Name: Canada Business Centre Tower
Floors: 20
Height: ?
Use: Com

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AAKAR Developers to build AED 200 million Canada Business Centre Tower in Business Bay

AAKAR Developers Limited, a leading Canadian real estate and property developer, yesterday announced its intention to build an AED 200 million Canada Business Centre Tower (CBC Tower) project at a Gala dinner attended by Canadian Ambassador to the UAE, Sara Hradecky; Canadian Consul General in Dubai, Graham Rush and Chairman of Canadian Business Council, Andrew Tice at the Shangri-La Hotel in Dubai.
United Arab Emirates: 31 minutes ago PRESS RELEASE

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Artistic impression of Canada Business Centre Tower.

The CBC Tower is AAKAR's first project in the region, but follows two years of research and over AED 500 million of investments into regional real estate markets.

Strategically located at the heart of the Dubai Business Bay district, the CBC Tower offers 19 floors of prime office space and 7,500 square feet retail space at the ground level. The tower, scheduled to complete in 2008, will enjoy an enviable location adjacent to the world's tallest tower, Burj Dubai.

'The CBC Tower's central location will ensure that resident businesses are ideally situated to take advantage of market opportunities. The Architectural philosophy of CBC Tower is people centric to present tangible business effectiveness enhancement opportunities for local organisations,' said Yadvinder Singh, CEO, AAKAR Developers.

The CBC tower's innovative design allows panoramic lake views for 95 per cent of all offices. Amenities include a fully equipped gymnasium, steam room, rooftop pool, Jacuzzi, food courts, shopping boulevard, and six levels of car parking offering 378 parking bays. The tower also includes three state-of-the-art conference rooms and business facilities to support commercial tenants.


'The office layouts are configured to either allow several businesses to reside comfortably on a single floor, or for an open-plan agreement to accommodate a large department or company. The floor to ceiling windows provide incredible views, ensuring a combination of form and function,'



Singh added.

Speaking at the occasion, Andrew Tice said, 'Canada and the UAE have a close relationship across many spheres of economic and commercial activity, with over 100 Canadian enterprises with a firm presence in the UAE. It is heartening to see quality projects such as the CBC Tower originate from Canadian enterprises, and I wish AAKAR all the best in their new project.'

AAKAR is primed for further expansion in regional markets, and is expected to announce further projects in the near future. The company is participating at the Big 5 Show, and is present at the Canadian pavilion.

added to emporis

Nice small one, location???

facade reminds me of park place.

nice one though, what's up with all those country towers..

and canada, i remember some vancouver towers in media city :weird:

so explain this... Akar announces Singapore Tower.. and Aakar announces Canada Tower? :lol:

^^ I don't wanna go intoo what "kar" means in my language. :runaway:

oooh I just googled it :lol:

i have a feeling it has something to do with what Naz thinks Damac is doing .. see OH2 thread.

:D

Look for it here :D (http://en.wiktionary.org/wiki/cock)

"A male bird, especially a domestic fowl."

i have never been that much into biology.

^^ you wish thats what it meant:ohno:

Aakar unveils Canada Business Centre Tower

Aakar Developers Limited, a leading Canadian real estate and property developer, has recently unveiled plans to build a Dh200 million ($55 million) Canada Business Centre Tower (CBC Tower) project in Dubai.

Strategically located at the heart of the Dubai Business Bay district, the CBC Tower, which offers 19 floors of prime office space and 7,500 sq ft retail space at the ground level, is scheduled for completion in 2008.
“The CBC Tower’s central location will ensure that resident businesses are ideally situated to take advantage of market opportunities. The people-centric architectural philosophy of CBC Tower will present tangible business effectiveness enhancement opportunities for local organisations,” said Yadvinder Singh, CEO, Aakar Developers.

