Deyaar unveils new corporate identity to mark strategic shift
August 28, 2008 by UAERush · Leave a Comment
Deyaar, whose former chief executive Jack Shahin is under investigation for wrongdoing, yesterday unveiled its new corporate identity, reflecting the company’s strategic shift from single-tower projects to larger communities in master-planned developments.
The introduction of a new corporate identity is in line with the company’s vision as it seeks to enhance its status as the leading complete one-stop real estate solutions provider based in Dubai. This new corporate identity represents Deyaar’s approach to develop signature communities, through which it seeks to further enrich the lives of its customers.
Chairman Nasser Bin Hassan Al Shaikh said: “The future will see us enter new markets and further expand our presence in master-planned developments to encompass a broader range of real estate offerings. As the company grows, we will continue to retain our sharp focus on serving the interests of our key stakeholders including our customers, tenants, shareholders and staff.”
“The Deyaar brand is one of optimism and consideration.
“The core purpose of this brand, as envisioned at the time of its inception, is to make a difference in people’s lives. What makes this new corporate identity truly special is that it reflects the strategic shift in our focus.”
Ferretti- and Pershing Luxury Beach Residence launched
August 27, 2008 by UAERush · Leave a Comment
ACI Real Estate and Ferretti Group today launched two luxury waterfront residences, “Ferretti Luxury Beach Residence” and “Pershing Luxury Beach Residence”. Announced earlier this year, the two companies joined hands in what is believed to set new trends in luxury waterfront living. The freehold ownership project branded as “Marine Legends”, valued at about UAE 6 billion Dirham - over USD 1.6 billion - and situated at the Waterfront, offers a sprawling 1,969,607 Sq Ft of saleable area.
“This deal has furthered the vision we have at ACI Real Estate, which is to bring world class luxury living to Dubai. The Ferretti Group has been a leading luxury brand for decades now. We at ACI Real Estate want to blend Ferretti’s expertise into our real estate projects and provide our customers with the best of both worlds”, said Robin Lohmann, Managing Director of ACI Real Estate.
Vincenzo Cannatelli, CEO of Ferretti S.p.A., added: “The whole world is coming to Dubai and at ACI Real Estate we have found our match. This strategic venture is a result of mutual professional admiration and recognition of our common values.”
The Ferretti Group is globally renowned for its luxurious, high performance yachts. This unique partnership is another example of ACI Real Estate creating a unique concept to add tangible and intangible value to its offerings. The result in this case is a convergence of prime real estate with a world famous luxury brand to fashion an out of this world living experience.
The twin tower Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence are, quite simply, unique. With landscaped gardens amidst canal and sea views, the property offers the latest amenities such as pool, fitness center, sauna and Jacuzzi, and a little something else: eight luxury yachts per brand will be available for residents to charter at preferential rates. These yachts will be purchased by ACI Group. The twin tower Ferretti Luxury Beach Residence will have over 44 floors each, while the Pershing Luxury Beach Residence will have over 41 floors, along with individual retail units at the ground floor of each tower. Ferretti Yachts and Pershing Yachts designers are proposed to design common areas of the towers, lending them their signature touch of elegance and sophistication.
Robin Lohmann, Managing Director of ACI Real Estate further added, “With the Ferretti Group, we will develop an innovative concept: a waterfront project with one of the world’s most exclusive yacht brands, offering something different, something extra for those who demand only the best. That’s the ACI Real Estate advantage.”
The project is slated for completion by 2011.
Schön Properties signs AED 1.171 Bn contract with Belhasa for Dubai Lagoon
August 27, 2008 by UAERush · Leave a Comment
Schön Properties, developers of the AED 3 Billion Dubai Lagoon Development, has signed an AED 1.171 billion contract with Belhasa Engineering and Contracting Company LLC (BHECC), to handle the construction of zones 3 and 6 of the exclusive mixed-use project.
Site work is scheduled to begin in October 2008, with a projected completion date between the end of 2010 and beginning of 2011. BECC’s remit will include all civil, architectural, construction and MEP works as well as air conditioning and service facilities, for a total of 17 buildings.
