UAE Property

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Marina Bay Abu Dhabi Overview

Marina Bay is a stunning 25 storey residential tower with retail and prime commercial space. Aesthetically mastered by renowned international architects, Marina Bay offers green luxury living with maximized water efficiency, eco friendly equipment that is optimized for green energy and intelligent integrated building management systems.

Marina Bay Najmat Abu Dhabi is everything a savvy investor would look for in a city that has been named the number one city in the Arab world by the Economist Group.

Abu Dhabi is the richest of the seven Emirates in the United Arab Emirates. It’s demographic profile is outstanding, with the average net worth of its 420,000 citizens toying around £8.75m per person. Abu Dhabi has the biggest fossil fuel reserve in the Middle East and is the fourth largest natural gas producer in the world.

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The ACI management team with Niki Lauda recently

ACI real estate announced yesterday that it’s investment plans for the emirates is currently standing at a stunning £2.8 billion – which is scheduled for both Dubai and Abu Dhabi prime property development. Up-to-date investments include the 3 sports legend commercial towers, known as the “Trilogy” project situated along Dubai’s high-end Business Bay and another 5 new towers soon to be launched in Abu Dhabi.

ACI Real Estate is an affiliate of Alternative Invest Capital, a forward-thinking investment house from Germany.

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Masdar City, Abu Dhabi’s Carbon Neutral City

British Architect, Lord Norman Foster, along with Masdar, a UAE energy initiative, unveiled plans for a carbon-neutral city in the desert of Abu Dhabi last week. Foster & Partners architects will design the car-free city which will eventually house 50,000 people.

Masdar’s research institute, which was founded in partnership with the Massachusetts Institute of Technology, will be located in the 6.5 sq km development and aims to turn the city into an alternative energy cluster for 1,500 businesses.

Sultan al-Jaber, Masdar’s chief executive, said “Masdar City will become the world’s hub for future energy – By taking sustainable development and living to a new level, it will lead the world in understanding how all future cities should be built.”

Ras Al Khaimah is one of the emirates of the United Arab Emirates in the northern part of the Arabian Peninsula, bordering Oman. It is ruled by Sheikh Saqr bin Mohammad al-Qassimi and has a population of about 250,000 inhabitants.

The city itself as at 2007 had a population of 191,753 and has two main sections, Old Ras Al Khaimah and Nakheel (no relation to the property developer), which lie on either side of the creek which flows through Ras Al Khaimah.

RAK may be small, but it has big plans and is pumping money into several ambitious property projects – 31 real estate developments are underway or at the planning stage.

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Lyons, France

A rather unusual new construction project was revealed this week. Dubai entrepreneur and developer, Buti Saeed Al Ghandi, who heads up the Emivest capital film, has just announced his intention to build a replica of a French city in the middle of the desert.

The city in question is Lyons and the plan was formally announced, strangely enough, in Lyons on Wednesday – the real one. Lyons’ mayor, Gerard Collomb said, “We are flattered that Lyon can inspire a city like Dubai.”

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The Palm Islands is a series of artificial islands in Dubai, United Arab Emirates on which major commercial and residential developments have and will be constructed. The islands are the largest land reclamation projects in the world and will result in the world’s largest artificial islands. They are being constructed by Nakheel Properties, a property developer in the United Arab Emirates, who hired the Dutch dredging and marine contractor Van Oord, one of the world’s specialists in land reclamation. The islands are The Palm Jumeirah, The Palm Jebel Ali and The Palm Deira.

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Following on from a look at the development in Dubai over the last few years, (If you build it, they will come) here is a closer look at one of the major new developments currently underway. Construction of the Burj Dubai is now over halfway through construction and according to the official website, is currently over 574 meters tall, with 154 completed stories. Along the way, the builders have surpassed a number of previous records in their creation of the World’s tallest building:

February 2007
Burj Dubai surpasses the Sears Tower as the building with the most floors.
May 13, 2007
Burj Dubai sets record for vertical concrete pumping on any building at 452 m (1,483 ft), surpassing the 449.2 m (1,474 ft) to which concrete was pumped during the construction of Taipei 101.[7]
July 21, 2007
Burj Dubai becomes the tallest building on Earth surpassing Taipei 101 which stands at a height of 509.2 m (1,671 ft).The previous day, the head of the Council on Tall Buildings and Urban Habitat (CTBUH), Antony Wood, had confirmed that it “surpassed the height of Taipei 101 structurally (concrete).” However, he also added “We will not classify it as a building until it is complete, clad and at least partially open for business to avoid things like the Ryungyong [sic] project. Taipei 101 is thus officially the world’s tallest until that happens.”
August 12, 2007
Burj Dubai surpassed the height of the Sears’ Tower antenna which stands at a height of 527.3 m (1,730 ft).
September 03, 2007
Burj Dubai becomes the second-tallest freestanding structure, surpassing the 540 m (1,772 ft) Ostankino Tower in Moscow, Russia.

Plans are proceeding , despite vehement opposition in France, to build a Louvre in Abu Dhabi. The building will, for want of a better word be, “unusual.” A shallow dome that looks rather like an escapee from some low-budget 60’s science fiction movie. With geometric openings causing patterns of light to bounce around the interior, I can almost see the likes of Matisse and Van Gogh turning in their graves.

No doubt, I am not the only one to see the irony of the whole situation, and as I discussed in “Cultural Oases in Abu Dhabi part one,’ the Guggenheim seems to have come to some arrangement whereby none of the works on display in their museum outpost will ‘offend local sensibilities,’ and I wonder if the Louvre has come to the same arrangement. If so, I have the same question to pose:’Dude, like what are you gonna hang on the wall, man?’

The planned Guggenheim museum in Abu Dhabi hit the headlines again recently, with New York Magazine’s art columnist Jerry Saltz, suggesting that Thomas Krens, the director of the Guggenheim foundation is “reckless, destructive, myopic, and misguided.”

As part of their drive to convince the rest of the world of their cultural sophistication, the Abu Dhabi authorities are planning a branch of the Guggenheim museum on Saadiyat island. The museum building, designed by internationally acclaimed architect Frank Gehry, will dwarf Bilbao’s version, and at a planned 300,000 sq ft, will be the largest Guggenheim museum.

buyer-guide-final_abu-dhabi.jpgApproached from the sea Abu Dhabi’s densely packed high rise buildings give the impression that can grow no further but the reality is that planned expansion will increase the city’s area and population (currently about 1.8m) over the next few years.

Where to Look

The modern city of Abu Dhabi only dates back to the sixties and it is still a city trying to establish and nurture its character and create differentiation between neighbourhoods. The town plan on Abu Dhabi island conforms to a grid pattern with very high density building (20 storeys is normal) along the shoreline (The Corniche). New developments on other islands, some of them man-made, and the mainland are making great efforts to distinguish themselves with cultural features (Saadiyat Island’s Guggenheim Museum) or resort style attractions as with Reem Island or Al Raha beach. However, in several cases these developments are only at the planning stage, all-be-it far advanced.