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    Featured in Real Estate and Retail
    Dubai Properties (DP) survey reveals 84% of Dubai residents want to be more involved in their local community

    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 and that 82% would like to buy from ‘home-grown’ shops and restaurants more often. This trend towards more personalized community and shopping experiences, where family activities and neighborhood spirit take precedence over ‘big-brands’, crowded malls and high-traffic tourist attractions, has been the main focus of DP as it aims to become a world class asset operator of sustainable communities and continues to develop its ......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 thank His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for his visionary thinking, passion and leadership that have shaped the UAE’s Happiness Agenda, creating a global benchmark for nations around the world. Dubai has been our home for the last 25 years and we have experienced the benefits of his visionary leadership first hand - it is truly special to be part of this ......read more

    Dubai Land Department: In first 45 days of 2017, value of real estate transactions reached AED 42 billion, nearly half of all 2016 investments (AED 91 billion)

    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 Land Department (DLD) and officials from real estate companies have unveiled plans for the 13thInternational Property Show 2017 in Dubai, the only show of its kind which allows retail sales and purchases for both local and international properties. At a press conference organised by Strategic Marketing & Exhibitions, the leading marketing and exhibitions company in the Middle East, today (Wednesday 15 February 2017) it was announced that ......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, according to the latest report from leading real estate consultancy Asteco. There are 31,500 apartments and 12,500 villas and townhouses scheduled to be delivered this year in areas including City Walk by Meraas, Damac’s Akoya, Dubai Wharf by Dubai Properties and Emaar’s Mira. This is in addition to 8,750 apartments and 5,000 villas completed in 2016. “Tenants will be offered a significant choice of completed properties in ......read more

    “Retail Leaders Circle MENA: Key Industry Summit brings Region's Retail Leaders Together to Unlock the Future of the Industry"

    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 from 6th – 7th March 2017, brings together one hundred of the most influential and visionary people helping to shape the future of retail in the region.  Connecting the region’s top retail CEOs with a carefully curated group of brand executives, retail developers, market experts, analysts and investors, Retail Leaders Circle MENA encourages dialogue, discovery and partnership around the trends shaping the future of ......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 run daily for 40 days until the 21st of March, 2017.      This retail bonanza was first conducted in Hili Mall last year aiming to make its shoppers’ experience even more rewards. Visitors can shop and win in-mall gift vouchers. With every AED 200.00 spent, be it on single or accumulated receipts, they’ll be entitled to win one raffle ticket that will go into the draw. With a total worth of AED 240,000.00 prizes, ......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 introduced.  Share a romantic experience with your beloved this Valentine’s by getting cosy with our special room rates starting from AED 499 that will surely leave the two of you a memorable and cherished experience. Join us for a delectable Romantic dinner buffet at Liwan on 12th, 13th and 14th February for specially created menu at AED 145 including beverage package. Or relish a special Romantic Valentine’s set menu with a selection of ......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 firm and the media. Moreover, the attendees of the event were given updates on all the on-going projects under the Danube Properties portfolio, including Dreamz, Glitz 1, 2 and 3, Starz, Glamz, and Miraclz.   Commenting on the press conference, Rizwan Sajan, Founder and Chairman of Danube Group, said, “I take great pleasure in announcing that our seventh project is almost sold out and the construction on all our sides are ......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 forum focused upon on a hotly-anticipated report ‘Sky High Risks: Managing Tall Building Exposures’, which explores the unique set of risks associated with constructing and operating tall buildings. The report discusses mitigation strategies to protect brand and reputation, as well as insights into how building regulations will evolve in the near term. Gaurav Bhatnagar, Head of Specialties – MENA at Marsh said: “This ......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 the first edition of “Bareezat Abu Dhabi” – A Premium Emirati Brand Exhibition. The fashion exhibition presented a grand collection of homegrown brands at extremely attractive prices. Apart from being an unmatched fashion experience the exhibition also created a platform for local entrepreneurs and SMEs, to reach out to a wider audience and effectively introduce their products at discounted prices of up to 70 per cent. Local ......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 gas solutions for the ongoing giant gas field developments in the region. With contract values across the scope of supply in excess of 100 million Euros (107 million USD) this represents a milestone development for Sandvik in the region. Sandvik has seen double-digit growth in the region over the past three years, and recently established its EMEA Oil and Gas headquarters in Dubai, United Arab Emirates, to service major projects happening in the ......read more

