Property Report

The Galleria, Sowwah Square in the heart of Abu Dhabi's Central Business District will be the Capital's luxury lifestyle destination when it opens in 2013. Phil Blizzard talks to Kenneth A Himmel, President & CEO, Related about their venture with Mubadala Real Estate & Hospitality and what world class retail destination will feature.

Video: A review of the real estate market in Abu Dhabi by Cluttons indicates that the softening of rent, in both the residential and commercial sectors, continued during Q1 2012. Phil Blizzard talks to Paula Walshe, Associate Director, Cluttons LLC, Abu Dhabi about key trends and what might be expected in the property market during 2012.

Video: The Abu Dhabi Tourism Development & Investment Company (TDIC) are one of the key stakeholders in tourism development for the UAE capital. At Cityscape Abu Dhabi, Ahmed Al Fahim, Executive Director, MARCOM, TDIC talks Phil Blizzard through their key developments - from Saadiyat Island with it's museums, hotels and residential aspects, into the desert and then their island projects in the Western Region

Video: Cityscape Abu Dhabi opened with major developers displaying their latest projects and talking about their deliveries to date. In this report Phil Blizzard looks at what real estate investors and developers can expect from the 6th edition of the show and talks to analysts Cluttons and developers Sorouh on the state of the Abu Dhabi real estate market.

'2012 will be a year of more choice, more realism, sustainability and more investment' says Craig Plumb, Head of Research Director, MENA, Jones Lang LaSalle. Talking to Phil Blizzard he provides an outlook for the key real estate sectors in Abu Dhabi which has gone through a period of slowing down in the development of numerous projects.

An overview of the Qatar real estate market for the residential and commercial sectors in 2011 is provided by Jed Wolfe, Associate Director, Regional - Saudi Arabia, Qatar, Bahrain, Asteco. He also talks to Phil Blizzard about the prospects for 2012 and beyond, when real growth in real estate returns is expected as major projects commence development.

The annual real estate outlook for the UAE property market from analysts Jones Lang LaSalle paints a mixed picture - with rental decline in some areas and small growth in others. Craig Plumb, Head of Research Director, MENA, JLL talks to Phil Blizzard about the key trends in the different real estate sectors and also the impact of global and regional events. The report indicates that residential and office rents are likely to fall further, but with some locations seeing an increase, and 2012 will be a year of further strength for the Dubai hotel sector.

In 2008 Al Zorah Development Company launched a large mixed use urban project which would create a city for over 200,000 people. Times have changed and so has their focus, which is now on a series of waterfront resorts along the Ajman coastline. Imad Dana, Chairman & CEO, Al Zorah Development Comapny talks to Phil Blizzard about their revised plans and what can be expected in this joint project with the Ajman Government.

Dr Samer Tamimi, VP Operations, Abu Dhabi, Hill International talks to Phil Blizzard about their 25 years of operations in the UAE capital and some of their award winning projects, including the Sheikh Zayed Grand Mosque.

Business Bay, Dubai is a waterfront development in the heart of the city, designed to create a mixed-use central business district. Phil Blizzard takes a look at the progress of this development which is slowly taking shape alongside part of the extended Dubai Creek.

In this edition of Property Talk Phil Blizzard talks to real estate experts Chris Allan and Porush Jhunjhunwala to discuss, first, real estate investment opportunities in three global cities - London, New York and Kuala Lumpur, and then takes a look at the commercial sector in Abu Dhabi.

Damac Properties are adding a hospitality element to their diverse portfolio as Phil Blizzard discovered at Cityscape Global. Ziad El Chaar, MD, Damac Properties talks on how they have survived the real estate downturn, their developments and projects across the retail, residential and commercial sectors.

The 10th edition of Dubai's premier real estate event Cityscape opened with an announcement from master developer Nakheel on a new project on Palm Jumeirah. Phil Blizzard reports on who is participating at the event, which is described by the organisers as the largest B2B real estate brand in the Middle East.

The first new property development announcement in recent years by master planner Nakheel was made at Cityscape Global. Phil Blizzard spoke to Ali Rashid Lootah, Chairman, Nakheel about the Palm Residence development which will be located off the trunk of Palm Jumeirah, also about their current focus and the fate of the QE2 cruise liner.

Phil Blizzard continues this special report by talking to industry experts from Jones Lang La Salle and Asteco about trends which are impacting the residential sector of the real estate market. These range from the new visa law for property investors through to the effect of the new Metro Green Line on rental values, and also the "flight to quality".