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    Featured in Real Estate
    Dubai Festival City Mall Adds ‘Festival Wheel' To the Dubai Creek Skyline

    One of the most photographed vistas in Dubai, now includes popular attraction offering unparalleled views Dubai, UAE, 18 December 2017:  Dubai Festival City Mall has announced a spectacular new attraction - the Festival Wheel, has arrived on Festival Bay for thousands of visitors to enjoy year round. Dominating the Dubai Creek skyline, the new Festival Wheel with 30 capsules and standing 40 metres high, offers its visitor’s spectacular views of the city.  Open seven days a week from 2pm to mall closing, the Festival Wheel is an ideal family attraction. With clear sight across the creek during the day, a stunning sunset and a view that transforms in the evening with the record-breaking show IMAGINE, it is set to be one of the most popular spots in Dubai.   According to Steven Cleaver - Director, ......read more

    Cityland Mall's leasing programme gets major boost with addition of leading fashion retailer Matalan

    Dubai, United Arab Emirates (December 17, 2017):  Cityland Group – developer of Cityland Mall, UAE’s first nature-inspired mall scheduled for launch in 2018 – today announced further progress in its leasing arrangements by signing up Matalan which is one of the leading fashion and lifestyle retailers across the globe. Founded in 1985, Matalan, the specialist retailer in fashion and homeware will occupy 26,318 sq.ft location at Cityland Mall offering the latest clothing for ladies, men & kids along with an eclectic range of homeware items at affordable prices. With the mission of providing the best in fashion at outstanding values for modern families, Matalan is all set to be a prime shopping destination in Cityland Mall.  Fahimuddin Sharfuddin, Chief Executive Officer and Board Member, Cityland ......read more

    ADSIC Organizes Abu Dhabi Spatial Data Infrastructure 2017 Forum

    Attended by over 100 employees from 75 government bodies Abu Dhabi, UAE, 17 December 2017 -  Abu Dhabi Systems and Information Centre (ADSIC), the government agency in charge of Abu Dhabi’s ICT agenda, recently organized the annual Abu Dhabi Spatial Data Infrastructure (AD-SDI) Forum at the Etihad Towers.  Attended by over 100 employees from 75 government bodies, the forum marked and celebrated the 10th Anniversary of the launch of the AD-SDI Programme, and highlighted the progress made over the last decade, the major initiatives launched, and the critical role spatial data plays in empowering the Abu Dhabi Government and community to access updated, quality geographic information and data. The Forum also gave attendees from the AD-SDI community the opportunity to discuss the new AD-SDI strategic plan 2017 ......read more

    DAMAC Properties' Dubai Shopping Festival Car Promotion Back with Tesla Guaranteed

    Buy a dream home and drive away in a dream car Dubai, United Arab Emirates – 17 December 2017:   This Dubai Shopping Festival (DSF) DAMAC Properties is offering a brand new Tesla with the purchase of select units from DAMAC’s vast portfolio of luxury villas and apartments. For every qualifying purchase throughout DSF, running from December 26, 2017 till January 27, 2018, customers will drive away in the latest eco-friendly vehicle to hit the UAE.   Niall McLoughlin, Senior Vice President, DAMAC Properties said: “We’re delighted to participate in DSF again, and offer investors a unique opportunity to experience  luxury with DAMAC, and drive away in a luxury car that one desires to own. As a long-standing supporter of DSF, every year we strive to appeal to visitors and residents of ......read more

    ISNR Abu Dhabi 2018 to Examine Role of Artificial Intelligence in Homeland Security in Line with UAE Leadership's Vision

    Artificial intelligence to form essential component of Infosecurity Middle East, ME3S, collocated forums  AI has potential to transform national security technology, says US study Abu Dhabi-UAE: 17 December, 2017 –  Reed Exhibitions, the leading global event organiser, today confirmed that in line with the UAE leadership’s vision, artificial intelligence (AI) will form an important underlying component of the eighth edition of the International Exhibition for National Security and Resilience (ISNR Abu Dhabi 2018).     The latest trends in AI and its application in homeland security will be among the key topics of the Critical Infrastructure Protection and Future of Policing forums, as well as the second editions of the exhibition’s two collocated events – Infosecurity ......read more

