Development

Description

Sunday, February 05, 2012

	Project Admiral Bay Location  in Dubai Type Residential Bedroom Studio/1,2 & 3 Bedroom Apartments Floors Combination of 50 Floors Lot Type Rectangular Builder DAMAC Properties Completion Date July 2010 Interior Spacious balconies, Central air conditioning, Double-glazing, Ceramic floors, Kitchen amenities Exterior swimming pool, health club, gymnasium, Football and cricket pitch, Tennis courts, croquet lawn, Two international schools, croquet lawn Lot Features Alarm System, Walking, jogging & cycling trails, special occasions and business meetings , 24 hours security, Town and country clubs, Medical facilities, Oasis promenades Highlights Two international schools, retail and restaurants at the ground level, Oasis promenades, Neighborhood parks, Veterinary clinics , 2 elevators & two emergency staircases Parking ample parking space with Car parking for every apartment
	Property Details: An architectural marvel that captures the exotic mystique of this alluring land. Admiral Bay is a truly beautiful residential development (two buildings forming a development), in a delightful combination of buildings. Each ground plus 4-storeys. A sensational investment blessed by a beautiful living experience. For those in search of enjoying a refined living experience, Admiral Bay offers the perfect duplexes, studios, 1 and 2 bedroom apartments. You'll also have large balconies & terraces that offer you exquisite views of the beautifully landscaped surroundings. Come home to breathtaking views Stay in the pink of health by visiting the spa with steam and sauna, along with an extensive range of physical regimes that are revitalizing. Perhaps, a workout at the health club or fitness centre on the podium roof deck, or maybe a few laps in the pool. Designed as a luxurious refuge from everyday stress, devotees of health and fitness will find all the latest facilities and amenities • Tower contains only residential units • All master bedrooms • Joinery and accessories tastefully chosen • Exclusive restaurant for the tower at the ground floor, with lounge • Offices on 5 levels of podium • 24-hr security & security cameras • Spa and gym with an outdoor swimming pool on the podium roof deck • Lounge/Juice bar • Health club facilities • Fitness rooms • Retail area at the ground floor, along the waterfront promenade,Shopping arcade Dubai Maritime City Features: With coastal land scarce in Dubai, the decision was taken to reclaim land from the sea to house Dubai Maritime City. In August 2003, dredging work began to create a 25 million square feet man-made peninsula between Dubai’s Port Rashid terminal and Dubai Drydocks - with the peninsula connected to the mainland by a causeway. Utilising similar technology to that used to create The Palm, dredging began on a 24-hour basis, with the peninsula first breaking the surface on December 1, 2003. An estimated 30 million cubic metres of dredged seabed sand and 2.5 million cubic metres of rock are being used to create the peninsula, breakwaters and other associated infrastructure. The development has also required the relocation of the Dubai Drydocks entrance channel and, consequently, the main breakwater at the dry docks had be extended by about 500 metres - creating a total breakwater length of about 2,140 metres. Following the completion of the reclamation works, construction will begin on the rest of the infrastructure in phases, with the facility scheduled to open for business in 2006. Once complete, Dubai Maritime City will have four key areas – a commercial area, a leisure area, a repair area and a research and academy area. The commercial area will include a harbour, offices for maritime-related businesses, banks, support services, restaurants and a flexible exhibition site. The leisure area will include berthing for yachts and a museum, while the repair area will comprise a dockyard, ship supply outlets, a ship repair area, a ship building area, and a maritime retail area. Key components of the repair yard will be two brand new ship lifts and state of the art equipment, with the repair and ship building side of the business to be expanded to include yacht and dhow repair, in addition to steel work. Details of this Development are as under: Location : Maritime City Building name : Admiral Bay (AB) Plot No. : R5 Development Type : Residential, Retail & Commercial Configuration : Ground + 6 podium + 48 floors Area Range – Full Floor (Sq.ft.) : 11000 - 13000 sq. ft. Free Parking / Unit : 1 Parking Bay per residential & retail unit. 2 parking bay / commercial unit Property Ownership : Freehold Layout: The commercial area will include a harbour, offices for maritime-related businesses, banks, support services, restaurants and a flexible exhibition site. The leisure area will include berthing for yachts and a museum, while the repair area will comprise a dockyard, ship supply outlets, a ship repair area, a ship building area, and a maritime retail area. Key components of the repair yard will be two brand new ship lifts and state of the art equipment, with the repair and ship building side of the business to be expanded to include yacht and dhow repair, in addition to steel work. • A largely residential & retail district with few exclusive office spaces • Hotels • Community Facilities • OpenSpace/PublicPark • Primary Substation • District Cooling Plant • Sewerage Treatment Plant • Retail / Leisure. Key Features: Swimming pool State-of-the-art gymnasium Health club for men and women Sauna and steam room Convenient elevator access from the parking to the apartments 2 elevators and 2 emergency staircases Shaded car parking surrounded by beautiful landscaping Location facilities Walking, jogging & cycling trails Oasis promenades Neighborhood parks Community sports State-of-the-art gymnasium Retail on ground floor Expression Of Interest Refundable deposits to be collected are: Full Floor = AED 500,000/- Half Floor = AED 300,000/- Individual Unit = AED 50,000/- Residential Units available are: 1 bedroom 2 bedrooms 3 bedrooms Prices: Prices: starting from (Residential): AED 4,660 psf for rear facing units. AED 5,520 psf for full sea facing units. Prices: starting from (Commercial): AED 6,000 psf. Prices: starting from (Retail): AED 8,000 psf. Discounts to be offered for the Launch: Residence: Full floors 15% Half Floor 10% Single units 7.5% Commercial: Full floors 10% Half Floor 7.5% Single units 5% Retail: Full floors 10% Half Floor 7.5% Single units 5% Location: Strategically located between Port Rashid and the Dubai Dry Docks, Admiral Bay in Dubai Maritime City, is an ultra-modern 50 storey mixed-use tower situated by the edge of the ocean. Minimising the impact on natural resources by using environment-friendly building materials and systems, Admiral Bay is designed to be in harmony with the environment. A green mixed-use luxury development that lets you live in a greener world. Unwind and relax in a choice of truly stunning 3, 2 & 1 bedroom apartments that let you enjoy magnificent ocean views from every apartment. All registered owners will be entitled to a UAE residence visa (to be issued by the relevant Dubai Government authority). Payment Schedule Deposit - 10% on reservation 1st installment - 15% within 30 days of reservation 2nd installment - 10% within 120 days of reservation 3rd installment - 10% within 180 days of 2nd installment due date or Whichever is earlier. 4th installment - 10% on On Commencement of Sub Structure 5th installment - 10% on completion of 17th floor Structure 6th installment - 10% on completion of 35th floor Structure 7th installment - 10% on completion of the Structure 8th installment - 15% on completion date         Expected Completion Date - July 2010 Location - in Dubai, UAE Real Estate Developer - Damac [Damac Properties]