The Boulevard a landmark for the emirate of Ajman

'The Boulevard' comprises 14 residential and commercial towers, a five star hotel, and a mall with top retail brands, trendy boutiques, hip cafes, restaurants, grocery stores, and 5000 Sq ft of kids playing area, which gives the ideal environment to live, work and entertain you and your family. It takes only 25 minutes from Dubai International Airport and 10 minutes from Sharjah Airport to reach 'The Boulevard'. 'The Boulevard' will create futuristic living spaces that will energize your mind, soul and body.

* Dynamic business environment
* Contemporary & productive work environment
* High-tech office spaces
* Modern living spaces
* Both the mall and hotel will be managed by world class management groups.
* The entire project is freehold and provides residence visas.
* Functional spaces with practical amenities and futuristic designs.
* Strategically located on Emirates road highway; a mere 25 minutes drive from Dubai International Airport, and 10 minutes drive from Sharjah Airport .
* The project comprises 14 towers, a 5 star business hotel, and Shopping mall with brands from around the world.
* Over 2000 basement and podium parking spaces.
* Construction on "The Boulevard" is expected to start soon. The first phase of towers is slated for completion in the 2nd quarter of 2009.

Read more about this at:
http://dubaidiscussions.blogspot.com/2008/05/boulevard-landmark-for-emirate-of-ajman.html

Want to get visitors to your blog?

Do you want to get visitors to your blog? Just place a link to use in your blogroll and send a quick note to me - just place a comment to this article and indicate your website address


I will be happy to reciprocate a link

The $3bn Ajman Marina project to supply 8000 residential units

Tanmiyat's Ajman Marina Project, worth $3billion, is expected to add another 8000 residential units to the market. The project will be constructed in two phases over a period of five years.
According to developers, the residential buildings will be one of the modern architectural wonders. The units will be positioned facing the marina, and are expected to comprise hi-tech gadgetry which provides the option for residents to monitor their properties, even when they are out of country.

Apart from this, Ajman Marina provides ample berths and best marine management, including boat cleaning and repairs, loading assistance and dock masters. Other facilities on offer are covered car parks, 24 hours security and close proximity to schools and healthcare centers.

First phase of construction begins at the $3.8bn Pearl Dubai

Al Fahim Group, the developers of the Dh.14bn Dubai Pearl Project, have announced the commencement of first phase of construction of their world-class mixed-use development, the $3.8bn Pearl Dubai.

Dubai PearlPearl Dubai has completed the scaffolding and site hoarding and has obtained mobilization permit from Tecom Investments. It is currently mobilizing contractors for the foundation works of the project. The preliminary piling test is scheduled for mid-May.

The Chairman of Pearl Dubai, Abdul Majeed Al Fahim, revealed that the project received an overwhelming response from investors during the first two launches of its residential and commercial units this year.

He confirmed that the construction work of Pearl Dubai, too, is progressing as scheduled and the project is gaining momentum for another exciting launch of an exclusive residential component which would be an additional incentive for investors.

Located at the heart of Dubai Technology and Media Free Zone, the Dubai Pearl project overlooks Palm Jumeirah. The Dubai Pearl is expected to be ready by 2010, and covers a built-up area of 15 million square feet, combining an active business district with quality urban lifestyle.

Dubai Pearl offers easy access to major commercial and residential areas, such as the Dubai Knowledge Village, Dubai Internet City and Dubai Media City. It also houses a state-of-the-art theatre, with sufficient capacity to seat 2000 people, a luxury fashion precinct, sky penthouses, sky palaces and temperature-controlled pedestrian walkways.

Ajman- Unique Geographic Location & Charming Beach

Ajman is one of the seven Emirates that from the United Arab Emirates (U.A.E.). The Emirate lies on the Arabian Gulf Coast extens 16 Kms. The total area of Ajman is 259 Kms. Its population estimate is about 230 thousand as the year of 2004.

Ajman enjoys being located in the middle of the Emirates as a whole. It is borded with Al-Sharjah and only 10 Km to Dubai in the south and Umm Qaiyuwin in the north. There are many roads that these Emirates share together. Ajman is near to the ports of neighboring Emirates. It is near the international airports of both Sharjah and Dubai .

