Sama Dubai ( ar, سما دبي) was an Emirati real estate company noted for its legal troubles, including arrests of senior management, during its brief existence.

History

Sama Dubai was founded in 2006 as a member company and subsidiary of Dubai Holding, a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

set up by the government of

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics ...

. Sama Dubai was created as a company with wider responsibility and mandate than its predecessor, Dubai International Properties. Sama Dubai is practically the international property arm of Dubai Holding. It develop real estates and properties in numerous countries, globally. A number of legal issues arose, predominantly related to Sama Dubai's main project in Dubai. The best known of these is the arrest of four senior members of management, including CEO Abdulsalam Almarri, as part of the cleanup of the Dubai property market. Other disputes relate to Sama Dubai's blocking of transactions, pending irregular payments and statements from the company that it is not bound by investor protection laws, such as the escrow law. It was announced in the summer of 2009 that Sama Dubai would be merged into Emaar Properties, along with Dubai Properties and Tatweer.

Portfolio

Sama Dubai develop real estate and property megaprojects in various countries. However, most of these projects have been suspended indefinitely. These originally included projects such as: * Dubai Towers - A series of supertall,

mixed-use Mixed-use is a kind of urban development, urban design, urban planning and/or a zoning type that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to so ...

skyscrapers being developed in three countries that will contain residential, business, office and entertainment sections. ** Dubai Towers Casablanca in Casablanca,

Morocco Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria ...

- this project has been suspended indefinitely. ** Dubai Towers Doha in

Doha Doha ( ar, الدوحة, ad-Dawḥa or ''ad-Dōḥa'') is the capital city and main financial hub of Qatar. Located on the Persian Gulf coast in the east of the country, north of Al Wakrah and south of Al Khor, it is home to most of the c ...

Qatar Qatar (, ; ar, قطر, Qaṭar ; local vernacular pronunciation: ), officially the State of Qatar,) is a country in Western Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it ...

- this project has been put on hold due to the financial crash in Dubai. ** Dubai Towers Istanbul in

Istanbul Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, ...

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...

- this project has been cancelled. ** Dubai Towers Dubai in Dubai, UAE - this project has been suspended indefinitely in favor of The Tower. ** Dubai Towers Jeddah in Jeddah, Saudi Arabia - this project has been suspended indefinitely. * Salam Resort & Spa - a resort and spa hospitality

chain A chain is a wikt:series#Noun, serial assembly of connected pieces, called links, typically made of metal, with an overall character similar to that of a rope in that it is flexible and curved in compression (physics), compression but line (g ...

launched by Sama Dubai ** Salam Yiti - in Yiti,

Oman Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of ...

; a AED3 billion project consisting of 2.6 million square meter resort with 18-hole

golf course A golf course is the grounds on which the sport of golf is played. It consists of a series of holes, each consisting of a tee box, a fairway, the rough and other hazards, and a green with a cylindrical hole in the ground, known as a "cup". The ...

, luxury hotel,

marina A marina (from Spanish language, Spanish , Portuguese language, Portuguese and Italian language, Italian : ''marina'', "coast" or "shore") is a Dock (maritime), dock or basin with moorings and supplies for yachts and small boats. A marina dif ...

and eco centreSama Dubai to develop AED3 billion lifestyle resort in Oman
Sama Dubai News Centre, 2005-06-06. ** Salam Bahrain - in

Bahrain Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an ...

* Amwaj - Another real estate development in Rabat,

to create a waterfront city in 100 hectares featuring buildings in classical Mediterranean and

Moorish architecture Moorish architecture is a style within Islamic architecture which developed in the western Islamic world, including al-Andalus (on the Iberian peninsula) and what is now Morocco, Algeria, and Tunisia (part of the Maghreb). The term "Moorish" ...

* Century City & Mediterrenean Gate - A luxury real estate investment on the Lac du Sud of the

Tunisia ) , image_map = Tunisia location (orthographic projection).svg , map_caption = Location of Tunisia in northern Africa , image_map2 = , capital = Tunis , largest_city = capital , ...

n capital

Tunis ''Tounsi'' french: Tunisois , population_note = , population_urban = , population_metro = 2658816 , population_density_km2 = , timezone1 = CET , utc_offset1 ...

. This project covers an area of 830 hectares and will comprise the construction of a new city with skyscrapers, hotels, residential complexes, cultural and leisure complexes, a marina and shopping malls. The costs for this project are estimated at $14bn. The construction works have already commenced in August 2007, the completion of the project will take about 15 years. The first phase was scheduled for completion in 2012. Much of this portfolio is now thought to be on hold.

The Lagoons image gallery

The Lagoons Model Pict 2.jpg

References

External links

Sama Dubai
- official website {{DEFAULTSORT:Sama Dubai Emirati companies established in 2006 Real estate companies established in 2006 Property companies of the United Arab Emirates 2009 mergers and acquisitions Real estate companies disestablished in 2009 2009 disestablishments in the United Arab Emirates