Emaar Bawadi launches Maysan Towers in Asmaran

Emaar Bawadi, the joint venture between Emaar Properties PJSC and Bawadi, a member of Tatweer, has unveiled the Maysan Towers, the first residential tower complex comprising three high-rise apartment towers within the 70 million sq ft Asmaran master-planned community in Bawadi.

Only minutes away from the Bawadi Square, the Maysan Towers community is set in lushly landscaped surroundings, and will feature a range of lifestyle amenities such as indoor retail outlets and community services. Ample parking is offered through three basement floors and four partial podium levels. The ground entrance level has a shaded car park drop off.

Nine feet high ceilings in all rooms accentuate the feeling of space and light, and all rooms have tinted double glazed windows for comfort and privacy. The interiors have quality finishes and fittings including natural stone countertops and cabinetry. The kitchen comes equipped with a bench-top ceramic electric 4-burner hotplate, dishwasher and refrigerator.

When completed in phases, Asmaran will be home to over 55,000 people and will feature a family-oriented theme park with a wide range of attractions. Asmaran also features 4 million sq ft of commercial space; a mall with gross leasable area of 3 million sq ft and several retailers; more than 5,300 serviced apartments, and nine world-class hotels with over 5,150 keys. All facilities within the project will be linked by internal roads and walkways leading to a central community centre.

Bawadi is envisaged as the longest chain of luxury hotels in the world along a 10 kilometre stretch which will add 51 luxury hotels, 40 million square foot retail space and more than 60,000 rooms to Dubai.

Warsan Estate by Emaar Properties

Emaar Properties has expanded its property portfolio in Dubai with the unveiling of Warsan Estate, an exclusive residential community located on Al Awir Road. The masterplan of the project, currently being finalised, envisages over 500 single family townhomes that will appeal to residents who value the privacy of villa living in an immaculately laid out residential community.

To be spread over 3.4 million sq ft, Warsan Estate is the newest project of Emaar that highlights the company’s focus on developing its extensive land bank in Dubai and adding value to customers by offering an elegant neighbourhood perfect for families.

Warsan Estate is located away from the bustle of the city, and in close proximity to varied leisure venues such as the Dubai Autodrome and Global Village, among others. Easily accessible from Abu Dhabi, Sharjah and the rest of Dubai, Warsan has ease of connectivity from Emirates Road and Al Khail Road thus adding to the convenience of residents.

Sama Dubai launches construction on QAR 2.3 Bn ‘Dubai Towers’ in Doha, Qatar

Sama Dubai, the international real estate investment and development arm of Dubai Holding, has commenced infrastructure work on the QAR 2.3 (Dh20) billion mixed use corporate towers - ‘Dubai Towers - Doha’. Ongoing construction work includes advanced enabling (substructure) works and tower piling. Podium piles have already been installed, with the main structure ‘building’ works scheduled to commence in the first half of 2007.

Located on the Corniche in the West Bay area of Doha, the project is set to be one of Qatar’s iconic landmarks and a prominent feature of Doha’s new skyline. The mixed-use corporate towers have been conceived to deliver the complete corporate experience in the heart of Doha’s bustling new business district. Projected to reach a soaring height of 435 meters, ‘Dubai Towers - Doha’ will help enhance the city’s diverse offerings and cosmopolitan character. Providing premium corporate real estate facilities with services and amenities catering to the local and regional business community, the towers will meet the rising demand for first-rate office space, quality residential units and hotel rooms.

Rotating Tower

The construction of Rotating Tower in Dubai is about to begin, and the official launch of the project is set to be in New York on June 24th. The idea behind Rotating Tower is that the rotation of each tower caused by winds, along with solar panels, will cover the building’s energy supply completely. In fact, the architect, David Fisher, claims it will produce ten times the energy it needs.

The cost of the 59-floor tower is estimated to be Dh 1.3 bn, and each floor will consist of 12 prefabricated modules, equipped with piping and electrical conduits.

Trump International Hotel and Tower

Nakheel has signed a contract with an Al Habtoor / Murray & Roberts joint venture for the construction of the Trump International Hotel & Tower on Palm Jumeirah.

The contract valued at AED 2.9 billion has been awarded for the construction of the eagerly awaited 62-storey structure, which is set to become a focal point of the Palm Jumeirah. The 270 metre design, which has a total gross built-up area in excess of 250,000 square metres, will feature two towers that rise above the Palm Monorail and central park, merging as one towards the sky. The development comprises a unit mix of 378 hotel rooms and suites, 385 condominiums, 12 exclusive townhouses, and 45,000 square feet of retail and 60,000 square feet of office space.

Future projects in Abu Dhabi

A newly released report from the Abu Dhabi Chamber of Commerce & Industry indicates that the emirate will invest more than $270 billion USD within the next five years in real estate developing. With increasingly high levels of occupancy and imbalance between supply and demand (as stated in a study released in 2007 by Shuaee Capital and Colliers International), it seems like Abu Dhabi is ready to face the high demand of real estate projects.

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