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    Featured in Real Estate and Retail
    Abu Dhabi Ship Building Achieves its Second Highest Profit in its History

    ADSB’s gross profit and net profit both increased compared to 2016 Abu Dhabi, UAE, February 20, 2018 –   Abu Dhabi Ship Building PJSC (ADSB) has released its financial results for the financial year ended 31 December 2017. The report was accompanied by a statement from the Chief Executive Officer, Dr. Khaled Al Mazrouei, who provided highlights from the successful business year. Overall, 2017 was another positive year for ADSB, as the company surpassed targets, re-branded its market position, and continued to build on the momentum from all operational segments. In his statement, Dr. Al Mazrouei called attention to the even more improved financial position of the company, including increased gross profit (from AED 256.1 million in 2016 to AED 277.1 million in 2017), and increased net profit (from AED 61.3 ......read more

    Hira Walraven bolsters its presence in the Middle East with a new facility valued at AED 20 million

    Dubai, UAE, February 19, 2018:  Consolidating its presence in the UAE, the fixing systems division of Hira Industries LLC and Walraven Group of the Netherlands announced the opening of a new facility called Hira Walraven - valued at AED 20 million. The new facility located at National Industries Park (NIP) is the only dedicated facility for fixing systems in the UAE.  The new facility will be a central distribution warehouse, with a factory to manufacture products as pipe support clamps, support channels and rubber support inserts. The other major product lines of Hira Walraven products include light duty and heavy duty channels, anti-vibration products, mechanical and chemical anchors.  

    ...read more

    Dubai Festival City marks successful first ever Nike+ Run Club edition

    Dubai, United Arab Emirates, 18 February 2018: For the first time ever, Dubai Festival City welcomed over 150 fitness enthusiasts during Nike+ Run Club’s ‘My First Run’ edition held over the weekend. Featuring expert coaches Luke Gaffney and Enisa Glavovic and pacers, first-time runners made their first step to a lifetime of running. Participants were taken on a 4-5km course across Dubai Festival City’s picturesque views - the perfect way to kick-off the weekend. Ideal for those looking to enhance their lifestyle experiences and for visitors hoping to indulge in the local fitness scene, Dubai Festival City presents the perfect place for the family and loved ones to revel in. Residents and visitors to Dubai are sure to find an activity they love at the multipurpose venue which will also serve as the perfect ......read more

    DAMAC Properties deliveries surpass 20,000 unit milestone as it reports net profit of AED 2.8 billion and booked sales of AED 7.5 billion for FY 2017

    Financial Highlights for year ended 2017: Revenue at AED 7.5 billion  Gross profit at AED 3.6 billion  Net profit at AED 2.8 billion Booked sales of AED 7.5 billion  Earnings per share of AED 0.46 Board proposed dividend of AED 1.5 billion (AED 0.25/share) Dubai, United Arab Emirates – 14 February 2018: DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for year ended 2017, reporting total revenue of AED 7.5 billion, a 4 % increase over last year and net profit of AED 2.8 billion.   DAMAC also announced it has delivered 20,236 units as of 31 December 2017, marking a milestone for the company and the industry as a whole.   Gross Profit for the year is at AED 3.6 billion, 9% lower than last year as gross ......read more

    Al Qattara Investments reveals expansion plans for Al Ain

    Al Qattara Investments rebrands the Hazza Bin Zayed Stadium development and launches Al Ain Square    United Arab Emirates, Al Ain, February 14, 2018:   Al Qattara Investments, the name behind the vibrant mixed-use development in Al Ain, has revealed its new brand identity, the rename of Hazza Bin Zayed Community to Al Ain Square, and furthermore the firm’s future plans for the city of Al Ain.    The announcements took place during a press conference in Al Ain’s Hazza Bin Zayed Stadium. The press conference was attended by excellencies and high profile dignitaries from Abu Dhabi and Al Ain.   The announcement marks the development of the community’s third phase, including residential, commercial and community facilities. Phase one and two were completed in 2014 and ......read more

    Robinsons Honored for Outstanding Store Design

    The UAE’s largest department store bursts onto the top ten list of the World Retail Awards   Dubai — February 14, 2018 —   Robinsons, the largest department store in the UAE, has been on the finalists list for the World Retail Awards and was recognized for the 2018’s Outstanding Store Design for stores larger than 1200sqm. For the last ten years, the World Retail Awards have recognized the highest standards of excellence in store design, as well as the very best retailers and retail initiatives across a range of categories.   The Robinsons story began on 25 February 1858, when John Spicer and Philip Robinson founded Spicer and Robinson in Singapore. Since then, Robinsons’ pioneering spirit has kept them at the forefront of Asian retail. In 2008, the Al-Futtaim Retail Group ......read more

    Al Ahli Holding Group to redefine the UAE value shopping category through an AED 1.25 billion Islamic club financing facility for Dubai Outlet Mall expansion

    Dubai Outlet Mall to add 3 million square feet in its expansion Dubai Outlet Mall celebrates 10 years as a premier value-shopping destination as it looks to enhance its leadership in the UAE retail arena   Dubai, United Arab Emirates (February 13, 2018):   Seeking to redefine the value shopping space in the UAE retail arena, Al Ahli Holding Group announced a significant development in the Dubai Outlet Mall expansion today. Dubai Outlet Mall secured an Islamic club financing facility worth AED 1.25 billion for the expansion and general corporate purposes. Dubai Outlet Mall is part of the Al Ahli Holding Group, which is a major UAE conglomerate.   Dubai Islamic Bank acted as the coordinator, mandated lead arranger, bookrunner, investment agent and security agent for the transaction with Ajman Bank, Al ......read more

    A Gift for Everyone on SOUQ.com's Valentine's Day Gift Shop

    Find gifts for him, her, kids and even your beloved pets effortlessly on SOUQ   8th February, 2018, Dubai, United Arab Emirates:  On what’s considered as the most romantic time of the year, the love smitten couples can think of only one thing “where can I get the perfect present for the love of my life?” If you are running out of ideas and time with your busy schedules, your best solution is here at SOUQ.com, where lovers can avoid the hassle of gift hunting and buy your beloved a gift to cherish. Whether your loved one is your better half, your pet or even your kids, SOUQ has unveiled a huge assortment of gifts for all of them! From gorgeous flowers, scrumptious chocolates, cuddly soft toys and jewelry for your lady love to fashionable clothes, grooming sets and gadgets for your handsome gent to ......read more

