Dubai Destination Guide
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Both Transaction Levels and Sales Prices for Apartments and Villas
Property Review Dubai Q1 2015 Report Both transaction levels and sales prices for apartments and villas showed marginal declines over the quarter, whilst rental rates remained relatively stable throughout the city. Q1 2015 REPORT Dubai Q1 2015 Highlights • The trend witnessed in the second half of 2014 continued during Q1 2015; transaction levels slowed and prices softened in selected areas whilst buyers looked for value-for-money projects specifically in completed or close-to-completed developments. • Despite property prices and rentals close to Q1 2014 levels, Dubai remained unaffordable to many and therefore Dubai Municipality and developers shifted their attention to target the underrepresented affordable segment. • For instance, Dubai Municipality announced the allocation of over 100 hectares of land in Muhaisnah 4 and Al Quoz 3 and 4 to developers to build housing affordable to rent for those earning between AED 3,000 and AED 10,000 per month. • Similarly, other projects were launched during Q1 2015 including 1,000 three and four bedroom townhouses at Zahra and Hayat in the new Town Square master-planned development by Nshama, located south of Dubai Bypass Road. This highlights the continuous expansion of the city further inland as developers target the more affordable segments of the market, with Damac having led this trend with the Akoya Oxygen project. RESIDENTIAL Q1 2015 down by 12% compared with -12% TRANSACTIONS Q1 2014. 2 © Asteco Property Management, 2015 Q1 2015 REPORT Dubai Sales Leasing RESIDENTIAL • A general slowdown was witnessed in Q1 2015 in Dubai, both in the number of transactions as well • Apartment rental rates remained stable compared with the KEY TRENDS as values, specifically for lower quality properties. -
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October 2008 MEET, EAT& SLEEP Why some conference menus are turkeys + How the Sage Gateshead won plaudits and business + Case studies: MSC Cruises, IPE International, Ungerboeck Systems International + EIBTM preview Distinctive locations. Rich rewards. BOOK+EARN BONUS JANUARY – JUNE 2009 Earn 2,500 bonus Starpoints for every event until 30 June, 2009. Now you can earn 2,500 bonus Starpoints® for every 25 room nights you book by 31 December, 2008, at Starwood properties throughout Europe, Africa and the Middle East for events from 1 January until 30 June, 2009. In addition to your bonus Starpoints, you’ll earn one Starpoint for every three US dollars spent on eligible meeting revenue. Visit the Special Offers section and terms & conditions on starwoodmeetings.com or ring +353 21 4539100 for more information. Sheraton Park Tower, London | UK Not a Starwood Preferred Planner? Sign up today and start accumulating thousands of Starpoints for each event that you book, redeemable for Free Night Awards without blackout dates and a host of other redemption options. STARWOOD Preferred Planner SPG, Starpoints, Preferred Guest, Sheraton, Four Points, W, Aloft, The Luxury Collection, Le Méridien, Element, Westin, St. Regis and their respective logos are the trademarks of Starwood Hotels & Resorts Worldwide, Inc., or its affi liates. © 2008 Starwood Hotels & Resorts Worldwide, Inc. All rights reserved. SHWSPP.08039 EAME 8/08 contents MANAGING EDITOR: MARTIN LEWIS 31 PUBLISHER: STEPHEN LEWIS EDITOR: JOHN KEENAN DEPUTY Meet, eat EDITOR: KATHERINE SIMMONS -
Approved Auditors List in Accordance to DMCC Approved Auditor Rules Sr
