Dubai Pearl is a world class, mixed-use, 20 million sq ft integrated development being implemented by Pearl Dubai FZ LLC. Overlooking the Palm Jumeirah in the heart of the Dubai Technology and Media Free Zone, the development sets a new benchmark for sustainable urban communities in Dubai. In creating of a 24 hour living, walkable community where people can work, play and live in one destination, Dubai Pearl will redefine the pulse of the city, providing premium offices, international retail and the highest quality dining and entertainment facilities.

Dubai Pearl’s prime location will offer an unparalleled combination of free-hold in the convenience of a free zone with luxury, energy efficient sustainability and state-of-the-art technology. The development will ultimately provide a home for 9,000 people, and a workplace for 12,000 and is expected to be completed in 2013.

Hotel:            16 % of the total GFA (Gross Floor Area)
Residential: 40% of the total GFA
Office:            34% of the total GFA
Retail:            8% of the total GFA 
Leisure:         3 % of the total GFA
Open Space: 56% of the Podium Area

Residential:                 1440
Branded residential:  827
Services apartments: 583
Retail:                            Under design
Office:                            1449
Hotel rooms:                7 Branded 5-star Hotels (1,500 keys)

(1 sq m = 10.76 sq ft)

Gross Floor Area (GFA) :       10 million sq ft - (Actual 9,647,721 sq ft)
Total built-up area:                  approx. 20 million sq ft (Actual 20,199,130 sq ft incl. podium)
5-level podium structure:       8.4 million sq ft (Actual 8,408,000 sq ft)
Parking:                                     15,500 parking spaces in a 5 level podium (exactly 15,515)
Total foot print:                         approx. 1,100,000 sq ft (1,109,572 sq ft)
Circular site footprint:             approx. 1.8 million sq ft (exactly 1,753,984 sq ft)        
Total Retail GLA :                    approx. 580,000 sq ft (exactly 581,582 sq ft)           
Total open space:                    35% (Open space is the same as Landscaping Area)
Landscaping:                            35% of the project area
No of entrances:                       5
No of theatre seats:                 1200 seat luxury Royal Theatre, 350 & 250 seats
Floor to MEP services level in the basement (B2,B1,P2,P3,P4 /2.4m, P1/ 4.3m) MEP - Mechanical Electrical & Plumbing engineering services

Level of the ring road:             12.13m DMB (Dubai Municipality Benchmark)

• Five access entrances to the podium level
• Indoor parking space equipped with remote control access
• Indoor visitor parking
• 5 floors multi-storey parking
• Valet parking service
• Assigned parking space for offices and residential units

• Only property in the world to have a cluster of so many brands (Baccarat, Bellagio, MGM, Quintessentially) within a single location of approx 1.9 mil sq ft
• Strategic location within a mature free zone overlooking the Palm Jumeirah. 
• Integrated development that offers a combination of work, play, stay and live features.
• Government recognition (evidence by several road directions put across the city by RTA).
• The Project is an integrated pedestrian community in itself. Over half of the total area of the site will be open space, with significant landscaping.
• One of the only projects to provide bespoke units (individual customized apartments/lofts).  
• Interconnectivity – built-in smart technology throughout the development.
• LEED Gold pre-certification: UUtilizing Green technology to conserve energy, recycle waste, and reuse assets wherever possible thereby allowing Dubai Pearl to achieve the LEED Gold certification.

Permanent Residents:    approx.   9,000
Office employees:             approx. 12,000

Dubai Pearl has already forged partnerships with some of the biggest names:

In Finance, the Dubai International Financial Center and luxury brands Baccarat for the Baccarat Hotels and Residences, MGM Mirage for 250-room Bellagio hotel, 350-room MGM Grand hotel, and 30-suite Skylofts hotel.

In the future, Dubai Pearl will announce partnerships with other leading international luxury brands; some of them will be entering the real estate segment for the first time in the Middle East and the world. These brands will range from fashion, sports, culture and entertainment.

The rationale and choice of brands associated with Dubai Pearl development is to create long-term value for the development’s stakeholders and its components by positioning the brand in a way to obtain the highest possible ROI.

Maintenance fees will be announced 12 months before occupancy in a form of an audited document in line with Strata law rules & regulations. They will not be above market levels and will be subsidized by various commercial income streams that will be generated in the common areas by the development.

