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o f f i c i a l s h ow n e ws pa p e r
6 - 8 September 2016
Dubai World Trade Centre
UAE
Opening Hours
Tuesday
6 Sept 10:00 19:00
Wednesday 7 Sept 10:00 19:00
Thursday
8 Sept 10:00 19:00
DAY 2
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www.cityscapeglobal.com
H.H. Sheikh Mohammed bin Rashid Al Maktoum

tours 15th edition of Cityscape Global
The worlds largest and most influential real estate investment and development
event for emerging markets opened its doors yesterday, highlighting an innovative
future for Middle East real estate
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starting from AED 699,888
His Highness Sheikh Mohammed bin Rashid Al
the real estate industry in the Middle East, built on a
Maktoum, Vice President and Prime Minister of the UAE
combination of innovation and a modern interpretation
and Ruler of Dubai, toured the 15th anniversary edition
of traditional design.
of Cityscape Global yesterday morning as the event

opened its doors at the Dubai World Trade Centre.
The three-day event conveys bright prospects for
As the first rush of visitors entered the exhibition

halls at Dubai World Trade Centre to examine a huge
TURN TO CONTINUE READING
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6 - 8 September 2016 | Dubai World Trade Centre, UAE

Continued from front page
range of developments from across the region and

overseas, experts had already provided fascinating
insights into what the immediate future holds for the
property market.
While the shape of things to come in real estate is
based on new and emerging technology, architects
and designers assembling at Cityscape Global have
already been told that, in order to ensure a sustainable future for the property market, they must revive
ancient knowledge and make use of timeless traditional
methods.
This was one of the powerful messages delivered at
the Cityscape Conference, themed Discovering the
Future of Real Estate, which preceded the opening of
the exhibition on Monday and attracted 1,200 delegates to the Conrad Hotel Dubai.
In presenting a view of the UAEs skyline 20 years
thermally driven ventilation, as well as naturally insu-
sating activity at the Cityscape Global exhibition which
lating, reflective materials.
brings together 272 international and regional exhibi-
from now, Jane Duncan, President of the Royal Institute
The Cityscape Global Conference featured three ded-
of British Architects (RIBA), stressed the importance
icated sessions: Market Overview, Architecture and
The 15th edition of Cityscape Global is supported by
that can be played by incorporating traditional tech-
Real Estate Brokers with other prominent speakers in-
the Dubai Land Department and Foundation Partners:
niques into design of modern property.
cluding Ahmed Al Ansari, Acting CEO, Dubai South, Lara
Emaar Properties, Dubai Properties and Nakheel; Plat-
Duncan said todays architects should embrace and
Al Barazi, Research Director at YouGov, UAE, Ahmed Al
inum Sponsors: Al Marjan Island and Union Properties;
revive design and construction methods which helped
Khatib, Vice President of Real Estate at Expo 2020 and
Silver Sponsor: DAMAC Properties; Registration Trus-
Dubais development from fishing port to commercial
senior representatives from Dubai Land Department.
tee Partner: Tamleek; Project Marketing Sponsor: Aqua
hub by keeping buildings cool using shade, wind and
The conference set the stage for three days of pul-
tors across 41,000 square metres of exhibition space.
Properties; and Research Partner: YouGov.
Event INFORMATION GUIDE

FP
CONVENTION
GATE ENTRANCE
LEGEND
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PAID PARKING
VISITOR REGISTRATION
MP
MENS PRAYER ROOM
SALES OFFICE
FP
FREE PARKING
MEDIA REGISTRATION
LP
LADIES PRAYER ROOM
ORGANISERS OFFICE
VIP & AWARDS REGISTRATION
FIRST AID
MEDIA AND VIP LOUNGE
CITYSCAPE TALKS
CAFE
VIP
TAXI
VP
VALET PARKING
VP
HALL 8
HALL 5
HALL 2
SHEIKH
MAKTOUM
HALL
PP
HALL 7
HALL 6
HALL 1
NOVOTEL
HOTEL
HALL 3
MP
SHEIKH
RASHID
HALL
HALL 4
IBIS HOTEL
ENTRANCE
VP
TRADE CENTRE
TOWER
VIP
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PLAZA ENTRANCE
VP
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SHEIKH SAEED HALLS
ENTRANCE
TRADE CENTRE ARENA
SAEED HALL 1
SAEED HALL 2
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SHEIKH ZAYED ROAD

DUBAI METRO
Investing in Korea :
Korean Free Economic Zones
Invest KOREA, the Korean Free Economic Zones (KFEZ),
and governmental bodies of the Republic of Korea,
cordially invite you to Investing in Korea: Korean Free Economic Zones.
This event will be the perfect chance for you
to discover valuable business and investment opportunities in Korea.
Venue : Conrad Hotel, Sheikh Zayed Road, Dubai
Date / Time : September 7, 2016, 19:30-22:00

* This conference is exclusive and by invitation only
Please direct RSVP and questions to A.K.M Shaullah,

Senior Commercial Manager (Investment & Projects)
WP +971-4-450-4360
Mobile +971-50-451-1216 E-mail : akmsh55@gmail.com
To register : http://investkorea.org/en/cityscape.jsp
There will also be a KFEZ Pavilion at Cityscape Global 2016 (Dubai World Trade Center Hall4, 4C39) providing investors with
information on Koreas economic climate and its appeal as an investment destination. We ask for your continued interest and support.

NEWS & EVENTS
Cityscape Talks
Day 2 programme
Cityscape Talks is a free to attend
interactive seminar, taking place on
the show floor in the middle of Hall 2
Global real estate outlook

Aqua Properties will be kicking off this mornings Cityscape Talks with a seminar on: Real
Estate The New Global Currency
Time: 11am
Energy efficiency in FM
Omar Rawashdeh, Director External Project
and Technology of Etisalat Facilities Management will be highlighting conservation of
energy in facilities management in his discussion:
Energy Management Trends and Dubai Energy
Efficiency by 2030
Time: 1pm
The geography of Dubai
Asteco releases UAE Cityscape

real estate report
Asteco has released a special Cityscape report on
Dhabi, where resulting job cuts in the last 6-8 months
the current status of the UAE real estate market reveal-
led to H1 2016 residential rental rate declines of 3% on
ing a general slowdown in all emirates, but highlighting
average, with high-end units down by 4%; and a subdued
David Godchaux, CEO of Core Savills will be

taking on the ever-evolving geography of
Dubai in his presentation: Dubai today vs the
future of Dubai, the centre is always changing
marked differences between Abu Dhabi and Dubai.
sales market.
Time: 1.30pm
Dubai market trends

