I have seen many unique and amazing Mega Projects unveiled in the UAE....in fact the UAE is the world leader for creating new and one of a kind developments. What I have never seen is an entire residential Mega Development with an equestrian theme-- until now! Escape, located in Ajman, is a $720Million, 200-acre exclusive gated community offering villas and low rise apartments, a boutique hotel, and a full range of equestrian facilities in addition to several multi-purpose sports arenas. This Mega Project is a horse lovers dream come true!
Escape will offer:
> 10 luxury villas, 500 medium villas, and 220 semi-detached villas in various configurations,
> 16 low-to-medium rise apartment buildings,
> Equestrian-themed boutique 5-Star hotel,
> Indoor multi-purpose sport and riding arena,
> Outdoor multi-purpose show ring / sports arena with seating for 400 spectators,
> HoofbeatZ Activities Equine Centre,
> Equine Spa,
> Barn facilities for 200 horses,
> Indoor sports arena for basketball, badminton, volleyball, and more,
> International standard restaurants and retail establishments,
> State-of-the-art business, health, sport, and leisure centers.
Ever seen a Mega Project like this one?? I have'nt! Definitely another "Big First" for the UAE! Located at the heart of Escape is the HoofbeatZ Centre, a two-level activities clubhouse which introduces a unique mix of equestrian-themed activities and entertainment in addition to traditional sports facilities ideal for the entire family. Wow! An entire club devoted to activities you can do with your horse!
"Our HoofbeatZ Program introduces non traditional equestrian games, workshops, and experiences that are all designed to broaden the base of those interested in horses, and to allow for people to learn about the horse as never before. These are brand new ideas and activities that are ideal for the entire family; our ultimate goal is to foster a new generation of equine enthusiasts and professionals from the UAE," said Eileen Verdieck, Partner of Escape LLC.
Even the 150 room Resort Hotel at Escape will be equestrian themed with each room dedicated to a different breed of horse. This is the only equestrian themed hotel in the entire world!
The villas at Escape will maintain open space, without property walls, and architectural inspiration comes from the traditional Arabic, Ottoman, and Mediterranean cultures. Low rise apartments border the residential area of the development and are only between eight and thirteen floors high so as to create a stress-free relaxed country atmosphere for the community.
"It's difficult for people in Dubai to live a nice lifestyle with the traffic and everything. With this location being literally 20 minutes from Dubai Airport, it's a wonderful alternative for people who maybe didn't think this kind of lifestyle was in their price range," said Verdieck.
Anwer Sher, General Manager of Escape LLC, had this to say:
"Escape will offer a new and healthier kind of lifestyle. Conveniently located to urban centers, yet removed from traffic and other urban stress, the community has been carefully designed to provide residents with an abundance of nature, peaceful views, and privacy not seen in other developments. Each villa is being planned so that it has a view onto planned bridle paths, or public park space areas. We have worked with the natural topography of the site, and enhanced existing land rises and using the lay of the land to promote a feeling of space and privacy."
Escape is a real paradise for the horse lover! An entire community devoted to horses and horse enthusiasts! Only in the UAE could you ever find something like Escape! This equestrian themed Mega Project truly embraces the creativity, vision and uniqueness of the UAE Mega Projects!
This link takes you to the Escape website:
http://www.ajmanproperty.com/escape-villas/escape-home.asp
Monday, June 30, 2008
Friday, June 27, 2008
Sovereign Wealth Funds Of The Gulf: Dubai World
With this post I am adding coverage of the Sovereign Wealth Funds of The Gulf to this blog. These gigantic funds have been making headlines with their huge investments in real estate, energy, financial services, tourism, retail and transport projects all over the world. The Sovereign Wealth Funds of The Gulf are some of the biggest financial powerhouses in the world, controlling Trillions of dollars!
Today I will cover Dubai World, which is one of the divisions of Dubai's Sovereign Wealth Fund, the Investment Corporation of Dubai. Dubai World is one of the most incredible holding companies on earth. Dubai World controls well over $100Billion, employs over 100,000 people and has a presence in 100 different cities in 60 countries!! Dubai World's portfolio of investments is HUGE and includes Nakheel, Limitless and DP World ....and these 3 giants are just a "small" portion of the Dubai World portfolio of investments!
Sultan Ahmed Bin Sulayem, Chairman of Dubai World, had this to say about the company:
"Dubai World never stops working. Around the globe and around the clock, we are committed to achieving tremendous success. Our Holding Company is a pioneering collection of international companies who together will proudly advance Dubai and the world. We know this is just the beginning of what we can accomplish and are excited and optimistic about the future and how Dubai World can help transform it."
The companies that are part of the Dubai World portfolio fall into 4 different classifications: 1. Group Entity (meaning Dubai World owns the entire company), 2. Partner, 3. Joint Venture, and 4. Associate. So, for example, Nakheel and Limitless are Group Entities of Dubai World, meaning Dubai World owns 100% of each company....on the other hand, The Trump Organization is a Partner with Dubai World through Nakheel (via Trump Palm on Palm Jumeirah).
What follows is the complete Dubai World portfolio. Be prepared to be amazed!
DUBAI WORLD PORTFOLIO
> P&O Maritime
> DP World
> Jafza
> Economic Zones World
> Pearl Valley Golf Estates
> Jumeirah Golf Estate
> Istithmar Building
> Golden Mile
> The Gardens
> Lost City
> Discovery Gardens
> Jumeirah Islands
> International City
> Jumeirah Lakes Towers
> The World
> Yacht Haven Grande
> Jumeirah Village
> Dubai Waterfront
> Dubai Design Center
> The Trump Organization
> Nakheel
> The Palm Islands
> Jumeirah Lakes Towers
> Istithmar
> Limitless LLC
> Perella Weinberg Partners
> FORSA
> Arcapita
> CDL Hospitality
> Istithmar Hotels
> Economic Zones World
> Techno Park Dubai
> Jebel Ali Free Zone International
> Dubai Multi Commodities Centre
> Dubai Diamond Exchange
> Dubai Gem Certification
> Dubai Tea Trading Center
> Polygon
> Tamweel
> Bank Muscat International
> Emirates and Sudan Bank
> Insure Direct
> Standard Chartered
> JADAF DUBAI
> Platinum Yachts FZCO
> Dubai Maritime City
> Exomos
> Platinum Yachts Managements
> Inchcape Shipping Services
> P&O Ferries
> Clement Systems Gulf
> Drydocks World
> Island Global Yachting
> Tejari
> Simsari
> Atlantis, The Palm
> Snowmass, Colorado
> Troon Golf
> GPS Industries, Inc.
