Tag - Dubai

Kleindienst Group Launches The Floating Venice – the World’s first Underwater Luxury Vessel Resort

Kleindienst Group Launches The Floating Venice – the World’s first Underwater Luxury Vessel Resort

DUBAI, UAE/ September 11, 2017 (StlRealEstate.News) —Kleindienst Group today launches The Floating Venice, the worlds first underwater luxury vessel resort at Cityscape Global. Valued at 2.5Bn AED (680m USD), The Floating Venice will be located in The World islands, 4km offshore from Dubai and will bring an authentic Venetian experience to the Middle East.

(Photo: http://mma.prnewswire.com/media/553577/The_Floating_Venice.jpg )

(Photo: http://mma.prnewswire.com/media/553578/Underwater_Luxury_Vessel_Resort.jpg )
(Photo: http://mma.prnewswire.com/media/553579/Kleindienst_Group_Resort.jpg )

This unique floating resort has a capacity of up to 3,000 guests daily, with accommodation, restaurants and recreation split over 4 decks, one of which is underwater. Guests will arrive by boat, seaplane or helicopter to the main Piazza San Marco where they can check-in at the underwater lobby. Gondola’s imported from Venice will transport guests to their cabins through the winding canals, or alternatively a short stroll through canal side walkways and bridges will take them to their awaiting cabins.

There will be a range of 414 bespoke cabins arranged over 4 decks, one of which is underwater giving spectacular views of the coral reefs below and passing gondola above. A plethora of elegant boutique hospitality spots and traditional artisanal shops will bring the Venetian experience to life. Throughout the year The Floating Venice will be a celebration of culture and the arts, where traditional festivals such as Carnivale di Venezia, Binnale di Venezia and Festa del Rendentore will bring the resort alive with the flair and heritage of Venice.

As a developer our vision supports and aligns with Dubais ambition to be a leading global destination and home of innovation as the worlds most forward-thinking city. I am extremely excited and proud of The Floating Venice. Our aim is to enhance the landscape of real estate and hospitality and deliver a new iconic experience. The Floating Venice is the epitome of this innovation and spirit, the worlds first luxury underwater vessel resort, Josef Kleindienst, Chairman.

The Floating Venice offers an unrivalled experience for guests where they can relax in one of 24 pools, some of which will have acrylic bases giving amazing views of the coral reefs below. Over 400,000 sq ft of corals will be planted around The Floating Venice from our own on-site coral nursery which will encourage an abundance of sea life. 12 unique floating beaches set against the stunning backdrop of the Dubai skyline are scattered throughout The Floating Venice.

A collection of 12 restaurants and bars offer a variety of entertainment, 3 of which are underwater giving spectacular vistas of the dazzling marine life. Alternatively, the world’s first floating underwater spa awaits to pamper.

The Floating Venice is set to become a new modern marvel and the latest iconic destination for Dubai. Its design echoes the ancient city with its elegant facades and magnificent palaces, the inspiration for the ultimate modern interpretation and natural progression of Venice, a luxury destination like no other.

The Floating Venice is made possible through the new technologies developed creating The Floating Seahorse. Constructed from a mixture of concrete for the underwater sections and marine lightweight materials for the upper decks, The Floating Venice is designed to have a lifespan of at least 100 years. Construction is scheduled to begin in Q1 2018 with completion by Q4 2020.

Kleindienst is the developer behind The Heart of Europe islands and The Floating Seahorse, the world’s first luxury underwater living experience, which are located in the Arabian Sea 4km off the shores of Dubai. More information on the new project can be found at http://www.thefloatingvenice.com

SOURCE: Kleindienst Group

The First Phase of Schon Properties’ Dh3.2 bn iSuites Development is Sold Out

The First Phase of Schon Properties' Dh3.2 bn iSuites Development is Sold Out

DUBAI, UA/ September 10, 2017 (StlRealEstate.News)–Developer Schon Properties highlights the continued strength of the Dubai Hospitality sector

hon Properties, a major developer of quality properties in Dubai, announced that it has sold out i3 – the first phase of its mega hospitality project, iSuites at Dubai Investment Park, close to Dubai South, and the Dubai Expo site.

i3 is a complex of three mid-rise buildings, offering 292 high-end fully furnished hotel apartments with a total built-up area of over 220,000 square feet – that have been snapped up by international investors further expanding Schon’s reach and Dubai’s appeal beyond the legacy source markets of the Middle East and Indian subcontinent. Today both sub-Saharan Africa and the Far East are established and growing source markets with close to 30% of total sales from these regions.

