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  • Anarock to sell Aldar's Abu Dhabi properties to Indians

    Anarock Group, a leading specialised real estate services firm based in India, said it has partnered with top UAE developer Aldar Properties to sell housing and commercial assets located in Abu Dhabi to Indian investors.

    This partnership will provide Indian investors with direct access to Aldar's portfolio of world-class destinations across Abu Dhabi including Mamsha Al Saadiyat, located on the beach adjacent to the capital's iconic cultural district home to the Louvre Abu Dhabi, the Zayed National Museum, and the Guggenheim Yas Island developments such as Mayan, Yas Acres, and Water's Edge (all close to Ferrari World and Warner Bros World) and Alghadeer, a short distance away from Expo 2020 Dubai and theme parks Bollywood World, Legoland, and Motiongate.

    The Mumbai-based Anarock already has a major presence in the UAE with offices in Dubai and Abu Dhabi. It now plans to expand further in the UAE with four new offices in Oman, Bahrain, Saudi Arabia and Kuwait.

    On the tie-up, chairman Anuj Puri said: "With our intense focus on the UAE for our international growth, Abu Dhabi stands out as an exceptional market. It offers Indians a great opportunity for investment and business growth."

    "Partnering with Aldar, one of the leading real estate players in Abu Dhabi, will provide our Indian clients access to some of the best properties and communities in the region. This is a fantastic opportunity for living and investing in Abu Dhabi, with the assurance of a highly-established real estate brand," noted Puri.

    Aldar Properties CEO Talal Al Dhiyebi said: "India is a very important market for Aldar and a core part of our strategy for international sales. Through our partnership with a leading player like Anarock, we aim to create a new gateway for Indian investors into the many opportunities that can be found in Abu Dhabi."

    "This strategic collaboration will enable Indian buyers to benefit from the newly introduced law regarding freehold ownership of land in investment zones and visa rules for real estate investors in Abu Dhabi, which have made our destinations even more attractive to international investors," stated Al Dhiyebi.

    "We look forward to working with Anarock and bringing our unique developments to serious buyers across India," he added.

    This is Aldar's first major partnership since the launch of its inaugural experience centre in Dubai earlier this year, also set to promote the Company's expansion globally.

    It follows the recent positive reforms introduced by the UAE government with the launch of the 'golden card' permanent residency scheme for foreign investors, as well as the new freehold property law in Abu Dhabi, offering foreign investors the ability to buy land on a freehold basis within investment zones in Abu Dhabi - whereas they were previously granted 99-year leasehold arrangements.

    Anarock Property Consultants (GCC) CEO Shajai Jacob said: "This is a collaboration of equals to assist India's high net-worth families and individuals to take advantage of Abu Dhabi's beneficial investment ecosystem."

    The UAE has traditionally held a special place in the heart of the well-heeled and globally travelled Indians, and our partnership with Aldar will bring to them the most attractive real estate investment options from one of the best and most sustainable developers in the region, stated Jacob.

    "With a sales velocity of over 1,000 transacted units a month in India, Anarock will now also offer unmatched investment opportunities from Aldar's suite of products to its clients," he added.-TradeArabia News Service

  • Dewa opens new simulator, training centre for power plants

    Dubai Electricity and Water Authority (Dewa) has announced the opening of its simulator and training centre at the Jebel Ali Power Plant and Desalination Complex.

    Built in collaboration with global technology major Siemens, the centre is the first of its kind in the Arabian Gulf region and is aimed at enhancing the capabilities of engineers and technicians at Dewa.

    The inauguration was held at key ceremony attended by senior Dewa officials including MD and CEO Saeed Mohammed Al Tayer.

    Addressing the gathering, Al Tayer said the simulator and training centre will contribute to consolidating Emiratisation of engineering and technical jobs at Dewa, thus providing a unique experience to those working in the generation division.

    This is achieved using state-of-the-art technologies and best international practices that enable "trainees to experience real-life conditions and provide them with the skills needed for dealing with different circumstances," he noted.

    "This is to prepare an Emirati generation capable of leading the energy and water sectors. We are committed to the ongoing development of the capabilities of Dewa’s staff, and providing them with the best training programmes to keep them up to date with the latest technologies and the best international standards," said Al Tayer.

    "This helps them keep pace with the rapid developments in electricity and water production, ensuring the best standards of excellence, quality, reliability, and efficiency," he added.

    Dewa's executive vice-president of generation Nasser Lootah said the training programme aims to develop the capabilities of engineers and technicians in energy generation through theoretical and practical lessons about the operations, control, and maintenance in the power plants, and through interactive training on the simulators.