The CBC tower's innovative design allows panoramic lake views for 95 per cent of all offices. Amenities include a fully equipped gymnasium, steam room, rooftop pool, Jacuzzi, food courts, shopping boulevard, and six levels of car parking offering 378 parking bays. The tower also includes three state-of-the-art conference rooms and business facilities to support commercial tenants. “The office layouts are configured to either allow several businesses to reside comfortably on a single floor, or for an open-plan agreement to accommodate a large department or company. The floor to ceiling windows provide incredible views, ensuring a combination of form and function,” Singh added.

anyone knwo whot he contractor is?

AKAR in arabic = mean real state

09.02.2007

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So where's the location of this tower exactly?

right of the 4 trees just behind a bunch of dark sand and earth hills.. :D

btw you can see the backside on the signboard, or is it a redesign?

Does Dubai's Trees grow leaves?

http://www.canada-businesscentre.com/

All you need is here

Still doesn't give the location

I shall get the exact plot no: - tomorrow - "inshala"
: )

nice and simple modern tower.

Press Release

AAKAR awards shoring and piling excavation contract for
CBC Tower

International Foundation Group awarded contract for AED 200 million commercial tower in Business Bay

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April 29, 2007

AAKAR Developers Limited, a leading Canadian real estate and property developer, has awarded the shoring and piling contract to International Foundation Group (IFG) for the construction of the Canada Business Centre Tower, a commercial tower centrally located in Dubai Business Bay and due for delivery in December 2008. The contract awarding for the company’s first development project in the UAE follows the completion of soil investigation by Al Hai Al Mukaddam and the plot handover by Business Bay authorities, which was witnessed by Sara Hradecky, Canadian Ambassador to the UAE. The contract was signed by Yadvinder Singh, CEO, AAKAR Developers Limited and Dr. Khalil Charif, Managing Director, International Foundation Group.

Under the terms of the contract, IFG will commence foundation works involving shoring and piling excavation using their high rated piling systems, concrete diaphragm walls, excavation support and earth retention systems. The company has appointed a team of industry professionals comprising of site managers, project engineers and supervisors to ensure the completion of the first phase goes according to the schedule set by Cansult, the design and project management consultants for the project.

“As the Middle East’s hub for commerce and industry, Dubai is a prime market for prestigious development projects such as the CBC Tower, which offers prestige and a strategic location in the Business Bay. CBC Tower is set to carry the AAKAR brand of property development to the UAE, and one way to ensure this was to meticulously select our partners for the implementation of this multi-million dirham project. IFG was awarded the contract due to its previous experience and technical capacity and we are confident that the company has the requisite expertise to deliver a project of this magnitude,” said Yadvinder Singh.

Registered in 2003, International Foundation Group is one of the leading companies in the field of specialist geotechnical and foundation engineering and offers services ranging from preliminary assessment of Geotechnical works, conceptual and detail design, to the actual construction of the works. The company’s various projects include Dubai international Financial Center, Mall of the Emirates, Etisalat Telecommunication & Administration building, and Prime Tower in addition to major projects in the region.

“As one of the leading specialist firms in our industry, we are constantly seeking to engage in large-scale property projects with international developers such as AAKAR. With our extensive knowledge and expertise in handling luxurious property developments, we are confident that our highly-skilled industry professionals can handle the enabling works while keeping the highest quality and safety standards,” said Dr. Khalil Charif.

Canada Business Centre Tower offers occupants work and lifestyle spaces with its 19 floors of offices in addition to 7,500 sq. ft. of retail space, fitness amenities (gymnasium, steam room, rooftop pool, Jacuzzi), food courts, shopping boulevard and six-level parking. The commercial tower also boasts of state-of-the-art conference rooms and business facilities. CBC Tower has an enviable central location in the Business Bay and adjacent to Burj Dubai, the world’s tallest building, providing panoramic views to 95 per cent of its offices.

“We place great value at delivering our projects to customers on schedule, and our clients can be assured that the CBC tower will be delivered in December 2008. The successful launch of the tower in the UAE will be followed by more distinctive property projects to the Middle East market”, concluded Singh.

It looks wonderful tower, Dubai will have the greatest towers on earth.

