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Content last updated 23rd June 2009 |
Nakheel Begins Handover at Golden Mile Nakheel has begun to handover units in the Golden Mile development on the Palm Jumeirah. The development consists of ten apartment buildings, with a total of 860 units. The development, which is a result of a JV between IFA Hotels & Resorts and Nakheel, is offering owners the opportunity to either move in to their units, or lease out their properties through IFA’s special leasing program. The Golden Mile is the second IFA project to be handed over, following the delivery of the Palm Residences in January 2008. IFA is also on track to deliver the Fairmont Palm Jumeirah Residences and Laguna Tower at Jumeirah Lake Towers
Image: Landmark Properties |
Dubai to Build World's Biggest Floating Hotel in London The South Dock at Canary Wharf will soon be home to the world’s largest floating hotel in time for the 2012 London Olympic Games, courtesy of a Dubai businessman, Khalid Al Ghurair. Al Ghurair plans to build the world’s largest luxury yacht and moor it permanently off the South Dock in the River Thames. The floating hotel will offer five star luxury accommodation and breath taking views of the river and the Canary Wharf skyline. The mega yacht will be larger than the current world’s largest yacht, which is owned by HH Sheikh Mohammed Bin Rashid Al Maktoum. The yacht has been christened the Aquiva and will be able to accommodate 300 guests, who will be able to enjoy a taste of Dubai’s famed luxury lifestyle. The yacht will be built without an engine and will have to be towed into place, through a complex network of locks in the docklands, before it is permanently moored. Al Ghurair has plans to develop similar floating hotels across the GCC.
Image: paulcampbellphotographer.com |
New junction for Mirdiff City Centre Sanctioned The RTA has awarded Majid Al Futtaim an AED 184 million contract to construct a series of bridges and flyovers on Emirates Road (E11) to serve the upcoming Mirdiff City Centre, which is scheduled to open in early 2010. Mirdiff City Centre will be spread across over 2 million square feet and will include a 12-lane bowling alley, a 10-screen cinema complex and 430 retail outlets.
Image: www.constructionweekonline.com |
Dubai Culture to Build City's First Arts & Culture District The Dubai Culture & Arts Authority has announced its intention to build the city’s first dedicated arts and culture neighbourhood, dedicated to artists, sculptors and musicians. The neighbourhood will be home to museums, theatres, art galleries, high-end fashion boutiques and fine dining restaurants. The district is being designed to replicate the success of London's Spittalfields open air market.
Image: dubai-livethedream.com |
JAFZA Set to Unveil Mega Projects Jafza, a member of Dubai World has revealed that it plans to launch projects worth billions of dirhams over the next few months. Included in the list of new undertakings are light industrial warehouses, a staff housing complex, a new shopping mall with in Jafza, a dedication exhibition and conference centre and a new office tower. The new exhibition and conference centre is at the heart of Jafza's expansion plans alongside related infrastructure projects, such as roads, bridges and underpasses. The new exhibition centre is being built at a coset of AED 2.5 billion.
Image: Jafza |
Al Fajer Secures Financing for JLT Development Al Fajer Properties has announced its acquisition of construction financing from the Commercial Bank of Dubai for its development at Jumeirah Lake Towers. The Commercial Bank of Dubai cited Al Fajer’s strong balance sheet and sound business plan as reasons for the bank to extend financing to the developer.
Image: wikimedia
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