Friday, 13 August 2010

Buckminster Fuller

Fuller_house
Buckminster Fuller's Dymaxion House

"Conceived in the late 1920's but not actually built until 1945, the Dymaxion House was Fuller's solution to the need for a mass-produced, affordable, easily transportable and environmentally efficient house. The word "Dymaxion" was coined by combining parts of three of Bucky's favorite words: DY (dynamic), MAX (maximum), and ION (tension). The house used tension suspension from a central column or mast, sold for the price of a Cadillac, and could be shipped worldwide in its own metal tube." Via Tessellar>Blog

105_7lg
Dymaxion Deployment Unit used as emergency accommodation for troops during World War II, 1940

Dymaxioncar

Dymaxion Car

Dymaxion
Dymaxion_patent

I want one of these. It's like a submarine and UFO together at last. And to park it outside a Dymaxion house?

http://dvice.com/archives/2008/11/13-examples-of.php


14 examples of cutting-edge lighting design

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From holes in rooftops to flickering torches to glowing light bulbs — the world of household lighting has come a long way. Nowadays artists and designers alike are stretching the boundaries of form and function when it comes to how we light our homes.

With winter around the corner and days getting darker earlier, here are 14 ways to keep your house lit with style. Click Continue to take a tour of designs that are practical, radical and completely bonkers — sometimes all at once.






1. X-Ray Light

Mind behind the design: Wonsuk Cho

Why it rocks: What do you get when you mix X-ray photography and light bulbs? Well, awesome imagery, but also a sweet lamp. The bulb inside will light up the X-rayed image, showing you the inside of incandescent and florescent bulbs. The only thing that would make it even cooler? If it was a commercial product we could buy.

Where you can see it: Wonsuk Cho's website.





2. Exploded Globe of Light

Mind behind the design: Dominic Harris

Why it rocks: Boom! This ball of light looks like it's mid-explosion, and it's interactive to boot. A kiosk nearby held a stack of colored punch cards that could be scanned, changing the hue of the globe. Dseigner Dominic Harris created it as an eye-catching art installation for the debut of Britain's Restaurant and Bar Awards.

Where you can see it: Hoxton Square, London





3. Hand-blown Light Bulbs

Mind behind the design: Dylan Kehde Roelofs

Why it rocks: Some people enjoy the venerable practice of glass blowing as a hobby, though sculptor Dylan Kehde Roelofs advances it to an art form. Both the glass and filament are shaped into graceful shapes, and the filaments can even be removed so burned out strands can be replaced, and the bulb resealed.

Where you can see it: http://www.incandescentsculpture.com/">Incandescent Sculpture





4. Light Sock

Minds behind the design: Diller Scofidio + Renfro

Why it rocks: You probably wouldn't toss socks and crystals together in the same thought, but here's the result. The "Light Sock" installation features meshed bags stuffed collectively with thousands of Swarovski crystals, with tiny lights buried inside the jumble. The end result is a bunch of humble chandeliers that are actually pretty expensive.

Where you can see it: Crystal Palace in Miami





5. Barry Table Lamp

Minds behind the design: Flux

Why it rocks: If lights could reproduce, would their eggs look like Barry? The Barry table lamp is a light so sweet plenty of folks thought it was just a concept. It was rumored to sell for $1,000 when it hit the streets, and its distinct look is just as alluring two years later.

Where you can see it: Flux (Time to brush up on your Swedish!)





6. Aer Lights

Mind behind the design: Aton Design

Why it rocks: Aer lights are a textural experiment. There's nothing special about the light source, but the interesting lamp casings will spread all kinds of patterns across your walls. The rippling, graceful arrangement are reminiscient of everything from natural shapes — such as water and leaves — to stained glass.

Where you can see it: Aton Design





7. Ociu (A Giant Ceiling Light)

Mind behind the design: Franco Zavarise

Why it rocks: You call that thing you got a lamp? No, this is a lamp. The Ociu (roughly meaning "eye" in Venetian) is an impressive 72 inches in diameter, 31 inches in height, and looks like it could easily crush someone. It's designed to use 150-200 Watt bulbs, depending on what kind you use.