    Special Chinese New Year Show on Festival Bay

    Dubai Festival City Mall to host Chinese New Year celebrations with special IMAGINE Laser & Water Show and retail offers across 90 different outlets from 15th – 24th February 8th February 2018, Dubai, UAE:   Celebrating the ‘Year of the Dog’, Dubai Festival City Mall is the place to be this Chinese New Year from the 15th to the 24th February with special offers and events across 90 outlets for shoppers to enjoy. The two-time Guinness World Record breaking, show like no other - IMAGINE, will celebrate with a special not to be missed Chinese New Year show.  ‘Festival Bay will turn red’ in celebration of the Chinese lucky colour, a symbolism for joy and fortune.  GRAZIA Middle East will exhibit a unique display of ‘Simply Red’ fashion around Dubai Festival City Mall, ......read more

    Pearl Rotana Abu Dhabi appoints new General Manager ahead of March 2018 property launch

    Karim Nahas brings nearly three decades of experience to the role  Abu Dhabi, UAE, February 7, 2018:   Rotana Hotel Management Corporation PJSC has announced the appointment of Karim Nahas to the role of General Manager at the soon-to-open Pearl Rotana Abu Dhabi. The new hotel is set to open in the heart of Capital Centre - Abu Dhabi, the city’s bustling business district, at the beginning of March 2018.  Nahas brings nearly three decades’ of regional experience in the hospitality industry to the role. As General Manager at Pearl Rotana Abu Dhabi, he will oversee the upcoming launch, as well as all management functions, hotel operations and innovative strategy.   Nahas arrives at the Pearl Rotana Abu Dhabi after two successful years as General Manager at Towers Rotana, Dubai. He first ......read more

    Hilton Dubai offers a romantic staycation to celebrate Valentine's Day

    This year, make it a night to remember with the special room and dinner packages from Hilton Dubai Jumeirah and Hilton Dubai Creek  Dubai, February 7, 2018 –   This year, Hilton Dubai has crafted two heartwarming offers for the most romantic day of the year. Hilton Dubai Jumeirah and Hilton Dubai Creek, two of city’s most iconic properties, will be treating couples to a perfect staycation on the 14th of February, including an intimate dinner, a cozy overnight stay and a scrumptious breakfast the next morning.    Hilton Dubai Creek, the five-star hotel ideally located at Dubai Creek, is offering couples the opportunity to indulge, dine and create memories. Starting the evening is a five-course romantic dinner at Table 9, featuring signature dishes such as a tantalizing duck prosciutto with sweet ......read more

    The month of innovation kick starts at Dalma Mall, Abu Dhabi

    Abu Dhabi, United Arab Emirates - 6 February 2018:  February is shaping up to be an exciting and eventful month at Dalma Mall, as the Ministry of Interior’s exhibition highlighting the different innovative ideas and creative inventions have been brought to life in the Emirate of Abu Dhabi at the Mall’s central atrium. This exhibition took place in recognition of the Month of Innovation and showcased a wide range of tools, gadgets, devices and much more from 1– 6 February 2018, a per the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.  Innovation enthusiasts came together to get an exclusive look at latest ideas and inventions of the Ministry of Interior has exhibited. Several exciting activities took place such as fun games ......read more

    Hormann extends its perimeter protection offerings with lift barriers that meet stringent safety conditions

    Dubai, UAE; February 06, 2018:   Hormann, a leading provider of doors, gates, frames and operators in the region; has introduced new lift barriers equipped with EFO (Emergency Fast Operation) emergency function to secure passages of up to 10 meters in width. They are suitable for very frequent use, capable of managing approximately 2000 movements in a day; and come with a long service life equivalent to approximately 3,000,000 movements. The new lift barrier H version from Hormann along with its integrated hydraulic operator is 1300 mm in height and up to 10m in length; and it is fitting with low foundation depths. Its speed lifting is the same as its speed lowering which is 18.5 cm/s.  Commenting on the launch, Darius Khanloo, managing director, Hormann Middle East and Africa, said: “The lift barrier is a ......read more

    Omniyat Brings Ultimate Luxury Hospitality Brand Dorchester Collection to Dubai

    The new project is confirmed for one of the largest waterfront plots in Dubai’s Marasi district; includes luxury hotel and residences  Dubai, UAE, February 06, 2018:  Omniyat is bringing the famous and historical Dorchester Collection brand to Dubai for the first time with an iconic new development on the banks of Dubai Canal. The collaboration between the Dubai-based high-end developer and the luxury hospitality brand is a long-term agreement that will be rolled out in the coming years, putting Dubai on the same globally important footing for Dorchester as its established hotels in locations such as London, Rome, Beverly Hills and Paris. The project will include a 5-star hotel and luxury residences, managed by Dorchester Collection, at Marasi.  In addition to the new development, full details of which ......read more

    Zak World of Façades Middle East to highlight disruptive and digital technologies in modern façade design & engineering

    Dubai, UAE; February 5, 2018:  The fourth edition of the Zak World of Façades, the region’s premier conference on façade design and engineering, will focus on the latest innovations and challenges in the construction industry pertaining to the building envelope, and digital impact on modern façade design.  A line-up of industry leaders is confirmed to speak at the event including Filippo Lodi, Head of Innovation and Knowledge Management, UNStudio; John Kim, Design Director, AE7; Richard Fenne, Principal, Woods Bagot; Mathieu Meur, Director - Technical, DP Architects; Armin Buchbinder, Head of Design, BSBG; Benjamin Beer, Technical Director, Meinhardt Façade Technology and others. According to Syed Zakir Ahmed, Chairman and Managing Director of ZAK conference, “Among the GCC countries, the UAE leads the ......read more

    Dubai Festival City announces Dubai Food Festival 2018 lineup of events

    Dubai, United Arab Emirates, February 4, 2018:   Food lovers across Dubai are in for a special treat as Dubai Festival City, Al-Futtaim Group Real Estate’s fully integrated mega project, has pulled out all the stops to provide a gastronomical adventure across its retail, residential and hospitality destinations during Dubai Food Festival.  Dubai Festival City Mall will turn into a foodie’s paradise with the popular five-week long Festival of Flavours from the 7th of February until the 10th of March filled with special offers, instant prizes at over 75 different restaurants and cafes.  Introduced for the first time this year is the Organic Souk at Dubai Festival City where visitors can enjoy a diverse selection of the freshest organic local produce, daily picked and ready for purchase. The Organic ......read more