> Leisurecorp
> Easy Hotel
> Kerzner International
> Greg Norman Golf Course
> One & Only
> Taj Luxury Hotels
> IFA Hotels & Resorts
> The Fairmont Palm Residence
> Palm Marine
> Kempinski Hotels
> Atlantis, Paradise Island
> Istithmar Hotels
> Nakheel Hotels & Resorts
> Bumrungrad Hospital
> TLC Healthcare Services
> IBN Battuta Mall
> Loehmann's Holdings
> Retail Corp
> Dragon Mart Complex
> Imdaad
> Dubai Customs World
> Dubai Security Services
> Palm District Cooling
> Nakheel Travel
> EHS
> Business Excellence Center
> Palm Water
> Spice Jet
> Dubai Gold & Commodities Exchange
> Polyconcept
> Emirates National Securitization Corp.
This link takes you to the Dubai World website:
http://www.dubaiworld.ae/en/Index.html
Today I will cover Dubai World, which is one of the divisions of Dubai's Sovereign Wealth Fund, the Investment Corporation of Dubai. Dubai World is one of the most incredible holding companies on earth. Dubai World controls well over $100Billion, employs over 100,000 people and has a presence in 100 different cities in 60 countries!! Dubai World's portfolio of investments is HUGE and includes Nakheel, Limitless and DP World ....and these 3 giants are just a "small" portion of the Dubai World portfolio of investments!
Sultan Ahmed Bin Sulayem, Chairman of Dubai World, had this to say about the company:
"Dubai World never stops working. Around the globe and around the clock, we are committed to achieving tremendous success. Our Holding Company is a pioneering collection of international companies who together will proudly advance Dubai and the world. We know this is just the beginning of what we can accomplish and are excited and optimistic about the future and how Dubai World can help transform it."
The companies that are part of the Dubai World portfolio fall into 4 different classifications: 1. Group Entity (meaning Dubai World owns the entire company), 2. Partner, 3. Joint Venture, and 4. Associate. So, for example, Nakheel and Limitless are Group Entities of Dubai World, meaning Dubai World owns 100% of each company....on the other hand, The Trump Organization is a Partner with Dubai World through Nakheel (via Trump Palm on Palm Jumeirah).
What follows is the complete Dubai World portfolio. Be prepared to be amazed!
DUBAI WORLD PORTFOLIO
> P&O Maritime
> DP World
> Jafza
> Economic Zones World
> Pearl Valley Golf Estates
> Jumeirah Golf Estate
> Istithmar Building
> Golden Mile
> The Gardens
> Lost City
> Discovery Gardens
> Jumeirah Islands
> International City
> Jumeirah Lakes Towers
> The World
> Yacht Haven Grande
> Jumeirah Village
> Dubai Waterfront
> Dubai Design Center
> The Trump Organization
> Nakheel
> The Palm Islands
> Jumeirah Lakes Towers
> Istithmar
> Limitless LLC
> Perella Weinberg Partners
> FORSA
> Arcapita
> CDL Hospitality
> Istithmar Hotels
> Economic Zones World
> Techno Park Dubai
> Jebel Ali Free Zone International
> Dubai Multi Commodities Centre
> Dubai Diamond Exchange
> Dubai Gem Certification
> Dubai Tea Trading Center
> Polygon
> Tamweel
> Bank Muscat International
> Emirates and Sudan Bank
> Insure Direct
> Standard Chartered
> JADAF DUBAI
> Platinum Yachts FZCO
> Dubai Maritime City
> Exomos
> Platinum Yachts Managements
> Inchcape Shipping Services
> P&O Ferries
> Clement Systems Gulf
> Drydocks World
> Island Global Yachting
> Tejari
> Simsari
> Atlantis, The Palm
> Snowmass, Colorado
> Troon Golf
> GPS Industries, Inc.
> Leisurecorp
> Easy Hotel
> Kerzner International
> Greg Norman Golf Course
> One & Only
> Taj Luxury Hotels
> IFA Hotels & Resorts
> The Fairmont Palm Residence
> Palm Marine
> Kempinski Hotels
> Atlantis, Paradise Island
> Istithmar Hotels
> Nakheel Hotels & Resorts
> Bumrungrad Hospital
> TLC Healthcare Services
> IBN Battuta Mall
> Loehmann's Holdings
> Retail Corp
> Dragon Mart Complex
> Imdaad
> Dubai Customs World
> Dubai Security Services
> Palm District Cooling
> Nakheel Travel
> EHS
> Business Excellence Center
> Palm Water
> Spice Jet
> Dubai Gold & Commodities Exchange
> Polyconcept
> Emirates National Securitization Corp.
This link takes you to the Dubai World website:
http://www.dubaiworld.ae/en/Index.html
Wednesday, June 25, 2008
Remraam: Upscale & Affordable Living In Dubai!
I hear complaints all the time that so many of the developments being built in Dubai are super luxurious and super expensive....not very affordable for many people. Well today I will tell you about a Dubai community being developed by Mizin, the real estate division of Tatweer(developers of Dubailand), that is both upscale AND affordable AND has a great location in Dubai!
