Maysan Towers - The Latest Dubai Property Development From Emaar properties
Emaar Properties yesterday announced a joint venture development with Bawadi, a subsidiary of Tatweer (Dubai Holdings). The Maysan Towers development in the entertainment and hospitality districts of Asmaran will be the first residential tower complex in the Bawadi project, comprising of three high-rise apartment towers with of a total of 80 floors.
With an elegant Mediterranean theme, the Maysan Towers development comprises of three high-rise residential towers of 30, 26 and 24 floors, with nine feet high ceilings in all apartments, to accentuate the feeling of space and light. The apartments have quality finishing throughout with fittings including natural stone countertops and electric bench-top hotplate. All rooms also have tinted double glazed windows for comfort and privacy.
Only minutes away from Bawadi Square, the Maysan Towers community is set in a lavishly landscaped setting, and features a range of amenities such as indoor retail outlets and community services. Ample parking is offered through three basement floors and four partial podium levels.
Mr Issam Galadari, MD of Emaar Bawadi, explained “Maysan Towers are the first residential apartments to be showcased at Asmaran, an integrated neighbourhood that has established itself as a sought-after home destination. The Maysan Residential Towers complex highlights the development expertise of Emaar and Bawadi, two of the leading developers in Dubai.”
Find more Dubai property here.
June 29th, 2008 - Posted in dubai property | | 0 Comments
Dynamic Tower, Dubai - The Worlds First Rotating Skyscraper
At an international press conference in New York this week, Dynamic Tower - the World’s First Building in Motion was unveiled by revolutionary Architect David Fisher of Dynamic Architecture Group.
The Rotating Tower, also called a Rotating Skyscraper will be built in Dubai over the next two years by the developer Rotating Tower Dubai Development Limited of Dynamic Group and is destined to become the most prestigious building in the city.
The tower will feature:
- 80 floors - 420 meters (1,380 feet) tall
- Apartments ranging from 124 square meters to Villas of 1,200 square meters
- Parking spaces inside the apartment
- Floors 1 to 20 will be offices
- Floors 21 to 35 will be a luxury hotel
- Floors 36 to 70 will be residential apartments
- The top 10 floors will be luxury villas
The Dynamic Tower in Dubai will be self powered by 79 wind turbines, one between each floor, and will be the first Building in Motion to be constructed in the world, this will herald a new era of architecture and become a symbol of Dubai. The mixed use building will offer infinite design possibilities, with each floor rotating independently at different speeds, resulting in a unique and ever changing structure that introduces another dimension to building architecture, ‘Time’.
You can view a brochure for the first rotating skyscraper in Dubai by Clicking Here
June 25th, 2008 - Posted in Property News, dubai property | | 0 Comments
Construction Begins on Dubai Towers
23rd June 2008 : Sama Dubai, the property developer behind the construction of Dubai Towers, yesterday announced that construction work has started on this highly anticipated property development, with the estimated date of completion being 2014.
The Dubai Towers complex is being built at a cost of over $5.4 billion, with the towers ranging from 60 to 91 floors high. The towers will incorporate upmarket retail outlets, restaurants, entertainment facilities, health spas, gymnasiums, hotels and apartments. Set against a backdrop of beautifully landscaped islands in the heart of Dubai, and surrounded by the historic Dubai Creek, the complex of towers will use cutting-edge architecture.
Centrepiece of The Lagoons Central Business District, Dubai Towers will comprise of four state-of-the-art residential, commercial, retail and hospitality towers. As well as residential Dubai property, the towers will incorporate premium office space designed around modern-day business needs, and will incorporate ‘intelligent’ building systems.
The Dubai Towers complex will add extra appeal to the Lagoons district which will ultimately feature theatres, museums, an arts centre, music conservatory and the Dubai Opera House. The Lagoons will offer great appeal to tourists and residents seeking modern living and cultural attractions.
June 23rd, 2008 - Posted in Property News, dubai property | | 0 Comments
Dubai to build worlds biggest airport
Property hotspot Dubai has unveiled an ambitious plan to build the world’s largest airport proposed to be as big as Chicago and London Heathrow put together, with the Dubai World Central airport pipelined to open late next year.
Estimates suggest the airport will be able to serve up to 120 million passengers a year. One of the most modern airports it is being billed as the airport of the future with Dubai officials suggesting passengers using the airport will be able to go from check-in to plane in under 15 minutes.
Such improvements to the travel infrastructure is likely to aid the already booming financial and travel sectors with the Dubai Property sector likely to be another winner
June 16th, 2008 - Posted in Dubai Property News | | 0 Comments
More reasons to buy property in Dubai
With the current economic slowdown affecting many parts of Europe and the United States, it is getting more and more difficult to identify a good potential investment. However… investing in Dubai might be just the ticket. Why … read further.
Increase in foreign residents
Dubai has evolved into a major financial player over the last couple of years and as such there has been a significant influx of foreign nationals into Dubai. Many of these visitors are often cash rich, and are not looking for property for sale in Dubai, rather rental homes.
