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Thursday, September 8, 2016

Al Thuriah Launches Exclusive Sahara Tower 6

* Sahara Tower 6 to be completed in December 2019

* One, two and three bedroom apartment units at coveted location

* The project’s foundation is laid and development is in full swing

Al Thuriah Properties, the UAE’s premier property developer that specializes in high-rise residential towers and communities, announced the launch of Sahara Tower 6, the final jewel in the crown that is Sahara Complex, a master development with a built up area of 3,100,000 square feet that includes 1,348 apartments.

At an exclusive launch at Cityscape 2016, Al Thuriah revealed that the foundation of the majestic two-block tower is already laid and development continues apace. The 376 residential units of Sahara Tower 6 are built within two towers of 39 and 21 floors respectively. The units are now on sale for home owners and investors, with handover of the completed units set for December 2019.

Sahara Tower 6 is under the complete care of Al Thuriah, from ideation to reality. Al Thuriah not only builds but also services the properties, provides facilities management and sub-leasing services and takes care of the complete property cycle, all under one roof. Customers are guaranteed peace of mind as they deal with a developer that has a proven track record of 20 years in the UAE.

Residents of Sahara Tower 6 will enjoy its state-of-the-art swimming pool and gymnasium, a common garden and lounge area as well as retail outlets and restaurants on the ground floors. The tower’s luxurious amenities are supported by a complete facility management team with 24/7 security services.

Sahara Tower 6 is ideally located in Al Nahda, Sharjah, just minutes away from Dubai International Airport. Three shopping malls, over 10 schools, two universities and two large parks lie within a three kilometer radius of the development.

Commenting on the desirability of Sahara Tower 6 for end-users as well as investors, Raymond Khouzami, CEO of Al Thuriah said: "Investor interest in the location of the Sahara Tower 6 community is returning and we expect the next few months to be highly productive for us. In the past, we have surpassed sales expectations as we offer projects in niche locations with robust infrastructure. In addition, our extensive resources, expert and long-standing team has a reputation for quality developments using only the best-in-class materials and fittings for residential high rise towers. This helps us retain and grow the confidence of our investors and end-user audiences. We continue to grow all our services including Properties, Facilities Management, Sub-leasing and Construction.”

Sahara Tower 6 is built according to UAE’s Green Building regulations and specifications with energy efficient materials and low-emission paints. It incorporates energy efficient lighting and air conditioning, solar heated water systems and landscape irrigation. The road network within the development is designed in a way that minimizes pollution. There will be dedicated spaces for bicycles and other vehicles.

Raymond Khouzami added: “The initial response to Sahara Tower 6 has been great and we are certain that it will emerge as the landmark in Al Nahda, Sharjah. We look forward to completion and the positive impact it will have, not only on the overall property market but also on its surrounding area."

Monday, September 5, 2016

Emaar South Unveiled

>Nearly 7 sqkm development minutes away from Al Maktoum International Airport, set to be the world’s largest welcoming 220 million annual passengers

>Serene lifestyle getaway with over 15,000 homes, community retail, 18-hole championship golf course & clubhouse, brand-new 3 & 4 star hotels, K-12 schools, and leisure amenities

>Parks, tree-lined boulevards, pedestrian walkways, bicycle trails and direct access to public modes of transport make it a highly inter-connected community

>Residential choices include tiered townhomes, townhouses, Golf villas and apartments offering diverse portfolio of affordable and unique homes

>Emaar South model displayed at Emaar’s pavilion in Cityscape Global 2016

Global developer Emaar Properties PJSC today announced Emaar South its newest mega-development in Dubai South, one of the city’s most sought-after destinations of the future, just minutes from the Al Maktoum International Airport and in easy proximity to the Expo 2020 Dubai site. A dedicated golf district, the nearly 7 sqkm Emaar South mega-development is one of the key components of the newly planned city.

