Completed: Azure, 5F Res (Dubai Marina)

[Dubai-Lover]

Name: Azure
Location: Dubai Marina
Use: Residential
Floors: 5
Height: ?
Construction Start: 2003
Construction End: 2005

www.azuredubai.com

[Dubai-Lover]

construction in september

[Dubai-Lover]

Local Real-estate major - Bonyan Emirates – announces slew of mega projects in Dubai's new growth district
In a major development that is expected to add momentum to the booming real-estate market in Dubai, local real-estate major Bonyan Emirates, a subsidiary of the reputed Ismail Akil Abbasi Group, yesterday announced its intention to make substantial investments in a slew of trailblazing realty projects in the thriving new business and residential district of Dubai on Sheikh Zayed Road.


The company's project line-up in this area include two residential apartment projects in the Dubai Marina community promoted by EMAAR Properties PJSC; a state-of-the-art fully furnished serviced apartment development in the precincts of the Dubai Technology, Electronic Commerce and Media (TECOM) Free Zone; and another luxurious residential project in The Chinatown development promoted by Nakheel.

A senior official of Bonyan Emirates further said that construction on the company's first residential apartment project – Azure@Dubai Marina – has already commenced, while construction on the other three projects is expected to commence by the end of 2003 and early 2004.

Mr. Ismail Akil Abbasi, Chairman, Ismail Akil Abbasi Group & Chief Executive Officer (CEO), Bonyan Emirates, said that the company's added focus on this rapidly developing new business and residential area of Dubai was reflective of the changing dynamics of the real-estate sector in the emirate.

'As a local company, we are committed to being active partners in the growth of Dubai, while conceiving and developing projects that offer investors a compelling rationale to invest in this area,' he said.

Mr. Abbasi further said that bookings for Bonyan Emirates' first project in this area – Azure@Dubai Marina – a master-planned premium residential apartment project in the Dubai Marina community have already commenced. 'We are extremely upbeat about the freehold property market in Dubai, which is reflected in the solid investor response to the project within days of the opening of bookings.'

Bonyan Emirates has been actively involved in real estate planning, development and marketing for the last 15 years in the UAE and Gulf region, and has built an enviable reputation for itself as a visionary corporate entity committed to the growth and promotion of Dubai.

The company is a fully-owned subsidiary of the Ismail Akil Abbasi Group, a division of the Abbasi Group of Companies, which has multiple interests in trading, retail, textiles and hospitality. The Group, which includes entities such as Worldtex and Dubtrade is also the master franchisee of the global coffee house chain, The Coffee Bean & Tea Leaf, in the Middle East.

Speaking about the Bonyan Emirates team Mr. Abbasi further said: 'Our corporate culture is extremely customer-centric, and we have a team of highly skilled professionals with extensive experience in real estate development, property management, project management, marketing, architecture and finance.'

'Over the years we have built strong linkages in the real estate and construction-related industry and this enables us to offer stable and low risk assets unmatched by any other player in the region's market,' Mr. Abbasi added.

Azure@Dubai Marina, the first project by Bonyan Emirates in Dubai Marina, offers 77 spacious and well-planned apartment units comprising one, two and three-bedroom condominium units and four-bedroom luxury duplexes on six floors. Being part of the Dubai Marina community, promoted by EMAAR Properties, it offers freehold ownership to UAE and GCC National, and expatriate investors.

Mr. Abbasi further added: 'We have positioned Azure@Dubai Marina as a landmark development, which will distinguish itself by not being another anonymous high-rise building. We have gone to great lengths to source quality materials and bring in best-of-the-breed architectural consultants and designers to execute the project.'

Construction on Azure@Dubai Marina will be completed by September 2004. Price for apartments in Azure range between AED 395, 000 for a one-bedroom apartment on the first floor, to AED 1,450,000 for a four-bedroom duplex apartment with a terrace facing the Marina. Situated along the Dubai Marina promenade, which will feature a huge shopping boulevard, Azure is also located right next to a huge park.

Investors in the project are also offered an easy payment plan in eight installments starting with a 10 per cent down payment at the signing of the preliminary agreement and the final 10 per cent at the time of taking over possession by September 2004.

Mr. Abbasi said: 'We conceived Azure@Dubai Marina with one compelling aspiration – to offer investors residential premises that will reflect their dreams and ambitions, and this message has gone very well in the booming real estate market of Dubai. The pricing is also extremely competitive, with the square foot rates 10 to 20 per cent lower than any other comparable residential projects in the area,' he added.