Sama Dubai has announced the launch of ‘Dubai Towers – Dubai’,

These were announced only a few days ago and really caught my eye. The tallest has 94 floors and should be just under 400m tall. I think 400m is the absolute limit there because of the proximity of the airport. Also I think the towers in the background might just be placeholders as opposed to showing their final design


Sama Dubai, the real estate development and investment arm of Dubai Holding has announced the launch of ‘Dubai Towers – Dubai’, a cluster of breath-taking towers that combine, to form a truly inspiring and dynamic sculpture.

Centrepiece of ‘The Lagoons’ Central Business District, the ‘Dubai Towers - Dubai’ will comprise four state-of-the-art towers for residential, commercial, retail and hospitality purposes. Ranging between 57–94 floors, the estimated date of completion of ‘Dubai Towers - Dubai’ complex is mid 2010.

Launched under the ‘Dubai Towers’ brand of Sama Dubai, the iconic structures will feature a choreographed concept of form and function to metaphorically represent the movement of candle light.

Farhan Faraidooni, CEO, Sama Dubai said: “Symbolising hope, growth, harmony and opportunity, ‘Dubai Towers – Dubai’ represents an unique investment opportunity for those seeking a corporate lifestyle experience combined with peace and tranquillity in the seven beautifully landscaped islands of ‘The Lagoons’.”
Visible from extended distances as the main feature of ‘The Lagoons’ skyline, ‘Dubai Towers–Dubai’ will reflect the UAE’s futuristic vision and commitment to foster creativity and originality.

Faraidooni added: “As signature components of Sama Dubai, the ‘Dubai Towers’ brand is committed to sharing Dubai’s evolutionary and innovative achievements in the property sector with the world. In every country identified as a potential market for ‘Dubai Towers,’ Sama Dubai will develop exclusive landmark towers that reflect its distinctive personality.”

The ‘Dubai Towers’ brand is committed to deliver developments that offer a consistent and complete corporate experience, not just for businesses, but also for the people who live and work there. As the UAE’S gateway to international real estate investment and development, Sama Dubai is currently developing ‘Dubai Towers – Doha’, ‘Dubai Towers - Casablanca’ and ‘Dubai Towers – Istanbul’ under the ‘Dubai Towers’ brand.

As well as their bold architecture and prime locations, the ‘Dubai Towers’ will be characterised by the range of additional facilities they offer including retail, restaurants, entertainment, health spas, gymnasiums, hotels and residential apartments that create a vibrant, dynamic community.
The ‘Dubai Towers – Dubai’ will be revealed at the upcoming Cityscape exhibition taking place December 4-6 at the Dubai International Exhibition Center. The towers’ model will be showcased at ‘The Lagoons’ stand in hall 1, stand F30.

‘The Lagoons’ is a mixed-use freehold development being built along the Dubai Creek coastline. The AED 65 billion (US$ 18 billion) project will cover an area of 70 million square feet over 40 kilometres of waterfront land. Located next to the Ras Al Khor Wildlife Sanctuary, ‘The Lagoons’ will ensure harmonious existence with the surrounding eco-systems.

‘The Lagoons’ will appeal to tourists seeking cultural attractions with its theatre, museum, arts center and Dubai’s opera house.

ETA unveils VERDE Residences and Offices at Dubai Maritime City

The leading UAE property developer, ETA Star Properties, have announced the launch of VERDE Residences and Offices in Dubai Maritime City.
Comprising two towers, VERDE Residences and Offices are designed to earn Gold ratings in accordance with the US Green Building Council's LEED (Leadership in Energy and Environment Design) programme.
Located in Dubai Maritime City, near Port Rashid in Dubai, VERDE Towers are designed by renowned architects Adrian Smith and Gordon Gill. The towers are so designed that they utilize the natural forces of light, wind and geothermal mass and recyclable construction materials, along with maximum use of other energy-efficient systems and technologies.
The entire project includes two towers - residential and commercial. The 33 storey curtain-glazed VERDE office tower is trapezoidal in shape, covering a built-up area of 820,000 square feet. It features podium offices and a unique sky garden.
The 48 storey glass tower, VERDE residential tower, is boat-shaped, covering a built-up area of 1.35mn square feet. It is inclusive of double and triple bedroom units, apart from penthouses and four bedroom duplex townhouses on podium liner.
ETA Star has already built several beautiful homes and living communities apart from world-class business and commercial developments across the region. Due to this excellent track record of ETA, the regional banks have developed confidence in ETA Star Properties and a strong credibility has been established with the leading financial institutions in the region.
ETA is currently developing several million square feet of premium properties in several Middle East and South-East Asian countries such as UAE, India, Qatar, Turkey, Oman and Sri Lanka.

