Member Options
Login Register Why Register ? Forgot Password Activate Account

Property Search

Type All Apartment Penthouse Duplex Triplex Loft apartment Condo Town houses Villa Farm house Beach house Shop Office Unit Office Floor Retail Unit Restaurant Plot Bedroom All Nill Studio 1 2 3 4 5 6 7 8 8+ Area All Less than 500 Sq.Ft 500 to 1000 Sq.Ft 1000 to 1500 Sq.Ft 1500 to 2000 Sq.Ft 2000 to 2500 Sq.Ft 2500 to 3000 Sq.Ft 3000 to 3500 Sq.Ft 3500 to 4000 Sq.Ft 4000 to 4500 Sq.Ft 4500 to 5000 Sq.Ft More than 5000 Sq.Ft Price All Less than 500K AED 500K to 1000K AED 1000K to 1500K AED 1500K to 2000K AED 2000K to 2500K AED 2500K to 3000K AED 3000K to 3500K AED 3500K to 4000K AED 4000K to 4500K AED 4500K to 5000K AED More than 5000K AED

Real Estate News
Radisson SAS Residence, Dubai Marina opens luxury apartments Etihad launches daily flights to Chennai and Kozhikode Bab Al Bahr Office Tower launched by Rakeen Sorouh updates on Construction Works at Al Reem Island Middle East construction industry can become green pioneers

Tameer’s Emirates Modern Industrial Area making progress

- September 24, 2005, 5:07 am

The Tameer Holding Company announced that it had executed 60% of the Emirates Modern Industrial Area, which it is building in the Umm Al-Quwain Emirate.

The project is considered one the Tameer’s distinct masterpieces whose idea is based on developing commercial, industrial and residential city with vast streets and integrated services.

The Emirates Modern Industrial Area project has made great progress in a record time. The flattening works have been fully executed while the work is still on going in road works and waters network according to the time-table laid down by Tameer to make ends meet.

For his part, Mr. Omar Ayesh, the Tameer Holding President has confirmed that the Emirates Modern Industrial Area had witnessed a large circulation activity within the last four months where buying & selling have been processed reaching more than AED. 500 Million assuring the importance of the Emirates Modern Industrial Area, which received since it had been announced till now a large response from the local & foreign investors from different countries.

“There is no doubt that the Emirates Modern Industrial Area is considered a qualitative addition to the industrial areas in the UAE in particular and the region’s countries in general. It will certainly constitute a major turning-point in the industrial areas concept through providing services and facilities for who is interested in the investment in it,” added the Tameer Holding President.

The Emirates Modern Industrial Area, which is characterized by its location parallel to the Emirates Highway giving it a smooth & easy access to different emirates. The Emirates Modern Industrial Area is only 15 - 25 minutes away from Ajman, Sharjah and Dubai. It has been designed to allow building a ground floor (commercial shops), mezzanine and two levels onto each street. On the rear, it is designed for industrial purposes (warehouses and workers’ accommodation). Therefore, it is ideally considered the investor’s optimal choice in a time the industrial sector has witnessed a growth within the last years reaching 166% as a result of raising the industrial investment from AED 23 Billion in the year 2000 to AED 62 Billion last year.

Through its participation in the Cityscape Dubai last year, the Tameer Holding announced the full selling of the “Emirates Modern Industrial Area’s” lands. This city, which also includes plots for residential & commercial purposes as well as industrial purposes, costs AED 250 Million including the infrastructure building cost. The industrial area is built on a total space of approximately 80 million sq. feet. Tameer has sold out lands to the buyers interested in establishing industrial, residential and commercial projects after executing the development within its property projects spreading all over the UAE.

It is worth noting that the Tameer Holding is a result of a strategic partnership between Al-Rajhy Investments Group & Tameer Real Estate. Its investment portfolio in the market is amounted to AED 40 Billion. The company works on developing a number of qualitative projects in the UAE like, Al-Salam City in Umm Al-Quwain with investments reaching AED 30 Billion on an area of 220 million sq. feet and the “Al-Amira Village” project the company is building in Ajman with investments reaching Dhs 1.2 Billion. It has also entered the Dubai real estate market with the “Dubai Princess,” the world’s tallest residential tower, in Dubai Marina and the Dana1 & Dnan2 projects in the International City. It has also entered the Sharjah’s real estate market with the Al-Amira Tower, the tallest residential tower in Sharjah.

Related News

JCA Real Estate reveals Dhs252m residential Emerald Tower

Azizi Investments confirmed purchase of land at Mina Rashid

Global Investment opens Mushaa Real Estate

Credo Investments completes Project Le Solarium

Amlak Finance (Jordan) PLC officially established

Latest News

Dubai Property Prices to fall by 2011

Tamweel announced that it expects higher growth in 2008

Realty Capital cooperates with Al Naboodah to boost i-Rise

Nakheel partners with US food retailer Balducci’s

Arabtech Construction to construct Dubailand Project

News Archive

Currency Converter
From : U.A.E. Dirham Euro Pound Sterling U.S. Dollar To : U.A.E. Dirham Euro Pound Sterling U.S. Dollar