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Fairmont Palm Jumeirah Hotel Condominiums Launched in Dubai


  • pg 1
									ISSUE 12

                                                      IFA Times shares news, views and snippets with you.                                                                         www.ifahotelsresorts.com

   Welcome                                            Fairmont Palm Jumeirah Hotel
   While some investors took advantage
   of the turbulent markets of 2009 à la
                                                      Condominiums Launched in Dubai
   Warren Buffet, for many individuals and
                                                      Following the recent success of our hotel condominium ownership product in the Fairmont Zimbali Resort, South Africa, IFA Hotels &
   companies it was a year of re-evaluation
                                                      Resorts recently launched its second hotel condominium ownership product in the Middle East within the prestigious Fairmont Palm
   and trepidation. At IFA Hotels & Resorts
                                                      Jumeirah hotel.
   (IFA HR) it was a year of opportunity and
   delivering on promises with new property
                                                      The new hotel condominiums are of particular interest to investors wishing to diversify their property portfolio with a unique real
   handovers, product launches and well-
                                                      estate option that combines both the business of guaranteed rental returns and strong capital growth potential with the pleasure of
   timed acquisitions, many of which you will
                                                      a hassle-free vacation property.
   read about in this issue of IFA Times.

   Looking forward, the year ahead will see
                                                        The concept allows initial investors to buy a fully furnished,                      digit growth recorded over the recent summer months. This
   the same dedicated focus from IFA HR
                                                        five-star	branded	hotel	room,	within	a	rental	pool	system	that	                     contrasts sharply to the 7% contraction seen in international
   on project completion, grand openings
                                                        guarantees annual returns of 10% per year for the first five                        passengers	worldwide	year-to-date	as	reported	by	Airports	Council	
   and customer handovers as a number of
                                                        years, underwritten by IFA Hotels & Resorts, during the hotel’s                     International	(ACI).	Far	from	contracting,	Dubai	International	is	on	
   our projects near completion. Delivering
                                                        stabilisation phase, and a guaranteed buy back premium of                           track to set a new record of 40.5 million passengers for 2009 and is
   on projects that are still underway will
                                                        10% after five years from the hotel’s opening. Owners also                          predicting an increase in 2010 to more than 46 million passengers.
   continue to be an area of concentration for
                                                        enjoy access to the accommodation and exceptional amenities
   the coming year, enabling us to hand over
                                                        managed by Fairmont Hotels & Resorts for a total of up to 30                        Combined hotel and air traffic statistics continue to show that
   more keys than ever before.
                                                        days each year. Leading luxury hotel operator, Fairmont Hotels                      despite the global downturn, Dubai has not only held its own as
                                                        &	Resorts,	will	be	responsible	for	the	day-to-day	administration,	                  an	international	destination,	but	has	surpassed	well-established	
   We are also hopeful that an integral factor
                                                        marketing, servicing and maintenance of the hotel.                                  market-leaders	making	it	the	only	top	10	airport	in	terms	of	
   to regional investor confidence will fall
                                                                                                                                            international passenger traffic to still record positive growth.
   into place next year and that is the official
                                                        Werner Burger said: “Worldwide, hotel condominiums are one                          These positive air traffic figures will inevitably translate into
   elevation and classification of Dubai from
                                                        of the fastest growing sectors of the real estate industry. As the                  consistently high hotel occupancy rates.
   a Frontier market to an Emerging market.
                                                        first company to introduce the concept of hotel condominium
   The result of this elevated status should be
                                                        ownership to the Middle East, we have seen its appeal continue to                   With banks’ deposit rates at historical lows, the purchase of a hotel
   an influx in large institutional investment
                                                        grow, particularly in markets like Dubai where hotel occupancy is                   condominium property is an attractive alternative for those wishing
   within the region and an increase in
                                                        still one of the highest in the world.”                                             to diversify and improve the return of their investment portfolios.
   consumer confidence.
                                                        In uncertain times, investors can also rely on the added security                   The Fairmont Palm Jumeirah is situated on the western portion
   All in all, it looks to be full steam ahead for
                                                        of	investing	in	a	Dubai-based	hotel	product.	A	study	published	by	                  of the trunk of Palm Jumeirah island and has reached the
   2010. Enjoy the read!
                                                        STR Global in June 2009 showed Dubai continues to lead global                       top	level	of	construction.	The	five-star	beach	hotel	will	host	
                                                        hotel occupancy rates, outperforming Paris, New York, Singapore                     381 fully furnished rooms and suites with spacious balconies
   Werner Burger
                                                        and Tokyo among others. In October, industry website Hotels.com                     overlooking elegantly landscaped gardens, pools, the Arabian
   President & COO
                                                        published a global price index with Dubai showing the highest                       Gulf and the Dubai Marina. The hotel will also include extensive
   IFA Hotels & Resorts
                                                        average hotel room rates in the world at US$226 per night.                          conference facilities, a selection of food and beverage outlets,
                                                                                                                                            a	well-equipped	gym,	a	Willow	Stream	Spa	and	outdoor	leisure	
                                                        In fact, consistent growth reported by Dubai International Airport                  amenities including a private beach and pool complex, sports club
                                                        during	the	first	eight	months	of	2009	has	seen	the	year-to-date	                    and kids club. For more details, visit www.ifahotelsresorts.com
  Earn While You Sleep                                  passenger	traffic	at	the	airport	increase	6.7%,	with	double-                        or call 800 4322.

