Tanmiyat ready to spend $218m to complete projects in Dubai



Tanmiyat is planning to complete projects in Dubai that had been put on hold after the collapse of the real estate market.


uae-59127.jpg


The developer plans to spend 600 million dirhams to complete a Dubailand project of 15 million square feet.  The project is to include 12 residential buildings, 500 villas, a golf course, mall and schools.  

The CEO of Tanmiyat, Muhammad Bin Odah, said they believe in Dubai even though the market has been difficult.  He said it was the only area in the Middle East where different nationalities are happy to call it home.

This particular project, Living Legends, was one of many projects that had to be put on hold after the property bubble exploded, almost resulting in the insolvency of Dubai.  

The prices to buyers have been reduced by 10% to 40% as a goodwill token for the delay, and the first 150 villas are due to be completed during the second quarter.  

The CEO has announced that Carrefour SA, the supermarket chain from France, has signed as an anchor tenant in the mall that is due to open during 2017.

Aside from this project, the developers are set to spend around 200 million dirhams to complete two office towers, The Court and The Exchange Tower, in the Business Bay region.

More about shopping malls in the United Arab Emirates



TODAY, China:
Jewelry looks like salt crystals and designs that recreate salt mines - the ZNC mall's creators honored the local symbol of wealth in every detail.
TODAY, Hong Kong:
Under the new restrictions, all cinemas and entertainment centers will be closed within two weeks.
TODAY, South Korea:
The renowned coffee shop chain announced opening the first of its kind facility with an inclusive design in Seoul, South Korea.
YESTERDAY, USA:
Families will be able to participate in a 10-minute interactive video tour of Cane Institute at the North Pole for only $20.
YESTERDAY, USA:
Retail Ecommerce Ventures (REV), which owns Pier 1, Dressbarn, and Modell's Sporting Goods, will buy the bankrupt Stein Mart chain of department stores.
YESTERDAY, United Kingdom:
Iceland supermarket chain is ready to support distribution by its logistics chain for frozen food.
Friend
and Follow
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us