Goldcrest Business Heights launched at Emirates city

Fresh from the success of its Goldcrest Dreams project in Ajman, Star Giga Establishment, the joint venture between the Mazyood Giga Group and ETA Star Property Developers LLC, has soft launched their next project, this time a full commercial tower in Ajman.

Goldcrest Business Heights is a prominent commercial tower located at a prime position which provides the entire view of the Emirates City overlooking the lake and the shopping mall. On the either sides of the tower all the residential towers can be witnessed forming the dual cluster extending towards the shopping mall in the centre of the city till the end. It is a 36 floor commercial tower with retail areas as well as five levels of the parking facility

Mr. Haji Muhammad Rafiq, Chairman stated, “The tower is so well architecturally designed to provide the perfect blend of business and commercial environment.. Gold crest Business Heights has received great response by exceeding the expectations on the sales front during the pre-launch period”.

Star Giga Establishment launches Goldcrest Dreams

Star Giga Establishment Limited, a joint venture between ETA Star Property Developers and Mazyood Giga International, has announced the launch of Goldcrest Dreams, an AED 700 million freehold residential property development in Ajman, at a press conference held at the Goldcrest Tent located next to Ex-Oasis Centre on Sheikh Zayed Road, Dubai.

The move follows the resounding success of the Jumeirah Lake Towers-based Goldcrest Views 2, Goldcrest Executive in Dubai and Pearl Residence in Ajman.

Star Giga Establishment Limited has adopted a unique finance plan to facilitate easy ownership of Goldcrest Dreams apartments. Buyers will not be required to present any bank statements or bank documents to avail the interest-free finance option from the developer. Goldcrest Dreams offers an attractive five-year payment plan with easy, affordable installments. After reserving the apartment by making a down payment of approximately 10 per cent, the buyer need only to pay quarterly payments where monthly installments start from as low as AED 1,999 until possession. After possession, the balance payments can be made in installments similar to paying rent.

ETA Star participates in Arabian Travel Market

ETA Star will be participating in the Arabian Travel Market to be held in Dubai from May 2-5, 2006, at the Dubai World Trade Centre. ETA is planning to promote the services of its hotel management company, ETA Star Hospitality, while also showcasing its recently launched AED 1.2 billion Taj Exotica Resort & Spa and The Grandeur Residences, located at the Palm Jumeirah Crescent.

Operating in the commercial name, Star Hospitality Hotels & Resorts, it is involved in the management of hotels, resorts and hotel apartments of individual hotel owners, management of company properties, leasing of properties of individual owners and also owns hotels, resorts and hotel apartment properties.

ETA Star is also showcasing its other hospitality properties at the ATM 2006. The Taj Exotica Resort & Spa Palm Jumeirah, Dubai, a five-star hotel complete with a host of world-class facilities and an internationally renowned 'Jiva Spa' which will be the largest Spa in the Middle East; and The Grandeur Residences, a luxury residential complex modeled on the archetypal palaces of Rajasthan.

Construction commences for The Liberty House

ETA STAR is pleased to announce the commencement of construction of the prestigious property development "The Liberty House" located at the Dubai International Financial Centre (DIFC).

Liberty House is a mixed use (commercial, Residential and Retail) development, strategically positioned at the heart of the Sheikh Zayed Road and Dubai International Financial Centre business districts. It offers a total of 220 homes, 124 tailor-made studios, 20 one-bedroom apartments, 48 stylish one-bedroom duplex apartments, 12 roomy two-bedroom apartments and 16 luxurious and spacious two-bedroom with study apartments. In addition, customized Furnishing Fit-Out Packages and SMART Home Technology Packages are to be available to suit all tastes, requirements and budgets.

National Service Contracting Company (NSCC) is working on earthworks, shoring and piling substructure works and the site work has started on 22nd January 06.

New Dubai Law welcomed by Property Investors

The revolutionary law paves way for non-UAE nationals to own properties in designated areas of Dubai Emirate and register their ownership with the Dubai Lands and Properties Department. The new Dubai law announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, re-confirms the visionary approach of Dubai government.

