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Foreword editor's note
Pause for thought
At last month's Cityscape Asia conference in Singapore,
Sanjay Sachdeva, president of Advance India Projects
Ltd., said: “Twenty-four hours is the l the magazine Real estate in emerging markets May 2008 CAPITAL PLANNING EXHIBITION CENTRAL MAI
5 STAR HOTELS WITH UP TO 2000 KEYS | PREMIUM COMMERCIAL SPACE | EXCLUSIVE SKY PALACES, SKY VILLAS AND PENTHOUSES | LUXURY APART
Foreword editor's note Pause for thought At last month's Cityscape Asia conference in Singapore, Sanjay Sachdeva, president of Advance India Projects Ltd., said: “Twenty-four hours is the l
Contents may 2008 Update Middle East 12 ADIH launches new Style City concept 13 Damac backtracks on Palm Springs axe 16 SNASCO announces first Sharjah project 17 EIG invests US$
Middle East update ADIH launches fashion city concept Porta Moda to be rolled out across the Gulf, Africa and India ABU DHABI – Abu Dhabi Investment House (ADIH) has launched a US$7 billion devel
Omniyat launches real estate investment arm OIM aims to be the pre-eminent funds and asset management company DUBAI – Omniyat Holdings has launched a real estate asset management company with plans
QATARI DIAR'S JOURNEY OF 2005-2008 QATARI DIAR Real Estate Investment Company www.qataridiar.com
QATAR Lusail Doha Convention Center and Tower EGYPT St Regis Hotel Sharm El Sheikh MOROCCO Al Houara SUDAN Al Difaf SYRIA Ibn Hani Bay Resort OMAN Ras Al Hadd UNITED KINGDOM Chelsea Barra
Middle East update SNASCO to launch first project in Sharjah Investment Centre Five-storey commercial property passes feasibility study SHARJAH – SNASCO has announced the imminent launch of the
EIG to invest US$500 million in Yemen Maiden investment to kick-start a series of signature projects SHARJAH – The Emirates Investment Group (EIG) is planning to invest US$500 million in residential
Middle East update World's largest retail destination on track for summer opening Dubai Mall set to open at foot of world's tallest tower DUBAI – Emaar Malls Group will open its flagship retail
Mubadala & CapitaLand launch joint real estate company in Abu Dhabi Capitala master planner and developer to focus on mixed-use projects ABU DHABI – Mubadala Development Company (Mubadala) and Capi
Middle East update Ajman to get 55-storey residential tower Al Hilal Tower `the perfect embodiment of Arabic values and heritage' AJMAN – KASB has launched the Al Hilal Tower, an elegant 55-store
Dubai gets cultural with creek-side project Plans laid for 72 projects to merge city's past and present DUBAI – The government is developing a cultural hub for the city, with 72 new cultural centres
Middle East update DMCCandNakheeltoworktogetheron emissions reduction projects Developer primes partners for carbon footprint initiative DUBAI – The Dubai Multi Commodities Centre (DMCC) and Nakh
Tamweelsignsagreementwith Union Properties to finance MotorCity Car enthusiasts' city races ahead with financial backing DUBAI – Tamweel has signed a landmark agreement with Union Properties to prov
Middle East update Government cements material supply Dubai's ruler has stepped in to try and secure the cost and supply of cement and steel within the UAE, as supplies dwindle amid escalating
The Nakheel spokesperson added: “On a more chain, which will allow ALDAR Properties to get all long-term basis, we are always looking at formulating its requirem
Middle East focus PLANNINGISTHE INFRASTRUCTURE OFSUCCESS What do you get when you mix oil wealth and visionary leaders? The answer is Abu Dhabi. As the capital of the UAE, the city is undergoing a t
Masdar City may 2008$ Cityscape $27 Middle East focus Along with business free zones, Abu Dhabi is beginning to introduce freehold property for non-UAE nationals in `investment zones', which currently include Al Reem Island,
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Inspirational solutions, delivered Shaping cities of the future Twin skyscrapers incorporating wind turbines that harness the offshore breeze A super tall low carbon energy ef?cient commercial tower
Middle East focus up by 20 percent in the last year, according to the UAE investment bank Shuaa Capital. But much needed new supply is coming up, both on the main island, as well as
Middle East focus TAKINGSTOCK Emerging markets offer huge potential for retailers – and none more so than the Middle East where the retail sector is estimated to be worth in excess of US$100 billion
