#APPROVED: AQUARIUS GATE (Madinat al arab) - 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 April 7th, 2008, 11:50 AM   #1
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#APPROVED: AQUARIUS GATE (Madinat al arab)

http://aquariusgate.com/




Location: http://wikimapia.org/#lang=en&lat=24...71412&z=17&m=b

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Old April 8th, 2008, 07:14 PM   #2
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Finally we have the section!!!

Towers can come!! Nice one here!!
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Old April 10th, 2008, 05:33 PM   #3
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Cirrus has announced plans to launch Aquarius Gate




Tuesday, April 08, 2008
Cirrus has announced plans to launch Aquarius Gate, a Dh.3billion mixed-use project at Nakheel's Waterfront Development.

The development will be the first one at the waterfront to house commercial and residential units, apart from also being the first to have an approval for operational trust account from Nakheel, and also the first to gain approval to sell properties from the Dubai Land Department.

Aquarius Gate is a mixed-use development comprising residential and commercial units at Madinat Al Arab, in the heart of Dubai. The beachfront community in the Waterfront will be adjacent to the beaches, a Metro-station, restaurants, shops, parks and other amenities. One side of the development will feature an art wall, which depicts the various Islamic cultures from around the world.

The commercial tower of the development offers panoramic views of the Arabian Gulf and the Palm Jebel Ali from its 29 storeys. The residential tower, on the other hand, offers views across the Marina, the Canal and the Palm Jebel Ali. The residential tower will include single, double and triple bedroom units, apart from townhouses.

Aquarius Gate is the second major development by Cirrus in Dubai. The Celestial Heights in Downtown Jebel Ali was the first. The Waterfront, located along the western shores of Dubai, will transform the 1.4bn square feet of empty desert and sea, into an international community. It will serve an estimated 1.5mn population and will be twice the size of Hong Kong.

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Old April 11th, 2008, 11:46 PM   #4
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At this launch people went crazy and were fighting for buying 2 BR for 2.8 - 3.5 M...... unbelivable !!!!
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Old April 12th, 2008, 02:25 AM   #5
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LOL there more n more project will desirve to die for it ...
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Old April 12th, 2008, 07:35 AM   #6
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Quote:
Originally Posted by cugeneva View Post
At this launch people went crazy and were fighting for buying 2 BR for 2.8 - 3.5 M...... unbelivable !!!!
Great to hear of such demand [fighting? lol] for these Waterfront projects though.
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Old April 13th, 2008, 03:06 AM   #7
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Old April 21st, 2008, 10:26 AM   #8
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http://www.youtube.com/watch?v=LjrX3vRIQiM

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Old April 21st, 2008, 11:09 PM   #9
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Sweet vid...i didn't know that it had such a good location, for some reason i thought it was a good tower in a bad location like zero five zero
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Old April 22nd, 2008, 02:37 AM   #10
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Quote:
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Old April 22nd, 2008, 02:40 AM   #11
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Secrets of successful off-plan property purchases in Dubai

United Arab Emirates: Sunday, April 20 - 2008 at 11:17

The developer of Aquarius Gate in Dubai has just announced a sell-out to investors in the pre-launch phase. This $820m mixed-use project at Nakheel's Waterfront, opposite the Palm Jebel Ali, is just the latest example of successful Dubai off-plan sales. But recent controversy surrounding Damac Properties' Palm Springs has raised questions about buying off-plan.

http://www.ameinfo.com/153868.html
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Old April 22nd, 2008, 02:44 AM   #12
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check again the website there alot of good renders
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Old April 22nd, 2008, 03:09 AM   #13
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But they could suddenly and mysteriously "disappear" bizzy lol
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Old May 2nd, 2008, 02:25 PM   #14
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Old July 30th, 2008, 12:43 PM   #15
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Buying and selling isn't allowed here. For that please use a property forum like www.totallyproperty.com.
Feel free to post other stuff though.
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Old August 4th, 2008, 06:27 PM   #16
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render without sales issue


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Old August 5th, 2008, 09:17 AM   #17
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Is this thread for the whole project or the tower??

Tower has 29 floors. Own thread??
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Old August 5th, 2008, 11:44 AM   #18
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Quote:
Originally Posted by Stephan23 View Post
Is this thread for the whole project or the tower??

Tower has 29 floors. Own thread??
For the whole projects
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Old January 19th, 2009, 06:56 AM   #19
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Cirrus starts construction at Waterfront

Cirrus Developments has recently become the first third party developer to start construction at Nakheel's Waterfront project with enabling works getting under way at the Dh3 billion Aquarius Gate.

