Showing posts with label Jumeirah Village. Show all posts
Showing posts with label Jumeirah Village. Show all posts

Monday, October 26, 2009

Dubai Land Department lauds timely delivery and handover of ‘Le Grand Chateau’ project




Dubai Land Department lauds timely delivery and handover of ‘Le Grand Chateau’ project

Al Fara’a Properties commended by Nakheel for being first to deliver in Jumeirah Village

October 26, 2009

The Dubai Land Department (DLD), the UAE’s lead government agency on affairs concerning land and private properties, has lauded Al Fara’a Properties, a member of the Al Fara’a Integrated Construction Group, for the timely completion and handover of its AED 225 million ‘Le Grand Chateau’ (LGC) project in Jumeirah Village. In addition, Nakheel Properties, the master developer of Jumeirah Village, also commended Al Fara’a for being the first to deliver in its high profile community development and for completing the project six months before its scheduled 2010 deadline. The announcement follows a recent handover ceremony held at ‘Le Grand Chateau’, which was attended by officials from DLD, Nakheel and the Al Fara’a Group.

Ideally located at the heart of Jumeirah Village, ‘Le Grand Chateau’ draws inspiration from the architecture of the 16th century Chateaux of the Loire Valley in France. The development comprises 15 luxurious four-bedroom G+2 townhouses, a residential block with a total of 185 apartments, and a range of amenities including a gymnasium with aerobic facilities as well as entertainment and lifestyle areas, which will ensure that all residents, including some 50 families who have moved in and the others that will follow them, enjoy a sense of community in an ideal setting. Over and above its impressive design, all aspects of the project - from furniture to lighting - have been carefully selected and blended to ensure a consistent themed ambience throughout the development.

“We are extremely humbled by the praise and votes of confidence given to us by officials from the Dubai Land Department and Nakheel,” said Natasha Gangaramani, Director, Al Fara’a Properties. “We have built ‘Le Grand Chateau’ with a lot of attention to detail and based on the rich learning and study of lifestyles that we have established in the last three decades. The Al Fara’a Group has a wealth of knowledge, experience and expertise and ‘Le Grand Chateau’ reflects the 360 degree care and intelligent approach we have towards our developments.”

Officials from the Dubai Land Department emphasised their focus on ensuring the health of the Dubai property market to sustain its global position as one of the most competitive property destinations.

Sultan Butti Bin Mirjin, Director General, DLD, said, “The Dubai Land Department wishes to congratulate the first batch of tenants on their move into ‘Le Grand Chateau’ and for the excellent investment they have made with this exceptional project. We also congratulate Al Fara’a Properties for meeting their scheduled delivery, and for taking great pains to prioritise and care for every aspect of their client’s lifestyle and community needs. The DLD continues to provide support for developers like Al Fara’a, who despite the impaired market conditions still managed to honour their commitment to on-time delivery of projects.”

The Al Fara’a Group has provided LGC investors access to flexible financing options for the project through Abu Dhabi Commercial Bank (ADCB). To ensure a consistent theme across the project, the leading property developer has partnered with Al Huzaifa Furniture to bring occupants a range of décor ideas centered on classic Italian furniture in a contemporary modern setting. LGC tenants are also offered special rates on the leading furniture company’s latest collection and its turnkey interior design services such as design consultancy, concept designing and custom interior solutions.

At the handover ceremony held at Le Grand Chateau on 30 September 2009, Nakheel, the master developer of Jumeirah Village cited Al Fara’a as an innovative developer that consistently pushed boundaries to deliver in line with their goal of Jumeirah Village as a luxury community that exceeds the expectations of investors for years to come.

“Al Fara’a Properties is an outstanding developer and it has been a true pleasure working with them to deliver this project. As the master developer of Jumeirah Village, it brings us great pride that our community project is the home of this exceptional new development, for which we have established a synergy that Nakheel and Al Fara’a Properties share. We are eager to see more high quality projects from this developer to rise amidst our communities,” said Chris O’Donnel, Chief Executive Officer, Nakheel.

