Lands & Properties

• Brand-new approach to inspired living, Vida targets upwardly mobile young business and leisure travellers
• First outlet in novel ‘urban hub’ chain set to open in Downtown Dubai

Dubai, UAE; May 4, 2013: The new generation of business executives, entrepreneurs and leisure travellers now have a hotel brand tailored just for them with the launch of Vida Hotels and Resorts by Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties PJSC.

• Rooftop infinity pool and ‘Sky Deck’ with 360-degree views of Downtown Dubai and sweeping panoramas of the Gulf
• The Address Residence Sky View is latest addition to The Address portfolio and a flagship property for the brand
• The Address Residence Sky View launch events to take place simultaneously in Dubai and Riyadh on March 2
• Potential customers can pre-register for the Dubai launch on-line at www.emaar.com on Feb. 27 from 10am

Dubai, UAE; February 23, 2013: Emaar Properties PJSC, the global property developer, has further strengthened its portfolio of premium hotels, residences and serviced apartments in Downtown Dubai, the most visited tourism and lifestyle destination in the world, with the launch of The Address Residence Sky View, the latest addition to The Address Hotel + Resorts’ portfolio and a flagship property for the brand.

-    Raha Beach, Raha Gardens, Al Reem Island, Saadiyat Al Reef have demonstrated rental increases over last six months
-    The recent decree that all government employeesmust live in Abu Dhabi has helped fuel demand
-    Sorouh/Aldarmerger have also helped bring confidence to market place
Dubai, UAE:  7February 2013 –Cluttons, the real estate specialistwhich has enjoyed a dedicated Middle Eastern presence since 1976,has found that areas of Abu Dhabi are defying the overall trend of declining rent prices and performing at an encouraging level.

Areas which have benefited from the recent development of good quality residential communities, such as Raha Beach, Raha Gardens, Al Reem Island, Saadiyat and Al Reef, have all demonstrated rental price increases over the last six months which appearset to continue throughout 2013.

The increases are linked to general market demand.This is being driven by an influx of people moving to Abu Dhabi from both Dubai and outside the region, as well as relocating within the city from older buildings, whichlack equivalent facilities tothe modern developments. The general standard of living and quality of build has improved in Abu Dhabi, which has also encouraged movement within the marketplace.

Entire 3-tower Malaysian luxury development 85 per cent sold

February 02, 2013

TASWEEK Real Estate Development and Marketing, an advisor and solutions provider serving the property markets, has announced that ‘Acacia,’ the first tower under the award-winning The Haven Lakeside Residences condominium rising in Malaysia’s Perak state, will be handed over by the beginning of February 2013 – well ahead of the original mid-2013 schedule. The turnover includes all ancillary amenities, including a Club House, swimming pool and jogging track.

Invitation-only event highlights steadfast global confidence in region’s real estate sector

November 20, 2012
With the global markets steadily rebounding from the downturn of recent years, the Middle East is once again gaining international attention as a resilient real estate haven. Masood Al Awar, the CEO of TASWEEK Real Estate Marketing & Development, an advisor and solutions provider serving the real estate markets, discussed market trends and the prevailing positive industry outlook in a keynote speech delivered during the 7th Arabian Business Economic Forum held recently in Dubai. Al Awar gave an overview of the current market and the challenges it faces, giving the audience a basis to judge whether the worst is over for the property sector after the subprime crisis.

Taking place on November 20, 2012 at the Jumeirah Emirates Towers in Dubai, the latest edition of the Forum gathered some of the region’s most prominent CEOs and business leaders to discuss key industry issues and developments. Al Awar, a respected real estate veteran with almost a decade of experience, delivered the Keynote Address on Property to kick off the Forum’s afternoon panel sessions. The TASWEEK Chief is credited for selling some of the first freehold units in the UAE and is highly sought for his valuable views on the state and future of real estate in the UAE and across the Arab region.

Emaar Properties reports net operating profit of AED 1.607 billion (US$ 438 million) in first nine months of 2012

•    Revenue for first three quarters of 2012 reaches AED 5.560 billion (US$ 1.514 billion)
•    Third quarter 2012 revenues stand at AED 1.639 billion (US$ 446 million); net operating profit reaches AED 387 million (US$ 105 million)
•    Company focuses on new project launches in Dubai and international markets, generating robust investor response
•    Shopping malls and hospitality businesses contribute AED 2.855 billion (US$ 777 million) to revenues in first nine months of 2012, with The Dubai Mall welcoming over 44.5 million visitors during the period; 15% increase year on year

Dubai, UAE; October 23, 2012: Reflecting the positive growth of Dubai’s economy and, specifically, the real estate sector, Emaar Properties PJSC, the global developer of iconic projects, reported today a net operating profit of AED 1.607 billion (US$ 438 million) for the first nine months of 2012, 29 per cent higher than the net operating profit of AED 1.249 billion (US$ 340 million) during the same period in 2011.

•    IMF predicts GDP growth in the Kingdom of 2% in 2012, rising to 2.8% for 2013
•    Office market shows signs of bottoming out in terms of achievable rental values
•    Landlords are more realistic and tenants seem comfortable with the rates on offer
•    Industrial sector remains strongest sector and continues to grow
•    Massive investment in the Salman Industrial City is driving the industrial sector

Manama, Bahrain: 9 October 2012 – Cluttons, the real estate specialist which has enjoyed a dedicated Middle Eastern presence since 1976, today announces its Q3 market report for Bahrain’s office and industrial market 2012.

Current GDP forecasts indicate that Bahrain is entering a moderate growth period following last year’s disappointing results. Latest figures from Bank of America Merrill Lynch Global Research show Bahrain’s GDP grew 2.4% in the first half of 2012 and is set to grow a further 2.9% for the same period next year.  Fitch has projected a growth of 3.5% for 2012, following 2.2% growth in 2011.  Earlier in the year, the IMF projected GDP growth of 2% in 2012 rising to 2.8% in 2013.

Cluttons has noted a significant increase in activity in the office sector during Q3 2012 due to a combination of competitive rates, generous rent-free periods and fit-outs paid for by the landlord providing enough incentive to convince tenants to start committing to long term leases again.  Al Nakheel Tower in Seef has already reached 40% occupancy just three months after completion and Unisono Tower in Sanabis has reached 90% occupancy, with 30% of the building being let in the last three months.

?      ‘Renters market’ driving tenants to bargain hard for lower rental rates
?      Demand centred on high quality, modern accommodation, with good facilities  
?      Increased property in the sales market as owners look to recoup their investment  
?      Bahraini middle income housing projects are showing positive activity 

Manama, Bahrain: 8     October 2012 – Cluttons, the real estate specialist which has enjoyed a dedicated Middle Eastern presence since 1976, today announces its Q3 market report for Bahrain’s residential market 2012. The residential market in Bahrain is seeing mixed performance with many areas experiencing a decline in rental values over the last six months as the perception of a ‘renters market’ is driving many tenants to bargain hard for lower rental rates.  The sales market has seen an increase in properties for sale across the Island as an increasing number of expatriate owners look to recoup some of their initial capital and GCC buyers take a longer term view of the market.  

Current tenant demand is focussing on modern developments providing additional facilities and amenities, with attention to quality fittings.  This is can be seen in the Juffair where new developments such as Fontana Towers are sparking a renewed interest in the area, with enquiries for residential accommodation showing a marked increase over the past three months.  The strengthening villa rental prices in areas such as Adilya and the Amwaj Islands is a sign that the market is nearing the bottom of the rental cycle.