Abdul Majeed Ismail Al Fahim is the Chairman of the Board; the President and CEO is Santhosh Joseph, a veteran investor with an in-depth knowledge of the region’s real estate sector. The financial and business acumen of the remaining directors on the board makes the company a repository of innovation.

Pearl Dubai FZ LLC is owned by a consortium of investors led by Al Fahim Group.
 

Abdul Majeed Ismail Al Fahim - Chairman
Amer Al Fahim - Board member
Santhosh Joseph - Board member, President & CEO
Rashid Al Fahim - Board member

Please see the Management Team section of our website. The people behind the project are industry veterans and are considered among the best experts in their fields.

The old plot was being developed by a group of investors who were not progressing with the development. TECOM as the master developer has agreed to change of ownership to Pearl Dubai FZ LLC. Thereafter the development has been redesigned and new construction commenced. This is an entirely new project.

• 73-storey structure comprising 4 towers joined at the top
• Concrete :1 mil cubic meters
• Steel:
  • Reinforcement: 140,000 tons
  • Structural: 35,000 tons
• Manpower:12,000 at peak
• Glass:300,000 sq m
• Floor to Ceiling:
  • Offices 2.8 m
  • Residential: 3 m
  • Branded residences on the podium:
  • Living area: 3m
  • Bathrooms: 2.45m
  • Kitchen & lobbies: 2.45m
• Each tower dimensions: 28.5m x 90 m

• Distance btw towers:
  • Largest span: 110 m
  • Shorter span: 32 m
  • Distance btw. South & North Tower: 33 m
• Materials in main towers:       
  • Steel & concrete columns with glass façade.
  • Columns on frame and core for vertical risers and vertical transport.
  • The crown of the building is an 18 meter high steel structure.
  • Central core with one belt of columns at the edges, column-less within used space. Composite columns (steel and concrete) to optimize the column size.

Dubai Pearl is a three-phase project with delivery commencing in 2013.

Dubai Pearl is a three-phase project.
Phase 1 - Towers
Phase 2 - Parking
Phase 3 - Podium

On site infrastructure will be provided by Dubai Pearl. Off site will be the Dubai Electricity and Water Authority (DEWA), Empower, Roads & Transport Authority (RTA) and the UAE telecom operator DU.Air conditioning, chilled water and all electromechanical requirements will be handled by Meinhardt, the engineering services consultants.

As Dubai Pearl is located in a mature freezone, majority of utilities are already in place
Water supply and drainage system NOC’s for demand allocation are available.
Electrical substation NOC’s for load allocation are available.
District cooling load is under study to finalize & proceed with district cooling provider

There will be a fully integrated road system to give buildings a street address and frontage. The development will be connected to public transport by bus and taxi as well as Dubai Metro. All transport and road networks within the project are private but fall under RTA jurisdiction.

• Piling Works for all four towers completed
• Rafts for four towers completed
  • Tower 1 Raft Pour – 27th August 2009
  • Tower 3 Raft Pour – 10th September 2009
  • Tower 2 Raft Pour – 1st October 2009
  • Tower 4 Raft Pour – 12th November 2009Water proofing for rafts of all towers completed
• Casting of Columns in progress 
• Shoring and Installation of Panels around the site boundary 100% complete
• Tower Cranes installed and operational

Master feasibility study has already been carried out by KPMG. Additional feasibility studies are ongoing for individual elements of the development

Dubai Pearl is a US$ 6 billion development. Further financial information is not available as Pearl Dubai FZ LLC is a private company. 

The project is being financed by a combination of three sources

• shareholders’ funds
• pre-sales
• bank debt - not required at present

50%-70% during construction & 30%-50% on delivery based on the initial payment options chosen by the client.

Dubai Pearl provides attractive payment terms for end–users.Negotiations with mortgage providers are in progress.

The categorized list below provides an envisioned list of services that will be available clients of Dubai Pearl as per their requirements.

