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Thu 18 Oct 2007 05:22 PM

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Best of the rest

A look at some of the biggest and best developments from this week's Cityscape real estate expo.

A look at some of the biggest and best developments from this week's Cityscape real estate expo.

ETA Star

ETA Star real estate developers showcased projects worth US$1.36bn leading with ‘La Italia' its first mega project worth US$680m. The development will be an Italian themed residential community formed from various clusters including Venice, Rome and London, all of which will be "traffic free" and low rise, according to the company. Located in Dubailand in the Falcon City of Wonders area, ETA Star has previously launched successful projects in various major developments including the Dubai Marina, Jumeirah Lakes Towers, Dubai International Finance Centre, Business Bay and the International Media Production Zone.

Asteco

Formed in 1985, Asteco launched its Four Seasons Ocean Residence at this year's Cityscape. The enormous 48,600 tonne, 719ft vessel comprises of 112 residences. Prices will range from US$4m for a one-bedroom apartment, to US$42m for a multi-floor penthouse, covering an area between 800 sq ft to 8000 sq ft. The maiden voyage is scheduled to take place in 2010, with an itinerary for the first two years that will include visits to Antarctica, the Amazon, London for the 2012 Olympic games and Monaco for the annual Formula One Grand Prix. The vessel will also house spas, restaurants, a casino, gourmet market, putting greens, a golf simulator, retractable marina and a business centre with meeting rooms and video conferencing.

Limitless

Limitless, a mass real estate developer founded in 2005, announced ambitious plans to construct an entirely manmade canal through Dubai, extending 75km from the Dubai Waterfront inland, into what is currently desert, before heading back towards the Palm Jumeirah. The 150m wide, six-metre deep canal is expected to take three years to complete and cost approximately US$11bn. As part of the Arabian canal development, Limitless is planning to launch a US$50bn sister development on the waterfront which will stretch 33km across the inland section of the waterway. Work is expected to commence at the end of 2008 and will be completed in installments across a 15-year period.

RAK Properties

RAK Properties unveiled RAK Tower, a development planned for location Al Reem Island in the Marina square development. The 43-storey tower will cost US$81m and will contain one, two, three and five-bedroom apartments alongside penthouses, all of which will be fitted with smart home technology, including 24-hour surveillance. The company launched its initial project in February 2006, the twin unit of offices and residences, 43-storey Julfar Towers, with completion expected in 2008. This development was followed shortly after by the launch of the US$2.7bn Mina Al Arab in May 2006.

James Law Cybertecture International

Founded in 2001 by James Law, the Cybertecture concept - a striking combination of architecture and innovative technology - is currently involved in the design and development of "The Pad" with Omniyat, located in Dubai's Business Bay.
Completion is expected in 2009. According to the company The Pad is one the world's first full cybertecture apartment tower with intelligent rooms, voice control, artificial intelligence, automated parking and "morph-able furniture". Among many other innovative projects in the pipeline and under construction, James Law Cybertecture International is involved in two residential developments on Dubai Waterfront, both of which will host major steps forward in home technology.

Tameer

At this year's Cityscape event, Tameer officially announced the launch of it's three newest projects; Platinum Towers in Business Bay, Tameer Towers in Shams Abu Dhabi and displayed models of it's latest international project in Jordan, Al Majd City, beginning sales of the 18,500 residential units. Tameer announced it's third venture into Dubai's Business Bay earlier this year with the new Silver Tower, scheduled for completion in 2009. All units for the Silver Tower were sold out just two weeks after it was launched. Alongside being an office, the tower will host swimming pools and a mini golf course. The development is expected to reach an estimated construction value of US$122m.

Nakheel

Working with the international consultancy the Sustainability Advisory Group, Nakheel announced that it had conducted an investigation into the sustainability of its construction and real estate development in Dubai. It used Cityscape 2007 to showcase satellite images of Dubai from 1973 to the present day, followed by a projected image of what Dubai is likely to look like in the future from the same perspective. These images show how influential Nakheel's developments have been on the growth of the emirate, with the Palm projects and The World, and how influential it is set to be as each project is completed over the next decade. On the Palm Jumeirah alone, there will be 30 hotels, which will increase the number of beachfront hotels in Dubai by 70%. The company also unveiled a 13m scale of model of Dubai, suggesting how the city will look in the future.

Tanmiyat

Tanmiyat promoted its new Commercial Towers that will be located in the Living Legends area of Dubailand. It also showcased launched venture Ajman Marina. This will be built next to the Kempinski Hotel in Ajman over the next five years, providing accommodation for up to 21,000 residents. Tanmiyat aims to transform the Ajman coast into a commercial and residential resort.

Al Mazaya

Al Mazaya's current projects have a total investment volume of US$1.9bn, which is set to grow considerably after this year's Cityscape. The company showcased its latest electronic technology, while conducting detailed presentations across it's various pavilions.

A US$7m contract has just been signed between Al Mulla Group and Al Mazaya for the supply, installation and maintenance of electrical mechanical parts and equipment for Al Mulla's ‘7 Zones' project - a construction materials city, situated in the Shuwaikh Industrial Area of Kuwait. Al Mazaya has purchased land in Bahrain in order to erect another construction materials city. The company is also gearing up to bring the concept into Abu Dhabi, Dubai and Jordan.