25 local real estate companies promote Dubai as an attractive investment hub for China
Dubai Land Department presents its latest technologies and projects to highlight its leading services in the real estate sector
Dubai - United Arab Emirates, March 23, 2017: Dubai Land Department (DLD) highlighted several of its pioneering initiatives during the first day of the Dubai Property Show in Shanghai as the strategic partner of the event, which was inaugurated today on Friday 24th March and will run for three days until Sunday 26th of this month.
DLD’s participation is taking place at the Shanghai World Expo Exhibition & Convention Center under the theme ‘Dubai, your ideal investment destination’. The department’s delegation will be working to translate this theme into reality over the course of ......read more
Land Department and 25 Dubai real estate companies set to participate at Dubai Property Show being held from 24th -26th March in China
21th March 2017; Dubai, UAE: Dubai developers are all geared to showcase the best of Dubai real estate opportunities to the Chinese investors at the upcoming Dubai Property Show that will be held in Shanghai, China from 24th -26th March, 2017 at Shanghai World Expo Exhibition & Convention Center. This will be the 6th global edition of the popular exhibition which has been instrumental in promoting Dubai real estate to key investor markets which include London, Mumbai, Hongkong and now Shanghai. The exhibition is being organised by Sumansa Exhibitions in association with Dubai Land Department and will be attended by around 25 real estate companies from Dubai.
Dubai Properties, Falconcity of ......read more
Nearly AED 20,000 of goodies were hand-gifted to customers in Dubai and Abu Dhabi
Dubai, 20th March, 2017: Swedish home furnishing retailer, IKEA - part of Al-Futtaim – marked International Day of Happiness this morning with a series of ‘Happiness Drops’ at Dubai Festival City as well as in-store at both its Dubai and Abu Dhabi locations.
Throughout the day IKEA chose shoppers at random and surprised them with nearly AED 20,000 of gifts to brighten their day. The activity was in recognition of the globally recognised day, designed by Action for Happiness that promotes wellbeing and progress through spreading happiness and was also in line with the Dubai Government’s drive to ensure a happy society for all its citizens.
According to new research*, practical gifts make people happier, so ......read more
International Property Show 2017 to provide direct retail property transactions from 2-4 April 2017; Kuwaiti Investors buoyant on real estate
Dubai, UAE, 20 March 2017: International Property Show 2017, which will be held from 2-4 April 2017, at the Dubai World Trade Center, is expected to attract a wide range of visitors from Kuwait. This comes at a time Kuwaiti investors are more demanding realty investments in Dubai in the form of villas, apartments and offices.
In 2016, the number of Kuwaiti investors in Dubai’s real estate market has increased to reach 770 investors as the volume of their investments touched AED 2 billlion according to Dubai Land Department (DLD).
At the same time, many reports issued by specialized institutions expected that the real estate market in Dubai will keep its growth in ......read more
Geotechnical/Geophysical works and construction materials testing related to various facilities of the Qatar 2022 World Cup, among them Al Wakrah Stadium.
Doha, Qatar; March 20, 2017: Advanced Construction Technology Services (ACTS), the leading consulting organisation in the field of construction materials and geotechnical engineering, recently announced that it has been engaged to provide its services in connection with five World Cup stadiums and three related energy centres being built for the 2022 FIFA World Cup in Qatar.
ACTS has already completed its task to conduct geophysical surveys on the Al Wakrah Stadium. In addition, ACTS has been appointed to perform various additional geotechnical and geophysical tasks along with the construction materials testing related to the same stadium. The 40,000-seater facility is ......read more
Proprietary index to help identify local and national priorities for setting development objectives
Model is the First of its Kind in the Middle East and North Africa
Dubai, UAE, March 19, 2017: To commemorate International Day of Happiness, United World Infrastructure (UWI), the Dubai- and Washington, DC-based firm, has today launched its new advisory offering that will allow it to work with cities across the Middle East and the world to measure and improve the happiness of residents. Including its proprietary ‘Happiness and Wellbeing Index’ the offering will empower city developers and municipalities with the information required to measurably improve the experience of its citizens and residents through infrastructure focused policies and development.