[Dubai-Lover]

taken by me on dec 30 2004

[Dubai-Lover]

Abbasi Group's Azure property becomes the first completed private developer project in Dubai Marina
The Abbasi Group's real estate arm Bonyan Emirates today announced that Azure, its recently completed landmark development, has become the first outsourced property in Dubai Marina to be fully occupied.



Abbasi Group’s Azure property Becomes The First Completed Private Developer Project In Dubai Marina.

The official key handover has been set as February 2005, which will put the final seal on the project.

The six-storey Azure building (including ground floor) offered freehold ownership for UAE, GCC and expatriate investors. Investors soon snapped up the 77 luxurious one-to-four bedroom apartments and duplex suites, which are complemented by a retail outlet and a state-of-the-art rooftop leisure deck.

Mr. Ismail Akil Abbasi, Chairman of the Ismail Akil Abbasi Group and Chief Executive Officer of Bonyan Emirates, said: 'In a booming property market in Dubai, Bonyan has nevertheless showed remarkable speed in accomplishing its aims and objectives with the Azure development. It was able to do so because it could offer a very desirable address with a superb quality.

'Our team of real estate specialists, architects and consultants set out to create a state-of-the-art property offering a unique lifestyle statement. Their success in doing so has been reflected in the take-up by investors.'

Bonyan Emirates has become one of the pillars of the property sector, offering an unparalled 15 years of real estate planning, development, investment consultancy, advisory services, project management and marketing experience in the Gulf region.

'Bonyan Emirates is committed to playing a major role in the development of Dubai thus attracting local and foreign investment,' Abassi said. 'Our aim is to provide an extensive range of properties for different tastes and requirements. We are well on the way to achieving this.'

With a fresh approach to building design and quality of construction, Bonyan Emirates has announced its latest property development. Based in District 5 of Dubai Marina, Bonyan's 'Panoramic' building will offer an unparalleled residential and retail offering to the discerning investor.

The eight-storey luxurious property (including ground floor) offers area for a café and three retail outlets, 80 residential units consisting of one and two bedroom apartments as well as three-bedroom penthouses and three-bedroom villas with private swimming pools and garden. Facilities for those quick enough to obtain the property include a gym, two roof top saunas, steam rooms, shower areas, washrooms and a swimming pool. Additionally an open landscape area plus a climate control corridor features on the promenade side.

Completion of the Panoramic building is expected in July 2006 with the official key handover taking place shortly afterwards. Prices for the apartments range in between AED 490,000 for a one-bedroom apartment, to AED 1,900,000 for a 3 bedroom penthouse on the seventh floor. The Three-bedroom villa's are priced at AED 2,650,000.

As with the Azure property, Panoramic is offered as freehold ownership to UAE, GCC and expatriate investors. An easy payment plan of eight installments, starting with a 10 per cent down payment at the signing of the preliminary agreement and the final 10 per cent at the time of taking possession of the property, is also available.

Commenting on Panoramic, Abbasi said 'We are proud to announce our latest project. Panoramic is yet another of our properties set to take the standards of living to another level by offering rich luxuries in its construction design, finishings and prime residential and retail location.'

[Dubai-Lover]

this one is completed
works going on inside

may 27

[Dubai-Lover]

poor building
it's done and lost in construction
still quite a few people living here

[Face81]

Originally Posted by Dubai-Lover

poor building
it's done and lost in construction
still quite a few people living here

EUGH!!!! Look at those ugly satellite dishes! they should not be allowed.... they arent doing that building any favours!

[malec]

Does this place have any parking?

[Face81]

Originally Posted by malec

Does this place have any parking?

looks like its underground....... see that cream wall on the bottom right..... seems to decend into a basement style parking.

[Dubai-Lover]

yes
underground parking
entrance at the other end of the building

[Chad]

The logo looks pretty nice, and the building would had been even nicer without the blue wall.

[Face81]

Originally Posted by Dubai-Lover

yes
underground parking
entrance at the other end of the building

I still think its ugly.

[ZOHAR]

i like it...

[Face81]

Originally Posted by ZOHAR

i like it...

well i dont.

[Trances]

the blue only chance the residents have to see blus sky with all the towers around (LOL)

[V Kapoor]

With its name as AZURE they couldn't have had any color other than Blue.
The dish antennae peeping out sure dont look good.

[Dubai-Lover]

i was also wondering
imagine how it will look like once many people live there
there will be many of these, which makes the place look ugly

i forecast a ban in maybe 2 years

[DUBAI]

how can you not like it, its a stunning low rise.

or maybe you guys want to turn the marina into Karama?

[dubaiflo]

nah he is talking abt the satellite dishes
which look like karama , yes , indeed