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Tuesday, February 21, 2017

Omniyat’s Opus Tower Is One Of The Best

Dubai-based property developer Omniyat’s visually impressive Opus Tower development has been lauded by global design authority Architectural Digest magazine.

The incredible Dame Zaha Hadid-designed development in Dubai was named in the publication’s recent list of  ‘9 of the Most Striking Skyscrapers With Holes in’ and was a celebration of buildings that offer “city dwellers bold new forms to admire from the outside, but [that] tenants within can enjoy sources of light that more traditional skyscrapers preclude”.

Located in the heart of Burj Khalifa District, the project is due for completion this year and will be home to the ME Dubai Hotel by Melia Group of Hotels, a leading global hotel chain with over 350 properties and 90,000 rooms in 39 countries on 4 continents.

The Opus Residences, a limited collection of luxury serviced residences at The Opus, will be furnished with furniture and fixtures exclusively hand-picked by Zaha Hadid. Each apartment will be an individually crafted art piece.

The placement of Omniyat’s unique flagship property in the list is testament to the developer’s vision and thought leadership when it comes to iconic, avant-garde building design.

Mahdi Amjad, Executive Chairman and Founder of Omniyat, said: “I am delighted that our forward-thinking approach to property development has been recognized by this prestigious global publication and look forward to more accolades as the project progresses.

“When I established Omniyat in 2005 I was motivated by my desire to develop uncompromising creative signature buildings”, continued Mr Amjad. “I was fortunate enough to have worked with my dear friend and design mentor Dame Zaha Hadid on the creation of our flagship Opus Building in the heart of Dubai and it promises to be a worthy addition to the ever-growing Omniyat portfolio.”

Sunday, February 12, 2017

Building Work Nears Completion On AED500m First Avenue Project In Dubai’s Motor City

§  Countdown on as mall and hotel in Motor City set to launch in May

§  Mall’s anchor tenants in place, taking up 40% of the leasable area

§  Arabic restaurant chain Reem Al Bawadi among the anchor tenants

§  Fit-out for retail outlets will be finished within four months

§  Project attracts major brands as backers expect strong consumer demand

Building work is almost finished on First Avenue, the new shopping mall and hotel development in Motor City. The project’s backers say construction work for the mall is on track for completion by the end of this month, with fit-out for the retail units set to take another four months. The mall is expected to open in May, along with the adjoining hotel.

First Avenue’s anchor tenants are in place, taking up 40% of the mall’s leasable area. Carrefour, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, will take up 11% of the leasable area. Prime Medical Centre, a leading provider of clinical, diagnostic and medical tourism services, will absorb 9% of the leasable area. Fun Block, part of Fun City by Landmark Group, will introduce a new generation of children’s entertainment space, occupying 9% of the leasable area. Reem Al Bawadi, a famous Arabic food and beverage chain, will take up 6% of the leasable space. ACE Hardware, the world’s largest hardware retail cooperative selling products to fix homes and businesses, will have 5% of the leasable area.

First Avenue, which is owned and operated by Saudi Arabia’s Al Tawfeeq for Development and Investment (ATDI), will meet rapidly scaling consumer and business demand in Motor City as Dubai’s tourism sector and the local population grow.

“We are delighted that First Avenue mall is on schedule for a ‘soft opening’ in May,” said Dr Ramy Moussly, ATDI General Manager. “The project will be a landmark development in Motor City, strategically located to serve local demand in a growing area with a young demographic, and positioned to help meet rising business and leisure tourism numbers in Dubai. First Avenue is part of Dubai’s newest suburban quarter. Among the signs that the area is popular is the planned move by media group MBC of a major part of its production to Dubai Studio City which is less than one kilometer from the mall and hotel. As Dubai’s development moves southwards, we are well sited to serve a growing and discerning market.”

First Avenue, based at the edge of the Dubai Autodrome, will have 70 high-street retailers and 15 casual dining restaurants. The adjoining four-star 150-room hotel, which can be accessed directly from the mall, will be operated by Park Inn by Radisson, with an all-day restaurant, lobby, meetings and events spaces, gym, spa and swimming pool. The hotel overlooks the race track at Dubai Autodrome.

