Cityscape Dubai re-named as Cityscape Global
Thursday, February 11, 2010
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The Cityscape Management has announced on Monday that the Cityscape Dubai event has been re-named as Cityscape Global, and the year 2010 will be the ninth consecutive year when the Cityscape event will be held in Dubai.
The change in name is aimed to acknowledge the place of the event as a significant international platform in the real estate sector. Another reason for change in name is because the event attracts majority of international participants than any other cityscape event in the world.
Cityscape Dubai has not only grown immensely over the past few years, but has evolved into one of the most major real estate platforms in the world, said Rohan Marwaha, Managing Director, Cityscape.
The Cityscape Global due to be held at the Dubai World Trade Center in October, is hoped to attract several international developers, professionals and architects.
Last year the event recorded 25 percent of registered participants from outside the UAE, which translates into almost 10,000 participants flying in from 115 different countries. An equal 50-50 distribution of participants is required over the next two years, said Marwaha.
Marwaha also confirmed participants of Dubai major developers such as Nakheel and Emaar. The Cityscape Global will witness six conferences run simultaneously, while the delegates will be able to access any of the sessions across any of the conferences for a single price. The Cityscape Global will also gain a facelift with newly introduced business initiatives such as Cityscape Connect, City Leaders Forum and CEO Breakfasts.
However, Marwaha confirmed that Cityscape Abu Dhabi will remain unaffected and retain the same name, as that event focuses on development projects for Abu Dhabi alone.
Cityscape Global is a platform which showcases real estate opportunities globally and offers access to investors from across the world.
Cityscape is the largest business-to-business real estate investment and development brand in the world, comprising series of major exhibitions and conferences that take place in Abu Dhabi and Dubai, Saudi Arabia, Asia, Latin America, USA, India and Russia.
The change in name is aimed to acknowledge the place of the event as a significant international platform in the real estate sector. Another reason for change in name is because the event attracts majority of international participants than any other cityscape event in the world.
Cityscape Dubai has not only grown immensely over the past few years, but has evolved into one of the most major real estate platforms in the world, said Rohan Marwaha, Managing Director, Cityscape.
The Cityscape Global due to be held at the Dubai World Trade Center in October, is hoped to attract several international developers, professionals and architects.
Last year the event recorded 25 percent of registered participants from outside the UAE, which translates into almost 10,000 participants flying in from 115 different countries. An equal 50-50 distribution of participants is required over the next two years, said Marwaha.
Marwaha also confirmed participants of Dubai major developers such as Nakheel and Emaar. The Cityscape Global will witness six conferences run simultaneously, while the delegates will be able to access any of the sessions across any of the conferences for a single price. The Cityscape Global will also gain a facelift with newly introduced business initiatives such as Cityscape Connect, City Leaders Forum and CEO Breakfasts.
However, Marwaha confirmed that Cityscape Abu Dhabi will remain unaffected and retain the same name, as that event focuses on development projects for Abu Dhabi alone.
Cityscape Global is a platform which showcases real estate opportunities globally and offers access to investors from across the world.
Cityscape is the largest business-to-business real estate investment and development brand in the world, comprising series of major exhibitions and conferences that take place in Abu Dhabi and Dubai, Saudi Arabia, Asia, Latin America, USA, India and Russia.
Labels: Cityscape, Property-show
Cityscape real estate show unveiled
Tuesday, October 06, 2009
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Cityscape, the Gulf's major annual real estate show was unveiled in Dubai today, as a scaled-down version of past years, reflecting steep deterioration in the property sector of the emirate.
The floor space used by property developers were lesser by 30 percent compared to last year, while attendance during the four-day event is hoped to drop by 20 percent this year, according to organizers. Last year's event saw the participation of 1500 companies from 150 countries.
Over the past couple of years, Cityscape has been a venue to unveil new projects. However, this year only nearly-completed developments and pre-announced projects have been featured.
According to Cityscape Managing Director, Rohan Marwaha, people are not expecting multi-billion dollar project launches or major finance deals at this year's event.
Nakheel, major master developer in Dubai had earlier announced plans to build a kilometer tall tower, competing with Emaar, who's nearly-completed Burj Dubai is already the world's tallest building stands above 800 meters in height. However, no impressive displays of the towers have been on the show this year.
Nakheel has confined to a scale model of completed Palm Jumeirah, the only one completed among three man-made palm shaped islands, apart from other smaller projects. Projects of several other developers on the show remain in the "concept" stage.
Meanwhile, Abu Dhabi developers are seen to have made a stronger presence by occupying larger portions of this year's show.
The floor space used by property developers were lesser by 30 percent compared to last year, while attendance during the four-day event is hoped to drop by 20 percent this year, according to organizers. Last year's event saw the participation of 1500 companies from 150 countries.
Over the past couple of years, Cityscape has been a venue to unveil new projects. However, this year only nearly-completed developments and pre-announced projects have been featured.
According to Cityscape Managing Director, Rohan Marwaha, people are not expecting multi-billion dollar project launches or major finance deals at this year's event.
Nakheel, major master developer in Dubai had earlier announced plans to build a kilometer tall tower, competing with Emaar, who's nearly-completed Burj Dubai is already the world's tallest building stands above 800 meters in height. However, no impressive displays of the towers have been on the show this year.
Nakheel has confined to a scale model of completed Palm Jumeirah, the only one completed among three man-made palm shaped islands, apart from other smaller projects. Projects of several other developers on the show remain in the "concept" stage.
Meanwhile, Abu Dhabi developers are seen to have made a stronger presence by occupying larger portions of this year's show.
Labels: Cityscape, Property-show
Nakheel and Emaar confirm participation in Cityscape Show
Monday, September 28, 2009
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The two leading Dubai developers, Nakheel and Emaar Properties, have mentioned that they will participate in the much-anticipated property expo, the Cityscape Show, thereby reversing their earlier decision to pull put.
The leading property developers known for their major projects such as man-made islands and world’s tallest skyscraper had earlier cancelled their participation in the show, which illustrated a shift in focus amidst the real estate bust towards completing existing projects, rather than rolling out new ones.
In their statements to the media, the companies mentioned that they will participate in the two-day property fair, due to begin in Dubai on 5th October.
The decision follows discussions with several agencies involved in organizing the event. The company will make use of the event to explain its growth strategy of expansion and further explore new possibilities in the Middle East, North Africa and South Asia, says the statement by Emaar.
Meanwhile, Nakheel has stated that the company decided to participate following discussions with several industry stakeholders, including partners and leading event organizers.
The company's focus will remain on delivering units and services to existing investors and focus on exhibiting communal properties on several of its developments nearing completion, Nakheel mentioned in its statement.
Organized by IIR Middle East, the Cityscape Dubai 2009 will be held between the 5th and 8th October 2009 at the Dubai International Exhibition Center.
The leading property developers known for their major projects such as man-made islands and world’s tallest skyscraper had earlier cancelled their participation in the show, which illustrated a shift in focus amidst the real estate bust towards completing existing projects, rather than rolling out new ones.
In their statements to the media, the companies mentioned that they will participate in the two-day property fair, due to begin in Dubai on 5th October.
The decision follows discussions with several agencies involved in organizing the event. The company will make use of the event to explain its growth strategy of expansion and further explore new possibilities in the Middle East, North Africa and South Asia, says the statement by Emaar.
Meanwhile, Nakheel has stated that the company decided to participate following discussions with several industry stakeholders, including partners and leading event organizers.
The company's focus will remain on delivering units and services to existing investors and focus on exhibiting communal properties on several of its developments nearing completion, Nakheel mentioned in its statement.
Organized by IIR Middle East, the Cityscape Dubai 2009 will be held between the 5th and 8th October 2009 at the Dubai International Exhibition Center.
Labels: Cityscape, Emaar, Nakheel, Property-show
New futuristic District for Abu Dhabi unveiled during Cityscape 2009
Wednesday, April 22, 2009
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The Abu Dhabi Urban Planning Council (UPC) has unveiled details of Capital City District, a major development project in Plan Abu Dhabi 2030. The UPC is the agency responsible for physical planning of Abu Dhabi's future.
The details of the project were revealed during the Cityscape Abu Dhabi 2009, the largest real estate exhibition, which began in Abu Dhabi yesterday.
The entire project would take 25 years for completion and will be built on 50 million square meters of land, almost twice the size of Yas Island. On completion, the Capital District will serve as a second downtown and can house a population of 370,000. The district will offer a mixed-use, sustainable environment featuring commercial, residential, retail and community groups.
Other vital aspects of the masterplan are the schools seving both Emirati and expat community needs, universities, medical campus, higher education amenities and bio-medical research facilities.
Located between the Mohammad bin Zayed City and the Abu Dhabi International Airport, the Capital City District will blend national government institutions, Emirati culture, and city life by offering a fusion of distinct districts interlinked by grand boulevards, open spaces, shaded streets and world-class public transit system.
Located at the heart of Capital City District will be a Federal Precinct, which serves as the national seat of the UAE government. The Capital Boulevard would include Federal ministries and government offices providing a dramatic connection to the Grand Mosque and Presidential Palace.
There would be a total of seven grand boulevards, representing seven emirates, connecting the city center with surrounding districts. The boulevards would help in effective traffic movement within and out of city. An interlinked street system is also an integral part of the master-plan, which encourages walking in the shaded and landscaped pathways. There are also dedicated bike routes offering a safe and convenient alternative travel option across the city.
The residents and visitors of the District can gain access to two main types of streets - the retail streets lined with shops, restaurants, cafes and plazas and the relaxing neighbourhood streets.
The details of the project were revealed during the Cityscape Abu Dhabi 2009, the largest real estate exhibition, which began in Abu Dhabi yesterday.
