DOCSLIB.ORG

Dubai Creek Harbour • Dubai South • Dubai Hills Estate • Downtown Dubai • Dubai Marina

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Dubai Creek Harbour • Dubai South • Dubai Hills Estate • Downtown Dubai • Dubai Marina JULY 2017 OCTOBER 2016 OCTOBER THE DEFINITIVE GUIDE TO THE REGION'S CONSTRUCTION PROFESSIONALS We design.. we construct.. we build.. Kingdom of Saudi Arabia, PO Box 65697 Riyadh 11566 Tel: +966 11 293 1193 Fax: +966 11 293 1170 www.albawani.net POWER AND PRECISION // POWER 60 B-SERIES MOTOR GRADERS 1. THE RIGHT 2. EFFORTLESS 3. ALIGNED WITH POWER FOR PRODUCTIVITY PERFORMANCES EVERY JOB A multiradius blade for a The rear mounted cab grants perfect mixing effect and best in class comfort as the Variable Horse Power: the a lowered traction effort. operator is always aligned with right amount of torque for travel direction when working any application, optimizing with offset frame. fuel consumption. www.casece.com EXPERTS FOR THE REAL WORLD SINCE 1842 CONSTRUCTION BUSINESS NEWS ME // JULY 2017 // 35 885B_200x265_GB.indd 1 01/08/16 14:46 // POWER 60 S E RTI PE , CHAIRPERSON LABBAR A ED M 1 EMAAR PRO MOHA PROJECTS: • Dubai Creek Harbour • Dubai South • Dubai Hills Estate • Downtown Dubai • Dubai Marina maar Properties topped off Revenue for 2016 rose by 14 percent new residential launches in Downtown another busy 12 months with year-on-year to AED 15.540bn. Net profit Dubai, Dubai Marina, Dubai Creek Harbour the big news that it will seek for the first quarter of 2017 also saw a big and Emaar South. a stock listing for up to 30 rise of 15 percent to AED 1.384bn ($377mn) The company hospitality division is percent of its UAE real estate compared to the first leg of 2016. also thriving thanks to a number of new Edevelopment business. Emaar has a number of major develop- launches in the past year in the UAE, The IPO will allow investors who value ments ongoing in Dubai, most notably The Turkey, Egypt, Saudi Arabia and Bahrain. the proven track record of one of the Tower at Dubai Creek Harbour, which will Perhaps the most high profile launch UAE’s biggest and most prestigious overtake its own Burj Khalifa as the tallest was the spectacular 290 metre Ad- developers to invest directly in the com- building in the world. Emaar accomplished dress hotel and residences at Jumeirah pany and benefit from the strong growth a key milestone recently with the comple- Beach Residence (JBR) with a shimmer- outlook of its UAE business. tion of the pile foundations for what is ing façade and a distinctive ‘hole’ in the The Mohamed Alabbar-led company re- certain to become a new global icon. middle. Emaar Hospitality has a pipeline corded net profit of AED 5.233bn ($1.425bn) Significant progress has also been made of 27 upcoming projects to add to the for the full year 2016, a huge 28 percent on Dubai Hills Estate, developed as a joint 10 operational hotels and three serviced higher than the previous 12-month period. venture with Meraas Holding, as well as residences already in service. 36 // CONSTRUCTION BUSINESS NEWS ME // JULY 2017 WASL ASSET MANAGEMENT 2 HE HESHAM AL QASSIM, CEO ne of the top property Wasl also revealed this year plans to bring developers in Dubai, wasl a second luxury Mandarin Oriental hotel is probably best known for to Dubai by the end of 2020. The hotel will being the company behind be the main feature of a 300 metre tower some of the most pres- being built on Sheikh Zayed by Dubai-based Otigious hotels in the emirate. That trend Arabtec, which was awarded a AED 1.46bn continued this year with the announcement ($397mn) construction contract earlier this PROJECTS: of a number of major projects