This community is called Remraam. The 23.5 million square foot Mega Project is situated in a prime residential location overlooking Golf City and adjacent to both the Arabian Ranches and the biggest strip entertainment destination in the world, Bawadi. Now that's what I call LOCATION! Remraam will feature 100 Arabian Style residential buildings offering top quality studios, one-bedroom, two-bedroom and three-bedroom residences varying in price from approximately $120,000 to $450,000. Remraam should be finished by the end of 2010. From Mizin:
'At Mizin, we have formed a whole new way of approaching development. We look at it from your perspective; not ours. Remraam is a new kind of community that is built with your input. It provides affordable community living without depriving you of the kind of lifestyle you would expect to find in upscale communities.
'Remraam delivers on every key consideration: ideal location, extensive community amenities, lush landscaping, spacious garden apartments, an uncompromising build quality and unique low rise Moorish style architecture.'
This is exactly the kind of development that so many are looking for in Dubai. A great place to live, in a great location, at an affordable price! The CEO of Mizin, Sami Al Hashimi, had this to say about Remraam:
"In the past, value for money was offered at the expense of four major aspects - location, building quality, community facilities and the theme or the architectural style. What we have managed to achieve with the Remraam Community in terms of its value proposition is unprecedented for Dubai.
"Remraam was conceived to fill a gap in the market, based on the outcomes of a thorough sectoral research. In offering a unique community, Remraam has caught the attention of families looking to have an affordable yet upscale lifestyle that is founded on unparalleled quality standards."
Some of the facilities at Remraam include:
> Shopping Mall that will offer; department stores, food court, day care center, art gallery, culture center, multi-purpose hall,
> Swimming Pools,
> Health Clubs and Gyms,
> Clubhouse,
> Walking Paths,
> Childrens Play Areas,
> Tennis and Basketball Courts,
> Sauna and Steam Rooms,
> Parks, Gardens, Water Features,
> Mosques,
> Jogging Track,
> Community Retail Area,
> Outdoor BBQ Area,
> Dedicated Parking Area.
Remraam is truly one of the best residential developments I have seen. It has everything. Great location in DUBAI. High quality upscale living. AFFORDABLE pricing! Already phase 1, 2 and 3 of Remraam have been completely sold out....so I guess I am not the only one who thinks this Mega Project is fabulous! In my opinion, Remraam offers both a great place to live and a great investment.
This link takes you to the Remraam website:
http://www.remraam.ae/
This community is called Remraam. The 23.5 million square foot Mega Project is situated in a prime residential location overlooking Golf City and adjacent to both the Arabian Ranches and the biggest strip entertainment destination in the world, Bawadi. Now that's what I call LOCATION! Remraam will feature 100 Arabian Style residential buildings offering top quality studios, one-bedroom, two-bedroom and three-bedroom residences varying in price from approximately $120,000 to $450,000. Remraam should be finished by the end of 2010. From Mizin:
'At Mizin, we have formed a whole new way of approaching development. We look at it from your perspective; not ours. Remraam is a new kind of community that is built with your input. It provides affordable community living without depriving you of the kind of lifestyle you would expect to find in upscale communities.
'Remraam delivers on every key consideration: ideal location, extensive community amenities, lush landscaping, spacious garden apartments, an uncompromising build quality and unique low rise Moorish style architecture.'
This is exactly the kind of development that so many are looking for in Dubai. A great place to live, in a great location, at an affordable price! The CEO of Mizin, Sami Al Hashimi, had this to say about Remraam:
"In the past, value for money was offered at the expense of four major aspects - location, building quality, community facilities and the theme or the architectural style. What we have managed to achieve with the Remraam Community in terms of its value proposition is unprecedented for Dubai.
"Remraam was conceived to fill a gap in the market, based on the outcomes of a thorough sectoral research. In offering a unique community, Remraam has caught the attention of families looking to have an affordable yet upscale lifestyle that is founded on unparalleled quality standards."
Some of the facilities at Remraam include:
> Shopping Mall that will offer; department stores, food court, day care center, art gallery, culture center, multi-purpose hall,
> Swimming Pools,
> Health Clubs and Gyms,
> Clubhouse,
> Walking Paths,
> Childrens Play Areas,
> Tennis and Basketball Courts,
> Sauna and Steam Rooms,
> Parks, Gardens, Water Features,
> Mosques,
> Jogging Track,
> Community Retail Area,
> Outdoor BBQ Area,
> Dedicated Parking Area.
Remraam is truly one of the best residential developments I have seen. It has everything. Great location in DUBAI. High quality upscale living. AFFORDABLE pricing! Already phase 1, 2 and 3 of Remraam have been completely sold out....so I guess I am not the only one who thinks this Mega Project is fabulous! In my opinion, Remraam offers both a great place to live and a great investment.
This link takes you to the Remraam website:
http://www.remraam.ae/
Monday, June 23, 2008
The Riyadh Mega Projects
With the huge explosion of growth in The Gulf an unprecedented construction boom is underway in Saudi Arabia! More and more multi-billion dollar Mega Projects are being planned and built including the world's largest Mega Project-- the $120Billion King Abdullah Economic City. It is estimated that the Saudi's will spend between $700Billion-$1Trillion on projects!
Riyadh, capital of Saudi Arabia, is one of the epicenters for Saudi Mega Project development. Riyadh is the seat of government: ministries, embassies, diplomatic missions, as well as the financial, educational, cultural, technical, commercial and social capital of Saudi Arabia. As an important world capital, Riyadh receives an annual stream of businessmen, heads of state and public figures from the Western, Arab, Islamic and developing countries further underlining the city's increasingly pivotal role in Arab and global affairs.
In this post I will give you all of the Riyadh Mega Projects so you will understand just how much is going on there. In a future post I will cover the Jeddah Mega Projects, and Mega Projects going on in lesser known regions of Saudi Arabia. While so much of the world focuses on the UAE, there is plenty of exciting development taking place in Saudi Arabia! I have tried to be as accurate as possible with this list but there is always a chance that I missed a project or two. Feel free to email me or leave a comment if you have a Riyadh Mega Project that did not make the list.