Emaar South will be a vibrant residential and suburban lifestyle destination, serving as home to hundreds of thousands of people expected to work in the various integrated districts of Dubai South, greater Dubai area, and in close proximity to Abu Dhabi. With the 145 sqkm airport city quickly taking shape, the demand for residences in Dubai South is expected to spike, which will be met by Emaar South.

In addition to people working at the Al Maktoum International Airport, Aviation District and Logistics District, Emaar South will also be a magnet for the 25 million visitors who will attend Expo 2020 Dubai, and for the millions of travelers who will fly by Al Maktoum International Airport. The airport will be the worlds’ largest when fully completed. The current expansion will expand capacity to 26.5 million travelers annually by 2017.

Mohamed Alabbar, Chairman of Emaar Properties, said: “Emaar South is a thoughtfully planned project set in Dubai South, a purpose-built integrated urban city destination that creates a vibrant new economic platform centerd on aviation and logistics services. It supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to position Dubai as a smart, integrated and connected city with a wide breadth of residential choices that caters to everyone’s needs.”

He added: “The opportunities created by Dubai South will be complemented by Emaar’s new golf-course district. Through Emaar South, we are creating another world-class integrated community that is smart and sustainable, and will generate long-term economic value. We are assigning the best-in-class designers, architects and consultants for this new residential city.”

His Excellency Khalifa Al Zaffin, Executive Chairman, Dubai Aviation City Corporation and Dubai South, said: “We are happy to partner with Emaar, the region’s leading real estate developer. This association reflects the depth of our commitment to establish Dubai South as the premier destination to live, work and invest. A fully integrated, master planned city created to provide life solutions for its residents, our residential communities and real estate offerings will set a new standard in urban living.

"With Emaar’s credentials of developing integrated communities and iconic projects, the synergies between Dubai South and Emaar are a well-made match that serves to fulfill our offering of providing value-added residential products across varied price points and addressing a wider demographic.”

Featuring more than 15,000 residences, in a mix of tiered townhomes, townhouses, villas and apartments, Emaar South is envisaged as a smart neighborhood. In addition to being home to thousands of people, it will create several hundred new jobs in the hospitality, retail and leisure sectors.

Interconnected through tree-lined boulevards, walking & bicycle trails, and a well-linked public transport network including autonomous vehicles for clean transport, Emaar South will feature six districts anchored by an 18-hole championship golf course & clubhouse, a number of large community parks, dedicated retail precincts, 3 & 4 star hotels assuring contemporary guest experiences, and a number of fascinating outdoor pursuits. Every aspect of the development is centerd on the concept of open spaces that serve as the connective element.

Other amenities that are incorporated in the masterplan include a K-12 educational institution by a premier provider and a golf villa recreational center. Promising an urban lifestyle at a suburban pace, the new master-planned community by Emaar is designed by the guiding principles of connectivity, accessibility, livability, sustainability and optimal residential density. The golf course has been skillfully designed to maximize golf frontage views from the villas, which includes luxury homes set in the heart of the golf course.

A model of Emaar South is displayed at Emaar’s pavilion in Cityscape Global 2016 marking its first public preview. To be developed in four phases, the first phase will include tiered townhomes, villas, townhouses and apartments in addition to retail precincts. The first homes in Emaar South will be announced shortly offering investors the first opportunity to be part of this world-class development.

Thursday, September 1, 2016

Oman Will Exhibit Al Mouj Muscat At Cityscape Global

Al Mouj Muscat, Oman’s lifestyle destination, will be showcased under the Majid Al Futtaim stand at Cityscape Global 2016, the region’s top real estate event to be held at Dubai World Trade Centre during September 6 to 8.

Cityscape Global is the largest and most influential event for real estate investments and developments in the emerging markets globally. It will bring together investors, developers, government officials and real estate professionals.