Where you can see it: Franco Zavarise's website





8. Sit Lamp

Mind behind the design: Fiona Thomson

Why it rocks: Ah, there's nothing like replacing something's head with a light bulb. This time around it's a dog, and the frilly lamp head even looks like a bonnet. You won't be able to play fetch with your lamp, but you could still cuddle up while reading a book.

Where you can see it: Fiona Thomson's website





9. Tree-shaped Kanpazar Lights

Mind behind the design: Jon Santacoloma

Why it rocks: Trees junk up an area with leaves and attract bugs and other critters — so who needs them? Okay, we actually do like trees quite a bit around here, but these tree-shaped lights are pretty groovy, too. They can really jazz up the front walk, or add some class to a backyard hangout. (That is, if you have enough to buy a collection of them at $900 a pop.)

Where you can see it: Y-Lighting





10. Giant Control Lights

Minds behind the design: Madreinspain Daniela + J.C.

Why it rocks: You don't have to be a film buff to want a couple of these oversized, remote-control-style lights sitting around. Heck, it'd be even cooler if you could actually control your DVD player with them. Sadly, it looks as if these boxes aren't available for purchase just yet.

Where you can see it: www.madreinspain.com/





11. Lamp OOO

Minds behind the design: Sergio Mannino and Jan Habraken

Why it rocks: Lamp OOO reminds us a lot of another design, but with an odd twist — it's horribly wasteful. It's not ashamed of its three incandescent bulbs, or by the fact that it's way more than you need to simply read a book. What's the point? It's designers wanted people to think differently rather than just jump on the green bandwagon. That's not to say green is bad — your conclusions are your own.

Where you can see it: Jan Habraken's website





12. Stardust LED Furniture

Mind behind the design: Mario Bellini

Why it rocks: Stardust furniture has a subtle glow, and is pulled off really well. It's also lightweight thanks to the material it's made from and the internal LEDs, and you could probably pick up a piece with one hand. The furniture even floats. It's a set you can use indoors and out.

Where you can see it: Meritalia





13. Suspended Figure Gallery

Mind behind the design: Ayako Murata

Why it rocks: The Suspended Figure Gallery is composed of rows and rows of hanging lights, forming arches and suggesting arches supported by columbs. The dim quality of the lights gives the whole thing a vintage feel, which lends itself even more to the idea that these lights recall a form of antiquated architecture.

Where you can see it: The Diesel Denim Gallery in Aoyama, Tokyo





14. 10 Million Pixel Display

Mind behind the design: Niles Creative Group

Why it rocks: Ten. Million. Pixels. Informally called the Comcast Experience, the wall is preprogrammed to cycle through a variety of visual tricks, from morphing into natural vistas to simulating 3-D models dancing through the air.

Where you can see it: Comcast Center in Philadelphia

Monday, 17 May 2010

amazing blue

The Soothing Color
As the color of our sky and oceans in nature, blue is one of our most favorite colors. It causes the opposite reaction as red, being the essence peacefulness, tranquility, and calmness.
Blue is often associated with depth and stability. It can mean relaxation, sadness, peace, and solitude, and symbolizes trust, loyalty, wisdom, confidence, intelligence, faith, truth, and heaven.

Light blue is associated with health, healing, tranquility, understanding, and softness, while dark blue represents knowledge, power, integrity, and seriousness.

The color is considered beneficial to the mind and body — it slows human metabolism and produces a calming effect. In heraldry, blue is used to symbolize piety and sincerity.

Blue can also be cold and depressing, but studies have shown that people are more productive in blue rooms.

Using Blue
Blue is frequently used to promote products and services related to cleanliness and purity — cleaning liquids and water purification filters — air and sky for airlines, airports, and air conditioners, or water and sea such as bottled waters and ocean voyages.

As opposed to emotionally warm colors like red, orange, and yellow; blue is linked to consciousness and intellect. Use blue to suggest precision when promoting high-tech products.

Blue causes the body to produce calming chemicals, so it’s often used in bedrooms.

Dark blue is associated with depth, expertise, and stability, so it’s a preferred color for corporate America.

Colors that are traditionally considered masculine colors or that appeal most strongly to or are more closely associated with men can be good choices for marketing messages, Web sites, and interior designs targeting men.

Avoid using blue when promoting food and cooking, because it suppresses the appetite.