THE RIYADH MEGA PROJECTS
> Kingdom Centre
> Al Faisaliya Centre
> King Khalid International Airport
> King Fahd International Stadium
> Riyadh View
> Riyadh Municipality
> Riyadh Plaza
> Riyadh Internationl Exhibition Center
> Riyadh Gallery Mall
> Nakheel Tower
> Olaya Center
> King Abdullah Financial District
> King Abdullah International Gardens
> Al-Wassil Tower
> Al Wasl
> Al Wasl Community
> Al Rajhi Tower
> Al Rajhi Tower 2
> Al Khozama Towers
> Ajmakan
> Al Anoud
> Anoud Tower 2
> Alqasser
> Al Faisal University
> Business Park
> B&D tower
> Benaa City
> Durrat Al-Riyadh
> Golden Corridor
> Ethra Mall
> Crystals of Riyadh
> Dahira Development
> Dhab Office Complex
> Jawharat Al Mamlakah
> Green Business Park
> Granada Office Park
> Four Seasons Riyadh
> Novotel & Ibis Hotel
> Marriot Courtyard
> Flamingo Mall
> Ministry of Education Headquarters
> Saudi Hollandi Bank
> Sport City
> Technology and Information City
> Thumamah Park
Riyadh, capital of Saudi Arabia, is one of the epicenters for Saudi Mega Project development. Riyadh is the seat of government: ministries, embassies, diplomatic missions, as well as the financial, educational, cultural, technical, commercial and social capital of Saudi Arabia. As an important world capital, Riyadh receives an annual stream of businessmen, heads of state and public figures from the Western, Arab, Islamic and developing countries further underlining the city's increasingly pivotal role in Arab and global affairs.
In this post I will give you all of the Riyadh Mega Projects so you will understand just how much is going on there. In a future post I will cover the Jeddah Mega Projects, and Mega Projects going on in lesser known regions of Saudi Arabia. While so much of the world focuses on the UAE, there is plenty of exciting development taking place in Saudi Arabia! I have tried to be as accurate as possible with this list but there is always a chance that I missed a project or two. Feel free to email me or leave a comment if you have a Riyadh Mega Project that did not make the list.
THE RIYADH MEGA PROJECTS
> Kingdom Centre
> Al Faisaliya Centre
> King Khalid International Airport
> King Fahd International Stadium
> Riyadh View
> Riyadh Municipality
> Riyadh Plaza
> Riyadh Internationl Exhibition Center
> Riyadh Gallery Mall
> Nakheel Tower
> Olaya Center
> King Abdullah Financial District
> King Abdullah International Gardens
> Al-Wassil Tower
> Al Wasl
> Al Wasl Community
> Al Rajhi Tower
> Al Rajhi Tower 2
> Al Khozama Towers
> Ajmakan
> Al Anoud
> Anoud Tower 2
> Alqasser
> Al Faisal University
> Business Park
> B&D tower
> Benaa City
> Durrat Al-Riyadh
> Golden Corridor
> Ethra Mall
> Crystals of Riyadh
> Dahira Development
> Dhab Office Complex
> Jawharat Al Mamlakah
> Green Business Park
> Granada Office Park
> Four Seasons Riyadh
> Novotel & Ibis Hotel
> Marriot Courtyard
> Flamingo Mall
> Ministry of Education Headquarters
> Saudi Hollandi Bank
> Sport City
> Technology and Information City
> Thumamah Park
Friday, June 20, 2008
The 10 Most Important Dubai Mega Projects
In this post I will give you what I consider to be the 10 most important Dubai Mega Projects. With this list I am looking at the LONG TERM success of Dubai. Therefore some of the Mega Projects on the list may not be as far along in development as projects I have excluded from the list...but nevertheless, in the LONG TERM, the Mega Projects on this list will be much more important to the success of Dubai than some projects that did not make the list. For example, RIGHT NOW Ski Dubai, which is fully operational and attracting many tourists to Dubai, is more important than Dubailand, which has many years to go before being fully finished. However, in the LONG TERM, Dubailand is far more important than Ski Dubai to the overall success of Dubai and will attract many, many more tourists to Dubai than Ski Dubai ever could.
THE 10 MOST IMPORTANT DUBAI MEGA PROJECTS
1.) Dubailand. Once complete, Dubailand will be the largest Mega Entertainment/Theme Park ever built and will be twice as large as Disney World. Dubailand is the Mega Project that will ultimately bring a continuous flood of millions and millions of tourists to Dubai each year. And as the biggest theme park ever built, Dubailand will make headlines all over the world bringing Dubai into the forefront of world travel.
2.) Business Bay. This gigantic Mega Business/Finance Development is destined to become "the Wall Street of the Middle East." One of the major goals of Dubai is to become a business and financial world hub. With Business Bay, Dubai will accomplish this goal making the Emirate a global business and finance powerhouse. Becoming a world business capital is vital for the long term success of Dubai.
3.) Dubai World Central. With the huge amount of tourism that projects like Dubailand will create, and all of the international business going in and out of Dubai, it is of primary importance for the long term success of the Emirate to have the largest and most modern international transportation center in the world-- and this is exactly what Dubai World Central will be when complete. None of Dubai's long term plans can work without having the finest transportation center in the world.
4.) Burj Dubai. As the tallest skyscraper in the world (and still growing), Burj Dubai constantly makes headlines all over the world. These headlines put Dubai right in the center of world media attention making the entire world aware of what an amazing place Dubai really is. Burj Dubai - being the tallest skyscraper in world history - makes the entire planet focus on Dubai!
5.) The Palm Islands. Palm Jumeirah, Palm Jebel Ali and Palm Deira are three of the most Iconic and incredible Mega Projects ever built. They are the eighth, ninth and tenth Wonders Of The World!! They rival the Great Pyramids! And just as the Great Pyramids drive millions of tourists to Egypt, The Palm Islands will do the same for Dubai. Furthermore, these islands offer some of the best real estate investment opportunities available, and because of this they are attracting investors from all over the world to Dubai.
6.) The World. Like the Palm Islands, The World is one of the most fantastic Mega Projects ever created. The World puts Dubai at the zenith of international property development because it has become one of the "Wonders Of The World" and an international Icon!