DMCC Approved Auditors List in Accordance to DMCC Approved Auditor Rules Sr. Account Auditor Name U.A.E. Address Email Address No. Number 1 148624 A & M Al Ansari Auditing The H Hotel Office Tower, Level 29, Office# 2903-01, One Sheikh Zayed Road, Dubai, UAE [email protected] 2 165557 Abacus Accounting & Auditing 301 Royal Center Maktoom Hospital Road, Dubai UAE [email protected] 3 148718 Abdallah Al Qaydi SPA Auditing C-56 L Owais Building Al Rigga Road, Deira Dubai, UAE [email protected] 4 148573 Abdulaziz Panis And Shah Associates Chartered Accountants LLC Office No. 104, Gold Land Building, Gold Souq, Dubai UAE [email protected] 5 148610 Abdulhusain & Associates Al Owais Building, Mezzanine Floor, Block E-06, Al Rigga Road, Dubai UAE [email protected] 6 148589 Abdulla Al Marzooqi Chartered Accountants Office 301, RAK Bank Bldg. Sheikh Zayed Road, Dubai UAE [email protected] 7 166824 Abdulla Almheiri Auditing of Accounts & Tax Consultant Office no. 208, Boushaqer Bldg. Al Garhoud, Deira Dubai, UAE [email protected] 8 149760 Abdulmunem Al Rubaie & Partners Chartered Accountants 3204 Aspect Tower, Business Bay, Sheikh Zayed Road Dubai, UAE [email protected] Abdulrahman Alnuaimi Auditing of Accounts Owned by Abdulrahman 9 148552 Alnuaimi One Person Company L.L.C. M-5, Al-Shali Building near Al Mamzar Business Center, Al Itihad Road Dubai, UAE [email protected] 10 148598 ABK Saqer Auditing Office No. 106 al qusais plaza building, Damascus street [email protected] 11 148591 Active Auditors Sharjah, UAE [email protected] -
Dubai Real Estate Report Q4 2018
Property Review Dubai Real Estate Report Q4 2018 In the Middle East for over 30 Years DUBAI | HISTORIC REVIEW RECESSION RECOVERY AND GROWTH STABILISATION DOWNTURN 2009 - 2011 2012 - 2014 2015 2016 - 2018 • The Dubai Real Estate market has gone through significant fluctuations • The market began to show signs of • The market peaked in Q2 2014 and • 2016 and 2017 recorded a significant amount of new project over the years. Following the introduction of a decree allowing recovery in 2012 when the Euro Crisis corrected thereafter due to a launches and deliveries resulting in steady declines in sales International Freehold Ownership in 2002, the market recorded and Arab Spring conflict led to Dubai combination of factors such as the prices and rental rates. Whilst new project announcements substantial growth up until Q1 2009. being an attractive alternative and reduction in LTV ratios, low oil prices eased off in 2018, additional supply continued to have a ’safe’ haven to invest and live in. and a strong US dollar. downward effect on rates. • This period was marked by large scale developments and project launches. The Real Estate market was fuelled by both strong demand • In November 2013, Dubai was • Rental rates remained broadly stable • The number and range of incentives increased as Landlords from a rapidly expanding economy and workforce (leading to double awarded to host Expo 2020, which led as the handover of new supply was tried to retain Tenants and increase take-up, whilst digit rental growth and Investor returns) and, more problematically, to growth in market confidence, a rise slower than anticipated. -
September 2014 DUBAI CYCLE PARK
September 2014 DUBAI CYCLE PARK www.placedynamix.me DUBAI CYCLE PARK www.placedynamix.me www.placedynamix.me www.placedynamix.me www.placedynamix.me www.placedynamix.me NB: this plan is for illustrative purposes only to visualize how a cycle park could look and function. Further testing of location and financial feasibility would need to be undertaken www.placedynamix.me Cycle Park; An urban or rural park where a variety of cycling facilities are provided in one consolidated location with www.placedynamix.me necessary support facilities.The aim is to encourage cycling as an enjoyable and www.placedynamix.me healthy pastime for all ages and abilities in a safe park setting. www.placedynamix.me critical thinking... creative results. In 2014, in response to H.H.Sheikh Hamdan bin Mahommed Bin Rashid Al Maktoum’s “My Community....A City for Everyone’ Place Dynamix are the leading design consultancy helping to deliver the Crown Prince’s vision for a truly accessible and inviting city for everyone in time for expo 2020. We have helped launch the TAWASOL initiative on behalf of the DTMFZA and are accessibility consultants on major projects including Dubai Design District D3 and all Tecom Investment areas. We are helping to create a city that is fully accessible for people regardless of physical ability. As part of our commitment to accessibility, sustainability and lifestyle in Dubai, we are promoting sustainable forms of transport and active healthy lifestyles through all our work. As keen cyclists, we see cycling as critical to our design work and as such are delighted to present this report as a means of prompting debate and awareness. -
