Is Real Estate Market really going down?

With the global economic crisis hitting Dubai's real estate market and other businesses, it has been reported that real estate business is going down specifically the off-plan properties. No premium properties or distress properties are common now in the market.

I am neither a real estate agent nor a broker but as what I have heard from agents and read from newspapers, I think that this is true. One of the popular Dubai-based estate developer as they say is laying off around 200 of its workers. The other property firm had reduced the level of its shareholding allocated for foreign investment from 20 percent to 15 percent to protect itself.

It has also been reported just in case you don't know that there are banks who are now reluctant to lend against a property that has yet to be built. And even car loans as what my colleague told me is now on hold, I don't know if this is true.

I have made a poll to see whether it is true that real estate market is really going down. You can cast your vote on the upper right portion of my blog if you think you still want to buy property in Dubai and you can give your comment why did you choose your answer.

No Premium Properties

No premium properties as what I know are properties that are on the resale market that doesn't have profit. It means that property owners are selling just to get money their money back which they have spent on that particular property.

So what is the reason why property owners are selling their units without premium? I think maybe because of the global economic crisis that people need cash or they are afraid that property prices will go down.

Real Estate Agents: Dubai Real Estate Boom Is Ending

A six-year real estate boom in Dubai that spurred a $475 billion building frenzy has ended, according to agents who say sales are collapsing amid fears that the global economic downturn will hit the sheikdom.

“Last month was a real disaster and worse is coming I guess,” Mehdi Zoghbi, an agent at Middle East Real Estate Consultants, said on Sunday.

Zoghbi says that desperate sellers are now offering off-plan properties on the secondary market for a zero premium, effectively accepting a loss on their investment in order to offload quickly. Dubai, the first Gulf sheikdom to allow foreigners rights to buy homes, may also be the first to see a crash in property prices.

“Our commissions have fallen by up to 70% recently,” said Khaled Daji, an agent at Al Jabal Real Estate. “The most hit are the projects under development and those luxurious high end. We plan to survive for another six months to see how this crisis unfolds.”

But the city’s biggest developers like Emaar Properties PJSC and Nakheel are adamant that sales remain robust. Mohammed Alabbar, Emaar’s chairman and one of the architects of Dubai’s real estate boom, said in the company’s third-quarter statement that “we are very confident of our company’s fundamentals and future growth.”

That hasn’t stopped investors dropping the company’s shares. Emaar’s stock has fallen 62% since the beginning of the year, that’s more than the 48% fall in the Dubai Financial Market’s main index over the same period, according to Zawya.com data. Earlier this month, Colliers International said the growth of property prices in Dubai slowed to 16% in the second quarter of 2008 from 42% in the first quarter. Morgan Stanley warned in August that property hotspot Dubai could see a 10% fall in prices by 2010.

A collapse in real estate prices will add to pressure on Dubai’s economy, ♂which doesn’t benefit from the vast oil income enjoyed by neighboring Abu Dhabi. Property and construction╚ are estimated to account for about 30% of the emirate’s economy.

Meanwhile, the nerve - and wallets - of Dubai’s shoppers will be tested this week when, against a tide of global economic woe, the region’s largest shopping mall opens. Covering an area of more than 50 soccer fields, Dubai Mall will have more than 1,200 shops; one of the world’s largest indoor gaming arcades; an Olympic-size ice rink; the world’s largest indoor Gold Souk; and one of the world’s biggest aquariums, which will be home to more than 33,000 types of sea life, including over 400 sharks.

Source: RealtyTribune

Platinum towers price reduced

I've been getting enquiries for the full floor Platinum towers for sale that I have posted last time.

Just want to inform you all that the price now has been reduced to AED 3000/sq.ft.

Bussiness Bay full floor property for sale

For sale full floor in Platinum Towers Business Bay, all inclusive AED 62,692,182.00 with a size of 18,352 sq.ft.

Platinum Towers are located in the heart of Dubai's Business Bay, and comprised of two 29-storey, adjacent towers. Each tower is comprised of 3 basements and one ground floor, with a number of state-of-the-art amenities that include gymnasium hall, health club, shopping facilities and 984 parking spaces.

Amenities / Facilities

* High end Retail Stores
* Highly efficient Circulation areas
* Lobby
* Bank
* Service rooms
* 8 high speed elevators
* Ample Parking catering for maximum capacity
* Health Club
* Day Care Centre
* Fully equipped & fully fledged Business Centre
* Food & Beverages Facilities with back service corridors

The round design of Platinum Towers office floors allows perfect views to a number of Dubai Landmarks such as Burj Dubai & Sheikh Zayed Road. In addition to a view over the lake and the green vibrant area on top of the podium.

Should you need further details of this property, email me at info@allan-duncan.com

Studio apartment for sale in Dubailand

For sale Lincoln Park studio apartment, 475 sq ft, second floor westside development, with car space, selling price 700,000 AED.


Lincoln Park is a brilliant low-rise architectures with the great blue sky as backdrop, best describes Lincoln Park. Offering true value for money, Lincoln Park is a mixed-use development of 7 buildings with dedicated commercial and residential buildings. Inspired by Chicago style architecture, the buildings have a well articulated and ornamented front entrance, flat roofs with parapet walls and beautifully designed roof terraces.

Lincoln Park has retail and restaurants on the ground level and also offers underground car parking space for every office, apartment and retail store. Nurture both your vocation and daily life by experiencing the urban views! Lincoln Park is a perfect place to work and live at the heart of Dubai.

Lincoln Park Dubailand Dubai- Completion 2010

Name: Lincoln Park
Status: Under construction
Type: Mixed use
Location: Dubailand

Pier 24 / Radisson SAS Venti Quattro

Pier 24 or Radisson SAS Ventiquattro was successfully launched last night.

Venti Quattro is a bold 20-storey tower with prominent façades of finished stone and tinted glass, housing 152 designer apartments available as studios, or with one or two bedrooms.

