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Condo Hotel Center: Property
Alert
September
28, 2007
Italian Artistry
Comes to Dubai
Giovanni Boutique
Suites, Prices From $176,470
Hello. Joel Greene here from Condo Hotel Center. If
you've been reading our Property Alerts for a while,
then you know that one of our favorite locations for
condo hotels has been Dubai in the United Arab Emirates.
What's the appeal? It
offers top-quality properties at affordable prices
with well-managed rental programs and great appreciation
potential over time. We see Dubai as the quintessential
emerging market.
So what have I got for
you today? Let's say it's a project with an Italian
flair. The Italians have long been known for their
artistic talent: Michelangelo, da Vinci, etc.
Well, now Italian artistry
will come to Dubai in the form of a contemporary condo
hotel destined to be an architectural masterpiece.
Giovanni Boutique Suites is a creation of the well-known
Italian designer Giovanni Batista Ravagnani.
Refined
Italian Design
Giovanni Boutique
Suites will be a five-star condo hotel located in
Dubai Sports City, soon-to-be the sports capital of
the world. Well-known Italian architect-designer Giovanni
Batista Ravagnani has created a glass tower that will
reflect quality, finesse and refined Italian taste.
It will combine art and modern architecture to become
a landmark on the Dubai skyline.
A five-star condo hotel, Giovanni will be centrally
located in exciting Dubai Sports City.
Offering breathtaking
golf course and garden views, Giovanni Boutique Suites
will have a prime location. It will be the closest
tower to the city's major sports academies and shopping
areas. Owners and guests will find everything they
need within walking distance. More on all that Dubai
Sports City has to offer in a minute.
Five-star
Amenities and Features
The condo hotel will
have 20 stories and will be contemporary, yet functional,
in design. It will have 400 individual units.
The condo hotel units at Giovanni will offer panoramic
views of a golf course, gardens and the city's sports
venues.
As you would expect from
a property of this caliber, Giovanni Boutique Suites
will have a full complement of amenities including:
- Elegant entrance, lounge and reception
area
- Rooftop health club and gymnasium
- Separate aerobics hall
- Full-service spa
- Rooftop swimming pool
- Two level basement parking
- 24 hour room service
- 24 hour security system
- Close to all amenities (schools,
shopping malls, recreational facilities, etc.)
A rooftop swimming pool is just one
of many exceptional amenities at Giovanni.
The individual condo
hotel units, or "boutique suites" as the
developer refers to them, will be delivered fully
furnished with top-of-the-line furniture and finishes
selected by the internationally acclaimed Italian
designer Giovanni Battista Ravagnani.
The condo hotel units will be designer furnished and
elegantly appointed.
The kitchens will be
fully equipped. Each unit will have a private balcony
and will offer spectacular views of Dubai Sports City.
Why
Dubai?
Let me put the Giovanni Boutique Suites into context
for you by giving you a little background on Dubai.
It's a fascinating place. Probably more than any other
destination, it represents a city with a seemingly
unlimited capacity for growth.
Only a few years ago, its rulers began thinking ahead
to a time when its economy could no longer be fueled
by its oil reserves. They made a decision to invest
in developing their city's travel and tourism sectors.
And their vision is coming to life with unbelievable
speed.
Dubai is the fastest growing city in the world. For
the past three years its economy's growth rate has
exceeded 16%, beating that of China at 8%, acknowledged
to be one of the fastest growing economies in the
world. Dubai has more heavy building cranes than anywhere
else in the world.
Over 15% of the world's cranes are
currently in Dubai, working on $80 billion+ in real
estate projects.
 Just
about every foreign airline already flies to Dubai,
and the expatriate community is also growing rapidly.
This is truly the definition of a global city, with
over 180 different nations represented here.
Dubai has been called the Las Vegas of the Middle
East. Although it doesn't have casinos, the hotels
are architectural icons, and there are many massive
upscale residential developments, most of which are
sold out before "sand" is broken.
Dubai has plenty of
firsts. It has the world's only seven-star hotel,
the Burj Al-Arab (pictured right), which also boasts
the world's tallest atrium. Rooms run $2,000 to $16,000
per night, and that includes some distinct special
touches like a 16-page pillow menu. The Burj Al-Arab
is usually sold out months in advance.
Dubai also has skiing. Yes, skiing, in the desert,
no less. It has the world's largest indoor ski resort,
which just happens to be located in the world's second
largest shopping mall.
