NewsWaterfront
Kid bought villas worth $44 million in Dubai
Even by the standards of a city that celebrates extravagance, it was a spectacular shopping spree: In just two weeks early last year, an 11-year-old boy from Azerbaijan became the owner of nine waterfront mansions. The total price tag: about $44 million — or roughly 10,000 years’ worth of...
Cirrus offers investors in Aquarius Gate a ‘Restructuring Proposal’
Dubai developer, Cirrus Developments LLC, has announced a proposal for its purchasers which offers a way forward for projects in which the majority of purchasers run the risk of being forfeited or are in default. The ‘Restructuring Proposal’ (RP), which Cirrus has developed and is now presenting...
Nakheel to deliver 1042 homes at Waterfront this year
Nakheel, Dubai’s master developer, today announced that construction of 1,042 new homes in the Manarah District in Badrah, Waterfront is nearly 40% complete, with all of these properties due to be handed over by the end of the year. The Manarah district makes up more than one third of Badrah, the...
Cirrus becomes first developer to start construction at Waterfront
Cirrus Developments LLC becomes the first third-party developer to start construction works at Nakheel’s Waterfront. The enabling works on their project, Aquarius Gate, are getting underway, and the construction works has allready reached a milestone with two-meter-deep excavations completed and...
Real estate investments in Dubai exceed Dh158bn in 2008
Real estate investments in Dubai has exceeded Dh158bn so far this year, Gulfnews report. This estimate is based on sales reports, leasing and mortgage transactions, and shows that Dubai remains one of the worlds most attractive destinations for investors, according to Ahmet Kayhan, CEO of REIDIN.com. Reports...
Al Madar launches Suhail Tower
Al Madar Investments, a leading property developer in the GCC and part of the Al Madar Group, has today (day, date, 2008) announced the launch of the Suhail Tower, an AED 1.4 billion residential project located in the Madinat Al Arab area of the Dubai Waterfront. On completion in late 2011, the 47 -storey...
Royal Bay project in Dubai Waterfront
Developer VIP Waterfront on Sunday launched its Dh1.8 billion Royal Bay project in the Dubai Waterfront, complete with two helipads to assist access. The total built-up area of the Royal Bay development is a little over 1.2 million square feet. The project consists of a residential tower with 158 apartments...
Sheffield announces Dh3.5b projects on Dubai Waterfront
Sheffield Real Estate FZC, developers of the skyscraper Marina 101, said it will build three projects on the Dubai Waterfront at a cumulative investment value of Dh3.5 billion. Abu Ali Malek Shroff, chairman of Sheffield Real Estate, said: “Over the years, we have carved a niche for ourselves as...
NOBLES Properties establishes strategic partnership and develops projects valued at AED 8 billion
NOBLES Properties revealed further details relating to its two forthcoming high-end luxury residential apartment complexes, with an estimated total value of AED 8 billion, located in the Dubai Waterfront and Burj Dubai areas. NOBLES Properties has signed a strategic agreement with Rasmala, appointing...
Nobles to unveil Dh10bn ventures
Nobles Properties, the Dh4 billion real estate investment company launched by former Tameer Holding chief executive Omar Ayesh, will soon announce projects worth Dh10 billion in various parts of the Middle East, a top official said. “We will launch three inter-connected towers with a built-up area...
