Tuesday, October 27, 2009

Dubai Land Department lauds timely delivery and handover of ‘Le Grand Chateau’ project

Dubai Land Department lauds timely delivery and handover of ‘Le Grand Chateau’ project

Al Fara’a Properties commended by Nakheel for being first to deliver in Jumeirah Village

October 26, 2009

The Dubai Land Department (DLD), the UAE’s lead government agency on affairs concerning land and private properties, has lauded Al Fara’a Properties, a member of the Al Fara’a Integrated Construction Group, for the timely completion and handover of its AED 225 million ‘Le Grand Chateau’ (LGC) project in Jumeirah Village. In addition, Nakheel Properties, the master developer of Jumeirah Village, also commended Al Fara’a for being the first to deliver in its high profile community development and for completing the project six months before its scheduled 2010 deadline. The announcement follows a recent handover ceremony held at ‘Le Grand Chateau’, which was attended by officials from DLD, Nakheel and the Al Fara’a Group.

Ideally located at the heart of Jumeirah Village, ‘Le Grand Chateau’ draws inspiration from the architecture of the 16th century Chateaux of the Loire Valley in France. The development comprises 15 luxurious four-bedroom G+2 townhouses, a residential block with a total of 185 apartments, and a range of amenities including a gymnasium with aerobic facilities as well as entertainment and lifestyle areas, which will ensure that all residents, including some 50 families who have moved in and the others that will follow them, enjoy a sense of community in an ideal setting. Over and above its impressive design, all aspects of the project - from furniture to lighting - have been carefully selected and blended to ensure a consistent themed ambience throughout the development.

“We are extremely humbled by the praise and votes of confidence given to us by officials from the Dubai Land Department and Nakheel,” said Natasha Gangaramani, Director, Al Fara’a Properties. “We have built ‘Le Grand Chateau’ with a lot of attention to detail and based on the rich learning and study of lifestyles that we have established in the last three decades. The Al Fara’a Group has a wealth of knowledge, experience and expertise and ‘Le Grand Chateau’ reflects the 360 degree care and intelligent approach we have towards our developments.”

Officials from the Dubai Land Department emphasised their focus on ensuring the health of the Dubai property market to sustain its global position as one of the most competitive property destinations.

Sultan Butti Bin Mirjin, Director General, DLD, said, “The Dubai Land Department wishes to congratulate the first batch of tenants on their move into ‘Le Grand Chateau’ and for the excellent investment they have made with this exceptional project. We also congratulate Al Fara’a Properties for meeting their scheduled delivery, and for taking great pains to prioritise and care for every aspect of their client’s lifestyle and community needs. The DLD continues to provide support for developers like Al Fara’a, who despite the impaired market conditions still managed to honour their commitment to on-time delivery of projects.”

The Al Fara’a Group has provided LGC investors access to flexible financing options for the project through Abu Dhabi Commercial Bank (ADCB). To ensure a consistent theme across the project, the leading property developer has partnered with Al Huzaifa Furniture to bring occupants a range of décor ideas centered on classic Italian furniture in a contemporary modern setting. LGC tenants are also offered special rates on the leading furniture company’s latest collection and its turnkey interior design services such as design consultancy, concept designing and custom interior solutions.

At the handover ceremony held at Le Grand Chateau on 30 September 2009, Nakheel, the master developer of Jumeirah Village cited Al Fara’a as an innovative developer that consistently pushed boundaries to deliver in line with their goal of Jumeirah Village as a luxury community that exceeds the expectations of investors for years to come.

“Al Fara’a Properties is an outstanding developer and it has been a true pleasure working with them to deliver this project. As the master developer of Jumeirah Village, it brings us great pride that our community project is the home of this exceptional new development, for which we have established a synergy that Nakheel and Al Fara’a Properties share. We are eager to see more high quality projects from this developer to rise amidst our communities,” said Chris O’Donnel, Chief Executive Officer, Nakheel.

Al Fara’a Properties has two other luxury residential projects within Jumeirah Village - the ‘The Manhattan’, and the ‘Mulberry Mansions'. Inspired by the urban residences of 1930’s New York, ‘The Manhattan’ will offer 355 units, which comprise a selection of studio, one-, two-, and three-bedrooms apartments; while ‘Mulberry Mansions' will provide 12 Victorian-styled two-storey townhouses, incorporating four bedrooms, a private two-car garage, a terrace, a balcony, maid’s room with separate access, and a small private garden.

“We are grateful to the Rulers of the UAE for their vision and exemplary leadership, to the Dubai Land Department, to Nakheel, to our banking partners and our clients for their support and zest to make this project come alive. We believe that delivering a development is far beyond just delivering habitable spaces. Rather, it is the delivery of a community and a lifestyle within the development. We choose and meticulously plan the colours, finishes, design angles and circulation within the buildings. Our sustained commitment to deliver outstanding development projects and our excellence in planning diligently has allowed us to complete the ‘Le Grand Chateau’ project way before the deadline. We also strongly believe that the Jumeirah Village master development is a prime commercial and residential venue,” concluded Gangaramani.

About Al Fara’a Integrated Construction Group:
Al Fara’a Integrated Constriction Group has a solid track record of three decades, executing prestigious projects in the UAE, and building a reputation for delivering outstanding client value and completing projects on time and within budget. It is a conglomerate of leading business entities including Al Fara'a General Contracting, Unibeton, Belgium Aluminium and Glass and Al Sabbah Electro Mechanical.

Unibeton is the market leader in ready mix concrete, and recently created history by pouring a record 22,000 m3. of concrete in less than 35 hours at Al Attar Sky Spiral, Dubai. Belgium Aluminium and Glass is UAE's largest service provider for the fabrication and installation of aluminium and glazed structures and decorative metal work. Other business entities of Al Fara'a Group deal in contracting, precast, joinery, and steel structure, covering the entire domain of the Construction Industry. Led by a team of experienced engineers, managers and technical experts, Al Fara’a Construction, Property and Industrial Group utilises the most advanced technology and offers multidisciplinary services through one client interface, which reduces costs, simplifies the most complex projects, and enables the company to deliver premium value to the client.

About Al Fara’a Properties
Al Fara'a Properties was established by Al Fara’a Construction, Property and Industrial Group, and leverages the Group’s three decades of experience to build a world-class, professional and client-oriented property development arm. The services offered by Al Fara'a Properties include property development, sales, management, investment portfolio, facilities management, leasing and corporate client consultancy. Born out of the Al Fara'a Group's core values of integrity, customer satisfaction, building partnerships, ethical and professional service delivery, and commitment to enhance customer value, Al Fara’a Properties will keep on track to become one of the premier developers in the region.

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