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News Brief 28 Sunday, 09 July 2017
ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION NEWS BRIEF 28 SUNDAY, 09 JULY 2017 RESEARCH DEPARTMENT DUBAI | ABU DHABI | AL AIN | SHARJAH | JORDAN IN THE MIDDLE EAST FOR 30 YEARS © Asteco Property Management, 2017 asteco.com | astecoreports.com ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNER ASSOCIATION REAL ESTATE NEWS UAE / GCC FIXED-TERM INVESTMENT PLANS ARE FAILING UAE CUSTOMERS, SAYS FRIENDS PROVIDENT ARABTEC WINS DH353M UAE PAVILION CONTRACT FOR EXPO 2020 ECONOMIC SLOWDOWN LIKELY TO HURT QATAR’S BANKING SECTOR ASSET QUALITY SOLID FUNDAMENTALS SUPPORT UAE’S CREDIT STRENGTH: MOODY’S UAE PMI DATA POINTS TO SOLID GROWTH IN Q2 QATARI PROPERTY INVESTORS KEEN TO OFFLOAD ASSETS IN UAE SAUDI-OWNED PARISIAN HOTEL REOPENS AFTER MULTI-MILLION MAKEOVER GENERATION START-UP: PROPERTYFINDER CHIEF A PIONEER OF ONLINE REAL ESTATE UAE SHINES AS SUSTAINABLE ENERGY PATHBREAKER DUBAI DUBAI REMAINS RELATIVELY STRONGER THAN ABU DHABI MARKET DUBAI PROPERTY MARKET DIRECTION DEPENDS ON SUPPLY, SAYS JLL DUBAI RESIDENTIAL SECTOR STABILISING DUBAI HOTEL OWNERS LOOK FOR NEW WAYS OF EARNING IN CROWDED MARKET BEWARE OF SPECIAL OFFERS ON OFF-PLAN PURCHASES DUBAI LANDLORDS OFFER ‘FREE’ RENT, MULTI CHEQUES DH90M: LATEST 'MEGA VILLA' DEAL IN DUBAI ONE DUBAI MASTER-DEVELOPER GETS CRACKING WITH LUXURY POTENTIAL HOME BUYERS IN DUBAI MUST MAKE UP THEIR MINDS FAST DUBAI’S OFFICE REALTY NEEDS TO MIX IT UP PROPERTY PRICES GO WITH THE FLOW ALONG DUBAI CANAL LOOK: DUBAI VILLAS SURROUNDED BY FOREST NEW DH5B -
Residences & Hotel Apartments
Residences & Hotel Apartments CAYAN CANTARA BY ROTANA Dubai’s latest architectural landmark will offer private residences and deluxe hotel apartments on Umm Suqeim Road. PRIVATE RESIDENCES HOME COMFORT, HOTEL QUALITY Private, contemporary and spacious apartments, lovingly crafted with high-quality materials, workmanship and attention to detail. Homeowners will enjoy hotel quality services on demand, via every interaction with the on-site Rotana team. Cayan Cantara by Rotana will deliver homeowners a level of service and lifestyle fitting a deluxe hotel, while still maintaining the privacy, personality and comfort of their very own home. HOTEL APARTMENTS INVEST IN EXPERIENCE Modern, luxurious and spacious suites, fully furnished with contemporary styling. Guests will enjoy the full Rotana experience, from the moment they arrive to their final checkout. Backed with more than 25 years of experience in the region, Cayan Cantara by Rotana gives the opportunity to gain significant returns on your investment, as well as establish your ‘home away from home’ in Dubai and significantly save on hotel bills. THE ROTANA EXPERIENCE Cayan Cantara by Rotana will offer homeowners and guests the full suite of deluxe hotel services and facilities, embodying the very best of middle eastern hospitality and values. FACILITIES AND SERVICES INCLUDE: • Valet Parking • Children’s Playground • Hotel Car Service • Restaurant & Cafe • Porter Service • Juice Bar • Concierge services • In-room Dining • Housekeeping Service • Room Service • Laundry Service • Daily Newspaper • Gymnasium • Spa Facilities • Personal Trainer • Guest Lounge • Swimming Pools • Business Centre • Lifeguard Service • Reception Lobby • Towel Service • On-site Security • Landscaped Gardens • On-site Maintenance STYLE THAT SPEAKS FOR ITSELF Cayan Cantara by Rotana will blend high quality fixtures, fittings and materials, with professional workmanship – to create a quality of product that will speak for itself. -
Heritage and Tourism. Globalization and Shifting Values in the United
FOCUS 71 Sand, Skyscrapers and Heritage “It is strange to imagine that 20 years ago Heritage and Tourism. Sheikh Zayed Road, Dubai’s main thor- Globalization and Shifting Values in oughfare, was mostly sand” (“Dubai Expo”). These words, from the official the United Arab Emirates website of Dubai Expo 2020, are a proud celebration of the extraordinary and rapid transformation of one of the two main cit- ies of the United Arab Emirates (UAE). Features from sand to incredible and styl- ish skyscrapers designed by the most- courted star architects in the world, the site continues, show how Dubai has be- come “one of the world’s most modern urban landscapes.” At the same time, be- yond the obvious and understandably