Dubai Marina Top 10

Dubai Marina is one of the world's great Mega Projects. Master-Developed by Emaar, Dubai Marina is one of the most spectacular marinas in the Middle East. In fact I would take that a step further and say Dubai Marina is one of the most spectacular marinas in the entire world. There is an enormous amount of real estate development going on at Dubai Marina. In this post I am going to give you my Top 10 real estate developments in the Marina, the projects I consider the Best Of The Best. I will list each of my ten project choices along with the developer of the project and then give you a short explanation of why I like the project so much. After that a more complete description is given directly from the developer's website followed by a link to the site where you can get more information.


1.) INFINITY TOWER, Cayan Investment & Development

A true iconic development Infinity Tower actually curves at a 90 degree angle making the tower an architectural wonder. Infinity Tower is already becoming famous internationally as another Dubai Wonder Of The World.

From The Developer:

Infinity is an 80-storey residential tower that spirals in a smooth curve by an astonishing 90 degrees to give every apartment a stunning view of the sea or marina. Infinity’s dynamic twisting shape challenges conventional architecture and redefines standards of luxury. Infinity is also situated in a key location at the mouth of Dubai Marina thus enjoying great views on to the marina, sea and The Palm.

Infinity is a true architectural vision, certain to take its place as an icon not only in Dubai but in the world. Designed by world-renowned Skidmore Owings and Merrill, also known for projects such as Burj Dubai, Trump Tower in Chicago, Jin Mao in Shanghai among many others.

http://www.infinitytower.com/index.php?id=6


2.) OCEAN HEIGHTS, DAMAC Properties

One of the most beautiful towers in Dubai. Ocean Heights twists as it rises giving the tower a stunning look that cannot be forgotten. A great tower in a great location offering first class living. Good job DAMAC.

From The Developer:

Ocean Heights, a Dubai apartment development situated in the premium acreage of Dubai, surrounded by five-star resorts, boutique hotels and breathtaking futuristic developments. Where you can choose between the refined pleasures of luxury hotels and entertainment plazas, and a sundown barbecue with your family and friends.

The majestic tower spirals skywards, creating a dramatically different view from every angle of your apartment. Gaze at the Palm Jumeirah over your morning coffee, or admire the glittering lights of Dubai in the evening.

http://www.damacproperties.com/plot-development/UAE/Dubai/Dubai-Marina/Ocean-Heights/53/overview.xhtml?p=13


3.) 23 MARINA, Hircon Group

Currently the second tallest residential tower in the world, 23 Marina is extremely impressive with a massive 6 storey high entrance. The tower is big, bold and extremely luxurious with three levels of spas, fitness centers, indoor and outdoor temperature-controlled swimming pools, lavish decks and each duplex in the tower is equipped with its own private elevator and its own plunge pool! Wow!

From The Developer:

Discover life beyond the ordinary existence known to man. Step up to 90 levels of luxury at 23 Marina. A waterfront world far above the mundane; where magnificence, opulence and convenience seamlessly blend to create an entirely new experience to living.

http://www.hircon-me.com/


4.) PRINCESS TOWER, Tameer

Princess Tower holds the record as the world's tallest residential tower making it a true architectural icon. It incorporates Arab eclectic design perfectly combining the traditional with the modern all in one spectacular tower.

From The Developer:

Princess Tower is the world's tallest residential building at 414m and 100 floors above ground! (Council on Tall Buildings and Urban Habitat and Guinness World Records - May 2012)

Rising proud among the many Dubai wonders like Burj Al Arab, Madinat Jumeirah and the Palm Jumeirah, Princess Tower is surrounded by world renowned 5-star hotels, flourishing beach resorts, cosmopolitan restaurants, stylish bars and night clubs. Princess Tower offers the mixture of a dynamic and exciting lifestyle with the calm and serenity of living by the sea.

http://www.tameer.net/princess-tower.aspx


5.) GROSVENOR HOUSE & RESIDENCE, Starwood Hotels & Resorts

One of the most luxurious developments on Dubai Marina! Tower One is home to 217 deluxe rooms, suites and 205 apartment suites. Tower Two comprises of 106 premier rooms and suites, 216 residence apartments and 5 premier villas. Guests of both towers have access to facilities in each tower including an outstanding choice of 17 lavish restaurants, world renowned business and conference facilities, swimming pools and gyms, as well as the two uniquely different spas.

