In an attempt to give fresh boost to the tourism and economy, Dubai recently launched its Dubai Canal Project costing AED 3.7 billion. The mega project took almost three years of construction work to complete. Dubai canal project is basically an extension of Dubai creek which has been now linked with Arabian Gulf. On the occasion of Dubai Canal Project launching, Dubai’s Ruler Sheikh Mohammed bin Rashid Al-Makhtoum said “Every achievement and success that we celebrate motivates us to move ahead with confidence, determination and optimism. We are challenging ourselves to generate the best ideas and initiatives.” “Our progressive way of thinking, ambition and positive energy will bring happiness to the people and prosperity to the nation,” Dubai’s ruler added. The newly inaugurated
November, 2016 will mark the time when Dubai Canal will become operational completely. The work on Dh2 billion project is moving as per schedule. Currently, as a process of testing, the water has been released in Dubai Canal. It is the first time that during last 3 years construction phase, water has been released in the canal. The initial proposed depth of the canal was six meters however it will be one meter less than that. Still, seeing the water in canal finally means that we are very close to seeing the completion of this mega project. As of now, low lever water has been released into Dubai Canal as a part of testing process. The level of water will be increased in next two to three weeks time. Construction work on the Dubai Canal is moving ahead at a good pace. At dif...
The Palm Jumeirah, a stunning palm-shaped lavishly constructed island in Dubai, is set to get another landmark. With an estimated budget of $ 1.4 B, Royal Atlantis a 46 Story project will have approx 800 rooms. The project will have 03 Residential towers, retail and beach club development aiming to complete by 2018, that is, in only 24 months time. The master developer of the Palm Jumeirah has confirmed the contract of $1.4 bn for Royal Atlantis resort and residence. Well known Atlantis of The Palm has huge aquarium with thousand of marine animals including sharks. The Atlantis is amongst one of the famous visiting destination in Dubai by tourists and residents. The Royal Atlantis is projected next to Atlantis. Ssangyong Engineering & Construction – South Korea with the Si
Despite and economic slow down in the gulf, Dubai is not going to stop its plan of building the largest shopping mall. The project named Mall of the World will continue as planned. The project is going to be covering more than 8 million square feet area. In this mall, there will be thousands of shops which will be connected to the theme park, apartment buildings with 20,000 rooms and 100 hotels. The idea for this Mall of the world was first introduced in mid-2014, that is the same time when oil prices around the world started collapsing gradually. Dubai is not dependent on oil money as the revenue generated by Oil and Gas contributes less than 5 percent to Dubai's economy. Rather Dubai relies on diverse industries like tourism, hospitality, retail and goods trading. Mall of th...
Falcon City of Wonders, which is one of the biggest scale projects in Dubai is going to get a new life with US$2 billion in new developments. The project which was initially launched in 2005 has only seen the completion for tenth of the 5,500 homes. The original idea of the project consists of a falcon shaped community along with the replicas of Taj Mahal and the Pyramids. So far there are no wonders to be seen on the ground though. According to the developer, the delays and problems in project have been caused by the sub-developers who were given the contracts for making attractions like the Eiffel tower, Leaning Tower of Pisa etc. According to the developer, it was made very clear for the sub-developers that the construction needs to start immediately after sale but it didn'...
Dubai proudly holds the honor to have the tallest tower in the universe, “Burj Khalifa” its already named as one of the finest tourist destination around the globe. Name has not been revealed yet, this iconic tower in Dubai will be as “equally great” as the Burj Khalifa and “as popular” as the Eiffel Tower as plans unveiled. HH Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, said the structure will be a “unique masterpiece” by Emaar, according to a tweet from the Dubai Media Office. The media office added: “His Highness Sheikh Mohammed bin Rashid Al Maktoum has visited a new exhibition in Burj Khalifa dedicated to showcase designs for a new tower by Emaar in Dubai Creek area. “Emaar’s Tower incarnates the greatness of the Islamic architecture with new tech
Dubai master-developer Nakheel has delivered the first of 10 hotels planned under its hospitality and leisure expansion, with a new, 251-room hotel now open at the world-famous Dragon Mart retail and leisure hub. Nakheel one the biggest Dubai Master Developer has delivered his first Hotel out of 10 Hotel planned under their hospitality and leisure expansion, 251 – room hotel is located near Dubai’s Famous Dragon Mart Retail and Leisure hub. The hotel is managed by AccorHotels under the ibis Styles brand, Hotel is three-star hotel already started welcoming guests,An opening ceremony led by Nakheel Chairman Ali Rashid Lootah, and AccorHotels Middle East Managing Director & Chief Operating Officer Olivier Granet. “The delivery of our first hotel is a major milestone for Nakheel
DUBAI PROPERTIES: Intensifying gracefully alongside Skyline of Dubai, One JBR positioned marvelously at the entrance of JBR. Dubai’s Investors looking for lavish properties are turning their interest to One JBR. 152 units across the 46 floors with two to four bedroom apartments and also have penthouses with five bedrooms. Completion of the project is scheduled for early 2019. “Sections of the tower will be released for sale in different markets,” said Marwan Al Kindi, Executive Director for Sales and Sales Operations at Dubai Properties, the developer. “Registration is now open exclusively through our sales partner – Gulf Sotheby’s International Realty. “Work has already begun on site and we will tender for the main works and appoint the lead contractor soon. We have great rel
We just had a meeting with a representative from The Heart of Europe regarding Floating Seahorse project that has been a great success so far. The developer has already sold first two phases of the project and now they have launched 80 more units, out of which 10 are already sold. Floating Seahorse is a unique concept and the island on which these villas are located is inspired by Maldives. The company has done thorough research and from many possible locations, Dubai and Mauritius are only two countries where such kind of project can sustain. The first phase of Seahorse villas which sold for Dh5.5 million per unit had a total size of 1,900 sqft. whereas the new phase consists of upgraded villas with a size of 3,100 sqft. Below are some of the take away points for anyone who
WASL Properties: In latest update, WASL Properties has announced the leasing process of 280 units in their new district called Wasl Oasis II which is located in Muhaisnah, Dubai. In the first phase release, the developer has planned to launch seven buildings out of 23. The launch will be held on 20 December, 2015. Wasl Properties has been aiming to provide affordable housing in well developed communities of Dubai and this project is in continuation of that same initiative. Zainab Mohammed, CEO Property Management and Marketing of WASL Properties told media that Wasl Oasis II will bring an affordable urban living to mid-income residents in Dubai. The project will not only enhance the living standards of residents in the area but it will also put further focus on that part of the ci