Sparkle Towers photos, Cityscape Global 2014, Dubai Marina, UAE, 24 September 2014

Mall of The World photos, Cityscape Global 2014, Dubai, UAE, 24 September 2014

DMCC Award Project Management Contract to Turner for ‘Burj 2020 District’

DMCC Award Project Management Contract

to Turner for ‘Burj 2020 District’

-       Ahmed Bin Sulayem, Executive Chairman, DMCC, hosts signing ceremony with Ali Odeh, Chairman & CEO, Turner International Middle East to mark the occasion

-       Dubai based ‘Burj 2020’ District’ to feature the world’s tallest commercial tower, the ‘Burj 2020’, as its centrepiece

Dubai, UAE; 24 September 2014: DMCC, the Government of Dubai Authority with a mandate to enhance Dubai’s position as the global gateway for commodities trade and enterprise, announced today that Turner has been appointed to project manage the ‘Burj 2020 District’ Development.

Turner won the tender that saw several global project management firms pitch for the management of the commercial district set to be the next world destination for large corporates.

Ahmed Bin Sulayem, Executive Chairman, DMCC, said:

“By appointing experienced project managers such as Turner we are laying strong foundations for delivering the ‘Burj 2020 District’ which will further drive sustainable growth for Dubai.

“Turner has a strong track-record in managing and delivering large complex projects while at the same time embracing innovative ideas and new technologies. Together we will create the optimal environment for trade and enterprise with a world-class commercial district that brings together retail, residential, business and lifestyle services.”

Turner comes with a wealth of experience having delivered the current three tallest towers in the world including the Burj Khalifa.

Ali Odeh, Chairman & CEO, Turner International Middle East, said:

“Opportunities to work on world-class developments of this scale do not present themselves often and we are honoured to be a part of DMCC’s ‘Burj 2020 District’ project. We are committed and ready to take the project to the next level by offering our Project Management Services to the Development of what will no doubt be a world class commercial district of the future.”

The appointment of Turner follows DMCC’s master plan design competition announced in June 2014. The ground breaking for the ‘Burj 2020 District’ is planned for 2015.

The ‘Burj 2020 District’ is being constructed as a direct result of customer demand in particular from large corporates and multi-business entities and will provide companies with a commercial property offering unique to the Dubai marketplace. Benefits include single ownership, contiguous Grade A commercial office space in the heart of Dubai, close to metro stations, world-class cargo facilities, ports and airports that connect to over 220 destinations including the new Al Maktoum International Airport.

The ‘Burj 2020 District’ will also be home to the world’s tallest commercial tower which was named ‘Burj 2020’ in November 2013 in honour of Dubai’s Expo 2020 win.
www.dmcc.ae

Falconcity of Wonders photos, Cityscape Global 2014, Dubai, UAE, 24 September 2014

Asteco to consolidate business units in Rolex Tower

New corporate home for Asteco 

Real estate services market leader unites its six business units under one roof with move to Rolex Tower as Dubai-headquartered firm readies for launch of new licensing services division and gears up for 30^th anniversary

Asteco, the Middle East’s largest independent full service real estate company, has announced that it has a new corporate home in Dubai’s prestigious Rolex Tower, as the 30-year property leader consolidates its core business units in one dedicated location.

Established in Dubai in 1985, with a 30-year pedigree and high profile client list covering asset management, sales, leasing, valuation and advisory, sales management and owner associations, Asteco has registered a number of notable commercial milestones during almost three decades as a market leader.

“With Asteco set to celebrate 30 years of business in the Middle East in 2015, this was a calculated move designed to bring the team together under one roof as we embark on our next phase of development with the imminent launch of our franchise model in the region,” said John Stevens, Managing Director, Asteco.

“Since 1985 we have held asset management responsibility for over 5,000 buildings, notched up total project sales of AED12.3 billion and successfully handed over 3,194 units, as well as leasing more than 10,500 homes,” he added.

Located on Sheikh Zayed Road, the city’s main business artery, the 60-storey mixed-use Rolex Tower is a premier building and has been managed by Asteco since its completion in 2010.

The company currently manages a total of 350 developments with 7,500 units in three countries and has sold 13 million square feet of projects, which accounts for an impressive 6,814 units purchased by 91 nationalities.

“Our network of regional offices in Abu Dhabi, Al Ain, Dubai, Sharjah, Jordan and Qatar are populated by an incredible international team of industry professionals, and this is one of our fundamental strengths as a leader in the real estate sector as evidenced by our solid performance over the years and long term relationships with investors, developers and tenants across all asset classes,” said Stevens.

Asteco’s six business units, led by its senior management team, have a noteworthy track record. Its valuation and advisory team, under the directorship of John Allen, registered a single valuation topping AED 31 billion in 2011/12, and a combined market valuation for its Abu Dhabi and Dubai properties of AED105 billion for the same period.