From The Developer:

Introducing the new Grosvenor House and its two iconic 45 storey towers, Tower One and Tower Two, each redefining the world of luxury.

Glittering against the skyline, the Grosvenor House stands majestically as a landmark of modern elegance and grandeur in the heart of Dubai Marina.

Boasting an ideal location close to the city centre within easy reach of business and leisure facilities, the hotel is an ideal base for exploring local attractions such as the Dubai Internet City and Media City, Jebel Ali Free Zone, Emirates Golf Club, Montgomerie Golf Club, and Mall of the Emirates.

http://www.grosvenorhouse-dubai.com/


6.) ELITE RESIDENCE, Tameer

The name says it all! Elite Residence is one of the finest residential addresses in Dubai, truly for the elite. The super-tall tower has over the top luxury including indoor and outdoor swimming pools, gym and health spa, ballroom, electronic game hall, concierge service and even a business center. A true Dubai Marina landmark development.

From The Developer:

Standing amongst prominent Dubai landmarks such as Palm Jumeirah, Burj Al Arab and Madinat Jumeirah, Elite Residence combines the best a modern city life has to offer, blending Dubai's energetic and dynamic buzz with the calm and tranquility of laidback living by the sea. Just moments away from the world's most luxurious hotels, exclusive clubs and high class shopping destinations, Elite Residence is centered in one of the most envied neighborhoods in Dubai.

Situated in the heart of one of the most renowned destinations in Dubai, Elite Residence is a spectacular new addition to the Marina's dazzling skyline, and one of its most sought after residential properties. Amongst the world's tallest buildings, Elite Residence reaches high above the exclusive Dubai Marina. The imposing 91-storey tower makes a statement of luxury living in a city that has it all.

http://www.tameer.net/elite-residence.aspx


7.) THE TORCH, Select Group

The Torch is a Dubai Marina monument and one of the tallest residential towers in the world. The tower has superlative design thanks to the architects Khatib & Alani as well as first class amenities. It is one of Dubai Marina's finest developments.

From The Developer:

The Torch is destined to become a defining landmark on the rapidly growing Dubai skyline. The Torch is the first freehold development fully conceived, project managed and promoted by the Select Group. With an impressive height of 351 meters, this residential super tower boasts 86 floors consisting of 658 apartments. Located in one of the much envied positions of Dubai Marina, this development possesses stunning views spanning the length of the marina itself across Jumeirah Beach and beyond.

Designed specifically by award winning architects Khatib & Alami to compliment this fantastic marina location, the development offers its residents luxurious amenities including 24 hour security, concierge desk and valet service.

http://www.select-group.ae/torch.html


8.) BAY CENTRAL, Select Group

A unique 3 tower development, Bay Central offers two residential towers and the third tower will be home to the Renaissance Dubai Marina Hotel. Bay Central is a very well rounded upscale development and one of Dubai Marina's best.

From The Developer:

Bay Central is one of the most iconic mixed use developments undertaken by Select Group. A focal point in itself, Bay Central occupies the foremost position in Dubai Marina. The presence of a five star hotel within the development ensures its title as “The Jewel of Dubai Marina.” Located in district 8 at plot V,W,X, this exclusive development of 3 towers will share a common podium. The West and Central Towers are residential while the East Tower is designed to be a five star hotel & apartments, each offering magnificent panoramic views.

http://www.select-group.ae/bayCentral.htm


9.) AL FATTAN MARINA TOWERS, Al Fattan Properties

Two of the most impressive towers in Dubai, one called the Al Fattan Tower and the other called Oasis Beach Tower. They look like something from the future with their cutting edge design. Great location with great views and first class amenities.

From The Developer:

The stunning and majestic Al Fattan Marina Towers stand 50 storeys high overlooking both the Arabian Gulf and the newly developed Dubai Marina lagoon inlet. Located in the heart of The Jumeriah Beach Residence development. The two kilometer strip of retail shops, international hotels, boat marina and beach clubs makes this development one of Al Fattan's most talked about and envied properties.

http://www.alfattan.ae/projects.html


10.) SILVERENE TOWERS, Cayan Investment & Development

The Silverene Towers always look fantastic to me. They were built with a special proprietary interior treatment of glass and mirrors that reflect the blue waters of Dubai Marina and maximize the views on each floor of the development. Silverene offers top of the line Dubai Marina living.

