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    Featured in Real Estate
    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

    Centrepoint Make Time For Family - "Make a Life, Not Just a Living"

    Centrepoint study shows quality time with family leads to increased happiness and encourages families to put their loved ones first.  Dubai, UAE, May 6, 2017:  The Middle East has always been a region that places high importance on family values. However, recent studies show that there is an increasing imbalance between time spent at work versus quality family time. Centrepoint, Middle East’s largest fashion retailer, conducted a survey last year that showed over 48% of respondents claimed that they do not get sufficient time with their family. This year the brand surveyed over 500 people across the region and found that close to 40% state that they’ve missed out on a special occasion due to work obligations.  Research has shown that close bonds to family and having a strong emotional support system have ......read more

    Dubai International Financial Centre Drives Institutional Real Estate Investment Through Memorandum of Understanding with Dubai Land Department

    •    Agreement allows DIFC-based entities to own property registered with DLD and will significantly boost investment in the emirate’s real estate sector  •    Added benefit to regional family businesses doing private wealth and succession planning in the Centre  Dubai-UAE: 6 May 2017 – Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) to allow entities based in the Centre to purchase and register properties with the DLD.  The strategic agreement, signed by H.E. Essa Kazim, Governor of DIFC, and H.E. Sultan Butti Bin Mejren, Director General of the Dubai Land Department, will simplify the land owner ......read more

    Other Top Stories from Real Estate
     
    Aleris Aluminum signs an exclusive agency agreement with MJ Building Materials Trading DMCC

    The Dubai-based company will promote Aleris’ premium aluminum in the GCC region Dubai, May 16, 2017 - Aleris Corporation, a leader in the production of rolled aluminum for critical surface applications, announces today that it has signed an agency agreement with MJ Building Materials TradingDMCC, based in Dubai, United Arab Emirates. As a result, the company will have the exclusivity for the promotion of Aleris’ 55HX®, a premium aluminum for architectural applications, in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. “Our 55HX® is already ......read more

    HMH COO Welcomes New General Manager of Ajman Tourism Development Department at Bahi Ajman Palace Hotel

    Mr. Ferghal Purcell, COO of HMH– Hospitality Management Holding, welcomed this week Mr. Saleh Mohamed Al Geziry, the new General Manager of Ajman Tourism Development Department (ATDD), at Bahi Ajman Palace Hotel. During his visit, Mr. Geziry met the various team members as well as saw the fabulous facilities at the hotel. Congratulating Mr. Saleh Al Geziry on his new role, Mr. Purcell said, “It is an enormous privilege to welcome Mr. Saleh Al Geziry at Bahi Ajman Palace Hotel. Over the years we have enjoyed working closely with Ajman Tourism Development Department and are eager ......read more

    Sultan Butti bin Mijrin inaugurates 2017 edition of Egypt Property Show in Dubai

    May 5, 2017: H.E Sultan Butti bin Mijrin, Director General of Dubai Land Department, and in the presence of H.E. Dr. Mustafa Madbouli, Minister of Housing, inaugurated the 2017 Egypt Property Show (EPS) today (Friday, May 5, 2017) in Dubai World Trade Centre, with a total of xx regional and international companies participating in the event to showcase their latest large-scale and high-valued projects in Egypt, including “The New Capital of Egypt” and the “New El Alamein City”. Running until May 7, 2017 at the Dubai World Trade Centre, the premier exhibition is an ......read more

    The Rental Dispute Settlement Centre: a safe gateway to the relationship between landlords and tenants

    Dubai, UAE, May 6, 2017:  The Rental Dispute Settlement Centre (RDC) was established in 2013 as the judicial arm of the Dubai Land Department (DLD), following a decree issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The decree gave RDC the objective of employing new methods with flexible mechanisms to meet the requirements of the next era, and supporting the execution of issues and matters related to Dubai real estate with greater accuracy, impartiality and transparency.   Based on these criteria, RDC ......read more

    aswaaq receives the Dubai Quality Award and Dubai Service Excellence Scheme Award

