Cityscape declared 'continuing success'

Cityscape declared 'continuing success'

Despite gloomy forecasts, 2010's biggest regional real estate investment show gets on with business

Cityscape Abu Dhabi which closed on Wednesday 21 April 2010 has been declared a continuing success in spite of gloomy predictions ahead of the region's largest gathering of real estate and investment professionals so far this year and the volcanic ash disruption, according to the organisers and participants.

“A fundamental reason for the success of Cityscape Abu Dhabi has been the 2030 infrastructure plan for the capital of the United Arab Emirates which is aimed at delivering world-class residential and business areas to attract global industries and financial institutions,” said Rohan Marwaha, Managing Director Chief Executive Officer of Cityscape.

“Continued development, combined with careful planning and timely execution of projects are key to the increased international status of Abu Dhabi on show this year at Cityscape,” he added.

“There were gloomy predictions from some quarters ahead of the show about its prospects because of market conditions but, as we have continually emphasised, Cityscape today is about long-term business-to-business, joint ventures, partnerships and the like rather than the speculative investment schemes of the past. This year's event, for example, was the platform for a series of important long-term announcements relating to Abu Dhabi's growth plans and the show received a high level of support from the government.”

Cityscape Abu Dhabi was held at the Abu Dhabi National Exhibition Centre from 18 to 21 April 2010 under the patronage of HH Sheikh Mohammed bin Zayed al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

There were 255 exhibitors from 36 countries with more than 800 CEOs and thousands of investors in attendance, despite the flight disruption caused by the volcanic ash cloud which forced a number from Europe and the Americas to miss the show. In addition, there were more than 70 networking forums and a major conference with over 160 speakers from more than 25 countries. Cityscape Abu Dhabi included an exhibition, conference, investor round tables and related events bringing together regional and international investors, developers, government and investment authorities, architects, designers, consultants and senior professionals involved in the design and construction of real estate.

High profile visitors included HH General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. In a statement later, Sheikh Mohammed expressed satisfaction in Cityscape Abu Dhabi, saying the overwhelming attendance of international investors, designers, developers and decision makers was testimony to its success.

Among other VVIP visitors to tour the show were: Sheikh Hamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince's Court; Sheikh Hamdan bin Zayed Al Nahyan, the Ruler's Representative in the Western Region; Sheikh Tahnoun bin Mohammed Al Nahyan, the Ruler's Representative in the Eastern Region; Sheikh Hazza bin Zayed al Nahyan, National Security Advisor; Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research; Sheikh Sultan bin Tahnoun Al Nahyan, Chairman of Abu Dhabi Tourism Authority; Mohammed Ahmed Al Bowardi, Secretary General of Abu Dhabi Executive Council; Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority; Dr Ahmed Mubarak Al Mazrouei, Chairman of Abu Dhabi Health Authority; Mohammed Mubarak Al Mazrouei, Under Secretary of the Abu Dhabi Crown Prince's Court; and Falah Al Ahbabi, General Manager of the Abu Dhabi Urban Planning Council.

A scale model of Abu Dhabi’s urban landscape as envisioned in its Capital 2030 plan was the main attraction at Cityscape, unveiled by the Abu Dhabi Urban Planning Council (UPC), the agency responsible for the future of the emirate’s urban environment. Al Ahbabi, General Manager, Abu Dhabi Urban Planning Council, said: “Our participation at Cityscape Abu Dhabi 2010 was designed to provide citizens with a comprehensive...perspective of all major planning and sustainability initiatives which illustrate the variety of the urban development initiatives undertaken by the UPC.”

The Department of Municipal Affairs in Abu Dhabi, along with Abu Dhabi Municipality, Al Ain Municipality and Western Region Municipality showcased 30 projects at Cityscape Abu Dhabi . The government bodies displayed their plans for infrastructure and landscape development and gave an overview of the highly-anticipated Abu Dhabi Green Building Codes due to be implemented this year.

“We are working harder, smarter and more effectively to deliver a better quality of life and to achieve a sustainable living environment in the emirate of Abu Dhabi, and Cityscape is a great opportunity to develop a sense of interest in the sustainability projects taking place in the city,” said Department of Municipal Affairs Chairman Rashed Mubarak Al Hajeri.

Sorouh Real Estate, the Abu Dhabi-based developer also signed a landmark agreement with the Urban Planning Council at Cityscape to develop Watani, a masterplan community for UAE nationals at a total cost of AED5.4 billion and part of Abu Dhabi's 2030 plan. Sorouh will also be developing Shamkha, an even larger community for UAE families. Both will contribute nearly 9,000 homes for Emiratis over the next five years, making substantial inroads into the demand of approximately 60,000 homes required for national families.

In addition, a AED730 million contract was signed by the Department of Municipal Affairs with Abu Dhabi developer Aldar to provide the infrastructure for a development of around 1,045 villas, a school and other facilties in Al Ain near Jebel Hafeet.

The importance of Cityscape was also underlined by Dewan Architects and Engineers, one of the region's leading consulting firms. Chairman Mohamed Al Assam, said: "At Dewan we firmly believe in the importance of the Cityscape events...We have a lot of confidence in the region's property market, particularly that of the UAE capital where we have a number of projects underway."

Falconcity of Wonders, mega-project with the Dubailand master plan, took part with a 300-square metre stand. Chairman Salem Al Moosa said being present at Cityscape Abu Dhabi was their way of showing confidence in the entire UAE property sector. “Falconcity is not only promoting itself but the entire country as well. The UAE is undoubtedly the regional destination for tourism and investments,” he added.