The law is of substantial nature and said to be followed by a number of new procedural bylaws that will identify the freehold areas the non-nationals could own, determine the registration fees and related procedures. The law has appointed Dubai Lands and Properties Department as a regulatory authority for all properties in the Emirate.

Once the procedurals are set in place, the law will bring the needed stability to real estate industry and help in its organized growth. The legalization of the private property ownership rights will be an enormous boost to trust and credibility of Dubai as an investment destination.

The new property law is a welcome delight and marks the dawn of a new era to the thriving Dubai property Market. It is a boon to international buyers considering property purchases in Dubai as a safe and viable investment.

The Grandeur Residences : Maurya Block released

ETA Star has announced impressive sales of The Grandeur Residences at the Palm Jumeirah Crescent, with the substantial portion of the Mughal Block of the project being sold out within a month of launch. The company has now officially opened for sale the Maurya Block, which is expected to evoke similar response from regional and international investors.

Abid A. Junaid, Executive Director, ETA Star, said, 'The pace at which the Mughal Block was sold out was certainly heartening and we are confident that the Maurya Block will also have an overwhelming response. The interest generated by the project hasn't come as a surprise to us, given that The Grandeur Residences at the Taj Exotica Resort & Spa is one of the most prestigious projects in Dubai, and is on the same league as the Burj Dubai in terms of lifestyle benefits and pricing. Another crucial factor that was instrumental in generating so much interest in this project was the launch of Star Select Club, an exclusive channel management initiative for select agent partners. Since the launch of the program our agent's contribution has increased substantially.

ETA Technopark @ Chennai

The ETA Technopark Project (ETA @ T) is a project with Vision that addresses the IT infrastructure requirements of the country. The project envisages the creation of an IT SEZ (under the scheme of Government of India) in Chennai (on Old Mahabalipuram Road about 20 kms from Chennai) on a campus of 26.36 acres with a builtin area of about 4.16 Million Sq ft. The project has been granted the SEZ clearance making it one of the first few of its kind in Tamil Nadu. All other necessary approvals and clearances from various regulating authorities have been obtained enabling the project to go full steam.

The Project is planned in a totally different style (different from the normal IT concrete jungles - as seen in the cover of this project report) with state-of- the-art construction technology and planning conducive to international clients.

The Project would create readily occupiable buildings with completely finished common and service infrastructure and shell for interiors to be done by the clients. The revenue model is through the collection of rents for the area let out.

The design of the Technopark with greenery and twin towers and two blocks is expected to change the skyline of Chennai and also the concept of IT parks. With elaborate car parks and open surroundings the project would be unique.

ETA Star to launch Gardens Phase II soon

Since its launch in November 2005, ETA Star Properties has completed the Phase I of “The Gardens” and have moved on to Phase II. It consists of “The Rosebay” - G Block with 2 BHK apartments measuring 1399 sq ft to 1475 sq ft, totaling to 70 apartments, along with “Snowdrop” - H Block, consisting of 2 BHK & 3 BHK apartments, measuring 1623 sq ft to 1904 sq ft, totaling to 110 apartments. The internal works are in full swing. True to its tradition, ETA Star assures customers uncompromising quality, competitive pricing and prompt delivery.

Mr. Ashraf Buhari, Director, ETA Star, Bangalore stated “ETA Star Properties has the unmatched credibility of working with world renowned architects and building specialists, and bringing the best of design and technology to develop properties. It is also the fist developer in the region to be awarded the prestigious ISO 9000: 2001 certification. The Company strives to be the most preferred property developer by building better living environments and exceeding customer expectations – time after time.”

Right in the heart of the city, “The Gardens” is about 1.5 km from the Bangalore City Railway Station and The Majestic, the city’s busiest transportation hub. An island of green, it’s located on Magadi Road and is just minutes away from the bustling city centre with excellent amenities.

ETA Star to invest Rs. 13,500 crore in Chennai

ETA Star plans to invest over Rs. 13,500 crore in Chennai and its surrounding areas for developing property.