With all the global talk of mortgage squeezes, pay freezes, and recession fears you would think more of us would be cutting down on our visits to the shops. But retail is holding up. The strengthenin
Middle East focus Breaking news: Nakheel's Retail Shopping Malls division is about to commence the development of 13 million square feet of new retail space across five separate mega projects
Design Architecture Masterplanning Interiors Graphics Benoy 60 years of design success Benoy is an award-winning ?rm of Ar
Middle East focus Dubai Festival City Dubai Festival City ( Globally, retailers have always been preoccupied by space
International focus to cater to the growing demand, with entertainment- led projects launching not only in the Gulf, but other emerging markets. Thomas Geary reports The GCC has managed to p
Yas Island, Abu Dhabi may 2008$ Cityscape $45 International focus is for the theme parks to become a destination themselves; attracting visitors from across the world. In order to achieve this, each is making sure that it has
Where are tomorrow's ideas going to come from? With the leisure real estate market developing rapidly, having a partnership with an organization that formulates and implemen
International focus Currently valued at US$680 million per year, the entertainment industry is predicted to more than double in the next three years. One example
International insight EMERGINGMARKETS RIDETHEWAVE OFINVESTMENT Two recent financial reports have highlighted the unprecedented levels of investment in emerging markets across the globe. Gordon Fell
rate. Of the 2,168 majority acquisitions between developed and developing countries in 2007, almost 20 percent, or 421, were driven by companies from developing countries. Furthermore, this pattern i
Middle East focus LOCATINGALEGEND Dubai's penchant for big brands now extends past designer labels to the positioning of large-scale developments. Claire Malcolm talks to ACI, the German company beh
“What is important for us is that the three legends match one another, and that they also have some kind of link to the tower that bears their name, with something conservative but at the same time i
Middle East focus ( RightnowifyouhadabuildingcalledMichaelSchumacherBusinessAvenueorRobinLohman Tower it wouldn't make any difference, you could sell anything in Abu Dhabi OTHE
Middle East focus ( Thethreenamesobviouslyhavethenecessary pulling power though, with the individual projects that make up the sports legend Trilogy, se
Middle East insight SUKUK: SETTINGSTANDARDS Although the uptake of Islamic financing has been slow to start, the real estate industry is beginning to wake up to the sukuk as a means of funding devel
Middle East insight Case study: Dar Al-Arkan In July 2007 Dar Al-Arkan successfully closed its second sukuk, raising US$1 billion. The five-year sukuk issue will mature in 2012 and pays an an
Middle East insight ADNEC, Abu Dhabi DRAWINGIN THEDELEGATES Exhibition and conference centres are no longer drab, isolated buildings sited in the industrial hinterland and designed to be p
business tourism,” says Almarri, adding: “The District showcases a premium range of office, retail and hospitality facilities, essentially aiming to surpass the experience offered by other commercial
Middle East insight ( Itisafullyintegratedresort–withallthe facilities and services available to the customer under one roof, a one-stop-shop so to speak In deve
Raising the bar in the Middle East exhibition and conference industry The world's most modern exhibition centre Already recognised as a remarkable destination, the Abu Dhabi Nationa
Middle East insight Capital Centre, Abu Dhabi
Middle East insight Propertyownership lawsinAbuDhabi: alegalperspective Cityscape Market Intelligence Service (CMIS) investigates In the emirate of Abu Dhabi, prior to 2005 th
Middle East insight Mohammed Kamal ) land but foreign nationals can acquire `surface rights'. Surface rights are rights to the `air space' but not
Middle East insight THE SPACE RACE Abu Dhabi, Dubai and Doha are all struggling to accommodate their expanding business and residential populations. Dominic Ellis reports on different markets that a
Middle East insight And for rent-squeezed companies, the pain may not be over just yet. Asteco anticipates that the price of commercial units will again surge as these buildings near comp
