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Articles
Eclipse Tower in Jumeirah Village unveiled
Thursday, November 13, 2008 Avg. Reading Time: 2 Min, 30 Seconds

The development wing of AAA international Group, AAA Appraisers has finally showcased the mind boggling project of the Eclipse Tower in Jumeirah Village. The project will be constructed after a colossal expenditure of $200 million. The project is strategically situated on the Al Khalil Road which provides a direct admittance into the luxurious community of Jumeirah Village.

The development will occupy a gigantic area of 350,000 square feet with a retail space area of 55,000 square feet. The tower will be integrating a vast 9 hole golf course as a part of the enormous development. Expressing his perspective on the unconventional concept of progress Mr. Yousef Yaqoub, General Manager AAA said,

'This is a record of sorts as Dubai, has never experienced a Sky Golf Course. Located on the podium of the building, 4 levels above the ground, the course will feature bunkers, water hazards, as well as a pioneering water management system which maintains the golf course with minimal wastage of water.'

'Most towers have facilities like gym and sauna which in reality are never used. The golf course will enable the residents of the building to conduct business while playing golf as well having informal business lunches while walking the greens'. He added.

For the first time AAA provides its investors the exceptional opportunity of receiving their own office they moment they register for it. This extraordinary conception is being viewed as a revolution in realty management by Mr. Yousuf who said

‘Most businesses have to wait for more than two to three years for hand over of the keys to their office. We aim to introduce a paradigm shift in the real estate industry, by offering our investors the chance to move into new 'fully furnished' offices …immediately.'

The scope of conveniences has been further extended by the developers as they are willing to offer a fully furnished office for 3 years in the Galleria Towers in the Palm Jebel Ali Downtown which is owned and administered by Limitless.

The company will also be providing investor visa and trade license to businessmen in fluxing their capital. Additional amenities such as Secretarial support and Business Center Services like Call forwarding, P.O. Box facility, Reception & Security will also be provided readily so that their operations can commence without suffering from any kind of postponement.

'All of these services come absolutely free without any PRO or Sponsorship charges. More so the investor can also avail of optional rental income from the facility. Basically, an investment into the Eclipse Towers starts paying for itself almost immediately'. Mr. Yousef added.

Most importantly the expenditure on providing all such facilities will not augment the per square foot cost of the apartment.

'We have adopted this marketing approach by reducing and channeling the costs of ads, events and events that are usually added by the developers to the general costs of the project. By this way, doors have become open for the companies to come and work in Dubai. It has become easy for them to find offices, mainly in Jebel Ali Free Zone, and practice their activities there'.

Furthermore, this approach has provided the office units directly the investors of end users without going through the chains of brokers, or speculators and investors who significantly contribute in increasing the prices to get quick returns', he added.

Commenting on the sales plan, the Sales Manager, added, 'The value added features of the building like the Sky Golf Course and the price point at which it has been launched, combined with the 'Buy Now and Move in NOW' offer will generate tremendous demand for this property from local and international retail investors who don't want to wait for several years to launch their business.'

'The sales of this tower will be launched within the next couple of months. We expect 50% of the building to be sold out in the pre-launch phase. The pre-launch prices are expected to rise by 15% on launch.' He added.

The construction of the project is expected to commence by the end of September 2008 and it is expected that the project will acquire the certificate of completion in 2010. The project has already been endorsed by Land Department and RERA after it launched its escrow account in The Emirates Bank.

Web Real Estate has been nominated as the supervisor of marketing affairs related to the project.

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Uzma Nawaz
Staff Reporter
Thursday, November 13, 2008 at 1:33 PM UAE local time (GMT+4)
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