    Inaugural Edition of ‘Future Cities Show' to kick off in Dubai World Trade Centre from 2 to 4 April 2017

    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 February 2017:  The UAE Minister of Infrastructure Development, His Excellency Dr. Abdullah bin Mohammed Belhaif Al Nuaimi,announced today (Tuesday, 7 February 2017) at a press conference held in the ministry’s offices in Dubaia debut show on sustainability, innovation and happiness under the name of ‘Future Cities Show’ from 2 to 4 April 2017. The press conference was attended by HE Hassan Al Mansouri, ......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 the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai.  Alain Bejjani, Chief Executive Officer, Majid Al Futtaim – Holding said: “The World Retail Congress is the leading platform for networking and discussing critical factors shaping the future of our exciting, dynamic and important industry, while showcasing the best of our business and region to ......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 looking for something to spoil yourself, there’s something for everyone. With a vibrant mix of beauty, clothing, electronic and jewellery retailers in one location, all your romantic needs can be found at BurJuman this Valentine’s Day.  For a unique, timeless Valentine’s Day gift visit Liali Jewellery and see their range of certified diamonds, pearls, precious, semi-precious stones and jewellery. Spend more than 2,500AED on ......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 UAE-based Al Shafar Group of Companies, has announced the expansion of its facilities located at Dubai Industrial Park. The expansion, which will result in one of the largest steel manufacturing companies in the region, is geared to grow the company's operational footprint in the UAE and the wider GCC region. As per the expansion land lease area plan, ASSENT will add four new facilities spread over additional 1,200,000 square feet of land, ......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 that it will open 14 new hotels in the UAE by 2019, and part of expansion plans to have 100 hotels & 20,000 rooms in operation by 2020, across the Middle East. Elie Younes, Executive Vice President & Chief Development Officer of The Rezidor Hotel Group said: “We are progressing our growth journey in the UAE where Dubai is a key primary market and welcome the Bin Haider Group to our business family’’. The two new ......read more

    Retail Leaders Circle MENA: Key Industry Summit brings Region's Retail Leaders Together to Unlock the Future of the Industry

    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 from 6th – 7th March 2017, brings together one hundred of the most influential and visionary people helping to shape the future of retail in the region.  Connecting the region’s top retail CEOs with a carefully curated group of brand executives, retail developers, market experts, analysts and investors, Retail Leaders Circle MENA encourages dialogue, discovery and partnership around the trends shaping the future of ......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 UAE. This is the second REIT in the UAE after Emirates REIT (CEIC) Limited (“Emirates REIT”), launched and managed by the Equitativa Group . The Residential REIT’s founding shareholders, Al Hamra Real Estate Development LLC (‘Al Hamra’) and National Bonds Corporation PJSC (‘National Bonds’), contributed a portfolio of high quality income producing residential properties. Al Hamra contributed 371 ......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 steadily advancing and on track for a Q4 2019 completion. Located at the entrance to Jumeirah Beach Residence (JBR), one of the most exclusive lifestyle destinations in the Emirate, 1/JBR will epitomise unparalleled luxury and indulgent beachside living. Abdulla Lahej, Group CEO, Dubai Properties said: “1/JBR is an exemplary development that reinforces DP’s position as a creator of master-planned destinations and it is set to ......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 over 1000 investors and 500 brokers, who were gathered to celebrating the success of Danube Properties and were awarded for their contribution. Moreover, the attendees were given updates on the progress made on all seven projects including, Dreams, Glitz Residence 1, 2 & 3, Starz, Glamz, and Miraclz. Addressing the evening, Rizwan Sajan, Founder & Chairman, Danube Group, said, “Following the success of the first annual ......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 leaders of the global retail industry, the 11th edition of the World Retail Congress will return to Dubai at Madinat Jumeirah on 4-6 April 2017, continuing the event’s partnership with Dubai Chamber of Commerce and Industry for the second consecutive year under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Through its rapid commercial expansion and ......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 at the Hotel Investment Conference CEE & Caucasus (HOTCO) on Tuesday 31 January, 2017. HOTCO is the first international hotel and resort real estate investment conference focusing solely on Central and Eastern Europe.  Al Habtoor said he believes that Hungary has the competitive edge over the mature markets in Europe, which he believes have peaked.  “They are oversaturated and yield little returns, if any.” He ......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 experience and expertise, a commitment reflected in numerous accolades and awards. The company’s most recent achievements include the implementation of an ISO 50001 compliant energy management system and its successful certification by TÜV Nord in December. “Our energy management system is of great strategic relevance in terms of reaching our ambitious targets. Among these targets is a 20 percent increase in our energy ......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 Dubai Shopping Festival. The attractive promotions and sales continue to motivate customers to increase their spending budget with a chance to win massive prizes.  Speaking on the overwhelming customer response to the promotion a Dubai Shopping Malls Group Spokesperson said, “The retail sector in Dubai is a highly competitive market. While the sale offers across malls help increase revenue, it is necessary to incentivize the ......read more

