Dubai is on the cusp of yet another development boom as it seeks to strengthen its position as the leading business and tourism hub in the region.
Detailing the latest investment and development opportunities in Dubai, MEED(Middle East Economic Digest) has organized Destination Dubai 2020 to dissect, along with local and international experts, the various factors that will shape Dubai’s development trajectory in the next six years.
Among the highlights of the conference presentations and panel discussions include the impact of Dubai winning its World Expo 2020 bid, with leading stakeholders from across Dubai’s key government agencies outlining their future plans in detail for the first time after securing the rights to host the expo.
The total value to the economy of staging the event has been estimated at AED143.22bn. More than 277,000 jobs would be created between 2013 and 2021 as a result, with about 40 per cent in the travel and tourism sector. For every Expo employee, about 60 additional jobs would be sustained in the wider economy.
“MEED has organized Destination Dubai to track the exciting new developments happening in Dubai until 2020, a critical case especially in light of its winning expo bid and just a decade before the governments 2030 vision for the country. We wholeheartedly support Dubai’s Expo 2020 bid and look forward to working with our friends and partners in Dubai and the UAE to ensure the 2020 Expo will be the best ever," Ben Greenish, Managing Director, MEED.
Dubai’s bid dossier estimates hosting the expo will cost $8.7bn in total – $7bn in investments and operating expenses of $1.7bn. Capital expenditure will mainly cover the development of the expo’s planned 4.4 square-kilometer plot in Jebel Ali and connecting infrastructure such as extending the Dubai Metro’s Red Line.
However, investors surveyed by the local chapter of CFA Institute, a global organization of investment professionals, are concerned that a successful bid by Dubai to host the expo could lead to another economic bubble. The study measured the opinions of 216 investment professionals in the UAE, and found out that more than half of the survey’s respondents (55 per cent) were concerned that a successful bid for the Expo 2020 will create another economic bubble, and only a quarter believed the UAE has done enough to make its economy immune since 2008.
Meanwhile, Egypt-headquartered investment bank EFG Hermes says the expo will make the country’s debt situation more pressing than it is now. “If the next phase of the investment cycle, accelerated by the Expo, is not met by revenue-building measures and asset sales, this could result in total Dubai debt rising to 110-115 per cent of gross domestic product (GDP) by 2020, up from 102 per cent of GDP currently,” the lender said in a report.
Without a doubt, the winning expo bid will provide a massive tourism boost. It is estimated that over the six months of the event 25 million people would visit Dubai Expo 2020, with more than 70 per cent coming from outside the UAE.
Destination Dubai will track the road map to Dubai’s continuing economic recovery, providing investors and stakeholders insights on what is driving confidence in the Emirate’s equity market, which this year has seen a 60 percent rise in growing confidence in Dubai’s long-term prospects.
Of primary importance to the readers of this blog will be a dedicated session on the real estate sector that will provide attendees key insights on one of Dubai’s most critical growth drivers. “Real estate prices in the Emirate have risen more than 30 per cent since the start of the year on growing demand from local, regional and international investors. In addition, major private and government-related real estate projects involving billions of dollars of new investment in Dubai have been announced, opening a possible new boom phase in Dubai’s property market,” says MEED’s editorial director Richard Thompson.
Other initiatives that are transforming Dubai into an unrivaled global hub and the gateway to the high-growth emerging markets (CIS, Africa, China and India) will be comprehensively discussed at Destination Dubai, detailing the road map for the build up and creation of a genuine and holistic “destination” involving travel, industry, real estate, tourism, retail and hospitality infrastructure and support systems.
++ In my opinion Dubai's winning bid for World Expo 2020 is extremely POSITIVE for the real estate market in Dubai and the rest of the UAE. The best is yet to come!
Scheduled to take place on January 28-29, 2014 at the JW Marriott Marquis, Destination Dubai is sponsored by Hill International.
http://www.destinationdubai2020.com/homepage.asp
Wednesday, November 27, 2013
Monday, November 25, 2013
Dream-Marina 101 Moving Right Along!
Dream-Marina 101 is set to open by the end of 2014. This super-tall development in Dubai Marina is a comprehensive lifestyle project conceptualized by Sheffield Holdings Ltd.
Dream-Marina 101 seeks to promote a unique concept of haute living that encompasses nearly everything in terms of luxuries with world-class restaurants, roof top nightclub and recreational facilities. "We are proud to announce that nearly 80% of our hotel apartments are sold." said Abu Ali Malik Shroff, Chairman of Sheffield Holdings LTD.
The hotel will house 300 guest rooms and 420 branded hotel apartments featuring one and two bedroom units. The construction on the exterior of the tower is close to completion with the elevator going up to all 101 floors.
The interior finishing touches have been carefully chosen, with energy efficient light fixtures and Spanish ceramic tiles in every apartment. All internal doors are fire resistant, meeting international standards and ratings for the building. Nearly sixty million dirhams have been additionally spent on the interiors since the appointment of the hotel operator.
Dream-Marina 101 has confirmed partnerships with world’s leading restaurants such as Bombay Palace, which currently has branches in England, North America, Canada and India. Another highlight of Dream-Marina 101 is its roof-top bar which will be occupied by Ph-D, known for being the nightlife state-of-the-art in Manhattan, New York.
Shroff further added, "Dubai has and will always remain a fantastic destination for residents and tourists. We are offering a unique and hassle-free investment opportunity mirroring the growth of the Dubai real estate market. All our investors will enjoy 28 days of free stay in the hotel apartments per year, and will benefit from a guaranteed 75% return of the net profit".
++ Sheffield Holdings LTD is one of the leading Dubai-based private developers. Here is a link to their website:
http://www.sheffieldholdings.com/
Dream-Marina 101 seeks to promote a unique concept of haute living that encompasses nearly everything in terms of luxuries with world-class restaurants, roof top nightclub and recreational facilities. "We are proud to announce that nearly 80% of our hotel apartments are sold." said Abu Ali Malik Shroff, Chairman of Sheffield Holdings LTD.
