Real estate in emerging markets July - August 2008
TAKING SIDES GLOBAL FOOTPRINT
Are you ready to take advantage ofVacation Ownership/
Timeshare in Dubai & the GCC in 2008?
New Legislation in the region will enable Hospitality & Real Estate Developers
Foreword editor's note
Iconic integrity
If you put a bunch of architects and developers into a
locked room and ask them to come up with the definitive
description for an iconic building, the magazine Real estate in emerging markets July - August 2008 TAKING SIDES GLOBAL FOOTPRINT
Are you ready to take advantage ofVacation Ownership/ Timeshare in Dubai & the GCC in 2008? New Legislation in the region will enable Hospitality & Real Estate Developers
Foreword editor's note Iconic integrity If you put a bunch of architects and developers into a locked room and ask them to come up with the definitive description for an iconic building,
Contents july-august 2008 Update Middle East 10 US$34.7 billion for KAEC 11 Cairo Festival City breaks ground 12 Qatar rules on construction materials 13 Burj Dubai to reach new heights 14 S
Middle East update US$34.7 billion for KAEC Investment figure above expectations KSA – Investment in King Abdullah Economic City (KAEC) has reached almost US$35 billion according
Sobha Group makes ASPAC Top 20 Listed as best for future returns DUBAI – Sobha Developers Limited has been listed as one of Asia Pacific's 20 best companies for investor returns by global financial
Middle East update GCCcountriesinvestUS$10 billionin10steelplants DUBAI – The price of structural steel has recently risen by between 15 and 25 percent and developers are calling for additiona
BurjDubaitoreachnewheights Q3 2009 new completion date DUBAI – A revised completion date for the world's tallest building, the Burj Dubai, has been confirmed, with the tower now set to be finished i
Middle East update King Abdullah Economic City Saudi contractors struggle with soaring costs Material prices impacting profit AlHabtoorandMurray& RobertsbagTrumpjob Nakh
Kuwait market stagnation cause for concern Al-Mutakhasses claims buyers being priced out KUWAIT – The chairman of Kuwaiti property company Al-Mutakhasses Real Estate has attributed the recent downtu
Middle East update Tamweel to provide brokerage for Al Nujoom Islands Deal signed with Al Hanoo Holdings DUBAI – Tamweel Properties & Investments, a fully owned subsidiary of Tamweel PJSC, has
Rakeen launches Dana Island Mixed-use development to extend seven kilometres off the coast RAS AL KHAIMAH – Rakeen, the real estate development arm of the Ras Al Khaimah government, has formally lau
Middle East update Kurdistan isopenfor business DAMAC to develop 16 million-square metre free- hold properties in Tarin Hills DUBAI – DAMAC Properties has launched the Tarin Hills master deve
Escan and ACI team up Mixed-use tower designed to maxmise light DUBAI – Escan Real Estate and ACI Real Estate have teamed up to develop a US$545 million freehold property along Dubai's Sheikh Zayed
Middle East focus BRIDGING Architectural and engineering marvels are rising THEREGION from the waters of the Gulf as a number of major
Sheikh Rashid bin Saeed Crossing, Dubai ( Whatdifferentiatesthisfromotherprojectsisitsuniqueness.It'sadoublearchbutasingle statement. We've tried to deal with the bridge as muc
Middle East focus of the bridge goes perpendicular to the way they blow, so we're going to figure out how to direct the wind.” For Miller the biggest challenge so far is the size of the pr
BUILDING RELATIONSHIPS Qatar-Bahrain Friendship Bridge The long-discussed Friendship Bridge, which proposes to join the Gulf states of Bahrain and Qatar, was first mooted back in 2001, and finall
Middle East focus ABUDHABI LOOKSWESTFOR DEVELOPMENT The relatively untouched western region of the emirate of Abu Dhabi accounts for over 70 percent of the UAE's landmass and is virgin development
DEVELOPMENT POTENTIAL WRDC has already announced estimated investments of US$26.7 billion for infrastructure, tourism and economic development in the region. The backing of the Abu Dhabi governm
Middle East focus Mohammed Bin Azzan Al Mazrouei ( ON THE ROAD Wehaveeverythingweneed;wehavethelandmass,wehavethe WRDC has just rounded off a three-
Middle East focus HIGH-TECH FUTUREFOR SMALLER EMIRATES Goldcrest Smart City making Ajman even more attractive to investors The Giga Group, which recently launched its Smart City project in the em
Middle East insight Protective measures Escrow has helped tighten up Dubai's property market considerably in the last year and continues to foster transparency with new procedures swinging into ef
( Regulation in the industry here has come on leaps and bounds in recent months and while there is still a long way to go, the establishment of the RERA along with the impl
Middle East insight ( Given the interest from buyers in the most developed markets, it is crucial that Dubai is able to offer them the reassurance of a strong credible system
