The Tiger Woods Dubai on course to meet schedule

The Tiger Woods Dubai, a member of Tatweer Dubai, on Monday said construction of the 55-million square foot golf community development is rapidly progressing towards its scheduled completion timeline of end-2009.

Significant progress has been made on all facets of the development, including Al Ruwaya Golf Course, the world’s first to accept design cues from the champion golfer.

A club house and a boutique hotel designed by the celebrated designer Elie Saab are also coming up according to plan.

The Tiger Woods Dubai has also reported increased demand since the launch of sales in July and is receiving continued interest from end users and investors alike.

Abdullah Al Gurg, project director, The Tiger Woods Dubai, said: “The pace of progress validates our commitment to deliver on our promises, not only with regard to the completion dates but also with creating a development that is amongst the most sought after golf destinations worldwide.

A key component that has registered steady progress on site is the Al Ruwaya Golf Course, where 13 holes have been rough shaped and detailed shaping is progressing on nine of those holes.

Drainage, irrigation and landscape are being installed on the first few holes, and with 25 hectares of grass already in the nursery, sod is expected to be laid in November.

Most of the 11,000 trees required for the golf course have been procured, while approximately 350 mature trees have already been planted on the course. Construction of the lakes is also registering significant progress in line with the projected completion date of the golf course.

The final stages of design for the exclusive 360,000 square foot luxury boutique hotel is being finalised, with construction of the exclusive hotel due to commence next month and achieve completion by the fourth quarter of 2010.

The Tiger Woods Dubai has also signed an agreement with world renowned, three-star Michelin chef Guy Savoy for a signature restaurant, his first in the Middle East, at the boutique hotel.

The hotel will include 90 suites and 14 bungalows in sizes varying from 1,300-9,500 square feet. Targeting top-tier clientele, it will boast a 10,000 square foot oasis-style swimming pool, as well as a spa.

Gulfnews

Dubailand breaks ground for AED1.5bn Palmarosa spa community project

Dubailand, the world’s most ambitious leisure, tourism and entertainment destination and a member of Tatweer Dubai, today announced it broke ground for its 2.5 million sq. ft. Palmarosa project, the first spa lifestyle community in the Middle East.

The groundbreaking for the AED1.5 billion project was conducted by Mohammed Al Habbai, Senior Vice President of Dubailand, and Gaurav Goel, CEO of Palmarosa, in the presence of senior officials from both organisations.

Palmarosa, the first spa lifestyle community in the Middle East, will consist of 217 villas and town houses, serviced apartments, club houses, offices and a five-star hotel along with a spa mall that will be dedicated to selling spa products at Dubailand®.

To be developed by Gulf Developers, Palmarosa will be ideally located off Emirates Road behind the Arabian Ranches, offering residents a unique lifestyle and ultimate relaxation through various forms of holistic healing and well-being. Designed as Dubai’s primary botanical wonder, it will feature majestic palms, bubbling fountains and unique variety of plants and flowers meticulously selected to instill peace to the body, mind and soul.

Mohammed Al Habbai, Senior Vice President of Dubailand® said:

“We are very proud to announce the groundbreaking for the Palmarosa project, reiterating Dubailand’s commitment to delivering the project as scheduled. It also strongly affirms our keenness to provide integrated and complementary services catering to the entire family.

“Our aim at DUBAILAND® is to offer a spectrum of diverse offerings, ranging from leisure and entertainment to sports, art and culture, that is complemented by a luxurious lifestyle. We are confident Palmarosa will significantly contribute to the well-being of residents seeking a holistic retreat even while remaining in close contact with the vibrancy of city life.”

The prestigious development will boast one of the largest spa treatment facilities in the region along with a unique blend of traditional and advanced therapies that will ensure visitors are relaxed, refreshed and invigorated.

Gaurav Goel, the CEO of Palmarosa, said: “Palmarosa will contribute to the multi-dimensional offering of Dubailand, providing high end services based on global standards. We are delighted to be developing such an innovative project that will represent a unique gateway from the pressure of city life, and a distinctive platform that will extend residents and visitors unparalleled experiences in luxury and wellness all within their own locale.”

Palmarosa residents will experience legendary hospitality at one of the world’s most idealistic 5-star retreats, the Palmarosa Luxury Hotel. The beautifully styled villas and town houses at Palmarosa will be specifically designed to inspire a feeling of security, tranquility and contentment.

Mizin to unveil Dubai’s first boutique villa community at Cityscape 08

Mizin, the real estate development arm of Tatweer, today announced that it will unveil a contemporary, boutique villa community offering a ‘limited edition’ signature lifestyle.

Located in DUBAILAND, in close proximity to elite neighbourhoods such as Tiger Woods Dubai and Bawadi Boulevard, the Ghaya community will feature spacious villas designed with a minimalist, modern style, positioned on ample sized plots, conferring luxury and privacy.