    Interpipe Supplies a Million Tons of Pipe Products to the Middle East

    Dubai, the United Arab Emirates, December 17, 2017 –  Interpipe, a leading global steel pipe and railway wheel producer, has reached a key milestone in its Middle East operations, with over a million tons of pipe products delivered to its various customers in the region over the past decade. The company's milestone coincides with the 10th anniversary celebration of its Dubai office. Regional customers and partners attended the reception, where an awards ceremony was held to celebrate Interpipe’s strong ties and successful cooperation with its strategic partners in the region. The company also summed up the results of a ten-year development, and discussed further cooperation with its partners. Since 2007, the company has made significant investments in its production facilities, including developing and ......read more

    ‘Be There' at The Dubai Mall this festive season and join in the Winter Celebrations, with a chance to ‘Be Lucky' and win big

    Dubai, UAE, December 14, 2017:  ‘Be There’ at The Dubai Mall this winter, the flagship retail and entertainment destination of Emaar Malls in the heart of Dubai. Celebrating the season’s festive cheer, The Dubai Mall has unveiled its winter campaign that offers something for everyone, and enough reason to visit with family and friends.  The Dubai Mall’s contemporary take on the Nutcracker will delight young and old alike. Activities and entertainment include a festive photo booth, a digital graffiti wall where you can create your own nutcracker soldier, festive greeting booth, photo opportunity spaces and live ballet Nutcracker mini-shows. A number of retailers at the world’s largest and most-visited retail and entertainment destination are also joining in the celebration with magical window ......read more

    Bee'ah achieves important milestone towards the completion of revolutionary headquarters

    Topping out ceremony held in the presence of senior officials Net-zero building to showcase new standards in sustainable architecture State-of-the-art Tesla Powerpack to supplement energy requirements Sharjah, United Arab Emirates, December 11, 2017:  Bee’ah, the Sharjah-based award-winning environmental management company, has made great headway in the construction of its iconic new headquarters. The company commemorated the completion of the highest point of the structure, with a topping out ceremony held on Sunday, 10th of December, at the location of the site in Al Saj’ah.    HE Salim Al Owais, Chairman of Bee'ah; Patrik Schumacher, Principal of Zaha Hadid Architects; and Edmund Mahabir, Managing Director of Al Futtaim Carillion, signed a special concrete panel at the topmost ......read more

    Mutual Recognition: DPM Launches Engineer Registration System

    The new system is a comprehensive directory of all Abu Dhabi engineers who have met high standards of professionalism within the industry. Abu Dhabi, December 10 2017:  The Department of Urban Planning and Municipalities (DPM) today announced the launch of its new registration system for all engineers in Abu Dhabi. Upon DPM approval, they will get an official card that will certify them to work across Abu Dhabi. In line with the Abu Dhabi Plan, the integrated digital system ensures mutual recognition of all qualifications listed for every engineer. This streamlined process will provide the DPM with a pool of certified engineers permitted to work across the Emirate. The aim is to regulate standards, principles and best practice in the profession, and ensure only registered engineers with approved academic ......read more

    Four Fireworks Displays at Dubai Festival City Mall To Ring in the New Year

    Audiences set to be wowed at free event on Festival Bay to celebrate the New Year Dubai, UAE, 10th December 2017:  To celebrate the new year, Dubai Festival City Mall has announced a spectacular schedule of events which includes live musical performances, exciting shows from their global attraction IMAGINE and four firework displays throughout the evening.  The free entertainment at Dubai Festival City Mall will kick off from 7 pm. Festival Bay will then light up with fireworks at 9pm, 10pm and 11pm and a grand finale firework display at midnight to welcome in the New Year.  Visitors can make the most of the evening on Festival Bay by dining at any of its popular waterfront restaurants including: Eataly, Serendipity 3, Cheesecake Factory, Nando’s, Turkish Village, Joe’s Crab Shack, Sugar Factory,  ......read more