Another participant from the neighbouring emirate was Dubai Silicon Oasis which showcased its AED1.55 billion Cedre Villas project. “Every year Cityscape Abu Dhabi brings together thousands of visitors, investors, developers and industry leaders. We are delighted to be part of this key industry event,” said Muammar Al Katheeri, Senior Vice President of Engineering Management.

Al Ain Wildlife Park and Resort, a multi-faceted leisure and learning destination, was showcased at Cityscape. Construction of the 900 hectare park is already underway and will be completed in three phases. The park will include wildlife safaris, a world desert zoo and botanical gardens, resort hotel and residential areas. A conservation and breeding centre will be part of the park.

Cityscape was not just about new developments. UT Technology, a subsidiary of Etisalat, showcased smart home applications. Their Smart Home technology is deployed as standard across the Al Reem Island project, described as the first “smart community” in the UAE.

Harrods Estates, the luxury real estate division of the famous Harrods brand of London, were among overseas participants and exhibiting for the first time in the Middle East at Cityscape. Shirley Humphrey, Sales and Marketing Director of Harrods Estates, said: “We are participating at Cityscape Abu Dhabi as we have recently seen a surge of inquiries from the region.”

Also, out of respect for Arabic cultural tradition and Islamic values and by special request, Cityscape Abu Dhabi introduced a special ladies' only session from 3 pm to 8 pm on the final day.

Running alongside Cityscape Abu Dhabi 2010 was CityBuild Abu Dhabi, an international trade show for the building and construction industry bringing together suppliers, manufacturers, distributors, architects, engineers, importers and procurement decision makers.

Headline sponsor of Cityscape Abu Dhabi 2010 was Mubadala Real Estate and Hospitality. Platinum sponsors were Al Qudra Real Estate, Al Maabar and Aldar Properties. Associate sponsor was the Abu Dhabi Department of Municipal Affairs.

For more details about Cityscape Abu Dhabi and links to other Cityscape events please visit www.cityscapeabudhabi.com

Photo captions

Pic 1: HH General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, gives a thumbs up during a visit to Cityscape Abu Dhabi.

Pic 2: HH General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, hears about new community developments for UAE nationals at the Sorouh stand.

Ocean Heights model photos,Dubai Marina,Cityscape Abu Dhabi 2010, 18/April/2010

Marina Square photos,Reem Island,Cityscape Abu Dhabi 2010, 18/April/2010

Residential rental property and retail sectors identified as having greatest investment potential during executive debate at Cityscape Abu Dhabi confe

Stability returning to real estate market

Residential rental property and retail sectors identified as having greatest investment potential during executive debate at Cityscape Abu Dhabi conference

A sense of stability is returning to the real estate investment market supported by a government-led infrastructure programme but it will take time to become fully established, according to senior executives of three of the top Abu Dhabi master developers with multi-billion dollar projects on their books.

Mid-range residential rental and the retail property sectors were identified as having the greatest investment potential during a high level investment and finance panel debate at the Cityscape Abu Dhabi conference.

On the panel were: John Bullough, CEO of Aldar Properties, responsible for projects such as Yas Island, Al Raha Gardens and the Ferrari World theme park; John Thomas, Executive Director of Mubadala Real Estate and Hospitality, with key projects such as Sowwah Island, Arzanah and the Mina Zayed Waterfront; and Gurjit Singh, Chief Operating Officer of Sorouh Real Estate, with projects that include Lulu Island, Shams Abu Dhabi and Al Ghadeer on the Abu Dhabi-Dubai border.

Some of the most comprehensive and open debates on the future of real estate investment regionally and internationally are taking place at the conference alongside Cityscape Abu Dhabi, at the Abu Dhabi National Exhibition Centre until Wednesday 21 April 2010.

Singh said government investment in infrastructure including rail and transport links, logistics, oil and gas and energy projects will have a beneficial effect on the property market in Abu Dhabi.
“These investments are going to bring more employment creation which will bring more demand for real estate both for residential and commercial projects,” he added.

Asked about future investment opportunities in Abu Dhabi, Bullough told the conference he saw future demand coming from a wide spectrum of the Abu Dhabi real estate market but singled out the retail sector as the “unsung opportunity” with the UAE capital having relatively low retail space per capita.

Singh identified mid-range residential rental sector as a future investment opportunity. “If developers are able to zoom into this sector, they will be in a good position to capitalise. That is what we are doing – it is a substantial element of the market.” Singh added that the return of stability to the Abu Dhabi market was ongoing but the “speculator activity of the past still has to be absorbed.”

Bullough added: “We have all felt the pain. The last 18 months have been cathartic for the market. We now need to give investors solid future prospects and that is a long-term play. This isn't a quick win. Property is a long term investment.”

Thomas said it will never be possible to totally eradicate the speculative element in real estate but governments can bring in measures to control the speculators. “Times are different now and there is a new maturity level,” he added.

The Cityscape Abu Dhabi event includes an exhibition, conference, investor round tables and other related events that bring together regional and international investors, developers, government and investment authorities, leading architects, designers, consultants and senior professionals involved in the design and construction of real estate, the organisers added.

Running alongside Cityscape Abu Dhabi 2010 is CityBuild Abu Dhabi, an international trade show for the building and construction industry bringing together suppliers, manufacturers, distributors, architects, engineers, importers and procurement decision makers.

