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Dubai Review 2020 – 2021 Outlook
Dubai Review Outlook www.valustrat.com ValuStrat Price Index – VPI Dubai Residential Base: January 2014=100 ValuStrat Price Index – VPI Dubai Office Base: January 2015=100 All prices are quoted in UAE Dirhams unless otherwise stated Sales and Rent performance are measured on a quarterly basis while hotel performance are on yearly basis 2020 Review FIRST QUARTER REVIEW 2020 VPI Residential VPI Residential VPI Office Capital Values Rental Values Capital Values 73.3 69.6 63.1 -10.1% -8.9% -14.7% Y-o-Y Y-o-Y Y-o-Y Residential Ready Residential Ready Ticket Size Sales Volume 1.71m 3,491 AED Transactions 0.6% -0.3% Q-o-Q Q-o-Q Residential Off-Plan Residential Off-Plan Ticket Size Sales Volume 1.45m 5,224 AED Transactions -8.6% -26.3% Q-o-Q Q-o-Q Office Sales Office Sales Office Ticket Size Volume Rent 0.92m 269 863 per sq m AED Transactions AED -17.9% 11.2% -5.2% Q-o-Q Q-o-Q Q-o-Q Jan COVID - 19 PANDEMIC • The VPI – residential capital values for Dubai as of March 2020 stood at 73.3 points, dipping 0.9% since February, -10% annually. 1W • First confirmed case in the UAE recorded on 29th January • The Dubai VPI for residential rental values during Q1 2020 stood at 69.6 points, • Suspension of all flights except cargo, halting operation of major public mass declining 1.7% quarterly and 8.9% annually. On an annual basis, apartment and transport (Dubai Metro and Tram) villa asking rents fell 9.4% and 8% respectively • Countrywide curfew and disinfection drive started • VPI for Dubai’s office capital values stood at 63.1 points, suggesting that -
Urban Megaprojects-Based Approach in Urban Planning: from Isolated Objects to Shaping the City the Case of Dubai
Université de Liège Faculty of Applied Sciences Urban Megaprojects-based Approach in Urban Planning: From Isolated Objects to Shaping the City The Case of Dubai PHD Thesis Dissertation Presented by Oula AOUN Submission Date: March 2016 Thesis Director: Jacques TELLER, Professor, Université de Liège Jury: Mario COOLS, Professor, Université de Liège Bernard DECLEVE, Professor, Université Catholique de Louvain Robert SALIBA, Professor, American University of Beirut Eric VERDEIL, Researcher, Université Paris-Est CNRS Kevin WARD, Professor, University of Manchester ii To Henry iii iv ACKNOWLEDGMENTS My acknowledgments go first to Professor Jacques Teller, for his support and guidance. I was very lucky during these years to have you as a thesis director. Your assistance was very enlightening and is greatly appreciated. Thank you for your daily comments and help, and most of all thank you for your friendship, and your support to my little family. I would like also to thank the members of my thesis committee, Dr Eric Verdeil and Professor Bernard Declève, for guiding me during these last four years. Thank you for taking so much interest in my research work, for your encouragement and valuable comments, and thank you as well for all the travel you undertook for those committee meetings. This research owes a lot to Université de Liège, and the Non-Fria grant that I was very lucky to have. Without this funding, this research work, and my trips to UAE, would not have been possible. My acknowledgments go also to Université de Liège for funding several travels giving me the chance to participate in many international seminars and conferences. -
The World at Your Feet. Info@Messe–Me.Com Tel
The venue The Dubai International Convention and Exhibition Centre has become the most successful venue in the Middle East. With its state of the art facilities, its easy access to and from the airport, shops, restaurants and hotels, it is the ideal setting for the DOMOTEX middle east 2006 carpets and floor coverings exhibition. Dubai - Centre of industrial development The development of the first Free Zone 20 years ago was an important step in creating the future of Dubai. Today, the Jebel Ali Free Zone is the biggest Free Zone in the Middle East with more than 8,000 registered companies. Newer Free Zones such as Media City, Internet City and Knowledge Village are rapidly growing due to the increase in demand from the outside world. Soon, Dubai will develop Free Zones for publishing, printing, manufacturing and Bio-technology to meet the needs of its consumers as well as to maintain its key position amongst rest of the world. The city has a healthy mixture of small and middle-sized businesses as well as wholesale and retail on many different levels. Dubai actually hosts more than one million people from over 130 different countries, with an expatriate rate of more than 70 percent. What has assisted in the region's growth is a newly formed law, enabling expatriates to purchase their own property. This has increased the number of investors and expatriates establishing their private homes here in the UAE, from all over the world. Booking details Space only – USD $315 per square metre. Shell Scheme – USD $365 per square metre. -