The hotel will house 300 guest rooms and 420 branded hotel apartments featuring one and two bedroom units. The construction on the exterior of the tower is close to completion with the elevator going up to all 101 floors.
The interior finishing touches have been carefully chosen, with energy efficient light fixtures and Spanish ceramic tiles in every apartment. All internal doors are fire resistant, meeting international standards and ratings for the building. Nearly sixty million dirhams have been additionally spent on the interiors since the appointment of the hotel operator.
Dream-Marina 101 has confirmed partnerships with world’s leading restaurants such as Bombay Palace, which currently has branches in England, North America, Canada and India. Another highlight of Dream-Marina 101 is its roof-top bar which will be occupied by Ph-D, known for being the nightlife state-of-the-art in Manhattan, New York.
Shroff further added, "Dubai has and will always remain a fantastic destination for residents and tourists. We are offering a unique and hassle-free investment opportunity mirroring the growth of the Dubai real estate market. All our investors will enjoy 28 days of free stay in the hotel apartments per year, and will benefit from a guaranteed 75% return of the net profit".
++ Sheffield Holdings LTD is one of the leading Dubai-based private developers. Here is a link to their website:
http://www.sheffieldholdings.com/
Wednesday, November 20, 2013
UAE's Hadara Teams Up With Egypt's Rooya Group
UAE based development company, Hadra, has signed an MOU with Rooya Group, one of Egypt’s premier real estate developers. Hadara, which is a member of Tharaa Holding Group, has announced its plans to co-develop an upscale hospitality and residential project within Rooya’s Stone Park Katameya master development in New Cairo.
This project comes with recent announcements of Egypt’s credit rating increase by S&P, making it an attractive option for investors. The Stone Park Compound, winner of Cityscape Egypt 2013 Best Future Residential Project Award, will offer a selection of luxury residential and hotel apartments and villas, providing a resort-living style to its residents. The project consists of a series of luxury low-rise buildings surrounded by resort-style recreational facilities as well as a prestigious villa community offering standalone villas as well as townhouses.
The project will be part of the award-winning Rich Village series, a global luxury living concept developed by Hadara.
In addition, the project will be surrounded by many attractions, including a world-class Golf Course, Cairo Festival City Mall, the prestigious “Down Town” shopping district and City Stars Mall. Furthermore, The Stone Park Compound will feature many lifestyle and recreational facilities including restaurants, cafeterias, shops, a private club with pools, a spa, a children’s fun zone with indoor and outdoor play areas, tennis and squash courts and a multi-purpose sports field.
Mr. Tariq Ramadan, Chairman of Hadara, expressed his excitement about the opportunity to expand outside the UAE and into a stable and growing market. He said, “This luxury project will be suitable for GCC customers and investors. It demonstrates a true smart and safe investment since it offers capital appreciation and attractive returns. At the same time, all sales revenues will be deposited into an Escrow account dedicated only to the construction of the project as well as other project related direct expenses. This means that investors’ money is 100% protected and guaranteed to be spent on the project”.
Commenting on signing the MOU Architect Hesham Shoukri, CEO & Executive President at Rooya Group, quoted, “This partnership adds a new dimension to our Stone Park master development by developing a luxury project that attracts buyers and investors from outside Egypt, especially those from GCC countries. The unit owners will have the option to live in their units, hand them over to the hotel management company to rent them out for tourists, or a combination of both. This means that owners, especially those who are living in other countries, can enjoy a free 5-star living while on vacation in Cairo, and make money on their units when they are away. On the other hand, investors who choose to hand over the property to the management company, will enjoy attractive returns on their properties”.
++ Hadara is a newly established UAE-based real estate development company operating worldwide through the development of real estate projects owned or co-developed by it. The company was founded by Mr. Tariq Ramadan who is considered one of the leading real estate industry figures in the Middle East. Hadara’s vision is to become the most successful and innovative development company in the world. Hadara is a member of Tharaa Holding.
http://www.hadaragroup.com/
++ Rooya Group is one of the fastest growing real estate development and tourism investment companies in Egypt with an outstanding track record of successful completed or under development projects in Egypt valued at over US$ 2 billion. These projects include Stone Park Katameya in New Cairo, Telal Al-Sokhna Resort, Canals Village in Port Ghalib – Marsa Alam, and Telal Al Alamein on the North Coast.
http://rooyagroup.com/
This project comes with recent announcements of Egypt’s credit rating increase by S&P, making it an attractive option for investors. The Stone Park Compound, winner of Cityscape Egypt 2013 Best Future Residential Project Award, will offer a selection of luxury residential and hotel apartments and villas, providing a resort-living style to its residents. The project consists of a series of luxury low-rise buildings surrounded by resort-style recreational facilities as well as a prestigious villa community offering standalone villas as well as townhouses.
The project will be part of the award-winning Rich Village series, a global luxury living concept developed by Hadara.
In addition, the project will be surrounded by many attractions, including a world-class Golf Course, Cairo Festival City Mall, the prestigious “Down Town” shopping district and City Stars Mall. Furthermore, The Stone Park Compound will feature many lifestyle and recreational facilities including restaurants, cafeterias, shops, a private club with pools, a spa, a children’s fun zone with indoor and outdoor play areas, tennis and squash courts and a multi-purpose sports field.
Mr. Tariq Ramadan, Chairman of Hadara, expressed his excitement about the opportunity to expand outside the UAE and into a stable and growing market. He said, “This luxury project will be suitable for GCC customers and investors. It demonstrates a true smart and safe investment since it offers capital appreciation and attractive returns. At the same time, all sales revenues will be deposited into an Escrow account dedicated only to the construction of the project as well as other project related direct expenses. This means that investors’ money is 100% protected and guaranteed to be spent on the project”.
