diversify. We are on the look out for strategic alliances with major players in Abu Dhabi and Ajman. We will also focus on the Dubai Waterfront and Dubai Laggons this year."
Lohmann said that the company also holds another development on The World, and are keen on entering the Ajman market. He opinioned that all emirates are likely to benefit from the UAE market, as the Abu Dhabi market is picking up at a rapid pace.
He continued "Abu Dhabi is being developed in a manner that is a little different from Dubai. They are trying to include a little culture also in their projects, with things like the Guggenheim and the Louvre. They are trying to do things differently."
Lohmann said property prices in Abu Dhabi have nearly doubled during the past seven to eight months.
"We are eyeing on Abu Dhabi, as it is a totally different market," he said.
As for Ajman, Lohmann said that the development would begin with one residential and one commercial tower. The value of the Ajman project is yet to be revealed.
ACI is also planning to open another office in Doha during second half of the year. The 'Trilogy Towers', worth Dh.2.2bn, involving German sporting legends, Michael Schumacher and Nikki Lauda, will conclude on Sunday, after the launch of the Boris Becker Business Tower.
Social BookmarkingThe Managing Director of ACI, Robin Loh-mann, said "There will be a total of seven buildings in the Abu Dhabi project, with first five likely to be launched shortly on Reem Island. We plan to diversify. We are on the look out for strategic alliances with major players in Abu Dhabi and Ajman. We will also focus on the Dubai Waterfront and Dubai Laggons this year."
Lohmann said that the company also holds another development on The World, and are keen on entering the Ajman market. He opinioned that all emirates are likely to benefit from the UAE market, as the Abu Dhabi market is picking up at a rapid pace.
He continued "Abu Dhabi is being developed in a manner that is a little different from Dubai. They are trying to include a little culture also in their projects, with things like the Guggenheim and the Louvre. They are trying to do things differently."
Lohmann said property prices in Abu Dhabi have nearly doubled during the past seven to eight months.
"We are eyeing on Abu Dhabi, as it is a totally different market," he said.
As for Ajman, Lohmann said that the development would begin with one residential and one commercial tower. The value of the Ajman project is yet to be revealed.
ACI is also planning to open another office in Doha during second half of the year. The 'Trilogy Towers', worth Dh.2.2bn, involving German sporting legends, Michael Schumacher and Nikki Lauda, will conclude on Sunday, after the launch of the Boris Becker Business Tower.
Labels: Abu Dhabi, Ajman, Real Estate Projects, UAE
Emaar launches sales-event of Exclusive Collection of units
Saturday, February 09, 2008
Emaar Properties is hosting a sales event, with an Exclusive Collection of high-end homes in Downtown Burj Dubai, the much-sought after community, described as 'new heart of Dubai'.
With a choice of homes, drawn across various residential projects, the sales event to be held on 9th February 2008 will be a rare opportunity to purchase a home, within established mixed-use community.
The selected units of the Exclusive Collection, are located within prime development of Downtown Burj Dubai, such as 'The Residences', 'South Ridge', 'Burj Dubai Lake Hotel & Serviced Apartments', 'The Old Town' and 'The Dubai Mall Hotel & Serviced Apartments', few of which, are ready to be occupied immediately.
A few homes offer a mix of amenities, including, swimming pools, health and fitness facilities, and children's play areas, along with high-end retail outlets all in close proximity, together demonstrating a prime investment opportunity.
The Downtown Burj Dubai, worth Dh.73bn is Emaar's flagship project, and is a mixed-use community, spread across 500 acres, combining residential, commercial, shopping, entertainment, hotel and leisure outlets in open green spaces, dotted with lakes and other water features.
Several homes at 'The Old Town' and 'The Residences' have been handed over to customers, and the luxury hotels within the area, offer the best in hospitality, to its guests and residents.
Social BookmarkingWith a choice of homes, drawn across various residential projects, the sales event to be held on 9th February 2008 will be a rare opportunity to purchase a home, within established mixed-use community.
The selected units of the Exclusive Collection, are located within prime development of Downtown Burj Dubai, such as 'The Residences', 'South Ridge', 'Burj Dubai Lake Hotel & Serviced Apartments', 'The Old Town' and 'The Dubai Mall Hotel & Serviced Apartments', few of which, are ready to be occupied immediately.
A few homes offer a mix of amenities, including, swimming pools, health and fitness facilities, and children's play areas, along with high-end retail outlets all in close proximity, together demonstrating a prime investment opportunity.
The Downtown Burj Dubai, worth Dh.73bn is Emaar's flagship project, and is a mixed-use community, spread across 500 acres, combining residential, commercial, shopping, entertainment, hotel and leisure outlets in open green spaces, dotted with lakes and other water features.
Several homes at 'The Old Town' and 'The Residences' have been handed over to customers, and the luxury hotels within the area, offer the best in hospitality, to its guests and residents.
Labels: Emaar, Real Estate Projects
Rakaa forays into UAE property market with Dh.1bn project in Abu Dhabi
The real estate branch of a Saudi Arabian conglomerate, Rakaa Properties, has announced a Dh.1billion project, at Reem Island in Abu Dhabi.
The project, comprising three towers, two of which are residential towers and one commercial, will be developed for mixed-use. The average introductory price of the units is Dh.1550 per square foot. This freehold development is expected to be delivered towards end of 2010.
The COO of Rakaa Properties, Mahmoud Naji, when speaking during the Abu Dhabi Real Estate and Investment Show (IREIS) 2008, mentioned that the proposed towers, one of which is 'Falcon Crest', will have 139 units, while the other 'Dynasty' will have 125 units. The third tower, 'Marina tulip' will house 35 storeys, out of which 27 would be residential floors, and the rest eight floors will be commercial storeys. The construction is expected to begin soon.
This project in Abu Dhabi is Rakaa's maiden venture into UAE real estate business. At present, Rakaa has announced developments in Jordan and Saudi Arabia.
Established in 1990, Rakaa is a subsidiary of Rakaa Holding, and has developed a wide range of properties, that include, malls, residential apartments, office buildings, luxury villas, and farms and ranches in Saudi Arabia.
The project, comprising three towers, two of which are residential towers and one commercial, will be developed for mixed-use. The average introductory price of the units is Dh.1550 per square foot. This freehold development is expected to be delivered towards end of 2010.
The COO of Rakaa Properties, Mahmoud Naji, when speaking during the Abu Dhabi Real Estate and Investment Show (IREIS) 2008, mentioned that the proposed towers, one of which is 'Falcon Crest', will have 139 units, while the other 'Dynasty' will have 125 units. The third tower, 'Marina tulip' will house 35 storeys, out of which 27 would be residential floors, and the rest eight floors will be commercial storeys. The construction is expected to begin soon.
This project in Abu Dhabi is Rakaa's maiden venture into UAE real estate business. At present, Rakaa has announced developments in Jordan and Saudi Arabia.
Established in 1990, Rakaa is a subsidiary of Rakaa Holding, and has developed a wide range of properties, that include, malls, residential apartments, office buildings, luxury villas, and farms and ranches in Saudi Arabia.
Labels: Abu Dhabi, Al Reem Island,