The entire project would take 25 years for completion and will be built on 50 million square meters of land, almost twice the size of Yas Island. On completion, the Capital District will serve as a second downtown and can house a population of 370,000. The district will offer a mixed-use, sustainable environment featuring commercial, residential, retail and community groups.
Other vital aspects of the masterplan are the schools seving both Emirati and expat community needs, universities, medical campus, higher education amenities and bio-medical research facilities.
Located between the Mohammad bin Zayed City and the Abu Dhabi International Airport, the Capital City District will blend national government institutions, Emirati culture, and city life by offering a fusion of distinct districts interlinked by grand boulevards, open spaces, shaded streets and world-class public transit system.
Located at the heart of Capital City District will be a Federal Precinct, which serves as the national seat of the UAE government. The Capital Boulevard would include Federal ministries and government offices providing a dramatic connection to the Grand Mosque and Presidential Palace.
There would be a total of seven grand boulevards, representing seven emirates, connecting the city center with surrounding districts. The boulevards would help in effective traffic movement within and out of city. An interlinked street system is also an integral part of the master-plan, which encourages walking in the shaded and landscaped pathways. There are also dedicated bike routes offering a safe and convenient alternative travel option across the city.
The residents and visitors of the District can gain access to two main types of streets - the retail streets lined with shops, restaurants, cafes and plazas and the relaxing neighbourhood streets.
Labels: Cityscape, New Developments
Cityscape Abu Dhabi 2009 opens with fresh hope to tackle crisis
Monday, April 20, 2009
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The four-day annual property exhibition, Cityscape Abu Dhabi 2009, has been unveiled at the Abu Dhabi National Exhibition Center on Sunday.
The show involves participation of both regional and international investors, government authorities, real estate developers who intend to discuss the current market challenges and strategies to tackle them.
The event was inaugurated by General Shaikh Mohammed Bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and the Deputy Supreme Commander of the UAE Armed Forces. When touring the exhibition, General Shaikh Mohammad was briefed by exhibitors about their developments.
There are about 40 or more participating companies in the event. An executive from Sorouh Real Estate said that few developers have been offering affordable housing for all levels of income. This is an important development, as earlier, only prominence was given only for high-end property developments, he added.
A senior executive of Aldar Properties, one of the largest property development companies in Abu Dhabi, Ousama Ghannoum, said that several banks and finance houses have come forward offering loans to potential buyers, which would generate interest in various developments in and around Abu Dhabi City and the emirate.
The Managing Director of Ascon Group, Abid Junaid, said that this year's Cityscape is hoped to re-instill the consumer confidence in the property sector and help in revival of the sector.
Abu Dhabi has a better hold and can capitalize on the relative weakness of other property markets facing turmoil and uncertainty due to global economic recession. This is because the emirate has the largest sovereign wealth fund and the long-term plans for continued real estate and infrastructure development.
This year's Cityscape is likely to be 32 percent bigger than its last year's edition and covers a gross area of more than 38.000 square meters.
New projects are to be announced at the exhibitions, including one by Aldar Properties.
The four-day annual property exhibition, Cityscape Abu Dhabi 2009, has been unveiled at the Abu Dhabi National Exhibition Center on Sunday.The show involves participation of both regional and international investors, government authorities, real estate developers who intend to discuss the current market challenges and strategies to tackle them.
The event was inaugurated by General Shaikh Mohammed Bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and the Deputy Supreme Commander of the UAE Armed Forces. When touring the exhibition, General Shaikh Mohammad was briefed by exhibitors about their developments.
There are about 40 or more participating companies in the event. An executive from Sorouh Real Estate said that few developers have been offering affordable housing for all levels of income. This is an important development, as earlier, only prominence was given only for high-end property developments, he added.
A senior executive of Aldar Properties, one of the largest property development companies in Abu Dhabi, Ousama Ghannoum, said that several banks and finance houses have come forward offering loans to potential buyers, which would generate interest in various developments in and around Abu Dhabi City and the emirate.
The Managing Director of Ascon Group, Abid Junaid, said that this year's Cityscape is hoped to re-instill the consumer confidence in the property sector and help in revival of the sector.
Abu Dhabi has a better hold and can capitalize on the relative weakness of other property markets facing turmoil and uncertainty due to global economic recession. This is because the emirate has the largest sovereign wealth fund and the long-term plans for continued real estate and infrastructure development.
This year's Cityscape is likely to be 32 percent bigger than its last year's edition and covers a gross area of more than 38.000 square meters.
New projects are to be announced at the exhibitions, including one by Aldar Properties.
Cityscape Abu Dhabi to kick-start on 19th April
Saturday, April 18, 2009
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The Cityscape Abu Dhabi, the international property investment and development event, will be held between April 19th and 22nd 2009 at the Abu Dhabi National Exhibition Center (ADNEC), it has been announced.
This year's event is hoped to be 32 percent bigger than last year's event, and would cover an area of more than 38,000 square meters.
Ever-since its launch in 2007, the Cityscape Abu Dhabi has grown considerably year after year.
This growth will continue this year too, due to expansion of ADNEC's exhibition facilities to create the largest exhibition center in the Gulf.
This year's event has six additional halls, making the event to span across 9 exhibition halls, apart from the Atrium.
The Cityscape is an annual networking exhibition and conference that focuses on all aspects of property development. It attracts property developers, regional and international investors, lead architects and designers to an annual forum that celebrates the best in architecture, real estate, urban planning and design.
The event is open on the said days from 10am to 7pm at ADNEC.
This year's event is hoped to be 32 percent bigger than last year's event, and would cover an area of more than 38,000 square meters.
Ever-since its launch in 2007, the Cityscape Abu Dhabi has grown considerably year after year.
This growth will continue this year too, due to expansion of ADNEC's exhibition facilities to create the largest exhibition center in the Gulf.
This year's event has six additional halls, making the event to span across 9 exhibition halls, apart from the Atrium.
The Cityscape is an annual networking exhibition and conference that focuses on all aspects of property development. It attracts property developers, regional and international investors, lead architects and designers to an annual forum that celebrates the best in architecture, real estate, urban planning and design.
The event is open on the said days from 10am to 7pm at ADNEC.
Labels: Abu Dhabi, Cityscape, Property-show
Abu Dhabi property market indicates strong confidence
Sunday, March 08, 2009
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The Abu Dhabi property market indicates a strong confidence, based on stable and genuine market demand, rather than speculation, which has led to fundamental growth of the UAE capital, according to development experts.
Speaking during the first Cityscape Connect Business Breakfast in Abu Dhabi, about 150 real estate executives and investors got together and discussed the current challenges faced by the market, ahead of Cityscape Abu Dhabi, due to take place between the 19th and 22nd April 2009 at the Abu Dhabi National Exhibition Center.
The global economic turmoil has cast a shadow over the property sector, growth prospects and changing market dynamics, said Rohan Marwaha, the Managing Director of Cityscape.
The Cityscape Connect initiative is introduced by IIR Middle East, the organizers of Cityscape Abu Dhabi. Speaking during the session, Marwaha, said that this year's event is quite strong with the growth of 30% of last year, and 48% increase in advance registration of visitors.
Charles Acworth, Director-Research and Head of Commercial Leasing for Aldar, said Abu Dhabi is the 'location of choice in Middle East' for retailers.
He expressed strong confidence in the Abu Dhabi retail market, hotel and residential sectors. Though some "reworking" is still being done, there is an undersupply of residential property for end-user occupiers, and the situation is hoped to continue for next five years.
Speaking about the residential market, Gurit Singh, the Chief Property Development Officer of Sorouh, said that stability is likely to return to rental marked within four quarters from now, depending on supply of new properties to the market.
The Managing Director of Burooj Properties, Adel Zarouni, said that the overall growth of Abu Dhabi property marked is genuine, and is not affected by speculation.
The Legal Consultant with Clyde & Co., Scott Ajtken, said that the only challenges identified are the need to find new finance options for new developments and the need for regulations covering both developers and investors.
Cityscape Abu Dhabi 2009 has generated good response and support from industry leaders.
Speaking during the first Cityscape Connect Business Breakfast in Abu Dhabi, about 150 real estate executives and investors got together and discussed the current challenges faced by the market, ahead of Cityscape Abu Dhabi, due to take place between the 19th and 22nd April 2009 at the Abu Dhabi National Exhibition Center.
The global economic turmoil has cast a shadow over the property sector, growth prospects and changing market dynamics, said Rohan Marwaha, the Managing Director of Cityscape.
The Cityscape Connect initiative is introduced by IIR Middle East, the organizers of Cityscape Abu Dhabi. Speaking during the session, Marwaha, said that this year's event is quite strong with the growth of 30% of last year, and 48% increase in advance registration of visitors.
Charles Acworth, Director-Research and Head of Commercial Leasing for Aldar, said Abu Dhabi is the 'location of choice in Middle East' for retailers.
He expressed strong confidence in the Abu Dhabi retail market, hotel and residential sectors. Though some "reworking" is still being done, there is an undersupply of residential property for end-user occupiers, and the situation is hoped to continue for next five years.
Speaking about the residential market, Gurit Singh, the Chief Property Development Officer of Sorouh, said that stability is likely to return to rental marked within four quarters from now, depending on supply of new properties to the market.
The Managing Director of Burooj Properties, Adel Zarouni, said that the overall growth of Abu Dhabi property marked is genuine, and is not affected by speculation.
The Legal Consultant with Clyde & Co., Scott Ajtken, said that the only challenges identified are the need to find new finance options for new developments and the need for regulations covering both developers and investors.
Cityscape Abu Dhabi 2009 has generated good response and support from industry leaders.
Labels: Abu Dhabi, Cityscape, Market Trends
Cityscape 2008 witnessed more visitors, lesser sales
Saturday, October 11, 2008
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The five-day extravaganza, Cityscape 2008, ended on Thursday, at the World Trade Center, Dubai. According to the organizers about 70,000 to 80,000 visitors had turned up during the event, although only 60,000 visitors were anticipated, thereby confirming its position as the world's biggest business-to-business real estate investment and development event.