Dubai Real Estate Report Q3 2019
Property Review Dubai Real Estate Report Q3 2019 BUILDING The building consultancy team at Asteco have a wealth of experience and an in-depth knowledge CONSULTANCY of construction technology, building pathology and effective project management methods With you throughout all stages of your which enable us to provide our Clients with a comprehensive building consultancy service. built asset lifecycle Technical Due Snagging Area Diligence Inspections Verification Life Cycle Schedules of Schedules of Costing Dilapidations Condition Project RERA Technical Building Monitoring and Reports Condition Audits Surveys Defect Project Insurance Analysis Management Reinstatement For more details, please contact Valuation Nick Constantine, BSc (Hons) MRICS, Head of Building Consultancy [email protected] DUBAI MARKET OVERVIEW SUPPLY* RENTAL RATES SALES PRICES New apartment supply slowed marginally in the third quarter of 2019 with the handover Apartment, villa and office rental rates continued their Sales price movement for apartments, villas and of 4,600 units, compared to over 5,000 in both Q1 and Q2. downward trajectory and recorded quarterly declines offices recorded similar drops of 2% to 3% compared of 3%, 2% and 3%, respectively. to the previous quarter, and declines of between 13% Conversely, villa stock increased significantly, recording an additional 2,500 units in Q3 and 16% since Q3 2018. 2019 (more than the first two quarters combined - 2,200 units). Similarly, new office Annual changes remained in double digits with inventory delivered in Q3 reached 950,000 sq.ft., exceeding the entire total of the first average drops of 12%, 10% and 13%. Asteco Government initiatives continued to be rolled out to half of the year. -
UAE Real Estate Report
A historic review and outlook since 2008 UAE Real Estate Report 2016 MID YEAR REVIEW AND OUTLOOK In the Middle East for over 30 Years asteco.com UAE Real Estate Report - H1 2016 Content 03 Editorial Note 04 UAE Price Comparison 05 Oxford Economics 07 Abu Dhabi Historic Review & Outlook 15 Dubai Historic Review & Outlook 22 Northern Emirates Historic Review & Outlook 26 Al Ain Historic Review & Outlook 2 © Asteco Property Management, 2016 UAE Real Estate Report - H1 2016 Editorial Note 2016 has so far been an interesting year for the UAE’s real estate sector. Whilst substantial declines were anticipated over the first half of the year, these appeared to be less pronounced than expected, especially in Dubai and the Northern Emirates as the delivery of supply slowed down considerably. At the same time, however, the effect of low oil prices continued to affect Abu Dhabi’s real estate market more so than Dubai. This is due to a heavily oil based economy in Abu Dhabi, whereas Dubai has a more diversified income base. Various measures to improve government revenues are being considered by Ministry of Finance such as the implementation of Value Added Tax (VAT) from 2018 onwards, as well as additional taxes on other products. Increases in water and electricity charges are also being considered. This would lead to a significant rise in the cost of living, which may become prohibitive for many residents. This would accentuate a trend already seen since the beginning of the year, whereby residents are becoming more budget conscious, downsizing to more affordable units and, in some cases, sending family members back to their home country. -
Arkiteknik International & Consulting Engineers I Grand Hyatt Dubai 8 Atkins, KCA International Designers I Burj Al Arab 16
