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.
“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.
August 14, 2008 by UAERush · Leave a Comment
Al Rashed Real Estate today launched Dhs3.6bn freehold commercial and residential towers in the Northern Emirates, Ajman, and joined hands with ACI’s marketing expertise, to strengthen its hi-end real estate solutions.
Springfield Residences and Highfield Commercial Towers - comprising four towers each - are located in Humaid City in Ajman, a self-contained development featuring a mix of residential and commercial complexes.
Taking advantage of their strategic location on Emirates Road, the towers will be surrounded by lakes and green parks, as well as shopping facilities.
Each residential tower will offer 25 floors to its residents, while each commercial tower will boast 45 floors - with a total built up area of more than half a billion square feet.
Commenting on the partnership, Mr Ahmed Al Kaabi, Chairman and Founder of Al Rashed Real Estate said,
‘We share ACI’s rare spirit of excellence, and we are both humbled and honoured by the local and international marketing partners ACI has been able to attract. We strongly believe that our association will epitomize uncommonly high standards in every sense of the word.’
Speaking on the alliance with Al Rashed Real Estate Mr. Robin Lohmann, Managing Director of ACI Real Estate said,
‘At ACI we are very selective about our ventures and each must display uncommon synergy and culminate in purposeful, sustained yields. We are honoured to market the project for Al Rashed Real Estate, who strives to set high standard of quality, creating innovative concepts and added value for customers.’
With focus on meticulous attention to detail and majestic opulence, all towers will offer a plethora of high-tech facilities in an environ that affords plenty of natural light and stunning views.
The commercial towers will offer ultra-modern office spaces and will feature a floor-to-ceiling glass atrium lobby.
Springfield Residences will encompass studios, one and two bedroom apartments. In addition, the residential towers will feature a tranquility zone for the residents, where they can indulge in one of several state-of-the-art features of the recreational center - such as the Jacuzzi, roof top swimming pool, gymnasium and sauna.
Mr. Robin Lohmann, Managing Director, ACI Real Estate further added,
‘We are honoured to be associated with Al Rashed Real Estate on this prestigious venture. Our initiatives in Ajman will be aimed at providing competent marketing solutions to the company and fuel it towards the path of success.’
The development is slated for completion by 2012.
The properties are developed by Al Rashed Real Estate, and marketed by ACI Real Estate - the name behind some of the region’s most sought after projects including the Sports Legend Trilogy.
August 13, 2008 by UAERush · Leave a Comment
Chapal World is set to launch its latest project in Ajman, the Chapal Flora Residences, giving homeowners a rare opportunity to enjoy a luxurious villa lifestyle surrounded by cool ambience and verdant greenery, at an affordable price.
This community development will have about 1,500 villas spread out over a vast built up area of 4.2 million sq. ft. of land and involves a massive investment of about Dhs4bn. Chapal will be displaying its commitment to the environment in this project by adhering to green codes using environmental friendly construction techniques and material.
The project is ideally located just off Emirates Road and behind Emirates Lake Towers, the Dhs10bn master development by Chapal on Emirates Road. This gives the residents in Chapal Flora Residences the priceless advantage of easy access to the three key international airports, the free zones, and the emirates’ chief cities of Dubai, Ajman, Sharjah and Ras Al Khaimah. What makes it even better is that they can close to the heart of the cities without the disadvantage of staying in the crowded environments of the inner cities with its pollution and gridlocked traffic.
Jawad Chapal, Executive Director for Chapal revealed the thinking behind this new development by explaining, ‘We created Chapal Flora Residences to bring back the warm spirit of belonging to a community that has all but vanished in the fast paced modern world with its anonymous, high rise lifestyles.’ This philosophy is clearly evident in the development which will have almost half its space reserved for community areas including scenic public park, mosque, gardens, play areas, tennis courts, swimming pools, health clubs, shopping centres, and other facilities that cater to the residents’ needs. This community environment will result in an enhanced quality of family and social life, and make Chapal Flora Residences one of the most desirable residential locations in the country.
Chapal as usual has spared no effort in maintaining the world class standards of its projects. The development has been designed by internationally renowned architect, Adnan Saffarini. Their reputation for elegant elevations and meticulous attention to detail will ensure these modern style villas are perfect in every way. The villas have been designed to create a feeling of spaciousness inside to complement the wide open spaces outside, with particular attention being given to good finishing and high standards of quality in workmanship as well as the fittings used.
