Month: September 2015

Sharjah Waterfront City makes its debut at Cityscape Global 2015

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 Sharjah Oasis Properties, one of the region's premier real estate developers, announced the successful launch of Sharjah Waterfront City, its flagship project in the Emirate of Sharjah, at a press conference at Cityscape Global 2015 in Dubai, United Arab Emirates (UAE).

The press conference was co-hosted by Haitham Al Masri, Chairman of Sharjah Oasis Real Estate, and Sheikh Abdullah Al Shukra, Chairman of Al Hanou Real Estate.

Commenting on the launch of the project, Haitham Al Masri said: “The launch of Sharjah Waterfront City is in line with Sharjah's development plans, which aim to attract more than 10 million visitors to the emirate by 2021. These important development plans will undoubtedly increase the demand for residential and commercial units, as well as the demand for modern hotels and leisure facilities, especially in key areas. We are proud that this project will enable us to meet the growing demand for the highest quality residential and leisure facilities.”

Sheikh Abdullah Al Shukra, Chairman of Al Hanou Real Estate, said: “Our significant investment in the Sharjah Waterfront City project is based on our belief that this project holds promising opportunities and will be a key pillar of Sharjah's tourism vision for 2021. We appreciate the great efforts made by Sharjah Oasis Real Estate Company in the development and construction of the various phases of the project.”

 

Sharjah Oasis Properties has signed an agreement with Dusit Hotel - Waterfront City and Shaza Hotel - Waterfront City (Kempinski Hotels), which will be the first two hotel properties to begin construction on the project. The hotels are expected to begin construction by the fourth quarter of 2016 and are expected to open by 2019.

The 5-star Dusit Waterfront City will feature 200 different hotel facilities including a men's and women's health club, fitness center, swimming pool, meeting rooms and a business center.

Shaza Hotel - Waterfront City, which meets international standards for five-star hotels, will feature approximately 300 hotel rooms and 350 hotel apartments. The hotel will feature a health club, fitness center, food and beverage outlets, conference and meeting facilities, a children's club, a library, recreational facilities, retail and parking areas.

Sharjah Oasis Real Estate also announced the signing of an agreement with the Investment Bank to finance the first phase of the project.

Sharjah Waterfront City has been redesigned to blend in with the natural environment while incorporating elements of luxury and modernity. The city is a model for integrated residential projects that meet the needs of the family, where residents and visitors will feel the beauty of the place and the luxury of the atmosphere in every detail.

Sharjah Waterfront City will span 36 kilometers of waterfront on a total area of approximately 60 million square feet. The project will include state-of-the-art residential, commercial and tourism facilities.

Cityscape Dubai 2015 launches 11 projects worth AED 45 billion on its first day

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Reading time: < 1 MinuteCityscape Dubai 2015 featured 11 new projects, with an estimated cost of 45 billion dirhams, on the first day of Cityscape Global 2015, Six semi-governmental and private real estate development companies led the project launches on the first day of the exhibition, led by «Dubai World Central,» «Nakheel,» «Dubai Real Estate Group,» the Dubai Multi Commodities Center, Damac, and Tatweer… Read more

UAE's Miral wins Best Existing Retail Project at Cityscape Awards

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Reading time: < 1 Minute  During the Emerging Markets Real Estate Awards ceremony honoring the world’s best real estate projects and designs, held at the Conrad Hotel in Dubai, the exhibition’s organizers announced that Abu Dhabi-based developer “Miral” had won the award for Best Existing Retail Project for its “Welcome Pavilion & Cascade Dining” project as part of the Cityscape Emerging Markets Awards.Internationally, projects such as … Read more

To develop the date and water manufacturing ecosystems “MARIAT has industrial alliances with several European countries

