Real Estate

Work in progress on a ride.

Work in progress on a ride.

News in brief

June 2015

Dubai Parks rides 40pc complete

More than 40 per cent of the ride engineering and manufacturing works have been completed and ride components are beginning to arrive at Dubai Parks and Resorts, which is set to be the region’s largest multi-themed leisure and entertainment destination.

Commenting on the progress of the development, Raed Al Nuaimi, CEO of Dubai Parks and Resorts, says: “We are very pleased with our progress so far, with over 40 per cent of the project’s ride engineering and manufacturing completed at the end of the first quarter and ride components beginning to arrive.

“We look forward to offering our visitors an exciting variety of more than 100 unforgettable attractions and experiences. As the largest entertainment destination in the region, Dubai Parks and Resorts will support the UAE’s tourism vision and serve as a key step towards reaching the country’s visitor targets.”

The destination will comprise three theme parks – motiongate Dubai, Bollywood Parks Dubai and Legoland Dubai, together with Legoland Water Park. It will also include Riverland Dubai, a 220,000-sq-ft centrally located retail, dining and entertainment district, along with the Lapita Hotel, a Polynesian-themed family resort which will be managed by the Marriott Group.

The best-in-class global ride manufacturers have been busy over the last 12 months to develop rollercoaster tracks, immersion tunnels, drop towers, flying theatres, round rides and other media based attractions. Overall attraction construction management is being led by Hill International, one of the world’s leading construction firms. The resort’s attractions are being manufactured by leaders such as Mack Rides, Gerstlauer Amusement Rides, Dynamic Attractions, Zierer Rides, ETF Ride Systems, Triotech, WhiteWater Attractions, and others.


Mina Al Arab ... waterfront homes.

Mina Al Arab ... waterfront homes.

Majestic Jetties grabs marine deal

RAK Properties has awarded a contract to Majestic Jetties and Marinas for the construction of Phase One of its lifestyle marina at Mina Al Arab a mixed-use development along the coastline of Ras Al Khaimah, UAE.

The marina, located in the centre of the Lagoon Walk, will provide long-term berthing for recreational vessels up to 25 m in length. When complete in Q4 2015, the marina will further boost the appeal of Mina Al Arab, which is regarded as one of the most prominent projects in the Northern Emirates.

Mohammed Sultan Al Qadi, managing director and CEO of RAK Properties, says: “We are pleased to award this contract to Majestic Jetties and Marinas, which has an excellent track record of constructing marinas across the UAE. A world-class waterfront development such as Mina Al Arab, which has lifestyle living at its core, would undoubtedly require top-notch berthing facilities for recreational vessels, and we are glad that the construction of the new marina will commence soon.”

The marina is expected to significantly drive visitor footfall to the Lagoon Walk with growing interest from retail and food and beverage (F&B) outlets.


Cayan Cantara, Phase Two.

Cayan Cantara, Phase Two.

Cayan Cantara Phase Two flagged off

Cayan Group has launched the second phase of its most recent project – Cayan Cantara in Dubai, UAE – following the tremendous response to Phase One, which was sold in less than two weeks of launch.

The second phase involves the sales of a limited number of units of Cayan Cantara residences and is being offered to the public with special prices.

Cayan Cantara comprises luxurious residence and hotel apartments featuring a unique design and facilities. This iconic development was launched in collaboration with UAE-based financial investment company Shuaa Capital.

Ahmed Alhatti, president and chairman of Cayan Group, says a total of 100 units were sold during the first week of the launch itself, emphasising how iconic and distinctive the Cayan Cantara project is.

Cayan Cantara has been designed by one of the world’s most renowned architects and boasts several facilities and services including retail shops, restaurants, luxurious world-renowned spa, a hanging glass-walled swimming pool, a fitness centre, the highest outdoor screen and a conference hall, among many others. All were constructed within an exceptional, environment-friendly residential area.

Founded in 2004, Cayan Group has a long track record of developing a range of well-known real estate projects across the region, notably the Cayan Tower located in the Dubai Marina, Silverene Towers, The Jewels and Dorrabay all located in the UAE, as well as Layaly Compound and Samaya in Saudi Arabia and Broumana Lands in Lebanon. The group’s prestigious Cayan Tower was officially declared by the Guinness World Records as the globe’s tallest twisted tower standing at 307 m high. Cayan Group maintains offices in Riyadh (Saudi Arabia) and Dubai (UAE).