  Own a Hotel Condominium at the Fairmont
  Palm Jumeirah

  •	 	FA	Hotels	&	Resorts	guarantees	annual	
     returns of 10% per year for the first 5 years*
  •	 	 uy-back	plus	10%	premium	after	the	5th	
     year, guaranteed by IFA Hotels & Resorts*
  •	 Enjoy	it	for	30	days	a	year
  •	 	 otel	construction	complete	up
     to the top level

                                                        * This is offer is available for a limited time only. Terms and conditions apply.
IFA HR Completes Residential Projects
After months of ramping up construction, IFA HR around the world is preparing for a busy
year-end	and	an	even	busier	New	Year	handing	over	our	completed	projects	to	customers.

In Dubai, IFA HR will wrap up the handover of units in Golden Mile, Palm Jumeirah and begin
inviting	owners	into	the	soon-to-be-completed	Fairmont	Residences,	Palm	Jumeirah,	located	
adjacent to the site of the Fairmont Palm Jumeirah hotel on the trunk of the Palm Jumeirah.
Early site visitors have been extremely impressed with the quality and elegance of the design,
fittings and fixtures. Soon after, we will start completing the much anticipated residential units
in Laguna Tower. Situated in a pivotal and commanding location at the head of Jumeirah Lakes
Towers, the majority of apartments in Laguna Tower will enjoy fabulous lake or sea views.

IFA HR has also been busy in Lebanon putting the final touches on the residential units of
Alabadiyah Hills Phase 1 so they can begin handing over the completed villas and townhouses.

                                                                                                            Golden Mile

                                                                                                     Laguna Tower, Dubai

Moving from Lebanon to Thailand, Raimon Land, the luxury Thai real
estate developer in which IFA HR owns a 41.07% stake, will begin
handing over its stunning Northpoint Pattaya properties. Soaring above
the	sands	of	the	prestigious	Wong-Amat	Beach,	Northpoint	Pattaya	
is	an	award-winning	contemporary	two-tower	condominium	offering	
extensive facilities, lush gardens and an exceptional mix of units.

Finally, we will have officially opened the spectacular Fairmont Zimbali
Resort by Q1 2010 and will begin handing over the residential units that
form part of the resort.

We expect 2010 to be filled with even more satisfied customers
enjoying ‘Living à la carte’ experiences as our projects move from
construction to operation.

                                                                                                     Northpoint Pattaya
Fairmont Heritage Place Zimbali Hands Over ‘Keys to a Legacy’
We recently completed the handover of all 18 Fairmont
Heritage Place, Zimbali residences to a group of extremely
                                                                 Every	owner	is	entitled	to	an	annual	minimum	of	21	pre-
                                                                 booked days at their Private Residence Club in Fairmont
                                                                                                                                 Fairmont Zimbali Resort
satisfied clients. Owners in the Club were presented with
their “Keys to a Legacy” at a spectacular owners’ breakfast
                                                                 Heritage Place, Zimbali. In addition, extra days referred to
                                                                 as “Heritage Time” are available on an ad hoc basis during
                                                                                                                                 Readies for Grand Opening
hosted within the stunning Zimbali Coastal Resort.               the year. Whether planning well in advance or indulging in      The finishing touches on the Fairmont Zimbali Resort
                                                                 spontaneous travel, the Club will go out of its way to ensure   are underway as the team in South Africa ramps up for
More than living up to its reputation as South Africa’s          that owners are accommodated.                                   its grand opening celebrations. We’ll be sure to share all
premier and only international Private Residence Club,                                                                           the grand news with you in the next issue of IFA Times.
investors at the new Fairmont Heritage Place, Zimbali have                                                                       If you’d like to visit the hotel once it has opened, please
been wowed by their magnificent new holiday homes and                                                                            contact zimbaliresort@fairmont.com
the	five-star	services	and	amenities	available.