Commenting on Al Mouj Muscat’s participation, Nasser bin Masoud Al Sheibani, Acting CEO said, “Cityscape Global is an opportunity to directly meet with clients, update them on our plans and build new associations. Participants can view the latest developments from across the world and discuss investment prospects. It is a great chance for developers like us to showcase our exclusive properties to investors and visitors from across the region and beyond. Being a world-class lifestyle destination, Al Mouj Muscat has much to present on this platform.”

“The exhibition will be a stage for us to highlight the wise choice of investing in Oman as a country offering a politically stable, business-friendly and sound economic environment. Al Mouj Muscat, the award-winning freehold waterfront development, is supported by a strong partnership between the Government of Oman and Majid Al Futtaim”, Al Sheibani added.

Offering a unique style of living and incredible leisure experience, Al Mouj Muscat has already brought together a diverse community of more than 4,000 people of 70 nationalities providing a truly global environment.

The reasons to invest in Al Mouj Muscat are many. It offers a 100% freehold ownership with residency for owners and immediate family, and is located along a stunning 6 km stretch of coast in Muscat and it promises delivery with quality finishes. Along with luxury and family friendly residential properties, the vibrant development offers a unique combination of lifestyle and leisure experiences.

At Al Mouj Muscat you can enjoy Oman’s only signature PGA Standard 18-hole golf course designed by Greg Norman; the eco-friendly award-winning 400-berth Al Mouj Marina; Oman’s largest private yachting hub; convenience shopping and dining; The Walk, with its palm-tree lined boulevard and 70 exclusive dining and retail outlets.

The upcoming international luxury hotels, Kempinski and Shaza, are sure to add to the vibrancy of living at Al Mouj Muscat. The world-class waterfront community is just 10 minutes away from Muscat International Airport.

Wednesday, August 31, 2016

Emaar Is Ready For Cityscape Global

Global property developer Emaar Properties is showcasing its exceptional portfolio of mega-developments in Dubai and other international markets at Cityscape Global 2016, the premier property exhibition to be held from September 6 to 8, 2016, at the Dubai World Trade Centre.

A highlight of Emaar’s participation is the Vista Room that will feature a 270-degree LED screen displaying aerial videos of Dubai Creek Harbour, Dubai Hills Estate and Downtown Dubai, taking visitors through Emaar’s skyline defining developments in the city and the sheer scale of the mega-projects.

Emaar will display a spectacular model of The Tower at Dubai Creek Harbour, the iconic new development that is at the heart of the 6 sqkm master-planned community, and is billed to define a new skyline for the city. Designed by Spanish/Swiss neo-futuristic architect, structural engineer, sculptor and painter Santiago Calatrava Valls, The Tower at Dubai Creek Harbour serves as a beacon of hope and positivity for the nation and the city, and adds tremendous economic value to the residential developments in Dubai Creek Harbour.

Visitors to Emaar’s elegantly designed pavilion will have the opportunity to gain strong insights into Dubai Creek Harbour’s masterplan, the various residential developments that have been launched, and the unique position of The Tower, which is directly linked to a mega-retail district.

Featuring a world-class marina, a central park, a 4.5 km Creek Boardwalk, waterfront hospitality and luxury retailers, Dubai Creek Harbour is centrally located in Dubai by the historic creek. It is also in close proximity to the Ras Al Khor wildlife sanctuary, a biologically diverse wetland reserve and home to over 67 species of water birds protected under the UNESCO Ramsar Convention. Dubai Creek Harbour is only 10 minutes from the Dubai International Airport.

Additionally at this year’s Cityscape Global, Emaar will also showcase its mega-development Dubai Hills Estate, a joint venture with Meraas Holding. A green city within the city, Dubai Hills Estate is one of the most sought-after residential destinations in the city for its green lifestyle with homes set around a championship golf course.

Other iconic attractions at Emaar’s pavilion include Dubai Opera, a multi-format venue in the heart of The Opera District in Downtown Dubai that opens at the end of August. Dubai Opera’s spectacular architecture, inspired by Dubai’s maritime tradition, positions it on the league of globally renowned opera houses, and will be a cultural hub for the region hosting high-profile performances and events.