This year's Cityscape has seen everything, starting from the one-kilometer tall tower, to hanging gardens, mergers, royal visits and an island museum.
The event saw the participation of about 150 countries. According to the Managing Director of Cityscape, Rohan Marwaha, the opening hours of the event was extended by an hour each day due to exceptional public demand.
He said that this indicates the uniqueness of Cityscape Dubai, as it is not a retail event where people gather to buy individual properties. Rather, it is an investor-level, international business-to-business show.
A major strength of Cityscape is that it offers access to few of the wealthiest and most liquid property investors in the world, he added.
However, although the Cityscape organizers claim that there has been more interest this year from investors, compared to last year, the property sellers reveal that potential buyers are scared of investing.
A sales executive of RAK Properties, who spoke to Gulf News, said that sales in Cityscape 2008 were a little low compared to last year.
Mansoureh Ghezipour, a property consultant, Best Homes Emirates Real Estate said that although people trusted the market last year, this year they are hesitant to invest, although the number of visitors are more.
According to Sikander Aziz, Sales Executive, Bonyan International Investments Group, interest of visitors is high, but buying is low. This could be due to global liquidity conditions, he added.
Ian Albert, Regional Director, Colliers International, said "Investors this year are more cautious, and there has been greater degree of diligence. An air of cautiousness is seen seeping in from the general feelings of the international market."
The event ended on a high note, with a visit by H.H. Shaikh Mohammad Bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai.
This year's Cityscape has seen everything, starting from the one-kilometer tall tower, to hanging gardens, mergers, royal visits and an island museum.
The event saw the participation of about 150 countries. According to the Managing Director of Cityscape, Rohan Marwaha, the opening hours of the event was extended by an hour each day due to exceptional public demand.
He said that this indicates the uniqueness of Cityscape Dubai, as it is not a retail event where people gather to buy individual properties. Rather, it is an investor-level, international business-to-business show.
A major strength of Cityscape is that it offers access to few of the wealthiest and most liquid property investors in the world, he added.
However, although the Cityscape organizers claim that there has been more interest this year from investors, compared to last year, the property sellers reveal that potential buyers are scared of investing.
A sales executive of RAK Properties, who spoke to Gulf News, said that sales in Cityscape 2008 were a little low compared to last year.
Mansoureh Ghezipour, a property consultant, Best Homes Emirates Real Estate said that although people trusted the market last year, this year they are hesitant to invest, although the number of visitors are more.
According to Sikander Aziz, Sales Executive, Bonyan International Investments Group, interest of visitors is high, but buying is low. This could be due to global liquidity conditions, he added.
Ian Albert, Regional Director, Colliers International, said "Investors this year are more cautious, and there has been greater degree of diligence. An air of cautiousness is seen seeping in from the general feelings of the international market."
The event ended on a high note, with a visit by H.H. Shaikh Mohammad Bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai.
Labels: Cityscape, Latest News
Projects worth Dh.500bn announced at Cityscape Dubai 2008
Friday, October 10, 2008
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Property developers in the Gulf continued to remain confident amidst fears that the global economic turmoil could hit the real estate sector in all places, including the UAE. The visitors thronging the halls of Cityscape 2008 were greeted with tower upon tower.
With the announcement of new projects in Dubai, the total value of the projects developed in the city would touch Dh.1.3trillion, to be developed within next 10 years.
In the opinion of few experts, the global crisis may prompt more Arab money which has been invested in the US and Europe, to flow back into the region.
Dar Al Arkan's project was displayed on the 3rd day of Cityscape 2008. One of the most ambitious integrated luxury-mega resorts, the 'Boris Becker Beach Resort & Tennis Academy', was unveiled by the Tennis legend himself.
Vertical structures made a major presence at the Cityscape skyline along with record breaking project by Nakheel, and the Michael Schumacher World Champion Tower, the world's first wharf tower, in Abu Dhabi.
Leading developer ETA showcased few of its new projects on the third day of Cityscape exhibition. The Meydan project, with its world-class horse racing and leisure amenities at the Nad Al Sheba area was eye-catching for the visitors.
Aquintania, the property by Select Group on 'The World', was launched by Dutchess of York - Sarah Ferguson, in place of the earlier planned Oscar-winner Hilary Swank.
Dubai Municipality was honoured during the Cityscape Dubai 2008 awards, for carrying out outstanding renovation work on mosques of historic Shingadha, and for its renovation on Dubai’s Old Souq and the historic Bastakia and Deira.
Tamweel PJSC, the largest real estate finance provider in the UAE has met with considerably enthusiastic response for its finance offers at Cityscape Dubai 2008, with more than 470 property registrations completed right on the first day of the event, indicating the eagerness of the market for well-priced properties.
Tamweel had offered upto 90 percent finance for visitors who register for pre-approval facility at the company's exhibition stand, with no arrangement fee upon registration on few select Tamweel properties. The visitors responded strongly to this offer of Tamweel, despite the challenging conditions in the global market.
Several visitors have been flocking the halls of Dubai Convention Center, as the world's largest real estate development exhibition continues in full swing, planned to end today.
Projects worth about Dh.500bn were announced at the Cityscape exhibition held inDubai this week, although it is believed that more prominence has been laid on
high-end properties, neglecting the needs of the majority mid-income group.
With the announcement of new projects in Dubai, the total value of the projects developed in the city would touch Dh.1.3trillion, to be developed within next 10 years.
In the opinion of few experts, the global crisis may prompt more Arab money which has been invested in the US and Europe, to flow back into the region.
Dar Al Arkan's project was displayed on the 3rd day of Cityscape 2008. One of the most ambitious integrated luxury-mega resorts, the 'Boris Becker Beach Resort & Tennis Academy', was unveiled by the Tennis legend himself.
Vertical structures made a major presence at the Cityscape skyline along with record breaking project by Nakheel, and the Michael Schumacher World Champion Tower, the world's first wharf tower, in Abu Dhabi.
Leading developer ETA showcased few of its new projects on the third day of Cityscape exhibition. The Meydan project, with its world-class horse racing and leisure amenities at the Nad Al Sheba area was eye-catching for the visitors.
Aquintania, the property by Select Group on 'The World', was launched by Dutchess of York - Sarah Ferguson, in place of the earlier planned Oscar-winner Hilary Swank.
Dubai Municipality was honoured during the Cityscape Dubai 2008 awards, for carrying out outstanding renovation work on mosques of historic Shingadha, and for its renovation on Dubai’s Old Souq and the historic Bastakia and Deira.
Tamweel PJSC, the largest real estate finance provider in the UAE has met with considerably enthusiastic response for its finance offers at Cityscape Dubai 2008, with more than 470 property registrations completed right on the first day of the event, indicating the eagerness of the market for well-priced properties.
Tamweel had offered upto 90 percent finance for visitors who register for pre-approval facility at the company's exhibition stand, with no arrangement fee upon registration on few select Tamweel properties. The visitors responded strongly to this offer of Tamweel, despite the challenging conditions in the global market.
Several visitors have been flocking the halls of Dubai Convention Center, as the world's largest real estate development exhibition continues in full swing, planned to end today.
Labels: Cityscape, Property-show
Burooj Properties unveils Burooj Crystal development in Abu Dhabi
Thursday, October 09, 2008
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The project forms a part of a group of towers known as City of Light on Al Reem Island. Standing high at 184.85meters, it is one of the tallest among all other Burooj's projects on the island.
Burooj Properties, a subsidiary of Abu Dhabi Islamic Bank (ADIB) has unveiled a new project 'Burooj Crystal' at Al Reem Island. The announcement came during the ongoing Cityscape Dubai 2008 exhibition.
The project forms a part of a group of towers known as City of Light on Al Reem Island. Standing high at 184.85meters, it is one of the tallest among all other Burooj's projects on the island.
The 48 storey tower comprises about 322 apartments, ranging from studios to single, double and triple bedroom apartments. The waterfront development has the latest amenities management system, including automatic temperature control, lighting, air quality control, CCTV monitoring, waste disposal system, multi-purpose hall, 24-hour security, health club, indoor and outdoor swimming pools, steam room, sauna and gymnasiums.
Offering the comfort of living beyond the bustle of the city, Burooj Crystal also offers an elegant urban lifestyle. The project is aimed for those seeking high quality living, and those who appreciate the finer things in life, said Adel Ahmed Al Zarouni, Managing Director, Burooj Properties.
Labels: Al Reem Island, Cityscape
Cityscape Dubai 2008 successfully enters Day 3
Wednesday, October 08, 2008
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About 60,000 participants from over 150 countries had gathered in Dubai, to be a part of the world’s largest development exhibition and its associated conferences, which is expected to break all previous records. About 40,000 visitors flocked the Cityscape Dubai during the first two days of the show, which exceeds a total of three days of crowd gathering during last year's event.
The Cityscape Dubai 2008 was opened by the Crown Prince of Dubai, Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, on Monday at the Dubai International Exhibition Center.
About 60,000 participants from over 150 countries had gathered in Dubai, to be a part of the world’s largest development exhibition and its associated conferences, which is expected to break all previous records. About 40,000 visitors flocked the Cityscape Dubai during the first two days of the show, which exceeds a total of three days of crowd gathering during last year's event.
After touring the exhibition on its opening day, Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum spent a little time on the Sama Dubai stand. The Dh.350bn Jumeirah Gardens Project by Meraas Development was one of the big talking points on the first day of Cityscape.
An Aldar project from the Iskandar Financial District was also one of the many detailed models kept on display at the show. Even the Falcon City of Wonders project was much talked about, and was one of the many developments on display at the show.