Dubizzles Senior Product Marketing Manager,
Ann Boothello, will provide Q1 and Q2 data on
market trends in Dubai, including price trends
and popular districts
Dubai experienced a slow first six months, but for dif-
We are seeing two unique pictures emerge for the
ferent reasons, with developers slowing the pace of pro-
residential sector in both emirates. What is interesting to
ject completions and handovers due to the forecasted
note in Dubai is the decision of families to downsize and
oversupply of residential properties in the market, which
even send spouses and children home in an effort to save
prompted a slight decrease of around 2% and 1% respec-
money, said John Stevens, Managing Director, Asteco.
tively on rental rates for apartments and villas.
Dubai added 2,000 new primarily mid-level and
The cumulative effect of falling oil prices and the
affordable apartments and 200 villas and townhouses
resulting cuts to government budgets over the last 18
in H1 2016, with affordable developments such as Siraj
months has been the catalyst for the slowdown in Abu
Tower at Arjan and 400 units in Dubai Silicon Oasis.
Time: 2pm
Riyadh needs more affordable housing says Chestertons
Invest in Berlin
Chestertons KSA has released its Q2 2016 report for
For more information on the European investment market, join Samira Issa, Project Manager
at Rubina Real estate, as she gives insight into
Berlin, Germany in her presentation: Berlin
Europes real estate investment capital
Riyadh, the first ever analysis of the Saudi capital by the
Time: 3pm
points out that Riyadhs population has grown by 52%
consultant. The report highlights that there is increasing

demand for affordable housing, as Riyadhs population
growth continues to outstrip property market supply.
The Riyadh Real Estate Market Overview for Q2, 2016,
over the past 15 years and currently stands at 6.5 mil-
BIM, smart cities and

intelligent manufacturing
The Royal Institute of British Architects (RIBA)
will discuss: Managing information and knowledge the effective delivery of BIM, smart
cities and intelligent manufacturing
Time: 3.30pm
lion (6,506,700) people in 2016. However, only 500,000

units have been built during the same period, leading to a
dearth of low cost housing across the capital.
tons MENA. So far the impact on rental rates has been
The Saudi government is all too aware of the acute
minimal, but it is beginning to drive prices higher in some
shortage in low cost housing units, but continuing low oil
areas that have traditionally provided value-led accom-
prices have resulted in inevitable cuts in public spend-
modation for budget conscious tenants, he added.
ing, which has in turn hit public housing projects, said

Declan McNaughton, Managing Director UAE, Chester-
Average annual rental rates for apartments in Riyadh

are currently USD 7,182.
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The Dubai real estate market in 2016

Cityscape spoke to Richard Paul, Head of
Residential Valuations at Cluttons, to get
an expert insight on the current
market situation
value drops. Going forward, the market needs to continue

maturing and regulations need to be strengthened
even further to ensure that Dubai is one of the worlds
most attractive propositions for international institutional capital.
Q. Despite softening market conditions, market sentiment towards Dubai remains quite positive for the
Q. Which real estate sector would you say currently offers
medium/long term. What are the primary reasons for this?
the most attractive investment opportunities in Dubai?
The softening performance of the global economy has
The variety of investment options available in Dubai
led to gradual decline in capital and rental values in Dubai.
ranges from low-end high yielding residential units
However, the emirates diversified economy is likely to
in peripheral schemes such as International City and
help curtail volatility in values and rents in the medium
Discovery Gardens, to more sophisticated investment
to long term with the Expo Effect set to be a significant
options in the office market, where yields can range from
catalyst for residential demand.
6.5% to 9%.
Specifically, large scale infrastructure projects linked to
For international investors, declining residential sales
the hosting of Expo 2020, such as the recently announced
values in Dubais key submarkets signal an opportunity.
AED 3.67 billion investment in transport infrastructure
Stock in The Springs, Arabian Ranches, The Meadows and
upgrades, the completion of mega tourist attractions
Palm Jumeirah for example have all witnessed declines in
such as the 1.5 million sq ft IMG Worlds of Adventure and
recent months and are standout locations for investors.
the 25 million sq ft Dubai Parks and Resorts theme park,

the imminent awarding of contracts for the Expo 2020
site and the second phase expansion of Al Maktoum
International Airport are expected to drive up demand for
residential property in the city sharply.
Q. The UAE has been an investment hotspot in the
Stock in The Springs, Arabian

Ranches, The Meadows
and Palm Jumeirah have all
witnessed declines in recent
months and are standout
locations for investors.
For GCC investors, there is also the increasingly

popular asset class of worker accommodation, which
can offer yields of between 10% and 20%. This variation
in yields is very much dependent on covenant strengths
and the calibre of the occupier. Increasingly, global blue
chip corporates are taking up office space in Dubai and
are looking at longer lease lengths, which is helping to
Middle East for some time now. What sort of factors
grow the pool of internationally attractive investment
attract investors to the UAE market?
grade assets.
Dubais attraction stems from its ability to offer a
following several successful regulations and measures
world class business environment and infrastructure
implemented by the government. What sort of meas-
Q. If you were to pinpoint the single biggest challenge
that is unmatched anywhere else in the Middle East.
ures would you like to see being taken to make the market
that the Dubai market faces in the short to medium term
Furthermore, the lifestyle available in Dubai through
more attractive to international institutional capital?
what would that be?
second home ownership is unrivalled in the region, which
The government has taken the necessary steps in recent
One of Dubais biggest challenges is getting the supply-
is a particularly big pull factor for investors.
years to regulate the property market and improve
demand equilibrium right, which largely comes down to
transparency as it continues to mature. As the market
realistic planning. In the past, when the market has been
Q. Experts agree that the Dubai market has become
softened over the past two years, these measures
in an upward cycle, too many new schemes have been
smarter and more mature since the property crash,
succeeded in retaining confidence and controlling sharp
released. This inevitably leaves an over-supply of stock

and as weve seen over the past number of years, it
eventually forces the market into a downward cycle.
Q. What is your overall outlook for the Dubai real estate
market for the remainder of the year/early 2017?
In Dubai, the residential market is experiencing price
corrections across the board, with the exception of
key locations that are associated with quality and/or
affordability and this is expected to persist. In fact, off-plan
launches in locations such as Downtown Dubai, are likely to
continue uninterrupted. The residential rental market, like
Abu Dhabi, is expected to record further falls at the luxury
end of the property spectrum, but with jobs growth likely
to turn around in the next 12 to 18 months, the rate of falls
should start to moderate toward the back end of 2017, with
a weak recovery likely in late 2017, or early 2018. Once the
market starts to stabilise, we will be better positioned to
assess when prices and rents will rise again.

The real The

estate
barometer
Real
Estate Barometer
Attitudes to real estate investment
from
investors in the
GCChome
and Egypt
Attitudes
tohome
real buyers
estateand
investment
from
buyers
and investors in the GCC and Egypt
Capital appreciation
Real Estate
Return on investment
Precious metals
Stocks
11%
Affordable
properties
Reliable
brokers
Smart/energy
efficient
properties
13
74
54%
Key
investment
drivers
Most
attractive
investment
classes
50%
29%
73
68%
Local
economy
73%
Major
71%
investment
concerns
70%
42
28% Current
Investor protection
Global
economy
Currency
fluctuations
market
gaps
Near
educational 41 %
Most ideal
institutions
residential
Near
%
3
9
locations
healthcare
providers
Near the
workplace
Globally the UAE is the most

appealing market for real estate
investment amongst GCC
and Egypt investors
34%
87%
Value for money
Markets
with
50% Kuwait
expected
decline
47% UAE
in sales
prices*
%
Most
important
investment
factors
85%
45
Most
popular
residential
property
34%
%
types
22
*Percentages reflect
respondents who expect a
decline in residential sales
prices in each market.
Three bedroom
apartments
Two
bedroom
apartments
Property quality
Respondent Profile
Data collected by the Real Estate
Barometer in partnership between
YouGov and Cityscape amongst
1,710 respondents in the GCC and
Egypt between 25 July and 8 August
2016. Data is broadly representative
of home buyers and investors in the
GCC and Egypt who currently own
a property or are willing to buy a
property in the next year.
Saudi Arabia

What does Brexit mean for overseas investors?