Headline sponsor of Cityscape Abu Dhabi 2010 is Mubadala Real Estate and Hospitality. Platinum sponsors are Al Qudra Real Estate, Al Maabar and Aldar Properties. Associate sponsor is the Abu Dhabi Department of Municipal Affairs.

Showing respect to Arabic cultural tradition and Islamic values and by special request, Cityscape and CityBuild Abu Dhabi have announced that the exhibitions will be open to ladies’ only from 3 until 8pm on Wednesday 21 April.

For more details about Cityscape Abu Dhabi and links to other Cityscape events please visit www.cityscapeabudhabi.com

Photo caption:

Pictured from the left are: Gurjit Singh, Chief Operating Officer of Sorouh Real Estate; John Thomas, Executive Director of Mubadala Real Estate and Hospitality; and John Bullough, CEO of Aldar Properties.

Real estate sector defines investment objectives at Cityscape Abu Dhabi 2010 Conference

Real estate sector defines investment objectives at Cityscape Abu Dhabi 2010 Conference

TASWEEK Real Estate Marketing & Development discusses strategies and solutions of UAE real estate market

April 21, 2010

Abu Dhabi’s real estate investment objectives and other vital business issues were discussed by prominent industry figures during the Cityscape Abu Dhabi Real Estate Investment and Development Conference that concluded today (Wednesday, April 21, 2010) at the Abu Dhabi National Exhibition Centre.

TASWEEK Real Estate Marketing and Development CEO Masood Al Awar participation in the panel discussion to compare and contrast the property strategies of Abu Dhabi and Dubai, explain how competing locations can work cooperatively, and identify industry segments that are currently attracting the most attention from investors during a panel discussion titled “Abu Dhabi and Dubai: Economic Powerhouses in Comparison”. Al Awar also joined roundtables on Abu Dhabi investments, the residential market, distressed investments, MENA versus global markets, and foreign direct investments throughout the conference.

“It’s important for the real estate industry to get together and set clearer investment objectives maintaining balance short, medium and long term returns in various project investments as we see more signs of a possible shift to global economic recovery. The regional markets have changed dramatically over the past two years and so we need to adopt new strategies available that fit existing business realities and customer demands. These will help us come up with a more efficient approach to real estate development, investment, and marketing,” said Al Awar.

The Abu Dhabi Government’s strong support for real estate and its prioritization of the sector in its Vision 2030 growth agenda have boosted investor confidence in the local property market. Al Awar advises investors to closely review their investment objectives and encourages industry players to balance their internal and external investments offerings to maximize opportunities in Abu Dhabi, UAE, and across the Gulf and MENA region.

Cityscape Abu Dhabi, the largest gathering of real estate professionals in the Middle East, focuses on growth opportunities in the Gulf’s thriving property markets. Over 300 domestic and international real estate firms showcased their products and services during this year’s edition. Aside from an industry Exhibition and Conference, Cityscape Abu Dhabi also featured an Investors and Developers Networking Reception, Investor Roundtables, and Cityscape Awards for Real Estate in the Middle East and North Africa.
TASWEEK Real Estate Development and Marketing has emerged as one of Abu Dhabi’s top one-stop shops for real estate and related services and marketing. TASWEEK’s offerings cover Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy. The company tailors its products and services to fit the unique needs of customers and complement current market conditions. TASWEEK adheres to its core competencies of networking and professionalism.

About Tasweek:

Tasweek, a provider of comprehensive real estate development solutions for the UAE and the broader Middle East, leverages over 20 years of extensive experience in valuations, design, and real estate marketing across the UAE, GCC and MENA regions. The private joint stock company draws on its involvement in managing the properties of over 25,000 customers to ensure enhanced client satisfaction in the delivery of a diverse range of services, throughout all stages of the real estate development's lifecycle.

Through its two core competencies of knowledge and networking, Tasweek is highly capable of introducing clients to the right people, creating vital links between industry movers and players, and developing ideas to successfully bring properties to market.

RAK Ceramics, KLUDI RAK unveil new product range and designs at Cityscape Abu Dhabi / CityBuild Abu Dhabi 2010

RAK Ceramics, KLUDI RAK unveil new product range and designs at Cityscape Abu Dhabi / CityBuild Abu Dhabi 2010

RAK Ceramics showcases its latest range of eco-friendly SLIM tiles and KLUDI RAK with its new water-saving system that allows users to save up to 50 per cent on water consumption

April 20, 2010
RAK Ceramics, the world's largest ceramics manufacturer, has announced that it is showcasing its latest range of eco-friendly SLIM tiles of up to only 4.5 millimetres in thickness, the new Stone Art Collections featuring KERAJET technology and ORION Collections featuring CHROMA technology, during its participation as Headline Sponsor of Cityscape Abu Dhabi 2010, the international real estate investment and development event being held at the Abu Dhabi National Exhibition Centre from April 18 to 21. RAK Ceramics gave away the Best Urban Planning and Architecture Award to Eastern Harbour, Alexandria, Egypt by Emaar, which was the highlight of the opening day of Cityscape Abu Dhabi.

KLUDI RAK, a leading manufacturer of world-class bathroom fittings and a joint venture between RAK Ceramics and high-profile German manufacturer KLUDI, is likewise introducing its new Paragon Series (Joystick) and Profile Series faucets at CityBuild Abu Dhabi 2010, a dedicated international trade event for the building and construction industry that is being held concurrently with Cityscape Abu Dhabi. KLUDI RAK is a founding sponsor of CityBuild Abu Dhabi.

