News
Diamond Investments hands over Marina Diamond V
Fares Saeed
Al Qudra Holding and Nippon Oil Take Concrete Steps on Joint Cooperation Agreement A delegation from Nippon Oil Corporation - the largeat petrochemical company in Japan - paid a visit to the headquarters of Al Qudra Holding – the first general investment company in Abu Dhabi - following the joint cooperation deal inked in Tokyo between the two parties back in December 2007. The visit signals the start of the implemen-
tation of a series of action plans, most urgent of which, is to conduct a study on the construction of a cement sulphate factory in the emirate of Abu Dhabi. The action plan stipulates that Nippon Oil will be responsible for the technical aspect of the project, while Al Qudra Holding takes on the marketing side of the study.
It’s worth mentioning that the MOU signing that was attended by H.E. Sheikh Abdullah Bin Zayed Al Nahyan has been one of the MOUs that were signed during the recent visit of Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, His Highness General Sheikh Mohammed Bin Zayed Al Nahyan to Japan.
Rent or buy? Sobha makes the decision easy with low-cost payment plans As more Dubai residents find themselves caught in the middle of the ever widening gulf of - to rent or buy a property, Sobha Group has the answer. The real estate developer has pledged to offer affordable housing options in the Emirate, with payment schemes equal to if not lower than monthly rental increments. Sobha Group has entered into talks with leading banks in the region to provide finance options with an EMI (Equated Monthly Instalment) equal to average monthly rental rates. The Group launched its first residential project, Sobha Daffodil at Jumeirah Village, in October. Attractive finance options saw the 178-unit project virtually sold out within weeks of its launch. Owners and investors were able to secure their units at Sobha Daffodil with a deposit of just 10% of the unit price. The payment 10
2008
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schedule for the balance amounts is then linked to project construction. Individual home finance is also available through Abu Dhabi Commercial Bank (ADCB). Sobha plans to follow its Daffodil success with more residential developments in the Emirate, all of which will offer affordable payment options. For those still caught between renting or buying in Dubai, Sobha’s new developments could prove a popular option, helping more people make Dubai their home. The Sobha Group expects to announce a regional portfolio of over AED 3.5 Billion by the middle of 2008, which will include a range of commercial and residential properties at premium locations in Dubai.
A continuous reputation for tailoring luxury apartments, at affordable prices, to meet their customers’ needs. Diamond Investments, the new class of property developers in Dubai, announced today starting the handover process of Marina Diamond V, the fifth in the series of six buildings in the Dubai Marina. Located in one of the world’s most luxurious neighbourhoods, Marina Diamond V with its 190 units consists of one and two bedrooms apartments and has several amenities including a swimming pool, children’s pool and a fully equipped gymnasium.
The Marina Diamond properties have dazzling views of the Marina and are within walking distance of the lively “Marina Walk”; a wide range of restaurants, luxury beach resorts and the new business districts. The Marina Diamond project offers the enchantment and effervescence of an elegant urban lifestyle. Fares Saeed, CEO of Diamond Investments said, “We are delighted to have completed the fifth of six towers in the Marina Diamond family. This is the result of years of hard work and planning. Watching the project come together successfully is a wonderful feeling and I am proud to present the keys to the first landlords. Since our inception we have worked with premium contractors, engineers and consultants to ensure we provide our valued customers with the quality homes they expect.” The 190 units were designed in line with Diamond Investment’s strategy to develop real estate that is of high quality at affordable prices. In addition to a great product at a great price, Diamond Investments offers a unique customer service program to all new tenants. A dedicated member of staff accompanies the buyer during the inspection phase and addresses any concerns that the new owner may have. A staff member will follow up during the inspection period to rectify any issues and remain vigilant to the customer once they have moved in to the premises.
Al Madar Property Investments to showcase over AED 600 million in projects at International Property Show 2008
Engineer Haydar Abdul Reda Mashhadi.
Al Madar Property Investments, a leading property developer in the GCC and part of the Al Madar Group, has announced that it will be showcasing its portfolio of high-profile projects worth a combined value of over AED 600 million as part of its extensive display in the International Property Show (IPS) 2008, the biggest transactional property exhibition in the region that was held in Dubai from February 17 to 19 February, 2008. Al Madar also displayed its latest development projects at IPS 2008, which are the Coopet, a mixed-use building located at a prime location in Dubailand; Siraj Tower, a mixed-use building located at the heart of Dubailand; and Paradise, a residential development in the heart of Lusail, Qatar.. Al Madar also exhibited its other offerings at IPS 2008, including a Hotel, and an office building in old Salata road; distinct Gulf developments whose excellent sales performance have greatly influenced the firm’s rapid growth. IPS 2008 featured prime real estate projects across the globe ranging from commercial properties to high and low-density residential developments, distinctive leisure and shopping centres as well as upscale resorts and hotels. The event was also regarded as a powerful networking platform that attracts high net-worth investors, and leading players in the local, regional, and international property markets, and other related industries. 2008
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