While Britain still weighs up the implications
of Brexit, Cityscape takes a look at the
opportunities this opens up for international
investors looking for a slice of the action
in the key real estate markets of London,
Birmingham, Manchester and beyond
While the UKs decision in June to leave the European
Union has had an immediate impact on the financial markets, the question rises what are the implications of the
exit vote on the countrys property markets?
Opinions are mixed. Some experts claim fortune
favours the brave and now is the time to invest, while
others are urging caution and a wait and see approach.
Price drops & currency wins
With the market in a period of uncertainty, some
softening is expected in the prices of property for sale
good news for overseas investors.
The devaluing of the pound against the dollar makes
property in the UK an even more attractive proposition
for those buying in dollars or currencies index-linked to
the dollar, such as many Middle Eastern currencies.
The 12% drop in the value of the pound against the
should you hold steady and ride the possible
Future investment & long-term goals
dollar since the referendum result offsets our expec-
storm? Stuart Johnson, Business Development Man-
Its hard to predict what the future may hold for the
tation of a 5% fall inprices in the short term. That said,
ageratPrime Centrum, said that if you were not plan-
UKs property market. One thing is for sure there is
nobodycanmakepredictions with any certainty at pres-
ning to sell before the EU Referendum result then
a long period of uncertainty ahead, while the country
ent, so one has to err on the side of caution whenoffering
there is no reason to sell now. Providing the prop-
re-establishes its relationship with Europe and with
opinion, pointed out Louisa Brodie, Head of Search and
erty is located where good tenant demand exists,
its other global trading partners.
Acquisitions at Banda Property.
which is the case for many UK cities, there is no need
However, its appeal with Middle Eastern investors
With currency discounts of tens of thousands of
for concern. Indeed, rental demand is increasing in
is unlikely to diminish, with London remaining a draw
pounds, American, Middle Eastern and Far Eastern
many cities and during the current uncertainty less
card for any would-be property investor.
investors have all made enquiries [since the vote] and
locals are looking to buy new homes for the first time,
they arentoverlyconcerned with the prospect of short-
hence increasing demand, he said.
The underlying strengths of the UK economy

remain in place and there continues to be a demand/
term price dipssince their goals are long term, she added.
Ray Withers, CEO of Property Frontiers, agreed now
supplyimbalancethat will underpinprices. Demand
Martin Bikhit, Managing Director of Kay & Co, said: We
isnt the time to sell. Investors who already hold a UK
for prime London property rests on a wide range of
have seen a rise in the number of Middle Eastern and
property portfolio should hold tight and wait for the
drivers, most of which are unaffected by the referen-
Indian buyers since the referendum; we have secured the
exchange rate to improve. For those who hold mort-
dum decision. Furthermore, in a weakening global
sales of three prime apartments valued between GBP 5
gages, the likelihood of falling interest rates is good
economy, Londons property market will still be seen
million and GBP 15 million since the value of sterling fell.
news, he said.
as a safe long-term investment, Brodie of Banda

Property explained.
Steve Povall, Managing Director of Residential Estates,
Meanwhile, Marc von Grundherr, Lettings Director at
said the drop in currency makes now the perfect time to
Benham & Reeves Residential Lettings, has found that
Black Bricks Dell believes the Super Prime market
enter the market as an investor.
existing owners are actively looking to expand their
will be the least negatively affected, with the col-
portfolios, following the Brexit vote.
lapse of the sterling meaning that dollar buyers are
As a foreign investor, now is an excellent opportunity to purchase UK property, particularly at the
Lots of our overseas clients have been in contact as
actually factoring in a 12.5% increase in their pur-
cheaper end of the market. Student property remains
they are now actively looking to add to portfolios. Even
a strong investment as student numbers increase
clients who had said London was too expensive are now
For the global elite buying properties at GBP
from both the UK and abroad at the countrys most
re-examining the situation due to the sterling drop ver-
20 million or above, purchases tend to be about
prestigious universities, he said.
sus the Dirham. Further clients who had said they did not
lifestyle choices, rather than business decisions, or
want to let as they were considering selling are chang-
are to diversify extremely large portfolios. Indeed,
Existing stock & current owners
ing their minds and putting the properties back up for
we are still seeing transactions continue; Brexit
The UK market seems well positioned for those
rent.Weve also seen a verypositive response in the
did not feature in conversations with clients in this
looking to make an entry, but what about those
rental sector. Not only is demand up, but tenants are keen
part of the market before the referendum, and it is
already holding a property or portfolio of prop-
to sign two or three year leases, something that was
unlikely to be much of a factor now it is underway,
erties in Britain? Is now the time to get out, or
relatively uncommon until recently, he explained.
she remarked.
chasing power since before the poll.
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A N D E N T E RTA I N M E N T D I ST R I C T, L AU N C H I N G
FO R T H E F I R ST T I M E I N T H E M I D D L E E A ST.
WHERE
WHEN
Stand 3A10, Core Savills,

Hall 2, CityScape Global Dubai
6-8 September 2016

10am-7pm
L AU N C H I N G U P P E R R I V E R S I D E
Architecture by SOM, designers of Burj Khalifa
Roof terraces, wellness spa and pool, private cinema
2 minutes to Canary Wharf
Prices from GBP 510,000*
T: +971 4 388 3339

E: international@core-me.com
Mins
Canary Wharf
Financial District
Mins
The Shard
(London Bridge)
13
Mins
Houses of Parliament
(Westminster)
14
Mins
London City
Airport
15
Mins
The Ritz hotel

(Green Park)
17
Mins
Mayfair boutiques
(Bond Street)
All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. This is an overseas investment. As overseas investments carry additional financial, regulatory and legal risks, investors are advised to do the necessary
checks and research on the investment beforehand. The market information appearing in this publication is obtained and re-transmitted from sources believed to be reliable but which have not been independently verified; no guarantee, representation or warranty is made and no responsibility
or liability as to its accuracy or completeness is accepted. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this publication. The market information provided in this publication is not and should not be construed as an offer to sell or
the solicitation of an offer to purchase any landed property and, accordingly, do not have any legal binding effect whatsoever on Core Savills and/ or its clients. The market information contained in this publication is not intended to provide any professional advice. As such, this publication
should not be relied upon in that regard. *Prices are correct at the time of print.

Exhibitor Q&A: Emaar Properties

Cityscape spoke to Fadi Shaher El Borno,
General Manager for Joint Ventures at Emaar
Properties, on the back of the unveiling
of their latest mixed-use development
in partnership with Dubai South. Emaar
South will be a vibrant residential and
suburban lifestyle destination, serving as
home to hundreds of thousands of people
expected to work in the various integrated
districts of Dubai South, greater Dubai
area, and in close proximity to Abu Dhabi
carefully incorporated into the masterplan.

The development will also feature six districts
anchored by an 18-hole championship golf course &
clubhouse, and a number of large community parks. The
masterplan also includes a K-12 educational institution,
a mosque and a golf villa recreational centre. Every
aspect of the development is centred on the concept
of open spaces.
Q. Who are the architects of this project?
In terms of the overall masterplan we worked with JZMK,
a Californian-based architecture firm, and in terms of
infrastructure we worked with Arcadis.
Moving forward, in terms of our production planning,
we always like to promote local architects. The products
Q. Can you give us an overview of the Emaar South project
that will soon be launched have been designed by local
which you announced on Monday?
architects. We want to promote home-grown talent here
Emaar South spans over 6.7 million sqm, which makes it
in the UAE.
quite a sizeable and a magnificent project. It comprises
The market understands that we have a robust
15,000 town homes, townhouses, villas and apartments.
delivery system and so works have already started on
Supporting
the site. The market will be pleased with the progress in
the
residential
aspect
are
schools
and mosques.
Fadi Shaher El Borno
the coming months.
a number of outdoor activities. In addition, it will also
offer a sustainable and unique living opportunity for
Q. What is your aim with participating at Cityscape
feature a dedicated golf district. This will be a residential
the residents of the UAE.
Global 2016?
There will also be retail precincts, 3 & 4 star hotels, and
and suburban lifestyle destination. We have a strong
Were also looking at smart planning and offering
We want to introduce Emaar South to the market,
team of consultants and architects, both international
gracious spacious and linear parks. We want the
answer any questions about the project and hopefully
and local, working on this masterplan.
development to be on the wish list of any resident in
reap the benefits of showcasing this project.
Emaar South will be one of the citys most sought-after
the Emirate.
We want to show this project in its different components
destinations of the future, close to the Expo 2020 Dubai
Sustainability and community living is at the heart
and give investors and customers the opportunity to see
site and just minutes from the Al Maktoum International
of the masterplan. There will be tree-lined boulevards,
and understand its value proposition and its value add to
Airport, set to be the worlds largest welcoming 220
walking & bicycle trails, and a public transport network
Dubai South and the UAE as an overall living destination.
million annual passengers. With people working at the
including vehicles for clean transport and pede-
Chairman of Emaar Properties, Mr Mohammed
Al Maktoum International Airport, Aviation District and
strian walkways.
Logistics District, Emaar South will also be a magnet for