I shall get the exact plot no: - tomorrow - "inshala"
: )

bb.a06.017

only a 6month waith

must of been that "inshala"

dats one ugly tower....

Press Release

AAKAR keen to capitalise on Dubai’s growing demand for commercial space through timely delivery of AED 200 million CBC Tower

Over 24 million sq feet of commercial space being developed in the emirate to accommodate offices of existing and new companies

December 27, 2007

Dubai’s commercial property sector is witnessing a continuous increase in demand, with more than 24 million square feet of commercial space being developed at present to accommodate expansion of new and existing international and domestic companies. AAKAR Developers Ltd., a leading Canadian real estate and property developer, has announced that the completion of its AED 200 million commercial tower - Canada Business Centre - in Dubai Business Bay is on track to leverage the current market boom. The developer is also keen to capitalise on the opportunities present in Dubai’s buy-to-let office space market, as it offers very high returns on investments.

Industry statistics reveal that completion of the said office spaces will exceed the already existing corporate developments by more than 50 per cent. On the other hand, commercial office rent is expected to remain high throughout 2007 and 2008, with Dubai office rentals showing a 55 per cent increase over the past year. However, market research show that delays in the construction process is resulting in considerable financial loss to the investors.

“At the current rate of commercial property growth, we recognise the opportunity to cater to the high demand for office spaces and eventually ease the shortfall in this sector. As our initial offering in the region, a business address in Canada Business Centre Tower will ensure that resident companies are ideally situated to take advantage of market opportunities. We also guarantee timely delivery of Canada Business Centre Towers, as we aspire to build a reputation based on our credibility and the quality of our work,” said Yadvinder Singh, CEO/ President, AAKAR Developers Ltd.

AAKAR has also recently registered for an escrow account with the Dubai Land Department and Al Mashreq Bank as mandated by the authorities in Dubai. The escrow account provides a guarantee that the funds for the construction of Canada Business Centre tower will be managed transparently thereby pre-empting any financial concerns that might cause construction delays. Specific advantages provided by maintaining an escrow account include information processing and monitoring of all cash inflows and outflows; the existence of a qualified engineer to verify project development and provide regular reports; waived fee for opening a trust account with Mashreq Bank; and service charges to be separately provided on a case-by-case basis.

“Our decision to register for an escrow account is a firm assurance to investors that we are committed towards transparency and in compliance with all the regulations outlined by the Dubai Government. Through this effort, we are hoping to send a message across to our customers that AAKAR is taking all necessary measures to ensure the profitability of their investments. In addition, we have employed Cansult, a leading engineering services firm, to design the office spaces of Canada Business Centre Tower, which will allow either several businesses or a large department or company to reside comfortably on a single floor,” concluded Singh.

With its prime location adjacent to the renowned Burj Dubai, the Canada Business Centre Tower will comprise 19 floors of modern office space and 7500 square feet of retail space at the ground level. The business tower will boast of an innovative design allowing panoramic lake views for 95 per cent of all offices through the floor-to-ceiling windows, whilst also providing high-tech conference rooms and business facilities to support commercial tenants. Amenities for rest and relaxation consist of a fully equipped gymnasium, steam room, rooftop pool, Jacuzzi, food courts, shopping boulevard and six levels of indoor parking.


About AAKAR Developers:
AAKAR Developers Limited is a leading Canadian real estate developer with a mission to form and influence the future through offering distinctive, high profile, and luxurious projects. After more than 10 years, AAKAR’s brand has become synonymous to quality, value and prudence with projects that combine aesthetics and function, prestige, and practical benefits for its occupants. The company’s foray into the Middle East has been marked by its AED 200 million Canada Business Centre Tower, located at the heart of Dubai Business Bay District and enviably adjacent to the Burj Dubai. The commercial tower offers 19 floors of work offices with 95 per cent having panoramic views of the lake and boasts of three state-of-the-art conference rooms and business facilities. AAKAR is primed for further expansion and is expected to launch various projects in the near future.