On the whole, about $100bn worth of new projects were launched on Monday, the first day of Cityscape. However, this news failed to ignite investor confidence, as there were growing fears about the global credit crunch and the possible overheating of the local property market.
Starting from Dh.350bn beachfront project to a kilometer-high tower, the developers at the annual Cityscape exhibition in Dubai launched the usual series of mega-developments, which has been responsible for boosting the Gulf Arab Commercial hub to international fame.
While the Dubai mortgage lender Tamweel, announced plans to launch about Dh.2bn worth of Islamic bonds in 2009, the Sorouh Real Estate of Abu Dhabi announced that all its projects have been proceeding on track.
The CEO of Sorouh, Mounir Haidar, said "The UAE is not an isolated link from the global financial system. However, UAE enjoys a different dynamics. It is an emerging economy with strong demand. Its economic policy is encouraging for people to invest in the region." The Managing Director of Cityscape, Rohan Marwaha, said that due to considerable demand from the public, the Cityscape Dubai 2008 will be open for another hour every day until 8pm.
Well into its seventh year, the Cityscape Dubai 2008 is seeing visitors flocking in, despite market uncertainties in many regions.
"Cityscape Dubai is unique, in the sense that it is not a retail event, wherein people come in and buy individual properties. It is a true investor-level, international business-to-business show," said Marwaha.
Organized by IIR Middle East, the Cityscape Dubai is a flagship event of a brand developed in Dubai, which has gained international recognition. The major strength of Cityscape is the access that it has to few of the wealthiest and most liquid property investors in the world.
Cityscape 2008 is a four-day event, likely to end on Thursday, October 9 2008.
Labels: Cityscape, Latest News
Nakheel unveils plan for a new world's tallest tower
Tuesday, October 07, 2008
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Just a day prior to the launch of Cityscape Dubai 2008, the leading Dubai-based property developer Nakheel, announced plans to create a new record by building a tower that is about a kilometre in height, thereby competing with the friendly-rival Emaar Properties.
Just a day prior to the launch of Cityscape Dubai 2008, the leading Dubai-based property developer Nakheel, announced plans to create a new record by building a tower that is about a kilometre in height, thereby competing with the friendly-rival Emaar Properties.The tower will form a part of Dh.140bn project, which will include the world's first inner city harbour, an official of the company said.
Emaar's Burj Dubai, which is currently the tallest tower in the world, standing high over 630 metres, is likely to touch 900 metres on completion will be ready by early 2009. The company is yet to reveal the final height of the building.
A huge model of the structure was unveiled during a launch event on Sunday night, amidst the presence of Hollywood movie stars Michael Douglas and Catherine Zeta Jones.
The Chief Executive Chris O'Donnell of the Nakheel Harbour and Tower said that it will be an ambitious and innovative tower, which will be funded through a combination of private land sales and other project financing.
Located along the intersection of Sheikh Zayed Road and the $11bn Arabian Canal, currently under construction, it will cover an area of more than 270 hectares, and will be home to a population of 55000. It will include four towers in a single structure, connected by the sky bridges.
According to Nakheel the project will take about 10 years for completion, but few of these may come up a little earlier than expected. It will have about 19000 residential apartments, ranging from affordable family homes to exclusive penthouses.
The high-speed shuttle lifts will make way for visitors to enjoy the sunset from the bottom and again from the top of the tower.
Nakheel plans to build a 1200 meter high-tower is likely to come up along the Arabian Canal.
Labels: Cityscape, Latest News, Nakheel
Cityscape Dubai 2008 unveiled at Dubai International Exhibition Centre
Monday, October 06, 2008
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The world's largest business-to-business real estate development and investment event, the Cityscape Dubai, has finally opened today, with the confidence of success, despite the global economic gloom and negative forecasts being predicted for the Dubai property market.
The Managing Director of Cityscape, Rohan Marwaha, said "With the world facing market uncertainty, we enter a new era in which the Middle East developers are expected to maintain or even increase their presence across the world."
The intensity and scale of the iconic projects, is one of the most impressive property booms in modern history that has kept the UAE and Dubai in particular, on focus worldwide for most of the decade.
However, a report by the property consultants Colliers International stated that Dubai prices would drop by 16 percent during second quarter of 2008, and will remain flat until 2010, which came as bad news just prior to opening of the seventh Cityscape Dubai.
The report suggests that the Dubai market is due for a 10 to 20 percent correction, with the supply outstripping demand.
In the meanwhile, on the stock market front, the shares in Dubai's biggest publicly quoted developer, Emaar, dropped by another 12 percent.
However, irrespective of all this, Cityscape Dubai is confident about the turnout, and hopes to see about 1000 or more exhibitors over 75,000 square meters. According to the organizers of the show, this four-day event taking place at the Dubai International Convention and Exhibition Centre currently, will attract record numbers.
As a pre-exhibition booster, the leading Dubai-based developer Nakheel, on Sunday, announced plans to build a tower that is more than a kilometre in height, as a part of $38bn project, thereby keeping up the reputation of the emirate as the one with sky-high ambitions.
The Managing Director of Cityscape, Rohan Marwaha, said "With the world facing market uncertainty, we enter a new era in which the Middle East developers are expected to maintain or even increase their presence across the world."
The intensity and scale of the iconic projects, is one of the most impressive property booms in modern history that has kept the UAE and Dubai in particular, on focus worldwide for most of the decade.
However, a report by the property consultants Colliers International stated that Dubai prices would drop by 16 percent during second quarter of 2008, and will remain flat until 2010, which came as bad news just prior to opening of the seventh Cityscape Dubai.
The report suggests that the Dubai market is due for a 10 to 20 percent correction, with the supply outstripping demand.
In the meanwhile, on the stock market front, the shares in Dubai's biggest publicly quoted developer, Emaar, dropped by another 12 percent.
However, irrespective of all this, Cityscape Dubai is confident about the turnout, and hopes to see about 1000 or more exhibitors over 75,000 square meters. According to the organizers of the show, this four-day event taking place at the Dubai International Convention and Exhibition Centre currently, will attract record numbers.
As a pre-exhibition booster, the leading Dubai-based developer Nakheel, on Sunday, announced plans to build a tower that is more than a kilometre in height, as a part of $38bn project, thereby keeping up the reputation of the emirate as the one with sky-high ambitions.
Labels: Cityscape, Latest News, Property-show
Timelinks to offer Zigguarat - a unique pyramid shaped self sustained community
Friday, October 03, 2008
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The Dubai-based property developer Timelinks, also a pioneering environmental design company, is all set to tackle issues such as population growth in Gulf Cities, and issues such as infrastructure pressure and environment carbon neutral solutions, through its proposed eco-city, the Zigguarat project, hoped to cater to a population of one million by harnessing power of nature.
The unique pyramid-shaped city could support an entire community by employing a car-less environment with a transport system powered by solar energy, wind and steam. The carbon emissions within the city is hoped to be reduced by 90 percent.
Timelinks will employ natural renewable energy resources of solar, wind and steam making it completely self-sustainable. The building will have water channels, parks and lakes with climate zones that make it cooler at higher elevations.
The project unveils a whole load of benefits. The whole cities in the project can be accommodated in complexes which would occupy only less than 10 percent of original land surface. The private and public landscaping will be utilized for leisure pursuits or as agricultural land for irrigation.
The concept also promises better quality of life for its inhabitants. Biometrics would provide security with facial recognition technology.
The concept also promises better quality of life for its inhabitants. Biometrics would provide security with facial recognition technology.
Zigguarat will take a new path towards harmonizing architecture and technology without affecting the environment, while also catering to needs of every individual.
The Zigguarat project will be unveiled during the forthcoming Cityscape Dubai 2008 due to be held at the Dubai International Exhibition Center between the 6th and 9th October 2008.
Timelinks has already patented the technology and design incorporated in the project, and has sought for granting of technical projects from the European Union. Several eminent professors from Europe will explain the technicalities of how the Zigguarat project works and how these communities could be integrated in master projects.
Labels: Cityscape, Community, Environment-friendly
Mada'in Properties to unveil series of prime projects at Cityscape Dubai
Wednesday, October 01, 2008
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UAE's Shariah-compliant property developer, Mada’in Properties has announced that will hold an exclusive preview of prime properties located in three major districts in Dubai at the forthcoming Cityscape Dubai. The event will be held at Dubai International Exhibition Center between the 6th and 9th October 2008.
The three prime properties -Bay Terrace in Business Bay area, The H Tower in Al Meydan City and The Rubix in Dubai World Central will be the main focus of the presentation by Mada'in Properties at the double-deck exhibition area at Zabeel Hall.
The Bay Terrace is the third project to be launched by Mada’in Properties following Marina Arcade and The Domain, which depicts elegance and excellence reflected in its lavishly done apartment units, duplexes and penthouses, all incorporated within the 21 storey, completely equipped tower facility.
Spreading across a total built-up area of 168,445 square feet, Bay Terrace offers a range of single, double and triple bedroom apartments, and duplex-type accommodations, and penthouses at the top storeys., apart from amenities such as a roof garden, indoor and outdoor swimming pools, fitness centers for men and women, and ample parking spaces.
The H Tower and Rubix signify a new series of lifestyle projects that emphasize the distinct signature touch in design concept and include fine detail.
The Rubix project is a residential development comprising three buildings and unique Grand Plaza at the ground floor. Spreading across an area of 370,000 square feet, the project offers studios, single and double bedroom apartments, along with amenities such as swimming pools, fitness centers, parking spaces at the basement and several other necessary amenities.
The H Tower covers a total built-up area of 452,064 square feet and is a mixed-use development of 10 storey office tower and 23 storey residential tower comprising single, double and triple bedroom apartments, duplexes and penthouses on the top floors. The tower also includes a retail area on the ground level, apart from a range of leisure and fitness amenities for men and women, and ample parking space distributed at various levels.