visitors who will attend Expo 2020 Dubai.
Alabbar, mentioned that Cityscape is a celebration of
At every community we ensure that a park is no more
construction and this project certainly is. Emaar has a
than a 200 metre radius away from it so residents can
lot of star projects at this years Cityscape Global and
become involved; whether to have a picnic or to enjoy
Emaar South is just one of our stars.
Q. What is the vision behind this project and how will it be a
the playgrounds for children. We wanted to ensure
A model of Emaar South is displayed at Emaars
smart, green district?
that residents dont need a car to go from point A to B
stand at Cityscape Global 2016, which will be the first
One of our goals, in partnership with Dubai South, is to
in this development and this was an element that was
public preview.
Tiered townhomes
Masterplan
Golf Villa
Exhibitor Q&A: Majid Al Futtaim

Cityscape spoke to Hawazen Esber, Chief
Executive Officer of Communities, Majid
Al Futtaim Properties, to get an insight
on the developers current projects and
future plans for the UAE and beyond

villas due for handover in Q4 of 2016, while Al Narjis

neighbourhood is already 55% sold, indicating a growing
appetite for owning a home in Al Zahia.
Moreover, Al Zahia will offer around 1,000 apartments
ranging from studio to two-bedroom units. Buildings B
and C of the Garden Apartments have been launched and
are already 80% sold. Both buildings will be completed by
Q4 of 2017 while the final completion of the community is
scheduled for 2022.
Q. Majid Al Futtaim Communities focuses on creating
In line with Majid Al Futtaims commitment to sustainable
sustainable communities in the Middle East. Can you
development, Al Zahia has been recently awarded the
briefly tell us about your projects in the UAE, Oman and
internationally accredited BREEAM Communities Interim
Lebanon and highlight what the unifying philosophy
Assessment certificate the worlds leading assessment
behind these is?
method for master planning, infrastructure and buildings

to become the 1st community in the region to receive
Majid Al Futtaim Communities creates, develops and
this award.
manages landmark lifestyle destinations, which embrace

the companys pioneering residential, commercial, retail,
leisure and entertainment experiences. All of our projects
Q. What are your plans for the next few years with regards
are developed in line with the companys overarching
to residential developments in the region?
sustainability and green building policies to promote
We see tremendous opportunity across the MENA region
social integration and healthy living environments. Our
for both Majid Al Futtaim and our community partners
existing communities portfolio includes three projects,
Hawazen Esber
with a combined land area of four million square metres.
who trust us to help them unlock the growth potential

these markets represent. We are actively exploring new
Al Zahia is the first master planned gated community
opportunities for creating, developing and managing
in Sharjah, UAE. This mixed-use development provides
new destinations in the UAE, Oman, KSA, and Egypt,
the highest standards of green living environments with
which enable us to bring our vision to life and unite the
themed parks, leisure facilities and prime retail living fully
best of Majid Al Futtaims integrated business offerings
connected to the planned City Centre Al Zahia. It offers a
in one place.
range of villas, townhouses and medium-rise residential
We will continue to invest in our three existing
apartments as well as boutique commercial villas. The
master developments to ensure we deliver the highest
development will comprise six neighbourhoods and will
quality of community living. The latest addition to our
be home to 12,000 residents when completed. Al Zahia is
Communities portfolio in Dubai, which is currently under
owned by Sharjah Holding, a joint-venture between Majid
planning, will be the 1st independently owned master
Al Futtaim Properties and the Government of Sharjah.
development by the company. Strategically located on
Al Mouj Muscat in Oman spreads along a stunning
H.H Sheikh Mohammed Bin Zayed Road, the project will
six kilometre stretch of coastline offering outstanding
feature premium quality apartments and City-Houses
lifestyle and leisure experiences in the heart of new
within landscaped neighbourhoods, including parks and
Muscat.
development
animated boulevards. It will also boast a regional shopping
comprises residential properties interspersed with
mall offering a wide range of retail, leisure, healthcare and
green spaces, inland waterways, exciting retail and dining
entertainment offerings, as well as commercial facilities.
options, a 400-berth marina, and Omans only signature
We are currently in talks with a number of leading
PGA Standard 18-hole golf course, designed by Greg
local, regional and international master planners with a
This
premium
mixed-use
Norman. Al Mouj Muscat is a growing community of more
Al Zahia - Sharjah - UAE
view to reaching a final agreement on the plan towards

end of 2016.
than 4,000 residents hailing from over 72 countries. Al

Mouj Muscat is a strategic partnership between Majid Al
supporting the business eco-system. Waterfront City is
Futtaim Properties and the Government of Oman.
a joint-venture between Majid Al Futtaim Properties and
Q. This is the second time that youre exhibiting at
Societe Joseph Khoury et Fils.
Cityscape Global; what is your aim with participating at the
Overlooking the Mediterranean Sea, Waterfront City
show this year?
blends maritime lifestyle and vibrant neighbourhood

environments with leisure, hospitality, business and retail
Q. How is the Al Zahia project in Sharjah coming along, how
Cityscape Global is well known for bringing together the
components to deliver an unparalleled living experience.
has the interest for this project been so far and who are you
full spectrum of real estate professionals to network and
This master development will offer residents and visitors
targeting with this development?
discuss the critical business issues affecting the global
the opportunity to access 2,000 intelligently designed
Al Zahia has quickly become one of the most sought
real estate market place, including investors, developers,
living spaces of varying sizes, accompanied by a mix of
after residential communities in Sharjah as it offers
regional authorities, and service providers.
world class shopping, numerous dining options and unique
high-standard, modern family homes, which embrace
Given the caliber of the event, we believe that this
entertainment offerings. The project will feature the
traditional values, set within green, open spaces and
opportunity presents an excellent platform for Majid
first Business Park in the region with more than 70,000
themed parks, all within an integrated, master plan-
Al Futtaim Communities to meet with and learn from
sqm of LEED certified offices, offering a full employee
ned community. Al Jouri neighbourhood comprises 49
influential experts and potential partners, while
centric environment and state-of-the-art services
villas which are fully occupied and 197 townhouses and
positioning itself as a global thought leader in real estate.