Dubai has the world's largest indoor
ski resort . Despite its desert location, the resort
makes over 6,000 tons of snow per day.
Currently under construction
is the Burj Dubai, which is still "growing," but is
already the world's largest tower. It will be over
160 stores high, but the exact height is a secret
because the developers don't want competitors to one-up
them.
Although construction is not yet complete,
the Burj Dubai is already the world's tallest building
at 160+ stories.
When the city ran out
of coastline on which to build luxury homes, its rulers
were undaunted. They simply began constructing artificial
islands, creating 90 square miles of new beachfront
property. The Palm Islands are the world's three largest
man-made islands, which are being built on the coast
of Dubai.
The Palm is one of three man-made islands
off the coast of Dubai which will house hotels, luxury
homes, malls and more.
Built in the shape of
date palm trees, the islands will feature over 60
luxury hotels, 4,000 exclusive residential villas,
1,000 unique water homes, 5,000 waterfront apartments,
marinas, water theme parks, restaurants, shopping
malls, sports facilities, health spas, cinemas and
various dive sites.
The World, also located off the coast of Dubai is
a collection of 300 man-made islands shaped into the
continents of the world. It too will offer private
homes, luxury resorts and community islands. Celebrities
are already scooping up theirs, including Rod Stewart,
David Beckham, and Pamela Anderson (wouldn't you love
to be her neighbor!). Tiger Woods has reserved a lot
too, and he's signed a deal to design his first golf
course nearby.
The World is a collection of 300 man-made islands
shaped into the continents of the globe, located off
Dubai's coast.
Dubai,
World-Class Tourist Destination
Dubai lies on the southeastern shore of the Persian
Gulf near the strait of Hormuz, strategically located
at the cross roads of Europe, Africa, the Middle East
and Asia. This central location makes it a gateway
to an estimated 1.5 billion consumers.
Dubai has the ideal central location
for visitors from Europe, Africa, the Middle East
and Asia.
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 Dubai experienced a 54%
increase in the numbers of tourists.
Forecasting 200,000 visitors a day, Dubai is being
designed to accommodate 15 million visitors a year
from 2010 onwards.
Dubailand,
Disney on Steroids
Much of the explosive growth of Dubai has been focused
on a "city" called Dubailand. What exactly
is Dubailand? I guess you could say it's Disney World
on steroids in the desert!
Dubailand is a $20 billion development
spanning 107 miles, destined to become a world-class
vacation destination.
By any name, though,
it's an incredible undertaking. It is a master-planned,
full-featured city for tourism, entertainment and
leisure. Spanning 107 square miles, the massive development
will cost $20 billion.
It will include 45 mega projects and 200 sub projects.
It will be more than twice the size of all of the
Disneyland/Disney World resorts put together, currently
the largest collection of theme parks and attractions
in the world.
And the plans for Dubailand keep expanding. Just a
couple of months ago, U.S.-based Universal Studios
announced it would develop its own $2.2 billion theme
park within Dubailand.
By 2008, the first of four phases comprising the development
of Dubailand will be complete. The final phases will
extend to 2020.
Dubai
Sports City
Dubailand will encompass theme parks,
sports venues, restaurants, hotels, shopping and more.
Dubailand will consist
of 70 square miles of attractions and entertainment
venues by 2020.
The various projects being built in Dubailand have
been categorized into six immense themed zones, each
of which focuses on a different aspect of the Dubailand
experience. The zones, referred to as "worlds,"
include:
1. Attractions and Entertainment
World
2. Leisure and Vacation World
3. Retail and Entertainment World
4. Downtown
5. Eco-tourism World
6. Sports and Outdoor World
Dubai Sports City will be the $1.9
billion centerpiece of Sports and Outdoor World in
Dubailand.
Now stay with me here.
Let's talk just about Sports and Outdoor World. Here's
what this World will include:
- Dubai Autodrome (already built)
- Extreme Sports World
- Golf World
- The Plantation Equestrian &
Polo Club
- Dubai Sports City
Already constructed and operating,
the Dubai Autodrome is a world-class motor sports
facility in Dubai Sports City.
It is in Dubai Sports
City, a $1.9 billion development, that The Giovanni
Boutique Suites will be located. Dubai Sports City
is already under construction and will be complete
in 2011. It will have a variety of sports, lifestyle,
leisure and entertainment developments. Here are a
few more stats on Dubai Sports City.
