discuss Beyond Dubai: Reem Island, Abu Dhabi. Don't Miss Out!

[$$Domainer]

I am going to tell you about a gigantic project going on in Abu Dhabi called Reem Island. This project is so huge 3 of the largest developers in the UAE(Tamouh, Sorouh, and Reem Investments) are building it. It is even bigger than The Pearl Qatar project that appeared in this forum last June.

- Reem Island is a combined residential, commercial and business project being built on a natural island off the coast of Abu Dhabi City and will be directly connected to Abu Dhabi City by a number of bridges. The location of Reem Island is only 20 minutes from Abu Dhabi International Airport.

- Reem Island will accomodate and estimated 280,000 residents. Some estimates go as high as 350,000!!

- Reem Island will contain Numerous hotels, resorts, beaches, spas, shopping malls, restaurants, medical clinics, many, many businesses, a 27 hole golf course, etc., etc.

- Just one of the business projects on Reem Island is Addax Port. By itself Addax is a massive port project which will contain 5 huge towers: an office tower and 4 other residential towers. And this is just one "small" part of Reem Island.

- Of course there will be tons of luxury condos and homes and villas, etc. to accomodate the huge number of residents of Reem Island.

- Reem Island will eventually be the "center" of Abu Dhabi which is the Richest of all the Emirates. Even richer than Dubai.

- Do a google search to get lots more info on Reem Island and here are a few sites to get you started: ReemIsland.com, AddaxPort.com, ReemInvestments.com. There are many more.

- There are still many good names left. I picked up:

ReemIslandProperties.com

ReemProperties.com

...but there are still many more left. As a domainer if you miss out on Reem Island you will never forgive yourself. Good luck and I hope this post was of help to you.

 

[johntv]

I think its amazing that they are spending hundreds of billions and they don't even own Dubai.com - scary

A fellow NPer who actually lives in Dubai told me that the Dubai government offered $3,000,000 for it some years ago, but that was rejected, after that they went for dxb.com (short for Dubai), although no agreement was reached as well. They finally went for dubai.ae, which is now their website.

 

[ipodxpert]

check out the project of "Falcon City of Wonders."

http://www.falconcity.com/home.asp

Falconcity of Wonders (Falconcity) is a 4.4 million square feet (405,000 square meters) development being built within Dubailand.The USD1.5 billion (AED5.5 billion) project will be a multi-faceted residential, tourist, entertainment and recreational destination that will contain residential apartments, villas, shopping malls, hotels, restaurants, health clubs and spas, schools and parks.

As a tourist attraction, Falconcity is designed to capture the spirit of ancient civilizations and contain architectural marvels of the world. The development design is in the shape of a falcon and contains life-size replicas of seven wonders of the world - the Great Pyramid in Giza, the Hanging Gardens of Babylon, the Lighthouse at Alexandria, Taj Mahal, the Leaning Tower of Pisa, the Eiffel Tower, and the Town of Venice.

The Great Pyramid in Giza will contain residential flats, offices and retail outlets whereas the Babylonian Gardens will comprise luxury apartments, restaurants, and coffee shops with the garden overlooking the falcon commercial sector. The Light House of Alexandria will consist of hotels and retail outlets and the Taj Mahal will comprise hotels and restaurants. Luxury apartments and retail outlets will be the main features of the Eiffel Tower, while the Town of Venice is developed with a waterfront, open-air cafes, gondolas and pedestrian shopping; Dubai Tower of Pisa is another wonder monument that will add to the beauty of the Falcon City.

The residential villas (The Villas) will constitute the wings of the falcon and will come as detached, semi-detached, and townhouse villas where each owner will have the option to choose his/her design from four themes.

DubaiTowerofPisa.com
DubaiGreatWallofChina.com

are available for reg.

Good Luck

 

[gazzip]

In order UAE for the names to rise in value and gain interest by big players of UAE, what do you guys think is the realistic time period?
I'm thinking at least 4-5 years min (4-5 x renewal fee of low-mid xxx for me)
But I think it'll be worth it by then.
If license plate gets traded for hundreds of thousands to millions, imagine if you hold a premium type UAE name

Really hard one to answer, the Big players outside the UAE have already got the best ones like Dubai.com, DubaiNews.com, DubaiHotels.com, DubaiProperty.com, UAE.com etc and alot of them probably won't be for sale.

I doubt very many will ever go for millions to be honest - Dubai.com would and UAE.com maybe ???

I think development is the way to go if you can.

I'd easy sell em VisitUAE_c** for a helluva lot less if they want it ! :blink: if not it will be developed for sure.

.

It sure was fun watching today's Formula 1 race in Bahrain knowing I have BahrainAutoRace.com, BahrainAutoRacing.com, and BahrainMotorSports.com. Zoom!

Did you see any increase in traffic to them ?


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[wussadotcom]

Yeah but the construction company chose ReemIsland.com as their Website. So i guess Reem is more prevalent then Al.
Wonder what Al Reem means tho.

I got
[COM]
ReemSports
ReemResorts
ReemHolidays
ReemSpas

In Arabic, AL means the - so Al reem Island means
The Reem Island - Not sure what Reem means though :bingo: :ghost: :D

 

[Smith]

Interesting Day.

