Dubai PR Network, Online Press Release from Dubai and Middle East
Featured in Real Estate and Retail
Learn to create a home full of positive energies

Join Padmaja Yadav’s Free Vaastu, Feng Shui and Home Interior seminars at Indian Property Show 28th May, 2017; Dubai, UAE:  Learn home décor tips for increasing health, wealth and harmony by the leading Feng Shui and Vastu expert, Ms Padmaja Yadav. She will be conducting free seminars on home interior and Vastu during the upcoming Indian Property Show from June 8-10, at Hall 6, Dubai World Trade Centre. The interactive and engaging seminars will be held between 7-8 pm on Thursday, June 8 & Friday, June 9 and between 6-7 pm on Saturday, June 10. “Our home is our refuge that helps us in regenerating positive energy and by applying certain principles of home design aimed at increasing the flow of positive energy in a home; we can live in harmony with our surroundings. A home that is clean and organized instantly ......read more

Majid Al Futtaim Annual Ramadan Campaign Encourages People to Make a Difference During the ‘Year of Giving'

Dubai - UAE, 27 May, 2017: Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today launched its 11th annual ‘Make A Difference’ campaign, which encourages the act of giving during the holy month of Ramadan. Majid Al Futtaim’s Ramadan campaign promotes kindness within the community by allowing people to make a difference through the donation of everyday essentials to families in need. Donation items can include clothes, toys, books, food and electronics, which will help families across the region experience the spirit of the holy month. This year, the ‘Make A Difference’ campaign, has been developed in line with the ‘Year of Giving’ in the UAE, an initiative by UAE’s President His Highness Sheikh Khalifa ......read more

Mall of Qatar Awarded Prestigious International Award for its Outstanding Shopping Experience

Mall of Qatar was recognized as a world class shopping centre at the 2017 Retail & Leisure International Awards Dubai - UAE, May 25 2017: Qatar’s ultimate destination for shopping dining and family entertainment - Mall of Qatar was awarded International Retail & Leisure Destination by RLI (Retail & Leisure International), at this year’s 12th edition of the prestigious Global RLI Awards. The ceremony took place on May 10, at the Palazzo Versace Hotel in Dubai, and attracted many key global industry figures in retail and leisure, that celebrated Mall of Qatar’s spectacular offerings. Mall of Qatar was presented with the highly coveted and prestigious Global RLI award during the event for its outstanding new international retail and leisure experience. In the category of RLI International Retail & ......read more

Thomsun Play opens the region's first connected, live experience electronics store in Sharjah

The Group’s largest electronics outlet features a VR zone with live recording studio and free WiFi to sing and go live on social media for customers, in addition to a live cooking demo station.  SHARJAH – May 25, 2017:  Thomsun Group, a leading business conglomerate with operations in the Gulf and Indian subcontinent, has launched the region’s first connected and live experience electronics store in Sharjah. Mr. Juma Alleem, Director of National Media Council offices in Dubai and Sharjah, inaugurated the outlet in the presence of Thomsun Group Managing Directors Mr. KV Thomas and Mr. VT John.  The Group’s largest electronics store spans over 30,000 sq.ft. across three levels featuring a Virtual Realty Zone with free WiFi and a live recording studio where the customers can sing and go live on ......read more

Al Thuriah completes handover of Sahara Tower 4 to owners

Landmark 33-storey tower with 300 apartments developed at the cost of AED 295 million, completed ahead of schedule One, two, three and four bedroom apartments at strategic location offer world-class amenities at affordable prices Dubai, 24 May 2017:  Al Thuriah Properties, the UAE’s premier property developer that specializes in high-rise residential towers and communities, today announced it had completed handover of its 33-storey Sahara 4 Tower in Al Nahda. Freehold owners have begun to occupy the 300 apartments at the tastefully designed and strategically located tower. Developed at the cost of AED 295 million, Sahara Tower 4 consists of spacious and elegantly designed one, two, three and four bedroom units built with top-of-the-range specifications and fittings. Development of the project began in April 2014 ......read more

Majid Al Futtaim Celebrates Big Wins at the MENA Green Building Awards 2017

  Developer of the Year: Majid Al Futtaim Green Hotel of the Year: Hilton Garden Inn Dubai, Mall of the Emirates Al Zahia (Phase Two), My City Centre Al Barsha, and City Centre Mirdif were among shortlisted projects United Arab Emirates, 23 May 2017:  Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, celebrated big wins at the fifth annual 2017 MENA Green Building Awards. Supported by the WorldGBC, and organised in partnership with the JordanGBC and LebanonGBC; the MENA Green Building Awards 2017 saw two accolades awarded to Majid Al Futtaim.  Majid Al Futtaim was recognized as ‘Developer of the Year’, underpinning the company’s achievements and ongoing commitment to sustainable development and green building ......read more

