Global Outlook for Real Estate remains unclear

Macro-economic and political landscape uncertainty suggests that a cautious outlook for commercial real estate is likely to persist into 2012, according to a new report from CBRE Global Research. The Global ViewPoint for 2012 notes that high quality real estate assets in prime locations should continue to perform well compared to secondary real estate and very competitive with regard to other asset classes. Read more

Property investors eye Europe for bargain deals

• Annual Investment Turnover 4% Higher Than 2010
• Exceptional Final Quarter for French Property Investment

With the eurozone economy looking increasingly fragile and the single European currency depreciating in value against most major foreign currencies and the U.S. dollar, activity among property investors looking to take advantage of favourable conditions increased. Read more

Emaar special sales event for Saudi projects at The Dubai Mall

Special pavilion to feature Jeddah Gate and Al Khobar Lakes developments

Emaar Middle East, a subsidiary of Emaar Properties PJSC, is showcasing its flagship lifestyle community developments in Saudi Arabia at a special roadshow and sales event to be held from January 19 to 26, 2012 at The Dubai Mall. Read more

Damac, Al-Futtaim to settle disputes with Egypt

According to Fayza Aboulnaga, the Egyptian minister of planning and international cooperation, recently the government commission approved the settlement of disputes with Dubai-based Damac Properties and Al Futtaim Group. Read more

Worst property markets of 2011

Property remains a popular investment choice for financial gain, however 2011 will not go down in history as one of the more successful years for property investors. With this in mind international estate agents Colordarcy have compiled their own report outlining which five countries they believe were the worst to invest in 2011. Read more

Emaar to hand over first phase of Abraj Al Hilal 1 in Jeddah Gate

• Completes infrastructure networks as envisaged in the masterplan
• Internal finishes of the residential towers nearing completion

Underlining the commitment to large-scale project delivery, Emaar Middle East, the developer of premium lifestyle communities, will hand over the first homes in its landmark Jeddah Gate development shortly. The residences in Abraj Al Hilal 1, the first phase of Jeddah Gate, will be handed over in the coming weeks to customers. Read more

Emaar launches Abraj Al Hilal 2 residential towers in Jeddah Gate

• Incomparable luxury in the heart of Jeddah within integrated neighbourhood
• Diverse array of amenities that offer all conveniences for residents
• 3 towers with 17 to 21 floors; total of 326 residential units ranging in size from 98 to 449 sq m
• Each tower also has two types of villas – the Kingdom’s first of its kind lower villas and penthouses
• First phase of homes in Abraj Al Hilal 1 to be handed over shortly

Emaar Middle East has announced the launch of the second phase of its prestigious Jeddah Gate master-planned community. With the first homes in its three Abraj Al Hilal towers to be handed over shortly, the company has unveiled the Abraj Al Hilal 2 Towers, a cluster of 3 residential towers of 17 to 21 floors, with only 326 apartments ranging in size from 98 to 449 sq metres.

A sterling addition to the luxury residential portfolio in Jeddah Gate, the Abraj Al Hilal 2 Towers form a distinct and well-knitted integrated lifestyle community with all amenities and conveniences that will add value to the residents. Apart from a dedicated retail area, the array of facilities in Abraj Al Hilal 2 includes health & fitness centres, ladies spa, day care centre, clubhouse, play areas, outdoor swimming pools, and 525 dedicated car parking spaces, among others.

Customers can choose from one to four bedroom apartments, all offering maximum comfort and privacy with double-glazed windows and the finest interiors and fixtures. Each tower also has two types of villas: the Kingdom’s first of its kind lower villas and penthouses. The lower villas have private yards, upscale design and luxurious interior finishes. They also have private elevators, entrances and parking. The penthouses have three levels with unique architectural designs overlooking the central squares from high-rise balconies, and have terraces, multipurpose room and optional private elevator.

Eng. Ahmad Al Kulli, General Manager of Emaar Middle East, said: “The launch of Abraj Al Hilal 2 Towers, as part of the second phase of Jeddah Gate, is a testament to the dynamism of the Saudi Arabian real estate sector today. Ranked fourth among 50 global markets in terms of real estate opportunity, Saudi Arabia offers one of the best investment options.
“With Abraj Al Hilal 2 Towers, we are providing potential investors and customers the opportunity to be part of a prestigious lifestyle destination at competitive prices, that is set to become the referral point in integrated community development in the Kingdom. The response to the first Abraj Al Hilal Towers has been strong, and the first residents will move in shortly. We remain committed to developing modern homes and offering luxury residential choices for our customers in the Kingdom.”