First Avenue’s backers want the mall to be an all-week-round social and retail hub in the Union Properties-developed Motor City, with a distinct automotive and lifestyle theme. The two-storey development stretches across 500,000sqft. with an underground car park offering 400 spaces.

Motor City is a rapidly growing area in Dubai, close to Studio City, Sports City and Arabian Ranches, and a short drive from Maktoum International Airport and the Expo 2020 site.

Friday, February 10, 2017

Dubai Properties’ Iconic Tower Development 1/JBR On Track For Q4 2019 Completion

Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced that Dubai Construction Company (DCC) has been awarded the contract for the exclusive luxury sea-front tower - 1/JBR. Work is now steadily advancing and on track for a Q4 2019 completion. Located at the entrance to Jumeirah Beach Residence (JBR), one of the most exclusive lifestyle destinations in the Emirate, 1/JBR will epitomize unparalleled luxury and indulgent beach side living.

Abdulla Bin Lahej, Group CEO, Dubai Properties said: “1/JBR is an exemplary development that reinforces DP’s position as a creator of master-planned destinations and it is set to redefine the definition of luxury sea-front living in Dubai. This is exemplified by the extremely positive investor sentiment in the entire JBR area, with Dh2.893 billion worth of real estate transactions recorded in just 6 months of 2016. Our luxury portfolio of destinations is strategically developed to reinforce Dubai’s position as the capital of luxury on a global scale and we have carefully chosen our project partners for this development in order to ensure only the highest quality and specifications for the building works, as well as a timely project delivery.”

DCC, a Dubai-based construction company with more than 50 years of experience in the region specializing in building residential, commercial, mixed-use building, hospitality and leisure complexes, sees the 1/JBR project as an opportunity to bring to life a future icon on Dubai’s skyline.

A spokesperson from DCC commented, “By using only the most innovative techniques, we are able to bring to life the most iconic designs with the highest quality of detail and finish. This approach has allowed us to deliver many memorable and groundbreaking landmark buildings in the UAE and across the region. We are delighted to have the opportunity to be a part of such a landmark project as 1/JBR and our reputation, talented team and decades of expertise will complement DP’s vision for this unique tower development.”

JBR is the most sought-after lifestyle destination among residents and tourists and is globally recognized as a leading mixed-use destination, welcoming over 12 million tourists annually.  1/JBR will be gracing the JBR skyline and offer the bespoke 5-star luxury amenities Dubai is known for.

The 46-story tower, with its panoramic views of the Dubai Eye and Palm Jumeirah, offers amazing living on a new scale as the JBR’s future luxury icon with indulgence infused into every detail. Each of the 161 large units, which range from two-, three- and four-bedroom apartments and five-bedroom penthouses, will have high-end finishings and fixtures from floor to ceiling windows. Each apartment comes with two privately appointed parking spaces as well as private elevators for the penthouse apartments. The building fa├žade perfectly complements the ‘A’ grade interior with unique and animated lighting making its mark on the surrounding lifestyle boulevard – The Walk.

Sunday, January 15, 2017

Cayan Group Closes 2016 As ‘Year Of Excellence’ With Ongoing Projects Valued At SAR 5.5 Billion

++Saudi-based property developer and real estate investment group to surge ahead with strategic objectives and plans for 2017

Cayan Group, the leading property developer in the Middle East, has achieved its strategic business objectives and surpassed some of the tactical objectives for the year 2016, making it yet another excellent year for the group. The group has announced SAR 5.5 billion worth of ongoing projects in 2016.

Throughout 2016, Cayan Group surged ahead with planned projects and made steady progress in both construction and sales. In Riyadh, the CMC Tower’s enabling and structural packages were completed ahead of schedule in May within three and six months respectively. In addition, the group successfully launched Samaya project, a high-end mixed-use development located in a very primary area in Riyadh and the project is currently in the midst of the enabling stage.

In Dubai, the group launched the Cayan Arjaan Hotel Apartments in November at a press conference, during which it revealed that the residential tower of the Cayan Cantara project would also be managed and operated by renowned hospitality brand Rotana under their ‘Residences’ badge. Sales of units in both the Samaya project in Riyadh and Cayan Cantara in Dubai have been remarkable with each averaging 50% sold, which leaves a positive outlook for 2017.