When used together with warm colors like yellow or red, blue can create high-impact, vibrant designs, such as a blue-yellow-red color scheme for a superhero.

Blue is commonly used on internet browsers to color a link that has not been clicked on, changing to yellow, orange, or purple when it has been.

Fashion consultants recommend wearing blue to job interviews because it symbolizes loyalty.

Weightlifters do their best in blue gyms, as studies have shown they’re are able to handle heavier weights in blue gyms.

Animals
When an animal’s coat is described as “blue,” it usually refers to a shade of grey that takes on a bluish tint, a diluted variant of a pure black coat. The description is used for a variety of animals, including dog coats, some rat coats, cat coats, some chicken breeds, and some horse coat colors.

Food researchers say that when humans searched for food, they learned to avoid toxic or spoiled objects, which were often blue, black, or purple.

Blue food is rare in nature, with the most notable being blueberries.

Differences Between the Sexes
Blue is a masculine color, traditionally used for boys. According to studies, blue is highly accepted among males. However, there are no hard-set rules about what colors are masculine, feminine or gender-neutral.

Blue is a favorite color for both men and women, but males have a much stronger preference for blue than women. It may be the calming effect that makes it a popular color for both sexes, or it could be the association of some shades of blue with authority figures, intelligence, and stability.

In a 1964 Color and Gender report, women favored blue-green — turquoise, a mix of the 2 cool colors of blue and green — more than men. This same study found that “76% of women preferred cool colors.”

Male top 3 favorite colors: Blue, Green, and Black (2 cool and one neutral color)
Female top 3 favorite colors: Blue, Green, and Purple (all cool colors)

Studies have found that that blue was favored overwhelmingly by men and women on the Web.

Color research done over the years indicates that the favorite colors of men and women do differ, some of which may be attributed to cultural use of color and conditioning.

Color research done over the years indicates that the favorite colors of men and women do differ, some of which may be attributed to cultural use of color and conditioning.

Since colors come in many tints and shades, one might love a rich, royal blue but strongly dislike a pale sky blue, so a preference for the color blue doesn’t mean that every shade of blue is universally appealing.

Feng Shui
In feng shui, we associate blue with the clear sky and healing, refreshing waters. Blue belongs to the feng shui Water element of North. A harmonious feng shui Water element will bring a refreshing energy of calm, ease, purity and freshness. Water is also the ancient symbol of abundance, hence a potent Feng Shui cure.

The color ranges from gentle aqua blue to the blue-green of the ocean, and the deep indigo blue of the crown chakra.

Gentle blue is a great feng shui choice for study, especially as a ceiling color. Several studies have shown that children performed better under blue colored ceilings than white.

Light blue is also the feng shui color of harmonious expansion and gentle growth, while darker blue evokes the feng shui energy of deep calm and serenity. Placing some deep blue elements into your bedroom is said to promote better sleep.

Deep blue should be used sparingly in the feng shui areas of South, Northwest and West areas of your space, and freely in the North, East (Health & Family) and Southeast (Wealth & Abundance).

Allegedly, one of the most calming feng shui color combinations is blue and white, as it brings the energy of unlimited sky and happiness.

Science
Psychics who claim to be able to observe the aura with their third eye report that someone with a blue aura is one who is oriented toward spirituality. People with blue auras are said to be interested in social service work and to be in occupations such as social worker, counselor, teacher, writer, and psychologist.


Planet Earth. Photo Woodley Wonderworks

In the metaphysics of the “New Age Prophetess,” Alice Bailey, in her system called the Seven Rays which classifies humans into 7 different metaphysical psychological types, the “first ray” of “will-power” is represented by the color blue. People who have this metaphysical psychological type are said to be “on the Blue Ray.”

Blue in Culture
In fashion, dark clothing for males such as dark blue business suits have become far more popular since about 1995, as opposed to the pastel colored business suits worn in the 1970’s by major leaders in institutions such as the US Congress.

Dark blue represents knowledge, power, integrity, and seriousness. In Western civilization, those in the upper classes in high places of political or economic power often wear dark blue suits.

In law enforcement, police normally wear dark blue, or sometimes medium blue uniforms.

In the bandana code of the gay leather subculture, wearing a medium blue bandana means the person is into the fetish of having sex with someone wearing a police uniform.