7.) Burj Al Alam. Once complete Burj Al Alam will be the tallest business tower ever built....another world's first for Dubai. But even more important than that, as the tallest BUSINESS tower in all of the world, Burj Al Alam will act like a beacon for attracting businesses to Dubai. This tower will be featured in all of the world's leading business media putting Dubai right in the center of all things business!
8.) Dubai Sports City. The phenomenal interest in sports throughout the world will make this Mega Project one of Dubai's most popular. Dubai Sports City will be an entire city devoted to sports! Nothing like this has ever been seen before and this development will attract the millions and millions of sports fans from all over the world to Dubai!
9.) Dubai Towers at The Lagoons. The stunning architecture of these 4 magnificent towers is so completely amazing that the Dubai Towers will capture the interest of and captivate the world! This is yet another Mega Project that will bring Dubai an incredible amount of international media attention. And don't forget that Dubai Tower 4 will be one of the tallest towers in the world coming in at 550m!
10.) Burj Al Arab. The finest and most luxurious hotel in the entire world! Burj Al Arab has already become a World Icon attracting the Super-Rich to Dubai. This hotel has put Dubai at the forefront of world luxury destinations and will continue to bring the rich and famous from all over the world to Dubai.
HONORABLE MENTION
There are so many great Dubai Mega Projects that it is very hard to pick the top 10. Her are some others that easily could have made the list:
> Dubai Waterfront
> Dubai Marina
> Al Burj
> Meydan
> Emirates Towers
> Mall Of Arabia
> Ski Dubai
THE 10 MOST IMPORTANT DUBAI MEGA PROJECTS
1.) Dubailand. Once complete, Dubailand will be the largest Mega Entertainment/Theme Park ever built and will be twice as large as Disney World. Dubailand is the Mega Project that will ultimately bring a continuous flood of millions and millions of tourists to Dubai each year. And as the biggest theme park ever built, Dubailand will make headlines all over the world bringing Dubai into the forefront of world travel.
2.) Business Bay. This gigantic Mega Business/Finance Development is destined to become "the Wall Street of the Middle East." One of the major goals of Dubai is to become a business and financial world hub. With Business Bay, Dubai will accomplish this goal making the Emirate a global business and finance powerhouse. Becoming a world business capital is vital for the long term success of Dubai.
3.) Dubai World Central. With the huge amount of tourism that projects like Dubailand will create, and all of the international business going in and out of Dubai, it is of primary importance for the long term success of the Emirate to have the largest and most modern international transportation center in the world-- and this is exactly what Dubai World Central will be when complete. None of Dubai's long term plans can work without having the finest transportation center in the world.
4.) Burj Dubai. As the tallest skyscraper in the world (and still growing), Burj Dubai constantly makes headlines all over the world. These headlines put Dubai right in the center of world media attention making the entire world aware of what an amazing place Dubai really is. Burj Dubai - being the tallest skyscraper in world history - makes the entire planet focus on Dubai!
5.) The Palm Islands. Palm Jumeirah, Palm Jebel Ali and Palm Deira are three of the most Iconic and incredible Mega Projects ever built. They are the eighth, ninth and tenth Wonders Of The World!! They rival the Great Pyramids! And just as the Great Pyramids drive millions of tourists to Egypt, The Palm Islands will do the same for Dubai. Furthermore, these islands offer some of the best real estate investment opportunities available, and because of this they are attracting investors from all over the world to Dubai.
6.) The World. Like the Palm Islands, The World is one of the most fantastic Mega Projects ever created. The World puts Dubai at the zenith of international property development because it has become one of the "Wonders Of The World" and an international Icon!
7.) Burj Al Alam. Once complete Burj Al Alam will be the tallest business tower ever built....another world's first for Dubai. But even more important than that, as the tallest BUSINESS tower in all of the world, Burj Al Alam will act like a beacon for attracting businesses to Dubai. This tower will be featured in all of the world's leading business media putting Dubai right in the center of all things business!
8.) Dubai Sports City. The phenomenal interest in sports throughout the world will make this Mega Project one of Dubai's most popular. Dubai Sports City will be an entire city devoted to sports! Nothing like this has ever been seen before and this development will attract the millions and millions of sports fans from all over the world to Dubai!
9.) Dubai Towers at The Lagoons. The stunning architecture of these 4 magnificent towers is so completely amazing that the Dubai Towers will capture the interest of and captivate the world! This is yet another Mega Project that will bring Dubai an incredible amount of international media attention. And don't forget that Dubai Tower 4 will be one of the tallest towers in the world coming in at 550m!
10.) Burj Al Arab. The finest and most luxurious hotel in the entire world! Burj Al Arab has already become a World Icon attracting the Super-Rich to Dubai. This hotel has put Dubai at the forefront of world luxury destinations and will continue to bring the rich and famous from all over the world to Dubai.
HONORABLE MENTION
There are so many great Dubai Mega Projects that it is very hard to pick the top 10. Her are some others that easily could have made the list:
> Dubai Waterfront
> Dubai Marina
> Al Burj
> Meydan
> Emirates Towers
> Mall Of Arabia
> Ski Dubai
Wednesday, June 18, 2008
UAE/Gulf Will Be World's Number One Tourist And Entertainment Destination!
The Middle East has already become the world leader in Global Tourism! This region surged ahead 13% in '07 with a total of 46 million arrivals! This is the largest percentage gain of anywhere in the world...even larger than Asia which increased by 10%! We could see even greater numbers by the end of 2008. The major reason we are seeing so many tourists flock to the Middle East is because of the rapid expansion of The UAE/Gulf Region and all of the incredible and unique Mega Projects being built there.
