The European Union: Real Estate and Demography

May 25th, 2019 | Author/Destination: | Rubric: Architecture, Editorial, European Union, Living, Working, Building

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. 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 can also be transferred to other western EU states, the USA, Canada, Dubai in the United Arab Emirates and Tel Aviv in Israel.   read more…

Louvre Abu Dhabi

May 1st, 2019 | Author/Destination: | Rubric: Architecture, General, House of the Month, Museums, Exhibitions

© Phpeter/cc-by-sa-4.0

© Phpeter/cc-by-sa-4.0

The Louvre Abu Dhabi is an art and civilization museum, located in Abu Dhabi, United Arab Emirates. The museum was inaugurated on 8 November 2017 by French President Emmanuel Macron and United Arab Emirates Vice President Mohammed bin Rashid Al Maktoum and Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan. The museum is part of a thirty-year agreement between the city of Abu Dhabi and the French government. The museum is located on the Saadiyat Island Cultural District.   read more…

One57 in New York

October 1st, 2018 | Author/Destination: | Rubric: General, House of the Month, New York City

© flickr.com - Anthony Quintano/cc-by-2.0

© flickr.com – Anthony Quintano/cc-by-2.0

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…

Al Reem Island in Abu Dhabi

August 27th, 2018 | Author/Destination: | Rubric: General

© reem-island.ae

© reem-island.ae

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…

Theme Week United Arab Emirates – Emirate of Abu Dhabi

February 24th, 2018 | Author/Destination: | Rubric: General

Abu Dhabi view from Marina village © panoramio.com - patano/cc-by-sa-3.0

Abu Dhabi view from Marina village © panoramio.com – patano/cc-by-sa-3.0

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…

Theme Week Abu Dhabi – Al Ain

May 8th, 2017 | Author/Destination: | Rubric: General, UNESCO World Heritage

Oasis of Green Mubazarrah © Shahinmusthafa Shahin Olakara/cc-by-sa-3.0

Oasis of Green Mubazarrah © Shahinmusthafa Shahin Olakara/cc-by-sa-3.0

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…

Theme Week Abu Dhabi – Masdar City

March 23rd, 2016 | Author/Destination: | Rubric: Architecture, Design & Products, Energy, Environment, Building Automation, Green Buildings, Green Technologies, Intelligent Buildings, Living, Working, Building, Materials, Sustainability, Universities, Colleges, Academies

© fosterandpartners.com

© fosterandpartners.com

Masdar City is a planned city project in the Emirate of Abu Dhabi, in the United Arab Emirates. Its core is being built by Masdar, a subsidiary of Mubadala Development Company, with the majority of seed capital provided by the Government of Abu Dhabi. Designed by the British architectural firm Foster and Partners, the city relies on solar energy and other renewable energy sources. Masdar City is being constructed 17 kilometres (11 mi) east-south-east of the city of Abu Dhabi, right beside Abu Dhabi International Airport. Masdar City will host the headquarters of the International Renewable Energy Agency (IRENA). The city is designed to be a hub for cleantech companies. Its first tenant is the Masdar Institute of Science and Technology, which has been operating in the city since it moved into its campus in September 2010.   read more…

Theme Week Abu Dhabi, capital of the United Arab Emirates

August 16th, 2014 | Author/Destination: | Rubric: General, Theme Weeks

Abu Dhabi skyline from Marina © FritzDaCat/cc-by-sa-3.0

Abu Dhabi skyline from Marina © FritzDaCat/cc-by-sa-3.0

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…

Theme Week Abu Dhabi – Capital Gate, the Leaning Tower of Abu Dhabi

February 12th, 2014 | Author/Destination: | Rubric: General

Capital Gate, July 2012 © FritzDaCat/cc-by-sa-3.0

Capital Gate, July 2012 © FritzDaCat/cc-by-sa-3.0

Capital Gate is a skyscraper in Abu Dhabi adjacent to the Abu Dhabi National Exhibition Centre designed with a striking lean. At 160 m (520 ft) and 35 stories, it is one of the tallest buildings in the city and features an 18° incline to the west. The owner and developer of Capital Gate is Abu Dhabi National Exhibitions Company. The tower (also known as the Leaning Tower of Abu Dhabi) is the focal point of the Capital Center/Abu Dhabi National Exhibition Centre master development.   read more…

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