UWI has significant experience in the ......read more
The UAE’s iconic landmarks including Burj Al Arab, Yas Viceroy, Cayan Tower, Dubai Duty Free Tennis Stadium and InterContinental Dubai Festival City ‘go green’ for Ireland’s National Day celebrations – the biggest UAE greening ever
Dubai, UAE, March 17, 2017: Some of the world’s most iconic landmarks again went green to celebrate Ireland’s National Day as part of Tourism Ireland’s eight annual Global Greening initiative. InterContinental Dubai Festival City, Cayan Tower and Dubai Duty Free Tennis Stadium went green for the first time in 2017 and joined Burj Al Arab Jumeirah which has glowed emerald since 2011 and Yas Viceroy Hotel on Abu Dhabi’s Yas Island which joined the campaign to celebrate Ireland’s National Day in 2016, shone bright in emerald green on ......read more
Dubai-UAE: 16 March, 2017: The Dubai South Logistics District today witnessed the opening of Panalpina’s 40,000 sqm facility. The centre is the largest logistics and manufacturing facility globally for the Swiss-headquartered Panalpina Group, the world's leading providers of supply chain solutions.
The facility was opened in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline & Group, and Chairman, Dubai Aviation City Corporation and His Excellency Khalifa Al Zaffin, Executive Chairman, Dubai Aviation City Corporation and Dubai South. Others present at the event included Ahmed Al Ansari, Acting CEO, Dubai South, Stefan Karlen, CEO, Panalpina Group, Pascal Sieber, Panalpina Country Managing Director UAE, Mike Wilson, Global Head of Logistics and ......read more
Urban Commissions, a design competition set up by Dubai Design District (d3) and Dubai Culture & Arts Authority to engage with the UAE’s creative community and promote its diverse production industries, announces SUPERFUTUREDESIGN* as this year’s winner.
Urban Commissions was launched in October 2014 to engage design students and professionals residing in the UAE. The brief for the competition’s third edition was to design a ‘communal table’ with various seating combinations that celebrates the Emirati tradition of gathering for conversation, collaboration and respite. The winning design is to be produced with a grant of AED 50,000 and placed within the urban landscape of d3 in 2017.
SUPERFUTUREDESIGN*, a creative lab founded by four Italian partners in Dubai in 2009, wins with Mu.TABLE. This ......read more
Dubai, March 14, 2017: Danube Properties, UAE’s leading property developer, part of Danube Group, has launched a new realty project called ‘Resortz’, in Dubai’s Arjaan neighborhood. The project was unveiled by Rizwan Sajan- Founder and Chairman of Danube Group, in the presence of media, brokers as well as senior management of the firm.
The AED 300 million project spans an area of over four acres and offers 419 apartments, ranging from studio to three-bedroom apartments and retail units. Moreover, the property boasts a beautifully landscaped areas, a resort-style swimming pool and a central dome, which resembles the Duomo in Florence.
Commenting on the launch, Rizwan Sajan, Founder and Chairman, Rizwan Sajan, said, “This is our eight realty project and I am extremely happy to see how far we ......read more
The leading paint manufacturer reveals CleanStar, an expert formulation that ensures stain removal to keep walls looking fresh and new.
Dubai, March 14, 2017: Walls provide a protective warmth and energy to every home, working quietly in the background to outline its character. Clean walls speak a thousand unspoken words, adding to the colour and luxury of a room. Understanding the importance of clean walls and how difficult it is to maintain them, especially in areas like kid’s room, corridors, hallways and kitchens, Caparol Paints, a global leader in the paints industry, has innovated CleanStar to help keep walls clean and fresh forever.
CleanStar is a high-quality wall paint with an effective formula that prevents stains from setting in. A luxurious, long-lasting and highly durable formula, CleanStar allows removal ......read more
Dubai, 13th March 2017: Centrepoint stole the show at Dubai Lynx 2017 with Gold wins in the ‘Film’ and ‘Film Craft’ categories for the creative brilliance and dramatic cinematography of its recent sale films. The films were conceptualized as a two-part series by Impact BBDO, Dubai, who was also awarded Agency of the Year, at the ceremony that took place on the 9th of March, 2017, at the Madinat Jumeirah Arena.
The ad campaign was released in a two-film series, titled ‘Sabotage’ and ‘Lies’, are based on a universal insight that captures and encapsulates the size of the sale - Life has a mind of its own. Shot in black and white, they raise the point that while there isn’t much you can do to counter all the indignities life hurls at you, the least you can do is visit ......read more
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 and hotel sectors will witness a strong growth in 2017 on a global basis, according to CBRE. In lieu of the promising growth, the 13th edition of the International Property Show (IPS) which will be held from April 2nd to 4th this year at the Dubai International Convention and Exhibition Centre will feature a new platform called ‘The Global Property Market’.
