#TOPPED OUT: THE SQUARE (7 low-rise residential buildings) (Al Mamzar)

[Krazy]

The Square – Urban comforts + beachfront luxury

Overlooking the lazy shores of Al Mamzar, in Deira Dubai is The Square, a subtle yet striking community retreat. Al Mamzar with its enticing lagoon, idyllic environs and picture perfect parks is one of the most sought-after residential districts in Dubai. The neighbourhood recently acquired a 4 km jogging track alongside the lagoon and in the near future, the Dubai Central Library will be shifting there. For shopping, The Century Mall, housing the popular hypermarket, Carrefour is just a stone’s throw away.

The Square comprises 7 low-rises surrounding 6000 square metres of gardens and water themes. In keeping with the ambience created by this magnificent setting, the buildings are named Ayka (bushy tree), Tala (Small palm), Dalia (vine),Sendian (oak), Al Zan (beech),Afnan (brances) and Al Neem

Property at a glance
Name The Square
Property at a glance
Location Al Mamzar, Deira
Property at a glance
Status Under construction
Property at a glance
Type Residential
Property at a glance
Attractions
- Consists of 7 low-rise buildings
- Offers studio, 1, 2 & 3 bedroom apartments & garden homes
- Scenic views of Al Mamzar beach
(neem).Distinctly neoclassical in style, the complex features Arabesque and Moorish domes, trellises, wind-tower shapes, colonnades and latticework roofs

The choice of homes at The Square has been designed to meet a variety of requirements and budgets. Buyers can choose from spacious and well-appointed studios, one, two and three bedroom apartments or two – three bedroom garden homes.

[Krazy]

[guy_in_dubai]

no dif design...the same as usual

[THE DUBAI GUYS]

looks very old town like at the BD. but hey its good for the area!

R

[DG]

didn't expect they would develop that area this much, well its cool

[dubaiflo]

this is not freehold i guess.. otherwise, investors heaven.

[THE DUBAI GUYS]

Omniyat Holdings launched with capital of $250 million
[Wednesday, November 1, 2006 3:55:00 pm]

Almasa Holdings, the Dubai-headquartered conglomerate specialising in information technology and real estate, has unveiled a new company ‘Omniyat Holdings’ to become the parent organisation for its successful property development arm, Omniyat Properties.

Omniyat Holdings has been created with an authorised capital of US$250 million (AED 918 million), and an initial paid-up capital of US$100 million (AED 367 million). The company will manage Omniyat Properties and future companies, investments and business ventures, and will identify viable opportunities in the region, with an emphasis on the property sector.

“An impressive track record of success for Omniyat Properties, together with favourable market conditions in the property development sector, has prompted the board of directors to establish Omniyat Holdings as the vehicle for Omniyat’s horizontal expansion in the property sector. The first company to be unveiled under the Omniyat Holdings umbrella will be a public company that will be listed on one of the main international stock markets,” said Mehdi Amjad, President and CEO, Omniyat Holdings & Almasa Holdings. “The value of developments in Dubai is projected to reach US$100 billion (AED 367 billion) over the next few years, and the aim of Omniyat Holdings is not only to continue to expand Omniyat Properties and become one of the leaders in the property development sector, but also to seek out and invest in new business ventures that will benefit directly or indirectly from this major element of the economy.

“During its first year of operations, Omniyat Properties has successfully managed to launch and sell four commercial and one residential project, with a value of US$ 733 million (AED 2.7 billion). We anticipate that the company will build upon its current momentum, and the value of projects under development will increase to US$ 2.71 billion (AED 10 billion) by 2007,” Mr Amjad added.

The formation of this new company will contribute to the group’s economic success by complimenting and enhancing its existing property development business and generating new income streams through a future portfolio of investments and companies. Almasa Holdings will concentrate on the information technology sector, which will allow Omniyat Holdings to focus more closely on the development and real estate sectors. A series of new property related projects and companies are already in the pipeline, with the launch of the first company coming within the next month.

“We have already assessed various opportunities and ventures for Omniyat Holdings to undertake, which will contribute to our new philosophy of ‘enhancing future living’,” commented Ehab Shouly, Chief Marketing Officer, Omniyat Holdings. “Omniyat Holdings will provide the necessary financial resources, management supporting services and flexibility to continue driving the success of Omniyat Properties by complimenting its business model with future projects and services, and also functioning independently so that opportunities in or related to the property sector can be assessed for potential future investments.”

Omniyat Properties has already launched four commercial towers, One Business Bay, Bayswater, The Binary and Gemini all within the boundaries of Dubai Business Bay. The first residential project, The Square, has already experienced significant sales success with phase-one being sold out within the first three days of launch.

R

[THE DUBAI GUYS]

R

[Face81]

cool project and flo it seems to be free hold as well...

[superstar436]

as I said before dubai should have more of these. Alot more. It is very arabic / gulfish instead of western homes. I have nothing against western looks in terms of design but this is dubai not california

[malec]

I like this development as well, seems very nice

[bizzybonita]

speedy progress from tanmyat development...when i was yestarday near alshbab club at al mamzeer.

[bizzybonita]

u/c stauts

[Opus 2009]

Originally Posted by Face81

cool project and flo it seems to be free hold as well...

Don't think this is freehold. 30 year leasehold if I remember correctly, when I called up to enquire last year.

[Ni3lS]

Like the design of this buildings, looks like the buildings in project Wadi Walk

[Sander-]

I really like these If projects like these keep coming up it'll be make the look and feel of the city more arabic.

[dubaiflo]

Is this now indeed freehold? WTF?

[bizzybonita]

C/U 5/9/08

[BenjiDXB]

ask bitter homes if it s freehold or not, they would know...but I dont think it is...that location would not allow freehold...

[majidpucit123]

Aconex,
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