The Burj Dubai is not a 7* hotel, 4.5 maybe, nice lunch with great views though.

Here are some pics: http://www.zippered.com/Burj

 

[nicedomains]

*cough*

LOL - So they are thinking of the possibility of casinos in Dubai? Cool

I have UAE co [.] com (no dashes)
Any opinions on this?
I did post in appraisals but didn't get a reply, maybe this is a better thread?
Any feedback appreciated...

It's good. It has lots of potential but I think you should try to brand it yourself before selling.

 

[gilescoley]

Last week I spend almost $3,000 on 3 Middle East names and as there are not many reported sales, I like to ask for some honest opinion if I did the right thing.

ManamaHotels.com for $950
Manama.info for $400
Ajman.net for $1,600

Did I do okay, got them cheap or overpaid?

Nice domains John, I think Ajman is the best, thats place is booming at the moment and I think it will be a good investment, especially once the Ajman Marina is completed.

what are your plans for the domain. Developing it will be your best choice IMO

Good luck

 

[tetrapak]

Last week I spend almost $3,000 on 3 Middle East names and as there are not many reported sales, I like to ask for some honest opinion if I did the right thing.

ManamaHotels.com for $950
Manama.info for $400
Ajman.net for $1,600

Did I do okay, got them cheap or overpaid?

Excellent buys, thank you for sharing. Manama Hotels is a 5k+ name, it can be easily converted into a gold mine. I hope you are not going to park it, but if so, don't forget the meta tags, i'm sure it will make a few dollars.. Manama.info was also cheap, and you paid a correct price for Ajman in my opinion. Don't forget Manama is a highly developed capitol city with lots of projects planned.

 

[gazzip]

Can someone let me know if this is good or just normal considering the low search results

I would think it is good "for a parking page", Google likes keyword domains but does'nt usually like parking pages

Last week I spend almost $3,000 on 3 Middle East names and as there are not many reported sales, I like to ask for some honest opinion if I did the right thing.

ManamaHotels.com for $950
Manama.info for $400
Ajman.net for $1,600

Did I do okay, got them cheap or overpaid?

I think you got a great deal on all of them IMO, especially on Ajman.net


The only other big sale I have heard of in .net was Dubai.net for $18,000 in 2004, I'm not sure but I think he's wanting over 50K for it now, I think I saw it in an auction somewhere and the reserve was about that.

It gets regular traffic too and loads of offers

Visitors to this Sedo offer page: 252 (previous 31 days)
Visitors to this domain’s website: 2,960 (previous 31 days)

Previous offers for this domain: 70

It can still take 3 or 4 years once Middle East domains take off, but once it does it will go high and we might see something like "the first Middle East related names auction by Moniker"

Would'nt that be nice



.

 

[Smith]

http://www.picturehosting.com/images/philbert/2.jpg
http://www.picturehosting.com/images/philbert/3.jpg
http://www.picturehosting.com/images/philbert/4.jpg

 

[AbdulBasit.com]

Let me explain in detail and hopefully everything will be clear at your end

First of all we should know what exactly is Islamic Banking?

It is a banking system which provides banking services and products in line with the rules and principles of Shari’a and is conducted under direct supervision and audit of Shari’a scholars.

Now comes the difference between Interest / Riba?

Interest / Riba is rent of money or the time value of money. It is the additional amount charged by a creditor in lieu of the time that he gives to the borrower for repayment or delay in payment.

Following are the most commonly used modes of Islamic banking and finance:

* MURABAHA: It is a sale contract in which an individual/entity sells an asset at cost plus an agreed profit. The sale price could be paid on spot or deferred.
* IJARA: It is a leasing contract in which the owner of an asset or its usufruct sells the usufruct of the underlying asset to the lessee for an agreed rental.
* MUDHARABA is a form of partnership where one party provides the funds while the other provides management services against a pre-agreed share in the profit of the investment. However, if there is any loss, it is borne solely by the capital provider.
* MUSHARAKA is a partnership with all the parties contributing to the capital of the Musharaka on the basis of profit and loss sharing. The profit shall be shared as per the agreement but the loss will be borne pro rata.
* SALAM: It is a kind of sale in which payment is made on spot while the delivery of the goods is deferred.
* ISTISNA’: It refers to a sale in which the buyer orders the would-be manufacturer to produce and deliver a fully described commodity from raw materials of its own. It is basically an order to manufacture.

Is it permissible for an Islamic bank to impose penalty for late payment?

If Islamic banks do not impose any penalties on late payment the customers shall not pay in time and thus the Islamic banks will not be able to run their business efficiently and give a good return to the investors. Therefore, the Islamic banks have decided to take from each client an irrevocable undertaking that in case of late payment he shall be charged a penalty which shall be donated to a charity supervised by the Shari’a Board of the bank independently from the bank. The Islamic banks do not use these donations for their own benefit, but incorporate such provisions in their contracts to check potential default.

How do Islamic banks make profit?

