Zabeel Properties today announced the launch of Tiara Village; an
exclusive development on the east flank of the Palm Jumeirah in Dubai
that will involve some of the best names in the world of food and
entertainment.
The development is sure to become a firm favourite for lovers of
gourmet cuisine and nightlife alike. It will incorporate a range of
eight food and beverage outlets to suit different tastes, including the
Michelin-rated Chinese restaurant, Hakkasan.
Sitting alongside them will be a stunning new nightclub to be
operated by the world-famous hospitality company, the Light Group.
Called The Bank, it will based upon its own signature facility at the
Bellagio resort in Las Vegas, which is considered the preeminent
nightclub on 'The Vegas Strip'.
The Tiara Village, which will open in the Summer of 2009, is to be
situated alongside the luxury property developer's AED2.1 billion
(US$570 million) Tiara Palm Hotel and Residences project. It comprises a
309-suite hotel stretching across two 15-storey towers and an adjoining
644-unit residential complex. Set for completion at the end of October,
The Tiara Palm Hotel and Residences is poised to become one of the
premier properties on the Palm Jumeirah.
Robert Norton, CEO of Zabeel Properties, says: "Tiara Village
is an exciting new entertainment hub that will significantly enhance the
Tiara Palm development. It will give residents and guests access to a
range of the highest quality restaurants, stylish bars and nightlife. We
are delighted to be working with partners who are world leaders in their
fields, including the Light Group and the Australian architects, Crone
& Partners.
"The Tiara Village will be LEED (Leadership in Energy and
Environmental Design) accredited, embodying our commitment to deliver
industry-leading environmentally sustainable developments. We have built
a growing reputation as a responsible developer that will not compromise
on quality or attention to detail, and exceed customer expectations -
which the Tiara Village will exemplify."
Zabeel Properties is the property arm of Zabeel Investments - a
multi-diverse company with business interests spanning private equity
and asset management in the GCC and other international markets.
Zabeel Investments recently acquired a 50 per cent stake in the
Light Group. The partnership unites the experience and innovation of the
Las Vegas company with the ambition and expertise of Dubai-based Zabeel
Investments, delivering a distinct offering to both the US and UAE
hospitality and entertainment sectors as well as markets further afield.
Zabeel Properties' portfolio of development work also
includes:
o Porto Dubai, a luxury residential development on a reclaimed
peninsular featuring a pioneering 'tiered island' design
concept. Located in Umm Suqeim, each of the homes and exclusive beach
club will enjoy unspoilt views of the iconic seven-star Burj Al Arab
hotel thanks to the island's innovative four-tiered design layout
that is set for completion in 2010.
o The Tiara United Towers, a joint venture with United Holdings to
deliver a landmark commercial and hospitality project on Dubai's
main Sheikh Zayed Road. The AED2.4 billion developments' visually
striking twin towers will represent a design first for the region.
o In a joint venture agreement with ALDAR, the leading Abu
Dhabi-based property developer, an AED3.5 billion project combining a
links golf course and luxurious villas on YAS Island, situated off the
coast of the capital of the UAE
o A soon-to-be-launched 800-room 'Americas Hotel &
Resort' on Dubai's Bawadi development. The project promises to
become one of the world's most exciting entertainment and leisure
destinations adding a distinctive new dimension to Dubai and providing
more space to cater for the city's increasing population
o The Ottoman Palace, a new $350 million resort on the crescent of
Palm Jumeirah, to be operated by Rixos Hotels Group. The five-star hotel
and villa project, which opens in November 2008, will boast 410 rooms
and a further 38 villas - each with its own individual swimming pool and
garden. This seven storey development will celebrate a multi-ethnic and
multi-religious Turkish dynasty that existed for six centuries and has
been designed by renowned Turkish architect Kursat Aybak.
Note to editors:Founded in February 2006, Zabeel Investments is a
Dubai-based diversified investment company with business interests
spanning commercial real estate development and management, private
equity and asset management across a wide range of economic sectors in
the GCC and other international markets.
Zabeel Properties' property portfolio currently comprises of
approximately AED15 billion (US$5 billion) of prestigious residential,
commercial and hospitality developments.
LEED is certified by the U.S. Green Building Council and provides a
suite of standards for environmentally sustainable construction.
Different LEED versions have varied scoring systems based on a set of
required 'prerequisites' and a variety of 'credits'
in the six major categories listed above. In LEED v2.2 for new
construction and major renovations for commercial buildings, there are
69 possible points and buildings can qualify for four levels of
certification:
Certified - 26-32 points Silver - 33-38
points Gold - 39-51 points Platinum - 52-69
points
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