Throughout the course of the year, Cayan Group was honored with numerous industry accolades and awards. The group was honored by Forbes Middle East as one of the ‘Top Real Estate Companies in The Arab World’ and as one of the ‘Top 50 GCC Developers in 2016’ by Construction Week magazine. Cayan Group was also bestowed the top spot in the 2015-2016 Arabian Property Awards in the ‘Office Development’ and ‘Mixed-use Development’ categories for the CMC Tower and Cayan Cantara respectively. Other accolades include the “Most Innovative Leading Property Developing Brand, KSA” by Global Brands Magazine Awards 2016. In addition, Cayan Group received “The Majestic Falcon Award for Quality & Excellence” by Otherways Management & Consulting.

“The general fluctuation in economic conditions in the Gulf region, and in particular in Saudi Arabia, has thrown some challenges our way too but these have not had a lasting or deep effect on our plans. Challenges are neither a phenomenon or a permanent setback; they can be rectified through planning and preparation,” noted Ahmed Alhatti, Chairman & President of Cayan Group. “However, the one area where we have experienced some difficulty in 2016 is in recruitment as attracting qualified personnel remains a challenge in the Kingdom,” surmised Alhatti.

“A source of inspiration for us all has been Saudi’s Vision 2030. The government’s plans have provided a road map to guide our decisions and directions. One of these is the development of local talent which we will pursue vigorously in 2017. This is true for most of the countries in the GCC that are following economic diversification and local talent-pool development plans—it is a great time to make an impact and a difference,” said Alhatti.

To address this concern, Cayan Group is formulating a new strategy to retain, attract, and train the best workers in 2017 by investing in employee skill development, creating alliances with relevant institutions, and offering internships to recent graduates.

Complementing the strategy on staffing, Cayan Group also intends to focus on developing new methods to improve customer care and to show loyalty and exceptional service for existing and potential clients alike. Cayan Homes, through it’s unique range of innovative, holistic real estate services, will continue to provide customers with the best brokerage services, as well as protecting their interests by giving them exclusive opportunities with preferential rates for the upcoming Cayan Group projects.

An area of strategic expansion in 2016 was Cayan Group’s foray into the GCC’s hospitality sector though Cayan Hospitality, and the development of projects such as Cayan Cantara. “The hospitality sector is brimming with opportunities. It would be a shame not to be involved as we have a lot to offer when it comes to developing high-quality, high-end, and fascinating projects. We envision being a point of interest for the tourists whether they stay in a Cayan-branded hotel, or visit any Cayan-branded building,’’ commented Alhatti. “The Group will continue to seek opportunities in this sector in 2017.”

Much like in 2016, the main focus for Cayan Group for 2017 remains its core business which is the development of iconic and awe-inspiring real estate. With three mega projects in the pipeline, Cayan Group continues to lead the way as the master-developer of choice in the Arab world as well as penetrating new market opportunities on an international scale.

“As 2016 draws to a close, we have a strong pipeline of projects that are custom-made to meet the needs of the real estate investors in the region and that stand out due to their individuality and exceptional quality. We are proud of what we have achieved and we are unified in our vision to extend these values to all our businesses. The success of our business is very much a team effort and together we will continue to play an important role in setting the pace of real estate development in the region to match market needs,” said Alhatti.

Tuesday, January 10, 2017

New AED 300 Million Project In Abu Dhabi - My City Centre Masdar

+Convenience-focused neighborhood retail concept tailored to the daily shopping needs of world’s ‘most sustainable’ low carbon city

+My City Centre Masdar will feature 60 retail outlets including a Carrefour Hypermarket and a City Centre Clinic across more than 18,000 sqm of gross leasable area (GLA)

+Easily accessible new mall will serve an estimated population of more than 75,000 residents and professionals

Set to open by the end of 2018, My City Centre Masdar will deliver a convenient, neighborhood retail experience which meets the daily shopping needs of more than 75,000 estimated consumers in surrounding areas. It will include 60 outlets across 18,000 sqm of gross leasable area (GLA), including a Magic Planet family entertainment center, a 5,760 sqm Carrefour Hypermarket, a City Centre Clinic to provide community-focused healthcare services, and convenient dining options for both residents and professionals within Masdar City.