Al Fara’a Properties has two other luxury residential projects within Jumeirah Village - the ‘The Manhattan’, and the ‘Mulberry Mansions'. Inspired by the urban residences of 1930’s New York, ‘The Manhattan’ will offer 355 units, which comprise a selection of studio, one-, two-, and three-bedrooms apartments; while ‘Mulberry Mansions' will provide 12 Victorian-styled two-storey townhouses, incorporating four bedrooms, a private two-car garage, a terrace, a balcony, maid’s room with separate access, and a small private garden.

“We are grateful to the Rulers of the UAE for their vision and exemplary leadership, to the Dubai Land Department, to Nakheel, to our banking partners and our clients for their support and zest to make this project come alive. We believe that delivering a development is far beyond just delivering habitable spaces. Rather, it is the delivery of a community and a lifestyle within the development. We choose and meticulously plan the colours, finishes, design angles and circulation within the buildings. Our sustained commitment to deliver outstanding development projects and our excellence in planning diligently has allowed us to complete the ‘Le Grand Chateau’ project way before the deadline. We also strongly believe that the Jumeirah Village master development is a prime commercial and residential venue,” concluded Gangaramani.

About Al Fara’a Integrated Construction Group:
Al Fara’a Integrated Constriction Group has a solid track record of three decades, executing prestigious projects in the UAE, and building a reputation for delivering outstanding client value and completing projects on time and within budget. It is a conglomerate of leading business entities including Al Fara'a General Contracting, Unibeton, Belgium Aluminium and Glass and Al Sabbah Electro Mechanical.

Unibeton is the market leader in ready mix concrete, and recently created history by pouring a record 22,000 m3. of concrete in less than 35 hours at Al Attar Sky Spiral, Dubai. Belgium Aluminium and Glass is UAE's largest service provider for the fabrication and installation of aluminium and glazed structures and decorative metal work. Other business entities of Al Fara'a Group deal in contracting, precast, joinery, and steel structure, covering the entire domain of the Construction Industry. Led by a team of experienced engineers, managers and technical experts, Al Fara’a Construction, Property and Industrial Group utilises the most advanced technology and offers multidisciplinary services through one client interface, which reduces costs, simplifies the most complex projects, and enables the company to deliver premium value to the client.

About Al Fara’a Properties
Al Fara'a Properties was established by Al Fara’a Construction, Property and Industrial Group, and leverages the Group’s three decades of experience to build a world-class, professional and client-oriented property development arm. The services offered by Al Fara'a Properties include property development, sales, management, investment portfolio, facilities management, leasing and corporate client consultancy. Born out of the Al Fara'a Group's core values of integrity, customer satisfaction, building partnerships, ethical and professional service delivery, and commitment to enhance customer value, Al Fara’a Properties will keep on track to become one of the premier developers in the region.

Sunday, July 26, 2009

Property prices in Jumeirah Village climb by up to 30 per cent since January ‘09





Property prices in Jumeirah Village climb by up to 30 per cent since January ‘09

Memon Investments’ ‘Gardenia I & II’ project offers high-value units within Jumeirah Village community development

July 26, 2009

Property prices in Jumeirah Village have climbed by 5 to 30 per cent from their low levels in January this year, according to recent reports, signifying an early recovery for the Dubai property market, which has witnessed a nine-month period of decline. Driven by its commitment to offering high-value units within the Dubai’s most luxurious community developments, Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, is fast-tracking the construction of ‘Gardenia I & II’ - a project strategically located in Jumeirah Village. Master developed by Nakheel, Jumeirah Village is set to provide authentic Mediterranean-inspired residential, commercial and retail space.

According to recent reports, the 811-hectare integrated master community has not been impacted to the same degree as the large number of residential properties in various locations across Dubai, and thereby presents a more profitable investment option for property purchasers today. Consequently, an increasing number of investors are reportedly looking at Jumeirah Village for a more solid investment opportunity with a lower risk percentage. As one of the first to develop within the Jumeirah Village development, Memon Investments has reported increased demand and inquiries for its ‘Gardenia I & II’ project.

