#TOPPED OUT: LAKESIDE RESIDENCE, 36F Res, 129m, Plot A3

[Krazy]

[dubaiflo]

cool. finally the plot number

[Krazy]

Al Manal breaks ground on AED300 million Lakeside Residence development

Construction on the AED300 million Lakeside Residence at the prestigious Jumeirah Lake Towers project began recently with groundbreaking ceremonies attended by Al Manal Development, developer of the elegantly-designed 35-storey residential tower.


Juma Ahmed Majid Al Ghurair, Al Manal Development Chairman, Chief Engineer Adib Ataya, Al Liwan Contracting and Medardo T. Cadiz, CEO Cadiz International.

Al Manal Development Chairman Juma Ahmed Majid Al Ghurair led Al Liwan Contracting Chief Engineer Adib Ataya and Medardo T. Cadiz, CEO Cadiz International in a groundbreaking ceremony held at the construction sight of the Lakeside Residence building at the Jumeirah Lake Towers.

'We're very excited to start the construction of The Lakeside Residence. Once completed, residents will have an exceptional view of the Dubai Marina and the beautiful water surroundings of the Jumeirah Lakes, making it a truly desirable property that offers all the elegance and convenience of contemporary stylish living,' said Al Ghurair.

The Lakeside Residence, with a built-up area covering 50,000 sqm, boasts 358 elegantly-designed apartments, consisting of 226 one-bedroom and 132 two-bedroom flats; three floors dedicated for basement parking; a retail space at the concourse level; and an amenity deck on level 15. It is Al Manal Development's first significant investment in the country's thriving real estate sector, and plans to expand its portfolio of high-profile property projects not only the UAE, but also in the region.

[dubaiflo]

some new towers having their tenders out or awarded and breaking ground..

these should be the last among the JLTs.

[dubaiflo]

some new towers having their tenders out or awarded and breaking ground..

these should be the last among the JLTs.

[Krazy]

Lakeside Residence apartments come fully furnished

Al Manal Development, developers of the AED330 million Lakeside Residence real estate project, recently announced a value-added offer for one of the most sought-after residential property developments in Jumeirah Lakes.


The Lakeside Residence.

Until September 1, 2006, all new buyers of one- to two-bedroom apartments in the 35-storey tower will be given shopping vouchers to buy the furnishings of their choice for their newly-purchased and elegantly-designed flats.

'We have received an overwhelming public response since we launched only a few months back with close to 40 per cent of the 358 freehold apartments already sold out. This is our way of rewarding our clients, as well as encouraging others to be a part of this exciting residential project, which offers the privilege and benefits of a master-planned community, as well as one of the truly select few to give residents a spectacular view of the Jumeirah Lakes,' said Juma Ahmed Majid Al Ghurair, Chairman, Al Manal Development.

The Lakeside Residence boasts 358 freehold apartments so designed by world-renowned architects Cadiz International to reflect modernity and stylish elegance, as well as optimize space with aesthetic elevation and landscaping that gives The Lakeside Residence a truly unique presence in Jumeirah Lakes.

'The Lakeside Residence offers a choice between one-bedroom and two-bedroom units with prices starting from just a little over AED600,000 - an exceptional value given its world-class features and amenities,' added Al Ghurair.

Construction on The Lakeside Residence began in April this year as per schedule, and will be completed in 2008.

[DocShergar]

Orange_Manga_SSC Joined SSC today. Currently up to 51 posts all saying the same thing.

Remove this guy ASAP

EDIT: Well at least they got rid of that post!!

[dubaiflo]

in case u haven't noticed, this guy has some 500 posts all saying the same but with different usernames.

they are not able to get rid of him appearantly.

[Dubai-Lover]

height is 129m

[AltinD]

129.4 meters precisely.

[Krazy]

Al Manal Development and Emirates Islamic Bank sign landmark MoU

Al Manal Development and Emirates Islamic Bank (EIB) have signed a landmark Memorandum of Understanding (MoU) to provide mortgage finance to customers wishing to purchase property in the exquisite 'Lakeside Residence', Al Manal Development's AED 300 million flagship venture located at the Jumeirah Lake Towers project.


Mr. Juma Al Ghurair, Chairman of Al Manal Development and Mr. Faisal Aqil, General Manager Retail Banking at Emirates Islamic Bank.

