Real Estate & Developments
TASWEEK & PARTNERS TO HAND OVER FIRST TOWER OF AWARD-WINNING THE HAVEN CONDO AHEAD OF SCHEDULE
ENTIRE 3-TOWER MALAYSIAN LUXURY DEVELOPMENT 85 PER CENT SOLD
FEBRUARY 03, 2013
TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING, AN ADVISOR AND SOLUTIONS PROVIDER SERVING THE PROPERTY MARKETS, HAS ANNOUNCED THAT ‘ACACIA,’ THE FIRST TOWER UNDER THE AWARD-WINNING THE HAVEN LAKESIDE RESIDENCES CONDOMINIUM RISING IN MALAYSIA’S PERAK STATE, WILL BE HANDED OVER BY THE BEGINNING OF FEBRUARY 2013 – WELL AHEAD OF THE ORIGINAL MID-2013 SCHEDULE. THE TURNOVER INCLUDES ALL ANCILLARY AMENITIES, INCLUDING A CLUB HOUSE, SWIMMING POOL AND JOGGING TRACK.
THE COMPLETION OF THE ACACIA WILL BE MARKED WITH A SPECIAL CEREMONY TO BE ATTENDED BY OVER 600 GUESTS. HIS ROYAL HIGHNESS RAJA DR NAZRIN SHAH IBNI SULTAN AZLAN MUHIBBUDDIN SHAH, THE REGENT OF PERAK, AND HER ROYAL HIGHNESS TUANKU ZARA SALIM, THE RAJA PUAN BESAR OF PERAK, WILL BE ATTENDING.
THE AED 269 MILLION LUXURY ADDRESS LOCATED IN IPOH, THE CAPITAL CITY OF PERAK, IS PART OF TASWEEK’S INTERNATIONAL PROPERTY PORTFOLIO AND IS A PARTNERSHIP WITH MALAYSIA’S THE HAVEN COMPANY. THE THREE-TOWER, 497-UNIT COMPLEX IS ALREADY 85 PER CENT SOLD AND CONTINUES TO BE ONE OF THE MOST POPULAR DEVELOPMENTS IN ASIA. IT IS NOTED FOR A 14-STOREY-HIGH, 280-MILLION-YEAR-OLD PRE-JURASSIC LIME ROCK THAT JUTS OUT OF THE ADJACENT LAKE TO SERVE AS A DRAMATIC BACKDROP. THE HAVEN HAS WON 12 PRESTIGIOUS INTERNATIONAL AWARDS SINCE ITS LAUNCH IN 2011.
THE COMPLETION OF THE HAVEN’S TWO OTHER TOWERS, ‘BANYAN’ AND ‘CYCAS,’ IS SLATED FOR AUGUST 2013– HALF A YEAR AHEAD OF SCHEDULE.
“THE HAVEN IS AN IMPORTANT DEVELOPMENT IN IPOH AS IT REINFORCES THE CITY’S SLOGAN AS AN ‘IDEAL VACATION AND RETIREMENT DESTINATION,’ FOR OUR PART, THIS PROJECT IS A VITAL PART OF OUR INTERNATIONAL PORTFOLIO AND ALSO SPEAKS VOLUMES ABOUT OUR COMMITMENT TO EXCELLENCE AND RESPONSIVENESS TO THE NEEDS OF THE MARKET. WE JOIN OUR PARTNER THE HAVEN COMPANY IN CELEBRATING THIS MILESTONE AND FEELING GREAT PRIDE IN BEING PART OF ONE OF MALAYSIA’S TOP DEVELOPMENTS,” SAID MASOOD AL AWAR, CEO, TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING.
FOR OVER 20 YEARS, TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING HAS BUILT A SOLID REPUTATION AS AN INNOVATOR AND LEADER IN THE THRIVING MENA PROPERTY SECTOR. A ONE-STOP SHOP FOR ALL REAL ESTATE NEEDS. SINCE COMMENCING COMMERCIAL ACTIVITIES IN 2009, THE COMPANY HAS BEEN STEADILY EXPANDING ITS MARKET VIA ITS TWO CORE COMPETENCIES OF NETWORKING AND KNOW-HOW. TASWEK OFFERS PURCHASE AND SALE OF STRATEGIC ASSETS; ASSET MANAGEMENT; JOINT VENTURES AND STRATEGIC ALLIANCES; AND MARKETING CONSULTANCY SERVICES.
"تسليم أول برج في مشروع تسويق المشترك "ذا هيفن" ماليزيا قبل الموعد المحدد
بيع 85% من مشروع التطوير العقاري الماليزي الفاخر المؤلف من 3 أبراج
3 فبراير 2013
أعلنت "تسويق للتطوير والتسويق العقاري"، الشركة المتخصصة في مجال توفير استشارات وحلول القطاع العقاري، عن أنه سيتم تسليم "أكاسيا" (ACACIA)، وهو أول برج ضمن مشروع الملكية المشتركة الرائد "ذا هيفن ليك سايد رزيدينسيس" (THE HAVEN LAKESIDE RESIDENCES)، في بداية شهر فبراير/شباط المقبل وذلك قبل الموعد المحدد لذلك في منتصف العام الجاري. وتشمل عملية التسليم كافة المرافق الملحقة، بما في ذلك نادي صحي ومسبح ومسار للجري.
وسيتم الإعلان عن إنتهاء العمل في برج "آكاسيا" ضمن حفل خاص سيحضره أكثر من 600 ضيف. وسيكون من بين الحضور صاحب السمو الملكي الراجا الدكتور نازرين شاه ابني سلطان أزلان محب الدين شاه، حاكم بيراك؛ وصاحبة السمو الملكي توانكو زارا سليم، راجا بوان بيسار في بيراك.
ويعد مشروع التطوير العقاري الفاخر الواقع في إيبوه عاصمة بيراك والبالغة قيمته 269 مليون درهم، جزءاً من محفظة "تسويق" العقارية الدولية، حيث يتم تنفيذه بالشراكة مع شركة "ذا هيفن" الماليزية. وتم حتى الآن بيع ما يصل إلى 85% من هذا المجمع المؤلف من 497 وحدة سكنية، وهو لا يزال واحداً من بين أكثر المشاريع العقارية تطويراً وتحظى بإقبال كبير في آسيا. ويتميز هذا المشروع بقربه من بحيرة فيها صخرة جيرية ترتفع بمقدار 14 طابقاً ويبلغ عمرها 280 مليون عام. كما حصل مشروع "ذا هيفن" على 12 جائزة عالمية مرموقة منذ إطلاقه خلال العام 2011.
ومن المقرر الإنتهاء من البرجين الآخرين "بنيان" و"سيكاس" في شهر أغسطس/آب المقبل، أي قبل عام من الموعد المحدد.
وقال مسعود العور، الرئيس التنفيذي لشركة "تسويق للتطوير والتسويق العقاري": "يعد "ذا هيفن" مشروعاً هاماً في مدينة إيبوه كونه يعزز من مكانة المدينة كوجهة مثالية للعطلات والتقاعد. وإننا نعتبر هذا المشروع جزءاً هاماً من محفظة مشاريعنا الدولية ويأكد التزامنا بالتميز والقدرة على الاستجابة لمتطلبات السوق. وننضم إلى شركة "ذا هيفن" في الاحتفال بهذا الإنجاز، حيث نشعر بالفخر الكبير لمشاركتنا في واحد من أبرز مشاريع التطوير العقاري في ماليزيا".
وتعتبر "تسويق"، التي تمتلك تاريخاً يمتد على مدى أكثر من 20 عاماً من الريادة والابتكار والخبرة في السوق العقاري المزدهر في منطقة الشرق الأوسط وشمال أفريقيا، بمثابة شركة متكاملة لتطوير العقارات وتلبية احتياجاتها الخدمية والتسويقية. ومنذ تأسيسها في العام 2009، توسع نشاط الشركة باطراد في السوق العقاري من خلال اعتمادها على كفاءاتها الأساسية في التواصل وخبرتها في هذا المجال. وتغطي خدمات الشركة مجالات شراء وبيع الاصول الاستراتيجية وإدارة الأصول والمشاريع المشتركة والتحالفات الاستراتيجية واستشارات التسويق.
"الباسل للوساطة العقارية" تحقق مبيعات بأكثر من 50 مليون درهم إماراتي خلال الربع الأخير من العام الماضي
إنتعاش السوق العقاري في دبي يضع الإمارة بين أقوى الأسواق العقارية على مستوى العالم خلال العام الجاري
31 يناير 2012
حققت "الباسل للوساطة العقارية"، الشركة الرائدة في مجال وساطة المبيعات العقارية والعاملة ضمن مجموعة شركات الباسل والتي توفر خدمات الاستشارات وشراء وإدارة المشاريع العقارية في دولة الإمارات، خلال الربع الأخير من العام الماضي مبيعات وخدمات تأجير بأكثر من 50 مليون درهم إماراتي من المشاريع العقارية في دبي. واستطاعت الشركة من خلال أدائها المتميز خلال الفترة المذكورة تحقيق أكبر معدل مبيعات تم تسجيله خلال السنوات الأربع الماضية. ويعزى هذا الأداء القوي لشركة "الباسل"، إلى الإقبال الكبير على المشاريع العقارية والتي تشمل عروضاً عقارية من شركات "إعمار" و"نخيل" و"ديار" في مناطق عديدة مثل الخليج التجاري وواحة السيليكون والمرابع العربية وبرج خليفة - "داون تاون" وجزيرة النخلة.
ويتماشى الأداء المتميز لشركة "الباسل" مع التقارير الأخيرة حول القطاع العقاري والتي تشير إلى أنه من المتوقع أن تبرز دبي، إلى جانب موسكو وميامي، كأقوى الأسواق العقارية على مستوى العالم خلال العام الجاري. وكشف خبراء على أنه بالرغم من الركود الاقتصادي الحالي، فإن هذه المدن سوف تحقق نمواً وأداءً قويين على المستوى العالمي. وفي إطار سعيها إلى لعب دور هام في هذا النمو المتوقع، تستعرض شركة "الباسل" مجموعة واسعة من الخدمات والخبرات والمنتجات للمستثمرين المحليين والوافدين المحتملين الراغبين بالاستثمار في الإمارة.
وإضافة إلى ذلك، أشار محللو القطاع العقاري إلى انتعاش هذا القطاع في دبي، حيث إستؤنف العمل في المشاريع الكبيرة التي تم إيقافها نتيجة الركود الاقتصادي العالمي. وتتضح عودة الانتعاش إلى هذا القطاع من خلال تقرير صدر مؤخراً عن دائرة الأراضي والأملاك والذي يشير إلى ارتفاع عدد الصفقات العقارية في الإمارة بنسبة 50% خلال النصف الأول من العام 2012 مقارنة بالعام الذي سبقه. ويمكن ملاحظة دليل آخر على انتعاش القطاع العقاري في الإمارة من خلال زيادة أسعار العقارات السكنية في المواقع الرئيسية مثل "داون تاون" و"دبي مارينا"، حيث ارتفعت الأسعار بحوالي 15% هذا العام. كما يمكن أن تعزى عودة النشاط الاقتصادي لدبي بشكل أساسي إلى الاستقرار والأمان ولكونها ملاذاً آمناً للمستثمرين.
وقال باسل الكسم، المدير التنفيذي لـ "مجموعة الباسل": "كان العام الماضي عاماً مثيراً بالنسبة لنا، حيث تمكنا من تحقيق إنجازات لافتة وكبيرة. ونحن فخورون بأن نعلن أن حجم مبيعاتنا وأعمالنا في مجال التأجير خلال الأشهر الثلاثة الأخيرة من العام الماضي قد تجاوز بالفعل ما حققناه خلال نفس الفترة على مدى السنوات الأربع الماضية. ومع دخولنا العام الجديد، فإننا على ثقة من توفر المزيد من الفرص في ظل بروز دبي كمركز عالمي للأعمال حيث قمنا بتوظيف كادر إضافي متخصص في التأجير ونبحث في إضافة خبيرين في المبيعات. كما سنواصل التزامنا الثابت بتطوير مجموعة متنوعة من خدمات الوساطة العقارية المبتكرة والفريدة والتي تهدف إلى تشجيع اتباع أفضل الممارسات فيما يتعلق بالعروض العقارية التجارية والسكنية و استقطاب المزيد من المستثمرين المحتملين إلى الإمارة في الوقت نفسه".
SAUDI GERMAN HOSPITAL TO BUILD STATE-OF-THE-ART MEDICAL TOWER AS PART OF GROWTH PLANS IN USD 80BN MIDDLE EAST HEALTHCARE INDUSTRY
SGH TO SHOWCASE KEY FACILITIES OF MEDICAL TOWER AND DISCUSS LATEST ADVANCES IN GERMAN HEALTHCARE TECHNOLOGY AT ARAB HEALTH 2013
JANUARY 27, 2013
SAUDI GERMAN HOSPITALS GROUP (SGH) - DUBAI, THE LARGEST COLLECTION OF PRIVATE MEDICAL CARE IN THE MIDDLE EAST AND NORTH AFRICA, HAS ANNOUNCED PLANS TO CONSTRUCT A STATE-OF-THE-ART MEDICAL TOWER THAT WILL ACCOMMODATE 215 LEASED CLINICS, SIX SPECIALIZED MEDICAL CENTERS AND AN EXPANSIVE EDUCATIONAL CENTRE. SGH FURTHER REVEALED THAT IT WILL PROVIDE AN OVERVIEW OF THE MEDICAL TOWER AND OTHER EXPANSION INITIATIVES IN THE REGION AS WELL AS THE HOSPITAL’S LATEST HEALTHCARE FACILITIES AND STATE-OF-THE-ART GERMAN TECHNOLOGY DURING ITS PARTICIPATION AT ARAB HEALTH 2013, THE WORLD'S LONGEST RUNNING HEALTHCARE EXHIBITION AND CONGRESS THAT WILL BE HELD FROM JANUARY 28 TO 31, AT THE DUBAI INTERNATIONAL CONVENTION & EXHIBITION CENTRE.
WITH THE MIDDLE EAST HEALTHCARE INDUSTRY GENERATING REVENUES OF UP TO USD 80 BILLION ANNUALLY, SGH IS CAPITALIZING ON THE NETWORKING POTENTIAL OF ARAB HEALTH 2013 AND IS ALSO INVESTING IN ADVANCED HEALTHCARE TECHNOLOGIES TO FURTHER STRENGTHEN ITS PRESENCE AND COMPETITIVE ADVANTAGE IN THE REGION.
DR. REEM OSMAN, CEO OF SAUDI GERMAN HOSPITAL – DUBAI, SAID: “HEALTHCARE REMAINS A TOP PRIORITY OF GOVERNMENTS IN THE MIDDLE EAST AND THIS IS CLEARLY REFLECTED BY THE INCREASING HEALTHCARE EXPENDITURE IN THE REGION. SAUDI GERMAN HOSPITALS GROUP - DUBAI IS FULLY COMMITTED TO COMPLEMENT THE GROWING FOCUS ON HEALTHCARE BY MAKING THE LATEST AND MOST ADVANCED GERMAN TECHNOLOGY AVAILABLE AND ENSURING THE HIGHEST STANDARDS IN MEDICAL CARE. OUR PARTICIPATION AT ARAB HEALTH 2013 WILL THEREFORE BE A GREAT OPPORTUNITY TO SHOWCASE THE LATEST INNOVATIONS IN GERMAN MEDICAL TECHNOLOGY AND TO PROVIDE AN OVERVIEW OF FUTURE DEVELOPMENTS IN HEALTHCARE. MOREOVER, WE ARE LOOKING FORWARD TO CAPITALIZING ON THE HUGE NETWORKING POTENTIAL OF ARAB HEALTH TO ESTABLISH STRATEGIC ALLIANCES AND CONSOLIDATE THE REPUTATION OF SAUDI GERMAN HOSPITALS GROUP AS ONE OF THE LEADING HEALTHCARE INSTITUTIONS IN THE MIDDLE EAST.”
SGH-DUBAI FEATURES 300 HOSPITAL BEDS AS WELL AS NEW AND ULTRAMODERN HEALTHCARE INFRASTRUCTURE WITHIN A 90,000 SQ. METER, FIVE-STOREY FACILITY. SAUDI GERMAN HOSPITALS GROUP - DUBAI IS COMMITTED TO BRINGING ADVANCED GERMAN HEALTHCARE STANDARDS AND TECHNOLOGY TO THE MIDDLE EAST AND AFRICA. IT HAS PIONEERED SEVERAL SURGICAL METHODS IN THE MIDDLE EAST AND REMAINS A KEY FIGURE IN INTRODUCING INNOVATIVE HEALTHCARE TECHNOLOGIES AND BEST PRACTICES. THE GROUP IS ALSO ACTIVELY INVOLVED IN VARIOUS CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES, INCLUDING SOCIAL SERVICES AND EDUCATIONAL PROGRAMS FOR THE PUBLIC.
SAUDI GERMAN HOSPITALS GROUP – DUBAI IS EXHIBITING AT STAND C204.
"مجموعة مستشفيات السعودي الألماني في دبي" تعتزم إنشاء برج طبي مواكبة لنمو قطاع الرعاية الصحية في الشرق الأوسط الذي وصلت ايراداته الى 80 مليار دولار سنوياً
المجموعة تستعرض مرفقها الجديد وأحدث التقنيات الطبية الألمانية خلال مشاركتها في معرض "الصحة العربي 2013"
27 يناير 2013
اعلنت "مجموعة مستشفيات السعودي الألماني في دبي"، وهي المجموعة الأضخم من المؤسسات والمراكز الطبية الخاصة في الشرق الأوسط وشمال أفريقيا، عزمها توسيع مرافقها الصحية في دبي عبر إنشاء برج طبي يضم 215 عيادة و6 مراكز طبية متخصصة، بالإضافة إلى مركز تعليمي ضخم. وستقدم المستشفى لمحة عامة عن مشاريعها المستقبلية واحدث التقنيات الطبية الألمانية خلال مشاركتها في معرض "الصحة العربي 2013"، وهو أقدم معرض ومؤتمر طبي من نوعه في العالم في مجال الرعاية الصحية، الذي يقام في الفترة من 28 إلى 31 يناير/ كانون الثاني الجاري في "مركز دبي الدولي للمؤتمرات والمعارض".
وفي ضوء وصول إيرادات قطاع الرعاية الصحية في الشرق الأوسط إلى 80 مليار دولار سنوياً، تسعى "مجموعة مستشفيات السعودي الألماني في دبي" إلى الإستفادة من المزايا الإستراتيجية التي يوفرها معرض "الصحة العربي 2013" بوصفه منصة عالمية رائدة للتواصل وبناء العلاقات وتعزيزها، وبالتالي تعزيز حضورها في أسواق المنطقة وزيادة قدرتها التنافسية.
إلى ذلك، صرّحت الدكتورة ريم عثمان، الرئيس التنفيذي لـ "المستشفى السعودي الألماني": "أصبح قطاع الرعاية الصحية على رأس أولويات الحكومات في منطقة الشرق الأوسط، ويتجلى ذلك بوضوح من خلال إرتفاع حجم الإنفاق العام على قطاع الرعاية الصحية في المنطقة. وتتعهد "مجموعة مستشفيات السعودي الألماني في دبي" بأن تنهض بقطاع الرعاية الصحية في المنطقة وأن تشارك في تطويره من خلال توفير أحدث التقنيات الألمانية المتطورة وضمان الإلتزام بأرفع المعايير العالمية في مجال الرعاية الطبية. وتفتح لنا مشاركتنا في نشاطات الدورة المقبلة من معرض "الصحة العربي 2013" آفاقاً واسعة نسلط فيها الضوء على أحدث الإبتكارات في مجال التكنولوجيا الطبية الألمانية وتزويد المشاركين بلمحة عامة عن التطورات المستقبلية في مجال الرعاية الصحية. علاوة على ذلك، نتطلع إلى تعزيز حضورنا في أسواق المنطقة، إذ يمثل المعرض منصة تفاعلية متخصصة للتواصل مع نظرائنا العالميين والعرب في مجال الرعاية الصحية، فضلا عن بناء مجموعة من الشراكات والعلاقات الإستراتيجية وتعزيز سمعة ومكانة "مجموعة مستشفيات السعودي الألماني"، بإعتبارها إحدى أبرز المؤسسات الطبية الرائدة في الشرق الأوسط."
