UAE Property Investment Forum

Umm Al Quwain Property The property ownership law of Umm Al Quwain states that foreigners are allowed to own property, but not the land, which complicates the ownership issue a little. Foreigners are still not convinced that Umm Al Quwain will live up to the investor expectations and hence property uptake has been very limited. Tameer, the largest development company in Umm Al Quwain, is developing a project called Al Salam City which is due to complete by 2010. Has investor uptake been good on this project, and if so, what have the returns been? Will Umm Al Quwain be successful in boosting its property market? Share your thoughts and views here.

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Dubaimaster Offline
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Default Umm Al Quwain Marina unveils second phase - 24-02-2007, 11:07 AM

Sale of the Portuguese and Spanish-styled homes began on February 6, 2007, from 9am at the Umm Al Quwain Marina sales center.

The popular Coronado and Magellan villas released in Phase One will be offered again in during the second phase completing the Mistral Community at Umm Al Quwain Marina. The two-story, three-to four-bedroom homes range from 3,458 to 4,311 sq ft. in size. With two different villa styles and six different villa types, buyers can select a home that suits their family lifestyle.

'The response to the first phase of villas was very encouraging,' said Mr Ahmad Al Matrooshi, UAE Managing Director, Emaar Properties and Member of the Board of Directors of Emaar Middle East. 'We are launching a similar series of villas because of the demand from potential home-owners and investors to own a home in our world-class development that brings in a new lifestyle to the emirate.'

Residents can enjoy several marina based activities including berthing facilities for vessels, and an extensive array of lifestyle amenities such as retail outlets, community centers, landscaped gardens and children's play areas. 'The Mistral Community of villas features a unique ambience that will appeal to the discerning clientele,' said Mr. Al Matrooshi. 'The homes will have modern fittings and quality finishes.'

The sales center for Umm Al Quwain Marina is conveniently located off the main highway on the site of the project itself. Several models and displays will highlight the features of the Mistral villas as well as the other components of the project.

Umm Al Quwain Marina will feature over 8,000 homes including 6,000 villas and 2,000 town homes, boutique hotels, retail outlets and recreational facilities set in a marina-themed environment. The project, all set to revitalize the emirate's economy, is spread over spread over 2,000 acres of land and features 450 acres of navigable water area.

A perfect getaway from the hustle and bustle of cities, Umm Al Quwain Marina can be easily accessed from Dubai via the Emirates Road. The project is Emaar's first master-planned residential project outside of Dubai in the UAE. The global property developer has already handed over more than 14,500 homes in Dubai.
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