REAL ESTATES FORUM

iPod style development - New development authority of Dubai has
decided to build a structure that resembles an iPod Mp3 player. Known
by the name of The Pad Dubai, this building is located in Dubai
Business Bay.

Omniyat properties of Dubai presented a model of this project, which
has 230 apartments, at Dubais International Property Show which was
held from 3rd to 5th of April, 2007. These apartments will acquire
Almasa Holdings which is a brand name in IT and Real Estate Markets,
and is the parent name of Omniyat Properties. Authorities had decided
that this building would include lofts, one and two- bedroom
apartments and studio apartments. This is a 9 million AED property
project and the minimum area available to the buyer is 581 sq.feet.
According to property realtors in Dubai, 1 bed room set in these
apartment will cost 362,372 US dollars, 2 bed room apartments will
cost 901,158 US dollars, whereas studios will cost about 343,688 US
dollars. Recently, similar 2 bedroom apartments in the Business Bay
Area were sold for 550,000 US dollars by the Corporate Finance House.

http://dubai-property-news.blogspot.com/2008/04/dubai-property-options.html