From The Developer:

Designed by RMJM, one of the world’s top architects, this marvel of architecture offers 35 floors in Tower A and 26 floors in Tower B. Silverene is located in Dubai Marina, possibly the world’s most exclusive waterfront development, where a stylish, sophisticated lifestyle has been created to delight its residents. In between the new Marina Mall and Al Majara community, Silverene enjoys boat harbors in front of the towers and is only minutes away from one of the region's largest boat harbors.

Within the towers, you have a large swimming pool, a kids pool, sun deck, and a state-of-the-art gymnasium in each tower. Residents can indulge and enjoy the towers’ coffee shops, restaurants and retail outlets. And in each apartment, floor to ceiling windows give residents a panoramic visual treat. Fully equipped kitchen, high-end finishes and fittings enhance the cutting-edge design.

http://www.silverenedubai.com/

Park Towers at Dubai International Financial Centre

Park Towers, located in the Dubai International Financial Centre(DIFC), has to be one of the most beautiful and functional real estate developments ever built in Dubai. It is one of my personal favorites and in my November 27, 2011 post entitled 'My 12 Favorite Mega Projects For 2012' I chose Park Towers as one of the twelve. Park Towers has been developed by DAMAC, one of the leading developers of Dubai real estate, and designed by the architectural firm Gensler of San Francisco. DAMAC has developed some of Dubai's best real estate projects including: Ocean Heights, Business Tower, Emirates Gardens, Executive Heights, Marina Terrace and many others.

DIFC OVERVIEW:

DIFC is a financial free zone aiming to position Dubai as a universally recognized hub for high finance. The mission of the DIFC is to be a catalyst for regional economic growth, development and diversification by functioning as a globally recognized regional financial centre akin to Wall Street in the USA, Hong Kong in Asia and London in Europe. DIFC is being developed as a city within a city and is an ideal location for a business and/or residence in Dubai.

PARK TOWERS OVERVIEW FROM DAMAC:

A two tower mixed-use project in the heart of DIFC with a freehold facility for UAE nationals and expatriates, Park Towers is one of the most architecturally impressive properties in Dubai. Each tower is 49 storeys high, and offers exquisitely designed 1, 2 & 3 bedroom Dubai apartments.

Park Towers at DIFC offers panoramic views of the financial hub and provides for the ultimate in exclusivity and comfort. With a choice of 1, 2 & 3 bedroom apartments in various configurations, the residences at DIFC are bound to appeal to discerning tastes. The two towers are designed to provide a luxurious yet comfortable apartment - a masterpiece of contemporary architecture and distinct styling.

The intelligent design of the towers ensures that every apartment has a wide balcony offering the freedom to relax and enjoy the stunning views of the financial district, with its parks, cafés and entertainment facilities.

PARK TOWERS FEATURES:

~ State Of The Art Office Space Located on First 5 Floors of Each Tower
~ Temperature Controlled Pool
~ Tennis Court and Barbecue Area
~ Health Club and Gymnasium
~ Spacious Steam and Sauna Room
~ Jacuzzi
~ Banquet Hall
~ Meeting Rooms
~ Shopping Boulevard
~ Restaurants
~ Concierge Desk with 24-Hour Service
~ Professional Housekeeping
~ Individual Post Boxes
~ Secured Parking Bay for Residents
~ 24 Hour Security
~ Panoramic Views of Dubai

"Park Towers was designed with the corporate executive in mind. It is a high-end mixed-use development which was designed to allow its residents to live, work and play within the perimeter of the development, whilst being within walking distance of the Dubai International Financial Centre and all it has to offer" said Niall Mc Loughlin Senior Vice President of DAMAC.

Park Towers is such a superlative development that it received a total of three Arabian Property Awards in the categories of 'Best High Rise Architecture,' 'Best Mixed-Use Development,' and 'Best Commercial High Rise Development.' In addition, Park Towers received 'World’s Best' in the 'Best Mixed-Use Development' category at the prestigious International Property Awards in London!