Marxiano Melotti self-celebrative tone, we may notice an interesting concept of the past. The new Cultural heritage was a major factor in the mote recreational and tourist activities. amazing Dubai appears to be built on formation of politics and identity for na- Dubai and Abu Dhabi are two significant sand—i.e., in the traditional Western view, tion-states. Yet in Europe, a gradual over- cases. Their intangible heritage helps to on nothing. What was there before sky- coming of old nationalism has paved the build local identity and to attract tour- scrapers? Only sand. The site, of course, way for its postmodern iteration, where it ism, together with the cities’ luxurious avoids emphasizing this Westernizing im- is interwoven with tourism, the market, hotels and their ultra-modern shopping age and immediately presents a particular leisure, and entertainment. -
FUTURE CITIES Trade Delegation UAE the Future Is Now…
Strategic Partners: FUTURE CITIES Trade Delegation UAE The Future is Now… 1 FUTURE CITIES TRADE DELEGATION UAE BRIEFING PACK AND PROGRAMME 20th to 23nd MARCH 2017 Objective of the Trade Delegation The United Arab Emirates (UAE) is at the forefront of redefining architectural design and leading the way for the future today. The trade delegation will explore the possibilities and provide a detailed analysis of futuristic concepts in design that exist alongside groundbreaking projects. The two-day program has been carefully devised directly with the experts behind this growth and mastery of the future. Delegates will be inspired by the possibilities that exist now and in the future, and learn how architectural obstacles have been overcome. Innovative Design Since its independence in 1971, the UAE has come a long way. It has invested heavily to break traditional barriers with revolutionary architectural design, and to redefine what is possible in construction. With its sci-fi-like cityscape, the UAE is emerging as a desert metropolis well beyond its era. When it comes to architecture, there's no denying the UAE is home to some of the world’s most iconic and advanced buildings. Technological Initiatives Dubai is already one step ahead with a number of innovation-led initiatives announced in 2016. According to His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, 25 per cent of Dubai's buildings are to be 3D- printed by 2030. With the launch of the Dubai Future Accelerators program, the world's top innovators are invited to help develop concepts in the city, with the focus on development, research, cutting-edge technologies and start-ups. -
Dubai 2020: Dreamscapes, Mega Malls and Spaces of Post-Modernity
Dubai 2020: Dreamscapes, Mega Malls and Spaces of Post-Modernity Dubai’s hosting of the 2020 Expo further authenticates its status as an example of an emerging Arab city that displays modernity through sequences of fragmented urban- scapes, and introvert spaces. The 2020 Expo is expected to reinforce the image of Dubai as a city of hybrid architectures and new forms of urbanism, marked by technologically advanced infrastructural systems. This paper revisits Dubai’s spaces of the spectacle such as the Burj Khalifa and themed mega malls, to highlight the power of these spaces of repre- sentation in shaping Dubai’s image and identity. INTRODUCTION MOHAMED EL AMROUSI Initially, a port city with an Indo-Persian mercantile community, Dubai’s devel- Abu Dhabi University opment along the Creek or Khor Dubai shaped a unique form of city that is con- stantly reinventing itself. Its historic adobe courtyard houses, with traditional PAOLO CARATELLI wind towers-barjeel sprawling along the Dubai Creek have been fully restored Abu Dhabi University to become heritage houses and museums, while their essential architectural vocabulary has been dismembered and re-membered as a simulacra in high-end SADEKA SHAKOUR resorts such as Madinat Jumeirah, the Miraj Hotel and Bab Al-Shams. Dubai’s Abu Dhabi University interest to make headlines of the international media fostered major investment in an endless vocabulary of forms and fragments to create architectural specta- cles. Contemporary Dubai is experienced through symbolic imprints of multiple policies framed within an urban context to project an image of a city offers luxu- rious dreamscapes, assembled in discontinued urban centers. -
Destinazione Dubai: Alla Ricerca Di Un'identità Culturale?