Middle East insight CHAMPIONING THEGCC Dubai is leading the world in the construction of office space, but is it still a case of `build it and they will come' or will the market suffer from oversu
Nicholas Maclean ( tbhoethMwiditdhlienEast, The UAE has positioned itself is to ensure that whatever turmoil and globally, as a thereisarounditsbordersitissafe
International insight THEBATTLE FORRETAIL INVESTMENT Cityscape looks at A T Kearney's seventh annual Global Retail Development Index (GRDI) and discovers a few surprises The recent release of
Rio de Janeiro, Brazil ( Mumbai, India The country's retail sector is valued at US$20billionanditscompetition-free
Profile developer APTEC TRADINGUP:CREATING AGLOBAL SHOWCITY Bill Ch'ng, president and CEO of Malaysia Pacific Corporation Berhad, is the visionary behind the Iskandar Development Region's pl
LakeHill Resort City APTEC TRADE CENTRE A TRADE CENTRE B HOTEL & OFFICE SUITES TRADE C
Profile developer Bill Ch'ng A thorn in the side of the IDR has been the traditionally `prickly' relationship between Singapore and Malaysia, but the
LakeHill Resort City ( It will link into other industries in terms of helping small and medium-sized enterprises (SMEs) to develop hurts the
Asia insight Is South Korea's `Bulldozer' grinding to a halt? Cityscape Market Intelligence Service (CMIS) reports Times are hard for South Korea's president Lee Myung-bak, known as the `Bu
New York-based Gale International has a 70 percent stake in the project while Posco, the Korean steel and construction giant, holds the remaining 30 percent. The scheme is being built on reclaim
International insight Inflation: aglobalthreat New infrastructure investments in the emerging markets: are they a key to global economic health? Gordon Feller investigates
( After so many years of neglecting infrastructure, emergingmarketcountriesneedtoheavily increase their spending to maintain and expand infrastructure to achieve
India update Deira City Center, Dubai Majid Al Futtaim looks to India Dubai developer keen on JV opportunities in key locations DUBAI – UAE-based real estate developer
MAN Group launches realty venture US$233 million to be invested over next three years The company's subsidiary, MAN Infraprojects
China update Shanghai China's future focus Investment opportunities post-Olympics remain strong says expert SHANGHAI – The outlook for China's real estate market remains positive acco
China gets ready for REITs Education and understanding major challenges facing the market SHANGHAI – The Asian REIT landscape is set to welcome another entrant to the market with China rumoured to b
China update Investor sentiment survey indicates way forward Red Cap Group presents international feedback on real estate market SHANGHAI – The Red Cap Group has revealed results
Cityscape exhibition news East meets West in the investment capital of the world Inaugural Cityscape USA show to open up dialogue between North America and emerging markets The
Asia update Knight Frank opens Cambodia office Global growth strategy extends further into SE Asia CAMBODIA - Knight Frank, the global real estate consultancy, has opened an office in the Camb
Union Investment to put U$6.2 billion into Asia Singapore tops list of investment destinations GERMANY – Union Investment Real Estate, a Germany- based fund manager, has announced it is looking to i
Middle East green pages Garden STATES Developers and governments in the Middle East are waking up to the financial and environmental benefits of adding green space to developments as Tom Geary dis
Masdar City, Abu Dhabi ABU DHABI be comprehensively landscaped and planted t
Middle East green pages with regards to the provision of green space, but the Saudi government is keen to enhance the role of the private sector through loans for th
at India's only business-to-business real estate investment and development event 8 – 10 December 2008 Bombay Exhibition Centre www.cityscape-india.com/eril WHY you should
DDBReal Estate - Photos Getty RESORT • TANGIER INVEST NOW IN YOUR GAVEN FOR TOMORROW GOLF VILLAS AND APARTMENTS FOR SALE Immerse yourself in the unique ambiance of Tangiers and contemplate the surrounding mountains as the sun s
Introducing a new investment opportunity T e Al Ain Convention Centre is a new AED3.5 billion business and residential micro-city to b built around a world-class conference centr
Zmags improved online publishingCityscape July/August 2008
\n');
}
function onAppLoad() {
}
function onControlPanelLoad(name) {
}
function onPageLoad(pageid) {
}
function onZoomPageLoad(pageid) {
}
function onZoom(pageid, x, y) {
}
function onZoomOut(pageid) {
}
function onPageFlip(pageid, direction) {
}
function onCrop(pageid, x, y, height, width) {
}
function onTipFriend(pageid, friendmail, usermail) {
}
function onPrint(pageList) {
}
function onGetPDF() {
}
function onLinkClick(type, pageid, infoObject) {
}
This publication requires version 8 of the Flash Player It appears that you do not have Flash Player 8 installed.
Please Click Here
to download the Flash plugin.