Kaizen Developments

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Kaizen Developments

Postby shawarma » 26 Sep 2008, 16:34

Kaizen Developments is based in Dubai, and also has offices in Istanbul in Turkey, and London in the UK. Kaizen is a Japanese principal or philosophy that is based on the idea of continuous and overall improvement, with everyone involved if applied to a business environment. But Kaizen Developments don't have an office in Japan, however the Kaizen philosophy does mean KD are able to infuse their press releases with liberal quantities of continously improving adjectives, Gaijin-san.

Managing Director of Kaizen Developments is Amir Salam

Kaizen Developments have Islamic financing available for their Dubai projects from Badr Al Islami (Islamic finance unit of MashreqBank). Mortgages available up to 70% of property cost for commercial units and 90% for residential properties (09 July 2008 press release). Presumably that's on the original off-plan price, not market valuation or sale price to a secondary owner. Kaizen Developments have also arranged up to 90% Islamic financing with Kuveyt Turk for their projects in Turkey (in New Turkish Lira, US dollars, or Euros).

Kaizen projects in Turkey: (3 listed but an 02 April 2008 press release said Kaizen had 5 projects underway in Turkey).

  • Taksim Residence in Taksim, Istanbul - restoration of the home of former first lady, Latife Hanim, and construction of a new building to provide 16 luxury apartments
  • Balmumcu Residence in the Bestikas area, Istanbul, near the European side of the Bosphorus, will have 8 apartments, 4 townhouses, 2 swimming pools, and 1 fitness center.
  • Valikonagi Residence / Valikonağı Residences in Nisantasi / Nişantaşı in Istanbul - a commerical retail and residential development with 16 apartments.

Kaizen projects in the UK:

Hampstead Residence, near Trafalgar Square, London - a residential development with 15 two bedroom, 3 three bedroom apartments, and posh neighbours.

Kaizen projects in the UAE:

Celestial Heights, Downtown Jebel Ali, Dubai - a residential and commercial development of three towers. Celestial Heights was reported to be sold out within a month of launch.
  • Capella - a 10 floor residential tower with studio, one and two bedroom apartments, swimming pool and gym.
  • Orion - a 20 floor residential tower with studio, one, two and three bedroom apartments, two bedroom duplexes, swimming pool and gym.
  • Polaris - a commerical tower.

Equinox Residences, Crescent A of Jebel Ali Palm Dubai - a 21 floor residential tower with 1-4 bedroom, duplex, and penthouse apartments. Development is worth AED 715m. Equinox apartments will all have sea views, beach access, Bosch kitchens and home theatre systems. The development comes with on-site nutritionists, fitness trainers, concierge and chauffer car services so you can eat, drink, and be healthy. The press release (24 September 2008) also says Equinox has been approved by RERA and Nakheel (Jebel Ali master developer). Construction expected to start Q1 2009, and completion expected by December 2010 (ha ha, that must be a little joke from Kaizen to show they have a sense of humour ;)) Equinox will be exhibited at Dubai Cityscape 2008.

Kaizen Developments Dubai contact details:

PO Box 124558, Dubai , United Arab Emirates
Tel +971-4-3323103
Fax: +971-4-3323310
website http://www.kaizendevelopments.com
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