Sunday, December 28, 2008

Soma Bay, Red Sea Coast, Egypt

Egypt is moving ahead strongly with Mega Project development and many of these projects focus on the resort / vacation sector of the market. Soma Bay is one of Egypt's most exclusive Mega Resort Projects. A completely self contained ten million square meter community located on the "Red Sea Riviera," Soma Bay is only a 4 hour flight from Central Europe and offers some of the most beautiful sandy beaches of the Red Sea as well as year round sunshine and a temperate climate.


>> Resort Hotels. Soma Bay has 3 of the finest resort hotels in the world:

**La Residence des Cascades. A member of The Leading Hotels of the World, La Residence is positioned on the highest point of the peninsula of Soma Bay. The hotel contains 250 guest rooms and suites that overlook the Cascades Championship Golf Course. La Residence is also home to one of the largest and most exclusive thalasso therapy centers in the world, Les Thermes Marins des Cascades.

**Sheraton Soma Bay Resort. The 312 room resort features Egyptian themed architecture in the spirit of the ancient Pharaohs and has one of the most beautiful sandy beaches on the Red Sea. It also features 3 sweet water pools... two of which are heated, windsurfing and sailing instruction, 3 tennis courts, a squash court, a gymnasium and a croquet court. Sheraton Soma Bay regularly wins accolades for the quality and friendliness of its service. It has been recognized by TUI in 2002 as the best Resort in Egypt!

**Robinson Club. This 300 room resort hotel offers a continuous program of sports activities and entertainment, including after dinner shows in its open-air theater. Sports facilities include diving, windsurfing, and sailing centers, seven tennis courts, a gymnasium and aerobics center, and two sweet water heated pools.

**Two more hotels will be opening soon in Soma Bay, The Breakers Diving and Surfing Lodge and Kempinski Hotel Soma Bay.

>> Cascades Golf and Country Club. One of Soma Bay's most attractive features, Cascades offers a Gary Player designed 18-hole, par 72 Championship Golf Course. Next to this course is a 9-hole, par 3 Challenge Course also designed by Gary Player. A Golf Academy and the Cascades Club House is located here as well.

>> Les Thermes Marins des Cascades. This Spa, as I noted earlier, is part of La Residence des Cascades and features thalasso therapy. This type of therapy is based on the curative properties of sea water and seaweed. The concept of thalasso therapy relies on the simultaneous use of all aspects of the marine environment with both a preventative and curative objective and according to Les Thermes:

'Treatments respond to the needs for relaxation, beauty, slimness, improved blood circulation and the relief of minor back and neck ailments. The effectiveness of the different treatments complement and reinforce one another, resulting in new vitality, improved form and more balanced health.'

>> Water Sports. Soma Bay, being located right on the Red Sea Coast, will have its own Marina and offer all kinds of water sports including:

- Scuba Diving
- Snorkeling
- Diving
- Kitesurfing
- Windsurfing

>> Resort Homes. For those who wish to purchase a residence, Soma Bay offers a variety of home choices:

- Bay Villas
- Reef Villas
- Golf Villas & Apartments
- Marina Apartments
- Soma Breeze Hotel Residences

All of these Soma Bay residences make a perfect second home getaway in what I consider to be one of the most beautiful resort destinations in the world.

Soma Bay is a total Mega Resort Project. It offers everything required for a relaxing first class holiday!

Here is a Soma Bay video from YouTube:


This link takes you to the Soma Bay website:

Tuesday, December 16, 2008


Every year ArabianBusiness.com comes out with their 'World's 50 Richest Arabs' list. These are the richest and most powerful Arabs! They are involved in every kind of business and commerce you can imagine. They are the movers and shakers of the business world!

What follows is the complete 2008 list of the world's richest Arabs. Please note that there are 49 names on the list, not 50. This is because ArabianBusiness.com lists number 30 on their list as "Entry removed due to calculation error" so I did not include that on this list.