    In response to its commitment to excellence Dubai, UAE, May 4, 2017:  Leading supermarket and community malls brand, aswaaq, has received two prestigious accolades from the Dubai Economic Department (DED). aswaaq has achieved the “Dubai Quality Award” and the “Best Performing Brand” in Dubai Service Excellence Scheme for 2016 cycle-Supermarket and Hypermarket Business category. The DQA award has been given by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum - Deputy Ruler of Dubai and First Deputy Chairman of Dubai Executive Council during a ......read more

    AquaBlade® flushing technology sets new standards in toilet hygiene

    Cleaner: Innovative flush technology from Ideal Standard redefines excellence in toilet hygiene Quieter: 25% noise reduction in comparison to traditional toilets Smarter: Water flow has been engineered to ensure optimal usage & benefits Winner of multiple international awards for revolutionary flush performance and innovative design According to the International Scientific Forum on Home Hygiene (IFH), bathrooms, and especially toilets, can be a particularly virulent breeding ground for microorganisms. Appropriate sanitary precautions, —such as an efficient, ......read more

    Deloitte: Medium-to-Long Term Demand Fundamentals Remain Strong for Dubai's Real Estate Market in 2017 as Challenges Remain

    02 May, 2017 – Global business advisors Deloitte released the Middle East Real Estate Predictions: Dubai 2017 report in January, which reviewed key trends in Dubai’s residential, retail, hospitality and office markets during 2016 and made predictions on how the markets could perform in 2017.  Deloitte’s predictions from January against actual market performance for the first quarter of 2017 were recently compared. Martin Cooper, Director of Real Estate Advisory for Deloitte, stated: “As we had set out in our January report, Dubai’s real estate market ......read more

    QCC Endorses First Batch of Quality Partner Programme Affiliates

    Abu Dhabi-UAE: 1 May, 2017 – Abu Dhabi Quality and Conformity Council (QCC), the entity responsible for developing the quality infrastructure in the emirate, announced the endorsement of the first batch of affiliates of its Quality Partner Programme comprising applications from 63 commercial establishments in the emirate of Abu Dhabi.  The initiative promotes voluntary compliance with the regulations concerning controlled products and legal measuring instruments. The programme accepts membership applications from interested parties across six categories: importers, commercial ......read more

    Arab Traffic Week 2017 at Dalma Mall

    In collaboration with the Ministry of Interior, Dalma Mall presents the Arab Traffic Week 2017 under the theme “The Traffic Marshall Is Here to Serve You”, from May 4 to May 10, between 4:00 pm to 10:00 pm. The event includes interactive competitions with Dalma Mall’s visitors, including lectures on traffic safety rules, entertainment shows and raffle draws, in addition to Kids’ activities and art and theater performances by Al-Asail School and Hamouda Bin Ali School. The Arab Traffic Week 2017 offers a traffic exhibition for the participating parties and virtual ......read more

    EMKAAN Unveils Architectural Formula for Health and Happiness

    “UAE architects should draw inspiration from ancient forts and heritage architectural elements to design happier buildings and communities,” said Muhammad Obaid  Dubai, UAE, April 30, 2017:  Building design has a significant impact on the well-being, happiness and productivity of today’s workforce, reveals Muhammed Obaid, Principal Architect, Partner and Manager of EMKAAN Architecture and Engineering Consultancy.  Muhammad draws inspiration from heritage buildings such as the wind towers in Al Bastakiya, Dubai, and the Al Jahili Fort, Al Ain, and reveals ......read more

    Airolink Signs Up Dh2.8 Billion New Construction Contracts, Raising Order Book to Dh4.4 Billion in 2017

    UAE’s fastest-growing construction conglomerate, expands through organic growth and asset acquisition Date: Dubai, April 30, 2017 Airolink, a large design and build construction conglomerate, announced the signing of Dh2.8 billion (US$760 million) new project contracts, raising the total value of its current order book to Dh4.4 billion (US$1.2 billion), from Dh1.6 billion (US$435 million) in the first quarter of 2017. “The new construction contracts worth Dh2.8 billion reflect a growing confidence of our clients on Airolink’s project delivery capacity and ......read more

    Al Barari Wins Best Real Estate Project (Luxury Residential) at Gulf's Premier Real Estate Awards