Corso di Laurea in Economia e Gestione delle Arti e delle Attività Culturali Tesi di Laurea Destinazione Dubai: alla ricerca di un’identità culturale? Relatore Ch. Prof. Michele Tamma Correlatore Ch. Prof.ssa Roberta Dreon Laureando Elisa Benetti Matricola 845183 Anno Accademico 2015/2016 INDICE Glossario………………………………………………………………………………………… ................ 3 Premessa……………………………………………………………………………………………… .. ..... 5 1. Dubai: la città degli epìteti………………………………………………………………………..... ........ 11 1.1 La nascita dell’emirato……………………………………………………………………………. ........ 11 1.2 Lo sviluppo economico………………………………………………………………………….. ........ 21 1.3 Un’evoluzione urbana senza precedenti………………………………………………………… ......... 29 1.4 Destinazione ‘Spirit of Possible’………………………………………………………………….. ........ 33 2. Sul turismo culturale……………………………………………………………………………….. ........ 43 2.1 Turismo: alcune tendenze significative………………………………………………………….. ......... 45 2.2 Una definizione di cultura………………………………………………………………………… ........ 51 2.3 The Production of Culture Perspective………………………………………………………….. ......... 57 2.4 Il turismo culturale: un modello di diversificazione………………………………………………. ......... 63 3. Dubai come destinazione culturale……………………………………………………………….. ......... 71 3.1 Background………………………………………………………………………………………. ......... 71 3.2 Un deserto culturale o un’oasi della cultura?........................................................................ ......... 79 3.3 Cultural Policies………………………………………………………………………………….. ......... 97 3.4 Nuovi orizzonti di cultural planning……………………………………………………………… -
Isak Venter Receives Geotechnical Gold Medal
April 2018 Vol 26 No 3 Isivili Enjiniyering ISAK VENTER SWARTBERG DUBAI CREEK RECEIVES PASS TOWER: GEOTECHNICAL EMERGENCY FOUNDING AN GOLD MEDAL REHABILITATION ICONIC BUILDING Est 1974 DELIVERING TOP QUALITY GEOTECHNICAL SOLUTIONS FOR OVER 40 YEARS. Fairbrother Geotechnical Engineering is an established Cape Town based company offering a full range of geotechnical solutions. With exceptionally skilled and experienced staff, along with a professional management team, we are able to provide top quality geotechnical solutions throughout Africa. DURBANVILLE - PILING SERVICES OFFERED: DRIVEN CAST-IN-SITU PILING: Pile diameter range LATERAL SUPPORT: Full range of lateral support solutions from 280mm to 610mm with working loads from 250kN which includes a design and construct service. to 1650kN. CFA PILING: Pile diameters of 400mm to 600mm with FORUM BORED PILING: Pile loads of 600kN to 800kN working loads from 500kN to 1650kN. SLOPE STABILISATION: Various forms of rockfall netting MARINE GEOTECHNICAL INVESTIGATIONS: and catch fences with nailed and anchored solutions. 3 Self Erecting Work Platforms (SEWP’s) used primarily for drilling investigations in nearshore and harbour DRILLING & GEOTECHNICAL INVESTIGATIONS environments. BANTRY BAY - LATERAL SUPPORT LAKE MALAWI – MARINE GEOTECHNICAL INVESTIGATION [email protected] (021) 715 5470 4 ESTMIL CLOSE, DIEP RIVER, CAPE TOWN WWW.FAIRBROTHER.CO.ZA FROM THE EDITOR’S DESK Our regular feature (From the CEO’s Desk) stands over until next month Est 1974 DELIVERING TOP QUALITY GEOTECHNICAL SOLUTIONS FOR OVER 40 YEARS. Fairbrother Geotechnical Engineering is an established Cape Town based company offering a full range of geotechnical solutions. When God dropped our magazine With exceptionally skilled and experienced staff, along with a professional management team, we are able to provide top quality geotechnical solutions throughout in the rubbish bin Africa. -
FY-2017-Annual-Report.Pdf
