Dhs 30 billion Al Salaam City launched in Umm Al-Quwain, 2005
Tameer holding in Umm Al-Quwain has launched a Dhs 30 billion project called Al Salam for half a million residents. The project will be built over an area of 220 million square meters.
The Al salaam city is the hub for residential and commercial activities and comprises a number of residential districts. The new project aims to house over a million residents and will include a number of prominent towers.
The mammoth project wil also construct parks, playgrounds and entertainment centers. The al salaam city proposes to encompass a huge shopping mall which will be built in a distinctive architectural style.
President of Tameer holding, Omar Ayesh said "the project is planned to be executed in 3 phases with each phase expected to cover 5 years with an investment of Dhs 10 billion each."
The downtown will have a distinct shopping mall which will be the first of its kind in the Middle East and the fourth worldwide.
Source: Dubai City Guide
“Tameer is proud to announce its mega project in Umm Al-Quwain.
Tameer named its new project worth over USD 8.3 billion, to be erected on an area of approximately 220 million square feet "Al Salam City". It is an integrated residential & commercial city consisting of residential districts and occupies a distinctive location on the Emirates Road.
Al Salam City consists of approximately 1000 buildings the tallest of which will consist of 50 stories of hotel suites. Further more the city will include residential villas, parks, playing grounds and entertainment centers. Al Salam City will also offer a colossal shopping mall, to be built in a unique architectural style.The City consists of mosques, schools, banks, shops and a number of distinct cafes & restaurants to name just a few facilities & amenities for the residents to enjoy. Al Salam will be characterized by open green landscapes, adequate parking spaces and recreational facilities.”
Emaar to invest Dhs 12 billion in real estate in Umm Al Quwain
The Marina, which will transform the emirate and property market, is planned to cover more than 1,488 acres and is scheduled for completion in the next seven years.
Emaar Middle East (EME) signed the agreement with the government of Umm Al Quwain to create Umm Al Quwain Marina. The real estate is located on the shore of Khor Al Beidah, a vast wildlife area. The basin of the Khor contains one of the most extensive tidal sand bank areas and mature mangrove forests in the Gulf region.
With the masterplan for the huge multi-billion dollar project being finalised, infrastructure engineering and project management are expected to begin shortly.
Umm Al Quwain Deputy Ruler Shaikh Abdullah bin Rashed Al Mualla signed the joint venture agreement (JVA) with chairman Mohamed Ali Alabbar.
Sheikh Abdullah said: 'Umm Al Quwain has great potential to be a major player in the real estate market. It is with the support of developers like Emaar that the emirate can take advantage of its natural attributes and create world class destinations like Umm Al Quwain Marina.'
Alabbar added: 'Umm Al Quwain, an unspoiled haven of natural beauty, offers immense possibilities and Emaar is poised to augment this, courtesy of the vision and commitment of the rulers of the emirate.'
Source: Dubai City Guide
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