    ‘Ejari' smart app protects the rights of all parties

    Continuous promotion of the application stresses transparency in the real estate sector and enhanced user productivity Dubai, United Arab Emirates, 9th December 2017:  The ‘Ejari’ smart application developed by Dubai Land Department (DLD) protects the rights of all parties in the real estate sector including owners, tenants and property management companies. Following new upgrades introduced by DLD, the application has gained an even higher level of efficiency in enhancing user productivity, reducing the cost and time required to complete lease registrations, and most importantly, consolidating transparency in Dubai’s real estate sector. Mohamed Yahya, Deputy Executive Director of the Rental Affairs Sector at DLD, commented: “The “Ejari’ application has significantly increased the ......read more

    Over 200 developers across India participate in CREDAI's Indian Property Show

    14 states and 60 cities across India   The free-to-attend exhibition will be held on 7th, 8th & 9th December in Halls 7 & 8, Dubai World Trade Center Tempting offers for on spot purchase, flat discounts, free home through lucky draw, and complimentary tickets to global destinations including India. Indian property price growth predicted to rise to as high as 30% per annum Indian real-estate contribution to GDP projected to increase to nearly 13% by 2025 from 6.3% now December 7, 2017; Dubai, UAE:  More than 200 Indian property developers across 14 states and 60 cities assembled at the CREDAI’s Indian Property Show that opened to public today. The popular exhibition, featuring thousands of residential and commercial projects, has sparked further interest among property buyers following the ......read more

    Indian realty in revival mode, says industry expert

     Market has clocked a sales growth of 28 per cent post-demonetization as per latest study Prestige Group ‘Buy now, pay later’ offer to attract NRI consumers 6th December, 2017, Dubai - UAE:  The realty market in India seems to have shaken off the impact of demonetization by registering sales growth and now showing signs of revival. Optimistic on the growth of the affordable and premium segment properties, while seeing consolidation in the luxury segment, market stability has returned while buyer sentiment is upbeat because of the trust wave generated by the implementation of RERA.   To cater to the renewed interest and buyer’s demand, Prestige Group, one of India’s largest and most sought after property developers is presenting a special offer of “Own now, pay later” ......read more

    South Indian developers to have major participation at CREDAI's Indian Property Show

    Over 80 reputed builders from Kerala, Karnataka, Tamilnadu, Andhra Pradesh and Telangana to feature budget to super luxury properties Over 200 developers from across India to showcase Best of India at the exhibition from 7th- 9th December at Dubai World Trade Center, Hall 7 and 8 For the first time, the property show will feature a “Consumer Grievance Redressal Forum” at the venue 04 December, 2017; Dubai, UAE:  The CREDAI’s Indian Property Show slated for this weekend will see a huge participation from South Indian developers. With about 200 reputed RERA approved builders from across India, more than 80 would be from the South Indian states of Kerala, Karnataka, Telangana, Andhra Pradesh and Tamilnadu. In a brand new format, the exhibition will feature 14 state-wise pavilions, showcasing thousands ......read more

    Booming hospitality sector driving demand for cutting edge lighting design across the region

    Light Middle East showcases leading global brands eyeing future growth in lucrative regional market Dubai, UAE, December 4, 2017:   The booming hospitality sector in the UAe,, has become one of the chief drivers behind the rise in demand for top of the range lighting design, as can be seen from the trends leading up to Light Middle East 2017, the region's premium international showcase for lighting design and technology. Research firm STR reports that there are currently 99 hotels under development in the UAE, the highest in the Middle East, which represents 17 per cent of the 556 regional properties that are either under construction or in the planning stages. Once completed, these hotels will boost the country’s supply by another 28,898 rooms, with Dubai alone looking to reach a total of 134,000 hotel ......read more

    Vincitore Real Estate Development hands over flagship Vincitore Palacio residences in Style