Table of Contents Introduction At a Glance ................................................... 04 Note from the CEO ....................................... 06 Group Overview ......................... 10 Our History ................................................... 12 Decades of Building Egypt ........................... 14 Geographic Diversification ........................... 16 Our Brands ................................................... 18 Our Strategy ................................................. 28 Construction Materials & Investment ............ 30 New Capital Power Plant, Egypt New Assiut Barrage, Egypt Operational Review............... 36 Concessions & Infrastructure Investments ... 64 Management Discussion & Analysis ....... 66 Our People ........................................ 72 Corporate Governance ..... 80 Our Board of Directors ................................. 82 Our Corporate Governance Structure .......... 86 USD Risk Management and Controls ................... 88 Risk Management Approach ........................ 94 BN Statement of Directors ................................. 96 Corporate Social 6.4 Responsibility ............................... 98 Pro forma backlog as of FY 2017 El Alamein Road, Egypt Financial Statements ........ 106 + + USD AT A GLANCE 65 70K 3.7 BN Years of contracting Employees Revenues for FY 2017 experience Orascom Construction Ltd. currently reported USD USD “ a pro forma backlog BN BN of USD 6.4 billion and 10 6.4 3.5 consolidated revenues of countries where OCL has pro forma backlog -
AZIZI Riviera Generic Phase 3 Brochure
www.aziziriviera.com Building 37 I Type 5 For training purpose only, not for sale. Will Change The Way You Live CEO’S MESSAGE Dubai’s dynamic real estate market deserves a new community lifestyle paradigm. We are pleased to bring you our vision for the ultimate in contemporary community living inspired by the stunning and vibrant French Riviera. As a premier real estate developer, our projects strive to embody the UAE’s multicultural and diverse outlook on life. Driven by passion, vision and promise to deliver the highest standards, we are reshaping the meaning of community living in prestigious neighbourhoods of Dubai and demonstrating our capability to deliver unique projects. Our vision for Azizi Riviera is to create new quality living spaces nestled in elegant enclaves reminiscent of the beauty and serenity from St Tropez to Cannes. Peace and privacy indoors and vibrant promenades outdoors, Azizi Riviera is a perfect reflection of the Riviera community living with a contemporary twist. The design, architecture and locale, with its gardens and waterfront boulevards will transport you to the heart of the Riviera lifestyle. With a multitude of possibilities from the highly anticipated EXPO 2020 and Vision 2021, we are confident that Azizi Riviera will prove to be a prized investment opportunity for years to come. Farhad Azizi CEO, AZIZI Developments Embrace the new Riviera lifestyle Positioned in the prestigious Meydan One project, Azizi Riviera is set within a multiphase development of 71 buildings spread across four phases comprising 13 regions, a mega integrated retail district, vibrant four and five-star hotel and lush greenery. -
2021/22 Issue
Coordinated by 2021/22 ISSUE © ARAB FASHION WEEK 2021, ALL RIGHTS RESERVED TABLE OF CONTENT ABOUT ARAB FASHION COUNCIL 3 ABOUT ARAB FASHION WEEK 4 MILESTONES 6 THE FASHION ICONS AWARD 7 CELEBRITIES 11 CALENDAR 12 VENUE 14 MEDIA 15 AUDIENCE 17 PROPOSAL 18 BENEFITS EXAMPLES 20-34 2 THE COUNCIL Founded in 2014, the Arab Fashion Council has the mission to develop and nurture the creative industry in the Arab world. The Arab Fashion Council work supports the United Nations Sustainable Global Goals through entire process of executing its vision. 1 COUNCIL FOR 22 COUNTRIES SIMILAR INTERNATIONAL ORGANISATIONS THE FASHION WEEK The Arab Fashion Week (AFW) is the only official fashion week and one of the world’s 5 most important fashion events alongside New York (NYFW), London (LFW), Milan (MFW) & Paris (PFW). 4 ● Named Lebanese Superstar, Maya Diab, Fashion Icon of the Arab World. ● 15 fashion week editions hosted in 5 years. ● Presenting over 465 brands to the Middle ● One of the Top 5 Fashion Week East and Paris. globally ● 52 different countries participated at the ● The only Men’s Fashion Week in Arab Fashion Week. Asia and Middle East. ● 135,000 audience attended our shows in ● The only Fashion Week to have person. gone Virtual with streaming the ● 11850 international guest travelled to shows online in the Middle East and attend the event. achieved a reach exceeding 1.5 ● Over 14250 hotel rooms books till today. Billion. ● Over 57000 people tagged us on ● Made history in Riyadh by hosting Instagram. the first fashion week in the Saudi ● Over 5.2 Billion media and social media Arabia in April 2018. -