يذكر أنّ "المستشفى السعودي الألماني في دبي" يتألف من خمسة طوابق ويمتد على مساحة مقدرة بنحو 90,000 متر مربع وتبلغ سعته 300 سرير ويتمتع بمجموعة من المرافق الطبية المتطورة والمتكاملة. وتتعهد "مجموعة مستشفيات السعودي الألماني في دبي" بتقديم أحدث التقنيات وأفضل خدمات الرعاية الصحية وفقاً لأرفع المعايير الألمانية المعاصرة في هذا المجال وتوفيرها للمجتمعات المحلية التي تخدمها في منطقة الشرق الأوسط وأفريقيا. ويعود للمستشفى الفضل والدور الأكبر في إطلاق مجموعة من الأساليب الجراحية الحديثة في منطقة الشرق الأوسط ويعد أحد أبرز المؤسسات الفاعلة في إبتكار وتطوير حزمة من التقنيات الطبية الحديثة ونشر أفضل الممارسات في مجال الرعاية الطبية. كما يشارك المستشفى بشكل فعّال في مجموعة واسعة من مبادرات المسؤولية الإجتماعية للشركات، بما في ذلك برامج الخدمات الاجتماعية والبرامج التعليمية للجمهور.
AL BASEL REAL ESTATE BROKERS SALES TOP AED 50 MILLION IN Q4 2012
DUBAI’S REAL ESTATE REBOUND HAS POSITIONED EMIRATE AS ONE OF THE STRONGEST GLOBAL MARKETS FOR 2013
JANUARY 21, 2013
AL BASEL REAL ESTATE BROKERS, A LEADING BOUTIQUE REAL ESTATE BROKERAGE FIRM UNDER THE AL BASEL GROUP OF COMPANIES THAT PROVIDES ADVICE AND HANDLES THE PURCHASE AND RENTAL MANAGEMENT OF HIGH-END PROPERTY PROJECTS IN THE UAE, HAS REPORTEDLY ACHIEVED OVER AED 50 MILLION FROM SALES AND RENTAL BUSINESS FROM ITS DUBAI-BASED PROJECTS DURING THE FOURTH QUARTER OF 2012. THE COMPANY’S OUTSTANDING PERFORMANCE OVER THE MENTIONED PERIOD HAS OUT GROSSED SALES RECORDED OVER THE LAST FOUR YEARS. AL BASEL’S VIBRANT STANDING IS ATTRIBUTED TO THE STRONG RESPONSE ON THE PROJECTS THEY HAVE ON OFFER, WHICH INCLUDES OFFERINGS FROM EMAAR, NAKHEEL AND DEYAAR IN AREAS OF BUSINESS BAY, SILICON OASIS, ARABIAN RANCHES, BURJ KHALIFA DOWN TOWN AND THE PALM ISLAND.
AL BASEL’S EXCELLENT PERFORMANCE COMPLEMENTS RECENT INDUSTRY REPORTS WHERE DUBAI, ALONGSIDE MOSCOW AND MIAMI, ARE EXPECTED TO EMERGE AS THE STRONGEST GLOBAL MARKETS IN 2013. EXPERTS HAVE REVEALED THAT DESPITE THE CURRENT ECONOMIC GRIDLOCK, THESE CITIES ARE SET FOR GROWTH AND GREAT PERFORMANCE, GLOBALLY. LOOKING TO PLAY A SIGNIFICANT ROLE IN THE EXPECTED GROWTH, AL BASEL WILL BE LEVERAGING ITS WIDE RANGE OF SERVICES, KNOWLEDGE AND PRODUCTS ACROSS POTENTIAL LOCAL AND EXPATRIATE INVESTORS LOOKING TO INVEST IN THE EMIRATE.
IN ADDITION, REAL ESTATE ANALYSTS HAVE TAKEN NOTE OF DUBAI’S REAL ESTATE REBOUND, WHEREIN HIGH-PROFILE PROJECTS THAT WERE ONCE STALLED AS A RESULT OF THE GLOBAL ECONOMIC GRIDLOCK HAVE NOW RESUMED CONSTRUCTION. PROOF OF THE REBOUND IS EVIDENT IN A RECENT REPORT FROM THE DUBAI LAND DEPARTMENT, SHOWING THAT THE NUMBER OF PROPERTY TRANSACTIONS IN THE EMIRATE JUMPED 50 PER CENT DURING THE FIRST HALF OF 2012 AS COMPARED TO 2011. ANOTHER SHOW OF THE EMIRATE'S REVITALIZED REAL ESTATE SEGMENT CAN BE SEEN IN THE INCREASE IN THE PRICES OF RESIDENTIAL PROPERTIES IN PRIME LOCATIONS LIKE THE DOWNTOWN AREA AND THE DUBAI MARINA AREA, WHICH HAS RISEN TO ABOUT 15 PER CENT THIS YEAR. DUBAI'S RESURGENCE CAN MAINLY BE ATTRIBUTED TO ITS SHOWCASE OF STABILITY AND SECURITY--A SAFE HAVEN FOR POTENTIAL INVESTORS.
“2012 WAS TRULY AN EXCITING YEAR FOR THE COMPANY, MARKING SIGNIFICANT BREAKTHROUGHS AND ACHIEVEMENTS FOR US. WE ARE PROUD TO REPORT THAT OUR SALES AND RENTAL BUSINESS IN THE LAST THREE MONTHS OF 2012 HAS ALREADY OUTPERFORMED WHAT WE RECORDED IN THE LAST FOUR YEARS. AS WE ENTER THE NEW YEAR, WE REMAIN CONFIDENT IN THE ARRIVAL OF MORE BUSINESS OPPORTUNITIES AS DUBAI CONTINUES TO EMERGE AS A GLOBAL HUB FOR BUSINESS. ACCORDINGLY, WE HIRED AN ADDITIONAL LEASING SPECIALIST AND ARE PLANNING TO HIRE TWO MORE SALES AGENTS, TO HELP MANAGE THE EXPECTED DEMAND IN 2013. REST ASSURED, WE WILL CONTINUE TO REMAIN STEADFAST IN OUR COMMITMENT TO DEVELOP A DIVERSE PORTFOLIO OF UNIQUE AND INNOVATIVE BROKERAGE SERVICES THAT ARE AIMED AT ENCOURAGING HIGHER QUALITY AND BEST PRACTICES FOR COMMERCIAL AND RESIDENTIAL OFFERINGS WHILE AT THE SAME TIME ATTRACTING MORE POTENTIAL INVESTORS INTO THE EMIRATE,” CONCLUDED BASEL AL KASEM, CEO, AL BASEL REAL ESTATE BROKERS.
TASWEEK FORMS STRATEGIC PARTNERSHIP WITH MILLENIUM DEVELOPMENT TO BROADEN INTERNATIONAL REACH
ALLIANCE ADDS MOMENTUM TO TASWEEK’S ARAB MARKET EXPANSIONS
JANUARY 15, 2013TASWEEK REAL ESTATE MARKETING AND DEVELOPMENT, AN ADVISOR AND SOLUTIONS PROVIDER SERVING THE PROPERTY MARKETS, HAS ANNOUNCED THAT IT HAS SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) WITH MILLENNIUM DEVELOPMENT INTERNATIONAL (MDI) WITH THE AIM OF STRUCTURING THEIR COMMERCIAL AND PROFESSIONAL RELATIONSHIP ON REAL ESTATE DEVELOPMENT PROJECTS WORLDWIDE. THE STRATEGIC PARTNERSHIP FORMS PART OF TASWEEK INITIATIVES TO BROADEN ITS REACH WITHIN THE ARAB MARKETS.
AS PART OF ITS EXPANSION EFFORTS, TASWEEK RECENTLY LAUNCHED MARRAKECH HEALTHCARE CITY, A SPRAWLING USD 40 MILLION RESIDENTIAL AND HEALTHCARE PROJECT LOCATED AT MOROCCO’S THIRD LARGEST CITY. THE DEVELOPMENT IS SCHEDULED FOR COMPLETION WITHIN 24 MONTHS AND IS PART OF TASWEEK’S USD 250 MILLION INTERNATIONAL PORTFOLIO.
“OVER THE PAST FOUR YEARS, TASWEEK HAS BEEN CAREFULLY GROWING ITS REAL ESTATE INVESTMENT PORTFOLIO IN STRATEGIC MARKETS AND ADDING VALUE TO ITS SHAREHOLDERS THROUGH MAJOR ALLIANCES WITH RECOGNIZED PARTNERS AND PROFESSIONALS IN OUR INDUSTRY,” SAID MASOOD AL AWAR, CEO TASWEEK REAL ESTATE MARKETING AND DEVELOPMENT. “THE COOPERATIVE AGREEMENT WITH MILLENNIUM DEVELOPMENT INTERNATIONAL WILL CAPITALIZE ON THE BEST OF TWO WORLDS: TASWEEK’S SOLID BASE OF REAL ESTATE DEVELOPMENT INVESTMENTS AND MARKETING ALONGSIDE MILLENNIUM’S GLOBAL AND REGIONAL EXPERTISE IN LARGE AND MIXED USE PROJECTS. TOGETHER AND ALONGSIDE OUR ENTRUSTED INVESTMENT PARTNERS, WE SHALL ACCELERATE THE DELIVERY OF OUR PROJECTS IN THE STRATEGIC MARKETS WE ARE ALREADY IN AND OPEN OTHER MARKETS WITH PROMISING FUTURES SUCH AS IRAQ, EGYPT AND TURKEY.”
“MAKING CITIES AND COMMUNITIES FOR PEOPLE HAS BEEN OUR TEAM’S CORE COMPETENCY IN DEVELOPMENT MANAGEMENT FOR MORE THAN 15 YEARS,” ADDED OUSAMMA KABBANI, CHAIRMAN AND MANAGING DIRECTOR, MILLENNIUM DEVELOPMENT INTERNATIONAL. “OUR EXPERIENCE IN MANAGING MANY COMPLEX, LARGE-SCALE PROJECTS HAS GAINED US REGIONAL AND INTERNATIONAL RECOGNITION. WE ARE VERY OPTIMISTIC AND EXCITED ABOUT OUR COOPERATION AND FUTURE PROSPECTS WITH TASWEEK AS IT IS BASED ON THE KIND OF SYNERGIES NECESSARY FOR SUCCESS IN THE POST-2008 MARKET PLACE, BRINGING A STRONG BASE OF INVESTMENT, DEVELOPMENT MANAGEMENT AND CONSTRUCTION DELIVERY. THROUGH THIS VENTURE, WE ASPIRE TO BE JOINTLY RECOGNIZED IN THE REGION AND BEYOND AS LEADING DEVELOPERS OFFERING QUALITY, SUSTAINABILITY AND PROFITABILITY. WE HOPE THAT WE WILL BE ABLE TO ANNOUNCE OUR FIRST JOINT VENTURE IN THE FIRST QUARTER OF 2013.”TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING IS EYEING EXPANSION INTO EUROPEAN, ASIAN AND OTHER KEY GROWTH MARKETS. BACKED BY OVER 20 YEARS OF INNOVATION, LEADERSHIP AND MARKET EXPERTISE IN THE MENA PROPERTY SECTOR, TASWEEK OFFERS A ONE-STOP-SHOP FOR ALL REAL ESTATE NEEDS. THE COMPANY’S COMPREHENSIVE SERVICE PORTFOLIO SPANS PURCHASE AND SALE OF STRATEGIC ASSETS; ASSET MANAGEMENT; JOINT VENTURES AND STRATEGIC ALLIANCES; AND MARKETING CONSULTANCY.
TASWEEK & PARTNERS TO HAND OVER FIRST TOWER OF AWARD-WINNING THE HAVEN CONDO AHEAD OF SCHEDULE
ENTIRE 3-TOWER MALAYSIAN LUXURY DEVELOPMENT 85 PER CENT SOLD
FEBRUARY 03, 2013
TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING, AN ADVISOR AND SOLUTIONS PROVIDER SERVING THE PROPERTY MARKETS, HAS ANNOUNCED THAT ‘ACACIA,’ THE FIRST TOWER UNDER THE AWARD-WINNING THE HAVEN LAKESIDE RESIDENCES CONDOMINIUM RISING IN MALAYSIA’S PERAK STATE, WILL BE HANDED OVER BY THE BEGINNING OF FEBRUARY 2013 – WELL AHEAD OF THE ORIGINAL MID-2013 SCHEDULE. THE TURNOVER INCLUDES ALL ANCILLARY AMENITIES, INCLUDING A CLUB HOUSE, SWIMMING POOL AND JOGGING TRACK.
THE COMPLETION OF THE ACACIA WILL BE MARKED WITH A SPECIAL CEREMONY TO BE ATTENDED BY OVER 600 GUESTS. HIS ROYAL HIGHNESS RAJA DR NAZRIN SHAH IBNI SULTAN AZLAN MUHIBBUDDIN SHAH, THE REGENT OF PERAK, AND HER ROYAL HIGHNESS TUANKU ZARA SALIM, THE RAJA PUAN BESAR OF PERAK, WILL BE ATTENDING.
THE AED 269 MILLION LUXURY ADDRESS LOCATED IN IPOH, THE CAPITAL CITY OF PERAK, IS PART OF TASWEEK’S INTERNATIONAL PROPERTY PORTFOLIO AND IS A PARTNERSHIP WITH MALAYSIA’S THE HAVEN COMPANY. THE THREE-TOWER, 497-UNIT COMPLEX IS ALREADY 85 PER CENT SOLD AND CONTINUES TO BE ONE OF THE MOST POPULAR DEVELOPMENTS IN ASIA. IT IS NOTED FOR A 14-STOREY-HIGH, 280-MILLION-YEAR-OLD PRE-JURASSIC LIME ROCK THAT JUTS OUT OF THE ADJACENT LAKE TO SERVE AS A DRAMATIC BACKDROP. THE HAVEN HAS WON 12 PRESTIGIOUS INTERNATIONAL AWARDS SINCE ITS LAUNCH IN 2011.
THE COMPLETION OF THE HAVEN’S TWO OTHER TOWERS, ‘BANYAN’ AND ‘CYCAS,’ IS SLATED FOR AUGUST 2013– HALF A YEAR AHEAD OF SCHEDULE.
“THE HAVEN IS AN IMPORTANT DEVELOPMENT IN IPOH AS IT REINFORCES THE CITY’S SLOGAN AS AN ‘IDEAL VACATION AND RETIREMENT DESTINATION,’ FOR OUR PART, THIS PROJECT IS A VITAL PART OF OUR INTERNATIONAL PORTFOLIO AND ALSO SPEAKS VOLUMES ABOUT OUR COMMITMENT TO EXCELLENCE AND RESPONSIVENESS TO THE NEEDS OF THE MARKET. WE JOIN OUR PARTNER THE HAVEN COMPANY IN CELEBRATING THIS MILESTONE AND FEELING GREAT PRIDE IN BEING PART OF ONE OF MALAYSIA’S TOP DEVELOPMENTS,” SAID MASOOD AL AWAR, CEO, TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING.
FOR OVER 20 YEARS, TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING HAS BUILT A SOLID REPUTATION AS AN INNOVATOR AND LEADER IN THE THRIVING MENA PROPERTY SECTOR. A ONE-STOP SHOP FOR ALL REAL ESTATE NEEDS. SINCE COMMENCING COMMERCIAL ACTIVITIES IN 2009, THE COMPANY HAS BEEN STEADILY EXPANDING ITS MARKET VIA ITS TWO CORE COMPETENCIES OF NETWORKING AND KNOW-HOW. TASWEK OFFERS PURCHASE AND SALE OF STRATEGIC ASSETS; ASSET MANAGEMENT; JOINT VENTURES AND STRATEGIC ALLIANCES; AND MARKETING CONSULTANCY SERVICES.
"تسليم أول برج في مشروع تسويق المشترك "ذا هيفن" ماليزيا قبل الموعد المحدد
بيع 85% من مشروع التطوير العقاري الماليزي الفاخر المؤلف من 3 أبراج
3 فبراير 2013
أعلنت "تسويق للتطوير والتسويق العقاري"، الشركة المتخصصة في مجال توفير استشارات وحلول القطاع العقاري، عن أنه سيتم تسليم "أكاسيا" (ACACIA)، وهو أول برج ضمن مشروع الملكية المشتركة الرائد "ذا هيفن ليك سايد رزيدينسيس" (THE HAVEN LAKESIDE RESIDENCES)، في بداية شهر فبراير/شباط المقبل وذلك قبل الموعد المحدد لذلك في منتصف العام الجاري. وتشمل عملية التسليم كافة المرافق الملحقة، بما في ذلك نادي صحي ومسبح ومسار للجري.
وسيتم الإعلان عن إنتهاء العمل في برج "آكاسيا" ضمن حفل خاص سيحضره أكثر من 600 ضيف. وسيكون من بين الحضور صاحب السمو الملكي الراجا الدكتور نازرين شاه ابني سلطان أزلان محب الدين شاه، حاكم بيراك؛ وصاحبة السمو الملكي توانكو زارا سليم، راجا بوان بيسار في بيراك.
ويعد مشروع التطوير العقاري الفاخر الواقع في إيبوه عاصمة بيراك والبالغة قيمته 269 مليون درهم، جزءاً من محفظة "تسويق" العقارية الدولية، حيث يتم تنفيذه بالشراكة مع شركة "ذا هيفن" الماليزية. وتم حتى الآن بيع ما يصل إلى 85% من هذا المجمع المؤلف من 497 وحدة سكنية، وهو لا يزال واحداً من بين أكثر المشاريع العقارية تطويراً وتحظى بإقبال كبير في آسيا. ويتميز هذا المشروع بقربه من بحيرة فيها صخرة جيرية ترتفع بمقدار 14 طابقاً ويبلغ عمرها 280 مليون عام. كما حصل مشروع "ذا هيفن" على 12 جائزة عالمية مرموقة منذ إطلاقه خلال العام 2011.
ومن المقرر الإنتهاء من البرجين الآخرين "بنيان" و"سيكاس" في شهر أغسطس/آب المقبل، أي قبل عام من الموعد المحدد.
وقال مسعود العور، الرئيس التنفيذي لشركة "تسويق للتطوير والتسويق العقاري": "يعد "ذا هيفن" مشروعاً هاماً في مدينة إيبوه كونه يعزز من مكانة المدينة كوجهة مثالية للعطلات والتقاعد. وإننا نعتبر هذا المشروع جزءاً هاماً من محفظة مشاريعنا الدولية ويأكد التزامنا بالتميز والقدرة على الاستجابة لمتطلبات السوق. وننضم إلى شركة "ذا هيفن" في الاحتفال بهذا الإنجاز، حيث نشعر بالفخر الكبير لمشاركتنا في واحد من أبرز مشاريع التطوير العقاري في ماليزيا".
وتعتبر "تسويق"، التي تمتلك تاريخاً يمتد على مدى أكثر من 20 عاماً من الريادة والابتكار والخبرة في السوق العقاري المزدهر في منطقة الشرق الأوسط وشمال أفريقيا، بمثابة شركة متكاملة لتطوير العقارات وتلبية احتياجاتها الخدمية والتسويقية. ومنذ تأسيسها في العام 2009، توسع نشاط الشركة باطراد في السوق العقاري من خلال اعتمادها على كفاءاتها الأساسية في التواصل وخبرتها في هذا المجال. وتغطي خدمات الشركة مجالات شراء وبيع الاصول الاستراتيجية وإدارة الأصول والمشاريع المشتركة والتحالفات الاستراتيجية واستشارات التسويق.