Dubai's Property Prices to increase by 20-25% in 2008

Dubai: Property prices have quadrupled in Gulf Arab countries due to surging demand for housing and office space created by economic growth and windfall revenues from a 5-fold increase in oil prices since 2002. Dubai, the Gulf commercial hub, has already set an annual rent cap of 5% for 2008, tighter than last year's 7% cap and the 15% ceiling of 2006.

Jones Lang LaSalle expects a supply surplus in Dubai between 2010 and 2012. This adjusts the global real estate investor's previous forecast that supply would surpass demand between 2007 and 2009.

Real estate prices and rents in the Gulf Arab region, especially Dubai are most likely to rise by up to 20% in 2008, due to higher labor and construction costs and delivery delays, says market analyst, Jones Lang LaSalle.

Blair Hagkull, Regional Managing Director, Jones Lang LaSalle in Dubai, said, "With the delays in delivery, the specter of huge supply continues to be delayed and you see greater demand... there will also be an increase in labor and construction costs and land prices".

Of 57,000 residential units expected in Dubai in 2007, less than 20% were delivered by September, Cairo-based investment bank EFG-Hermes said in a report that month. It said then it expected a rise of 5-10% in property prices in 2008.

MAG 214 apartments at Jumeirah Lakes handed over to residents

The Dubai-based real estate firm, MAG Group Property Development, has handed over the keys to residents of 306 apartments and penthouses at the MAG 214 building at Jumeirah Lakes Tower development on the Sheikh Zayed Road in Dubai.

MAG 214 is one of the several competitively budgeted buildings developed by the company to cater to the mid-range market, which is quite appealing to Dubai’s middle income families.

The 40 storey high-rise building tower with a structural height of 155mts, was completed in 2007, and comprises 312 apartments. Situated above Jumeirah Lakes, MAG 214 offers the lending edge of contemporary design to one of the most sought after residential developments in Dubai.

Each single, double and triple bedroom and penthouse apartment in the building is designed in a unique manner, allowing the resident's choice of living space to reflect their individual style. All apartments including the duplexes and penthouses are fitted with panoramic floor-to-ceiling windows. The landscaped gardens in the building include a swimming pool and children's pool.

The CEO of Mag Group Property Development, Mohammed Nimer, said "We excel in designing, finishing and customer satisfaction, and focus on delivering our promises."

Jumeirah Lakes Towers is a dynamic waterfront development with residential and office towers, apart from leisure, hotels and retail outlets.

UAE Dirham

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on April 28, 2008 from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Tameer Towers - Abu Dhabi Get its 7-Star Hotel

The ultimate in luxurious living and prestige has just been signed by Tameer holdings, one of the leading real estate companies in the region. The cascading skyscraper development will contain 4 residential towers, stepped villas and townhouses, a commercial tower, a 7-star-luxury-business hotel, a private marina and a vibrant canal promenade.

Tameer has contracted Gensler to design this project which has been estimated to be worth some AED 100 million. The whole project is expected to reach some AED 13 billion (which is around $3.5 billion).

Tameer Towers in Shams Abu Dhabi is located on Reem island and considered to be one of the most significant real estate developments in the city.

The developments centerpiece will be the 73-story Commercial Tower which will be diamond shaped. It hugs the canal and a pedestrian walkway at base level, while built up terraces will cascade into the marina and the canal at the same time.

Separate driveways are assigned to each elevated villa with private garden, great views, a terrace and swimming pool.