that should year. wasl’s first Mandarin Oriental hotel is be- keep Dubai near the top of the list of lead- ing built on the waterfront at Jumeirah Beach • Port Views ing hotel destinations in the world. and will open in the fourth quarter of 2018. Chief among those was arguably the And finally wasl also said this year that • Mandarin Orientel news that wasl is bringing the first MGM it would build the Hyatt Centric on Palm hotels, Dubai hotel to the Middle East. The famous Las Jumeirah, a hotel with 217 rooms and 116 • MGM Hotels, Dubai Vegas-based hotel group will bring its serviced apartments. • Hyatt Centric, Palm iconic brands - including a Bellagio hotel Subsidiary wasl Properties manages – to a new beach front mega resort to be an extensive real estate portfolio of over Jumeirah built on an artificial peninsula off Jumeirah 35,000 residential and commercial proper- not far from the Burj Al Arab. ties in Dubai. LEC is one of the largest construction companies in the Middle East employing around 12,000 people, the bulk of whom are based in the UAE. The scope of projects undertaken by the company includes resort hotels, themed developments, high rise Atowers, airports and large scale shopping centers. Over the past year the company has completed or is working on UAE projects including Bvlgari Resort & Residences Dubai, Phase 2 of Dubai Festival City, Al Maktoum International Airport's Passenger Terminal Building (PTB) expansion and Select Group's three-tower Marina Gate development. ALEC also overseas a number of subsidiary units which include 3 MEP (ALEMCO), fit out (ALEC FITOUT) and energy (ALEC ENERGY). PROJECTS: The group had revenue in its most recent financial year of $1.06bn C CEO (AED 3.9bn), and projected income of $1.09bn (AED 4bn) for 2017/18. • Bvlgari Resort & E “The construction sector at the moment is very positive and there Residences Dubai L are plenty of opportunities in the next 5+ years,” Kez Taylor, CEO of ALEC told CBN earlier this year. “We will be focusing on operational • Dubai Festival City A efficiency in 2017 and ensuring that we create an environment on phase 2 projects where all our stakeholders and subcontractors are able to • Al Maktoum succeed. Having effective relationships, alignment and trust in the sup- ply chain is our key priority. International Airport “There will be more emphasis on design and build projects as well expansion KEZ TAYLOR, as diversifying the core business. Renewable energy has become a • Marina Gate priority and businesses need to respond and adapt to the changing requirements which have been set to make the UAE a smart city. • Bluewaters Island ALEC’s continuing growth is to offer complementary services which (retail component) add value to our core business as a contractor.” CONSTRUCTION BUSINESS NEWS ME // JULY 2017 // 37 // POWER 60 EGYPTIAN STEEL GROUP 4 AHMED ABOU HASHIMA, CHAIRMAN AND CEO hen you are able to an annual production capacity of 2.3 outstanding CSR programmes, donat- call on the services million tons of rebar, wire rods and billets ing steel and funding the development of one of the world’s by 2018 – once its new Al Sokhna plant of poor areas of the country. Abou biggest sport stars in comes fully online. His company will soon Hashima signed of a deal with char- Cristiano Ronaldo to reach a 20 percent share in the steel- ity Orman which will see the company Wrally a generation of young Egyptians then hungry Egyptian market making it one of invest $6.5mn to help the construction you know that your company has arrived the leading makers of reinforced steel in of 40 villages in the country. on the global stage. the region. Rather than competing