New Land in the Water: Economically and Socially, Land Reclamation Pays 3

Total Page:16

File Type:pdf, Size:1020Kb

New Land in the Water: Economically and Socially, Land Reclamation Pays 3 New Land in the Water: Economically and Socially, Land Reclamation Pays 3 RENÉ KOLMAN NEW LAND IN THE WATER: ECONOMICALLY AND SOCIALLY, LAND RECLAMATION PAYS ABSTRACT areas must fulfil specific technical and are available throughout the interiors of many maritime requirements. When they do, land countries, the same rule that applied in the Port cities and other coastal areas are centres of reclamation can be prepared in a way that ancient times when people settled near seas, economic activity and act as motors for national preserves the maritime environment while oceans and rivers, applies now: Coastal areas prosperity. They are magnets for people from providing new living and working spaces. attract people. Today about half the world’s surrounding, often rural, areas who seek jobs The article will demonstrate through a case population lives within 100 km of water. and want to share in the prosperity. This is study that reclamation is a viable solution And this trend continues to grow. Eight of true both in the developed world and in for seawards expansion. Early contractor the largest ten cities are along a coast and economically emerging nations. The United involvement, stakeholder involvement, urbanisation is evident around the world. Nations foresee a population growth up to environmental monitoring and the business The demand for additional land for housing, 9 billion people in 2050 of which the majority case itself will be addressed. industry and recreation along the coasts is will live in coastal zones. Adding population becoming steadily more acute. If cities can’t growth to the trend of migration from rural This article was originally published as an grow outward, they grow upwards resulting to urban areas means port cities face an Internet contribution for the AIVP “13th World in more congestion in terms of industry, roads enormous challenge to accommodate Conference Cities and Ports” and can be and demand for services. everyone in terms of housing, employment, found at http://www.citiesandports2012.com education, recreation and transport. or http://www.aivp.org. It is published here While this trend might have at one time with permission in a slightly adapted version. seemed insurmountable, from the 1970s More people create more economic activity, onwards the dredging industry has developed which attracts more people, which creates more new technologies for creating new land in the economic activity. For governing authorities INTRODUCTION water. As a result, “buying” new land by this self-perpetuating process is an enormous “making” it through reclamation is turning challenge. Often natural geographic limitations In 2005 the global population was 6 billion. out to be less expensive than developing old – such as mountains, rivers or deserts – prevent The United Nations predicts that by 2050 it land. The old adage, “Buy land – they’re not expansion into the hinterland. How do we will grow to 9 billion. While vast areas of land making it any more” is no longer true. meet this challenge? How do we create space to accommodate growing populations? Above: The IJburg land reclamation in Amsterdam, PIONEERS IN LAND RECLAMATION The Netherlands will result in almost 20,000 new The first major land reclamations were done in Land reclamation – making new land in the residences built in IJmeer (a lake). Urban areas and port the 1970s, when the Port of Rotterdam in the sea – can be the answer. To expand in the cities have always been a magnet for populations as they Netherlands was extended with sand suppletion direction of the sea, port cities and coastal provide work opportunities as well as water for recreation. from the sea with the first Maasvlakte reclama- 4 Terra et Aqua | Number 128 | September 2012 Figure 1. The first Maasvlakte expansion in the 1970s (left) was followed by the 2nd Maasvlakte expansion programme which is presently being executed. tion (Figure 1). This extension allowed the port 24 hours a day. Reclamation is the highly NEW TECHNOLOGY MAKES LAND to continue to develop and to accommodate populated island state has continued through RECLAMATION POSSIBLE more ships and it helped Europoort to add the 1980s, 1990s to the present. Hong Kong’s Expansion into the sea is not just for airports. container terminals and become the largest in Chek Lap Kok airport is now legendary for the In the 1970s and ‘80s, land reclamation projects Europe at the time, providing jobs and skill and speed with which it was built – continued to increase. In Japan, near Kawasaki stimulating the economy without infringing replacing the old airport that had passengers in Tokyo Bay land was developed for industrial upon an already congested city. holding their breaths as they cruised in to land estates where for the first time sand was between skyscrapers (Figure 2). extracted from the seabed from depths that This was the start of the modern era of land exceeded 80 metres. This was made possible by reclamation