Mada'in Properties contribution, the Marina Arcade Shopping Mall and Tower, brings to the Marina district a sprawling, high-styled luxury complex in a smart architectural package that combines exquisite classical and modern elements.
This is exciting. It will add a new attractive space where even if not to shop, dine or work-out, the public will be able to stroll along a pleasant indoor corridor under natural sunlight or below the twinkling lights of high-rise towers visible through a glass, atrium-style roof.Video Link (original version)
Forum Link (Skyscrapercity.com)
Something New
The project was originally announced at Cityscape Dubai in October 2007--the website launched simultaneously. It was described as being a shopping mall, hotel and residential property. In the current March 2008 launch, it is no longer described as having a hotel component. The website has been modified to reflect this change.
The tower was also to include studio units, while the smallest units are now 1-bedroom. Pre-launch prices were quoted at AED 1900 psf, however now they start at AED 2050. This is a reasonable rate as some newly launched properties of seemingly lower or equivalent character are being offered at AED 2500-3000 psf.
The changes make sense. There are already numerous new hotel properties in the area, one hardly needs more. In addition, the wonderful facilities included in the project will have greater appeal to residents if not having to be shared with hotel guests. The updated website video also makes reference to the utility of the shopping arcade as a public space, which is great news for surrounding residents.
This development will bring to four, the number of shopping arcades or malls in the Marina. The largest is the Dubai Marina Mall at the center of the Marina district, due for a late 2008 or early 2009 open. There is also the nearby Marina Walk, the district's first shopping arcade--limited mostly to restaurants--and the Jumeirah Beach Residences 1 kilometer long The Walk, opening presently in phases. The Marina Arcade, with a scheduled June 2011 opening, will no doubt stand out as the most exclusive of these shopping centers, thus the reference to Rodeo Drive. It will, nonetheless, include a large convenience store outlet which will hopefully be able to serve the needs of nearby residents, including those of lesser disposable incomes.
Other Launch Articles
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Links sometimes disappear...
The following is the text of the three linked articles referring to the property's launch.
Article 1
Mada’in Properties is planning to invest Dh3 billion in the UAE real estate market by year-end, as it unveiled Marina Arcade in Dubai Marina on Monday.
“We will be investing Dh3bn in at least four projects by the end of the year. We want and are focusing on building iconic developments,” Abdulaziz Al Awar, Chief Executive Officer, Mada’in Properties, told Emirates Business.
Marina Arcade (pictured above) will cover an area of more than 950,000 square feet, encompassing freehold residential units and a podium building that will include retail space and recreational facilities.
About 55 per cent of the 64-storey tower will consist of one-bedroom apartments, while the rest will be made up of two-, three-bedroom and duplex apartments, Al Awar said.
There will be seven exclusive townhouses on the rooftop, with each property with private gardens, roof gardens with Jacuzzis and sauna rooms.
Besides a gymnasium and spa spread over three floors, the Marina Arcade Mall will offer residents and shoppers a range of high-end brands and designer stores.
“The piling works were awarded in February and work has already commenced. The entire enabling works will be completed by end of the year and we expect to complete the project by June 2011,” said Ahmad Hammad, Senior Project Manager, Mada’in Properties.
The selling price will begin from Dh2,050 per square feet from the fifth floor and increase floor wise, Al Awar added.Mada’in Properties was incorporated in 2006 as a private joint stock company in Dubai with a paid-up share capital of Dh500 million.
Among the prominent shareholders is Ahmed Ramadan Juma Group, a UAE-based trading and engineering services conglomerate; Kuwait-based Gulf Investment House (GIH) and other key Gulf Co-operation Council investors.
“We have identified the UAE as a key growth area for us. However, we are looking for opportunities and we will expand to other GCC countries in 2009,” Al Awar said.
Article 2
Mada'in Properties yesterday announced the launch of their Dh.1.25bn flagship project, Marina Arcade, at Dubai Marina, as an initiative to build a Dh.3bn portfolio in 2008.