Arabella Townhousess ... huge demand.

Arabella Townhousess ... huge demand.

Townhouses sold out in a jiffy

Dubai Properties says its Arabella Townhouses were sold out in a day after they were launched last month (May). Sales were conducted on a first-come first-serve basis at its sales and customer care centre in Ras Al Khor, with scores of people queuing up in anticipation of the launch.

However, to cater to the strong investor interest, Dubai Properties has announced the release of additional units for sale.

Arabella Townhouses feature modern, contemporary design elements with spacious interiors, a light colour scheme that complements reflective glass facades, and vast green open spaces. Set amidst a tranquil location close to the 41-acre family-oriented Mudon Central Park, the new neighbourhood townhouses boast lush open spaces and landscaped greenery.

Arabella Townhouses come in a choice of semi-detached three- and four-bedroom units ranging from 1,984 to 2,603 sq ft, setting them apart from other similar projects in Dubai.

“The success of the sales event of Arabella Townhouses demonstrates the commitment of Dubai Properties to deliver dream homes in holistic communities for residents to enjoy an unparalleled lifestyle throughout the year,” says the spokesman.

“The special payment plan with attractive, easy instalments has made it more affordable for people looking for own-to-live properties and making it a quick sell-out,” says a spokesman for DP.

Dubai Properties is a leading Dubai-based real estate developer providing a diverse portfolio of residential, commercial, retail and hospitality projects designed to present many investment opportunities. It boasts several landmark and luxury developments, including Dubai Wharf, which offers vibrant living by the Dubai Creek; Manazel Al Khor, designed to reflect luxurious living; and Anantara Hotel, a world-class hotel and entertainment venue.


Falconcity ... Western Residence North ready.

Falconcity ... Western Residence North ready.

Falconcity handing over keys

Falconcity of Wonders has already begun the hand-over of exclusive residential villas within the Western Residence North community, which forms part of its multipurpose mega project being developed in Dubai, UAE.

The villas, situated in the ‘wings’ of the Falcon, will be home to varied nationalities from over 25 countries. Spread over a total area of 1.3 million sq ft, the villas are built in four distinctive styles that offer a unique combination of contemporary design, luxury and comfort. The residents of Western Residence North have an opportunity to live next to the stunning Pyramids Park in Falconcity of Wonders.

Villa styles include Aegean, Andalusia, Santa Fe and New World. The Agean villas reflect the Greek styles architecture, while the Andalusia is inspired from Spanish designs. In addition, Santa Fe provides a Mexican feel whereas New World provides the warmth of North American townhouses. The prices for the villas range between Dh3 to 7 million ($0.8 to 1.9 million).

Complementing the villas is a lush green landscape that offers residents the choice of tranquil living within a green environment. The integrated community is also equipped with additional facilities such as shopping malls, hotels, restaurants, health clubs, spas, schools and parks. Falconcity of Wonders, shaped to represent the falcon, emblematic of the UAE heritage, features structures based on famous sites and architectural marvels of the world, such as the Pyramids, the Hanging Gardens of Babylon, the Eiffel Tower, the Taj Mahal and the Leaning Tower of Pisa.


Safi Two apartments ... launched.

Safi Two apartments ... launched.

Safi Two follows One on demand

Nshama has launched Safi Two Apartments, following strong demand from end-use homeowners after the launch of Safi, one of the first apartment complexes in its flagship Town Square in Dubai, UAE.

Centrally located in Town Square, Safi Two aims to deliver on the promise of ‘live life at your price’. The project is set near vibrant green trails and has amenities including four state-of-the-art fitness centres, and swimming pools.

The residences are carefully designed to enhance natural light. Apart from district cooling for effortless utility services, all homes come with high-speed data connectivity.

Parking is available in a centrally located podium while an open courtyard serves as a community hub hosting social events.

Safi Two offers studios, one-, two- and three-bedroom apartments at price points starting at Dh349,988 ($95,286) for a studio.

A smartly designed, stylish, green neighbourhood, Town Square is the flagship project of Nshama, a private developer of integrated lifestyle communities. Set over a vibrant 750 acres, the first-of-its-kind project in Dubai is anchored by a central square that is the size of 16 football fields.

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