Image 01: Yadvinder Singh, CEO/ President, AAKAR Developers Ltd.
Image 02: Artistic impression of the CBC Tower

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Press Release

AAKAR appoints EllisDon Project Management as Client Representative for AED 200 million Canada Business Centre Tower

Leading Canadian developer leverages partnership with top construction company to ensure project’s high quality standards

March 10, 2008

AAKAR Developers, Ltd., a leading Canadian real estate and property developer, has announced that it has recently appointed EllisDon Project Management as the Client Representative for its AED 200 million Canada Business Centre (CBC) Tower in Dubai Business Bay. The announcement is in line with the developer’s strategy to leverage partnerships with top Canadian companies to ensure that the highest quality standards will be maintained in the construction of its initial project in Dubai. Further, the developer has also highlighted that its collaboration with reputed partners is part of its commitment to the timely delivery of the tower, which is expected to be among the first developments to be completed in Business Bay.

EllisDon Project Management’s role will revolve around monitoring the progress of the Project in conjunction with other consultants appointed by the developer, and ensuring that the project adheres to its predetermined delivery schedule, budget, quality and performance. As the Client Representative, the company will provide professional advice to the developer on issues relating to the tower’s commercial and technical aspects, while keeping a close watch on the building systems to make sure that they suit the needs of the end user. The company’s focus is to maximise the developer’s resources amidst the current escalation in the prices of construction materials and other services, which are necessary to achieve the tower’s designated standard of quality.

“Our primary goal of bringing Canadian businesses to the highly dynamic Dubai market is being further reinforced by this partnership with EllisDon Project Management,” said Yadvinder Singh, CEO/ President, AAKAR Developers. “Having carefully examined their competencies and outstanding track record both in Dubai and Canada, our trust in them is not merely based on their country of origin but on the level of expertise, which they will be able to contribute for the successful completion of the Canada Business Centre Tower. Forming strategic alliances with highly competent partners is among our key strategies in ensuring the outstanding value of this project for our customers.”

With a strong background in construction and project management in Canada, EllisDon Project Management has garnered several prestigious awards such as the ‘Best Employer in Canada’ award in 2006 and ‘Canada's Best Managed Company’ Award 2007. The company has also successfully built a strong reputation in the UAE due to its vast global management experience, which benefited a number of high profile developments in Jumeirah Village South, Jebel Ali Madinat Al Arab and Golden Mile 1, 2 and 3.

”The real estate business in the UAE is promising as well as challenging, and is a perfect market for us to introduce our services, which we intend to further expand for the benefit of current and future clients. We have recognised the tremendous opportunity in building a strong relationship with AAKAR, not only to gain a stronger client base in the UAE but more importantly, to support the growth of Canadian businesses especially in Dubai. Through this partnership, we are looking forward to delivering the highest level of quality services tantamount to our strong support for AAKAR’s high aims for Canadian enterprises in Dubai,” concluded Luc Theberge - Vice President, EllisDon Project Management.

Set to accommodate the regional headquarters of leading and most rapidly growing Canadian businesses in the Middle East and other Dubai-based companies, the CBC Tower will comprise 3 basement levels, 4 podium levels including ground floor and 16 floors of modern offices and 7500 square feet of retail space at the ground level. Strategically located and with a scenic view of the renowned Burj Dubai, the business tower will include high-tech conference rooms, business facilities, and offices, which allow panoramic lake views through the floor-to-ceiling windows. The commercial tower will also house rest and relaxation facilities such as a fully equipped gymnasium, steam room, rooftop pool, Jacuzzi, food courts and a shopping boulevard, in addition to a six-level indoor parking.

For the record, AAKAR is not as big as they say they are in Canada....

HOWEVER, the fact they are working with EllisDon adds tremendous credibility to the project. Just don't expect the project to be undertaken on time; EllisDon is notorious in the Canadian development industry for running behind schedule.

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ON HOLD

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Does anyone know if there is progress on this building? or if there are any updates on this project?

Pic's would be great if possible.

Thanks,

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21-Jan-12

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Hi there,

Any pic's/updates on the progress of this tower?

Regards,