Today around 2,000 people work at Masdar City and its residential population is expected to exceed 3,500 people within the next two to three years. Around 35% of the City’s planned built-up area will be completed over the next five years and nearly 30% has already been committed to, including private homes, schools, hotels and additional office space. Up to 40,000 residents and 50,000 workers and students will be based at Masdar City by 2030.

The one-level mall, to be constructed using Majid Al Futtaim’s international sustainability standards, will have shaded parking for 430 vehicles on its rooftop through the use of photovoltaic panels, with My City Centre Masdar’s energy and water consumption targeted to be 40% lower than comparable buildings, in line with Masdar City’s eco-friendly strategy.  The mall will aim to achieve an Estidama 3 Pearl rating, which is the equivalent of LEED gold building status for sustainability.

Located next to Abu Dhabi International Airport, Masdar City is the flagship sustainable urban development of Masdar, Abu Dhabi’s renewable energy company. A ‘greenprint’ for the future development of our cities, Masdar City applies real-world solutions in clean energy supply, water and energy efficiency, and the reduction of waste.

Ease of accessibility is vitally important for My City Centre Masdar, which will be served by integrated transport links, including an Abu Dhabi Metro line running along the main boulevard with a station situated next to the mall, within easy walking distance.

Masdar City is an innovation ecosystem, connecting education with research & development and business with investment opportunities. The City is home to the first clean-tech cluster in the Middle East to be integrated with a world-class research institute, the Masdar Institute of Science and Technology.

Majid Al Futtaim continues its expansion and enters Abu Dhabi’s shopping mall landscape, as part of the company’s strategy to increase its total investment in the United Arab Emirates (UAE) by AED 30 billion by 2026, taking its total investment in the country to AED 48 billion.  In addition to Abu Dhabi and Sharjah, the company is currently building new malls in Oman, Saudi Arabia, and Egypt, while redeveloping and expanding a number of its 20 existing retail and leisure destinations.

Sunday, January 8, 2017

Schon's Massive New Dh3.2Billion Mega Project

>The development of 2,700 hotel apartments at a single-site development near Dubai South – home to the 140-square kilometer future city that hosts Al Maktoum International Airport and Expo 2020 site

>With a development value exceeding Dh3.2 billion, this is the largest single-site hotel apartment project in the Middle East and North Africa region

>Investors are guaranteed a 12 percent average annual return – the highest for property investors

Schon Properties, recipient of the Top Private Developer award for 2016 by Forbes Middle East, announces the development of iSuites – a massive Dh3.2 billion (US$870 million) home-grown hospitality portfolio that will see the development of 2,700 hotel apartments at a single site within Dubai Investment Park – close to the World Expo 2020 site.

The entire complex includes 21 mid-rise buildings – each having 9 floors including two basement floors – and will be delivered by 2020, just before the historic Expo 2020 begins in the fourth quarter of 2020.

The branded hotel apartments will be managed by international hotel operators to offer greater comfort to visitors. Part of the iSuites inventories will be offered to investors that guarantees a high return on investment.

Sales of the iSuites are currently on as investors and buyers could now purchase a hotel suite or a service apartment that will be managed by international branded chain hotel operators and offer buyers a higher income of 12-15 percent.

“We are launching iSuites – a home-grown urban hospitality concept from the UAE targeting millennials as the country moves forward to realize the government’s Vision 2020,” Noorul Asif, Chief Operating Officer of Schon Properties, says.

“Dubai, which has 100,000 hotel rooms and hotel apartments, will need 40,000 new hotel rooms and hotel apartments within less than 46 months, as the clock is ticking for Expo 2020 – the largest exposition to take place in the history of the Middle East – that the city of Dubai will proudly host.

“In order to help align with the Dubai Government’s Vision 2020, Schon Properties has stepped up its efforts to support the government’s tourism vision that will prepare the city to host 20 million hotel guests per year by 2020 and support the 25 million visitor traffic to the Expo 2020 site.

“iSuites is our own development plan that further strengthens the Government of Dubai’s vision. We have gathered all our resources to realign our development game plan to ensure the timely delivery of the project that will be connected to the Expo 2020 site with the new metro line.