The Global Property Market is an initiative by Dubai Land Department ......read more
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 least two weekends per month by not spending time with family and friends and (48%) turn down offers to meet loved ones at least twice per month
Four fifths (81%) recognise they need to prioritise spending more quality time with those they love
Dubai, UAE, 12 March 2017: Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today launched a new regional ......read more
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 today by Mr. Pascal Abchee, General Manager, MEDS and attended by Home décor, gastronomy, style and fashion experts.
Established in 1856 in Paris, Le BHV Marais is a subsidiary department store from the Galeries Lafayette group and celebrates this year its 160 years anniversary.
“Le BHV Marais first Emirati branch reflects the strong partnership between Galeries Lafayette Group’ and MEDS and is a confirmation on the trust in ......read more
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% wood-manufactured houses in the UAE.
“Statistics show that houses built using steel increase the CO2 emissions, followed by buildings made of concrete. While studies reveal that buildings using wooden building materials don’t only reduce CO2 emission, but also have positive impact on the environment by helping achieving sustainability,” said Juha Peltomaki, senior advisor from Finland.
“In Finland, it’s ......read more
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 visionary artist and sculptor, David Harber, the bespoke ‘Sculpted Torus’, is now pride of place in the Mall’s Centre Court. The impressive sculpture, four metres in diameter, will wow guests visiting the Mall when it opens on 5th April 2017.
The piece is an adaptation of David Harber Ltd’s iconic ‘Torus’ and is part of a series of five variations that will be installed at Doha Festival City. The unique ......read more
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 One, the global leader in developing the world’s first operational Hyperloop, released never-before-seen images of its development site (‘DevLoop’) in the Nevada desert at Middle East Rail, held in Dubai.
Providing the international keynote address at the 11th annual conference, CEO of Hyperloop One, Rob Lloyd, shared a bird’s-eye view of how construction is progressing at the world’s only full-system and ......read more
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 US$ 137.5 billion by the end of 2016, and is expected to reach US$ 186.5 billion by 2023, expanding at a CAGR of 4.5% from 2016 to 2023.
With the global furniture market experiencing a high, the Middle East wood furniture industry, particularly Saudi Arabia is witnessing a vibrant growth as well. The growing number of real estate development, increasing demand for residential property and the governmental initiatives to develop socio-economic ......read more
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 offering through the development of the new mall, located in Jebel Ali, the southern part of Dubai along the main Abu Dhabi – Dubai Highway. The project will be a mixed use development that combines living, working and entertainment with popular retail brands.
In the first phase of its development, which also includes a strategic partnership with wasl properties, a subsidiary of wasl Asset Management Group, the new retail offer is ......read more
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 grand inauguration, in the presence of huge crowd from diverse section of the society took place on 2nd March 2017 at 7 p.m..
Dr. Dhananjay (Jay) Datar, Chairman & Managing Director, Al Adil Trading and popularly known as Masala King, said “It is a proud moment for all of us to establish our 35th outlet in Dubai. The showroom is strategically located next to Raymond Showroom, Meena Bazaar, Bur Dubai. This business destination is ......read more
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 support shared between the UAE’s leadership, servicemen and people.
His Excellency Mohammed Saif Al Suwaidi said: “This site is a national treasure. It’s a reminder of how far we’ve come as a nation. Together we stand in unity, unison and with the utmost respect for our fallen heroes. Their sacrifice and memory should never be forgotten. Their sacrifice should be our driving force. Their sacrifice should be the ......read more
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 to survive. This is clear from the agenda for this year’s Retail Leaders Circle MENA, the annual closed room summit for the industry that takes place from 6th – 7th March at The Address Dubai Mall Hotel.
The region’s biggest retailers, developers and brand owners are confirmed to attend, with many of them participating in key discussions on the future for the industry. The full line up of speakers providing a ......read more
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 Middle East. The change will affect non-UK domiciles who have invested in the UK property market through an offshore corporate structure – such investors may need to take action.
For people in the region, the UK Property market has been a popular investment choice, especially London where growth continues to be strong. The average house price has risen over 65% in London in the last 5 years*. A common way for people living in the Middle East to ......read more
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 estimated to reach $41.273 billion by 2022, growing at a compound annual growth rate (CAGR) of 24.8 per cent from 2016 - 2022. Europe, being the developed market, accounts for nearly 70 per cent of global engineered wood production, while still maintaining high CAGRs.
