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Old April 16th, 2008, 05:05 AM   #121
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I see they used footage of the MCG in Melbourne and Aussie Rules for their sport section - not sure if we'll end up seeing that!
Actually the AFL played a pre-season game in Dubai!
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Old April 16th, 2008, 07:33 AM   #122
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Well, tourism and theme-parks never made a city great and world-class, so I hope Dubai has another trick up its sleeve besides real-estate. If only Emiratis could use their bachelors degrees to innovate and come up with new technology, rather than to take up a lazy civil service job or a real estate position - then perhaps Dubai will have a chance of gaining the respect of the real financial powerhouses of the world (of course, if it democratizes itself). Tourism can't sustain high standards of living, only innovation can, but Dubai will need to import that from elsewhere because its own subjects don't innovate. This sort of stuff is impressive, but not worthy of respect. You risk becoming the epitome of Florida-style tackiness in the Middle East if this sort of silly stuff is built.
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Old April 16th, 2008, 09:54 AM   #123
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@ Khanrak

I couldn't agree more.
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Old July 5th, 2009, 12:49 PM   #124
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Dubailand Sales Center

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Old July 5th, 2009, 12:50 PM   #125
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Emaar Falls 10% on Merger Announcement --- Pact With Three Government-Owned Firms Raises Investor Doubts About Benefits
29 June 2009
The Wall Street Journal

DUBAI -- Investors sent shares of Emaar Properties PJSC tumbling Sunday amid anger over the Dubai company's surprise announcement that it would merge with three struggling government-owned real-estate companies.

Shares in Emaar dropped 10% in Dubai, the sharpest decline since Nov. 18, as investors questioned whether the developer will benefit from the deal that would create an entity with a vast land bank and 13.4 billion U.A.E. dirhams ($3.65 billion) of debt.

"Investors are nervous," said Imam El Nour from Asayel Sales & Bonds, an Abu Dhabi-based brokerage firm.

Emaar, the Middle East's largest developer, plans to merge with Dubai Properties LLC, Sama Dubai LLC and Tatweer LLC, units of Dubai Holding LLC, the conglomerate controlled by Dubai's ruler, the companies said in a joint statement Friday.

Emaar Chairman Mohamed Alabbar said the proposed consolidation "will create a robust and strategic asset base, while joining the strengths of the management teams and employees of these three companies."

But the merger, while good for crimping the supply of property to Dubai's struggling real-estate market and cutting costs, creates little value for shareholders, analysts say.

"Minority shareholders run the risk of having the current portfolio of assets diluted by large tracts of probably now-uneconomic land, which will constrain a combined balance sheet," said Chet Riley, an analyst at Nomura International.

As the downturn in Dubai's property sector shows no signs of letting up, many big developers are being forced to scale back real-estate projects, shed staff and make other cash-saving moves. Earlier this year, Emaar said it was putting its expansion plans on hold and would focus on finishing existing projects amid the property slump.

In contrast, uncertainty surrounds the future of Dubai Holding's projects. Both Sama Dubai and Tatweer, which is developing the $110 billion Dubailand theme park, have said they are reviewing projects in light of the global credit crunch. Much of its land bank also lies in the desert, kilometers from the city center, and is unlikely to be developed in the near future.

"I wouldn't be surprised if key projects encompassing the four entities, such as Dubailand, are further delayed with additional cancellations," said UBS analyst Saud Masud.

Some analysts fear the merger may also burden Emaar's real-estate portfolio, which includes the Burj Dubai, planned to be the world's tallest building, due to open later this year.

"Dubai Holding's assets are way below Emaar's both in terms of quality and progress," said Bobby Sarkar, a real-estate analyst at Dubai-based investment bank Al Mal Capital, which Sunday said it was suspending its rating for Emaar amid uncertainties over the announcement.

In 2007, Emaar and Dubai Holding were forced to abandon a land-for-shares swap, after the proposed deal failed to impress shareholders. Instead, the two companies agreed to explore joint-venture arrangements to develop land in prime locations in Dubai.

Emaar says the merger will create a group with 13.4 billion dirhams of debt, representing 7% of total assets worth 194 billion dirhams.

