Overseas Property Blog :: guide to international real estate investment

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Archive for the ‘Dubai’ Category

Al Furjan Development In Jebel Ali, Dubai

al-furjan, jebel ali, Dubai (UAE)

Al Furjan in translation means a collection of houses or a small village. The first phase of the project which was launched in September 2007 sold out in its first week of launch. Once finished, Al Furjan will boast more than 4,000 homes within 560 hectares, sheltering, employing and entertaining some 90,000 people every day.

The project is designed to be made up of four villages facing East, South, West and North.

Developed by Nakheel, one of the world’s largest privately held property developers, the project is planned in two phases.

Phase one will be comprised of the South and East villages, while phase two will be facing North and West. Al Furjan’s latest launch was an outstanding success middle last month when the release (which included the architectural styles of Dubai, Quortaj and the newly released Al Hejaz) sold 800 terraced houses and villas within days.

The Palms, Dubai in Photographs

The Palm Islands is a series of artificial islands in Dubai, United Arab Emirates on which major commercial and residential developments have and will be constructed. The islands are the largest land reclamation projects in the world and will result in the world’s largest artificial islands. They are being constructed by Nakheel Properties, a property developer in the United Arab Emirates, who hired the Dutch dredging and marine contractor Van Oord, one of the world’s specialists in land reclamation. The islands are The Palm Jumeirah, The Palm Jebel Ali and The Palm Deira.

Brad and Angelina Buy their own Private Island

Brad Pitt and Angelina Jolie - Better Looking than You

Brad Pitt and Angelina Jolie have bought their own Island in “The World,” Dubai’s ultra-exclusive offshore development. Dubai-based celebrity and society web site Ahlanlive reported that the film stars have bought an island with a view to turning it into a showpiece for environmental issues with the hope that it will encourage people to live a “greener life,” – no comment.

Tallest buildings in the World

Following on from a look at the development in Dubai over the last few years, (If you build it, they will come) here is a closer look at one of the major new developments currently underway. Construction of the Burj Dubai is now over halfway through construction and according to the official website, is currently over 574 meters tall, with 154 completed stories. Along the way, the builders have surpassed a number of previous records in their creation of the World’s tallest building:

February 2007
Burj Dubai surpasses the Sears Tower as the building with the most floors.
May 13, 2007
Burj Dubai sets record for vertical concrete pumping on any building at 452 m (1,483 ft), surpassing the 449.2 m (1,474 ft) to which concrete was pumped during the construction of Taipei 101.[7]
July 21, 2007
Burj Dubai becomes the tallest building on Earth surpassing Taipei 101 which stands at a height of 509.2 m (1,671 ft).The previous day, the head of the Council on Tall Buildings and Urban Habitat (CTBUH), Antony Wood, had confirmed that it “surpassed the height of Taipei 101 structurally (concrete).” However, he also added “We will not classify it as a building until it is complete, clad and at least partially open for business to avoid things like the Ryungyong [sic] project. Taipei 101 is thus officially the world’s tallest until that happens.”
August 12, 2007
Burj Dubai surpassed the height of the Sears’ Tower antenna which stands at a height of 527.3 m (1,730 ft).
September 03, 2007
Burj Dubai becomes the second-tallest freestanding structure, surpassing the 540 m (1,772 ft) Ostankino Tower in Moscow, Russia.

If you build it they will come.

It seems to me, the Dubai city planners may have watched the Kevin Costner movie, “Field of Dreams,” one too many times. But they weren’t far wrong. They did build it and they did come. In fact, they are still coming and the planned developments over the next few years should bring even more. I found some interesting photos of Dubai which show the development over the last few years. The first one is taken in 1989 and the second in 2005. Spot the difference? There has been quite a stunning amount of development in Dubai, and these two photograph, seen together, graphically demonstrate that fact. The next few are some projections of future developments. It’s hard to see an end in sight, with the ‘Palm Islands” and “World Archipelago” developments pushing the boundaries even further.

Dubai 1989:

Dubai 2005:

Bobby Charlton and the Dubai Sports City

Football legend, Sir Bobby Charlton, one of the most well-known figures in English and World football was in Dubai today, to officially launch the third season of Manchester United Soccer Schools as part of the Dubai Sports City project.

Details of the new program, which is expected to be the most successful to date, were announced at the launch event, which was attended by not only Sir Bobby, but also representatives of Dubai Sports City and presenting sponsor Milo. This is the third season of MUSS skills development sessions and is set to attract over 750 boys and girls from across the region, with over 60 nationalities creating a truly multi-cultural sporting environment.

New ‘iPod’ style development – ‘The Pad’ Dubai – located in Dubai Business Bay

iPad Omniyat Full View

Earlier this month Omniyat Properties previewed their planned 230 apartment development, ‘The Pad’. Models of the building, to be designed to look like an iPod MP3 player, were on display at Dubai’s International Property Show 0n 3-5 April.

As an intelligent building the Pad will demonstrate prime specialisms of Omniyat Properties ultimate parent, Almasa Holdings, namely IT and real estate. Also known as ‘iPad’ the building will include lofts, studios and one and two-bedroom apartments. According to Bloomberg (25th April), apartments will cost up to AED 9m ($2.5m). The smallest units start at 581 sq. feet.