Arkiteknik International & Consulting Engineers I Grand Hyatt Dubai 8 Atkins, KCA International Designers I Burj Al Arab 16 Atkins I Al Mas 24 Atkins I Bright Start Tower 30 Atkins I Chelsea Tower 34 Chapman Taylor, Dewan Architects & Engineers I Pearl Dubai 38 Creative Kingdom, Wilson & Associates I Park Hyatt Dubai 42 Creative Kingdom, KCA International Designers I Madinat Jumeirah 48 Folli Follie I Foili Follie 62 Keith Gavin, Godwin Austen Johnson, Karen Wilhelmm, Mirage Mille I Jumeirah Bab Al Shams 66 Gensler I DIFC Gate Building 80 gmp- von Gerkan, Marg und Partner Architects I Dubai Sports City 84 Joachim Hauser, 3deluxe system modern GmbH I Hydropolis Underwater Resort Hotel 96 Ho+k Hellmuth, Obata + Kassabaum I Dubai Autodrome 102 Jung Brannen Associates, Dewan Architects & Engineers I Media-1 104 KCA International Designers I Al Mahara 110 KCA International Designers I Arboretum 112 KCA International Designers I Pierchic Restaurant 120 KCA International Designers I Segreto 126 KCA International Designers I Six Senses Spa 136 KCA International Designers I The Wharf 144 Louis Vuitton Malletier Architecture Department I Louis Vuitton 148 Mel McNally Design International I Lotus One 154 Nakheel I Dubai Waterfront 162 NORR Group, Carlos Ott I National Bank of Dubai headquarters 164 NORR Group, Hazel W.S. Wong I Emirates Towers 166 RMJM I AIGurg Tower 174 RMJM I Capital Towers 178 RMJM I Dubai International Convention Centre 180 RMJM I Marina Heights 184 RMJM I The Jewels 186 Skidmore, Owings & Merrill LLP I Burj Dubai 190 Skidmore, Owings & Merrill LLP I Sun Tower 194 Wilson & Associates I Givenchy Spa 200 Wilson & Associates I Nina 208 Wilson & Associates I One&Only Royal Mirage 214 Wilson & Associates I Rooftop 224 Wilson & Associates I Traiteur 232 DUBAI ARCHITECTURE & DESIGN daab. -
MONDAY 26TH NOVEMBER 06:00 Breakfast 09:15 Defenders UK 10
MONDAY 26TH NOVEMBER All programme timings UK All programme timings UK All programme timings UK 06:00 Breakfast 06:00 Good Morning Britain 09:50 The Secret Life of the Zoo 06:00 Battle History of the US Army 09:15 Defenders UK 08:30 Lorraine 10:40 The Great Model Railway Challenge 07:00 Battle for the Skies 10:00 Homes Under the Hammer 09:25 The Jeremy Kyle Show 11:30 American Pickers: Best Of 08:00 Hogan's Heroes 11:00 A Matter of Life and Debt 10:30 This Morning 12:20 Counting Cars 08:30 Hogan's Heroes 11:45 Ill Gotten Gains 12:30 Loose Women 12:45 MacGyver 09:00 Hogan's Heroes 12:15 Bargain Hunt 13:30 ITV Lunchtime News 13:30 The Middle 09:30 Hogan's Heroes 13:00 BBC News at One 13:55 ITV News London 13:50 The Fresh Prince of Bel Air 10:00 Hogan's Heroes 13:30 BBC London News 14:00 Judge Rinder 14:15 Last Man Standing 10:30 Hogan's Heroes 13:45 Doctors 15:00 Dickinson's Real Deal 14:40 Will and Grace 11:00 I Dream of Jeannie 14:15 The Doctor Blake Mysteries 16:00 Tipping Point 15:05 Four in a Bed 11:30 I Dream of Jeannie 15:10 Escape to the Country 17:00 The Chase 15:30 Extreme Cake Makers 12:00 The Forces Sports Show 15:45 The Hairy Bikers' Comfort Food 15:55 Jo Brand's Cats & Kittens 12:30 Forces News 18:00 ITV News London (News) 16:30 Make Me a Dealer 16:45 Without a Trace 13:00 Battle History of the US Army 18:30 ITV Evening News 17:15 Pointless 17:30 Forces News 14:00 Battle for the Skies 19:00 Emmerdale 18:00 BBC News at Six 18:00 Hollyoaks 15:00 Dogfights An audacious plan is enacted. -
Events Diary
Events Diary 2020: A year like no other. 2021: Now booking live events & experiences. WELCOME TO OUR 2020 - 2021 EVENTS LISTINGS Within the following pages you will find literally hundreds of live events that are taking place in the UK, Europe and throughout the world in the coming months and next year. Each of the events listed, and many more that we just could not make space for, all make for that ideal hook on which to hang your marketing hat on, whether it is VIP Corporate Hospitality, a VIP Experience for a top client, an Incentive Reward for your top performers or even as a base to build a Team Building event around. The events listed cover a wide range of categories that is sure to appeal to nearly everyone who has to put together events that are within budget, excite and produce the right results for the organisation. We cover virtually every sport, concerts, music festivals, theatre, fashion, film premieres, awards ceremonies and a host of one-off special events that take place from time to time such as an audience with a Hollywood A1 list celebrity. These unique access arrangements at top live events around the world, coupled with our wide range of VIP Experiences, truly gives you a wide choice of events that will not only deliver but will last in the memory of your invited guests for years. Each event is unique in its own way and often we can help to make it even more extra special with a few extra touches that won’t necessarily cost the earth. -