Commenting on signing the MOU Architect Hesham Shoukri, CEO & Executive President at Rooya Group, quoted, “This partnership adds a new dimension to our Stone Park master development by developing a luxury project that attracts buyers and investors from outside Egypt, especially those from GCC countries. The unit owners will have the option to live in their units, hand them over to the hotel management company to rent them out for tourists, or a combination of both. This means that owners, especially those who are living in other countries, can enjoy a free 5-star living while on vacation in Cairo, and make money on their units when they are away. On the other hand, investors who choose to hand over the property to the management company, will enjoy attractive returns on their properties”.
++ Hadara is a newly established UAE-based real estate development company operating worldwide through the development of real estate projects owned or co-developed by it. The company was founded by Mr. Tariq Ramadan who is considered one of the leading real estate industry figures in the Middle East. Hadara’s vision is to become the most successful and innovative development company in the world. Hadara is a member of Tharaa Holding.
http://www.hadaragroup.com/
++ Rooya Group is one of the fastest growing real estate development and tourism investment companies in Egypt with an outstanding track record of successful completed or under development projects in Egypt valued at over US$ 2 billion. These projects include Stone Park Katameya in New Cairo, Telal Al-Sokhna Resort, Canals Village in Port Ghalib – Marsa Alam, and Telal Al Alamein on the North Coast.
http://rooyagroup.com/
Thursday, October 24, 2013
Oman Mega Projects On The Rise!
Like the rest of the GCC Oman is moving ahead strongly with Mega Project development. Currently Oman has over $100 Billion allocated for a wide variety of Mega Projects. In fact the Mega Project industry of Oman is expanding so fast that MEED(Middle East Economic Digest) is holding a large event October 28-30 in Oman at the Grand Hyatt Muscat called MEED Oman Projects Forum 2013. What follows is more information from MEED about the Forum and the Mega Projects being developed in Oman. Additionally I have included a chart of the top 40 Oman Mega Projects along with the amount of money (in US dollars) budgeted for each project.
A total of 50 speakers will address the event which will be attended by 200 delegates from the Sultanate, the Middle East region and the world beyond. The conference is supported by Oman’s Ministry of Commerce & Industry and will hear an opening address from His Excellency Ahmed bin Hassan Al Dheeb, Undersecretary, Ministry of Commerce & Industry.
Figures compiled by MEED Projects show 40 major projects are being executed or planned in the Sultanate. Of these, almost 25 percent are for major projects in the construction sector, which is dominated by plans to build a new town in Duqm. A similar amount of capital investment is planned in the transport sector. This includes the $15bn national rail program. Oil and gas projects combined account for almost $40bn of major projects being executed or planned in Oman.
Oman is already pushing ahead with many major projects. Around $40bn worth of them are under execution, though some of the larger ones are at an early stage of development. But the largest portion of the Omani major project program is yet to come to the market. More than $50bn of major projects are under design or study.
The pace of execution of the major program is expected to be swift. Some $56bn of major projects under execution or planned are due for completion by the end of 2017. All $112bn of projects are due for completion by the end of 2022, MEED Projects figures show.
The forum will hear a progress update about the Duqm port and special economic zone, which is Oman’s largest single Mega Project with budgeted investment of $20bn. Duqm is to be the location of a 250m barrel oil storage facility and a range of new industries.
“We’re delighted with the response to this year’s forum,” says MEED Events Chairman Edmund O’Sullivan. “The speakers are first-class and we are very grateful to the Minister of Economy HE Dr Ali Al Sunaidy and his colleagues for their wonderful support. This conference will set a new benchmark for everyone doing business in and with Oman.”
Oman Projects Forum 2013 is supported by the National Bank of Oman as strategic partner; Oman Development Bank as SME Financial Partner; Ernst &Young as Knowledge Partner and Hill International as conference sponsor.
TOP 40 OMAN MEGA PROJECTS UNDER EXECUTION OR PLANNED INCLUDING BUDGETS FOR EACH PROJECT:
Project and Project Budget (in $Millions)
1. Duqm new town 20,000
2. Oman national railway 15,600
3. Duqm refinery & petrochemical complex 15,000
4. Khazzan & Makarem fields 15,000
5. Muscat & Salalah international airport expansion 5,200
6. Gas-based steel plant 3,000
7. The Wave development 3,000
8. Batinah expressway 2,600
9. Sohar Aluminium smelter expansion 2,400
10. Sohar refinery expansion project 2,300
11. Duqm IWPP 2,000
12. Haima Solar thermal hybrid power plant 2,000
13. Oman convention and exhibition centre 1,800
14. Masirah island causeway 1,500
15. Sur IPP 1,500
16. Sultan Qaboos medical city complex 1,480
17. Batinah coastal road project 1,312
18. Bidbid to Sur dual carriageway 1,156
19. Yibal Khuff sour development project 1,050
20. Development of Block 60 (Abu Butabul) 1,000
21. International medical city 1,000
22. Rabab-Harweel integrated project 1,000
23. Saraya Bandar Jissah Resort 1,000
24. Sohar iron ore pelletising plant expansion phase 2 1,000
25. Sohar PTA & PET plant 850
26. Dualization of Adam to Thumrait road 800
27. Sur steel plant phase 1 665
28. Nahayda-Ras Markaz terminal-Duqm refinery pipeline 600
29. Solar power plant (CSP) 600
30. Bodour NE Integratedsour oil and gas development project 500
31. Condensate recovery maximization 500
32. Main oil line true vapour pressure control project 500
33. Marmul enhanced oil recovery facilities phase 2 500
34. Marmul enhanced oil recovery facilities phase 3 500
35. Ras Markaz crude storage terminal 500
36. Rima fields Cluster 500
37. Salalah EDC and caustic soda facility 500
38. Sohar iron ore pelletising plant 500
39. Suwaiq IWP 500
40. Water Discus hotel Oman 500
For more information visit:
http://www.meedconferences.com/oman/
A total of 50 speakers will address the event which will be attended by 200 delegates from the Sultanate, the Middle East region and the world beyond. The conference is supported by Oman’s Ministry of Commerce & Industry and will hear an opening address from His Excellency Ahmed bin Hassan Al Dheeb, Undersecretary, Ministry of Commerce & Industry.