Park Towers stands out to me as a shining example of Dubai real estate development at its best. As I have said before I believe that Dubai real estate is at the beginning of a new 5-10 year upward cycle, and projects like Park Towers will lead the way!

Here is a link to the Park Towers section of the DAMAC website:
http://www.damacproperties.com/plot-development/UAE/Dubai/DIFC/Park-Towers/59/overview.xhtml?p=0

Billionaires Of The Middle East - Arab Billionaire List

In this post I will cover the richest people in the Middle East, the Billionaires. These are the movers and shakers of the region and many of them are either directly or indirectly involved in the Mega Project real estate developments of the UAE and the entire MENA Region. Two very reliable sources were used for gathering the information in this post, ArabianBusiness.com and Forbes.com. You should note that the net worth of the Billionaires is always changing due to the ever changing economic climate of the world so the net worth given for each Billionaire is an estimate only. Also remember that there are still Billionaires in the Middle East that have not as yet been discovered. 


SAUDI ARABIA:

Prince Alwaleed bin Talal Al Saud, $21.3 Bil

King Abdullah bin Abdulaziz Al Saud, $18 Bil

Mohamed Al Jaber, $12.75 Bil

Olayan Family, $12.4 Bil

Issam Alzahid, $10.7 Bil

Mohammed Al Amoudi, $10.4 Bil

Bin Ladin Family, $7.25 Bil

Bugshan Family, $7 Bil

Al Juffali Family, $6.2 Bil

Tareq Abdullah Al Qahtani, $6.1 Bil

Sulaiman Al Rajhi, $5.95 Bil

Mohamed Abdul Latif Jameel, $5.3 Bil

Mubarak Al Suwaiket, $5 Bil

Naghi Family, $5 Bil

Abdullah Al Rushaid, $4.6 Bil

Mohammed Sharbatly, $4 Bil

Mohammad Jamjoom, $3.8 Bil

Abdullatif Al Fozan, $3.45 Bil

Abdullah Al Othaim, $3.35 Bil

Ahmed Baeshen, $3.3 Bil

Adel Aujan, $3.25 Bil

Saedan Family, $3.10 Bil

Abdulaziz Al Sulaiman, $3 Bil

Hussein Gazzaz, $2.8 Bil

Osama Abudawood, $2.75 Bil

Mohammed Elkhereiji, $2.6 Bil

Mansour Ojjey, $2.6 Bil

Al Zamil Family, $2.4 Bil



KUWAIT:

Bukhamseen Family, $7.25 Bil

Faisal Al Ayyar, $3.25 Bil

Bassam Alghanim, $1.6 Bil

Kutayba Alghanim, $1.6 Bil

Fawzi Al-Kharafi, $1.2 Bil

Jassim Al-Kharafi, $1.2 Bil

Mohannad Al-Kharafi, $1.2 Bil



EGYPT:

Nassef Sawiris, $5.1 Bil

Naguib Sawiris, $3.1 Bil

Onsi Sawiris, $2.9 Bil

Mohammed Shafik Gabr, $2 Bil

Mohamed Mansour, $1.7 Bil

Yasseen Mansour, $1.6 Bil

Youssef Mansour, $1.5 Bil

Mohamed Al Fayed, $1.3 Bil



UAE:

Sheikh Khailfa bin Zayed Al Nahayan, $15 Bil

Abdulaziz Al Ghurair, $6.1 Bil

Majid Al Futtaim, $5.8 Bil

Abdullah Al Futtaim, $5.2 Bil

Sheikh Mohammed bin Rashid Al Maktoum, $4.5 Bil

Gargash Family, $3.9 Bil

Saif Al Ghurair, $2 Bil



LEBANON:

Saad Hariri, $3.8 Bil

Bahaa Hariri, $3.35 Bil

Ayman Hariri, $3.15 Bil

Najib Mikati, $3Bil

Taha Mikati, $3Bil

Fahd Hariri, $1.4 Bil



QATAR:

Omar Hamad Almana, $4.5 Bil

Alfardan Family, $3.42 Bil

Al Darwish Family, $2.55 Bil

Sheikh Hamad bin Khalifa Al Thani, $2.4 Bil



PALESTINE:

