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EMAAR is going crazy... That exterme right of the pic is Burj Park V?

^^ Yeah, and the one in between them should be Burj Park IV. :D

Looks very tall... could any of these be supertalls?

Emaar unveils Burj Park III luxury waterfront residences at Downtown Burj Dubai

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Emaar Properties has launched Burj Park III, a new residential tower within Burj Park, the first of its kind premium waterfront community in Downtown Burj Dubai.

United Arab Emirates: Wednesday, May 14 - 2008 at 13:46

The 60-storey Burj Park III is located on Burj Lake Promenade and redefines the lifestyle experience by blending spectacular views and modern amenities in one of the most sought after communities in Dubai.

Sale of studios and one-, two- and three-bedroom apartments at Burj Park III will be held at the Downtown Living Sales Centre and Abu Dhabi Sales Centre on May 17 on a first come, first serve basis. Several financial institutions are offering easy home finance support. The first tower in Burj Park was recently launched to overwhelming customer response.

Burj Park III, defined by the tagline – ‘Where luxury is effortless,’ is surrounded by lushly landscaped gardens, and opens to the Park Island, a 25-hecater park accessible via a bridge walkway, and The Fountain, a monumental, world-class musical water feature forming the centerpiece of Burj Lake. Burj Park III is also within walking distance of Burj Dubai, the world’s tallest building; and The Dubai Mall, one of the world’s largest shopping and entertainment destinations.

Mr Saif Al Mansoori, Sales Director, Emaar Properties, said:

“The Burj Park community in Downtown Burj Dubai has set a new benchmark by offering waterfront living in the heart of the city. Truly ‘a cut above the rest,’ Burj Park has unique characteristics including the spectacular waterfront views and central location near global landmarks. Burj Park III will be a remarkable lifestyle option for residents, who value the distinction of being part of one of the most vibrant neighbourhoods in Dubai.”

He added: “The focus of Burj Park III is as much on architectural brilliance as in creating a distinct residential environment. The direct access to the Burj Lake Promenade offers residents the luxury of an array of entertainment & leisure options. Burj Park III is designed by Gensler, a leading global architecture, design, planning and consulting firm. The high double-glazed facade for the podium and a sliding curtain wall for open or closed environment depending on climate change highlight the engineering brilliance of the tower.”

The interiors feature shimmering marble and ceramic floors, with quality suite finishes featuring natural stone countertops and cabinetry. Nine feet high ceilings in all principal rooms accentuate the sense of space and light of the homes. Provision for hi-tech entertainment and communication, intercom-fitted door entry system, CCTV and control access and pre-cooled fresh air system are other features.

Kitchens are well-equipped for storage and appliances, with the cabinet doors featuring an elegant high-gloss laminate finish with semi-concealed chrome pull system. The bathrooms have veneered cabinetry with stone tops, and the tiling for walls and floors are in a square format with mosaic details. Adding to the quality of living are a range of podium level amenities including lap & leisure pool, children’s pool, fully equipped gymnasium and multipurpose rooms. Secure parking is provided for all apartments through five basement floors and a partial lower ground floor.

Burj Park can be easily accessed from Sheikh Zayed Road, and will be in close proximity to Burj Dubai Metro station. It is located near the Dubai International Financial Centre and other business nerve-centres of the city.

Registration for the sale starts at 7am at both the Downtown Living Sales Centre and Emaar’s Abu Dhabi Sales Centre.

http://www.ameinfo.com/156832.html

^^ Another 60-storey beauty for Downtown! :banana:

^^Yes, edit title!!!!

Great add to DTD .... it's definitly one of custom design for emaar

oh my God! let's not talk about the prices!!!

what are the prices, you reckon?

Looks very tall... could any of these be supertalls?

Nope, but over 200m for definite

^^ The one on the left has at least 85 floors ... and when they say 60 floors for this tower, they are referring to the residential ones. I'm sure the total number is higher then 60.