with the huge Archetypal business man and entre- Abou Hashima describes Egyptian volumes of giant steel-makers like Tata preneur, CEO Ahmed Abou Hashima is Steel as representing Egypt’s 90 million- Steel, his company is wisely focused on determined to continue Egyptian Steel’s strong population as his company making high quality steel rebars using development into a world-class steel pushes forwards. As such the company environmentally-friendly technology and producer and is driving the group towards has developed one of the region’s sustainable production. 38 // CONSTRUCTION BUSINESS NEWS ME // JULY 2017 AH, L ARABIAN T CONSTRUCTION OO L COMPANY (ACC) EE 5 GHASSAN MEREHBI, CHAIRMAN ASHID R rabian Construction Company (ACC) is best AKH known for building some of the tallest buildings LI CHAIRPERSON N A in the Middle East. Its roster of completed projects includes well known landmarks such he past 12 months 6apartment and hotel complex, as Princess Tower and Almas Tower in Dubai have played out like is currently being designed. Aand Etihad Towers and Gate Towers in Abu Dhabi. one long highlight Another twin tower residential Lebanon-based ACC is building on that track record with reel for Nakheel. In project is earmarked to be built a couple of high rise projects in Downtown Dubai for Emaar. August last year the next to Ibn Battuta Mall. The contractor is currently entering the final stages of build- Tdeveloper of Palm Jumeirah de- Nakheel’s retail and ing the Address Sky View, a project designed by Burj Khalifa clared itself debt-free, completing hospitality divisions are also architect Skidmore, Owings & Merrill that includes a sky a five year financial restructuring experiencing a boom. In April bridge joining a pair of towers 250 metres above ground level. undertaken following the financial the company awarded United The bridge was built separately and hoisted recently into crash. That was followed by the Engineering Construction a AED place during a complex operation. announcement of the highest an- 4.2bn ($1.14bn) construction On the other side of Downtown Dubai is Fountain Views, nual net profit in the company’s contract to build the biggest consisting of three high-rise towers: two 59 storey towers history thanks to the expansion mall in Dubai, Deira Mall.
Load more

Recommended publications
  • High Res. Dubai
    Al Ras Al Ras Map of Dubai Corniche The Palm Deira The World The Palm Jebel Ali W a t e r f r o n t Peninsula Riviera The Palm Jumeirah Spear Fishing DIVE CENTER Bali Marina Red Sea Downtown Atlantis Maledives South Africa Snorkler`s Cove A Palau Academy r Cayman Islands JEBEL ALI HARBOUR a DUBAI Madinat Al Arab West b Breakwater MARITIME East i Breakwater CITY Uptown Helicopter a Pad n Jebel Ali Golf Resort Dubai East G S & Spa u he Cart Club Hassah l ik f h Z Marina Reclamation aye DUBAI MARINA d Bund f R oad His Highness The Resort the Ruler`s Garden Great l Belize Container Terminal Golf Course JEBEL ALI PORT u Palm Barrier G Dubai Trump Int`l Reef Hassah Hotel & Tower Dry PORT RASHID Tanker Berth n Palace a Coaster Al Shindagha No. 1 A b i Berth Caltex r a Refinery Docks Boulevard Department of Exchange Air Products East Ports and Customs j Road halee Wharf Al K Heritage & Bin Diving Village Sh Al Arco Port Administration Al Shindagha Suroor Sheikh Saeed ind Dubai Beach Market Mosque House T a Dubai t u g e n h Dubai Marine e n a r Deira Fish, Meat & Diving Beach Resort t el Al Ghuba S Vegetable Market West Private & Spa Swedish iba Roa Centre d h a Consulate D92 l Emirates Island a H.H. The Rulers F AL MINA l Wharf Science Ban oad Deira Guesthouse A iyas R Club Bus Station Highland Hotel Al Khor Str.