“So, visitors to Dubai could check into iSuites within ten minutes of arriving at the Al Maktoum International Airport, as the project is located just two stations from the world’s largest greenfield airport development project within Dubai South.”

iSuites – a lucrative investment product – will help contribute to the economic growth of the UAE and help realize the country’s vision 2020 and 2030. Schon Properties, which will retain a third of the 2,700 units in iSuites, will offer a limited number of units to the public to purchase and benefit from a higher return on investment.

iSuites envisages smart modern living of functional and futuristic facilities. The full-serviced hotel apartments are targeting millennials interested in urban lifestyle hotel stays, small families coming to Dubai on a short- term corporate assignment or a pure family vacation.

“Our study shows that an investor could get an average net income yield of 12 percent return on investment from our latest offering – iSuites – that will help investors make more money with less pain,” Noorul Asif says.

“The yield is backed by strong numbers of tourists coming in the proximity of the iSuites site which will lead to strong occupancy levels and high average daily rates (ADR’s). The movement of 160 million passengers through Al Maktoum International Airport, 25 million tourists to the EXPO 2020 site and 5 million annual tourists at Dubai Parks and Resorts – are the three mega demand drivers for iSuites. All these projects are what most of us in Dubai are banking on, and with our location next to them, we are very confident in the long-term prospect of the venture.

“Dubai’s hospitality market is segregated and spread throughout the city, but there are niche tourism hot spots which are expecting massive gains in the next 3 years. Jumeirah Village, Business Bay, and Dubai Marina and other master communities are not niche hot spots as they are far from the main attractions.  Dubai Investment Park, being located directly next to EXPO 2020 is a major niche tourism hot spot and will give high returns to investors.

“In all probability, the annual income yield could exceed 15 percent, in which case, the investor could get back the entire value of the investment in less than seven years. Our views on this are clear by retaining over one-third of the development going forward. On top of this, I expect 50 percent capital appreciation on the asset over the next three years, due to the site’s prospects.”

iSuites strategic location being next to the world’s largest airport – Al Maktoum International Airport – assures high occupancy rates and secure income for investors. The iSuites features over 52 restaurants and cafes boasting outdoor areas overlooking the Crystal Lagoon as part of a master-planned development. iSuites includes a 125,000 square foot retail promenade called the Laguna Centrale Mall. This includes urban themed cafes dedicated for entrepreneurs, kids play areas and nanny services available for all guests. Bank, retail, spas, supermarkets, pharmacies, healthcare facilities, and shopping are available at the Laguna Centrale Mall to give full service to all guests for the hotel development.

“iSuites is the commencement of Schon’s restructuring plan and change of development direction, fully focusing on hospitality ventures going forward.  The future of Dubai is hospitality, and with HH Sheikh Mohamed Bin Rashid’s vision for 20 million tourists, the city has a bright future with unparalleled infrastructure and the best tourist attractions in the world. We offer everything form ski slopes, to the dessert, to culture, to arts, to beaches, to year round sunshine, all with 100 percent security, hence, we believe tourism is the best investment in Dubai.”

The Department of Tourism and Commerce Marketing (DTCM), the emirate’s tourism industry regulator, said, Investment in Dubai’s hotel industry is expected to pick up in the next four years with additional 40,000 serviced hotel rooms and hotel apartments to be added to the existing inventory of 100,000 – to serve the anticipated 20 million hotel annual guests by 2020, in addition to the 25 million visiting the World Expo 2020.

Monday, October 10, 2016

HH Sheikh Mohammed Breaks Ground On Future Icon 'The Tower At Dubai Creek Harbour,' Which Will Be World’s Tallest In 2020

>Spectacular tower will define a new skyline and feature grand observation decks with unprecedented 360 degree views of the city and beyond

>The Tower will anchor Dubai Creek Harbour, one of the world’s largest developments and one which embraces the future with advanced digital lifestyle features 

His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, today marked the groundbreaking of The Tower at Dubai Creek Harbour, the brand-new icon that will be the world’s tallest tower when completed in 2020.

The groundbreaking was held in the presence of His Excellency Mohammad Al Gergawi, Chairman of Dubai Holding, Mr Mohamed Alabbar, Chairman of Emaar Properties, and other dignitaries. Providing stunning 360 degree views of the city and beyond, The Tower strengthens the UAE’s reputation for innovation and excellence in architecture, engineering and construction and will eclipse even Burj Khalifa as the tallest building in the world.

