Property in Dubai

Property News Section concentrates on the events in real estate dubai. Property in Dubai is hilighted fully through this section.

Tuesday, December 29, 2009

Burj Dubai: World’s Tallest Tower’s Height is Still a Secret

Burj Dubai, the pride of Dubai’s growing role in this changing world is due to open on 4th Jan’10. This masterpiece is the flagship development in Downtown Burj Dubai property within Dubai. The exact height of this stunning piece of architecture is known only to few. The tower’s structural engineer, William Baker of Skidmore, Owings and Merrill LLP, said in an interview: “Its still a secret. The client (Emaar Properties) will only let us say it's more than 800 metres (2,625 feet) tall. It's part of the mystique of the project.”

According to Baker, if the tower’s height is measured by measuring its shadow then it would leave the current record holder building, Taipei 101, to the second position. Amongst 10 tallest towers, 7 are in Asia and have been built in the last 13 years.

However, Jan Klerks belonging to Council of Tall Buildings have expressed their interest in knowing the exact height of the tower. One of Klerks’ email said : “We have expressed this a number of times, but if there are reasons not to disclose it, then I guess we have to do without an official number. We also do not know why they chose not to disclose the number. The only thing we are sure of is that it is the tallest building in the world, and that it is at least 800 metres.”

As Baker has mentioned, the recent global financial slum has not hit the sales of the 1100, one to three bedroom residential apartments. The tower has some of the fastest elevators running up to the speed of 25 miles per hour. The steel and exterior glass of the building could be spread across 17 soccer fields, which would take 6 – 8 weeks to clean. In published reports, the tower’s cost has been at approximately $1.5 billion.

Labels: , , , , , , , , ,

Thursday, May 28, 2009

The Master Dubai Real Estate Developer- Emmar Releases Rent To Own Plan

Dubai based real estate developer Emmar has released its Rent to Own scheme in Downtown Burj Dubai. Now customers can lease the ready-to-move –in houses for one year. If the resident decides to purchase that property, this lease amount paid for a year would be considered the down payment towards that property. If the customer decides not to buy the property they can renew the rental agreement. The Rent to Own scheme was offered by Emmar in November 2008. This gained immense popularity as the buyers got a choice to live in the house, before they buy it. It was not only advantageous for a buyer, but also it was financially beneficial for the developer.

The Residences, South Ridge, Old Town Island and The Old Town residential clusters were showcased, which are most centrally located in Downtown Burj Dubai. All these residential developments offer state-of-the-art facilities contributing in the opulent lifestyle of the residents living in this community. The new units offered includes 1 bedroom to 5 bedroom apartments accompanied with large balconies and terraces. The Residences and the South Ridge are stunning high rise towers, however, The Old Town and the Old Town Island are tastefully designed with a touch of Arabian architecture. Downtown Burj Dubai is today considered the heart of the city with beautifully furnished apartments for sale in Dubai and panoramic views of the community.

Ahmad Al Matrooshi, MD - UAE, Emaar Properties, said, "The diverse collection of newly released units offers customers the convenient option to own a home in one of Dubai's most sought-after communities after experiencing the lifestyle differential for 1 year."

Labels: , , , , ,

Disclaimer | Sold Properties | Site Map | Usefull Links
Real Estate Dubai | Property Dubai | Dubai Rental | Rent in Dubai