"الباسل للوساطة العقارية" تحقق مبيعات بأكثر من 50 مليون درهم إماراتي خلال الربع الأخير من العام الماضي
إنتعاش السوق العقاري في دبي يضع الإمارة بين أقوى الأسواق العقارية على مستوى العالم خلال العام الجاري
31 يناير 2012
حققت "الباسل للوساطة العقارية"، الشركة الرائدة في مجال وساطة المبيعات العقارية والعاملة ضمن مجموعة شركات الباسل والتي توفر خدمات الاستشارات وشراء وإدارة المشاريع العقارية في دولة الإمارات، خلال الربع الأخير من العام الماضي مبيعات وخدمات تأجير بأكثر من 50 مليون درهم إماراتي من المشاريع العقارية في دبي. واستطاعت الشركة من خلال أدائها المتميز خلال الفترة المذكورة تحقيق أكبر معدل مبيعات تم تسجيله خلال السنوات الأربع الماضية. ويعزى هذا الأداء القوي لشركة "الباسل"، إلى الإقبال الكبير على المشاريع العقارية والتي تشمل عروضاً عقارية من شركات "إعمار" و"نخيل" و"ديار" في مناطق عديدة مثل الخليج التجاري وواحة السيليكون والمرابع العربية وبرج خليفة - "داون تاون" وجزيرة النخلة.
ويتماشى الأداء المتميز لشركة "الباسل" مع التقارير الأخيرة حول القطاع العقاري والتي تشير إلى أنه من المتوقع أن تبرز دبي، إلى جانب موسكو وميامي، كأقوى الأسواق العقارية على مستوى العالم خلال العام الجاري. وكشف خبراء على أنه بالرغم من الركود الاقتصادي الحالي، فإن هذه المدن سوف تحقق نمواً وأداءً قويين على المستوى العالمي. وفي إطار سعيها إلى لعب دور هام في هذا النمو المتوقع، تستعرض شركة "الباسل" مجموعة واسعة من الخدمات والخبرات والمنتجات للمستثمرين المحليين والوافدين المحتملين الراغبين بالاستثمار في الإمارة.
وإضافة إلى ذلك، أشار محللو القطاع العقاري إلى انتعاش هذا القطاع في دبي، حيث إستؤنف العمل في المشاريع الكبيرة التي تم إيقافها نتيجة الركود الاقتصادي العالمي. وتتضح عودة الانتعاش إلى هذا القطاع من خلال تقرير صدر مؤخراً عن دائرة الأراضي والأملاك والذي يشير إلى ارتفاع عدد الصفقات العقارية في الإمارة بنسبة 50% خلال النصف الأول من العام 2012 مقارنة بالعام الذي سبقه. ويمكن ملاحظة دليل آخر على انتعاش القطاع العقاري في الإمارة من خلال زيادة أسعار العقارات السكنية في المواقع الرئيسية مثل "داون تاون" و"دبي مارينا"، حيث ارتفعت الأسعار بحوالي 15% هذا العام. كما يمكن أن تعزى عودة النشاط الاقتصادي لدبي بشكل أساسي إلى الاستقرار والأمان ولكونها ملاذاً آمناً للمستثمرين.
وقال باسل الكسم، المدير التنفيذي لـ "مجموعة الباسل": "كان العام الماضي عاماً مثيراً بالنسبة لنا، حيث تمكنا من تحقيق إنجازات لافتة وكبيرة. ونحن فخورون بأن نعلن أن حجم مبيعاتنا وأعمالنا في مجال التأجير خلال الأشهر الثلاثة الأخيرة من العام الماضي قد تجاوز بالفعل ما حققناه خلال نفس الفترة على مدى السنوات الأربع الماضية. ومع دخولنا العام الجديد، فإننا على ثقة من توفر المزيد من الفرص في ظل بروز دبي كمركز عالمي للأعمال حيث قمنا بتوظيف كادر إضافي متخصص في التأجير ونبحث في إضافة خبيرين في المبيعات. كما سنواصل التزامنا الثابت بتطوير مجموعة متنوعة من خدمات الوساطة العقارية المبتكرة والفريدة والتي تهدف إلى تشجيع اتباع أفضل الممارسات فيما يتعلق بالعروض العقارية التجارية والسكنية و استقطاب المزيد من المستثمرين المحتملين إلى الإمارة في الوقت نفسه".
SAUDI GERMAN HOSPITAL TO BUILD STATE-OF-THE-ART MEDICAL TOWER AS PART OF GROWTH PLANS IN USD 80BN MIDDLE EAST HEALTHCARE INDUSTRY
SGH TO SHOWCASE KEY FACILITIES OF MEDICAL TOWER AND DISCUSS LATEST ADVANCES IN GERMAN HEALTHCARE TECHNOLOGY AT ARAB HEALTH 2013
JANUARY 27, 2013
SAUDI GERMAN HOSPITALS GROUP (SGH) - DUBAI, THE LARGEST COLLECTION OF PRIVATE MEDICAL CARE IN THE MIDDLE EAST AND NORTH AFRICA, HAS ANNOUNCED PLANS TO CONSTRUCT A STATE-OF-THE-ART MEDICAL TOWER THAT WILL ACCOMMODATE 215 LEASED CLINICS, SIX SPECIALIZED MEDICAL CENTERS AND AN EXPANSIVE EDUCATIONAL CENTRE. SGH FURTHER REVEALED THAT IT WILL PROVIDE AN OVERVIEW OF THE MEDICAL TOWER AND OTHER EXPANSION INITIATIVES IN THE REGION AS WELL AS THE HOSPITAL’S LATEST HEALTHCARE FACILITIES AND STATE-OF-THE-ART GERMAN TECHNOLOGY DURING ITS PARTICIPATION AT ARAB HEALTH 2013, THE WORLD'S LONGEST RUNNING HEALTHCARE EXHIBITION AND CONGRESS THAT WILL BE HELD FROM JANUARY 28 TO 31, AT THE DUBAI INTERNATIONAL CONVENTION & EXHIBITION CENTRE.
WITH THE MIDDLE EAST HEALTHCARE INDUSTRY GENERATING REVENUES OF UP TO USD 80 BILLION ANNUALLY, SGH IS CAPITALIZING ON THE NETWORKING POTENTIAL OF ARAB HEALTH 2013 AND IS ALSO INVESTING IN ADVANCED HEALTHCARE TECHNOLOGIES TO FURTHER STRENGTHEN ITS PRESENCE AND COMPETITIVE ADVANTAGE IN THE REGION.
DR. REEM OSMAN, CEO OF SAUDI GERMAN HOSPITAL – DUBAI, SAID: “HEALTHCARE REMAINS A TOP PRIORITY OF GOVERNMENTS IN THE MIDDLE EAST AND THIS IS CLEARLY REFLECTED BY THE INCREASING HEALTHCARE EXPENDITURE IN THE REGION. SAUDI GERMAN HOSPITALS GROUP - DUBAI IS FULLY COMMITTED TO COMPLEMENT THE GROWING FOCUS ON HEALTHCARE BY MAKING THE LATEST AND MOST ADVANCED GERMAN TECHNOLOGY AVAILABLE AND ENSURING THE HIGHEST STANDARDS IN MEDICAL CARE. OUR PARTICIPATION AT ARAB HEALTH 2013 WILL THEREFORE BE A GREAT OPPORTUNITY TO SHOWCASE THE LATEST INNOVATIONS IN GERMAN MEDICAL TECHNOLOGY AND TO PROVIDE AN OVERVIEW OF FUTURE DEVELOPMENTS IN HEALTHCARE. MOREOVER, WE ARE LOOKING FORWARD TO CAPITALIZING ON THE HUGE NETWORKING POTENTIAL OF ARAB HEALTH TO ESTABLISH STRATEGIC ALLIANCES AND CONSOLIDATE THE REPUTATION OF SAUDI GERMAN HOSPITALS GROUP AS ONE OF THE LEADING HEALTHCARE INSTITUTIONS IN THE MIDDLE EAST.”
SGH-DUBAI FEATURES 300 HOSPITAL BEDS AS WELL AS NEW AND ULTRAMODERN HEALTHCARE INFRASTRUCTURE WITHIN A 90,000 SQ. METER, FIVE-STOREY FACILITY. SAUDI GERMAN HOSPITALS GROUP - DUBAI IS COMMITTED TO BRINGING ADVANCED GERMAN HEALTHCARE STANDARDS AND TECHNOLOGY TO THE MIDDLE EAST AND AFRICA. IT HAS PIONEERED SEVERAL SURGICAL METHODS IN THE MIDDLE EAST AND REMAINS A KEY FIGURE IN INTRODUCING INNOVATIVE HEALTHCARE TECHNOLOGIES AND BEST PRACTICES. THE GROUP IS ALSO ACTIVELY INVOLVED IN VARIOUS CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES, INCLUDING SOCIAL SERVICES AND EDUCATIONAL PROGRAMS FOR THE PUBLIC.
SAUDI GERMAN HOSPITALS GROUP – DUBAI IS EXHIBITING AT STAND C204.
"مجموعة مستشفيات السعودي الألماني في دبي" تعتزم إنشاء برج طبي مواكبة لنمو قطاع الرعاية الصحية في الشرق الأوسط الذي وصلت ايراداته الى 80 مليار دولار سنوياً
المجموعة تستعرض مرفقها الجديد وأحدث التقنيات الطبية الألمانية خلال مشاركتها في معرض "الصحة العربي 2013"
27 يناير 2013
اعلنت "مجموعة مستشفيات السعودي الألماني في دبي"، وهي المجموعة الأضخم من المؤسسات والمراكز الطبية الخاصة في الشرق الأوسط وشمال أفريقيا، عزمها توسيع مرافقها الصحية في دبي عبر إنشاء برج طبي يضم 215 عيادة و6 مراكز طبية متخصصة، بالإضافة إلى مركز تعليمي ضخم. وستقدم المستشفى لمحة عامة عن مشاريعها المستقبلية واحدث التقنيات الطبية الألمانية خلال مشاركتها في معرض "الصحة العربي 2013"، وهو أقدم معرض ومؤتمر طبي من نوعه في العالم في مجال الرعاية الصحية، الذي يقام في الفترة من 28 إلى 31 يناير/ كانون الثاني الجاري في "مركز دبي الدولي للمؤتمرات والمعارض".
وفي ضوء وصول إيرادات قطاع الرعاية الصحية في الشرق الأوسط إلى 80 مليار دولار سنوياً، تسعى "مجموعة مستشفيات السعودي الألماني في دبي" إلى الإستفادة من المزايا الإستراتيجية التي يوفرها معرض "الصحة العربي 2013" بوصفه منصة عالمية رائدة للتواصل وبناء العلاقات وتعزيزها، وبالتالي تعزيز حضورها في أسواق المنطقة وزيادة قدرتها التنافسية.
إلى ذلك، صرّحت الدكتورة ريم عثمان، الرئيس التنفيذي لـ "المستشفى السعودي الألماني": "أصبح قطاع الرعاية الصحية على رأس أولويات الحكومات في منطقة الشرق الأوسط، ويتجلى ذلك بوضوح من خلال إرتفاع حجم الإنفاق العام على قطاع الرعاية الصحية في المنطقة. وتتعهد "مجموعة مستشفيات السعودي الألماني في دبي" بأن تنهض بقطاع الرعاية الصحية في المنطقة وأن تشارك في تطويره من خلال توفير أحدث التقنيات الألمانية المتطورة وضمان الإلتزام بأرفع المعايير العالمية في مجال الرعاية الطبية. وتفتح لنا مشاركتنا في نشاطات الدورة المقبلة من معرض "الصحة العربي 2013" آفاقاً واسعة نسلط فيها الضوء على أحدث الإبتكارات في مجال التكنولوجيا الطبية الألمانية وتزويد المشاركين بلمحة عامة عن التطورات المستقبلية في مجال الرعاية الصحية. علاوة على ذلك، نتطلع إلى تعزيز حضورنا في أسواق المنطقة، إذ يمثل المعرض منصة تفاعلية متخصصة للتواصل مع نظرائنا العالميين والعرب في مجال الرعاية الصحية، فضلا عن بناء مجموعة من الشراكات والعلاقات الإستراتيجية وتعزيز سمعة ومكانة "مجموعة مستشفيات السعودي الألماني"، بإعتبارها إحدى أبرز المؤسسات الطبية الرائدة في الشرق الأوسط."
يذكر أنّ "المستشفى السعودي الألماني في دبي" يتألف من خمسة طوابق ويمتد على مساحة مقدرة بنحو 90,000 متر مربع وتبلغ سعته 300 سرير ويتمتع بمجموعة من المرافق الطبية المتطورة والمتكاملة. وتتعهد "مجموعة مستشفيات السعودي الألماني في دبي" بتقديم أحدث التقنيات وأفضل خدمات الرعاية الصحية وفقاً لأرفع المعايير الألمانية المعاصرة في هذا المجال وتوفيرها للمجتمعات المحلية التي تخدمها في منطقة الشرق الأوسط وأفريقيا. ويعود للمستشفى الفضل والدور الأكبر في إطلاق مجموعة من الأساليب الجراحية الحديثة في منطقة الشرق الأوسط ويعد أحد أبرز المؤسسات الفاعلة في إبتكار وتطوير حزمة من التقنيات الطبية الحديثة ونشر أفضل الممارسات في مجال الرعاية الطبية. كما يشارك المستشفى بشكل فعّال في مجموعة واسعة من مبادرات المسؤولية الإجتماعية للشركات، بما في ذلك برامج الخدمات الاجتماعية والبرامج التعليمية للجمهور.
AL BASEL REAL ESTATE BROKERS SALES TOP AED 50 MILLION IN Q4 2012
DUBAI’S REAL ESTATE REBOUND HAS POSITIONED EMIRATE AS ONE OF THE STRONGEST GLOBAL MARKETS FOR 2013
JANUARY 21, 2013
AL BASEL REAL ESTATE BROKERS, A LEADING BOUTIQUE REAL ESTATE BROKERAGE FIRM UNDER THE AL BASEL GROUP OF COMPANIES THAT PROVIDES ADVICE AND HANDLES THE PURCHASE AND RENTAL MANAGEMENT OF HIGH-END PROPERTY PROJECTS IN THE UAE, HAS REPORTEDLY ACHIEVED OVER AED 50 MILLION FROM SALES AND RENTAL BUSINESS FROM ITS DUBAI-BASED PROJECTS DURING THE FOURTH QUARTER OF 2012. THE COMPANY’S OUTSTANDING PERFORMANCE OVER THE MENTIONED PERIOD HAS OUT GROSSED SALES RECORDED OVER THE LAST FOUR YEARS. AL BASEL’S VIBRANT STANDING IS ATTRIBUTED TO THE STRONG RESPONSE ON THE PROJECTS THEY HAVE ON OFFER, WHICH INCLUDES OFFERINGS FROM EMAAR, NAKHEEL AND DEYAAR IN AREAS OF BUSINESS BAY, SILICON OASIS, ARABIAN RANCHES, BURJ KHALIFA DOWN TOWN AND THE PALM ISLAND.
AL BASEL’S EXCELLENT PERFORMANCE COMPLEMENTS RECENT INDUSTRY REPORTS WHERE DUBAI, ALONGSIDE MOSCOW AND MIAMI, ARE EXPECTED TO EMERGE AS THE STRONGEST GLOBAL MARKETS IN 2013. EXPERTS HAVE REVEALED THAT DESPITE THE CURRENT ECONOMIC GRIDLOCK, THESE CITIES ARE SET FOR GROWTH AND GREAT PERFORMANCE, GLOBALLY. LOOKING TO PLAY A SIGNIFICANT ROLE IN THE EXPECTED GROWTH, AL BASEL WILL BE LEVERAGING ITS WIDE RANGE OF SERVICES, KNOWLEDGE AND PRODUCTS ACROSS POTENTIAL LOCAL AND EXPATRIATE INVESTORS LOOKING TO INVEST IN THE EMIRATE.
IN ADDITION, REAL ESTATE ANALYSTS HAVE TAKEN NOTE OF DUBAI’S REAL ESTATE REBOUND, WHEREIN HIGH-PROFILE PROJECTS THAT WERE ONCE STALLED AS A RESULT OF THE GLOBAL ECONOMIC GRIDLOCK HAVE NOW RESUMED CONSTRUCTION. PROOF OF THE REBOUND IS EVIDENT IN A RECENT REPORT FROM THE DUBAI LAND DEPARTMENT, SHOWING THAT THE NUMBER OF PROPERTY TRANSACTIONS IN THE EMIRATE JUMPED 50 PER CENT DURING THE FIRST HALF OF 2012 AS COMPARED TO 2011. ANOTHER SHOW OF THE EMIRATE'S REVITALIZED REAL ESTATE SEGMENT CAN BE SEEN IN THE INCREASE IN THE PRICES OF RESIDENTIAL PROPERTIES IN PRIME LOCATIONS LIKE THE DOWNTOWN AREA AND THE DUBAI MARINA AREA, WHICH HAS RISEN TO ABOUT 15 PER CENT THIS YEAR. DUBAI'S RESURGENCE CAN MAINLY BE ATTRIBUTED TO ITS SHOWCASE OF STABILITY AND SECURITY--A SAFE HAVEN FOR POTENTIAL INVESTORS.
“2012 WAS TRULY AN EXCITING YEAR FOR THE COMPANY, MARKING SIGNIFICANT BREAKTHROUGHS AND ACHIEVEMENTS FOR US. WE ARE PROUD TO REPORT THAT OUR SALES AND RENTAL BUSINESS IN THE LAST THREE MONTHS OF 2012 HAS ALREADY OUTPERFORMED WHAT WE RECORDED IN THE LAST FOUR YEARS. AS WE ENTER THE NEW YEAR, WE REMAIN CONFIDENT IN THE ARRIVAL OF MORE BUSINESS OPPORTUNITIES AS DUBAI CONTINUES TO EMERGE AS A GLOBAL HUB FOR BUSINESS. ACCORDINGLY, WE HIRED AN ADDITIONAL LEASING SPECIALIST AND ARE PLANNING TO HIRE TWO MORE SALES AGENTS, TO HELP MANAGE THE EXPECTED DEMAND IN 2013. REST ASSURED, WE WILL CONTINUE TO REMAIN STEADFAST IN OUR COMMITMENT TO DEVELOP A DIVERSE PORTFOLIO OF UNIQUE AND INNOVATIVE BROKERAGE SERVICES THAT ARE AIMED AT ENCOURAGING HIGHER QUALITY AND BEST PRACTICES FOR COMMERCIAL AND RESIDENTIAL OFFERINGS WHILE AT THE SAME TIME ATTRACTING MORE POTENTIAL INVESTORS INTO THE EMIRATE,” CONCLUDED BASEL AL KASEM, CEO, AL BASEL REAL ESTATE BROKERS.
GREEN AWARENESS FINDING INCREASING ACCEPTANCE AMONG MID-EAST DEVELOPERS; EXPERT PREDICTS SUSTAINABILITY TRENDS FOR 2013
Dubai, United Arab Emirates, 15 January 2013-The Middle East has often been criticized for its excessive consumption of resources as was confirmed by a 2012 Living Planet Report
which named Qatar, Kuwait and the United Arab Emirates as the top three countries having the largest per capita ecological footprints in the world. The situation is ripe for change and developers across the region are now giving serious thought to the impact of sustainability and green construction concepts on their profits and cost savings targets. Saeed Alabbar, Director at AESG, a leading energy and sustainability consultancy in the Middle East, shares his insights into what he believes will be the top sustainability trends for the construction industry in 2013.
After steady growth through 2012, the Middle East construction market looks set to once again regain the momentum of the pre-recession era. Countries across the Middle East, particularly Saudi Arabia, Qatar and the United Arab Emirates, have announced plans for major development undertakings. Experts predict USD 4.3 trillion worth of construction projects across the MENA region over the next decade, representing a growth of 20% through 2020.