    [Show full text]
  • 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]
  • Land Plots for Sale
    Land plots for sale Dubai Holding Creating impact for generations to come Dubai Holding is a global conglomerate that plays a pivotal role in developing Dubai’s fast-paced and increasingly diversified economy. Managing a USD 22 billion portfolio of assets with operations in 12 countries and employing over 20,000 people, the company continues to shape a progressive future for Dubai by growing $22 Billion 12 121 the city’s business, tourism, hospitality, real estate, media, ICT, Worth of assets Industry sectors Nationalities education, design, trade and retail. With businesses that span key sectors of the economy, Dubai Holding’s prestigious portfolio of companies includes TECOM Group, Jumeirah Group, Dubai Properties, Dubai Asset Management, Dubai Retail and Arab Media Group. 12 20,000 $4.6 Billion For the Good of Tomorrow Countries Employees Total revenue 1 Dubai Industrial Park 13 The Villa Imagining the city of tomorrow 2 Jumeirah Beach Residences(JBR) 14 Liwan 1 3 Dubai Production City 15 Liwan 2 4 Dubai Studio City 16 Dubailand Residences Complex Dubai Holding is responsible for some of Dubai’s most iconic 5 Arjan 17 Dubai Design District (d3) destinations, districts and master developments that attract a network 6 Dubai Science Park 18 Emirates Towers District of global and local investors alike. With our extensive land bank we 7 Jumeirah Central 19 Jaddaf Waterfront have created an ambitious portfolio of property and investment 8 Madinat Jumeirah 20 Dubai Creek Harbour opportunities spanning the emirate across diverse sectors. 9 Marsa Al Arab 21 Dubai International Academic City 10 Majan 22 Sufouh Gardens 11 Business Bay 23 Barsha Heights 12 Dubailand Oasis 9 2 8 22 7 18 23 11 17 19 3 5 6 20 4 1 10 14 1 Dubai Industrial Park 15 13 16 12 21 Dubailand Oasis This beautifully planned mixed-use master community is located in the heart of Dubailand, with easy access to main highways of Freehold 1M SQM Emirates Road, Al Ain Road (E66) and Mohammed bin Zayed Road.
    [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]
  • Residential - Medium to High Rise Project Award (FUTURE) IT’S NOT for EVERYONE, but IT COULD BE for YOU
    Cityscape Awards Emerging Markets 2018 Winner: Residential - Medium to High Rise Project Award (FUTURE) IT’S NOT FOR EVERYONE, BUT IT COULD BE FOR YOU. DAZZLING DUBAI. WHERE THE WORLD COMES TO LIVE IN STYLE. Dubai is truly one of the most cosmopolitan cities in the world. It ofers world-class lifestyles for residents and a safe haVen for inVestors. Some of the tallest structures – including the world's tallest building – adorn Dubai's skyline. The city is also a retail paradise, home to world-class concepts such as the world's largest shopping mall. D U B A I P R O P E R T I E S . REDESIGNING DUBAI’S LANDSCAPE WITH LANDMARK DESTINATIONS. An integral part of Dubai Holding, Dubai Properties (DP) was established to deVelop and manage properties, communities and destinations across Dubai. One such iconic concept is JBR, a vibrant and bustling community. Finding pride of place within JBR is 1JBR, a luxurious residential centrepiece nestled between two fve-star hotels. Staying true to its name, 1JBR represents the last aVailable piece of real estate on the prestigious beachfront. JUMEIRAH BEACH RESIDENCE. HOME TO THE HAUT MONDE OF DUBAI. Jumeirah Beach Residence – or JBR as it is popularly known – is among Dubai's most iconic destinations, famed for its 1.7-kilometre scenic waterfront community oVerlooking the Arabian Gulf. An uber residential enclave of 40 high-profle towers (35 residences & 5 hotels), JBR is also known for al fresco dining and shopping, making it among the most sought-after addresses in Dubai. THE ADDRESS FOR THE PRIVILEGED F E W .
    [Show full text]
  • 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.