Dubai is an increasingly attractive tourist destination, supported by continued investment in the tourism infrastructure, and hosting of large scale global events. The growth in visitor numbers is driving further investment in hotel accommodation expansion. The number of visitors is expected to grow from 15 million in 2016 to 25 million in 2020.

“Dubai is today a global tourist destination, with infrastructure and attractions that are second to none. With the relentless ambition it’s known for, under the guidance of our wise rulers, and associated growth potential, the savvy investor is seeking to participate in this success story,” Danial Schon, President of Schon Properties, said.

iSuites exceptional location, adjacent to the Dubai EXPO 2020, a short drive to the Al Maktoum Airport transportation hub as well as Dubai Parks & Resorts attractions, and served by a station on the planned Dubai metro extension has attracted many international hotel operators looking to establish a presence for their brands. Investing in a hotel apartment managed by the top international operators has been an added benefit to investors seeking superior returns.

The entire complex includes 21 mid-rise buildings – each having 8 floors not including basement floors – around a manmade swimmable lagoon, the first of its kind in Dubai and a retail promenade offering visitors a plethora of shopping, entertainment and dining options.

“Although individual investment in hotel apartments by retail investors is a novel phenomenon, we are pleased to say that we have sold out i3 – the first phase of iSuites, within a short period of time,” Noorul Asif, Chief Operating Officer of Schon Properties.

Long known for its ultra-luxury developments, Dubai recognises that the next leg of growth is going to come from the affordable segment as it appeals to wider audiences, offers more choice at multiple price points to its visitors and thus structurally protect the sector against cyclical fluctuations at home and abroad.

“Positioning iSuites at 4 stars, addresses a gap in the market today. Tourists, especially families are looking for properties in convenient locations, with superior amenities at affordable prices. iSuites delivers and investors recognise that. With i3 sold out, investors are actively registering ahead of our next launch,” Asif said.

About Schon Properties
Schon Properties, one of the top private real estate developers in the UAE, has an 8 million square feet development portfolio valued at Dh7 billion. A vertically integrated company with over 400 staff, Schon has successfully delivered over 1.6 million square feet of developments to more than 3,000 customers (till October 2016). Schon was the first company in Dubai to launch affordable housing targeting mid-market buyers, and the first company to introduce a post-handover payment plan.

Schon’s Vision 2020 focuses on sustainable income models via hospitality investments next to Expo 2020, shifting focus from sales to retaining assets for sustainable income.

About iSuites
iSuites is a 21 building project (2B+G+8), comprising 2,550 luxurious hotel apartments, 52 restaurants and cafes, and 125,000 square feet shopping mall called the Laguna Centrale Mall. The project aims to serve the shortage of 4-star hotel rooms close to the Expo 2020, Al Maktoum Airport, and Dubai Parks and Resorts. iSuites’ total constructible area is upwards of 2.6 million square feet.

SOURCE: Schon Properties


Fire strikes another tower in the Dubai Marina

Fire strikes another tower in the Dubai Marina

DUBAI, United Arab Emirates/August 6, 2017 (AP) (StlRealEstate.News) — A fire broke out Sunday at another high-rise tower in the Dubai Marina, just days after a blaze struck one of the world’s tallest residential towers in the same neighborhood.

Authorities quickly extinguished Sunday’s fire at the Tiger Tower and said it injured no one. But it rattled nerves after Friday’s fast-burning inferno at the Torch Tower, which is across the street.

The fire Sunday began on clothes left on a balcony on the tower’s 53rd floor, said Capt. Amer Abdulwahab al-Qahtani of the Dubai Civil Defense. He said investigators believe either an improperly disposed cigarette or combustion caused by the late morning heat, which was a sunny 43 degrees Celsius (109 degrees Fahrenheit), ignited the blaze.

Firefighters quickly extinguished the fire, al-Qahtani said. The Dubai Media Office, a government agency, said the “minor fire” caused no injuries.

Early on Friday, an intense fire raged in the 86-story Torch Tower nearby. It was the second time in 2 ½ years that the more than 1,100-foot-tall (335 meters) tower has been ravaged by fire. The Torch, located in Dubai’s popular waterfront Marina district, also caught fire in February 2015. There were no major casualties reported in either blaze.

The Abu Dhabi-based state-linked daily The National reported Sunday that residents of the Torch tower were informed in June that authorities had approved repairs to damage caused by the first fire, and that the building’s insurer was processing the claim.

No work appears to have been done so far to replace any of the building’s exterior cladding. The tower’s developer and management company have not responded to queries into whether the siding was replaced.