Said Khoury, $6.5 Bil

Mohammad Abu Ghazaleh, $2.4 Bil



BAHRAIN:

Kanoo Family, $6 Bil



JORDAN:

Shoman Family, $4.2 Bil



SYRIA:

Wafic Said, $2.7 Bil



++ OTHERS WHO PROBABLY BELONG ON THE LIST:

Al Sabah Family / Kuwait / estimate range: $350 Mil - $100 Bil

Al Habtoor Family / UAE / estimate range: $1.3 Bil - $2 Bil

Khashoggi Family / Saudi Arabia / estimate range: $500 Mil - $1.3 Bil

Sultan Qaboos bin Said / Oman / estimate range: $700 Mil - $1 Bil

~ Note that the estimates for the above 4 come from a variety of sources and I don't know how accurate they are. For example, the Al Sabah Family of Kuwait has a huge range of between $350 Mil and some sources say their wealth is as high as $90-$100 Bil.


++ IRAN AND IRAQ:

I could find no evidence of there being any Billionaires in Iran or Iraq, but of course there could be some whose wealth is hidden. There are however a number of expat Iranian and Iraqi Billionaires including Nasser Khalili(Iran) and Nadhmi Auchi(Iraq).


++ CARLOS SLIM HELU:

Currently he is the richest man in the world with an estimated net worth of $73 Bil. Both of Mr. Helu's parents are Lebanese however Mr. Helu was born in Mexico, not Lebanon. Therefore he is not considered a Billionaire of the Middle East.

Cityscape Qatar 2012

Qatar is booming with Mega Project real estate development! Qatar has so much going on in the real estate industry right now that Cityscape, developer of the largest real estate events in the region, created a real estate event specifically for Qatar: Cityscape Qatar 2012 which took place last month on May 23-25. It was a groundbreaking event for Qatar and what follows are some excerpts from press releases given at the event which will give you a better idea of what exactly went on:

'The exhibition featured more than 100 companies, including some of the biggest Qatari developers and investors along with other industry leaders, such as Barwa Group, Ezdan Real Estate, Al Wa’ab City, the United Development Company, Al Khaliji bank and Commercial Bank. Cityscape Qatar also welcomed major regional and international project management specialists and service providers. The exhibition was visited by more than 7,000 visitors over the three days.

'The inaugural Qatar Real Estate Summit, taking place alongside the exhibition, was a phenomenal success, attended by more than 250 delegates. The conference hosted insightful discussions from industry leaders about the strategies that will ensure Qatar’s successful growth under the 2030 Vision.

'High visitor numbers were complimented by strong international media attendance. Barwa Real Estate Group showcased a major announcement, inaugurating their latest community-oriented residential property, the Lusail Golf Residential Development. The project will cover an area measuring 3,659,736 square meters. Thirty-one per cent of the Lusail Golf Residential Development is allocated to residential areas and 69% to sports facilities and green areas, including a Greg Norman designed golf course.

'Ezdan Real Estate Company unveiled three unique new projects. Ezdan City in the al Wakair area will be built on an area of 964,422 square meters and includes a full service-integral city containing 200 residential buildings, as well as other services and facilities, including schools, malls, and sport clubs. Ezdan will also develop a top end Boutique Hotel on a 10,000 square meter site in the al Ghrafa area; and a new commercial market in al Wakair, built on a land area of 24,679 square meters, and with building space of 25,126 square meters.

'Reflecting on the success of both the exhibition and the Summit, Rohan Marwaha, Managing Director for Cityscape Group at Informa, said: “The opportunities in Qatar for everyone connected with the real estate business are limitless and exhibitors have told us their experience here has been excellent. For those based in Doha, and for those coming to see it for the first time, everyone has gained incredibly useful insight into how Qatar is growing and the relationships made at Cityscape Qatar will truly help to shape the future development of this country under its 2030 Vision,” he said.'

