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Emmar Properties
Emaar offers a comfortable for investors in Dubai to own land, villas, and flats. Emaar properties PJSC is a public company founded in 1997 with the ambitious goal of becoming the region's leader in property development, acquisition and management of both commercial and residential property. It has a capitalization of AED 5.2 billion (US$ 1.4 billion)
The government of Dubai holds a major stake and rest in the hands of thousands of UAR nationals. Emaar's project are consistently value-analyzed to ensure the best returns for its shareholders and property owners while its properties are designed to become landmarks bringing an improved lifestyle for the communities in which they are built.
Nakheel Properties
The Palm Islands - world's Eight Wonder' largest two man-made islands known as The Palm, Jumeirah and The Palm, Jebel Ali. Located just off the coast of the city of Dubai in the United Arab Emirates, the two palm tree shaped islands are expected to contribute to the city's position as premier tourist destination. The project will increase Dubai's shoreline by a total of 120 km and create a large number of residential, leisure and entertainment opportunities, all within a unique and inspiring setting.
Salient Points
The Palm consists of two islands palm Jumeirah and Palm Jebel Ali. Together, these will add 120kms to Dubai's shoreline and increase the UAE beachfront by 166 per cent.
Each will have at least 40 luxury hotels, entertainment and shopping facilities as well as residential options.
Each will also have theme parks, water sports, diving facilities, theaters and entertainment facilities such as "Dive Experience" which will have four key themed areas including "Snor-kelers Cove"," The Lost City", "Dives of The World, and "Spear Fishing Area".
There are 2,000 properties on Palm Jumeirah - Cove Town Homes with a built up area from 3,500 square foot; Garden Villas on 6,500 square feet and villas on 13,000 square feet. Palm Jumeirah will use 95 million cubic meters of sand and rock; mostly dredge form Jebel Ali Port that is being deepened. To date over 17 million cubic meters of fill materials has been dredged. Some 800,000 cubic meters of rock has been used for breakwater.
Most outstanding of the new elements of Palm Jeble Ali are the 1060 Water Homes being built on stilts, which when viewed from above spells out a verse form an Arabic poem written by H.H. General Sheikh Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister. The verse from the poem translates to "Take wisdom from the wise people; Not everyone who rides is a jockey".
In Palm Jebel Ali a 'Sea Village' theme will feature on the Trunk, which measures 2.4kms in length and 450 meters in width. Within the 'Sea Village' - the region's only sea aquarium - will be world - class attractions like killer whales and other deep-sea wildlife. It is certain to become a tourist hot spot for young and old alike. Eight hotels up to eight storeys high and with a maximum of 400 rooms will provide unsurpassed ocean views and proximity to the leisure activities of the Sea. In total, there will be approximately 2000 Signature Villas, Garden Homes and Town Homes, together with several luxury apartment buildings and 1060 Water Homes on The Palm, Jebel Ali, which will be 7.5kms in width and 7kms in length. In early April this years the Signature Villas, Garden Homes and Town Homes were released for sale at a cost ranging from 1,870,000 to 5,115,000 dirhams each. The for sale at a later stage.
Jumeirah Islands
Nakheel Properties has launched a new residential development in Dubai Known as Jumeirah Islands. Work has already stared on the community of 50 islands which will cover an area of 300-hectares. Located just off Sheikh Zayed Road between interchange 5 and 6, the project is aimed at attracting families who are looking for a residential retreat. The 50 islands will be clustered among spacious, luxuriantly landscaped canals and each cluster will be bounded on three sides by water. A total of 16 villas with private swimming pools will be located on 46 of the islands. It includes a commercial area called "Jumeirah Islands Village," which will have extensive retail and leisure facilities. There will also be parks, canoeing, and peddle-boating, walking trails, walkway bridges and a community club. Tow clusters of island close to the commercial area will house four deluxe apartment buildings totaling 184 units to be built in the Brazilian Island style. Two fronds will host unique, stylish town houses with 30 houses on each frond. A variety of elements ranging from cascading waterfalls to bountiful flower gardens, romantic promenades, luxury marinas and an exclusive resort will all come together to form part of the experience that Jumeirah Islands is set to offer.