The company will establish an integrated township on 1,200 acres at Sriperumbudur with an outlay of Rs. 12,000 crore and five new projects with an investment of Rs. 1,350 crore.

Addressing a press conference here on Thursday, P. H. M. Syed Ismail, Managing Director of the company, said Chennai and its surrounding areas were buzzing with activity. He said after its successful launch of its Bangalore properties `Binny Crescent’ and `The Garden’ had now entered Chennai.

Mr. Ismail said ETA Star had already acquired 250 acres at Sriperumbudur. The integrated township would have a built-up area of five-crore sq. ft.

ETA Star would create a separate special purpose vehicle for the project in which it would hold 59.9 per cent, a foreign partner 40 per cent with TIDCO 0.1 per cent. ETA Star was talking to a few companies in the U.S. and Europe.

Mr. Ismail said the gestation period for the project was six to seven years from 2008 onwards. He said the Sriperumbudur project would be operated on the basis of FDI (foreign direct investment) norms.

ETA Star presents first Star Awards to partners

ETA Star, recently on (Thursday, February 22, 2007), presented its first ‘Star Awards’ to acknowledge the contribution of its partners at a glittering awards function held at the Marriott Courtyard Hotel in Dubai.

The Star Awards were presented in three categories – Marketing Partners, Sales Partners and Banking, Finance and Legal Partners.

Essa Abdullah Al Ghurair, Director of ETA Ascon and Star Group, gave away the awards at the function, which was attended by a host of senior officials from the ETA Group, partners of ETA Star and members from the media.

Speaking at the awards function, Abid A. Junaid, Executive Director of ETA Star, said “The exceptional accomplishments and growth achieved by ETA Star in such a short span of time would not have been possible without the relentless support of our partners who have shared a common vision of success. These awards are just one way of acknowledging the invaluable contribution made by all our partners and we look forward to working with them in the years ahead as we scale new heights.”

“The Stars Awards were instituted to recognise the role played by our partners in making ETA Star one of the leading property development companies in the UAE. Over the years, we have built an excellent relationship with all our partners which has contributed to our mutual growth and development.” added Junaid.

ETA Star steps up international marketing efforts

In its ongoing pursuit to tap newer markets and wider audiences, ETA Star is participating in roadshows and exhibitions across the CIS countries, Latvia, Qatar, Canada and the U.S.A. Understanding the far-reaching and long term benefits, ETA Star has partnered with key selling agents with planned initiatives to focused segments in some markets and exhibition representation in others.

In Russia, ETA Star has partnered with 5 agents, spearheaded by Zagy Properties, to showcase its key projects such as The Grandeur Residences, Liberty House, The Summit and 23 Marina at the Extravaganza Exhibition in Moscow from 26th to 28th October. Incidentally, Zagy Properties has also teamed up with ETA Star to showcase some of its projects in Toronto, Canada in November this year. Recognizing the potential of new markets, ETA Star is also participating in the Latvian property exhibition, Latexpo, through a partnership with a leading local property agent. Further emphasizing its foray into untapped markets, ETA Star will also be conducting roadshows in New York and California with the assistance of Bridge Property Services. Apart from this, Doha in Qatar will also be witness to a showcasing of ETA properties, through a roadshow done in partnership with AHB Trading.

After the unprecedented success of The Grandeur Residences in Kazakhstan, ETA Star has embarked on a novel venture in eight CIS countries by tying up with a prominent tour operator, Royal Park Tourism, in an effort to tap their captive customer base and also to reach out to the Russian tourist flow into Dubai that peaks during year-end.

Another milestone for 23 Marina

Hircon International LLC, a joint venture between the leading Hiranandani group and ETA Star properties, have received the much awaited building permit for their iconic tower 23 Marina coming up at Dubai Marina. The construction work for the tower has taken a fast pace to build on the dream tower which on completion would be one of the tallest exclusively residential buildings in the world.