Dr. Khater Massaad, CEO, RAK Ceramics said: "As a market leader and world’s largest ceramics manufacturer our participation in Cityscape Abu Dhabi and CityBuild Abu Dhabi is to reaffirm our strong presence in the Abu Dhabi market, which has been a key growth destination for our products and services. We certainly feel very confident with our long-term growth prospects in the emirate as our groundbreaking innovations such as the RAK SLIM 4.5-mm wonder tiles have established new benchmarks in the market. RAK SLIM’s eco-friendly features and Kludi RAK’s latest water saving systems have already made it a popular choice for various prestigious environment-friendly development projects."

"RAK Ceramics and KLUDI RAK also seek to take advantage of the presence of key decision makers, international developers and contractors to generate new business leads across other high-growth markets in the Middle East. The back-to-back exhibitions also provide a convenient and effective platform for us to highlight and generate awareness about the advantages of our products in terms of enhancing the safety and eco-friendly atmosphere of a wide range of real estate projects," added Dr. Massaad.

RAK Ceramics has lined up its new RAK SLIM designs to headline its exhibition at Cityscape Abu Dhabi. RAK SLIM is being offered in 30x60, 60x60 and 45x90 sizes, while new designs of ceramic tiles in regular sizes are also being showcased at the event. KLUDI RAK is presenting its new faucets in the Paragon Series and Profile series, which are all equipped with KLUDI RAK's new water-saving system that allows users to save up to 50 per cent on water consumption.

RAK Ceramics also announced that Dr. Khater Massaad will serve as one of the keynote speakers during the exhibition's accompanying trade conference.

RAK Ceramics is a USD 1 billion global conglomerate in the ceramic industry that exports its products to over 150 countries, targeting architects, project developers and retail customers. RAK Ceramics has recently been conferred the Superbrand 2010 Award and continues to be a global pioneer in the world of ceramics.

Abu Dhabi's 2030 vision is Cityscape centrepiece

Abu Dhabi's 2030 vision is Cityscape centrepiece

A huge scale model of how the capital of the United Arab Emirates will appear in 2030 was unveiled and forms the centerpiece of this year's Cityscape Abu Dhabi.

The 23 metre by 17 metre display is the biggest single model on show at Cityscape, the largest gathering of real estate professionals in the Middle East so far this year and being held at the Abu Dhabi National Exhibition Centre until 21 April 2010 under the patronage of HH Sheikh Mohammed bin Zayed al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Sheikh Hamed Bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince's Court, today viewed the 1:2000 model unveiled on the stand of the Abu Dhabi Urban Planning Council during an opening tour of Cityscape. Sheikh Hamed is also Managing Director of the Abu Dhabi Investment Authority, the largest sovereign wealth fund in the world and chairman of General Holding Corporation, the parent company of Emirates Steel.

The model showcases major urban planning initiatives, bringing together economic, cultural, environmental and social aspirations of Abu Dhabi in a single format. The model covers an area from the Corniche on Abu Dhabi's main island to Shahama, Mussafah and Al Falah on the mainland and includes the islands of Saadiyat, Yas, Lulu, Reem and Sowwah.

“It is a visible demonstration of our commitment to deliver what we embarked upon three years ago, when the Urban Planning Council was set up by an Emiri decree. It will be a living, breathing model that will be constantly updated to reflect progress on the ground, and serve as a great communication and promotional platform for all of Abu Dhabi's stakeholders," said Falah Al Ahbabi, UPC General Manager.

Meanwhile, Cityscape Abu Dhabi organisers confirmed the worldwide airline disruption caused by the ash cloud from the Icelandic volcano had impacted attendance on the first day of the event.

More than 250 exhibitors from 36 countries are taking part in the show and around 800 chief executives are expected to attend, along with thousands of investors. “Cityscape Abu Dhabi has captured the world's attention with its well-developed plans for strategic projects,” said Rohan Marwaha, Managing Director of Cityscape.

“Unfortunately, the catastrophic event thousands of kilometres away in Iceland has had an impact here in Abu Dhabi,” he added. “Undoubtedly thousands of potential visitors from Europe and the Americas have been unable to get flights. Apart from the disruption caused by the Iceland volcano, we expect opening day visitor numbers to be on a par with last year.”

The Cityscape Abu Dhabi event includes exhibition, conference, seminars and related events brings together international investors, developers, government and investment authorities, leading architects, designers, consultants and senior professionals involved in the design and construction of real estate, the organisers added.

Real estate development opportunities in the region and beyond are featured at the show with exhibitors are coming from the UAE, Switzerland, Hong Kong, the United States, Jordan, the United Kingdom, Portugal, Italy, Sudan, France, Mexico, Lebanon, Canada, Spain, Malaysia, Singapore, Ireland, Kuwait, Australia, Germany, China and Poland.

Running alongside Cityscape Abu Dhabi 2010 will be a new component to the event, CityBuild Abu Dhabi - an international trade show for the building and construction industry bringing together suppliers, manufacturers, distributors, architects, engineers, importers and procurement decision makers.

Headline sponsor of Cityscape Abu Dhabi 2010 is Mubadala Real Estate and Hospitality. Platinum sponsors are Al Qudra Real Estate, Al Maabar and Aldar Properties. Associate sponsor is the Abu Dhabi Department of Municipal Affairs.

For more details about Cityscape Abu Dhabi and links to other Cityscape events please visit www.cityscapeabudhabi.com

Photo caption:
Sheikh Hamed Bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince's Court, views the model of Abu Dhabi in 2030 unveiled on the stand of the Abu Dhabi Urban Planning Council during an opening tour of Cityscape Abu Dhabi.