The first 15 floors are operated by Radisson SAS for the benefit of investors, while the top 5 floors are available for homeowners. Every apartment is fully furnished, from the well-equipped kitchenette to the wall-mounted television. Balconies provide a private outdoor area to relax and unwind. Some apartments have balconies with stunning views of the azure waters of the Marina and the swimming pool, while others show the impressive city skyline.

Abyaar’s passionate pursuit of excellence and commitment to first-class boutique residences is demonstrated in the quality of Venti Quattro. The interior was designed by famous Italian interior designer Matteo Nunziati with minimalist style and five-star elegance in mind. Abyaar is also the developer of the luxurious tower and villas in Acacia Avenues.

The distinct tone set by the stylish contemporary interior is carried throughout the building. Each of the various styles of apartment has been individually designed and flawlessly executed, through an overall impression created from meticulous attention to every detail, with custom-made Italian furniture and high-quality materials from the finest suppliers.

Lobby

• The lobby features polished marble floors and a use of light and space that creates a unique environment of understated luxury.
• The impressive height of the main lobby is continued along the corridors that lead to the elevators.
• The lobby includes a library as a welcome feature.

Master Bedroom:

• Floor Gres Italian tiling lays in muted shades.
• Fontana Arte lighting.
• Stone-tiled walls are highlighted by the integral ceiling lights.
• The use of gentle beige tones emphasise the colour of the bespoke furnishings of Poliform and Salvarani.

Kitchen:

• The kitchen is well-equipped and everything is within easy reach.
• Each kitchen features Philips and Siemens appliances.
• The kitchen has a breakfast bar, which you can also be used as a convenient serving area.

Bathroom:

• The choice of colours and fittings are both practical and elegant, with fixtures by Rapsel Italy.

Venti Quattro is adjacent to Marina Mall, ideally situated to provide the quick essentials for everyday life and a selection of outlets for more luxurious shopping. Cosmopolitan restaurants line the boardwalk, offering a variety of cuisines from Thai to Mediterranean. The stroll home along the waterfront promenade in the fresh sea breeze is the perfect way to end the evening.

Venti Quattro also has direct access to Sheikh Zayed Road and is just a short trip from both Mall of the Emirates and Ibn Battuta Mall, with even more world-class shopping, entertainment and dining options. For those who enjoy life on the water, the Dubai Marina Motor Yacht will feature a yacht broker’s office, ships’ chandlery and a boating school.

For more information and booking, visit Radisson SAS Ventiquattro

Park Square Residence

Yesterday, I was given re-sale properties to be uploaded on our website but when I received the papers I found out that Park Square Residence has not been added yet so I have to gather information about this project before I can upload this properties.

Today, it has been an hour now and I can't find any real estate websites that has information or images of the project. Good thing that someone send me an email with the external and internal prospective images as well as the floor plans.

So let me share it here with you.

Front Perspective

Inside Perspective

All I know at the moment, Park Square Residence is a G+4 building which is located in Jumeirah Village South. Expected to be completed on August 2009 and finance by Emirates Islamic Bank.

Verde Towers

VERDE Residences and Offices are designed to maximize the use of the natural forces of wind, use natural light and geothermal mass, recyclable construction material along with optimum use of energy-efficient systems and technologies.


The name VERDE has its roots in Spanish, which means green.

The project comprises of two towers - residential and commercial. The 33- level curtain-glazed VERDE Office tower is designed in trapezoidal shape. With a total built-up area of 820,000 square feet, the Office tower will comprise of podium offices and unique sky garden. The 48-storey glass Verde residential tower will be shaped like a boat and will have a total built-up area of 13,000m2. It will include two and three bedroom units, three and four bedroom penthouses and four bedroom duplex townhouses.

VERDE towers will have a district cooling system using wind turbines, photovoltaic solar hot water, energy efficient lighting equipment and grey water system.

Expected completion date: 2011
Location: Dubai Maritime City

Real estate set up in Dubai

Dubai real estate is a major investment arena for investors worldwide. The investment pours in not only from commercial companies but also from individuals abroad. In the last five years, the real estate sector has seen a marked boost in investments. This in turn has increased the supply of real estate in Dubai. In fact, both the processes are influenced by and in turn affect each other. In the coming years, this trend is expected to bring about an increased demand for purchasing residential and commercial units. One of the major consequences of this would be soaring property prices. Although many analysts expect that the supply would exceed demand in near future, this is believed to be an impending possibility only for the high income group.

The process of buying Dubai property is simple and hassle free. Real estate in Dubai requires no national registration. Usually, one has to pay some amount as booking or reservation deposit. Then, there is a deferred payment schedule wherein the remaining payment is divided into installments spread over the construction period. Units are financed to non-UAE residents only on certain ventures. The interest rates of properties range between 6 to 9 percent and the term usually lasts for 15 years. Upon non-UAE transactions, one can even obtain freehold rights.

There are factors that make investing in Dubai realty a profitable exercise. The capital gains tax and rental income tax are 0 percent. Secondly, the demand-supply ratio is carefully monitored and controlled by the government so that the properties account for strong growth rate and returns.

Furthermore, although legal advice is required to purchase real estate units in Dubai, there is no fee to be paid for the same. There is no tax levied on the properties. But there is a land registration tax which is paid to the government on completion of the project involved. This amounts to 1.5 to 2 percent of the price. However, if the contract is resold before completion, a transfer fee ranging between 1 to 7 percent is paid to the developer. To add to the benefits of purchasing Dubai real estate, the government provides resident visas on non-UAE investments.

Even the mortgage market has developed quite fast over the last few years. The emergence of HSBC as an international mortgage provider for property in Dubai has changed the scenario for ever after. The mortgage rates offered by the bank on are highly competitive and flexible.

In 2002, His Highness Sheikh Mohammed bin Rashid Al Maktoum, with a vision to transform Dubai into a global city, had decided to encourage international investors towards purchasing more properties. This dream will certainly materialize in the years to come.

Dubai Maritime City

Dubai Maritime City is the world's first purpose-built maritime centre, designed specifically to serve and enhance the maritime industry. It is integrated mix-used development encompassing commercial, industrial, academic, residential and lifestyle components. Spread across 227 hectares the multidimensional centre is a man-made peninsula that will bring unprecedented to the local and global maritime community. Dubai Maritime is located on a man-made peninsula between Port Rashid and Dubai Dry Docks, and surrounded by the waters of Arabian Gulf.