The tower has its foundation complete which takes it to the commencement of the superstructure work. DCE, has been entrusted with the superstructure works. Dubai Civil Engineering is a group of the Al Hamad Contracting Company, which is one of the leading companies engaged in the construction of residential and commercial buildings in Dubai the Northern Emirates, Kingdom of Bahrain and Kingdom of Jordan.

Hircon International has awarded a contract over half a billion dirhams to Dubai Civil Engineering (DCE) to build the 90 storey tower that will offer residents a choice of superior quality two and three bedroom apartment and four bedroom duplexes deigned for an elite and luxurious lifestyle.

Darshan Hiranandani, Director, Hircon International LLC said: “23 Marina will set new benchmarks in the concept of luxurious living. The concept of each duplex apartment with a private plunge pool with Jacuzzi and an internal elevator in the last 24 floors is first of its kind in Dubai. Once complete, it will stand high above the increasingly sophisticated landmarks gracing Dubai’s skyline today, adding considerably to the prestige and reputation of the Middle East’s fastest-growing city.”

Designed to pamper its occupants to the utmost, the landmark residential tower features three levels of spas, fitness centres, indoor and outdoor temperature-controlled swimming pools, lavish decks and optional house automation. A stunning façade, sleek finish and amenities that cater to a host of needs add considerably to the 23 Marina’s appeal.

Star Giga Establishment launches Goldcrest Dreams

Star Giga Establishment Limited, a joint venture between ETA Star Property Developers and Mazyood Giga International, has announced the launch of Goldcrest Dreams, an AED 700 million freehold residential property development in Ajman, at a press conference held at the Goldcrest Tent located next to Ex-Oasis Centre on Sheikh Zayed Road, Dubai.

The move follows the resounding success of the Jumeirah Lake Towers-based Goldcrest Views 2, Goldcrest Executive in Dubai and Pearl Residence in Ajman.

Star Giga Establishment Limited has adopted a unique finance plan to facilitate easy ownership of Goldcrest Dreams apartments. Buyers will not be required to present any bank statements or bank documents to avail the interest-free finance option from the developer. Goldcrest Dreams offers an attractive five-year payment plan with easy, affordable installments. After reserving the apartment by making a down payment of approximately 10 per cent, the buyer need only to pay quarterly payments where monthly installments start from as low as AED 1,999 until possession. After possession, the balance payments can be made in installments similar to paying rent.

ETA Star opens Display Centre for ?The Palladium?

ETA Star has opened a Display Centre at its Hamarain Office for ?The Palladium? apartments. The Display Centre is exhibiting samples of interior finishes and fittings for home owner?s review and confirmation.

The Display Centre is open from 18th January ? 7th February 2006 Saturday through Wednesday (3pm -7pm) and on Thursdays (9am- 1pm). The facility could be inspected by the Palladium apartment owners with prior appointment.

The response to the Display Centre has been encouraging and the visitors have expressed sheer delight in the efforts taken to exhibit sample interiors and for giving the home owner a choice on the fittings and fixtures for the homes. ETA Star has plans to display similar interior options for all other properties.

The Palladium located at the heart of the Jumeirah Lake Towers, next to the Dubai Metals and Commodities Centre (DMCC), The Palladium is an ultra modern high-rise apartment complex, 34 storey high, comprising of office, retail and residential floor plans and spans over half a million square feet of built-up area and has been designed by the renowned ?DAR Consultants?.

Much like its namesake from the platinum group of metals, The Palladium is a distinctive lifestyle project designed to provide charm and sophistication to those associated with it.

ETA Star steps up international marketing efforts

In its ongoing pursuit to tap newer markets and wider audiences, ETA Star is participating in roadshows and exhibitions across the CIS countries, Latvia, Qatar, Canada and the U.S.A. Understanding the far-reaching and long term benefits, ETA Star has partnered with key selling agents with planned initiatives to focused segments in some markets and exhibition representation in others.