As such market participants seem to be gearing up for what they believe will be yet another year of good growth for the wood industry. The Italian wood and furniture industry is one ......read more
With water-homes under construction, Marasi Business Bay is set to provide a unique living proposition for Dubai
Dubai, UAE, September 5, 2016: Dubai Properties Group (DPG), one of the largest fully integrated community development businesses in Dubai, known for renowned destinations across the Emirate, has announced that the iconic Marasi Business Bay development is on schedule ......read more
Dubai, UAE, September 5, 2016: In recognition of its contribution to UAE’s growing landscape, leading realty developer Schon Properties was selected among those conferred with the prestigious “Top Real-Estate Companies in the Arab World 2016” award by the Forbes Middle East. The ceremony, held at Waldorf Astoria, Dubai Palm Jumeirah, ranked the Arab World’s ......read more
Virtual Reality tour of key master-planned destinations a firm favourite for visitors at Middle East real estate exhibition
Dubai, UAE, September 4, 2016: Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, is using Virtual Reality for the first time at Cityscape Global 2016 to provide ......read more
Dubai, UAE, September 4, 2016: Conares, the second largest private steel manufacturer in the UAE, has initiated ‘Magnet’, a platform to discuss and disseminate insights on the steel industry. The first edition of the ‘Magnet’ was held in Dubai recently with participation of key industry stakeholders including Emirates Steel, Conares, Hamriyah Steel and Union ......read more
Trends are always evolving with design changes and define a generation. Although trends don’t emerge as rapidly here as they do in say, lifestyle, the economic condition / environmental challenges and demographic portfolio all reflect and play a vital role in the choices of materials, designs, interiors, automation and construction technique for residential dwellings.
A trend is ......read more
19 Landmark Group global and regional brands spread over a 12,000 sq. meter space in the mall are all anticipating the October 29 Mall of Qatar soft opening
Doha, Qatar, September 1, 2016: Mall of Qatar and Landmark Group signed a strategic agreement that will see the leading retail and hospitality conglomerate introduce some of the world’s most beloved brands to Qatar, under one ......read more
Discover something for all the community, with new international and regional retailers, top entertainment facilities and a whole world of dining options
Dubai, UAE, September 1, 2016: The all-new BurJuman Mall will be unlocking its doors to the public very soon! Following an extensive refurbishment, the mall will unveil its new look to shoppers on September 3rd, 2016. To ......read more
Dubai South set to unveil exciting projects and offer unique real estate products
Dubai, UAE, August 31, 2016: Dubai South is set to unveil its exciting new projects and present its unique portfolio of residential properties, at the upcoming Cityscape Global taking place at the Dubai World Trade Center from 6-8 September.
Dubai’s most ambitious project to date, Dubai South ......read more
Dubai Festival City– A One Stop Shop for Your Favourite Back to School Essentials
Dubai, UAE, August 31, 2016: With the summer holidays now at an end, the back-to-school season is not without its share of stress for busy families. If the shopping itself is a mission in your household, Dubai Festival City is the perfect one stop shop to ease the back-to-school burden on your family. ......read more
DUBAI, 29TH AUGUST 2016: Luxhabitat hires and reappoints four new positions in management, operations, sales and digital marketing to strengthen and lead the company on to its next chapter of expanding to international markets.
In lieu of international expansion, Luxhabitat have added to their strong operating entity with the appointment of four new positions in management, operations, sales ......read more
The Hospitality Subgroup event encourages knowledge sharing of information and best practice awareness among members of the internal audit industry across the UAE.
Dubai, UAE, August 30, 2016: UAE-IAA Hospitality Subgroup organized a seminar on Thursday, 25th August 2016 at Abu Dhabi National Exhibitions Center. The seminar, led and attended by seasoned professionals, ......read more
ARTAR chief says city centre lifestyle experience is second to none and residents are the envy of people worldwide
Dubai, UAE, August 30, 2016: Dubai has created one of the world’s best city centre lifestyle experiences for residents in its Downtown district, a developer believes.