In the U.S. flag, white stands for purity and innocence. Red represents valor and hardiness, while blue signifies justice, perseverance, and vigilance. The stars represent the heavens and all the good that people strive for, while the stripes emulate the sun’s rays.

In Thailand, blue is associated with Friday on the Thai solar calendar. Anyone may wear blue on Fridays and anyone born on a Friday may adopt blue as their color.

Language of Blue
In the English language, blue implies speed in “a blue streak” and loyalty in being “true blue.” Actual automobile values are found in a “blue book,” and a blue ribbon represents the award of excellence.

Blue may refer to the feeling of sadness, as in “he was feeling blue.” This is because blue was related to rain, or storms, and in Greek mythology, the god Zeus would make rain when he was sad (crying), and a storm when he was angry.

The phrase “feeling blue” is also linked to a custom among many old deepwater sailing ships — if the ship lost the captain or any of the officers during its voyage, she would fly blue flags and have a blue band painted along her entire hull when returning to home port.

The modern English word blue comes from the Middle English, bleu or blwe, which came from an Old French word bleu of Germanic origin — Frankish or possibly Old High German blao, “shining.”

Friday, 7 May 2010

When I saw these pictures for the first time I’ve immediately thought at the amazing 3D chalk drawings done by Julian Beever ( see his works here ). What you can see in these pictures is a brilliant new take on house decoration, and I’m sure that that my readers would want to admire these pictures. This guy does an amazing job, but unfortunately the work of this one mystery man has been floating all around the internet for some time now, but does anyone know his name, or something about him. Finally I would like to ask you to post a comment if you know who is the author of these amazing 3 dimensional wall paintings, because he should be getting some commissions.
cool wall painting

2593355896 1b4bbc8ee8 Amazing New Take on House Decoration 3D Wall Paintings

2593355818 4e837382a3 Amazing New Take on House Decoration 3D Wall Paintings

2592517539 c225f9b94b Amazing New Take on House Decoration 3D Wall Paintings

2593355860 88bf2c2be3 Amazing New Take on House Decoration 3D Wall Paintings2593372776 91bea9e83c Amazing New Take on House Decoration 3D Wall Paintings

2592517743 1831a22fa2 Amazing New Take on House Decoration 3D Wall Paintings

2593355724 afd766d791 Amazing New Take on House Decoration 3D Wall Paintings

I assure you there is nothing new about this.
In fact this same style can be seen in ancient Roman wall paintings.
We call it the fourth style and it can be found in Pompeii in 69CE.

  1. It’s called trompe-l’oeil, and if by “new take” you mean dating back thousands of years, then yeah!

Tuesday, 4 May 2010

Tokyo unveil logo for 2016 Olympic bid


Tokyo has unveiled their logo for their 2016 Summer Olympic bid.

Picture of Tokyo 2016 Olympic logo
Tokyo 2016 Olympic bid logo (Image coutersy of Tokyo2016)

The Tokyo 2016 logo takes the form of a traditional Japanese knot known as ‘MUSUBI’. It integrates the five Olympic colours into a motif of colourful and decorative knotted strings which have long been utilised in Japan to signify blessings during times of celebration.

The logo was unveiled at Tokyo International Forum by the Governor of Tokyo, Shintaro Ishihara, who was joined by Tsunekazu Takeda, President of the Japanese Olympic Committee and Dr. Ichiro Kono, Chairman & CEO of the Tokyo 2016 Olympic Games Bid Committee and other bid officials in a ceremony for over 200 guests and media.

Currently there are 6 cities that have officially bid for the event… Tokyo (Japan), Chicago (USA), Dubai (UAE), Madrid (Spain), Prague (Czech Republic) and Rio de Janeiro (Brazil).

The host city will be announced at the 121st Session of the International Olympic Committee in Copenhagen (Denmark) on October 2, 2009.

portable hotel room

Portable Hotel Room

The world’s first mobile hotel room, though still in a test phase, is designed to be placed virtually anywhere. These portable rooms can be taken or delivered to remote or urban locations, from campgrounds and festivals to driveways and parking spaces. They contain virtually all of the standard amenities – from the basics, such as running water, to air conditioning and television, though, of course, no forseeable room service! The sustainability of these is, however, questionable. Are they the next wave of urban mobility or a sign of decadent times?

luxury hotels


APEIRO1111.jpg
There are many categories of hotels present in the world today. From the Business hotels to the Budget ones, each of them try to offer their clients something that will want them to come back again. Featured here are hotels that are being made with only one main base- their unique location and design. Some of them are just concepts but others are shaping out to become truly futuristic. Water and space are two elements that have taken the fancy of the developers, as you will notice, most of the hotels are either situated below the sea or above the earth!