Dubai, UAE Fact Sheet Vision Without Action Is Merely a Dream
Dubai, UAE Fact Sheet Vision without action is merely a dream. Action without vision just passes the time. Vision with action can change the world. – Joel Barker Did you know that…? ♦ Dubai is on target for 11% annual growth in 2007 ♦ Dubai is strategically placed between key financial hubs in Asia with Hong Kong to the East and Europe to the West ♦ Dubai is roughly the same size as Rhode Island ♦ Two UAE women executives feature in the top ten most powerful Arab businesswomen, according to a Forbes survey ♦ Emirates Airlines is Boeing’s biggest customer and will become the world’s largest long‐haul carrier by 2012 ♦ The UAE posts the lowest software piracy rate in the region for the past 10 years ♦ Emaar Properties is the largest real‐estate company in the world in terms of market capitalization ♦ Dubai contains an 80‐meter indoor ski slope in the middle of the desert ♦ Dubai opened the first gold exchange in the Middle East ♦ More than 40 television stations broadcast from UAE ♦ The UAE‐USA Defense Cooperation Agreement was enacted in 1994 ♦ UAE Ports host more US Navy Ships than any port outside the USA ♦ Emaar’s Burj Dubai will be the world’s tallest building at 2,300 ft. when completed ♦ The spacious luxury of Jumeirah’s Burj al‐Arab’s 27 double‐height stories make it the world’s tallest hotel and the world’s only “seven‐star” hotel ♦ UAE boasts the highest travel and tourism economic activity per capita in the world ♦ At 78 years, life expectancy has reached levels comparable to Europe and North America ♦ Dubai contains extravagant -
The Height of Luxury in the Heart of Palm Jumeirah
The height of luxury in the heart of Palm Jumeirah The Palm Tower is an awe-inspiring landmark soaring majestically 240 metres from the heart of the world-famous Palm Jumeirah. Discover elegant design, luxury living, a convenient location and access to world-class amenities. The Palm Tower Residences. This is elevated living. 2 3 This is elevated living 4The Palm Tower 5 ABOUT DUBAI Cosmopolitan living in a spectacular destination Dubai, in the United Arab Emirates, is a cosmopolitan city that blends modern living with traditional Arabian values. Strategically located between the East and West, Dubai is a global commercial hub with two international airports, one that is the world’s busiest hub for international travel and another en-route to becoming the world’s largest airport. The spectacular metropolis is one of the fastest growing cities in the world and is home to many famous landmarks, including the iconic Palm Jumeirah. With thriving residential communities and majestic waterfront developments, as well as exceptional shopping, leisure and entertainment attractions, Dubai offers an unrivalled quality of life and is one of the most sought-after destinations for business, living and tourism. Dubai presents a range of attractive investment opportunities, with over $15.7 billion* in real estate transactions conducted by people from more than 217 nationalities during the first quarter of 2018, and continues to offer a safe return on investment. *Source – Dubai Land Department Palm Jumeirah A vibrant metropolis filled with incredible opportunities Dubai Creek 6 ABOUT DUBAI 7 PALM JUMEIRAH A distinctive lifestyle, right on your doorstep Palm Jumeirah has some of the world’s most stunning residential properties, retail attractions and leisure facilities, as well as over 23 luxury hotels and resorts operated by some of the most prestigious names in hospitality, all across three main areas - the trunk, crescent and fronds. -
However the Ugly Face of the So Called "Dubai Model" Which Was Based Upon Debt and Speculation, Was Hiding Somewhere in the Breakneck Boom
What is Dubai Crisis? y The Dubai Debt Crisis 2009 has been called by economists a consequence of real estate bubble burst when on November 26, 2009 vaDubai proposed to delay repayment of its debt which includes delay in the payment of $ 59 Billion debt on Dubai World, the investment vehicle for the emirates for 6 months. Dubai's Economy: y Dubai has one of the most unique and unusual economies in the world. Dubai has numerous free zones including Jebel Ali free zone, Dubai Maritime City, Dubai Internet City, and Dubai Media City. y Contrary to the general assumption that Dubai's economy is totally driven by oil and gas,It is a fact that oil sector only comprises less than 6% of the economy of Dubai. y In fact, Dubai's portion