Danube Properties’ portfolio hits Dh1.5bn
SPOTLIGHT
Imdaad appoints Gary Reader as Director
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mdaad, a leading provider of integrated facilities management and waste management solutions in the GCC, has announced the recent appointment of Gary Reader as the Executive Director of Facility Management. He will provide new strategic directions to the rapidly expanding department and lead the FM team through his experience and expertise to deliver high standards of service to clients. In his new post, Reader will plan, direct and monitor the activities and operations of the FM division and coordinate assigned activities with other departments and outside agencies. g
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More parking at Dragon Mart
akheel has more than doubled the number of parking bays at its growing Dragon Mart retail complex in Dubai with the opening of a new multistoreyed car park that accommodates 4,500 vehicles. Located at Dragon Mart 2, Nakheel’s newly-opened, 1.9 million square foot extension to Dragon Mart, the new spaces bring the total number of bays at the retail hub to over 8,200. Parking is free of charge. Dragon Mart 1 and 2 are just a couple of minutes’ walk from each other, allowing shoppers to use either the new or original, 3,700-space car park to visit both malls.g
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Gulf Property
TDIC monitors Louvre Abu Dhabi progress The Louvre under construction on Saadiyat Island in Abu Dhabi
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ourism Development and Investment Company (TDIC) announced that Louvre Abu Dhabi is 25 per cent complete following the commencement of the installation of 30,000 square metres of natural stone paving. Louvre Abu Dhabi recently celebrated the completion of the outer cladding on its iconic 180 metre wide dome; work is also progressing on the museum’s main gallery spaces, the basement levels, and the entrance and administration buildings. A significant next step in the museum’s construction is the removal of the 14-metre deep temporary concrete hydraulic cut-off walls currently built in the sand so that work could commence on dry land. Once that takes place, seawater will then be allowed to flow in gradually until the museum appears to be gently floating in the sea. Ali Majed Al Mansoori,
Chairman of the Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) said, “We are very pleased with the advanced progress that has been achieved to date in regards to Louvre Abu Dhabi’s construction. Louvre Abu Dhabi is one of the most significant and highly anticipated projects of the coming year and we are monitoring its progress very closely with our partners and contractors. Construction of the museum is in its final stages and we are looking forward to a handover of the
building taking place mid2016.” Louvre Abu Dhabi’s construction was awarded to an Arabtec-led joint venture with Constructora San Jose SA and Oger Abu Dhabi LLC in 2013. Designed by the Pritzker Prize winning architect Jean Nouvel, Louvre Abu Dhabi will feature 12 Permanent Galleries, a Temporary Exhibition Space, a Children’s Museum and an Auditorium, while its iconic dome will offer museum visitors an enchanting ‘rain of light’ effect.g
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anube Properties, the property development arm of Danube Group, the largest building material supplier in Middle East, celebrated the success of its Dh1.5 billion property portfolio through its inaugural Investors Meet and Brokers Meet at Grand Hyatt, Dubai recently. The events were attended by over nearly 1,000 investors and 500 brokers celebrating the success at the gala dinner. Following the success of all the four projects – Dreamz By Danube, Glitz Residence 1, 2 & 3 – Danube Properties invited all their investors, dignitaries and government officials, brokers to celebrate. The evening also included update on the launched projects showcasing the rapid progress of construction. Rizwan Sajan, Founder and Chairman of Danube
Group asserted, “We thank our investors and brokers for the overwhelming response to all our projects and we are confident of their continued support in future as well. “We have always believed that when investors make financial commitment in off plan property, it is very important that they are kept thoroughly informed about the progress being made on their property. “We are realizing their hopes and dreams here, and we want them to see how this is happening. Our 1st Investors Meet is an example of how we are continually striving to give the best possible platform and service.” Danube Properties has made a concerted effort to keep investors well informed about progress being made on the construction sites. The company offers a consistently updated construc-
tion report for all the projects including Dreamz, Glitz 1, Glitz 2 and Glitz 3, along with photographs showing the current status of each building on their website. All Danube Properties’ projects have enjoyed success since their launch; the affordable prices and flexible payment plan offered, combined with the development's convenient location and its wealth of ultra-modern facilities for 21st century living, has proved very appealing to buyers. Currently Danube Properties has a book value of Dh1.2 billion worth of super successful projects with over 1.7 million square feet under construction. The company, established in 1993 as a building materials supplier, currently offers an inventory of 25,000 types of products for the construction and building industry – coverin every aspects. g
SPOTLIGHT
Wasl gets Dubai Chamber’s CSR Label
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asl Asset Management Group has won the CSR label award from Dubai Chamber of Commerce and Industry (DCCI) for the second time. The company was honoured with the award in recognition of its corporate social responsibility initiatives (CSR). Wasl’s CSR Label was bestowed yesterday by Hisham Abdullah Al Shirawi, 2nd Vice Chairman Dubai Chamber of Commerce and Industry, to Abdulla Obaidalla, Chief Operating Officer of wasl Asset Management Group in a special ceremony that took place at the Dubai Chamber office to honor the companies that won the CSR label.g
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McNaughton named head of Chesterton UAE
hestertons, the international property agency, has appointed Declan McNaughton as its Managing Director in the UAE. He will be based in Dubai, the company’s Middle Eastern headquarters. Chestertons, has also created a new ‘International Properties’ arm that will focus on EU based properties for UAE investors. This new division will help the Emiratis to explore several new investment opportunities due to the current visa-free-travel status in the Schengen zone. g Gulf Property
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