1.1 Personalized Services

• Concierge Services: Typical concierge duties include booking & servicing cars, event planning, picking up dry cleaning, relocation & travel arrangements, mail pickup, meal pickup, dinner reservations, concert/movie reservations, personal shopping, organizing events
• Valet Services: These services include: Child care, light housekeeping, plant care, interior decorating, maid service, securing the residence or office.
• Housekeeping: They involve one or more of the following activities: changing linen, cleaning fixtures & furniture, cleaning floors, commercial cleaning, gardening/landscaping service, swimming pool maintenance, emptying trash and recycling bin, cleaning carpets and other special surfaces, stripping and waxing floors, changing or replacing towels and toiletries, cleaning bathrooms, kitchens and pantries.
• Transportation: Services include charter of chauffeur-driven limousines, minibuses and euro-class level buses with passenger capacity from six to 50 passengers.

1.2 Managed Services

• MICE (meeting, incentives, conferences and exhibitions):  Corporate Meetings & Events, Product Launches, Training & Education Programs, Team Building Days etc.
• Digital Data Storage: A common repository of critical information across various data and media types delivering information on demand through a wide variety of access points.
• Corporate & Secretarial Services: Such services include but are not limited to desktop publishing, engaging business presentations, telemarketing, direct and digital marketing, mailing services, and any other general for-hire office services.
• Community Portal : The community portal can be used for a variety of purposes incl. online maintenance requests and be accessed anytime with the click of a mouse, from the comfort of a home or an office. Once an in-suite maintenance request is completed, the resident is immediately advised via e-mail and provided with an online survey which allows for instant feedback.

1.3 Industrial Services

• Facility Management: A full range of facilities management services will be on offer at Dubai Pearl.
• Building Management: Control of energy use - reducing the amount of energy consumed and paid for. It can include remote dial-in and technical assistance from our partners.
• Logistics: The prime objective is to provide a guaranteed logistics and delivery. In order to achieve this, we will employ well-maintained trucks and tractor-trailers, backed by around-the-clock roadside assistance fitted with GPS to precisely track shipments at any given moment.  This is in addition to storage facilities which will be temperature and light controlled to ensure the right conditions for all types of material.
• Storage: We provide own private space that can be accessed as often as required during the access hours (or by prior arrangement). All facilities are insured, fire proofed and temperature controlled.
• Asset Tracking: The Asset tracking service lets you view your asset's locations, use 2-way SMS, configure alarms to monitor your assets, add users to your account. In addition you get in motion updates and alerts, ideal for tracking vehicles, containers trailers or any item that accepts a tracking device with daily location updates.
• Water, Electricity, Gas, Waste Disposal Services: Range of services from energy purchasing at the lowest possible price, tariff analysis, selection and load management to analysing water bills and recovering past water/ sewerage overcharges, monitoring consumption and implementing resource savings measures.
• Security & Access Control: Our security services guarantee the highest levels of security arrangements. These include reception duties, document management, trained first aiders, pass issuers, car park and CCTV monitoring and patrolling of the entire perimeter.
• Health, Safety, & Emergency: The emergency response team is directly linked to an emergency command center.  Direct links are available with state security and civil defense to monitor and manage all types of emergency situations.

The project will be serviced by one main Sports Centre and a Holistic & Wellness centre; in addition, smaller scale gyms will be available in most towers and hotels

• Smart Homes - Dubai Pearl will offer a variety of Smart home services. The goal of these automated systems is to simplify and enrich residents’ lives, and increase interaction within the communities providing value added services like local dining, entertainment bookings while giving peace of mind via quick emergency response from civil defense & hospitals.

• Offices - The office spaces in Dubai Pearl will have access to many value-added features. For example, remote office functionality will provide access to all files virtually anywhere in the world. Companies can have global control over their office wherever and whenever they want with 24/7 remote monitoring of the facilities.Dubai Pearl working environment will strive to meet client’s business needs and increase productivity featuring ‘plug and play’ convenience, virtual private offices and designer interiors supported by cutting edge technology & complete bespoke management services.

• Intelligent Hotels - The flagship hotels within Dubai Pearl development will be part of an integrated system allowing for the best hospitality experience through simple easy-to-use technology that seems invisible and non intrusive to the guest. Whether it is in-room dining or booking the next big event, every hospitality service will be made available at the fingertips of the guest.

• Infotainment - Infotainment in the project will provide both “information” and “entertainment” for a variety of uses through various content delivery platforms. Residents will be able to access customer portals via different endpoint devices. Examples are, Free and Pay based TV services, Mood Music, Video/Audio on Demand, 24/7 Internet News access, etc. In public areas, visitors will have ample sources for news and entertainment from public kiosks and digital information panels throughout the project.