At the end of last year, Dubai Properties, Sama Dubai and Tatweer had 126 billion dirhams in assets and total external debt of 3.4 billion dirhams, or 2.7% of combined assets. Emaar's own debt obligation was 10 billion dirhams, or 15% of the total book value of 68 billion dirhams in assets, at the end of March.
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Old July 5th, 2009, 01:04 PM   #126
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Dubailand Sales Center

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Old July 5th, 2009, 01:07 PM   #127
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Heat will hit Olympic dream
26 June 2009
Middle East Economic Digest

With governments spending billions of dollars, the aim is to host leading sports events

The weather, rather than the facilities, will be the main obstacle

In 10 years' time, the Gulf will be home to sports facilities capable of hosting major sporting events such as the Olympic Games. The latest project planned in the region is an Olympic-standard stadium in Abu Dhabi, which could be used by the emirate to mount a bid for the 2020 games, when much of the city's much-hyped Plan 2030 Urban Master-plan will have been completed.

By 2020, Abu Dhabi will have hosted its tenth Formula 1 Grand Prix, at least two Fifa Club World Cups, opened its 65,000-capacity Khalifa football stadium, and completed a range of world-class golf courses.

But even with all these projects, Abu Dhabi will have some serious competition if it wants to be the sports capital of the region. Bahrain already has its own Grand Prix, Doha still has the sporting infrastructure it built for the 2006 Asian Games and is opening a new equestrian centre, and Dubai has opened the first components of its sports city at Dubailand, and is working on one of the world's largest racecourses. In Saudi Arabia, there are plans for a new sports city development on the outskirts of Jeddah.

Such heavy investment goes way beyond building municipal sports centres for local communities. With governments spending billions of dollars, the aim is to host leading sports events. The Gulf has already had a taste with the Asian Games, Grands Prix, Twenty20 cricket matches, horse racing, swimming championships, tennis and golf tournaments, and Rugby Sevens, but it wants one of the big two: the Olympics or the Fifa World Cup.

Doha's 45-degree-plus October temperatures and lack of sporting legacy meant its bid for the 2016 Olympics was shortlived, and shows that the Gulf states still have much work to do to convince sports' governing bodies that they can host such high-profile competitions.

The weather, rather than the facilities, will be the main obstacle to the Gulf states' plans to host major sporting events.
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Old July 24th, 2009, 10:21 PM   #128
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Saleh Constructions commence work at Dubai Lifestyle City in DUBAILAND®
23 July 2009
Al-Bawaba News

The projects network infrastructure at the development has been completed Lifestyle City (DLC), the luxury lifestyle development located in Dubailand, announced today that Saleh Constructions have commenced construction work of the project. Saleh Constructions will build the 68 Tuscan-themed villas and 120 villettes (condominiums).

The projects network infrastructure at the development has been completed

Lifestyle City (DLC), the luxury lifestyle development located in Dubailand, announced today that Saleh Constructions have commenced construction work of the project. Saleh Constructions will build the 68 Tuscan-themed villas and 120 villettes (condominiums).

The construction work of JW Marriot Hotel and the IMG Academies is scheduled to begin in September 2009. The first phase of DLC is expected to be completed by the end of 2011.

The projects network infrastructure work at the development is now complete. This includes the 100 per cent completion of the road networks, telecommunication, surface water drainage, sewage network, irrigation networks, fire-fighting system, street lighting and portable water network. The completion of the infrastructure work on the project site will help the progress of the construction activities.

Mr. Arif B. Rahman, Managing Director for Dubai Lifestyle City, said, “We are proud to share our progress and reaffirm our commitment to this unique project. The appointment of Saleh Constructions has been in line with our efforts to ensure superiority and, yet, maintain a swift pace in the construction work. The Dubai Lifestyle City has made a promise to deliver a first-of-its-kind haute living experience and we are on track to deliver the promise.”

Mohammed Al Habbai, Senior Vice President at Dubailand, added, “Dubai Lifestyle City is a unique project, which we are all very excited about. It will offer a different type of living experience and we are proud to have the project as part of Dubailand, through which we will continue to provide our full support to ensure the timely delivery of the project.”