This will be available through the bank's 'MANZILI' home finance services.

The MoU was signed by Mr. Juma Al Ghurair, Chairman of Al Manal Development and Mr. Faisal Aqil, General Manager Retail Banking at Emirates Islamic Bank.

'Our MoU with Emirates Islamic Bank stems from our belief in this substantially solid banking institution along with our strong faith in its reputation as a prominent, well reputed and customer oriented establishment' said Mr. Juma Al Ghurair.

'We foresee a fruitful relationship with EIB going forward and perceive our agreement as a long term one. We plan to launch a number of ambitious projects in the near future' said Al Ghurair.

Emirates Islamic Bank will extend home finance to 85% of the total value of the property to UAE nationals and expatriates with a repayment period of up to 20 years. Customers earning salaries equivalent to AED 8,000 per month or more are eligible for finance depending on the Bank's eligibility criteria.

'The Bank is keen to develop strong relationships with pioneering companies which support the nation's economic growth plans. Al Manal Development is among such companies and we have faith in their commitment to continue with their significant achievements. There is no doubt that this relationship will enable further development of real estate finance operations and positively support community growth as well as the needs of customers,' said Mr. Faisal Aqil.

With MANZILI, customers can choose finance schemes that best suit their needs based on the Islamic finance concepts of Murabaha, Ijara and Musharakah-Ijarah, and are available to the cross section of society. There is minimal documentation required, with the products being highly competitive compared to both Islamic and conventional bank offerings.

The Lakeside Residence is a 35 storey residential tower boasting 358 elegantly designed freehold apartments incorporating advanced intelligent and modern lifestyle features. Construction of these one and two-bedroom units began in August this year, as per schedule and will be completed in 2008.

[THE DUBAI GUYS]

R

[Krazy]

Lakeside Residence passes 75 per cent sales mark

Al Manal Development reports that it has sold more than three-quarters of its prestigious Lakeside Residence project at Jumeirah Lake Towers in well under a year.


Lakeside Residence.

The 35-storey AED 300 million residential tower is currently on schedule for handover at the end of 2008 and has attracted a mix of buyers from the US, UK and Middle East, most who plan to live there.

Chairman of Al Manal Development Juma Al Ghurair says this demonstrates demand is still strong for quality projects in Dubai and he believes it will continue to be so in the immediate future.

'Purchasers can see a lot of progress in the surrounding area and not just new buildings. The metro line is well advanced, new roads are well under way and, in the Jumeirah Lake Towers area, the master developer Nakheel is putting the final touches to the promenade and lake construction.'

Al Ghurair says this has given people confidence to buy off the plans, because they know that by the time they move in at the end of next year the surrounding community will have moved from being a 'work in progress' to a vibrant place to live, work and play.

'Where else could you get such a striking skyline as presented by the Dubai Marina as a back drop to our peaceful waterfront location right on the lake?'

While there are less than a quarter of the apartments left for sale, not all are being put on the market at this time - Al Manal Development intends holding some back until the project is completed.

'There is no urgency for us to complete the sales process,' Al Ghurair says. 'We want potential purchasers to feel that they have been able to take their time and that they have made the right decision on where to buy.'

In addition, Al Ghurair believes there will be a premium to be extracted from sales of apartments ready to move into, and Al Manal Development is keen to maximise its opportunities in this area.

Those wanting to buy one of the apartments currently on the market have a choice of three easy financing options - either through Mashreq Bank, Emirates Islamic Bank or a mortgage plan direct from the developer.

Lakeside Residence was launched in March last year and the ground breaking ceremony took place in April. Sales commenced at the same time.

[Tony 90]

[img=http://img127.imageshack.us/img127/9127/lakesideres1et0.th.jpg]

Finally some progress.

[Imre]

24/May/2007

JLT , A plot spy photos from Almas Tower

[Tony 90]

Rising soon!

[Marina7]

Can someone please give an estimation when this building will be handed over from the latest pictures being posted ?

[Tony 90]

[Imre]

05/November/2007

JLT plot A1,A2,A3

A1 New Dubai Gate 2 (right one , rising)
A2 Laguna Tower (Middle , rising)
A3 Lake Side Residence (left one , red crane is there should be rising soon)

[Tony 90]