"Amidst the ongoing rush of properties sweeping through the UAE market, Mada'in Properties has remained committed to its strategy to develop distinct and unique properties that offer true investment value to its investors and deliver key lifestyle benefits to end-users," said Abdul Aziz Al Awar, CEO, Mada'in Properties.
"We are thus pleased to display the major features of all our major projects -Bay Terrace, H tower and the Rubix that form vital additions to our high-profile portfolio, and form the leading properties in the most exclusive districts in Dubai," he added.
The three prime properties -Bay Terrace in Business Bay area, The H Tower in Al Meydan City and The Rubix in Dubai World Central will be the main focus of the presentation by Mada'in Properties at the double-deck exhibition area at Zabeel Hall.
The Bay Terrace is the third project to be launched by Mada’in Properties following Marina Arcade and The Domain, which depicts elegance and excellence reflected in its lavishly done apartment units, duplexes and penthouses, all incorporated within the 21 storey, completely equipped tower facility.
Spreading across a total built-up area of 168,445 square feet, Bay Terrace offers a range of single, double and triple bedroom apartments, and duplex-type accommodations, and penthouses at the top storeys., apart from amenities such as a roof garden, indoor and outdoor swimming pools, fitness centers for men and women, and ample parking spaces.
The H Tower and Rubix signify a new series of lifestyle projects that emphasize the distinct signature touch in design concept and include fine detail.
The Rubix project is a residential development comprising three buildings and unique Grand Plaza at the ground floor. Spreading across an area of 370,000 square feet, the project offers studios, single and double bedroom apartments, along with amenities such as swimming pools, fitness centers, parking spaces at the basement and several other necessary amenities.
The H Tower covers a total built-up area of 452,064 square feet and is a mixed-use development of 10 storey office tower and 23 storey residential tower comprising single, double and triple bedroom apartments, duplexes and penthouses on the top floors. The tower also includes a retail area on the ground level, apart from a range of leisure and fitness amenities for men and women, and ample parking space distributed at various levels.
"Amidst the ongoing rush of properties sweeping through the UAE market, Mada'in Properties has remained committed to its strategy to develop distinct and unique properties that offer true investment value to its investors and deliver key lifestyle benefits to end-users," said Abdul Aziz Al Awar, CEO, Mada'in Properties.
"We are thus pleased to display the major features of all our major projects -Bay Terrace, H tower and the Rubix that form vital additions to our high-profile portfolio, and form the leading properties in the most exclusive districts in Dubai," he added.
Labels: Cityscape, Property-show
Dubai Properties to launch Dh.40bn Mudon development at Cityscape
Tuesday, September 30, 2008
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Dubai Properties, a subsidiary of Dubai Properties Group (DPG) has announced that it will release details about its new projects and display existing developments at Cityscape 2008, one of the largest business-to-business realty investments and development events in the world.
One of the developments to be released during the event is the Dh.40bn Mudon master development, which will be displayed on one of the stands of Dubai properties. The first phase of Mudon, the 348 Cairo Townhouses will be made available for sale during the event.
The Mudon Cairo Townhouses are a cluster of two storey, four-bedroom villas, covering 1.4mn square foot of space within the Cairo section of the project. Each villa would include a garage for two cars, a garden and patio and the first-floor terrace. The project will be complete in 2010.
The Deputy CEO of Dubai Properties, Yaqoob Al Zarooni, said that Dubai Properties is eagerly looking for participation at this edition of Cityscape Dubai. Cairo Townhouses, the first aspect of Mudon is an exciting project, sure to attract major investor interest, and Cityscape is the right time and place to launch it onto the market.
The Cityscape Dubai 2008 exhibition has been scheduled to be held between the 6th and 9th October at the Dubai International Exhibition Center (DIEC). It is the seventh edition of Cityscape Dubai, and will bring together industry professionals including investors, property developers, government and property development authorities, designers, architects and consultants from over 130 countries.
With several unique developments such as the Culture village, Business Bay, Tijara Town, The Villa and now the Mudon to its credit, the Dubai Properties is all set to become a Dh.1trillion master developer.
Labels: Cityscape, Townhouses
Canal Residence West at the Dubai Sports City all set for launch
Wednesday, September 24, 2008
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Dubai Sports City (DSC), the first integrated sports city, will release the fifth and final building of its signature Mediterranean style real estate development, Canal Residence West, at Cityscape Dubai 2008.
The Canal Residence West is located in the heart of vibrant downtown district, across the waterway, is designed to offer residents with everything they would require in terms of recreation, facilities and entertainment.
With stunning views of the Els Club Golf Course and the canal, each of the buildings offers a range of amenities, including children play area, swimming pools, health clubs and outdoor landscaped barbeque area.
Apart from studios, single, double, triple bedroom and terrace apartments, duplexes and penthouses, the Canal Residence West has been designed to accommodate everyone from singles to large families, and has been appealing to local and international buyers.
Residents can enjoy access to tree-lined promenade running through the length of the canal, accommodating upscale restaurants, cafes and boutiques, apart from sport and leisure activities.
This Arabian-inspired residence will be open to investors for off-plan purchase fro 6th October.
Khalid al Zarooni, the President, Dubai Sports City, stated that considerable investment and research has been deployed to ensure a balance that enhances the lifestyle of Dubai Sports City's residents. A positive atmosphere, thriving community and access to green spaces have all been carefully thought about and considered.
The Dubai Sports City includes international schools, medical facilities, playgrounds, Arena Mall, hotels, the largest retail destination in the city, and emergency services, making it a perfect fit for community lifestyle.
The sports amenities incorporated within the city are Next Generation Clubs, state-of-the-art stadia, world class sports and entertainment venues, apart from internationally-renowned sports academies such as the Manchester United Soccer Schools.
The residential and commercial properties at the Dubai Sports City will all be displayed during the upcoming Cityscape Dubai 2008 on stand 7G20.
Labels: Cityscape, Dubai Sports City
Cityscape Dubai 2008 likely to see active participation from global investors
Friday, September 12, 2008
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The Cityscape Dubai 2008, due to take place between the 6th and 9th of October will display the potency of the UAE real estate market and its immunity towards global property recession during the coming month.
Cityscape Dubai is likely to break new records this year with more than 60,000 participants from about 150 countries attending to conferences and exhibitions, due to be held at the Dubai International Exhibition Center.
The event will begin with the Real Estate Leadership Strategy Summit, gathering the efficient real estate investors from around the world to address trends, strategies, opportunities in the global market place.
The International Real Estate Investment and Development Conference, Cityscape Dubai's main conference, will feature world-class speakers for three days of analysis of the macro-economics of realty development and financing options.
Cityscape Dubai is likely to break new records this year with more than 60,000 participants from about 150 countries attending to conferences and exhibitions, due to be held at the Dubai International Exhibition Center.
The event will begin with the Real Estate Leadership Strategy Summit, gathering the efficient real estate investors from around the world to address trends, strategies, opportunities in the global market place.
The International Real Estate Investment and Development Conference, Cityscape Dubai's main conference, will feature world-class speakers for three days of analysis of the macro-economics of realty development and financing options.
Labels: Cityscape, Property-show
Timelinks to unveil a new pyramid-shaped project at Cityscape Dubai
Friday, August 22, 2008
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Timelinks, the Dubai-based environmental design company, will launch a city of the future, during the upcoming Cityscape Dubai.
The event will be held between the 6th and 9th October at the Dubai International Exhibition Center.
The City, called Ziggurat project, will be shaped in the form of a futuristic pyramid, supporting the entire community, comprising a population of one million, by harnessing the power of nature.
The Managing Director of Timelinks, Ridas Matonis, agrees that Ziggurat communities can be 100 percent self-sufficient in terms of energy. Apart from utilizing the steam power, the building will also employ the wind turbine technology, to exploit natural energy resources.
The Pyramid tower which spreads across 2.3 square kilometer has several other advantages to its credit. The cities can be accommodated in complexes, which will take up only less than 10 percent of the original land space. The private and public landscaping can be used for leisure pursuits or can be irrigated as agricultural land.
"In case these projects were realized, the world will get to witness communities that are sustainable, environment-friendly and in sync with nature's surroundings. The concept will also give a better quality of life for inhabitants. Transportation within the complex will be carried out through an integrated 360 degree network, so that cars would be redundant," said Matonis.
Timelinks has already planned the design and technology to be incorporated into the project. A number of eminent professors from Europe will be available to explain the technicalities of the Ziggurat project works, and the manner in which these communities could be integrated into the master projects.
Labels: Cityscape, Environment-friendly, Real Estate Projects
Dubai all set to stage biggest ever Cityscape exhibition
Thursday, July 17, 2008
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Dubai is all set to host, what is termed as, the 'biggest-ever', Cityscape property exhibition, during later half of this year, with about 60,000 industry professionals and 1000 exhibitors.
The business-to-business real estate investment and development exhibition will feature industry pioneers and include five conferences.
The prestigious architectural awards will be one of the major attractions in the event, which has been extended for four days fro 6th to 9th October, in a space of 75,000 square meters, close to Dubai International Exhibition Center's capacity.
The event has grown during the past two years by 25 percent and 27 percent respectively, with this year being the biggest in terms of exhibition space and also in terms of participants.
The exhibition features 849 exhibitors, 51,855 industry professionals, all taking part from 136 countries. Besides the Cityscape Dubai Conference, the event will include Real Estate Leadership Strategy Facilities and Asset Management, World Architectural Conferences, Hotel and Tourism Investment and Development.
Regional pioneers such as Aldar Properties, Nakheel, Qatari Diar, Saraya Holdings, Tanmiyat Group, Abyaar Real Estate Development, Tameer, Al Qudra Real Estate, Aqaba Development Corportation, and Mag property Development have all signed up as sponsors of the event.
