Dubai Maritime City To Develop “The Dolphin Residence”

By Joseph R. Fonseca
Wednesday, May 28, 2014
Dubai Maritime City

 

Dubai Maritime City (DMC), the world class maritime cluster in the heart of Dubai, today announced its partnership jointly with Sharaf Investments and Al Ali Property Investment (API) to develop “The Dolphin Residence” within the City, into a high-end iconic Freehold mixed use development complete with offices, private residences, a four star hotel, shopping mall, mosque, parking lot and leisure facilities. The partnership deal was signed by Khamis Juma Buamim, Chairman, Dubai Maritime City and Mr. Sharafuddin Sharaf, Vice Chairman of Sharaf Investments & Mr. Mohammed Abdulrahim Al Ali, Chairman of the Board Al Ali Property Investment (API).  

 
The project will begin immediately and the building,  with an approximate allowable built up area of 1,384,496 sq. ft , will be redesigned and remodeled in a phased manner with the initial phase concentrating on the re-doing of the interiors based on contemporary interior design concepts and including the latest materials. The project will be completed within three years with the exterior façade of the building to become an architectural landmark. In line with promoting the maritime culture and ethos of Dubai, which is one of the key objectives of DMC, ship owners, ship management companies, marine protection and insurance and ship operators can rent or buy office space at preferential rates.  This will in turn encourage the world maritime community to take note of the innumerable advantages of being based at the Residence in close proximity to a thriving maritime hub.
 
His Excellency Khamis Juma Buamim, Chairman Dubai Maritime City underlined the importance of the deal and said; “This partnership will help to develop a new model of cooperation in developing the maritime sector and strengthen it in accordance to the vision of our wise leadership. The maritime industry is one of the major sectors in the emirate and this project, without a semblance of doubt will be a defining development that will add to the unmatched lifestyle within the vibrant maritime culture and environment that Dubai Maritime City nurtures. We have envisaged a superior development with superb finishes, exemplary décor and a range of amenities suited to modern living. It will add value to the industrial and business district of Dubai Maritime City, which is already seeing rapid development and progress.”
 
"We are proud to be part of this great venture,” said Mr. Sharafuddin Sharaf, Vice Chairman of Sharaf Investments, on behalf of Sharaf Investments and Al Ali Property Investment, the Development partners. He added, "We would like to thank Dubai Maritime City for their trust shown by awarding this project to us. We would like to thank HE Khamis Juma Buamim and the Dubai Maritime City team for their support to bring the vision of HH Sheikh Mohamed to reality. We look forward to working with Dubai Maritime City to make this project a hub for the Maritime industry."
 
 Dubai Maritime City, which is over 2.27 million square metres in area, has been  reengineered to encourage a community lifestyle supported by a superlative infrastructure for the marine industry and business,  The development offers a conducive environment for modern living that balances working and living conditions as it provides facilities for office, residential, retail, recreational and leisure purposes. Additionally there are innumerable advantages of being situated on the Jumeirah coastline, close to the heart of the trading hub of Dubai, in close proximity to the international airport and cruise line hub at Port Rashid all of which offer excellent connectivity to regional and international business centres and significant networking and logistics opportunities.
 
Maritime Reporter September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

No Sign of Ultra-Large Containership Mega Hubs: Analysis

Contrary to the views of some in the industry, Ultra Large Container Vessels are continuing to call at multiple North European ports per loop and are not concentrating on a mega-hub,

Wärtsilä Reshuffles Two Top Managers

The following appointments have been made in the management inform Wärtsilä Corporation: Mr Rakesh Sarin (59), B.Sc. (Eng.), has been appointed President of Power Plants,

New Products

Voith Schneider Propellers Drive Double-ended Ferry MS Frisia IV

Ferries operated by Norden-Frisia AG have been serving the East Frisian island of Norderney for many decades. Navigation in these coastal waters poses special

BCG Releases PCVM Emulation

Buffalo Computer Graphics (BCG) Inc. announced the addition of another emulation product to its family of Radar Simulators. BCG has completed an emulation of the VisionMaster FT radar – our PCVM.

GPS Discharge Control System for Food Waste

Through a cooperation with Marine Position AB, Uson Marine AB can now offer functionality from the Seatrade award winning system Environmental Navigator for its

Ports

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

No Sign of Ultra-Large Containership Mega Hubs: Analysis

Contrary to the views of some in the industry, Ultra Large Container Vessels are continuing to call at multiple North European ports per loop and are not concentrating on a mega-hub,

FTA Approves WSF Ferry Terminal Plans

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves

Finance

A Boost for UK Offshore Drilling? DW Monday Muses

Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report

MHI, IHI & DBJ Join Forces On Investments

Mitsubishi Heavy Industries, Ltd. (MHI), IHI Corporation and the Development Bank of Japan Inc. (DBJ) concluded a three-way formal agreement today on their respective

Clarksons PLC Perform Strongly in 1H 2014

Leading shipping services group, Clarksons PLC reports strong strong financial performance in the first half of 2014. Financial Results Clarksons increased revenues by 25% to £111.

Environmental

China's National Carbon Market to Start in 2016

China plans to roll out its national market for carbon permit trading in 2016, an official said Sunday, adding that the government is close to finalising rules

Fukushima Fallout: Resentment Grows

Like many of her neighbours, Satomi Inokoshi worries that her gritty hometown is being spoiled by the newcomers and the money that have rolled into Iwaki since

Frost & Sullivan’s Excellence Awards 2014 recognises 18 companies

Frost & Sullivan held its inaugural New Zealand Excellence Awards on 28 August 2014 at Villa Maria, presenting a total of 18 awards to companies across the industries of Food,

News

MHI, IHI & DBJ Join Forces On Investments

Mitsubishi Heavy Industries, Ltd. (MHI), IHI Corporation and the Development Bank of Japan Inc. (DBJ) concluded a three-way formal agreement today on their respective

ABB Celebrates 125th Anniversary in Finland

ABB is celebrating today its 125th anniversary in Finland. Founded in 1889 in Helsinki by entrepreneur and inventor Gottfrid Strömberg, ABB Finland is today

China's National Carbon Market to Start in 2016

China plans to roll out its national market for carbon permit trading in 2016, an official said Sunday, adding that the government is close to finalising rules

Consulting

No Sign of Ultra-Large Containership Mega Hubs: Analysis

Contrary to the views of some in the industry, Ultra Large Container Vessels are continuing to call at multiple North European ports per loop and are not concentrating on a mega-hub,

A Boost for UK Offshore Drilling? DW Monday Muses

Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report

Clarksons PLC Perform Strongly in 1H 2014

Leading shipping services group, Clarksons PLC reports strong strong financial performance in the first half of 2014. Financial Results Clarksons increased revenues by 25% to £111.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2781 sec (4 req/sec)