Water villas are

the new lifestyle
in the UAE
Floating residences are designed
to offer people the ability of being
connected to nature while still enjoying
the comforts of a luxury home close
to the hustle and bustle of the city
Floating villas in the UAE are proving that theres
a sea of possibilities when it comes to new and unique
homes in the country.
At the end of this year Dubai will get its first set of
floating villas and over the next few years several floating
homes and even restaurants will dot the emirates water-
ers are introducing this unique concept to the country.
Living by the water has a calming

effect - it helps people feel close to
nature without necessarily moving
away from cities.
UAEs FIRST FLOATING VILLAS
a body of water, whether it is a pond or ocean. How-
The Floating Seahorses by Kleindienst will be built
ever, the Floating Seahorse is very different to others.
around all the islands on the Heart of Europe on The
While there are floating homes on pontoons around
ways and sea.

With studies claiming that living near water has a positive impact on human wellbeing, its no wonder develop-
World, which comprises six man-made islands, more
Floating Seahorse, Kleindienst
than a dozen hotels, and the worlds first climatecontrolled streets in Dubai.
The Floating Seahorse is a three-storey home and fea-
the world, the Floating Seahorses are truly unique, as

the only homes that have a totally submerged under-
Floating Seahorse boasts an underwater bedroom and
water level with floor to ceiling underwater glazing,
bathroom and open areas for relaxing above sea level.
says Kleindienst.
tures a totally submerged floor beneath the sea with 25
The company, who are exhibiting at this years
Fascinated by the sea, Kleindienst has been dreaming
sqm windows, giving the owner a perfect view of Dubais
Cityscape Global, will also include a signature edition,
about the idea of a floating villa for 30 years, believing the
marine life. Architects have equipped these villas with
which Kleindienst says contains fully customisable inte-
sea to have a calming and restorative effect on wellbeing.
neutral buoyancy in order to prevent it from bobbing and
riors with four living/sleeping rooms. Outdoor areas on
Although, surprisingly Kleindienst himself admits hes
causing sea sickness.
the Floating Seahorse can be fully enclosed to ensure
afraid of the sea.
The Floating Seahorse was designed and developed

to combine the best of a luxury yacht with a modern-day
privacy. Prices for the signature edition villas start at

AED 12 million.
According to a recent study in Health & Place journal,

living by the water has a calming effect - it helps people
villa, says Kleindienst Chairman, Josef Kleindienst. With
Internationally, we have always seen a large num-
feel close to nature without necessarily moving away
three levels underwater, sea level and upper deck the
ber of people interested in living on coastlines or near
from cities. I became interested in the idea of the Float-

ing Seahorses about 30 years ago. While I was afraid

of swimming, I was constantly fascinated by what my
brother, a diver, saw and experienced underwater.
Therefore, it is that glimpse into the mysterious sea that
appeals to me personally, he explains.
A NEW WAY OF LIFE
Kleindienst says he has noticed a rising trend of floating
villas around the world. Property end-users and investors around the world are constantly interested in new
and unique offerings. However, we have found that people
are especially captivated by how the Floating Seahorses
float in the open sea, and are designed to look more like a
villa than a boat. Given this positive reaction, we only have
three Floating Seahorses left on the market, he says.
Around 50 floating units will be ready at the end of this
year, and a few villas are expected for 2017.
The floating villas are quickly gaining traction in the
UAE as lifestyle concepts, giving potential homeowners a
variety of options when it comes to choosing a home or a
retreat away from city life.
Take for example Dutch developer New Living on
Water (NLW), who will showcase its organic shaped floating residence at this years Cityscape Global, a first for the
Middle East.
A lot of people nowadays live in very densely populated areas, and for most of them this is no problem in everyday life, said NLWs Managing Director and co-owner,
Menno de Roos. But the need for some privacy and the
Floating residences by New Living on Water
inner need of being connected to nature has always been

with us, and thats what were offering.
De Roos says that their villas were developed for a
small-niche market with sustainability in mind in order
nade in the Emirates, spanning 12 kilometres and the regions first purpose-built yachting destination.
Our approach to the real estate landscape has gone

far beyond the construction of towers and buildings, to
to create mutual respect between humans and envi-
Dubai Holding, through its real estate arm Dubai
encompass innovation and creativity; a symbol of the
ronment. Renewable energy sources are used as much
Properties Group, is showcasing its AED 1 billion water-
civilization of Dubai and the UAE and an essential instru-
as possible.
front destination along the Dubai Creek at this years
ment contributing to the happiness of the people as envi-
Taking waterside developments to a whole new level
Cityscape Global. It will have water homes which are
sioned by H.H. Sheikh Mohammed bin Rashid Al Maktoum,
is Dubai Holdings recently announced Marasi Business
accessible by boat, retail options, floating restaurants,
says H.E. Mohammad Abdulla Al Gergawi, Chairman of
Bay, which will feature the longest waterfront prome-
leisure facilities and palm tree-lined marinas.
Dubai Holding.

Oasis Eco Resort, Liwa, UAE
Ecotourism projects on the rise

The gaining popularity of ecotourism developments in the region signifies a new chapter in the UAE tourism sector
Investing in ecotourism is no longer a choice, it has
natural areas with the objective of promoting conserva-
to create beneficial effects for the environment by con-
become a necessity. This according to experts, as eco-
tion of natural habitats, whilst protecting and empower-
tributing to environmental protection and conservation.
tourism begins to take shape in the UAE.
ing local communities socially and economically.
A relatively new concept, ecotourism is gaining popu-
Ecotourism can raise awareness of environmental

values through educational programmes and experien-
larity across the UAE with residents and travellers look-
Disadvantages of conventional tourism
ces. It can also serve as a tool to protect natural areas and
ing to stay in resorts which adopt socially responsible
For Bagherian, the impacts of uncontrolled conventi-
increase their economic importance. Ultimately, ecotour-
conservation practices.
onal tourism cause harm to natural areas. This can lead
ism provides more than environmental benefits, such as
Ecotourism is primarily based on educating travellers in
to impacts such as increased pollution, soil erosion, loss
economic and socio-cultural benefits, says Bagherian.
order for them to gain an appreciation of natural habitats.
of natural habitats and endangered species. It puts pres-
Designer and Founder of sustainable UK-based archi-
sure on water resources and it can force local populations
A new concept emerges
tecture firm Baharash Architecture, Baharash Bagherian
to compete for the use of critical resources, he says.
Over the last 40 years the UAE has focused on trans-
explains: Ecotourism is a form of responsible travel to
But with conservation techniques, it has the potential
forming itself into a major entertainment, leisure and

business destination, Bagherian says, adding that the
the Government of Umm Al Quwain announced Firdous
creation of airlines, construction of modern transport air
Sobha, a 53 million square feet (three times the size of
and ground infrastructure, combined with major attrac-
Palm Jumeirah) island resort development in Umm Al
tions and shopping malls, have all contributed towards
Quwain. The development aims to develop and grow
the UAE becoming the regions leading leisure and busi-
the emirate as a commercial and tourist attraction with
ness tourism destination.
villas, communities, hotels and resorts, a wellness des-
This is one of the key differences between the UAE and
tination and an array of recreational activities.
other leading ecotourism destinations around the world.
Located on Al Seniyah Island, with one of the larg-
Whilst the UAE has many unique natural landscapes with
est areas of undisturbed and varied coastal environ-
rich local heritage, the country needs to create more
ment remaining anywhere in the UAE, Firdous Sobha
destinations that provide a true ecotourism experience,
is equipped with a mangrove coastline and will offer
he says.
ecological zones, canals and lagoons along with water-
Bagherian, who was one of the speakers at the
front homes.
Cityscape Global Conference that took place on 5th Sep-
Sobha will preserve the environment enabling res-
tember, says that by 2021 the UAE is expecting to wel-
idents to come face to face with an array of wildlife
come 45 million people, of which 31 million will be international tourists, and some of which will be looking to
explore the regions natural attractions.
There are many spectacular landscapes to experience
in the UAE, such as beaches, mountains, deserts, wadis
Transforming the rapidly

growing tourism sector into a
green economy, by investing in
ecotourism is no longer a choice,
it has become a necessity.
and the sea, he says. The UAE also has an ambitious

goal of becoming one of the most sustainable countries
including falcons, turtles and gazelles.

