The Sheikh Zayed Grand Mosque is located in Abu Dhabi, the capital city of the United Arab Emirates. The largest mosque in the country, it is the key place of worship for daily prayers, Friday gathering and Eid prayers. During Eid, it may be visited by more than 41,000 people. The Grand Mosque was constructed between 1996 and 2007. It was designed by Syrian architect Yousef Abdelky. The building complex measures approximately 290 by 420 m (950 by 1,380 ft), covering an area of more than 12 hectares (30 acres), excluding exterior landscaping and vehicle parking. The main axis of the building is rotated about 11° south of true west, aligning it in the direction of the Kaaba in Mecca, Saudi Arabia. read more…
(Latest update: 4 July 2020) First, there is not THE real estate market – not national and certainly not international. In fact, the market situation is very fragmented due to the general conditions, in other words, many individual markets, collectively referred to as “the market”. Metropolitan Area A faces different challenges than Metropolitan Area B and Metropolitan Area C can not even understand what A and B are talking about. Where there is comparability, is the housing situation in the “affordable segment” in urban centers in all western EU states, the US and Canada. This is where the call for the state, which should intervene regulatively, quickly becomes louder. In free market economies, however, this is on the one hand not wanted and therefore on the other hand, only limited possible. That’s pretty okay, because the market is inherently profit-oriented and that’s just what it will stay, otherwise investment incentives for new construction would sooner or later be completely absent. The “rental price brake” (Mietpreisbremse) exemplifies the problem. At the same time, more and more social housing is being let out of the rental price brake without replacement investment being made. In the following, single aspects are examined in more detail using the example of Germany, whereby the scenarios also apply to other western countries such as the EU states, the US, the United Kingdom, Canada, Australia, but also, e.g., to Dubai and Abu Dhabi in the United Arab Emirates, Hong Kong, Singapore, Tel Aviv in Israel and other emerging metropolitan regions around the world. read more…
One57, formerly known as Carnegie 57 and nicknamed “The Billionaire Building”, is a 75-story (marketed as 90-story) supertall skyscraper at 157 West 57th Street between Sixth and Seventh Avenues in the Midtown neighborhood of Manhattan, New York City. Upon completion in 2014, it stood at 1,005 feet (306 m) tall, making it the tallest residential building in the city for a few months until the completion of 432 Park Avenue. The building has 92 condominium units on top of a new Park Hyatt Hotel with 210 rooms, which is set to become the flagship Hyatt property. The building’s developer is Extell Development Company, the contractor is Lend Lease Project Management & Construction, and the architect is Christian de Portzamparc. As of January 2015, it is home to the most expensive residence ever sold in New York City. read more…
Reem Island is a natural island 600 metres off the coast of Abu Dhabi island. Sorouh Real Estate, Reem Investments, and Tamouh are independently developing parts of the island with projects like Shams Abu Dhabi. Reem Developers define the overall dimensions of the project as 6.5 million square metres and investment costs as exceeding $30 billion. The project has gained international interest as one of the first free zones in Abu Dhabi, where foreign nationals can buy property as leasehold. read more…
The Emirate of Abu Dhabi is one of seven emirates that constitute the United Arab Emirates (UAE). It is the largest emirate by area (67,340 km2), accounting for approximately 87 percent of the total land area of the federation. Abu Dhabi also has the largest population of the seven emirates. The population is at 2.8 million, of which less than 20% are Emirati citizens. Abu Dhabi is the capital city of the emirate, after which it is named, as well as the capital of the federation. Main cities and towns are Abu al Abyad, Al Ain, Al Shahama, Al Tawelah, Al Shalelah, Al-Aryam Island, Al Shamkha, Bani Yas City, Ghayathi, Ghantoot, Habshan, Al Wathba, Al Mu’azaz, Al Ad’la, Swehan, Halat Al Bahrani, Khalifa Port, Liwa Oasis, Madinat Zayed, Marabe al Dhafra, Marawah, Port Zayed, Ruwais, Sila, Sir Bani Yas, and Tarif. read more…
Al Ain (literally The Spring), also known as the Garden City of The Gulf given the many oases, parks, tree-lined avenues and decorative roundabouts within the city. Strict height controls on new buildings, to no more than four floors, emphasise the greenery of the city, is the second largest city in the Emirate of Abu Dhabi and the fourth largest city in the United Arab Emirates. With a population of 650,000 (2013), it is located approximately 160 kilometres (99 mi) east of the capital Abu Dhabi and about 120 kilometres (75 mi) south of Dubai. Al-Ain is the birthplace of Sheikh Zayed bin Sultan Al Nahyan, the founder of the United Arab Emirates, and has the highest proportion of Emirati nationals (30.8%). Al-Ain is located in the Emirate of Abu Dhabi, inland on the border with Oman. Jebel Hafeet (Hafeet mountain) is considered one of the monuments of Al-Ain, lying just to the southeast and rising to 1,300 m in elevation. Sand dunes of varying texture that are tinged red with iron oxide lie to the north and east of Al-Ain. The freeways connecting Al-Ain, Abu Dhabi, and Dubai form a geographic triangle in the country, each city being roughly 130 kilometres (81 mi) from the other two. The cultural sites of Al Ain (Hafit, Hili, Bidaa Bint Saud and Oases Areas) are UNESCO World Heritage Sites since 2011. read more…
Abu Dhabi is the capital and the second most populous city in the United Arab Emirates and also capital of the largest of the UAE’s seven member emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western coast. The city proper had a population of 921,000 in 2013. Abu Dhabi houses federal government offices, is the seat of the United Arab Emirates Government, home to the Abu Dhabi Emiri Family and the President of the UAE, who is from this family. Abu Dhabi has grown to be a cosmopolitan metropolis. Its rapid development and urbanisation, coupled with the relatively high average income of its population, has transformed Abu Dhabi to a larger and advanced metropolis. Today the city is the country’s center of political and industrial activities, and a major cultural and commercial centre, due to its position as the capital. read more…
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(Latest update: 4 July 2020) First, there is not THE real estate market – not national and certainly not international. In fact, the market situation is very fragmented due to the general conditions, in other words, many individual markets, collectively referred to as “the market”. Metropolitan Area A faces different challenges than Metropolitan Area B and Metropolitan Area C can not even understand what A and B are talking about. Where there is comparability, is the housing situation in the “affordable segment” in urban centers in all western EU states, the US and Canada. This is where the call for the state, which should intervene regulatively, quickly becomes louder. In free market economies, however, this is on the one hand not wanted and therefore on the other hand, only limited possible. That’s pretty okay, because the market is inherently profit-oriented and that’s just what it will stay, otherwise investment incentives for new construction would sooner or later be completely absent. The “rental price brake” (Mietpreisbremse) exemplifies the problem. At the same time, more and more social housing is being let out of the rental price brake without replacement investment being made. In the following, single aspects are examined in more detail using the example of Germany, whereby the scenarios also apply to other western countries such as the EU states, the US, the United Kingdom, Canada, Australia, but also, e.g., to Dubai and Abu Dhabi in the United Arab Emirates, Hong Kong, Singapore, Tel Aviv in Israel and other emerging metropolitan regions around the world. read more…