Asher H. Schön, Vice President of Schön Properties, expressed his confidence in the newly appointed contractors, saying,
“We have been in negotiations with a number of leading contractors for these next zones, but Belhasa Contracting and Engineering Company really stood out with a very impressive track record and highly professional attitude towards our requirements. We are looking forward to moving ahead on the project and working closely with BHECC.”
BHECC General Manager, A.G.Abdul Azeem, commented on the deal, “The Dubai Lagoon is a very interesting project and one that we feel more than equipped to handle with our sturdy background in large-scale development on many varied projects. Building the skyline of new Dubai and delivering fantastic end-products to customers are two key drivers in our decision to sign with Schön Properties.
With a sterling reputation in the market, BHECC is one of Dubai’s larger construction companies, and has undertaken a wide range of construction projects comprising - 5 star Hotels, Mosques, Multi-storey residential complexes, buildings for governmental institutions, shopping malls, multipurpose indoor sports halls, auditoriums, schools and office blocks. Some of BHECC projects have included construction of 200 residential units in the Green Community, 10 office blocks as well as the 48 storey Salam Tower in Dubai Media City, Movenpick Hotel (Holiday Inn) in Oud Metha and three, 50 storey mixed-used buildings in Cluster-X of Jumeirah Lake Towers, among numerous other large-scale projects.
The announcement follows recent news that Powerline Gulf has been maintained on the first 2 zones only, with site work for these zones currently mobilizing to resume construction.
Establishment of Dhs4bn Nobles Investments announced
August 27, 2008 by UAERush · Leave a Comment
Nobles Investments, a newly established AED 4 billion real estate development company has been announced in Dubai, UAE. The company will be focusing on the ever-growing real estate markets in UAE and the Middle East, and is fully committed to launching several high-end projects by the end of the year.
Speaking at the occasion, the Founding Chairman of the company Mr. Omar Ayesh said:
“The establishment of Nobles Investments inaugurates numerous years of industry experience, and fuels a totally new concept the company is set to introduce based on global best practices and business ethics. The company has adopted “The Art of Life” as a core strategy, where performance revolves around three pillars; the team, the customers and the strategic partners”.
Nobles Investments is committed to attracting the best industry talents who are destined to share the glory of NoblesC success story as part of the team. The company is offering competitive and attractive packages, and is providing a dynamic working environment that has been carefully designed to stimulate creativity and team work. The offices and showrooms are equipped with areas designated for entertainment and refreshment, along with a specialized day care centre.
Nobles values its customers as partners in success. The company has laid plans to cater for their needs with the most profitable opportunities that guarantee the highest levels of comfort, convenience and ultimate returns. Nobles’ upscale projects will adhere to top international quality standards, and will be equipped with seven-star luxurious facilities at affordable prices. The company has adopted a new philosophy towards customer services, targeting top satisfaction not only during the sales process, but also after the sale
Nobles Investments has selected its partners with great care and has only formed alliances with world renowned, reputable and credible companies. The company will adopt the highest international standards in dealing with its partners, be it engineering consultants, contractors or marketing agencies, to work together for mutual success.
Every office and showroom of Nobels’ will be supported with a state of the art business centre, equipped with all the necessary means of communications and services such as internet and refreshment areas to provide hospitality to its business partners and customers.
Mr. Ayesh’s seasoned leadership within the regional real estate industry has earned him several notable awards. He was voted “CEO of the Year 2007″ in the Property Development category of ITP Publishing GroupCs annual CEO Awards. He has also been awarded Ernst & Young’s “Middle East Entrepreneur of the Year 2007”, which recognizes outstanding entrepreneurs on a regional and global level. Most recently he was the receiver of the prestigious Mohammed Bin Rashid Al-Maktoum Business Award 2007.
Emaar Properties unveils ’smart living’ with 18 Burj Dubai Boulevard residential tower
August 26, 2008 by UAERush · Leave a Comment
Emaar Properties will unveil one of Dubai’s pioneering urban professional residential towers, designed by international architects and centrally located within Downtown Burj Dubai. A two tower complex, 18 Burj Dubai Boulevard elegantly incorporates curvilinear architecture, and is designed to maximize its spatial dimensions and is located on the vibrant Burj Dubai Boulevard.