8 The Apeiron island hotel
This seven star hotel is still in its conceptual stage. It is $500million project that is being designed by Sybarite. This island hotel will have a total floor area of 200,000m². With over 350 luxury apartment suites, the hotel will be accessible by water (yacht) and air (helicopter) only. ‘Apeiron’ hotel gets its name from Anaximander’s 6th century BC cosmological theory. He believed the beginning of time to be an endless, unlimited mass, subject to neither old age nor decay; perpetually yielding fresh materials from which everything we can perceive are derived. Private lagoon, beaches, restaurants, art gallery, retail shopping, cinemas, spas and conference facilities will be there for you to enjoy.

foldablepods11111.jpg
7 Foldable hotel pods
A foldable pod on stilts which can be set down in remote locations, now that’s a pleasant thought! The Foldable hotel pods will be self-sustainable, and you can even choose the images you want to be projected on the walls. And when you tire of that spot, just fold the pod and take it to the next hotspot! Designed by m3 Architects, London, the pods would cost between $72 to $104 million to build.

waterworld1111.jpg
6 Waterworld
Still in its conceptual stage, the Waterworld (not the Kevin Costner film), is designed byAtkin’s Architecture Group. It won the first prize award for an international design competition with this stunning entry. To be built at magnificent water filled quarry in Songjiang, China, the 400-bed resort hotel will feature underwater public areas and guest rooms, cafes, restaurants and sporting facilities. “Extreme sports center for activities such as rock climbing and bungee jumping, which will be cantilevered over the quarry and accessed by special lifts from the water” has been included in the design.

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5 The Hydropolis Undersea Resort
Proclaiming it to be a10-star underwater hotel, the Hydropolis Undersea Resort a $500-million project designed by Joachim Hauser, Crescent Hydropolis Resorts. Located in Dubai, this underwater hotel has been designed with this base that 60% of our surroundings is water. The 1.1-million-square-foot of area offers you a shopping mall, ballroom, island villas, restaurant, high-tech cinema, a missile-defense system for your security 60-feet underwater and 220 theme suites. The petal-like retracting roof is designed to organize open-sky events. Though the project has been delayed a bit, but if Murphy’s Law doesn’t create havoc here, then we can expect the hotel to open up very soon.

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4 The Lunatic Hotel
Don’t deam of stars, live on a satellite instead. The Lunatic Hotel is all set be built on…you guessed it; the Moon! Designers Hans-Jurgen Rombaut and Wimberly Allison Tong & Goo (WATG) have the Blueprints ready and hopefully the hotel will be ready by 2050. The ‘sensation engine’ as described by the designer Hans-Jurgen Rombaut of the Rotterdam Academy of Architecture in the Netherlands will allow guests to “indulge in low-gravity games with the help of two 160-meters high slanting towers.” The 50 cm hull made from Moon Rock layered with water will provide the antidote to the ruthless lunar environment, extreme temperatures, lethal cosmic rays and solar particles.

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3 Galactic Suite
The prototype of the Galactic Suite is ready but put on hold. The designer Xavier Claramunt of ADD+ARQUITECTURA has perceived the Galactic Suite as a 22-room hotel each measuring 7X4 meters. Devoid of straight lines or angles and huge windows, it features numerous capsules that act as bars, restaurants, reception, and more.

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2 Commercial Space Station Skywalker
Commercial Space Station Skywalker is an inflatable space hotel designed by BigelowAerospace, Las Vegas. To be located 515-kms above Earth, it promises to offer a truly cosmic experience. The estimated project cost is $500 million but to rent a night out at the hotel will set you back by $1 million. The initial phase, Genesis I was launched from Russia last year. Milking on Solar power, the basic design involves taking inflatable parts and fixing them together in space. Moon Cruises are some of the future amenities to be provided and certain sections of the CSS will provide docking space for rockets. The hull of each module is made of three protective layers with an outer 18-inch-thick shield made of alternating woven graphite composite and foam to protect against orbital debris. The human space complex will be accessible by 2015.

diamondring.jpg
1 The Diamond Ring Hotel
The Diamond Ring hotel is to be located in Abu Dhabi. Little is known about this conceptual project, but if the pictures are something to go by, then this hotel rocks!