Figures compiled by MEED Projects show 40 major projects are being executed or planned in the Sultanate. Of these, almost 25 percent are for major projects in the construction sector, which is dominated by plans to build a new town in Duqm. A similar amount of capital investment is planned in the transport sector. This includes the $15bn national rail program. Oil and gas projects combined account for almost $40bn of major projects being executed or planned in Oman.
Oman is already pushing ahead with many major projects. Around $40bn worth of them are under execution, though some of the larger ones are at an early stage of development. But the largest portion of the Omani major project program is yet to come to the market. More than $50bn of major projects are under design or study.
The pace of execution of the major program is expected to be swift. Some $56bn of major projects under execution or planned are due for completion by the end of 2017. All $112bn of projects are due for completion by the end of 2022, MEED Projects figures show.
The forum will hear a progress update about the Duqm port and special economic zone, which is Oman’s largest single Mega Project with budgeted investment of $20bn. Duqm is to be the location of a 250m barrel oil storage facility and a range of new industries.
“We’re delighted with the response to this year’s forum,” says MEED Events Chairman Edmund O’Sullivan. “The speakers are first-class and we are very grateful to the Minister of Economy HE Dr Ali Al Sunaidy and his colleagues for their wonderful support. This conference will set a new benchmark for everyone doing business in and with Oman.”
Oman Projects Forum 2013 is supported by the National Bank of Oman as strategic partner; Oman Development Bank as SME Financial Partner; Ernst &Young as Knowledge Partner and Hill International as conference sponsor.
TOP 40 OMAN MEGA PROJECTS UNDER EXECUTION OR PLANNED INCLUDING BUDGETS FOR EACH PROJECT:
Project and Project Budget (in $Millions)
1. Duqm new town 20,000
2. Oman national railway 15,600
3. Duqm refinery & petrochemical complex 15,000
4. Khazzan & Makarem fields 15,000
5. Muscat & Salalah international airport expansion 5,200
6. Gas-based steel plant 3,000
7. The Wave development 3,000
8. Batinah expressway 2,600
9. Sohar Aluminium smelter expansion 2,400
10. Sohar refinery expansion project 2,300
11. Duqm IWPP 2,000
12. Haima Solar thermal hybrid power plant 2,000
13. Oman convention and exhibition centre 1,800
14. Masirah island causeway 1,500
15. Sur IPP 1,500
16. Sultan Qaboos medical city complex 1,480
17. Batinah coastal road project 1,312
18. Bidbid to Sur dual carriageway 1,156
19. Yibal Khuff sour development project 1,050
20. Development of Block 60 (Abu Butabul) 1,000
21. International medical city 1,000
22. Rabab-Harweel integrated project 1,000
23. Saraya Bandar Jissah Resort 1,000
24. Sohar iron ore pelletising plant expansion phase 2 1,000
25. Sohar PTA & PET plant 850
26. Dualization of Adam to Thumrait road 800
27. Sur steel plant phase 1 665
28. Nahayda-Ras Markaz terminal-Duqm refinery pipeline 600
29. Solar power plant (CSP) 600
30. Bodour NE Integratedsour oil and gas development project 500
31. Condensate recovery maximization 500
32. Main oil line true vapour pressure control project 500
33. Marmul enhanced oil recovery facilities phase 2 500
34. Marmul enhanced oil recovery facilities phase 3 500
35. Ras Markaz crude storage terminal 500
36. Rima fields Cluster 500
37. Salalah EDC and caustic soda facility 500
38. Sohar iron ore pelletising plant 500
39. Suwaiq IWP 500
40. Water Discus hotel Oman 500
For more information visit:
http://www.meedconferences.com/oman/
Friday, August 30, 2013
23 Marina, Dubai - World's Most Luxurious Residence?
23 Marina, located in Dubai Marina and developed by Hircon International, may well be the most luxurious residential tower in the entire world. Although my main focus is on the real estate developments of the Middle East I also closely follow real estate projects all over the world and I must say I have not seen any other residential tower anywhere in the world that rivals 23 Marina in over the top luxury.
23 Marina is huge. In fact it is one of the tallest residential towers in the world, the third tallest tower in Dubai and the seventeenth tallest tower overall worldwide. The luxury amenities in 23 Marina are beyond anything I have seen anywhere in the world and they include an astounding FIFTY SEVEN swimming pools, a private elevator and private pool for EACH duplex in the tower, a lobby entrance hall 6 storeys high and a total of 62 elevators in the building!
23 MARINA FAST FACTS:
> Official Name - 23 Marina
> Type - Residential Tower
> Status - Completed
> Country - United Arab Emirates
> City - Dubai
> Street Address - A-23-D, Plot No.392-568, Al Marsa, Dubai Marina
> Building Function - Residential
> Height - 392.8 meters / 1289 feet
> Floors Above Ground - 90
> Floors Below Ground - 4
> Number of Elevators - 62
> Top Elevator Speed - 8 m/s
> Structural Material - Concrete
> Start of Construction - 2006
> Completion - 2012
> Global Ranking - 17th Tallest Tower In The World
> Regional Ranking - 5th Tallest Tower In Middle East
> National Ranking - 3rd Tallest Tower In UAE
> City Ranking - 3rd Tallest Tower In Dubai
> Owner - Hircon International
> Developer - Hircon International
> Design Architects - Hafeez Contractor; KEO International Consultants
> Structural Engineer - KEO International Consultants
> MEP Engineer - KEO International Consultants
> Main Contractor - Dubai Civil Engineering
> Other Consultants - Mitsubishi Elevator and Escalator; RWDI; Dow Corning Corporation
FROM THE DEVELOPER:
23 Marina is a standing tribute of one country to another land. An ovation of recognition and respect. To the far-sighted vision that has transformed Dubai from a city of sand to a city of skyrises, making it a name that the world aspires to live in.