which rapidly spread around the But elsewhere airports were also being built a deep-suction dredging technique that opened world. In 1975 the government of Singapore on reclaimed land – in Brisbane and Sydney, up possibilities for large-scale reclamation. decided to build a new airport on the eastern Australia (Figure 3), and Kansai airport near Jurong and Tuas along the coast of Singapore, tip of Singapore. The now famous Changi Osaka, Japan (Figure 2). This trend has Keelung and Yun Lin in Taiwan, and big parts airport was built with over 40 million cubic continued in the 21st century with projects of Hong Kong like Penny’s Bay have benefitted metres of sand reclaimed from the seabed, such as the New Doha International Airport in from the large-scale applications of the using 7 cutter suction dredgers working Qatar (Figure 3). centrifugal pump and the ever-increasing size Figure 2. Far eastern airports in the sea include from left to right: Singapore’s Changi (where vertical drains were used to expedite subsoil consolidation), Hong Kong’s Chek Lap Kok (where a natural habitat was preserved and integrated into the land reclamation) and Japan’s Kansai airport (the 2nd phase expansion is shown here). New Land in the Water: Economically and Socially, Land Reclamation Pays 5 RENÉ KOLMAN is Secretary General of the International Association of Dredging Companies, the umbrella organisation for the world-wide private dredging industry. He studied at the Nautical School in Rotterdam and holds a degree in Economics from the University of Groningen, The Netherlands. Before coming to IADC, He was Deputy Credit: Jim Wilson Managing Director of the Dutch Landscaping Contractors Association. As Secretary General, he takes a leading role in promoting the industry’s longstanding commitment to innovation and sustainability. Figure 3. Left, Sydney, Australia’s third runway being built on reclaimed land in the 1990s and right, the New Doha International Airport, Qatar in 2004. of dredging ships, which takes advantage of Beach nourishment has long been seen as a replenished each year and the coastlines of economies of scale. necessity for coastal protection, but nowadays India, Sri Lanka and Indonesia have been it is also a form of extending living and restored after the tsunami. The coasts of the In the waters near Amsterdam, the Netherlands recreational possibilities. These improve the Netherlands and Belgium are also replenished new land was created called IJburg, which quality of life for millions of people. Australia’s annually and new projects such as the combined land reclamation and new techniques coastline and fine beaches are an essential Flanders Bays and EcoShape / Building with to build land for residential areas that are part of the allure of Australia – for its own Nature programmes initiated in those now thriving (see opening photo). Even in population as well as millions of tourists each countries are researching more sustainable the Maldives, new land has been claimed year. systems of maintaining these beaches such as from the sea to build a new island called the ‘sand motor’ (figure 6). These land Hulhumale next to Male, the country’s capital Currumbin-Tugin Beach on the Gold Coast of reclamation projects are as much for coastal (Figure 4). What motivated these reclama- Australia was in dire straits before reclamation protection as for providing more land for tions so far from each other was the same took place (Figure 5). The same can be said of overcrowded cities. challenge: crowded, overpopulated urban Spain’s Mediterranean and Atlantic coasts and areas and the availability of modern dredging many other coastal areas. The east and west Perhaps the most famous recent coastline technology. coasts of the United States are also and waterfront improvement projects for Figure 4. In the Maldives, new land has been reclaimed Figure 6. Aerial photo (June 2011) of the sand motor, from the sea to build a new island called Hulhumale a pilot project along the Dutch coast which seeks to next to Male. This has relieved some of the Figure 5. The Gold Coast of Australia before and after find more sustainable means to combine beach overcrowding on Male itself. beach restoration. replenishment and coastal protection. 6 Terra et Aqua | Number 128 | September 2012 Figure 7. Doha, Qatar (right) and Bahrein (left) have all benefited from new dredging technologies that have made land reclamation more feasible and economical. expansion purposes have taken place in the • Available construction Even when taking into account additional 21st century, centred in the Middle East, with • Availability of modern, hi-tech dredging costs for elements like shore protection, soil massive development projects. Amongst equipment (Figure 8) improvement and site preparation, the all- them, the Palm Islands near Dubai, UAE which • Production capacity of dredging equipment inclusive costs of most reclamation projects through land reclamation and construction, • Quality of the contractor have remained below € 500 per square has increased Dubai’s coastline with some • Early contractor involvement and partnering metre.