    Dubai Properties Title Sponsor of the world's fastest growing watersport, ‘Dragon Boat Festival' at Marasi Business Bay

    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, for the first time at Marasi Business Bay, DP’s newest landmark mixed-use destination. According to Juma Bin Darwish, Senior Executive Director Retail & Hotel Asset Management at DP: “Dubai Properties is proud to partner with Siren Events to bring such a popular sporting event to the region’s first purpose-built yachting destination and multipurpose venue with world-class sporting facilities and entertainment outlets. ......read more

    Other Top Stories from Real Estate and Retail
     
    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 first ‘nature-inspired’ shopping destination by revealing details of Central Park which is its prime attraction. The 200,000 sq. ft. open-air garden will form the core of the mall – in ......read more

    Smart Stores Expo 2017 continues to Garner Huge Industry Response

    Concepts like connected stores, virtual fitting rooms, and self-serve technologies showcased at the region’s biggest retail technology show Abu Dhabi, United Arab Emirates: UAE retail sector is fast adopting innovative technologies; this was evident from the latest technologies showcased at Smart Stores Expo being held at Abu Dhabi International Convention Centre from 23 to 25 January 2017. The largest event for the retail sector in the region, for the first time, showcased innovative concepts in four broad categories - Smart Store Design, Smart Store Technologies, Smart Store ......read more

    H.E. Mohamed Helal Al Muhairi Opens Smart Stores Expo 2017

    The first-of-its-kind Expo introduces connected stores and virtual retail concepts in the region Abu Dhabi, United Arab Emirates: H.E. Mohamed Helal Al Muhairi, Director General, Abu Dhabi Chamber, inaugurated the first edition of Smart Stores Expo 2017 at Abu Dhabi National Exhibition Centre (ADNEC) on 23 January. The inaugural event opened its door to several leading retail professionals across the region to showcase the future of retail empowered by technological innovations and advancements. Following the inauguration ceremony, H.E. Mohamed Helal Al Muhairi toured the exhibition ......read more

    BRISTOL VMD partners with Bronto Skylift to establish first UAE-based service center

    BRISTOL announces exclusive partnership with Bronto Skylift at Intersec 2017 with the presence of His Highness Sheikh Mansoor Bin Mohammed Bin Rashid Al Maktoum. Agreement will see BRISTOL establish the Middle East’s first authorized service and after sales center for Bronto’s aerial work platforms used in firefighting and utilities.  Bronto client list includes Ministry of Interior, Civil Defence, oil and gas, maintenance and construction companies throughout the region.   Dubai, UAE, January 22, 2017:  BRISTOL Vehicles Manufacturing Division (VMD), the ......read more

    Masdar Institute Partners with Abu Dhabi Sewerage Services Company to Build Human Capital and Improve Strategic Tunnel Enhancement Program

    Collaboration to Contribute to Advanced Research Needed to Develop and Manage Sustainable and Safe Tunneling Projects in Abu Dhabi Abu Dhabi-UAE: 22 January, 2017:  The Masdar Institute of Science and Technology, an independent, research-driven, graduate-level university focused on advanced energy and sustainable technologies, and the Abu Dhabi Sewerage Services Company (ADSSC), have signed a Memorandum of Understanding (MoU) that will enable knowledge sharing and advanced research to ensure the sustainable and safe construction of underground tunnels in Abu Dhabi. The MoU is ......read more