“Mizin’s growth trajectory is based on the creation of a distinct real estate portfolio comprising high quality projects, derived from a genuine understanding of the needs of different customers. Our developments MAJAN, ARJAN, LIWAN and REMRAAM currently cover 73 million sq ft within DUBAILAND. With the addition of Ghaya, Mizin’s footprint of unique developments will exceed 82 million sq ft,”

said Ahmad Sharaf, CEO Tatweer Investments.

‘While the property sector is receptive to the general shortage of luxury villas in the UAE, Mizin is extending its customer-centric approach by proactively responding to specific lifestyle needs within the luxury market,’ continued Sharaf.

Designed by a team of internationally renowned architects, Ghaya villas have a heightened feeling of space, allowing for maximum admission of light and greater privacy, both of which are areas of differentiation for luxury buyers. Displaying subtle Arabic undertones, the architecture at Ghaya will be distinctly different from existing developments in the market.

The Ghaya villas will offer residents recreational facilities and amenities, including exclusive community centers, club houses, mosques, nurseries, schools, community pools and health care centres. The development will also feature lush landscaped parks, boardwalks and tree-lined walkways.

This new development follows the successful launch of Mizin’s REMRAAM community, which addressed the market need for affordable, yet up-scale housing. The REMRAAM community remains one of the best selling developments in the UAE to date with over 8,000 units sold in just seven months.

AME Info/Press release

Tatweer establishes Tatweer Dubai and Tatweer Investments

Tatweer, a subsidiary of Dubai Holding, has announced a restructuring of its operations where the real estate firm will pioneer as the holding company. Under the new structure, Tatweer Corporate will bring its entities across six diverse sectors under two distinct divisions - Tatweer Dubai and Tatweer Investments. Saeed Al Muntafiq is the Executive Chairman of Tatweer Corporate and responsible for the creation and overall delivery of the strategic plan, corporate governance, risk management and people development.

Al Muntafiq said

“As a strategic driver of a select group of entities, Tatweer’s restructuring initiative is in response to its enormous growth curve. It also marks the transition of Tatweer from its initial phase of identifying core business areas to its next state of delivering critical projects in Dubai while establishing a sound base for international growth”.

Khalid Al Malik is the CEO of Tatweer Dubai. He will focus on scheduled project delivery within the UAE and strategic long-term partnerships with organizations such as Partners-Harvard Medical International, Tiger Woods and Universal Studios. Tatweer Dubai’s entities comprise Dubai Healthcare City (DHCC), Dubailand, Bawadi, Theme Parks Cluster, and Dubai Industrial City.

Ahmad Sharaf is the CEO of Tatweer Investments. He will drive Tatweer’s foray into international markets, leveraging its synergy with global strategic partners. Tatweer Investments will extend Tatweer’s existing intellectual property portfolio and generate innovative IP driven investments and partnerships overseas. It will support MIZIN and establish new businesses in the food industry through alliances with leading international brands.

Tatweer Dubai and Tatweer Investments will work closely together in transforming Tatweer into an excellent organization. The new entities will facilitate the on-time delivery of real estate projects, enhance corporate governance and create an environment for sustainable development.

GoWealthy.com

Tatweer targets Dh200bn by 2013

Dubai-based leisure and entertainment developer, Tatweer – a member of Dubai Holding – will quadruple investments in its projects on the ground in the next five years, reaching Dh200 billion by 2013, said a top official of the company yesterday.

“So far we have invested Dh50bn in projects in Dubai and we estimate that figure to touch Dh200bn in the next five years,” said Khalid Al Malik, Chief Executive of Tatweer.

Speaking exclusively to Emirates Business, Al Malik said the developer would invest Dh40bn towards infrastructure funding in its projects over the coming years. Al Malik said a large portion of the projects will be self-funded, which will include proceeds from land sales. Approximately 20 to 30 per cent will come from the holding company, he said. Tatweer currently has a land bank of 3.5 billion square feet in Dubai alone across its key market entities such as The Tiger Woods Dubai, DreamWorks, Dubai Healthcare City, Dubai Energy, Dubailand, Universal Studios, Bawadi, Global Village, Dubai Industrial City, Mizin, Tatweer Lammtara joint venture and The Dubai Mercantile Exchange.

Tatweer is targeting a return on investment of 15 per cent, Al Malik said.

“As a rule, revenue starts flowing in three years after construction begins,” he said.

However, the seven theme parks planned – Universal Studios, Dreamworks, Legoland, Six Flags, Global Village, Hit Entertainment and Marvel – will start generating revenues collectively from 2009.

Al Malik said he was concerned about rising inflation, but Tatweer has factored in the expected cost overrun, he added.

“We estimate rising inflation to be around one to two per cent monthly. We don’t think this will continue over the years and eventually we will see annual inflation going up by around four to five per cent. This is what we have budgeted within our company operations,” Al Malik said.