Designed to encourage a community lifestyle, the superb infrastructure, landscaping and overall environment of Dubai Maritime City will create a relax yet modern setting that will leave a lasting impression on the people who live and work here. It promises to be multi-use environment that balances the working and the living conditions of the community with its many facilities for office, residential, retail, recreational and leisure purpose. Dubai Maritime City has its own jurisdiction and will operate as its own municipality. Added to this, the world class services and its pro business stance make this the destination of choice and a centre of excellence for global maritime businesses from all over the world.

Dubai Maritime City shall be, without a doubt, the first choice of maritime businesses not just because of the facilities provided. Its strategic location, its unique environment for the integration of marine players around the world, the famed lifestyle and infrastructure of Dubai and its world-renowned financial clout will be just some of the factors influencing smart investors and entrepreneurs of the world.

Click to enlarge

Dubai Maritime City will have six area; The Marina District, The Marina Centre, Academic Quarter, Harbour Residences, Harbour Offices and the Industrial Precinct.

Al Mahra Masterplan

When one is buying a property it is always important to know where the property is located. Today, one of our real estate agent asked me of Al Mahra masterplan in Arabian Ranches. So I'm sharing it with you and here it is.

Click on the image to enlarge

The above will give you the unit no. of each villa of Al Mahra in Arabian Ranches.

Dubai Lagoon

The contemporary styled Dubai Lagoon is a unique residential apartment community planned around a stunning sapphire lagoon set in the heart of New Dubai. This development ranks as the premier apartment residence. Dubai Lagoon comprises 4,166 units of Studio, 1 Bedrooms, 2 Bedrooms, 3 Bedrooms and 4 Bedrooms.

The man-made lagoon creates a permanent romantic setting in a community that has fast become a homeowner’s dream. With the apartments and walkways surrounding the bank, the lagoon’s constant filtration system ensures the water remains fresh, sapphire blue, and doesn’t stagnate.

Situated between two main highways, the Dubai Lagoon community is minutes away from the new airport, and just under 12 kilometers from the exquisite Burj Al Arab. Perfectly located, Dubai Lagoon is a short drive from 3 local golf courses, designed by Greg Norman & Vijay Singh, and is in close proximity to the Dubai Investment Park, the Courtyard Marriott Hotel, Al-Nibras School, the Green Community, the new Business Park, and international shopping centres including Ibn Battuta and the new Mall of the Emirates with the amazing Ski Dubai. Surrounded by schools, shopping markets, cafes and restaurants, life at Dubai Lagoon is one of luxury and convenience.

Dubai Lagoon promises tranquility, security andaccessibility. A place where community living is enhanced by expansive water views tastefully decorated by invigorating pedestrian walkways and stylishly landscaped gardens. While admiring the glistening waters from a quaint side café or enjoying a meal at one of the vibrant restaurants that hug the sapphire shore, one soon realizes that this is the perfect place to live.

Expected Completion Date - Late 2008
Location - Dubai Investment Park, Dubai, United Arab Emirates

Marina Residences

Marina Residences in Palm Jumeirah offers a selection of two and three bedroom apartments with stunning views that are available in a choice of styles. All rooms demonstrate exceptional attention to detail, from balconies off of the living room overlooking the sea to spacious dining rooms for entertaining. Additionally, the comfortable interiors are complemented by distinctive accent lighting, timber-floored master bedrooms, generous walk-in closets and beautifully appointed bathrooms.

Finishes

Finishes, available in classic or contemporary styles, accentuate the craftsmanship and thoughtfulness that goes into each and every Marina Residences apartment. From full body porcelain tiles to stainless-steel appliances, stone vanity tops and full height wall tiles, Marina Residences offers the choice and high standards one would expect from a home on The Palm.

Befitting the name, Marina Residences on The Palm Jumeirah offers its residents world class marina experiences. Anchor Marina provides berths for over 700 vessels just steps away from the apartments, with some fronting resident properties.

Along with convenient berths, residents will also enjoy access to the marina’s clubhouse and other fine marina leisure facilities promoting the ultimate waterfront lifestyle experience.

Jumeirah Village South

The Jumeirah Village South Development embodies sleek, sharp and futuristic architecture in practical landscaped surroundings incorporated into the buzzing and complete community lifestyles that is Jumeirah Village South. It encapsulates a unique combination of designer chic and the warmth of community living in the City of Dreams.

Dynamic living is a prominent feature of these developments and the eventual residents will enjoy a unique blend of relaxation, excitement and convenience through the many amenities on offer, whether it be food courts, international schools, hypermarkets, branded boutiques, health clubs or access to water sports among others.

Jumeirah Village South is a community designed to embody a vision of peace, harmony, health, and happiness. The radial layout allows neighborhoods and open spaces to occur in a vibrant, more natural and buzzing manner and embraces the symmetrical component of Islamic art. The mixed use is private and tranquil yet well connected residency is set amongst a traditional Arabian and Western architectural.

This design celebrates the importance of lush vegetation and water amongst the arid desert landscape, creating a stimulating community. Many of the public amenities found in Jumeirah Village South include parks, sports fields, international schools, mosques, and more. These are strategically clustered in the green spaces to create accessible gathering places, reminiscent of the important historic oasis.

Jumeirah Village is located in an incredible and enviable location on the edge of the cities business hub, and within touching distance of the three main transportation routes. These include; Sheikh Zayad Road, Emirates Road and Al Khail Road, which consequently, benefits from the express underground metro system which links up to the vibrant, unique and European style tram network, encircling the Village streets. Jumeirah Village is ideally and strategically placed next to the largest international airport in the world, radically increasing commerce prospects.