• Asset Tracking - Asset Tracking systems will manage availability and serviceability of assets (AC, lighting systems, elevators, cars, infrastructure components, etc) used to move, store, secure, protect and control inventory within the enterprise. The sophisticated mobile asset management system will automatically capture data on each individual asset and can indicate the contents without ever having to physically see the unit.

• DiOCENT -DiOCENT (Digitally Integrated Operations Centre) shall be the core centralized command and control centre of the Pearl development. DiOCENT will consist of multiple control room locations, multi user access of the system by Pearl administration as well as Pearl customers. Each user accessing DiOCENT will be given different levels of authority. DiOCENT shall also include state of the art encryption algorithms in order to protect the integrity of the system from external threats like hackers etc.

• IP Infrastructure - The SterenSYS will be control the infrastructure through an open architecture Internet Protocol (IP) backbone network. This will ensure future-proofing for the proposed integrated solution that will allow almost any kind of backend and frontend systems to communicate with one and other.

• Network Operations Center (NOC) - The NOC is responsible for monitoring the network for alarms or certain conditions that may require special attention to avoid impact on the networks performance (power failures, communication line alarms, etc)

• Digital Wayfinding & Signage - Fully interactive digital wayfinding is being developed for the entire Dubai Pearl precinct.

Unbranded apartments - Towers:

• Choice between marble or parquet flooring
• Tile flooring in the kitchen
• Fully fitted branded kitchen appliances/ two built-in ovens/ dishwasher / microwave/ fridge
• Higher-end apartments will also feature a beverage fridge
• Feature Wall in all apartments
• Floor to ceiling windows
• Soundproof/noise proof windows
• Built-in cupboards
• Ventilation systems for kitchen and bathrooms
• Branded marble or high-end ceramics in the bathroom
• Built-in water sprinklers for fire
• Integrated sound system
• Top of the line technology (office and home space) in all communication and control equipments, in addition to high-end home automated systems.

• The Dubai Pearl masterplan has been designed to ensure energy efficiency therefore allowing the scheme to achieve the LEED Gold certification
• Dubai Pearl will incorporate sustainable development features and ‘green’ building standards including recycling facilities for paper, glass and food waste
• As per the  LEED rating system 2.08,  Core and Shell will be implemented to reduce electricity and water usage throughout the project.  Improved utilization of light control, air conditioning and car park ventilation will all contribute to a ‘green’ friendly environment for the Dubai Pearl community
• In addition to being a completely walkable development, Dubai Pearl will include shaded landscaped areas. Landscaping accounts for 35% of the project area
• To reduce Heat Island Effect, major part of the prioject on site parking areas are located under cover
• An environmental impact study has been conducted by Dome International

Gold LEED Certification for the Towers, pre-certification has been received.

Dubai Pearl will incorporate sustainable development features and ‘green’ building standards, including recycling facilities for paper, glass, and food waste.Solar power will also be used in the project for domestic hot water purpose and motion sensors will be installed in common areas for lighting control.

The buildings will be treated to reduce sound and will be insulated accordingly. A consultant has been appointed to do this task.

Yes, three traffic impact assessments have been carried out, based on which Dubai Pearl development has been designed.

Dubai Pearl will incorporate sustainable development features and ‘green’ building standards, including recycling facilities for paper, glass, and food waste. Dubai Pearl will also feature an automated waste collection system, which will segregate the biodegradable waste and  recyclable waste  making a more efficient waste collection within the site.

Yes, by Dome International

Dubai’s property laws allow GCC nationals (including GCC owned companies) to own property anywhere in Dubai and for non-GCC nationals (including non-GCC owned companies) to own property on either a freehold or leasehold basis (up to 99 years)  in certain designated areas in Dubai, subject to the Ruler’s permission.  The Ruler’s permission for non-GCC nationals (including non GCC owned companies) to own property in the TECOM area (in which the Dubai Pearl is located) was granted by virtue of Law No 3 of 2006 which sets out a list of 23 designated areas by reference to plot numbers and plans.  
 