    [Show full text]
  • Dubai Real Estate Sector
    Sector Monitor Series Dubai Real Estate Sector Dr. Eisa Abdelgalil Bader Aldeen Bakheet Data Management and Business Research Department 2007 Published by: DCCI – Data Management & Business Research Department P.O. Box 1457 Tel: + 971 4 2028410 Fax: + 971 4 2028478 Email: dm&[email protected] Website: www.dcci.ae Dubai, United Arab Emirates All rights are reserved. No part of this publication may be reproduced, stored in any retrieval or computer system, or transmitted in any form or by any means electronic, mechanical, photocopying, taping or otherwise, without the prior written permission of the publisher. ISBN ………………………… i Table of Contents Table of Contents...........................................................................................................ii iii ....................................................................................................................ﻣﻠﺨﺺ ﺗﻨﻔﻴﺬي Executive Summary......................................................................................................vi 1. Introduction................................................................................................................1 1.1 Background..........................................................................................................1 1.2 Objective..............................................................................................................1 1.3 Research questions...............................................................................................1 1.4 Methodology and data..........................................................................................2
    [Show full text]
  • 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
    [Show full text]
  • Emaar Properties (PJSC) Initiating Coverage UAE Real Estate 23 Sep
    Emaar Initiating Properties (PJSC ) Coverage UAE 23 Sep 2012 Real Estate Price Target We initiate coverag e of EMAAR PROPERTIES, the largest real estate developer in Current Mkt.Price (AED) 3.58 GCC with a BUY rating and target price of AED 4.15 per share. The recent uptick in Target Price (AED) 4.1 5 investor sentiment towards Dubai real estate combined with Emaar’s traction in de- Upside / (Downside), % +15.9 risking its revenue sources from purely property development to mix of recurring revenue stream is in our opinion strong positives to narrowing the gap between Est. Dividend Yield, % +2.8 Emaar’s current market value and its estimated fair value Est. Total Return, % +18.7 Stock Information Dubai Real Estate Stabilizing DFM Code EMAAR Property and rentals in Dubai seem to have bottomed out since Q4’2011. Significant Bloomberg Code EMAAR DH Equity correction in prices since Q1’2009 has set a stage of attractive rental yields compared 3-M Avg. daily volume (‘000s)) 14,204 to other cosmopolitan cities in the region. Emaar remains the torch bearer of Dubai Shares outstanding (millions) 6,091 Real Estate and in many ways emblematic of what brand ‘Dubai’ stands for Market Cap. (AED millions) 21, 623 Emaar de-risking strategy is gaining traction 52W High (AED) 3.63 (19Sep 12) Emaar’s portfolio of recurring revenue assets now contributes roughly 40% of top-line 52W Low (AED) 2.33 (15Jan12) revenues compared to c.10% in 2008. Rental and Hospitality segment provide Price Performance revenue visibility; impart balance sheet liquidity and reduce overall business risk.
    [Show full text]
  • JLL Dubai Real Estate Market Overview
    DubaiDubai Real Estate Dubai Market Overview Q4 2012 Macroeconomic Overview Indicator 2010 2011 2012 (e) UAE Population (millions) 7.51 7.89 8.11 Real GDP Growth (Y-o-Y) 1.3% 4.2% 4.2% Consumer Price Index (% change) 0.9% 0.8% 0.8% DUBAI Population (millions) 1.9 2.0 2.1 Real GDP Growth (Y-o-Y) 2.8% 3.4% 4.5% Inflation (% Change) 0.55% 0.52% n/a Sources:IHS Global Insights (December 2012); Dubai Statistics Center 2012 e: estimated 2 Market Highlights – Q4 2012 While optimism has returned to the Dubai market over the second half of 2012, the recovery has been very selective and focused on only the best quality projects, locations and developers. 2013 is likely to see a broader based recovery, but the significant levels of current vacancy and further new supply will limit the extent to which poorer quality projects and those in secondary locations will benefit. • The Dubai economy has seen signs of solid recovery. Gross • The overall residential market has recorded a positive year, with Domestic Product is projected to grow by 4.5% in 2012, supported the villa market continuing to outperform the apartment sector. by the strong performance of tourism, commerce, retail, hospitality Prime projects in well established locations continue to see and logistics. Political stability, world class infrastructure and high improved performance, but secondary locations are still suffering quality of life, have contributed to this growth. from rental and pricing declines as tenants relocate to new high quality projects. • The Department of Economic Development’s Business Confidence Index (BCI) for Dubai rose to 122 points in Q3, compared to 106 • Demand remains strong for retail space in the best performing points in Q2.
