Sunday, September 28, 2014
Saturday, September 27, 2014
Thursday, September 25, 2014
DMCC Award Project Management Contract
to Turner for ‘Burj 2020 District’
- Ahmed Bin Sulayem, Executive Chairman, DMCC, hosts signing ceremony with Ali Odeh, Chairman & CEO, Turner International Middle East to mark the occasion
- Dubai based ‘Burj 2020’ District’ to feature the world’s tallest commercial tower, the ‘Burj 2020’, as its centrepiece
Dubai, UAE; 24 September 2014: DMCC, the Government of Dubai Authority with a mandate to enhance Dubai’s position as the global gateway for commodities trade and enterprise, announced today that Turner has been appointed to project manage the ‘Burj 2020 District’ Development.
Turner won the tender that saw several global project management firms pitch for the management of the commercial district set to be the next world destination for large corporates.
Ahmed Bin Sulayem, Executive Chairman, DMCC, said:
“By appointing experienced project managers such as Turner we are laying strong foundations for delivering the ‘Burj 2020 District’ which will further drive sustainable growth for Dubai.
“Turner has a strong track-record in managing and delivering large complex projects while at the same time embracing innovative ideas and new technologies. Together we will create the optimal environment for trade and enterprise with a world-class commercial district that brings together retail, residential, business and lifestyle services.”
Turner comes with a wealth of experience having delivered the current three tallest towers in the world including the Burj Khalifa.
Ali Odeh, Chairman & CEO, Turner International Middle East, said:
“Opportunities to work on world-class developments of this scale do not present themselves often and we are honoured to be a part of DMCC’s ‘Burj 2020 District’ project. We are committed and ready to take the project to the next level by offering our Project Management Services to the Development of what will no doubt be a world class commercial district of the future.”
The appointment of Turner follows DMCC’s master plan design competition announced in June 2014. The ground breaking for the ‘Burj 2020 District’ is planned for 2015.
The ‘Burj 2020 District’ is being constructed as a direct result of customer demand in particular from large corporates and multi-business entities and will provide companies with a commercial property offering unique to the Dubai marketplace. Benefits include single ownership, contiguous Grade A commercial office space in the heart of Dubai, close to metro stations, world-class cargo facilities, ports and airports that connect to over 220 destinations including the new Al Maktoum International Airport.
The ‘Burj 2020 District’ will also be home to the world’s tallest commercial tower which was named ‘Burj 2020’ in November 2013 in honour of Dubai’s Expo 2020 win.
Wednesday, September 24, 2014
Monday, September 22, 2014
New corporate home for Asteco
Real estate services market leader unites its six business units under one roof with move to Rolex Tower as Dubai-headquartered firm readies for launch of new licensing services division and gears up for 30th anniversary
Asteco, the Middle East’s largest independent full service real estate company, has announced that it has a new corporate home in Dubai’s prestigious Rolex Tower, as the 30-year property leader consolidates its core business units in one dedicated location.
Established in Dubai in 1985, with a 30-year pedigree and high profile client list covering asset management, sales, leasing, valuation and advisory, sales management and owner associations, Asteco has registered a number of notable commercial milestones during almost three decades as a market leader.
“With Asteco set to celebrate 30 years of business in the Middle East in 2015, this was a calculated move designed to bring the team together under one roof as we embark on our next phase of development with the imminent launch of our franchise model in the region,” said John Stevens, Managing Director, Asteco.
“Since 1985 we have held asset management responsibility for over 5,000 buildings, notched up total project sales of AED12.3 billion and successfully handed over 3,194 units, as well as leasing more than 10,500 homes,” he added.
Located on Sheikh Zayed Road, the city’s main business artery, the 60-storey mixed-use Rolex Tower is a premier building and has been managed by Asteco since its completion in 2010.
The company currently manages a total of 350 developments with 7,500 units in three countries and has sold 13 million square feet of projects, which accounts for an impressive 6,814 units purchased by 91 nationalities.
“Our network of regional offices in Abu Dhabi, Al Ain, Dubai, Sharjah, Jordan and Qatar are populated by an incredible international team of industry professionals, and this is one of our fundamental strengths as a leader in the real estate sector as evidenced by our solid performance over the years and long term relationships with investors, developers and tenants across all asset classes,” said Stevens.
Asteco’s six business units, led by its senior management team, have a noteworthy track record. Its valuation and advisory team, under the directorship of John Allen, registered a single valuation topping AED 31 billion in 2011/12, and a combined market valuation for its Abu Dhabi and Dubai properties of AED105 billion for the same period.
Its Sales Management unit has handled over 5.6-million square feet of residential and commercial space to date, with a total value of AED6.25 billion. “The development of the UAE’s real estate regulatory environment has also been something that we, as a team, keep a constant handle on, and with 1,490 DLD registrations to our credit, we are well placed to serve our growing client base,” noted Stevens.
Asteco has also been at the coalface of industry change with its role in the establishment of owner associations in the UAE. “Nicholas White and the Association Management team have six years’ experience in administering this sensitive area of real estate management, and we are proud to say that we have a 100% retention rate and over 90% service charge collection rate across our instructed portfolio,” he remarked.