The Pride of Our Nation
THE PRIDE OF OUR NATION ANNUAL REPORT 2018 CONTENTS LETTER TO SHAREHOLDERS 03 BUSINESS OVERVIEW 08 FINANCIAL HIGHLIGHTS 10 PROPERTY BUSINESS 12 PROJECT HIGHLIGHTS 16 JOINT VENTURE PROJECTS 38 HOSPITALITY & LEISURE 72 SHOPPING MALLS & RETAIL 86 INTERNATIONAL OPERATIONS 99 BOARD OF DIRECTORS 109 PRINCIPAL OFFICERS 125 GROUP STRUCTURE 127 LETTER TO SHAREHOLDERS “You inspire us, year after year, to push ourselves, set new benchmarks, and create long-term value for the Company and our nation.” I thank you for your continued support to your Company. A defining factor that has highlighted our evolution, especially in recent years, is the true sense of ownership across all levels of operation by every member of the Emaar family. 2018 EMAAR ANNUAL REPORT | 03 While we have created, literally, the spirit of ownership for our customers FIRM FUNDMENTALS through our master-planned communities, I have always believed that organisations perform best when it builds an ‘ownership culture’ that Your Company recorded exceptional growth in 2018. That is the result touches every employee. of the agility and flexibility with which we have operated in today’s fast- changing environment. With an ownership mindset, every action they take is guided by the organisational values, which, in turn, enable cost consciousness, resource We recorded a net operating profit of AED 7.216 billion, a growth of 30 use optimisation and higher levels of efficiency and productivity. And that per cent over 2017, prior to considering the effect of the IPO of Emaar is what has enabled us to achieve exceptional financial performance, even Development and forex movement. -
Brochure Are for Illustrative Purposes Only
AN EXUBERANT UNIVERSE, EVOCATIVE, EVOLVING & EXPANDING Accor, along with its partner sbe, is proud to introduce SLS Hotels & Residences – first SLS property in Dubai. This project will be an essential addition to the group’s lifestyle brands worldwide. Accor is a world-leading augmented hospitality group offering unique and meaningful experiences in almost 5,000 hotels, resorts, and residences across 110 countries. With an unrivalled portfolio of brands from luxury to economy, Accor has been providing hospitality savoir-faire for more than 50 years. Beyond accommodations, Accor enables new ways to live, work, and play with Food&Beverage, nightlife, wellbeing, and coworking brands. Luxury Premium Midscale Economy Elegance with a twist I S LUXURY REMIXED SLS is the home of the extraordinary experience. Culinary artistry, theatrical interiors, subversive design touches and unexpected indulgences. With leading developers, architects, designers & chefs, SLS is anticipating, innovating and shaping the future of luxury lifestyle living. SLS has been designed to seamlessly weave together a magical collection of complimenting services and experiences; a holistic approach to luxury living that’s meticulously curated and created to ensure our guests never want, or ever need to leave. A playground in which to dine, live, love, play and be inspired. The SLS dream is expanding and evolving, reinterpreted through the creative visions of a diverse ensemble of leading designers, architects and chefs. VISIONARY HOSPITALITY A NEW PARADIGM OF LUXURY SLS DUBAI Redefiningthe future of luxury living Boasting 946 units, with 254 uniquely designed hotel rooms, 321 hotel apartments and 371 branded residences, spread over 75 floors, SLS Dubai will be one of the tallest hotels and residences in the region.