23 MARINA AMENITY LIST:
~ 57 Swimming Pools
~ 62 Elevators
~ 6 Storey Entrance Hall
~ Private Indoor Pool In Each Duplex Unit
~ Private Elevator For Each Duplex Unit
~ Indoor And Outdoor Swimming Pools
~ Children's Swimming Pool
~ 3 Levels of Spa & Health Club Facilities Including:
-- Men's And Women's Spas
-- Gym
-- Aerobics Rooms
-- Steam
-- Sauna
-- Indoor Swimming Pool
~ Landscaped Garden And Jogging Track
~ Business Center And Conference Room
~ 24 Hour Concierge
~ 24 Hour Convenience Store
~ Private Housekeeping Staff, Dry Cleaning And Laundry Services
~ Covered 8 Storey Car Parking With Private Access And Elevators
~ Valet Parking
~ Round-The-Clock Security System
++ With all of these features, if you lived at 23 Marina you might never want to leave! I think 23 Marina is destined to become an icon for Dubai living at its best. Dubai always strives to embody the pinnacle of excellence in all its Mega Projects and 23 Marina is the pinnacle of Dubai luxury living!
This link takes you to Hircon International, the developers of 23 Marina:
http://www.hircon-me.com/
23 Marina is huge. In fact it is one of the tallest residential towers in the world, the third tallest tower in Dubai and the seventeenth tallest tower overall worldwide. The luxury amenities in 23 Marina are beyond anything I have seen anywhere in the world and they include an astounding FIFTY SEVEN swimming pools, a private elevator and private pool for EACH duplex in the tower, a lobby entrance hall 6 storeys high and a total of 62 elevators in the building!
23 MARINA FAST FACTS:
> Official Name - 23 Marina
> Type - Residential Tower
> Status - Completed
> Country - United Arab Emirates
> City - Dubai
> Street Address - A-23-D, Plot No.392-568, Al Marsa, Dubai Marina
> Building Function - Residential
> Height - 392.8 meters / 1289 feet
> Floors Above Ground - 90
> Floors Below Ground - 4
> Number of Elevators - 62
> Top Elevator Speed - 8 m/s
> Structural Material - Concrete
> Start of Construction - 2006
> Completion - 2012
> Global Ranking - 17th Tallest Tower In The World
> Regional Ranking - 5th Tallest Tower In Middle East
> National Ranking - 3rd Tallest Tower In UAE
> City Ranking - 3rd Tallest Tower In Dubai
> Owner - Hircon International
> Developer - Hircon International
> Design Architects - Hafeez Contractor; KEO International Consultants
> Structural Engineer - KEO International Consultants
> MEP Engineer - KEO International Consultants
> Main Contractor - Dubai Civil Engineering
> Other Consultants - Mitsubishi Elevator and Escalator; RWDI; Dow Corning Corporation
FROM THE DEVELOPER:
23 Marina is a standing tribute of one country to another land. An ovation of recognition and respect. To the far-sighted vision that has transformed Dubai from a city of sand to a city of skyrises, making it a name that the world aspires to live in.
23 MARINA AMENITY LIST:
~ 57 Swimming Pools
~ 62 Elevators
~ 6 Storey Entrance Hall
~ Private Indoor Pool In Each Duplex Unit
~ Private Elevator For Each Duplex Unit
~ Indoor And Outdoor Swimming Pools
~ Children's Swimming Pool
~ 3 Levels of Spa & Health Club Facilities Including:
-- Men's And Women's Spas
-- Gym
-- Aerobics Rooms
-- Steam
-- Sauna
-- Indoor Swimming Pool
~ Landscaped Garden And Jogging Track
~ Business Center And Conference Room
~ 24 Hour Concierge
~ 24 Hour Convenience Store
~ Private Housekeeping Staff, Dry Cleaning And Laundry Services
~ Covered 8 Storey Car Parking With Private Access And Elevators
~ Valet Parking
~ Round-The-Clock Security System
++ With all of these features, if you lived at 23 Marina you might never want to leave! I think 23 Marina is destined to become an icon for Dubai living at its best. Dubai always strives to embody the pinnacle of excellence in all its Mega Projects and 23 Marina is the pinnacle of Dubai luxury living!
This link takes you to Hircon International, the developers of 23 Marina:
http://www.hircon-me.com/
Sunday, June 23, 2013
Cayan Tower - A New Dubai Masterpiece
Dubai has just completed another architectural masterpiece to add to its ever expanding portfolio of amazing Mega Projects. Cayan Tower, located in Dubai Marina and developed by Cayan Real Estate Investment and Development Company, is the worlds tallest twisted tower. It stands 307 meters high and cost Dh1 billion to build. It is one of the most amazing towers I have ever seen!
President and Chairman of the Board of Cayan Group Ahmed M. Al Hatti described the project's quality standards saying: "Cayan Tower(formerly known as Infinity Tower) has been built according to the highest international standards for towers and that won it several international awards. The Tower has received 'Best Architecture' award in London's International Property Awards as well as four Arab Real Estate Awards in Dubai."
"The Tower was designed by Skidmore Owings and Merrill, otherwise known for projects such as Burj Khalifa in Dubai, Trump Tower in Chicago and Jin Mao in Shanghai. It is a 75-storey tower, rising at approximately 307 meters which makes it the highest twisted tower in the entire world," he added.
The project is characterized by its magnificent architecture, giving residents stunning panoramic views of the Palm Dubai or Dubai Marina thanks to its 90 degree curve from top to bottom. In addition construction and architectural plans have been put in place specifically for the development of the internal design which complements the exterior design of the tower.