of natural gas revenues in the United Arab Emirates is only about 2%. Dubai's oil production is estimated to be about 240,000 barrels per day. y It is true that Dubai's economy was built on the back of Oil Money but Dubai's oil reserves have diminished significantly and are expected to be exhausted in 20 years. y The other largest contributing sectors of Dubai economy are Real estate and construction (22.6%), trade (16%), (15%) and financial services (11%) (all are 2007 figures). Diversifying to Real Estate: y In 2000, Dubai Financial Market (DFM) was established. It was established as a secondary market for trading securities and bonds, both local and foreign. During that time the Government decided to diversify Dubai's economy from a trade-based, but oil-reliant, economy to one that is service and tourism-oriented has made real estate more valuable. -
Founder's Awards 2016
The latest buzz, news and outlook from inside the heart of Cravia. A monthly affair. FOUNDER’S Issue #79 | June - July 2016 AWARDS 2016 To participate in please send an e-mail to [email protected] IN THIS ISSUE OF THE BUD 03 Founder’s Awards 2016 09 Senses Iftar at Zaatar w Zeit 10 Cinnabon 11 Wall of Fame 13 Birthday’s 18 Sales Reports 19 Games 19 Quotes 19 Fun Facts 2 CRAVIA celebrates another Year of Achievement at the Founder’s Awards with a YES ATTITUDE Cravia Group has hosted another successful team will leverage Fajr Capital’s global network Founder’s Awards Event – the company’s annual to increase the company’s presence in existing function which celebrates the company’s successes markets, and penetrate new markets such as and all the great efforts achieved by the team Bahrain and Qatar. over the past year. Around 460 employees from Cravia’s head office and its renowned brands - Mr. Louay made a presentation to the team that Cinnabon, Seattle’s Best Coffee, Zaatar w Zeit outlined the company’s results and developments and The Steak Bar, including representatives over the past year, highlighting the company’s from their partner Al Fajr Group attended the plans for the future, which included Zaatar w event, which was held in the Atlantis Hotel, The Zeit opening three outlets in the UAE earlier Palm on June 8th 2016. this year year and one outlet in KSA, and the upcoming opening of five outlets in KSA. He also Special recognition was given to Cravia team announced the opening of five new Cinnabon members who have excelled in their duties, going outlets in the UAE, and three recently renovated above and beyond the already high standards that outlets. -
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. -
An Expert Guide to Dubai
Trip.Expert Team Online Itinerary [email protected] Profile Page An Expert Guide to Dubai Sunday, 03-OCT-2021 - Friday, 08-OCT-2021 Rise high from the hot desert sand, Dubai is exemplary to the city of the future and home to architectural masterpieces and mind-blowing achievements. The ascending popularity of Dubai among tourists in recent years is due to its inexhaustible range of attractions and uncompromised award-winning hospitality and tourism standards. The lavish, sunlit and splendidly photogenic city offers you an opportunity to enjoy the astonishing skyline, fabulous beaches, breathtaking natural scenery, and world record- breaking attractions. Enchanting conjunction of flashing ultra-modern city and the mysterious Arab desert ways, Dubai is a top destination to visit. A place like no other where anyone can find exciting experiences that will create unforgettable memories for a lifetime. Trip.Expert © 2021 All rights reserved 1/21 Trip Summary Day 1 - Sunday, 03-OCT-2021 1 09:00 - 10:00 Burj Al Arab Google Maps Waze 2 10:30 - 12:00 Souk Madinat Jumeirah Google Maps Waze 3 12:00 - 14:00 Madinat Jumeirah Google Maps Waze 4 14:30 - 17:30 Ski Dubai Google Maps Waze 5 17:30 - 20:00 Mall of the Emirates Google Maps Waze Day 2 - Monday, 04-OCT-2021 1 09:00 - 10:00 Palm Jumeirah Google Maps Waze 2 10:00 - 15:00 Aquaventure Waterpark Google Maps Waze 3 15:30 - 18:30 Skydive Dubai Google Maps Waze 4 19:00 - 20:00 Dubai Marina Google Maps Waze 5 20:00 - 21:00 The Walk JBR Google Maps Waze 6 21:00 - 21:30 Ain Dubai Google Maps Waze Day 3 -
Conference Full Paper Template
