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Old January 19th, 2005, 08:16 PM   #1
Dubai-Lover
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Almas Tower, 65 floors, 350m, Dubai

Name: Almas Tower
Location: Jumeirah Lake Towers
Floors: 65
Height: 350m
Use: Commercial








Almas Tower sold out on first day of sale
DMCC has witnessed a phenomenal response with its prestigious freehold commercial property, the Almas Tower, completely selling out in just one day.


The DMCC offered businesses a 100% ownership as a free zone company and ownership of business premises on a freehold basis. Commercial space in the tower was initially limited to companies registered as DMCC members engaged in the gold, diamonds and commodities trade. Total sellable area in the Almas Tower was over 725,000 square feet and was sold over a number of clients including leading international businesses Rosy Blue, GIA, Eurostar, the Love Diamond Company, Tache and Kristall along with leading regional players Damas, Taiba and Al Romaizan within the gold and diamond sector.

Commenting on this overwhelming response, Mr. Ahmed bin Sulayem, Chief Operating Officer, DMCC said, 'The immense response is indicative of the market trust both within and outside the region in the future of Dubai as a key hub in the trade of gold, diamonds and commodities.'

David Rutledge, CEO of the DMCC, commented: 'We are thrilled by the strong interest in this property. We see this development first and foremost as an indication that our strategy to create a viable and efficient infrastructure for our member companies is working, and that market participants around the globe have recognized the future potential of Dubai as an emerging hub for the diamond, gold and commodities sectors. We will now explore additional opportunities to accommodate the increasing number of market participants interested in establishing presence in Dubai. via DMCC'

Almas Tower, meaning 'diamond' in Arabic is a 65-storey tower located at the heart of DMCC's 300-hectare development, overlooking more than 80 surrounding towers of the Jumeirah Lake Towers project. The tower was purpose-built for regional and international diamond businesses, and features vaulting facilities, advanced security and IT infrastructure, retail outlets, cafes and restaurants and business centre facilities. The tower will also become the permanent home for the Dubai Diamond Exchange.

The Dubai Metals and Commodities Centre (DMCC) was created in 2002 as part of a strategic goal by the Dubai Government to establish a commodity market. It provides the market infrastructure that brings together a wide range of commodities activities, and is committed to serve the needs of participants in the gold, diamonds and commodities markets. Residents are offered highly attractive benefits under a free zone status, including a 50-year guaranteed tax holiday, 100 percent ownership, full ownership of business premises, and secure regulated environment.
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Old January 19th, 2005, 10:36 PM   #2
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please can you keep dubai's stuff in one thread .
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Old January 20th, 2005, 02:30 AM   #3
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sorry... make way, worlds most expolodingist city coming through..beep beep
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Old January 20th, 2005, 02:33 AM   #4
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Quote:
Originally Posted by dxb_raptor
sorry... make way, worlds most expolodingist city coming through..beep beep
lololololol..... cudnt have sed it better myself! hahahaha

that is just fantastic. I am going to use it as my signature. I love it! well sed m8!
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Old January 20th, 2005, 02:38 AM   #5
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Wish we had this in Rotterdam.
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Old January 20th, 2005, 02:47 AM   #6
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The design of this one is cool and higher than the first one, but I really liked the previous one

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Old January 20th, 2005, 03:19 AM   #7
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Its very 'park place'
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Old January 20th, 2005, 03:21 AM   #8
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I like the previous one too. Maybe they'll build both, what's another tower.
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Old January 20th, 2005, 03:25 AM   #9
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Quote:
Originally Posted by Face81
lololololol..... cudnt have sed it better myself! hahahaha

that is just fantastic. I am going to use it as my signature. I love it! well sed m8!

LOL, it was rather good, if i do say so myself!
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Old January 20th, 2005, 03:32 AM   #10
fahed
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The previous looks more like diamond, which is the name of the tower

(Al Mas = The Diamond)
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Old January 20th, 2005, 03:43 AM   #11
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Can we still it for Miami??
 
Old January 20th, 2005, 11:31 PM   #12
The Mad Hatter!!
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i'll second the comment made by bhk24
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Old January 20th, 2005, 11:43 PM   #13
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Quote:
Can we still it for Miami??
Sorry, already sold out .
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Old January 21st, 2005, 12:11 AM   #14
Dubai-Lover
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Quote:
Originally Posted by ahmedr
Sorry, already sold out .

in less than 24 hours!

and boom, we just financed another tower! let's go over to the next one!
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Old January 21st, 2005, 12:45 AM   #15
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both are gorgeous, not surprised it sold out so quickly, cant wait to see this constucted

hope they build the original design somewhere too, miami's fine by me

London would be better though or manchester (thisll never happen)
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Old July 30th, 2005, 11:38 PM   #16
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i think this one will break ground soon.
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Old July 30th, 2005, 11:52 PM   #17
malec
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So digging up old threads are we?

Wasn't there this article about this one a few days ago saying contracts had been awarded, etc... and that it would start construction soon?
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Old July 31st, 2005, 12:01 AM   #18
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exactly. that is why i digged this one up.
and because i was bored
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Old July 31st, 2005, 01:06 AM   #19
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I think the Japanese contractor's name was TENSAI
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Old July 31st, 2005, 01:57 AM   #20
city of the future
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it was Taisei
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