The Architectural Awards will be based on the theme 'Design for an Emerging World', and excellence will be rewarded in the field in emerging regions of the Middle East, Gulf, Africa, Asia and subcontinent and Australasia (except New Zealand, Australia and Japan) and Latin America.
The business-to-business real estate investment and development exhibition will feature industry pioneers and include five conferences.
The prestigious architectural awards will be one of the major attractions in the event, which has been extended for four days fro 6th to 9th October, in a space of 75,000 square meters, close to Dubai International Exhibition Center's capacity.
The event has grown during the past two years by 25 percent and 27 percent respectively, with this year being the biggest in terms of exhibition space and also in terms of participants.
The exhibition features 849 exhibitors, 51,855 industry professionals, all taking part from 136 countries. Besides the Cityscape Dubai Conference, the event will include Real Estate Leadership Strategy Facilities and Asset Management, World Architectural Conferences, Hotel and Tourism Investment and Development.
Regional pioneers such as Aldar Properties, Nakheel, Qatari Diar, Saraya Holdings, Tanmiyat Group, Abyaar Real Estate Development, Tameer, Al Qudra Real Estate, Aqaba Development Corportation, and Mag property Development have all signed up as sponsors of the event.
The Architectural Awards will be based on the theme 'Design for an Emerging World', and excellence will be rewarded in the field in emerging regions of the Middle East, Gulf, Africa, Asia and subcontinent and Australasia (except New Zealand, Australia and Japan) and Latin America.
Labels: Cityscape, Dubai Real Estate, Property-show
Cityscape Abu Dhabi to be held in May 2008 for the second successive year
Sunday, April 27, 2008
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The premier real estate development and investment showcase in the Cityscape Abu Dhabi will be held between the 13th and 15th May 2008 at the Abu Dhabi Exhibition Center.
With more than 30,000 square meters of exhibition space and more than 300 exhibitors, there is a waiting list of potential exhibitors waiting for last minute cancellations, reveals the organizers at the IIR Middle East.
This is for the second consecutive year that Cityscape Abu Dhabi is being held under the patronage of H.H. General Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces.
This year's event is expected to draw more than 25000 visitors from more than 100 countries, with exhibitors from more than 50 different countries participating in the event.
Abu Dhabi is playing the lead role in sustainable development with over $327 billion worth of projects proposed, planned or under construction. (Dh 70bn worth projects launched 2007 Cityscape Dubai.
The Project Manager of Cityscape Abu Dhabi, Mark Goodchild said "We are honored by the patronage of HH Sheikh Mohammed. The event emphasizes the importance of real estate market in Abu Dhabi and highlights the proactive support of the capital towards a sustainable industry. The Cityscape Abu Dhabi can play a major role in binding regional and international industry professionals together."
To further complement the exhibition, two parallel conferences are organized on sustainable development and real estate investment and finance. The conference will focus on leading real estate developers, architects, designers and contractors who discuss new ways to design and build sustainable buildings.
The conference will bring together leading property developers, investors, fund groups, bankers and other professionals who are keen to embrace a more transparent real estate property market throughout the region.
Labels: Cityscape, Property-show
ALDAR draws high customer interest at Cityscape Dubai 2007
Sunday, October 28, 2007
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Leading Abu Dhabi developer, ALDAR Properties, has been receiving good feedback from the visitors who gathered at the Cityscape Dubai 2007 property exhibition.
According to statistics received so far, there has been a major demand for Khor Al Raha and Al Bandar, the two realty projects that were showcased at the exhibition. The registered booking confirmation for Khor Al Raha touched more than Dh.750million, and another Dh.300million worth bookings were from investors for land plots.
ALDAR is the Platinum sponsor of Cityscape Dubai 2007 that focuses on the property boom in UAE. ALDAR has a rich portfolio that includes Coconut Island, Al Raha Beach, Al Gurm Resort, Noor Al Ain, and Al Mamoura, including the YAS Island Project.
The CEO of ALDAR, Ronald Barott expressing his pleasure over the level of customer interest shown towards ALDAR's projects, mentioned that this demonstrates the confidence and trust that people have posed on ALDAR to deliver quality properties that meet international standards.
According to statistics received so far, there has been a major demand for Khor Al Raha and Al Bandar, the two realty projects that were showcased at the exhibition. The registered booking confirmation for Khor Al Raha touched more than Dh.750million, and another Dh.300million worth bookings were from investors for land plots.
ALDAR is the Platinum sponsor of Cityscape Dubai 2007 that focuses on the property boom in UAE. ALDAR has a rich portfolio that includes Coconut Island, Al Raha Beach, Al Gurm Resort, Noor Al Ain, and Al Mamoura, including the YAS Island Project.
The CEO of ALDAR, Ronald Barott expressing his pleasure over the level of customer interest shown towards ALDAR's projects, mentioned that this demonstrates the confidence and trust that people have posed on ALDAR to deliver quality properties that meet international standards.
Labels: Aldar, Cityscape, Latest News
Al Qudra announces plans to launch a leisure-cum-healthcare community Ain Al Faydah
Wednesday, October 24, 2007
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A subsidiary of Al Qudra Holding, Al Qudra Real Estate, has exhibited Ain Al Faydah, a leisure and healthcare community development in the Dubai Cityscape exhibition 2007. Ain Al Faydah is the first destination of well-being in the region, with a focus aimed towards combining leisure and healthcare with a mix of recreation, residential, retail and tourism.
Located at the base of Al Ain, Ain Al Faydah is the perfect setting for wellness amenities such as anti-aging oasis, rehabilitation center, holistic healthcare, postgraduate medical and paramedical education facility, wellness center and a list of available healthcare services. Majority of the development constitutes the residential segment, which is expected to draw expatriates and UAE nationals, alike, who are in search of balanced lifestyle.
The Al Qudra CEO and General Manager, Victor Orth, revealed that at present Al Qudra is working on various projects that meet the requirements of UAE residents. Ain Al Faydah is one such project, that combines tourism, healthcare, residential and retail sectors, all within a single community. The layout and amenities in the development form a one-stop destination for those desiring a healing and peaceful present-day community.
Located at the base of Al Ain, Ain Al Faydah is the perfect setting for wellness amenities such as anti-aging oasis, rehabilitation center, holistic healthcare, postgraduate medical and paramedical education facility, wellness center and a list of available healthcare services. Majority of the development constitutes the residential segment, which is expected to draw expatriates and UAE nationals, alike, who are in search of balanced lifestyle.The Al Qudra CEO and General Manager, Victor Orth, revealed that at present Al Qudra is working on various projects that meet the requirements of UAE residents. Ain Al Faydah is one such project, that combines tourism, healthcare, residential and retail sectors, all within a single community. The layout and amenities in the development form a one-stop destination for those desiring a healing and peaceful present-day community.
Labels: Al-Ain, Cityscape, Community, Real Estate Projects
Active Realty Projects in Gulf region crosses $1trillion mark
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According to recent reports on current active realty projects in the region, the Arabian Gulf real estate construction boom has crossed the $1trillion mark.
The scale of new developments in the GCC countries of Oman, Qatar, Saudi Arabia, UAE and Bahrain has been quite impressive. As per data from Proleads, the Dubai-based research company, there are about 885 active civil building projects in the region on the whole, with values of more than $10million each.
The total value of the real estate projects alone, covering more than $1trillion, includes commercial and residential sectors, educational establishments, cinemas, theatres, healthcare facilities, sports facilities, theme parks, hotels and mixed-use and retail developments. Among the active projects that have been included in the reports are those in which there has been some amount of study, planning, designing, construction or bidding. The report excludes buildings that are already complete and those that are in conceptual stage.
During the recent Cityscape 2007, the biggest business-to-business real estate show in Dubai, the Saudi Arabia and UAE accounted for lion's share of civil building developments. The UAE alone recorded a total of 390 projects, with a total value of more than $430billion. This was followed by Saudi Arabia with 330 projects worth $409 billion.
Among the top five active civil projects in the GCC worth more than $358billion are:
The scale of new developments in the GCC countries of Oman, Qatar, Saudi Arabia, UAE and Bahrain has been quite impressive. As per data from Proleads, the Dubai-based research company, there are about 885 active civil building projects in the region on the whole, with values of more than $10million each.
The total value of the real estate projects alone, covering more than $1trillion, includes commercial and residential sectors, educational establishments, cinemas, theatres, healthcare facilities, sports facilities, theme parks, hotels and mixed-use and retail developments. Among the active projects that have been included in the reports are those in which there has been some amount of study, planning, designing, construction or bidding. The report excludes buildings that are already complete and those that are in conceptual stage.
During the recent Cityscape 2007, the biggest business-to-business real estate show in Dubai, the Saudi Arabia and UAE accounted for lion's share of civil building developments. The UAE alone recorded a total of 390 projects, with a total value of more than $430billion. This was followed by Saudi Arabia with 330 projects worth $409 billion.
Among the top five active civil projects in the GCC worth more than $358billion are:
- The King Abdullah Economic City in Saudi Arabia worth $120 billion
- Kuwait's Silk City project worth $86 billion
- Dubai Investment's Dubailand worth $60 billion
- The Prince Abdulaziz Bin Mousaed Economic City in Saudi Arabia worth $53 billion
- Abu Dhabi's Yas Island development worth $39 billion
Labels: Cityscape, Latest News, Real Estate News, Real Estate Projects
Projects worth Dh.70b launched at Cityscape Dubai 2007
Monday, October 22, 2007
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The largest real estate exhibition in the region, Cityscape Dubai 2007, concluded on 18th, with projects worth Dh.70billion being announced, according to information from sources.
This is inclusive of the Dh.40billion Mudon project by Dubai Properties, Remraam project worth Dh.15billion by Mizin, an arm of Tatweer. Apart from this, there were numerous small announcements being made during the three-day event, making it a grand success.
