KM Properties, the real estate development arm of KM Holding, one of the fastest growing companies in the Gulf, is preparing for a hectic exhibition schedule this autumn as the Dubai-based developer aims to take its portfolio of properties global.

First up is participation at Cityscape Dubai in mid October, before the sales team packs its bags and heads to the Moscow Extravaganza luxury expo in October 25-27, and then on to Mumbai in November to take part in Cityscape India.

“Such exhibitions are an integral part of our marketing mix and are important for promoting our properties to the international market, especially now while such markets are ripe with investor confidence,” said Sanjeet Joher, group chief operating officer, KM Holding, parent company of KM Properties.

However, while Joher admits that such exhibitions are good for business, he also sees KM Properties as a Dubai ambassador when exhibiting overseas.

“Like the Dubai Department of Tourism and Commerce Marketing (DTCM), KM Properties and other property developers are effective destination marketers as they promote Dubai and the UAE to the larger market when participating at international fairs,” Joher said.

“International property exhibitions not only boost Dubai’s tourism attraction but also fuel its economic growth via investments,” he added.

Cityscape Dubai takes place from 16-18 October at the Dubai International Exhibition Centre. KM Properties will promote its full portfolio of properties, including commercial, residential and hotel developments.

Moscow Extravaganza 2007 will be held October 25-27, and is the fifth in a series of annual luxury showcases to be held in Moscow. The show will see KM Properties exhibit alongside a number of luxury brands, including yachts, private jets, cars, art and jewellery, in what promises to be a very prestigious event.

The Dubai-based realty firm will then make its first business foray into India when it participates at Cityscape India, the property exhibition taking place at the Bombay Exhibition Centre, Mumbai, on 19 - 21 November 2007.

KM Properties is considering entry into the Indian market, with a view to developing commercial, residential and hotel properties in the sub-continent country.

“KM Properties is taking a lot of interest in India. We see potential in commercial, residential and hotel properties. The economy there is very strong and the purchasing power of India’s nationals has grown by leaps and bounds in recent years. To us, this looks like a very strong market and we are seriously considering entry,” confirmed Joher.

 

It’s official!, KM Properties, a Dubai based company and the real estate development arm of KM Holding, became the first developer to register for the new Land Department, now licensed to develop and sell real estate, in adherence of the new Law 8 concerning real estate purchases and Escrow account deposits.

In an exclusive conversation with Mr. Omar Bushahab, the Director of Evaluation and Study of Dubai Land Development (DLD) commented “KM Properties was one of the first companies to respond instantaneously to the new law and immediately applied for registration to get licensed as a developer under the new rule. It straight away started to modify its situation in the Land Department by adding a new activity to exercise which is the activity of real estate development. And this activity was only issued a couple of months ago.”

Looking after the Evaluation and Study department of this government agency, Mr. Bushahab further commented, “the new property Law 8 is increasing the confidence for investors outside and inside of Dubai. I am confident the size of investments will definitely increase given the assurances presented in the new rule.”

Law No 8 states that all real estate developers are required to obtain a license from the Dubai Land Department to carry on property development business in the emirate.

Asked on the impact the new property law has resulted in the market, Director Bushahab was quick to say, “the Dubai property market is very healthy. There was a great response received from main and sub-developers. We also received thousands of questions about the new law from banks, legal offices, financial audit firms and real estate companies. That only shows this is a very healthy market. We also noted lots of inquiries coming from developers on getting licensed by our department.”

He added, “Being one of the respected companies operating in Dubai, we have high confidence in KM Properties since they made the first correct step by complying with the new rule.”  

Acting quickly upon the announcement of the new property law, the Dubai-based developer KM Properties has welcomed the passing of Law No 8 by the Government of Dubai Land Department, stating that the new legislation will bring about greater transparency in the emirate’s real estate sector.