Embrace the value of giving this Ramadan at BurJuman

This Ramadan shoppers can help those in need by donating clothes to Red Crescent as part of BurJuman Share and Care Campaign Celebrate the Holy Month with activities including Henna painting, calligraphy, lantern and pottery painting Dubai, United Arab Emirates, 23 May 2017:  This Ramadan, BurJuman is partnering with Red Crescent to encourage shoppers to help those in need through the BurJuman Share and Care Campaign.  Starting the first day of Ramadan and running into Eid, shoppers can help by donating clothing via easily accessible donation points.  All collected items will be given to Red Crescent UAE to be distributed to families in need.  “The Holy Month of Ramadan is about embracing the power of giving. The smallest donation can mean the world to someone in need. At BurJuman we believe in the ......read more

Ericsson and Landmark to Build Intelligent IoT Microgrid

  Ericsson has been selected by Landmark to build communications infrastructure for its intelligent microgrid ecosystem across North America The program includes Ericsson’s Zero Site communications platform, cloud, core and IoT software solutions Ericsson will provide microgrid management, integrating communications for the industrial IoT with battery storage applications and grid-control software Ericsson (NASDAQ: ERIC) has been chosen by leading real estate and infrastructure firm Landmark Dividend LLC, the sponsor of Landmark Infrastructure Partners LP (NASDAQ: LMRK), to provide its Zero Site communications platform and communications infrastructure at sites across North America. Ericsson will deploy its Zero Site solution, cloud, core, backhaul and Internet of Things (IoT) software solutions, bringing ......read more

MBRSC's Sustainable Autonomous House Wins the 2017 MENA Green Building Award

The House has been awarded under the category Green Residential Building as it’s the first of its kind Passive House for a hot and humid climate May 23, 2017 Dubai United Arab Emirates  The Mohammed bin Rashid Space Centre (MBRSC) Sustainable Autonomous House, the first of its kind Passive House for a hot and humid climate, won the 2017 MENA Green Building Award under the category Green Residential Building.  The 2017 MENA Green Building Awards attracted a large number of submissions from many institutions, companies, research centres and students from six countries from the Middle East and North Africa (MENA) region for different categories focusing on sustainability practices. The event was organized by the Emirates Green Building Council (EmiratesGBC), in partnership with the JordanGBC and LebanonGBC, ......read more

Schon – Al Hamad Group of Companies Commence Construction on iSuites

Ground-breaking marks the beginning of a journey to deliver 2,550 hotel apartment keys, to be managed by international hotel operators With a development value exceeding Dh3.2 billion, this is the largest single-site hotel apartment project in the Middle East and North Africa The joint venture to fast-track the development of the massive project by October 2020 – before the start of the World Expo 2020   Al Hamad Group of Companies and Schon Properties to acquire substantial stake in the new property with equity investment to fast-track the development    Dubai, UAE, May 23, 2017:  Schön Properties, one of Dubai’s top private developers, and Dubai Civil Engineering – part of Al Hamad Group of Companies – a leading mega projects construction company in the GCC, held a ......read more

Dubai's hardware and tools trade valued at AED5.07 billion in 2016 – Dubai Customs

USA, Germany, among Emirate’s top five trading partner countries as Hardware + Tools Middle East 2017 gets underway Three-day event opened by His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors, RTA   Dubai, UAE, May 22, 2017:  Dubai’s hardware and tools trade was valued at AED5.07 billion in 2016, with the USA, China, Italy, Germany, and India, the Emirate’s top five trading partner countries of construction-related equipment and machinery for the year.  According to figures released by the Dubai Customs today (22 May), Dubai imported AED3.6 billion worth of hardware and tools last year, while exports and re-exports into neighbouring countries were valued at AED1.467 billion.   The USA maintains its position as Dubai’s number one ......read more

The Mall, Jumeirah's Latest Retail Destination Officially Inaugurated

The new art deco-styled Retail and Leisure complex on Jumeirah Beach Road was inaugurated by The Mall Owner Mr. Meadhad Rashed Meadhad Almheiri Dubai, UAE, May 21 2017:   Jumeirah’s largest community shopping centre, The Mall, was officially inaugurated on Monday evening, May 15th. The prestigious retail and leisure destination located on Jumeirah Beach Road, opposite The Jumeirah Beach Hotel, was inaugurated by accompanied by Mr. Meadhad Rashed Meadhad Almheiri – Owner of The Mall, accompanied by Mr. Rashid Meadhad Rashid Meadhad Almheiri - Chairman, and Ms. Nancy Nese Ozbek, General Manager, at a grand opening. The evening event, which was attended by a wealth of VIP guests, included a rousing orchestra performance presented by students from The Music Chamber, one of The Mall’s tenants.   The 80,756 ......read more

Conares CEO receives DP World chairman

DUBAI – May 16, 2017:  His Excellency Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, visited Conares headquarters and its steel production facilities in Jebel Ali Free Zone (Jafza). Mr. Bharat Bhatia, CEO of Conares received His Excellency and briefed him about the development on its expansion projects and the steel industry outlook in the UAE. “The leadership of this country has given us the opportunity to set up our steel manufacturing facilities that bring out ‘Made in UAE’ steel products. We are also happy in the support provided by JAFZA and DP World. With massive projects like Dubai Expo 2020, Marsa Al Arab and many others, the demand for steel in the UAE is growing. The UAE is self-sufficient to cater to the annual demand of steel in the UAE, where the local mills are optimistic to deliver ......read more

Global Mega Trends Impacting the Region's Hospitality Sector will be a Focal Point at the Hotelier Summit Middle East