Features

• State-of-the-art Health Club with Gym
• Outdoor Swimming Pool, Children's Wading Pool and Jacuzzi
• Communal Barbecue and Outdoor Pool Amenities
• Spacious Marble – tiled Lobby and Reception area
• Card Controlled Property Access and door entry system
• 24-hour Mobile Security and Maintenance Service
• Fire Fighting System and Emergency Generators
• Covered Parking for Tenants and Visitors

Some of the projects in Jumeirah Village South are:

Prodigy
Imperial Residence by Tameer
Al Dua'a Gardens by Al Dua'a Hodlings
Garden Heights by Dheerah & East Coast or DEC
HQ also by DEC
Emirates Gardens by DAMAC

Jumeirah Heights

Jumeirah Heights is a self-contained community where spacious urban design enhances the tranquil surrounding lakes and the outdoor spaces flow to create secure neighbourhoods. The low to mid-rise buildings are placed well apart so every homeowner can enjoy beautiful views of the nearby water or parklands.

Every apartment building is in convenient walking distance to leisure facilities, shopping and parking. Security cameras are located at the entrances to ensure a safe environment for residents.

Jumeirah Heights is made up of mid-rise buildings lofts, duplexes, apartments and townhouses. The development links up with the low-level skyline of Jumeirah Islands, stretching out towards the shoreline of New Dubai.

Jumeirah Heights is the perfect place for families who love to keep healthy and active. The Village Centre and each Frond and Cluster have conveniently located activity areas throughout the landscaped gardens to give homes easy access to a vast variety of outdoor activities.

Children and grown-ups alike will enjoy the play areas, multi-purpose courts, jogging circuits and cycle trails. The three areas each have dedicated pools and parks for much-needed recreation and relaxation. While each building has a private gymnasium, the community offers a state-of-the-art health club managed and operated by an industry leading third party.

There are three distinct areas in Jumeirah Heighst - The Village Center, Frond and Clusters.

Village Centre: Completion Date - 2010

The Village Centre offers residents ready access to its scenic promenades where cafés and restaurants spill out onto the walkways. The centre of the Jumeirah Heights it accommodates the supermarket, bank, pharmacy and many more convenient stores. This community hub also offers residents a private gym, swimming pool and play area for the kids.

• The Village Center has 2 stepped buildings of 16/20 stories (residential) along with common B+GF of retail area.
• Each unit has either a water or amenity view
• The units are placed above a retail area which consists of Supermarket, restaurants, utility shops, water view promenade, clinic, etc.
• Each building consists of
- Semi basement parking and visitors parking in grade level.
- Retail area in the ground level.
- Residential units from 1st to 16/20 floors.

• Amenities provided include
- Adult & Children Pool along with change rooms, toilets, lockers.
- Children Dry play area, BBQ Area, Gymnasium.

• The finishes in the village center are classic contemporary.

Fronds: Completion Date - 2010

The Fronds offer spectacular views. Set within impressive lakes, behind the Village Centre and The Clusters these units feature spacious apartments and beautiful three-bedroom townhouses.

• Fronds has stepped buildings of 23 stories (residential).
• Each unit has either water or amenity view, balconies and density is high - medium.
• These units are placed in a stepped fashion allowing extended big terraces at every step as a feature.
• Additional feature is central spine units 2BR & 4BR (from 23rd level onwards) with a very good view.
• Each building consists of
- Semi basement parking and visitors parking in grade level.
- Residential units from GF to 23 floors.

• Amenities provided include
- Adult & Children Pool along with change rooms, toilets, lockers.
- Children Dry play area, BBQ Area, Gymnasium.

• The finishes in the fronds are classic contemporary

Townhouses:

• There are in total 34 townhouses in the Fronds, 17 in each frond
• G + 2 floors
• 3 bedroom houses
• Modern contemporary finishes

Clusters: Completion Date - 2009

The Clusters feature generously spaced low-rise buildings, affording extravagant waterfront views. Positioned on either side of the Village Centre, and in front of The Fronds, each complex includes a unique mix of lofts and duplexes.

• The Cluster development is proposed as a unique feature within Jumeirah Heights with introduction of Lofts & Duplex
• Each unit either has water or amenity view
• There are 2 Clusters (East & West).
• Each Cluster has 3 buildings of B+G+5 stories.
• Each building consists of
- Semi basement parking and visitors parking in grade level.
- 2BR & 3BR Lofts in G+1F with private garden.
- 3BR Loft Apartments in 2F+3F & 4F+5F.

• Amenities provided in each Cluster include:
- Multi purpose Court, Adult & Children Pool,
- Children Wet & Dry play area,
- Park & walkway around clusters.

• The finishes in the clusters are Modern Contemporary.

Dubailand

Dubailand is I think the biggest development ever develop here in Dubai. Covering 3 billion square feet, Dubailand is said to be the most ambitious tourism, leisure and entertainment destination ever created, and home to some of the world's premier and unique attractions Dubailand has been designed to appeal to the widest tourist segments across genders, age groups, world regions and activity preferences.

Click on the image to enlarge

Dubailand is ideally located on the Emirates Road, providing easy access. It is just 10 minutes from Dubai International Airport, 10 minutes from Dubai World Trade Centre, 20 minutes from Sharjah and 60 minutes from Abu Dhabi. Dubailand has been planned and designed using leading-edge expertise.

A unique and multi-faceted development of pure family entertainment and eductation, with universal appeal, Dubailand will incorporate a critical mass of attractions, an endless mix of day and night activities and a variety of themed accommodations to encourage longer visits and overnight stays.

Dubailand will be made up of 5 different worlds each offering a fantastic range of activities and experiences to visitors.

Dubai Sports City, City of Arabia, Falcon City of Wonders, Bawadi, Aqua Dunya and The Villa are just some of the sub-developments under Dubailand.

Dubailand is expected to be completed on 2015.

Palm Jebel Ali

The second island in The Palm island trilogy, The Palm, Jebel Ali is located in Dubai Waterfront. It was created with a vision of becoming an unparalleled getaway for residents and visitors alike, with an array of luxury hotels, water homes built on stilts that spell a poem written by His Highness Sheikh Mohammed bin Rashid al Maktoum the ruler of Dubai, beachside villas, shoreline apartments, dive sites and a variety of entertainment and leisure activities. The Palm Jebel Ali offers a stunning shoreline entrance of world class golf courses and luxury desert resort to a graceful bridge connecting the mainland to the island.