Also on showcase will be a new nearly 7 sqkm lifestyle development that is strategically located around a championship golf course. It will feature a mix of specially designed, new townhouses, villas and apartment concepts, set amidst green boulevards, walking and bicycle trails and community retailers, with significant F&B, medical and educational facilities within the community as well as two hotels.

The ongoing residential projects in Downtown Dubai and projects by Emaar’s international entities including Emaar Egypt, Emaar Turkey, Emaar Lebanon, Emaar Middle East and Emaar Morocco will also be highlighted at the pavilion.

Monday, August 22, 2016

Omniyat Reveals Latest Details Of Flagship Palm Jumeirah Project‏

One of Dubai’s most exciting construction projects is rapidly taking shape, with progress now visibly making an impact upon the Palm Jumeirah skyline.

In a new construction report released today, Omniyat has revealed that its flagship One Palm project, based on the left trunk of Palm Jumeirah has reached level three of its cores, with first level slabs now completed at 16m above ground level. Slabs are expected to be completed up to level 15 by the end of 2016, making One Palm taller than its neighboring developments.

The 910,000 sqft 100m development is set to be an eye-catching architectural statement unlike anything else in the city. With just 90 residences set in the tallest private residence on the Palm it is already looking to be one of the most sought after addresses in Dubai.

The ultimate in plush, luxurious surroundings, One Palm will be equipped with an unrivaled range of amenities and facilities to cater to its residents. The One Palm Clubhouse, which includes an incredible fine-dining restaurant, indoor and outdoor swimming pools, outdoor cinema and BBQ area, cigar lounge, yacht club and spa are just some of the offerings available exclusively to those lucky enough to secure their property.

The iconic property, due for completion in 2018 is designed by New York architects SOMA. Each residence will be a statement of personal taste with owners able to choose their interior and finishes from two of the world’s most esteemed designers to match their individual style.

Buyers will be able to choose from interiors designed by Japanese firm Super Potato, known for its chic, modern fit-outs or the opulent rich textures or London based luxury design studio, Elicyon – famed for its involvement in the renowned One Hyde Park building in London’s Knightsbridge.

Mark Phoenix, Managing Director of Omniyat said: “With its superior list of facilities and amenities, paired with extraordinary design, luxurious interiors and unspoiled views, it’s no surprise that One Palm, has been billed as Dubai’s most exclusive address.”

“It’s clear to see from our latest construction report that development of One Palm is coming on in leaps and bounds. This has clearly piqued the interest of potential buyers who are keen to get their hands on one of these magnificent properties.”

++ Operating out of its headquarters in "One by Omniyat" at Business Bay, the Omniyat Group has delivered projects worth $6.2 billion and has a pipeline of a further AED 12 billion in various stages of planning and development. Some of its prominent projects include The Opus by late Dame Zaha Hadid, The Sterling, The Pad and ONE at Palm Jumeirah.

Thursday, August 4, 2016

Mudon Continues To Expand

Dubai Properties (DP) has announced that the Mudon project, a master-planned residential community in DUBAILAND, is currently undergoing a Phase 2 staged homeowner handover which is scheduled for completion by October 2016. The handover of close to 400 units will cater to the unprecedented customer demand for a unique and family-friendly residential environment.

According to the recent Dubai Pulse 2015 report, over 93.7% of Dubai residents consider the Emirate to be a suitable place for raising a family due to its state-of-the-art infrastructure and services. This survey emphasizes how the high quality of Dubai’s residential communities plays a decisive role in property decisions, and how communities like Mudon continue to be a key investment category for property buyers, especially end-users. Benefiting DP’s experience as a premier master developer, the exceptional master-planned community has set the benchmark for residential destinations across the Emirate.