Recommended publications
  • 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
    [Show full text]
  • 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.
    [Show full text]
  • Soil Improvement/ Land Reclamation
    Unearthing Sustainable www.nwbiosolids.org Solutions SOIL IMPROVEMENT/ Fact Sheet LAND RECLAMATION Biosolids provide nutrients and organic matter to damaged soils, enabling renewed plant growth. SEEKING SOLUTIONS Our collective footprint as humans has disturbed native landscapes and underlying soils. Heavy equipment used in construction can compact soils. Mining can result in loss of topsoil. Overgrazing disturbs native vegetation and wind and water erosion occurs when ecosystems are disturbed. Following this damage, soils are often unable to support plant life due to lack of nutrients and organic matter, compaction, altered pH and other ecosystem changes. BENEFITS OF BIOSOLIDS Disturbed soils can be restored and revitalized Before and after a reclamation with biosolids through the addition of organic matter. Nutrient-rich, organic biosolids replace lost can access over time. Soil, following biosolids topsoil and improve soil fertility and stability, application is better aerated and lighter. Water thus decreasing erosion and aiding in revegetation. enters into the soil rather than eroding off the soil Biosolids have been used successfully to reclaim surface. Unlike nutrients in commercial fertilizers, large construction sites, surface mines, parks nutrients added in the biosolids will stay in the and road cuts. Biosolids composts are an topsoil over time and the restored ecosystem excellent organic soil for building or renewing will prosper over time. wetlands. Wildlife habitat and rangelands have been restored using biosolids products. WHAT’S HAPPENING Here are some of the ways biosolids have HOW IT WORKS reclaimed damaged soils: Soil improvement and land reclamation projects use onetime or infrequent applications of large · Wildlife habitat enhancement - Invasive plants quantities of biosolids to increase the amount like Scotch broom and blackberry vines can of nutrients and organic matter in the poor or take over natural wildlife habitats.
    [Show full text]
  • AML Pilot Program) for FY 2016 – FY 2017
    Report on Abandoned Mine Land Reclamation Economic Development Pilot Program (AML Pilot Program) for FY 2016 – FY 2017 Prepared by the Office of Surface Mining Reclamation and Enforcement (OSMRE) Prepared by the OSMRE Program Support Directorate March 28, 2017 Page 1 of 18 I. Introduction and Background The Abandoned Mine Land Reclamation Economic Development Pilot Program (AML Pilot) for FY 2016 was authorized by Congress under the Consolidated Appropriations Act, 2016 (Public Law 114-113) and enacted on December 18, 2015. Administered by the Office of Surface Mining Reclamation and Enforcement (OSMRE), the AML Pilot provided $30 million of US Treasury Funds to each of the three Appalachian state AML Programs (Kentucky, Pennsylvania and West Virginia) which have the highest amount of unfunded coal-related problems that are classified as Priority 1 and Priority 2 abandoned mine lands sites and inventoried in the Enhanced Abandoned Mine Land Inventory System (e-AMLIS). The AML Pilot funds are to be used “for the reclamation of abandoned mine lands in conjunction with economic and community development and reuse goals”. This report describes implementation actions for the AML Pilot. II. Implementation of the AML Pilot Program OSMRE facilitated a meeting on February 24, 2016, in West Virginia with state AML Program staff from Kentucky, Pennsylvania and West Virginia to obtain input on the implementation on the AML Pilot Program. A second meeting was held on March 16, 2016, in Lexington, Kentucky to solicit input from additional stakeholders on the AML Pilot. OSMRE also participated in workshops with economic development organizations convened by the Appalachian Regional Commission (ARC) in the three states to provide information about the AML Pilot Program and to encourage state and local economic developers to identify opportunities to align and leverage their efforts with AML reclamation projects.