The Trunk


Measuring 2.4 kms in length and 450 meters in width, the Trunk of the island will feature a strip of eight luxury hotels, three marinas and sea village at it's very center. The shoreline area of the Trunk will also boast cinemas, an amphitheatre, event plazas and more.

The Crown / Fronds


The 17 Fronds of this Palm shaped island referred to as the crown, where 16 fronds will feature a series of homes in various style, each of which offer stunning views of the spectacular landscape. The fronds comprises Townhouses, Signature Villas and Garden Homes.

The Crescent


At 15.5 kms in lenght, the crescent forms the breakwater on the outer side and is home to several marinas and shoreline apartments on the inner side. Further more, several plots on the crescent have been reserved for private investors and developers to design, shape and mold adding their concepts and ideas to the existing grandeur of The Palm, Jebel Ali.

Water Homes


Located between the crown and the crescent of The Palm, Jebel Ali, the Water Homes are a series of elevated homes linked together by broad walks from a 12 km chain. Positioned strategically they form a verse of Arabic poetry composed by H.H Sheikh Mohamed bin Rashik Al Maktoum, which when read from above reads:


“Take the wisdom of the wise,
It takes a man of vision to write on water,
Not everyone who rides a horse is a jockey
Great men rises to great challenges"

The 1,060 water homes boast luxurious and amenities inside and feature private moorings for personal boats.

source: www.palmjabelali.com

Raising the roof

The real estate boom that has fuelled the prodigious growth of Dubai and fast-tracked many to a better life in the sun has been hit by a series of steep hikes in the cost of core building materials. Add to that continuing housing supply shortages and all of a sudden (if HC Securities Brokerage is to be believed) you have a city whose property market is rapidly approaching the price levels of London’s West End.


With its large-scale real estate projects, Dubai has become more than just a playground for discerning holidaymakers and professional expats. But with increasing costs and supply fears, developers are fearing huge financial implications for the construction industry which, according to Abdulrahman Al Tassan, CEO of Rakaa Property, may lead to a crunch that could add to inflationary pressures, create an economic slowdown and cause a subsequent investment collapse.

But cynics predicting the imminent demise of the emirate’s property boom have so far been wide of the mark, says Blair Hagkull, managing director of Jones Lang LaSalle MENA, who is confident fresh supply will come to the market this year. But, he says, problems persist in the short term.
As demand outpaces supply, Hagkull says the region will be faced with a ‘flight to quality’, where property-seekers take what they can get from a market fast running out of prime real estate in the most desirable locations. Tassan believes that the pace of development in Dubai has become its own worst enemy, as the availability of both building materials and manpower has been overtaken by the sheer speed of development.

Record oil prices, surging inflation and droves of expats combined to produce a 19 per cent rise in property prices last year - a figure well above market expectations.

Tassan cited local statistics, which found the total value of land transactions in Dubai to have risen 70 per cent in 2006, compared to the previous year. This surge in investment has created distinct areas within Dubai and established patches with unique characteristics and serving specific purposes.

“Dubai’s real estate market is not the homogeneous market that it was five years ago,” contends Hagkull. “We very clearly see a differentiation between the older historic areas of Bur Dubai and Deira and the central business district in the World Trade Centre area. Then there’s what is referred to as ‘new Dubai’, which takes in Internet City and the Marina.”

While banking giant HSBC has said it doesn’t expect supply to catch up with demand until 2015, Hagkull says that the 300 per cent rise in property prices seen in the last five years is a phenomenon that’s not likely to be repeated. “We’re seeing a broader trend to a more maturing of the market. Once you’re at a world level, it’s unlikely you’re going to reach twice that level any time soon.”

A formidable force weighing on the tireless expansion of Dubai is the new laws governing the financing of developments, while others predict that the breakneck pace of construction will eventually tip the market into a state of oversupply. Then there is the question of what will happen years down the line when developers have to pay back the loans which, in the wake of the global credit crunch, have been more readily available as borrowing is cheaper.

But Hagkull says much of the answer for the long term lies right here in Dubai, in the form of pent-up demand. “Right now, Dubai is about 25 per cent under-served. It’s only natural that if you have limited space, you put more people in that space. In the long run that has an impact on employee satisfaction in the workplace. So we anticipate a reallocation of space, as people move out of less-than-optimum locations. This will accommodate a significant amount of demand,” he said, adding that it would create a cascading effect, where people leave less optimum, smaller, older and more distant locations and move into the central areas.

Whatever the doom-mongerers say, the overwhelming international interest seen at the International Property Show over the past three days suggests Dubai’s surging real estate market is here to stay and has served as the opening salvo to what is shaping up to be another lucrative year for the emirate’s property sector which, according to research reports, is responsible for up to 50 per cent of all property-related activities in the Gulf.

Article source: www.7days.ae/business

Dubai Investment Park

Dubai Investment Park (DIP) is a recent, Environment friendly zone located in UAE. Dubai Investment Park delivers all requests for business, residential, recreational development. It covers 3200 hectares area and located approximately nine kilometers Ireland from the Arabian Gulf. It is approximately 3.5 kilometers in width and 9.7 kilometers in length.


The Dubai Investment Park has extremely competitive real estate market in UAE. The Park has a high profile and environment-friendly technology development, which is designed to be a self contained city with diverse land usage and special features. Dubai Investment Park is a moderate business zone spreading in large area of 32 million square meters offering investors a range of quality services. DIP has a wide variety of aim such as manufacturing, office, housing, research, distribution, logistics and academic function.

Dubai Investment Park aim to offer viable prices for entirely developed plots along with No hidden charges. The park has various sized plots for a variety of uses which are vacant for long term use. The park has quality controls to maintain development, water supply network, waste water collection network, treatment and recycling facility.

The Dubai Investment Park representing all features such as pre-built units available for lease along with gate access on site security and full complement of infrastructure. The park has direct access to major UAE freeways to Jebel Ali Port and the proposed second Dubai Airport. Park design control is to maintain the quality of development of the park as well as possible equity participation by Dubai Investment.