^^ The one on the left has at least 85 floors ... and when they say 60 floors for this tower, they are referring to the residential ones. I'm sure the total number is higher then 60.

with 85 floors it has good chances to be a supertall IMO, lets say 310m :)

anyone know what the prices are for the apts in burj park III?

Just came back from the launch. Couldn't snag a studio :(

Studio's from 2.9M
1 BR from 4.4 M
2 BR from 5.6 M
3BR from 7M

It was a partial launch and apparently a ploy by Emaar to test the waters. It will be sold in phases and most of the apartments sold today were facing the bypass road and Standpoint Towers. Front facing units will be sold in subsequent launches.

I was offered a 57th floor 1 BR unit facing the back for 5.2M. Views would have been fantastic but the price was wayyyyy too hard to digest i.e. 5600/Sft.

I've come to the conclusion that purchasing in DBD is only going to be limited to the super rich.

A 5 star hotel and Burj Park 1 will be launched in the coming months. No more information was given.

was there a big turnout for the launch? is everything gone?

Just came back from the launch. Couldn't snag a studio :(

Studio's from 2.9M
1 BR from 4.4 M
2 BR from 5.6 M
3BR from 7M

It was a partial launch and apparently a ploy by Emaar to test the waters. It will be sold in phases and most of the apartments sold today were facing the bypass road and Standpoint Towers. Front facing units will be sold in subsequent launches.

I was offered a 57th floor 1 BR unit facing the back for 5.2M. Views would have been fantastic but the price was wayyyyy too hard to digest i.e. 5600/Sft.

I've come to the conclusion that purchasing in DBD is only going to be limited to the super rich.

A 5 star hotel and Burj Park 1 will be launched in the coming months. No more information was given.


1 BR for 5.2M, that's pretty impressive! I believe prices are still going to shoot up, especially when the other Burj Park phases/clusters gets launched. Besides, 5.2 M is so close to the cost of the BURJ PLACE 1 BR apartments (but you can't compare Burj Park to BURJ PLACE since Burj Place is serviced apartments on the main motorway with its own metro).

I haven't been to the launch but my friends told me it was so crowded. This explains why I got a call today from an agent to buy my Burj Place apartment :)

I want to ask something. Now I know nothing about how this stuff works but am curious anyway. What makes these apartments so much more valuable now as opposed to 1 or 2 years ago? The prices of these seem ridiculously expensive, 1 million euro for a 1 bedroom apartment? I don't know what there is to offer that is worth that cost.
Also these prices rose so fast, surely it's possible they could fall just as fast.

Well, thats a very good question and thats something perhaps that strikes pretty much everyone. Infact it was evident on most of the investor's faces when the prices were announced (not that it stopped them from purchasing whatever they could). I had the opportunity to talk to a very helpful gentleman at the sales center and i posed this very question. You'd be surprised but his answer was that Emaar is really just testing waters and taking risks which are apparently paying off rather handsomely.

No price however high seems to deter investors from buying whatever they can. Subsequent units in Burj Park III are to be sold at a minimum hike of 20% which makes todays investors richer by that much already! I don't understand the logic of spending AED 5M on a 1 BR apartment as the rental yield will not be more than AED 150k a year and i'm being rather optimistic with these figures. This means that this investment has an annual rental yield of less than 5% which IMO isn't very good. The only pay-off would come perhaps 5 years later, when the price would have doubled but who would really pay around AED 10M for a 1BR apartment even then? Overall, it just doesn't seem a good investment to me.

I was offered a 1 BR apartment in Standpoint towers for almost half the price of that in Burj Park III but i chose to pass on it. I really don't see the direction Emaar is going with this and all this hype and overpricing seems like a very risky thing to me.

I for one hope that the investors do make handsome profits but with the current market trends in terms of leasing, it doesn't seem very likely.