    Ishraqah announces Khansaheb Civil Engineering as the fit-out contractor for Zabeel House by JumeirahTM - The Greens which is expected to open in Q4 2018

    Khansaheb Civil Engineering has been appointed as the fit-out contractor for the first hotel announced by Jumeirah Group under the Zabeel House by Jumeirah TM brand. DUBAI – February 04, 2018:  Ishraqah for Development Limited, a leading UAE based developer, has announced its first hotel at The Onyx Project, located on Sh. Zayed Road, in the Greens master development. The hotel is scheduled to open in quarter four of 2018. Zabeel House by JumeirahTM - The Greens is the first hotel to be announced under the Zabeel House by Jumeirah TM brand. The Onyx is Ishraqah’s prestigious freehold project, which along with the hotel, consists of residential and commercial towers and three levels of retail shops and restaurants in the podium, making it a key local community destination in Dubai.  Khansaheb Civil Engineering, ......read more

    World's largest gold ring goes on display at the Sahara Centre

    Sharjah, United Arab Emirates, 28 January 2018:   Sahara Centre, Sharjah’s leading retail, entertainment and leisure destination, is proud to be displaying the world’s largest gold ring, Najmat Taiba (Star of Taiba), for the pleasure of its discerning visitors. Customers at the mall will enjoy an exclusive opportunity to view the USD 3 million masterpiece as it becomes Sharjah’s star attraction this month.  The 21-carat Najmat Taiba, which has been recognised by the Guinness Book of World Records and endorsed by the World Gold Council, weighs almost 64 kilograms (141 pounds) and is studded with 5.1 kilograms (11 pounds) of precious stones and diamonds, as well as 615 Swarovski crystals. 55 jewel smiths worked for 10 hours a day for 45 days to craft the ring, which is owned by Dubai-based company Taiba ......read more

    Hormann introduces road blockers for optimized security of entrances and exits

    Dubai, UAE; January 22, 2018:   Hormann Middle East and Africa has launched road blockers with optional EFO (Emergency Fast Operation) to secure passages up to 6 m wide.  They are available in the Road Blocker 500 variant from Hormann with a barrier height of 500 mm or in the Road Blocker 1000 version with a barrier height of 1000 mm. Road Blocker 500 SF is suitable for fitting on finished floor surfaces since no groundwork is required. There are also lift barriers available to safeguard controlled entrances and exits up to 10 meters in width. They are suitable for very frequent use and meet high safety requirements. Also available are tyre killers that enable controlled, uni-directional passage while preventing passage in the other direction. While Hormann’s Tyre Killer M variant is suitable for average use ......read more

    There's No Stopping the Shopping as Yas Mall Extends Sales Until 31 January

    Abu Dhabi, 22 January 2018:  Yas Mall, the largest mall in Abu Dhabi, is the only mall in the UAE to extend its sale until 31st January, enabling its visitors take advantage of incredible discounts and special offers. Yas Mall’s sales are known to offer incredible value, and now with this extended sale, there’s nothing stopping visitors from finding amazing deals! For those looking to refresh their wardrobe or home, Yas Mall’s extended sale will include discounts across the mall including popular brands such as Debenhams, Centrepoint, The One, Virgin Megastore, Stadium, H&M, House of Fraser, plus many more.  Catering to a wide audience, the sale will include further reductions across all segments including fashion & accessories, sports, electronics and home furnishing so that there is something ......read more

    Dubai Industrial Park Announces AED135 Million Investment in Expanding Infrastructure

    Wade Adams appointed to complete first phase of infrastructure addition Project to span 16 million square feet  Dubai-UAE: 21 January, 2018:  Dubai Industrial Park (DI), a designated district within Dubai Wholesale City (DWSC), today announced the AED135 million infrastructure development and road expansion project spanning an area of 16 million square feet that is set to commence on its premises.   The expansion works stem from the park’s commitment to pre-emptively address the potential growth of the industrial sector in Dubai and wider UAE, which reflects the strides of the Dubai Industrial Strategy since its launch 2016. The contract has been awarded to Wade Adams, a Dubai-headquartered general construction and project development company with international experience.    As the ......read more

    Awqaf and Minors Affairs Foundation Inaugurates Khalaf Ahmad Al Habtoor's Endowment Project Worth AED8 Million

    Dubai-UAE: 21 January, 2018 –   Marking the commencement of ‘Year of Zayed’, Awqaf and Minors Affairs Foundation (AMAF) today inaugurated the first endowment residential and commercial project in Al Bada’a area of Dubai, funded by an endowment from Khalaf Ahmad Al Habtoor, Chairman of Al Habtoor Group. Proceeds from the project will be allocated to AMAF’s general charity mandate.  His Excellency Tayeb Al-Rais, Secretary General of AMAF, Khalaf Ahmad Al Habtoor, Omar Juma Kalandar, Director of AMAF’s Endowment Development Department, and several officials from the Foundation attended the ceremony.  In December 2016, AMAF and Khalaf Ahmad Al Habtoor signed an endowment investment contract to launch the project that seeks to enhance the living standards of the underprivileged and ......read more

    ADSB to Collaborate on Sustainment and Supply Chain Services with Rolls-Royce

    21 January 2018 – Abu Dhabi, UAE:   Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, and strategic partner to the UAE Armed Forces, has partnered with Rolls-Royce to lay the groundwork for the provision of enhanced naval shipbuilding, repair and refit services across the GCC.  Dr. Khaled Al Mazrouei, CEO of ADSB, and Leo Pantazopoulos, Rolls-Royce’s Senior Vice President, Asia & Middle East, signed a Memorandum of Understanding (MoU) that will see the companies move toward the provision of integrated engineering sustainment and supply chain services for military vessels. The MoU will enable the development of world-class lifecycle management solutions for regional defense stakeholders. It will also reinforce ......read more

    Masdar and Abu Dhabi Department of Transport to collaborate on sustainable, electrical and autonomous transport technologies

    Abu Dhabi, United Arab Emirates; January 20, 2018 –  The Department of Transport – Abu Dhabi and Masdar, Abu Dhabi Future Energy Company, have signed a Memorandum of Understanding (MoU) to cooperate in the study, testing and evaluation of sustainable, electrical and autonomous transport technologies.  His Excellency Khalifa Mohamed Al Mazrouei, Undersecretary of the Department of Transport, and Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer, signed the agreement at Abu Dhabi Sustainability Week 2018. The multifaceted partnership aims to establish pilot projects promoting local capacity building. The agreement also covers the development of infrastructure for the testing and validation of smart electrical and autonomous vehicle technologies by both government and the private ......read more

    Is this Abu Dhabi's Most Lavish Valentine's Day Deal?