Now taking center stage in discussions within the industry is the issue of sustainable construction. As far as new projects are concerned, there is still a lot of work that needs to be done in translating good sustainable designs into sustainable buildings. For a number of projects in the region, lack of quality control in construction or poor commissioning have resulted in great intentions on paper not transpiring into reality.
With regard to the existing building stock, whilst an increasing number of facility and building owners are looking to manage their energy and water consumption more effectively, this only accounts for a fraction of the existing building stock in the region.
Commercial and Residential Projects to Strive for High Levels of Sustainability
While sustainability has been a buzz word in the industry for a number of years, we are now definitely witnessing a genuine drive of new development projects in pursuing increasingly higher levels of sustainability. This is driven partly by regulation but also due to developers realizing that sustainability offers a genuine opportunity to increase the value of their assets and also ensure that their assets are future-proofed. Commercial as well as private buildings will begin to incorporate green design elements in their construction in order to limit the amount of damage they do to the environment as well as to be as energy efficient as possible.
Continued Growth in Public Sector Projects
Throughout the region there is a commitment from governments to invest in social and commercial infrastructure. In order to increase the financial efficiency of these projects both during construction and operation, government agencies are increasingly turning to sustainability and energy efficiency as a means of reducing the lifecycle costs of these buildings.
AESG has been working closely with a number of public sector clients on projects that include major ports, airports, schools and government buildings. The results of these efforts have led to reductions in government spending on utility bills and infrastructure which ultimately translates to freed up revenue for more ‘constructive’ purposes. As massive infrastructure projects are due to get underway during 2013, developers will be keen to look at innovative means to reduce the energy impact of these construction both during construction as well as operational phases.
Commissioning will be Viewed with Greater Importance
Traditionally in the Middle East, commissioning of buildings has not been carried out effectively which has resulted in many buildings performing poorly during operation and therefore requiring frequent maintenance.
Judging by the feedback through 2012 however, we are likely to see an increasing number of developers choosing to utilize commissioning agents on projects to ensure a more effective transition between design, construction and operation stages of projects. Commissioning agents will be increasingly called upon to identify potential savings in capital costs for clients by better optimizing designs and streamlining the testing and commissioning process, such that building owners receive a better functioning building at the start of operation.
Increase in Energy Retrofit Projects
Due to recent increases in utility tariff’s, the economic downturn and a greater focus on energy and sustainability issues, facility owners and operators are paying greater attention to their utility bills. Conducting detailed energy audits of facilities has shown that buildings can save approximately 20% of their energy bill through low to no cost measures alone, that all pay back within 12 to 18 months with an Internal Rate of Return (IRR) upwards of 40%. As far as investment decisions go this is a no-brainer and during 2013, building owners are likely to realize this and take measures to reduce their energy consumption.
While these trends only scratch the surface of green building, they are indicative of the positive direction in which the industry is heading. 2013 looks poised to be a year for massive growth of the green building market and the onus is now upon facility owners and managers, and architects and design teams to 'think green' lest they find themselves in the red.
UAE’S ‘SAFE HAVEN’ STATUS HELPS REAL ESTATE RECOVERY POTENTIAL IN 2012
Upturn in choices, quality, sustainability & transactions among key 2012 industry trends
December 24, 2012
After grappling with the possibility of more price cuts in the face of new project completions, the UAE’s real estate sector showed good stabilization prospective for the last quarter of 2012, according to a recent market intelligence report issued by TASWEEK Real Estate Marketing and Development. Among the key trends for 2012 confirmed by the report are more realistic market movements, an expansion of choices and sustainability concepts, enhanced quality, better management and an increase in transactions.
Abu Dhabi
The capital values of Abu Dhabi’s apartments and villas have stabilized with some fluctuations in pricing decline in various areas between 2-5 per cent since the third quarter. At this point in the development cycle, better-quality inventory are entering the market, though, and are exerting pressure on inferior and ageing units.
However, the capping of the Emirate’s annual rent increase at 5 per cent and the extension to tenancy contracts through November 2013 as stipulated by the local rent law are expected to help further stabilize the rental market going towards 2013. A new regulation announced by the Executive Council mandating all government employees to live within the emirate – planned to take effect in 2013 – could have an even more balancing effect on the local residential market. Around 3,000 new residential units have entered the market since last quarter, most of them representing apartment development.
Moreover, around 38,000 housing units are in pipeline for delivery by 2014, making the reality sector more competitive. Their release will influence land owners to lower rents and agree to more flexible contract terms.
As for the commercial and industrial segments, prime office rental rates in premium developments were flat at between AED 1,600 and AED 1,900 per meter square. Office rents in the emirate are expected to fluctuate and stabilize in the next six months, as new commercial developments continue to further swell supply. Retail and office performance will depend on the development, with tailored, well-serviced buildings be able to maintain their prices as those of others soften.
Industrial rent in Abu Dhabi is stable and will remain so for the next few quarters, with further opportunities to arise from the opening of the AED26.2 billion Khalifa port. No additional retail malls were completed in Q4, with the opening of several centers even delayed until Q1 2013. An estimated 200,000 square metre of retail GLA could be delivered to the market by mid-2013. Rents in prime retail malls on Abu Dhabi Island have remained unchanged over the past quarter.
Overall, the Abu Dhabi market is a year or two behind Dubai in their cycle of real estate infrastructure and will have to address some challenges in the short term. However, it also promises growth and up trend in the long term.
Dubai
Announcements of several mega projects are contributing to a steady return to confidence in Dubai. Nakheel, for example, has sold out 122 residential plots in the Jumeirah Village circle, while Emaar has sold out its three key projects. However some pressure over the expected entry of more property supply through next year. Fortunately, after being the hardest hit sector in face of the financial crisis of 2008, the Emirate’s industry has shown some signs of recovery in 2012. Rallying sales and rental prices are being reported by projects and various companies in areas such as Emirates Living, Palm Jumeirah, Arabian Ranches and Downtown.
One-bedroom apartments being offered for AED 40,000 or less in some places in Dubai such as Discovery Gardens, International City, Sky Courts, Dubai Silicon Oasis, Remraam and Dunes Village are further sustaining the rebound. Overall, Dubai’s residential segment has reported growth in certain areas over the last quarter. There is a still high vacancy rate in the office market, though, that is likely to continue for some time due to the large development pipeline.
Conclusion
Masood Al Awar, CEO of TASWEEEK said: “There is an overall positive outlook for the key markets of Abu Dhabi and Dubai with the arrival of better quality units and growing confidence in the local real estate industry that are expected to trickle through 2013 especially with mega governmental projects in transport, tourism and logistics. The Abu Dhabi and Dubai office markets were more tenant-friendly in 2012, as average effective rents continue to fluctuate in both cities. The national residential market displayed variations in performance throughout this year. Malls that have not been performing well will have to reposition themselves to remain more competitive and customer friendly.”
Al Awar added that the recently announced decision to allow multiple visa entry to the UAE will have an upward effect on the purchase of freehold properties across the country. He also notes that the ‘safe haven’ image of the UAE will continue to play an important part in keeping the real estate sector afloat, particularly the hospitality segment
Injaz discusses real estate investment opportunities in Eastern Province during specialized workshop
[Riyadh, December 18, 2012] Injaz Development Co. has participated in a specialized workshop about “Assessment of Residential Development Project Potential in the Eastern Province” during the recently concluded Riyadh Urban Development and Real Estate Investment Event – Cityscape Riyadh 2012 in Riyadh. Organized by Omar Al-Kadi, CEO and Managing Director, Injaz Development Co. in collaboration with Eng. Sami Haddad, Director of Planning & Investment Development at Eastern Province Municipality; Dr. Bassam Bode, Managing Director of Jinan Real Estate Development Co; and Dr. Saud Al Malaq, the workshop discussed the latest real estate investment trends and opportunities in the Eastern Province and shed light on potential challenges and obstacles across the industry.
Omar Al-Kadi said: “The Eastern Province has strategically positioned itself as the third largest investment destination in Saudi Arabia, leveraging its surrounding ecosystem of major cities and abundant investment prospects in light of the wide-scale development projects underway. Demand for low and middle-income housing projects has remarkably increased due to limited supply, with an estimated demand of 166,000 units per annum. Given the integral role of the Eastern Province in the industrial sector, it has become essential to establish an integrated logistics city capable of supporting the energetic growth pace and contributing to urban development.”
The workshop showcased some of the major projects of the Eastern Province Municipality, including King Fahd Park Development Investment project, Al Azizia downtown project, Al Hamra business & tourism project and Alaqrabia project. The discussions also underlined the importance of such projects in driving more real estate investments into the region’s fast-growing property development sector. Participants agreed that an integrated plan must be laid down for the development and implementation of housing, industrial, tourism, service and mixed use projects across the several cities and areas of the Eastern Province, which will contribute to its socioeconomic growth and development.
Injaz Development Co. is currently working on the flagship project Al Marina in the Eastern Province, which is poised to be a groundbreaking development that will cater to the business, tourism and urban development needs of the area. Spread over an area of 3.3 million square meters on the Al-Khobar-Dammam coastal corridor, the project features a highly advanced infrastructure, including electricity, sewage, landscaped spaces, roads and many more. The project also includes land plots developed for luxury villas, residential units, commercial towers, schools, mosques, medical facilities, malls, hotels, restaurants and other tourism, social, sports and recreational amenities. For more information, please visit (www.almarina.net).
Arabian Construction Company (ACC) and Drake & Scull Construction (DSC) Joint Venture Awarded SR2.7 billion Jabal Omar Development in KSA
[Dubai, 12 December, 2012] The Joint Venture between Arabian Construction Company Saudi Arabia and Drake & Scull Construction Saudi Arabia (DSC KSA), a wholly owned subsidiary of Drake & Scull International (DSI) PJSC, has been awarded a SR2.7 billion ($720m) contract to build phase three of the Jabal Omar development in Mecca.
Under the terms of the Joint Venture agreement DSC share will be 50 % of the overall value of the contract.
The third phase of the Jabal Omar scheme will involve the construction of four hotel towers with a total built up area of 400,000 square meters. The Towers will also include 5 star and 3 star hotels.
Additional details on the project and the official scope of works will be announced by DSC in the future.
PASSAVANT-ROEDIGER BAGS TWO MAJOR WATER TREATMENT PROJECTS IN ROMANIA
Contracts bolster the company’s European expansion drive
[Dubai, 12 December, 2012] Passavant-Roediger GmbH, a wholly owned German subsidiary of Drake & Scull International (DSI) PJSC, secured two major water treatment plant projects in Romania. The new contracts worth AED 90 million reflect Passavant’s on-going efforts to expand the reach of its water treatment expertise in Europe.
Under the terms of the first contract valued at AED 42.5 million, Passavant-Roediger will design and build a River Water Treatment Plant in Sibiu, Romania, producing drinking water for up to 200,000 people. The company will also install new feeding pipes for supplying drinking water to Cisnadie and for replenishing the water reservoirs from the Cisnadioara to Rasinari localities.
The second project valued at AED 47.5 million involves the extension and modernization of a Waste Water Treatment Plant in Roman, Romania, catering for a population equivalent of just over 115,000 people. Passavant-Roediger has been contracted to perform various mechanical, electrical and supervisory control and data acquisition (SCADA) works, including Passavant-Roediger's Anaerobic Sludge Digestion Technology to enhance and expand the plants' treatment capacity.
The latest contracts strategically position DSI’s German subsidiary in the lucrative Romanian water treatment market. The main objective of Romania’s water management policy is to reach ‘good ecological status’ by 2015 through the integrated management of its water resources, in compliance with the EU Water Framework Directive.
“Romania is highly committed to boosting the quality and protection of its water resources, and so our two contracts represent timely incursions into a buoyant market. Passavant-Roediger’s patented treatment technologies align exceptionally well with the country’s water management goals. Moreover, our domain expertise and the level of workmanship that will be displayed will provide a stepping stone for attracting Romanian interests to DSI’s civil contracting, MEP and Power specialties,” said Dr. Mazen Bachir, Managing Director of Passavant-Roediger.
Passavant-Roediger has managed to substantially grow its backlog from AED 150 million recorded as of September 2011 to AED 600 million recorded as of September 2012 representing a year to year growth of 300 % .The company also secured year to date AED 345 million worth of work including a AED 169 million contract for the expansion of Thu Duc Water Treatment Plant in Vietnam in addition to an AED 86 million contract to design and build the sludge treatment system of the Kerbela Waste Water Treatment Plant in Iraq.
DSI acquired Passavant-Roediger in 2009 to enhance its capabilities in the region’s water and wastewater sector. Passavant-Roediger is a leading global developer of wastewater, water and sludge treatment technologies, with operations across Europe, Africa, Asia and the Middle East. The company delivers comprehensive in-house solutions for the design, supply, build, operations and maintenance, wastewater and water treatment facilities and is one of the leading Engineering, Procurement and Construction (EPC), Wastewater and Water Treatment (WWT) and Re-Use Design and Build Contractors Worldwide.
INJAZ CONCLUDES AUCTION OF AL GAMRA 10 SCHEME IN 3 HOURS
[RIYADH, DECEMBER 12, 2012] INJAZ DEVELOPMENT CO. HAS ANNOUNCED THE COMPLETE SALE OF AL GAMRA 10’S DEVELOPMENT PLOTS IN NORTHERN RIYADH THROUGH A THREE-HOUR REAL ESTATE AUCTION HELD RECENTLY IN WIDE PRESENCE OF HIGH-PROFILE BUSINESSMEN AND INTERESTED REAL-ESTATE AGENTS. THE SUCCESSFUL AUCTION REFLECTS THE PROJECT’S PROMINENT STANDING AND EXCELLENCE IN THE REGION.
OCCUPYING AN AREA OF 566,000 SQUARE METERS, AL GAMRA 10 IS ONE OF THE BLOCKS COMPRISING THE “AL GAMRA PROJECT” WHICH IS STRATEGICALLY LOCATED TO THE NORTH OF THE NORTHERN RING ROAD AND BESIDE KING FAHD ROAD ON ABU BAKR ALSEDDIG ROAD. AL GAMRA 10 OFFERS READY-TO-OCCUPY PLOTS FOR RESIDENTIAL AND COMMERCIAL BUILDINGS AND MALLS, PROVIDING A WELL-DEVELOPED INFRASTRUCTURE OF ELECTRICITY, WATER, LIGHTENING AND TRANSPORT, AND IS SPECIFICALLY DESIGNED TO COMPLEMENT THE GROWING INVESTMENT AND HOUSING NEEDS IN NORTHERN RIYADH. THE PROJECT IS ACCESSIBLE THROUGH A NETWORK OF MAIN ROADS AND IS CLOSE TO SOME OF THE KEY LANDMARKS IN NORTHERN RIYADH, SUCH AS IMAM MUHAMMAD IBN SAUD ISLAMIC UNIVERSITY, KING KHALED INTERNATIONAL AIRPORT, KING ABDULLAH FINANCIAL CENTER AND PRINCESS NOURA BINT ABDULRAHMAN UNIVERSITY.
OMAR AL-KADI, CEO AND MANAGING DIRECTOR, INJAZ DEVELOPMENT CO., SAID: “NORTHERN RIYADH IS EMERGING AS THE KEY CENTER OF NEW INVESTMENTS IN SAUDI ARABIA, GAINING MORE MOMENTUM ACROSS ITS BUSINESS AND URBAN LANDSCAPE WITH THE MASSIVE POTENTIAL AND PROMISING OPPORTUNITIES IT OFFERS THROUGH A WIDE RANGE OF REAL-ESTATE SOLUTIONS AND UNDERTAKINGS. SUPPORTED BY THE NEWLY ISSUED SAUDI MORTGAGE LAW AND ITS RELEVANT VALUE-ADDED REAL ESTATE SERVICES, THE LAUNCH OF AL GAMRA 10 PROJECT IS POISED TO DRIVE FURTHER GROWTH WITH THE EXECUTION OF THE REAL-ESTATE AUCTION PROCESS WHICH PLAYS A SIGNIFICANT ROLE IN ACTIVATING THE REAL-ESTATE INDUSTRY WHILE PROMOTING CONFIDENCE AND ACTUATING THE SALES OF COMMERCIAL AND RESIDENTIAL SCHEMES IN THE REGION.”
“CLOSING AL GAMRA 10 AUCTION IN LESS THAN THREE HOURS REAFFIRMS INJAZ’S LEADERSHIP IN SELECTION OF TOP-TIER PROJECTS THAT MEETS THE MARKET DEMAND AND PROVIDES THE BEST OFFERING IN TERMS OF POSITION AND SPACE, AND ALSO HIGHLIGHTS THE COMPANY’S VISION THAT COMPLEMENTS THE KINGDOM’S REAL ESTATE PLAN, ESPECIALLY IN THE CITY OF RIYADH”, ADDED AL-KADI.
AL GAMRA PROJECT IS A 2,595,500 SQM DEVELOPMENT WITH EASY ACCESS TO A NETWORK OF ROADS, WHILE BEING CLOSE TO NORTH RIYADH PROJECT OF THE HIGH COMMISSION FOR THE DEVELOPMENT OF ARRIYADH. IT ALSO ENJOYS AN ADVANCED INFRASTRUCTURE INCLUDING GREEN SPACES AND WIDE SIDEWALKS THAT MEET LATEST STANDARDS AND SPECIFICATIONS. A KEY ATTRACTION OF AL GAMRA 10 IS THAT IT IS LOCATED ON AN ELEVATED LAND COMPARED TO OTHER PLOTS LOCATED NORTH OF PRINCE SALMAN ROAD, MAKING IT A VALUE-ADDED INVESTMENT FOR PROSPECTIVE INVESTORS AND PLAYERS. FOR FURTHER INFORMATION ON AL GAMRA PROJECT, PLEASE VISIT WWW.AL-GAMRA.COM .
TASWEEK CHIEF OUTLINES HOME FINANCING OPPORTUNITIES & CHALLENGES UNDER KSA’S NEW MORTGAGE LAW
MASOOD AL AWAR JOINS EXPERT PANEL IN DISCUSSING IMPLICATIONS OF SAMA LEGISLATION AT CITYSCAPE RIYADH
DECEMBER 10, 2012
NEW REGULATIONS ON REAL ESTATE FINANCING, LEASING AND SUPERVISION OF FINANCIAL COMPANIES ISSUED BY THE SAUDI ARABIAN MONETARY AGENCY (SAMA) ARE EXPECTED TO TRANSFORM THE SAUDI PROPERTY LANDSCAPE. MASOOD AL AWAR, THE CEO OF TASWEEK REAL ESTATE MARKETING AND DEVELOPMENT, DISCUSSED THE INDUSTRY CHALLENGES AND OPPORTUNITIES POSED BY THE MORTGAGE LAW REVAMP TODAY (SUNDAY, DECEMBER 9, 2012), THE OPENING DAY OF THE RIYADH REAL ESTATE SUMMIT TAKING PLACE AS PART OF THE 2012 CITYSCAPE RIYADH REAL ESTATE NETWORKING EXHIBITION AND CONFERENCE.
MASOOD ALSO FORMED PART OF AN EXPERT PANEL AT THE RIYADH REAL ESTATE SUMMIT WORKSHOP TITLED ‘CAPITALISING ON THE HOME FINANCING MARKET UNDER THE NEW MORTGAGE LAW.’ MASOOD PROVIDED VALUABLE INSIGHTS ON HOW TO IDENTIFY INVESTMENT OPPORTUNITIES AND ESTABLISH HOME FINANCING PRODUCTS AND COMPANIES UNDER THE NEW MORTGAGE LAW. HE ALSO COMMENTED ON SHORT-TERM INVESTMENT RISKS AND THE IMPACT OF SAMA LEGISLATION IN THIS REGARD.
MASOOD TOOK THE OPPORTUNITY TO SHARE TASWEEK’S UAE EXPERIENCE WITH MORTGAGES AND PRESENT SOME OF THE COMPANY’S PREMIER FINANCING CAPABILITIES. HE ALSO TALKED ABOUT TASWEEK’S IMPRESSIVE USD 250 MILLION INTERNATIONAL PROPERTY PORTFOLIO WHICH BEGAN BEING BUILT UP IN 2009 AND IS PROJECTED TO PRODUCE A SOLID ANNUAL INVESTMENT YIELD OF BETWEEN 5 AND 7 PER CENT.
