Al-Habtoor woos GCC nationals with attractive housing offers

Updated 16 May 2018

Al-Habtoor woos GCC nationals with attractive housing offers

Khalaf Ahmad Al-Habtoor, founding chairman of Al-Habtoor Group, has launched a promotion for GCC nationals for the sale of homes at the UAE’s luxury landmark in the heart of Dubai, The Residence Collection at Al-Habtoor City.

For a limited period, Al-Habtoor is extending a special payment plan for apartments purchased at the Noora Tower of 50 percent to be paid on purchase and the rest over 10 years — interest-free. Rates start from Dhs1,800 ($490) per sq. ft., which will include the four percent Oqood registration fee.

In addition to that, Al-Habtoor is extending a 20 percent discount on all purchases. This promotion is valid from May 13 till Ramadan end.

The 73-story Noora Tower features 546 luxury units, including four ultra-luxury penthouses, which are scheduled for full completion in July 2018. 

The 52-story Meera Tower welcomed its first tenants in March 2018 with over 50 percent of the tower already occupied.

Al-Habtoor said he is pleased to see high demand from local and international investors and that “sales are proceeding well since we made our first announcement in 2016.”

He added: “Al-Habtoor City is a luxury lifestyle destination for everyone whether they are tourists, residents or investors in the UAE. I am launching this in response to the high demand for special promotions from GCC nationals through social media channels, and to celebrate with UAE nationals a new iconic landmark in our country.”

The Residence Collection consists of three luxurious residential towers — Noora, Amna and Meera. The high-end homes, which range from one to seven bedrooms, boast views of Dubai’s skyline.

Each bedroom features an en-suite bathroom. Residents also enjoy the region’s largest resort-style pool deck, which spans more than 120,000 sq. ft.

The residential community will have access to amenities, which include the largest swimming pool and leisure deck in the UAE, a state-of-the-art gym, two luxury spas, multiple restaurants and cafés, and Al-Habtoor Tennis Academy.

Ascott debuts in Africa with Kwarleyz Residence

Updated 15 October 2018

Ascott debuts in Africa with Kwarleyz Residence

The Ascott Limited has cemented its footprint on the African continent with the opening of its first property in Accra, the capital of Ghana. Kwarleyz Residence, which is managed by Ascott, will be the first upscale international -class serviced residence to enter the flourishing Ghanaian market.
Thomas Wee, Ascott’s deputy managing director for the Middle East, Africa, Turkey and India, said: “Ascott has been managing world-class serviced residences globally for over 30 years. The opening of our first property in Africa, Kwarleyz Residence, enables our worldwide network of corporate clients and the growing international travelers to experience Ascott’s award-winning hospitality on another continent.
“Africa is the world’s second fastest-growing economy after Asia and we see great potential in the region’s hospitality market. Africa’s huge economic growth is fueled by massive infrastructure development, favorable investment policies, and a young population.
With our strong expertise in hospitality management, Ascott aims to set the benchmark in the region by offering business and leisure travelers world-class extended stay accommodation and superior customer service.”
Wee added: “In addition to Kwarleyz Residence, we have secured a contract to manage Ascott 1 Oxford Street which will open in the heart of Accra in 2019.”
Located in the upscale airport residential district, Kwarleyz Residence is surrounded by embassies and the headquarters of gold mining companies. About a five-minute drive from the Kotoka International Airport, the property is within easy access to the Marina Mall at Airport City and Tema Industrial City, via the motorway.
Vincent Miccolis, Ascott’s regional general manager for the Middle East, Africa and Turkey, said: “We are proud to partner with Wonda World Estates to bring the first-of-its-kind hospitality offering to the Ghanaian capital and introduce sophisticated living in Accra with the opening of Kwarleyz Residence.”
Nana Kwame Bediako, president for the Kwarleyz Group of companies, which includes Wonda World Estates, said: “We see this collaborative project with our colleagues at Ascott as another example of Wonda World Estates, Kwarleyz Group, Cola Group and Kensington Residential Partners showcasing, either individually or as a collective, a commitment to the improvement of emerging markets across the African landscape.”
The 40-unit serviced residence provides a variety of studio and one- to three-bedroom apartments.
The property includes facilities such as a restaurant, coffee lounge, sky bar, rooftop garden and basement parking. Guests can relax and rejuvenate in the gymnasium, outdoor pool or spa.
The International Monetary Fund forecasts that Africa’s economy will be the second fastest growing in the world with an annual growth rate of 4.3 percent from 2016 to 2020. Ghana is ranked Africa’s fifth most attractive investment destination. Its foreign direct investment increased by nine percent to a record $3.5 billion in 2016.