> From Skidmore Owings Merrill:
'The Skidmore Owings & Merrill LLP (SOM)—designed Cayan (formerly Infinity) Tower in Dubai, United Arab Emirates, was inaugurated by its developer, Saudi Arabia-based Cayan Investment & Development. The dramatically rising helix of the 75-storey building provides a distinctive landmark on the city’s storied skyline. The 1,010-feet (307-meters) tall reinforced concrete structure rotates a hexagonal floor plate around a circular core—with the top offset 90 degrees from the base. The shift maximizes views for each of the 495 apartments. “The lower portion of the tower is oriented toward the exciting waterfront promenade of Dubai Marina, while the upper floors are rotated to face the Gulf,” SOM Design Director Ross Wimer says.
'“Cayan Tower adds to SOM's significant impact on Dubai's 21st century skyline,” SOM Consulting Partner George Efstathiou says. “Its elegance, technological innovation and sustainability are hallmarks of our storied 75 year history. It takes its place with our finest designs, including the nearby Rolex Tower and Burj Khalifa.”
'Deep concrete exterior columns clad in a metal skin with perforated screens help shield the building’s interior from the intense desert sun. The tower’s innovative shape required equally innovative engineering. The corner and interior columns twist as they ascend, but most of the perimeter columns have an identical shape and tilted relationship to the floor plate. They are simply shifted, a bit more than a single degree, from floor to floor—resulting in a standardized construction method typical to most concrete structures.
'Mechanical, electrical and plumbing systems are located in the core or within a zone between the central circulation corridor and the residential units, allowing straight vertical paths for these systems as the relationship between the apartments served varies between floors.
'The shape of the tower is not only aesthetically unique but it serves a structural function as well. Its twisted shape greatly reduces wind forces on the tower and “confuses the wind” in a way that wind forces cannot organize themselves.'
> Design and Amenities:
Each unit enjoys contemporary internationally styled interiors, marble and wood finishes, and premium fixtures and fittings. Every unit has fully fitted kitchens with appliances from such leading brands such as Bosch or Siemens, bedrooms with built-in wardrobes, as well as high-speed Internet facility and access to digital/satellite TV, state-of-the-art air conditioning, and a comprehensive automation system to control lights, air-conditioning and other functions from a central handset. The building has 7 elevators, for convenient access to each floor.
The building’s residential amenities include a fully landscaped podium with a rooftop park, outdoor infinity pool, whirlpool and children’s pool, located on the 7th floor. Other amenities include a health spa with treatment rooms, a gymnasium, conference rooms, a fully-equipped nursery, an outdoor tennis court and a fully enclosed parking garage with state-of-the-art security. At street level, there will be designated shopping and retail outlets for both residents and visitors.
Cayan Tower also provides 5-storey secure parking behind the building, as well as a 24-hour concierge and security.
++ Cayan Tower is a true Mega Project masterpiece. I think it will become a world landmark for incredible architecture!
Cayan Real Estate Investment and Development:
http://www.cayan.net/
Skidmore Owings Merrill:
https://www.som.com/
President and Chairman of the Board of Cayan Group Ahmed M. Al Hatti described the project's quality standards saying: "Cayan Tower(formerly known as Infinity Tower) has been built according to the highest international standards for towers and that won it several international awards. The Tower has received 'Best Architecture' award in London's International Property Awards as well as four Arab Real Estate Awards in Dubai."
"The Tower was designed by Skidmore Owings and Merrill, otherwise known for projects such as Burj Khalifa in Dubai, Trump Tower in Chicago and Jin Mao in Shanghai. It is a 75-storey tower, rising at approximately 307 meters which makes it the highest twisted tower in the entire world," he added.
The project is characterized by its magnificent architecture, giving residents stunning panoramic views of the Palm Dubai or Dubai Marina thanks to its 90 degree curve from top to bottom. In addition construction and architectural plans have been put in place specifically for the development of the internal design which complements the exterior design of the tower.
> From Skidmore Owings Merrill:
'The Skidmore Owings & Merrill LLP (SOM)—designed Cayan (formerly Infinity) Tower in Dubai, United Arab Emirates, was inaugurated by its developer, Saudi Arabia-based Cayan Investment & Development. The dramatically rising helix of the 75-storey building provides a distinctive landmark on the city’s storied skyline. The 1,010-feet (307-meters) tall reinforced concrete structure rotates a hexagonal floor plate around a circular core—with the top offset 90 degrees from the base. The shift maximizes views for each of the 495 apartments. “The lower portion of the tower is oriented toward the exciting waterfront promenade of Dubai Marina, while the upper floors are rotated to face the Gulf,” SOM Design Director Ross Wimer says.
'“Cayan Tower adds to SOM's significant impact on Dubai's 21st century skyline,” SOM Consulting Partner George Efstathiou says. “Its elegance, technological innovation and sustainability are hallmarks of our storied 75 year history. It takes its place with our finest designs, including the nearby Rolex Tower and Burj Khalifa.”
'Deep concrete exterior columns clad in a metal skin with perforated screens help shield the building’s interior from the intense desert sun. The tower’s innovative shape required equally innovative engineering. The corner and interior columns twist as they ascend, but most of the perimeter columns have an identical shape and tilted relationship to the floor plate. They are simply shifted, a bit more than a single degree, from floor to floor—resulting in a standardized construction method typical to most concrete structures.
'Mechanical, electrical and plumbing systems are located in the core or within a zone between the central circulation corridor and the residential units, allowing straight vertical paths for these systems as the relationship between the apartments served varies between floors.
'The shape of the tower is not only aesthetically unique but it serves a structural function as well. Its twisted shape greatly reduces wind forces on the tower and “confuses the wind” in a way that wind forces cannot organize themselves.'