The emirates Crown Prince, Sheikh Rashid bin Saud,
encapsulated the project at the signing ceremony
earlier this year: We are targeting ecotourism rather
than high-rise buildings. We want to have this islandfriendly feeling to the emirate. Construction is expe-
animals that thrive in this area.
cted to start next year.
in the world. Transforming this rapidly growing tourism
At the very early stages of the project, it was revealed
This year Sharjah launched the first-of-its kind eco-
sector into a green economy, by investing in ecotourism
that groundwater could be extracted using a deep well.
tourism and archaeological project in the UAE, featur-
is no longer a choice, it has become a necessity.
This gave Bagherian and his design team an opportunity
ing tours of ancient sites and safari-type excursions.
In order to drive ecotourism and conservation in the
to create a narrative around a spring, which was of criti-
Located in Maliha, the site includes findings dating back
region, Bagherian and his team have been tasked to
cal importance to Bedouins for trade and transportation
more than a million years and has even been nomina-
design the Oasis Eco Resort in Abu Dhabis Liwa Desert,
routes. The spring will be used for crop irrigation, fish
ted by UNESCO as a World Heritage Site. Developer,
aiming to become the worlds greenest eco resort when
farming and recreational activities. The spring will also
Shurooq, said that a planned second phase entails the
completed in 2020. Bagherian and his team will create an
provide a natural habitat for various wildlife, he explains.
construction of the Maliha National Desert Park along
84-suite resort with 157,000 square feet of solar panels.
The resort has pledged to be a zero emission zone,
The resort will also employ wildlife biologists and conser-
meaning vehicles which emit waste will not be allowed
vation staff.
inside the resort vicinity.
The Oasis Eco Resort will become a conservation hub
The resort will support local farmers from around
to protect the many species and various types of wildlife
50 villages in the area by purchasing daily deliveries of
in Liwa, he says. Studying these species in their hab-
organic produce directly from them.
itat will help the resort manage and protect them. The
with resorts and hotels.

Its a sign that ecotourism is developing. For Bagherian of Baharash Architects, its about creating eco
attractions that provide socio-economic and environmental benefits to rural communities.
Ultimately, it takes a holistic approach to create ecotourism destinations. Thus the success of the UAEs
wildlife biologist and conservation staff will monitor and
Upcoming eco developments
new ecotourism industry will rely upon commitment,
preserve the asset of this precious location as well as
Bagherian is not the only one trying to bring ecotour-
coordination and partnerships between private and
educate guests about the various types of plants and
ism into the region. Earlier this year, Sobha Group and
public entities from various sectors, he concludes.

International Insight
Start-up India
Driven by aggressive government
initiatives, the worlds third largest
start-up base is redefining the
dynamics of office real estate
three major initiatives - Startup India, Digital India and
already invested in the Indian real estate space.
Make-In-India, allocating financial resources and ex-
100% FDI allowed in the sector under automatic route
tending smart incentives to push the schemes. The
along with an expected IRR of about 16-20% has attrac-
start-up eco-system in India has been a key contributor
ted many PE firms to look at this sector closely. Similarly,
for rise in investments and job creation. Many start-ups
the wave of digitisation that is underway in India offers
that commenced operations in the later part of the pre-
immense opportunities in the physical real estate space
vious decade have already become medium-sized or
for development of large data centres, says JLLs Puri.
large companies, particularly if we look at some of the
In the real estate space alone, many start-ups have
Data released by Indias National Association for
popular e-commerce companies in India today, says
led to improvement in the way the sector operates. More
Software and Services Companies (NASSCOM) reveals
Anuj Puri, Chairman & Country Head, JLL India, adding
usage of technology in construction, architecture, infor-
that at the end of 2015, India - with 4,500 start-ups-
that from zero contribution to office space take-up, the
mation and brokerage have led to added transparency and
was the third largest start up base in the world, after only
e-commerce sector today contributes over 3% of the
efficiency in the system, which is positive for the sector.
USA (48,000) and the UK (5,000), and ahead of Israel
total office space absorption on an annual basis.
With the Startup India programme, office space leasing
and China. The recent success achieved by a handful of
We expect the growth in this sector to increase over
is seeing an uptick from these companies. Startup India is
Indian start-ups that have made it to the Unicorn List,
time. The government is encouraging start-ups in IT,
also expected to provide support to e-commerce based
along with a thriving entrepreneurial spirit and huge mar-
computing, manufacturing, life sciences & biotech, re-
start-ups which will positively impact leasing volumes
ket opportunity, have fostered the start-up culture in the
tail, etc. The response is tremendous as India is already a
on the logistics and warehousing side as well, says Ram
country. Waking to the immense new potential, global
leading start-up destination, says Puri.
Chandnani, Managing Director - Transaction Services,
and domestic investors have been actively participating
Given Indias dominance in the IT/ITES sector and the
in the sector, having invested INR 33,289 crore (USD 5
recent boom in e-commerce, the initiative of Startup
billion) in the past one year alone, registering an impres-
India, simultaneous with Digital India and Make-In-India
Opportunities for investment
sive 125% growth year-on-year.
campaign, are redefining the countrys commercial real
Emerging commercial clusters in cities such as Bangalore,
The tier-1 cities of Bangalore, Delhis National Capital
estate market. The three initiatives are major growth
Gurgaon, Navi Mumbai and Hyderabad are witnessing
Region (NCR) and Mumbai are the top start-up destina-
drivers, with many global giants already signing up with
new up-takes from start-ups, and this trend is expected
tions with nearly 65% of the total Indian start-up compa-
various stakeholders in India. Manufacturing is the sector
to continue for some time given the availability of large
nies; followed by cities such as Hyderabad, Chennai, Pune,
that can give the much needed boost to the economy and
talent pool and relevant real estate space. Investors
Jaipur and Ahmedabad - and the surge of these new
the Make-In-India movement is expected to give a direct
must look for the right location and asset class in order
businesses is creating a new demand for office spaces.
boost to the manufacturing sector with huge require-
to make the most of their investments. For bulk inves-
ment of land for factories and industries, not to mention
tors, choosing the right developer or investment partner
Era of entrepreneurship
the secondary demand for warehousing and logistics
is crucial, advises JLLs Puri.
The key factors for Indias emergence as the third largest
space, says Gulam Zia, Executive Director - Advisory at
In terms of appreciation, experts predict stable retu-
base for start-ups are the strong macro-economic
Knight Frank India. As a result of these drivers creating
rns from commercial real estate in the key cities that are
and demographic fundamentals of the country -
jobs all over the country, the need for housing and com-
home to start-ups. A steady growth of 6 to 8% in office
a large young population base, thriving IT/ITES and
mercial space requirement is expected to increase multi-
demand is most likely, resulting in 40 to 50 million square
e-commerce sectors, increased instances of funding,
fold, Zia adds.
feet of office space absorption per year. New inventory
along with a cultural shift in the mindset of the average
CBRE South Asia.
will remain under pressure for next two to three years
Indian entrepreneur displaying increasing willingness
Changing landscapes
which is bound to increase valuations in the next few
to commence individual operations.
The vibrant start-up scene and the overall optimism in
years, says Knight Franks Zia, adding that investors
Indias pro-reforms NDA government has identified
related sectors has attracted the attention of leading
may find commercial real estate as a good entry option
entrepreneurship as a key economic driver and launched
private equity funds, who are looking to invest or have
to India especially after the REITs opening in the country.
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ARCHITECTURE FOCUS
charged with human rights abuses. In 2014 Hadid
became the first woman to win the Design Museums
Design of the Year Award for the Cultural Centre.
Projects completing in 2016
The Maritime Terminal in Salerno, Italy, was inaugurated
by Prime Minister Matteo Renzi in April. ZHA won a
competition in 2000 to design the ferry and cruise ship
terminal that will allow 500,000 additional visitors annually. The Port House in Antwerp, Belgium, headquarters
for the Port Authority, is due to open in late September.
It will be an instant landmark adding an extended
floating beam above the former fire brigade building.
The King Abdullah Petroleum Studies and Research
A life in
architecture
Centre in Riyadh, Saudi Arabia is set to open in October.

