Sama Dubai: Difference between revisions
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Sama Dubai develop real estate and property [[megaprojects]] in various countries. However, most of these projects have been suspended indefinitely. These originally included projects such as:<ref>[http://www.sama-dubai.com/portfolio/default.asp/ Sama Dubai Portfolio], Sama Dubai Official Website.</ref> |
Sama Dubai develop real estate and property [[megaprojects]] in various countries. However, most of these projects have been suspended indefinitely. These originally included projects such as:<ref>[http://www.sama-dubai.com/portfolio/default.asp/ Sama Dubai Portfolio], Sama Dubai Official Website.</ref> |
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*'''[[Dubai Towers]]''' - A series of supertall, [[mixed-use]] [[skyscrapers]] being developed in three countries that will contain residential, business, office and entertainment sections. |
*'''[[Dubai Towers Dubai|Dubai Towers]]''' - A series of supertall, [[mixed-use]] [[skyscrapers]] being developed in three countries that will contain residential, business, office and entertainment sections. |
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**[[Dubai Towers Casablanca]] in [[Casablanca]], [[Morocco]] |
**[[Dubai Towers Casablanca]] in [[Casablanca]], [[Morocco]] |
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**[[Dubai Towers - Doha|Dubai Towers Doha]] in [[Doha]], [[Qatar]] |
**[[Dubai Towers - Doha|Dubai Towers Doha]] in [[Doha]], [[Qatar]] |
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Revision as of 21:36, 17 October 2012
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Real Estate, Hospitality |
| Founded | Dubai (2006) |
| Headquarters | , |
Area served | MENA (currently) |
Key people | Farhan Faraidooni (Executive Chairman) |
Sama Dubai (Template:Lang-ar) is a member company and subsidiary of Dubai Holding, a holding company set up by the government of Dubai. Sama Dubai was created as a company with wider responsibility and mandate than its previous predecessor (Dubai International Properties).[1] Sama Dubai is practically the international property arm of Dubai Holding. It develop real estates and properties in numerous countries, globally. It was announced in the summer of 2009 that Sama Dubai would be merged into Emaar, along with Dubai Properties and Tatweer.[2][3][4]
Portfolio
Sama Dubai develop real estate and property megaprojects in various countries. However, most of these projects have been suspended indefinitely. These originally included projects such as:[5]
- Dubai Towers - A series of supertall, mixed-use skyscrapers being developed in three countries that will contain residential, business, office and entertainment sections.
- Dubai Towers Casablanca in Casablanca, Morocco
- Dubai Towers Doha in Doha, Qatar
- Dubai Towers Istanbul in Istanbul, Turkey - this project has been cancelled
- Dubai Towers Dubai in Dubai, UAE - this project has been suspended indefinitely
- Dubai Towers Jeddah in Jeddah, Saudi Arabia - this project has been suspended indefinitely
- Salam Resort & Spa - A new resort & spa hospitality chain launched by Sama Dubai.[6]
- Salam Yiti - in Yiti, Oman. A AED3 billion project consisting of 2.6 million square meter resort with 18-hole golf course, luxury hotel, marina and eco centre.[7]
- Salam Bahrain - in Bahrain
- The Lagoons - A luxurious real estate development in Dubai's Dubai Creek district with retail, residential and business sections. Featuring an Opera House. The entire project was suspended indefinitely after construction of the show room [8]
- Amwaj - Another real estate development in Rabat, Morocco to create a waterfront city in 100 hectares featuring buildings in classical Mediterranean and Moorish architecture.
- Century City & Mediterrenean Gate - A huge luxury real estate investment on the Lac du Sud of the Tunisian capital Tunis. This project covers an area of 830 hectares and will comprise the construction of an ultra-modern new city with many skyscrapers, hotels, residential complexes, cultural and leisure complexes, a marina and many shopping malls. As for Tunisia, this will be the most important investment and project in its history. The costs for this project are estimated at $14bn. The construction works have already commenced in August 2007, the completion of the project will take about 15 years. The first phase will be ready by 2012. This new city will be home to up to 500.000 people and will create 130.000 new jobs for young Tunisians.
Much of this portfolio is now thought to be on hold. [9]
The Lagoons image gallery
Legal issues
There have been a number of legal issues arising, predominantly related to Sama Dubai's main project in Dubai. The best known of these is the arrest of four senior members of management, including CEO Abdulsalam Almarri, as part of the clean up of the Dubai property market[10]
Other disputes relate to Sama Dubai's blocking of transactions, pending irregular payments [11] and statements from the company that it is not bound by investor protection laws, such as the Escrow law.
References
- ^ Dubai Holding establishes new corporate entity, Sama Dubai, AMEInfo, 2006-04-11.
- ^ http://www.dubaichronicle.com/business/property/four-local-real-estate-companies-to-merge-11381
- ^ http://www.thenational.ae/apps/pbcs.dll/article?AID=/20090829/BUSINESS/708299956/1051/rss
- ^ http://www.encyclopedia.com/doc/1A1-D993J3P02.html
- ^ Sama Dubai Portfolio, Sama Dubai Official Website.
- ^ Salam Resort & Spa - Official Website.
- ^ Sama Dubai to develop AED3 billion lifestyle resort in Oman, Sama Dubai News Centre, 2005-06-06.
- ^ The Lagoons Official Website
- ^ Skyscrapercity
- ^ Top Firm Executives Plead Not Guilty in Bribery Case
- ^ Kuwaitis seek Sama Dubai arbitration
External links
- Sama Dubai - Official Website