AAA announces the pre launch of the $200m Eclipse Tower in Jumeirah Village

Positioned as a very high end property development, this commercial tower is located at a prime location right of the Al Khail road entrance into Jumeirah Village. It will have a gross built up area of 350,000 sq Feet with a judicious mix of retail space of 55,000 sq feet.

The Eclipse Tower will incorporate the concept of a 9 hole SKY GOLF Course as an integrated part of the high rise development. Commenting on this revolutionary concept, Mr. Yousef Yaqoub, General Manager AAA said, "This is a record of sorts as Dubai, has never experienced a Sky Golf Course. Located on the podium of the building, 4 levels above the ground, the course will feature bunkers, water hazards, as well as a pioneering water management system which maintains the golf course with minimal wastage of water."

"Most towers have facilities like gym and sauna which in reality are never used. The golf course will enable the residents of the building to conduct business while playing golf as well having informal business lunches while walking the greens". He added

For the first time in Dubai, AAA offers its investors, the chance to move into a fully furnished office, the moment they purchase an office at the Eclipse Tower. Commenting on this pioneering concept in real estate development and sales, Mr. Yousef said," Most businesses have to wait for more than two to three years for hand over of the keys to their office. We aim to introduce a paradigm shift in the real estate industry, by offering our investors the chance to move into new "fully furnished" offices ...immediately."

Every investor will get 3 years use of a fully furnished office at the "ready- to- move- in" Galleries Towers at Jebel Ali Downtown, owned and managed by Limitless, along with a trade license and an investor visa for every office. Additional corporate services like Secretarial support and Business Center Services like Call forwarding, P.O. Box facility, Reception & Security will enable entrepreneurs and businessmen to commence their operations without any delay.

"All of these services come absolutely free without any PRO or Sponsorship charges. More so the investor can also avail of optional rental income from the facility. Basically, an investment into the Eclipse Towers starts paying for itself almost immediately". Mr. Yousef added.

All these advantages will be in the same level of the current market prices in comparison with the similar projects. This means that the square foot price will not be increased for the investor.

"We have adopted this marketing approach by reducing and channeling the costs of ads, events and events that are usually added by the developers to the general costs of the project. By this way, doors have become open for the companies to come and work in Dubai. It has become easy for them to find offices, mainly in Jebel Ali Free Zone, and practice their activities there".

Furthermore, this approach has provided the office units directly the investors of end users without going through the chains of brokers, or speculators and investors who significantly contribute in increasing the prices to get quick returns", he added.

Commenting on the sales plan, the Sales Manager, added, "The value added features of the building like the Sky Golf Course and the price point at which it has been launched, combined with the "Buy Now and Move in NOW" offer will generate tremendous demand for this property from local and international retail investors who don't want to wait for several years to launch their business."

"The sales of this tower will be launched within the next couple of months. We expect 50% of the building to be sold out in the pre-launch phase. The pre-launch prices are expected to rise by 15% on launch." He added.

Construction on this exclusive development will start by end of September 2008 and is projected to be handed over by end of 2010.

This project has been approved by the Land Department as well as the Real Estate Regulatory Authority (RERA) and the developers have set up an escrow account facility with the Emirates Islamic Bank.

Web Real Estate, The real estate brokerage arm of the AAA Group, has been chosen as the exclusive marketing partner for this prestigious development.