    Caviar, Bubbly, and Bespoke Spa and Dining Epitomize Luxury Resort’s Cachet Abu Dhabi, United Arab Emirates, January 17, 2018 –  February 14th will be a dream come true for some couples, with a deluxe Valentine’s Day deal at The St. Regis Saadiyat Island Resort, Abu Dhabi. Including an overnight stay in the hotel’s spacious sea-facing Spa Suite or Ocean Suites, valued at AED 15,730* and AED 9,982* respectively, The St. Regis Valentine’s Day Romance package is surely the UAE capital’s most lavish offer of the holiday. Upon arrival in their ample accommodation, adorned with rose petals for an extra-special touch, guests will receive French bubbles, caviar, and chocolate-dipped strawberries. In the evening, they will feast on a sumptuous three-course gourmet meal accompanied by a bottle of ......read more

    Other Top Stories from Real Estate and Retail
     
    Fäm Properties Reveals Bitcoin Payment Option for Rentals at Major New Dubai Destination

    Al Msaddi says landlords believe cryptocurrency initiatives will attract educated, savvy tenants Dubai, UAE, 11 September 2017:  One of Dubai’s largest real estate brokerages revealed today that some landlords will start accepting Bitcoin payments for residential property rental within one of the city’s major new developments starting next month. On the opening day of Cityscape Global, fäm Properties said that from 1st October a number of landlords whose properties are managed by the company are willing to accept Bitcoin rental payments for a limited number of ......read more

    Rocky reinforces its leadership position in Dubai's real estate market

    Dubai, UAE, September 11, 2017:  Dubai’s world class infrastructure and ideal location positions it as one of the best cities in the world to live and do business with unlimited potential. It has been established that investors get higher yield in Dubai when compared to real estate investments in many other global cities. Hence, property investors from across the world consider Dubai to be one of their most preferred destinations for real estate investments. With the significant growth of the real estate sector, Rocky Real Estate, UAE’s leading brokerage firm has ......read more

    Al Thuriah to launch special promotion during Cityscape Global on three-bedroom apartments in Sahara Tower 6

    Select three-bedroom units in landmark high-rise complex will cost AED1 million for limited three-day period Promotion comes following Cityscape Global’s decision to allow direct buying for the first time in event’s history Sharjah, 10th September 2017:  Al Thuriah Properties, the UAE’s premier property developer that specializes in high-rise residential towers and communities, today announced it is launching a special promotion at Cityscape Global 2017 on a limited range of apartments at Sahara Tower 6.    The promotion is on 33 three-bedroom ......read more

    Value of 21,893 construction projects in the GCC reaches Dh8.8 trillion

    News Announcements The total value of 21,893 construction projects reaches Dh8.8 trillion (US$2.4 trillion) at the beginning of September 2017, which is higher than the GDP of 205 countries, and lower than the world’s top six economies. Value of urban construction projects reached $1.185 trillion (Dh4.34 trillion) in September 2017, BNC Construction Intelligence report shows Value of the energy projects have reached $331 billion (Dh1.21 trillion) in September 2017 Value of utility project in the Gulf reached $302 billion (Dh1.1 trillion) in Sept., 2017 Total value of ......read more

    On the occasion of the Cityscape: Empower highlights the importance of District cooling in the future of Smart Cities

    A report by US-based Global Market Insights indicates that the district cooling market in the Middle East will exceed US$12bn by 2024   Dubai, UAE, September 10, 2017:  Commercial and residential buildings in Dubai have district cooling and the demand is set to grow substantially, and district cooling is an integral part in the future of smart cities, according to Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider.   “Once a building has been commissioned, there is a ......read more

    Future Living: Dubai Properties to showcase high-powered realty portfolio and promising lifestyle destinations at Cityscape Global

    Key Projects across Dubai at Marasi Business Bay, Villanova in Dubailand, as well New Phase of Cultural Village are in Focus at Stand S1D10 at Sheikh Saeed Hall 1, Dubai World Trade Centre   Dubai-UAE: 10 September, 2017:  Dubai Properties, a leading Dubai-based real estate master developer of renowned destinations across the emirate will showcase an impressive realty portfolio at Cityscape Global 2017, exhibiting alongside other Dubai Holding companies including Dubai Design District (d3). The premier property exhibition, Cityscape Global will run from 11 to 13 September, ......read more

    64 Brands in the UAE to receive Superbrands title at Annual Tribute Event

    Gala Event to announce ‘Brand of the Year’ award and unveil the 13th edition of the Superbrands book Dubai, UAE – September 10, 2017:  Superbrands, the independent authority and arbiter of branding, announced it will host its annual tribute event to honour and recognize 64 of UAE’s strongest brands on September 17, 2017. At the event, Superbrands will also announce the highly awaited ‘Brand of the Year’ award and unveil the 13th edition of the much sought-after Superbrands book, which includes a two-page profile of each of the Superbrands. In its ......read more

    Al Marjan Island set to raise Ras Al Khaimah real estate profile at Cityscape Global 2017

    The island will demonstrate its pivotal role in realising Ras Al Khaimah real estate vision for 2018, and highlight unrivalled investment opportunities for investors Ras Al Khaimah, UAE, 9 September 2017:  With record investment deals and projects portfolio, Al Marjan Island the leading master developer in Ras Al Khaimah was named platinum sponsor of Cityscape Global 2017 which runs from 11th to 13th September at Dubai International Convention and Exhibition Centre. Through its participation at the exhibition, Al Marjan Island will continue to raise Ras Al Khaimah’s (RAK) ......read more