The two day summit will provide unrivalled practical knowledge, designed to add real value to hospitality professionals Dubai - UAE, 16 May 2017: ‘Global Megatrends and their Effect on Middle East Hospitality’ and ‘Affordable Luxury’ will be the key topics of discussion at the Hotelier Summit Middle East on May 17th and 18th in Doha, Qatar. The two-day summit will provide unrivalled practical knowledge designed to add real value to hotel’s business operations.  The summit is organised by IDE Consulting Services, a global real estate solutions provider. IDE has gone to great lengths to make the summit not only a spectacular show, but also provide real value and insights to the top delegates attending the initiative. PwC Middle East is, alongside IDE, is the ‘Official Knowledge ......read more

Green Bridge Wins MEED Quality Award Of The Year

Most Coveted Award For The Best Hotel Project In The UAE  Dubai, UAE, May 16, 2017:  MEED Quality Awards are the hallmark of quality and achievement of GCC construction projects. The best ‘Hotel Project of the Year 2017’ has been awarded to Al Jihan Gulf Horizon General Contracting LLC, one of the Green Bridge companies, for the Nurai Island Resort in Abu Dhabi.    Now in the sixth year, the MEED Quality Awards for Projects recognize both the construction element of projects delivery and value and quality of a project throughout its entire life cycle. Green Bridge was given the award for the engineering elements, construction and contribution to the environment, successful execution and completion of project. Green Bridge competed fiercely with companies of national and international stature and ......read more

Let All Eyes Be on You With Centrepoint's Festive Ramadan Collection

Bring in the holy month with Centrepoint’s range of stylish home and fashion favourites specially designed for Ramadan nights and Eid festivities. Dubai, 16th May, 2017:  Centrepoint, the region’s largest fashion retailer, is one of the few brands to create a special Ramadan collection keeping in mind the needs of the regional customer. This year, the brand has put together a selection of fashion, kidswear, footwear, accessories, cosmetics and home décor, that will have all eyes on you. Be the Perfect Host at your Home this Ramadan The season of Ramadan brings with a time for loved ones to come together as families and friends gather for Iftar and Suhoor. Make your home a setting of style and elegance, with Lifestyle’s collection of Ramadan inspired décor, furnishing and home fragrances. Customized Arabic ......read more

Dubai Land Department Hosts Forum on Second Anniversary of the United Nations Global Compact Network UAE

  - Sultan Butti bin Mejren: “The success of the UAE network supports the progress of our pioneering efforts in sustainability.” - Three sessions addressed the most important aspects of sustainability with the participation of international experts and 300 attendees.  - The event witnessed the announcement of a range of pioneering initiatives including the ‘UAE Sustainability Pioneer Award’. Dubai, United Arab Emirates, 15 May 2017: Dubai Land Department (DLD) has hosted a discussion forum on the second anniversary of the United Nations Global Compact Network UAE. The forum took place in the Emirates Towers Hotel, Dubai, and was organised by Dubai Real Estate Institute – the  educational arm of DLD – in collaboration with the UN Global Compact and the local UN Global Compact ......read more

Danube Properties Redefines Affordable Housing with ‘Bayz'

Dubai, 14 May, 2017:  Danube Properties, Dubai’s pioneers in affordable housing, has launched a new project called Bayz in Dubai’s upcoming Business Bay neighborhood. The announcement of the AED 450 million project was made at a press conference, which was addressed by Rizwan Sajan, Chairman and Founder of Danube Group in the presence of senior management as well as the media. The 29-storey Bayz tower comprises of 456 apartment units with magnificent views of the iconic Burj Khalifa and other structures such as the Marriott Marquee, the Dubai Canal, among others. Moreover, the property boasts state-of-the-art amenities including swimming pool, a fully-equipped health club and a kid’s play area cum party hall. Commenting on the event, Rizwan Sajan, said, “We are pleased to announce the launch of our ......read more

Amlak Releases First Quarter 2017 Results

 Amlak Q1 2017 net profit stands at AED 7.5 million Revenue from financing business activities stands at AED 47 million Drop in Operating and Financing Costs by 3% compared to Q1 2016 Total assets stand at AED 6.5 billion Dubai, UAE 14 May 2017 – Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, today announced its financial results for the first quarter ending 31 March 2017. Amlak reported net profits of AED 7.5 million for the quarter ended March 31 2017. This was the result of decline in intermittent nature of revenue from sale of real estate. Revenue from financing business activities decreased by 20% to AED 47 million in Q1 2017, compared to AED 59 million for the same period last year. This was due to a decrease in the financing portfolio. The drop in revenue ......read more

QCC Releases Updated Infrastructure Standards Guidelines

  Abu Dhabi-UAE: 13 May, 2017 – Abu Dhabi Quality and Conformity Council (QCC) has released an updated edition of the Infrastructure Standards Guidelines (ISGL) for the emirate of Abu Dhabi, following its approval by the Infrastructure and Environment Committee of Abu Dhabi Executive Council.  The updated ISGL will serve as a comprehensive guide to all entities concerned with infrastructure development in the emirate. The manual contains simplified and streamlined procedures which are designed to optimise the speed and ease for entities as they access information relevant to the implementation of infrastructure projects. The update drew on the engagement of more than 10 working committees comprising 125 government and private sector entities in Abu Dhabi that represented all infrastructural sectors. Over the past ......read more