Next for the company is the launch of its new licensing services and franchise option. This has been created to offer real estate companies and independent realtors as well as regional entrepreneurs looking to diversify their existing businesses, or launch a start-up, access to Asteco’s 30-year brand pedigree and its successful business model.
For more information, please call +971 600 54 7773 or visit www.asteco.com
Asteco, a major regional and international real estate services firm and the largest property services company in the United Arab Emirates, was founded in Dubai in 1985. Asteco offers independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset and property management services.
Sunday, September 21, 2014
Indigo Properties to unveil “ZEN” - its biggest project ever at Cityscape
United Arab Emirates - Dubai, 16th September 2014: Dubai Developer, Indigo Properties, with a history of over a decade of developing excellence in Residential and Commercial properties will showcase a revolutionary masterpiece development the UAE has yet to see - “Zen” by Indigo. Zen means living in harmony within natural surroundings. Far from boxy, cramped styled villas, Zen is inspired from the best communities and resorts in Southeast Asia and all over the world. The project is spread across 4.5 Million sq ft of land in Dubai Golf City to include retail areas, clubhouses, several parks, play areas, jogging tracks, streams, meditation nooks, sunken pavilions and covered outdoor seating.
“Home is a tropical paradise” is Zen’s call to all home lovers and investors looking to live within a lush green community inspired from the tropical resorts of the far east which consists of 346 Villas along gentle meandering paths set among free-flowing streams and lush tropical foliage. The community comprises of villas and townhouse that range from 4000 sq. ft to 10000 sq. and comprise of 3,4, 5 and 6 bedrooms
Mr. Dev Maitra, CEO, Indigo Properties said, “We plan to start construction in the 1st quarter of 2015 and plan to finish in 24-28 months. We will launch “Zen” by Indigo sales during the Cityscape Global exhibition held in Dubai from 21-23 September 2014.”
He further added, “Our attention to design and details sets our projects apart from others. Our first project, Indigo Tower, won an award for best looking tower in JLT by the master developer, DMCC. Our commercial project Indigo Central has attracted tenants of the highest caliber including the likes of ADNIC, Etihad, Reem Al Bawadi, Emirates REIT, ADCB and Canon etc. We are proud of the fact that we have weathered the economic downturn during 2008-2011 and have come out stronger.”
At the upcoming Cityscape exhibition, Indigo Properties will showcase the project across 195 square meters in Hall 3, stand no. 3H20 from 10am – 7pm.
Some of Indigo’s current projects include a 70 villa development called Orange Lake situated at Jumeirah Golf Estates that’s scheduled for completion by the end of the year. Indigo Spectrum 1 and Indigo Optima are two buildings located in International city that would also see completion this year. Indigo will also deliver the last 35% of the 171 Townhouse development in Jumeirah Village called Indigo Ville over the next 8 months.
Till date, Indigo Properties have completed construction and handover of over 1.4 Million square feet of property in Dubai. Mr. Dev said, “We expect to deliver another one million square feet over the next one year by completing various under construction developments. We started out with the launch of two towers but most of our projects now are horizontal – i.e. villas and townhouses. We are well poised to launch our next masterpiece “Zen by Indigo at Cityscape Dubai.”
For more information on “Zen” by Indigo, please visit www.zenbyindigo.com or call on 04-4380888 and email email@example.com
About Indigo Properties
Established in 2004, Indigo Properties is driven by four directors who are passionate about offering the best in design, innovation, excellence and trust. Indigo Properties takes an independent and individual approach to developments, because they understand that each client they are building for is an individual with their own unique needs. This approach is backed by a solid understanding of the creation of beautiful and functional forms, married with years of experience. The company strives for the timely delivery of each project – from small personal spaces through to large scale residential and commercial projects by harnessing the energy and intelligence of everyone who works with them. For further information, please visit www.indigoproperties.ae
Thursday, September 18, 2014
Seven Tides is announcing the release of the exclusive Anantara Residences penthouses at Cityscape Global 2014
- Seven Tides is announcing the release of the exclusive Anantara Residences penthouses at Cityscape Global 2014.
- The penthouses are priced from AED 20.5 million (US$5.5 million) up to AED 40 million (US$10.9 million).
- To date, two penthouses have been sold with the remaining available units offering between 7,468 and 13,478 -square feet of shell and core space.
Priced from AED20.5 million ($5.5 million) up to AED40 million, comparable spend in other high profile international cities would get you a 2,691-square foot five-bedroom furnished penthouse overlooking the Esplanade des Invalides in Paris' 19th arrondissement; the top floor of a former palace in Rome with 4,575-square feet of space and Tiber river views or, for a little extra, a three-level, seven terrace and two elevator penthouse in Vancouver's Grace Tower, the statement said.
Residents can also use facilities in the adjacent five-star Anantara Dubai Palm Jumeirah, Resort & Spa including gym, lagoon pools, dining and entertainment venues, spa and private stretch of beach.
