#APPROVED: EQUINOX RESIDENCES, F?, Res (Palm Jebel Ali) - SkyscraperCity
 

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Dubai Waterfront and Palm Jebel Ali Developments on Nakheel's second palm and the new surrounding city


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Old September 24th, 2008, 12:40 PM   #1
Julito-dubai
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#APPROVED: EQUINOX RESIDENCES, F?, Res (Palm Jebel Ali)

Kaizen Developments launches Equinox Residences: the first RERA Approved development on the Palm Jebel Ali Crescent.
Wed, 24 Sep 2008 08:50 AM



Kaizen Developments has announced the launch of Equinox Residences, an AED 715 million development on Crescent A of Palm Jebel Ali. Equinox will comprise of 21 floors of residential living, offering 1-4 bedroom, duplex, and penthouse apartments, each with its own allocated parking. Known for its ethos of ‘Responsible Luxury’, Kaizen Developments have positioned Equinox Residences as its flagship project on Palm Jebel Ali. Equinox will deliver the ultimate in luxury, providing sea views from all apartments. Equinox has direct beach access and includes luxury facilities including smart home technology, Bosch designer kitchens, Bose home theatre systems, on-site nutritionists, fitness trainers, concierge and chauffer car services.



http://business.maktoob.com/NewsDeta..._Crescent_.htm
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Old September 26th, 2008, 11:22 AM   #2
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Pre-Launch Floors available at this property now

Pre-Launch for full floors at Equinox now available direct from developer.

Contact me by return mail or phone, floors are selling fast already!

Thanks!

Chris
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Old September 26th, 2008, 04:24 PM   #3
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do u have any render for this project or location map .
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Old September 27th, 2009, 11:10 AM   #4
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from developer website



http://www.kaizendevelopments.com/developments_uae.html
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Old November 10th, 2009, 04:17 AM   #5
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Dubai developers disappear

by Matt Warnock on Nov 9, 2009

The international real estate firms Cirrus Developments and Kaizen Developments, responsible for hundreds of millions of dollars worth of developments in Dubai and across the region, have disappeared without trace.

All websites for the companies behind high profile planned projects, such as Cirrus’ Aquarius Gate in the Waterfront area, and Kaizen’s Equinox Residences at Palm Jebel Ali, are no longer online, while calling listed phone numbers has proven fruitless.

Cirrus Developments had been developing the Celestial Heights mixed-use project of three towers in the Downtown Jebel Ali master development; however, that project is now being looked after by a firm called Catalyst Project Consultants.

“Cirrus was part of phase one of Celestial Heights, then the owners appointed Catalyst,” explained Catalyst Project Consultants’ director Israr Ahmed.

“Cirrus have downsized and moved offices, but they handed over all work related to the project over a two month period.”

Ahmed added that Catalyst Project Consultants was “not at all” related to Cirrus Developments while admitting that they did have links to Kaizen Developments – the other company whose logo featured on early Celestial Heights marketing materials.

The last number he had for Cirrus could not be connected.

Last July, Construction Week reported on a similar story where there was confusion between another developer Casamia Star FZE and Casamia Star Gesamtplanung, one of which was responsible for building the Frankfurt Residence in Ajman’s Marmooka City, but neither owned up to it. Although, Casamia star boss Israr Yousaf went missing and later resurfaced in Pakistan, confusion remains over the status of the development or the location of investors’ money.

Dubai’s Real Estate Regulatory Agency (RERA) confirmed to Construction Week that a developer by the name of Kaizen One Investment Limited was still an approved developer, however the phone number that RERA had registered for Kaizen now belongs to a general trading company, rather than the developer.

Significantly, the registered website that RERA had for Kaizen One Investment Limited was www.cirrusdevelopments.com. That site can no longer be accessed.

Construction Week was eventually able to make contact with Cirrus Developments. A member of staff said: “Due to the [financial] crisis, we have suspended the brokerage”, going on to insist that, in spite of not appearing on RERA’s list of approved developers, the development side of the company was still in operation.

Both the public relations firms that had represented Kaizen and Cirrus in the past confirmed that they were no longer their clients.