What follows is a partial list of the high level exhibitors that attended the event:

~ Al Khalij Commercial Bank

~ Al Waab City

~ Amar City Real Estate Properties

~ Arab Engineering Bureau

~ Barwa Real Estate Company

~ Bawabat Al Shamal Real Estate Company

~ CKR Consulting Engineers

~ Commercial Bank of Qatar

~ Dewan Architects & Engineers

~ Dlala Real Estate Co

~ Ezdan Real Estate Qatar

~ First Qatar Real Estate Development Company

~ Forbes Middle East Magazine

~ KEO International Consultants

~ Kings Land Global

~ LW Design Group LLC

~ MAF Investment Holding

~ Mazaya Qatar Real Estate Development

~ Mirage International Property Consultant

~ P&T Architects and Engineers

~ Qatar Coral For Real Estate Development

~ Qatar National Bank

~ RSP Architects Planners & Engineers

~ S.S.Lootah Group

~ TIME Qatar

~ Top Real Estate Group

~ United Development Company

~ Zawya
 
Cityscape Qatar link:
http://www.cityscapeqatar.com/

The Mega Talls-- 50 Tallest Skyscrapers of the MENA Region

Some of the most impressive and spectacular Mega Projects of the UAE/GCC/MENA Region are the incredible Mega Tall skyscrapers. These skyscrapers are monuments to the growth and expansion of the Middle East. What follows are the 50 tallest skyscrapers of the MENA Region. The heights of each building are given in both meters (m) and feet (ft) followed by the number of floors and the completion date of the skyscraper. The UAE is by far the skyscraper leader, with most of the skyscrapers located in Dubai.