“KM Properties looks forward to working in tandem with the Land Department who will ensure on behalf of our customers that their investments are in good hands. This law allows for greater transparency in the real estate sector,” said Sanjeet Joher, Group Chief Operating Officer of KM Holding, the parent company of KM Properties.

In meeting its requirement as a licensed developer under Dubai Land Department, Sanjeet Joher stated, “KM Properties will further promote hassle-free investment opportunities to local and foreign based investors following the new investment protection scheme supported by the Land Department. We are a responsible Developer in the market and we shall always work towards the welfare of our stakeholders while following the regulations set forth by the government of Dubai”.

Noting the overall impact the new property regulations has resulted to, Bushahab mentioned, “Interestingly, we have received interesting proposals from banks overseas after the issuance of the new law saying they wanted to come to Dubai and offer the opening of escrow accounts for real estate developers. Additionally, the international investors are becoming so confident in the real estate in Dubai because the new law is offering a genuine guarantee for the projects they are investing.”
 

“Such legislation is needed to protect both the consumer and legitimate developers, such as KM Properties, who are working to make Dubai a place where people from around the world would want to come and live and invest. Such a move can only help the real estate industry, and will have a positive impact on the overall economy of Dubai,” concludes Joher.

 

As KM Properties’ latest high rise structure rises from the ground the Dubai-based property developer is fast gaining a reputation for its iconic structures and innovative designs.

Tamani Hotel at Park Lane, Business Bay promises to bring another stylish addition to Dubai’s skyline.

Designed by world-renowned architect Carols Ott, the aerodynamic glass and steel skyscraper features 33 storeys of commercial, recreational and hotel facilities and will use artistic lighting, which will make it look spectacular and different - by day and night.

Carlos Ott brings to the project over twenty years of experience in design and construction projects, architecture and urban planning. No stranger to the UAE, Ott was responsible for designing the National Bank of Dubai, National Bank of Abu Dhabi headquarters, and the Etisalat telecommunications and administration building in Abu Dhabi.

“KM Properties is a market leader in realty property development and brings truly unique architectural designs and well thought out modern spaces to the market by partnering with world-class designers such as Carlos Ott,” said Sanjeet Joher, group chief operating officer, KM Holding.

“KM Properties’ iconic buildings are made more attractive by offering the best in location, lifestyle and price, making them an attractive option for those thinking to invest in property in Dubai for the long term.” Joher added.

Tamani Hotel at Park Lane is located at the heart of Business Bay – one of Dubai’s newest city-within-a-city developments, running from the city’s arterial highway, Sheikh Zayed Road, alongside the new creek from Ras Al Khor.

Business Bay is also the location of KM Properties’ B2B Tower, a striking blue-grey high-rise offering a unique fusion of contemporary glass and chrome materials. B2B Tower is also designed by Ott.

“The tower is strategically designed to accentuate the view of Business Bay Creek on the South side and the Burj Dubai super-high rise tower on the North. An extensive podium design, with retail spaces featuring luxury designer brands, will serve as the first point of approach,” Joher explained.

The 20-storey tower will offer the most enticing array of amenities, recreation and leisure facilities. Like Tamani Hotel at Park Lane, B2B Tower will also make use of a high-performance intelligent lighting system to ensure that this iconic structure is seen at its best, both day and night.

Construction of both Tamani Hotel at Park Lane and B2B Tower will be carried out by Al Rostamani Pegel LLC, a member of the Al Rostamani Group of Companies, in partnership with the Berlin-based firm, Gustav Pegel & Sohn.

KM Properties, the real estate arm of KM Holding, has launched a unique value-add to all residential and commercial owners of its properties, with a five-star facilities management service.

TAMANI Exclusive facilities management services will be provided to all residential and commercial buildings from KM Properties. TAMANI Exclusive is also offering its services to other property developers and owners requiring facilities management.

This value addition for tenants and owners includes valet parking, room service, housekeeping as per requirements, daily garbage removal, restaurant, reception, and concierge, all for a nominal fee that is already built into the maintenance fee for the building.