1.) Prince Alwaleed bin Talal Al Saud, US$ 17.08 Billion, Saudi Arabia
2.) Nasser Al Kharafi, US$ 9.6 Billion, Kuwait
3.) Maan Al Sanea, US$ 9.3 Billion, Saudi Arabia
4.) Sheikh Mohammed bin Issa Al Jabber, US$ 8.8 Billion, Saudi Arabia
5.) Mohammad Al Amoudi, US$ 8.8 Billion, Saudi Arabia
6.) Abdulaziz Al Ghurair, US$ 7.8 Billion, United Arab Emirates
7.) The Bin Laden Family, US$ 7.2 Billion, Saudi Arabia
8.) The Olayan Family, US$ 7.2 Billion, Saudi Arabia
9.) The Kanoo Family, US$ 6.1 Billion, Bahrain
10.) Said Khoury, US$ 6 Billion, Palestine
11.) Sulaiman Al Rajhi, US$ 5.4 Billion, Saudi Arabia
12.) Saleh Kamel, US$ 5.3 Billion, Saudi Arabia
13.) The Al Shaya Family, US$ 5.1 Billion, Kuwait
14.) The Gargash Family, US$ 5 Billion, United Arab Emirates
15.) Mahdi Al-Tajir, US$ 4.4 Billion, United Arab Emirates
16.) Hasib Sabbagh, US$ 4.3 Billion, Palestine
17.) Majid Al Futtaim, US$ 4.3 Billion, United Arab Emirates
18.) Abdullah Al Futtaim, US$ 4.3 Billion, United Arab Emirates
19.) The Algosaibi Family, US$ 3.6 Billion, Saudi Arabia
20.) Shwan Al-Mulla, US$ 3.4 Billion, Iraq
21.) The Al Zamil Family, US$ 3.4 Billion, Saudi Arabia
22.) Mohamed Abdul Latif Jameel, US$ 3.3 Billion, Saudi Arabia
23.) The Sawiris Family, US$ 3.2 Billion, Egypt
24.) Khalid bin Mahfouz, US$ 3.2 Billion, Saudi Arabia
25.) Saleh Al Rajhi, US$ 3.1 Billion, Saudi Arabia
26.) Suad Al Humaidi, US$ 3 Billion, Kuwait
27.) Sheikh Walid Al Ibrahim, US$ 2.9 Billion, Saudi Arabia
28.) Abdullah Al Rajhi, US$ 2.9 Billion, Saudi Arabia
29.) Nadhmi Auchi, US$ 2.8 Billion, Iraq
30.) Saad Hariri, US$ 2.6 Billion, Lebanon
31.) Issam Fares, US$ 2.4 Billion, Lebanon
32.) Bahaa Hariri, US$ 2.3 Billion, Lebanon
33.) Mohammed Shafik Gabr, US$ 2.2 Billion, Egypt
34.) The Al Rostamani Family, US$ 2.2 Billion, United Arab Emirates
35.) Ayman Hariri, US$ 2.1 Billion, Lebanon
36.) The Shoman Family, US$ 1.9 Billion, Palestine
37.) Omar Ayesh, US$ 1.8 Billion, United Arab Emirates
38.) The Boodai Family, US$ 1.7 Billion, Kuwait
39.) Tareq Sultan, US$ 1.7 Billion, Kuwait
40.) Al Tayer Family, US$ 1.7 Billion, United Arab Emirates
41.) Mohamed Al Bahar, US$ 1.7 Billion, Kuwait
42.) The Alghanim Family, US$ 1.6 Billion, Kuwait
43.) Munib Al Masri, US$ 1.6 Billion, Palestine
44.) Ziad Manasir, US$ 1.6 Billion, Jordan
45.) Ahmed Ezz, US$ 1.5 Billion, Egypt
46.) Najib Mikati, US$ 1.5 Billion, Lebanon
47.) Hesham Talaat Moustafa, US$ 1.5 Billion, Egypt
48.) Fayez Sarofim, US$ 1.4 Billion, Egypt
49.) Mohammed Al Rajhi, US$ 1.1 Billion, Saudi Arabia

This link takes you to the ArabianBusiness.com 'World's 50 Richest Arabs' article. Here you will see the list as well as other interesting information about the Arab Billionaires.


Thursday, December 11, 2008

Dubai Pearl

The Dubai Pearl is a huge mixed-use Mega Project being developed by a consortium of investors led by the Al Fahim Group and being built over an area of 1.7 million square feet, at a cost of $4Billion. Dubai Pearl is located in the Dubai Media and Technology Freezone and is only:

- 5 minutes from Dubai Marina,
- 10 minutes from Emirates Golf Club,
- 15 minutes from Jebel Ali Port and Free Zone,
- 20 minutes from Dubai International Airport,
- 50 minutes from Abu Dhabi.

Dubai Pearl has been designed to be a Pedestrian City which means the entire project is easily walkable, and what I really like about this development is that it will be climate controlled.....OUTSIDE. This "weather buffering" technology is being used more and more in Dubai Mega Projects including Jumeirah Lake Towers and Dubai International Financial Centre. It can actually cool outside areas just as air conditioning cools inside areas. You will see more and more of this all over The Gulf in order to eliminate the one big problem of this region....the heat.

Dubai Pearl, being a "city within a city," will offer everything you would expect from a multi billion dollar Dubai Mega Project including:

**Six, 5-Star Hotels including the Baccarat Hotel & Residences,
**Premium Residential and Commercial space,
**International Retail and Leisure Venues,
**Luxury Fashion Precinct,
**Boulevard of Luxury Boutiques,
**Gourmet Restaurants,
**2000 Seat Performing Theatre,
**Cinema Complex,
**Covered Parking for 16,500 vehicles,
**Landscaped Walkways,
**Sports Club,
**World Class Spa and Recreation Facilities,
**Jogging Track and Wellness Clinic.