Here is a Fact Sheet, courtesy of Tameer.net

Location:

Shams Abu Dhabi,
Reem Island, Abu Dhabi, UAE

Components:

Commercial Tower with Executive & VIP Floors
Four Residential Towers
Seven-Star Luxury Business Hotel
Stepped Townhouses
Signature Villas
VIP Marina

Residential:

3,000,000 ft2 (GFA)
Studios, 1 BR, 2 BR, 3 BR apartments
3, 4, and 5 BR penthouses
3, 4, and 5 BR Marina townhouses
2 and 3 BR Canal townhouses
Signature villas on private lot with private swimming pool
Smart home technology
Seven-star finishing materials
Ample parking space

7 Star Hotel

150 Executive rooms
150 furnished apartments
Conference and events facilities
Food & beverage outlets

Offices

1,500,000 ft2 (GFA)
60-m high atrium lobby
VIP Floors with 3 parking per 100 m2
Executive Floors with 2 parking per 100 m2
Serviced offices in East Leg
Smart office facilities
Elevators designed to 25-sec waiting time (28 elevators)
Provisions for raised floor
Shell and core
Column-free efficient interior layout
Flexible design allows up to 20 offices per floor
Private access roads
Private entrance and elevators for VIP floors

The design firm Gensler is currently the biggest architectural firm in the world. The highly reputable company will add tremendous value to Abu Dhabi’s economy with their innovative and creative design. It will create many new work places and draw many investors and tourists into the area.

The design will be situated between the signature location of Central Park and the sea. Seen as the most promising and extravagant site on Reem island, the development will certainly turn heads.

Amenities will include: Day care centre, private movie theatre hall, smart home technology, billiards hall, table tennis, baby foot, Guest suites, ample parking spaces, swimming pool, gymnasium, valet parking, on-call doctor, access for disable, maid services, on-site maintenance, 24hr security.

Apartment in Burj Palace

Burj Place offers studios, single and double bedroom serviced apartments in the rage of 574 square feet to 1253 square feet, making it the right choice for modern lifestyle. The commercial spaces of 'Burj Place' range from 3837 square feet to 7027 square feet.

Emaar Properties Sales Director, Saif Al Mansouri said "At Burj Place, Emaar invites its customers to be connected to Downtown Burj Dubai and Dubai. Burj Place is the new addition to the Downtown Burj Dubai, the address of prestige and status. It is a place with variety and style, offering a unique investment opportunity."

The development value of the project is, however, yet to be revealed.

The residential and commercial units of the development will be open for sales tomorrow at the Downtown Burj Dubai sales center, with various institutions offering attractive finance options.

The Dh.73bn ($20bn) Downtown Burj Dubai, flagship mega-project of Emaar, known as the 'most prestigious square kilometer on Earth', is now one of the most desired destinations in the bustling city of Dubai. The units at 'The Old Town' and 'The Residences' have been handed over to the customers, and three hotels, and a modern shopping mall are already open in the development.

Omniyat awards The Opus contract to Multiplex

The main construction contract of Omniyat's Dh.1.7bn 'The Opus', a commercial and retail development at Business Bay, has been awarded to Multiplex, one of the leading commercial construction contractors in the region.

As per the contract, Multiplex has been given the responsibility of managing the development's construction and timely and on-budget delivery of the development.

The President and Chief Executive of Omniyat, Mehdi Amjad, said "The main factor behind awarding the contract of The Opus to Multiplex, is their excellent track record of delivering highly complex, prestigious and challenging projects. We are confident that Multiplex and Omniyat can work together to complete construction of The Opus in a timely and cost-effective manner."

The Opus, located on a unique 'Island' plot, is ideally positioned to provide tenants exclusivity, with a spectacular view of Burj Dubai and the Signature Towers, without any adjoining properties or projects.

Designed with the commercial tenant in mind, The Opus will be ready by 2010. At present more than 80 percent of the development has been sold out.

The project, designed by Zaha Hadid, the renowned architect, will enhance the Business Bay skyline with its unique, iconic, and artistic architectural structure.

Dubai Ruler Invests Private Money in Education

In an attempt to continue the economical development of the tiny Arab Gulf state of Dubai, the ruler Sheikh Mohammed bin Rashid al-Maktoum, has donated 10 billion U.S. dollars (one of the largest contributions to date) to start up a new endowment foundation. The foundation will be used to increase the educational standards in the Middle East with a special emphasis on illiteracy, unemployment and scholarly development and recognition. According to the Guardian, Sheikh Mohammed said, "The foundation's mission is to invest in knowledge and human development, focusing specifically on research, education and promoting equal opportunities for the personal growth and success of our youth."