What really excites me about all of this is that most of the spectacular UAE/Gulf Mega Entertainment & Leisure Projects are not even complete yet. Imagine how huge tourism will be when Mega Projects like these are finally complete and fully operational:
> Dubailand
> Bawadi
> Universal Studios Dubailand
> Six Flags Dubailand
> Marvel Theme Park
> DreamWorks
> Meydan Racecourse
> Dubai Sports City
> MGM Grand Abu Dhabi
> Ferrari Theme Park / Yas Island
> Warner Brothers Theme Park, Abu Dhabi
> The Louvre / Saadiyat Island
> Guggenheim Museum / Saadiyat Island
> PKN Princess Resort, Ajman
> SEGA / Emaar Theme Parks
...and don't forget about these World Icons that will - and in many cases already are - attracting huge numbers of tourists:
- Burj Dubai
- Palm Jumeirah
- World Islands
- Palm Jebel Ali
- Palm Deira
- Al Burj
- Burj Al Alam
- Dubai Towers at The Lagoons
- Burj Al Arab
- Emirates Palace
Over $1Trillion is being spent in the Middle East on Mega Entertainment & Leisure Projects! According to a 1/20/08 article in ArabianBusiness.com:
'A massive $1Trillion is being invested in leisure projects across the Middle East, part of $3.63Trillion being spent on travel and tourism in the region over the next 12 years, according to a study by think tank Fast Future and Global Futures and Foresight (GFF). The Middle East Leisure Landscape 2020 study, released on Saturday, highlighted the UAE and Saudi Arabia as the main countries driving the surge in investment. GFF said Dubai accounted for $381.4Billion of projects in the region either planned or underway, while its neighboring Emirate Abu Dhabi accounted for $131.3Billion. Saudi Arabia has $184.4Billion worth of projects either planned or underway.'
Taking a closer look at Dubai, we see that by 2010 tourist numbers are expected to hit 10 million, and by 2015 they could reach at least 15 million according to Dubai Tourism and Commerce Marketing (DTCM). Furthermore, DTCM said the number of hotels and hotel apartments was expected to rise to 488 in the next two years, compared to 452 in 2007, with the number of hotel rooms climbing to 64,179 in 2010 from 51,168 last year! Khalid Ahmed bin Sulayem, Director General of DTCM had this to say:
"We are on track to move Dubai up the ladder on the global tourism map, and continue to provide direction to consolidate the Emirate's position as the tourism hub not just of the region but of the world."
No other area in the world even comes close to spending the kind of money on entertainment and leisure projects that the UAE/Gulf is spending. Not China. Not India. Not the USA. The future of world tourism and entertainment is the UAE/Gulf.
UPDATE- 6/19/08:
This morning, the day after I did this post, while I was checking over all the latest UAE news, I see that the United Kingdom's leading event organizer - CMPi - has announced the launch of the 'Middle East Attractions, Amusements, Parks, Leisure and Entertainment International Trade Exhibition (MEAPPLE)' that is scheduled to take place on November 17th and 18th at the Abu Dhabi National Exhibition Centre (ADNEC).
MEAPPLE has been launched because of the incredible boom in entertainment and leisure Mega Projects being developed in The Gulf. Chris Fountain, Director of CMPi, stated:
"The region is experiencing one of the great economic booms and MEAPPLE is being launched to enable international companies to develop contacts and deliver business in this key growth market."
What really excites me about all of this is that most of the spectacular UAE/Gulf Mega Entertainment & Leisure Projects are not even complete yet. Imagine how huge tourism will be when Mega Projects like these are finally complete and fully operational:
> Dubailand
> Bawadi
> Universal Studios Dubailand
> Six Flags Dubailand
> Marvel Theme Park
> DreamWorks
> Meydan Racecourse
> Dubai Sports City
> MGM Grand Abu Dhabi
> Ferrari Theme Park / Yas Island
> Warner Brothers Theme Park, Abu Dhabi
> The Louvre / Saadiyat Island
> Guggenheim Museum / Saadiyat Island
> PKN Princess Resort, Ajman
> SEGA / Emaar Theme Parks
...and don't forget about these World Icons that will - and in many cases already are - attracting huge numbers of tourists:
- Burj Dubai
- Palm Jumeirah
- World Islands
- Palm Jebel Ali
- Palm Deira
- Al Burj
- Burj Al Alam
- Dubai Towers at The Lagoons
- Burj Al Arab
- Emirates Palace
Over $1Trillion is being spent in the Middle East on Mega Entertainment & Leisure Projects! According to a 1/20/08 article in ArabianBusiness.com:
'A massive $1Trillion is being invested in leisure projects across the Middle East, part of $3.63Trillion being spent on travel and tourism in the region over the next 12 years, according to a study by think tank Fast Future and Global Futures and Foresight (GFF). The Middle East Leisure Landscape 2020 study, released on Saturday, highlighted the UAE and Saudi Arabia as the main countries driving the surge in investment. GFF said Dubai accounted for $381.4Billion of projects in the region either planned or underway, while its neighboring Emirate Abu Dhabi accounted for $131.3Billion. Saudi Arabia has $184.4Billion worth of projects either planned or underway.'
Taking a closer look at Dubai, we see that by 2010 tourist numbers are expected to hit 10 million, and by 2015 they could reach at least 15 million according to Dubai Tourism and Commerce Marketing (DTCM). Furthermore, DTCM said the number of hotels and hotel apartments was expected to rise to 488 in the next two years, compared to 452 in 2007, with the number of hotel rooms climbing to 64,179 in 2010 from 51,168 last year! Khalid Ahmed bin Sulayem, Director General of DTCM had this to say:
"We are on track to move Dubai up the ladder on the global tourism map, and continue to provide direction to consolidate the Emirate's position as the tourism hub not just of the region but of the world."
No other area in the world even comes close to spending the kind of money on entertainment and leisure projects that the UAE/Gulf is spending. Not China. Not India. Not the USA. The future of world tourism and entertainment is the UAE/Gulf.
UPDATE- 6/19/08:
This morning, the day after I did this post, while I was checking over all the latest UAE news, I see that the United Kingdom's leading event organizer - CMPi - has announced the launch of the 'Middle East Attractions, Amusements, Parks, Leisure and Entertainment International Trade Exhibition (MEAPPLE)' that is scheduled to take place on November 17th and 18th at the Abu Dhabi National Exhibition Centre (ADNEC).