Developer profile Full circle focus Saudi-based property management company PMDC is looking to take its `complete property solution' philosophy out of the Kingdom and into international territory. C
Developer profile ( Sometimes designers `over design' and put in all sorts of things that you don't really need. Some of it looks nice but itcostsafortune,sooneoftheot
Artist profile Wall detail, Emporium Hotel, Brisbane Humanising urban space Increasingly developers are turning to art to help create a strong bond between a building and its occupants with the
Emporium Hotel lobby, Brisbane Matthew Tobin Daniel Tobin (KAUST), lo
Artist profile KAUST Beacon, Jeddah ( We do anything from large-scale monuments to façades, to bridges, to graphic work, landscapes and exteriors and street furniture
India update M&S joins with Reliance to open 50 stores Goal to establish Marks & Spencer as major Indian retailer INDIA – Marks & Spencer has entered into a joint venture (JV) with Reliance Re
ADIH invests US$400 million in India Entertainment City Company studies export of concept to China and North Africa MUMBAI – ADIH has announced the launch of a US$400 million Sharia-compliant fund t
China update SOHO land acquisition expansion Property company reveals business plans for 2008 SOHO Shangdu BEIJING – SOHO China has revealed its
US$1 billion fund to be launched Dubai-China partnership targets investment opportunities DUBAI – Dubai International Capital (DIC) and First Investment Group (FIG) have announced the launch of a ne
Asia update Asiagiantspickup architecture awards Regional real estate projects lauded SINGAPORE – Real estate projects from Malaysia, Singapore and China picked up four awards each at last mont
Merrill Lynch investing in Asian real estate fund US$3 billion targeted for property focus US – New York-based investment bank Merrill Lynch has revealed that it is to invest up to US$3 billion in p
Asia update Singapore cements position as leading financial services hub Supply pipeline trickling through SINGAPORE – The island nation's position as a hub for the financial services market is
Vietnam drive for Ireka Hospitality projects a key focus SINGAPORE – Kuala Lumpur-based developer Ireka Development Management, part of the London-listed property fund, is targeti
Middle East green pages Willyourinvestment washaway? Environmental preservation comes at a cost for both developers and investors and, as the region's offshore island developers have
Villas, Palm Jumeirah ( Aprimary goal during the creation of Nakheel's projects is to ensure that construction not onlyhasthesmallestpossiblenegativeimpactontheenvironment,bu
Middle East green pages The Pearl-Qatar Enforcing such laws effectively, however, varies from country to country depending on the powers and objectives of the agencies, an
PLANNING FOR THE FUTURE An environmental management plan is one which provides for ongoing monitoring of the water, air and sand quality, as well as waste disposal, emissions into the atmosphere, and
Middle East green pages PLANNING AGREENER TOMORROW The US Green Building Council has awarded the Middle East's first ever Platinum LEED rating to the headquarters building of Dubai's Pacific Control
STATE-OF-THE-ART DESIGN The headquarters of Pacific Controls is unique in that it is built entirely from recyclable materials. Better still; the materials were all sourced within a 200-kilometre radi
Middle East green pages Solar panels outside Pacific Controls headquarters “What we've done is designed the building so that it utilises a number of alternative energy sources
Little Italy NEW YORK This is a once in a lifetime opportunity to buy real estate in the ?nancial capital of the United States with no more room for development. With the US dollar
Cityscape exhibition news Spotlight shines on Asia Credit crunch gives regional property markets added sheen Cityscape Asia 2008 returned to the region last month for its second B2B develo
Dubai opens its doors to retailers from around the world Delegates discuss discounts, downturns and sustainable developments The Middle East retail sector is estimated to be worth in excess o
Cityscape exhibition news China's growth pioneer Shanghai welcomes delegates Huge challenge for developers as 70 percent of China's population shifts to newly built cities by
Zmags improved online publishingCityscape - May 2008
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