“It’s second to none when you consider everything that’s on offer and ......read more
Manazil Global Property Development, the Dubai based real estate developer, has announced the signing of exclusive partnership with Tamleek Real Estate Co. to be its exclusive sales representative in the UAE for the Adagio Hotel Apartments in Dubai Jumeirah Village Triangle.
Engineer Abdul Mohsen Al Hammadi, CEO Manazil Group, developer and owner of the Hotel announced:” “We are ......read more
Coinciding with Emirati Women’s Day to further cement women’s role in the industry
The five-member committee commences its activities in September focusing on empowering ladies in the maritime industry
Builds on Abu Dhabi Ports commitment to women in industry with Ports having first Crane Operator and Navigation Service Coordinator in the profession
Abu Dhabi, UAE, ......read more
Following success of the first release of townhouses in Bella Casa at Serena, real estate master developer Dubai Properties announces pre-sale online registration for launch of additional units soon
Dubai, United Arab Emirates, 28 August 2016 – Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager has announced townhouses in the ......read more
“With the Eid Al Fitr Holiday falling in July 2016, many of the MENA hospitality markets performed positively compared to the same period last year.
GCC hotels recorded positive revenue per average room (RevPAR) in July 2016 compared to the period last year. Saudi Arabia was the only exception, experiencing a drop in performance in its hospitality market across its leading cities, which ......read more
Over half of the award-winning three- and four-bedroom townhouses have now sold to a mix of local and international buyers
The community has reached 10 percent completion, as contractor completes excavation and ground works ahead of the September 2017 handover
Dubai, UAE, 28 August 2016: Only four weeks after its launch date, Phase 2 of Redwood Park at Jumeirah Golf Estates has ......read more
Bahrain mega projects to deliver powerful message at Cityscape Global that prospects are bright, despite oil prices and global events
Dubai, UAE, 28 August 2016: Brick-wall confidence of Bahraini mega project developers has been underlined by recent reports from REIDIN, a property business analysis firm, revealing growing demand in the real estate sector amid construction and ......read more
Abu Dhabi-UAE: 24 August, 2016 – Bloom Properties, a Bloom Holding subsidiary specialized in the development of integrated and sustainable communities, is set to deliver Phase 3 of its Bloom Gardens master development prior to the scheduled hand-over in Q1, 2017.
Consequently, home owners and investors will begin to move into the 147 housing units as early as December, 2016. Bloom ......read more
Crystal Lagoons, the global developer of sustainable crystal-clear lagoon technology expands its North Africa portfolio with 38-hectare lagoon; Egypt a key market for its world-leading leisure amenity with 10 projects
Low construction and maintenance costs supporting sustainability goals in challenging economic environment
Crystal Lagoons to create Idyllic beach lifestyle with a wide ......read more
Dubai, UAE, August 16, 2016: Emirates REIT(CEIC) Limited (“Emirates REIT” or the “REIT”), the UAE’s first regulated Shari'a compliant real estate investment trust incorporated in the Dubai International Financial Centre (“DIFC”) today reports unaudited financial results for the period ended 30 June 2016.
The REIT benefited from the ......read more
Dubai, UAE (August 16, 2016) – Better Life, the affordable premium home appliances division of the Easa Saleh Al Gurg Group LLC, opened its new showroom at Dalma Mall, Abu Dhabi.
“The new showroom has 1500 sq. ft. of space designed to showcase our 15 international brands with an excellent choice of over 400 products. The new location is at the heart of the thriving and ......read more
Dubai, UAE, August 14, 2016: Come and get stuck in at the Kids Activity Zone at BurJuman’s Wonderland every day during mall opening hours!
Located in the heart of Bur Dubai close to the city’s key commercial and heritage districts, BurJuman offers a shopping experience that is convenient, relaxing and enjoyable. One of Dubai’s best-known retail ......read more
UAE - August 14, 2016 - MPM Properties, a real estate consultancy and wholly-owned subsidiary of Abu Dhabi Islamic Bank (ADIB), has been appointed to manage and lease ‘The View,’ a luxury23-story residential tower is situated at the Danet Abu Dhabi mixed-use development in the heart of the Capital.