THE NEW SAMA LEGISLATION WILL OVERHAUL THE DOMESTIC HOME FINANCE MARKET, FROM REGISTERING MORTGAGES TO ALLOWING JUDGES TO PROSECUTE POLICE OFFICERS WHO FAIL TO COMPLETE EVICTION ORDERS. THE CHANGES HAVE THE POTENTIAL TO INCREASE RESIDENTIAL LENDING TO AROUND USD 32 BILLION ANNUALLY. THE RULES WILL EVENTUALLY LEAD TO THE ESTABLISHMENT OF LICENSED PRIVATE MORTGAGE PROVIDERS AND A GOVERNMENT-OWNED REFINANCING COMPANY#.
“THERE ARE MANY FACTORS THAT MAKE SAUDI ARABIA A LEADING PROPERTY HUB, SUCH AS ITS STRATEGIC LOCATION, QUALITY OF PLANNING, AND HIGH DEMAND FOR INTEGRATED URBAN PROJECTS. THE SAMA LEGISLATION AIMS TO FURTHER ACCELERATE MARKET GROWTH. DEVELOPERS AND INVESTORS NEED TO KNOW HOW THE NEW LAWS AFFECT THEIR DECISIONS AND OPERATIONS AND HOW IT WILL SHAPE LOCAL REAL ESTATE IN THE NEAR AND LONG TERM. CITYSCAPE RIYADH IS A TIMELY PLATFORM TO DISCUSS THE CHALLENGES AND OPPORTUNITIES AHEAD AND TASWEEK IS MORE THAN EAGER TO SHARE ITS OWN THOUGHTS AND EXPERTISE ON THE MATTER,” SAID AL AWAR.
RUNNING FROM DECEMBER 9 TO 11, 2012, CITYSCAPE RIYADH WILL PROVIDE AN IDEAL ENVIRONMENT FOR REAL ESTATE PRACTITIONERS AND STAKEHOLDERS TO DO BUSINESS, DEBATE AND DISCUSS, AND BUILD NEW PARTNERSHIPS. THE INTRODUCTION OF THE NEW MORTGAGE LAW FURTHER HEIGHTENS THE RELEVANCE OF THE MAJOR INDUSTRY EVENT. MORE DETAILS ARE AVAILABLE ATWWW.CITYSCAPERIYADH.COM.TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING, AN ADVISOR AND SOLUTIONS PROVIDER SERVING THE PROPERTY MARKETS, HAS OVER 20 YEARS OF INNOVATION, LEADERSHIP AND MARKET EXPERTISE IN THE MENA PROPERTY SECTOR. OFFERING A ONE-STOP-SHOP FOR ALL REAL ESTATE NEEDS, THE COMPANY LEVERAGES ITS TWO CORE COMPETENCIES OF NETWORKING AND KNOW-HOW. TASWEEK’S SERVICES COVER PURCHASE AND SALE OF STRATEGIC ASSETS; ASSET MANAGEMENT; JOINT VENTURES AND STRATEGIC ALLIANCES; AND MARKETING CONSULTANCY.
UNDER TASWEEK’S GLOBAL PORTFOLIO ‘THE HAVEN’ NAMED ‘BEST CONDO DEVELOPMENT’ AT PRESTIGIOUS SOUTH EAST ASIA PROPERTY AWARDS
MALAYSIA’S LUXURY DEVELOPMENT ALSO NOMINATED FOR ‘BEST RESIDENTIAL ARCHITECTURAL DESIGN’ & ‘BEST DEVELOPER’
DECEMBER 6, 2012
PROVING THE EXCEPTIONAL QUALITY OF ITS GLOBAL PROPERTY OFFERINGS, TASWEEK ESTATE MARKETING & DEVELOPMENT, AN ADVISOR AND SOLUTIONS PROVIDER SERVING THE REAL ESTATE MARKETS, HAS ANNOUNCED THAT MALAYSIA’S ‘THE HAVEN LAKESIDE RESIDENCES’ BAGGED ‘BEST CONDO DEVELOPMENT IN MALAYSIA’ AT THE RECENTLY CONCLUDED 2012 SOUTH EAST ASIA PROPERTY AWARDS.
OVER 300 ENTRIES FROM A POOL OF MORE THAN 1,300 NOMINATIONS VIED FOR BEST CONDOMINIUM HONORS FOR MALAYSIA AND SINGAPORE. THE HAVEN WAS LAUDED FOR ITS UNIQUE SCENIC SETTING, WHICH FEATURES A LIMESTONE ROCK IN THE BACKDROP STANDING ABOUT 14 STOREYS HIGH AND BELIEVED TO BE AROUND 280 MILLION YEARS OLD. THE SPRAWLING AED 220 MILLION LUXURY URBAN COMPLEX COVERS 13.8 ACRES OF LAND WITH 497 UNITS OF LUXURY HOUSING IN ADDITION TO ANOTHER 10 ACRES OF PRIVATE VIRGIN LAND IN IPOH CITY. THE ENTIRE PROJECT IS EXPECTED TO BE FINISHED BY 2013.
THE HAVEN WAS ALSO SHORTLISTED FOR THE REGION’S ‘BEST RESIDENTIAL ARCHITECTURAL DESIGN’ AS WELL AS FOR ‘BEST DEVELOPER’ FOR SUPERBOOM PROJECTS SDN BHD.
“WE WOULD LIKE TO CONGRATULATE OUR PARTNER, SUPERBOOM PROJECTS SDN BHD, FOR CONTINUING ITS STRING OF RECOGNITIONS FOR ITS ICONIC THE HAVEN DEVELOPMENT. THE HAVEN WAS HIGH ON TASWEEK’S WISH-LIST WHILE WE WERE SCOUTING FOR PRIME ADDITIONS TO OUR PORTFOLIO LINEUP. WE HAVE ALWAYS STOOD BY OUR PHILOSOPHY OF METICULOUSLY CHOOSING THE PROPERTIES WE ENDORSE. THE HONORS RECEIVED BY THE HAVEN ARE PROOF OF OUR SUCCESS IN BUILDING UP A WORLD-CLASS STABLE OF REAL ESTATE PROJECTS THAT CATER TO THE DISCRIMINATING TASTES OF OUR REGIONAL AND INTERNATIONAL CLIENTS,” SAID MASOOD AL AWAR, CEO, TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING.
BACKED BY OVER 20 YEARS OF INNOVATION AND LEADERSHIP IN THE FIELD OF REAL ESTATE, TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING OFFERS A ONE-STOP-SHOP FOR ALL REAL ESTATE NEEDS. IT DELIVERS HIQH-QUALITY SERVICES COVERING PURCHASE AND SALE OF STRATEGIC ASSETS; ASSET MANAGEMENT; JOINT VENTURES AND STRATEGIC ALLIANCES; AND MARKETING CONSULTANCY. TASWEEK ATTRIBUTES ITS SUCCESS TO ITS TWO CORE COMPETENCIES OF NETWORKING AND KNOW-HOW.
INJAZ: SAUDI REAL ESTATE MARKET PRICES TO SEE REASONABLE INCREASE COMPARED TO NEIGHBORING COUNTRIES’ PRICES
INJAZ CONCLUDES AUCTION OF AL GAMRA 10 SCHEME IN 3 HOURS
[RIYADH, DECEMBER 12, 2012] INJAZ DEVELOPMENT CO. HAS ANNOUNCED THE COMPLETE SALE OF AL GAMRA 10’S DEVELOPMENT PLOTS IN NORTHERN RIYADH THROUGH A THREE-HOUR REAL ESTATE AUCTION HELD RECENTLY IN WIDE PRESENCE OF HIGH-PROFILE BUSINESSMEN AND INTERESTED REAL-ESTATE AGENTS. THE SUCCESSFUL AUCTION REFLECTS THE PROJECT’S PROMINENT STANDING AND EXCELLENCE IN THE REGION.
OCCUPYING AN AREA OF 566,000 SQUARE METERS, AL GAMRA 10 IS ONE OF THE BLOCKS COMPRISING THE “AL GAMRA PROJECT” WHICH IS STRATEGICALLY LOCATED TO THE NORTH OF THE NORTHERN RING ROAD AND BESIDE KING FAHD ROAD ON ABU BAKR ALSEDDIG ROAD. AL GAMRA 10 OFFERS READY-TO-OCCUPY PLOTS FOR RESIDENTIAL AND COMMERCIAL BUILDINGS AND MALLS, PROVIDING A WELL-DEVELOPED INFRASTRUCTURE OF ELECTRICITY, WATER, LIGHTENING AND TRANSPORT, AND IS SPECIFICALLY DESIGNED TO COMPLEMENT THE GROWING INVESTMENT AND HOUSING NEEDS IN NORTHERN RIYADH. THE PROJECT IS ACCESSIBLE THROUGH A NETWORK OF MAIN ROADS AND IS CLOSE TO SOME OF THE KEY LANDMARKS IN NORTHERN RIYADH, SUCH AS IMAM MUHAMMAD IBN SAUD ISLAMIC UNIVERSITY, KING KHALED INTERNATIONAL AIRPORT, KING ABDULLAH FINANCIAL CENTER AND PRINCESS NOURA BINT ABDULRAHMAN UNIVERSITY.
OMAR AL-KADI, CEO AND MANAGING DIRECTOR, INJAZ DEVELOPMENT CO., SAID: “NORTHERN RIYADH IS EMERGING AS THE KEY CENTER OF NEW INVESTMENTS IN SAUDI ARABIA, GAINING MORE MOMENTUM ACROSS ITS BUSINESS AND URBAN LANDSCAPE WITH THE MASSIVE POTENTIAL AND PROMISING OPPORTUNITIES IT OFFERS THROUGH A WIDE RANGE OF REAL-ESTATE SOLUTIONS AND UNDERTAKINGS. SUPPORTED BY THE NEWLY ISSUED SAUDI MORTGAGE LAW AND ITS RELEVANT VALUE-ADDED REAL ESTATE SERVICES, THE LAUNCH OF AL GAMRA 10 PROJECT IS POISED TO DRIVE FURTHER GROWTH WITH THE EXECUTION OF THE REAL-ESTATE AUCTION PROCESS WHICH PLAYS A SIGNIFICANT ROLE IN ACTIVATING THE REAL-ESTATE INDUSTRY WHILE PROMOTING CONFIDENCE AND ACTUATING THE SALES OF COMMERCIAL AND RESIDENTIAL SCHEMES IN THE REGION.”
“CLOSING AL GAMRA 10 AUCTION IN LESS THAN THREE HOURS REAFFIRMS INJAZ’S LEADERSHIP IN SELECTION OF TOP-TIER PROJECTS THAT MEETS THE MARKET DEMAND AND PROVIDES THE BEST OFFERING IN TERMS OF POSITION AND SPACE, AND ALSO HIGHLIGHTS THE COMPANY’S VISION THAT COMPLEMENTS THE KINGDOM’S REAL ESTATE PLAN, ESPECIALLY IN THE CITY OF RIYADH”, ADDED AL-KADI.
AL GAMRA PROJECT IS A 2,595,500 SQM DEVELOPMENT WITH EASY ACCESS TO A NETWORK OF ROADS, WHILE BEING CLOSE TO NORTH RIYADH PROJECT OF THE HIGH COMMISSION FOR THE DEVELOPMENT OF ARRIYADH. IT ALSO ENJOYS AN ADVANCED INFRASTRUCTURE INCLUDING GREEN SPACES AND WIDE SIDEWALKS THAT MEET LATEST STANDARDS AND SPECIFICATIONS. A KEY ATTRACTION OF AL GAMRA 10 IS THAT IT IS LOCATED ON AN ELEVATED LAND COMPARED TO OTHER PLOTS LOCATED NORTH OF PRINCE SALMAN ROAD, MAKING IT A VALUE-ADDED INVESTMENT FOR PROSPECTIVE INVESTORS AND PLAYERS. FOR FURTHER INFORMATION ON AL GAMRA PROJECT, PLEASE VISIT WWW.AL-GAMRA.COM .
TASWEEK CHIEF OUTLINES HOME FINANCING OPPORTUNITIES & CHALLENGES UNDER KSA’S NEW MORTGAGE LAW
MASOOD AL AWAR JOINS EXPERT PANEL IN DISCUSSING IMPLICATIONS OF SAMA LEGISLATION AT CITYSCAPE RIYADH
DECEMBER 10, 2012
NEW REGULATIONS ON REAL ESTATE FINANCING, LEASING AND SUPERVISION OF FINANCIAL COMPANIES ISSUED BY THE SAUDI ARABIAN MONETARY AGENCY (SAMA) ARE EXPECTED TO TRANSFORM THE SAUDI PROPERTY LANDSCAPE. MASOOD AL AWAR, THE CEO OF TASWEEK REAL ESTATE MARKETING AND DEVELOPMENT, DISCUSSED THE INDUSTRY CHALLENGES AND OPPORTUNITIES POSED BY THE MORTGAGE LAW REVAMP TODAY (SUNDAY, DECEMBER 9, 2012), THE OPENING DAY OF THE RIYADH REAL ESTATE SUMMIT TAKING PLACE AS PART OF THE 2012 CITYSCAPE RIYADH REAL ESTATE NETWORKING EXHIBITION AND CONFERENCE.
MASOOD ALSO FORMED PART OF AN EXPERT PANEL AT THE RIYADH REAL ESTATE SUMMIT WORKSHOP TITLED ‘CAPITALISING ON THE HOME FINANCING MARKET UNDER THE NEW MORTGAGE LAW.’ MASOOD PROVIDED VALUABLE INSIGHTS ON HOW TO IDENTIFY INVESTMENT OPPORTUNITIES AND ESTABLISH HOME FINANCING PRODUCTS AND COMPANIES UNDER THE NEW MORTGAGE LAW. HE ALSO COMMENTED ON SHORT-TERM INVESTMENT RISKS AND THE IMPACT OF SAMA LEGISLATION IN THIS REGARD.
MASOOD TOOK THE OPPORTUNITY TO SHARE TASWEEK’S UAE EXPERIENCE WITH MORTGAGES AND PRESENT SOME OF THE COMPANY’S PREMIER FINANCING CAPABILITIES. HE ALSO TALKED ABOUT TASWEEK’S IMPRESSIVE USD 250 MILLION INTERNATIONAL PROPERTY PORTFOLIO WHICH BEGAN BEING BUILT UP IN 2009 AND IS PROJECTED TO PRODUCE A SOLID ANNUAL INVESTMENT YIELD OF BETWEEN 5 AND 7 PER CENT.
THE NEW SAMA LEGISLATION WILL OVERHAUL THE DOMESTIC HOME FINANCE MARKET, FROM REGISTERING MORTGAGES TO ALLOWING JUDGES TO PROSECUTE POLICE OFFICERS WHO FAIL TO COMPLETE EVICTION ORDERS. THE CHANGES HAVE THE POTENTIAL TO INCREASE RESIDENTIAL LENDING TO AROUND USD 32 BILLION ANNUALLY. THE RULES WILL EVENTUALLY LEAD TO THE ESTABLISHMENT OF LICENSED PRIVATE MORTGAGE PROVIDERS AND A GOVERNMENT-OWNED REFINANCING COMPANY#.
“THERE ARE MANY FACTORS THAT MAKE SAUDI ARABIA A LEADING PROPERTY HUB, SUCH AS ITS STRATEGIC LOCATION, QUALITY OF PLANNING, AND HIGH DEMAND FOR INTEGRATED URBAN PROJECTS. THE SAMA LEGISLATION AIMS TO FURTHER ACCELERATE MARKET GROWTH. DEVELOPERS AND INVESTORS NEED TO KNOW HOW THE NEW LAWS AFFECT THEIR DECISIONS AND OPERATIONS AND HOW IT WILL SHAPE LOCAL REAL ESTATE IN THE NEAR AND LONG TERM. CITYSCAPE RIYADH IS A TIMELY PLATFORM TO DISCUSS THE CHALLENGES AND OPPORTUNITIES AHEAD AND TASWEEK IS MORE THAN EAGER TO SHARE ITS OWN THOUGHTS AND EXPERTISE ON THE MATTER,” SAID AL AWAR.
RUNNING FROM DECEMBER 9 TO 11, 2012, CITYSCAPE RIYADH WILL PROVIDE AN IDEAL ENVIRONMENT FOR REAL ESTATE PRACTITIONERS AND STAKEHOLDERS TO DO BUSINESS, DEBATE AND DISCUSS, AND BUILD NEW PARTNERSHIPS. THE INTRODUCTION OF THE NEW MORTGAGE LAW FURTHER HEIGHTENS THE RELEVANCE OF THE MAJOR INDUSTRY EVENT. MORE DETAILS ARE AVAILABLE ATWWW.CITYSCAPERIYADH.COM.TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING, AN ADVISOR AND SOLUTIONS PROVIDER SERVING THE PROPERTY MARKETS, HAS OVER 20 YEARS OF INNOVATION, LEADERSHIP AND MARKET EXPERTISE IN THE MENA PROPERTY SECTOR. OFFERING A ONE-STOP-SHOP FOR ALL REAL ESTATE NEEDS, THE COMPANY LEVERAGES ITS TWO CORE COMPETENCIES OF NETWORKING AND KNOW-HOW. TASWEEK’S SERVICES COVER PURCHASE AND SALE OF STRATEGIC ASSETS; ASSET MANAGEMENT; JOINT VENTURES AND STRATEGIC ALLIANCES; AND MARKETING CONSULTANCY.
UNDER TASWEEK’S GLOBAL PORTFOLIO ‘THE HAVEN’ NAMED ‘BEST CONDO DEVELOPMENT’ AT PRESTIGIOUS SOUTH EAST ASIA PROPERTY AWARDS
MALAYSIA’S LUXURY DEVELOPMENT ALSO NOMINATED FOR ‘BEST RESIDENTIAL ARCHITECTURAL DESIGN’ & ‘BEST DEVELOPER’
DECEMBER 6, 2012
PROVING THE EXCEPTIONAL QUALITY OF ITS GLOBAL PROPERTY OFFERINGS, TASWEEK ESTATE MARKETING & DEVELOPMENT, AN ADVISOR AND SOLUTIONS PROVIDER SERVING THE REAL ESTATE MARKETS, HAS ANNOUNCED THAT MALAYSIA’S ‘THE HAVEN LAKESIDE RESIDENCES’ BAGGED ‘BEST CONDO DEVELOPMENT IN MALAYSIA’ AT THE RECENTLY CONCLUDED 2012 SOUTH EAST ASIA PROPERTY AWARDS.
OVER 300 ENTRIES FROM A POOL OF MORE THAN 1,300 NOMINATIONS VIED FOR BEST CONDOMINIUM HONORS FOR MALAYSIA AND SINGAPORE. THE HAVEN WAS LAUDED FOR ITS UNIQUE SCENIC SETTING, WHICH FEATURES A LIMESTONE ROCK IN THE BACKDROP STANDING ABOUT 14 STOREYS HIGH AND BELIEVED TO BE AROUND 280 MILLION YEARS OLD. THE SPRAWLING AED 220 MILLION LUXURY URBAN COMPLEX COVERS 13.8 ACRES OF LAND WITH 497 UNITS OF LUXURY HOUSING IN ADDITION TO ANOTHER 10 ACRES OF PRIVATE VIRGIN LAND IN IPOH CITY. THE ENTIRE PROJECT IS EXPECTED TO BE FINISHED BY 2013.
THE HAVEN WAS ALSO SHORTLISTED FOR THE REGION’S ‘BEST RESIDENTIAL ARCHITECTURAL DESIGN’ AS WELL AS FOR ‘BEST DEVELOPER’ FOR SUPERBOOM PROJECTS SDN BHD.