    MAG PD highlights its real estate portfolio for visitors during ‘Cityscape Global 2017'

    The company contributes to Dubai's vision by providing the real estate market with a wide spectrum of real estate options  The value of the company's UAE investments reached AED 9.8 billion by the end of the first half of 2017 Dubai, UAE, September 9, 2017:  MAG Property Development (MAG PD), the property development arm of MAG Group, has announced that it will showcase five real estate projects at Cityscape Global 2017, the world-leading real estate exhibition that will take place at the Dubai World Trade Center from 11th to 13th September. Talal Moafaq Al Gaddah, ......read more

    UAE Retains No. 1 Spot as Most Appealing Real Estate Investment Country for GCC Residents

    Dubai takes top city billing in new Real Estate Barometer study commissioned by YouGov for Cityscape Global Dubai, UAE; 9 September 2017:  The UAE has retained its number one position as the most appealing country to invest in real estate in the world for GCC residents, while Dubai is the most preferred city, according to new research. The latest Real Estate Barometer study, conducted in partnership between YouGov and Cityscape Global, asked GCC home buyers and real estate investors where they feel most comfortable investing their money globally and 45% of respondents cited the ......read more

    Instant Cash Back with Stadium

    Spend 500 AED in store at Stadium and only pay 350 AED Dubai, UAE, 9 September, 2017:  Refresh your sports and lifestyle wardrobe at Stadium and be rewarded instantly. From 31 August to 12 September, shoppers spending 500 AED or more in participating Stadium can redeem 150 AED instantly.   This offer is only valid in the following stores: Dubai Mall, Dubai Festival City, BurJuman, City Centre Deira, Abu Dhabi Marina Mall, Yas Mall, Mushrif Mall and Deerfields.  ...read more

    Real Estate Developers Offer Range of Exclusive Deals for Investors at Cityscape Global

    Middle East’s largest real estate event returns with on-site sales for the first time and a host of special offers    Dubai, UAE; 7 September 2017:  Cityscape Global returns to Dubai World Trade Centre next week and scores of real estate developers are busy prepping for what is the biggest property event in the region.    This year sees the introduction of on-site sales for all UAE projects, which means visitors will be able to compare investment options in one place and make purchasing decisions right on the show room floor.   With up to ......read more

    MENA Hotels Expands with Dubai Debut Opening MENA Plaza Albarsha Dubai

    Saudi-based hospitality and entertainment group Al Hokair has announced the expansion of MENA Hotels in the UAE with the opening of MENA Plaza Albarsha Dubai. The official ceremony was held last evening in the presence of Mr Majed Al Hokair, Vice Chairman of the Board of Al Hokair Group. Founded in 2008 by Al Hokair Group, MENA Hotels currently boasts a portfolio of eight projects including five in Saudi Arabia, two in Jordan and one in the UAE. Making the announcement, Mr Sami Al Hokair, CEO and Co-Founder of MENA Hotels, stated, “We are delighted to debut MENA Hotels that is a ......read more

    Falconcity of Wonders to participate in the 16th edition of Cityscape Global

    September 7, 2017 - The Dubai Land Department’s annual report for 2016 underscores the huge success of Dubai in particular in attracting property investors, registering a total of 60,595 real estate transactions collectively worth over AED 259 billion. Falconcity of Wonders LLC will showcase the latest developments within its Falconcity of Wonders (FCW) multipurpose mega project during the 16th edition of Cityscape Global, the largest networking exhibition and conference dedicated to the real estate trade running from September 11 to 13, 2017 at the Dubai World Trade Centre. FCW ......read more

    DAMAC Properties Awards 370 Contracts Valued at AED 3.5 Billion so far in 2017

    DAMAC Hills master community advances; Over 50 percent of contracts awarded for its AKOYA Oxygen development  Dubai, United Arab Emirates – 6 September 2017:  DAMAC Properties, a leading luxury real estate developer in the region, announced it has awarded more than 370 contracts worth AED 3.5 billion since January 2017. The contracts included construction, supplier and consultancy services across its portfolio of developments.  The bulk of contracts awarded this year have been for DAMAC’s largest master golf community, AKOYA Oxygen, with major construction ......read more

    Check out the kaleidoscopic art installation at The Dubai Mall

    Dubai, UAE, September 6, 2017:  The Dubai Mall is now home to an incredible art installation, by Mexican artist, Gabriel Dawe. Centred around the exploration of textiles, Dawe’s ‘Plexus’ installation at The Dubai Mall considers the correlation between fashion and architecture, through exploring the diversity of sewing thread as a medium for his works.  Constructed entirely from coloured thread, the installation is a representation of combining two forms of shelter which humankind requires, the need for clothing and a physical home, to create a delicate and ......read more

    Calling all artists: TRYANO presents Bespoke Abu Dhabi in Partnership with Abu Dhabi Tourism & Cultural Authority

    The initiative invites local artists to showcase their talents through re-imagining TRYANO’s iconic nutcracker and be featured in the brand’s festive season campaign. Abu Dhabi, UAE, September 5, 2017:  TRYANO, Abu Dhabi’s homegrown premium department store, is inviting artists to join Bespoke Abu Dhabi – an initiative that supports arts and creativity in the local community. In partnership with Abu Dhabi Tourism & Cultural Authority (TCA Abu Dhabi), the initiative will allow local emerging artists to showcase their talents through re-imagining the ......read more

    Swarovski Opens a New Boutique at the Red Sea Mall, Jeddah

    September 4, 2017:  When heritage meets craftsmanship, it results in Swarovski’s unsurpassed ability to renew itself in the utmost respect of its brand DNA. Crystal cutting expert, master of light and sparkle, glamour booster, Swarovski adds its fashion signature to make every day extraordinary and permit women to express their personality through inspired accessories, from day to night. To best encounter its collections, Swarovski invites women to live a real experience in its 2500 stores worldwide. An experience which is now possible in Jeddah at the Red Sea Mall, in a ......read more

