UAE Property Investment Forum

Abu Dhabi Property The Abu Dhabi property market came into the limelight when the Abu Dhabi government issued a law allowing foreigners 99 years leasehold ownership of select projects in the Emirate. Prior to this law, property ownership was restricted to locals and that too, within a select few. Abu Dhabi has announced a number of large scale projects, some even grander than those in Dubai. Al Dar Properties was the first company in Abu Dhabi to announce projects that allowed foreign ownership. Do you think Abu Dhabi will be as successful as Dubai? What kind of returns can investors expect in this market? Have you invested yourself in Abu Dhabi? Open up your suggestions and views here.

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santiago Offline
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Default Rotating City - 30-03-2007, 09:47 AM

Dubai's High Rise Real Estate has revealed plans to build a $1.6bn Rotating City on an island off of Abu Dhabi, reported Emirates Today. The development would cover 10m sqft and include a row of 20 rotating buildings and 300 revolving villas, as well as two hotels. Each apartment would occupy an entire floor and be able to rotate 360 degrees; the revolving villas would be built on floating decks.

im glad someone finally got this project...
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pedro_9k6k Offline
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Default Re: Rotating City - 30-03-2007, 10:22 AM

1. It could be the perfect solution for people who cannot stand the sight of their neighbours. High Rise Real Estate, a Dubai-based property developer, has announced plans to construct a Dh6 billion Rotating City.
Covering an area of 10 million square feet, the city, which looks like a spaceport from Star Wars, will consist of more than 20 rotating buildings and 300 revolving, floating and flying villas.

“It will be built on one of the islands in Abu Dhabi. Construction will begin as soon as we get the land,” High Rise Chairman Faisal Ali Mousa told Emirates Today.

The project will provide a lifestyle with lots of attractions based on the concept of rotation.

“There will be floating villas that will be set in water to give residents the sensation of being on a boat. Each villa will be built on a floating deck and will be able to rotate in any direction,” Mousa said.

Besides, there will be a row of 20 rotating buildings.

“Each apartment will occupy a full floor and will be able to revolve 360 degrees individually. Residents will be able to turn them whenever they want to,” Mousa added.

The city will have a five star hotel tower with 300 rooms and a four-star hotel of 350 rooms.

“The Attraction Park will be the highlight of the city and it will consist of an animation box, magic carpet, river adventure, and conference and wedding halls,” he said. The Rotating City had been designed by Dubai based Dimension Engineering, with High Rise yet to award the initial contracts, Mousa said.

High Rise, which has announced several projects in Dubai, is also developing the Dh7 billion Emirates Flag project in Ras Al Khaimah.
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dominick99k3 Offline
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Default Re: Rotating City - 30-03-2007, 11:01 AM

I hope it never gets built anywhere in the world and I highly doubt that it would go ahead in Abu Dhabi. What makes me believe that it will never ever be in AD is that they want a whole island. DREAM HARDER Mr Mousa.
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