> Design and Amenities:
Each unit enjoys contemporary internationally styled interiors, marble and wood finishes, and premium fixtures and fittings. Every unit has fully fitted kitchens with appliances from such leading brands such as Bosch or Siemens, bedrooms with built-in wardrobes, as well as high-speed Internet facility and access to digital/satellite TV, state-of-the-art air conditioning, and a comprehensive automation system to control lights, air-conditioning and other functions from a central handset. The building has 7 elevators, for convenient access to each floor.
The building’s residential amenities include a fully landscaped podium with a rooftop park, outdoor infinity pool, whirlpool and children’s pool, located on the 7th floor. Other amenities include a health spa with treatment rooms, a gymnasium, conference rooms, a fully-equipped nursery, an outdoor tennis court and a fully enclosed parking garage with state-of-the-art security. At street level, there will be designated shopping and retail outlets for both residents and visitors.
Cayan Tower also provides 5-storey secure parking behind the building, as well as a 24-hour concierge and security.
++ Cayan Tower is a true Mega Project masterpiece. I think it will become a world landmark for incredible architecture!
Cayan Real Estate Investment and Development:
http://www.cayan.net/
Skidmore Owings Merrill:
https://www.som.com/
Sunday, June 2, 2013
Libya Could Be Next Mega Project Hub - Libya Projects 2013
Libya is expected to invest $140 billion in projects over the next decade as the country embarks on building a sustainable future. Among these projects include Gecol’s capacity building programme in the power sector which will see installed capacity rise from about 13,000MW in 2012 to 19,000-20,000MW by 2020.
In aviation, the newly-installed government has planned a $2.5 billion upgrade of the state’s busiest airports aimed at expanding capacity to about 28 million passengers a year from an estimated 5 million.
The housing sector is another critical investment focus. The government estimates that the country will face a housing shortfall of 500,000 units by 2020. The Housing & Infrastructure Board (HIB) has been tasked to deliver 200,000 new homes, with supporting infrastructure in the next seven years.
A major business conference, Libya Projects 2013, is being organised in Tripoli to provide local and international stakeholders an essential guide to the developments and projects across critical infrastructure, energy, utilities and industry sectors that will accelerate rebuilding efforts in Libya.
“There is currently a dearth of accurate and reliable information on the opportunities in the projects market in Libya which the conference hopes to address. Attended by leading authorities and key stakeholders, Libya Projects 2013 offers the best opportunity for companies to correctly access Libya’s projects market,” said Edmund O’ Sullivan, Chairman, MEED Events, organisers of Libya Projects 2013 in cooperation with Business Mirror (BM) Libya, and supported by the General National Congress.
Under the patronage of the General National Council, Libya Projects 2013 will gather key government officials and entities as well as leading private sector companies who will provide an expert overview of the wide-ranging political and economic reforms currently being implemented in Libya and the impact of these initiatives on the projects sector.
Confirmed speakers include Juma Attiga, Vice President, General National Congress; Awad Elbarasi, Deputy Prime Minister, Libya; Ali Hussein Al- Sharif, Minister of Housing and Utilities; and Dr. Khalil El-Arroudi, Chairman, GECOL.
The conference, scheduled to take place on June 3-5, 2013 at the Corinthia Hotel in Tripoli, will also focus on the government’s programme to promote and attract foreign direct investments in Libya, as well as provide a critical update on existing and stalled projects.
At Libya Projects 2013, delegates can also expect to gain invaluable insights on the government’s anticipated spending plans in the infrastructure and energy sectors; as well as learn how to establish JVs with local firms to take advantage of massive opportunities in the projects market.
Libya Projects 2013 is being supported by such top tier companies as: Ernst & Young, Drake and Scull, Electrical Industries Co, Hill International, Keller, Jeddah Cables Company, Saint Gobain Glass, Libya Holdings, Shapoorji Pallonji , Dar Al Handash, Phillips, Corodex Industries, Parsons & Afriqiyah Airways.
Further information:
http://www.meedlibyaprojects.com/homepage.asp
In aviation, the newly-installed government has planned a $2.5 billion upgrade of the state’s busiest airports aimed at expanding capacity to about 28 million passengers a year from an estimated 5 million.
The housing sector is another critical investment focus. The government estimates that the country will face a housing shortfall of 500,000 units by 2020. The Housing & Infrastructure Board (HIB) has been tasked to deliver 200,000 new homes, with supporting infrastructure in the next seven years.
A major business conference, Libya Projects 2013, is being organised in Tripoli to provide local and international stakeholders an essential guide to the developments and projects across critical infrastructure, energy, utilities and industry sectors that will accelerate rebuilding efforts in Libya.
“There is currently a dearth of accurate and reliable information on the opportunities in the projects market in Libya which the conference hopes to address. Attended by leading authorities and key stakeholders, Libya Projects 2013 offers the best opportunity for companies to correctly access Libya’s projects market,” said Edmund O’ Sullivan, Chairman, MEED Events, organisers of Libya Projects 2013 in cooperation with Business Mirror (BM) Libya, and supported by the General National Congress.
Under the patronage of the General National Council, Libya Projects 2013 will gather key government officials and entities as well as leading private sector companies who will provide an expert overview of the wide-ranging political and economic reforms currently being implemented in Libya and the impact of these initiatives on the projects sector.
Confirmed speakers include Juma Attiga, Vice President, General National Congress; Awad Elbarasi, Deputy Prime Minister, Libya; Ali Hussein Al- Sharif, Minister of Housing and Utilities; and Dr. Khalil El-Arroudi, Chairman, GECOL.
The conference, scheduled to take place on June 3-5, 2013 at the Corinthia Hotel in Tripoli, will also focus on the government’s programme to promote and attract foreign direct investments in Libya, as well as provide a critical update on existing and stalled projects.
At Libya Projects 2013, delegates can also expect to gain invaluable insights on the government’s anticipated spending plans in the infrastructure and energy sectors; as well as learn how to establish JVs with local firms to take advantage of massive opportunities in the projects market.