Sunday, 2 May 2010

Boat Seat: Lying in a Sail Awning


Boat Seat: Lying in a Sail Awning
For those living near easily flooded areas we now have a boat couch that could prove to be a real lifesaver that can bring you to dry land. The cushion is even made of actual sail fabric that you could turn into an actual sail in case of emergencies. After you realized that you threw away your money! $16900.

tampon chandelier

Chandeliers are usually made of crystal and diamonds. This one’s made of tampons. At first glance, this dramatic chandelier created by Joana Vasconcelos looks ordinarily beautiful, but look closer, and you’ll be bloody surprised! The monster-sized chandelier is actually composed of hundreds of white O.B. tampons. Called “The Bride” this chandelier is right now in a gallery in Lisbon. It’s a 5-meter tall chandelier made from wire, cotton thread, and over 14,000 tampons. Right now, the tampon chandelier is only soaking up the gazes of art lovers, and will continue to do so until the Belem Cultural Center exhibition ends, on May 18, 2010.

tampons chandelier 031 Chandelier Made of 14,000 Tampons : Crazy or Not ?tampons chandelier 011 Chandelier Made of 14,000 Tampons : Crazy or Not ?tampons chandelier 3 Chandelier Made of 14,000 Tampons : Crazy or Not ?tampons chandelier 04 Chandelier Made of 14,000 Tampons : Crazy or Not ?



Read more: http://freshome.com/2010/03/18/chandelier-made-of-14000-tampons-crazy-or-not/#ixzz0mmqd1gY8

abu dhabi buoyant

Gurjit Singh

The guts of the UAE: developer Gurjit Singh on Abu Dhabi

17 April 2009

As Abu Dhabi prepares for next week’s Cityscape conference, top developer Gurjit Singh tells David Rogers why the emirate’s grand plans are still going swimmingly when so many in the world are dead in the water

As you drive the 100km or so south from Dubai to Abu Dhabi, you can tell you are nearing your destination by the increasing number of construction sites you pass.

The massive Yas Island development, for instance, where a Formula 1 Grand Prix will be held this November. Yas’ infrastructure is being built in a series of civil engineering projects, and the main road weaves through the bridges and overpasses built to accommodate it. Beyond that is a striking building that will eventually be the headquarters of Abu Dhabi developer Aldar, and beyond that is the giant Al Raha Beach development, which stretches away along the shoreline.

Whereas Dubai might have the glitz and, more recently, the despair, Abu Dhabi is the guts of the UAE. And where Dubai has precious little oil, Abu Dhabi has lots, and it is obviously still building. To find out what its plans are, and what work there will be for British firms, who better to talk to than Gurjit Singh, the chief development officer of Sorouh? This is the emirate’s second largest developer, with a 69.8bn dirham (£13bn) property portfolio on its books.

The interview takes place in the Beach Rotana hotel, a well-known meeting point in the so-called tourist club area of the city. He is a modest man who eschews the usual trappings of a developer. “I’m just an employee,” he says. But he is one who oversees the developer’s procurement, operations and finance. Sorouh’s workload includes The Gate, a 6bn (£1bn) dirham mixed-use scheme being built at Shams in Abu Dhabi, and the Al Gadheer development, a 15bn dirham (£2.7bn) township that will eventually house 20,000 people.

For Singh, a Malaysian of Sikh descent, Abu Dhabi is not facing the same problems as Dubai. “Dubai is in a slowdown, whereas Abu Dhabi is going through a consolidation,” he says. “A downturn sees a lot of job losses and not much job creation. The consolidation in Abu Dhabi is attributed to the same liquidity constraints but it is more steady here. What has happened has meant a lot of developers have to think about how they restructure their developments. The product has to be more end-user friendly.”

