Her Name is Nurai.
Making an Appearance Once Again.
Resort Beachfront Estates and Water Villas.
Second phase release by invitation only in Cityscape Dubai 2008, Sheikh Rashid Hall, Stand Nu
For sales please contact: +971 50 7198835 or +971 50 7198834
For sales please contact: +971 50 7198835 or +971 50 7198834 the magazine Real estate in emerging markets September 2008 CONTINENTAL SHIFT HIKE OR SPIKE? DESTINATION
Her Name is Nurai. Making an Appearance Once Again. Resort Beachfront Estates and Water Villas. Second phase release by invitation only in Cityscape Dubai 2008, Sheikh Rashid Hall, Stand Nu
For sales please contact: +971 50 7198835 or +971 50 7198834
For sales please contact: +971 50 7198835 or +971 50 7198834
Foreword editor's note Brave new world Institutional investors, as a rule, get a bad rap in the image stakes. But in view of the current investment climate, today's fund manager actually
Jumptoagreaterlifestyle ...bepartofthebigleague RERARegNo.428 VisitusatstandnumberK55 Findoutthefinestinvestmentopportunitiesandbeapar
Contents september 2008 Profile 62 Update 51 Middle East 12 Developer rejects analysts report 13 Oman and India increase trade flows 14 Speculative purchasing sees developer curb 1
Middle East update Developer rejects analysts report Union Properties insists Dubai won't suffer a 10 percent drop in value DUBAI – Union Properties (UP) is considering taking action against
Dubai Investments profits rise 29 percent Half year net profit reaches US$281.7 million DUBAI – Dubai Investments reported a net profit for the first half of 2008 of US$281.7 million, which is 29 pe
Middle East update Developers curb speculative purchasing Nakheel forbids Trump Tower buyers from selling within 12 months DUBAI – Leading developers in both Dubai and Abu Dhabi have imposed
Middle East update Limitlessunearthsstatistics onDubaimega-project Excavation work underway on Arabian Canal project DUBAI – More than 1.5 million cubic metres of earth, o
ADNEC showcases SinoGulf towers Towers form key feature of Capital Centre ABU DHABI – Abu Dhabi National Exhibitions Company (ADNEC) has revealed two distinctive commercial and residential towers by
Middle East update ALDARsignsMoU with Cebarco JV construction company targets UAE-wide opportunities BAHRAIN – Cebarco Bahrain, a leading construction company and member of the KAR group of
Qatari Diar tees off in Morocco Golf celebrities to design US$660 million luxury golf complex MOROCCO – Qatari Diar Real Estate Al Houara Resort Vil
Middle East update Dubai registers greatest transparency improvements Jones Lang LaSalle releases MENA region Real Estate Transparency Report CHICAGO – According to the 2008 Jones Lang LaSalle
Middle East update US$100 billion pours into Gulf waterfront projects Al Fara'a Properties announces coastal plans DUBAI – The Arabian Gulf is currently witnessing over US$100 billion worth o
Highfield Commercial Towers Leading the way in Real Estate for over 20 years, Sherwoods Independent Property Consultants have one of the most extensive p
Middle East update Refunds offered for DUBAI – Schön Properties has announced that full ref
Chapaltoturndesertgreen Flora Residence embraces environmentally-friendly construction AJMAN – Chapal World has launched its US$1.08 billion Flora Residences villa development in the emirate of Ajma
Middle East update First Element hotel for Middle East Starwood and ADNEC introduce hotel chain ABU DHABI – Starwood Hotels & Resorts Worldwide and Abu Dhabi National Exhibitions Company (ADN
AlNujoomIslandflooded Water flow initiated to mark beginning of phase two SHARJAH – The second phase of the Al Nujoom Islands project is underway, according to the developer Al Hanoo Holding. The ou
International focus 28 $ Cityscape $ september 2008
SUBPRIMECRISISFORCES INVESTORSFURTHERAFIELD As Middle Eastern developers head west to meet with their North American peers at the inaugural Cityscape USA showcase, global real estate investment is sh
International focus Trump Tower, Dubai “Abu Dhabi, which is now producing average room rate returns far and above those of the West's hospitality segment, and where the real estate mar
KENSINGTON KRYSTAL THE BENCHMARK OF CORPORATE LUXURY One of the ?rst freehold commercial projects to be situated on the oceanfront, Kensingto
International focus Chrysler Building, New York ( Regionsandcitiesthataresmart,hardworkingand open will provide incentives for new investment from r
Middle East focus REGIONAL REMUNERATION: HIKEORSPIKE? As Macdonald & Company prepares to launch the results of its second annual Salary Survey at next month's Cityscape Dubai event, Claire Malcolm
“Without a doubt you don't get development projects like those we see here, anywhere else in the world. And that makes the region extremely attractive. There won't be any other markets developing
Middle East focus “What we also see is nationals working alongside more experienced western or international colleagues, and developing in that way,” he adds
Middle East focus Middle East Real Estate Salary Survey 2007 Spotlight t 850 respondents from graduate to CEO level; 86% male t 35% were from UK/Europe; 33% Asia/Far East; 16% No
International insight SOVEREIGNWEALTH FUNDSCREEPINTOUS REALESTATE Headlines in the US and Europe increasingly report on SWFs moving into the real estate sector, with iconic properties being
) Riding the energy and commodities boom, together withthewiltingdollar,SWFswillcontinuetobethekey players in the changing financial landscape of the global economy thrown into flux by the credit cr
International insight ) economic interests. It suggests that New York City and New York State should provide leadership at the local and national level in support of foreign investment activity a
