Gulf Construction Online

Real Estate

News in brief

01 November 2018

$200m mixed-use project launched at Al Marjan

UNITED Ventures and Investments has announced the launch of a 300-room hotel and discovery, fitness and history-themed entertainment park at Al Marjan Island in the northern emirate of Ras Al Khaimah, at a total development value of $200 million.

Al Marjan Island currently has over 1,600 operational five-star hotel keys, including Rixos Hotels, Hilton Hotels & Resorts and Accor Hotels brands, and more than 2,000 residential units including Bab Al Bahar residential and Pacific by Select Group.

Welcoming the project, Engineer Abdullah Al Abdooli, the managing director and chief executive of Marjan, says: “At Al Marjan Island, we offer developers a plug-and-play model of purchasing land for development. The mixed-use project will further drive tourism and also catalyse the economy as a leisure attraction for families, sports lovers, and fitness enthusiasts.

Ivan Richard Menezes, the director of United Ventures and Investments, says Al Marjan Island and Ras Al Khaimah offer a unique experience and great potential for investment in tourism and leisure. “Its central location and world-class infrastructure as well as easy connectivity make it an ideal destination for a world-class holiday and entertainment centre for families and tourists alike seeking a holiday that offers them a lot of everything in one location like no other.

“With our development, we are bringing the region’s largest-of-its-kind attraction providing an experience that will have several innovative feel-good, discovery, fitness, historical and thrill-based offerings that appeal to all from the UAE and the world,” he adds.

Damac unit signs landmark deal with Roberto Cavalli

Dico International, the investment arm of Damac Properties, has signed an international hospitality partnership agreement with global fashion house Roberto Cavalli Group.

The landmark agreement will see the launch of Dico’s first iconic hotel in Dubai, followed by sister properties around the world, said the Dubai developer.

The first property, a 220-room five-star hotel outfitted by the eye-catching designs of Roberto Cavalli, will be situated within the signature Al Sofouh, Dubai Marina development.

The tower, scheduled for completion in 2023, will offer unmatched views of the Dubai Media City skyline and Dubai Marina, while the Roberto Cavalli Hotel will feature a infinity pool overlooking the Palm Jumeirah.Blending the flair of Roberto Cavalli with the epitome of luxury living, the agreement will see the first-of-many “Aykon Hotels with interior design by Roberto Cavalli” properties launched in Dubai, remarked Sajwani after signing the deal with Roberto Cavalli Group CEO Gian Giacomo Ferraris.

On the landmark deal, Ferraris said: “Roberto Cavalli unifies the world of fashion, interior and lifestyle, combining the most elegant expressions of luxury with distinct glamour, finest Italian taste with innovative craftsmanship and Mediterranean emotion and energy, full of ‘joie di vivre’.”

“We look forward to working on the first Roberto Cavalli-branded hotel, alongside the real estate pioneer behind Damac Properties,” he added.

Complete with extravagant hospitality facilities befitting the first Roberto Cavalli Hotel, including a private majlis and stylish bridal suite, the property will also host premium-styled F&B (food and beverages) outlets for all types of culinary cravings.

“Lending our distinctive DNA for design to a strategic player in the international luxury development market is an exciting and natural step in our evolution within the lifestyle space,” said Ferraris.

Diyar Al Muharraq launches sale of Bahrain villa project

Diyar Al Muharraq, one of the leading urban developers in Bahrain, has announced the sale of Jeewan Villas located in the southern part of the Deerat Al Oyoun project near the entrance to Diyar Al Muharraq.

The project includes 173 villas for citizens benefiting from the Mazaya social housing programme introduced by the Ministry of Housing, with prices of each villa starting from BD99,990 ($263,300).

The Jeewan Villas combine traditional and modern architectural designs, and they include three differing types, namely, the Modern Tropical Villas, French Chateau Villas and the Classical Art Deco Villas, which are aimed to suit different tastes.

According to Diyar Al Muharraq CEO Dr Maher Al Shaer, these villas will enjoy a strategic position due to their proximity to Dragon City and various amenities, such as schools, shopping malls, a community mosque, and both sports and children’s playgrounds.

“Each villa in the Jeewan project encompasses three bedrooms, a hall, a kitchen, a majlis, an outdoor patio, a garage for two cars, a store, and other facilities. The total built-up area of each villa is 241 sq m, and it can be expanded to 274 sq m to include an additional bedroom and bathroom,” he adds.