The park has world-best Infrastructure includes Domestic water system to supply 19 million gallons per day. Irrigation water system to supply 6 million gallons per day.

Industrial process water system to provide 2 million gallons per day, On-site sewage treatment plant, Private power plant to supply 600mVA, potential daily gas demand of 2.5 million m3 per day, 50,000 telephone lines.

Click on the image to enlarge

The Dubai Investment Park commits facilities like competitive flexible lease rates. The leasing rates depend upon the type of the plot required its size and its location. The park has a wide range of land lease types such as Industrial land lease, Office land lease, Residential land lease, Commercial land lease, Industrial building lease, Office building lease, Commercial building lease. Dubai Investment Park (DIP) delivers all requests for business, residential and recreational development.

Content Source: JCA Consulting

Arabian Ranches

The Arabian Ranches Dubai offers villas and townhouses in a lovely gated community. Arabian Ranches Dubai is ideal for family life, with community facilities (swimming pools, play areas, tennis courts etc) available to all. Yet within easy commuting distance from Dubai and Jebel Ali.


The Arabian Ranches offers:

Arabian Ranches Golf Club
Village Community Center (with shops etc)
Jumeirah English Speaking School (Primary and Secondary School)
Equestrian Center
Dubai Polo Club
Medical Facilities within Arabian Ranches

Within Arabian Ranches, there are several developments:

Al Mahra Arabian Ranches

Set on the Desert Course, these unique golf homes offer an extraordinary experience in modern living. A traditional Arabic architectural design enhances the feel of pure comfort and style, Al Mahra offers a choice of ten different villa layouts. The distinct use of Mashrabia detail lends them a traditional feel. Neutral whites, placid creams, light tan and sand colors offer harmony with the desert and impart a sense of relaxation. Gypsum decorations, arches, recesses, elegant domes and bright open spaces complete the Arabesque design.

Located within Arabian Ranches, this eclectic community exists in perfect harmony with its golf and equestrian lifestyle. Abundant with shopping centres, restaurants, parks, JESS school, a clubhouse and an equestrian centre, it's designed for those who have a passion for fine living.

As well as high-speed digital technology for Internet, television and voice communication, balconies, terraces and a covered carport for two vehicles, Al Mahra also offers residents round-the-clock maintenance and security.

* A world-class golf course: The Desert Golf Course, designed by Ian Baker Finch/Nicklaus Design
* An equestrian centre with two polo fields, show jumping arenas, boarding facilities for horses and riding trails
* A community area that includes shopping, restaurants, mosque, community centres, school and cafe.
* Medical facilities within Arabian Ranches Community
* Gated community
* Plenty of open spaces in the form of parks
* Comfortable, pleasant and safe streetscapes, ideal for strolling and cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course
* Membership opportunities at the equestrian centre
* Neighbourhood centre with swimming pool and children's play area
* Proximity to the town centre
* JESS school - primary and secondary level (UK curriculum)
* 24-hour maintenance
* 24-hour security

Villa Features

* Exceptional finishes, including ceramic tiles thoughout villa and decorative color palettes
* 10' mhigh ceilings in living spaces, 9' high ceilings in principal spaces.
* Kitchens with elegant cabinetry and granite countertops
* All bedrooms with built-in wardrobe
* Ensuite bathroom in master bedroom
* Maid's room, laundry room
* Front garden with covered carport for two vehicles
* State-of-the-art high speed digital technology for internet, television and voice communication
* Arabic design using Arabic ements: Domes, Gypsum Decorations, Arches, Recesses
* Large balconies/terraces

Al Reeem Arabian Ranches

Gazelle (Al Reem) is a 208-acre development that contains three themed independent gated communities (Al Reem 1, 2, 3) that surround an expansive two-level lake. Its design was inspired by the beauty of the desert and the grace of the Arabian Gazelle, and contains luxury freehold townhouses that incorporate elements from traditional Arabic, Spanish, Western and contemporary architecture. It is located on the eastern edge of Arabian Ranches and contains 2, 3 and 4 bedroom two-storey townhouses with sizes between 1,690 and 3,060 square feet.

Within each Gazelle Community, there is a communal pool, tennis courts, basketball courts and parks.

Location: Eastern edge of Arabian Ranches, Townhouses
Unit Type: Two storey single family townhouses
Phases: Al Reem I, II, III
Unit Sizes: 1,690 - 3,060 sqft (2, 3 and 4 Bedrooms)
Completed

The community offers its residents a full range of services on their door step:

* A world-class golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Alma Arabian Ranches

At the very center of the Arabian Ranches community, Alma Townhomes enjoy a privileged location. To one side is the central lake, a haven of calm and on the other is the retail center, a hub of activity. Step out and you’ll find yourself just a short walk away from the golf club. Living here not only means you can have spectacular views of the lake and golf course, but also easy access to everything on offer. Epitomizing the classic Arabian Ranches lifestyle, the townhomes stand in all their splendour, embracing every aspect of their immediate community.

The location of these townhomes at the very heart of Arabian Ranches epitomizes the name Alma, which means inner soul in Spanish. Inspired by the lucid lines of sumptuous Spanish architecture, Alma Townhomes stand in sets of twos and fours, alongside pretty little private gardens. Spread over a stretch of lakeside land, they offer a space that’s in symphony with its surroundings. It’s here that you’ll find a strong sense of community living and a rare chance to be part of the Arabian Ranches lifestyle.

Completion date 2009

As well as high-speed digital technology for Internet, television and voice communication, balconies, terraces and a covered carport for two vehicles, Alma will also offer residents round-the-clock maintenance and security.

* A world-class golf course: The Desert Golf Course, designed by Ian Baker Finch/Nicklaus Design
* An equestrian centre with two polo fields, show jumping arenas, boarding facilities for horses and riding trails
* A community area that includes shopping, restaurants, mosque, community centres, school and cafe.
* Medical facilities within Arabian Ranches Community
Gated community
* Plenty of open spaces in the form of parks
* Comfortable, pleasant and safe streetscapes, ideal for strolling nd cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course
* Membership opportunities at the equestrian centre
* Neighbourhood centre with swimming pool and children's play area
* Proximity to the town centre
* JESS school - primary and secondary level (UK curriculum)
* 24-hour maintenance
* 24-hour security

Hattan Arabian Ranches

If such a thing as the quintessential Arabian luxury living exists, Hattan fits the description perfectly. A Fabulous collection of luxurious villas, these are the most sought after homes situated in the most sought after location - on the Desert Golf Course at Arabian Ranches.

