How curated art can transform a luxury property into a high-yield investment sanctuary of appreciation AN ITP MEDIA GROUP PUBLICATION NOVEMBER 2024 • VOL. 1 • ISSUE 12 Art CWPME_Nov2024_00_Cover_13427755.indd 130/10/2024 16:54info@meinhardtgroup.com |www.meinhardtgroup.com follow us YYYEEARSS Untitled-11 128/10/2024 22:54EDITOR’S LETTER 3NOVEMBER 2024 On a recent visit to a luxury penthouse in Downtown Dubai, I found myself completely captivated – not by the panoramic views or the meticulous interior design, but by a striking contemporary sculpture that commanded attention in the entrance foyer. That moment made me realise: art isn’t just decoration; it’s becoming integral to the very defi nition of premium property. This realisation led us to this month’s cover story, where we dive deep into how art is revolutionising luxury real estate. Beyond aesthetics, we explore how carefully curated artworks are becoming powerful value drivers in high-end properties. It’s fascinating how a well-placed installation or a thoughtfully commissioned piece can transform a space from impressive to extraordinary, often signifi cantly impacting property valuations. The theme of transformation echoes throughout this issue. We bring you insights from Knight Frank’s ‘Destination Qatar’ report, revealing how this Gulf nation is reshaping its real estate landscape. Speaking of evolution, the luxury segment continues to captivate, and this month, we highlight The Lana Residences, where OMNIYAT and Dorchester Collection have created something truly exceptional. We also bring you exclusive interviews with industry leaders, including Brian Johnson, Chairman of Godwin Austen Johnson, Fahad Mohamed, CEO of i2d Interiors, and Farooq Syed, CEO of Springfi eld Properties. As we witness the region’s real estate sector evolve, it’s clear that success lies in the details. Therefore, our article on Dubai’s Real Estate Strategy 2033 not only highlights the emirate’s ambitious vision but also details the steps we are taking to achieve it. Here’s to another month of exploring the world of real estate, where art, architecture, and innovation converge to create spaces that don’t just house us, but inspire us. Yours truly, Shehzin Shaikh Editor CWPME_Nov2024_3_Editor Letter_13412546.indd 328/10/2024 22:11CONTENTS 4NOVEMBER 2024 PROPERTY PREMIERE Amaal, a real estate developer backed by Ayana Holding, has recently announced their debut project in the region, Amaal 8. SPOTLIGHT Brian Johnson, Chairman of Godwin Austen Johnson, off ers a glimpse into the creative mind behind one of the Middle East’s leading architectural fi rms. CO-BRANDED RESIDENCES Exploring the fusion between luxury real estate and renowned luxury brands. COVER STORY Art has the power to enhance or diminish the perceived value of a property depending on how it is curated within the home. DESIGN & ARCHITECTURE Peeking into the world of unique designs and innovative structures in the Middle East’s real estate scene. RESIDENTIAL REAL ESTATE Redefi ning the concept of modern living through smart home solutions, contemporary interiors, and elite amenities. 20 14 28 8 8 14 20 28 36 46 CWPME_Nov2024_4-5_Contents_13412547.indd 430/10/2024 16:495NOVEMBER 2024 46 36 62 80 68 PROPTECH PLATFORMS Navigating the forefront of advancements reshaping the property landscape, from smart homes to blockchain applications. 62 SUSTAINABLE SPACES Future proofi ng spaces with green innovations, eco-friendly designs, and zero waste practices. FINAL KEYS In his role as CEO of Craft Group, based in Riyadh, Orazio Moretti discusses the delicate equilibrium necessary for designing World Heritage Sites. 68 80 CWPME_Nov2024_4-5_Contents_13412547.indd 530/10/2024 16:506NOVEMBER 2024 PO Box 500024, Dubai, United Arab Emirates Tel +971 4 444 3000 Web: www.itp.com Offices in Abu Dhabi, Dubai, London, Mumbai, Riyadh & Geneva ITP MEDIA GROUP CEO Ali Akawi Managing Director Martin Chambers Head of Digital Media Thomas Shambler EDITORIAL Editor Shehzin Shaikh +971 4 444 3719; shehzin.shaikh@itp.com Digital Editor Julianne Tolentino +971 4 444 3855; julianne.tolentino@itp.com Commercial Editor Angitha Pradeep +971 4 444 3278; angitha.pradeep@itp.com Digital Reporter Mahnoor Bari +971 4 444 3238; mahnoor.bari@itp.com ART Art Director Amjad Ayche amjad.ayche@itp.com Art Editor Tofiq Memon tofiq.memon@itp.com ADVERTISING Group Commercial Director Anup Nagpurkar +971 4 444 3573; anup.nagpurkar@itp.com Commercial Director Moutaz Gadelhak +971 4 444 3177; moutaz.gadelhak@itp.com Commercial Manager Aanchal Sharma +971 4 444 3663; aanchal.sharma@itp.com PHOTOGRAPHY Senior Video Editor Liju Cheruvathur MARKETING Senior Events & Marketing Manager Eleanor Ashton email: eleanor.ashton@itp.com Associate Events & Marketing Manager Kate Galaktionova Events & Marketing Manager Dmitry Lazarenko Associate Events Manager Vrinali Nazareth Events Administrative Assistant Aronn Pureza Events Administrative Assistant Bobbie Rosario Events Sales Assistant Joyce Salonga email: events@itp.com PRODUCTION Production Manager Balasubramanian P DISTRIBUTION Circulation Executive Rajesh Pillai Distribution Coordinator Avinash Pereira ITP GROUP CEO Ali Akawi CFO Toby Jay Spencer-Davies Website www.property.constructionweekonline.com NOTICE: The publishers regret that they cannot accept liability for errors or omissions contained in this publication, however caused. 