The current booming market scenarios have been entirely created and constantly nurtured by the visionary policies of the UAE governments. Their strong support and encouragement has given an established master developer like Chapal World the confidence to unleash their vision and present projects of magnitude previously unseen, including one that will be the largest development in Ajman. Chapal has also put into motion detailed plans for its portfolio expansion in Dubai, as well as globally in North Africa and Pakistan.
Other projects in the pipeline include two freehold Residential Towers - Chapal Tropicals and Chapal Marines. Modeled on the popular Emirates Lake Towers communities in Ajman, Chapal Tropicals will offer an extended lifestyle to residents seeking an affordable housing solution in the vicinity of booming Dubai. The complex will have over 800 residential apartments in a mix of Studio, 1, 2 and 3 bedroom units within its 50 storeys. On the other hand, Chapal Marines is modeled on the water based theme of Chapal Corals and is a rare opportunity for investors seeking early and high capital gains. This 30 storey tower will offer a lakeside lifestyle with breathtaking views and a refreshing environment. Residents will also enjoy the privileged access to the extended Chapal Club House facilities which is restricted to tenants of Chapal projects located in Emirates Lake Towers.
Chapal chose to locate Flora Residences in Ajman for many reasons. The relatively low prices as compared to the other emirates allow Chapal to implement its philosophy of proving luxury living at affordable prices. Ajman was among the first emirates to allow 100% freeholding, including resident visa status for owners and their families. The emirate has now followed up with an ambitious program to woo investors that is proving to be very successful. The resulting inflow of funds has led to a real estate boom in Ajman which is rivaling that of Dubai. This makes Chapal Flora Residences a good buy even when looked at purely as an investment.
One of the chief driving forces behind the success of Chapal is its enviable reputation for delivering on their promises. Investors and homeowners have been pleasantly surprised to find work going on at full swing in all the Chapal projects they have invested in. This in turn has heightened interest in Chapal Flora Residences, and the project looks all set to be a runaway success.
AME Info/Press release
August 4, 2008 by UAERush · Leave a Comment
JCA Real Estate today unveiled Emerald Tower, a 100% freehold residential tower to be built in the Emirate of Ajman, UAE. To be built at an estimated cost of AED 252 million, the Emerald Tower will be situated in the newest development area of Emirates City, located on Emirates Road, Ajman.
The Emerald Tower is a 50-storey residential tower equipped with full amenities like health club, swimming pool, advanced CCTV and safety systems, prayer room, 8 high-speed elevators along with covered car parking for each unit.
JCA Real Estate, an associate company of Jitendra Group of Companies, said that Emerald Tower will boast of an earthquake resistant structured design and entire tower will have quality architectural designs crafted by none other than Adnan Saffarini Engineering Consultant.
JCA Real Estate also announced that it has been appointed as the exclusive sales and marketing agents for the Emerald Tower by its developer BSEL Infrastructure Realty FZE. Under the agreement, JCA Real Estate will have the exclusive rights to market, advertise and sell Emerald Tower anywhere in the world.
Speaking at a press conference, Jitendra Gianchandani, Chairman, JCA Real Estate & Founder, Jitendra Chartered Accountants, said: “We are glad to offer investors and buyers an excellent property in Ajman which will not only offer a good life style but also good returns. For the first time in the history of Ajman real estate, we are offering guaranteed 11% returns to investors. This is a manifestation of our belief that the Emirate of Ajman will continue to grow in the future.”
R. Lewis, Chief Executive Officer, JCA Real Estate said: “The launch of Emerald Tower heralds a new chapter for our company. Till now we have brokered many real estate deals, and now we are ready to take-off in a big way. We will be doing international road shows to promote Emerald Tower. With booking amount as low as AED 10,000, buy back guarantee by the developer and UAE residence Visa -Subject to immigration laws or approval-, we are confident of attracting local as well as foreign investors.”
Christina Cabading, President, BSEL, said:
“Emerald is our fifth tower on the market, the earlier four being Pearl, Fayrooz, Kahraman & Almas. For the first time we have entered into an exclusive sales and marketing tie-up and we are already seeing the benefits of it. We find JCA Real Estate as our partner of choice with a very young and dynamic team burning their midnight oils to achieve results. With the recent landmark real estate law and the $ 2 billion 1000 MW power plant announcement, Ajman is fast emerging as the Emirate of choice.”