The project commissioned by ARAMCO started in 2009
on a huge site of 530,000 square metres.
Continuing projects
Known as the Queen of the Curve,

Zaha Hadids work has shaped the
world of architecture forever
Among 36 projects under way is One Thousand

Museum in Miami, a 62-storey condominium tower
across from the Perez Art Museum Miami, designed by
Herzog & de Meuron, one of the most prestigious
locations in Downtown Miami. As always with a ZHA
project, it will look revolutionary and galvanise critics
The death of Zaha Hadid in March at age 65 was a
and supporters when it is completed in 2018 with
shock to the world of architecture, but it did not signal
83 museum quality residences including 4 duplex
the end of her influence. The only woman to win the

Pritzker Prize for Architecture (2004) designed some
of the worlds most beautiful structures. They include
the ones built and performing their intended function; the ones still under consideration and/or construction; and those being continued by Zaha Hadid
Architects, the firm she founded in London in 1980.
With a total of 950 projects in 44 countries and 36
current projects in 21 countries, Zaha Hadid Archi-
Women are always told, Youre

not going to make it, its too
difficult, you cant do that, dont
enter this competition, youll
never win it, - they need
confidence in themselves
and people around them
to help them to get on
Zaha Hadid, 1950 - 2016
tects (ZHA) is too big and too important to stop. Patrik
townhouses, 70 half floor units, 8 full floor penthouses,

and 1 two-storey full floor penthouse. Prices range
from USD 5.7 million to 49 million for the two-storey
penthouse.
Foundation
concrete
was
poured
in
August 2015.
Located in the Burj Khalifa district, The Opus in Dubai
is the first foray into the emirate by ZHA. The Opus
is an exclusive high-rise residential tower that
combines a variety of residences and a design hotel
operated by leading hotelier group ME by Melia Hotels
Schumacher, co-director with Hadid in ZHA, says in a
in Rome (2010). MAXXI was awarded the 2010 Stirling
International. The cube structure features an organic
recent documentary film, I believe the kind of organ-
Prize, the most prestigious award for architecture in
void right at the heart of the building, which is
isation we are is unprecedented and is yet to evolve.
the UK. However, in the same year, Hadids dramatic
flooded with light at night, bringing to life the distinct
ZHA has more than 400 staff representing 55 nations.
Guangzhou Opera House was completed in that city
character of the building.
as well as the Sheikh Zayed Bridge in Abu Dhabi, and

Earlier projects
the iconic international projects continued.
The Vitra Fire Station in Weil am Rhein, Germany
ZHA without Zaha Hadid

Patrik Schumacher met Hadid in 1988 in London
(1994) was her first architectural project that was
Some international projects
before she had built anything, but she was already
built. It brought Hadid international fame for the
The London Aquatics Centre was designed in 2004
known through her paintings of architectural projects.
dramatic lines that she had first explored in paintings.
before London was selected to host the 2012
He joined the practice that same year, telling Dezeen
Hadids mother was a painter and Hadid continued to
Summer Olympics. The Centre was modified prior to
magazine: I was lucky enough that I entered when
find inspiration in painting and design. However, unlike
construction and after, initially to reduce cost and later
it was a very young team. He worked his way up to
some of her peers, she embraced computer-assisted
to adapt to normal post-Olympics use. The two wings
co-director and plans to continue ZHA without Hadid.
design (CAD) as well. In a discussion with several
for seating 17,500 guests were removed. After it re-
Three projects that began during Hadids life -
Pritzker Prize winners in 2015, Hadid rejected the
opened as a public amenity, the Aquatics Centre seats a
Sherbank Technopark in Moscow; a mixed-use
claim that CAD has been bad for architecture. She said
flexible 2,500 - 3,500.
development in the central business district of Prague;
she likes to draw by hand as well as to benefit from the
One of ZHAs more controversial projects was the
and a fluted hotel shaped like the desert hyacinth in
shortcuts provided by CAD.
Heydar Aliyev Cultural Centre in Baku, Azerbaijan
Qatars new Lusail City were assigned after her
Most of ZHAs work continued to be in Europe including
(2012). While the Centre has been praised for its fluid
death on March 31. The test for ZHA in the future
the BMW Central Building (2005) in Leipzig and the
exterior that melts into the fluid interior, Hadid was
will be winning competitions for projects designed
MAXXI National Museum of the 21st Century Arts
criticised for accepting a commission from a country
without the master hand of Zaha Hadid.
THANK YOU TO CITYSCAPE GLOBAL 2016 EXHIBITORS
DEVELOPER ID 1002
C&C
GRENADINES LTD
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Mangera Yvars Architects

www.myaa.eu
THE HOME OF REAL ESTATE INVESTMENT

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04/09/2016 11:39

Winners of the 2016 Cityscape Awards for Emerging Markets

Cityscape would like to congratulate all 2016 winners of the Cityscape Awards for Emerging Markets, which were announced
yesterday at a glittering Awards Ceremony at the Conrad Hotel in Dubai
Commercial Project Award - BUILT
Commercial Project Award - FUTURE
Project: The Offices
Project: RESERVOIR
ONE, One Central -
Project Location:
Phase 1A2
Rajasthan, India
Project Location:
Developer:
Dubai, UAE
Shree Cement Ltd.
Developer: Dubai World
Architect: Sanjay
Trade Centre
Puri Architects
Architect: Hopkins
Architects Dubai Ltd.
The judges comments
The judges comments
The judges noted that the project team has taken a simple idea and
executed it proficiently through to construction. Excellent asset
management plan that demonstrates that the client has sustainability
truly embedded into their business model.
Judges noted the ground breaking approach rethinking a traditional

office brief. The response to the site was outstanding and responsive
to the topographys natural features. Local culture and community
are embraced and celebrated. An exemplary entry.
Community, Culture & Tourism Project Award - BUILT
Community, Culture & Tourism Project Award - FUTURE
Project: Mleiha
Project: Gokceada High
Archaeological Centre
School Campus
Project Location:
Project Location:
Sharjah, UAE
Canakkale, Turkey
Developer: Shurooq
Developer:
(Sharjah Investment
Governorship of
& Development
Canakkale
Authority)
Architect: PAB
Architect: Dabbagh
Architects
Architects
The judges comments
A cultural project that sets a new standard for projects to celebrate

regional heritage. A genuinely contextually lead project that is unique
and sympathetic to an important site.
The judges comments
Leisure & Hospitality Project Award - BUILT
Leisure & Hospitality Project Award - FUTURE
Project: Sinkeh Hotel
Project:
Project Location:
45 Pottinger Street
Penang, Malaysia
Project Location:
Developer:
Hong Kong
Chee Sek Thim
Developer:
Architect: VERITAS
Henderson Land
Design Group
Development Co. Ltd.
(Lillian Tay)
Architect:
An exemplary project that creates a new benchmark for an education

and community centre. Sympathetic to its context, it was a clear winner.
Dennis Lau & Ng Chun

Man Architects
The judges comments
The judges comments
A sublime project that was really well crafted both architecturally and
structurally. Design was respectful of its surrounding whilst delivering
contemporary ideas that support the local culture.
Addressed the context and added value to the surrounding location.

