DAMAC’s Executive Bay in Business Bay, Dubai sold out in 15 minutes
10-Apr-2007
Freehold office spaces
Intelligent working environs within Business Bay
Executive Bay, Business Bay, Dubai
DAMAC Properties, the leading private sector real estate developer in Dubai, has announced that its Executive Bay commercial tower in the heart of Business Bay, Dubai was sold out completely within 15 minutes of its launch. This 19-storey tower is set to feature state-of-the-art office spaces as well as retail and recreational facilities that promise to make it one of the most sought-after corporate addresses.
In his comments on the record sales, Mr. Hussain Sajwani, Chairman of DAMAC Holding, said: “We were always confident of the demand for our Executive Bay project. But we are absolutely ecstatic with the enthusiastic response to our project. The unparalleled sales of our tower within 15 minutes of its launch reflect the faith everyone has in DAMAC, which has always been associated with iconic projects that deliver excellent value in this dynamic city.”
The unprecedented sale of Executive Bay follows the impressive success experienced by DAMAC’s first two real estate projects at Business Bay, Dubai, Business Tower and XL Tower. The Executive Bay tower at Business Bay will offer an intelligent work environment that will enhance employee satisfaction and help increase productivity. This innovative commercial real estate project in Dubai is equipped with ultra-modern business communication and security facilities such as hi-speed internet, a business lounge, reception desk, and swipe access, security cameras and 24-hr security guards.
Saturday, April 14, 2007
Largest commercial real estate project, The Avenues, unveiled in Kuwait
Largest commercial real estate project, The Avenues, unveiled in Kuwait
14-Apr-2007
The Avenues set to be Kuwait’s largest commercial development
$2 billion project is Mabanee’s first landmark venture to be completed in four phases by 2010
The Amir of Kuwait, His Highness Sheikh Sabah Al Ahmad Al Jaber Al Sabah, has launched the first phase of The Avenues, the master development being developed by Mabanee, Kuwait’s premier real estate developer. The Avenues is the first major project conceived and developed by Mabanee. The landmark project will be opened in four phases involving an overall investment of $2 billion and is set to be Kuwait’s largest shopping, leisure and business destination when completed in 2010.
Mohammed Abdulaziz Alshaya, Chairman, Mabanee and M.H. Alshaya Company, said, “The Avenues will not only emerge as one of Kuwait’s premier leisure and shopping destinations and redefine retailing in the region, but will provide a boost to the economy and prestige of Kuwait. The project is being developed in line with the vision of His Highness Sheikh Sabah Al Ahmad Al Jaber Al Sabah. We are delighted to be able to play a role in making this vision come to fruition. Mabanee’s goal is to contribute to the country’s overall development”.
The mall’s design comes from world-renowned architects Norr Consultants International, a firm that has built some of the most distinctive real estate projects in the Middle East, including the Emirates Towers in Dubai. The mall itself will be a dazzling addition to Kuwait’s retail landscape. Designed to reflect the natural forms and elements of the desert and using the maximum natural light, The Avenues will set new standards in contemporary architecture.
14-Apr-2007
The Avenues set to be Kuwait’s largest commercial development
$2 billion project is Mabanee’s first landmark venture to be completed in four phases by 2010
The Amir of Kuwait, His Highness Sheikh Sabah Al Ahmad Al Jaber Al Sabah, has launched the first phase of The Avenues, the master development being developed by Mabanee, Kuwait’s premier real estate developer. The Avenues is the first major project conceived and developed by Mabanee. The landmark project will be opened in four phases involving an overall investment of $2 billion and is set to be Kuwait’s largest shopping, leisure and business destination when completed in 2010.
Mohammed Abdulaziz Alshaya, Chairman, Mabanee and M.H. Alshaya Company, said, “The Avenues will not only emerge as one of Kuwait’s premier leisure and shopping destinations and redefine retailing in the region, but will provide a boost to the economy and prestige of Kuwait. The project is being developed in line with the vision of His Highness Sheikh Sabah Al Ahmad Al Jaber Al Sabah. We are delighted to be able to play a role in making this vision come to fruition. Mabanee’s goal is to contribute to the country’s overall development”.
The mall’s design comes from world-renowned architects Norr Consultants International, a firm that has built some of the most distinctive real estate projects in the Middle East, including the Emirates Towers in Dubai. The mall itself will be a dazzling addition to Kuwait’s retail landscape. Designed to reflect the natural forms and elements of the desert and using the maximum natural light, The Avenues will set new standards in contemporary architecture.
105 billion Malaysian real estate project launched at Cityscape Asia
105 billion Malaysian real estate project launched at Cityscape Asia
14-Apr-2007
Strategic location on the border with Singapore
$105 billion mixed-use economic zone
Malaysian government committed $1.5 billion for several infrastructure projects
Iskandar Development Region, the Malaysian $105 billion mixed-use economic zone has been unveiled during the inaugural Cityscape Asia, largest real estate exhibition and conference, at the Suntec Singapore International Convention & Exhibition Centre. In addition to the financial centre, the development will consist of an educational zone, creative and design centre, theme park, hotels and other tourism-related projects. Danga Bay, the $8 billion integrated waterfront realty development in the Johor Bahru region of Southern Malaysia, is one of the flagship developments within Iskandar Development Region.
Neil Hickman, Exhibition Director, Cityscape Asia, said, “Not that foreign investment in Asian real estate projects is a problem. Vietnam’s FDI in 2006 was over $10 billion rivaling that of India and Mah Bow Tan, Singapore Minister for National Development, announced that Singapore had realized more than $5.4 billion during the same period”.
Close to Singapore, it is more than twice the size of the island state and has already attracted more than US$ 5 billion through public-private partnerships and other non-governmental organizations. The investors will be offered corporate tax exemption, free-flow of capital and labor and freehold status for office and residential property in this master real estate development. The master plan for this project will take 20 years to be realized.
14-Apr-2007
Strategic location on the border with Singapore
$105 billion mixed-use economic zone
Malaysian government committed $1.5 billion for several infrastructure projects
Iskandar Development Region, the Malaysian $105 billion mixed-use economic zone has been unveiled during the inaugural Cityscape Asia, largest real estate exhibition and conference, at the Suntec Singapore International Convention & Exhibition Centre. In addition to the financial centre, the development will consist of an educational zone, creative and design centre, theme park, hotels and other tourism-related projects. Danga Bay, the $8 billion integrated waterfront realty development in the Johor Bahru region of Southern Malaysia, is one of the flagship developments within Iskandar Development Region.
Neil Hickman, Exhibition Director, Cityscape Asia, said, “Not that foreign investment in Asian real estate projects is a problem. Vietnam’s FDI in 2006 was over $10 billion rivaling that of India and Mah Bow Tan, Singapore Minister for National Development, announced that Singapore had realized more than $5.4 billion during the same period”.
Close to Singapore, it is more than twice the size of the island state and has already attracted more than US$ 5 billion through public-private partnerships and other non-governmental organizations. The investors will be offered corporate tax exemption, free-flow of capital and labor and freehold status for office and residential property in this master real estate development. The master plan for this project will take 20 years to be realized.
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