“The final product has far surpassed our expectations. We
are absolutely delighted and we can’t wait to come back.”
commented one of the new owners at the breakfast.

Personal services in the residences include doormen who
greet owners by name, concierges that attend to every need,
as well as chefs, masseurs, child minders and housekeepers’
all delivering a memorable level of service.

All options have palatial terraces and private pools, stunning
open living spaces, expansive outdoor areas and gourmet,
state-of-the-art	kitchens.	Every	home	is	beautifully	
appointed and furnished, with attention lavished on the
smallest of details.
Desks Delivered to IFA HR
School Project in Zanzibar
In issue 10 of IFA Times, we covered the US$22,000 that was raised by
GEMS American Academy – Abu Dhabi for the Matemwe Kilima Juu
School, which IFA HR funded and built for an impoverished community
close to our Fairmont Zanzibar hotel.

Today, we’re happy to announce that the funds raised were used to
buy 60 desks, six tables and eight chairs and that the school is now
open and serving the community. Teachers and teaching supplies
for the school were provided by the Revolutionary Government of
Zanzibar. We will continue to monitor the school’s development and
keep	you	up-to-date.	

   IFA HR Increases its Stake in Boschendal
   As part of its set strategy to strengthen its geographic reach, IFA HR recently expanded its         www.boschendal.com/property.q
   interests in South Africa by acquiring a further 5.25% in Boschendal Limited, increasing its stake
   to 37.33%.

   IFA HR is committed to creating a development that will complement its internationally
   recognised portfolio of top quality integrated resorts. IFA HR is now also responsible for all the
   sales and marketing of Boschendal Limited, allowing the company to utilise its international
   offices and networks around the world.

   Werner Burger, President & COO, IFA HR said: “The internationally recognised Boschendal brand
   will be further elevated through our international network across the Middle East, Europe, Asia,
   North America and Africa.”

   Boschendal currently welcomes approximately 200,000 guests per year. The first phase of the
   development, the Boschendal Founder’s Estates located among the vineyards on the slopes of
   the Simonsberg Mountain, will now be further improved. Current development plans for the
   second	phase,	the	proposed	mixed-use	development	on	Boschendal’s	2,240	hectare	estate,	
   includes	residential	homes	set	within	villages	of	varying	size,	an	up-market	retirement	village,	
   a	boutique	hotel	and	a	mixed-use	precinct	combining	shopping,	offices	and	apartments.	
   Ultimately only 7% of the 2,240 hectares will be covered by buildings and gardens.
     Enjoy a few Days of Sunshine in the Algarve
     this Winter by Taking a well Deserved Break
     at the Beautiful Pine Cliffs Resort
     Take advantage of our special offer and stroll along the beach, play some golf or simply enjoy
     the company of your family or friends in the peace and quiet of the beautiful Pine Cliffs Resort
     in the Portuguese Algarve.

     •	 	 	nights/4	days	accommodation	in	a	Deluxe	Double-Room	with	Resort	view	(max	2	adults)
     •	 Daily	Buffet	breakfast	for	2
     •	 80€ Dinner Voucher
     •	 Return	transfers	to	Faro	International	Airport
     •	 VIP	Treatment	
     •	 	 ree	Access	to	Gym	and	Health	Club

     Total Price: 279€

     Offer valid from 1st of November till 31st March 2010. Subject to availability and terms and
     conditions. Flights not included.

     Terms and Conditions: This offer, valid once only, is subsidized by Pine Cliffs Vacation Club, with the aim of informing
     you	about	how	to	become	a	member	of	the	resort.	Accepting	this	promotion	requires	attending	an	informal	90-
     minute presentation. This promotion is aimed at couples of between 30 and 65 years, who are required to attend the
     presentation together. This promotion in non transferable and cannot be used in conjunction with any other promotion
     of Pines Cliffs and its services. This promotion is not valid for members of Pine Cliffs Vacation Club, employees or guests
     who have already attended the presentation.