The Islamic banks invest/utilize the funds received from the Account Holders/customers under Islamic modes of financing such as Ijara, Murabaha, Salam, Istisna and investment contracts such as Mudaraba, Musharaka, Wakala etc. to generate profit.

Do Islamic banks have credit cards?

Yes, Islamic banks offer interest free credit card facility for which the client pays a monthly fee irrespective of the way he uses the card during the period. The fee is in lieu of some real services that a credit card holder becomes entitled to. The fee neither increases nor decreases on the basis of the use, frequency of usage or non-use of the card by the customer.

Is there any difference between Interest and Usury?

No, both have the same meaning. Qur’an, Sunnah and Fiqh do not differentiate between the two. Islam terms what is known as interest or usury as Riba and therefore prohibits it.

How Islamic banking is different from conventional banking?

Islamic banking offers Riba free banking in line with Islamic Sharia rules. It neither gives nor takes loans on interest. It operates as a trading company which buys, sells and enters into different modes and contracts of investment such as Mudaraba, Musharaka etc.

What is the term used for profit in Islamic banking?

It’s called Ribh in Arabic and is translated as profit in English.

Does Islamic bank offer loans?

Islamic banks do not offer loans; they offer financing through Sharia compliant modes of investment and transactions.

These were the questions and answers I have given in detail which I feel were related to our discussion.

 

[gilescoley]

some nice Dubai pics and info here

http://www.edibek.com/2007/03/13/dubai/

 

[nicedomains]

Thanks for the POV Smith, you would know more since you are there. Why is it such a TERRIBLE place to do business?

 

[gazzip]

This means more aggressive online advertising and web expansion.. Could be a good thing for Abu Dhabi/Dubai domainer, developers and speculators.

Sooner or later they'll have to IMO...maybe it'll be sooner ??

Check this out from 2 days ago, although looking at their domain makes me wonder > submitconf.com


Dubai Internet City goes in search of web entrepreneurs

"Dubai Internet City has urged technology professionals to broaden the scope of discussion to include the development of innovative strategies for web-enabled businesses in order to further diversify the region’s knowledge-based economy towards new age demands – Internet business ventures."

"A l M a l e k said: “While Dubai already has a thriving reputation as a business-friendly environment, growth in specifically online and new media entrepreneurship will be one of the key focuses for 2009."

full article:

http://www.bi-me.com/main.php?id=34510&t=1&c=28&cg=2&mset=1031


.

 

[gazzip]

I've come across that guy way too often doing whois searches... Some more gems he owns (or owned at least at the time of my post): http://www.namepros.com/3075620-post10.html

Yeah me too, he owns a shed load of em, here's a few more, just hover over them and look at the domains in the bottom of your browser.

http://cgi.wn.com/wnlinks/index.html


.

 

[snoop]

Surely big % of the registered domains are worthless, but isn't it the same in every niche??

It seems a lot worse to me, one of those "trend" areas where lots of names are registered despite very weak actual demand.

 

[Smith]

Things will pick up over there sooner or later, do you still have anything to do with the real estate sector over there Smith ? ...or have any contacts with villa rental companies ?


.

I really don't believe that the region will ever return to the levels that it was at, or even get close to it.

The area has very little / nothing going for it.

1. It's hell for 8 months out of the year. 40'C-50'C+ easy

2. The entire region is unstable in general due to:
a. Muslim Countries / Western Countries
b. Muslim Countries / Israel
c. Oil
d. And even if all that was resolved, you'll just have them continuing to blow each other up as they have done for centuries, (Sunni vs. Shia)

3. People have lost A LOT of money gambling on the region, developers have ****ed people left and right. Once bit twice shy.

4. From what I've seen, the locals don't like what has become of their country and the "leadership" decisions that have been made.

5. The "biggest & best" don't remain so forever, and even while they are, they don't make up for the gross short comings.


In general it's a mess.


I would give you some contacts, but everyone I knew in the industry there has been fired. 8-X

 

[nicedomains]

I think parking .ae is risky, just IMO. I haven't heard anything bad about them, just wondering because if I ever pull the trigger on a .ae I would prob go there since they are cheapest I've seen around.

 

[$$Domainer]

CityScape Dubai, now called CityScape Global, opened today in Dubai. Another sloooow one like last year. No robots. No celebration. No glitz. No glam. No nothing.

Cityscape Global: no fanfare or deals, levels of optimism returning - Real Estate - ArabianBusiness.com

 

[Krossat]

Great info thanks
I registered one!

Rep Added.

 

[DomainMayhem.com]

I grabbed one too, thanks. Rep Added.

 

[Krossat]

which one did u get DM ???
I got 4 now lolz

 

[DomainMayhem.com]

I grabbed ReemIsland.mobi. I'm curious though, the true name is Al Reem Island, though the references to either (Al, sans Al) seem to be about equal.

which one did u get DM ???
I got 4 now lolz

Care to share?

 

[Krossat]

Yeah but the construction company chose ReemIsland.com as their Website. So i guess Reem is more prevalent then Al.
Wonder what Al Reem means tho.

I got
[COM]
ReemSports
ReemResorts
ReemHolidays
ReemSpas

 

[DomainMayhem.com]

still reggin kross?