Well, thats a very good question and thats something perhaps that strikes pretty much everyone. Infact it was evident on most of the investor's faces when the prices were announced (not that it stopped them from purchasing whatever they could). I had the opportunity to talk to a very helpful gentleman at the sales center and i posed this very question. You'd be surprised but his answer was that Emaar is really just testing waters and taking risks which are apparently paying off rather handsomely.

No price however high seems to deter investors from buying whatever they can. Subsequent units in Burj Park III are to be sold at a minimum hike of 20% which makes todays investors richer by that much already! I don't understand the logic of spending AED 5M on a 1 BR apartment as the rental yield will not be more than AED 150k a year and i'm being rather optimistic with these figures. This means that this investment has an annual rental yield of less than 5% which IMO isn't very good. The only pay-off would come perhaps 5 years later, when the price would have doubled but who would really pay around AED 10M for a 1BR apartment even then? Overall, it just doesn't seem a good investment to me.

I was offered a 1 BR apartment in Standpoint towers for almost half the price of that in Burj Park III but i chose to pass on it. I really don't see the direction Emaar is going with this and all this hype and overpricing seems like a very risky thing to me.

I for one hope that the investors do make handsome profits but with the current market trends in terms of leasing, it doesn't seem very likely.


Absolutely true. According to my personal experience I preferred not to invest in Burj Park and invest in Burj Place instead since they're furnished and fully serviced, and we all know what is the daily or weekly rate for renting luxurious serviced apartments that are directly located on Sheikh Zayed Road (rather than usual apartments). The price of the 1 BR for both projects were very close (at the end of the launch day they were almost the same).

A friend of mine got his apartment in Burj Park V at 3300 /sqft approx, how come Burj Park III (i.e. the tower next to it) gets launched with almost double the price (around 80%)... and in 2 months only :nuts:

I wonder what would the price be when Burj Park 1 gets launched :)

Burj Park 1 is approximately 80 floors high and from the renderings i've seen, it appears to be the most modern of the 5 Burj Park towers. With floor to ceiling windows and all glass facade, its bound to be a stunner; unless ofcourse there are some gross design changes.

I believe the rates in BP 1 should be anywhere between 5000-7000/Sft and above depending on confounding factors such as floor level, views etc. I am assuming that Emaar is charging a premium for these towers mainly because of their proximity to BD and the Park island. One of the USP's of this project was that it was within walking distance of BD, BD Mall, Park island and the Metro. There is also a high probability that the tram stop might be located very close to these towers which in itself is a important factor.

Still, prices are just insane! The sales agent told me that the subsequent launch at Burj Place will fetch rates 30% more than the original launch. So, those of you who have invested in the primary launch should be VERY happy :).

Cheers.

Emaar seem to be just cashing in on the current situation. If people are willing to buy at a ridiculous price then they will sell at that price.


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Influenced by its close proximity to Burj Dubai, the world's tallest tower, Tower 38 will form part of a streetscape neighboring both the Dubai International Financial Centre (DIFC) and Business Bay master plans. Gensler designed this 60-floor residential development in a Modern Islamic aesthetic. The tower is composed of a series of interlocking pieces that step back as the building rises, appearing to ascend toward the Burj Dubai Tower.

hi there,

Does anyone know the total BUA or total number of units in that tower?

more then 400 units .

that ridiculous,lets imagine how much profits they get if we calculate the average price 5 millions x 400 units =2,000,000,000!!?

You can see the site behind the standpoint residences.

http://img58.imageshack.us/img58/562/36648027ce1.jpg

Thx for clearing up malec !!! :okay:

Has anyone bought an apartment in this project ?

ON HOLD

20/February/2009

Burj Park 3

http://img8.imageshack.us/img8/1240/imresolt46kl4.jpg (http://imageshack.us)

http://img201.imageshack.us/img201/2260/imresolt47ci2.jpg (http://imageshack.us)

24/08/09

From 30th floor of the Residences, Tower 1 (W3)
http://img4.imageshack.us/img4/4185/burjparkiii.jpg