ABSTRACT
This chapter outlines the process of real estate development utilising the ‘pipeline’ model of the development process. It discusses roles and relationships in this process of producing new development with particular reference to design. The chapter discusses development and place quality. Places are also produced by governments, third-sector organisations and by communities and individuals, and various partnerships of all these stakeholders. Real estate development combines various inputs – land, labour, materials, finance (capital) and perhaps existing assets – in order to achieve an output or product. Developed on the site of a former military barracks by private developer Emaar Properties, the development followed a decision to diversify the city's economy away from oil. Successful real estate development typically requires the profitable disposal of the completed development, or its monetisation through renting or leasing out. Realising capital has come to be seen as more significant in capitalist accumulation strategies than production.
