Thursday, April 26, 2012

Cityscape Abu Dhabi 2012

Cityscape Abu Dhabi is one of the world's largest real estate events. It attracts the Mega Project developers giving them a chance to show their incredible projects to the entire world. In addition to the developers Cityscape Abu Dhabi attracts investors, architects, construction companies, the media and many others. According to Cityscape:

'Cityscape Abu Dhabi is the only annual meeting point for governmental authorities, key investors and developers, consultants, architects, designers and other real estate professionals to drive growth in Abu Dhabi’s real estate market.

'Cityscape Abu Dhabi 2012 is where the future of Abu Dhabi’s master plan and key developments are being revealed. With over 25,000 participants in attendance, Cityscape Abu Dhabi is the opportunity to build and maintain your presence in Abu Dhabi’s real estate market.'

Yesterday was the final day of Cityscape Abu Dhabi 2012 and here are some excerpts from a press release given by Cityscape which will give you a better idea of what went on there:

'Several major UAE based developers showcased their key developments to visiting investors and partners from more than 80 countries. Among them, Sorouh Real Estate launched its retail property brand Boutik, aimed at enhancing the lifestyle experience at some of its major developments. The Abu Dhabi based developer will open its first Boutik branded space in Sun and Sky Towers on Al Reem Island in June this year, hosting the first ever Waitrose supermarket in the UAE capital. In the second half of the year, Sorouh will also open the grade A shopping mall, Boutik Al Ain, home to a Carrefour hypermarket.

'Gurjit Singh, Chief Operations Officer at Sorouh said: “Cityscape Abu Dhabi continues to be the most important real estate exhibition in the MENA region, and we continue to support this annual gathering to demonstrate our commitment to Plan Abu Dhabi 2030 and the long-term vision for the economic development of the emirate.”

'Baniyas Investment and Development Company (BIDC) showcased its award winning development, Bawabat Al Sharq project, in Bani Yas city. The investment and development arm of the Bani Yas Club had a busy year in 2011, when they launched the luxurious Andalucian style villas on Bawabat Al Sharq. The distinct three, four, and five bedroom villas were the focal point of BIDC’s exhibition stand at Cityscape Abu Dhabi this year, and will begin to be handed over to owners by the end of 2013.

“Cityscape Abu Dhabi is the most important real estate show in Abu Dhabi, providing a unique platform to learn of the latest market updates of the regional real estate industry,” said Wael El Ashry, Commercial Vice President at Baniyas Investment and Development Company.

'Under the patronage of H.H General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Cityscape Abu Dhabi is the annual barometer for the Abu Dhabi and wider GCC real estate market, where thousands of investors gather to learn about the latest market trends and updates of many of Abu Dhabi’s master developments.

'Other major developers taking part this year at Cityscape Abu Dhabi included the Urban Planning Council, Department of Municipal Affairs, Tamouh Investments, Meraas, Aldar Properties, Aabar Properties, Mubadala, Al Maabar, Eshraq Properties, Bloom Properties, Reem Investments, and the Tourism Development & Investment Company.'

Now I want to give you a good idea of the full scope of Cityscape Abu Dhabi 2012. What follows are some of the high level exhibitors at the event:

-- Aabar Properties LLC United Arab Emirates

-- Abu Dhabi Commercial Properties LLC United Arab Emirates

-- Abu Dhabi Urban Planning Council United Arab Emirates

-- Aldar Properties PJSC United Arab Emirates

-- Allabina LCE architects United Kingdom

-- Al Maabar United Arab Emirates

-- Al Torath Engineering Consultants United Arab Emirates

-- Arabtec Eastern Model United Arab Emirates

-- Aseel Finance United Arab Emirates

-- Baniyas Investment & Development United Arab Emirates

-- Bloom Properties United Arab Emirates

-- Buettner Architects & Engineers United Arab Emirates

-- BuildUp SA – Real Estate Development And Investment Greece

-- Capital Alternatives Limited United Arab Emirates

-- Dewan Architects & Engineers United Arab Emirates

-- Dewa Projects Private Limited United Arab Emirates

-- Dhafir Development & Contracting LLC United Arab Emirates

-- Ehaf Consulting Engineers United Arab Emirates

-- Ehrlich Architects United States of America

-- Elysian Investments United Arab Emirates

-- Eshraq Properties Co (PJSC) United Arab Emirates

-- Fargain Developments United Kingdom

-- Forbes Middle East United Arab Emirates

-- Green Valley Real Estate United Arab Emirates

-- Gulf Property United Arab Emirates

-- Herald Land Real Estate Brokers LLC United Arab Emirates

-- International Capital Trading United Arab Emirates

-- KEO International Consultants United Arab Emirates

-- Kling Engineering Consultant LLC United Arab Emirates

-- Manazel Real Estate United Arab Emirates

-- Meraas Development United Arab Emirates

-- Mubadala Real Estate & Hospitality (MREH) United Arab Emirates

-- NAGA Architects, Designers & Planners United Arab Emirates

-- Nationwide Middle East Properties United Arab Emirates

-- Paragon Malls United Arab Emirates

-- Pioneer International Projects Management United Arab Emirates

-- Reem Investments United Arab Emirates

-- Sheikh Zayed Housing Programme United Arab Emirates

-- Smart Solutions Consulting Engineers (SSCE) United Arab Emirates

-- Sorouh Real Estate P.J.S.C United Arab Emirates

-- Stanly for Investment and Real Estate Development Egypt

-- Tamouh Investments United Arab Emirates

-- Three60 Estates Management United Arab Emirates

-- Tourism Development & Investment Company (TDIC) United Arab Emirates

-- Turner Construction - International LLC United Arab Emirates

-- Ventures Middle East United Arab Emirates

-- Wafra Real Estate Kuwait

As you can see Cityscape Abu Dhabi 2012 was a truly first class event and one that could not be missed by those involved in the Mega Project industry. Here is a link to the Cityscape Abu Dhabi website where you can take an even closer look at all that went on there:


Wednesday, April 18, 2012

The Mega Developers: ENSHAA

In this Mega Developer post I will cover ENSHAA, a leading developer in the UAE. ENSHAA has a number of first class projects in their portfolio and the company is doing a great job developing projects of the highest quality and design.