Starting prices according to Dubai based realtors GoWealthy.com are as follows:

Studio US$343,688
1 Bedroom US$362,372
2 Bedroom US$901,158

“Hot Real Estate with A Twist” – Rotating Tower Jumeirah Village, Dubai

Finally got hold of a quality rotating tower video. This is an interesting piece from CNBC on good old Dubai featuring the rotating tower in Jumeirah Village….it’s a US$350m off plan 68-storey hotel condo & office tower designed by Italian architect David Fisher. Each floor individually rotates 360 degrees, constantly changing the shape of the building.

[youtube]yxCDsdXjK14[/youtube]

Updated June 25 2008

Here are more details on the project that is due to be complete in 2010

[youtube]1A8QaKGSM5M[/youtube]

World’s first rotating tower launched

A Saudi prince has already snapped up the tower’s penthouse.

Whatever next for the Arabian city that has an artificial ski slope covered in snow even when the temperature hits 50C? Not to mention the world’s tallest building, some 700 metres (2,300 ft) high, rising above palm-shaped artificial archipelagos in the warm waters of the Persian Gulf. Oh, and a growth rate of 16% and a population where foreigners in need of “luxury” homes outnumber locals.

Well, what about the world’s first rotating skyscraper?

Commissioned by the Dubai Property Ring, a firm of UK-based developers, the 30-storey apartment block will use solar energy to power 20 electric motors that will rotate the tower through 360 degrees over the course of a week.”This will be a fair building,” says Nick Cooper, the British engineer working with MG Bennet and Associates of Rotherham, which will build the mechanism. “Everybody will have the same views for the same amount of time.”

Mr Cooper is not referring to “fair” as in “funfair” – though the building is, it has to be said, the spectacular proposed centrepiece of the giant City of Arabia amusement park, complete with animatronic dinosaurs, which is due to open in 2009.

Time Residences will comprise 200 apartments. Its 80,000-tonne bulk will rest on a series of more or less friction-free polymer bearings. “It moves very slowly,” says Mr Cooper. “It is not a theme park ride.”

Will it work? Cooper has previously designed the drilling machine that bored for England and France beneath the Channel, allowing Eurostar trains to race between London and Paris. He has also designed a giant rotating rock-crushing machines for use in mines. Getting a 30-storey building to turn slowly should be a doddle. And, Cooper claims, the power required to make it spin should be no more than is needed to boil 21 electric kettles.

Rotating parts of buildings is nothing new: London’s Post Office tower, featuring one of the world’s first rotating restaurants (with a very British catering service ,provided by Butlins), opened in 1966. But, this side of an observatory, getting a whole building to turn around its axis is something else – a case of a “white hot” sixties technological dream realised in a blazing hot emirate half a century on.

The £41m building is designed by British architects at Glenn Howells Associates, the company currently converting the Birmingham Rotunda into a block of 230 flats, and the Dubai city developers Palmer and Turner.

It will be capped with a crescent-shaped Moon Lounge, which will feature a theatre and an observatory. From here, future residents may just be able to catch glimpses of the further 23 rotating towers the Dubai Property Ring plans to build in cities around the world – one for every time zone. The idea is enough to make anyone dizzy.

Source: Guardian Unlimited

Related:

Second Phase of Dubai Lagoon for Middle Income Earners

Dubai Lagoon, the 3 billion AED high watermark of living, announced their launch of the second phase of the contemporary property development based in the heart of new Dubai. Targeted at middle income, the Lagoon development is well located for the new airport and minutes from two main highways, Dubailand, Dubai Sports City and Dubai Knowledge Village. The second phase boasts studios to two bedroom properties and all include fully furnished kitchens as standard. All Buildings of Dubai Lagoon’s second phase will be based around a stunning sapphire coloured lagoon. The second phase is expected to be ready for occupation by June 2008. It is expected the second phase will be as popular as the first phase, which sold out within 54 days, due to the flexible and extended payment terms. Sonia Husain, Executive Director of Dubai Lagoon said:

‘It is expected that the launch of phase two will be met with the same positive response as phase one. We have a unique proposition at Dubai Lagoon that caters for the middle management demographic, a previously ignored demographic by property developers. In addition to well appointed and good value investment opportunities we are offering flexible payment terms and fantastic options’.

Property buyers can take advantage of the payment terms which allow the purchaser to pay 60% over the initial two years with the balance to be paid over the next five years, like monthly rent. Dubai Lagoon is launching the second phase with a celebratory options scheme which will offer the buyer a variety of incentives dependent upon the property purchase. The incentive allows the buyer the option of a new Chevrolet motor vehicle (Spark, Aveo or Lumina), a PAN Emirates Furnishing voucher or a 5% discount upon booking. Unlike other real estate incentives that wait until completion, with Dubai Lagoon as soon as one book an apartment the owner can drive away the vehicle or take away their vouchers to furnish their new home. In addition to these incentives the apartments are all ownership sub-lease hold title which means that all owners are eligible for family residence visas, subject to UAE immigration rules and regulations. The first phase of Dubai Lagoon proved very attractive to both investors and residents, largely due to the charming, tranquil and luxurious surroundings, resulting in sales of an equal split between the two groups.

Source: AME Info

Related links: Official Dubai Lagoon Website

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