ACI

MAG 218 Ready For Handover

The MAG 218 residential tower, built at a cost of AED450 million and consisting of 555 apartments spread over 66 floors, is now complete and ready to be handed over to residents following the official opening ceremony yesterday (Saturday 15 May). Commenting on the handover, Mohammed Nimer, CEO of MAG... 

Buyer awarded refund for off-plan investment

An investor in the Niki Lauda Twin Towers in Dubai was recently awarded a refund by Dubai Courts. Ron Oakley, a British investor, bought two units in the off-plan project launched by the german developer, ACI, in late 2007. In March 2009 he filed a lawsuit against ACI, trying to recover his investments... 

Rose Rayhaan by Rotana to open in December

World’s tallest hotel, Rose Rayhaan by Rotana, is set to open in mid-December, Rotana announced on Sunday. Omer Z. Kaddouri, Senior Vice President UAE of Rotana said: “We are very proud to be managing this landmark property. The Rose Rayhaan by Rotana team, headed by General Manager Daniel... 

Ferretti- and Pershing Luxury Beach Residence launched

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...