www.soccertower.ae For conv1esntiPenrot,jeScatfein, FDunbanidSpcortsfoCritaybleitrhesLiGdentoialelinfetanyti e. m H w m m ? 25 stories of residential opulenc
Middle East focus DEVELOPINGAGLOBALFOOTPRINT Developers from across the UAE are branching out of their comfort zones and taking on major construction challenges in emerging markets around the wor
The value of the project stands at US$96.1 million. Peter Riddoch, CEO, DAMAC Properties, said: “Qatar is the world's second-fastest growing economy in the property sector in 2008 according to re
Middle East focus Tuscan Valley Houses, Turkey ( Just because the UAE, and the GCC in general, is ourcoremarketdoesnotmeanthatwewantto restrict ourselves to working
Middle East focus Al Wasl, Saudi Arabia ( The new land deal will be a step forward in our efforts to build a strong development portfolioinTurkey,andintroduceworld-classmast
Destination profile Azov City KRASNODAR GAMBLES ON TOURIST REVENUE Southern Russian city aims to create a Las Vegas style retreat in the East ( Inthenextfewyearstheregioncanacceptmor
Destination profile The planned Winter Olympic site in Sochi Today, the region is becoming a premier European venue for exciting real estate investment in office buildings, ports and industria
Find the Right Balance For Your Investment With hundreds of assignments completed worldwide and many more underway, NorthCourse is uniquely positioned to help you create and implement a strategy that
Middle East insight MOSQUE ARCHITECTURE: REFLECTING A MODERNDAYISLAM Religious architecture in terms of the mosque vernacu
Sheikh Zayed bin Sultan Al Nahyan mosque, Abu Dhabi Mosque design has evolved through the centuries with oil-wealth latterly driving a substantial amount of mosque construction both regi
Middle East insight At night, the exterior is particularly spectacular, with mood- enhanced lighting through a series of LED lights around the base of the mosque basking it in hues of coo
Middle East insight Al Samad mosque, The Meadows, Dubai Now that El Zaim has fought his battles with the authorities and won, he
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Middle East insight So much marble was needed that a new face had to be opened up in the Macedonian quarry to cater to the huge demand. “The sourcing of marble was so time consumin
Abu Dhabi AjlmAain Inspired Solutions Al Gharbia Bahrain 44YearsofExperience. AwardWinningArchitects,InfrastructureEngineers,Project&ConstructionManagers Dub
Developer profile Architect ofchange Lee Tabler, CEO of Abu Dhabi's Tourism Development & Investment Company, began his career as an architect. From the metaphorical drawing board to redrawing the
Guggenheim, Saadyiat Island Grand Corniche Hotel ( Three years ago most people didn't even know where Abu Dhabi was. Now they see i
Developer profile Anantara Resort and Spa, Qasr Al Sarab “We are building a 30,000 person camp for contractors to house their labour staff. We are also creati
International insight EMERGING MARKET RISKAND REWARD Residential property markets in emerging markets have been undergoing a rapid and accelerating transformation since t
Moscow ( Data and market intelligence indicate that priceappreciationismoresubduedandmuch less volatile outside the top tier cities Despite high growth in real esta
International insight ( Sao Paulo Ashortageofhousingunitsareseeninallthree countries...th
Cityscape Intelligence - emerging real estate market intelligence The essential online business tool for real estate investors, devel
India update Kolkata real estate sector to rise Prices set to surge to offset materials cost KOLKATA – Real estate prices in Kolkata are expected to increase in order to offset the cos
Hill International named for SmartCity Kochi project US$9.1 million project management contract awarded UAE – Abu Dhabi-
Asia update Asian investors unfulfilled by developers Research reveals 70 percent feel expectations not met HONG KONG – Research conducted by international built asset consultancy EC Harris ha
Kuwaiti SWF beefing up Japan interest Plans to triple investment to US$48 billion KUWAIT - Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth fund, plans to triple investments in J
China update Real estate gains petering out BesEtaIJtIeNsGec–toTrhienpCrhoifnitasdmuaridnegitnhethpearsetal Government economic policy major contributor decade have come to an end, a
Shanghai bridge construction underway Vital Chongming and Jiangsu connection for 2010 SHANGHAI – Construction is underway on the 7.2 kilometre long bridge that will provide a vital connection betwee
International green pages Buildinga greenerfuture The `greening' of the world's economy is underway and the real estate industry is taking note. Arlo Clewett looks at the international green build
RAK Convention & Exhibition Centre, Ras Al Khaimah ( Theproblemwiththeimplementationofany international scheme into a new market, is the fact that they were original
International green pages ( ECQ Building, Qatar The customer desire will be critical indriv
International green pages Al Marjan, Ras Al Khaimah ( We need to be careful that there is not a green-wash. That is, talking about it but not doing much about it. You need
Middle East green pages OMAN:GREEN ANDCLEAN To meet growing demand for electricity, Oman is looking for solar and wind energy alternatives to power the country's remote corners, reports the Oxford
Cityscape exhibition news 2008 event promises an open forum on the issues of the day Credit crunch no deterrent to continued regional boom The world's largest B2B real estate develop
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Zmags improved online publishingCityscape September 2008
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