Bin Sulayem also confirmed that 70 percent of the one and two-bedroom units in the South Tower have already been sold, with the recently released North Tower also performing well.
"Our clients are true global citizens, with buyers from around the world including GCC nationals, Russians, Asians and Europeans; and so Cityscape Global offers us another great platform through which we can reach out to prospective investors," he said.
Crystal Lagoons announces opening of regional headquarters ahead of Cityscape in Dubai
The burgeoning Middle East market highlighted with opening of new Crystal Lagoons Tecom office; total regional project value of $12.5 billion, including the world’s largest manmade lagoon at Mohammed Bin Rashid Al Maktoum City – District One
Dubai, 17 September 2014: Multinational Crystal Lagoons Corp. the patented technology developer of giant crystalline lagoons has outlined the company’s commitment to the Middle East with the unveiling of their new regional office in Dubai at Cityscape Global.
Patented in 160 countries worldwide, Crystal Lagoons has projects in the region totalling $12.5 billion and has already showcased developments in the luxury resort of Sharm El Sheikh in Egypt, two developments in Jeddah, Saudi Arabia – including the recently launched Prince Sultan Cultural Centre, two developments in Dubai as well as projects in Jordon and Oman.
“Developers are highly impressed with the transformation Crystal Lagoons can make to any piece of land. Our technology has enabled client sites, with little previous value to be made, more valuable by the creation of waterfront and destination driven real estate,” said Kevin P Morgan, CEO, Crystal Lagoons.
The company’s cutting-edge technology, which was pioneered by Crystal Lagoons Corp. Founder and Chairman Fernando Fischmann, will be showcased at the Mohammed Bin Rashid Al Maktoum City – District One residential community, the lagoon has been flooded and is set to form the world’s largest manmade lagoon, covering 40 hectares, almost four-times bigger than the world’s largest existing lagoon.
“The initial stage of the lagoon at the Mohammed Bin Rashid Al Maktoum City – District One has been completed on schedule and it is no longer a concept, it is now a reality and I’m extremely confident the development will be a major success. The ambition of Dubai goes in hand-in-hand with Crystal Lagoons. Vision and recognising that something of this magnitude can be achieved has been prevalent throughout.
“We are extremely proud of our partnership with Meydan Sobha and believe this development will set a benchmark for the rest of the world. Crystal Lagoons also believes the timing of the launch of the project is quite unique as it will be enjoyed for all to see at the World Fair in 2020,” added Morgan.
It is through the use of technology that Crystal Lagoons’ designs are exceptionally sustainable. They use up to 100 times less chemicals than conventional swimming pools and consume up to 2% of the energy needed by standard filtration systems. In addition Crystal Lagoons use up to ten times less water than irrigating an 18-hole golf course and it can operate in any type of water, whether salt, fresh or brackish.
“Our lagoons are not just sustainable, they comply with the most stringent international water quality standards and our permanent telemetric monitoring, operation and control, ensures optimum water quality and an ecofriendly environment,” added Morgan.
Mohammed Bin Rashid Al Maktoum City – District One will feature luxury residences and will deliver a phenomenal range of features and activities including parks, man-made beaches, water sports, and even a world-class equestrian club with riding trails. The development will also feature a promenade with a wide selection of stores, restaurants, cafes, lively bistros and entertainment options.
Together, the developer Meydan Sobha aim to develop this community of Mohammed Bin Rashid Al Maktoum City – District One into one of the world’s prime residential locations, delivering a new, vibrant ‘green heart’ for Dubai.
The development’s bespoke Sales Centre and nine Model Homes will offer customers a glimpse into their future life surrounded by nature in the heart of Dubai. In addition to the sales centre and model homes, visitors will experience the world-leading Crystal Lagoon water feature and extensive landscaping. Set to redefine upscale community living, Mohammed Bin Rashid Al Maktoum City – District One is located just four minutes away from Burj Khalifa and Dubai Mall.
The only global company with the technological capability to make the development of giant bodies of water economically viable, Crystal Lagoons is positioning itself as offering a unique product differentiator to high-profile tourism and real estate projects around the world.
Visit Crystal Lagoons at Cityscape Global at Hall 2 stand2G30.
ABOUT CRYSTAL LAGOONS
Crystal Lagoons Corporation is an international innovation company that has developed and patented technology that allows for the low-cost construction and maintenance of unlimited size bodies of water in crystal-clear condition. Patented in 160 countries, Crystal Lagoons’ technology applications range widely from its recreational business, which brings the dream of idyllic beach life to any corner of the world, to its industrial variations in closed-circuit cooling, water desalination and applications for the mining industry. The technology was pioneered by Fernando Fischmann, the founder and chairman of Crystal Lagoons Corporation. A trained biochemist, Fischmann patented the technology and founded Crystal Lagoons Corporation in 2007. In less than three years since its formation, Crystal Lagoons Corporation has seen exponential growth and is currently involved in over 300 projects in more than 60 countries, including Egypt, Jordan, United Arab Emirates, Saudi Arabia, Indonesia, Singapore, Colombia, Brazil, Argentina, Peru, Paraguay and United States.