Re-defining the nation’s already spectacular skyline and setting a new global referral point, The Tower anchors the 6 sq km Dubai Creek Harbour mega-development, located just 10 minutes from the Dubai International Airport, and will serve as a magnet for tourists and visitors from around the world.

One of the world’s largest master-planned developments, Dubai Creek Harbour integrates the latest design, engineering and sustainability features. A next-generation smart hub, it will also incorporate an advanced digital lifestyle defined by the latest developments in artificial intelligence.

The waterfront development, a joint venture between Emaar Properties and Dubai Holding, is located just off the Dubai Creek, the birthplace of Dubai’s history and culture, and in close proximity to the Ras Al Khor National Wildlife Sanctuary, protected under the UNESCO Ramsar Convention. The Tower is designed by Spanish/Swiss architect and engineer Santiago Calatrava Valls.

HE Mohammad Al Gergawi said: “The groundbreaking of The Tower is another historic moment for the UAE, as we mark the construction of another icon that will add to the UAE’s civic pride. At the heart of Dubai Creek Harbour, the super-tall structure will create lasting value and serve as one of the must-visit tourist destinations in the city. It celebrates the long-term vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, underlined by the recently announced ‘UAE Strategy for the Future’ to drive the transformational growth of the nation. Our focus is on identifying the needs of the future, and implement sustainable plans that are impactful and make a difference. Dubai Creek Harbour is our investment in our future, and as a centerpoint of this mega-development, The Tower will enhance the reputation of our city and help boost the growth of the economy.”

Mr Mohamed Alabbar, Chairman of Emaar Properties, said: “We are thankful to His Highness Sheikh Mohammed bin Rashid Al Maktoum for his generous guidance and support in developing another global icon for Dubai. The Tower is inspired by his vision and his firm belief that in the race for excellence there is no finish-line. From Burj Al Arab, Emirates Towers, Burj Khalifa and now The Tower, Dubai has been the centre of innovation for supertall structures and breakthrough developments in design, architecture and engineering. We are pushing our boundaries in every aspect of this new master-planned development, one of the largest in the world, which underlines the spirit of positivity and hope that our nation celebrates. It will be a sterling addition to the smart city that HH Sheikh Mohammed envisages, with futuristic digital features that meet the aspirations of the next generation. We will continue to push the frontiers of engineering and construction to complete the project in time for Expo 2020 Dubai.”

The Tower at Dubai Creek Harbour supports the goals of Dubai Plan 2021 to establish the city as a global business and leisure hub, and will add real economic value by driving the growth of the core sectors of tourism, hospitality, aviation and retail among others.

Mr Santiago Calatrava Valls said: “The design and architectural features of The Tower demand unique engineering approaches that are currently being implemented on site. Extensive studies were undertaken in preparation for the ground-breaking, and the learning that we have gained from the experience will add to the knowledge base of mankind.”

With no similar super-tall structures in the world, Emaar has undertaken a completely new approach to wind-engineering and seismic tests, which have already been completed. Every aspect of The Tower is designed to the highest international standards of safety – from the choice of materials to the technology being deployed in its construction.

The crowning glory of The Tower at Dubai Creek Harbour will be The Pinnacle Room, opening to spectacular views of the city, as well as several VIP Observation Garden Decks. The Tower will have dynamic illumination and movement lighting, which will make it a stunning visual landmark during the day and night. In addition, several ‘green corridors’ will offer pedestrian access and effortless connectivity with Dubai Creek Harbour.

Emaar has unveiled high-end residences in Dubai Creek Harbour, including Dubai Creek Residences, Creekside 18, Harbour Views and Creek Horizon in The Island District. With uninterrupted views of The Tower, the homes open to premium vistas of the Dubai Creek, a stylish marina with a yacht club, the adjacent Ras Al Khor bird sanctuary and the skyline of Downtown Dubai. The 4.5km-long Creek Boardwalk envelopes the Island District, assuring residents high-end retail and leisure choices. Among the nearby amenities are event spaces, galleries, parks, fascinating water features and a trendy Vida hotel that will all add up to an unsurpassed quality of life.

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."

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