Built Asset Consulting

Showing posts for built asset consulting

24 October 2023

Valuing luxury real estate in the Gulf

Understanding luxury Luxury is a concept as old as philosophy itself. It has stirred debate for centuries. From the musings of Plato to modern economic thinkers like Werner Sombart and Thorstein Veblen, interpretations of the concept of luxury may differ, but they all seem to agree that luxury is an important aspect of society. Sombart championed luxury’s central role in […]
22 June 2023

Does sustainability pay? How is the Gulf integrating global best practice?

Perspectives on sustainability Architects, planners and regulators alike all favour sustainable buildings, each with good reason: to design, shape and order new developments that will benefit the planet and improve the environment. The upcoming COP28 Conference in Dubai,[1] and the prioritisation of carbon emission reductions through the circular economy as an integral part of 2023 as the Year of Sustainability,[2] […]
18 January 2023

How effective is real estate as an inflation hedge? A perspective from the Gulf

GCC Inflation: perception and reality At the beginning of 2023, the consensus perspective is that the global economy is far from out of the inflationary woods yet. After a global average of 8.8% last year, opinions now diverge as to the curve of the downward trajectory this year, from the IMF’s global estimate in October 2022 of 6.5%1, to a […]
7 September 2022

The significance of Gulf IPOs for real estate

IPOs have come back into fashion In the Gulf, they have done so in spectacular fashion. 2021 was itself a record year for IPOs globally, but in contrast to the slowing global IPO market the tempo did not let up this year in the region. Ernst & Young reported that MENA IPO markets saw fifteen IPOs during Q1 2022.[1] In […]
9 August 2021

Ayla project – Jordan

Our client is working on a new mixed development, including a hotel surrounding manmade unique lagoons. We have been tasked with providing technical reports which will be used to facilitate the good management of the development. This will include an assessment of the operations and the FM aspects of the property, including the assets and an assessment of service charge […]
9 August 2021

Industrial facility, plant and equipment – Abu Dhabi

Client: FALCON Zinc Metal Industries LLC Location: ICAD2, Abu Dhabi Project Value: AED 15.5 million Purpose: Project monitoring services for new build facility Project Background To obtain bank funding for their new build project, Falcon Zinc were required to appoint an independent 3rd party to inspect the works on site and verify the payments due to the contractor are correct. […]
9 August 2021

Office, factory and warehouse development – Dubai

Client: McCormick Middle East FZE Location: Jebel Ali Free Zone, Dubai Project Value: AED 27 million Purpose: Project management services for new build facility Project Background McCormick is a spice blend production company with factories in the US, UK and Europe supplying food manufacturing companies worldwide. McCormick’s business in the Middle East was growing and they required a new office […]
9 August 2021

City Walk & Nikki Beach – Dubai

Client: Meraas Location: City Walk and Nikki Beach Project Value: Confidential Purpose: Escrow release reports Project Background Meraas is a holding company based in Dubai with portfolio and activity in real estate, tourism, hospitality, healthcare, technology, retail, F&B, leisure and entertainment. Meraas had recently developed high-quality properties in Dubai and required property observers to prepare Escrow Release Reports to allow […]
9 August 2021

Blvgari residences and Blvgari mansions – Dubai

Client: Meraas Location: Jumeirah, Dubai Project Value: Confidential Project Background Meraas is a holding company based in Dubai with portfolio and activity in real estate, tourism, hospitality, healthcare, technology, retail, F&B, leisure and entertainment. Meraas had recently developed high-quality properties in Dubai and required property observers to prepare Escrow Release Reports to allow funds to be released from escrow accounts. […]
9 August 2021

Nakheel – Dubai

The project involved undertaking reserve fund studies and condition assessments of the assets to the following Nakheel developments; Shoreline; Golden Mile; Marina residences; Palm View Apartments; Jumeirah Heights; Masaken Al Furjan; Discovery Garden’; Badrah and International City.
9 August 2021

Al Forsan Estate – Abu Dhabi

The project involved undertaking lifecycle cost reports and condition assessments of the assets to the Al Forsan estate in Abu Dhabi, including the staff accommodation, district cooling plant, mall, hotel and residential towers.
9 August 2021

5 Bedroom Villa – Al Maktoum City, Dubai

Client: Confidential Location: Al Maktoum City, Dubai Purpose: Snagging inspection report Prior to purchasing the property, the client instructed us to undertake a full snagging inspection of the recently constructed 5-bedroom villa. Carrying out the snagging inspection involved a full inspection of the property confirming any works which in our opinion do not meet an acceptable standard of workmanship or […]

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