“WE WOULD LIKE TO CONGRATULATE OUR PARTNER, SUPERBOOM PROJECTS SDN BHD, FOR CONTINUING ITS STRING OF RECOGNITIONS FOR ITS ICONIC THE HAVEN DEVELOPMENT. THE HAVEN WAS HIGH ON TASWEEK’S WISH-LIST WHILE WE WERE SCOUTING FOR PRIME ADDITIONS TO OUR PORTFOLIO LINEUP. WE HAVE ALWAYS STOOD BY OUR PHILOSOPHY OF METICULOUSLY CHOOSING THE PROPERTIES WE ENDORSE. THE HONORS RECEIVED BY THE HAVEN ARE PROOF OF OUR SUCCESS IN BUILDING UP A WORLD-CLASS STABLE OF REAL ESTATE PROJECTS THAT CATER TO THE DISCRIMINATING TASTES OF OUR REGIONAL AND INTERNATIONAL CLIENTS,” SAID MASOOD AL AWAR, CEO, TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING.
BACKED BY OVER 20 YEARS OF INNOVATION AND LEADERSHIP IN THE FIELD OF REAL ESTATE, TASWEEK REAL ESTATE DEVELOPMENT AND MARKETING OFFERS A ONE-STOP-SHOP FOR ALL REAL ESTATE NEEDS. IT DELIVERS HIQH-QUALITY SERVICES COVERING PURCHASE AND SALE OF STRATEGIC ASSETS; ASSET MANAGEMENT; JOINT VENTURES AND STRATEGIC ALLIANCES; AND MARKETING CONSULTANCY. TASWEEK ATTRIBUTES ITS SUCCESS TO ITS TWO CORE COMPETENCIES OF NETWORKING AND KNOW-HOW.
5.4 per cent growth in KSA’s construction industry by end of 2012[Riyadh, 05 December 2012] The average price index of the Saudi real estate market has held steady according to a recent study by Injaz. However, the sector is expected to achieve a sustained increase in demand and supply within the next several months in light of the newly approved Saudi Mortgage Law. The projected rise in real estate prices may be attributed to the Kingdom’s strategic location, nature of land and quality of planning, as demand for integrated urban projects continues to help generate new investment opportunities.
The upward direction of land prices, despite the strong need for mortgage financing, is poised to bring in a reasonable 20 per cent increase in the prices of residential villas across the Saudi market, particularly in Riyadh and Jeddah, following the increase in the prices of land properties. Increase in land prices also driven prices of residential apartments, and low and mid-income earners’ residential units and properties witnessed an increase in the rental value buoyed by the strong demand from Saudi citizens and residents. That said, real estate brokers believe that the easy access to residential financing by Saudi nationals through the Real Estate Development Fund will boost demand and supply for residential housing, therefore contributing to the growth of the Saudi real estate market.
Based on the findings by Business Monitor International, the Saudi construction industry is expected to grow by 5.4 per cent by the end of 2012, in line with the government’s spending policy aimed at the development of basic infrastructure in Saudi Arabia. Moreover, as part of ongoing efforts by the Ministry of Housing and the Real Estate Development Fund, a comprehensive strategy has been announced to fund residential projects. Subsequently, a total of 11,666 housing loans collectively worth SAR 5.8 billion have been recently awarded for the construction of 14,000 housing units in Eastern, Western and central regions of KSA.
Injaz study further pointed out that Saudi Arabia’s real estate market has maintained its energetic growth pace in the fourth quarter of 2012, as clearly reflected by the growing number of new investment opportunities and a surge in local land purchases, which has helped maintain competitive prices. KSA-based real estate experts, on the other hand, emphasized the need to adopt effective policies aimed at market growth, while boosting cooperation between the private and government sectors to drive real estate investments and development projects. Standard & Poor’s forecasts for 2012 reveal a robust 6 per cent GDP (Gross Domestic Product) growth in Saudi Arabia, with USD 67 billion to be invested in the development of 500 new residential units across the Kingdom.
Injaz also noted that major development projects being implemented in different parts of Saudi Arabia are fuelling real estate activity and have made significant contributions to the Saudi economy. The increase in real estate demand is poised to keep the market active on the long term, enabling it to better serve the Saudi society with full-service urban projects and residential housing programs. Injaz has revealed that it is offering its 566,000 square meter Al Gamra 10 project tomorrow for sale in a public auction to complement the robust market conditions. A key attraction of this project is its naturally elevated land compared to other plots located to the north of Prince Salman Road, given that the more elevated the land is, the more it is valued by clients. The project is also easily accessible through a network of roads and enjoys a well developed infrastructure and architectural design, including green spaces and wide sidewalks that have been developed according to the highest standards.
REAL ESTATE AUCTIONS TO DRIVE DEMAND FOR FULL-SERVICE URBAN DEVELOPMENT PROJECTS IN SAUDI MARKET
Growing real estate auction activity to increase supply of development plots and enhance competitiveness in the industry[Riyadh, November 27 2012] Saudi Arabia is seeing significant activity in real estate auction in a bid to attract more real estate developers, land dealers and investors as recent industry reports reveal positive market indicators underlining the increasing demand for full-service urban development projects in different KSA cities. The Eastern Province and Riyadh are expected to unlock more lucrative prospects in the Saudi real estate market in 2013, given the rapid population growth and increasing number of businesses that are in continuous search of full-service projects to provide housing for their employees. The Eastern Province Municipality and Riyadh Municipality are keen to sustain the ongoing trend in the Kingdom by organizing real estate auctions as an ideal means to sell large-scale land projects.
Catering to both buyers and vendors, real estate auctions are being actively promoted in Saudi Arabia, particularly in the Eastern Province and Northern Riyadh, which are poised to attract more investments in the residential, commercial and tourism segments. The latest urban developments in these segments are now mainly associated with highly developed industrial cities and advanced infrastructure, including roads, sewer networks and communication, which are all key considerations when organizing a real estate auction. Experts believe that the steady growth of the real estate market and available liquidity will stimulate more real estate auctions. The real estate market is seeing better offerings in terms of lands and full-service projects, contributing to the sustained growth of the real estate sector and the national economy, which will ultimately help attract more investors to the Saudi real estate market.
Real estate developers have noted that the rise in real estate auctions in KSA is a healthy trend as urban projects that are fully developed and equipped with basic amenities (e.g. power supply, lighting, water, telephone lines and sewer networks) are encouraging land owners and developers to put up their projects and residential development for public auction. In this regard, the number of real estate projects is expected to surge in the Eastern Province in 2012, with more than SAR 20 billion worth of property deals to be sealed. Riyadh, on the other hand, aims to leverage its huge potential as a safe and secure investment environment to help drive auction sales in the Kingdom during Q4 2012. The Saudi market is particularly in great need of full-service projects, as the project trading volume for the past four years reached nearly SAR 4 billion in the Eastern Province alone and is expected to increase five times in Riyadh, while registering SAR 10 billion in Jeddah and SAR 2 billion in other cities like Al Madina Al Munawara. Auctions are witnessing a significant turnout from real estate, business and industrial investors as well as potential land owners, reaffirming the confidence of local and GCC investors in the huge potential of the Saudi real estate market.
According to an economic consultant in Saudi real estate affairs, KSA’s real estate market has achieved a remarkable performance. For instance, the total value of development plots in the Eastern Province sold through auctions in the last five months of 2012 has reached nearly SAR 3 billion, or a 20 per cent increase from the same period in 2011. This shows that the higher the auction index and number is, the higher the trading volume in the real estate market becomes, therefore increasing the number of developed plots to be put up for auction. To maintain sustained growth in the Saudi real estate market, auctions must achieve a balance between the expectations of end-users and real-estate investors, particularly in terms of pricing. Moreover, real estate financing is expected to hit SAR 200 billion and gradually increase to reach over SAR 300 billion in the next five to 10 years.
Omar Al-Kadi, CEO and Managing Director, Injaz Development Co, said: “Auctions have made crucial contributions towards sustaining the growth of the real estate sector in Q4 2012, being the only trusted product by industry players in Saudi Arabia. The growing number of real estate auctions in the Kingdom, particularly in Riyadh and the Eastern Province, reaffirms the dynamism of the entire real estate market and is a factor in addressing problems related to housing and accommodation. In light of real estate regulations and the Saudi Mortgage Law, these real estate auctions will help drive the sales of residential and commercial projects in the region. As such, Injaz expects a significant growth in the real estate market of Northern Riyadh in the short term, especially as ongoing real estate auctions are positioning Northern Riyadh as a one of the leading business, residential and tourist destinations for investors, residents and visitors. Injaz looks forward to launching its Al Gamra 10 project as part of the Al Gamra Project which is strategically located between the north highway and King Fahad Road towards the north on Abu Bakr Road. The 566,000 sqm project will be put up for auction this November.”
DRAKE & SCULL INTERNATIONAL SIGNS AED 149 MILLION WORTH MEP CONTRACTS FOR A RESIDENTIAL TOWER IN INDIA AND A HOTEL APARTMENT AND A DISTRICTCOOLING PLANT IN QATAR
[Dubai, 27 November, 2012] Drake & Scull International PJSC (DSI), a regional market leader in integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Oil and Gas, and Rail, has signed today two MEP contracts for a AED 55 million hotel apartment project and a AED 40 million district cooling project in Qatar in addition to a AED 54 million residential tower project in India.
Mobilization on site for the three projects is underway. The hotel apartment project is scheduled for completion in February 2014 and the district cooling project in November 2013, similarly the residential tower is also expected to be completed in November 2013.
On this occasion Khaldoun Tabari, CEO of Drake & Scull International PJSC, commented “Qatar remains a key strategic market for DSI in the region and we expect a stronger momentum of project awards next year as we have not seen many contracts materialize in 2012. The new MEP project award in India is the first for us in the residential sector and we aim to further expand in this sector. Our Water & Power operations are engaged in many tenders across the country and in 2013 we expect further growth for DSI in the Indian utilities sector through Passavant Roediger, our specialized global Waste Water and Water Treatment German Subsidiary.”
PALM UTILITIES LENDS HELP TO VICTIMS OF TAMWEEL TOWER BLAZE
November 25, 2012
Aligned with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of the importance of social responsibility, Palm Utilities, a Dubai World Company, has announced the launch of a social initiative to support the victims of the recent Tamweel Tower blaze in Jumeirah Lakes Towers (JLT), Dubai.
Marwan Al Naqi, Chief Executive Officer of Palm Utilities, said: “This initiative underlines the genuine commitment of Dubai’s business community to work together for social causes. Being an integral part of the society, we look forward to providing all possible assistance and fee waivers to the victims of the fire at the Tamweel Tower which has affected nearly 160 families and 400 individuals.”
“Our support to these families and individuals is part of our Corporate Social Responsibility efforts which are central to our strategy to improve the lives of people in Dubai. We are committed to offer support to all members of the society, in every situation,” Al Naqi added.
Palm Utilities, the main provider of district cooling services in Jumeirah Lakes Towers, offers a highly advanced, full-service cooling system for clients in the region.
TASWEEK & BRITISH PROPERTY CONSULTANTS ROBERT IRVING BURNS SIGN MOU TO TAP RESURGENT UAE MARKET
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New partners to focus on customer satisfaction, bilateral business support
November 25, 2012
Several foreign real estate firms are eyeing strategic partnerships with the UAE’s top property players to capitalize on the positive outlook for the local market. A number of long-postponed major developments in Dubai – the acknowledged real estate hub of the Middle East – are being reactivated, indicating resurgent investor and developer confidence.
As part of efforts to capitalize on the buoyant industry, TASWEEK Real Estate Marketing & Development, an advisor and solutions provider serving the real estate markets, has announced that it has signed a Memorandum of Understanding with British property consultants Robert Irving Burns (RIB). Under the terms of the agreement, RIB will solicit and source business opportunities for TASWEEK as well as assist in business due diligence and provide market data. TASWEEK in turn will support RIB’s business activities and evaluate mutual funding opportunities in both Markets of UAE and UK. A joint venture office will also be set up by TASWEEK in Abu Dhabi.
“The UAE has done a great job of maintaining its status as a property hub despite the market pressures of the past years. It is now starting to reap the fruits of its strategic handling of the real estate sector, as we are seeing renewed international interest in local developments. Our partnership with Robert Irving Burns affiliates us to a trusted name in British real estate that shares our passion for customer satisfaction and further globalizes our property and service offerings. We look forward to making significant contributions to the growth of the local markets together,” said Masood Al Awar, CEO, TASWEEK Real Estate Marketing & Development.
Established in 1962, Robert Irving Burns provides expertise across the full range of property services – from valuation to property management –to both personal and corporate clients. Each of its partners has been brought on board to cover a specific area of experience and responsibility. RIB’s objective is to provide clients with a rapid and positive response to their needs. The practice serves the Fitzrovia, Noho, Soho, Marylebone, Oxford Circus, City and West End areas of London.
Building on over 20 years of innovation and leadership, TASWEEK Real Estate Marketing & Development has firmly entrenched itself as a one-stop shop for property development and services. The company’s strength is based mainly on its two core competencies of networking and know-how. TASWEEK’s services include Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy. It recently completed the planning of a USD 250 million property portfolio spanning a number of high-profile global real estate developments.
PASSAVANT-ROEDIGER AWARDED AED 169 MILLION CONTRACT FOR EXPANSION OF THU DUC WATER TREATMENT PLANT IN VIETNAM
High-stakes project provides strong head start to Drake & Scull subsidiary’s expansion in Vietnam
[Dubai, 21 November, 2012] Passavant-Roediger GmbH, a wholly owned German subsidiary of Drake & Scull International (DSI) PJSC, has been awarded a contract for the expansion of the Thu Duc Water Treatment Plant in Vietnam. The contract is worth AED 169 million and is the first project for Passavant-Roediger in Vietnam.
Under the terms of the contract, Passavant-Roediger will be responsible for the engineering, procurement and construction (EPC) of a 300,000 m3/day Water Treatment Plant, treating river water to provide high purity drinking water to the region’s inhabitants, using Passavant-Roediger’s high-end patented Turbo-LME Technology. This will be the third phase of the water delivery program at Thu Doc, Vietnam. Aside from expanding the total capacity of the water treatment facility, Passavant-Roediger will also be responsible for the construction of the river water intake pumping station and pressure mains pipes delivering the feed water to the plant.
Commenting on the award, Dr. Mazen Bachir, Managing Director of Passavant-Roediger, said: “This key project demonstrates the reputation of Passavant-Roediger as the leading global EPC specialist of turnkey water, wastewater and industrial process water treatment plants. Our global experience and patented technology have again played a very important role in winning this project. Leveraging our core expertise in high-rate water purification technology using our patented Turbo-LME process, we are therefore looking forward to ensure the optimal performance of the water treatment facility and to satisfy the specific requirements of this high-stakes project. Moreover, being our first venture in Vietnam, we strongly believe that this project will give Passavant-Roediger a significant head start as we move forward with our growth plans in the country”.
Passavant-Roediger has managed to substantially grow its backlog from AED 150 million recorded as of September 2011 to AED 600 million recorded as of September 2012 representing a year to year growth of 300 % .This phenomenal growth indicates the fast integration of the German company Under the DSI PJSC umbrella and its ability to strategically penetrate promising markets in the MENA region.
DSI acquired Passavant-Roediger in 2009 to enhance its capabilities in the region’s water and wastewater sector. Passavant-Roediger is a leading global developer of wastewater, water and sludge treatment technologies, with operations across Europe, Africa, Asia and the Middle East. The company delivers comprehensive in-house solutions for the design, supply, build, operations and maintenance, wastewater and water treatment facilities and is one of the leading Engineering, Procurement and Construction (EPC), Wastewater and Water Treatment (WWT) and Re-Use Design and Build Contractors Worldwide.
TASWEEK CHIEF MASOOD AL AWAR DISCUSSES UAE’S PROPERTY MARKET OUTLOOK AT 7TH ARABIAN BUSINESS ECONOMIC FORUM
Invitation-only event highlights steadfast global confidence in region’s real estate sector
November 20, 2012
With the global markets steadily rebounding from the downturn of recent years, the Middle East is once again gaining international attention as a resilient real estate haven. Masood Al Awar, the CEO of TASWEEK Real Estate Marketing & Development, an advisor and solutions provider serving the real estate markets, discussed market trends and the prevailing positive industry outlook in a keynote speech delivered during the 7th Arabian Business Economic Forum held recently in Dubai. Al Awar gave an overview of the current market and the challenges it faces, giving the audience a basis to judge whether the worst is over for the property sector after the subprime crisis.
Taking place on November 20, 2012 at the Jumeirah Emirates Towers in Dubai, the latest edition of the Forum gathered some of the region’s most prominent CEOs and business leaders to discuss key industry issues and developments. Al Awar, a respected real estate veteran with almost a decade of experience, delivered the Keynote Address on Property to kick off the Forum’s afternoon panel sessions. The TASWEEK Chief is credited for selling some of the first freehold units in the UAE and is highly sought for his valuable views on the state and future of real estate in the UAE and across the Arab region.
Al Awar also joined a distinguished panel comprising some of the biggest names in the property industry to discuss the condition of the UAE market, lessons learned over the past years, and how local business is supported by sustainable foundations.
“The year 2012 was another year of adjustment for industry. If players strategize properly, then we could soon see the property market returning to its bullish form. The key is to understand what industry forces are at work, what the market sentiments are, and what growth options are available out there. The 7th Arabian Business Economic Forum is an ideal platform to unveil what TASWEEK has learned from its extensive market research. We want to help set up the region’s real estate sector for a strong performance in 2013,” said al Awar.
Through Al Awar’s customer-focused strategies, TASWEEK Real Estate Development and Marketing has emerged as a respected one-stop shop for property development. TASWEEK’s services include Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy. Among the company’s major achievements for 2012 is planning the completion of a USD 250 million property portfolio covering some of the world’s top real estate developments.
The Arabian Business Economic Forum is an invitation-only event that accepts only individuals working for blue-chip organizations. Its topics range from hospitality and manufacturing to real estate and interplanetary space exploration. Among the Forum’s highlights this year were the Q&A interviews and Expert Panel Discussions with BBC Television Presenter and ITP Group Chairman Andrew Neil. Around 300 people attended the event, which featured many prominent key speakers including Kingdom Hotel CEO Sarmad Zok, Zamil Group CEO Abdullah Zamil, and NASA scientist Charles Elachi.
After obtaining Riyadh Municipality’s approval on the project
INJAZ TO LAUNCH SALES OF AL GAMRA 10 PLOT IN NORTHERN RIYADH THROUGH A REAL ESTATE AUCTION IN DECEMBER
Riyadh – November 18, 2012: Injaz Development Co. has announced that Riyadh Municipality has approved its Al Gamra 10 project in Northern Riyadh, authorizing the company to commence the sales of the project’s development plots, which is planned through a real estate auction in December 2012. Covering an area of 566,000 square meters, Al-Gamra 10 is one of the blocks comprising the "Al Gamra Project", which is strategically located between the north highway and King Fahad Road towards the north on Abu Bakr Alseddig Road. Al Gamra 10 is an integrated project offering ready-to-occupy plots for residential and commercial buildings that are specifically designed to complement the growing economic activities in the area north of Riyadh. Al Gamra Project is a 2,595,500 sqm development that is easily accessible through a network of roads, while being close to North Riyadh project of the High Commission for the Development of Arriyadh. It also enjoys a well-developed infrastructure and architectural design including green spaces and wide sidewalks that meets latest standards.
A key attraction of Al Gamra 10 is that it is located on an elevated land compared to other plots located north of Prince Salman Road. Prospective investors will particularly appreciate the value added to the land because of its elevated location.
Al Gamra 10 is expected to help accelerate the growth of real estate and urban development in north Riyadh, particularly in the field of housing development in light of the strong demand for residential properties in KSA. Moreover, KSA’s demographics plays an important role in driving demand for housing projects in the Kingdom as youth, forming up to 60 per cent of the country’s population, will be actively looking to invest in or buy their own residential properties. Al Gamra 10 is a model for urban development that caters to the essential needs of the community, while serving as a catalyst that will further drive real estate development in Saudi Arabia, including the development of residential, commercial plots and facilities that are fully integrated with electricity, water, lighting and transport infrastructure.