“Our capacity to identify the best master developments to build our projects in, not only in terms of facilities and prestige but more importantly in their potential to provide excellent investment returns, is the foundation of our strength as a developer,” said Ahmed Shaikhani, Managing Director, Memon Investments. “We take pride in bringing to customers a variety of property units that address their requirements in luxury and style; however, we believe that we have also proven ourselves as an organisation that is dedicated to fulfill our promises to our clients amidst the rise of difficult challenges.”

Located near the Cultural Centre and the renowned Central Park, Memon Investments’ 5-storey residential development will incorporate studios, one and two-bedroom units; lavish townhouses and loft apartments, with retail units on the ground floor. Based on the vision of Dimensions Engineering Consultants (DEC), it was splendidly designed with stuccoed walls, tiled roofs, rustic arches, solid wrought iron balcony grills, carved doors, ornamental spiral columns, marble flooring and thematic and floral patterns. Two leading suppliers and contractors are also collaborating for the project, including the International Foundation Group (IFG), who is undertaking the AED 2.4 million shoring and excavation contract; and Shanghai & Arabian Electromechanical LLC (SAE), who will install high-speed elevators within the towers.

“The first of our projects in the ‘Gardenia’ series remains one of the most-awaited developments in Jumeirah Village, and we would like to reiterate that we are consistently up to the challenge of satisfying the ever-discerning tastes of our target market. We are proud of how long we have achieved in the construction process of this excellent development, which is due to our collaboration with some of the best construction partners in the region,” concluded Shaikhani.

Monday, May 25, 2009

Early adoption of sustainability technologies in construction lessens cost impact of LEED credits

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Early adoption of sustainability technologies in construction lessens cost impact of LEED credits

Memon Investments stands firm in commitment to adhere to Dubai ‘green building code’ across future projects

May 26, 2009

The adoption of sustainability technologies early on in the construction process has proven to lessen the cost impact of achieving a holistically sustainable design and satisfactory Leadership in Energy and Environmental Design (LEED) rating, according to recently conducted industry estimates. In line with this, Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, revealed its firm commitment to adhere to Dubai’s ‘green building code’ from the primary stages of construction of its five new projects within Jumeirah Village (JV), which are collectively valued at over AED 1.3 billon.

According to the same analysis, the on-cost for the buildings to achieve ‘LEED Gold’ ranges from an additional 1 per cent to 3 per cent depending on the building type; however, if sustainable design is integrated into the project from the start, additional on-costs for sustainability can be lowered. Furthermore, the costs for achieving ‘LEED Gold’ for buildings that did not benefit from early integration would be between 9 and 19 per cent more than standard. In line with its aims to ensure the success of its environmental initiative, Memon Investments has recently partnered with the Middle East Centre for Sustainable Development (MECSD), who will be responsible for the implementation of sustainable development and ‘green technologies’ for its projects in Jumeirah Village.

“Our efforts to adopt and implement ‘green’ initiatives are part of our commitment to give back to our customers for their unwavering support for all our projects,” said Ahmed Shaikhani, Managing Director, Memon Investments. “By taking these steps, we are increasing the potential of our projects to yield higher investment returns while effectively reducing ecological footprint, which is one of the common offshoots of rapid advancement of developing economies such as Dubai.”

‘Gardenia I & II’, an AED 150 million project located in Jumeirah Village, is the latest project launched by Memon Investments, and among its five developments to undergo ‘green building’ processes to achieve LEED Gold rating. Marking the developer’s initial foray into Jumeirah Village, the luxurious residential development features a total of 170 residential apartments. Designed by Dimensions Engineering Consultants (DEC) to offer residents Mediterranean-inspired units, the project has an escrow account with the Commercial Bank of Dubai in compliance with the requirements of the Real Estate Regulatory Agency (RERA) and the Dubai Land Department (DLD).

“During a period when merely designing and constructing sustainable designed buildings is not enough; we at Memon Investments believe that it is also vital to ensure that the operation of the facility after occupancy is done in line with ‘green building’ concepts. Consequently, we have strategic and outlined plans to implement water and energy efficiency initiatives across all our projects to gain actual results and sustain the success of our efforts for the benefit of both our customers and the environment,” concluded Shaikhani.
 
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