Abdulla Abushabib, Senior Executive Director for Customer Care and Government Relations, DP, said: “We are excited to see Mudon flourish into a community that matches the cosmopolitan lifestyle, growing economy and progressive culture that makes Dubai one of the most attractive prospects for buyers coming from around the world. Since the complete handover of 398 units in Phase 1 in 2015, homeowners have enjoyed their spacious Arabic-themed villas and the extensive community and sporting facilities that make Mudon one of the most preferred residential neighborhoods in Dubai. With fantastic feedback from the residents in Phase 1, we are expecting similar results for Phase 2.”

The popularity of the Mudon community comes as no surprise as real estate portal Bayut.com has reported that DUBAILAND was the most popular neighborhood among users looking for rental villas in H1 2016, with the area receiving a majority 9.7% of all searches undertaken for Dubai rental villas on the website.

“A peaceful living environment with family-friendly community amenities, along with the overall quality of the design and build of the villas, was the key criteria when deciding where to invest in a home for our family,” said Serge Raould Tanga, who took over his villa in the Mudon neighborhood in 2015. “Mudon ticked all the boxes as we instantly fell in love with the aesthetics of our villa and the community is perfectly situated close enough to town to easily commute into work, while still being able to enjoy a lifestyle that complements the varied needs of all of our family members.”

The residential area in Mudon is complemented by a sprawling 64,000 sqft community center that hosts a supermarket, swimming pool and gym, tennis court, a medical clinic, children’s nursery and playground, and a variety of retail outlets and restaurants. Residents will also soon be able to enjoy the 41-acre Mudon Central Park with cycle and jogging paths, as well as the educational offerings at the GEMS school, which is currently under development.

According to Abdalla Alkhajil, a homeowner who lives in Phase 2 of the community with his family, the planned recreation and sporting facilities, and retail and F&B offerings at the Al Salam Town Center, were some of the main attractions behind their decision to set up home in the community. “As working parents, having a comprehensive community center, along with sports and leisure amenities at our fingertips, was important to us. Being able to take care of all of our shopping, childcare, recreation and healthcare needs a few minutes away from our home allows us to spend more quality time together as a family.”

The Mudon community is part of DUBAILAND, a Dubai Properties destination that is an evolving leisure, shopping and sports destination. As one of the leading master-planned residential and leisure destinations in Dubai, DUBAILAND is home to a number of Dubai’s leading attractions, including Global Village, Dubai Outlet Mall in Outlet City, the Autodrome in Motor City and the Cricket Stadium at Dubai Sports City, as well as 100,000 residents.

Thursday, July 21, 2016

Arabella 1 In Dubailand Going Strong

Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager of four major destinations in Dubai – JBR, Business Bay, Culture Village and DUBAILAND - has announced that the first phase of infrastructure work has been completed and building construction is now in full swing at the Arabella 1 Townhouses located within the Mudon community in DUBAILAND.

The main construction contractor, Trojan General Contracting Co. LLC (TGC), has mobilized onsite at the sold-out residential community in preparation for the commencement of the next phase of infrastructure work, which is scheduled to be completed by the end of 2016.

Located within Mudon, Arabella 1 is one of the most sought after neighborhoods of timeless, elegant and modern designed units with simple artistic lines and generous glass facades.  Homes at Arabella 1 Townhouses carve a new definition point for active living, encouraging the outdoors and a healthy lifestyle.

Masood Al Awar, Chief Commercial Officer, Dubai Properties said, “Arabella 1 is an exemplary development for DP as it fosters a local neighborhood spirit while offering a range of options to suit a range of buyers, from young professionals seeking comfortable housing, to families looking for a lively residential destination with a communal feel. As a leading master developer of iconic destinations that help steer the resurgence of Dubai’s real estate market, we are pleased to announce that the building construction work at the family-focused residential community is well underway.”

TGC, an Abu Dhabi-based construction company specializing in residential housing and the development of renowned self-contained communities in the UAE, sees the Arabella 1 project as an opportunity to positively contribute to the development of Dubai’s residential community infrastructure.

