French Deputy PM promotes major real estate project at Cityscape Dubai 2009

A Gallic flair was added to the last day of the grand real estate event Cityscape Dubai as the Deputy PM of France, Patrick Devedjian delivered a half an hour presentation on Paris La Defense. This amazing real estate development aims to become the new commercial capital of Europe. Cityscape Dubai is a grand event in context with Dubai real estate and people associated with real estate sectors from all over the world. The real estate project talked about y the Deputy PM of France is a centrally located project which comprises a mixture of new builds and renovations. An office space of 3.2 million sq m is to be developed within 15 towers between 35 to 301 m high.

The encompassing developments around the project are €33 billion which targets insurance companies, energy, banking, schools, universities and research centers. Other than this it also houses up to 20,000 residents upon completion. The Deputy PM, France, Patrick Devedjian said: “The crisis has given us the opportunity to create a new financial city which will serve as the new commercial capital of Europe - this is our ambition. For the first time in France, towers will integrate a mix of functions.”

He was confident enough as the prevailing financial circumstances would not affect the project as €23 million of funding has already been secured for the project within 10 months. The project was launched in 2006 and leading architects such as Jean Nouvel, Tom Mayne and Norman Foster are currently involved in this real estate project. These towers are being designed BREEAM, HQE and LEED standards. The Tour Phare, 301 m Tour Signal and 300 m high Tour Generali are among the most striking towers being developed.

Emaar and Nakheel to Participate in Cityscape 2009

Cityscape Dubai is the largest business to business real estate development and investment exhibition. Nakheel, the state owned master real estate developer has now agreed to take part in this grand real estate event Cityscape Dubai. Earlier, these two famous Dubai real estate developers have decided not to participate in the event; however they have now reversed their earlier decisions. Emaar Properties said that they will participate in order to explain the growth strategies and expansion of their work by various business segments. They need to further explore the new geographies especially, in North Africa and Middle East.

Nakheel’s decision of participating in Cityscape Dubai 2009 was followed by discussions with partners, leading event organizers and various industry stake holders. Moreover, they both said that they would not be participating in Dubai’s premier real estate show. On Saturday, Nakheel said: “It would focus on exhibiting communal properties on several of its developments that are close to completion.” Emaar will also feature various lifestyle communities which the company is developing in Dubai and in other international markets.

Recently, Nakheel has completed the handover of 33 islands on The World. There are various other property developments in its portfolio for which the handovers are scheduled. The company is further preparing for the inaugural Dubai World Championship Golf tournament which is going to be held in November at Jumeirah Golf Estates. Earlier Emaar refused to participate as they wanted to focus on its existing portfolios. Emaar Properties is set to merge with three government owned property units. Now, both have decided to take part in this grand real estate event.

Dubai Properties Group To Display 5 Projects At Cityscape

Dubai properties Group (DPG) is a member of Dubai Holding. It has recently announced that 5 new landmark developments will be showcased as these are scheduled for handover at this year’s Cityscape Dubai 2009. Cityscape is a largely organized business to business development event in the world and property investment. Dubai properties group is now participating in this grand event for the sixth consecutive year. The event will be held at the Dubai International Convention and Exhibition Centre from October 5-8. This well known property group has recently realigned its business in order to ensure long term profitability and investment to the company.

Group CEO, Khalid Al Malik, DPG, said, “Our participation at Cityscape Dubai 2009 not only allows us to showcase the diversity of our projects, but to demonstrate the tremendous progress we have achieved in delivering a remarkable number of unique communities in 2009, all contributing to the growth of Dubai. DPG looks forward the participating in this year's event as we have some exciting news to share during the press conference on the second day of Cityscape 2009.  We are confident our exhibit will be well attended by our stakeholders and industry peers.”

This is the first time at cityscape that Dubai properties group will present its completely integrated development profile. This complete profile leverages the strengths and portfolios of Dubai properties with Sama Dubai. Tatweer’s real estate projects are also incorporated including REEMRAM. Others include The Tiger Woods Dubai, Dubailand and Bawadi. This is to create the largest development based and real estate business in the region.