    [Show full text]
  • Analysis of Technical Problems in Modern Super-Slim High-Rise Residential Buildings
    Budownictwo i Architektura 20(1) 2021, 83-116 DOI: 10.35784/bud-arch.2141 Received: 09.07.2020; Revised: 19.11.2020; Accepted: 15.12.2020; Avaliable online: 09.02.2020 © 2020 Budownictwo i Architektura Orginal Article This is an open-access article distributed under the terms of the CC-BY-SA 4.0 Analysis of technical problems in modern super-slim high-rise residential buildings Jerzy Szołomicki1, Hanna Golasz-Szołomicka2 1 Faculty of Civil Engineering; Wrocław University of Science and Technology; 27 Wybrzeże Wyspiańskiego st., 50-370 Wrocław; Poland, [email protected] 0000-0002-1339-4470 2 Faculty of Architecture; Wrocław University of Science and Technology; 27 Wybrzeże Wyspiańskiego St., 50-370 Wrocław; Poland [email protected] 0000-0002-1125-6162 Abstract: The purpose of this paper is to present a new skyscraper typology which has developed over the recent years – super-tall and slender, needle-like residential towers. This trend appeared on the construction market along with the progress of advanced struc- tural solutions and the high demand for luxury apartments with spectacular views. Two types of constructions can be distinguished within this typology: ultra-luxury super-slim towers with the exclusivity of one or two apartments per floor (e.g. located in Manhattan, New York) and other slender high-rise towers, built in Dubai, Abu Dhabi, Hong Kong, Bangkok, and Melbourne, among others, which have multiple apartments on each floor. This paper presents a survey of selected slender high-rise buildings, where structural improvements in tall buildings developed over the recent decade are considered from the architectural and structural view.
    [Show full text]
  • EVERSENDAI CORPORATION BERHAD EVERSENDAI ENGINEERING FZE EVERSENDAI ENGINEERING LLC EVERSENDAI Offshore SDN BHD Plot No
    Towering – Powering – Energising – Innovating Moving to New Frontiers MANAGEMENT SYSTEMS EXECUTIVE CHAIRMAN & GROUP MANAGING DIRECTOR’s MESSAGE TAN SRI A.K. NATHAN Moving To New Frontiers The history of Eversendai goes back to 1984 and As we move to new frontiers, we are certain we after three decades of unparalleled experience, will be able to provide our clients the certainty and engineering, technical expertise and a strong network comfort of knowing that their projects are in capable across various countries, we are recognised as a and experienced hands. These developments will leading global organisation in undertaking turnkey complement our vision, mission and core values and contracts; delivering highly complex projects with simultaneously allow us to remain one of the most innovative construction methodologies for high rise successful organisations in the Asian and Middle buildings, power & petrochemical plants as well as Eastern Region and beyond with corresponding composite and reinforced concrete building structures efficiency and reliability. in the Asian and Middle Eastern regions. The successful and timely completion of our projects We have a dedicated workforce of over 10,000 accompanied by soaring innovation, creativity and people and an impressive portfolio of more than 290 our aspiration to move to new frontiers have been the accomplished projects in over 14 different countries key drivers for achieving continuous growth through with 5 steel fabrication factories located in Malaysia, the years and we remain committed to these values. Dubai, Sharjah, Qatar and India, with an annual This stamps our firm intent to dominate the various capacity of 150,000 tonnes. With our state-of-the-art industries which we are involved in and also marks steel fabrication factories, we have constructed some the next phase in our development to be amongst the of the world’s most iconic landmark structures.
    [Show full text]