THE EMAAR PROJECTS NEWSLETTER
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- Lynette Bruce
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1 Welcome to the fourth edition of the Emaar Projects Newsletter. Emaar Properties is the global developer and provider of premier lifestyles, the pioneer of iconic projects and master-planned communities. Statistics reported from the Dubai Land Department (DLD), show that investment in Dubai s real estate market totaled Dhs 35 billion in the first quarter of 2014, an increase of 57% from the same period last year. Average prices increased 33% year on year and although the increase has stabilized, it is expected to continue throughout the year as projects related to the World Expo are announced.
2 EMAAR DEVELOPMENT STATUS At Emaar, we continue to add a significant number of master-planned communities to our portfolio, all of which set new benchmarks in premier living, re-define luxury living and further consolidate our expertise, commitment and financial strength. Arabian Ranches I The extensions to the Arabian Ranches community are progressing well, with Alma II completed ahead of its 30 June completion date. Aseel is a beautifully designed development, configured for family-centric living and features 55 four to seven-bedroom villas. Currently in the concept design stage, this project was launched in May 2014 and has a scheduled completion date of April Arabian Ranches II CASA, which features six types of Moroccan-style, three and four-bedroom villas, is on schedule for its November 2014 completion date, with MEP works and internal finishing ongoing and landscaping in progress. CASA CASA Palma will be home to four individual designs of three to five-bedroom, Spanish-inspired villas, surrounded by green spaces, walkways and lifestyle amenities. Infrastructure works have been completed and building works are about to start, the development having a scheduled completion date of April Rosa, Lila, Rasha, Yasmin and Samara are the latest extensions of the Arabian Ranches community. For Rosa, a development comprising 144 Spanish and Arabesque-inspired homes, tender documents have been submitted and shallow services have been completed on site, moving towards an anticipated completion date of October Construction of other phases is advancing well, with schematic and detailed designs well underway for Lila, home to 219 three to five-bedroom villas and with a completion date of February Both Rasha and Yasmin are also in the schematic design phases with completion dates of June 2017 and August 2017 respectively. Rasha will comprise 140 two-tiered villas, inspired by coastal Spanish architecture and Yasmin will be home to 98 Arabesque villas. The newest community, Samara, is the next chapter in Arabian Ranches living. Comprising 177 villas, the concept design is currently underway with an anticipated completion of October 2017.
3 Downtown Dubai A five star, luxury hotel featuring 200 rooms and 533 serviced apartments, The Address The BVLD has concrete and vertical walls in progress which are 22% complete. The anticipated completion date for the project is November The Opera District is a stylish arts destination which will be located in Downtown Dubai and will be the UAE s new cultural centre. It will house Dubai Opera, the country s first opera house and a dedicated museum of modern art as well as featuring luxury hotels, elegantly designed apartments, a retail plaza, recreational spaces and parks. At the heart of The Opera District is Dubai Opera, a 2,000-seat, multi-format theatre. The design of Dubai Opera is deeply rooted in Dubai s maritime history, with the Arabian dhow becoming the inspiration behind the architecture of the building. Piling and raft construction is now complete and the basement structure is 60% complete with MEP and structural steel works in progress. Piling works are also complete for Opera Plaza with the basement structure being 35% complete and MEP and structural steel works in progress for this also. Both have an anticipated completion date of January The Address Residence The BLVD Dubai Opera The expansion of The Dubai Mall, the world s largest shopping and entertainment destination has commenced in preparation to welcome over 100 million visitors annually. With the first phase expansion of 1 million sq. ft., the fashion portfolio of the mall will be further strengthened, enhancing the city s high-end retail offering with the addition of personalized, flagship stores of the world s most renowned brands. The overall expansion will also bring in other high-end lifestyle and entertainment brands to the mall. Enabling works are almost complete and main works started in January This huge expansion is scheduled to be completed by March In its iconic location within the world s most prestigious square kilometre, The Address Residence Fountain Views is the only dedicated, serviced residences project in Downtown Dubai. The development will feature 794 residences of various sizes and offers a unique investment opportunity. There are three tranches of the project which are due to complete in April 2016, September 2016 and March Two basements and ground slabs have been cast for FV 1, the first basement slab has been cast for FV 2 and foundation works are almost complete for FV 3.