Commenting on the March 2017 MENA Hotel Benchmark Survey Report, Yousef Wahbah, MENA Head of Transaction Real Estate at EY said:

  “Hotel performance in March dipped in the majority of MENA hospitality markets compared to March 2016. Across the GCC, most cities witnessed a decline in revenue per average room (RevPAR) in March 2017, compared to the previous year, with the exception of Kuwait City, which had an increase in both occupancy and RevPAR, Ras Al Khaimah (RAK) witnessed a modest increase in RevPAR.  Dubai city hotels continue to lead in terms of the highest occupancy in the region, recording 88.6% occupancy in March 2017. However, average daily rates (ADR) in Dubai dropped by 8.4% from US$309 in March 2016 to US$283 in March, coupled by a slight decline in occupancy by 1.5% when compared to the same time last year, leading to a decline from US$272 in March 2016 to US$245 in March 2017.  Hospitality markets in Beirut and Cairo, ......read more

Abu Dhabi's Increase in Retail Space is a Good Tiding for Mall Operators

  Al Ain, UAE, 11 May 2017: According to Dubai Chamber, Dubai is estimated to have around 717,000 sq. meters of new retail space by 2018, while Abu Dhabi is expected to see a supply of 467,000 sq. meters of new space over the same period. Industry insiders seem positive about the announcement. “Abu Dhabi is a magnificent location. Recent years have seen the emirate invest heavily in infrastructure and look for ways to diversify its economy. The government’s continuous efforts to boost varied forms of economy has seen the retail scene in the emirate develop, resulting in the growth of the sector,” said Bassam Saleh, Marketing Manager for Bawadi Mall. Bawadi Mall has massive retail space which comprise of dining, entertainment and shopping facilities. “The demand for our retail space just seems to keep ......read more

UAE's Steel Producers to Strengthen Their Market Position

Abu Dhabi – May 9, 2017: ‘Magnet’, a UAE-based platform to discuss and disseminate insights on the steel industry, convened in Abu Dhabi to further understand the current market demand and exchange views on ongoing infrastructure development projects in the UAE.  Key industry stakeholders including Emirates Steel Industries, Hamriyah Steel, Conares, Union Iron & Steel Company, Qatar Steel in Dubai and Jindal Shadeed Iron & Steel – participated in the ‘Magnet’ session held in the UAE capital. The participants cited very positive sentiments on the current steel market outlook for the rebar production.  Commenting on the meeting, HE Engineer Saeed Ghumran Al Remeithi, CEO of Emirates Steel Industry, a part of the UAE’s largest industrial conglomerate SENAAT in Abu Dhabi, said ......read more

Proposed Final Dividend of USD 0.04 Per Share

Represents an annualized dividend yield of 7.6% Dubai – 9 May 2017: Emirates REIT (CEIC) Limited (“Emirates REIT” or the “REIT”), the UAE’s first regulated Shari'a compliant Real Estate Investment Trust listed on Nasdaq Dubai, managed by Equitativa (Dubai) Limited (“Equitativa Dubai”), today announced its proposal to pay a final dividend in relation to the year ended 31st December 2016 of USD 11.98 million or USD 0.04 per ordinary share. To be entitled to receive the dividend, shareholders must be on the register as at market close on 8 June 2017. The proposed final dividend will be subject to shareholder approval at the REIT’s Annual General Meeting on 14 June 2017. Based on the REIT’s closing share price of USD 1.055 on Monday, 8 May 2017, this represents an ......read more

RAK Properties Reports Stellar First Quarter Profits

May 08, 2017 Leading property developer posts 61 per cent increase in profits compared to last year’s first three months Ras Al Khaimah, UAE: RAK Properties PJSC, Ras Al Khaimah's largest property developer listed on the Abu Dhabi Stock Exchange, has reported increased profits during the first three months of this year, with revenues in excess of AED115 million between the months of January to March 2017. The reported Q1 2017 results reveal a 61 per cent increase in revenues when compared to the same period in 2016 – up from AED71,581,000 in 2016 to AED115,538,000 this year. Similarly, profits over the corresponding three-month period increased to AED39,878,000 from AED18,537,000 in 2016. To date, RAK Properties’ total assets are valued at AED 5.06 billion as of March 31, 2017, an increase on the AED 4.99 ......read more

Other Top Stories from Real Estate and Retail
 
Thirteenth edition of International Property Show 2017 to feature ‘The Global Property Market'…

The Global Property Market is an initiative by Dubai Land Department (DLD) that presents a niche opportunity for strategic information and networking on investment and development Dubai, UAE, 13 March2017:  With the woes of the oil and commodities industry easing out and governments raising their spending on infrastructure,the property market for retail, residential, industrial, office ......read more

Majid Al Futtaim launches ‘Create Great Moments Together' campaign to encourage UAE residents to ...…