Northern Riyadh, which is emerging as a nerve centre of new investments in the country, is witnessing a growing interest in its urban and business landscape, with many exhibiting and shopping centers and housing units being built by high-profile developers and real-estate investors in the region. This is attributed to the many promising opportunities furnished by a wider range of real-estate solutions and products, compared to other areas in central Riyadh. Moreover, the newly issued Saudi Mortgage Law and its relevant value-added real estate services have attracted more investment opportunities to the Al Gamra area that is fast emerging as a premier residential destination in northern Riyadh.
Omar Al-Kadi, CEO and Managing Director, Injaz Development Co., said: “Launching sales of Al Gamra 10 through a real estate auction reflects the growing awareness among investors and property buyers of the important role of real estate auctions in promoting real estate growth in the Kingdom, and particularly in Northern Riyadh. Real estate auctions offer an effective tool for selling real estate plots, complementing the growing demand on urban and housing development in the area. Al Gamra 10, which is being overseen by Injaz, is strategically located with easy access to a network of main roads and proximity to some of the key landmarks in Northern Riyadh, such as Imam Muhammad Ibn Saud Islamic University, King Khaled International Airport, King Abdullah Financial Center and Princess Noura Bint Abdulrahman University.”
SAUDI BUILD 2012 RECEIVES OVER 22,650 TRADE VISITORS FORMING KSA’S LARGEST BUSINESS-TO-BUSINESS CONSTRUCTION FAIR
Riyadh – November 18, 2012: Saudi Build 2012 – The 24th International Construction Technology and Building Materials Exhibition, concluded recently with SAR millions worth of trade agreements and projects signed during its four-day run from November 11 to 14 at the Riyadh International Convention and Exhibition Centre. More than 22,650 visitors from all over the world as well as over 800 companies from 35 countries attended the largest business-to-business construction fair in KSA, which was inaugurated by H.R.H. Prince Dr. Mansour Bin Meteb Bin Abdulaziz, the Minister of Municipal & Rural Affairs.
Saudi Build 2012 generated strong interest and remarkable international participation as reflected by numerous national and country pavilions from Austria, Belgium, China, Egypt, France, Germany, Italy, Jordan, Korea, Kuwait, Portugal, Spain, Taiwan, Turkey, UAE and UK. Saudi Build 2012 was concurrently held with Saudi Stone-Tech – The 14th International Stone and Stone Technology Show, and Saudi Build – The PMV Series 2012, the 3rd International Exhibition for Construction Equipment, Plant, Machinery and Vehicles. Saudi Stone-Tech was organized by REC in collaboration with Verona Fiere and Confindustria Marmomacchine (Assomarmomacchine).
Commenting on the successful participation of German companies at Saudi Build 2012, Sebastian Sons, Official Representative of the German Pavilion representing the German Ministry of Economy & Technology, said: “This is our 14th year of participation at Saudi Build, which is one of region’s biggest and most effective specialized events. KSA’s growing interest in German products, its positive market results and population growth combined with several other factors have boosted trade figures between both countries to surpass Euro 6 billion by 2011, and position Germany as the fourth biggest trade partner of the Kingdom.”
“Business cooperation between both countries mainly constitutes German machinery and material exports in the fields of construction, healthcare, automotive, engineering, education and exchange programs among others,” he added.
Saudi Build is the only construction trade show in Saudi Arabia accredited by UFI, the Global Association of the Exhibition Industry. UFI grants certification to top-notch professional events managed by experienced organizers with proven track records in international exhibitions.
Providing an exclusive opportunity for local and international construction suppliers to identify new business opportunities in Saudi Arabia’s construction industry, Saudi Build 2012 showcased the latest in Building Materials & Equipment; Architectural Finishing Products; Stone, Marble and Granite Products; Construction Tools and Technology; Engineering Services; Infrastructure Materials; Security & Safety Systems, among others.
DRAKE & SCULL INTERNATIONAL AWARDED AED 318.5 MILLION WORTH MEP CONTRACTS IN KSA AND ABU DHABI
DSI to provide MEP services to commercial development facility in KSA and administrative governmental facility and hospitality project in Abu Dhabi
[Dubai, 13 November, 2012] - Drake & Scull International (DSI) PJSC, a regional market leader in integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil & Gas has announced that it has been awarded three new MEP contracts amounting to AED 318.5 million for a commercial development facility in the Kingdom of Saudi Arabia in the western province Al Taif and an administrative governmental facility and hospitality development in Abu Dhabi.
The KSA contract, worth SAR 83 million, covers 58 commercial buildings and will be completed in quarter three 2013. The administrative governmental project is valued at AED 115 million and will be completed in quarter four 2013. The AED 118.5 million MEP contract for the hospitality development, covers a 10-level commercial tower and a business hotel and is scheduled for completion also in quarter four 2013.
“The new MEP projects add momentum to our business strategy across the GCC, particularly in KSA and Abu Dhabi which are among the priority markets in our regional growth plan. These projects likewise reinforce our position as the market leader in the region, while underlining DSI’s reputation as the preferred integrated engineering solutions provider of both private and governmental entities. We are therefore pleased to add the commercial development facility in KSA and the administrative governmental facility and hospitality development in Abu Dhabi to our list of high-profile projects in the region,” said Khaldoun Tabari, CEO of Drake & Scull International.
DSI continues to capitalize on its decades of regional expertise with its wide range of engineering specialty covering the residential, commercial, aviation, healthcare, education, utilities and transport sectors.
Expansion into Africa and Asia is on track where the company is particularly focusing on the utilities sector aiming to benefit for the unique patent engineering technology of its German Subsidiary Passavant Roediger in the Water and Waste Water fields.
MAYOR OF RIYADH INAUGURATES SAUDI BUILD 2012
Riyadh – November 12, 2012: Under the patronage of H.R.H. Prince Dr. Mansour Bin Miteb Bin Abdulaziz, Minister of Municipal & Rural Affairs, Saudi Arabia, H.E. Eng. Abdullah bin Abdulrahman bin Mohammed Al-Muqbil, Mayor of Riyadh, yesterday (Sunday, November 11, 2012) opened Saudi Build 2012, the 24th International Construction Technology and Building Materials Exhibition that runs until November 14 at the Riyadh International Convention & Exhibition Centre. Saudi Build 2012 has attracted more than 800 exhibiting companies from 35 countries, reaffirming the show’s status as one of the largest construction sector events in the region.
The four-day event will serve as an excellent platform for exploring new business opportunities in Saudi Arabia’s construction industry by showcasing the latest in Building Materials & Equipment; Architectural Finishing Products; Stone, Marble and Granite Products; Construction Tools and Technology; Engineering Services; Infrastructure Materials; Security & Safety Systems, among others.
Regarded as the largest business-to-business construction fair in KSA, Saudi Build 2012 also provides a dedicated avenue for trade visitors to explore the latest and most advanced construction and building solutions, while facilitating exhibitors to leverage the numerous opportunities in KSA’s construction market.
Saudi Build 2012 is seeing strong international participation through wide international participation from Austria, Belgium, China, Egypt, France, Germany, Italy, Jordan, Korea, Kuwait, Portugal, Spain, Taiwan, Turkey, UAE and UK, in addition to local companies from public and private sectors.
Saudi Build 2012, which is the only construction trade show in Saudi Arabia accredited by UFI, the Global Association of the Exhibition Industry, is being held concurrently with Saudi Stone-Tech 2012, the 14th International Stone and Stone Technology Show, and Saudi Build – The PMV Series 2012, the third International Exhibition for Construction Equipment, Plant, Machinery and Vehicles.
Saudi Stone-Tech is organized by REC in collaboration with Verona Fiere and Confindustria Marmomacchine (Assomarmomacchine). The event caters to evolving requirements and changing trends in stone technology products and services.
RUBBER WORLD INDUSTRIES SHOWCASES DIVERSE PORTFOLIO OF RUBBER BASED BUILDING MATERIALS AT ‘THE BIG 5 2012’
Leading company reveals newly opened facility now fully operational with production capacity worth AED 50 million
November 07, 2012
Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation 'Gulf-O-Flex' in the Gulf and South East Asia, and part of the international business conglomerate, the Shaikhani Group of Companies, is throwing the spotlight on its diverse range of rubber based building materials at this year’s edition of ‘The Big 5 International Building & Construction Show,’ the largest gathering of the construction industry in the Middle East, which opened on November 5, 2012 and will run until November 8, 2012 at the Dubai World Trade Centre (DWTC). At the exhibition, the leading company is showcasing its wide portfolio of products like slitting tubes, slitting tubes with adhesives, cladding tubes, cladding sheets. sheets with aluminum, adhesive tapes and other HVAC products. Participating at 'The Big 5' show is also aimed at demonstrating the company's confidence to meet the growing demand for more rubber based building materials--backed by its newly opened facility in Ajman, which is now fully operational with production output capacity worth over AED 50 million.
RWI’s products consist of eco-friendly, cost effective rubber based insulated products that boast of strong features like ready to be used without wastage, dust free, fiber free, CFC free, zero ODP and have low VOC, making them mold and mildew resistant. The products are widely distributed across leading GCC countries like Qatar, Kuwait, Bahrain, Oman, Saudi Arabia and the UAE. For this year’s edition of ‘The Big 5’ show, the company is looking to leverage its products across a target audience of MEP contractors, HVAC specialists, AC spare-parts dealers, representatives from the Oil & Gas fields and the construction industry. RWI’s constant commitment towards developing world class rubber materials is part of the company’s move to address the growing demand for elastomeric rubber insulated products, which are considered to be an essential building material in today's batch of construction and development projects for its durability and competitive pricing.
“Participating at this year’s ‘The Big 5 Show’ demonstrates the commitment that we have placed in nurturing new partnerships, tapping into new markets, expanding operations and consolidating our market leadership in the Middle East region and beyond,” said Rizwan Shaikhani, Managing Director, RWI, Ajman. “’The Big 5’ show is widely known as a ‘must attend’ event for the region’s building and construction segments and our presence at the show will give us the advantage of meeting new contacts and leveraging our portfolio of products across industry decision makers and specialists.”
This year's edition of The Big 5 show is being attended by more than 3,000 exhibitors showcasing the latest products and technologies from the global industry. The four-day exhibition will include activities like product launches, showcasing of experts services and solutions and education focused conferences, seminars and training. During the event, invited industry experts are also set to give presentations and insights across timely topics and issues across today's construction industry.
“So far, 2012 has become a very fruitful and result oriented year for us, which has been marked by increased revenues, expanded operations and a stronger market presence in the Middle East. Inspired by this, we are bullish on an even stronger performance in 2013—looking forward to opening more branches across the globe and the release of more high quality world class rubber products. Rest assured, we remain steadfast in living up to our promise of providing our customers with more world class high performance rubber insulation products that can meet the demands of various industry verticals like oil and gas, construction, shipping and automobile segments,” concluded Shaikhani.
OVER 800 EXHIBITORS FROM 35 COUNTRIES AWAIT START OF SAUDI BUILD 2012 ON NOVEMBER 11
Riyadh – November 5, 2012: Saudi Build 2012, the 24th International Construction Technology and Building Materials Exhibition, which will be held from November 11 to 14 at the Riyadh International Convention & Exhibition Centre, will see the participation of more than 800 exhibiting companies from 35 countries. The four-day event will see exhibitors from Austria, Belgium, China, Egypt, France, Germany, Italy, Jordan, Korea, Kuwait, Portugal, Spain, Taiwan, Turkey, UAE, UK, among others, showcasing their latest solutions and offerings for the construction sector.
Recognized as the largest business-to-business construction fair in KSA, Saudi Build 2012 will serve as the perfect platform to demonstrate the newest offerings in Building Materials & Equipment, Architectural Finishing Products, Stone, Marble and Granite Products, Construction Tools and Technology, Engineering Services, Infrastructure Materials, Security & Safety Systems, among others.
Zeyad Al Rukban, Assistant General Manager, Riyadh Exhibitions Company, said, “With each edition of Saudi Build, the event has been steadily growing in prominence and scale as reflected by the overwhelming exhibitor response we are seeing. Saudi Build 2012 will again serve as a key business-to-business networking platform that complements Saudi Arabia’s booming construction market. The event will provide a dedicated avenue for trade visitors to explore the latest and most advanced construction and building solutions, while facilitating exhibitors to leverage the numerous opportunities in KSA’s construction market, which is the largest in the region.”
The Kingdom of Saudi Arabia’s construction sector has maintained its positive growth trajectory as analysts forecast a robust average growth of 4.5 per cent from 2013 to 2017. Aggressive public sector expenditure remains an important growth catalyst for KSA’s construction sector with USD 71.2 billion in contracts awarded by the government in 2011 alone.
Saudi Build 2012, which is the only construction trade show in Saudi Arabia accredited by UFI, the Global Association of the Exhibition Industry, will be held concurrently with Saudi Stone-Tech 2012, the 14th International Stone and Stone Technology Show and Saudi Build – The PMV Series 2012, the 3rd International Exhibition for Construction Equipment, Plant, Machinery and Vehicles.
Saudi Stone-Tech is organized by REC in collaboration with Verona Fiere and Confindustria Marmomacchine (Assomarmomacchine). The event caters to evolving requirements and changing trends in stone technology products and services.
GENSLER WINS PRESTIGOUS ARABIAN PROPERTY AWARD FOR DESIGN OF UPC HEADQUARTERS
Urban Planning Council (UPC) Office Interior Recognized for Best Design in Abu Dhabi and Arabia
Gensler accepted the awards during the Awards Gala of the International Property Awards Summit 2012-Arabia and Africa.
Tareq Abu-Sukheila, Principal/Managing Director of Gensler Abu Dhabi accepted the awards on behalf of the client, UPC, during the prestigious Awards Gala at the International Property Summit 2012- held at the One and Only Royal Mirage in Dubai. Speaking of the win, Mr. Abu-Sukheila stated, “We are thrilled to receive this award recognizing our innovative workplace design for UPC. Gensler prides itself on creating environments that enhance organizational performance and drive measureable business goals. Our design for UPC exemplified sustainable best practices and healthy work spaces by creating a modern, crisp environment making reference to Abu Dhabi’s physical and cultural identity.”
Tasked with the responsibility of overseeing the growth of Abu Dhabi’s urban environment in order to comply with the Emirate’s Vision 2030, UPC wanted this clear viable vision for the future to be reflected within the interior design of its new Office Headquarters. Gensler were appointed to design the project while incorporating Estidama principles of sustainability to exemplify best practice and employee wellbeing.
The Arabian Property Awards are part of the long established International Property Awards and its award winners' logo is recognized as a symbol of excellence throughout the global industry. Covering residential as well as commercial categories, the prime focus of the highly respected International Property Awards is to seek out the best real estate related professionals across the globe.
On December 7 in London, Gensler will compete against other winning companies from Asia Pacific, Africa, the Americas and Europe to find the ultimate “World’s Best” in each category.
AED 112 MILLION DEAL FOR DRAKE & SCULL INTERNATIONAL IN KUWAIT
The company awarded MEP packages for a private residential development and the second college for Sabah Al-Salem University
[Dubai, 22 October, 2012] - Drake and Scull Kuwait (DSK), a subsidiary of Drake & Scull International (DSI) PJSC a regional market leader in integrated design, engineering and the construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water & Power, Rail and Oil & Gas has been awarded MEP packages for a private residential development and the second college for Sabah Al-Salem University for a contract value of AED 112 million.
Similarly, the company has been awarded in Quarter four last year the MEP package for the first college for Sabah Al- Salem University valued at AED 200 million and has been eyeing projects across the residential, healthcare, education , waste water and water treatment sectors.
On this occasion, Khaldoun Tabari, CEO of DSI, commented, “Kuwait remains a very important growth market for DSI and we are delighted to have been selected to execute the second college for Sabah Al- Salem University which is considered to be one of the iconic landmarks in the education sector across the region. Kuwait is aggressively investing in state-of-the-art education facilities as part of a long-term commitment to enhance the literacy rate in the country and produce competent and highly skilled graduates. DSI aims to further capitalize on the government’s development strategy by providing advanced and tailored MEP solutions for the specific requirements of various types of educational facilities according to the most stringent quality and technical standards.”
DSI has been involved in numerous projects involving high-profile education facilities and has a strong reputation in providing state of the art MEP solutions to leading academic institutions in Kuwait. Since its inception in 2004, DSK has been involved in some of Kuwait’s top engineering projects including the Special Training Centre for Public Authority for Applied Education and Training in Shuwaikh and the College of Basic Education- Boys Campus in Ardiya in addition to the Kuwait State Audit Bureau. DSK exclusively owns unique engineering technologies, especially in the MEP and Water and Power sectors, and enjoys close ties with governmental and private property developers.
INJAZ: URBAN DEVELOPMENT PROJECTS IN NORTHERN RIYADH TO ACCOMMODATE 700,000 PEOPLE BY 2030
Completion of key infrastructure projects, introduction of Saudi Real Estate Mortgage Law to stimulate influx of investments in Riyadh
October 22, 2012
Real estate investments in Northern Riyadh are expected to grow stronger in line with the increasing focus across the region on residential and urban development, according to a recent report released by Injaz Development Co. The promising investment outlook coincides with the newly enacted Saudi Real Estate Mortgage Law, which has been introduced to provide funding for urban development projects across Saudi Arabia and ultimately boost the Saudi economy.
The report has emphasized the importance of the Real Estate Mortgage Law in sustaining the long-term urban development initiatives being undertaken in Northern Riyadh and across the country, particularly in light of higher growth rates being observed in the real estate industry. Industry analysts have further pointed out that the real estate mortgage system will serve as a pillar for strategic Public Private Partnerships (PPP) in the country. PPP has been recognized as a driving force behind the growing number of residential and urban development projects across the country, which are vital to address the burgeoning demand for residential property, particularly with respect to the Kingdom’s fast-growing population of which 60 per cent are youth.
The report further pointed out that real estate development activities have achieved positive growth overall across the country, with Northern Riyadh’s real estate sector growing by 43.42 per cent, based on Jones Lang LaSalle’s Riyadh Real Estate Market Performance Index Q2 2012, triggering radical changes in its urban and real estate landscape. The High Commission for the Development of Arriyadh (HCDA), on the other hand, has announced major developments in Northern Riyadh following the completion of several key infrastructure projects, including road networks, residential facilities and hospitality developments. Some of the latest projects that have been undertaken in Northern Riyadh include the Prince Sultan Bin Abdulaziz Humanitarian City and the 3.2 square kilometer Prince Salman Park in Banban.
As part of its commitment to promote Northern Riyadh as one of the most attractive investment destinations worldwide, Injaz Development Co. has been actively involved in projects that complement ongoing efforts to achieve a well-balanced, sustainable urban development. The Riyadh-based master developer and property investment firm has launched a number of projects that support the urban development strategy being implemented in Northern Riyadh. The urban development projects in the region ultimately aim to accommodate the needs of its rapidly growing population, which is expected to reach over 700,000 by 2030. Moreover, it will create more job opportunities for residents and generate greater economic contributions from the private sector.
Taking advantage of the favorable market conditions in Northern Riyadh, Injaz has revealed plans to launch new projects in the region, including Al Gamra 10, one of the four blocks in Al Gamra Project – a 2.5 million sqm project with a strategic location in Northern Riyadh. With 403 land plots spread over a total area of 566,000 sqm, Al Gamra 10 is an integrated project offering ready-made residential, commercial and investment building blocks that are specifically designed to meet the needs of residents and businesses. The project will include infrastructure for electricity, water, lighting and road networks, making it an ideal residential destination in the region.
