Bando da 3miliardi di dollari in Qatar
In Qatar fervono i preparativi per i mondiali di calcio del 2022 ed oggi arriva la notizia di un budget da 3 miliardi di dollari stanziato per la costruzione di una nuova città proprio in vista dell’evento sportivo. Il bando è gestito da Lusail Real Estate Development Co. società di stato del Qatar che avrà il compito di sviluppare appunto la nuova città: Lusail City.
Si prevede che la città possa essere ultimata entro il 2019, e abbia la capacità di accogliere 200’000 residenti e il doppio in termini di visitatori. Sorgeranno isole artificiali, un quartiere dedicato all’intrattenimento, campo da golf e cinque stadi, uno dei quali ospiterà la finale dei Mondiali di Calcio del 2022.
Qatar to Award $3 Billion of Contracts for New World Cup City
Lusail Real Estate Development Co., the state-owned Qatari company building a new city in time for the 2022 soccer World Cup, plans to award about $3 billion worth of contracts for roads and infrastructure over the next year.
“Our strategy is to go for an open bid,” Chief Executive Officer Essa Mohammed Ali Kaldari said in an interview. “We would like to give an opportunity to many companies.”
Lusail City, which will have 200,000 residents and capacity to accommodate twice that many people, is scheduled to be completed by 2019, Kaldari said. The city will include manmade islands, an entertainment district, an office park for energy companies, a golf course and five stadiums. The World Cup final will be held in a venue north of the city, the CEO said.
The largest of the projects to be awarded in the next year will be for construction of the Al Khor Highway, running along Lusail City’s western border, Kaldari said. He didn’t provide details of other contracts to be given out.
Hochtief AG, Germany’s biggest construction company, started a joint venture with Lusail Real Estate in May to provide planning and construction services for the new city. The company plans to bid for other contracts.
“We are interested in infrastructure projects and building projects as well,” Hochtief spokesman Bernd Puetter said in a telephone interview. “We will be bidding.”
Qatar’s sovereign wealth fund acquired a 9.1 percent stake in Hochtief in December. The German company is building a commercial area for Qatari developer Barwa Real Estate Co.Spain’s Actividades de Construccion & Servisios SA said this month it controls 33.5 percent of Hochtief as it pursues a hostile takeover of the company.
Qatar will spend about $65 billion getting ready for the World Cup, awarded to the country in December, Bank of America Merrill Lynch estimates. The country plans to double the number of hotel and apartment rooms in the country, build a new rail network, construct nine World Cup stadiums and refurbish three existing ones. Plans to build Lusail City were included in plans shown in September to inspectors from FIFA, world soccer’s governing body.
“Before, people were beginning to come to us for building permits and concept design approval. Things were going in a normal manner,” Kaldari said. “Now it’s starting to speed up because people know that they need to deliver.”
Lusail City’s infrastructure will cost about $5 billion and will be finished by 2015, Kaldari said. About 75 percent of the city’s land has been sold to private developers, mostly from the Persian Gulf. The companies are required to complete their projects within four years of receiving the land, Kaldari said.
Mourjan Marinas is developing the Lusail marina, and Qatar Real Estate Development Co. plans to construct a 1 billion riyal ($275 million) mall.
Qatar, a country of 1.6 million, is using revenue from the world’s third-biggest gas reserves to invest in infrastructure, research centers and universities. The country’s government forecasts that its gross domestic product will grow 21 percent this year, after a 16 percent increase in 2010. The population may rise to 3 million by 2020, Kaldari said, citing government projections.
Lusail Real Estate is part of Qatari Diar Real Estate Investment Co., the development arm of Qatar’s sovereign wealth fund. Lusail city will be financed through Diar, Kaldari said.
Gli Affitti ad Abu Dhabi sono sotto pressione
Ad Abu Dhabi la crisi delle locazioni ha spinto i proprietari a rinunciare all’aumento dei prezzi del 5% come concesso dalle autorità, e piuttosto perseguono strada della prova gratuita di 3 mesi delle ville offerte in locazione, al fine di attirare clienti e riportare i livelli a quelli pre-2008.
L’anno scorso Abu Dhabi, che è una delle città più care al mondo, ha visto crollare del 30-40% le locazioni e ciò ha spinto i proprietari a rivedere radicalmente le loro scelte in tema di gestione degli affitti.
Abu Dhabi rents under pressure
Landlords abandon 5% rent rise and offer free trials
Recovering supply is pushing rents in Abu Dhabi further down and forcing landlords to unlock their property and abandon a government-approved five per cent annual rent increase.
Some of the owners have also started to offer a three-month free trial rent for their villas to entice customers following a sharp rise in such rents during the few years that preceded the 2008 global fiscal crisis.
Over the past one year, rents in Abu Dhabi that has been classified as one of the most expensive cities in the world tumbled by 30-45 per cent, a real estate agent was quoted Sunday as saying.
“This is forcing many landlords to abandon their policy of locking their property units to wait for rents to increase again…they have started to unlock them to meet their massive financial commitments towards banks which had funded their property,” said Hassan Hammadi, chairman of Alwaha Properties in Abu Dhabi.
“Some others have stopped imposing the five per cent rent increase in the contract although this increase is still officially in force,” he said, quoting by the Arabic language daily ‘Emarat Al Youm’.
He said low demand and a surge in supply have also forced some property owners to offer their villas free for two or three months on a trial basis and provide free cleaning services for tenants along with other incentives aimed at attracting customers.
Another real estate agent in the capital, with a population of around one million, said rents in Abu Dhabi city has declined by nearly 10 per cent since the start of this year.
Mahmoud Al Saeedi, owner of Dar Alahbab real estate firm, attributed the steady fall in rents to swelling supply and a surge in demand for apartments outside the capital following a sharp expansion in construction activities.
“The average rent value in Abu Dhabi is now around Dh100,000 compared with more than Dh170,000 in the previous period…this is a very big decline,” he said.
The paper quoted another property expert as saying he expected rents to slide further in summer.
“This is because of summer annual vacations by expatriates, a decline in demand for property after the rise in costs of education and health, and the end of work contracts by many workers, mainly those in the construction sector,” said Nassir Al Hammadi, owner of the Gulf Pearl real estate management company.