KM Properties Leads Construction Progress in Business Bay

Online, March 30, 2010 (Newswire.com) - KM Properties, one of Dubai's leading Property developers is going on with all projects in Business Bay. TAMANI Hotel at Park Lane Office, B2B Tower and TAMANI Artisan Cluster have been progressing significantly.

KM Properties has just recently released construction updates of all projects to all its investors.

"It is our duty to ensure that we build customer confidence by providing them updates with regards to the construction of the properties they brought from KM Properties, especially during this challenging times" according to Mr. Sanjeet Joher, Group Chief Executive Office of KM Properties.

KM Properties have scheduled regular site visits for its clients to personally see the ongoing constructions. "We are maintaining regular contact with our clients and we encourage them to come and visit the construction site" added Mr. Joher.

Development Construction in all projects in full swing in Business Bay.

KM Properties has also announced that construction on the iconic TAMANI Hotel at Park Lane Office Tower in Business Bay has reached the 20th floor. B2B Tower, a state of the art commercial tower consisting of offices, retails and parking facilities located in Business bay, is also progressing as construction from basement 2 to 1 is ongoing. Construction on TAMANI Artisan Cluster has completed basement 1 slab concreting works.

KM Properties have contracted Al Rostamani Pegel LLC, which was created in partnership with the Berlin-based firm Gustav Pegel & Sohn, as the official contractor for the construction of all three projects.

KM Properties has been closely working with the office of Mr. Marwan bin Ghalita, Chief Executive Officer of the Real Estate Regulatory Agency (RERA) and Mr. Sultan Bin Butti, Director General of Dubai Land Department to ensure that the compliance is achieved and regulations are followed accordingly.

With new laws and regulations being implemented in the real estate industry, KM Properties has made it a point to be the first to know and the first to comply with all these laws and regulations. KM Properties is currently awaiting the upcoming Strata Law in order to implement the same in letter and spirit.

KM Rent rents out 99% of its inventories.

KM Rent, the property leasing arm of KM Properties, has just concluded several deals that made almost all of its freehold properties under its inventory occupied. More than 500 properties have been rented out through direct clients and some through KM Rent's online portal, www.kmrent.ae.

"We are very delighted that 99% of our inventories have been rented out in a short period of time. Rent declines have definitely pushed the market to other areas however, we have remained consistent and our aggressive business strategy and operation has carried us to this success" said Mr. Sanjeet Joher.

KM Rent is the only company in Dubai that offers TAMANI Exclusive for all owners and tenants to avail of housekeeping services, baby sitting, maintenance, catering, security, landscaping and many more.

"Based on research, we have studied relocation patterns of the market and we have identified areas where individuals are likely to go to and we have adjusted our strategies accordingly" added Mr. Sanjeet Joher.

For more information, please log on to www.km-properties.ae or call 800567