The World
Nakheel Corporation unveiled concept plans to construct another offshore island development just office the coast of Dubai. Conceived by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the development is called 'The World' and will consist of a series of 200 islands, positioned strategically to form the shape of the world map. This development will be positioned 5 kms off the coast of Dubai, it will be 5.5 kms in length and width, and will cover 60 million square feet, including 10 million square feet of beach. 'The World' is set to be the most exclusive and private water retreat available in Dubai. It will provide an intriguing and one of a king haven for investors looking for exclusive and world-class real estate opportunity. The 200 islands will vary in size and will be themed to show some similarities to the specific country they are representing. To ensure the island ambiance is maximized restrictions have been placed on the height of developments. A series of waterways canals and lakes have also been integrated into the overall design. Considered a first of its kind, this development is expected to cater specifically to the elite residential and tourist market. Access to the island will be entirely by marine transport only there will be no road access. To protect the development, two types of breakwater will be built to surround it; these include an above water revetment and a submerged reef. The first stages in construction of the islands, known as reclamation, are expected to commerce in late 2003. Total completion of the project is forecast for 2008.
Dubai China Town: Dubai to build the world's largest Chinatown, outside China, five minutes from the airport. This 800-hectare development includes a business district shaped like a dragon, its own Great Wall, and a Forbidden City for one-bed apartments and retail. The complex is intended for China and non-Chinese investors and also has tourism attractions as well as accommodation for 60,000 people.
Private Real Estate Developers
There are number of other private property developers in Dubai who purchased land from Nakheel Corporation or Emaar Properties and are constructing apartments/villas for outright sales. Few of the privately developed free hold properties in Dubai are 32 Group, Jumerirah Residence, the pacific, The Water Front, The Palm, Manchester Tower, Marina Crown, Al Seef Tower, Marina Terrace, Damacc, Saba Office Tower.
Other Real Estate
Projects In Dubai
Dubai
Pearl Development: The
20-million square feet Dubai Pearl project is
located on the fringes of the Dubai
Media and Technology Free Zone, overlooking Palm
Jumeirah. This integrated urban community will
offer an unparalleled combination of convenience,
luxury, sustainability and technology.
Dubai
Pearl will comprise four iconic towers, premium
offices, international retail and dining
options, five star-hotels including the Baccarat
Hotel & Residences, a 2,000-seat theatre,
upscale ballroom facilities, as well as pedestrian
walkways.
Dubai
Pearl will be a ‘walkable’ city
within a city with its masterplan ensuring
energy efficiency and use of space to optimize
energy. more >>
Madinat Jumeirah: Medinat Jumeirah will offer the ultimate Arabian experience and will be located adjacent to Burj Al Arab and the Jumeirah Beach Hotel. It will be operated by Jumeirah International. The resort will encompass and promote the rich heritage and traditions of Arabia, allowing visitors and guests to experience the history and roots of the Arabic culture within an exclusive environment. The 40-hectare resort will house two hotels, each having 300 bedrooms and 340 villas in a relaxed and traditional atmosphere that will also have traditional souqs separated by artificial lakes and date palm trees.
The resort is being developed in two phases, the first which includes Port Al Salam Hotel, will be finished by mid 2003 and the entire project will be ready by 2004. The project will also have a meeting and convention center of over 9,000sq.m with a 2,000sq.m ballroom, reflecting the architecture of the region. There will also be a large amphitheater at the center of the facility.
Health Resort in the Palm: The Belhoul Group is investing DH 367 million in a health therapy resort on the Palm Jumeirah. The resort will cover a 20,000 sq metre plot and will feature various medical and health facilities.
Burj Dubai World's Tallest Building: Emaar Properties has come up with the idea of constructing the world's tallest building 'Burj Dubai' in Dubai, at a location close to the Sheikh Zayed Road. 'Burj Dubai' will probably have to exceed 500 meters in height if it is to achieve its goal of being the world's tallest building. Quick look around reveals that Burj Dubai will have to outdo Petronas Towers in Malaysia (452 meters) and the forthcoming Shanghai World Financial Centre, which should scrape 492 meters when it is completed in 2007. Lauding the picture is the Taipei 101 Tower in Taiwan, currently under construction and which, its developer claims, will be 508 metres, when it is completed, including 60 meters tall antenna. Although no official figure has been given, newspapers report that Burj Dubai has a budget of US $ 3 billion. According to 'Emaar' construction on Burj Dubai will begin this year and that land has already been donated by the Dubai government. Combining residential, commercial, hotel entertainment and leisure outlets with open green spaces, water features, pedestrian boulevards, an old town and one of the world's largest shopping malls, this project will create a new architectural landmark.
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