رئيس المشروعات في مجموعة وصل للعقارات الإماراتية لـ CNBC عربية: برج الوصل الأيقونة المعمارية في دبي بقيمة انشائية 2 مليار درهم
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00:00 The tower is one of the most modern architecture in Dubai.
00:03 The tower consists of 64 floors.
00:05 The tower is designed technically and engineeringly to be more sustainable in the Middle East and the area we are in.
00:15 The tower provides the most solutions and sustainability in the construction sector.
00:22 Today we have introduced a ceramic fence on the tower to change the wind direction to cool the tower.
00:38 This helps to reduce the carbon emissions coming from cooling the inner tower.
00:44 Today we are introducing one of the highest brand in the world, Mandarine Oriented, to the Dubai Emirate.
00:55 This is the second hotel in Dubai.
00:59 The first hotel was built through a delivery, which is a resort.
01:02 This is a city hotel.
01:03 We are introducing a new product to Dubai's residential profile, which is a service apartment.
01:14 Today the tower is being completed and the new architecture will be opened in the third quarter of 2024.
01:25 The tower will be fully operational.
01:30 How much will the cost of the tower be?
01:34 The company has invested 2 billion dirhams in the construction of this tower.
01:41 This is the total cost of the project.
01:45 Will the cost be paid by the company's cash flow or will there be some facilities?
01:51 All the cash flows will be paid by the company's cash flow.
01:58 The sales of the tower were paid by cash.
02:02 We have reached the sales of the entire project.
02:07 We have also offered the project to be rented.
02:10 The project was completed in the coming year.
02:16 We have reached the current level of sales.
02:18 Is there only a valuation or is there a percentage of success?
02:21 The current success rate is 80%.
02:28 This project will not be offered to any seller.
02:31 The project will consist of three components.
02:35 Offices, which are the offices.
02:40 A five-star hotel, which is a mandarin-oriented hotel.
02:43 And we will have a residential apartment, which will be offered for rent.
02:47 Either a long or a short rent.
02:50 But the idea of selling this project is not.
02:52 Because this is one of the most iconic projects in Dubai.
02:56 The project was launched by Sheikh Mohammed Bin Rashid.
03:02 The vision that was present in 2014 is now in reality.
03:07 It will be implemented according to the vision of the Sheikh.
03:09 How can the expected returns from this project be achieved?
03:12 Since there are three different components in this project.
03:16 The returns will be higher than the usual return of the tower.
03:18 I cannot say for now.
03:20 Because the market is fluctuating.
03:23 But in the Dubai Real Estate Association,
03:26 According to the system and the feasibility of the tower,
03:30 The returns will be according to the expected returns.
03:33 And we expect that the tower will grow.
03:36 The expansion outside the Dubai Emirate is currently being studied.
03:40 The sector is witnessing positive movements in different sectors.
03:44 The real estate sector is currently focused on the Dubai market.
03:50 We as a company target the social sectors in general.
03:55 We always focus on the domestic markets within the Emirate.
03:59 The focus is being focused on.
04:01 Unless there are guidelines from the Rashid leadership for expansion outside Dubai.
04:06 Of course, the company can expand.
04:08 But today we are focused on Dubai.
04:10 What is the total investment of the company in the first ten months of this year?
04:15 The investment is currently more than one billion dirhams.
04:19 The investment is in the real estate sector.
04:22 In the projects that are currently being developed.
04:24 And of course, the ambition is to grow more and more.