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SPORTSwww.sportsmanagement.co.uk MANAGEMENT VOLUME 13 Q1 2009 £3.00 GROWING RUGBY from grassroots to INDUSTRY the top of the game DEBATE Will the government’s SUE TIBBALLS Free Swimming the WSFF CEO on how to initiative succeed? attract women into sport ACTIVE PEOPLE SURVEY 2 Sport England analyses the success of its new strategy THE OFFICIAL MAGAZINE OF SAPCA Boost your business EDITOR’S LETTER Harness the power of our total marketing package www.sportsmanagement.co.uk SPORTS MANAGEMENT Transforming lives VOLUME 13 Q1 2009 £3.00 GROWING RUGBY from grassroots to INDUSTRY the top of the game e’ve always known sport can transform the lives of young people who’ve lost their DEBATE Will the government’s SUE TIBBALLS way in life, or even more importantly, keep them on a positive course from the start. Free Swimming the WSFF CEO on how to initiative succeed? attract women into sport W However, with teenagers presenting increasing challenges to society, the power of ACTIVE PEOPLE SURVEY 2 Sport England analyses the success of its new strategy sport to support them has assumed new levels of importance and significance. SPORTS This is especially true today, when the major thrusts of sports policy are – understandably MANAGEMENT – towards excellence, in support of our London 2012 performance and legacy, and towards participation, as part of the vital healthy-living agenda. With two such powerful and well-funded policy threads in place, it’s important not to overlook the societal aspects of sport. Sports Management leads the industry in offering you a Rugby great Martin Johnson In this issue, we look at examples of best practice in sports mentoring (page 40) and highlight a range of initiatives including the Respect Athlete Mentoring Programme (RAMP), which assigns comprehensive range of marketing services which enable e-mail: please use contact’s elite athlete mentors to disaffected young people between the ages of 11 and 25. -
Week 44 SUNDAY, 03 NOVEMBER 2019
Week 44 SUNDAY, 03 NOVEMBER 2019 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY BUILDING CONSULTANCY OWNER ASSOCIATION REAL ESTATE NEWS UAE / GCC / MENA HOUSE BUYING IN RIYADH AND JEDDAH RAMPS UP IN THIRD QUARTER HOMEFRONT: 'I BOUNCED NINE RENTAL CHEQUES DESPITE ASKING THE LANDLORD FOR A SHORT DELAY' SAUDI ARABIA’S ECONOMY PROJECTED TO GROW 2.3% NEXT YEAR RED SEA DEVELOPMENT CO ASSEMBLING 10BN SAUDI RIYAL DEBT PACKAGE FOR GIGA-PROJECT SAUDI TOURISM MEGA PROJECT AWARDS CONTRACT FOR AIRPORT PLAN WORK SET TO START ON $3.5BN KING HAMAD CAUSEWAY MEGA PROJECT CONSTRUCTION STARTS ON MANDARIN ORIENTAL, MUSCAT NEW DIRECT, INDIRECT TAXES TO BE IMPOSED IN UAE HOW VISA REFORMS BOOST UAE ECONOMY NON-OIL SECTOR SET TO DRIVE UAE GROWTH LOANS MAY GET CHEAPER IN UAE AS CENTRAL BANK CUTS INTEREST RATES DUBAI DEYAAR TO START DH800 MILLION PROJECT IN MIDTOWN DEVELOPMENT IN DUBAI HOW DUBAI OFFICE RENTS HAVE FARED SO FAR IN 2019 MORE DUBAI TENANTS 'TRADE UP' TO BIGGER HOMES AS RENTS REMAIN SUBDUED 'IF YOUR PROFITS HAVE FALLEN BY NEARLY 90%, IT'S DIFFICULT TO FOCUS,' SAYS ALABBAR OVER DAMAC CLAIMS DUBAI DEVELOPER CALLS FOR PROPERTY SUPPLY FREEZE UAE'S AZIZI ADDS 6,000 WORKERS TO BOOST CONSTRUCTION OF FLAGSHIP PROJECT DUBAI AUTODROME BUSINESS PARK PHASE 2 ON TRACK FOR FEBRUARY DELIVERY ABU DHABI | AL AIN | DUBAI SHARJAH | JORDAN | KSA 34+ YEARS IN THE MIDDLE EAST © Asteco Property Management | 2019 | asteco.com Page 1 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY BUILDING CONSULTANCY OWNER ASSOCIATION REAL ESTATE NEWS PIRELLI LAUNCHES TYRE HOTEL