The centerpiece of Dubai Pearl is the magnificent Dubai Pearl Tower. This is one of the most massive and impressive buildings I have ever seen. I predict it will become a Dubai monument right up there with Burj Dubai, Palm Jumeirah and Burj Al Arab. The gigantic Dubai Pearl Tower will be mixed use and contain the following:

Residential Areas:

> Sky Palaces with private gardens and pools,
> Sky Penthouses,
> Luxury Apartments,
> Branded Apartments,
> High speed elevators,
> Viewing Decks on every floor,
> Private Lobbies,
> Assigned underground parking.

These residences will be some of the finest in The Gulf and I have seen prices ranging from $1.25Million to $4Million depending on the size of the unit and its location within the Tower. However with real estate prices being slashed in Dubai look to pay far less!

Hospitality Areas:

> 5-Star Hotels,
> Boutique Hotels,
> Luxury Hotel Residences,
> World-Class Spa,
> International Restaurants and Entertainment.

Business Areas:

> Situated within the Dubai Media and Technology Free Zone (TECOM),
> 100% Foreign Ownership,
> 100% Repatriation of Capital,
> No Minimum Capital Investment,
> No Currency Restriction,
> No Corporate Taxes.

One of the best things about having an office at Dubai Pearl is that you can also buy one of the great residences offered, and virtually eliminate those annoying Dubai commutes to work!

Retail Areas:

> Luxury Shopping Mall,
> 21st Century Covent Garden,
> International and Themed Restaurants,
> Side-Walk Cafes,
> Premium Retail Space,
> Ample Parking.

"We conceived and planned Dubai Pearl as an international quality landmark that will continue to reinforce Dubai as a global city of excellence. Arguably the best location in Dubai deserves nothing less I believe," said Abdul Majeed Al Fahim, Chairman, Dubai Pearl

Dubai Pearl has everything it takes to become another spectacular monument for the region. The architecture of the project and the overall grandeur of the Dubai Pearl Tower will make this Mega Project a World Icon!

This link takes you to the Dubai Pearl website:


Monday, December 1, 2008

Dubai Marina Yacht Club

Dubai is perfectly positioning itself to become one of the top yachting destinations of the world. Ideally located on The Gulf and a top destination for the world's Jet Set, I predict that Dubai will soon be known as the place to be if you are part of the Yachting World. The magnificent Dubai Marina will be the hub for yachting in Dubai, although Dubai will have a number of other exclusive marinas including those being developed by Island Global Yachting.

Since the Dubai Marina will be yachting central for Dubai it is only fitting that Emaar, developer of Dubai Marina, build an exclusive yacht club. And they have-- the newly opened Dubai Marina Yacht Club (DMYC)! According to DMYC:

'Set in the heart of ‘New Dubai’, the Dubai Marina Yacht Club (DMYC) is one of the largest private yacht clubs in the world, with a stunning purpose-built clubhouse and four marinas spread over a manmade 3.5-kilometre canal.

'More than simply a club for those with yachts or a love of the ocean, the DMYC was conceived and designed to satisfy the finer things in life, with both the clubhouse and marina facilities ensuring a 5-star experience from the moment the member arrives at the clubhouse or marina, with fully-trained and knowledgeable staff on call to ensure all marine lifestyle needs are served immediately.'

Eventually DMYC will be home to 500 yachts! Wow!! DMYC contains one of the most architecturally stunning clubhouses you will find anywhere in the world designed by architects Holfords with Hirsch Bedner Associates Design Consultants. At DMYC you will also find:

> Retail Shopping Arcade,
> International Yacht Broker Offices,
> Yacht Chartering,
> Yachting Fashion Boutique,
> Restaurants of all kinds including the world class Aquara seafood restaurant.

There will be special members only facilities and features at DMYC that will include: library and chart room, conference rooms, rooftop garden terrace, VIP courtesy cars, exclusive member events including cocktail parties and boat product launches, valet boat service, member service agents to assist members with all aspects of yacht ownership, etc.

The General Manager of DMYC, Steven Stiglbauer, had this to say:

"Dubai Marina Yacht Club is the first marine club in the extensive portfolio of Emaar and is our contribution to the rich marine sports heritage of the region. The club will drive the marine sports and leisure industry of Dubai and serve as the ultimate destination for marine enthusiasts and boat owners. The diverse array of specially tailored facilities for boat owners will greatly add to their convenience and make marine pursuits easier than ever before.

"The Dubai Marina Yacht Club also welcomes non-members. Apart from restaurants that offer spectacular waterfront views, the Club looks forward to familiarizing them with the Marina-based lifestyle and inspiring them to be active participants in marine pastimes."

DMYC is the perfect addition to the Dubai portfolio of marine related projects. And although at the moment Dubai, like the rest of the world, is taking a beating from the global financial melt-down, this great Emirate shall continue to grow and expand!

This link takes you to the DMYC website:


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