Real Estate

News in brief

May 2014

Barwa plans major projects

QATAR-based Barwa Real Estate has revealed plans to launch a number of residential and commercial projects throughout the country this year.

These include the Fox Hills North residential project proposed for the city of Lusail, which will feature 3,000 units, according to chairman Salah bin Ghanim Al Ali.

Phase One of the project, known as Dara, will be offered to the public this year.

Construction work is also expected to start this year on Barwa Al Doha, located on the eastern boundary of Barwa Village. This will be developed as retail space catering to local merchant traders, Al Ali said.

Meanwhile, the company is spearheading the development of Barwa Al Baraha Phase Two.

Phases One and Two of the project are expected to accommodate a total of 53,000 workers, making it the largest workers accommodation in the GCC, according to Al Ali.

In other developments, Barwa Al Sadd Hotel tower, which was sold to Katara Hospitality, is almost complete and will start operations shortly.

Another of the company’s major developments, the Barwa Al Khor residential project consisting of 300 residential apartments and 50 villas for Qatar Shell staff, is on target and is expected to be completed in the fourth quarter of this year.


New sales arm for Cayan Homes

Alhatti ... diverse portfolio.

Alhatti ... diverse portfolio.

With Cayan Homes, as it’s called, the company now not only aims to offer key projects in Saudi Arabia and the UAE but to also present other international opportunities that are available or requested by clients through strategic alliances that Cayan Group maintains with leading international firms.

Ahmed Alhatti, chairman of the board, Cayan Group, says: “The launch of Cayan Homes could not have come at a better time as both Saudi Arabia and the UAE’s real estate industry remain vibrant and booming.

“The market is buzzing with potential buyers and investors and Cayan Homes is the perfect partner to help them look for the right investment, home or commercial space. Our team of dedicated real estate professionals are always on hand to serve our clients – giving them the full confidence of acquiring the most advantageous deal and best experience. Cayan Homes uniquely caters to all its clients, therefore, offering flexible brokerage solutions.”

Cayan Homes offers a diverse portfolio of solutions that range from sale and leasing of residential and commercial properties, property management to facilities management and many others. The subsidiary will also offer special services such as after-sales, creation of specialised IDs and fit-outs with qualified contractors.


Arabian Ranches to expand

Samara villa ... a rendition.

Samara villa ... a rendition.

Buoyed by robust investor interest in homes within Arabian Ranches, in Dubai, UAE, Emaar Propertie has launched Samara villas as the latest expansion to one of the city’s most sought-after communities.

Inspired by Spanish coastal architecture, Samara comprises 177 three- to five-bedroom villas offered in four styles for families seeking a relaxed lifestyle. It also features a large retail centre, specialty food and beverage outlets, salon, dedicated healthcare centre, day-care centre and schools within the community.

Ahmad Al Matrooshi, managing director, Emaar Properties, says: “Samara provides families with a spectacular choice of villas that meet all their lifestyle needs. The launch of Samara underlines the growing demand for family-oriented communities in Dubai.”

Located at the crossroads of Al Qudra and Sheikh Mohammed Bin Zayed Road, Samara will offer residents easy access to Dubai’s main hubs including Dubai Marina, Dubai Media City, and Dubai Internet City.

Emaar is also offering long-term investors and end-users the opportunity to benefit from its Preferred Access programme. Investors who make a down payment of 30 per cent of the total value of the property and maintain ownership until hand-over is completed, will be offered preferred access and the opportunity to own homes, subject to conditions, through this new customer-oriented initiative.


Sanctuary Falls on track

A villa at Sanctuary Falls.

A villa at Sanctuary Falls.

SHAIKH Holdings has confirmed that works are progressing successfully at its Dh1.1-billion ($299.5 million) Sanctuary Falls project in Jumeirah Golf Estates, Dubai, UAE.

The handover of the 97-villa luxury community will commence by the fourth quarter of this year, says an official of the Dubai-based real estate investment and development company. The project is being built by Arabtec Construction, a leading engineering and construction company specialising in complex projects in the Middle East and North Africa (Mena) region.

Imran Shaikh, CEO of Shaikh Holdings, says: “Arabtec is undoubtedly one of the premier contractors in the region and shares our commitment to quality. Arabtec has a distinguished track record of excellence and stands out as a leader in delivering signature residential projects in the GCC. We strongly value our relationship with Arabtec, and look forward to the completion and handover of Sanctuary Falls.”

Sanctuary Falls is claimed to be the only project in Dubai that provides buyers with the ability to fully customise their floor plan with Shaikh Holdings’ bespoke villa team and includes many innovative features such as basements, lifts and state-of-the-art home automation. The quality offering at the development has attracted a host of high-profile residents including Bollywood celebrities.

Less than 10 villas currently remain for sale in the project with all featuring prime golf-course views. The villas have all been conceived and created by world-renowned hotel and resorts architects, interior and landscape designers to offer a high standard of resort living. Golf enthusiasts can also benefit from access to two 18-hole championship courses – Earth and Fire – as well as the Golf Academy and European Tour Performance Institute. Set amidst lush golf vistas and inspiring lakes, Sanctuary Falls is an award-winning community overlooking the Greg Norman-designed Earth golf course, home of the DP World Tour Championship.


Infrastructure work on Al Nada complete

Al Kadi ... rapid progress at Al Nada.

Al Kadi ... rapid progress at Al Nada.

KEY infrastructure work on the Al Nada project in Dammam, Saudi Arabia, has been completed, according to Injaz Development Company, a leading real estate development and management company.

The 120,000-sq-m project is strategically located in a well-developed residential area in Al Nada District close to the new Riyadh Road and Abu Bakar Al Siddiq street intersection to the south of Al Faisaliya District.

The area, which will feature 149 residential plots as well as one plot for a park, boasts vital infrastructural facilities such as lighting, electricity, sanitation and rainwater drainage along with a network of wide streets measuring 15 m, 20 m and 30 m, among other basic services.

Oman Al Kadi, CEO and managing director, Injaz Development Company, says: “We are delighted to announce the rapid progress being made in the Al Nada project in Dammam. The successful conclusion of the infrastructure works reflects the efficient and dedicated efforts exerted to achieve its deadline and specified goals. Based on the inputs from our target customers, we are confident of achieving a huge success during the upcoming sales campaign of the project.”

He says the strategic location, infrastructural facilities and amenities and high standard specifications of Al Nada project will help provide one of the finest real estate and construction opportunities that will match the current demand arising in the kingdom’s largest province.

Meanwhile, Injaz has also revealed the opening of a designated on-site local sales centre, which is expected to serve the needs of potential buyers wishing to inquire about the project.


Fairview Residency starts giving away keys

DUBAI-based Deyaar Development has started the scheduled handover of all residential units at Fairview Residency in Dubai, UAE, to home owners.

Located in close proximity to Burj Khalifa District, the 18-storey residential property features 172 units comprising stylish studios, spacious one-bedroom and two-bedroom apartments.

“The completion and handover of the Fairview Residency project reinforces Deyaar’s commitment to delivering projects that not only comply with promised timelines but also reflect premium international quality and services. Our success marks a key milestone in our ability to shape an upscale residency that offers world-class amenities,” says Saeed Al Qatami, the company’s CEO.

The development is surrounded by sustainable landscapes, a premium shopping mall and comprises world-class amenities.

Deyaar says it has sold out the project offering attractive and flexible payment terms with 50 per cent of outstanding balance to be paid on handover.

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