“The residences have been designed with the demands of the Saudi families and have facilities such as housekeeper’s room with bathroom, additional parking bays and 24-hour valet parking and concierge,” added Eng. Kulli. “To offer privacy to the residents, all the units have been designed in extended sizes and multiple divisions.”

Spread over a plot area of 12,300 sq m, Abraj Al Hilal 2 Towers is located centrally in Jeddah Gate and connected to the central Civic Plaza and Crescent Plaza through pedestrian walkways. The towers overlook the King Abdullah Road, and are surrounded by exclusive stores, restaurants and other lifestyle choices. Set amongst immaculately landscaped gardens and walkways, each Abraj Al Hilal 2 Tower has its own special lobby designed to the highest standards to warmly welcome residents and guests.
With resplendent exteriors that invite residents to become part of the luxury but affordable residential environment, Abraj Al Hilal 2 Towers have fine interiors with features such as advanced telecom and entertainment connectivity, card access control system for full-proof security, split air-conditioners, and modern finishes. Smart home systems, backup power generator, central gas system, car park ventilation and 24-hour security add to the convenience of the residents.

For more details and to register interest, potential customers can visit Jeddah Gate Sales Centre on December 14, 2011 from 4pm to 10pm and December 15, from 10am to 10pm or call 8001236227 – 026145800 or email: customer.eme@emaar.com
Jeddah Gate is spread over approximately half a million sq m of land in Jeddah’s new downtown. The project will serve as a centrepoint for the city’s new downtown, and is in close proximity to the main railroad linking the two Holy Cities of Makkah and Madina to Jeddah. Jeddah Gate, when completed, will have over – 230,000 sq m of modern office spaces and over 75,000 sq m of gross leasable retail space, thus strengthening the local economy.
Emaar Middle East has delivered residential units in Al Khobar Lakes development with Al Nada residential village nearing completion. The finishing touches to the homes and final landscaping works are currently being undertaken.
Al Khobar Lakes is a luxury lakefront development set on approximately 2.6 million sq m featuring serene water bodies. It features more than 2,000 private villas with retail and leisure amenities that are perfect for family living. In close proximity to Al Khobar City, Dhahran and Dammam, Al Khobar Lakes is one of the premier lakefront developments and the largest integrated community in the Kingdom of Saudi Arabia.

Having successfully launched the Al Nada and Al Ghadeer Villages, Al Khobar Lakes will eventually feature a large retail centre with a gross leasable area of 95,000 sq m; 104,000 sq m of landscaping, greenery and parks; 11 mosques including a Grand Mosque for Friday Prayers; two educational facilities for both boys and girls; a shopping centre, two community centres, healthcare facilities and other amenities.

Emaar Middle East is also developing the Emaar Residences at the Fairmont Makkah, located on the Haram Plaza offering views of the Holy Kaaba and Haram. The 648 elegantly furnished and superbly serviced apartments are situated at the most upper floors of Makkah Clock Tower starting from the 30th floor and ending at the 53, and operated by Fairmont Hotels.

Prime office rents increase for seventh consecutive quarter worldwide

• Jones Lang LaSalle’s new index shows vacancy rate drops to two-year low

Despite corporations delaying real estate decisions and facing renewed pressure to drive down costs in the face of economic volatility in Europe and the United States prime office rents across 81 global markets increased by a further 1.1 percent during third quarter 2011, according to the inaugural Jones Lang LaSalle Global Office Index. Read more

Moroccan Real Estate Show in Dubai

Dubaï will host in January 2012 the first Moroccan Real Estate exhibition showcasing different real estate projects in Morocco with the participation of many global real estate investors, developers, administrations architects, banks and representatives from different economic agencies from Morocco.

This event will bring together real estate developers from Morocco and potential buyers interested by real estate investment in Morocco. With more than 40.000 Moroccans living in the UAE composed of labour and professionals working for different companies in the UAE, the latest statistics shows that money transfers from UAE to Morocco are reaching over 300 million US$ every year. This indicates clearly the potential of the Moroccan community based in UAE and its growing interest in investment opportunities in Morocco. Read more

Top 10 ‘World Class’ cities for Billionaires

Fresh real estate industry research shows that growing demand from rich international buyers, particularly billionaires, it creates a new global super class of residential property in some of the world’s metropolises.

Despite the global economic downturn, these high-end global destinations continue to attract high net worth home buyers. According to the latest Savills Research global billionaire property index shows, luxury home prices in the top ten cities have increased by 10% in the first six months of 2011, compared to the corresponding period last year. Read more

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