Efficient solutions to a difficult and challenging site. The project shows
a strong desire to realise innovation.

Residential High Rise Project Award - BUILT
Residential High Rise Project Award - FUTURE
Project: Binghatti
Project: T3 Tower
Apartments
Project Location:
Project Location:
Beirut, Lebanon
Dubai, UAE
Developer: ZRE
Developer: Binghatti
Architect: PARALX
Developers
Architect: Muhammad
Binghatti Aljbori
The judges comments
The judges comments
This in house multidisciplinary team has produced a new type of

residential, low-income and modest scale block for Dubai. Without using
any direct icons the project has abstracted local culture into a modern
and innovative compact layout of residential units.
This thin tower of slabs and glass in Beirut will have an impact in the
design of high-rise structures of the city. Set in the new Beirut Digital
District (BDD) the project is made of simple open plan units wrapped in a
dynamic faade.
Residential Low Rise Project Award - BUILT
Residential Low Rise Project Award - FUTURE
Project: Studios 18
Project: IL Monte
Project Location: Ras,
Galala
India
Project Location:
Developer: Shree
Sokhna, Egypt
Cement Ltd.
Developer:
Architect: Sanjay Puri
Tatweer Misr
Architects
Architect: 5+1 AA
The judges comments
The judges comments
The judges applauded the contextual design. Confident composition

turns what could have been a staid brief into a bold residential complex.
Passive sustainability strategies are strongly embraced.
Judges praised the language of the architecture - incorporating

traditional imagery such as tents and mountain skyline.
Retail Project Award - BUILT
Retail Project Award - FUTURE
Project: Abdali Mall
Project: Emporium Mall
Project Location:
Project Location:
Amman, Jordan
Lahore, Pakistan
Developer: United
Developer: Nishat
Real Estate Company-
Group
Jordan
Architect: AHR
Architect: Laceco
Architects Limited
The judges comments
The judges comments
The project sets new standards in retail space developments of Jordan.

Both the designers and the developer have invested a lot of time and
resources in introducing new details, materials and energy saving
devices to enhance the experience of shopping in Amman.
The jury loved the way the project was developed and was adapted in the
design process in terms of planning and design, materials, local culture,
safety and regulations as well as craftsmanship. The project is creating a
new type of commercial retail space that is both global and local.
Sustainability Project Award

Project: Tiu Keng Leng
The judges comments
Sports Centre, Public
The judges applauded the social

and cultural benefit to the
community. Also noted was the
strength of conviction that the
architect has in pushing the client
to go further with sustainable
goals. As a result, the Hong Kong
government has now adapted a
more ambitious rating level for all
government spaces.
Library and District

Open Space
Project Location:
Tseung Kwan O, Hong
Kong
Developer: HKSARG
Leisure and Cultural
Services Department
Architect: Ronald Lu &
Partners

TWEETS FROM THE CITYSCAPE GLOBAL CONFERENCE
Christopher Seymour @chrisbseymour

Great panel session beyond Expo @CityscapeMENA
#CityscapeGlobal - worthwhile debate
Virendra Adhikari @VirenAdhikari

At #CityscapeGlobal Conference, the first half was the most
#information & #insightful session Ive ever attended
Ahmed Safder @AhmedSafder

My experience at #CityscapeGlobal Real Estate Brokers
conference was extremely helpful. So much Ive learnt today.
Cant wait to apply it!
JustProperty.com @justproperty
Powerful morning at #CityscapeGlobal ! From
@Land_Department #digitization to #investor opps to
exclusive @expo2020dubai segment #Dubai
TWEETS FROM the CITYSCAPE GLOBAL EXHIBITION
Real Estate Doctor @MajdelMusa

#CityscapeGlobal is not just about selling, its also a place
to learn more about #Dubai and other markets
Ujjwal Arya @ujjwalarya

#dubaisouth so much is going to happen in
#Dubai #CityscapeGlobal
Jean-Paul Pigat @JeanPaulPigat

Lots of optimisim at #CityscapeGlobal 2016
Roots Land @rootsland

Glad to see the positive vibe at #CityscapeGlobal
Thanks for the great vision for #mydubai @HHShkMohd
**SWIMMING POOL
Core Savills
+971 4 388 3339
international@core-me.com
Parc du Cap Ad (290x400).indd 1
9/1/16 6:04 PM
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o f f i c i a l s h ow n e ws pa p e r

H.H. Sheikh Mohammed bin Rashid Al Maktoum

Golf Course Living Redened

His Highness Sheikh Mohammed bin Rashid Al

the real estate industry in the Middle East, built on a

Maktoum, Vice President and Prime Minister of the UAE

combination of innovation and a modern interpretation

and Ruler of Dubai, toured the 15th anniversary edition

of Cityscape Global yesterday morning as the event

As the first rush of visitors entered the exhibition

Visit Us at Stand S1A10

OF SPACE IS NOW AVAILABLE IN

wish to take the luxury of space to the next level.

Finance your home with

6 - 8 September 2016 | Dubai World Trade Centre, UAE

Continued from front page

range of developments from across the region and

thermally driven ventilation, as well as naturally insu-

sating activity at the Cityscape Global exhibition which

lating, reflective materials.

brings together 272 international and regional exhibi-

from now, Jane Duncan, President of the Royal Institute

The Cityscape Global Conference featured three ded-

of British Architects (RIBA), stressed the importance

icated sessions: Market Overview, Architecture and

The 15th edition of Cityscape Global is supported by

that can be played by incorporating traditional tech-

Real Estate Brokers with other prominent speakers in-

the Dubai Land Department and Foundation Partners:

niques into design of modern property.

cluding Ahmed Al Ansari, Acting CEO, Dubai South, Lara

Emaar Properties, Dubai Properties and Nakheel; Plat-

Duncan said todays architects should embrace and

Al Barazi, Research Director at YouGov, UAE, Ahmed Al

inum Sponsors: Al Marjan Island and Union Properties;

revive design and construction methods which helped

Khatib, Vice President of Real Estate at Expo 2020 and

Silver Sponsor: DAMAC Properties; Registration Trus-

Dubais development from fishing port to commercial

senior representatives from Dubai Land Department.

tee Partner: Tamleek; Project Marketing Sponsor: Aqua

hub by keeping buildings cool using shade, wind and

The conference set the stage for three days of pul-

tors across 41,000 square metres of exhibition space.

Properties; and Research Partner: YouGov.

Event INFORMATION GUIDE

MENS PRAYER ROOM

LADIES PRAYER ROOM

VIP & AWARDS REGISTRATION

MEDIA AND VIP LOUNGE

TRADE CENTRE ARENA

SHEIKH ZAYED ROAD

Venue : Conrad Hotel, Sheikh Zayed Road, Dubai

Date / Time : September 7, 2016, 19:30-22:00

Please direct RSVP and questions to A.K.M Shaullah,

6 - 8 September 2016 | Dubai World Trade Centre, UAE

NEWS & EVENTS

Global real estate outlook

The geography of Dubai

Asteco releases UAE Cityscape

Dhabi, where resulting job cuts in the last 6-8 months

the current status of the UAE real estate market reveal-

led to H1 2016 residential rental rate declines of 3% on

ing a general slowdown in all emirates, but highlighting