Omar Al-Kadi, CEO and Managing Director, Injaz Development Co., said: “The real estate boom in Saudi Arabia is mainly driven by the newly introduced Real Estate Mortgage system, which is part of a five-point system to generate real estate funding in the country. The favorable market outlook as well as several other influential factors will stimulate urban development in Northern Riyadh, particularly in the development of high-quality residential properties of varying sizes. Moreover, we can also expect the rapid development of other key amenities, including service centers, integrated services, modern road networks and interactive public transportation systems.”
“We expect a continued flow of investments for urban development across Northern Riyadh in the foreseeable future to meet the demands of the region’s growing population. The development of a central road network within Northern Riyadh, along with a number of other vital projects, including the King Abdullah Financial District and the Princess Nora Bint Abdul Rahman University, will help reinforce the reputation of Riyadh as a first-class investment destination. In this regard, the Al Gamra 10 project is being undertaken to complement the government’s urban development plans, as it will serve as a tool to generate more investments in Northern Riyadh,” concluded Al-Kadi.
NEWER CONSTRUCTION PROJECTS IN MIDDLE EAST LESS SUSTAINABLE THAN DECADE OLD CONSTRUCTIONS, SAYS EXPERT
Saeed Alabbar of AESG argues that improper usage of technology and focus on aesthetics and modern designs have actually made buildings in the region less efficient than before; he suggests measures that need to be taken to address this DUBAI, United Arab Emirates- 04 October 2012- Whilst the term ‘Green Buildings’ is relatively new to the Middle East region, the concept itself has been around in the region for generations. In the early decades of the 20th century, building construction was extremely sustainable due to the lack of availability of centralized electricity and water supply and the use of only local building materials. However, as the Middle East entered the 21st century, globalization bought with it many ideas and design concepts from the West and fully glazed, tall skyscrapers began dominating the skylines of the regions major cities. The use of fully glazed and therefore poorly insulated facades can be argued to be an inappropriate design concept for the climate in the region, however the concept was frequently used to showcase modernity in new buildings.
Saeed Alabbar, Director at AESG notes that local building codes have been evolving during this time to incorporate some of the fundamental features of Green buildings, predominantly with a focus on insulation. For example in Qatar, the Gulf Organization for Research and Development has introduced the Global Sustainability Assessment System (previously QSAS) while in Abu Dhabi, developers are mandated to follow the Estidama Pearl Rating System.
“Whilst these are steps in the right direction and local governments should be praised there are still fundamental issues that need addressing in the industry. Despite all the measures being taken, the construction industry is still unfortunately in a position where buildings being constructed today consume more energy per square meter of floor area than buildings constructed in the 1970’s. There are factors which need immediate consideration if the concept of green building is to truly gain momentum in the region,” said Saeed.
Developers need to start talking about a building's energy use intensity, the energy consumption per square meter, rather than comparing buildings to theoretical baselines.
Quality control in the integrity of building envelopes needs major improvement. Some fantastic analysis goes into building designs to select the right glass and insulation but quite often all this good work is lost during construction as insulation and facades are installed poorly with high levels of thermal bridging and air leakage. In many cases it is not only the contractors but the architects who are at fault. There is really little use in specifying the top of the range insulation if heat is allowed to pass through all the exposed elements of the building. Major savings in energy can be made by addressing this rather simple issue, which would not cost that much to fix.
There is need for the discussion of green buildings to move into the realm of building operation. There is a lot of talk about green design and green construction but the objectives seem to stop once the building is completed and received its rating. Buildings do not consume energy while they are being built. They only consume energy when they are occupied so this should be the most important phase of a green buildings life and we need to pay more attention to the energy efficiency of building operation and begin reporting the energy use intensity of existing buildings.
Before trying to adopt the highest technology of systems in buildings, developers need to make sure that those systems will be commissioned properly. Far too often when we look at existing buildings we see the most expensive, highest spec building management system turned off because it is not working properly or the operators do not know how to use it. Bridging the interface between construction and operation, through proper commissioning, is essential, particularly now as buildings are becoming more and more high-tech.
Despite these issues, there is a lot of great change that has happened in the industry over the past few years and the government and private sector are both making great strides in the realm of sustainable buildings. However, the industry cannot afford to rest on its laurels and respond to the fundamental questions of how to really make buildings better.
MACDONALD & COMPANY RELEASES ‘MIDDLE EAST SALARY GUIDE’ AT ‘CITYSCAPE GLOBAL 2012’
Guide reveals positive salary indicators for employees in the region and a re-emergence of senior hiring in Dubai
October 02, 2012
Macdonald & Company, the leading property recruitment specialist, has revealed the release of a ‘Middle East Salary Guide’ today (October 02, 2012) at the opening of ‘Cityscape Global 2012,’ the Middle East region’s largest and most influential international real estate event, at the Dubai International Convention and Exhibition Centre (DICEC). The guide is a forerunner of the main annual ‘Middle East Salary Survey,’ which is scheduled to be launched in February 2013, along with the other regional Macdonald and Company surveys covering the UK, Europe, Asia and Africa. The survey, which is identified as the most comprehensive annual survey undertaken for the real estate sector, will be completed in collaboration with the Royal Institution of Chartered Surveyors (RICS) and Cityscape Connect.
According to Macdonald & Company, the Middle East region has witnessed an increase in hiring activity over the last few weeks, following a relatively busy summer and everyone has returned to work with renewed optimism and confidence that the region is faring better compared to Europe, the UK and the US. Several large Dubai developers and government institutions have been searching for senior individuals, and it seems that there is a real willingness to look forward, plan and budget for new staff appointments. Critically, employers in the region are now being very selective about their new hires and are keen to bring in new expertise from outside the region again.
Selective Abu Dhabi developers are also active in hiring, although the employment market in the capital remains steady ahead of the proposed Sorouh and Aldar merger and clarity on the role of the newly formed company. Industry experts are also looking into the impact of the decree requesting Abu Dhabi government employees to reside in Abu Dhabi and how this will affect rents, salaries and lifestyles. The residential sales and leasing market in Dubai continues to improve for well finished and well located properties delivered by well known and respected developers. In fact, the recent Emaar off plan launches sold out very quickly.
The other main generators of hiring activity are KSA and Qatar. KSA is by far the largest market but still proves very challenging to recruit into due to strict nationalisation policies. Qatar has an air of expectancy surrounding the World Cup but has yet to really move forward. Other regions in the Arab World that used to be active have remained off limits (Syria, Yemen, Egypt and Libya) as the Arab Spring plays out. The fundamental shift to democracy will take many years to really infiltrate every level of society. Professionals remain very attracted to the region for financial, career and family reasons, particularly when compared to current available opportunities in the UK, Europe and the US.
Ben Waddilove, Director, Macdonald & Company, said, “The current situation is definitely improving and we expect that the Gulf States will continue to achieve significant GDP growth compared to other Western economies as the year progresses.”
Copies of the Salary Guide will be distributed at Cityscape and are also available at the Macdonald and Company Offices, Office 403, Code Business Tower, Al Barsha 1, Dubai. The survey can also be downloaded from www.macdonaldandcompany.com
DUBAI WORLD CENTRAL HIGHLIGHTS VISION OF ‘FUTURE CITIES’ AT CITYSCAPE GLOBAL 2012
INFRASTRUCTURAL INVESTMENTS WORTH AED 17 BILLION UNDERLINE STEADY PROGRESS AT WORLD’S FIRST PURPOSE-BUILT ‘AEROTROPOLIS’
SEPTEMBER 30, 2012
DUBAI WORLD CENTRAL (DWC), THE WORLD’S FIRST PURPOSE-BUILT ‘AEROTROPOLIS’ AND STRATEGIC INITIATIVE OF THE GOVERNMENT OF DUBAI, IS GEARING UP TO SHOWCASE MAJOR INVESTMENT OPPORTUNITIES DURING ITS PARTICIPATION AT CITYSCAPE GLOBAL 2012, THE HIGHLY INFLUENTIAL EVENT FOR THE GLOBAL REAL ESTATE COMMUNITY TAKING PLACE FROM OCTOBER 2 TO 4, 2012, AT THE DUBAI INTERNATIONAL EXHIBITION CENTRE, IN DUBAI, UAE.
DURING CITYSCAPE, DWC WILL BE PRESENTED AS A MODEL OF THE SUCCESSFUL INTEGRATION OF SOUND URBAN PLANNING AND SUSTAINABILITY INTO A VISIONARY DEVELOPMENT THAT LEVERAGES DUBAI’S STATUS AS A LEADING AVIATION, TRADE AND BUSINESS HUB.
DUBAI’S SIGNATURE AEROTROPOLIS FEATURES THE KEY ELEMENTS REQUIRED BY TOMORROW’S ‘FUTURE CITIES’ WHERE MASSIVE URBANIZATION REQUIRES AN INNOVATIVE APPROACH TO ENSURING ECONOMIC, SOCIAL, ENVIRONMENTAL AND URBAN SUSTAINABILITY. DWC ALSO REFLECTS THE DUBAI GOVERNMENT’S LONG-TERM COMMITMENT TO DIVERSIFIED GROWTH BACKED BY KEY SECTORS SUCH AS AVIATION.
DWC OFFERS NUMEROUS OPERATIONAL ADVANTAGES DUE TO ITS INTEGRATION OF A WORLD-CLASS AIRPORT AND LOGISTICS, AVIATION, EXHIBITION AND HUMANITARIAN DISTRICTS. MOREOVER, THE RESIDENTIAL AND COMMERCIAL DISTRICTS WILL PROVIDE ACCOMMODATION, OFFICE SPACE AND ENTERTAINMENT FOR PEOPLE WORKING AT DWC AS WELL AS VISITORS. MEANWHILE, CONSTRUCTION IS CURRENTLY UNDERWAY IN THE 6.7 KILOMETER AVIATION DISTRICT WHERE STATE-OF-THE-ART FACILITIES FOR FIXED BASE OPERATORS (FBOS) & MAINTENANCE REPAIR & OPERATIONS (MROS), AVIATION SUPPORT SERVICES, DESIGN AND CONSULTANCY, RESEARCH AND DEVELOPMENT, AMONG OTHERS, ARE RAPIDLY TAKING SHAPE.
DUBAI WORLD CENTRAL ALSO REVEALED THAT AED 17 BILLION HAS BEEN INVESTED SO FAR TOWARDS DEVELOPING INFRASTRUCTURE WITHIN DWC, INCLUDING AED 2 BILLION INVESTED IN THE RESIDENTIAL DISTRICT.
INTERNATIONAL BRANDS SUCH AS NESTLÉ AND ARAMEX ARE CURRENTLY OPERATING ALONGSIDE MAJOR REGIONAL PLAYERS INCLUDING MAJESTIC WINGS PRIVATE AIRPLANE LLC IN DWC. RESIDENT COMPANIES STAND TO BENEFIT FROM UPCOMING GLOBAL INDUSTRY EVENTS TO BE HELD IN DWC, SUCH AS THE DUBAI AIRSHOW 2013, MIDDLE EAST BUSINESS AVIATION 2012 (MEBA) AND WORLD EXPO WHICH DUBAI IS CURRENTLY EYEING TO HOST IN 2020.
KHALIFA AL ZAFFIN, EXECUTIVE CHAIRMAN, DUBAI AVIATION CITY CORPORATION, SAID, “DUBAI’S ADOPTION OF AVIATION-CENTRIC GROWTH REFLECTS A BROADER, VISIONARY COMMITMENT BY THE GOVERNMENT TO DIVERSIFICATION AND SUSTAINABLE ECONOMIC DEVELOPMENT. DUBAI IS THE PERFECT LOCATION FOR THE WORLD’S FIRST AEROTROPOLIS TO EMERGE WITH A FRESH APPROACH TO URBANIZATION THAT TAPS THE EMIRATE’S STRATEGIC POSITION AS A GLOBAL COMMERCIAL AND LOGISTICS HUB. DWC EXTENDS ITS INVITATION TO DEVELOPERS AND INVESTORS WHO WANT TO BE INVOLVED IN ONE OF THE REGION’S LANDMARK PROJECTS.”
“DURING CITYSCAPE GLOBAL, WE WILL HIGHLIGHT TO OUR STAKEHOLDERS THAT THE AEROTROPOLIS IS CONSIDERED A MAJOR DEVELOPMENT MODEL OF THIS CENTURY. DWC IS THE SELF-SUSTAINED AIRPORT CITY OF THE 21ST CENTURY WHICH USHERS IN A NEW APPROACH TO GROWTH FOR DUBAI AND THE ENTIRE REGION,” HE ADDED.
RASHED BU QARA’A, CHIEF OPERATING OFFICER, DUBAI AVIATION CITY CORPORATION, SAID, “FROM INCEPTION DWC HAS BEEN NURTURED AS AN AVIATION-ENABLED DEVELOPMENT THAT CONTRIBUTES TOWARDS REINFORCING DUBAI’S POSITION ON THE WORLD MAP. STRATEGICALLY BUILT TO MAXIMIZE MULTI-MODAL INFRASTRUCTURE, DWC IS A DEVELOPMENT THAT MIRRORS DUBAI’S ASPIRATIONS TO DIVERSIFIED PROSPERITY. CITYSCAPE GLOBAL IS AN IDEAL PLATFORM FOR US TO SHOW HOW SECURING PRIME SPACE IN DWC REPRESENTS A SOLID BUSINESS AND INVESTMENT MOVE FOR LOCAL, REGIONAL AND GLOBAL ORGANIZATIONS.”
JOHN D. KASARDA, DIRECTOR OF THE UNIVERSITY OF NORTH CAROLINA’S KENAN INSTITUTE OF PRIVATE ENTERPRISE AND A LEADING PROPONENT AND DEVELOPER OF THE ‘AEROTROPOLIS’ CONCEPT, EXPLAINS THAT AIRPORTS HAVE EMERGED AS DRIVERS OF BUSINESS LOCATION AND URBAN DEVELOPMENT IN THE 21ST CENTURY IN THE SAME MANNER THAT SEAPORTS, RAILROADS AND HIGHWAYS TRANSFORMED CIVILIZATION IN THE 18TH, 19TH AND 20TH CENTURIES, RESPECTIVELY.
REGARDED AS THE REGION’S MOST INFLUENTIAL GATHERING FOR THE GLOBAL REAL ESTATE COMMUNITY, CITYSCAPE GLOBAL WILL PROVIDE KEY INSIGHTS AND THE LATEST DEVELOPMENTS ON THE WORLD’S FOREMOST REAL ESTATE MARKETS. DUBAI WORLD CENTRAL WILL BE AMONG THE MAJOR EXHIBITORS ENTERTAINING GLOBAL BUSINESSES INTERESTED IN BUILDING AND MAINTAINING A PRESENCE ACROSS THE VIBRANT MIDDLE EAST REAL ESTATE MARKETS.
DUBAI WORLD CENTRAL IS A PROJECT OF DUBAI AVIATION CITY CORPORATION.
DUBAI WORLD CENTRAL HIGHLIGHTS VISION OF ‘FUTURE CITIES’ AT CITYSCAPE GLOBAL 2012
TASWEEK TO OUTLINE STRENGTHS OF UAE MARKET AT REGION’S PREMIER INTERNATIONAL REAL ESTATE EVENT
CITYSCAPE GLOBAL TO REVEAL MIDDLE EASTERN GROWTH PROSPECTS TO OVER 20,000 PARTICIPANTS
SEPTEMBER30, 2012
DUBAI AND THE UAE IN GENERAL REMAIN HIGHLY ATTRACTIVE REAL ESTATE BUSINESS AND INVESTMENT LOCATIONS COMPARED TO OTHER DEVELOPED MARKETS. THE GLOBAL COMMUNITY AGREES THAT THE UAE’S SOUND PROPERTY FUNDAMENTALS HAVE CARRIED IT THROUGH VARIOUS CHALLENGES SUCH AS THE ONGOING ECONOMIC DOWNTURN.
MASOOD AL AWAR, THE CEO OF TASWEEK REAL ESTATE MARKETING AND DEVELOPMENT, WILL DISCUSS THE BRIGHT OUTLOOK FOR THE LOCAL AND REGIONAL MARKETS DURING A SPECIAL PRESENTATION AT CITYSCAPE GLOBAL, THE MIDDLE EAST’S LARGEST AND MOST INFLUENTIAL REAL ESTATE EVENT TAKING PLACE FROM OCTOBER 2 TO 4, 2012 AT THE DUBAI INTERNATIONAL CONVENTION AND EXHIBITION CENTRE.
CITYSCAPE GLOBAL HAS BEEN A CATALYST FOR REAL ESTATE INVESTMENT AND DEVELOPMENT GROWTH ACROSS THE WORLD’S EMERGING MARKETS FOR MORE THAN A DECADE. THIS YEAR’S EDITION WILL WELCOME OVER 20,000 PARTICIPANTS WHO WILL GRAB THE OPPORTUNITY TO BUILD AND MAINTAIN THEIR PRESENCE ACROSS THE REGIONAL MARKETS. AL AWAR WILL USE THE EVENT AS A PLATFORM TO SHOWCASE THE REAL ESTATE STRENGTHS OF THE UAE, PARTICULARLY ITS MAIN MARKETS OF ABU DHABI AND DUBAI.THE TASWEEK HEAD WILL EXPLAIN HIS COMPANY’S EXTENSIVE EXPERIENCE AS AN INTERNATIONAL PROPERTY DEVELOPER AND INVESTOR AND COMPARE THE ADVANTAGES OF INTERNATIONAL MARKETS. HE WILL ALSO RECOMMEND STRATEGIES TO SUSTAIN AND ACCELERATE BUSINESS GROWTH.
DURING CITYSCAPE GLOBAL, AL AWAR WILL CONDUCT CONFERENCE SESSIONS ON ‘SOVEREIGN WEALTH AND STRATEGIC PARTNERSHIPS’ AND ‘DUBAI ON THE WORLD STAGE,’ WHERE HE WILL DISCUSS HOW TO FORM PROFITABLE AND STABLE JOINT VENTURE PARTNERSHIPS BETWEEN LOCAL AND FOREIGN INVESTORS AND REVEAL STRATEGIES FOR DRAWING INTERNATIONAL INVESTORS BACK TO DUBAI.“IN OUR PREVIOUS STUDIES, TASWEEK HAS SHOWN THAT THE DUBAI AND ABU DHABI MARKETS ARE STILL STEADILY WORKING THEIR WAY TOWARDS RECOVERY. CITYSCAPE GLOBAL IS A PERFECT PLATFORM TO SHOW THE WORLD THAT THE UAE IS STILL AN OUTSTANDING DESTINATION FOR PROPERTY INVESTMENTS AND DEVELOPMENTS AND WILL PAY HUGE DIVIDENDS TO THOSE WHO POSITION THEMSELVES IN STRATEGIC PARTNERSHIPS AND PROJECTS. WE ALSO LOOK FORWARD TO SHARING OUR COMPANY’S EXPERTISE AND SHARP MARKET INSIGHTS TO HELP THOSE WHO INTEND TO DO SERIOUS BUSINESS WITH THE MIDDLE EAST,” SAID AL AWAR.IN ITS LATEST COMPREHENSIVE MARKET RESEARCH, TASWEEK NOTED A SLIGHT RALLY IN SOME OF DUBAI’S PRIME REAL ESTATE LOCATIONS. WITH THOUSANDS OF REAL ESTATE INVESTORS, DEVELOPERS, FINANCIERS, ARCHITECTS, CONSULTANTS AND OTHER REAL ESTATE PROFESSIONALS SET TO TROOP TO CITYSCAPE GLOBAL, TASWEEK IS GEARING UP TO HELP ENERGIZE THE LOCAL MARKETS THROUGH THE END OF 2012 AND BEYOND.CITYSCAPE GLOBAL 2012 IS THE 11TH EDITION OF THE ESSENTIAL BUSINESS-TO-BUSINESS NETWORKING EXHIBITION AND CONFERENCE FOR EMERGING REAL ESTATE MARKETS GLOBALLY. MORE EVENT DETAILS ARE AVAILABLE AT HTTP://WWW.CITYSCAPEGLOBAL.COM/.