TAMANI Exclusive is an extension of TAMANI Hotels and Resorts, the new deluxe hotel chain from KM Holding.

“Other facilities management systems are not linked to a hotel service; whereas TAMANI Exclusive is linked to TAMANI Hotels and Resorts. This enables us to provide a hospitality touch, and consistency of service not seen elsewhere. All staff are trained by TAMANI Hotels and Resorts, and will offer the same exacting level of service. We are adding value to the owner; they are buying a lifestyle,” said Sanjeet Joher, group chief operating officer, KM Holding.

“TAMANI Exclusive is a new brand specifically created and developed to assist developers in providing a level of unsurpassed services and facilities. Services are tailor-made based on the physical aspect of the property and the facilities available / location and business segmentation,” added Joher.

The first property to offer the TAMANI Exclusive facilities management service will be KM Properties’ El Matador Tower, currently under development at Jumeirah Village.

The 43-storey TAMANI Exclusive at El Matador Tower offers Spanish-style living in modern studios, apartments and loft-style condos at the master-planned Jumeirah Village development, in the heart of New Dubai.

“At El Matador, TAMANI Exclusive promises to deliver superb service with five-star personalised hotel facility features offered to residents and tenants marked by meticulous attention to detail and a strong focus on quality service. An example of TAMANI Exclusive includes concierge and efficient housekeeping, baby sitting and butler services, room service, 24 hours secured security, fully equipped business centre, clinics and pharmacy and spacious retail spaces within the tower,” Joher explained.

In addition to its facilities management services, KM Holding is also introducing TAMANI Luxury, a high-end property maintenance service specifically tailored to the needs of those living in expansive villas or palaces.

TAMANI Luxury will offer butler service, housekeeping, chefs, chauffeurs and outside catering facilities for in-house entertainment. As with TAMANI Exclusive, all TAMANI Luxury staff will be trained by TAMANI Hotels and Resorts, and will present a very personalised, five-star level of service.

“This is a very high-end service and is currently being marketed to diplomats, local dignitaries and royalty,” Joher explained.

Construction is underway for Park Lane Tower, one of Dubai’s first mixed-use commercial-residential-retail buildings, located in Business Bay. Park Lane was sold out soon after its official launch. Sanjeet Joher, Chief Operating Officer of KM Holding was thrilled with the rapid response, stating: “We are delighted with the success of this project, as we were able to achieve the maximum within a short period of time. The success of the 340 units Park Lane Tower is certainly a testimony to our commitment towards offering world-class properties in the region”. “We would like to thank our investors for showing such confidence in us. We are convinced that their confidence will be rewarded.” The state-of-the-art tower comprises 29 floors spread over commercial office space, residential apartments and retail units. It is thought to be the first three-way, mixed-use configuration in one building launched in the region. Designed by leading international architectural designer Carlos Ott, Park Lane Tower is destined to be a landmark building due to its aerodynamic form and artistic lighting, which will make it look spectacular and different – by day and night. Ultra modern facilities have been planned with tenants’ business requirements in mind. These include a Voice and Data System, high-speed internet connectivity, Closed Circuit TV System (CCTV), Public Address/ Background Music System (PA/BGM), Access Control System for data exchange, and many others. The structure is composed of a podium level of two retail floors with residential floors to the bottom of the structure, with office floors above. Ample parking is also available. Scheduled for occupancy in late 2008, Park Lane Tower is located at the heart of Business Bay – Dubai’s newest city-within-a-city development, running from the city’s arterial highway, Sheikh Zayed Road, alongside the new creek from Ras Al Khor. Business Bay aims to consolidate Dubai’s position as the region's business capital and will be similar to New York's Manhattan and Tokyo's Ginza business centres. Park Lane Tower’s construction is being carried out by Al Rostamani Pegel LLC, a member of the Al Rostamani Group, which was created in partnership with the Berlin-based firm Gustav Pegel & Sohn.