The View comprises 1-,2- and 3-bedroom luxury apartments benefitting from panoramic ......read more
Reorganisation of parking management at JBR is set to ease and enhance residents and visitors’ experience
Dubai, UAE, August 10, 2016: Jumeirah Beach Residence, a Dubai Properties (DP) retail destination, has partnered with GreenParking, the only one-stop-shop for environmentally friendly car park management in the Middle East, to enhance parking facilities at the Jumeirah Beach ......read more
Residential: Average residential rental and sales rates continue to fall across Dubai
Office: Average prime yearly gross rentals have remained unchanged at AED1,920 per square meter per annum in Q2 2016
Hospitality: Average hotel occupancy rates dropped around 3.5% during H1 2016 compared to the same period last year
Dubai, UAE, August 10, 2016: Average residential ......read more
150 Units in five buildings across two Islands completed
Steady turnout of potential customers interested in purchasing remaining units
Dubai, UAE, August 9, 2016: Ayla Oasis Development Company (Ayla), one of the largest tourism and real estate development companies in Jordan and master developer of the Ayla project in Aqaba, announced today the hand-over of the first phase of ......read more
Campaign aimed to raise awareness on the importance of regular checkups and safety for vehicles during the summer
Dubai, UAE, August 9, 2016: Dubai Outlet Mall hosted an awareness campaign ‘Summer without Accidents’ in coordination with Dubai Police, Emirates Transport, Al ameen, Autopro and Thumbay Hospital and Civil defense.
Initiated by Dubai Police the campaign ......read more
Strong growth in revenue – an increase of 18.2% over Q1 2016
19 new fashion/beauty, hospitality and sports outlets to open in 2016
Expansion plans continue in the UAE and across the GCC throughout 2016
Dubai, UAE, August 9, 2016: Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, today released its interim financial results for the second quarter ......read more
Yas Mall celebrates Eid with live sets of magic shows, “The Levitating Man”, and “The Caricaturist”
Dubai, UAE, August 8, 2016: Yas Mall, the leading destination for shopping, dining and entertainment, located on Yas Island in Abu Dhabi, will celebrate Eid Al Adha this September with a spectacular array of entertainment activities. Offering its visitors a ......read more
Dubai, UAE, August 6, 2016: With a towering mega structure, winding slides and a giant pit of soft balls, The Dubai Mall is taking the best bits of the playground and supersizing them for a summer of fun!
Customers who spend AED100 at any kids’ store in The Dubai Mall before August 30th will receive one complimentary session for one child to play in the Giant Ball Pit, ......read more
Note: The following information is a trading statement based on unaudited management accounts for Half Year ended 30 June 2016.
Overall group revenue up 11% year-on-year to AED 15.2 billion for H1 2016
EBITDA up 7% year-on-year at AED 1.9 billion
Commenced construction of the 103,000 sqm City Centre Almaza, Cairo
Commenced construction of Aloft ......read more
Master-planned residential community in DUBAILAND continues to be a key investment category for property buyers
Dubai, U.A.E., 3rd August 2016: Dubai Properties (DP) has announced that the Mudon project, a master-planned residential community in DUBAILAND, is currently undergoing a Phase 2 staged homeowner handover which is scheduled for completion by October 2016. The handover of close ......read more
Q2 2016 net profit increases 9% to AED 654 million
Abu Dhabi, UAE, August 2, 2016: Aldar Properties PJSC (“the Company”), Abu Dhabi's leading listed property development, investment and management company, today announced its financial results for the second quarter of 2016.
Q2 Financial Highlights:
Net profit increased 9% to AED 654 million, from Q2 2015 ......read more
The real-estate developer announces a gift of Audi A3 and A6 with 1BHK and 2BHK apartments respectively in their flagship project Dubai Lagoon
Dubai, UAE, August 1, 2016: In line with Dubai Summer Surprises, Schon Properties has launched its fantastic offer of a brand new free Audi with purchase in Dubai Lagoon, their luxurious flagship master project. The ‘Schon Summer ......read more
First Two Phases of Residential District Infrastructure to be completed by Q4 2017
Dubai, UAE, July 31, 2016: Master developer Dubai South has awarded a contract worth AED300 million for infrastructure works at its flagship Residential District. Central to the contract, which was awarded to Tristar Engineering & Construction LLC, is the delivery of the completed infrastructure ......read more
With latest expansion of its premises, new brands join Al Ghurair Centre
Dubai, UAE, July 31, 2016: Al Ghurair Centre today announced that it has received a TripAdvisor® Certificate of Excellence. The Certificate of Excellence recipients include accommodations, eateries and attractions located all over the world that have continually delivered a quality customer experience. ......read more
Experts will focus on how Emirate’s business, investment hub status can drive revival at Cityscape Global Conference
Dubai, UAE, July 31, 2016: The MENA region’s leading diversified real estate and property services company says Dubai is well on the way to a strong market recovery and that now is a good time to invest.
