Arabs Invest $20 million in Building

The construction of the Dubai Center, with an investment of $20 million by Inversiones Sazitasa, will begin in Guatemala in May.

Wednesday, April 29, 2009

With 16 apartments, 2 for commercial use and 14 for office space, plus 6 basements for 600 cars, the Dubai Center will be built in Area 10. Inspired by the 7-star Burj Al Arab hotel in Dubai, the front of the Dubai Center will resemble a candle and "there will be palm trees constructed from stainless steel on the sides to give it a 'Persian Gulf’ style."

The Elperiodico.com.gt website published: "Although many developers have stopped projects or are having trouble selling because of the crisis, Inversiones Sazitasa is optimistic. The aim is to seize opportunities in a market where many projects have stopped. Dubai Center will begin its pre-selling stage in late May."

More on this topic

$5 million Residential Project in Honduras

July 2013

In the northwest of the city construction will take place of Ciudad Maya, a luxury residential complex which integrates a commercial area, a corporate area, an apartment building, and other recreational areas.

William Hall, a member of Inmobiliaria del Valle (Invalle), and project manager, said one of its additional attractions is that it will have a road bridge which will provide singular access to the complex.

Costa Rica: Real Estate Office Market

November 2011

An NAI Costa Rica Report for the third quarter 2011, gives analysis categorised by supply, demand and prices, and an evaluation of new projects.

Extract from the report:

The office property market is stable with an availability rate of 8.9%, up 1.1% from last quarter, due to the steady inflow of new office centers to the market.

Rise of Office Centers in Guatemala

July 2011

The opening of the Desing Center corporate office buildings whose investment is $26 million, adds to the growing collection of new office centers in Zone 10 in Guatemala City.

The new center joins the 30 existing buildings and with them others whose construction is nearing completion, as is the case of the Sixtino II Building, the Interamerican Business Center, the Dubai Center and the Banco Industrial’s Tower 3 in Zone 4.

Honduras: $25 Million Investment in Real Estate Project

June 2009

The first 21-floor tower of the development “325 Rio de Piedras” from Inversiones Bolivar will be completed by June of 2009.

With a $25 million investment, the construction of the Torre Sur, the first of two towers in the complex “325 Rio Piedras,” is planned to be completed in mid-2009. Currently, 65% of the luxury apartments in the tower have been sold.

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