“Urban professional residences are a new trend in modern residential architecture with the accent being on maximising spatial use. Emaar is building on this trend with 18 Burj Dubai Boulevard, a valuable addition to the diverse portfolio of projects in Downtown Burj Dubai. Homes in 18 Burj Dubai Boulevard are specifically designed to meet the needs of discerning buyers who value a modern lifestyle in one of the most sought-after destinations in Dubai,” said Mr Saif Al Mansoori, Sales Director, Emaar Properties.
Featuring a 47-storey and a 31-storey tower, 18 Burj Dubai Boulevard also incorporates a pavilion level nestled between the two towers. The pavilion features a distinctly designed swimming pool and Jacuzzi, with several areas specifically designed for relaxation.
18 Burj Dubai Boulevard also features studios, one-, two- and three-bedroom homes designed with the optimal use of space in mind and replete with modern finishes, luxury fittings and advanced telecom & entertainment connectivity. Apart from the pavilion amenities, residents can also access an indoor swimming pool, a multi-purpose lounge with a central seating area, dining and sports rooms and exterior lounge with private dining and barbecue facilities, games room, children’s play area and a full-size squash court.
“The central location of 18 Burj Dubai Boulevard on Downtown Burj Dubai offers residents the convenience of being in close proximity to The Dubai Mall, one of the world’s largest shopping and entertainment destinations, and the financial and business nerve-centres in Dubai,” added Mr Al Mansoori. “In addition to the Dubai Metro for enhanced connectivity, residents can also benefit from the Burj Dubai Tram system that connects all nodal points within Downtown Burj Dubai - regarded as the new ’soul of Dubai’ and the most prestigious square kilometre on earth.”
Sale of homes at Tower 1 of 18 Burj Dubai Boulevard will be held from August 30, 2008, at Emaar Business Park and Emaar’s Abu Dhabi Sales Centre from 9am to 6pm. Dubai and other Emirate residents wishing to buy from Emaar Business Park must register online, while Abu Dhabi residents can make their purchases on a first-come, first-serve basis at the Abu Dhabi Sales Center. Online registration begins on August 27, 2008 at www.emaar.com. Several financial institutions are offering easy home finance options.
Potential customers can call toll-free 800-EMAAR (36227) or log on to www.emaar.com for more details on 18 Burj Dubai Boulevard which is designed and engineered by KEO International Consultants, an award-winning architectural design firm. 18 Burj Dubai Boulevard is a perfect complement to the modern residential towers in Downtown Burj Dubai that have opened to strong investor response.
Downtown Burj Dubai is the flagship mega-project of Emaar. Considered the newest neighbourhood in Dubai and covering 500-acres, Downtown Burj Dubai will feature a bustling boulevard that will strengthen the community life that is already taking shape. Currently open are three hotels in the area, Al Manzil, Qamardeen and The Palace, The Old Town which is directly connected to Souk Al Bahar, a shopping mall featuring Arabesque architectural elements. The area will feature a fountain that is envisaged as one of the world’s finest water features integrating musical and attractive visual elements.
Dh50 billion Culture Village closer to completion
August 26, 2008 by UAERush · Leave a Comment
Dubai Properties, master real estate developer and a subsidiary of Dubai Properties Group (DPG), a member of Dubai Holding, announced that the Dh50 billion Culture Village project has crossed key construction milestones, including the completion of 90 per cent of the Dh1 billion infrastructure works.
Dubai Properties recently premiered Culture Village’s residential component at Harrods in London to an excellent reception from investors.
Canal works within the 40 million sq. ft. Culture Village site, situated next to the Garhoud Bridge along the Dubai Creek, is 95 per cent complete. While the residential, commercial and retail districts within the project are being developed by 15 private developers, building works for these districts are being simultaneously undertaken. One of the most distinct developments on site will be the Palazzo Versace Dubai, a project by Gianni Versace Spa and Sunland Group Ltd, which is also 25 per cent complete.