Eng. Hamad Al Ameri, Managing Director, Trojan Holding, commented, “In line with our vision and Dubai’s hosting of the upcoming World Expo 2020, we take pride in being committed to timely delivery and the highest quality of work across all our projects. The Arabella 1 housing project allows us to utilize our assets of vast and efficient manpower and cutting edge technology to deliver excellence. Arabella 1 Townhouses is undoubtedly going to fuel the real estate market with its unique and sought after offerings and we are very excited to be a part of such a prestigious project.”

In response to the extensive market needs, and with the aim to enrich the lives of residents, Arabella 1 Townhouses reflects Dubai Properties’ experience and understanding of the local real estate arena.

Arabella 1 Townhouses is planned to be completed in 2018 and Arabella 2 Townhouses was launched earlier this year due to strong customer demand.  The two townhouse projects are part of the master planned Mudon community.

Mudon occupies a prime location 15 minutes from the center of Dubai and is just over 10 minutes from the Mall of the Emirates and enjoys direct access to Emirates Road and Mohammed Bin Zayed Road via Hessa Street and Al Qudra Road. The exclusive three to four bedroom townhouses in Arabella 1 range from 1984 sqft to 2603 sqft and are nestled in amongst the community facilities at Mudon including sporting facilities, recreation areas, F&B, community services, healthcare, education, and other community amenities.

Monday, July 11, 2016

Exchange Tower, Business Bay, Handover Fully Completed

>The tower is fully live and operational, with 188 offices handed over to landlords

>Several landlords already enjoying 9% net on rental yield, one of the highest in the commercial property market

The handover at The Exchange Tower in Business Bay has been fully completed with 188 offices handed over to landlords. The tower, which was completed in January 2016, is fully live and operational marking a historic year for the Saudi-based real estate developer Tanmiyat Global, who also recently announced the Phase 1 handover of the Living Legends Community in Dubailand containing 184 villas and 144 apartments.

“This is an exciting time for Tanmiyat; 2016 is all about delivery and we are showing our commitment to our clients and partners with the completion of The Exchange Tower.

There is no doubt that the past several years have been tough for the construction industry in the region but we believe in this market and feel the only way is up from this point”, comments Mohammed bin Odah, CEO of Tanmiyat.

The Exchange Tower located in Business Bay opposite the JW Marriot Marquis, includes offices and retail spaces that have been finished to a high standard using top quality materials. With many offices already leased, several landlords are benefiting from a 9% net on rental yield, one of the highest in the commercial property market.

"The Exchange Tower is in a close proximity to the new landmark Dubai Water Canal and is in a fast growing location near the new address of the Dubai Financial Market. The location offers steady and clear growth potentials to our clients and we are already witnessing high demand from secondary markets on the tower. We are expecting Business Bay to attract more anchor brands and large corporations in the future", continues Mohammed.

The demand is partly due to the positive impact of Expo 2020 which has seen more companies relocating to Dubai and new start-ups entering the market. In fact, the Department of Economic Development in Dubai issued 22,691 business licenses in 2015, an increase of 17.4 percent compared to the total number of licenses issued in 2014.

“Recent market results have been a clear indication that Dubai remains an attractive destination for companies and investors due to robust economic activity prevailing in key sectors.

We are carefully monitoring the market and looking at potentials as we aim to keep expanding our portfolio”, concludes Mohammed bin Odah.

Tanmiyat’s key developments include the Living Legends Community containing apartments, villas and a mall, The Exchange Tower and The Court Tower on the Business Bay canal. Phase 2 of Living Legends will start handover in Q4 of 2016 whilst the full line-up of facilities including a school, mall and 5-star hotel will be complete in late 2017.

The handover of both The Exchange Tower and Living Legends projects demonstrates Tamiyat’s commitment to delivering icons in the UAE and the future looks  bright for the real estate developer.

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