Dubai Sports City will contain several
world-class stadiums, training facilities and big-name
sports academies.
Designed to attract
professional athletes and world-class athletic competitions,
it will encompass the following venues:
- Stadiums
- Various stadiums for international sports and
mega-events. A dedicated cricket stadium, capacity
30,000 spectators; an outdoor multipurpose stadium
for football and rugby, capacity 60,000 spectators;
an indoor multi-purpose stadium for basketball and
volleyball, capacity 10,000 spectators; and a dedicated
hockey stadium, capacity 10,000 spectators.
- Sports
Academies - The
Manchester United Soccer Schools, Butch Harmon School
of Golf, David Lloyd (Leisure, Spa, and Tennis Academies),
and the International Global Cricket Academy.
- Training Facilities
- Multi-sport training facilities including gymnasiums,
Olympic pools, and a state-of-the-art sports rehabilitation
center.
- Golf Course
- 18-hole Ernie Els golf course being designed in
association with Nicklaus Design.
- Residences
- Various residential communities and high-rise
buildings offering spectacular views of the surrounding
golf course, stadiums and canals.
- Commercial
- The biggest brands, franchises and contemporary
icons from the business, hospitality, entertainment
and sports training worlds will all be represented
in Dubai Sports City.
Every venue in Dubai Sports City will
be innovative, multi-functional and state-of-the-art.
Let me summarize. Dubai Sports City
is the centerpiece of Sports and Outdoor World, one
of the six main Worlds in Dubailand, the world-class
tourist destination in the exciting emirate, Dubai.
And Giovanni Boutique Suites condo hotel will be located
in the center of it all!
Pretty amazing stuff, wouldn't you say? And The Giovanni
Boutique Suites at Dubai Sports City offers an opportunity
to be a part of this area's dynamic growth.
In addition to its many entertainment
venues, Dubailand will contain many upscale commercial
and residential areas.
If you've ever thought
to yourself, "Gee, if only I'd bought property
in Orlando when Disney World was just being built…"
well, this is that same kind of exceptional opportunity!
Prices
and Availability
The property has not been released to the general
public. In fact, it is only being offered  through
about a half-dozen, hand-picked realtors in Europe
and the Middle East. Condo Hotel Center was pleased
to be selected as the only North American representative.
Prices at Giovanni are
at first-tier, pre-construction levels, giving you
the opportunity to maximize any potential appreciation.
There are two main types
of units, studios and two-bedrooms. The studios range
from $176,470 to $230,692. The two-bedroom units range
from $356,687 to $448,482.
Want to learn more about
Giovanni? I've put together a very detailed data sheet
that will give you the facts you need to make an informed
decision on whether this condo hotel is right for
you. All we ask is that you provide your name, address
and phone number in accordance with the developer's
requirements.
Request
Giovanni Boutique Suites data sheet here.
Why
You Want to Act Quickly
Giovanni is expected
to sell out in under eight weeks. I don't believe
this is being overly optimistic.
If you recall, just a
couple of months ago, I told you about The Bridge
in Dubai Sports City, another large, contemporary-designed,
condo hotel tower. It is already sold out.
So if Giovanni Boutique
Suites and its Italian design appeals to you, and
you want a condo hotel unit (ahem, I mean a "boutique
suite"), at first-release pricing, you will want to
move quickly.
Upcoming
Condo Hotel Symposium for Developers
As always, thank
you for your interest in the properties we showcase
at Condo Hotel Center.
If you're a developer,
I encourage you to consider attending our upcoming
Condo
Hotel Symposium in Las Vegas. And if
you're considering buying a condo hotel, be sure to
keep an eye on our New
Listings, as we're always adding new
condo hotel properties.
Have a great day!
Joel Greene
Licensed Real Estate Broker
Condo Hotel Center
13499 Biscayne Blvd., Suite #210
N. Miami, FL 33181
Ph: (954) 450-1929
Joel@CondoHotelCenter.com
www.CondoHotelCenter.com
www.CondoHotelsDubai.com
www.CondoHotelsBahamas.com
Want to know more about me? Click below:
http://www.zoominfo.com/Search/PersonDetail.aspx?PersonID=33519156
* Copyright infringement
is taken seriously by Condo Hotel Center and will
be prosecuted.
© Copyright 2007 Condo Hotel Center.
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