Dubai Lifestyle City, has been conceptualized by the ETA Star group, is well en-route to raising the bar on “haute living”. Spread over a sprawling 4 million square feet enclave, the exclusive self-sufficient residential community has entered into partnerships with some of the most respected leaders from a variety of fields, including JW Marriott, IMG Academies, Microsoft, and CISCO to create 68 Tuscan-themed villas and 120 villettes (apartments), all conceived by Tony Ashai the celebrated Beverley Hills designer. © 2009 Al Bawaba (www.albawaba.com)
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Old July 12th, 2010, 03:12 PM   #129
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12/July/2010

Falcon City , villa interior photos

We did a snagging with my friend today , quality is good there , we had only small problems ,mostly just final painting.

[IMG]http://i30.************/c1flv.jpg[/IMG]

[IMG]http://i32.************/wtyt5l.jpg[/IMG]

[IMG]http://i28.************/35jffcx.jpg[/IMG]

[IMG]http://i29.************/2ql4pyg.jpg[/IMG]

[IMG]http://i32.************/16iuxqv.jpg[/IMG]

[IMG]http://i27.************/13zqsdz.jpg[/IMG]

[IMG]http://i30.************/21cidyf.jpg[/IMG]

[IMG]http://i31.************/1z2g61g.jpg[/IMG]
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Old July 12th, 2010, 03:21 PM   #130
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12/July/2010

Falcon City villas, Dubailand

[IMG]http://i31.************/bfot49.jpg[/IMG]

[IMG]http://i31.************/xc0pog.jpg[/IMG]

[IMG]http://i27.************/24pl15z.jpg[/IMG]

[IMG]http://i25.************/vx0krc.jpg[/IMG]

[IMG]http://i28.************/2iou1f.jpg[/IMG]

[IMG]http://i29.************/1zoerfk.jpg[/IMG]

[IMG]http://i28.************/2q89hcn.jpg[/IMG]

[IMG]http://i27.************/2ckkcz.jpg[/IMG]

[IMG]http://i28.************/90wzz9.jpg[/IMG]
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Old July 12th, 2010, 03:23 PM   #131
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12/July/2010

Falcon City villas, Dubailand

[IMG]http://i26.************/2zssg1g.jpg[/IMG]

73 new pics here:

http://picasaweb.google.com/imresolt...bai12July2010#
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Old July 13th, 2010, 02:20 PM   #132
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There just seems to be no variety in the designs of entire blocks. The courtyards seem tiny too, with huge tank things taking up a lot of space.

Overall its good to see deelopment going on there though. I really want to see Dubailand succeed, as it will add a new dimention to the city. The theme parks will be great if they are built.
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Old July 13th, 2010, 02:48 PM   #133
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Looks like a ghost town.
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Old July 13th, 2010, 03:27 PM   #134
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Quote:
Originally Posted by Chad View Post
Looks like a ghost town.
That is because most villas are still in the process of being handed over and the photos that Imre took was while hes friend was inspecting his or her villa. That means that a very small amount of residents has actually received their villas and those who have received theirs is either looking for an tenant, will use it as a holiday home or is still in the process of moving.
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Old July 13th, 2010, 03:42 PM   #135
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I really really hoping for that
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Old May 19th, 2011, 08:13 PM   #136
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Dubailand to have Universal, Legoland for now

Tatweer Parks says it is not actively pursuing other theme parks

By Parag DeulgaonkarPublished Thursday, May 19, 2011

Tatweer Parks, a subsidiary of Dubai Holding, is currently in talks with Universal Studios and Merlin Entertainments Group for theme parks in Dubailand and not actively pursuing any other venture, Emirates 24/7 can reveal.

“Tatweer Parks continue to work with Universal to develop a world class theme park in Dubai on line with market demand. Specific dates will be announced nearer to the time of opening and when agreed with Universal,” the company said in an emailed statement.