    Current Supply Volume of holiday homes in Dubai touches 4,200 units

    Seen as affordable option of frequent tourists to the Emirate: Influx of tourist fuels the real estate business in Dubai says International Property Show organizers  Dubai, UAE, 22 January 2017:  The real estate sector in Dubai is holding steady and gaining maturity and sustainability as it has registered promising results the last year 2016. Indeed, Dubai Land Department (DLD) has reported that Dubai recorded a total of 60,595 real estate transactions in 2016, exceeding AED 259 billion in value. According to real estate transaction report of DLD, Over 41,776 sales ......read more

    LABTEC wins AED 11 million contracts to supply lab furniture & fire-rated doors in UAE, Eritrea

    Dubai, January 21, 2017:  LABTEC LLC, a leading player in design, manufacturing, installation and commissioning of laboratory furniture and a part of Masharie LLC – a subsidiary of Dubai Investments PJSC, has won projects worth AED 11 million in the UAE and Eritrea to supply and installation of laboratory furniture and fire-rated doors. The new projects won by LABTEC include an AED 6.6 million contract for supply and installation of fire-rated doors in the AED 6.6 million ANWA by Omniyat Tower in Dubai Maritime City and an AED 1.3 million supply and installation of fire-rated ......read more

    Abu Dhabi to host Region's Biggest Retail Design and Technology Expo

    Smart Stores Expo 2017 will showcase top-notch solutions from world leading companies Abu Dhabi, United Arab Emirates: Smart Stores Expo 2017, the first of its kind event focusing on the latest trends in retail design, technology, and services is taking place at the Abu Dhabi National Exhibition Centre from January 23 – 25.  The show caters to all aspects of the retail industry in the region, will see participation from prominent regional and international companies showcasing their latest innovations in four broad categories : Smart Store Design, Smart Store Technologies, Smart ......read more

    Danube Group: Building materials' price escalation could push up property prices in 2017

    Dubai, UAE, January 18, 2017:   An increase in building materials price could push up the prices of apartments, villas and office space, if not contained in the next few months. However, the effects of the price increase could be felt by the consumers only when materials suppliers, sub-contractors, contractors and developers factor in the increases in their future pricing of material cost. Prices of steel – a major cost component in the building industry – has jumped 20 per cent in the fourth quarter of 2016, up from the first quarter of 2016, according to market ......read more

    Shopping is just the beginning at The Dubai Mall this DSF

    Dubai, UAE, January 16, 2017:  The Dubai Mall is celebrating Dubai Shopping Festival (DSF) with a host of entertainment for shoppers and visitors to enjoy. Following the festive-fun from the first half of the festival, there’s plenty more in store from now until the festival wraps up on January 28.  Roaming performers will delight mall-goers with Piano Ballet, Frozen Stilts, Balloon Modellers, a Living Gallery, Magic Harlequins and toy soldiers – acts that need to be seen to be believed!  The breath-taking thrills and acrobatics at the Mongolian Circus stage ......read more

    Gulf Craft Announces Partnership with Germany-based Yacht Dealer, Drettmann

    Emirates-based Shipyard Continues to Bolster International Presence Dubai, UAE – 16 January 2017: Gulf Craft has announced its partnership with Germany-based Drettmann, a globally recognized dealer of luxury yachts, for the shipyard’s sales in the European continent and Russia. The move is part of Gulf Craft’s continued focus on international expansion, with this new partnership representing an exciting step in that direction. At last year’s Cannes Yachting Festival, Gulf Craft presented two of its latest superyachts, the award-winning Majesty 155, and the ......read more

    La Quinta at Villanova, introduces large villas to Dubai, fulfilling the market need for family-style homes

    Dubai Properties’ Villanova phase two launch, on the 21st of January, will cater to families looking for spacious villas in an elegant and vibrant neighbourhood in DUBAILAND Luxurious 3 , 4, 5 and 5+ bedroom villas to  offer families settling in Dubai wide choice of larger homes  Dubai, UAE, January 16, 2017:  Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager has announced the launch of “La Quinta”, the second phase of the elegant and vibrant Villanova residential master community in DUBAILAND. The ......read more