Towards mid-day of last day, the number of visitors crossed 34,000. On an average a minimum of 50,000 visitors, exhibitors and participants thronged the show.
The Middle Eastern developers, who look to expand and diversify their interests beyond the region, could use a new report commissioned by Cityscape Market Intelligence Service (CMIS) launched at Cityscape Dubai.
This is inclusive of the Dh.40billion Mudon project by Dubai Properties, Remraam project worth Dh.15billion by Mizin, an arm of Tatweer. Apart from this, there were numerous small announcements being made during the three-day event, making it a grand success.Towards mid-day of last day, the number of visitors crossed 34,000. On an average a minimum of 50,000 visitors, exhibitors and participants thronged the show.
The Middle Eastern developers, who look to expand and diversify their interests beyond the region, could use a new report commissioned by Cityscape Market Intelligence Service (CMIS) launched at Cityscape Dubai.
Labels: Cityscape, Dubai Real Estate, Property-show
Saraya to launch sales of its major projects at Cityscape Show
Wednesday, October 17, 2007
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The up-coming Cityscape event in Dubai, will see Saraya Islands launch the sale of its two new upcoming projects, 'Saraya Village' and 'Al Marsa Island'.
Saraya will also reveal the latest developments happening in the company at its stand at the expo, expected to take place from the 16th to 18th October in Dubai. The Saraya Islands will be developing four distinct islands- Al-Boum, Al-Sahab, Al-Marsa and Al-Wahat, and a mainland village, the Saraya Village.
Saraya Island project will occupy a 5.5kms long natural island forming a Lagoon, bordered by the islands and its corresponding mainland site which is nearly 16 hectares. The unique landscape offers impressive mountain view, and two different waterfront experiences.
The project stands on an area of nearly 1.4million square meters, out of which, 65 percent will be developed, and 35 percent will be dedicated to common landscaped areas, beaches and open air activities.
Saraya Islands will be located in Ras Al Khaimah, between the Arabian Gulf Waters and Hajjar mountain series. The island provides all forms of luxury to meet the needs and expectations of tourists and residents.
Saraya will offer modern accommodations that range from high-end villas, lagoon view townhouses, terraced apartments, palatial villas, exotic bungalows, world-class themed hotels, serviced residential units, luxury spas and retreats, private and semi-private gardens, high quality retail, entertainment outlets and restaurants, amusement water park, pedestrian roads and bridges, walking and bicycle trails, amphitheatre and a marina.
Saraya will also reveal the latest developments happening in the company at its stand at the expo, expected to take place from the 16th to 18th October in Dubai. The Saraya Islands will be developing four distinct islands- Al-Boum, Al-Sahab, Al-Marsa and Al-Wahat, and a mainland village, the Saraya Village.
Saraya Island project will occupy a 5.5kms long natural island forming a Lagoon, bordered by the islands and its corresponding mainland site which is nearly 16 hectares. The unique landscape offers impressive mountain view, and two different waterfront experiences.
The project stands on an area of nearly 1.4million square meters, out of which, 65 percent will be developed, and 35 percent will be dedicated to common landscaped areas, beaches and open air activities.
Saraya Islands will be located in Ras Al Khaimah, between the Arabian Gulf Waters and Hajjar mountain series. The island provides all forms of luxury to meet the needs and expectations of tourists and residents.
Saraya will offer modern accommodations that range from high-end villas, lagoon view townhouses, terraced apartments, palatial villas, exotic bungalows, world-class themed hotels, serviced residential units, luxury spas and retreats, private and semi-private gardens, high quality retail, entertainment outlets and restaurants, amusement water park, pedestrian roads and bridges, walking and bicycle trails, amphitheatre and a marina.
Labels: Cityscape, New Developments, Ras Al Khaima, Real Estate Projects, Saraya-Islands
Al Fara'a to launch apartment complex 'The Manhattan' at Jumeirah Village
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The subsidiary of Al Fara'a Construction Group, Al Fara'a Properties, has announced plans to launch the Dh.353mn luxury apartment complex, 'The Manhattan', at the Jumeirah Village, during the coming Cityscape Dubai 2007.
This latest venture by Al Fara'a Properties is coincidental with their participation at Cityscape Dubai, the largest real estate event pertaining to investments and developments in the region, due to be held between the 16th and 18th of October, 2007 at the Dubai International Exhibition Center.
The developer is also expected to reveal details about their partnership with the Abu Dhabi Commercial Bank (ADCB) and the Emirates Islamic Bank (EIB), wherein investors get to avail their flexible payment plans with a maximum of 90% finance.
'The Manhattan' in Jumeirah Village draws inspiration from the urban residence during 1930's in New York, with about 355 elegant units, comprising studio, single bedroom, double bedrooms and triple bedroom apartments with high-end finishing, in a variety of styles.
The Chairman and Managing Director of Al Fara'a Construction Group, Gangaramani, said "This is a premium site easily accessible to Dubai Commercial Centers and other finest attractions. 'The Manhattan' will live up to our corporate ethos, while also building excellence through partnerships, offering urban convenience, privacy, luxury and access to first-class road networks, amenities and planned Dubai metro."
The Jumeirah Village is a luxurious and secure community with a wide range of facilities for leisure and retail, which includes, clubs, schools, medical centers, sports, promenades, parks, scenic trails, gardens and tranquil waterways, all located at the core of Dubai's commercial district.
Al Fara'a Properties brings with them solid 27 years of expertise in offering quality-bound construction solutions in UAE, apart from indulging in leasing, property purchase and sales, development and management, investment portfolio, corporate client consultancy and facilities management.
This latest venture by Al Fara'a Properties is coincidental with their participation at Cityscape Dubai, the largest real estate event pertaining to investments and developments in the region, due to be held between the 16th and 18th of October, 2007 at the Dubai International Exhibition Center.The developer is also expected to reveal details about their partnership with the Abu Dhabi Commercial Bank (ADCB) and the Emirates Islamic Bank (EIB), wherein investors get to avail their flexible payment plans with a maximum of 90% finance.
'The Manhattan' in Jumeirah Village draws inspiration from the urban residence during 1930's in New York, with about 355 elegant units, comprising studio, single bedroom, double bedrooms and triple bedroom apartments with high-end finishing, in a variety of styles.
The Chairman and Managing Director of Al Fara'a Construction Group, Gangaramani, said "This is a premium site easily accessible to Dubai Commercial Centers and other finest attractions. 'The Manhattan' will live up to our corporate ethos, while also building excellence through partnerships, offering urban convenience, privacy, luxury and access to first-class road networks, amenities and planned Dubai metro."
The Jumeirah Village is a luxurious and secure community with a wide range of facilities for leisure and retail, which includes, clubs, schools, medical centers, sports, promenades, parks, scenic trails, gardens and tranquil waterways, all located at the core of Dubai's commercial district.
Al Fara'a Properties brings with them solid 27 years of expertise in offering quality-bound construction solutions in UAE, apart from indulging in leasing, property purchase and sales, development and management, investment portfolio, corporate client consultancy and facilities management.
Labels: Apartments, Cityscape, Jumeriah Village, Luxury Homes, New Developments
BV International to unveil world's most luxurious floating residences at Cityscape Dubai 2007
Tuesday, October 16, 2007
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Buyers will soon be able to own homes on a luxury ship, which could sail to all locations, including Antartica and Amazon, and attend the Monaco Grand Prix or the London Olympics, the cost of which would be equivalent to nearly 2000 years rent in a Bur Dubai apartment, reports Gulf News.
BV International Ocean Holdings Limited will launch a scale model of the 719 foot vessel during the Dubai Cityscape exhibition on 16th to 18th October 2007. The company is expecting a strong reaction from the Middle East to the 112 luxury homes, the prices of which range from Dh.15.69mn for a single bedroom apartment to Dh.52.30mn for a triple bedroom. Penthouses are limited in numbers, with prices ranging from Dh.57.5mn to Dh.155.69mn for a multi-floor penthouse. The sizes of the residence would range from 800 sq ft to approximately 8000 sq. ft.
The 13-deck ship will move around the glob maintaining an average cruising speed of 18.5 knots, visiting cosmopolitan centers and anchoring near remote locations that are accessible only to a limited number of smaller yachts.
The residences on board that are hundred percent furnished, are designed to the standards of Four Seasons Hotel and Resorts, which was also launched by BV International. The residences will be designed by Tillberg Design, the company behind the development 'Queen Mary 2'.
Major features on board include four restaurants, fitness rooms and spas, a gourmet, a casino, business center with video conferencing and meeting rooms, a helipad, a wine cellar, golf simulator, putting greens, a retractable marina that provides ship to shore services, launch of jet skis or sailboats and scuba expeditions.
The first journey has been scheduled for 2010. The initial two years will have a fixed itinerary that covers the Amazon and Antartica, the Grand Prix in Monaco and the 2012 Olympics in London.
The company mentioned that its target clientele are people who are extremely successful and are at the high-end of social scale, and would like to treat themselves to the ultimate travel and luxury. The company is expecting atleast five percent sales from the Middle East market.
The project is due for completion and delivery in 2010.
BV International Ocean Holdings Limited will launch a scale model of the 719 foot vessel during the Dubai Cityscape exhibition on 16th to 18th October 2007. The company is expecting a strong reaction from the Middle East to the 112 luxury homes, the prices of which range from Dh.15.69mn for a single bedroom apartment to Dh.52.30mn for a triple bedroom. Penthouses are limited in numbers, with prices ranging from Dh.57.5mn to Dh.155.69mn for a multi-floor penthouse. The sizes of the residence would range from 800 sq ft to approximately 8000 sq. ft.