PT-2013: Coastal and Ocean Engineering ENGI.8751 Undergraduate Student Forum Faculty of Engineering and Applied Science, Memorial University, St. John’s, NL, Canada April, 2013 Paper Code. (PT-2013 - Higgins) Engineering Challenges of Dubai’s Palm Jumeirah Kathy Higgins Memorial University of Newfoundland St. John’s, NL, Canada [email protected] ABSTRACT Dubai is the largest city in the United Arab Emirates (UAE) and is quickly developing into a worldwide cultural and business hub. Its economy is driven by the oil and gas industry, and since the country first began to export oil in 1962, the UAE has morphed from a series of modest fishing communities, to a major economic centre. The financial boom of the oil and gas industry has contributed to the construction of the world’s tallest skyscraper and the world’s largest shopping mall, as well as a flourishing tourism industry. Dubai is constantly pushing the limits of design innovation, which undoubtedly contributes to its touristic appeal. One feature in particular is Palm Jumeirah, which is the first of a series of artificial islands located off the coast of Dubai, in the Persian Gulf. The island is formed in the shape of a palm tree with a protective crescent-shaped breakwater partially enclosing it. The island and breakwater house commercial and residential infrastructure, and adds 78 kilometres to the Dubai coastline. Government owned Nakheel Properties is responsible for the concept and construction. The island was designed by a team of over 40 consultants providing solutions to coastal, material and transportation related concerns. Construction was undertaken by European dredging and marine contractors and began in June 2001. -
Family Office Forum Brochure Dubai
Amongst the many VIP speakers are: Family Office Forum Dubai, 6-7 February 2018, The Palace Downtown Dubai Lulwa Al Sudairy Board Member and Partner Mansour Al-Mosaid Group Princess Tessy of Luxembourg Join us when more than 100 genuine* Family Offices, Principals and UHNWI meet and benefit from substantially more wealth owners being present HRH Queen Zaynab-Otiti Obanor than providers: Key topics are Family (such as Governance, Next Gen, International structures) plus Investment Best Practice (as in Private Equity, Real Estate or Liquid Assets) Benefitfrom presentations and CIO roundtables, all day networking, non-stop H.E. Mr. Zulfiquar Ghadiyali refreshments, dedicated networking breaks, lunches and drinks reception. Chairman of the Private Office H. H. Sheikh Tahnoon Bin Saeed Register: Principals or Family Offices as in our definition below have free Bin Tahnoon Al Nahyan admission, solution providers simply register at www.prestelandpartner.com or by email to us. Mishal Kanoo * Our definition of a genuine Family Office demands a minimum of USD 150 million Free Entry for genuine* Chairman of the Kanoo Group and working for one or a few (not a solution provider to many 3rd parties). and Single Family Offices Partners Dynamo Magician Impossible Ismael Hajjar Director MENA Private Client Services Leader, EY Price Bailey WEALTH SOLUTIONS Gabor George Burt Business Tranformationist, Innovation Pioneer, Founder developing Economic, Ecological and Ethical values Slingshot Framework Join us! Register online at www.prestelandpartner.com by email [email protected] or phone +44 (0) 20 339 7139 0 Overview Family Office Forum Dubai, 6-7 February 2018, The Palace Downtown See what attendees have to say: We share the same vision in holding a critical event to address the topics of Family Business. -
DUBAI Cushman & Wakefield Global Cities Retail Guide
DUBAI Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Dubai | 2019 0 Dubai has developed into the retail hub of the Middle East and is the most sophisticated retail market in the region. The proliferation of retail development over the last ten years has led to Dubai having one of the highest retail to population densities in the world. It finished ahead of New York and London for shopping in TripAdvisor’s recently published second annual Cities Survey. Perhaps the best known of Dubai’s plentiful selection of retail malls is The Dubai Mall which is located in the heart of the prestigious Downtown Dubai and is one of the world’s most-visited retail and entertainment destination, having welcomed more than 80 million visitors annually over the last five years. Dubai Mall provides over 1,350 retail stores and over 200 food and beverage outlets, together with leisure and entertainment attractions. Its most recent expansion in 2017 provides connectivity to the attractions and amenities in the neighbouring Burj Khalifa. Other high- profile retail malls that dominate the retail market include Mall of the Emirates and Dubai Festival City. International retail brands are predominantly operated under license by ‘retail partners’ who hold licenses for multiple brands in their portfolios. These include groups such as Al Shaya, Landmark and Majid Al Futtaim. Often these retail operators can also be mall developers in their own right. These companies are very powerful in the retail sector and can make the difference between a new mall development securing attractive brands or struggling to attract the right brands and potential failure.