Dubai passed new fire safety rules earlier this year requiring buildings with quick-burning side paneling to replace it with more fire-resistant cladding. Authorities have previously acknowledged that at least 30,000 buildings across the UAE have cladding or paneling that safety experts have said accelerates the rapid spread of fires.

By ADAM SCHRECK ,  Associated Press

Fire put out at 86-story residential skyscraper in Dubai

Fire put out at 86-story residential skyscraper in Dubai

DUBAI, United Arab Emirates/August 4, 2017 (AP) (StlRealEstate.News) — Police in Dubai have reopened the streets around one of the world’s tallest residential skyscrapers after firefighters put out a blaze that erupted early Friday in the high-rise, forcing residents to evacuate in the middle of the night and sending chunks of debris plummeting below.

No major injuries had been reported. A few people were treated for smoke inhalation, according to Dubai’s Gulf News website.

Several residents said the fire broke out just after 1 a.m. at the 86-story Torch Tower — a more than 1,100-foot-tall (335 meters) residential building in Dubai’s popular waterfront Marina district. The same building had also caught fire just two-and-a-half years earlier.

The cause of the fire on was not immediately known but in the past, such infernos in Dubai have been linked to highly flammable building cladding — as was the devastating June tower fire in London that killed at least 80 people.
“You never think it’s going to happen to you,” said Alireza Aletomeh, a resident of the tower. “I had cash in there, furniture, paintings. … Many things that are very valuable to me.”

Aletomeh, a sales manager, said he moved to the Torch Tower just three months ago, snagging an apartment on the 54th floor of the luxury tower. He said he was coming home after midnight when building security guards told him to remain in the street because a fire had erupted.

He said his roommate grabbed their passports and that it took him more than two hours to come down the stairway because of the rush of people trying to get out at the same time. At least one woman passed out in the stairway, Aletomeh said.

More than 40 floors of the building on one side were engulfed in flames as residents looked on from below, many in tears. The firefighters battled the blaze for more than two hours.

Dubai’s Civil Defense announced at about 3:30 a.m. that firefighters had brought the blaze under control and said cooling operations were underway. Authorities shared video of the building from the outside later on Friday, showing the entire length of the tower charred on one side.

By midday Friday, a few police cars could be seen in the area, but the streets had been wiped clean of the debris, some of which had fallen on cars parked below.

However, the skyscraper remained closed to residents, some of whom were moved to a nearby and even taller residential tower while others decided to stay with friends. Officials said they were working on providing shelter for those affected and assessing the damage.

The Torch Tower also caught fire in February 2015; there were also no casualties reported in that blaze. Parts of the building were still undergoing restoration work when the second fire broke out early Friday.

In both incidents, fire alarms alerted residents and building staff knocked on doors to ensure evacuation.
Aletomeh, who is now staying with friends, said towers like the Torch should have sprinklers. He wondered why Civil Defense crews did not deploy helicopters to try and extinguish the fire quicker.
“Putting out the fire was the most important thing, which took them so long,” he said.

Simon Bach, a New Zealander who lives in a high-rise across the street, told The Associated Press he saw a few policemen as well as Emiratis in traditional white robes helping people get out. About 10 to 12 firetrucks arrived quickly on the scene, he said.
He said just as the firefighters had seemed to bring the blaze under control, falling debris ignited a part of the building further down.

“It seemed really out of control,” he said. “People were streaming out of the car parks of the building.”
Several skyscrapers in the United Arab Emirates have caught fire in recent years, including a towering inferno that engulfed a 63-story luxury hotel in Dubai on New Year’s Eve in 2016. In that blaze, as in others in Dubai in recent years, residents escaped without major injury.

And on Thursday evening, in the neighboring emirate of Sharjah, an under-construction tower caught fire that raged for several hours as local media and nearby residents posted dramatic images of the blaze.
Earlier this year, Dubai passed new fire safety rules requiring buildings with quick-burning side paneling to replace it with more fire-resistant siding. Authorities have previously acknowledged that at least 30,000 buildings across the UAE have cladding or paneling that safety experts have said accelerates the rapid spread of fires.

While the new regulations are now in place for construction in Dubai and other cities, it’s unclear how authorities will force owners to replace flammable siding with better material.

The tragic June inferno in London prompted Britain to order more thorough testing on the cladding systems of its towers.

Associated Press writers: Adam Schreck, Kamran Jebreili and Malak Harb contributed to this report from Dubai.

By AYA BATRAWY ,  Associated Press