Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Damac launches Shariah Constella  Join our daily free Newsletter

MENAFN - Khaleej Times - 06/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Mac hotels the hospitality arm of damac properties has officially launched the first fully-certified shariah-compliant serviced hotel apartments in dubai during the arabian travel market or atm.constella is a luxury tower under construction in the thriving community of jumeirah village. the full management of the project will be carried out on shariah principles and result in the issuing of a shariah ertification by dar al sharia.although there are projects in dubai that are alcohol-free and claim to be shariah-compliant constella will also have separate swimming pools for men and women separate gymnasiums and saunas. the restaurant will also have a single section for men and a separate family section. there will also be dedicated floors provided for ladies that will be served by female only staff. in addition constella will also fully comply to islamic financing principles with all funds for the project managed by an islamic bank.“damac properties is a dubai company which listens to market demands and we were keen to bring a fully-certified shariah-compliant product to the market for some time” said ziad el chaar managing director of damac properties. “constella presents a unique opportunity to invest in the dubai real estate market in-line with the principles and beliefs of many of our customers particularly those from saudi arabia and here in the uae.” el chaar went on to acknowledge dar al sharia and the real estate regulatory authority for their support in bringing this product to market.damac properties will be hosting an exclusive vip event at damac maison – dubai mall street today from 10:00am to present the project and release a select number of units at pre-launch prices. prices for constella start at dh702000 and will be completed by 2017. each constella unit comes complete with a fully-fitted kitchen and daily housekeeping services.— business?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 May 27 2015 - Bahrain to reduce state spending on expatriatesGulf Times
(MENAFN - Gulf Times) Bahrain will begin cutting subsidies for goods and services to reduce state spending on its foreign population as low oil prices pressure its budget, a top official said. ...

 May 27 2015 - Egypt to keep Gaza crossing open for two daysGulf Times
(MENAFN - Gulf Times) Egypt reopened its Rafah border crossing with Gaza for two days from Tuesday, Palestinian border officials said, for the first time since March. Maher Abu Sabha, director of ...

 May 27 2015 - Palestinians reject move to 'legitimise settlements'Gulf Times
(MENAFN - Gulf Times) Palestinians yesterday angrily dismissed reported remarks by Prime Minister Benjamin Netanyahu that he would like to negotiate the future annexation of Israeli settlements in ...

 May 27 2015 - Court restores citizenship of former lawmaker in KuwaitGulf Times
(MENAFN - Gulf Times) The Kuwaiti lower court yesterday overturned a decision by the government to revoke the citizenship of a former Islamist opposition lawmaker and his family, his lawyer said. ...

 May 27 2015 - Qatar - Al Khor street to close temporarilyGulf Times
(MENAFN - Gulf Times) Entry and exit to and from Al Hiddan Street to Um Swaiah near Al Khor Independent School for girls will be closed from Thursday, May 28 for two months.The exit to Um Swaiah ...

 May 27 2015 - Qatar hotels win recognition at annual awardsGulf Times
(MENAFN - Gulf Times) Qatar Tourism Authority (QTA) has announced the winners of its third Annual Hotel Awards, part of its efforts to continuously raise the standards of the hotel industry in the ...

 May 27 2015 - Qatar Airways to start Amsterdam service on June 16Gulf Times
(MENAFN - Gulf Times) Qatar Airways (QA) is starting direct flights from Doha to Amsterdam's Schiphol Airport from June 16, the State carrier announced on Tuesday.The airline will operate six times a ...

 May 27 2015 - Qatar - Fifty One East opens sticker shop at Lagoona MallGulf Times
(MENAFN - Gulf Times) Fifty One East, the premium luxury retail chain in Qatar, has launched Anya Hindmarch "Sticker Shop", at Lagoona Mall.Customers can buy stickers for handbag or phone or notebook ...

 May 27 2015 - Qatargas honours 500 employeesGulf Times
(MENAFN - Gulf Times) Qatargas has held a special ceremony to recognise and reward employees for their outstanding performance and continuous years of service with the company.Sheikh Khalid bin ...

 May 27 2015 - Qatar - Samsung unveils premium top-load washing machineGulf Times
(MENAFN - Gulf Times) Samsung Electronics Company, a leading global home appliance innovator, has unveiled its premium WA6700 washing machine range at a retailer conference in Qatar. The latest ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help