June 23 , 2006

Just Released - The Cube, Five-star Condo Hotel

Dubai Sports City, Prices Start at $251,200

Hello, it's Joel Greene here from Condo Hotel Center.

I do lots of interviews with reporters who are writing about the condo hotel trend sweeping the nation. One of the questions that invariably comes up is, "Where are the hottest condo hotel markets?"

If you've been reading our Property Alerts for a while, you probably know that Florida -- particularly Miami Beach, Fort Lauderdale and Orlando -- Chicago, and Las Vegas are the top U.S. markets. And judging by the overwhelming response we had to our most recent offering, New Oasis, we can probably add Myrtle Beach, S.C. to the list too.

But when you take into account the entire world, there's another market that is blasting off in terms of real estate development, and condo hotels are a big part of that growth. I'm talking about Dubai.

I've written about Dubai properties before. In fact, we've got a whole website dedicated to Dubai condo hotels, www.CondoHotelsDubai.com.

But the thing about Dubai real estate is that it is so much in demand these days that if you don't get in early, all the best and most economical units are sold, prices have escalated, and within a few months, sometimes weeks, entire properties are sold out.

Today, I've got the details on an exceptional, newly released condo hotel in Dubai. Inventory is wide open (including those affordable studio units that always go first) and prices are at first tier. It's a really unique property, one that brings to mind that old Huey Lewis and the News song, "It's hip to be square."

Geometry Gone Wild - The Cube Condo Hotel
The Cube is a new $70 million, five-star condo hotel offering just come on the market. It will be an eye-catching landmark tower located in the center of Dubai Sports City, the centerpiece of one of the six "worlds" being built in the immense Dubailand theme park/residential development. (More on Dubailand and Dubai Sports City in a minute.)

The Cube, just put on the market, will be a luxurious condo hotel overlooking Dubai Sports City.

The Cube will feature 561 ultra-modern condo hotel units with studios, one- and two-bedroom units. The 27-story tower will have a cutting-edge design set amidst an urban lake landscape complete with lush gardens and soothing waterfalls.

Guests and owners will enjoy The Cube's five-star amenities and services including:

The Cube will feature five-star amenities and services in an ultra-modern setting.

Condo Hotel Unit Features
The individual condo hotel units will be equally luxurious. The Cube's spacious homes will each have large private balconies offering panoramic views of the lake, park and Sports City stadiums. They'll feature quality finishes of the highest possible standards, including generous use of marble and bright natural stone.

The 561 condo hotel units will be designer furnished with all the conveniences and luxuries of home.

They will include all furnishings, fixtures and appliances such as:

The contemporary interior design will coordinate with the unique architecture of the building.

Developer is a Top German Company
The Cube project is being developed by a consortium of well-respected German companies led by Trend Capital, a large German finance company. It is the first major German investment in the city of Dubai.

The Cube is being developed and designed by a consortium of well-respected German companies.

The cutting-edge design of The Cube was developed by BRT, an internationally renowned architectural firm based in Hamburg, Germany. The unique architecture of The Cube will give it an undeniable presence and make it a focal point visible from all areas of Sports City.

Jens Bothe of BRT said, "In a market as buoyant and competitive as Dubai, design has been a principal focus for us from the start. With a city as full of landmarks as Dubai, we felt we had to create something that was future-proof, yet still stood out in the landscape."

While BRT will oversee the design of the tower, BMG, a Berlin-based company that does work around the world, was selected as the general contractor.

Construction of The Cube is expected to begin within a couple of months and to be complete by summer 2008.

Why Dubai?
Dubai is one of the seven United Arab Emirates, and it's been noted as the fastest-growing city on the planet. In fact, it has all the makings of a blockbuster success of epic proportions.

It lies on the southeastern shore of the Persian Gulf, strategically located at the cross roads of Europe, Africa, the Middle East and Asia. This makes it a gateway to over 1.5 billion consumers.

Dubai is centrally located for visitors from Europe, Africa, the Middle East and Asia.

With its central location, Dubai is rapidly becoming the premier tourist destination of the region. Over the past decade, the number of visitors to Dubai has grown from 1.08 million to 5.4 million, representing an annual growth of 16%. This growth rate is more than triple the world tourism growth rate over the same period. In fact, the last five years alone witnessed a 54% growth in the numbers of tourists visiting Dubai.

Forecasting 200,000 visitors a day, Dubai is being designed to attract and accommodate 15 million visitors a year by 2010, up from just six million in 2005. All of this bodes well for owners of condo hotel units.

Be a Part of Dubai's Skyrocketing Growth
What sparked Dubai's sudden growth? In May 2002 Sheik Mohammed bin Rashid al-Maktoum, in an effort to reduce Dubai's economic dependence on oil, issued a decree that for the first time allowed foreigners to buy and sell property.

Sheik Mohammed certainly wasn't shy - or modest - in sounding the call for investors. "I would like to tell capitalists" he said, "that Dubai does not need investors; investors need Dubai."

The race was on. Investors from all over the globe jumped in with both feet. They recognized the potential of Dubai which offered a central location, stable economy, secure political scene, zero property and income tax, and an unmatched standard of living.

An estimated $80 billion of real-estate projects is currently underway in Dubai.

