Markus Giebel & Michael Schumacher

The Michael Schumacher World Champion Tower (MSWCT) launched at CityScape Abu Dhabi 2008

The Michael Schumacher World Champion Tower (MSWCT) will be located in a spectacular setting in the Central Business District of Reem Island, Abu Dhabi, capital of the United Arab Emirates. The wharf tower will emerge from the sea, integrated beautifully with the water on the seafront and comprise a luxury marina.
Developed by Marasi and PNYG, the Michael Schumacher tower will be an inspirational architectural landmark, epitomising the same fusion of high technology and human tenacity that powered Michael Schumacher to his sporting achievements.

Deyaar CEO Markus Giebel tells Damian Reilly about the company's survival plan

Deyaar CEO Markus Giebel tells Damian Reilly about the company's survival plan, which includes reducing the cost of properties already bought.

Markus Giebel's office is a wood panelled eyrie, high over central Dubai, complete with a powerful telescope positioned by the panoramic window. Perhaps in quiet moments he uses it to gaze out over the emirate, taking first hand readings of what is happening to the real estate sector. 

After all, he more than anyone needs to know what is going on. This year Deyaar, the company of which he is CEO, will deliver onto the market seven buildings, or 1200 units, or five percent of all units that will come on to the market in 2009, with 23 more to follow.