"We have overcome various challenges due to current market conditions, which are affecting all developers, and are proud to be the first developer to start construction at Waterfront," said Behnam Eshragh, Chairman and CEO of Cirrus Developments. The project is expected to complete by the second quarter of 2011.

The development comprises two towers – one residential and one commercial – and is located in Madinat Al Arab, the beachfront community at Waterfront.

Work is on schedule with two-metre deep excavations completed on site and 50,000 cubic metres of earth shifted from site.

Marwan Al Qamzi, Managing Director Waterfront and Palm Jebel Ali, Nakheel, said: "We congratulate Cirrus for being the first developer to commence construction at Waterfront. This is another great milestone for Waterfront; major civil works and infrastructure have already commenced at Madinat Al Arab and last year we commenced flooding of the eight kilometre Palm Cove Canal."

Rehan Khan, Chief Operating Officer at Cirrus, said Nakheel is in advance stage in terms of infrastructure for this plot. "When it comes to Phase One of the Waterfront project, which is the Madinat Al Arab, Nakheel is going full steam ahead and is very advanced in its infrastructure works," said Khan.

"As an example, our plot has all the house connections in terms of sewerage, stormwater and so on."

The developer has already commissioned the enabling, piling and shoring contract to the German-based firm Zublin. "They will be on site until September," he said.

"The plot is a large and we have already completed two-metre deep excavations." Khan did not disclose the value of the contract but said that Zublin has started work on site last month.

"We are now starting shoring works on site," he said. "We expect to appoint the main contractor in August this year through tendering so that there is a smooth handing over of the project. We will go for tendering since the market is now a developers' market as opposed to being a contractors' market. All the contractors now are hungry for projects, which have cash. They are being flexible now with projects that are happening since a lot of projects have been delayed or put on hold. The last year and a half had seen a contractors' market but that has changed now."

Cirrus has made modifications to the design, he said.

"But nothing significant. We have tried to maintain the Leed Gold requirement by Nakheel and that has been quite challenging," he added.

Market conditions notwithstanding, Khan said the project is on progress since most of the units were picked up by long-term investors who actually wanted to live there. "Our rate was good value for money and we had customer loyalty. We also started construction, which according to the customers proved that the project is moving ahead."

One side of the development is planned to be dedicated to an art wall, which will showcase Islamic art from around the world.

"We plan to commission some Emirati and GCC artists and their works will feature the theme of Madinat Al Arab," he said.

Cirrus's other project, Celestial Heights in Downtown Jebel Ali, is progressing well, he added. "We are about to finish the enabling, piling and shoring and will announce the main contractor in two weeks," he said.

http://business24-7.ae/Articles/2009...d71eeb698.aspx
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Old March 27th, 2009, 04:23 AM   #20
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Cirrus offers stake in $817m Waterfront project

[IMG]http://i42.************/ff5lq9.jpg[/IMG]

by Alex Delmar-Morgan on Thursday, 26 March 2009

Cirrus Developments has become the latest property company in the UAE to help cash-strapped investors by offering a stake in one of its projects.

Dubai-based Cirrus plans to create the New Project Company, which will develop the $817m commercial and residential Aquarius Gate project at the Nakheel Waterfront in Jebel Ali.

The new company will be 30 percent owned by the developer and 70 percent by investors and will be registered with RERA (Real Estate Regulatory Authority).

Shareholders will be consulted on the building of the scheme and will be entitled to profits, paid out in a dividend on completion of the project.

The offer will only be available to investors who have paid or are willing to pay 30 percent of the purchase price of the property.

While the developer has admitted this is a loss-making initiative, it said it was necessary to prevent widespread defaulting on the project, particularly off-plan units launched in 2008 at the height of the property boom.

“The purchasers of units in these projects run the greatest risk of default,” Behnam Eshragh, chairman and CEO of Cirrus said.

“Our proposal will allow us to maintain our relationship with our purchasers which is very important for us, and ensures the project will be completed successfully through a collaborative profit scheme for all purchasers involved in the project,” he continued.

With banks charging high interest rates making loan repayments more expensive and widespread job cuts, the risk of default in Dubai has risen sharply.

Last week, another Dubai developer, Deyaar, said it would slash prices on some of its projects and soften payment plans to mitigate against the risk of defaults.

http://www.arabianbusiness.com/55072...-dubai-project
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