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Wed 26 Oct 2016 01:55 PM

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Emaar chief Alabbar to set up JV with Chinese contractor

Dubai developer says new joint venture company will be capable of building 30 storeys of a property in 30 days

Emaar chief Alabbar to set up JV with Chinese contractor
(Image: @DIPMF)

Emaar chairman Mohammed Alabbar has said he will launch a joint-venture with a Chinese contractor that can build 30 storeys of a building in 30 days.

Speaking at the Dubai International Project Management Forum, Alabbar said his company reports successful quarterly results because it relies on simplicity, easy processes, and affordability when it comes to building projects. He said he also looks to deliver projects quickly, and will use the latest innovations meet targets.

“Speed is something that I love and that's why I'm doing a joint-venture with this crazy Chinese guy that can put your building up 30 storeys in 30 days,” Alabbar told the conference, during a panel discussion on Future Cities. “I don't think there are many that can compete with him. These are people who think 'out there'.”

The discussion, which also included contributions from Mattar Al Tayer, director-general Dubai RTA, Bill McDermott, CEO of SAP, and Mark Langley, President and CEO of Project Management Institute, spoke about what's needed in transformation for cities of the future.

Alabbar said one of the things Emaar is considering is small kitchens in the company’s developments at Dubai Creek and Dubai Hills because of how the food delivery business is growing.

“You are dealing with so many elements that you need a very complex mind to deal with this and with the change that's taking place, it's really how to do it right and how people react to it.

Do we really know what will happen in 2017? I'm going to go to 2019 or 2020 because it's impossible [to know] with the change that taking place in everything you do,” said Alabbar.

“We're doing the all the design work now, and people are moving in in 2020. What will the world be [like] in 2020? Is our work relevant any more? We think that soon we'll be designing homes without kitchens because the delivery business of food is growing 10 percent a month. We need to make sure we can cope with this.”

With a surge in driverless cars expected in Dubai in the next decade, Alabbar also said Emaar is considering the future use of car park spaces.

“I'm rebuilding all my carpark structures. I haven't spoken to his excellency [Mattar Al Tayer] yet, but I'm changing my grid in construction, because when he changes his laws in seven years from today where there is less car park requirement per residential building, [or] per retail development because of driverless cars [in Dubai], I can convert that space to office space, or I can convert it to apartment space. “There is so much more. The only solution is that you really have to be plugged in, aware, learning all the time, coping with change, connecting with the end-users or partners that you have.”

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Sam 3 years ago

Please name one building in Dubai that has sufficient or any if at all parking space available for guests above the 1 per apartment limit?

Sami 3 years ago

I hope with this new JV will consider developing affordable homes for the expat middle class where there is a huge market for a 3 bedroom units for under a Million AED

mirza 3 years ago

Is it possible you wake up early morning and want to have a cup of coffee in a kitchen less home?

Fentoni 3 years ago

I agree, just because you can order unlimited choices of takeway food it remains one of life pleasures to buy fresh ingredients and prepare a healthy meal, brew a coffee or bake a cake in your own kitchen. Humans have not lost the love for the bicycle because cars and mass transit has improved.