This last point is interesting in that in the scramble to pump out schemes, Singh says some developers sacrificed quality on the altar of speed. “Developers have to change their approach from a sale strategy to a construction-focused strategy. The discerning buyer is more focused on what they’re buying. Before there was a lot of onus on getting things sold; now it’s more about selling with a conscience.”

Singh thinks the credit crunch will provide more stability in the region. For one thing, future real estate buyers are just as likely to come from the Gulf states themselves as from Europe, Russia, India, Iran and Pakistan. “We won’t go back to the old ways,” he says. “In the future, there will be a lot more domestic buyers, a smaller catchment of people, but they will really be interested in buying properties to live in.”

Still, the downturn has forced Sorouh to revise how quickly it builds its projects. Developments will be implemented in phases and units put onto the market in more manageable numbers.

Singh thinks that the Gulf, in particular, does have a future. He says: “Because the property crash in Dubai has been so spectacular and so rapid, the economy there has probably over-corrected itself. But sentiment up there right now is on the floor.”

In Abu Dhabi, he says, things are not so negative. The emirate is marketing itself as an alternative to Dubai: where Dubai’s flashiness attracted 20-somethings looking for a good time, Abu Dhabi is targeting families. It’s hard to imagine last year’s big Dubai news story – the British couple allegedly caught having sex on a beach – happening in Abu Dhabi.

“We won’t go back to the old ways. In the future, there will be a lot more domestic buyers, who will really be interested in buying properties to live in”

“While Dubai has become a magnet, Abu Dhabi has become an escape route,” says Singh. “You can get back to nature here and you can get out of the city and into the emirate.” Singh says that elsewhere in the Gulf, transport links and utilities often seem to be set up after the towers are complete. In Abu Dhabi schemes to build roads, deep water ports and desalination plants are keeping things steady.

However, developers in Abu Dhabi know the market is tight and will take advantage of it by driving harder bargains with their builders. Singh says: “With the downturn, the availability of contractors has improved. We can get a better price.” New contracts, he says, will better reflect current market rates but although rival developers such as Aldar are demanding retrospective fee cuts, Sorouh will not renegotiate deals.

Contracts are based on the Fidic model and the firm tends to use local builders such as Arabtec, Orascon and Arabian Contracting, but it has not closed off avenues to UK firms. “We look for access to resources,” says Singh, “and contractors’ ability to deliver quickly on materials and machines is looked upon favourably.”

Consultants have a slightly different set of criteria to meet. “With consultants, it’s about the experience of individuals and the jobs they’ve done. We like them to have an appreciation of how to manage the throughput of an entire development from office space to malls and hotels.”

Assessment meetings are held with consultants every two weeks, topped up by workshops and brainstorming sessions. Most understand what Singh wants, but if they do not they can be “cured”. He says: “If there is any slack we have curing periods which usually last between 30 and 60 days.” He has not had cause to kick anyone off a project for under-performing, but smaller firms may be supplemented by a bigger one. “Everybody,” he says, “wants to get the job done properly.”

Indeed, the current climate has led to greater attention to detail. Singh says: “Those contractors and consultants that do this will find it stands them in good stead. When there was a lot of work on, the attention to detail hasn’t always been there.”

Sorouh has not worked much with UK firms but Singh, a Cambridge university graduate in land management, is interested in what they have to say. “We’ve tended to work with local firms but British companies are known for their quality.” While perhaps not pushing at an open door, the UK’s reputation for producing good engineers certainly helps.

But Singh is adamant that Abu Dhabi will not get carried away like Dubai. “That,” he says, “was a volcanic eruption of growth.” And volcanoes usually leave destruction in their wake.

sorouh First Quarter Results 2010

29 April, 2010

Sorouh Real Estate PJSC , the Abu Dhabi-based real estate developer (ADX: SOROUH), today announced its first quarter results for the period ended 31 March 2010.

Results highlights

Revenues for the first quarter 2010 were AED 430.7m (Q4 2009: AED 438.1m / Q1 2009: AED 335.6m). Net profit for the first quarter 2010 was AED 131.6m (Q4 2009 AED 28.1m / Q1 2009 AED 130.4m).

The first quarter profit derived mainly from the sale of one plot on Shams Abu Dhabi; recognition of income from 30 units at Golf Gardens; and lease income from Sorouh’s investment portfolio.