1. Burj Khalifa Dubai (UAE) 828 m 2717 ft 163 floors 2010

2. Al Hamra Firdous Tower Kuwait City (Kuwait) 413 m 1354 ft 80 floors 2011

3. 23 Marina Dubai (UAE) 393 m 1289 ft 90 floors 2012

4. Almas Tower Dubai (UAE) 360 m 1181 ft 68 floors 2008

5. Emirates Tower One Dubai (UAE) 355 m 1163 ft 54 floors 2000

6. The Torch Dubai (UAE) 337 m 1105 ft 79 floors 2011

7. Rose Rayhaan by Rotana Dubai (UAE) 333 m 1093 ft 71 floors 2007

8. The Index Dubai (UAE) 326 m 1070 ft 80 floors 2010

9. Burj Al Arab Hotel Dubai (UAE) 321 m 1053 ft 60 floors 1999

10. HHHR Tower Dubai (UAE) 318 m 1042 ft 72 floors 2010

11. Ocean Heights Dubai (UAE) 310 m 1017 ft 83 floors 2010

12. Emirates Tower Two Dubai (UAE) 309 m 1014 ft 56 floors 2000

13. Etihad Towers T2 Abu Dhabi (UAE) 305 m 1002 ft 80 floors 2011

14. Kingdom Centre Riyadh (Saudi Arabia) 302 m 992 ft 41 floors 2002

15. The Address Dubai (UAE) 302 m 991 ft 63 floors 2008

16. Arraya Tower Kuwait City (Kuwait) 300 m 984 ft 60 floors 2009

17. Aspire Tower Doha (Qatar) 300 m 984 ft 36 floors 2007

18. Emirates Crown Dubai (UAE) 296 m 971 ft 63 floors 2008

19. Khalid Al Attar Tower 2 Dubai (UAE) 294 m 965 ft 66 floors 2011

20. Sky Tower Abu Dhabi (UAE) 292 m 959 ft 74 floors 2010

21. Millennium Tower Dubai (UAE) 285 m 935 ft 59 floors 2006

22. Sulafa Tower Dubai (UAE) 285 m 935 ft 75 floors 2010

23. Marina Pinnacle Dubai (UAE) 280 m 919 ft 73 floors 2011

24. Etihad Towers T1 Abu Dhabi (UAE) 278 m 911 ft 69 floors 2011

25. Hotel JAL Tower Dubai (UAE) 269 m 883 ft 60 floors 2010

26. 21st Century Tower Dubai (UAE) 269 m 883 ft 55 floors 2003

27. Al Faisaliah Center Riyadh (Saudi Arabia) 267m 876 ft 30 floors 2000

28. Al Kazim Tower 1 Dubai (UAE) 265 m 869 ft 53 floors 2008

29. Al Kazim Tower 2 Dubai (UAE) 265 m 869 ft 53 floors 2008

30. U-Bora Tower 1 Dubai (UAE) 263 m 862 ft 58 floors 2011

31. Etihad Towers T3 Abu Dhabi (UAE) 260 m 854 ft 60 floors 2011

32. Vision Tower Dubai (UAE) 260 m 853 ft 60 floors 2011

33. Dual Towers 1 Manama (Bahrain) 260 m 853 ft 53 floors 2007

34. Dual Towers 2 Manama (Bahrain) 260 m 853 ft 53 floors 2007

35. Al Marsa Tower Dubai (UAE) 254 m 833 ft 63 floors 2007

36. Al Fardan Residences Doha (Qatar) 253 m 831 ft 64 floors 2009

37. Chelsea Tower Dubai (UAE) 250 m 820 ft 49 floors 2005

38. Rolex Tower Dubai (UAE) 247 m 810 ft 59 floors 2010

39. Al Fattan Tower Dubai (UAE) 245 m 804 ft 51 floors 2006

40. Oasis Beach Tower Dubai (UAE) 245 m 804 ft 51floors 2006

41. Palm Tower 1 Doha (Qatar) 244 m 802 ft 58 floors 2011

42. Palm Tower 2 Doha (Qatar) 244 m 802 ft 57 floors 2011

43. Arenco Tower Dubai (UAE) 244 m 800 ft 46 floors 2008

44. The Tower Dubai (UAE) 243 m 796 ft 54 floors 2002

45. United Tower Kuwait City (Kuwait) 240 m 787 ft 60 floors 2011

46. Bahrain World Trade Center 1 Manama (Bahrain) 240 m 787 ft 45 floors 2008

47. Bahrain World Trade Center 2 Manama (Bahrain) 240 m 787 ft 45 floors 2008

48. Sun Tower Abu Dhabi (UAE) 238 m 779 ft 64 floors 2010

49. Burj Qatar Doha (Qatar) 236 m 773 ft 46 floors 2011

50. Churchill Residence Dubai (UAE) 235 m 771 ft 61 floors 2010

Dubai Is Coming Back!

I think the worst has passed for Dubai. I think the downtrend in the real estate market is finally over and we are at the beginning of a new five to ten year upward cycle. I am seeing more and more interest and investment in Dubai real estate. Mega Projects which had been put on hold are being started up again and new Mega Projects are being announced, the most recent being the underwater Discus Hotel.

What I will give you now are excerpts of recent articles relating to the positive direction of the Dubai real estate sector. Each excerpt has a link to the complete article which you can read at your leisure.

> DPG PLANS TO GO AHEAD WITH ALL MEGA PROJECTS

Khaleej Times:

Signaling the beginning of Dubai's property sector's long awaited revival, a leading master developer said on Tuesday that it would go ahead with all its mega projects that have been stalled or delayed amid the financial meltdown.

Dubai Properties Group, or DPG, a pioneering community developer, said it would complete all projects it had announced as it saw a reemergence of investor confidence restoring vibrancy in the property market.

http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2012/May/uaebusiness_May47.xml&section=uaebusiness

> 291 PROJECTS ON HOLD LIKELY TO QUALIFY FOR RESTART

Emirates 24/7:

A total of 291 projects are on hold in Dubai as of March 31, 2012 – but are likely to see the light of day.

Each of these 291 registered projects are likely to qualify for either the Tayseer or the Tanmia initiative, the Dubai Land Department (DLD) has stated in the planned sovereign bond prospectus.

This year, as per the prospectus, the Tanmia initiative is expected to include 33 projects, two of which have been launched. The initiative is designed to increase investor confidence in those projects, which the Dubai Land Department has identified as qualifying for the Tanmia program.

http://www.emirates247.com/property/real-estate/291-projects-on-hold-likely-to-qualify-for-restart-2012-04-26-1.455779

> THE REAL ESTATE BOOM IS BACK TO DUBAI

Dubai Chronicle:

Nakheel sold 21 townhouses for a total of Dh159 million in Palma Residences, Palm Jumeirah, on the first day of sales opening.