Careful consideration of a potential property, particularly if the rental market is your target audience is essential. Currently the single-room studio apartments are doing the best in terms of rental yields since the expatriates that work in Dubai tend to be single individuals so this would be a great real estate investment tip to note if you intend to invest in Dubai.
The Tourism industry
Over 7 million people visit the United Arab Emirates every year, and as a result there is a significant opportunity for property rental there, particularly within the Dubai rental market. This figure is expected to rise significantly over the next couple of years and as a result the scope for a substantial ROI from your property investment in Dubai seems reasonable in the short to medium term.
High Potential ROI
Prices for property in Dubai are still not stupidly high and as such it is still possible to make a reasonable profit of any investment at the present time. At present the Dubai property market is still buoyant and as such it is still possible to identify and purchase homes at a fair price.
On commercial property it is also possible to make even greater yields.
June 10th, 2008 - Posted in dubai property | | 0 Comments
Super Slim Tower Planned For Dubai
Cityscape Abu Dhabi 2008: Leading UK-based international architecture and engineering firm, Atkins, unveils a new design for a 379m high super slim tower called P-17.
The development of the tower will be carried out by Tasameem Group with construction on the project expecting to start in November this year and is due for completion by November 2011.
P-17 will be located on Dubai’s main arterial route, Sheikh Zayed Road and is the latest in a long-line of Dubai property creations by Atkins. P-17 will be a mixed-use tower which will include:
- 77-plus storeys
- 18 office floors
- A 5 star hotel
- 75 serviced apartments
- 19 floors of residential apartments with views across the city
- 14 level car park
Atkins state that the contemporary architectural construction will give the illusion of an ever-changing appearance by utilising staggered blades which splay outwards to convey the appearance of layered planes which move sideways to produce a challenging, gravity-defying form.
“P-17 is a fresh attempt to push back the boundaries of engineering and design”, said Joe Tabet, head of architecture for Atkins.
June 9th, 2008 - Posted in Property News, dubai property | | 0 Comments
Eco-friendly Dubai Property?
June 8th 2008: Dubai is to host the “Dubai International Conference on Sustainable Construction” together with an exhibition on Eco-friendly Construction Technology, at the Dubai Police Academy. The conference will take place under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
The conference will be held over one day, with three panels being addressed by 13 speakers, mainly from the private sector and topics will include:
- Ensuring the worlds mega-projects are sustainable
- Sustainable construction practices
- The challenge of climate change
- Policies for sustainable construction and urban development
The Dubai conference is timely as it is being held a day before The Zayed International Prize for the Environment (established in 1999 by H H Sheikh Mohammed bin Rashid Al Maktoum, as a tribute to the environmental achievements of the late Sheikh Zayed bin Sultan Al Nahyan.
The USD $1million Zayed International Prize is considered among the most prestigious environment-related awards in the world today which recognizes and encourages environmental achievements that support and promote the implementation of Agenda 21 in line with the vision and philosophy of the late Sheikh Zayed.
Agenda 21, the global agenda for sustainable development was adopted at the Rio Earth Summit in 1992. It argued for providing better information, and highlighted the importance of integrating environmental development in property development decision-making.
June 5th, 2008 - Posted in Property News, dubai property | | 0 Comments
Explosion In Dubai
With a massive range of developers, both large and small, entering the Dubai property arena and property prices still climbing, is it any wonder that in less than 20 years, the Dubai property market has exploded from this:
to this:
Dubai has seen around 40 towers, and other property complexes developed at Dubai Marina, with a similar number of properties nearing completion at the nearby Jumeirah Lakes. Jumeirah Beach Residence project last year saw the completion of 40 towers.
Development is well underway in Dubailand with several projects currently up and running including Al Sahra Resort, Dubai Sports City and the Dubai Autodrome and there are now 4 major Palm projects (Palm Jumeirah, Palm Jebel Ali, Palm Deira, and Palm Universe). Development is also well under way at Dubai Waterfront, Arabian Ranches, The World, Burj Dubai, Jumeirah Islands, Silicon Oasis, Business Bay, Discovery Gardens, International City, with many other developments ongoing.
There are many other Dubai property developments on the horizon including the $11 billion Arabian Canal project, which at 75 kilometres will be one of the world’s longest man-made waterways. The Arabian Canal project will flow from Dubai Waterfront to Palm Jumeirah, passing east of the planned Al Maktoum International Airport and will be home to an estimated 1.5 million residents.
June 3rd, 2008 - Posted in Forecasts, Uncategorized, dubai property | | 0 Comments
Dubai Property Developer Seeks Investment
GPD Investments LLC, a Dubai property development and Investment company, is currently seeking to raise $350 million in equity through investment. GPD will use the capital to acquire and develop properties in Dubai, looking to make further land acquisitions and to build office investment property and retail premesis.
The firm is planning more than $1 billion of transactions and will be seeking a minimum investment of $200 million, The capital being deployed over the next three years and will initially be directed towards a project currently in its pre-development phase.
GPD currently has a portfolio valued at over $600 million across 15 developments and seeks opportunities to acquire prime development sites in off-market transactions. GDP is an approved developer by the Dubai Real Estate Regulatory Agency.
June 2nd, 2008 - Posted in Dubai Property News, dubai property | | 1 Comments