    Dubai, United Arab Emirates, April 30, 2017:  Al Barari was presented with the Best Real Estate Project (Luxury Residential) award by His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department at the region’s first Gulf Real Estate Awards on April 17. Al Barari was honoured in front of nearly 300 real estate leaders at the largest and most prestigious real estate gathering in the region. “We are very proud of this award and achievement. What we have achieved came from the heart of passionate, perfectionist and loving people.” says Zaal Mohamed ......read more

    Falconcity of Wonders Expresses Full Support to Ebdaat Craft Cooperative Society Dubai

    UAE, April 29, 2017 – Falconcity of Wonders LLC, the developer of the Falconcity of Wonders (FCW) multipurpose mega project arising in Dubai, recently donated AED 50,000 to Ebdaat Craft Cooperative Society Dubai, an organization that supports craft work and other native articles made by Emiratis. Mr. Ahmad Almoosa, Vice Chairman and Deputy General Manager of FCW, handed over the cheque to Ms. Jawaher Ahmed, Chairwoman of Board Directors of Ebdaat Craft Cooperative Society Dubai, and voiced the company’s commitment to help preserve Emirati heritage and promote locally made ......read more

    E-City introduces in-store retail technologies across all its stores in the UAE

    April 26, 2017: E-City (part of the Albatha Group), a leading operator of a chain of world-class multi-brand electronics retail stores across the UAE, revealed its move to showcase the latest in-store retail technologies across all its eight stores in the UAE. The company has announced the installation of the newest in electronic shelf labels, and interactive screens—all designed to give customers the ability to experience the ‘Future of Electronics.’ According to the company's senior executives, the new additions and fixtures in all their stores are one-of-a-kind and ......read more

    Marks & Spencer Drives Emiratization Engagement Initiative Through Unique Store Takeover

    All-Emirati Sales Team Rises to the Challenge of Full Day Store Operations at M&S Deira City Centre Dubai, UAE, April 26, 2017: As part of its planned quarterly engagement initiatives, Marks & Spencer HR, in partnership with Al-Futtaim Retail HR, organized a Sales Workshop with a difference. The unique event, held on 22nd March at Marks & Spencer, Deira City Centre, was designed to show the potential impact of an empowered Emirati workforce within the organization. A 31 strong, all-Emirati team took on full responsibility for the store’s operations for one whole day, ......read more

    Paris Gallery Celebrates 20 years of Retail Excellence with BIG Discounts

    24 April 2017 - Dubai, UAE: It is the year of celebrations for Paris Gallery, the leading luxury retailer in the region, who is celebrating 20 years of retail excellence. The brand is offering its clientele big discounts on a wide range of selected luxury products across all its stores in the UAE. For a month beginning April 20th, customers can get up to 75% off on some of the most luxurious products at Paris Gallery and Watch Gallery.  While at Paris Gallery you could be spoilt for choice with some of the largest and most exclusive collections of fragrances, cosmetics, watches, ......read more

    The Department of Land and Real Estate Regulatory of Ajman showcases benefits and advantages of investing in Emirate's thriving real estate segment at Restatex Riyadh 2017

    Ajman, April 24, 2017- The Department of Land and Real Estate Regulatory of Ajman is participating at this year's edition of the Riyadh Real Estate & Urban Development Exhibition 2017 (Restatex Riyadh 2017), the largest annual Real Estate event of its kind in the Kingdom of Saudi Arabia (KSA), at the Riyadh International Convention & Exhibition Center. The event is being attended by leading decision makers, officials and executives from top Saudi, regional and international real estate developers. During their presence at the event, the Department of Land and Real Estate ......read more

    Gulf Hospitality Project Value Exceeds Dh544 Billion (US$148.4 bn) in Q1 2017

    Number of active hospitality projects reached 1,153 as 62 projects with a combined value of Dh9.1 billion were added to the list in the first quarter of 2017, according to BNC Network 24 April 2017 - Dubai, UAE: News Announcements 1.    The total estimated value of 1,153 active projects in the GCC's hospitality industry exceeded US$148.4 billion in the first quarter of 2017, according to BNC Intelligence  2.    GCC hospitality sector constitutes 7 per cent of all active projects in the GCC 3.    Six hospitality projects with a ......read more

