Al Qudra Future Projects

    AlQudra Stand

    Al Qudra Real Estate, showcased authentic and modern future projects including the Traditional Souq project in Abu Dhabi, Barari Ain Al Fayda project and Kasr Al Bahr Hotel in Rabat, Morocco, at Cityscape Abu Dhabi 2017. 
    The Traditional Souq project is strategically located in Bain Al Jessrain area, with uninterrupted views of the Sheikh Zayed Grand Mosque. The Souq will span over 245,000 square meters and will include a number of commercial, cultural and entertainment centers.
    Barari Ain Al Fayda Development will offer a balanced lifestyle through areas dedicated for walking, entertainment, and sports. The project is located at the foothill of Jebel Hafeet, comprising 2,550 residential units spanning a total area of 752 sq. m. Al Qudra Holding  intends to revitalize Marie Feuillet Hospital transforming it into Kasr Al Bahr, a unique 5-star hotel palace which will be managed by Four Seasons.

    Top properties at Cityscape Abu Dhabi

    visitors at the Cityscape Abu Dhabi

    Ras Al Khaimah’s leading developer, RAK Properties, is investing in significant projects across the UAE, including its recently announced USD1.36 billion small island development within the landmark Mina Al Arab at the 11th edition of Cityscape Abu Dhabi, held last April. RAK Properties introduced Gateway Residences, Mina Al Arab small island’s first low-rise residential tower, offering 144-apartments of affordable luxury for young families.
    Another show spotlight was Tilal City, a 25 million sq ft mixed use development 
    in Sharjah by Tilal Properties, offering opportunities to buy land and build property within the emirate for the first time on a 100-year leasehold for all nationalities, and freehold to Arabs. Sharjah’s first master planned community, features 1,855 plots for villas, townhouses, and other residential and mixed use properties with a shopping mall and 5-star hotel, and will house an estimated 65,000 people. 

    Deyaar USD8.7 Mn Q1 2017 Profit

    The Atria

    Deyaar Development PJSC (“Deyaar”), announced its financial results for the first quarter of 2017, and reported a strong year-on-year increase in revenues to USD 38.7 million for the three months ending March 31, 2017. The rise was due to particularly strong growth in property revenues, which reached USD 30 million in the period, following good progress in Deyaar’s flagship projects, including The Atria and Mont Rose.
    Meanwhile, the company continued to prudently manage expenses, which stood at USD11.2 million for Q12017. This in turn resulted in Deyaar reporting a healthy net profit from business of USD8.72 million Q1 2017.
    Saeed Al Qatami, CEO of Deyaar, said: “Two key focus areas in the coming months will be the commencement of work on the Midtown master development, and the implementation of our ambitious plans for the hospitality.”

    IMKAN’s Makers District Abu Dhabi’s New Heart

    Makers District, an 18-hectare masterplan development on Reem Island, Abu Dhabi, is a new waterfront community with residential, hospitality, commercial and retail space.
    The-Artery will sit at the heart of Makers District, is the first building to be unveiled by IMKAN and will span 26,000 square metres, a multi-use building that integrates makers space with a parking garage.
    Led by a strong research base, with a heavy focus on identifying new trends and emerging opportunities, IMKAN aims to introduce creative solutions while bringing disruptive change to the region’s real estate landscape.
    The developer has awarded The-Artery design to BIG, an architectural design firm based out of Copenhagen and New York. Architectural firms MVRDV from Rotterdam and 10 Design from Hong Kong will also be involved in Phase 1 of the development.   
    Construction on The-Artery is anticipated to start later in 2017. Makers District is scheduled to be operational by 2020. 

    Bentley Systems Advances Reality Modeling

    Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, demonstrated at SPAR 3D Expo & Conference new ContextCapture offerings for reality modeling that increase joint opportunities in surveying and engineering. ContextCapture capabilities now include cloud processing services, a mobile app, and photo planning for Bentley’s applications. ContextShare extends Bentley’s ProjectWise connected data environment to securely manage, share, and stream reality meshes, and their input sources, across project teams and applications. Navigator Web is a new web application that delivers high-performance streaming of very large reality meshes through the browser to desktop or mobile devices.
    For infrastructure project delivery, reality modeling captures the actual context of infrastructure projects through photos and/or scans, creating engineering-ready reality meshes for design modeling, analytical modeling, and construction modeling. During asset performance, as-operated reality meshes can serve to immersively geo-coordinate the alignment of these digital engineering models with right-time inputs from connected IoT technologies. Accordingly, reality modeling extends the scope for engineers to add value to include “conceptioneering” and “constructioneering” for capital projects, and “inspectioneering” and “productioneering” for operating assets. 
    Thomas Daubigny, Bureau Veritas Chief Digital Officer, said, “Reality modeling is becoming pivotal in many industries as it fundamentally changes the management of assets, reinventing the handling of inspections, maintenance, and training, while opening doors to brand new services. The new Bentley ContextCapture cloud processing service will provide us the flexibility and power to accelerate the deployment of such innovations to our clients.” 

    Aconex Launches Connected Cost

    Aconex Limited, the #1 cloud platform connecting teams on the world’s largest construction and engineering projects, has launched Aconex Connected Cost, an integrated solution that brings together project controls and project information on a single cloud-based construction management platform. Connected Cost solves critical issues plaguing asset owners and contractors in the USD10-trillion global construction industry: 
    Current project controls approaches are flawed, wasteful and unsustainable, leaving project team members uncertain and exposed to factors that impair their productivity. This includes siloed information – teams must chase information across organizations and applications; manual updates – spreadsheets that introduce errors, and duplication; and poor visibility – lack of accurate, real-time information makes it impossible to properly measure performance against budget. 
    “Cost management in construction and infrastructure projects has been fragmented, resulting in poor project performance,” said Guy Barlow, global commercial director, Connected Cost, at Aconex. “So it’s no surprise that only about 5% of projects meet best-in-class predictability in terms of cost and schedule. Approximately 80% run over budget.” 
    What has been missing is connected data and unified processes which provide reliable, real-time project visibility.  Connected Cost addresses industry challenges with collaborative project controls that provide a complete view of cost information across both individual projects and project portfolios. Organizations can now budget, forecast, track progress and performance, manage entire programs and contracts, and process claims and payments with ease. Connected Cost is underpinned by three guiding principles. Single platform; Enterprise grade – fast and highly scalable; and Neutral environment creating a culture of trust.