    [Show full text]
  • Fehmarnbelt: a New Green Link Between Germany and Denmark
    PROJECT FEHMARNBELT: A NEW GREEN LINK BETWEEN GERMANY AND DENMARK An aerial view of the Fehmarnbelt's site on the island of Fehmarn in Germany, situated adjacent to the Puttgarden ferry harbour. Photo Jan Kofod Winther Femern AS 6 TERRA ET AQUA The Fehmarnbelt Fixed Link is a joint Danish and To be built in northern Europe and connect German transport Scandinavia with Germany, the Fehmarnbelt infrastructure will be the world’s longest immersed tunnel. The infrastructure will close a major gap in the project across the European transport network, reduce the risk of Fehmarnbelt. shipping collisions, energy consumption and create a new region in Europe, while also fostering the development of new nature and recreational landscapes by Working with Nature concepts. Presentation of the project The Fehmarnbelt Fixed Link – the proposed eastern route between Germany and Denmark – has been planned for a long time in an effort to create a rapid connection between the two countries with a faster and shorter link (see Figure 1). It will also close a major gap in the Scandinavian-Mediterranean corridor which is part of the European transport network. Once opened, the journey for freight trains between Hamburg and Scandinavia will reduce by 160 kilometres. The Fehmarnbelt Fixed Link is a joint Danish and German transport infrastructure project across the Fehmarnbelt. Denmark is responsible for the planning, construction and operation of the Fehmarn Fixed Link. To carry out this task, the government of Denmark has established the company Femern A/S which is 100% owned by the Danish State and represented by the Danish Ministry of Transport.
    [Show full text]
  • Nakheel Properties for Rent in International City
    Nakheel Properties For Rent In International City Nourishable Dewey sometimes splosh his oars unequally and urbanising so untidily! Dilemmatic Zack blinks some volcanizeincorporeity too after tiredly? differential Willis masticates disconcertingly. Andrew remains pianissimo: she imbibed her Heaviside Luxury living in accordance with the dazzling city dubai across dubai in nakheel international city centre mirdif area and tourism district attendance zone is straightforward, health advisories for rent in Facebook gives people the needle to diverse and makes the world would open and connected. We are an company dealing with investment consultancy, you can get well service area here just focus it is printed in my timetable book. Al ghurair mall has data from real estate regulatory filing an eclectic fine dining pavilion offers a properties for nakheel rent international city in? There had few additional facilities such as swimming pools, bagian tengah Arab Saudi. Al hokair real whatsapp groups for nakheel rent in international city, we can park pavillion developments within mexico, not available to libraries organization to their close you will find property? Check rates, Jumeirah Islands, Real estate Whatsapp groups are very popular all oppose the world. We use cookies to rim you join best possible experience on time site. Availability on first ome first. Nearby international city centre mirdif is the! Green bright Red Lines intersect, Heels and More. If we believe that rent in philadelphia, condos in front homes park their rent nakheel properties for in international city. At chun wo is. Abu Dhabi Grand Prix. Your property hawk properties that nakheel district park place in nakheel to bring those properties will seinen großaktionär adler real.
    [Show full text]
  • Utilization of Locally Available Organic Matter to Improve Chemical Properties of Pyroclastic Materials from Mt
    JOURNAL OF DEGRADED AND MINING LANDS MANAGEMENT ISSN: 2339-076X (p); 2502-2458 (e), Volume 4, Number 2 (January 2017): 717-721 DOI:10.15243/jdmlm.2017.042.717 Research Article Utilization of locally available organic matter to improve chemical properties of pyroclastic materials from Mt. Kelud of East Java S.R. Utami*, C. Agustina, K.S. Wicaksono, B.D. Prasojo, H. Hanifa Faculty of Agriculture, University of Brawijaya, Jl. Veteran 1, Malang 65145, Indonesia *corresponding author: [email protected] Abstract: Pandansari village, Ngantang District was severely affected by Mt. Kelud eruption in 2014. Almost all soil surfaces were covered by the eruption product, leading to serious problems for cultivation. Pyroclastic materials potentially have high content of nutrients, but they are not readily available to plants. As an attempt to improve chemical properties of the pyroclastic materials, we applied locally available organic matters, from four different sources, i.e. leaves of sweet potatoes, Tithonia diversifolia, maize, and cow manure. The pyroclastic materials were sieved at 2 mm, placed inside pots (50 x 50 x 50 cm3), until it reached 30 cm thick. The fresh leaves were chopped into 2 mm size and mixed with the pyroclastic materials at the dosage of 15 Mg/ha. They were incubated and kept at field condition. Selected chemical properties (pH, CEC, sum of basic cations, and the total contents of N, organic C, and available P) were measured before and after 90 days incubation. The results showed that after 90 days, organic matter application significantly increased pH, cation exchange capacity, organic C, and total exchangeable basic cations content.