    Al Wahda Mall welcomes lifestyle brands NYX, Victoria's Secret and MUJI

    NYX Professional Makeup opens its first standalone boutique store in the region; the second store for Victoria’s Secret offering a full assortment of lingerie, sleepwear and fragrances; and MUJI, the Japanese retailer with a wide range of smart lifestyle products, including apparel & home goods Al Wahda Mall, sprawling across 3.3 million square feet with over 350 brands including fashion, beauty, entertainment, food, supermarkets and more welcomes three popular brands to the mall Al Wahda Mall is located in Abu Dhabi Abu Dhabi, United Arab Emirates, September 04, 2017: ......read more

    Al-Futtaim ACE launches its on-trend outdoor collection

    Dubai, UAE, September 4, 2017:   With the outdoor season just ahead, preparing your outside space has never been easier with the launch of an exciting range at Al-Futtaim ACE.  Whether it is alfresco dining, barbeque parties, camping, picnics, gardening or celebrating the festive season, the collection includes some brand new and exclusive products that are on-trend, great quality and good value for money.  The Al-Futtaim ACE outdoor collection features an extensive range of products from outdoor furniture, barbeques, lawn mowers, swings, camping accessories and gardening ......read more

    Get Lucky and Win a Maserati Quattroporte GTS at Paris Gallery

    Dubai, UAE, September 3, 2017:  Someone's going to get lucky this September at Paris Gallery! The luxury retailer is calling all perfume lovers to an ultra-luxurious giveaway. One lucky customer will drive home a Maserati Quattroporte GTS. The chance to win this coveted car is open to anyone purchasing perfumes worth AED 500 or more from one of these three brands: Versace, Missoni and Moschino. The month-long offer will run from September 1st to the 30th at all Paris Gallery stores in the UAE. Paris Gallery, the perfect destination for gifting, caters to the desires of the most ......read more

    Dubai real estate brokers earn AED 820 million in six months

    Dubai, United Arab Emirates, 29 August 2017:  Dubai Land Department (DLD) has announced that over AED 820 million worth of brokerage commissions were made in Dubai’s real estate market between the beginning of January 2017 and the end of June this year. Yousuf Al Hashimi, Deputy Executive Director of RERA – the regulatory arm of DLD – commented: "Brokers play an essential role in our sector, representing the forefront of real estate activity, acting as a very important link between sellers and buyers, and also offering a wide range of services for investors. Our ......read more

    Paris Gallery's Gifting Selection for Eid

    It's that time of the year to shower your loved ones with the finest gifts.  Look no further than Paris Gallery for the latest in luxury perfumes, timeless timepieces and in-vogue accessories for Him & Her. ...read more

    Cityland Mall eyes strong retail portfolio with ‘McARTHUR + COMPANY' on board as mall operator

    Dubai, United Arab Emirates (August 28, 2017):  Cityland Group - developer of Cityland Mall, UAE’s first nature-inspired mall scheduled for launch in 2018 - has announced the appointment of Dubai-based McARTHUR + COMPANY as operators of the 1.2 million sq. ft. GLA mall project. The property that is currently under construction is located adjacent to Global Village and will be in close proximity to residential communities in Arabian Ranches, Majan, Al Barari, Layan, and Falcon City amongst many others.  McARTHUR + COMPANY, one of the world’s leading shopping centre ......read more

    Abu Dhabi Fund for Development Celebrates Emirati Women's Day with Expert-led Seminar

    His Excellency Mohammed Saif Al Suwaidi: “The UAE’s wise leadership drives the country’s progress with its gender equality strategy” Panellists at thought-session include prominent Emirati women influencers across industries: Her Excellency Dr Mouza Obaid Ghanim Ghubash and Dr Maryam Matar Abu Dhabi-UAE: 28 August, 2017:  Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, celebrated the third annual Emirati Women’s Day, themed ‘Women are Partners in Giving’, with an inspirational seminar, to coincide ......read more

    LXA Announces the Completion of La Perle's Atrium and VIP Areas

    28 August 2017, Dubai UAE:  LXA, the award-winning hospitality interior design consultancy based in London and Dubai, is proud to confirm the completion of its work at Al Habtoor City, which includes La Perle, the upcoming aquatic theatre show by Franco Dragone. Envisioned as the vibrant dining and entertainment epicentre of Al Habtoor City, the integrated development is the largest single-phase development in the Middle East, within which LXA has designed the areas and the main lobby space associated with the theatre, plus traditional British pub, the Rose & Crown. The show La Perle ......read more

    Back to School with Stadium.

    Get your kids kitted out for school at Stadium Shoppers spending 250AED on Back to School products receive a free Umbro backpack Dubai, UAE, 27 August, 2017:  Looking for the latest sportswear for Back to School? Look no further than Stadium. Not only does it have all the best sports brands under one roof, but before 31 August, shoppers spending 250AED on Back to School products will receive a free Umbro backpack.   You’ll love our selection! The Adidas Young Boys Base Polo (AED 125) is designed with a polo neck for comfortable everyday wear, and your kid will ......read more

    SCCI launches Sharjah Summer Grand Discounts and offers up to 80% reductions for Shoppers before Eid

    Sharjah, August 27, 2017:  Sharjah Chamber of Commerce and Industry has announced its Sharjah Summer Grand Discounts campaign,which is scheduled to be launched this Tuesday in the Emirate. SCCI is conducting the campaign for the first time as part of the Sharjah Summer Offers activities. The campaign includes unprecedented discounts of up to 80% on top brands and various products and goods. All stores in Sharjah’s malls and shopping centers will take part in the campaign, which will continue for three consecutive days, concluding activities at night on Thursday August 31st. The ......read more

    Hotelier Summit North Africa to explore innovative technologies for the hospitality sector

    The Summit will highlight specific ground-breaking technologies as 3D Printing, BIM Technology, Bio Mimicry and Pre-fabricated Modules among many others Dubai, UAE, August 24, 2017:  With a surge in technological innovations surrounding the real estate and hospitality sector, the 2017 edition of Hotelier Summit Africa (North) will feature cutting-edge technology solutions to improve the productivity of the industry players.  To be held from October 4th-6th, 2017 in Mazagan Beach & Golf Resort in Morocco, the mega-event will highlight specific ground-breaking technologies ......read more

    Emirates REIT reports 31% rise in net rental income and 67% growth in funds from operations in H1 2017