Rick Astley is Top of the Pops at Pine Cliffs
Pine Cliffs Resort in the Portuguese Algarve once again marked             Since its first edition in 1996, the Pine Cliffs Resort Summer
the close of summer with its 13th annual Summer Gala                       Gala has embarked on a tradition of presenting resounding
featuring a live performance from legendary 80’s pop artist                performances and music icons such as George Benson, Dionne
Rick Astley. The event took place in the luxurious gardens of              Warwick, Gloria Gaynor, Al Jarreau, Bryan Ferry, Roberta Flack
Casa Pine Cliffs, part of the Pine Cliffs Residence, a Luxury              and Lionel Richie.
Collection Resort.

In 1987, Rick Astley’s album debut “Whenever you need
somebody”, shot him to international fame. A year later,
at just 22 years of age, he released the album “Hold me in
your arms”, which included the famous hits “She wants to
dance with me”, “Dial my number”, “Take me to your heart”,
and the single “Hold me in your arms” which gave name
to the album. Some 10 years later in 2008, Rick Astley was
awarded the MTV Europe Music Award for “Best Act Ever”. It is
estimated that Rick Astley has sold just over 40 million records
throughout his career.
    Further Investment in Raimon Land
    brings Share to 41.07%
    IFA	HR	acquired	an	additional	14.92%	stake	in	Bangkok-based	luxury	condominium	and	real	
    estate developer Raimon Land, increasing our ownership to 41.07%.

    Talal	Jassim	Al-Bahar,	Vice	Chairman	and	CEO	of	IFA	HR,	stated:	“While	the	global	economic	
    downturn continues in most markets across the world, recent reports indicate positive
    movement across many countries in Asia. The increase in our shareholding in Raimon Land is
    a testament to our belief in the management, the company and the great value that Raimon
    Land adds to our portfolio.”

    Over the past several years, Raimon Land has delivered projects valued at over US$200 million
    in luxury residential products to the Thai market. Additionally, the company has a project
    pipeline with a sales value exceeding US$1 billion.

    Raimon Land recently handed over The Heights Phuket to its customers. The company’s
    Northpoint Pattaya residential development is on track and scheduled for completion towards
    the end of this year, followed by handing over to owners shortly after. Construction of The
    River, a major condominium project in Bangkok, continues to make good progress, with the
    landmark project rising steadily on the banks of the Chao Phraya River and is scheduled for
    completion by 2011. www.raimonland.com

Thai Private Residence Clubs Added to the IFA Collection
IFA HR and Raimon Land have further diversified their Asian product portfolio with the launch         when	in	residence,	with	dedicated	staff	available	to	pre-stock	kitchens,	book	leisure	excursions	
of The Heights Private Residence Club, Northpoint Private Residence Club and The River Private        or make dining reservations and arrange babysitters, laundry, transportation and even a
Residence Club.                                                                                       private chef when required. For more details, please email prc@raimonland.com or visit www.
Each	home	within	the	private	residence	clubs	is	divided	into	saleable	fractions	of	1/13th.	This	
fraction entitles owners to enjoy a minimum of 21 days per year at the location in which
they purchase and unlimited use of available time. Additionally, owners will have access to a
greater network of properties through the IFA Collection and The Registry Collection Exchange
programme. Ownership is in perpetuity and can be sold at any time.

Private residence clubs represent the top tier of fractional ownership products and are among
the fastest growing sectors of the real estate and hospitality industries. It is an innovative form
of	ownership	that	appeals	to	those	who	want	the	security	and	advantages	of	an	equity-based	
private club along with the benefits of owning luxuriously appointed, prime real estate.

Piaras Moriarty, Vice President Client Management, IFA HR, said: “Owners will have access
not only to their selected property in Thailand, but can also exchange their days for access to
over 160 properties through the IFA Collection, a luxury portfolio of international properties
developed by IFA Hotels & Resorts, and The Registry Collection programme. Likewise, the
addition of these private residence clubs provides our IFA Collection clients with access
to three great new vacation options in Thailand.”

Each location offers a sanctuary of elegance and sophistication specifically created by the
best	award-winning	teams	in	Asia	to	cater	to	the	desires	of	its	owners.	Every	unit	is	furnished	
                                                                                                                                                                                The Heights Phuket
and equipped to the highest international standards. Owners also enjoy unparalleled service

                                       Dubai Tel: +971 4 404 3424
                                       Kuwait Tel: +965 833 300                                                                                     www.ifahotelsresorts.com

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