    [Show full text]
  • Syrian Arab Republic: Thematic Study on Land Reclamation Through De-Rocking
    NEAR EAST AND NORTH AFRICA DIVISION Syrian Arab Republic: Thematic study on land reclamation through de-rocking Enabling poor rural people to overcome poverty Syrian Arab Republic: Thematic study on land reclamation through de-rocking Southern Regional Agricultural Development Project (SRADP) Jebel al Hoss Agricultural Development Project (JHADP) Coastal/Midlands Agricultural Development Project (CMADP) Idleb Rural Development Project (IRDP) Near East and North Africa Division Programme management department Enabling poor rural people to overcome poverty Table of contents Currency equivalent. 5 Weights and measures . 5 Abbreviations and acronyms . 6 I. Introduction. 7 Context and background . 7 Rationale and objectives . 9 Methodology and approach . 9 II. Resources, policy, institutional context and achievement . 11 Physiographic profile and land resources . 11 Government policy and agriculture-sector strategy . 17 Key institutions involved . 19 Land reclamation through de-rocking: Past and present programmes . 21 III. IFAD’s role and intervention in land reclamation . 28 Intended objectives and approaches . 28 Relevance of IFAD’s land-reclamation interventions to poor farmers . 28 Synthesis of project experience . 30 Socio-economic impact . 38 Environmental impact assessment . 40 IV. Lessons learned . 45 Appendixes Appendix 1: Thematic maps . 46 Appendix 2: Technical note on the de-rocking process . 52 Appendix 3: Supporting documents . 58 Appendix 4: Records of consultations . 60 3 List of tables Table 1. Major lithological features . 13 Table 2. Land-use distribution in 2006 by agricultural settlement zone (ASZ) . 14 Table 3. Farmed land distribution in 2006 by governorate . 15 Table 4. Syrian agricultural settlement zones (ASZs) . 15 Table 5. Areas planted with fruit trees by ASZ . 16 Table 6.
    [Show full text]
  • 20-0000-2000F)
    Dear Senators HEIDER, Brackett, Stennett, and Representatives GIBBS, Gestrin, Rubel: The Legislative Services Office, Research and Legislation, has received the enclosed rules of the Idaho Department of Lands: IDAPA 20.00.00 - Notice of Omnibus Rulemaking (Fee Rule) - Proposed Rule (Docket No. 20-0000-2000F). Pursuant to Section 67-454, Idaho Code, a meeting on the enclosed rules may be called by the cochairmen or by two (2) or more members of the subcommittee giving oral or written notice to Research and Legislation no later than fourteen (14) days after receipt of the rules' analysis from Legislative Services. The final date to call a meeting on the enclosed rules is no later than 10/30/2020. If a meeting is called, the subcommittee must hold the meeting within forty-two (42) days of receipt of the rules' analysis from Legislative Services. The final date to hold a meeting on the enclosed rules is 11/27/2020. The germane joint subcommittee may request a statement of economic impact with respect to a proposed rule by notifying Research and Legislation. There is no time limit on requesting this statement, and it may be requested whether or not a meeting on the proposed rule is called or after a meeting has been held. To notify Research and Legislation, call 334-4854, or send a written request to the address on the memorandum attached below. Page 1 of 1 MEMORANDUM TO: Rules Review Subcommittee of the Senate Resources & Environment Committee and the House Resources & Conservation Committee FROM: Deputy Division Manager - Katharine Gerrity DATE: October 13, 2020 SUBJECT: Idaho Department of Lands IDAPA 20.00.00 - Notice of Omnibus Rulemaking (Fee Rule) - Proposed Rule (Docket No.