Inspired by a vision to contribute to the sustainable development of the United Arab Emirates and the surrounding regions, ENSHAA was established to develop premium quality commercial, residential and hospitality projects. The firm's major shareholders include Emirates Investments Group, Majid Al Futtaim Group and Abraaj Capital.

ENSHAA currently operates in the Middle East, North Africa, South Asia and Australia through an expanding portfolio of carefully conceived projects. The company has formed a number of successful joint venture partnerships with prestigious local and foreign companies. ENSHAA's portfolio includes Palazzo Versace Dubai, D1 residential tower and Emirates Financial Towers. ENSHAA is a major shareholder of Dubai based Kele Contracting LLC, in partnership with Australian affiliate Kele International Holdings. ENSHAA's acquisition of Signature Clubs International in November 2009 highlights its strategic focus on quality branded products and further expansion into the hospitality industry.


Much has happened in the region in the past couple of years. Certain sectors have been hit hard by the global economic downturn, while some have prospered as a result. What we can see now, however, is a real resurgence. Dubai's largest firms - the ones with the governance and strategic planning in place to have weathered the crisis - are rebounding strongly, pushing the market in a positive direction. And beyond the UAE, regional successes are buttressing the reputation of the region: the awarding of the 2022 World Cup to Qatar, and the countless extraordinary Saudi infrastructure projects are all combining to keep our region at the forefront of overseas investors' minds.

There will be good times ahead and - as everywhere - some bad ones too. Key to thriving is having the people and practices in place to be able to function in the hard times as well as the easy. We are confident that the past year has been well used, with a prudent and patient approach which will - literally as well as figuratively "pay dividends".

As we enter the next exciting period of growth, ENSHAA is confident of being exceptionally well placed to capitalize on opportunities, and to show that this region and ENSHAA are capable of anything.

- Sheikh Tariq Bin Faisal Al Qassimi, Chairman


> EMIRATES FINANCIAL TOWERS. This development is a 27-story commercial twin tower development, located in the heart of the Dubai International Financial Centre (DIFC) featuring premium office and retail spaces, restaurants and business meeting venues. The Emirates Financial Towers with world class facilities also boasts views of the Emirates Towers and the Burj Khalifa. With the largest automated intelligent car parking system in the world, a distinct glass sky-bridge, high speed elevators and within close proximity to the metro, the Emirates Financial Towers is a prestigious business destination as well as a valuable addition to the already impressive Dubai skyline. Office units range in size from just over 6,00 sq. ft. to just under 10,000 sq. ft. (net) with flexible design, offering shared facilities and provisions for private office amenities. Emirates Financial Towers is a joint venture project between ENSHAA and MAG Group.

> PALAZZO VERSACE DUBAI. The Palazzo Versace Dubai Resort and Condominiums is a landmark project and will be located within Culture Village on the Dubai Creek, a premium waterfront location with unobstructed views of the creek. The residential wings of Ala Destra and Ala Sinistra will offer 169 luxury condominiums ranging from one to six bedrooms with access to the hotel's services. The hotel will comprise a day spa, restaurants and 217 hotel suites furnished with an exclusive line of products from the Versace Home Collection. Palazzo Versace takes the beauty, the luxury and the opulence for which the Versace name is famous and envelopes residents and guests in an ambience that is pure Versace. A project fully owned and developed by ENSHAA.

> D1 TOWER. D1's dramatic design fuses rich Middle Eastern heritage with today's technology, quality and modernity. A stunning 80-story tower, D1 offers exclusive residents' facilities, including a Skyrise lounge, private cinema, indoor pool, gymnasium and concierge services. D1 is uniquely positioned adjacent to the majestic Palazzo Versace Dubai. D1 Tower is a project fully owned and developed by ENSHAA.


-- Sheikh Tariq Bin Faisal Al Qassimi, Chairman

-- Raza Jafar, Chief Executive Officer

-- Gerard Carroll, Chief Operating Officer

-- Brian Woodside, Chief Financial Officer

-- Colin Seow, Chief Development Officer

-- Eli Hyder, Chief Legal Officer

-- Ashok Gopinath, Director of Finance

I am very impressed by the ENSHAA projects and I think the company has a very positive future.


Crescent Tower Al Buheirah Corniche, 1st floor
Sharjah, United Arab Emirates
Tel: + 971 (6) 5566 827
Fax: + 971 (6) 5566 829
E-mail: info@enshaa.ae
Web: http://www.enshaa.ae/

Dubai Office:
Capricorn Tower, 8th floor, Sheikh Zayed Road
Dubai, United Arab Emirates
Tel: + 971 (4) 3329 330
Fax: + 971 (4) 3320 225

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