Robert Welanetz, Chief Executive Officer of ......read more
Hike in sales transactions following increased buyer interest prompts to extension of flexible, post-handover payment plans
Dubai, UAE, July 31, 2016: Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced an extension to its flexible payment plan for purchasers of property in its Serena and Arabella 2 developments located in ......read more
Stakeholders look forward to the launch of the project that promises to change the entire shopping mall experience for the region and beyond
Doha, Qatar, July 28, 2016: Last Thursday marked Mall of Qatar’s final march towards its grand opening. With just 100 days to go, MOQ management took time to congratulate the entire team on their unwavering dedication to the project thus ......read more
Innovative Shipyard Reaffirms Commitment to Meeting Australia’s Unique Boating Requirements with Brilliant Showcase of Nomad 65
Dubai, UAE – 27 July 2016: Gulf Craft is set to attract Australia’s passionate seafarers with the first-time local appearance of the shipyard’s long-range Nomad Yachts series, bringing its latest yachting concept to the shores of Sydney.
The ......read more
According to JLL’s Q2-2016 Riyadh and Jeddah Real Estate Overviews
Kingdom of Saudi Arabia, July 27, 2016: JLL, the world's leading real estate investment and advisory firm, today has released its Q2 2016 Riyadh and Jeddah Real Estate Overview reports assessing the latest trends in the office, residential, retail and hotel sectors. With Saudi Vision 2030 pivotal to the ......read more
The Tower marks new milestone in its development
New icon in the heart of the 6 sq km Dubai Creek Harbour master-planned development only 10 mins from the Dubai International Airport
Comprehensive seismic and local climate studies also successfully completed
Spectacular tower will define a brand new skyline for Dubai and adds tremendous value to Dubai Creek ......read more
To Bring EPICO’s Superior Real Estate and Facility Management Solutions Closer to Clients
Abu Dhabi-UAE: 26 July, 2016 – Emirates Property Investment Company (EPICO), the property and facilities management arm of Al Fahim Group, has announced the opening of its new office in Abu Dhabi.
Located on the Mezzanine 1 level of Dalma Plaza, Hamdan Street, Abu Dhabi, the ......read more
Adham Saleh, the CEO of EZHeights listed out the ultimate cheat sheet on how value of a given market value of a property is determined
Dubai, UAE, July 26, 2016: Given a big chunk of your annual income goes into the rent cheque or mortgage payment, the expatriate community in Dubai needs to keep the several points in mind before investing into property. Ever wondered if ......read more
Strong investor interest after launch of Bellevue Towers in June
Dubai, UAE, July 26, 2016: In response to the strong market demand, Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced the launch of the second tower of Bellevue Towers for sale. The sought-after residential development has garnered huge investor interest and high ......read more
Abu Dhabi, UAE, July 25, 2016: JLL, the world's leading real estate investment and advisory firm, today released its second quarter (Q2 2016) Abu Dhabi Real Estate Overview report that assesses the latest trends in the office, residential, retail and hospitality sectors.
JLL reported that, after 18 months of relatively stable conditions with the lack of demand growth being ......read more
Abu Dhabi, UAE, July 24, 2016: In celebration of the Indian Independence Day 2016, and in alignment with Abu Dhabi’s Summer Season activities, Yas Mall will host an array of traditional performances and cultural activities for visitors and tourists to enjoy during the hot summer season. Activities will take place on the 18th and 19th of August in Town Square.
This family-focused ......read more
Dubai, UAE, July 21, 2016: Get set for a summer of fun at BurJuman! From July 20 to August 20, the Mall will be hosting “BurJuman Wonderland”, bringing family-friendly activities and exciting entertainment indoors, which all ages will enjoy.
With the temperatures soaring outside, immerse yourself in the Wonderland displays and blossoming décor in selected ......read more
Mall to Span Across 2 Million SQFT, Host 4-Star Hotel
Sharjah, UAE, July 20, 2016: Tilal Mall LLC has recently appointed Arcadis as lead consultant and designer for its project Tilal Mall, an upscale retail destination which will be built at the heart of Sharjah’s first-of-its-kind model city, Tilal City.
The agreement was signed in the presence of His Highness Sheikh ......read more