Cityscape Abu Dhabi 2010

Cityscape Abu Dhabi 2010 and CityBuild Abu Dhabi photos , United Arab Emirates, 18/April/2010

363 photos of the Cityscape Abu Dhabi 2010 here

Jotun’s cutting edge paint technology supports Abu Dhabi’s ‘green’ building and construction initiatives

Jotun’s cutting edge paint technology supports Abu Dhabi’s ‘green’ building and construction initiatives

Leading paint manufacturer showcases high-end ‘nanotechnology’-based ‘Jotafloor Rapid Dry’ at ‘Cityscape Abu Dhabi’

April 18, 2010

Jotun Paints, one of the world's leading producers and suppliers of paints and coatings, is supporting Abu Dhabi’s pioneering initiatives towards ‘green’ building and construction through environmentally safe paints and coatings based on cutting-edge paint technology. This includes the company’s latest offering - ‘Jotafloor Rapid Dry’, the first floor coating based on ‘nanotechnology’, a technology that involves the development of materials with particles at a molecular scale, which has recently been unveiled in the Middle East. With aims to increase the awareness about its environment friendly paint range, Jotun Paints is showcasing ‘Jotafloor Rapid Dry’ at ‘Cityscape Abu Dhabi’ (Hall No.6, Stand No 6A40), which opened today (April 18, 2010) at the Abu Dhabi National Exhibitions Company (ADNEC) Exhibition Centre.

Amidst projections of further growth of infrastructure projects, with statistics from research firm Proleads revealing that civil project buildings in the construction or pre-construction phase in Abu Dhabi are at present valued at a massive USD 247 billion, Jotun is gearing up to leverage the extensive potential in the capital as part of its strategy to secure sales growth of 5 to 8 per cent this year. In addition, the company is also highlighting at the event the eco-friendly features of its ‘Jotashield Thermo’ and ‘Fenomastic Gold’, which have been used in many developments seeking environmental certification according to the Abu Dhabi Government’s directive.

“As the world continues to witness growing concern for the environment, Abu Dhabi is taking the lead in the region in terms of undertaking significant steps towards sustainability, and we are pledging our 100 per cent support for all the government’s current and future initiatives,” said Sverre Knudsen, General Manager, Jotun Paints - Abu Dhabi. “Our sizeable investments towards research and development have led to the formulation of a range of environmentally-safe paints and coatings, and our latest product - ‘Jotafloor Rapid Dry’ - underlines our intense focus on pushing the envelope in this area of product development.”

The development of the iconic ‘Masdar City’ is a testament to Abu Dhabi’s firm resolve towards sustainability and environment friendly development, which is in turn driving the demand for products that offer environmental credentials. As the preferred choice of developers of sustainable projects, Jotun has supplied its ‘Fenomastic Gold’, an acrylic option under the ‘Fenomastic’ range that boasts of anti-fungus properties, anti-flame spread certification and crack tolerance up to one millimetre, to be used for the ‘Masdar Institute of Science and Technology’ project. In addition, ‘Jotashield Thermo’, a product under the ‘Jotashield’ range and formulated with thermal insulation properties that result in superior heat deflection and reduced interior temperature and cooling costs was recently used in the ‘Highland Resort Villas’ project, also in Abu Dhabi.

“‘Cityscape Abu Dhabi’ is one of the most important events for the region's construction sector, and with the capital gaining a lot of attention from global investors due to the business potential and opportunities it offers investors, we are confident that our presence in this event will generate considerable attention for our newly launched products. The potential for growth is further expanded by the growing regional demand for quality products and services, which are safe and environment friendly. As such, we remain committed to developing similar products, which is also a testament to our commitment to sustainability,” concluded Knudsen.

About Jotun
Founded in 1926 in Norway, Jotun - one of the world's leading paint manufacturers established its presence in the Middle East in 1974, with Jotun UAE Ltd. Ever since, Jotun has expanded dramatically throughout the region and is the first paint manufacturer to be awarded the ISO 9001 certification. Jotun has consistently invested in state of the art factories including the recently opened plant in the Al Quoz area of Dubai, UAE - the biggest worldwide for Jotun and the Middle East.

Jotun has been at the forefront in terms of developing products specifically suited to local conditions. Three decades of experience in the Middle East region, has helped the company produce a variety of conventional and specialized coatings - each incorporating the latest technological developments while offering performance with economy - catering to the various product segments and demands of the different markets. Today, Jotun's diverse product range includes Decorative, Protective, Marine, Floor/Concrete Protection, Powder Coatings and Intumescent coatings, bearing a solid testament to the company's reputation of being truly a single source solution for clients, consultants and contractors alike.

Cityscape Abu Dhabi gets down to business

Cityscape Abu Dhabi gets down to business

Major announcements on UAE capital projects expected at largest gathering of Middle East real estate professionals

A business-like approach to real estate development and investment rather than the speculation of the past will be reflected in this year’s Cityscape Abu Dhabi opening tomorrow (Sunday 18 April 2010), according to the organisers.

“The world has changed and Cityscape is no longer about people scrambling for off-plan properties to flip as quickly as possible,” said Rohan Marwaha, Managing Director, Cityscape. “Now, the emphasis is on business-to-business, joint ventures, partnerships and the like rather than the speculative investment schemes of the past.

“Nevertheless we are still expecting to see major announcements on the progress on the big Abu Dhabi development projects which are an increasingly important element of the UAE capital’s future growth plans,” added Marwaha.