MEAPPLE has been launched because of the incredible boom in entertainment and leisure Mega Projects being developed in The Gulf. Chris Fountain, Director of CMPi, stated:
"The region is experiencing one of the great economic booms and MEAPPLE is being launched to enable international companies to develop contacts and deliver business in this key growth market."
Monday, June 16, 2008
The Mega Developers: Tatweer
Tatweer was formed in 2005 as a division of Dubai Holding. Tatweer is a huge mutli-billion dollar Dubai conglomerate whose companies are involved in 6 major market sectors:
1. Leisure and Entertainment
2. Real Estate
3. Hotels and Hospitality
4. Industry
5. Energy Trading
6. Healthcare
From Tatweer:
'Launched in December 2005, Tatweer has given life to the Dubai Vision. Powering mega-industries, molding ultra-luxurious enclaves from barren desert, creating world-class facilities for Emiratis and expatriates alike.
'As the strategic and operational driver of a select group of Dubai Holding entities, Tatweer's mission is to develop new markets to serve Dubai's unprecedented progress. A mission already accomplished through its market-leading entities:
> The Tiger Woods Dubai
> DreamWorks
> Dubai Healthcare City
> Dubai Energy
> Dubailand
> Universal Studios
> Bawadi
> Global Village
> Dubai Industrial City
> Mizin
> Tatweer Lammtara Joint Venture
> The Dubai Mercantile Exchange
'As the Dubai Vision continues to captivate the world, Tatweer pushes on to create its physical manifestations in Energy and Healthcare, Tourism and Entertainment, Industry, and Real Estate. And other forthcoming projects that will bear Tatweer's mark of world-class excellence.'
WOW! Talk about having a "No Limits" attitude!
The largest and grandest of all the Tatweer Mega Projects is of course Dubailand. This is the biggest and most expensive Mega Entertainment Project in world history! Dubailand will be twice the size of Disney World and the current estimated cost of Dubailand is $103Billion. At this cost Dubailand is the second most expensive Mega Project ever built. Number one is King Abdullah Economic City in Saudi Arabia coming in at $120Billion! However I think that with new projects always being announced for Dubailand that its final cost will be in the area of $140-$150Billion, making it number one.
The importance of Dubailand to Dubai, the UAE and the entire Middle East cannot be emphasized enough. Dubailand is the Mega Project that will really bring the millions and millions of tourists to Dubai. It will make Dubai into the world's greatest tourist destination, in my opinion. And with all of those tourists flocking to Dubai there will be a "spillover effect" into the other Emirates, and other parts of The Gulf as well. Thus Tatweer, as the developer of Dubailand, becomes one of the most important Mega Developers in the entire Middle East - just as important as Emaar and Nakheel - I think.
Many of the Mega Projects being developed by Tatweer will actually be part of Dubailand. For example, Bawadi - the largest strip entertainment destination in the world - is part of Dubailand. Dreamworks, Universal Studios, Six Flags and Global Village are also part of Dubailand.
The real estate division of Tatweer is called Mizin, which has 4 gigantic projects in development:
- Remraam. A huge upscale community with residences to be offered at an affordable price. Located next to Arabian Ranches and close to Mall of Arabia and Golf City. I will be doing an in depth post on Remraam shortly.
- Arjan. A master planned community near Dubailand that will be home to 67,000 residents as well as 6 office towers and a variety of retail and hospitality developments.
- Liwan. A $2Billion development that will be the "Gateway To Dubailand" and be close to all major Dubailand attractions.
- Majan. This project is actually Downtown Dubailand and will have an area of 16.5 million sq feet and cost approximately $7.25Billion.
I think I have given you some idea of the size, scope and importance of the Tatweer Mega Projects. Tatweer is without a doubt one of the greatest Gulf Mega Developers and is building a bright future for all of the Middle East!
This link takes you to the Tatweer website:
http://www.tatweerdubai.com/En/Home.aspx
This link takes you to the Dubailand website:
http://www.dubailand.ae/
...and this link takes you to the Mizin website:
http://www.mizin.ae/
1. Leisure and Entertainment
2. Real Estate
3. Hotels and Hospitality
4. Industry
5. Energy Trading
6. Healthcare
From Tatweer:
'Launched in December 2005, Tatweer has given life to the Dubai Vision. Powering mega-industries, molding ultra-luxurious enclaves from barren desert, creating world-class facilities for Emiratis and expatriates alike.
'As the strategic and operational driver of a select group of Dubai Holding entities, Tatweer's mission is to develop new markets to serve Dubai's unprecedented progress. A mission already accomplished through its market-leading entities:
> The Tiger Woods Dubai
> DreamWorks
> Dubai Healthcare City
> Dubai Energy
> Dubailand
> Universal Studios
> Bawadi
> Global Village
> Dubai Industrial City
> Mizin
> Tatweer Lammtara Joint Venture
> The Dubai Mercantile Exchange
'As the Dubai Vision continues to captivate the world, Tatweer pushes on to create its physical manifestations in Energy and Healthcare, Tourism and Entertainment, Industry, and Real Estate. And other forthcoming projects that will bear Tatweer's mark of world-class excellence.'
WOW! Talk about having a "No Limits" attitude!
The largest and grandest of all the Tatweer Mega Projects is of course Dubailand. This is the biggest and most expensive Mega Entertainment Project in world history! Dubailand will be twice the size of Disney World and the current estimated cost of Dubailand is $103Billion. At this cost Dubailand is the second most expensive Mega Project ever built. Number one is King Abdullah Economic City in Saudi Arabia coming in at $120Billion! However I think that with new projects always being announced for Dubailand that its final cost will be in the area of $140-$150Billion, making it number one.
The importance of Dubailand to Dubai, the UAE and the entire Middle East cannot be emphasized enough. Dubailand is the Mega Project that will really bring the millions and millions of tourists to Dubai. It will make Dubai into the world's greatest tourist destination, in my opinion. And with all of those tourists flocking to Dubai there will be a "spillover effect" into the other Emirates, and other parts of The Gulf as well. Thus Tatweer, as the developer of Dubailand, becomes one of the most important Mega Developers in the entire Middle East - just as important as Emaar and Nakheel - I think.