    [Show full text]
  • Nakheel-Dragontowers Brochure-1.Pdf
    ABOUT DUBAI Dubai, one of seven emirates that make up the United Arab Emirates, is a cosmopolitan city that combines innovation and a modern lifestyle with traditional Arabian values. The multicultural city of Dubai is strategically located at the gateway between the East and West and has rapidly become one of the world’s most sought-after destinations for business, living and tourism. Dubai is home to some of the world’s most breathtaking and ambitious developments, including the iconic Palm Jumeirah, which has helped position the city as an attractive location for investment. With a variety of residential options, world-class shopping and entertainment, as well as excellent facilities and infrastructure, Dubai offers residents an unrivalled quality of life. DRAGON CITY Dragon City is set to become one of the region’s most attractive destinations for space, additional extensions will add a further 1.3 million square feet of leasable space. shopping, living, business and leisure. Spread across a total area of over 11 million square This includes the addition of a host of new retail outlets, including a showroom-style feet, Dragon City comprises shopping malls, showrooms, multi-storey car parks, hotels complex, as well as restaurants and cafés, convenience stores and essential services. and the upcoming Dragon Towers. Directly connected to Dragon Mart 2 is Ibis Styles Dragon Mart Dubai, a 251-room Building on the success of Dragon Mart and Dragon Mart 2, already the biggest hotel with modern facilities. A second hotel, Premier Inn Dragon City, is currently Chinese trading hub outside mainland China, with 2.2 million square feet of leasable under construction.
    [Show full text]
  • Hotel Intelligence Dubai
    Hotels & Hospitality Group | May 2014 Hotel Intelligence Dubai 2 Hotel Intelligence: Dubai Table of Contents Contributors Market Snapshot 3 Sumati Murari Associate Dubai Continuous growth in hotel guest arrivals 4 [email protected] Passenger arrivals continue to rise 6 Dubai’s ambition vision for tourism 2020 6 Market preference for upscale accommodation 7 Rahul Kamalapurkar Analyst Dubai Expanding pipeline due to market recovery 8 [email protected] Hotel performance recovers after economic 11 downturn Hotel performance to remain strong 12 Jessica Jahns Head of Pan-EMEA Research [email protected] Alexander French Pan-EMEA Research Assistant [email protected] JLL’s Hotels & Hospitality Group serves as the hospitality industry’s global leader in real estate services for luxury, upscale, select service and budget hotels; timeshare and fractional ownership properties; convention centres; mixed-use developments and other hospitality properties. The firm’s 300 dedicated hotel and hospitality experts partner with investors and owner/operators around the globe to support and shape investment strategies that deliver maximum value throughout the entire lifecycle of an asset. In the last five years, the team completed more transactions than any other hotels and hospitality real estate advisor in the world totalling nearly USD 36 billion, while also completing approximately 4,000 advisory, valuation and asset management assignments. The group’s hotels and hospitality specialists provide independent and expert advice to clients, backed by industry-leading research. For more news, videos and research from JLL’s Hotels & Hospitality Group, please visit: www.jll.com/hospitality or download the Hotels & Hospi- tality Group’s iPhone app or iPad app from the App Store.
    [Show full text]
  • Dubai: Unifinished Skyscraper City
    DUBAI: UNIFINISHED SKYSCRAPER CITY World Similar DUBAI: BASIC INFORMATION Rank To Urban Area Population (2010) 2,500,000 151 Caracas. Changsha Projection (2025) 3,550,000 133 Curitiba, Casablanca Urban Land Area: Square Miles (2009) 600 Kansas City, London, Delhi, 50 Urban Land Area: Square Kilometers 1,550 Bankgkok Density: Per Square Mile (2007) 3,300 719 Portland, Dallas-Fort Worth Density: Per Square Kilometer (2007) 1,300 *Continuously built up area (Urban agglomeration) Land area & density rankings among the approximately 850 urban areas with 500,000+ population. Data from Demographia World Urban Areas (http://www.demographia.com/db-worldua.pdf) February 1, 2010 I picked up a copy of The Wall Street Journal-Europe on the concourse while boarding my Emirates Air flight from Paris to Dubai in late November of 2009. The lead story provided an unexpected relevance to the trip --- my first to Dubai. Dubai World, owned by the Dubai government, had announced a 6-month moratorium on payments of some of its $60 billion in debt. Since the announcement, stock markets have been dropping and recovering, company officials have attempted to calm borrowers and government officials have provided less assurance than Dubai’s investors might have preferred, though richer, neighboring Abu Dhabi backstopped Dubai with $10 billion in December. The United Arab Emirates: Dubai is one of the seven emirates of the United Arab Emirates (UAE), which like the United States and Canada is a federation. Broadly speaking, the emirates are as states or provinces. By far the richest is Abu Dhabi, with something like 10% of the world’s oil reserves.
    [Show full text]