    "This gives the trainees a full picture of the work environment in the power plants," observed Lootah.

    Training also includes workshops and brainstorming sessions about problem-solving and innovative solution development, he added.-TradeArabia News Service

  • Azizi makes key hire to boost corporate governance standards

    Azizi Developments, one of the leading private developers in the UAE, has strengthened the company's board with the appointment of two non-executive directors - Dr Bettina Eisenaecher and Jurgen Fischer.

    Dr Eisenaecher and Fischer have extensive international and UAE expertise as senior executives and non-executives at industry-leading real estate developers, and outstanding knowledge in risk management and controlling functions of market-leading-listed corporations, said a statement from Azizi.

    Dr Eisenaecher is the managing director and owner of German consulting firm, Be.Reporting. She had previously held senior executive positions at a Frankfurt-based consulting firm mainly responsible for overseeing the financial market strategies of internationally operating groups of companies and building up the finance, risk management, and controlling functions of large corporations.

    Dr Eisenaecher holds a PhD in Asset-Backed Securities and through her extensive experience, she will reinforce Azizi's internal control systems, risk management, and financial strategies.  

    Fischer has served as non-executive chairman of Mövenpick Hotels & Resorts, held senior positions with Dubai Properties and Tatweer, and sits on the board of publicly-listed Orascom Development Holding.

    He was also president at Hilton International and vice-presidnet at Walt Disney Resorts. His wealth of experience will add immense value to the ideation processes for Azizi’s projects and strategic planning, stated the UAE developer.

    Fischer is a graduate of the Ecole Hôtelière Lausanne, Switzerland and has an MBA with honours from IMD/IMEDE.

    The duo has been mainly assigned to drive the corporate governance standards of the organisation and create long-term value by leveraging their expertise in organisational engineering and transformation, said its top official.

    "Appointing two industry experts of the highest calibre in corporate governance reporting and supervision as well as global investment and financial management adds substantial value to our organisation," remarked CEO Farhad Azizi.

    "We are committed to promoting international best practices in corporate governance that will further boost the organisation’s performance and its standing locally and globally. We are delighted to have these two members on board and look forward to their valuable insights and guidance," he added.-TradeArabia News Service

  • Sobha unveils new-age luxury residential tower in Dubai

    Sobha Realty, a leading premium real estate developer, has announced the launch of One Park Avenue, its latest residential tower at the 8-million-sq-ft Sobha Hartland development in Mohammed Bin Rashid Al Maktoum City (MBR City).

    Set amidst a lush green landscape, One Park Avenue seeks to reimagine new-age living through a sustainable lens, said the Dubai developer in its statement.

    The G+24-floor tower will include 403 one- to four-bedroom apartments, all with balconies that offer uninterrupted views of Dubai Creek, Downtown Dubai, Ras Al Khor Wildlife Sanctuary, Dubai Water Canal and Meydan Racecourse. All the units in the tower will be delivered in April 2023, it stated.

    Designed to capture the imagination of the modern home owner, the building will seamlessly blend extravagance with comfort while channelling smart functionality.

    Home buyers can choose from a variety of unit plans that feature contemporary-style interiors, fully fitted kitchens and built-in wardrobes, it stated.

    On the new project, Francis Alfred, the managing director and CEO of Sobha Realty, said: "One Park Avenue was born out of our mission to disrupt the status quo in Dubai’s residential market. Surrounded by green spaces and overlooking some of Dubai’s top attractions, the tower will embody the ethos of new-age living in the heart of the city."

    "Each home will offer a sanctuary with limitless opportunities for the residents to enjoy their preferred lifestyles. Built for tomorrow, the state-of-the-art building will guarantee a wholly future-proof living experience and offer substantial returns on investment," he stated.

    Alfred said the apartments are being designed to offer a harmonious balance between aesthetics and functionality, while Sobha’s specially designed noise-cancelling façades deliver a tranquil living experience.

    "Taking the luxury quotient up a notch are the six Sky Gardens that will line the tower, offering beautifully-landscaped vertical spaces that are ideal for yoga sessions, outdoor cinema viewing, or even double up as a lounge," he explained.

    Motion sensor lighting in the common areas will help save electricity, while at the underground parking, dedicated electric car spaces with charging stations will add another layer of convenience for those keen to embrace green living, said Alfred.

    With the project handover set for 2023, investors can benefit from an exclusive launch payment plan with just a five per cent booking deposit, stated the top official.

    Subsequently, buyers need only to pay equal instalments at five per cent every three months, while the remainder can be settled at the time of completion, he added.-TradeArabia News Service

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