With a choice of luxury and executive villa types, these family detached homes offer a fusion of heritage and modernity that both appeal and invite. What lends Hattan homes their distinguished character and style is the use of traditional Arabic architectural design and characteristic elements such as enclosed courtyards open terraces, sand and earthy colours.

Located within the Arabian Ranches, these outstanding luxury villas are in perfect harmony with its golf and equestrian lifestyle. Abundant with shopping centres, restaurants, parks, JESS school, a clubhouse and an equestrian centre, they are homes for the truly discerning.

Luxury comes as standard in the luxurious villas at Hattan, which provide a quality lifestyle to its residents within a tranquil, natural environment. The wide range of amenities offered include:

* A world-class golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership oppurtunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Villa Features

* Well-lit spacious rooms
* Marble-style flooring in the living areas and staircases
* Marble walls and flooring in the master bath
* High quality kitchen cabinets
* High quality built-in kitchen appliances
* 9-foot ceilings
* High speed visual technology for internet, television and communication

Mirrador La Coleccion Arabian Ranches

Viva ello encima! When it comes to the art of fine living, nothing quite matches Spanish style and expression. Mirador, at the Arabian Ranches, captures the very essence of Spanish ease.

Built with families in mind, each detached villa is nestled in its own secluded space. But there's a community feel too, enhanced by the common Spanish architectural features. Positioned right on The Desert Course, some of these homes have truly spectacular views of the golf course. Here, you'll create your own niche in a setting where golf, polo and equestrian lifestyles.

Location: between Desert Course and Gazelle
Project Type: Spanish styled single family villas
Unit Type: Two story single family villas
Unit Sizes: 3,458 – 6,911 sqft
Completed

La Colección:
A special collection of golf homes that embodies the best of Mirador architecture and style and introduces new unique villa types.

Project Type: Spanish styled single family villas
Unit Type: 2 story detached single family villas
Completion date: end 2007 / begining 2007

The community of Arabian Ranches offers its residents a full range of services on their door step:

* A world-class golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Palmera Arabian Ranches

Imagination. Innovation. Distinction. These are all attributes that spring to mind when describing Palmera - the unique Spanish style cluster homes at Arabian Ranches. Each of these single-family attached villas is distinctly different from the other. Yet they are secure within their clusters, which lend a feel of community living.

The picturesque streetscape makes for an exquisite visual treat, while the tranquil surroundings contribute to a sense of calm and quiet. Inspired by Spanish Architectural Design with characteristics such as pitched roofs and rich, warm, earth colours, these homes have endearing style.Envisioned within the Arabian Ranches, this truly original community is designed for those looking for homes with character. It also exists in perfect harmony with the golf and equestrian lifestyle focus of Arabian Ranches and offers a serene setting.

* World-class golf course: The Desert Golf Course, designed by Ian Baker Finch/Nicklaus Design
* An equestrian centre with two polo fields, show jumping arenas, boarding facilities for horses and riding trails
* A community centre that includes shopping, dining restaurants, mosque, Medical Facilities,school and cafe
* Gated community
* Plenty of open spaces in the form of parks
* Comfortable, pleasant and safe streetscapes, ideal for strolling and cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course
* Membership opportunities at the equestrian centre
* Neighbourhood centre with swimming pool and children's play area
* Proximity to the town centre
* JESS school
* 24-hour maintenance
* 24-hour security

Villa Features

* Exceptional finishes, including ceramic tiles throughout villa and decorative colour palettes
* 10 feet high ceilings in living spaces, 9 feet high ceilings in principal spaces
* Kitchens with elegant cabinetry and granite countertops
* All bedrooms with built-in wardrobes
* Ensuite bathroom in master bedroom
* Maid's room, laundry room or store room
* Front garden with covered carport for two vehicles
* State-of-the-art high-speed digital technology for Internet, television and voice communication
* Pitched colourful roofs, Spanish style decorative elements fireplaces with chimneys
* Colourful special exterior paint for each villa
* Large balconies/terraces

Saheel Arabian Ranches

Comprising of one and two-storey contemporary style villas, Saheel homes are available in 9 unit types ranging from 3,166 to 5,308 sq ft. and three and five bedrooms. Primed on generous plots, Saheel offers homeowners an opportunity to be part of the unique desert paradise that Arabian Ranches has to offer.

Saheel was one of the first districts in the Arabian Ranches development and some villas offer direct views of the Desert Course, an 18-hole championship course designed by Ian Baker-Finch and Nicklaus Design as well a variety of ‘green’ experiences with parks and secondary streetscapes.

The Saheel community has its own unique atmosphere. Every effort has been made to create an environment where residents’ can enjoy a unique and satisfying outdoor lifestyle.

As well as high-speed digital technology for Internet, television and voice communication, balconies, terraces and a covered carport for two vehicles, Saheel also offers residents round-the-clock maintenance and security.

* A world-class golf course: The Desert Golf Course, designed by Ian Baker Finch/Nicklaus Design
* An equestrian centre with two polo fields, show jumping arenas, boarding facilities for horses and riding trails
* A community area that includes shopping, restaurants, mosque, community centres, school and cafe.
* Medical facilities within Arabian Ranches Community
* Gated community
* Plenty of open spaces in the form of parks
* Comfortable, pleasant and safe streetscapes, ideal for strolling and cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course
* Membership opportunities at the equestrian centre
* Neighbourhood centre with swimming pool and children's play area
* Proximity to the town centre
* JESS school - primary and secondary level (UK curriculum)
* 24-hour maintenance
* 24-hour security

Savannah Arabian Ranches

Emaar's gated golfing and equestrian development Savannah affords the grandeur of a high-quality lifestyle. Over 200 luxurious villas are spread over an expanse of 79 acres. Contributing to the Savannah lifestyle are a world-class equestrian and polo grounds, a network of man-made lakes, golf and a health spa. One of the Middle East's finest golf courses designed by Ian Baker Finch and Nicklaus Design is now open and challenges visitors over its par-72 desert 7,698-yard length.