Its Sales Management unit has handled over 5.6-million square feet of residential and commercial space to date, with a total value of AED6.25 billion. “The development of the UAE’s real estate regulatory environment has also been something that we, as a team, keep a constant handle on, and with 1,490 DLD registrations to our credit, we are well placed to serve our growing client base,” noted Stevens.

Asteco has also been at the coalface of industry change with its role in the establishment of owner associations in the UAE. “Nicholas White and the Association Management team have six years’ experience in administering this sensitive area of real estate management, and we are proud to say that we have a 100% retention rate and over 90% service charge collection rate across our instructed portfolio,” he remarked. 

Next for the company is the launch of its new licensing services and franchise option. This has been created to offer real estate companies and independent realtors as well as regional entrepreneurs looking to diversify their existing businesses, or launch a start-up, access to Asteco’s 30-year brand pedigree and its successful business model.

For more information, please call +971 600 54 7773 or visit www.asteco.com

Asteco, a major regional and international real estate services firm and the largest property services company in the United Arab Emirates, was founded in Dubai in 1985.  Asteco offers independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset and property management services.

SIGNATURE ESTATES LIMITED LAUNCH BESPOKE RESIDENCES AT THE 118 IN A PRESTIGIOUS DOWNTOWN ADDRESS

SIGNATURE ESTATES LIMITED LAUNCH BESPOKE RESIDENCES AT THE 118 IN A PRESTIGIOUS DOWNTOWN ADDRESS  The newest residential addition to the Downtown Dubai skyline personifies luxury

(22 September, 2014 - Dubai) – Home to over two million people from over 200 nationalities, Dubai is renowned for its capacity to capture the imagination of the world and has in recent years been known as a global phenomenon. Downtown Dubai remains the ultimate area for the elite in the fast evolving city and is known as ‘the most prestigious square kilometer of real estate in the world’. The most esteemed new addition to Downtown Dubai’s residential scene isThe 118 residences, overseen by Dubai based development company, Signature Estates Limited and represented by newly opened Dubai Sotheby’s International Realty. Nestled in the heart of Downtown, The 118 is built on an exceptional monolithic platform that stands 14 storeys high. The 118 will set the bar as the ultimate residential address for only a discerning few with its unique collection of 27 spacious, full-floor unfurnished residences. Intelligently designed to optimise space, the residences were created ‘inside-out’ with the floor plans and layouts developed first and the exterior shell created later, resulting in the ultimate, customised haven.  Residents can choose between two styles of residences: The Signature Classic Residence which features soft, fluid designs and a warm colour palette, or The Signature Contemporary Residence boasting bedrooms finished in modern parquet surfaces and sleek lighting. Both types of residences boast impeccable finishing made to evoke a sense of warmth and comfort. To ensure The 118’s unrivalled offerings, Signature Estates Limited has partnered up with some of the world’s foremost authorities in their respective fields, from conceptualisation to execution. The Interior Design is spearheaded by Hirsh Bedner Associates, a firm favourite of the world’s most discerning design enthusiasts while Archgroup Consultants will execute the architectural and structural work for the property. Signature Estates Limited worked on the development alongside Al Basti & Muktha, ranked amongst the top engineering and construction establishments in the region. In addition, to building strong allegiances with one of the largest landscape and urban design practices worldwide, Cracknell. Signature Estates Limited also worked in conjunction with Illuminate Lighting Design to enhance and define space. Lastly, to ensure that the finished product is best represented, in the most befittingly professional manner, Dubai Sotheby’s International Realty, a market leader in luxury real estate sales experience, has been appointed with an exclusive sales mandate for The 118 ensuring its prestigious location on the real estate map. Each of the residences are designed as a space to ‘be yourself’ and designed to encompass four bedrooms and accommodate the personal preferences of each individual owner. The multi storied lobby welcomes residents with a specially designed, suspended, two-storey glass sculpture featuring fluid lines and abstract forms that are complemented by warm lighting giving a distinct combination of chic elegance, leading you to the heart of the residences through corridors laid with high-quality Italian marble custom designed for this prestigious residence. Each home is designed with  massive four-metre high ceilings with trackless French windows that frame the rooms offering rare, unparalleled 360 degree views of Downtown, bathing it in an abundance of natural light during the daytime and glittering city lights after sunset. These trackless panes lead out to the sky terraces, ensuring a seamless ‘indoor to outdoor’ transition, completing the full experience of unified luxury. A private haven away from the world, the residences offer a sanctuary in your own home. Immersing each resident in luxury with complete freestanding bathtubs, full-length mirrors and high-end innovative fixtures by American giant Kohler, the bathrooms and powder rooms at The 118 are designed to be unique, pampering retreats that offer fabulous indulgences. The kitchens, themed according to the Signature Classic Residence or Signature Contemporary Residence, offer designs by SieMatic and are a dream for both aspiring and accomplished chefs alike. The appliances by Miele, superior cabinetry and innovative spatial aesthetics seamlessly combine to create luxury kitchens of the future. Bringing extra personalised touches of refinery to each resident, a highly skilled concierge oversees visitor entry, maintains security and caters to the every whim of each and every resident. The concierge is supported by the hospitable doormen and valets to ensure that guest convenience is synonymous across all staff members. The building also comes with a maintenance crew to be on-hand to attend to every need. Each residence is allocated with three graciously oversized parking spaces and ‘chauffeur accommodation’ for each apartment. In addition to convenient lodging for staff, the private amenities of each resident leave nothing further to be desired. Luxuriously furnished, The 118 boasts state of the art technology with a temperature controlled swimming pool, an on-site fitness centre, private rooms for beauty treatments and spacious steam and sauna rooms. In addition to these premium facilities, residents get full access to an array of private dining and event spaces such as the poolside deck sprawling an immense 20,000 square feet, accommodating up to 100 guests, or a more intimate rooftop venue spreading over 4,000 square feet.   For further information on The 118, please visit: www.118downtown.com