Investors and buyers can opt between 1 Bed and 1 Bed plus study room apartments, ranging from 730 sq. ft to 1070 sq.ft. The prices range from AED 346,750 to AED 508,250.
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August 3, 2008 by UAERush · Leave a Comment
Ras Al Khaimah-based Peace Builders and Developers on Saturday announced here its maiden project - Peace Tower - in Ajman to be built at a cost of Dh60 million.
The freehold residential project will be built in Ajman’s Marmooka City, located 35 kilometres from the Dubai International Airport, Peace Builders’ managing director Nasir Mahmoud told a news conference. He said the company purchased 125,000 square feet of land for Dh10 million for the development.
“The introductory price, valid until August 31, is Dh475 per square foot. It’s lower than the prevailing market price in Ajman, which is about Dh500 per square foot,” Mahmoud said.
He said in all, there will be 154 apartments on the proposed 14 floors. In addition, there will be a five-level parking with facilities including a business centre, swimming pool, health club and library.
The buyer will have the option to buy studios, one- and two-bedroom apartments. The size of the apartments ranges from 552 square feet to 1,140 square feet of carpet area, Mahmoud said.
Peace Tower is scheduled for completion in November 2011, Mahmoud said. “The drawings for the project are likely to be approved by authorities by the end of August this year,” he said.
July 17, 2008 by UAERush · Leave a Comment
Awali Real Estate Investment yesterday announced the launch of four towers valued at Dh1.2 billion located within the Dh20 billion Awali City in Ajman.
The 25-storey Mashrabia Residence will be residential twin towers, comprising of 800 apartments. The residence will be around 14,965 square feet on each floor. Mashrabia Residence will also have a swimming pool, health club, retail space and seven levels of parking facilities.
The two Chevron commercial towers will be 25 storeys each and will offer a total of 15,000 square feet of office space on each floor. There will be 304 offices in each tower and also include a health club, gym and retail space.
Prices start at Dh575 per square foot, with an extra Dh3 added per floor for Mashrabia Residence.
In Chevron commercial tower, prices start at Dh650 per square foot with Dh3 added per floor.
Both projects are due for completion at the end of 2011 and have a combined value of Dh1.2 billion.
Mohammad Al Nemer, chief marketing officer of Awali Real Estate, said that Awali City was the “first in a series of projects” that Awali will launch this year.
“The demand for real estate has grown significantly over the last few years, prompting developers to launch a number of mega projects in the emirate, in a bid to fill the gap between supply and demand,” Al Nemer said. He added that the Government of Ajman has developed a sound infrastructure system and reformed its laws to ensure complete accessibility and transparency of the Ajman real estate market.
Awali City is a Dh20 billion development in Ajman on Emirates Road and is being developed on 33 million square feet of land.
Of the Dh20 billion, Awali Real Estate investments represent around 30 per cent, or Dh8 to 8.5 billion, according to Al Nemer.
It will include 136 plots of land designated for residential and commercial use. There will also be a range of towers, varying from 17 to 50 storeys, thought to eventually accommodate 120,000 people.
Al Nemer said the Dh65 million design and engineering contract for 15 residential and commercial towers in Awali City had been given to Adnan Saffarini Engineering consultants.
The 15 towers include 11 towers of 32 storeys each, which form the northern and southern gates of the city and four 50-storey buildings, which form the entrance to Awali City from Emirates Road.
Around 60 per cent of Awali City will be open space with only 40 per cent representing the built-up area.
June 9, 2008 by UAERush · Leave a Comment
Al Zorah Ajman is scheduled to be finished over a 16 year period. This project is the biggest ever in the emirates history, and more details have now been presented:
Phase 1A: 14.8 million sq m
Phase 1B: 2.2 million sq m
Phase 2: 4.1 million sq m
Total: 22.1 million square metres within a 16 year time frame
More info on Al Zorah can be found here
May 5, 2008 by UAERush · Leave a Comment
Al Zorah was recently announced with the presence of his highness Sheikh Humaid bin Rashid al Nuaimi, as the biggest project in the emirates history. Read more…