The Marnia Arcade is a 60-storey tower, connected to a glass-roofed shopping arcade. Spreading across 950,125.68 square feet in area, it includes seven townhouses with Jacuzzis, and gardens on the Marina Arcade rooftop. It will include single, double, triple bedroom apartments, apart from duplexes and penthouses.
Among the other amenities are parking space capacity for 850 cars, a state-of-the-art gymnasium spread across three floors with each floor covering 38,000 square feet in area, a roof-top garden, jogging track, designer stores and cafes.
The project is expected to be complete by June 2011. The starting price of the apartments are Dh.2,050 per square feet from the sixth floor upwards.
The Marina Arcade is the first of the four projects, likely to be launched this year, with a combined value of Dh.3billion.
Abdul Aziz Al Awar, the Chief Executive Officer of Mada'in Properties, says "The Marina Arcade is an apt tribute to the vision of marina development, apart from Dubai's meteoric ambitions."
Article 3
Mada'in Properties, has announced plans to launch the much-awaited Marina Arcade project in the prestigious Dubai Marina.
A jewel in the crown of Mada'in, Marina Arcade is the first of a series of major iconic developments to be launched this year.
Located at the heart of the picturesque Dubai Marina, Marina Arcade is an exclusive precinct that offers residents ultimate shopping experiences, coupled with an enviable mix of residential and leisure facilities of the highest international standards.
Marina Arcade's 950,125.68 square feet of sprawling area will encompass freehold residential units, as well as a podium building that includes the most premium retail space and recreational facilities.
The range of residential units of stylish apartments, duplexes, first of its kind townhouses with their very own gardens and Jacuzzis, palatial penthouses and the most premium Sky palace will be in a league of its own, making it the apt haven for the homeowner.
While each apartment will be designed most aesthetically, Mada'in believes in leaving room for their residents to add personal touches.
There will be 7 exclusive townhouses on the rooftop of the Marina Arcade. Each townhouse is a delightful property with private gardens, roof gardens with Jacuzzis and sauna rooms and enough privacy with 2 dedicated lifts for the cluster. Townhouse residents can also use an exclusive gym and well-being facility.
The duplexes are located on the fiftieth floor and have beautiful private roof terraces making for the most memorable view.
The duplexes, penthouses and the Sky palace offer convenience features such as an exclusive fitness centre, ample service quarters, laundry room, increased basement car park and again dedicated elevators that ensure easy access to and from the arcade.
What's more, the Sky palace comes with its very own secluded gardens, swimming pools and 3 levels of designer luxury unmatched by any standard.
Marina Arcade promises splendid maritime living with the best views, water features, gymnasiums and unique landscaping.
The Marina Arcade Mall also offers residents and shoppers the world's most exclusive, expensive and high-end brands and designer stores.
An exclusive choice of cosmopolitan cafes which open its doors for the first time in UAE will add to the Marina Arcade's leisure quotient.
Complementing the Marina Arcade's endless features and facilities is the range of leisure amenities.
Marina Arcade will include the most advanced and expansive gymnasium and spa in Dubai (spread over three floors and in excess of 38,000 square feet each) with access to the best fitness equipment, a well-equipped outdoor
tennis courts and a large sized swimming pool with diving instructors and lifeguards.
The recreation area accommodates a total gym and spa facility with a large outdoor pool deck, a specially landscaped rooftop garden with a jogging track and the most premium fitness facilities perfect for families and recreational enthusiasts.
In addition, the recreation area will all be home to the finest dining destinations known to Dubai.
'With exceptional style and sophistication, the Marina Arcade is a fitting tribute to the vision of the Marina development, as well as Dubai's meteoric ambitions. With this architectural masterpiece we wish to provide exclusive offerings to the regional market and bring a truly unique experience to those who require luxury, space and want a vast range of amenities,' says Abdul Aziz Al Awar, CEO of Mada'in Properties.
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