4 Comprising a spectacular 50-storey hotel, residence and serviced apartment complex, The Address Residence Sky View is set to redefine luxury living in Downtown Dubai. Piling works are complete and excavation and raft works are in progress on this iconic landmark, with a completion date for the project set for March The Address Residence Fountain Views The Address Residence Sky View Burj Vista will consist of two identically designed towers hosting 640 luxury, residential units and 8 penthouses. The 20 and 66-storey towers will be home to lavish terraces and spectacular views of Downtown Dubai. Shoring and piling work is complete and a main building contractor is on board, with a planned completion date of June Vida Residence Downtown Dubai will be a 57-storey tower of serviced apartments, adjacent to and with a link bridge to Vida Hotel. With a scheduled completion date of May 2018, the concept has been approved and the schematic design is in progress. Situated on the Mohammed Bin Rashid Boulevard, BLVD Crescent comprises two residential towers of 38 and 20 levels. With a view to completion in July 2018, concept and schematic design works are underway. Boulevard Point is a 63-storey tower boasting unparalleled views of Burj Khalifa, The Dubai Mall and Old Town. The schematic design has been submitted, with detailed design and piling works about to start. The planned completion date for this project is October Opera Grand is an exclusive residential tower situated at the heart of The Opera District in Downtown Dubai. This new, luxury residence comprises 66 storeys of high-rise living, including 60 storeys of two to four-bedroom residences, two storeys of residential amenities and two storeys of cafés, restaurants and shops. The concept design is in progress and the completion date for this project is scheduled for January 2019.
5 Dubai Hills Show Villas Dubai Hills Show Villas Dubai Hills Estate A joint venture between Emaar and Meraas Holding, Dubai Hills Estate is a 2,700-acre, master-planned, mixed-use development which forms an integral part of Mohammed Bin Rashid City. The largest real estate development of its kind in the region, the development will comprise of a number of districts, featuring several villa and apartment types. The luxury villas at Dubai Hills, which launched late last year and early this year, have planned completion dates of November 2015 and May The design/tender stages have been completed and the main buildings are about to start. Phase 1 and 2 of Mulberry at Park Heights have an expected completion date of September The concept design is underway for these premium apartment blocks, which will feature a wide array of sporting and leisure amenities. Panorama Panorama at The Views will comprise of 224 exceptional, contemporary apartments, overlooking Emirates Golf Course and Dubai Marina. Finishing and MEP works are underway and on schedule for completion by November Panorama Panorama
6 Reem An exclusive gated community which sits just beyond Sheikh Mohammed Bin Zayed Road, Reem will provide residents with seamless access to an abundance of leisure amenities. Mira at Reem will be home to a collection of two-tiered townhouses with a Mediterranean influence. The development comprises five phases, four of which are due for completion in March Substructure works are underway for these phases with phase five at tender stage. Phase 5 of Mira has an anticipated completion date of March Infused with the heritage and beauty of the desert, Mira Oasis offers a choice of more than 1300 spacious, three and four-bedroom contemporary townhouses that come as cluster or terrace houses. The master plan concept has been approved and grading has begun at the site with phase one due for completion in December Phases two and three will follow in September 2018 and December 2018 respectively. The Hills Boasting spectacular golf course views and lush greenery, The Hills is an extension of the Emirates Living community and features 1 to 3 bedroom-apartments. The development will also focus on a green lifestyle through several energy and water-saving initiatives. Vida Residence The Hills will feature luxury, serviced apartments within the same community and residents here will be able to enjoy the VIDA hotel amenities as well as the world-class facilities available in The Hills. Shoring and piling works are complete for both developments, with The Hills working towards an August 2016 completion date and Vida Residence The Hills anticipated for completion in January 2017.
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