    H1 Highlights 31% growth in net rental income to USD 21.5m (1H 2016: USD 16.4m) Strong rental income conversion lead to 67% growth in funds from operations (“FFO”), now USD 8.3m Current annualized rent passed AED 200 million mark Phase 1 of the British Columbia Canadian School is being delivered. Opening pending authority inspections. Owner fit out and leasing under way at Index Mall Pursuing acquisition opportunities in the current market environment Dubai – 24 August 2017:  Emirates REIT (CEIC) Limited (“Emirates REIT” or the ......read more

    Abu Dhabi Fund for Development Pledges Financial Contribution to Dar Zayed for Family Care

    Abu Dhabi-UAE: 23 August, 2017:  Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, today announced a financial endowment to Dar Zayed for Family Care. Within the framework of the Fund’s 2017 corporate social responsibility (CSR) agenda, the monetary aid will empower the UAE society through community development efforts.   Held at ADFD’s headquarters, the cheque handing over ceremony was attended by Khalifa Al Qubaisi, Deputy Director General of ADFD, and Nabil Al Dhaheri, Director General of Dar Zayed for Family Care. Enabling ......read more

    Win big with back to school at The Dubai Mall

    Dubai, UAE, August 23, 2017:  The countdown is on until school goes back, and The Dubai Mall is making things a little bit sweeter for parents with a chance to win a year’s worth of school tuition fees!  Simply spend any amount at The Dubai Mall’s more than 1,200 retailers and 200 F&B outlets, visit a Guest Services desk throughout the mall and enter for a change to win big.  There are four prizes worth up to AED 50,000* each up for grabs, so don’t miss your chance to enter before Saturday, August 26, 2017.  There’s also more than 40 ......read more

    The Mall at World Trade Center Abu Dhabi announces its biggest surprise for Eid Al Adha

    Famous Arabic singer and actor Hamada Helal to give an enjoyable performance to kids at Eid Al Adha Carnival Abu Dhabi, 23 August 2016:  Famous and loved Arabic singer and actor Hamada Helal is confirmed to give an enjoyable performance with his famous kids’ songs at the first day of Eid Al Adha. The announcement was made today by The Mall at World Trade Centre Abu Dhabi (WTCAD), as part of its Eid Carnival celebrations. The Mall at WTCAD has announced earlier that it’s hosting the biggest first of its kind Eid Carnival during the three days of Eid Al Adha, from ......read more

    SOUQ.com – Your one stop shop for all back to school essentials with up to 60% off

    20th August 2017, Dubai, U.A.E.:  With soaring temperatures and busy lifestyles, SOUQ.com is enabling parents to conveniently shop all ‘Back to School’ essentials at click of a button and have the products delivered to their doorstep.  Offering exciting discounts up to 60% off on ‘Back-to-School’ collection, SOUQ.com promises to be your one-stop shop for all school requisites. From school bags, stationary, uniforms, daily kitchen essentials, hygiene products, lunch items to study room furniture, printers and scanners, SOUQ.com is offering all this and much ......read more

    The Mall at World Trade Center Abu Dhabi Reveals Spectacular 3 days Carnival Extravaganza for Eid Al Adha

    For the first time ever in the capital 3 Days of Extravagant Eid Carnival at The Mall from 1-3 September  World’s famous kids circus coming all the way from Italy to entertain guests  Dazzling roaming shows and entertainment acts every half an hour  Bigger surprise is to be announced next week as part of the Eid Carnival Abu Dhabi, 20 August 2017:  An unforgettable experience awaits visitors at The Mall at World Trade Center Abu Dhabi (The Mall at WTCAD) this Eid, as The Mall invites friends and families of all ages to celebrate Eid Al Adha with a ......read more

    Abu Dhabi Fund for Development Drives 18 Sustainable Development Projects in Afghanistan Worth AED1.2 Billion

    His Excellency Mohammed Saif Al Suwaidi: “Our wise leadership is keen to continuously develop UAE-Afghanistan bilateral relations” ADFD’s development funding in Afghanistan underpins growth for agriculture, housing, energy, transport, industry and health sectors as well as social services  Abu Dhabi-UAE: 19 August, 2017:  Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the Government of Afghanistan, enjoy long-standing ties of cooperation dating back to 1977. Cordial relations between the two sides continue to ......read more

    Dubai Economy and Paris Gallery inaugurate the Consumer Happiness Counter

    Dubai, UAE, August 19, 2017:  Dubai Economy and Paris Gallery, the leading luxury retailer in the region, opened the 'Consumer Happiness Counter' at Paris Gallery's largest store in The Dubai Mall. Mr. Mohammed Abdul Rahim Al Fahim, CEO of Paris Gallery Group of Companies, in the presence of Mr. Mohammad Ali Rashed Lootah, CEO, Commercial Compliance & Consumer Protection sector in Dubai Economy, and senior officials from both sides, inaugurated the counter.  Launched by Dubai Economy, the initiative is in line with the vision of HH Sheikh Mohammed Bin Rashid Al ......read more

    Get Ready to Go Back-to-School with Dubai Festival City

    Dubai Festival City simplifies the back to school season by offering a one stop destination for your favourite back to school essentials   Dubai, UAE, 16 August 2017:  Dubai Festival City is offering a wide range of back-to-school promotions to ensure that your kids will look their best for the school year ahead at; Sacoor Brothers, Marks & Spencer and GAP, and stock up on school supplies from Borders, ACE, E-MAX and Carrefour. To get parents prepared and make it fun for the little ones, here are some of Dubai Festival City’s top tips and tricks, as well as in ......read more

    Heading back to school is better than ever at The Dubai Mall

    Shop for a chance to win a year of tuition fees, worth AED 50,000  Kids can win a Nintendo Switch with The Dubai Mall Bear Hunt  Kids eat free at over 40 selected outlets Dubai, UAE, August 16, 2017:  It’s almost back-to-school time and The Dubai Mall is helping students and parents get ready with a host of unmissable activities, pop-up stores and kids-eat-free specials, so nothing gets forgotten!    From Sunday August 13, until Saturday August 26, Star Atrium on The Ground Floor of The Dubai Mall will be home to ‘Back to School ......read more

