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Dubai Waterfront sponsors golf |
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Plug-Ins win an apartment |
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Tameer, EIB mortgage link |
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Al Raha Gardens, new website |
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Residential tower at Trade Centre |
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Damac, apartment plus Jag |
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$271m Dubai Lifestyle City |
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Business Bay nearing Dh200b in investment |
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Hi-Tech Metro to Transform Dubai City-Living |
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| Dubai Waterfront sponsors golf |
| Nakheel's huge Dubai Waterfront project is to be co-sponsor of the 2006 Dubai Desert Classic at the Emirates Golf Club from February 2-5. The Dubai Waterfront will be the world's largest waterfront development, and this high-profile sponsorship underlines Nakheel's commitment to this project. |
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| Plug-Ins win an apartment |
| UAE based Plug-Ins Electronix is offering the chance to win an apartment in Dubai during the Dubai Shopping Festival this month. For every Dhs200 spent in their stores customers get a scratch card with the opportunity to win a furnished apartment in Dubai. |
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| Tameer, EIB mortgage link |
| Tameer Holding has signed up Emirates Islamic Bank to offer mortgages and finance for its UAE property developments. Finance will be available for Tameers Al Dana 1, Al Dana 2 and the Princess Tower projects.
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| Al Raha Gardens, new website |
| Abu Dhabi-based Aldar Properties has re-launched the website for its Al Raha Gardens development. Al Raha is the first development sold to UAE nationals in Abu Dhabi on a freehold basis. It offers residential accommodation in a landscaped environment, with shops and schools. |
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| Residential tower at Trade Centre |
| Dubai Municipality has issued a licence for the construction of $54.2m, 70-storey residential tower in the Trade Centre area. It will have a total of 560 studio, one and two bedroom apartments, and shops covering 13,000 sq ft. Parking will be available for 605 cars. |
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| Damac, apartment plus Jag |
| Damac Properties is promoting its residential, office and retail properties by offering a range of Jaguar cars during the Dubai Shopping Festival 2006. The Jaguar X-type comes with the purchase of studio or one bedroom apartment or an office space, the S-type with a two or three bedroom apartment, and the XJR with a penthouse or duplex. Conditions apply on all offers. |
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| $271m Dubai Lifestyle City |
| ETA Star Projects, part of ETA Ascon Group, has launched its $271m Dubai Lifestyle City project which it will build in Dubailand. The city will host the IMG Sports Academy, which will include tennis and golf academies. It will have a luxury hotel, sports centre and 20,000-sqft health club. The project is expected to be finished by 2007, according to statement.
ETA Star Projects, part of ETA Ascon Group, has launched its $271m Dubai Lifestyle City project which it will build in Dubailand. The city will host the IMG Sports Academy, which will include tennis and golf academies. It will have a luxury hotel, sports centre and 20,000-sqft health club. The project is expected to be finished by 2007, according to statement. |
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| Business Bay nearing Dh200b in investment |
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Dubai The total investment in Dubai expansive Business Bay free zone district is closing in on the Dh200 billion mark
About 90 per cent of the business commercial and residential areas available for outside investment has already been committed to developers with an overall completion date within the next five to seven years
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| Hi-Tech Metro to Transform Dubai City-Living |
| The Dubai Metro is all set to transform the transportation scenario in the city when the high-tech trains commence their runs in 2010 from the Rashidiya and Jebel Ali Free Zone depots.
An Automatic Train Control system will activate the trains before sunrise at 4.45am. Each train will then do a complete test on itself including testing doors, brakes, motors, AC and all other sophisticated intelligent subsystems.
By 5.00 am the trains will be ready to roll out and the daily service will start, Engineer Ramadan Abdulla, Director of Operations, Dubai Metro, informed through a Press release.
“The frequency of metro service at each station will be every three minutes and 45 seconds during peaks, while during off peak time it will be seven minutes. Each train has a capacity of 658 passengers. During peak hours, 38 trains will be in service on both directions of the red line. The total travel time from end to end will be 71 minutes and the line capacity will be 11,000 passengers per direction per hour (ppdph) in 2010 with 19 trains in service per direction. The ultimate capacity of the Red Line is 23,200 ppdph with 44 trains in operations per direction,” Engineer Abdulla said.
On the fast pace of the service, he said, the journey from the Airport to Union Square will take eight minutes, from Port Saeed to Union Square three minutes 45 seconds, from Union Square to BurJuman two minutes, from BurJuman to Trade Centre five minutes 40 seconds, from Trade Centre to Al Barshaa 19 minutes and from Al Barshaa to the Tecom five minutes.
In Dubai there will be three peak hours similar to roads for the train service to handle. The peak hours include 6.30am to 8.30am, 12.30pm to 14.00pm and the 17.30pm to 21.00pm, he revealed.
By the end of the day at 1.00am, all trains will stop servicing the public and move back to the two depots at both ends of the red line.
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