Dubai Property Options - IPOD style development

iPod style development - New development authority of Dubai has decided to build a structure that resembles an iPod Mp3 player. Known by the name of "The Pad Dubai", this building is located in Dubai Business Bay.

Omniyat properties of Dubai presented a model of this project, which has 230 apartments, at Dubai's International Property Show which was held from 3rd to 5th of April, 2007. These apartments will acquire Almasa Holdings which is a brand name in IT and Real Estate Markets, and is the parent name of Omniyat Properties. Authorities had decided that this building would include lofts, one and two- bedroom apartments and studio apartments. This is a 9 million AED property project and the minimum area available to the buyer is 581 sq.feet. According to property realtors in Dubai, 1 bed room set in these apartment will cost 362,372 US dollars, 2 bed room apartments will cost 901,158 US dollars, whereas studios will cost about 343,688 US dollars. Recently, similar 2 bedroom apartments in the Business Bay Area were sold for 550,000 US dollars by the Corporate Finance House.

Features of The Pad:

• The living rooms and dining rooms will be rotating 360 degrees so that one can admire the beauty of nearby water front and landscapes.

• Beautiful sights of the outer world can be enjoyed from the windows.

• Facility of video conferencing in the dining rooms.

• Lighting will adjust according to your mood and will respond to your telephone calls as well.

• Modern equipments provided for a healthy living.

The ultra modern style of room rotation is derived from Luigi Colani of Germany. In recent years, this method has been developed for aesthetic reasons rather than as a space saving device. The developer has planned to use rotating double beds in all apartments and make use of robotic features for robot vacuum cleaning.

There are many facilities listed for its residents which include parking spaces, retail areas, under water concert, Jacuzzi, aerobics section, basket ball court, etc.


Rotating tower for the first time in Dubai Property Market

For the first time in the history of Dubai real estate, rotating towers which resemble high skyscrapers have been introduced by the Dubai Property Ring. World Real Estate authority of Dubai had granted UK based developers to build 30 story rotating apartments. These apartments will require the power of 20 electric motors to rotate 360 degree in a week's time. Nick Cooper, a British engineer working with MG Bennet and Associate of Rotherham, has been employed for the project.

Mr. Cooper was involved with drilling tunnels between London and Paris that allowed a free passage of Eurostar trains under the English Channel. In 1966, a part of London's post office tower which was a restaurant, was made rotating. The idea of complete rotation of a building on its axis was really a novel one at that time. The British technology of rotation is being used after half a century on Arabic land. The rotating tower under construction in Dubai has a crescent moon lounge at its top. The future residents of this building can admire the scenic beauty of 23 rotating buildings which are to be built in future by Dubai Property Ring.

Dubai's office occupancy rates strikes an all-time high at 98%

Dubai has been the most-preferred choice for expanding international companies and major businesses, and this huge influx has led to a high demand for commercial real estate. The rate of office occupancies in Dubai has touched an all-time high of 98% to 99% with zero vacancy levels, reports 'Gowealty.com'.

About more than 90% of Dubai's buildings have been kept aside for commercial utility purposes, most of which are either recently launched or are under construction, with most adopting 'strata' sales.

The office lease charges have been the highest in Sheikh Zayed Road in Dubai, ranging US$1055 per square meter. This is followed by Deira with $825 per square meter. These figures have been arrived at, after compiling and analyzing statistics from landowners and tenants.
On comparing the leasing or rental rates of 2007 with the prevailing rates, an increase in charges by more than 60% has been predicted for a newly leased out commercial space in Dubai for the year 2008-09.

The parameters taken into consideration by investors and organizations are central location, large floor plates, technological connectivity, logistical connectivity, long-term leasing options and parking space. Customers prefer direct transactions with leaser and developer. The complexity of Dubai's multiple strata owners pose problems to those seeking to transact or interact with a single entity.

Just as the case of any investment norms, developers in Dubai's major commercial properties pursue short-term gains and strata owners for immediate capital gains.