Project Type: Single family detached homes
Unit Type: Detached Single Family Villas
Unit Sizes: 3,216 - 6,185 sqft.
Completed

As part of the Arabian Ranches 'lifestyle'community key features include:

* A world-calss golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Villa Features

* Exceptional finishes, including ceramic tiles thoughout villa and decorative color palettes
* 10' high ceilings in living spaces, 9' high ceilings in principal spaces.
* Kitchens with elegant cabinetry and granite countertops
* All bedrooms with built-in wardrobes
* Ensuite bathroom in master bedroom
* Maid's room, laundry room
* Front garden with covered carport for two vehicles
* State-of-the-art high speed digital technology for internet, television and voice communication
* Fireplace
* Contemporary Design

Terra Nova Arabian Ranches

Set on the Desert Golf Course, a villa in Terra Nova offers the highest standards in modern living. They personify the grace and comfort, the sense of family protection, and status associated with the Santa Fe Style.Rich in color, with contemporary yet traditional Adobe style architecture, these distinctive homes offer a design that is born from a fascinating history that blends with the desert. High ceilings and bright open spaces create a style like no other.

Located within the Arabian Ranches, this eclectic community exists in perfect harmony with its golf and equestrian lifestyle. Abundant with shopping centres, restaurants, parks, JESS school, a clubhouse and an equestrian centre, it is designed to enrich daily life.

* A world-calss golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership oppurtunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Alvorada Arabian Ranches

Inspired by Portuguese architecture, Alvorada villas exude a friendly and relaxed charm. From the arched windows and doorways to the rounded walls, Alvorada homes are elegantly proportioned and well-suited to the climate. The russet terracotta roofs, decorative turrets and other ornamental flourishes hint at their Portuguese pedigree. Interior plans offer a choice of three to five bedrooms. All designs feature generous living space, along with balconies and terraces for a comfortable al fresco lifestyle. Greenery and tranquil surroundings add to the appeal of an enchanting residence.

Location: set between Palmera and La Coleccion communities
Project Type: Portuguese influenced single family villas
Unit Type: Two story, 3-5 bedroom, single family villas
Unit Sizes: 3,566 - 4,844 sqft
Completion Date: December 2008

Arabian Ranches is located on the Emirates Road within Dubai, within easy commuting distance of all areas of Dubai, Jebel Ali, Abu Dhabi and Al Ain.

Acacia Avenues

Acacia Avenues typifies the Abyaar approach. Located close to the beaches of Jumeirah with ease of access to some of the world’s most luxurious hotels, Acacia Avenues is a commitment to quality as yet unseen in Dubai. With outstanding access to the media business parks, the development is a fully integrated urban centre of ultra-sophisticated design.

Minimalistic yet feature-filled in makeup, the villas and apartments of Acacia Avenues herald the arrival of contemporary urban living in Dubai. Inspired by chic, landscaped urban spaces, the architecture combines contemporary modes with regional cues to create a definitive living environment. Landscaped gardens lead to retail and leisure centres, restaurants and cafes.

Discreet, private and privileged – Acacia Avenues is meticulously maintained, assuring exclusivity in an environment permeated by contemporary Italian design and sensibility. Acacia Avenues features a luxurious residents only health club. Fully equipped with aerobic and cardio-vascular equipment, swimming pools, tennis courts and play areas, the club is a convenient attribute for busy lifestyles. A café and several small amenity shops will provide day to day provisions and the pedestrian friendly avenues are ideal for jogging and short bicycle rides.

Location

Acacia Avenues is truly in the middle of everywhere. It provides easy access to some of Dubai’s best beaches; the thriving business hubs of Media and Internet Cities; world-class education at Knowledge Village; and superb shopping and entertainment at the massive Mall of Emirates. With Sheikh Zayed Road and one of the stations for the new Dubai Metro nearby, Acacia Avenue is very well place whether you want to use your own vehicle or utilize the new public transportation system.

Master Plan

Designed as a first-class gated community, with pedestrian access throughout, Acacia Avenues will feature premium facilities including a luxurious health club, swimming pool, spa, squash courts, children’s play area and coffee shops.

It will offer high quality, discreet and privileged accommodation options, with 24 hors security, as well as retail and restaurant facilities available to the public.

Five star hotel services include 24 hour room service, concierge and pre-concierge services, transportation, chef and butler options that will complement the build integrity to provide a truly superior living experience that heralds the arrival of contemporary urban living in Dubai.

Lifestyle

Experience light filled minimalism

Light permeates every aspect of and Acacia Avenues home. Designed to benefit from Dubai’s exceptionally sunny climate, the apartments, townhouses and luxury villas radiate a sense of spaciousness. Straight lines, asymmetrical design and ingenious spatial planning create residences of unrivalled interior style. Outside, the communal exteriors are similarly lineal. Floor-to-ceiling windows cleverly merge the outdoor and indoor living areas to produce an even greater feeling of openness.

Clubhouse

A private community with luxurious facilities

Discreet and privileged, Acacia Avenues features a luxurious health club and a range of other first class sporting, retail and recreational facilities that will quickly become part of your daily lifestyle.

With lavishly equipped gymnasiums, swimming pools, tennis courts and play areas, the health club is the perfect complement for busy lifestyles. After strolling or jogging along the pedestrian-friendly avenues; swimming in the pool; relaxing in the Jacuzzi or spa; working out at the fitness centre or squash courts, you can choose whether to dine simply at the poolside snack bar or lobby café; or make it a night to remember in a fine dining restaurant.

Acacia Avenues will have 2 high rise towers which is 38-storey Olgana Tower and the 45-storey residential and serviced apartment Hilliana tower, 5 low rise buildings and 50 luxurious villas - Decora, Wanya and Fulva.

Completion Date will be End of 2010