"We were just expecting people to come and gather information, but we managed to sell properties on day one itself," commented Nakheel's Chairman Ali Rashid Lootah.

http://www.dubaichronicle.com/2012/04/03/real-estate-boom-dubai/

> DUBAI'S EMAAR POSTS 44% RISE IN Q1 PROFIT

ArabianBusiness.com:

Dubai's Emaar Properties, builder of the world's tallest tower, reported a 44 percent rise in first-quarter net operating profit on Saturday on increased property sales in Dubai and strong revenue from shopping malls business.

The UAE's largest developer by market value made a net operating profit of AED606m ($165m), compared to AED421m during the same period last year, it said in an emailed statement.

http://www.arabianbusiness.com/dubai-s-emaar-posts-44-rise-in-q1-profit-455631.html

> NAKHEEL SCOOPS US$23.6M FROM PALM LAND SALE

ArabianBusiness.com:

Dubai’s Nakheel has sold a 60,000 sq ft plot of land on its flagship development, the Palm Jumeirah, for AED87m (US$23.6m), the firm said Tuesday.

The sale of the land, opposite the Atlantis, The Palm hotel, is a sign of “renewed investor confidence in Dubai real estate,” the government-owned developer said in a statement.

“We have seen a very healthy demand in the first quarter of 2012, and this looks set to continue for the year,” a Nakheel spokesperson said.

http://www.arabianbusiness.com/nakheel-scoops-us-23-6m-from-palm-land-sale-454315.html

> LET'S FORGET ABOUT 2008, URGES NAKHEEL CHAIRMAN

ArabianBusiness.com:

“We (Nakheel) achieved profit of AED1.28bn (US$348.5m)… It has been a good year. We have been doing fantastic across the board, across all of our areas… It is a big sign of the recovery of the market,” he says.

“We see the demand for our properties increase and I can also assure you that 2012, from the early figures we have, is going to be even much better.”

That is partly because, according to Lootah himself, Nakheel has managed to slash contractors’ claims down to just fifteen percent. Within a few short years, Lootah has turned the company around and brought it through a painful restructuring process.

http://www.arabianbusiness.com/-let-s-forget-about-2008-urges-nakheel-chairman-455513.html

> DUBAI DEAL ON UNDERWATER HOTELS AND FLOATING CITIES

Chicago Tribune:

Dubai is all set to open newer horizons in the tourism and hospitality sector with a novel initiative to develop underwater hotels.

Drydocks World, the shipbuilding arm of Dubai World, said on Wednesday it has signed a deal with Big Invest Consult, a Swiss company, to develop underwater hotels and floating cities.

The hotel, featuring a discus-shaped residential underwater building connected to another discus above water, will be funded by BIG Invest. The project envisages "an ultimate leisure facility with a structure that is partly above water and the rest underneath -- a residential Underwater Discus with an Above Water Discus", the company said.

http://www.chicagotribune.com/news/sns-mct-dubai-deal-on-underwater-hotels-and-floating-20120503,0,938001.story

> PALM JUMEIRAH FROND N PROJECT

ArabianBusiness.com:

One of the latest developments at Palm Jumeirah is master developer Nakheel issuing a tender for infrastructure works on Frond ‘N’. It has invited suitably-qualified contractors, licensed by Dubai’s Department of Economic Development, to bid for Tender No. N-006-4-60.

The project comprises: roads, parking, driveways and sidewalks; street lighting, stormwater drainage network; vacuum sewerage; ancillary control and monitoring system; irrigation water system and fire hydrants; utility road crossings: potable water system, electrical network; telecoms network and LPG gas house connections. The closing date for bids from interested contractors is 4 March.

http://www.arabianbusiness.com/palm-jumeirah-frond-n-project-445719.html

++ I predict that over the next five years we will see a new real estate boom emerge in Dubai and that Dubai will once again be one of the most appealing locations in the world for real estate investment and development. Time will tell if I am correct or not.

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:

 http://www.cityscapeabudhabi.com/

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.

~ ENSHAA CORPORATE PROFILE:

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.

~ CHAIRMAN'S MESSAGE:

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

~ THE ENSHAA REAL ESTATE PROJECTS:

> 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.

~ THE ENSHAA MANAGEMENT TEAM:

-- 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.

~ CONTACT:

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