Cityscape Abu Dhabi will be the largest gathering of real estate professionals in the Middle East so far this year and is being held at the Abu Dhabi National Exhibition Centre until 21 April 2010 under the patronage of HH Sheikh Mohammed bin Zayed al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

The organisers say there will be more than 250 exhibitors at the show from 36 countries and they expect more than 800 CEOs to attend, along with thousands of investors. In addition, there will be more than 70 networking forums and a major conference with over 160 speakers from more than 25 countries.

“Abu Dhabi is diversifying its oil-dependent economy with real estate and infrastructure projects costing more than $300 billion which is capturing world attention,” said Marwaha. “While the UAE capital has not been immune to the global economic downturn, it has the cushion of more than 90% of the UAE’s oil reserves as well as significant financial reserves in sovereign wealth funds. If anything, the downturn has reinforced Abu Dhabi’s realistic approach to development with the big, strategic projects going ahead as planned.

“In economic terms, Abu Dhabi is growing exponentially with the UAE's non-oil economy increasing by around 10% in real terms last year. Abu Dhabi’s 2030 infrastructure plans are aimed at delivering residential and business areas to attract global industries and financial institutions as part of that continued growth. As a result of the increased international stature of Abu Dhabi, continued development will be needed along with careful planning and timely execution.”

The Cityscape Abu Dhabi portfolio of exhibition, conference, seminars and related events brings together international investors, developers, government and investment authorities, leading architects, designers, consultants and senior professionals involved in the design and construction of real estate, the organisers added.

Real estate development opportunities in the region and beyond will be featured at the show with exhibitors are coming from the UAE, Switzerland, Hong Kong, the United States, Jordan, the United Kingdom, Portugal, Italy, Sudan, France, Mexico, Lebanon, Canada, Spain, Malaysia, Singapore, Ireland, Kuwait, Australia, Germany, China and Poland.

Among the numerous exhibition highlights will be:

• The Abu Dhabi Urban Planning Council unveiling the first ever life size model of Abu Dhabi's urban landscape as envisioned through Capital 2030

• 30 projects showcased by the Department of Municipal Affairs in Abu Dhabi, along with Abu Dhabi, Al Ain and Western Region Municipalities.

• The design of the Four Seasons Hotel Abu Dhabi at Sowwah Island being developed with Mubadala.

• The new masterplan for Abu Dhabi’s Mushrif Central Park by Seba Properties.

• Baniyas Investment and Development Company’s Bawabat Al Sharq Apartments.

• Harrods Estates, the property division of the renowned Knightsbridge store in London are taking part for the first time.

• International property agency Chesterton will also showcase exclusive London residential properties and developments.

At the conference which forms part of Cityscape Abu Dhabi the emphasis will be on transparency, regulation and project delivery. There will also be a series of closed-door, invitation-only forums where investors can source up-to-date information on global investment opportunities.

The full programme for the five day event is: Cityscape Abu Dhabi Exhibition, (18-21 April); Cityscape Abu Dhabi Real Estate Investment and Development Conference (18-21 April); Cityscape Abu Dhabi Golf Classic (17 April); Investors and Developers Networking Reception (21 April); Cityscape Abu Dhabi Cocktail Party (20 April); Investor Round Tables (18-21 April); Cityscape Awards for Real Estate in the Middle East and North Africa (18 April); and the CEO Networking Lunch (19 April).

Running alongside Cityscape Abu Dhabi 2010 will be a new component to the event, CityBuild Abu Dhabi - an international trade show for the building and construction industry bringing together suppliers, manufacturers, distributors, architects, engineers, importers and procurement decision makers.

The worldwide Cityscape network now exceeds 350,000 investors and real estate professionals from 150 countries. The portfolio of Cityscape events worldwide includes Cityscape Abu Dhabi (18-21 April 2010); Cityscape Asia (18-20 May 2010), Singapore; Cityscape Jeddah (7-9 June 2010); Cityscape Global (4-7 October 2010), Dubai; Cityscape India (9-11 December 2010), Mumbai; Cityscape Latin America (1-2 December 2010), Sao Paulo, Cityscape Riyadh (12-14 December 2010), Cityscape China (1-2 March 2011)

Headline sponsor of Cityscape Abu Dhabi 2010 is Mubadala Real Estate and Hospitality. Platinum sponsors are Al Qudra Real Estate, Al Maabar and Aldar Properties. Associate sponsor is the Abu Dhabi Department of Municipal Affairs.

For more details about Cityscape Abu Dhabi and links to other Cityscape events please visit www.cityscapeabudhabi.com

Photo captions:

Picture: A scene from last year’s Cityscape Abu Dhabi.


About Cityscape Abu Dhabi
Cityscape Abu Dhabi, the International Real Estate Investment and Development Event, provides a platform for regional and international real estate community to come together to network, create partnerships and discuss the future of real estate. It is part of a portfolio of Cityscape events in the Middle East, Asia and the Americas organised by IIR Middle East (www.iirme.com), the largest trade and consumer event business in the region and part of the Informa Group plc (www.informa.com)

Cityscape Abu Dhabi 2010 :Transparency and regulation dominate Cityscape agenda

Cityscape Abu Dhabi 2010 :Transparency and regulation dominate Cityscape agenda

“Greater transparency and improvements in the regulatory environment are set to dominate proceedings at what will be without a doubt the most comprehensive event to date on the future of the real estate investment industry in the region,” said Chris Speller, Cityscape Group Director.