Unlike residential complexes, the commercial properties require more parking amenities. With the Dubai realty market expected to stabilize by 2010, we foresee stabilization in the allocation of parking bays to commercial enterprises.

Dubai Metro - first day of launch

This is a hot-off-press photo from Dubai Metro. Brand new - in a traditional arabic style. This is really amazing!
UAE did fantastic job!

There will be test runs conducted on a 4 kilometre section of the elevated track near Jebel Ali, checking all the management systems as well as the trains themselves.

There’s a main power station for the Metro, in Jebel Ali, and that’s reported to be completed. The Depot in Jebel Ali which will be large enough to accommodate 44 trains is said to be more than half completed. A train will consist of five carriages with a maximum load of 645 passengers.

Gulf Projects touch 2 trillon Dollar - Meed

The MEED Projects index estimated that Gulf has reached a staggering $2 trillion worth of projects. The UAE remains the biggest projects market in the Gulf, accounting for 37% of the total project value. It has also registered the highest growth, with total project values in the federation rising by 46% over the past 12 months. Kuwait has the highest proportion of unawarded contracts, representing over 90% of all projects planned.

Only a quarter of all projects tracked by MEED Projects are actually construction implying that there is another 3-5 years of further intensive construction activity to come.

There have been a series of major real estate projects announced in recent months, reinforcing the sector's dominance of the projects market and pushing the overall value beyond $2 trillion. Major new real estate projects include; Sudair Industrial City in Saudi Arabia at $40bn, Masdar City, Abu Dhabi - $22bn, Dilmunia mixed use development in Bahrain worth $4.2bn and Limitless’ Al-Wasl development in Riyadh at $12bn.

MEED Projects current value of investment in the Gulf by sector:

1. Construction = $1,207 billion
2. Industry = $70 billion
3. Oil & Gas = $430 billion
4. Petrochemicals = $135 billion
5. Power = $134 billion
6. Water & Waste = $40 billion

Reclamation of Nakheel's Dubai Promenade project complete

Nakheel has completed the reclamation of Dubai Promenade by placing the last rock on the project's breakwater. The breakwater, stretching 18kms, required 1 million tonnes of rock.

Dubai Promenade is Nakheel's sophisticated waterfront project, which will form a virtual peninsula along the Dubai shoreline, inclusive of a spectacular five-star wheel-shaped hotel.
The Promenade, surrounded by marina, sea and a natural beach will offer panoramic views, idyllic walkways, and well-planned architecture, which render a unique residential and commercial environment.

The first phase sale of the Dubai Promenade was launched on 24th January 2008.

Nakheel, being one of the largest private real estate developers in the world, is a major player contributing to realize the Dubai vision for the 21st century, by offering a world-class destination for living, business and tourism.

Dubai Properties to launch 50,000 low-budget homes

A top official of Dubai Properties yesterday revealed the launch of 50,000 low-budget homes during the coming years, to meet the growing housing problem among the emirate's middle-income groups.

These affordable housing units will be a true mix of freehold and rental units, announced Mohammad Bin Braik, Chief Executive, Dubai Property Group.

"Although we are involved mainly in built-to-sell business, rental units give a continuous flow of guaranteed returns and provide necessary stability. We are not only building assets, but also building values for Dubai," said Bin Braik.

Dubai Properties has already built a sizeable housing project in Al Quoz area, which will soon be open for rent, he said, but is yet to elaborate on his plans for various housing schemes.

This seems to be good news for the 1.44 million population of the emirate, large numbers of who, stay in Ajman and Sharjah seeking cheaper alternatives, as most of the current projects cater only to high-income groups, leading to imbalance in the emirate's housing market.

House rent and increasing population continues to dominate the list of worries in Dubai, which has prompted the government to cap rents during recent years. A sudden growth in freehold market since 2002, led major developers to shift their focus from rental market to freehold sector. On the other hand demand continued to soar, pushing rents sky-high.

In the meanwhile, large numbers of government-built colonies and low-cost housings were demolished, reducing housing options for the middle-income and low-income groups.
Nakheel, a government-owned developer, has set up 'International City', considered as affordable housing.

According to a top property broker, the high rents at prevailing currently, are good enough to prompt developers to return to rental market, once the income rises up to the same level as that of freehold market.