    Mahboob Is Back At Dalma Mall This Winter

    Event: Dalma Mall Winter Activities   Location: Dalma Mall Date: 12, 13 &14 January 2017 Time: 10:00 am to 10:00 pm Dalma Mall’s Winter Season will witness the return of our beloved Mahboob the Clown! During the weekends, on every Thursday, Friday and Saturday, Mahboob the Clown will roam the mall and present our beloved children with exciting gifts and play interesting games and various fun activities to educate and entertain your children. While the kids are having fun with Mahboob, the parents can have an amusing shopping day too through our Concierge ......read more

    ADFD's AED320 Million Allocation to Amman Development Road Ensures Advancements in Infrastructure

    His Excellency Mohammed Saif Al Suwaidi: New road network to encourage urbanization Abu Dhabi-UAE: 12 January, 2017:  His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), attended the official opening of the Amman Development Road. The road network connects the capital with the surrounding cities, easing the movement of passengers and goods between Jordan and the countries of the GCC region.  In line with the framework of the 2013 UAE government grant to the Gulf Development Fund valued at AED4.6 billion (US$1.25 billion), ......read more

    His Majesty King Abdullah II of Jordan Unveils ADFD's AED103 Million Kufranjah Dam Project

    His Excellency Mohammed Saif Al Suwaidi confirms tailored approach to match government of Jordan economic expansion strategy Abu Dhabi-UAE: 11 January, 2017:  Abu Dhabi Fund for Development (ADFD) attended the official opening of the Kufranjah Dam – a development project funded by the UAE government and managed by ADFD in the Kingdom of Jordan.  Located north of Jordan’s capital Amman, the newly completed AED103 million (US$28 million) project is in line with the framework of the 2013 UAE government contribution of AED4.6 billion (US$1.25 billion) to the Gulf ......read more

    Al Habtoor Group and One Broker Group Host ‘Real Estate Brokers Night' to Showcase Al Habtoor City Residence Collection

    Event attended by more than 300 brokers  12 January, 2017, Dubai:  Al Habtoor Group and One Broker Group (OBG), the exclusive sales and marketing agent for Al Habtoor City’s Residence Collection, organized a Real Estate Brokers Night on Tuesday, 10  January 2017 at The St. Regis Dubai, Al Habtoor City, where more than 300 people were in attendance.  Al Habtoor City, one of the most talked about mixed-use urban developments, is home to three luxury hotels as part of the Hotel Collection (The St. Regis Dubai, Al Habtoor City, W Dubai, Al Habtoor City and The ......read more

    H.E. Sheikh Mohammed bin Faisal Al Qassimi with Mr Faisal Al Nuaimi Inaugurates 'The Ajman Palace Hotel Wedding Fair 2017'

    The Ajman Palace Hotel Wedding Fair, organized in association with The Ajman Tourism Development Department (ATDD) was inaugurated today by H.E. Sheikh Mohammed bin Faisal Al Qassimi, Chairman & CE, MANAFA LLC, and Vice Chairman, HMH – Hospitality Management Holdings and Mr. Faisal Al Nuaimi, General Manager of ATDD, in the presence of H.E. Dr Shaikha Hind bint Abul Aziz Al Qassimi, Chairperson of BPW Emirates Club and Chairperson of Sharjah Business Women Council, and other dignitaries and VIP guests. Hosted by The Ajman Palace Hotel, the three-day annual luxury bridal ......read more

    Dubai South Signs Strategic Agreement with Dubai Land Department

    Dubai-UAE: 11 January, 2017:  Dubai South signed strategic Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) regarding the registration of freehold plots and properties by investors at Dubai South. The agreement was signed by His Excellency Sultan Butti Bin Mejren, Director General of Dubai Land Department and His Excellency Khalifa Al Zaffin, Executive Chairman, Dubai Aviation City Corporation and Dubai South.    Under the terms of the agreement Dubai South and DLD seek to structure and develop their relationship and strengthen shared interests, towards ......read more

