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Showing posts with label Downtown Dubai. Show all posts
Showing posts with label Downtown Dubai. Show all posts
Monday, October 27, 2014
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Monday, September 16, 2013
50% of building sold as investors splash out at pre-launch presentation of Burj Pacific development in Downtown Dubai
50% of building sold as investors splash out at pre-launch presentation of Burj Pacific development in Downtown Dubai
Over AED100 million invested in Burj Pacific
Dubai-based real estate specialist Sherwoods and property development company Pacific Ventures, which concluded a pre-launch presentation for local, regional and international investors in Dubai yesterday, have recorded sales of over AED100 million as investors, bought-in to the latest high quality development in the Downtown Dubai area – Burj Pacific.
Just over half of the 140 apartments in the development, have now been sold, ahead of the general sales release today (Monday 16 September). Sales were steady over the weekend with up to 500 investors over the two-day showcase.
“The sales figures prove that confidence has indeed returned to the Dubai property market,” said Sherwoods Founder and CEO Iseeb Rehman
“It is a quality development located in a sought after location. With prices starting at just over one million Dirhams for a one-bedroom apartment, Burj Pacific represents excellent value for money,” added Rehman.
In terms of investor profile according to Rehman, it was a cross-section of local and overseas buyers, including Asians, Arabs and Europeans. Rehman also estimated that 70% of the visitors were investors looking for buy-to-let opportunities with the remaining 30% being end users.
According to Rehman, the payment plan was also key. “The initial booking deposit is 15%, plus an additional 35% during the two-year construction period with 50% balance due upon completion in the second quarter 2016,” he said.
Indian celebrity Sohail Khan, the popular Bollywood actor and TV personality, gave the Sherwoods’ sales team a pleasant surprise, when he confirmed the purchase of several apartments, on a single floor.
“This is a family investment,” he said. “These apartments will make ideal homes when we all travel to Dubai,” he added.
Situated less than 500 metres from Burj Khalifa, the twenty-storey tower comprises of 140 one, two and three-bedroom apartments and three-bedroom duplexes. More than 60% of the apartments have a view of the iconic Burj Khalifa, due to its distinctive ‘L’ shaped design.
The eight floors that make up the ‘Signature Residences’ feature fully-furnished, exclusive contemporary interiors by Tony Ashai. The California-based award-winning architect is no stranger to the UAE, having worked on innovative projects such as Dubai Lifestyle City, Shah Rukh Khan Boulevard in Ras Al Khamiah and the Santori Resorts.
“The theme of this project is ‘Celebrate Life’ and judging by the response from investors, that is exactly what they intend to do at Burj Pacific.” said Parvez Khan, Chairman of Pacific Ventures the developer of Burj Pacific.
Another celebrity, Dubai-based TV personality, entrepreneur and fashion icon Uma Ghosh Deshpande, was also at the pre-launch as the official brand ambassador for the Burj Pacific.
“This development is genuine quality from the design, to the materials, to the finishing. I am happy to associate my name with the Burj Pacific,” she said.
The Burj Pacific was designed by architects H-AO which was founded by Manoj H. Rathod, who is working experience in Dubai encompasses a number of outstanding projects including the Marriott Marquis and the Grosvenor House hotel Dubai.
“To acquire an endorsement from such a high profile personality as Uma is praise indeed. It also highlights her confidence in the quality of this project, given the track record of Pacific Ventures and the combined talents of Manoj H. Rathod and Tony Ashai,” added Khan.
For more information, please call Sherwoods Properties on 04 432 8221
Photo caption 1: Burj Pacific, the latest high-end development in the Downtown Dubai area which is due for completion in 2016.
Photo caption 2: (L to R), Parvez Khan, Uma Ghosh Deshpande and Sohail Khan at the Burj Pacific pre launch in the Address Hotel Dubai Mall.
About Sherwoods:
Originally founded in the United Kingdom in 1988, Sherwoods have been established for nearly 25 years. As the market has grown and become more demanding, we have expanded our range of services in response. Through our extensive International network of associates, Sherwoods can ensure you are offered the best value and quality property investments. We have established lasting partnerships with some of the World's most respected property developers.
Monday, April 8, 2013
The Red Bull X-Fighters 2013 World Tour moves to Dubai for the second of its six stops this season, to Mohammed bin Rashid Boulevard in Downtown Dubai

Under the patronage of His Highness Hamdan bin Mohammed bin Rashid Al Maktoum,Crown Prince of Dubai and Chairman of the Dubai Sports Council
Pages is man to beat as Red Bull X-Fighter World Tour moves to Downtown Dubai supported by du
The Red Bull X-Fighters 2013 World Tour moves to Dubai for the second of its six stops this season, to Mohammed bin Rashid Boulevard in Downtown Dubai
DUBAI, UAE, 8 April 2013: Tom Pages of France will be looking to extend his lead at the top of the Red Bull X-Fighters World Tour at the second stop of the 2013 season, to be held in Dubai on April 12. The Dubai stop is supported by du under its live entertainment platform “du Live!“ and organized in association with Emaar and Ford. Pages will have the last two tour winners, Spain’s Dany Torres and New Zealand’s Levi Sherwood, hot on his heels at this hot stop in Dubai at a new location - Mohammed Bin Rashid Boulevard - Downtown Dubai, in the shadows of the tallest building in the world, Burj Khalifa.
Pages, who finished a close second to Sherwood in last year’s tour, the world’s most prestigious freestyle motocross series, was unstoppable in the 2013 season opener in March in Mexico City with a breathtaking display of FMX brilliance. Pages had the capacity crowd of 38,000 spectators gasping in disbelief in the thin air in Mexico some 2,240 meters above sea level with his incredible assortment of tricks that included jumps of up to 15 meters high and 30 meters in distance over mounds of dirt. Torres, who won in Dubai in 2011, and Sherwood, who won Dubai in 2012 en route to winning the World Tour, are looking forward to get revenge now that the tour is back near sea level. Torres and Sherwood, who finished second and third in Mexico City last month, vowed to work on new tricks for Dubai in an attempt to come out on top of Pages.
Coming in as a strong contender, Pages had this to say about his upcoming performance at the Dubai stop: “I am training very hard as the level of riders participating is very advanced. This is my first time in Dubai, and I look forward to discovering more about the city, the people and the track. Although winning is always a plus, I plan to make the most out of the stop by putting on a stellar show to win the people’s hearts. I will perform two all new tricks in addition to the Volt, Flair and Backflip, as we are lucky to have a quarter pipe on the track. I am very excited about this stop, and look forward to performing at the footsteps of the world’s tallest tower, Burj Khalifa.”
Hosted in Dubai for the third year in a row, Red Bull X-Fighters World Tour will make Downtown Dubai its home on the 12th, after having been hosted on the golden sands of The Walk at Jumeirah Beach Residence. The riders will have the heat to contend with in Dubai as well as the sand, a big challenge for the world's best FMX riders and their mechanics. The Burj Khalifa, which opened in 2010, stands 829 meters high and has 163 floors.
Red Bull X-Fighters Dubai 2013 is supported by du and organized in association with Emaar, Ford, Swatch as well as Bridgestone, Dubai Sports Council, The Dubai Mall and MBC Action.
Tickets are available on www.redbullxfighters.com, www.timeouttickets.com and all Virgin Megastore branches across the UAE.
Saturday, September 8, 2012
Friday, September 7, 2012
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