ACI unveils new project in Dubai, eyes Qatar to develop properties |
|
ACI Real EstateACI Real Estate
, an affiliate of German-based investment firm Alternative Capital Invest (ACI), is looking to develop properties in Qatar, a top company executive said yesterday."We have not yet acquired land there, but see it as the next potential real estate market," said Robin Lohmann, Managing Director of ACI Real EstateACI Real Estate
.He was speaking after launching Ferretti Luxury Beach Residence, a twin-tower waterfront residential project and Pershing Luxury Beach Residence, a residential project in Dubai Waterfront.
The towers together will be part of Marine Legends, which will have six residential towers consisting of 3000 apartments.
ACI Real EstateACI Real Estate
has an exclusive partnership with the Ferretti Group, an international brand that will develop, design and construct luxury motor-yachts in the Marine Legends. The Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence will consist of 44 levels and Pershing Luxury Beach Residence will consist of 41 floors, adding 1500 residences in total. The towers are slated for completion by 2011."We expect prices in Marine Legends, to appreciate by five to seven per cent by October," said Lohmann. "Current prices in the development is estimated to be around Dh2,000 a square foot."
Ferretti Yachts and Pershing Yachts designers have proposed to design common areas of the towers, lending them their signature touch of elegance and sophistication.
Currently, the Ferretti Group brings two of its brands the Ferretti Brand and the Pershing brand into the Marine Legends. The boats will be custom-built for the project.
"We are in the process of selecting the right boats for the customer for this market," said Vincenzo Cannatelli, Chief Executive of Ferretti.
By Anjana Kumar
© Emirates Business 24/7 2008
Community Comments (0) -
Comment on this article 
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
Zawya Comment Policy:
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Loading ...
Post Your Tender Notices for FREE


(No Sign-in Required)
Zawya Tenders is a Tender Notices service entirely driven by contribution
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
| Real Estate Tenders | Due Date |
Community Buzz
Stories
Companies
Most viewed companies by Community in the last 24 hrs
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Emirates Aluminium Company | UAE | Metal Production |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Pepsi Cola International (Middle East) | Region-wide | Beverages |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Commercial International Bank (Egypt) | Egypt | Banking |
Projects
Most viewed projects by Community in the last 24 hrs
| Project Name | Country | Sector |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Al Safwa - Jeddah Cement Plant | Saudi Arabia | Industry |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Bahrain | Infrastructure |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Qatar | Infrastructure |
| Al Futtaim Carillion - Marina Hotel (Yas Island) | UAE | Real Estate |







Loading ...