    HMH Appoints a New COO

    Hospitality Management Holding (HMH) has announced today the appointment of Ferghal Purcell as its Chief Operating Officer (COO). Purcell, the former Complex General Manager for both The Ajman Palace Hotel and The Coral Beach Resort Sharjah, has over 30 years of regional and international experience in the hospitality industry. H.E. Sheikh Mohammed Bin Faisal Al Qassimi, Chairman & CE, MANAFA LLC, and Vice Chairman, HMH, said: “Our strategic vision lies in striving for growth and exceeding our guests’ expectations across our different properties. This ultimately ......read more

    New Indian Ambassador visits Conares plant in JAFZA, Dubai

    Dubai, UAE, January 5, 2017:  His Excellency Navdeep Singh Suri, the new Ambassador of India to the UAE, visited the headquarters and facilities of Conares, the second largest steel manufacturer in the Emirates, in Jebel Ali Free Zone (JAFZA) recently. The Indian Ambassador was received by Mr. Bharat Bhatia, CEO of Conares. “We are honoured to welcome Ambassador Navdeep Suri in our office. Conares is a key player in steel manufacturing and trading for both the global and regional suppliers,” Mr. Bhatia said. Being the only private steel manufacturer in the gulf region, ......read more

    Carillion Joint Venture awarded AED725 million contract for Phase 1A6 of the One Central development by Dubai World Trade Centre

    Dubai, UAE, January 4, 2017:  Dubai World Trade Centre has awarded Al Futtaim Carillion (AFC) the contract to deliver Phase 1A6 of One Central, a major integrated Real Estate development located between the current Dubai International Convention and Exhibition Centre and Emirates Towers in the heart of the city’s Central Business District.  This latest phase of One Central has a built up area of 182,500 square metres and comprises two Grade A office buildings of 12 and 8 storeys. The contract, which is worth approximately AED725 million, will begin in January 2017 and is ......read more

    Gulf chemicals industry is 2nd largest within manufacturing sector, creating over 500,000 jobs and $108 billion worth of products in 2015 says ArabPlast 2017

    UAE had 13.7m tons/year of petrochemical capacity respectively in 2016, according to GPCA Dubai, UAE, 3rd January 2017:  Organizers of the 13th ArabPlast 2017 have said that the chemicals industry of the GCC is the region’s second largest within the manufacturing sector, creating over 500,000 direct and indirect jobs and $108 billion worth of products in 2015. These figures were highlighted at a press conference held in Sofitel Dubai Downtown, today (Tuesday, 3rd January 2017) to raise the curtain on ArabPlast 2017, the region’s leading trade show for the plastics ......read more

    Emaar Hospitality Group is world's first hotel chain to win ISO 28000: 2007 certification for its Security Management System

    Dubai, UAE; January 3, 2017:  Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties PJSC, is now the world’s first hotel chain to secure the ISO 28000: 2007 certification from British Standards Institute (BSI) for its Security Management System.  Following an intense review of the security supply chain management system, BSI awarded the prestigious certification, valid for three years, which underlines Emaar Hospitality Group’s competencies and readiness in implementing appropriate controls to manage potential security threats – ......read more

    Biggest Private Sector Entities Gear Up to Play Crucial Role in Dubai Shopping Festival 2017

    Dubai, UAE - 29 December 2016:  The Dubai Festivals and Retail Establishment (DFRE), an agency of Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), has lauded the solid partnership between the government and private sectors, describing it as a unique role model of public-private collaboration that works collectively with a single-minded purpose to achieve the common goal of promoting a destination. The role played by the private sector is one of the cornerstones of the success of Dubai government driven retail initiatives like the Dubai Shopping Festival ......read more

    Al Wahda Mall spreads festive cheer in the mall and beyond

    Abu Dhabi, United Arab Emirates, December 19, 2016:  Al Wahda Mall, an Iconic landmark & favorite shopping destination located in the heart of Abu Dhabi city, is activating new and unique activations at its premises to spread good cheer and convey the season’s greetings this Festive season. Activated from the 18th of December, Mall visitors will be encouraged to make greeting cards with personalized messages which will then be sent to the children at Al Noor Training Centre for Children with Special Needs in Dubai in the week of December 25, 2016. Al Wahda Mall is all set to ......read more

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