Up until very recently, the  Dubai Land Department has been issuing titles for properties in  designated  areas in the names of foreign individuals, foreign offshore companies (such as BVI, Cayman etc), foreign companies generally, and UAE "offshore" companies (such as Jebel Ali offshore companies, and Ras Al Khaimah offshore companies) owned by non-GCC nationals. On 31 January 2010 the Director General of the  Dubai Land Department issued an administrative circular placing a suspension on the registration of title to properties in the name of foreign companies while the procedures and fees payable for foreign company registrations are reviewed by the Land Department and regulation issued.
 
We have been verbally informed by a senior employee of the Land Department that a draft set of regulations has been sent to the Ruler's office for approval and that while these regulations are being considered by the Ruler's office, the Land Department is considering property registrations in the name of foreign companies on a case by case basis.  We were told that generally, it is allowing registrations to take place in accordance with the recommendations set out in the draft regulations sent to the Ruler's office.  We believe that the recommendations are:
 
(a)       No registrations allowed in the name of international offshore companies (i.e British Virgin Islands or Isle of Man).  It appears that an exception will be made if such a company establishes a branch office within the Jebel Ali Freezone, a local Dubai freezone area
(b)          Companies established onshore in foreign countries may register property at the Land Department, provided they have a representative available in Dubai (which may need to be by way of establishment of a branch).
(c)          Any freezone or offshore company with foreign shareholdings established in a UAE freezone may continue to register property in Designated Areas.
 
Please note that this information was provided verbally and has not been confirmed in writing.  It is unlikely that the Land Department will issue written confirmation until the regulations are published. The regulations are expected imminently although we do not have a fixed date

It is currently not possible for residential buyers to obtain residence visas.  Buyers of offices will get a business license that will allow them to issue employment visas to staff.

Dubai Law No 27 of 2007, the “Strata Law” (sometimes referred to as the Jointly Owned Property Law) came into force in April 2007.  The Strata Law applies to all buildings or parts of buildings in which there is multiple ownership and contains mechanisms regarding the ownership, management and maintenance of “common areas” within those buildings.  The Strata Law’s associated regulations that are necessary to give effect to the implementation of the Strata Law have yet to be issued by the Dubai Land Department but are expected in the very near future.  The strata title structure adopted for the Dubai Pearl development will be adapted to ensure it is compliant with any regulations issued.

Please refer to the following articles:

http://www.clydeco.com/knowledge/articles/dubai-real-estate-update-strata-law-the-transitional-period.cfm

http://www.clydeco.com/knowledge/articles/dubai-strata-title-a-new-world-for-developers-and-consumers.cfm

The terms are set out in the Sale and Purchase Agreement according to the type of property purchased and as stipulated by the  prevailing laws of Dubai and any guidelines and regulations issued by the Dubai Land Department from time to time.

Cancellations are handled on a case  by case basis and as constituted under the terms of Law no 13 of 2008 as amended by Law No 9 of 2009 and Executive Council Decree No 6 of 2010.

The Buyer shall give written notice to Dubai Pearl of its intention to assign, sale, dispose or transfer and shall simultaneously offer such assignment or other disposal to the Seller on the same terms (the “Offer”). The Offer is to constitute an irrevocable offer by the Buyer to the Dubai Pearl, which is to remain open for acceptance for a period set by the Sales & Purchase Agreement. For the avoidance of doubt, this shall not create an obligation on Dubai Pearl to accept the Offer. If Dubai Pearl accepts the Offer, the Buyer shall take all action and sign all documents necessary to effect the disposition. If Dubai Pearl does not accept the Offer, the Buyer shall be free during a period set in the Sales & Purchase agreement from the date of the refusal to pursue a resale or assignment provided that the terms and purchase price of the resale or assignment are no more favourable than those contained in the Offer. If during a set period in the Sales & Purchase Agreement the Buyer wishes to resale or assign on terms more favourable than the Offer, the Buyer must make a further offer to Dubai Pearl on such terms. After the said period, the previous provisions shall re-apply in respect of any proposed disposal.

Badr Al Islami (Mashreq Bank)
Escrow account No.4498000113
Registration: 2007/219

For a summary of the Escrow Law please refer to the following site:

http://www.clydeco.com/knowledge/articles/escrow-law-dubais-new-regulations-for-the-sale-of-off-plan-units.cfm