New corporate campaign shaped by Majid Al Futtaim commissioned research into happiness amongst UAE residents UAE research highlights:         Nearly all (93%) of people are happiest when spending quality time with loved ones  One third (30%) spend an average of just five hours or less a week doing so   Half (46%) feel they currently waste at ......read more

The renowned Le BHV Marais' first flagship store is set to open in Dubai…

12 March 2017, Dubai - UAE:  The internationally renowned Parisians’ favourite department store “Le BHV Marais” is set to open its first flagship store in the United Arab Emirates on the 13th of March 2017 in the buzzing City Walk, Dubai as part of its international expansion in franchising with MEDS.  An exclusive media visit to discover Le BHV Marais was hosted ......read more

Dubai WoodShow 2017 taps potential of building fully wooden houses in the UAE…

Dubai, UAE, 9 March 2017:  New ideas and innovations were presented during the second day (Wednesday, 8 March 2017) of the 12th edition of Dubai WoodShow (DWS 2017) and the 1st edition of Dubai International Furniture Accessories & Components & Semi-Finished Products Show (DIFAC 2017).  Many initiatives were also presented at the show, one of which targets building 100% ......read more

Doha Festival City Set to wow Visitors with Unique Sculpture Installations…

Seven bespoke designs by sculptor David Harber to be installed at Doha Festival City Doha, 9 March 2017:  Doha Festival City, Qatar’s largest entertainment, retail and dining destination continues to deliver on the commitment to bring visitors a world class shopping experience, and surprise and delight customers with the installation it’s first art piece. Created by ......read more

Dalma Mall's Guinness World Records Official Attempt…

For The Longest Greeting Card Made In History  Celebrate Mother’s Day BIG with Dalma Mall Abu Dhabi, United Arab Emirates, 7 March 2017: Change the face of history and help bring a new majestic Guinness World Records to the capital of the United Arab Emirates with Dalma Mall. On Mother’s Day, and from March 7 to 21, Dalma Mall will prove once again that nothing is ......read more

Hyperloop One Reveals First Images of Nevada Desert Development Site (‘DevLoop') at Middle East Rail…

500-meter full scale Hyperloop test structure weighs over one million kilograms Hyperloop One tube measures 3.3 meters in diameter Hyperloop One is the only company building a functional Hyperloop system Shares vision for connecting Gulf Cooperation Council  Travel between major cities in the Gulf region could be less than one hour Dubai, UAE, March 7, 2017:  Hyperloop ......read more

Saudi's AFIFI Industrial Group to extend its participation at Dubai WoodShow 2017…

The company will unveil its specialized facility that produces various interior decoration materials for the furniture applications  Dubai, UAE, 6 March 2017:  According to a new market report published by Credence Research Furniture Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023, the furniture market has been estimated to be valued at ......read more

Al-Futtaim Launches Second Mixed Use Development in the UAE…

New lifestyle focused mall for southern Dubai to be anchored by IKEA and ACE.  Dubai, UAE, 06 March 2017:  Al-Futtaim, one of the most progressive business houses in the Gulf region, has broken ground on the development of a 78,500 sq. metre site, which forms part of the Jebel Ali Development (JAD) mixed use master planned community.   Al-Futtaim plans to expand its retail ......read more

Bollywood actress BipashaBasu inaugurates the new Al Adil Meena Bazaar outlet…

Dubai, UAE, March 4, 2017:  Leading Bollywood actress BipashaBasu inaugurated the 35th outlet of UAE’s leading name for high quality Indian food stuff. Al Adil Group, which is celebrating 33 years of success in this market has created another milestone. The group has set by opening its 35th outlet at Dubai’s most sought after business destination Meena Bazaar, Bur Dubai. The ......read more

Abu Dhabi Fund for Development Delegation Visits Wahat Al Karama…

Abu Dhabi-UAE: 2 March, 2017:  His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD) yesterday led a delegation of ADFD employees and toured the memorial site, Wahat Al Karama. The delegation explored the premises and visited the cultural landmark; the 31 aluminium-panel, each leaning on the other, exemplifying the unity, solidarity and mutual ......read more

At a Critical Crossroad: What the Region's Retail Leaders Have To Say About the Industry in 2017…

Dubai, UAE, March 2, 2017:  The retail industry in the Middle East is at a critical crossroad that threatens the old order and demands a new approach to every touchpoint in the retail ecosystem. From the harnessing of technology across the supply chain, to reinventing brands, adopting new business models and broadening channels, companies in the retail space are having to take new approaches ......read more

Those investing in UK property could be hit by new legislation…

Middle East investors in the UK property market may be hit by a change in legislation.  The change, which comes into effect on 6 April this year, could see investors’ families/beneficiaries lose out on 40% of their property value.  Dubai, UAE, March 2, 2017:  New UK legislation coming into effect from 6 April 2017 could impact thousands of people living in the ......read more

Italian companies to showcase their expertise at Dubai WoodShow 2017…

A report by Allied Market Research (AMR) projects that the global engineered wood market is estimated to reach $41.273 billion by 2022 Dubai, UAE, 1 March 2017:  Organisers of Dubai WoodShow 2017 said that wood industry continues to have strong and consistent demand for all grades of logs. A new report by Allied Market Research (AMR) projects that the global engineered wood market is ......read more