Earnings per share for the period were 5 fils per share (Q1 2009: 5 fils per share).

The Company maintains a strong balance sheet with net assets as at the end of the first quarter 2010 of AED 6.2bn (FY 2009: AED 6.1bn).

The Company has low gearing and maintains AED 2.0bn (FY 2009: AED 2.8bn) of cash on its balance sheet. Total bank borrowings are AED 134.9m, representing a debt-to-equity ratio of 2.2%. This excludes the outstanding amounts of the asset-backed Sukuk (issued in the third quarter of 2008), which is a non-recourse facility.

Operational highlights

All Sorouh’s Abu Dhabi developments remain on track with the focus being on maintaining delivery schedules:

  • Sorouh continues to grow its revenues from recurring income which currently derives from the fully leased developments of Sas al Nakhl, Khalidiya Village and Al Oyoun. The contribution of Sorouh’s investment portfolio to gross profit is expected to double in the short to medium term, as further rental income is derived from the retail podium on Shams Abu Dhabi, retained units in Sun and Sky Towers, Sorouh’s Tower at Danet Abu Dhabi, the Mall in Al Ain, and alrayyana.

  • Construction of alrayyana has started, with the development scheduled for completion in the third quarter of 2011. alrayyana, in the vicinity of Golf Gardens, will comprise 1,537 one, two and three bedroom apartments. Sorouh is already in discussions with large businesses interested in long-term corporate leases for quality staff accommodation.
  • Shams Abu Dhabi is making good progress:
  • The Sun and Sky Towers are nearing completion and handover is scheduled to start mid-2010. Infrastructure on the surrounding land has been completed. Over 70% of the retail podium is now pre-leased to a broad spectrum of quality retail brands.
  • During the quarter, Sorouh launched the Why Rent? promotion on the Sun Tower, targeting long-term Abu Dhabi residents, and offering them an unparalleled opportunity to own a luxury apartment in the Capital for the first time, from as little as AED 6,500 per month in mortgage payments. The sales offer, which has the best mortgage rate in the market of 4.99% for both new and existing owners, has been very well received with over 500 sales leads generated so far.
  • The Gate Towers - the four towers that form part of Shams Gate - are progressing on schedule. Towers 1, 2 and 3 have risen to levels 24, 19 and 15 respectively. The Arc is above ground and the basement is complete. The Gate Towers are due for completion in 2012.
  • Ten sub-developers have commenced construction on their plots on Shams Abu Dhabi. Sorouh continues to work closely with other sub-developers to help them with their developments.
  • alghadeer is progressing into the construction phase in line with its scheduled completion in 2012. In March, Sorouh awarded the main infrastructure contract to Nael & Bin Harmal Hydroexport Est, which has already commenced work on approximately 10km of roads and all associated utility networks, including power; water; wastewater; irrigation; surface water drainage; telecommunications; gas and street lighting.
  • Sorouh recently signed an agreement with the Abu Dhabi Urban Planning Council (UPC) to develop Watani, a significant master-planned community for Emirati families. Work on the project has already commenced: the project comprises 1,370 four and five bedroom villas; 40 mid-to-low-rise apartment buildings housing units of varying sizes; as well as various civic and social facilities and amenities. Watani, which is due for completion by the end of 2012, is part of Sorouh's commitment to Plan Abu Dhabi 2030 and its strategy to form partnerships with the Abu Dhabi Government to support the Emirate’s growth targets. The total project value is AED 5.4bn.

Abubaker Al Khouri, Managing Director, Sorouh, commented:

“We are pleased to report a new land sale on Shams Abu Dhabi. We expect significant revenues to come through as we recognise income from the handover of units in Sun, Sky and Tala Towers during this year.

“Our earnings profile will also benefit from the new Watani contract, which diversifies and stabilises our income stream. We are very honoured to be one of the Government’s trusted partners, chosen to build a significant amount of quality housing for UAE Nationals to meet the shortfall in supply over the coming years.

“In addition, we continue to improve the quality of our earnings through increased rental income, which will be further enhanced in the next two years.

“The economic fundamentals for Abu Dhabi remain extremely strong and Sorouh remains well-positioned to support the development of the Emirate and deliver long-term shareholder value.”