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CWPME_Nov2024_6_Flannel_13412548.indd 628/10/2024 22:12NAVIGATE THE LANDSCAPE OF BUILDING BRILLIANCE, WITH NO INTERRUPTIONS UH OH, THE REST IS ONLY FOR SUBSCRIBERS SCAN BELOW TO JOIN THE EXCLUSIVE COMMUNITYPROPERTY PREMIERE 8NOVEMBER 2024 Amaal, a real estate developer backed by Ayana Holding, has recently announced their debut project in the region, Amaal 8. This endeavour is led by Chairman Abdulla Lahej, former Group CEO of Emaar. Located amidst the bustling Meydan Horizon in Mohammed bin Rashid City, Amaal 8 is a 48-storey mixed-use residential building that seamlessly combines elegant architecture with environmental consciousness and exceptional convenience. Situated against the serene setting of the Ras Al Khor Wildlife Sanctuary, residents can relish a harmonious blend of city energy and tranquil nature. “This project refl ects our commitment to pioneering a new calibre of inclusive, community-focused living,” said Abdulla Lahej. “With Amaal 8, we are not just constructing a building; we are shaping the future of residential communities in Dubai.” The chairman underlined the project’s dedication to meeting the diverse lifestyle needs of modern urban residents while fostering a strong sense of connection within the community. “Amaal, which signifi es ‘aspiration’ in Arabic, represents our vision of creating vibrant communities that embody elegance, functionality, and sustainability. We are committed to pushing the boundaries of architectural innovation, ensuring that each project meets the highest standards of quality and caters to the modern homeowner’s evolving needs,” adds Lahej. Amaal 8 goes beyond being just a place to live; it aspires to be a comprehensive lifestyle hub. With retail promenades and entertainment venues, this project off ers accessible public spaces for residents. The development will consist of 512 carefully crafted residences, varying from one to four-bedroom apartments, along with exclusive Infi nity Collection residences on the top levels. All units will Images supplied by: Amaal GIVE WINGS TO YOUR DREAMS Amaal led by former Emaar CEO Abdulla Lahej, reimagines city living with a 48-storey mixed-use tower in Mohammed bin Rashid City CWPME_Nov2024_8-9_Property Premiere_13418843.indd 828/10/2024 22:19PROPERTY PREMIERE 9NOVEMBER 2024 boast premium fi nishes and well-designed layouts. Amaal 8’s design is centred around a dedication to sustainability by integrating eco-friendly technologies to minimise environmental impact and elevate comfort levels. The tower’s impressive exterior, defi ned by contemporary lines and expansive glass walls, off ers unparalleled views of the urban cityscape and the beautiful natural surroundings. As you step into Amaal 8, you are greeted by an impressive lobby standing at a height of six metres, exuding an air of elegance. The fi rst fl oor showcases a lively retail walkway, presenting a diverse selection of shops and outdoor dining choices, guaranteeing a blend of luxury and practicality at your fi ngertips. For those seeking relaxation and recreation, Amaal 8 off ers an array of amenities, including infi nity pools on the upper decks, state-of-the-art gyms, a spa, dedicated leisure zones, and an indoor cinema. Younger residents will fi nd ample opportunities for play with a dedicated kids’ pool and play areas, while fi tness enthusiasts can enjoy modern equipment and a yoga studio. The development also includes innovative entertainment features such as a padel court, golf simulation pavilion, mini golf course, and a racing simulation pavilion. Strategically located along Ras Al Khor Road, Amaal 8 provides residents with easy access to Dubai’s iconic landmarks, including the Dubai Design District and Downtown Dubai. Additionally, the expansive Meydan Horizon features four crystal lagoons, off ering pristine waters and beautifully landscaped promenades perfect for relaxation and leisure. Construction of Amaal 8 is already underway, with completion anticipated by Q4 2028. Left: Exterior of Amaal 8, a 48-storey mixed-use residential building Right: Skypool off ering a stunning panoramic vista of the city; A spacious and stylish living and dining room CWPME_Nov2024_8-9_Property Premiere_13418843.indd 928/10/2024 22:19Next >