Dubai Real Estate Institute Advances the Region's Real Estate Markets…

DREI supports the real estate market by providing training and qualifications for professionals  50  thousand real estate students have graduated from DREI since 2009 Dubai, UAE, February 28, 2017:  Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), has made essential contributions towards spreading knowledge and culture all across the ......read more

German wood businesses head to Dubai WoodShow…

More than 30 German companies are participating at Dubai WoodShow to be held in Dubai from March 7 to 9  Dubai, UAE, 27 February 2017:  A report by The Federation of the German timber industry (HDH) stated that the German wood industry witnessed an increase in sales in 2016 by 2.4%, up to EUR 35 billion. Currently, 939 companies operate in the German wood industry and the employment ......read more

Emirates REIT sees strong rental growth in FY 2016…

Dubai - 27 February 2017:  Emirates REIT (CEIC) Limited (“Emirates REIT” or the “REIT”), the UAE’s first regulated Shari'a compliant Real Estate Investment Trust listed on Nasdaq Dubai, managed by Equitativa (Dubai) Limited (“Equitativa Dubai”), today reported its audited financial results for the year ending 31 December ......read more

Arthur & Hardman unveils Milano by Giovanni Boutique Suites in Jumeirah Village Circle…

Mr. Samir Salya, Chairman of Reign Holdings, says the project consists of 124 fully furnished hotel apartments. DUBAI- February 26, 2017:  Arthur & Hardman, the development arm of global business conglomerate Reign Holdings, has launched Milano by Giovanni Boutique Suites, a premium Italian style luxury property in Dubai’s Jumeirah Village Circle at an estimated investment of ......read more

SIMCO reports dramatic increase in stock, indicating market growth of 60-90% in 2017…

Woodworking machinery market set to grow at 20-30% in 2017 Company to participate in Dubai WoodShow with the stand of 400 sqm to showcase its most innovative machineries Dubai, UAE, 25 February 2017:  SIMCO, a leading industrial manufacturing company, has projected that the wood working machinery market will grow by 20% to 30% in 2017. Compared to 2016, the start of 2017 has seen a ......read more

Dubai Industrial Park Launches New Light Industrial Units, Refrigerated Warehouses at Gulfood 2017…

1.5 million sq ft area caters to demands of halal sector Complex comprises light industrial units and refrigerated warehouses to meet SME needs  Industrial Park’s Stand CC7-10 displays cross-section model of light industrial units and new warehouses  Dubai-UAE: 25 February, 2017:  Dubai Wholesale City, a global integrated wholesale trading hub and member of TECOM ......read more

Al Wahda Mall first mall in Abu Dhabi to introduce ‘Pink Parking' for women…

Al Wahda Mall introduces hassle free parking for its women shoppers by dedicating more than 80 pink parking bays in the mall parking arena, making it the first mall in Abu Dhabi to lead the way with and promote the Abu Dhabi government’s initiative Al Wahda Mall is known for introducing novel initiatives and programs that are in the best interests of the mall visitors Focusing on the ......read more

Emke Group/Lulu Group International, Majid Al Futtaim Holding LLC and Savola Group appear on ...…

Deloitte Global report finds retailers achieve steady growth despite challenging global economy  US$4.3 trillion in revenues generated by top 250 global retailers We are now living in the customer-driven economy Dubai, UAE, February 23, 2017:  The top 250 global retailers generated aggregated revenues of US$4.31 trillion in fiscal year 2015, representing composite growth of ......read more

GCC countries urged to review duty on imported steel, says industry expert…

HE Abdallah Al Shamsi, Assistant Undersecretary for Industrial Affairs at the UAE Ministry of Economy, for UAE visited Conares’ steel manufacturing plants in Jebel Ali Free Zone (JAFZA), Dubai on Wednesday. DUBAI – February 23, 2017:  The steel manufacturing sector in UAE is seeking further support to prevent dumping of cheap steel imports in the country, says a leading steel ......read more

United World Infrastructure to Offer New Cities and Urban Centers to 15 Million People by 2030…

Dubai-based global firm eyes a share of the world’s urban future  Dubai, United Arab Emirates, February 21, 2017:  United World Infrastructure (UWI), the Dubai- and Washington, DC-based firm that funds, develops and manages next generation cities, has set out a plan to offer urban developments to 15 million people by 2030.  UWI expects to develop its urban portfolio by ......read more

Dubai Properties (DP) survey reveals 84% of Dubai residents want to be more involved in their local ...…

Residents increasingly prefer to stay closer to home for family related activities such as community events, dining out and shopping  Dubai, UAE - February 18, 2017:  A recent survey  by leading Dubai-based real estate master developer and asset manager Dubai Properties (DP) has revealed that 84% of UAE consumer’s surveyed want to be more involved in their local community ......read more

Landmark Group Associates with WGS 2017 as Exclusive Retail Partner…

Dubai-UAE: February 18, 2017 – Landmark Group, the region’s leading retail and hospitality conglomerate, collaborated with the fifth edition of the World Government Summit (WGS 2017) as the exclusive happiness partner at the Global Dialogue for Happiness, on 11 February 2017. Renuka Jagtiani, Vice Chairperson, Landmark Group addressed the audience, and said: “We would like to ......read more

