Official inauguration coincides with UAE National Day

English - 01 December 2010 emirates247.com - 1 year ago by Michael. 0 comments.

General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday night inaugurated Ferrari World Abu Dhabi, the world’s first Ferrari theme park, on Yas Island. Pressing a button in the shape of the iconic Ferrari World Abu Dhabi roof structure, Sheikh Mohammed paid tribute to the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, “who is keen on turning the UAE into a global magnet of sports and recreational tourism through a diverse portfolio of projects that will have substantial impact on the national economy and social development. “The ambitious development projects in progress in Abu D...
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Sorouh upbeat on defaults at Sun and Sky tower projects

English - 01 December 2010 thenational.ae - 1 year ago by Cristobal Jordan. 0 comments.

Up to one in 12 buyers are expected to default on contracts to buy units on Al Reem Island, says a top executive of Sorouh Real Estate, the project's developer. Buyers of units in the Sun and Sky towers who default on their contracts typically forfeit a 10 per cent deposit, which for many means the loss of more than Dh100,000. A 970 square feet, one-bedroom apartment in the 65-storey Sun tower is listed for Dh1.3 million (US$354,000), while a 1,300 sq ft two-bedroom apartment in the 74-storey Sky tower is priced at Dh2.2m. The company started an aggressive 'default avoidance' programme last year for the towers, hoping to stem cancellations that have plagued many developme...
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First images Zayed National Museum

English - 25 November 2010 worldarchitecturenews.com - 1 year ago by Christian Nesset. 0 comments.

Foster + Partners has released new images of its designs for the Zayed National Museum in Abu Dhabi, after they were officially unveiled by His Highness Sheikh Mohammed bin Rashi Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Her Majesty Queen Elizabeth II of Great Britain. Already under construction, the Zayed National Museum is located on Saadiyat Island off the coast of Abu Dhabi, a mixed use development also set to receive the Guggenheim Abu Dhabi Museum by Frank Gehry, the Louvre Abu Dhabi by Jean Nouvel and the Performing Arts Center and Maritime Museum by Tadao Ando over the coming years. The new Foster + Partners designed museum is dedicated...
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