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Reading time: < 1 MinuteIn recent years, “Mariyat” has formed partnerships with a number of major European manufacturers in Germany, Spain, and Italy to provide a global manufacturing system, the impact of which is reflected in the quality and safety of the final product, This comes as a large number of date processing plants are moving to export their products to various countries around the world, as well as to introduce non-traditional industries—or what are known as manufacturing industries—… Read more

Sales total 330 million riyals… Prices at the Riyadh Elite Auction bring relief to landowners—and land speculators

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Reading time: 2 MinutesThe elite auction organized by the State Property Authority at the Ministry of Finance, in cooperation with the Real Estate Contributions Committee at the Ministry of Commerce in Riyadh, was a great success in terms of the quality of attendees, which had a positive impact on sales, with the total value of sales for 72 plots reaching approximately 330 million riyals, while the Ministries of Interior and Islamic Affairs requested the reservation of 12 plots of land for their respective needs. … Read more

Local cement companies' sales rise to 40.7 million tons in 8 months

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Construction cement.

Reading time: < 1 MinuteTotal sales for the 15 Saudi cement companies rose by 18% in August 2015 to reach 4.89 million metric tons, compared to sales of 4.16 million metric tons recorded during the same month in 2014. Meanwhile, sales by domestic cement companies rose by 8 %, equivalent to 40.7 million metric tons, over the course of 8 months … Read more

“Kingdom Hotel Investments sells its stake in Kenya hotel for SAR 68 million

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Reading time: < 1 Minute  In a deal worth a total of 68 million riyals, Kingdom Hotel Investments (KHI)—a wholly-owned subsidiary of Kingdom Holding Company, whose board of directors is chaired by His Royal Highness Prince Al-Waleed bin Talal bin Abdulaziz Al Saud— its 75% stake in the “Safari Club Fairmont Mount Kenya” hotel to a private Kenyan company. Commenting on this transaction … Read more

Experts at Cityscape Dubai 2015 enumerate real estate investment incentives in the UAE

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Reading time: < 1 MinuteAt Cityscape Dubai 2015, a number of experts and specialists emphasized the attractiveness of the United Arab Emirates for real estate investments of all types and specializations; This is due to the country’s commitment to enacting laws and regulations designed to attract capital and protect investors, as well as the quality and readiness of its infrastructure and high standards of living. All of these factors serve as attractions and incentives for investment in the country’s real estate sector. … Read more

Turkey throws its weight behind real estate at Cityscape Global 2015, UK second

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The participation of foreign companies in the Cityscape Global 2015 exhibition The exhibition management welcomed the great role played by these companies in the development and development of the region, and in this regard, the director of the exhibition, Wouter Mollmann, pointed out the large and important Turkish participation, as it represents a strong strengthening of the growing economic relations between Turkey and the countries of the region, pointing out that the Turkish pavilion includes 50 real estate and engineering exhibitors representing the largest Turkish companies, and an exhibition area of 4000 square meters was allocated to it, making it the largest national pavilion in the exhibition, and this growth in participation comes as a result of Turkey's adoption of the Exchange of Concessions Law.

Moolman also praised the participation of the United Kingdom, which was second only to Turkey in terms of participation in this edition. He emphasized that London in particular is one of the most attractive cities for GCC investors, with many investment opportunities in the UK being promoted during the show, ranging from developments in high-profile areas around London, to student housing in other cities across the country.

It is worth mentioning that the show witnessed exceptional growth in its 2015 edition, and the total exhibition area was increased by 30% to 40,000 square meters to meet the demand from 300 exhibitors from 30 countries.».

Moleman: 65 % share of UAE companies at Cityscape Global 2015

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Reading time: < 1 MinuteIn remarks to the press, Fauter Molman, director of Cityscape Dubai—which is currently being held in Dubai—stated that Emirati real estate development companies accounted for 65% of the total number of exhibitors at «Cityscape Global 2015,» compared to 35% for companies from outside the country. Molman attributed the increase in participation from abroad to global interest in the local real estate sector. Molman explained that 20 … Read more

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