Many of the Mega Projects being developed by Tatweer will actually be part of Dubailand. For example, Bawadi - the largest strip entertainment destination in the world - is part of Dubailand. Dreamworks, Universal Studios, Six Flags and Global Village are also part of Dubailand.
The real estate division of Tatweer is called Mizin, which has 4 gigantic projects in development:
- Remraam. A huge upscale community with residences to be offered at an affordable price. Located next to Arabian Ranches and close to Mall of Arabia and Golf City. I will be doing an in depth post on Remraam shortly.
- Arjan. A master planned community near Dubailand that will be home to 67,000 residents as well as 6 office towers and a variety of retail and hospitality developments.
- Liwan. A $2Billion development that will be the "Gateway To Dubailand" and be close to all major Dubailand attractions.
- Majan. This project is actually Downtown Dubailand and will have an area of 16.5 million sq feet and cost approximately $7.25Billion.
I think I have given you some idea of the size, scope and importance of the Tatweer Mega Projects. Tatweer is without a doubt one of the greatest Gulf Mega Developers and is building a bright future for all of the Middle East!
This link takes you to the Tatweer website:
http://www.tatweerdubai.com/En/Home.aspx
This link takes you to the Dubailand website:
http://www.dubailand.ae/
...and this link takes you to the Mizin website:
http://www.mizin.ae/
Friday, June 13, 2008
Top 50 Gulf Mega Developers
In this post I will give you my list of the Top 50 Mega Developers of The Gulf. I think you will find this list quite interesting. These are the companies that are literally "Building The Future" of the Middle East. These developers are CREATING HISTORY with Mega Projects so awesome that nothing like them has ever been seen before! Examples include: The Palm and World Islands, Burj Dubai, Burj Al Alam, Al Burj, Dubailand, Reem Island, Al Zorah, The Pearl Qatar...etc., etc.
A few points to consider. First, there are many more than 50 great developers in The Gulf and therefore my list of the "Top" 50 is my own opinion based on my knowledge of the developers and the projects they are creating. By no means is this list "etched in stone." If any of you think I missed an important company that belongs on The Top 50, just send me an email, or make a comment, and I will look into it.
Point two. Although the developers are listed 1 through 50, their order on the list is not meant to be a hierarchy of importance. Therefore, just because Hydra Properties is #21 on the list and RAKEEN is #41, this does mean that Hydra is any more important than RAKEEN. I put Emaar at #1 and Nakheel at #2, but this could easily be reversed as some would consider Nakheel to be #1... or even Tatweer because of the importance of their Dubailand development to the region. What is most important to remember is that THEY ARE ALL GREAT COMPANIES!
TOP 50 GULF MEGA DEVELOPERS
1. Emaar
2. Nakheel
3. ALDAR
4. Tatweer
5. DAMAC
6. Tameer
7. Dubai Properties
8. Abyaar
9. Limitless
10. Omniyat Properties
11. Al-Futtaim Group
12. Sorouh
13. Tamouh
14. Al Habtoor Group
15. Star Giga
16. Deyaar
17. Al Mazaya Holding
18. Sama Dubai
19. Union Properties
20. First Qatar
21. Hydra Properties
22. Al Rostamani Group
23. Plus Properties
24. Diamond Investments
25. KM Holding
26. Al Hanoo
27. SNASCO
28. Tanmiyat Group
29. MBI International
30. Solidere
31. IRIS
32. Saba Properties
33. First Bahrain
34. RAK Properties
35. Saraya Holdings
36. Gulf Holding Company
37. Tamweel
38. High Rise Properties
39. Schon Properties
40. Al Qudra Real Estate
41. RAKEEN
42. BARWA
43. Dar Al-Arkan
44. Burooj Properties
45. Tamdeen Group
46. Reem Investments
47. Al Manal Development
48. Al Fara'a Properties
49. ACI Real Estate
50. Aqaar
A few points to consider. First, there are many more than 50 great developers in The Gulf and therefore my list of the "Top" 50 is my own opinion based on my knowledge of the developers and the projects they are creating. By no means is this list "etched in stone." If any of you think I missed an important company that belongs on The Top 50, just send me an email, or make a comment, and I will look into it.
Point two. Although the developers are listed 1 through 50, their order on the list is not meant to be a hierarchy of importance. Therefore, just because Hydra Properties is #21 on the list and RAKEEN is #41, this does mean that Hydra is any more important than RAKEEN. I put Emaar at #1 and Nakheel at #2, but this could easily be reversed as some would consider Nakheel to be #1... or even Tatweer because of the importance of their Dubailand development to the region. What is most important to remember is that THEY ARE ALL GREAT COMPANIES!
TOP 50 GULF MEGA DEVELOPERS
1. Emaar
2. Nakheel
3. ALDAR
4. Tatweer
5. DAMAC
6. Tameer
7. Dubai Properties
8. Abyaar
9. Limitless
10. Omniyat Properties
11. Al-Futtaim Group
12. Sorouh
13. Tamouh
14. Al Habtoor Group
15. Star Giga
16. Deyaar
17. Al Mazaya Holding
18. Sama Dubai
19. Union Properties
20. First Qatar
21. Hydra Properties
22. Al Rostamani Group
23. Plus Properties
24. Diamond Investments
25. KM Holding
26. Al Hanoo
27. SNASCO
28. Tanmiyat Group
29. MBI International
30. Solidere
31. IRIS
32. Saba Properties
33. First Bahrain
34. RAK Properties
35. Saraya Holdings
36. Gulf Holding Company
37. Tamweel
38. High Rise Properties
39. Schon Properties
40. Al Qudra Real Estate
41. RAKEEN
42. BARWA
43. Dar Al-Arkan
44. Burooj Properties
45. Tamdeen Group
46. Reem Investments
47. Al Manal Development
48. Al Fara'a Properties
49. ACI Real Estate
50. Aqaar
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