Libya Projects 2013 is being supported by such top tier companies as: Ernst & Young, Drake and Scull, Electrical Industries Co, Hill International, Keller, Jeddah Cables Company, Saint Gobain Glass, Libya Holdings, Shapoorji Pallonji , Dar Al Handash, Phillips, Corodex Industries, Parsons & Afriqiyah Airways.
Further information:
http://www.meedlibyaprojects.com/homepage.asp
Thursday, May 9, 2013
The Headquarters Business Park, Jeddah, Saudi Arabia
Saudi Arabia is going through an incredible real estate boom! Mega Projects are being built all over The Kingdom. In fact Saudi Arabia has the largest Mega Project in the world under construction - King Abdullah Economic City, which I have written about in a previous post. Today I will cover The Headquarters Business Park.
LOCATION
The Headquarters Business Park is located on the north side of Jeddah in Saudi Arabia. Sitting directly on North Corniche Road it overlooks the Red Sea in all directions. On either side of it sits the Westin and Hilton Hotels, and it is also conveniently just 15 minutes from King Abdulaziz International Airport.
The building is made up of three main sections:
~ The West Tower
~ The Podium
~ The East Tower
WEST TOWER
Sky Villas:
The Headquarters Business Park contains 10 Sky Villas. Each has two floors and its own indoor garden. Each garden is about 8m high, and overlooks the Corniche.
Offices:
The Business Park has 250 flexible office spaces with floor plans that range from 1,270 square feet to 3,229 square feet. Each office unit comes with amazing views in either direction.
The Business Center:
The business center is the ultimate business destination for client meetings. It includes all the latest technology and equipment to ensure total connectivity.
The Smart Building:
This building has the most advanced technologies because The Business Park is one of the newest buildings in the region. Not just lightning fast connectivity but it is host to a number of the most advanced features:
> Smart parking systems
> Smart elevators
> Smart restaurants
> State-of-the-art security
> Maintenance and support
> Unified building and services billing system
> Public areas and owners union systems
EAST TOWER
The East Tower serves as a high standard hotel that is designed as an independent building but linked to the West Tower through the Roof Garden. The hotel adds to the Business Park’s features by offering a health club, a business center, and a variety of upscale restaurants that are designed to meet the lavish taste of the business people and their visitors.
PODIUM
The Podium contains 9 stories above ground and 2 stories of underground parking with close to 2,000 total parking spaces. The Podium also contains a health and fitness center.
ADDITIONAL FEATURES
Health and Fitness Center:
The health and fitness center is located on both the 6th and 7th floor in the Podium section of The Business Park. At over 12,916 square feet it boasts all the latest fitness equipment.
Restaurants and Cafes:
The Headquarters Business Park has 43,055 square feet of restaurant and cafe space that caters to any taste. The crown at the top is Sky at 52, the fine dining establishment on the 52nd floor that faces the Red Sea.
VIP Lounge:
The VIP Lounge is the ultimate business area. Sitting on the 1st floor it hosts all the technology and plush surroundings to get work done in style. The VIP Lounge features:
> Private entrance
> Dedicated reception and lobby area
> Smart elevators with specialized floor selection
> Reserved parking spots
> Complementary coffee, tea, and seating lounges
++ The Headquarters Business Park stands as a shining example of the evolution of the booming Saudi Arabian real estate development market and the expanding Saudi economy.
LOCATION
The Headquarters Business Park is located on the north side of Jeddah in Saudi Arabia. Sitting directly on North Corniche Road it overlooks the Red Sea in all directions. On either side of it sits the Westin and Hilton Hotels, and it is also conveniently just 15 minutes from King Abdulaziz International Airport.
The building is made up of three main sections:
~ The West Tower
~ The Podium
~ The East Tower
WEST TOWER
Sky Villas:
The Headquarters Business Park contains 10 Sky Villas. Each has two floors and its own indoor garden. Each garden is about 8m high, and overlooks the Corniche.
Offices:
The Business Park has 250 flexible office spaces with floor plans that range from 1,270 square feet to 3,229 square feet. Each office unit comes with amazing views in either direction.
The Business Center:
The business center is the ultimate business destination for client meetings. It includes all the latest technology and equipment to ensure total connectivity.
The Smart Building:
This building has the most advanced technologies because The Business Park is one of the newest buildings in the region. Not just lightning fast connectivity but it is host to a number of the most advanced features:
> Smart parking systems
> Smart elevators
> Smart restaurants
> State-of-the-art security
> Maintenance and support
> Unified building and services billing system
> Public areas and owners union systems
EAST TOWER
The East Tower serves as a high standard hotel that is designed as an independent building but linked to the West Tower through the Roof Garden. The hotel adds to the Business Park’s features by offering a health club, a business center, and a variety of upscale restaurants that are designed to meet the lavish taste of the business people and their visitors.
PODIUM
The Podium contains 9 stories above ground and 2 stories of underground parking with close to 2,000 total parking spaces. The Podium also contains a health and fitness center.
ADDITIONAL FEATURES
Health and Fitness Center:
The health and fitness center is located on both the 6th and 7th floor in the Podium section of The Business Park. At over 12,916 square feet it boasts all the latest fitness equipment.
Restaurants and Cafes:
The Headquarters Business Park has 43,055 square feet of restaurant and cafe space that caters to any taste. The crown at the top is Sky at 52, the fine dining establishment on the 52nd floor that faces the Red Sea.
VIP Lounge:
The VIP Lounge is the ultimate business area. Sitting on the 1st floor it hosts all the technology and plush surroundings to get work done in style. The VIP Lounge features:
> Private entrance
> Dedicated reception and lobby area
> Smart elevators with specialized floor selection
> Reserved parking spots
> Complementary coffee, tea, and seating lounges
++ The Headquarters Business Park stands as a shining example of the evolution of the booming Saudi Arabian real estate development market and the expanding Saudi economy.
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