Hashim Al Dabal, Executive Chairman, Dubai Properties Group, said:
“Culture Village is an important element of Dubai Properties’ total portfolio. It gives me great pride to witness the steady realization of a dream that began when Dubai’s leadership envisioned a project that would strengthen our city’s art and cultural offerings.”
Tatweer officially unveils master plan for The Tiger Woods Dubai
August 25, 2008 by UAERush · Leave a Comment
Tatweer and Tiger Woods, Chairman of Tiger Woods Design, today officially unveiled the master plan for The Tiger Woods Dubai, the exclusive residential golf community.
Scheduled for completion in 2009, The Tiger Woods Dubai fittingly combines the vision of Tatweer with that of Tiger Woods.
The Tiger Woods Dubai will encompass Al Ruwaya, the first golf course designed by Tiger Woods. The 13 million sq. ft. golf course will offer only 200 memberships with residents of the community being given top priority.
In addition, Al Ruwaya will also include a professionally-staffed golf academy, a 145,000 sq. ft. clubhouse with premium amenities, and a high-end destination spa.
Prior to unveiling the master plan, The Tiger Woods Dubai Project Director, Abdulla Al Gurg accompanied Tiger on a site visit, to walk the course and survey the contouring of the completed holes.
Tiger Woods said:
“When I set out to design Al Ruwaya, I wanted the course to reflect what I truly love about golf - a stern mental and physical test that rewards smart thinking. I believe we’ve achieved that goal with a course that will be fun and rewarding for all skill levels to play.”
Currently, shaping is in progress on the 18 hole, 7,800 yard, par 72 championship-quality course, which includes dramatic elevations, stunning water features and an overall design that will challenge and entertain golfers of all skill levels.
Through a choice of six tees and the careful use of topography, length, width, wind direction, hazard placement and contouring, Woods has created a unique series of holes that will test the mental toughness of a professional as much as his physical stamina, while rewarding only calculated risk taking.
Luxury residences at The Tiger Woods Dubai will include 22 palaces, 75 mansions, and 100 signature villas. All residences will be situated on large land areas: palaces (100,000 sq. ft), mansions (50,000 sq. ft), large villas (30,000 sq. ft) and will include cutting edge home technology and exquisite landscaped gardens. The master guidelines have been carefully chosen to ensure the entire community enjoys amenities of the highest standards of quality and consistency.
The 360,000 sq. feet luxury boutique hotel will include 90 suites and 14 bungalows in sizes varying from 1,600-9,500 sq. feet. The hotel will target top-tier clientele and boast a 10,000 sq. foot swimming pool, as well as one of Dubai’s most exquisite spas.
The interiors of The Hotel will be designed by renowned Lebanese designer Elie Saab and reflect his personalized style that is defined by a fusion of simplicity, luxury and modernism. It will also feature Michelin three-star chef Guy Savoy’s first signature restaurant in the region.
AME Info/Press release
Chapal Flora villa sales hit Dh400m at launch
August 25, 2008 by UAERush · Leave a Comment
Chapal Flora Residences. a cluster of villas being built in Ajman, has fetched Dh400 million in revenue as soon as sales were launched, a top official at Chapal Real Estate said.
Spread across four million square feet, Chapal Flora Residences comprises 1,762 villas with easy access to three international airports and is close to Dubai, Sharjah and Ras Al Khaimah.
The project was designed by Adnan Saffarini Architects, one of the most established and acclaimed architectural companies in the northern emirates.
Located on Emirates Road, the project offers two-. three-, four- and five-bedroom duplex villas and town houses.
Each villa is themed on a particular flower and has a unique floor plan that features a living and dining area on the ground floor with two floor levels.
Each villa will offer soft colour schemes, trendy sitting areas, wireless internet access, large open rooms for kitchen, living and dining areas with well-planned flooring and high finishes serving everyday needs to its residents.
The cluster will also feature a shopping arcade, family entertainment, health and leisure facilities, mosques and a school.
Ahmad Chapal, executive director of Chapal Real Estate, said: “The attraction to town planning specified for Chapal Flora Residences, which is 45 per cent open planned, comes from over 40 years of experience in developing residential communities for up market clientele.