In Russia, ETA Star has partnered with 5 agents, spearheaded by Zagy Properties, to showcase its key projects such as The Grandeur Residences, Liberty House, The Summit and 23 Marina at the Extravaganza Exhibition in Moscow from 26th to 28th October. Incidentally, Zagy Properties has also teamed up with ETA Star to showcase some of its projects in Toronto, Canada in November this year. Recognizing the potential of new markets, ETA Star is also participating in the Latvian property exhibition, Latexpo, through a partnership with a leading local property agent. Further emphasizing its foray into untapped markets, ETA Star will also be conducting roadshows in New York and California with the assistance of Bridge Property Services. Apart from this, Doha in Qatar will also be witness to a showcasing of ETA properties, through a roadshow done in partnership with AHB Trading.

New Dubai Law welcomed by Property Investors

The revolutionary law paves way for non-UAE nationals to own properties in designated areas of Dubai Emirate and register their ownership with the Dubai Lands and Properties Department. The new Dubai law announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, re-confirms the visionary approach of Dubai government.

ETA STAR Commences Construction at Palm Crescent

ETA Star commenced the construction on the Taj Exotica & Spa and the Grandeur Residences with the ground-breaking ceremony on 18th March at the Jumeirah Palm Crescent site. The Resort & Spa project was launched in partnership with the world renowned Taj Group of Hotels.

Mr. Ratan N. Tata, Chairman of Taj Group signaled the commencement of piling operations at project site. Also present at the ground-breaking ceremony were His Excellency Mr.Yash K Sinha - Consul General of India, Mr. Sultan Ahmed Bin Sulayem, Executive Chairman - Nakheel, Mr. Easa Abdulla Al Ghurair, Vice-Chairman - ETA Ascon, Mr. Syed Salahudeen, Managing Director - ETA Ascon and other dignitaries from the industry.

The Taj Exotica & Spa and the Grandeur Residences is set to open in June 2009

Read more on http://www.etastar.com/etastar-7-52-1-ETA-Star-to-make-its-debut-at-MIPIM-in-Cannes.html

Star Metro Deira maintains 'Deluxe' status

Star Metro Deira, the luxury hotel apartments from StarHospitality, located on Salahuddin Road, Deira, has successfully maintained the 'Deluxe' classification for second year running. The Department of Tourism and Commerce Marketing (DTCM), Dubai provided the classification status to Star Metro Deira, after it concluded its annual inspection of the property recently.

Star Metro Deira, located in the heart of the main shopping district of Dubai, is the only 'Deluxe' classified hotel apartment in its neighborhood.

The hotel apartment consists of 164 units ranging from studios, one bedroom, two bedrooms to three bedrooms fitted with state-of-the-art digital equipment and furnishings. The amenities also include a hi-tech fitness facility, six meeting rooms, a gourmet restaurant, a Barista Espresso café, an executive floor and a temperature-controlled swimming pool, the largest outdoor pool in Deira.

Commenting on the recognition from DTCM for the second time, Mr. Peter Janssen, Group General Manager, StarHospitality, said, "We have consistently strived to provide quality service to all our clients. This is proven by the fact that most of our clients have come back to stay with us and have referred us to their friends and colleagues as the preferred choice for stay while in Dubai."

Star Metro Deira is a perfect 'home away from home' concept for business travellers and ideally located just 6 kms from the Dubai International Airport.

Star Metro Deira consists of 94 studios and 74 one bedroom apartments with a facility to convert to two bedroom apartments. Each of the rooms is equipped with a deluxe bath and toilet amenities, fully equipped kitchenette, twin hob microwave and a large refrigerator, a high definition LCD television, a working desk and chair with high speed internet access, two line speaker phone, luxurious duvet, washing machine, dryer, crockery and cutlery and an in room electronic safe. The personalized hospitality of the StarMetro offers a cosmopolitan experience with ambiance of a private home.

Star Hospitality operates under the commercial name Star Hospitality Hotels & Resorts and is owned by ETA Star Property Developers LLC. The new company aims to build a new benchmark in hospitality experience in the region and beyond. It already operates Hallmark Hotel and Star Boutique Hotel Apartments in Deira.