    HMH Appoints a New CEO

    Dubai: Hospitality Management Holding (HMH) has announced today the appointment of Mr Aboudi Asali as its Chief Executive Officer (CEO).   Mr Asali joins HMH with over twenty years of hospitality experience, starting at the Four Seasons Hotel Boston. After several years in operations, Mr Asali joined Arthur Andersen as a Real Estate and Hospitality Consultant in Bahrain and then London.  He came back to the Middle East in 2002 as the Vice President International Lodging Development for Marriott International where, during his tenure he signed more than 40 hotels across the region. ......read more

    Upcoming Abu Dhabi Development Takes Centre Stage During Cityscape Abu Dhabi for RAK Properties

    The property developer’s second project in the UAE capital receives significant interest ahead of its anticipated launch 20 April 2017 - Abu Dhabi, UAE: RAK Properties PJSC, Ras Al Khaimah's largest property developer listed on the Abu Dhabi Stock Exchange, has concluded another successful year at Cityscape Abu Dhabi creating a buzz ahead of Abu Dhabi project’s official launch in the coming months. Expected to be officially announced during the next two months, RAK Properties showcased to visitors what to expect from its upcoming development in the United Arab ......read more

    Al Qudra Showcases Authentic and Modern Future Projects at Cityscape Abu Dhabi 2017

    Abu Dhabi, 19 April 2017: Al Qudra Real Estate, the real estate investment arm of Al Qudra Holding will be showcasing authentic and modern future projects including the Traditional Souq project in Abu Dhabi, Barari Ain Al Fayda project and Kasr Al Bahr Hotel in Rabat, Morocco, at Cityscape Abu Dhabi 2017. Held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, the exhibition will run from 18 to 20 April 2017 at Abu Dhabi National Exhibition Centre (ADNEC) bringing together local, regional ......read more

    Demand for steel rebars in UAE to increase by 10% in 2017, say ‘Magnet' members

    Dubai, UAE, April 19, 2017:  The steel consumption of the UAE market in 2017 is set to increase by 10 per cent as compared to 2016, while the domestic production capacity to address these volumes is already in place, say members of ‘Magnet’, a UAE-based platform to discuss and disseminate insights on the steel industry. Key industry stakeholders including Emirates Steel Industries, Conares, Hamriyah Steel and Union Iron & Steel participated in the ‘Magnet’ session held recently in Dubai for the rebar producers. The session covered discussions based on ......read more

    Mövenpick Hotels & Resorts' Pakistan Presence Blooms as Firm Signs New Property in the ‘City of Gardens'

    Hospitality firm secures its third project in the country in just two years as agreement to manage Mövenpick Hotel & Apartments Lahore is finalised Dubai, United Arab Emirates, 19 April 2017 – Mövenpick Hotels & Resorts has expanded its footprint in Pakistan after finalising an agreement to operate its third property in the country. The Swiss hospitality firm has signed a deal with the Orient Group of Companies to manage the 310-key Mövenpick Hotel & Apartments Lahore, part of a new mixed-used development the government has earmarked as the city’s new ......read more

    Tamouh Investments Signs AED310 Million Financing Facility with ADIB for Paragon Bay Mall

    •    AED310 million facility provided by ADIB, which was the mandated lead arranger and sole bookrunner •    Facility to finance final phase of Paragon Bay Mall construction •    Macquarie Capital Middle East acted as sole financial adviser •    Msquared Shopping Centres to lease and operate the Mall Abu Dhabi, 19 April, 2017 – Tamouh Investments, the largest master developer on Reem Island and leading Abu Dhabi based real estate developer, is pleased to announce the signing of a AED310 million ......read more

    Asteco signs first master franchise in Saudi Arabia

    Saudi Arabia based Ma’ather for Real Estate Management LLC invests in Asteco’s proven franchise brand, the first in the country  Dubai, April 19, 2017:  Asteco, the Middle East’s largest independent full-service real estate company, has added its first franchise in Saudi Arabia to its growing integrated network, taking the tally of franchises to 15 in the GCC. Following the signing of the agreement with Asteco’s licensing division, Ma’ather for Real Estate Management LLC, the main real estate division of the Rabiah & Nasser Group (RANCO), a ......read more

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