Emirates Business

Tatweer officially unveils master plan for The Tiger Woods Dubai

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

Tatweer invests Dhs3.68bn in new wellness resort at DHCC

Tatweer, a member of Dubai Holding, today announced it will establish an Dhs3.68bn Dubai Wellness Resort in Phase-II of Dubai Healthcare City (DHCC), a member of Tatweer.

Tatweer’s new initiative adds its investments in DHCC to a total of Dhs12.5bn, underpinning its profound support of delivering quality healthcare services, while driving the growth of life-improving industries across the region. DHCC has so far attracted Dhs15bn of additional investments from its partners, bringing the overall investments in DHCC to Dhs27.5bn.

Situated alongside the Dubai Creek, within DHCC’s Wellness Cluster, the resort will serve as a premier location for preventative and integrative medicine, and for promoting health-enhancing lifestyles in the region.

The Dubai Wellness Resort will include a rejuvenation centre for cosmetic services; healing and health-centre for integrated medical services; active-lifestyle centre as sports medicine facility, and healthy-living residences for eco-friendly living. It will also encompass a healthy-lifestyle retail district in the town centre and 7-star luxury hotels.

Saeed Al-Muntafiq, Executive Chairman of Tatweer, said:

‘The new wellness facility underpins our relentless endeavour to promote Dubai as the hub for healthcare excellence. Its integrative medicine approach will solidify DHCC’s position as the leading destination for comprehensive health services through its fusion of allopathic, complementary, and alternative medicine using an evidence-based approach.’

The resort will bring together under one roof advanced curative approaches in integrative medicine from the West, East and the Arab world. Set amidst a sustainable, carbon-neutral environment, it will distinguish itself through the application of innovative techniques in preventative medicine, provision of timely and holistic patient management programs, and ongoing follow-up treatment.

Al-Muntafiq added: ‘Regarded as the world’s most integrated healthcare free zone, patients seeking DHCC’s world-class treatment and medical procedures will now have the privileged option of selecting from a range of curative therapies. The Dubai Wellness Resort will offer a continuum of care, facilitating patients’ referral to and from key components within DHCC, such as the Mohammed Bin Rashid Al Maktoum Academic Medical Center and other medical establishments.’

As an integral element of DHCC, which priorities the provision of quality healthcare, the Dubai Wellness Resort will provide an additional incentive for boosting wellness tourism in the region.

Through the integration of Phase-I that will be the center for cutting edge diagnosis and conventional treatment modalities, and Phase-II that focuses on wellness therapies, DHCC aims to offer holistic healthcare through disease prevention and management, health psychology, and other life-enhancing services.

Dubai Industrial City Commences Construction of Four Office Buildings with Investments of Over AED200 Million

Dubai Industrial City, a member of Tatweer, today announced construction work for four office buildings has commenced with investments of over AED 200 million.

The new buildings will increase commercial space offered by the industrial township to eight buildings. Four buildings that are currently operational at Dubai Industrial City are fully leased out. With the new buildings, office space will increase by an additional 235,000 sq. feet to meet the escalating demand for retail commercial area.

Rashed Al Ansari, Vice President, Dubai Industrial City, said:

“The momentum gained by Dubai Industrial City through adding new components and business-friendly amenities is rapidly enhancing its appeal as a preferred choice for major industry players. Given its strategic location, the level of overall integration and convenience provided to our tenants and employees successfully ensure the creation of an ideal work, live and play environment.”

Offering uninterrupted office floors that will be leased to clients as per their individual requirement, the buildings will also boast 90-minute fire resistant doors, validating Dubai Industrial City’s priority to assure optimum safety measures across its facilities.

“These offices come as part of our strategy to extend comprehensive facilities to our industrial investors. Apart from building their factories across the six industrial zones, our clients will now have the ease to deliver holistic services through locating their administrative support system in the new offices located within the same premises,” added Al Ansari.

Scheduled for completion in early 2010, the floors of each of the four buildings will be designed on raised levels to give tenants the freedom of re-planning their office layouts.

The buildings will also include a total of 416 parking slots, including 326-spot underground parking and 90 open-air parking bays. It will also boast a food court servicing the four buildings, and a business centre equipped with state of the art technology and exhibition areas. Convenient banking services and a government service centre will provide further services to industrial entities based at the township.

Located adjacent to the Al Maktoum International Airport (Dubai World Central) and in close proximity to Jebel Ali Port and Free Zone, with easy accessibility to major highways such as Sheikh Zayed Road, Emirates Road and the Dubai Ring Road, the 560 million square feet Dubai Industrial City isa dedicated industrial destination comprising six industrial clusters for food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.

Complementary facilities for logistics, warehousing, labour villages, industrial training, in addition to commercial, residential and entertainment zones, position Dubai Industrial City as a comprehensive one stop-shop destination. It also provides tenants with a critical competitive advantage in human resources, logistics and business operations.