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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uaeshines Offline
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Default Umm Al Quwain: WHITE BAY - 24-02-2007, 10:09 AM

His Highness Sheikh Abdullah Bin Rashed Al Mualla, Umm Al Quwain Deputy Ruler, and Sheikh Tariq Bin Faisal Al Qassimi, Chairman of the Emirates Investments Group LLC (EIG) have recently signed an agreement that will see the establishment of White Bay, a master planned community and tourism resort within the Emirate of Umm Al Quwain.
With further details to be announced in the coming weeks, the project is worth more than AED 8billion. It will be marketed and managed by Emirates Sunland Group (ESG).

Emirates Sunland Group is a 50:50 partnership between Sunland Group, an Australia based property development company, and UAE based Emirates International Holdings Ltd. Emirates Sunland Group have recently opened offices in Dubai in preparation for the launch of several new projects in the UAE, including the world's second Palazzo Versace Hotel, D1 Tower, an 80 storey residential/resort tower on Dubai Creek.

Speaking at the signing to mark the occasion, Mr. Raza Jafar, Managing Director of EIG commented, 'We are proud to announce our partnership with the Emirate of Umm Al Quwain in the development of such a prestigious and important project. This project will compliment the various other mega projects already under development in the Emirate and we envisage that such a scheme will contribute significantly to the economic growth and prosperity of both Umm Al Quwain and the UAE as a whole.'

Umm Al Quwain is currently undergoing a complete renovation and improvement of its infrastructure with billions of dirhams in investment being dedicated to the establishment of colossal residential and tourism mega-projects.

Mr. Soheil Abedian, Managing Director of Emirates Sunland Group says of the White Bay project,

'White Bay will be a destination for those who would like to experience the facilities and services of a world-class resort, all in the beautiful natural environment of Umm Al Quwain. All buildings will be built at a human scale with no building exceeding 15 storeys and all will have full access to the water and green-belts areas."
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Alexia Offline
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Default Re: Umm Al Quwain: WHITE BAY - 24-02-2007, 10:31 AM

Emirates Sunland Group, the property development company behind the Palazzo Versace Resort, has officially launched White Bay, an AED 8 billion master-planned community on the shores of Umm Al Quwain.White Bay will be a resort style residential community built around two man-made islands and along the natural shoreline. The Waterfront villas will have direct access to the beach, while the Parkview villas will overlook the public gardens and parks. Terraced Condominiums, mid-rise apartments and townhouses will also be set amongst the gardens offering views across the Arabian Gulf.

The Marina, town center and harbour will be the focal point at White Bay, and will feature an Artists Colony, hotels and a retirement village to cater to the needs of GCC locals and expatriates alike. A boutique shopping strip along the marina precinct will offer cafes, restaurants, fashion and entertainment. No building within White Bay will rise above 15 storeys to ensure the development is kept to a human scale and complements the natural environment.

Umm Al Quwain is well known for its natural beauty and the waters surrounding White Bay are tranquil and clear, making it the perfect destination for water sports such as diving, fishing and sailing. In keeping with the tranquility of the White Bay community and the relaxed lifestyle of a resort precinct, each residence will be provided with a golf cart to help people move around the village without the need of a car.

Mr Soheil Abedian, Managing Director of Emirates Sunland Group says the White Bay project will bring a new standard of mixed use living to the UAE and entire Middle East region.

'Most importantly, White Bay will provide a rare coastal destination for weekend retreats that is only a short drive from the hustle and bustle of the city of Dubai. For those who choose White Bay as their permanent residence, it will provide a truly relaxed beach lifestyle with all the facilities that resort living has to offer.'

'Imagine waking everyday in a resort precinct, with either a short drive to your place of work, or to enjoy the water activities and the marina precinct complete with the boardwalk and beach.'

Emirates Sunland Group is a 50:50 partnership between Dubai based Emirates International Holdings and Australian based Sunland Group. Sunland Group opened the world's first Palazzo Versace Hotel on Australia's Gold Coast in 2000, and earlier this year they completed Q1, the world's tallest residential tower, also on the Gold Coast.

As well as White Bay, Emirates Sunland Group are currently developing several other projects in Dubai and the UAE. The world's second Palazzo Versace Hotel is due to be completed on Dubai's Creek by 2009. D1, an 80-storey residential/ resort tower is also to be built on Dubai's Creek, and this will be a sister tower to Q1.
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hassan Offline
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Default Re: Umm Al Quwain: WHITE BAY - 02-05-2007, 01:10 PM

please send some contact detials with regards to white bay
Regards
Hassan
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Adil Offline
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Default Re: Umm Al Quwain: WHITE BAY - 04-09-2007, 04:26 PM

Hi,

Have the house prices increased within the last year, for 3 bedroom townhouses in Umm Al Qwain?
Thanks
Adil
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