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The Villa project: Dream turned nightmare
These investors who had bought off-plan properties in the $163 million (Dh599 million) The Villa project near Dubailand at the junction of Emirates Road and Al Ain Road say they have not got what was advertised. According to him, the original location for the development was supposed to be near Global Village, but it was moved by seven kilometres to the current location.
High hotel occupancy rates in Dubai despite 2009 downturn
Dubai hotels are enjoying high occupancy rates once again, an indication the emirate has not lost its appeal, following the global economic downturn and bad publicity over its debt crisis. There are more than 350 hotels that offer some 44,000 rooms in Dubai.
Guidance on how to make corporate marriages work
Others have been tried, such as the failed talks last year between Emaar Properties, Dubai’s biggest developer, and Dubai Properties, Sama Dubai and Tatweer.
National Bonds looks abroad to diversify
National Bonds, which is owned by the Dubai Government, Emaar Properties, Dubai Bank and Dubai Holding, uses the proceeds to make investments. The company must give a minimum of 20 per cent of its overall profits to the bondholders, with the remainder divided among its shareholders.
Project developer Designer and Builder
Developer Tatweer – part of Dubai Holding – plans a AED106bn [£15.4bn, 22.5bn euro, US$28.8bn] mixed-use primarily hotel project called Bawadi in the mega entertainment complex of Dubailand. The remaining AED63bn (£9.2bn, 13.4bn euro, US$17.2bn) is expected to come from investors.
Dubai’s Bawadi Project
The first part of the complex will be the Asia-Asia Hotel, which alone will provide 6,500 rooms. The development will also house a series of entertainment centers, shopping malls, theaters, restaurants and convention centers, catering to all the varied interests of tourists to Dubai.
Tatweer to develop AED 100 billion Bawadi projectTatweer to develop AED 100 billion Bawadi project
Bawadi project has been conceived to develop capacity for the forecast dramatic increase in tourism to Dubai, which is set to reach more than 15 million visitors over the coming years, compared to the current six million tourists who visited the Emirate in 2005.
Bawadi by Tatweer in Dubai
Bawadi by Tatweer in Dubailand, Dubai: A state-owned Dubai company plans to build a Dh100 billion tourist and leisure resort in the city that will feature a cluster of 31 hotels, including the world’s biggest, and some 100 theatres presenting live cultural shows.