Planning
“Community and infrastructure planning are the main key for demand of investment. The response to our offer although was tremendous and overwhelming. We are very pleased that the investors and home buyers have extended their trust on quality of the residential home.”
Owned by Mohammad Ameen Chapal, the company has more than 40 years of real estate development heritage to its credit.
The company entered the UAE market two years ago to tap the vast opportunities in the lreal estate market. It is developing towers in Dubai and Ajman, with portfolio valued at more than Dh20 billion.
Dubai Towers scoops prestigious property award
August 24, 2008 by UAERush · Leave a Comment
Sama Dubai, the international real estate investment and development arm of Dubai Holding, today announced its Dubai Towers-Doha project has won honours in three categories at the coveted CNBC Arabian Property Awards 2008.
The prestigious awards for Property Marketing, High-Rise Architecture and Best Developer Website, will be presented to Sama Dubai at a gala dinner to be held on 19 October at The Madinat Jumeirah in Dubai.
Farhan Faraidooni, Executive Chairman of Sama Dubai, said:
“We are proud our brand is synonymous with success in the regional and global markets. The prestigious awards for our Dubai Towers portfolio further consolidate our status as an international real estate master developer. Such coveted recognitions motivate us to expand our horizon and strive harder in our commitment to exceed expectations.”
Chaired by Eric Pickles, British Shadow Secretary of State, the awards’ panel comprised eminent global real estate experts, including design and architecture consultants.
Faraidooni added:
“The awards reiterate the UAE’s relentless pursuit of excellence. It also gives our brand higher credibility, allowing us to run the distinctions across all our marketing and communications strategy. In addition, investors will also be confident of making a informed decisions while selecting Sama Dubai as their master developer of choice.”
Earlier this year, CThe LagoonsC, a freehold, mixed-use project being developed by Sama Dubai, won two awards at Cityscape Abu Dhabi 2008. The Best Mixed-Use Development award was presented to CThe LagoonsC for its unique concept, components, overall planning and vision, while the Best Corporate Social Responsibility award was given in recognition of its vigorous efforts to preserve and enhance wildlife at the Ras Al Khor Wildlife Sanctuary.
Hydra Executive Towers underway
August 24, 2008 by UAERush · Leave a Comment
Hydra Properties, the leading UAE-based international property developer, today announced the completion of 60% of excavation work for the magnificent Hydra Executive Towers located at Al Reem Island in Abu Dhabi.
Hydra Executive Towers consists of three towers and two of them will rise up to 30 stories each and function as offices. The third tower is planned with 24-stories and will offer serviced apartments.
The towers are coming up along a waterfront promenade and will be interlinked by lush landscaped plazas with signature clusters of date palms. World class shopping and dining establishments will line the waterfront which will offer an array of water based activities and sports.
Commenting on the swift progress of the much sought after project, Dr. Sulaiman Al Fahim, Chief Executive Officer, Hydra Properties, said:
“Hydra Executive Towers will go a long way to fulfill the long felt need for sleek business towers in Abu Dhabi. Executive Towers will empower decision makers by offering them unique business spaces and facilities that will play an intrinsic role in their growth and in formulating a vision for the future. I have no doubt that Hydra Executive Towers will act as an excellent launching pad for many a successful business venture in Abu Dhabi.”
Giving an update on the project, Eng. Jonathan Ing, Project Manager, Hydra Properties, said:
“Hydra Properties has employed its logistics muscle in a fruitful manner to speed up the enabling work. The initial phase of the project is going ahead of schedule and 60% of excavation work has been completed.”
The project is expected to be finished by September 2011, and is executed by Tafseer Contracting Company while National Engineering Bureau acts as the engineering consultancy.
Hydra Executive Towers will also have business lounges, high-speed internet services, tranquil landscaped areas, refreshing greenery, pedestrian walkways, ample basement car parking and a drop off area for important employees and clients.
The interior of the Towers is designed to offer new levels of civilized refinement not previously found in the region. The serviced apartments in the towers will employ state-of-the-art smart home technology to provide residents an unmatched living experience. The apartments, to be managed by a leading luxury hotel group, are available for outright sale.
AME Info/Press release