In addition to the largest real estate exhibition, 162 experts from over 25 countries will be speaking at the conference which forms part of Cityscape Abu Dhabi at the Abu Dhabi National Exhibition Centre from 18-21 April 2010. Cityscape Abu Dhabi is held under the patronage of HH Sheikh Mohammed bin Zayed al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

“For the real estate investment community these have been difficult times so it is not surprising that the combined issues of transparency, regulation and project delivery are among the most important concerns as strategies are planned for the future,” Speller added.

“Those concerns will be directly addressed and have been woven into the 36 conference sessions of the conference across three days to provide both an overview of the dramatic changes that have impacted markets as well as focusing on economic recovery, policy reforms and investment opportunities regionally and globally.

“Allied to this will be a further session on how the wider Gulf Co-operation Council countries and the Middle East in general have confronted the global economic turmoil and how growth forecasts have been altered.”

From the institutional investor perspective, the key debate will be on establishing transparency and consistency in data and real estate market analytics, added Speller. “The role of institutional investors in the revival of the regional real estate industry is crucial and foreign investors in particular are looking for improvements in transparency and the regulatory framework. We will be looking at what long-term institutional investors think about Abu Dhabi and the regional markets and how to incentivise them to enter the market.”

“We will also be examining investment strategies in some detail including the viability of Middle East real estate investment trusts (REITs), including Shariah-compliant vehicles, where there is also concern over transparency.”

A recent wealth management report by Bank Sarasin of Switzerland said the lack of public data on the performance of Islamic REITs and real estate funds in general needed to be “addressed urgently if the sector is to mature.”

Other topics set to dominate at the conference are the merits of investing in emerging markets versus mature markets; maximising opportunities in distressed real estate; corporate and debt restructuring strategies; dissecting real estate boom and bust cycles in real estate to make strategic investment decisions. The conference will also examine the impact of the US stimulus package; the emerging potential of the Levant countries; Saudi Arabia, the economic powerhouse of the Middle East; opportunities in South and Latin America, Eastern Europe, Turkey and Russia; India versus China; investment and development opportunities in Africa; and the resilience of Asia in the global recession.

Among keynote speakers will be Rashed Mubarak Alhajeri, Chairman of the Department of Municipal Affairs; Mohamed Rashed Al Hameli, Director General of Abu Dhabi Chamber of Commerce and Industry; John Bullough, CEO of Aldar; John A. Thomas, Executive Director of Mubadala Real Estate and Hospitality; and Dr Nimer Basbous, Legal Adviser, HSBC Bank Middle East.

The development of the Middle East and North Africa real estate sector will be on display at the Cityscape Awards for Real Estate, marked with a gala dinner on Sunday 18 April 2010. Awards will be divided in to the main categories of architecture and development and entries are judged on their contribution to world architecture culture, invention and imagination, respect for people, the planet, context, environmental awareness and appropriateness in the region.

Headline sponsor of Cityscape Abu Dhabi 2010 is Mubadala Real Estate and Hospitality. Platinum sponsors are Al Qudra Real Estate, Al Maabar and Aldar Properties. Associate sponsor is the Abu Dhabi Department of Municipal Affairs.

Contributions to architecture, culture, environmental awareness and regional relevance key criteria for Cityscape Middle East Real Estate Awards

‘Remarkable’ developments in MENA to be honoured

Contributions to architecture, culture, environmental awareness and regional relevance key criteria for Cityscape Middle East Real Estate Awards

The search is on for unique projects that exemplify the remarkable real estate development made by both the private and public sectors throughout the Middle East and North Africa (MENA) region.

The Cityscape Awards for Real Estate in the Middle East and North Africa will be made during a gala dinner at Emirates Palace, Abu Dhabi, on 18 April 2010 attended by senior executives and personalities from the international real estate industry.

The awards are held in conjunction with Cityscape Abu Dhabi from 18-21 April 2010 at the Abu Dhabi National Exhibition Centre and provide an insight into current and future projects in the region. The final deadline for entries is 31 March 2010.

The closing date for entries is 31 March 2010 and all entries will be judged on their contribution to world architectural culture, invention and imagination, respect for people, the planet, context, environmental awareness and relevance to the Middle East and North Africa,” said Chris Speller, Group Director Cityscape.

“The awards recognise companies with projects that have shown outstanding performance and have made exemplary contributions to the region’s real estate development. The awards are firmly established as the leading real estate awards programme in the region - attested by the overwhelming response and quality submissions already received this year,” added Speller.

The award categories in some cases will be separated into built projects, that is those that are already complete and future projects, which represents those that are still incomplete or indeed still on the drawing board. There are a total of five categories with eight awards as follows;

Best Sustainable Development Award - for a project which has demonstrated outstanding commitment to sustainability in terms of its design, development and construction.

Commercial, Office and Retail Project Award - (built and future) for commercial and retail developments hotels, leisure facilities, office buildings and commercial facilities that show an innovative approach to the overall strategy of the development.

Residential Project Award - (built and future) for residential projects that show an innovative approach to the overall strategy of the development.

Mixed Use Project Award - (built and future) for mixed use developments that show an innovative approach to the overall strategy of the development.

Best Urban Design and Master Planning Award - for a project which best encourages or promotes a sense of place or significantly benefits a neighborhood, town, city or region.

