Real Estate

Officials break ground at Flamingo Villas.

Officials break ground at Flamingo Villas.

News in brief

June 2014

RAK Properties launches Flamingo Villas

RAK Properties, Ras Al Khaimah’s biggest property developer, has broken ground for its landmark development project, Flamingo Villas, which forms part of the popular Mina Al Arab development.

This follows the recent award of the construction and maintenance contract to the Al Nuaimi Group, one of the UAE’s leading construction and development companies. Under the terms of the contract, Al Nuaimi will carry out the construction, completion and maintenance of the project’s 124 waterfront villa units and will also supervise the infrastructure works development for the Precinct 12 area of the Mina Al Arab project.

The announcement of the Flamingo Villas project at last year’s edition of Cityscape Global generated an overwhelming response, which prompted RAK Properties to increase the number of planned villas for the project. Hailed as a landmark development undertaking for the emirate, the Flamingo Villas project is a series of villas overlooking the Arabian Gulf and the Mina Al Arab Lagoon.

Each unit will present owners with a spectacular sea view of the Ras Al Khaimah coastline along with a wide range of amenities like separate swimming pools for adults and children, play area, a multipurpose court and wide green turf areas. The project falls in line with the high standard of living in Mina Al Arab and clearly reflects the RAK Properties motto of ‘Living closer to nature’.

Mina Al Arab is a new waterfront community in Ras Al Khaimah where lush landscaping, protected coastal wetlands and natural pristine beaches come together with homes, hotels and world-class amenities.



Nakheel to build $191m Warsan Village

Dubai developer Nakheel has awarded a contract worth Dh700 million ($191 million) to Ginco General Contracting for construction of its Warsan Village Community in Dubai, UAE.

The contract covers the construction of 936 townhouses at Warsan Village, its new, gated community located south-west of International City, says a report by Gulf News.

Spanning 47.5 hectares, Warsan Village will also feature a recreation centre, mosque and 250 apartments set above a retail plaza with 365 outlets. Construction contracts for these will be awarded at a later date.



Cluttons to manage The Lagoon

The Lagoon at Amwaj Islands.

The Lagoon at Amwaj Islands.

Cluttons, a leading Middle East real estate consultant, has been appointed to provide facilities management, leasing and tenant liaison services at The Lagoon retail development, Amwaj Islands, Bahrain.

Comprising more than 55,000 sq m of commercial retail space, The Lagoon lies at the heart of Amwaj Island development just off Muharraq island.

Harry Goodson-Wickes, head of Cluttons Bahrain, said: “We are delighted to win this significant instruction which demonstrates our strength in the market at a time when our new brand direction has recently been unveiled. A number of leasing transactions have recently taken place within the Lagoon, providing us with a strong indication of the rental tone for the development as a whole. There are a few remaining units available but we expect to reach full occupancy shortly.”



Anjum Hotel to offer novel services to pilgrims

Yousef Abdul Latif Jameel, chairman of ALJREIC.

Yousef Abdul Latif Jameel, chairman of ALJREIC.

Abdul Latif Jameel Real Estate Investment Company (ALJREIC) has indicated that it has invested a total of SR10 billion ($2.66 billion) on the development of Jabal Al Ka’aba in Makkah, Saudi Arabia of which SR4 billion ($1.06 billion) has been allocated for the development of the 1,743-room Anjum Hotel.

The Anjum Hotel is the largest and the first hotel in the project. It will introduce a novel hotel concept to Saudi Arabia, representing a perfect blend of spirituality and genuine Hijazi hospitality, says a company official.

The Anjum Hotel will offer exclusive services including, for instance, a dedicated guest centre to respond to the various requests of the guests; a ‘Manasek Desk’ to assist guests throughout their religious rituals; and the Kids World featuring a specialised, trained team to look after children.

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