    Al Wahda Mall Celebrates Woman-Power with its ‘Her Tuesdays' activation

    Al Wahda Mall, Abu Dhabi, offers ladies an exclusive shop-till-you-drop offer from 7th March 2017 to 27th February, 2018, 10:00am-3:00pm Ladies can shop for AED 200 minimum and be part of a monthly raffle coupon and stand a chance to win AED 5,000 worth shopping vouchers  Women enjoy in-store deals from 10:00am to 3:00pm every Tuesday apart from the raffle draw till the end of the promotion period Abu Dhabi, United Arab Emirates, August 15, 2017:  Al Wahda Mall, an Iconic landmark & favorite shopping destination located in the heart of Abu Dhabi city, is running its ......read more

    Danube delivers Dh350 million Glitz I and Glitz II at Dubai Studio City

    Dubai-based property developer gets ready to hand over 302 sold-out units to customers this month – within two years of the launch of the affordable luxury homes to customers Dubai, August 15, 2017:   Danube Properties, which launched eight projects in three years with a combined development value exceeding Dh3 billion, announces the completion of the Dh350 million – Glitz Residence I and II projects – within two years of the sales launch. Owners of all the 302 sold-out units will soon start taking deliveries of their units as Danube prepares to welcome its ......read more

    57% of SGI Dubai 2018 show already sold off

    Industry growing at a steady rate to reach $54 billion in 2022 Dubai, UAE, August 15th, 2017: International Expo Consults (IEC) part of Falak Holding, announced that the SGI Dubai 2018 show is 57 percent sold out almost 5 months prior to the show. The 21st edition of this premier sign, graphic and imaging industry event will be held from January 14th to 16th at the Dubai World Trade Centre (DWTC). The 2017 edition of the show welcomed over 400 global exhibitors from across 36 countries spread over 22,000m2 and registered over 40 new exhibitors. The 2018 edition of the show will be by ......read more

    Shortlist Revealed for Coveted Cityscape Awards for Emerging Markets

    Organisers confirm highest number of submissions received in Awards history; projects selected from across the world represent best in architectural design   Dubai, UAE; 15 August 2017:  The shortlist for the Cityscape Awards for Emerging Markets has been revealed, announcing the best real estate and architecture innovators behind some of the world’s most renowned new projects.    With more than 300 submissions received – the highest in the Awards’ history – a total of 45 projects have been selected by an independent panel of experts. ......read more

    Dubai Land Department's ‘Ejari' smart application protects the right of all parties

    Dubai, United Arab Emirates, 14 August 2017:  Dubai Land Department (DLD) has announced that further updates and upgrades have been made to its innovative ‘Ejari’ smart application, which was launched primarily to protect the rights of landlords, tenants and property management companies. The application has proven to be highly effective and user-friendly, reducing the cost and time required to complete a variety lease management processes.  Mohammed Yahya, Deputy Executive Director of Rental Affairs Sector at DLD, commented: "Since its launch, the ......read more

    Win prizes worth over AED 2million with Al-Futtaim's retail brands

    Dubai, August 14, 2017:  Dubai Summer Surprises may be over, but for those of you who didn’t get your shopping fill, Al-Futtaim’s retail brands have got you covered.    From August 23 until September 22, over 30 Al-Futtaim brands will be coming together to collaborate for the first time ever on an exciting promotion across all their UAE stores.    With over AED 2million in prizes on offer from IKEA, Al-Futtaim ACE, Marks & Spencer, Guess, Robinsons, Ted Baker, Plug ins, Toys “R” Us, Reebok, Stadium and many more top shopping ......read more

    AED 21 Billion Worth of Dubai Real Estate Projects Launched Since the Beginning of 2017

    Completion of 535 projects in Dubai has reinforced investor confidence in the real estate market Dubai, UAE, 12 August 2017: Dubai Land Department (DLD) has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017. DLD has also confirmed that 68 real estate projects were registered during H1 2017, representing a value of AED 21 billion. His Excellency Sultan Butti bin Mejren, Director General of DLD, commented: “Dubai is currently witnessing increasing interest from international investors, which has reinforced confidence in our ......read more

    Oasis Mall Brings Solar System to Life with Kids' Planetarium

    Dubai-UAE: 10 August, 2017:  This summer, Oasis Mall will give every child the chance to become a space explorer at its very own planetarium. From 9 to 26 August, the first mall planetarium in Dubai, located at the ground floor atrium, will screen short movies about the wonders of the universe, including a film on the Emirates Mars Mission. Kids aged five to 17 can immerse themselves in the depths of outer space and learn fascinating facts about galaxies far, far away – all from the comfort of their bean bags for a nominal ticket price. The 20-minute entertaining and ......read more

    $629BN Worth of UAE Construction Projects Push FM Market to Record High

    UAE facilities management industry market hits $12.49bn record high. FM EXPO 2017 (25 – 27 September) will pursue the challenges and solutions faced by the facilities management industry throughout UAE building boom. Dubai, UAE, 10 August:  The market size of the UAE facilities management industry will hit an all-time high of $12.49bn in 2017, according to FM EXPO 2017’s research partner TechSci Research.   One of the main driving forces behind this rise in value is an estimated $629bn worth of UAE based construction contracts. Expected to be completed by ......read more

    Laurent A. Voivenel, SVP Operations & Development For Swiss-Belhotel International On Advisory Council for 2017 HITEC Dubai

    Laurent A. Voivenel, Senior Vice President, Operations and Development for the Middle East, Africa and India, Swiss-Belhotel International, participated last evening in the kick-off meeting of the advisory council for 2017 HITEC Dubai. The objective behind the high level meeting was to define and outline an agenda for HITEC Dubai based on the rapid innovations in technology and the specific needs of the Middle East region, especially Dubai, in order to keep up with the expectations of international travellers. The advisory council for the mega event also includes representatives from leading ......read more

    UPC enhances guidelines for world-class public realms in Abu Dhabi

    Public Realm Design Manual (PRDM) version 2.0 offers best practice guidelines and criteria to ensure the highest quality of public spaces for Abu Dhabi communities ABU DHABI, 9th August, 2017:  The Abu Dhabi Urban Planning Council (UPC) has launched its revamped Public Realm Design Manual (PRDM) to ensure people living in the Emirate have convenient access to community facilities, such as parks and waterfronts. The PRDM - originally commissioned in 2011 to guide the development of a world-class public realm - is used by municipalities, agencies, designers and developers, as a ......read more

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