A high level judging panel has been assembled for the awards consisting of seventeen eminent regional and international industry experts. They include amongst others;

Dr Abdulgader Othman Amir, Vice President Jeddah Development and Urban Regeneration Company; Blair Hagkull, Managing Director, Jones Lang LaSalle MENA; David Roberts, CEO, Aedas; Jeffrey Willis, Chairman, Emirates Green Building Council; Jeremy Oates, General Manager MPM Properties/Burooj Properties; Dr Mohammed Dulaimi, PhD Construction Management, The British University in Dubai; Nick Witty, COO Middle East, DTZ; Peter Drummond, Chief Executive, BDP; Rashad Mohammed Bukhash, Director of Architectural Heritage Department, Dubai Municipality; Steven Miller, Managing Director Dubai, Fxfowle Architects; Sultan Faden, Head of Founding Group, Saudi Green Building Council.


The Department of Municipal Affairs is associate sponsor for the Cityscape Middle East Real Estate Awards with headline sponsors Boomerang Automated Parking and Self Storage, Gaggenau, Signature Kitchen and Jotun Paints.

Headline sponsor of Cityscape Abu Dhabi 2010 is Mubadala Real Estate and Hospitality. Platinum sponsors are Al Qudra Real Estate, Al Maabar and Aldar Properties. Associate sponsor is the Abu Dhabi Department of Municipal Affairs.


For more details about the complete judges’ panel, award categories and sponsors plus general information about Cityscape Abu Dhabi, please visit www.cityscapeabudhabi.com


About Cityscape Abu Dhabi
Cityscape Abu Dhabi, the International Real Estate Investment and Development Event, provides a platform for regional and international real estate community to come together to network, create partnerships and discuss the future of real estate. It is part of a portfolio of Cityscape events in the Middle East, Asia and the Americas organised by IIR Middle East (www.iirme.com), the largest trade and consumer event business in the region and part of the Informa Group plc (www.informa.com)

Sweeping agenda at transparent 36-session Cityscape Abu Dhabi conference with 120 regional and international speakers

Open debate on future of real estate investment

Sweeping agenda at transparent 36-session Cityscape Abu Dhabi conference with 120 regional and international speakers

One of the most comprehensive and open debates yet on the future of real estate investment regionally and internationally involving more than 120 speakers from over 25 countries takes place during Cityscape Abu Dhabi, at the Abu Dhabi National Exhibition Centre from 18-21 April 2010.

“Given the dramatic changes that have impacted the global markets over the past year or more, we are planning a frank debate without restriction, presenting real estate professionals with a transparent platform to explore the real issues and challenges confronting the real estate investment industry,” said Chris Speller, Cityscape Group Director.

“The conference will have 36 sessions across three concurrent streams over three days covering a myriad of topics including the impact of the financial crisis on the real estate market; how the GCC countries have confronted the crisis; the viability of real estate investment trusts in the Middle East; and the transparency and consistency of real estate data throughout the region,” he added.

Other sessions on the extensive agenda include; comparing the performance of emerging markets with mature markets; opportunities in distressed real estate; the institutional investment market; the mortgage finance market in the United Arab Emirates; affordable housing; debt restructuring strategies; sustainable design and development; and mortgage-backed securities.

The conference will also look beyond the UAE and examine the impact of the US stimulus package; the emerging potential of the Levant countries; Saudi Arabia, the economic powerhouse of the Middle East; opportunities in South and Latin America, Eastern Europe, Turkey and Russia; India versus China; investment and development opportunities in Africa; and the resilience of Asia in the global recession.

“The Cityscape conference will, however, retain a strong emphasis on developments in the UAE capital,” said Speller. “Abu Dhabi has emerged not only as an economic hub for energy projects and infrastructure but has also developed a rich and unique cultural scene, blending Eastern and Western customs. The UAE capital is also giving priority to infrastructure in government spending for the next few years as part of a long-term development plan to achieve sustainable growth in the oil-reliant economy. Abu Dhabi, after all, is the largest economy in the UAE accounting for well over half of the country's gross domestic product,” he said.

Among the keynote speakers at the conference will be Rashed Mubarak Alhajeri, Chairman of the Department of Municipal Affairs, and Mohamed Rashed Al Hameli, Director General of Abu Dhabi Chamber of Commerce and Industry, who will be speaking on positioning Abu Dhabi as a leading global city.

John Bullough, CEO of property company Aldar, and John A. Thomas, Executive Director of Mubadala Real Estate and Hospitality, will examine new opportunities for investment and development in Abu Dhabi. Dr Nimer Basbous, Legal Adviser, HSBC Bank Middle East, will lead a forensic examination of Abu Dhabi’s regulatory framework.

The development of the Middle East and North Africa real estate sector will be on display at the Cityscape Awards for Real Estate, marked with a gala dinner attended by industry leaders on Sunday 18 April 2010. Awards will be divided in to the main categories of architecture and development and entries are judged on their contribution to world architecture culture, invention and imagination, respect for people, the planet, context, environmental awareness and appropriateness in the region.

Headline sponsor of Cityscape Abu Dhabi 2010 is Mubadala Real Estate and Hospitality. Platinum sponsors are Al Qudra Real Estate, Al Maabar and Aldar Properties. Associate sponsor is the Abu Dhabi Department of Municipal Affairs.

For more details about Cityscape Abu Dhabi and links to other Cityscape events, please visit www.cityscapeabudhabi.com


Photo caption: “Given the dramatic changes that have impacted the global markets over the past year, we are planning a frank debate without restriction, presenting real estate professionals with a transparent platform to explore the real issues and challenges confronting the real estate investment industry,” - Chris Speller, Cityscape Group Director.