“Similarly Legoland forms an important part of this strategy and we continue to work with them.”

http://www.emirates247.com/property/...05-19-1.394403
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Old May 24th, 2011, 01:08 AM   #137
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Remraam project at Dubailand to be handed over

[IMG]http://i56.************/2md4475.jpg[/IMG]
Infrastructure at Remraam, Dubailand has been largely completed.

Quote:
by CW Staff on May 18, 2011

With handover set to commence in the second quarter of this year, final touches are underway at the Remraam residential development in Dubailand.

“The construction of roads and related infrastructure is substantially complete,” said Dubai Properties Group (DPG) CEO Khalid Al Malik.

DPG, a member of Dubai Holding, has also announced it has received certification from Dubai Civil Defence (DCD) for the first set of buildings at Remraam.

“The achievement of DCD certification is a significant milestone, and confirms our commitment to the delivery of this highly anticipated new community.
http://www.constructionweekonline.co...e-handed-over/
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Old May 24th, 2011, 01:09 AM   #138
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Dubailand back on track by year-end, says developer

By Shane McGinley | Monday, 23 May 2011 2:29 PM



Quote:
Dubailand, the multibillion-dollar real estate project backed by Dubai Properties Group, is in talks with developers to review their contracts under a wider restructuring plan that aims to get the project back on track by the year-end.
http://www.arabianbusiness.com/dubai...er-401628.html






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Old May 29th, 2011, 12:48 AM   #139
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Dubailand must be scaled down significantly - BMI

Quote:
By Andy Sambidge | Saturday, 28 May 2011 9:54 AM

A massive downsizing of the multi-billion dollar Dubailand project is needed to fit in with the "harsh realities" of Dubai's battered real estate market, according to Business Monitor International.

In a new report, BMI analysts said "a significant scaling down" of the $91bn project is needed if it is to become a reality.

BMI's analysis of Dubailand comes just days after Dubai Properties Group said it was in talks with developers to review their contracts as part of plans to get the project back on track by the year-end.

The mega-project was one of the most ambitious entertainment resorts planned for Dubai but was placed on hold in 2008 after the credit crunch saw the emirate’s real estate market collapse.

The development was originally slated to be twice the size of Walt Disney World Resort and boasted tie-ups with Universal Studios and Legoland.

The BMI report said: "While plans to re-launch the massive leisure project by year-end certainly send out positive signals about the recovering sentiment within the market, we believe serious thought (and downsizing) will be needed if the project is to fit in with the harsh realities of Dubai's subdued property market in 2011."

BMI added that it saw the decision to re-launch the landmark project as part of a "broader trend observable within among developers in the emirate".

"Sensing a marginal improvement in market sentiment and unwilling to write-off projects altogether; many developers are now pushing ahead with developments that have been stalled since the beginning of the crisis," BMI said.

"Such developments continue to flood a market that continues to suffer from significant over-supply, despite the Dubai Real Estate Regulatory Agency's decision to cut a large chunk of planned developments in the latter half of 2010.

"With this in mind and demand for new projects still weak, we believe a significant scaling down of Dubailand's ambitions is needed if it is to fit the economic realities facing Dubai in 2011."

Dubai had the world’s fastest-growing property market from 2006 to mid-2008 because of rising demand from a growing expatriate workforce and speculation fuelled by borrowing.

Prices quadrupled in the six years following the 2002 decision to allow foreign ownership of property in designated areas.

The global financial crisis sparked the collapse of the emirate’s property sector, wiping more than 60 percent off house prices and sending speculators fleeing from the market.

About 50 percent of Dubai real-estate projects were cancelled or suspended after the collapse.

Dubai Properties Group said earlier this week that it planned to unveil a revised masterplan for the mega-project later this year.
http://www.arabianbusiness.com/dubai...mi-402385.html
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Old May 30th, 2011, 07:18 AM   #140
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Tenants flock to Dubailand as rents become more attractive
Studios available for as low as Dh20,000, while one bedroom units are available for Dh30,000



If you are looking for a good rental deal this summer, try Dubailand. Market experts estimate supply in the new community to reach around 4,200 units of which 60 per cent will come into the lease market.

http://www.emirates247.com/property/...05-30-1.399024
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