The 13-deck ship will move around the glob maintaining an average cruising speed of 18.5 knots, visiting cosmopolitan centers and anchoring near remote locations that are accessible only to a limited number of smaller yachts.
The residences on board that are hundred percent furnished, are designed to the standards of Four Seasons Hotel and Resorts, which was also launched by BV International. The residences will be designed by Tillberg Design, the company behind the development 'Queen Mary 2'.
Major features on board include four restaurants, fitness rooms and spas, a gourmet, a casino, business center with video conferencing and meeting rooms, a helipad, a wine cellar, golf simulator, putting greens, a retractable marina that provides ship to shore services, launch of jet skis or sailboats and scuba expeditions.
The first journey has been scheduled for 2010. The initial two years will have a fixed itinerary that covers the Amazon and Antartica, the Grand Prix in Monaco and the 2012 Olympics in London.
The company mentioned that its target clientele are people who are extremely successful and are at the high-end of social scale, and would like to treat themselves to the ultimate travel and luxury. The company is expecting atleast five percent sales from the Middle East market.
The project is due for completion and delivery in 2010.
Labels: Cityscape, International, Luxury Homes
Dubai Properties to unveil two new projects at Cityscape Dubai 2007
Sunday, October 14, 2007
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Leading real estate developer, Dubai Properties, has announced their plans to unveil two new real estate projects in Dubailand and Business Bay, costing Dh.40 billion, during the Cityscape Dubai 2007, the largest mega-event pertaining to business and property in the region.
Dubai Properties will showcase its signature developments, including the Executive Towers, Business Bay Vision Tower, The Villa and the freehold residential community in Mediterranean Style, and the Al Waha Villas in Dubailand.
The CEO of Dubai Properties, Mohamed Binbrek, said "Cityscape is a valuable platform for the real estate sector. The participation will help us network with international investors and serious buyers. The event will also be an ideal opportunity for visitors to gain information on the recent sales offerings in our flagship products."
This is the sixth year of the Cityscape show, and this year, about 45,000 or more international and regional investors, governmental and development authorities, real estate developers, consultants, designers, leading architects and senior industry professionals are expected from more than 120 countries.
The Dubai Properties is participating in the show for the fourth consecutive year, this year. The Cityscape Dubai 2007 has been scheduled from 16th October to 18th October 2007 at the Dubai International Convention and Exhibition Center.
Dubai Properties will showcase its signature developments, including the Executive Towers, Business Bay Vision Tower, The Villa and the freehold residential community in Mediterranean Style, and the Al Waha Villas in Dubailand.The CEO of Dubai Properties, Mohamed Binbrek, said "Cityscape is a valuable platform for the real estate sector. The participation will help us network with international investors and serious buyers. The event will also be an ideal opportunity for visitors to gain information on the recent sales offerings in our flagship products."
This is the sixth year of the Cityscape show, and this year, about 45,000 or more international and regional investors, governmental and development authorities, real estate developers, consultants, designers, leading architects and senior industry professionals are expected from more than 120 countries.
The Dubai Properties is participating in the show for the fourth consecutive year, this year. The Cityscape Dubai 2007 has been scheduled from 16th October to 18th October 2007 at the Dubai International Convention and Exhibition Center.
Labels: Cityscape, New Developments, Property-show, Real Estate Company, Real Estate Projects
ETA Star to unveil its first master development project La Italia at the Cityscape 2007
Friday, October 12, 2007
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ETA Star, the major property developer in UAE, is expected to display its first master development project, La Italia, worth Dh.2.5billion, at the Cityscape 2007 show. The Cityscape show will be held between the 16th and 18th of October, at the Dubai International Exhibition Center.
La Italia is an authentic Italian themed residential community expected to be launched at the FalconCity of Wonders, Dubailand. According to sources, La Italia will comprise of low-rise, traffic-free residences in the Rome, London and Venice clusters.
Apart from La Italia master development, ETA Star will showcase its other recent projects, such as Center Court located at Jumeirah Village South, and a mixed-use development projects currently in its initial stages in Oman and Muscat. Center Court is a mixed-use project with retail and residential units that form a private community, which will render an unmatched quality of life with a serene atmosphere for family living.
On the whole, projects worth Dh.5 billion will be displayed at the ETA Cityscape stall.
The Executive Director of ETA Star, Abid Junaid, said "We aim to showcase the flagship project of ETA at this prestigious event. We believe that there would be not better platform to showcase our first ever master development project, than Cityscape, The event has been an excellent marketing platform for developers like us, as it allows us to interact with international and regional investors and developers."
Cityscape is an ideal platform for local property developers to showcase their projects, acting as window to potential investors from around the world, to catch a glimpse of the booming property market. The mega-event offers a view of future landscape in Dubai.
Currently, ETA Star is developing several millions of Square Feet of property across several countries in Middle East, UAE, India, Qatar, Turkey and South-East Asia.
La Italia is an authentic Italian themed residential community expected to be launched at the FalconCity of Wonders, Dubailand. According to sources, La Italia will comprise of low-rise, traffic-free residences in the Rome, London and Venice clusters.
Apart from La Italia master development, ETA Star will showcase its other recent projects, such as Center Court located at Jumeirah Village South, and a mixed-use development projects currently in its initial stages in Oman and Muscat. Center Court is a mixed-use project with retail and residential units that form a private community, which will render an unmatched quality of life with a serene atmosphere for family living.
On the whole, projects worth Dh.5 billion will be displayed at the ETA Cityscape stall.
The Executive Director of ETA Star, Abid Junaid, said "We aim to showcase the flagship project of ETA at this prestigious event. We believe that there would be not better platform to showcase our first ever master development project, than Cityscape, The event has been an excellent marketing platform for developers like us, as it allows us to interact with international and regional investors and developers."
Cityscape is an ideal platform for local property developers to showcase their projects, acting as window to potential investors from around the world, to catch a glimpse of the booming property market. The mega-event offers a view of future landscape in Dubai.
Currently, ETA Star is developing several millions of Square Feet of property across several countries in Middle East, UAE, India, Qatar, Turkey and South-East Asia.
Labels: Cityscape, ETA-Star, New Developments, Property-show, Real Estate Projects
Omniyat announces Dh.6bn worth real estate projects in Dubai
Thursday, October 11, 2007
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Omniyat Properties on Monday announced three real estate projects in Dubai, worth Dh.6 billion, as it tries to build its place as one of the leading developers in the emirate.
The first among three projects is an office complex, worth Dh.1.5billion in Business Bay. The other two are mixed-use developments which would comprise residential units, shopping malls and hotels, with one on Dubai Waterfront worth Dh.2 billion, adjacent to the Palm Jebel Ali, and the other, worth Dh.2.5 billion, in The Lagoons, overlooking the Wildlife Sanctuary.
All the three projects are scheduled for completion by mid-2008. Omniyat expects that the launches will bring in a real estate investment of nearly Dh.10 billion by 2008.
None of the three projects will, however be displayed in the Cityscape real estate expo in Dubai, as Omniyat plans to showcase 'The Opus', a Business Bay development at the expo.
Few other projects that Omniyat is currently working on, includes Bayswater, One Business Bay, The Gemini, The Binary, The Pad and The Square.
The first among three projects is an office complex, worth Dh.1.5billion in Business Bay. The other two are mixed-use developments which would comprise residential units, shopping malls and hotels, with one on Dubai Waterfront worth Dh.2 billion, adjacent to the Palm Jebel Ali, and the other, worth Dh.2.5 billion, in The Lagoons, overlooking the Wildlife Sanctuary.All the three projects are scheduled for completion by mid-2008. Omniyat expects that the launches will bring in a real estate investment of nearly Dh.10 billion by 2008.
None of the three projects will, however be displayed in the Cityscape real estate expo in Dubai, as Omniyat plans to showcase 'The Opus', a Business Bay development at the expo.
Few other projects that Omniyat is currently working on, includes Bayswater, One Business Bay, The Gemini, The Binary, The Pad and The Square.
Labels: Cityscape, Omniyat, Property-show, Real Estate Company, Real Estate Projects
Realty projects valued at Dh500bn on Cityscape
Sunday, December 10, 2006
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Real estate projects worth up to Dh500 billion are likely to be announced during the Cityscape event in December. So far, Dh1.7 trillion worth of projects in the UAE have been announced, and they are to be delivered over the next 10 years. Another Dh300bn to Dh500bn worth of projects are to be announced soon.
Tamweel, the Islamic home financer said that it expected 30,000 units - both residential and commercial - to be delivered in Dubai next year.
Tamweel, the Islamic home financer said that it expected 30,000 units - both residential and commercial - to be delivered in Dubai next year.
Labels: Cityscape
SODIC to participate in Cityscape
Wednesday, December 06, 2006
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Egypt's SODIC, real estate development company, announced that it is going to take part in the Cityscape exhibition. Cityscape exhibition will take place from December 4 to December 6.
Over 35,000 industry professionals from over 85 countries are expected to take part in this event. SODIC stated that will showcase its latest projects and plans in its pavilion number 8E20, Hall 8 in the Dubai International Exhibition Center.
SODIC aims to introduce the company as Egypt's most progressive developer and the Egyptian real estate sector generally as the most exciting in the region. It aims to compete in both the local market and regional market.
SODIC will also display its recently acquired two plots totaling 984,900 square metres in the booming eastern district of New Cairo in the exhibition.
Over 35,000 industry professionals from over 85 countries are expected to take part in this event. SODIC stated that will showcase its latest projects and plans in its pavilion number 8E20, Hall 8 in the Dubai International Exhibition Center.
SODIC aims to introduce the company as Egypt's most progressive developer and the Egyptian real estate sector generally as the most exciting in the region. It aims to compete in both the local market and regional market.
SODIC will also display its recently acquired two plots totaling 984,900 square metres in the booming eastern district of New Cairo in the exhibition.
Labels: Cityscape