Indigo Properties to unveil “ZEN” - its biggest project ever at Cityscape

Indigo Properties to unveil “ZEN” - its biggest project ever at Cityscape

United Arab Emirates - Dubai, 16^th September 2014:   Dubai Developer, Indigo Properties, with a history of over a decade of developing excellence in Residential and Commercial  properties will showcase a revolutionary masterpiece development the UAE has yet to see - “Zen” by Indigo. Zen means living in harmony within natural surroundings. Far from boxy, cramped styled villas, Zen is inspired from the best communities and resorts in Southeast Asia and all over the world. The project is spread across 4.5 Million sq ft of land in Dubai Golf City to include retail areas, clubhouses, several parks, play areas, jogging tracks, streams, meditation nooks, sunken pavilions and covered outdoor seating.

“Home is a tropical paradise” is Zen’s call to all home lovers and investors looking to live within a lush green community inspired from the tropical resorts of the far east which consists of 346 Villas along gentle meandering paths set among free-flowing streams and lush tropical foliage. The community comprises of villas and townhouse that range from 4000 sq. ft to 10000 sq. and comprise of 3,4, 5 and 6 bedrooms

Mr. Dev Maitra, CEO, Indigo Properties said, “We plan to start construction in the 1st quarter of 2015 and plan to finish in 24-28 months. We will launch “Zen” by Indigo sales during the Cityscape Global exhibition held in Dubai from 21-23 September 2014.”

He further added, “Our attention to design and details sets our projects apart from others. Our first project, Indigo Tower, won an award for best looking tower in JLT by the master developer, DMCC. Our commercial project Indigo Central has attracted tenants of the highest caliber including the likes of ADNIC, Etihad, Reem Al Bawadi, Emirates REIT, ADCB and Canon etc. We are proud of the fact that we have weathered the economic downturn during 2008-2011 and have come out stronger.”

At the upcoming Cityscape exhibition, Indigo Properties will showcase the project across  195 square meters in Hall 3, stand no. 3H20 from 10am – 7pm.

Some of Indigo’s current projects include a 70 villa development called Orange Lake situated at Jumeirah Golf Estates that’s scheduled for completion by the end of the year. Indigo Spectrum 1 and Indigo Optima are two buildings located in International city that would also see completion this year. Indigo will also deliver the last 35% of the 171 Townhouse development in Jumeirah Village called Indigo Ville over the next 8 months.

Till date, Indigo Properties have completed construction and handover of over 1.4 Million square feet of property in Dubai. Mr. Dev said, “We expect to deliver another one million square feet over the next one year by completing various under construction developments. We started out with the launch of two towers but most of our projects now are horizontal – i.e. villas and townhouses. We are well poised to launch our next masterpiece “Zen by Indigo at Cityscape Dubai.”

For more information on “Zen” by Indigo, please visit www.zenbyindigo.com or call on 04-4380888 and email info@indigoproperties.ae

About Indigo Properties

Established in 2004, Indigo Properties is driven by four directors who are passionate about offering the best in design, innovation, excellence and trust. Indigo Properties takes an independent and individual approach to developments, because they understand that each client they are building for is an individual with their own unique needs. This approach is backed by a solid understanding of the creation of beautiful and functional forms, married with years of experience. The company strives for the timely delivery of each project – from small personal spaces through to large scale residential and commercial projects by harnessing the energy and intelligence of everyone who works with them. For further information, please visit   www.indigoproperties.ae