Construction Week has been unable to contact Kaizen Developments at all.

http://www.constructionweekonline.co...ers-disappear/
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Old December 5th, 2009, 09:01 AM   #6
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Dear Valued Client,



As you are aware, Cirrus Developments LLC (“Cirrus”) was providing real estate development services to:

· Aquarius Gate’s developer, D10AWF Investment Ltd. (“D10AWF Developer”);

· Sienna Square’s developer, DJA414 Investment Ltd. (“DJA414 Developer”); and,

· Celestial Heights’ developers, (“Celestial Developers”).



Unfortunately, due to the financial and economic crises, Cirrus was forced to close down its office. In May 2009, Cirrus coordinated with Screampoint (who monitors the developers and projects in Dubai on behalf of Dubai's Real Estate Regulatory Agency) to audit all of the above-mentioned projects. Please visit 'www.rpdubai.com' and search for Aquarius Gate, Sienna Square, and Celestial Heights from the Projects menu for the official reports respectively. Or click here to download the pdf version of the reports. Upon obtaining the Screampoint’s reports, Cirrus handed back the projects to D10AWF Developer and DJA414 Developer in May 2009, and effective June1, 2009, no longer provides any services for Aquarius Gate and Sienna Square.

http://www.cirrusdevelopments.com/
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Old December 28th, 2009, 06:07 PM   #7
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Kaizen puts project on temporary hold as it mulls strategy

[IMG]http://i50.************/2iqoiyo.jpg[/IMG]
Equinox Residences is planned to be constructed on the Crescent A of Palm Jebel Ali. (SUPPLIED)

By Parag Deulgaonkar on 12/29/2009

Kaizen Developments will revisit its Dubai strategy in the third quarter of 2010 as it has temporarily put on hold its Equinox Residences, a Dh715 million development, on the Crescent A of Palm Jebel Ali, said a senior company executive.

"We have put the project on hold due to the current market conditions. We have not cancelled the project but will make a strategic decision when the market is conducive," S Fayyaz Hassan, Chief Financial Officer, Kaizen Developments, told Emirates Business.

"We did not sell any part of Equinox Residences and had just showcased the project during Cityscape 2008. We have now adopted a 'wait and see' policy and will revisit our strategy next year," he added.

Equinox will comprise 21 floors of residential living, offering one- to four-bedroom, duplex and penthouse apartments each with its own allocated parking.

The project promised direct beach access and luxury facilities such as smart home technology, Bosch designer kitchens, Bose home theatre systems, on-site nutritionists, fitness trainers, concierge and chauffer car services.

In a press statement issued in September 2008, Kaizen said it plans to begin construction in the first quarter of 2009 with the project expected to be completed by December 2010.

Kaizen has also pushed back plans to launch a project in Dubai Maritime City.

"We have a plot of land there but now the plan is on hold," Hassan said.

Real estate experts have said that developers have to understand the market realties and conduct feasibility studies before launching any project in the region.

Hassan said the company is studying the prospects of entering the mid-income housing segment in the Middle East and North Africa (Mena), primarily Saudi Arabia. "We are looking at the Saudi market in particular and Mena in general. But no final decision has been taken as of yet," Hassan said.

Earlier this year, Jones Lang LaSalle said future demand for affordable housing in Saudi Arabia will provide significant opportunities for both developers and investors over the next few years. The country faces a potential shortfall of up to one million housing units over the next three years, driven by demand by the young, fast growing and rapidly urbanising population.

This demand for new space is not currently being matched by the supply of quality residential accommodation at affordable prices.

A recent AT Kearney report on 2010 emerging market said that Saudi Arabia was among one of the best investment opportunities in the world.

Kaizen Developments has three projects in Turkey.

The Valikonagi Residence consists of both residential apartments and commercial retail space, offering 16 exclusive studio, two-bedroom and duplex apartments.

In the United Kingdom, the developer is building The Hampstead Residence in suburban London.

The project comprises 18 residences, including 15 two-bedroom and three three-bedroom apartments.

"Work on these projects are ongoing. One of the Turkey projects is nearing completion," Hassan added.

http://www.business24-7.ae/Articles/...b2010890d.aspx


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Old December 30th, 2009, 08:05 PM   #8
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Who are the owners (individuals) of this project?? Does anyone have any information?
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