Dubai Land Department: In first 45 days of 2017, value of real estate transactions reached AED 42 ...…

13th edition of International Property Show attracts 100 exhibitors from 40 countries International Property Show focuses on innovation and creativity in real estate marketing In collaboration with Dubai Land Department, show to host debut ‘Real Estate Brokers Village’ 16,000 visitors expected in 3 days Dubai, UAE, 16 February 2017:  Representatives from Dubai ......read more

Dubai tenants have the advantage in 2017, says Asteco…

Asteco’s Q4 2016 report highlights expected downward pressure on rents caused by increased supply Average apartment and villa rents down by 6% and 5% through 2016 Residential sale prices bottoming out Dubai, UAE, February 13, 2017:  Tenants in Dubai could have the upper hand when negotiating rental rates thanks to a significant amount of stock coming to the market in 2017, ......read more

“Retail Leaders Circle MENA: Key Industry Summit brings Region's Retail Leaders Together to Unlock ...…

Dubai, UAE, February 12, 2017:  As the retail industry in the MENA region undergoes seismic shifts driven by a post-oil economy, changing consumer behaviour and the digital realm becoming the new norm, this year’s Retail Leaders Circle MENA  takes on critical significance for all sectors of the industry. The exclusive annual summit, taking place at The Address Dubai Mall Hotel ......read more

Let the Shopping Spree Begin with Hili Mall's Shop & Win Campaign!…

120 winners have opportunity to win prizes worth AED 240,000 From 10th February until 21st March 2017 Al Ain, UAE, 12 February 2017:  It’s back! Hili Mall will certainly be a consumer’s paradise once more as it is set to launch its second edition of Shop & Win. Absolutely a game changer, the campaign is scheduled to kick off on the 10th of February, 2017 and will ......read more

Al Ghurair Rayhaan and Al Ghurair Arjaan by Rotana Pre-valentines Event…

Dubai, February 9, 2017:  Al Ghurair Rayhaan and Al Ghurair Arjaan by Rotana, the 5 star hotel and deluxe hotel apartments, hosted a Pre-Valentines event to showcase the true essence of the Month of Love. The two stunning Rotana properties in Deira invited valued media partners, bloggers and instagrammers in the hotel. During the event, an overview of its enticing offers was ......read more

Danube Properties announces 95 percent of ‘Miraclz' project sold…

Dubai, 8th February, 2017:  Danube Properties, the property arm of UAE-Based Danube Group, has announced that 95 percent of the recently launched Miraclz project has been sold, at a press conference held at the Grand Hyatt Hotel today. The event was held in the presence of Sushmita Sen, who is a renowned Indian actress and is the face of Danube Group, as well as the senior management of the ......read more

Marsh Middle East 2017 Infrastructure Risk Management Forum Yields Success…

Dubai, United Arab Emirates – 8 February 2017:  The Marsh 2017 Infrastructure Risk Management Forum saw this year’s theme ‘From Risk to Resilience in the Infrastructure Industry: Assessing the Challenges and Opportunities in Emerging Infrastructure Risks’ yield a positive response from delegates, at The Ritz-Carlton, DIFC, Dubai on Wednesday, 8th February. The ......read more

Bawabat al Sharq Mall's First Edition of "Bareezat Abu Dhabi" Successfully Concludes…

A premium Emirati Brand Exhibition encouraging local entrepreneurship was held under the patronage of H.E. Major General Ahmed Nasser Al Raisi, Inspector General of the Ministry of Interior and Chairman of Baniyas Sports & Cultural Club Abu Dhabi, February 8, 2017:  Bawabat al Sharq Mall, one of Abu Dhabi’s finest shopping and entertainment destinations, successfully concluded ......read more

Sandvik Wins Multi-Million Dollar Regional Contracts…

Sandvik Secures Strategic Projects in Egypt; Establishes Regional HQ in Dubai Dubai, United Arab Emirates – 8 February 2017:  Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium, and other high-performance materials, announced that, it has secured a number of strategic projects offshore Egypt to provide a comprehensive scope of Sandvik oil and ......read more

Inaugural Edition of ‘Future Cities Show' to kick off in Dubai World Trade Centre from 2 to 4 April ...…

Minister of Infrastructure Development: ‘Future Cities Show provides value addition to strategic planning of future cities by using renewable energy and adopting innovation, creativity and excellence’ Director General, Dubai Land Department:  ‘The show’s mission is to plan future cities based on sustainable development’ Dubai, United Arab Emirates, 7 ......read more

Majid Al Futtaim Joins World Retail Congress as Key Partner for Second Consecutive Year…

Dubai, UAE, February 7, 2017:  Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today announced it will be the key partner of the World Retail Congress for a second consecutive year. The 11th edition of the Congress, which is the world’s largest retail event, will be held in Dubai from 4 to 6 April 2017 under ......read more

Spoil your loved one this Valentine's Day with BurJuman…

Find the perfect gift to say ‘I love you’ to your special someone this Valentine’s Day at BurJuman Share your love with the world with BurJuman’s Valentine’s Day photo booth  Dubai, UAE, 6 February, 2017:  Love is in the air this Valentine’s Day at BurJuman. Whether you are searching for the perfect gift to say ‘I love you’ or ......read more

