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.