The result? Today Dubai is the number one emerging market in the world. An estimated $80 billion of real-estate projects, including the five-star condo hotels we at Condo Hotel Center represent, are now underway in Dubai.

One of my best clients who was just there said it best: "The entire city of Dubai looks like a giant Ritz Carlton."

Dubailand and Dubai Sports City
Much of the growth of Dubai has been centered on a "city" called Dubailand. What is Dubailand? Disneyland in the desert, you could call it.

By any name, though, it's a doozie of a development: a master-planned, broad-ranging destination for tourism, entertainment and leisure. It is being built to secure Dubai as the premier tourist destination for the Middle East, and really, when you think about it, for the entire world!

The completed project will span about 70 square miles. While the private sector has been courted for about $5 billion in development, Dubai's government has already begun building the project's $700 million worth of infrastructure.

Already under construction, Dubailand will encompass 70 square miles of attractions and entertainment venues by 2020.

Dubailand will contain 45 mega-projects and over 200 sub-projects, making it the most ambitious tourist destination ever created, one that will appeal to the widest audience of tourists, covering all age groups, nationalities and activities.

Upon completion in approximately 2020, Dubailand will be nearly three times the size of all of Walt Disney World Resort in Florida (including its theme parks, hotels, resorts, attractions, land, etc.), making Dubailand the biggest theme/amusement park in the world.

There will be six "Worlds" in Dubailand. The Cube will be located in Sports and Outdoor World.

The various projects being built in Dubailand have been categorized into six themed zones, each of which focuses on a different aspect of the Dubailand experience. The zones, referred to as "worlds," include:

Now stay with me here. A part of Sports and Outdoor World, which includes the Dubai Autodrome, Extreme Sports World, Golf World and The Plantation Equestrian & Polo Club, is Dubai Sports City. It is in Dubai Sports City, a $1.9 billion development, that The Cube will be located.

Artist's rendering of some of the stadiums and infrastructure planned for Dubai Sports City.

Dubai Sports City is under construction and should be complete in 2011. It will contain a unique combination of sports, lifestyle, leisure and entertainment developments.

Dubai Sports City will encompass many state-of-the-art stadiums and world-class sports academies.

Designed to attract professional athletes and world-class athletic competitions, it will encompass the following venues:

Let me summarize. Dubai Sports City is the centerpiece of Sports and Outdoor World, one of the six main Worlds in Dubailand, located in the exciting city of Dubai. And here's the relevant part: the Cube condo hotel will be located in the heart of it all.

The Cube, far side of lake center right, will have a cutting-edge design, helping it to stand out in the Sports City landscape.

Prices Start at Just $251,200!
As I mentioned earlier, The Cube has recently come on the market and pricing is very favorable. You can choose from a wide selection of fully-furnished condo-hotel units:

Information for Investors
The Cube offering is geared toward real estate investors interested in capitalizing on the rapid growth and appreciation of the dynamic Dubai market.

If you've ever thought to yourself, "If only I'd owned one of those Florida orange groves that eventually became Disney World," or "I wish I'd invested in that business in the desert that became part of the Las Vegas Strip," here's another chance to make your mark in the sand - Dubai!

"A green jewel with stadiums as a back drop," is how the developers of The Cube are describing this property. Once built and operational, they expect unrivaled demand for their condo hotel units from high-profile sports personalities, athletes, coaches and visitors alike. They are, therefore, offering several unique buyer incentives regarding annual returns.

As a U.S. company which must operate within the guidelines of SEC regulations, Condo Hotel Center can't discuss the investment aspects of condo hotels. We're only allowed to "sell the real estate and the lifestyle." However, those details can be sent to you by the developer's representative, upon request.

For now, if this property sounds appealing, please request the data sheet I've put together. It contains lots more details on The Cube and how to proceed if you have further interest.

Request The Cube data sheet here.

It's Hip to Be Square
So if you have been watching the news of late, (and I don't mean Huey Lewis and the News), you've been hearing more and more about how the world is beating a path to invest in Dubai.

Sure, "it's hip to be square," as Huey Lewis once put it, but it's also fun to be like everyone else who is capitalizing on the real estate opportunities in this exciting, emerging city. As one of my clients said, "Dubai, it's a great place to visit, but an even better place to buy real estate, right now!"

As always, thank you for taking the time to read our Property Alerts. If you'd like to learn more about Dubai, I encourage you to visit our Dubai website, www.CondoHotelsDubai.com.

Please pass this Property Alert onto friends and have them subscribe on our website, www.CondoHotelCenter.com. We're always trying to grow our "condo hotel family."

Thanks for making Condo Hotel Center the #1 resource for condo hotel news.

Joel Greene, Broker-Associate
Condo Hotel Center
A Division of Sheldon Greene & Assoc., Inc.
Licensed Real Estate Broker
13499 Biscayne Blvd., Ste. 210
N. Miami, FL 33181
PH: (954) 450-1929
FX: (954) 450-1321
Joel@CondoHotelCenter.com
www.CondoHotelCenter.com
www.CondoHotelsDubai.com

© Copyright 2006.

*All rights reserved. No portion of this Property Alert may be reproduced, exhibited or distributed without the express written permission of Condo Hotel Center. Although Condo Hotel Center believes the information contained in this Property Alert to be accurate and complete, Condo Hotel Center can make no such guarantee.