Al Shafar Steel Engineering to Double Facilities at Dubai Industrial Park…

AED175 million expansion to make ASSENT one of the largest steel companies in the region New expansion makes Shafar one of the largest steel companies in the region, spread over an area of 2.4 million square feet. Dubai-UAE: 6 February, 2017:  Al Shafar Steel Engineering LLC (ASSENT), a leading company in the field of structural steel design and manufacturing and a member of the ......read more

Rezidor signs two new Radisson Blu hotels in Dubai…

UAE, Dubai 6 February 2017:  The Rezidor Hotel Group, one of the fastest growing hotel companies in the world, is pleased to announce the signing of two new Radisson Blu hotels in International Media Production Zone (IMPZ) and Dubai Studio City, United Arab Emirates. The new signings made in partnership with renowned, Dubai-based, Bin Haider Group, follow Rezidor’s recent announcement ......read more

Retail Leaders Circle MENA: Key Industry Summit brings Region's Retail Leaders Together to Unlock ...…

Dubai, UAE, February 6, 2017:  As the retail industry in the MENA region undergoes seismic shifts driven by a post-oil economy, changing consumer behaviour and the digital realm becoming the new norm, this year’s Retail Leaders Circle MENA  takes on critical significance for all sectors of the industry. The exclusive annual summit, taking place at The Address Dubai Mall Hotel ......read more

Equitativa, Al Hamra and National Bonds launch the UAE's first Residential REIT…

REIT launches with AED 418m seed portfolio comprised of 483 villas and apartments in Dubai and Ras Al Khaimah Dubai – 5 February 2017: Equitativa (AD) Limited (“Equitativa”) today announces the launch of The Residential REIT (IC) Limited (“The Residential REIT” or the “REIT”), the first Sharia compliant residential Real Estate Investment Trust in the ......read more

Dubai Properties' iconic tower development 1/JBR on track for Q4 2019 completion…

Dubai Contracting Company announced as the contractor for luxurious sea-front destination at Jumeirah Beach Residence  Dubai, UAE – 05 February 2017: Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced that Dubai Contracting Company (DCC) has been awarded the contract for the exclusive luxury sea-front tower - 1/JBR. Work is now ......read more

Danube Properties hosts second annual investors and brokers meet…

Over 1000 investors & 500 brokers joined in for an evening fun and frolic  Updates on existing projects and their progress were revealed during the evening Dubai, 5th February 2017:  Danube Properties, UAE’s leading property developer, has recently organized its second annual Investors & Brokers Meet at Dubai’s Grand Hyatt Hotel. The evening was attended by ......read more

World Retail Congress 2017 Launched Today…

11th Congress to be held in Dubai on April 4-6, 2017 in partnership with Dubai Chamber High-profile event cements emirate’s position as a thriving global retail hub H.E. Buamim: Robust outlook for UAE retail market supported by strong consumer base Growth in UAE household spending expected to average 7.1% through 2020  Dubai, UAE, February 1, 2017:  Bringing together ......read more

Al Habtoor Group Chairman, Khalaf Ahmad Al Habtoor Praises Hungary's Investor-Friendly Landscape…

Al Habtoor Group owns The Ritz-Carlton Budapest, InterContinental Budapest Group recently purchased two office building: Rambach Centre and Dorottya Udvar Chairman said Hungary has the competitive edge over the mature markets in Europe which he believes have peaked Dubai, UAE, February 1, 2017:  Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group gave the keynote speech ......read more

Grohe AG gains certification for its energy management system…

Further strengthening of one of the company’s core brand values, sustainability Full compliance with ISO 50001:2011 Continued increase of energy efficiency  Dubai, UAE, January 28, 2017:   Sustainability and energy efficiency are of great importance to Grohe AG. The sanitary manufacturer continues to improve its sustainability profile, which is rooted in long-standing ......read more

DSMG's New ‘Happy Shopping, Happy Winnings' Campaigns recieves overwhelming response from shoppers…

Two mega prizes of AED 50,000 and one Grand Prize of AED 100,000 will be given to lucky shoppers on 28th January at Global Village Dubai, 26th January 2017:  The innovative shop & win promotion ‘Happy Shopping, Happy Winnings’, by the Dubai Shopping Malls Group, has generated a significant increase in customer footfall across the 19 participating malls during the renowned ......read more

Dubai Properties Title Sponsor of the world's fastest growing watersport, ‘Dragon Boat Festival' at ...…

First official Dubai-wide sporting event to take place at Marasi Business Bay  Dubai, UAE – 24 January 2017:  Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager of renowned destinations across the Emirate, has announced its sponsorship of the DP Dragon Boat Festival. The race is scheduled to take place on the 27th and 28th January 2017, ......read more

Cityland Mall's Central Park to showcase spectacular multi-sensory attractions…

Will provide a unique recreational space for shoppers to reconnect with nature  A children’s water park, jogging track, numerous F&B options, scintillating light shows and a 3000 seat amphitheater will delight shoppers Dubai, United Arab Emirates (January 25, 2017):  The recently announced Cityland Mall project has strengthened its credentials as the world’s ......read more

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