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Old November 27th, 2007, 02:34 AM   #81
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POsted by Dubai_Steve


Joel Greene here from Condo Hotel Center. If you’ve been a subscriber to our Property Alerts for a while, then you know how enthusiastic I am about real estate in Dubai, UAE, the fastest growing city in the world.
About a month ago, I received one of those phone calls that I knew was going to “change everything.” The call was from Oliver Hickey, Sales Director of Damac Properties, and here’s what he said:

“You may already be aware of Damac Properties, as we are the largest private property developer in the U.A.E. (United Arab Emirates). Currently we have $1.6 billion worth of projects in development, including 68 projects just in Dubai.

“We have investors from across the globe but I would like to extend our reach to the U.S. market, and I’d like Condo Hotel Center to be our partner in this effort.”

Mr. Hickey went on to say that projects in Dubai would be only the beginning. In the months and years ahead, Damac Properties would provide Condo Hotel Center with real estate investment opportunities worldwide in places like Egypt, China, India and the United Kingdom.

So, what does this mean to you? It means that starting right now, because of our newly-established relationship, you will find out about the newest properties to come on the market in Dubai and other countries where we have never before had inventory.

Damac Properties has given Condo Hotel Center our first two properties to present to you, and that’s what I have for you in today’s Property Alert. These properties, both in Dubai, are at opposite ends of the pricing spectrum.

One is an ultra-luxurious residential waterfront property located at one of the most prestigious addresses in the city, Dubai Marina.

The other is a more affordable project, also top quality, but modestly priced from $151,000, making it ideal for someone who wants to test the waters slowly in investing in the region. It is located in exciting Dubailand, which is where the immense theme parks, sports arenas and resorts are being built (think Disney World on steroids).

Let me tell you a bit more about each property and its unique location.

Property #1: Damac Heights, Life at the Top

Towering high above the prestigious Dubai Marina (more on this exciting location in a minute) and overlooking the infamous Palm Jumeirah Island and Arabian Sea, Damac Heights will be a 95-story signature tower. It will offer exclusive one-, two-, and three-bedroom apartments, duplexes and penthouses.

It will have 95 floors in total, 90 stories of luxury condos and five stories underground consisting of high-end retail shopping, fine restaurants, a health club, a sauna, swim facilities, golf simulator, meeting rooms, elegant banquet area, day-care facilities, game room and valet parking.

The top floors of the tower will contain the penthouse apartments and duplexes. The owners will have additional amenities like a private cinema, personal gymnasium, indoor swimming pool, jet spa and sauna.

The Damac Heights penthouse condos will be 5,000 to 7,000 sq. ft. of splendor located on the 95th floor of the tower.

All of the individual condos will offer spectacular views of the marina, sea or Palm Jumeirah. They’ll have en-suite bathrooms and built-in wardrobe closets.

Damac Heights will have luxurious one-, two-, and three-bedroom apartments and penthouses.

Luxury finishes, upscale kitchen appliances, marble flooring, central air-conditioning, high speed Internet, cable TV connections and state-of-the art security systems will all be standard.

Kitchens will be ultra-modern and have the highest quality appliances and finishes.

Construction on Damac Heights is expected to start in February 2008 and to be completed in mid-2011.

Prices for unfurnished Damac Heights apartments range from $700,000 to $15 million and units range in size from 881 to 7,000 square feet.
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Old November 27th, 2007, 01:27 PM   #82
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http://www.arplus.com/MIPIM/entries/exhibitor_71.html
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Old November 27th, 2007, 01:48 PM   #83
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Wow...awesome pictures. Thanks for updating.
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Old November 28th, 2007, 03:53 PM   #84
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28/November/2007

Damac Heights plot



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Old November 29th, 2007, 07:27 PM   #85
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What a spectacular panorama on the first picture... although it aches me to see two breakdown sites here: the partially collapsed Dubai Marina Bridge and below the Infinity Tower site that got flooded on February 7th. Man, that hole is impressive - I don't get it why they had to dig the deepest just on a site adjacent to the water.

And I hope for the sake of Damac Heights, that its ground will stay dry right next to Infinity Tower.

By the way - what's getting built on the other waterside?

PS.: do I have to mention that all your recent Marina bird's eye views rock, Imre? ... Yes, I do
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Old December 6th, 2007, 05:33 PM   #86
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06/December/2007

Damac Heights



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Old December 26th, 2007, 10:11 AM   #87
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I think DAMAC is the only company that takes longer time to decide to start a project than the real construction time of it!
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Old December 26th, 2007, 11:14 AM   #88
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That's true, however in this case they can't start work before Infinity tower on the adjacent site has reached the ground level but considering that 10 months after the flooding accident they (@ Infinity) haven't been able to stop the water penetrating the site yet, none knows when this building can start even if Damac will be ready to do it.
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Old December 27th, 2007, 08:49 AM   #89
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Did'nt stop the water flooding problem since 10 months!
This might lead to 2 things: either they will build it somewhere else, or they will reduce the hieght( again!).

There are many towers and some taller in the same ground of that area with not many similar problems, but I guess even nature is not happy with DAMAC performance.
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Old December 27th, 2007, 10:50 AM   #90
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You are completely wrong, in every sentence of your post.
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Old December 28th, 2007, 02:22 AM   #91
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I love Dubai. If it was not so expensive I would live there.
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Old December 29th, 2007, 10:42 AM   #92
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but the render of this building did change because of this water problem, it was 100 plus floors (maybe 115 I'm not sure , but more height than this one for sure) and they reduced it.
I remmeber talking to a sales lady in DAMAC booth about it and she told me that happened becuase in that ground you cant dig deeper!
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Old January 4th, 2008, 11:26 AM   #93
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04/January/2008

Damac Heights

Soil testing







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Old January 9th, 2008, 01:28 AM   #94
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Quote:
Originally Posted by FM 2258 View Post
This tower looks gorgeous.
Exactly .
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Old January 18th, 2008, 10:55 AM   #95
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18/January/2008

Damac Heights



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Old January 18th, 2008, 03:56 PM   #96
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Still approved ?
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COSTANERA CENTER with 300m and 64 fl.
Latin American's Tallest Building...
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Old January 18th, 2008, 04:37 PM   #97
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the design looks great, hopefully it gets going soon
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Old February 1st, 2008, 11:04 AM   #98
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01/February/2008

Damac Heights

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Old February 9th, 2008, 11:13 PM   #99
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The model:

[IMG]http://i30.************/2u7tz15.jpg[/IMG]

[IMG]http://i25.************/333iudj.jpg[/IMG]

[IMG]http://i27.************/5mfsqd.jpg[/IMG]
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Old February 9th, 2008, 11:16 PM   #100
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Quote:
Originally Posted by RSG View Post
I love Dubai. If it was not so expensive I would live there.
it's not that expensive. atleast compared to european cities. I thought dubai was actually a bargain for many things (from food to cars), when I visited it.
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