    Dubai first Quality Residences with Quality Control by TUV Nord blends strategic location, opulent architecture & high end amenities Dubai, UAE, December 03, 2017:  Vincitore Real Estate Development, Dubai’s first quality branded real estate developer, has officially handed over its flagship Vincitore Palacio residential project to its owners during a ceremony graced by several dignitaries. The event marked a major milestone in the developer’s ongoing efforts to deliver properties embodying its promise of ‘Quality Real Estate at Value Par Excellence.’ The handover was presided by Vijay Doshi, Founder and Managing Director of Vincitore Real Estate Development Group, who was accompanied by his wife, Kavita Doshi. Mr. Doshi personally presented the apartments to their initial owners. To celebrate ......read more

    Danube celebrates the mantra of Health is Wealth

    win one gram of gold with every kilogram reduced @ Danube 3rd December, 2017; UAE:  Danube Group, UAE's largest diversified conglomerates with interests in building materials, property, construction and home furnishings joins hand with the Dubai Fitness Challenge and kick started a glittering weight loss rewarding programme for all the employees across branches from September 11th to December 10th2017. The campaign aims to encourage employees to lose weight and find time for physical activity to stay fit and healthy. As per the initiative one can win one gram of gold with every kilogram reduced and the top 3 reducers will get an additional surprise gift. Mr. Rizwan Sajan, Founder and Chairman, Danube Group said: ” A healthy lifestyle being a core part of a person's happiness and we at Danube wish that ......read more

    Technal Middle East to create awareness about fire safety regulations in the UAE

    Dubai, UAE; December 03, 2017:  Technal Middle East, a pioneer in architectural aluminium facade systems, has launched a campaign to create more awareness among UAE building contractors, consultants and specifiers about fire safety for building facades.  According to Sam Robinson, General Manager, Technal Middle East: “We have developed a guideline to help the construction industry better understand how to ensure compliance with the relevant codes and standards for fire safety of external walls on high-rise buildings. Our guideline makes understanding the fire hazards of combustible external wall materials clearer. In particular,  we focus on the EN-1364-4 fire resistance test required in the UAE. Fire resistance is determined through destructive fire testing and the EN 1364-4 fire test is one of the most ......read more

    Robinsons National Day Trunk Show

    Dubai, UAE, December 3, 2017:  In celebration of the inspiring success story of the UAE and its unity for 46 years, guided by the shrewd vision of its leaders, Robinsons, the leading fashion department store located at Dubai Festival City Mall, is taking the UAE National Day to a whole new level this year. Robinsons is proud to present a unique trunk show, bringing together the talents of local and regional designers that will be showcasing some hot off the runway and ready-to-wear couture abaya designs, jewelry and bags, all in a beautiful fusion of local and global flavors.   The Robinsons trunk show will be taking place on the 2nd of December from 4 to 5 p.m. gathering all the following talents under one roof:  Pearla: Established by Hessa and Fatma Ali Aljoker, Perla is a unique Dubai based fashion ......read more

    SOUQ Customers Enjoyed Biggest Regional Online Shopping Event in Record-Setting White Friday 2017

    SOUQ doubles number of items sold during White Friday 2017 compared to last year’s event With one million deals on offer, total number of items sold more than doubled compared to last year’s event 18 items sold per second during highest traffic time Products from over 16,000 fashion, beauty, electronics, grocery and other brands were on sale Over 70% of customers shopped through mobile devices across the region Almost half of customers paid using electronic payment methods 29th November, 2017, Dubai, United Arab Emirates:  SOUQ.com today announced that the number of items sold during White Friday 2017 more than doubled compared to last year - making it the biggest shopping event in SOUQ history. An unprecedented one million deals were on offer during the event, and 18 items were sold per second during ......read more

    Arjun Infrastructure Partners acquires Enviromena Power Systems

    Abu Dhabi, UAE; November 29, 2017 –  Enviromena Power Systems (Enviromena), a portfolio company of Masdar, Abu Dhabi Future Energy Company, has been successfully acquired by Arjun Infrastructure Partners (AIP).    AIP is a UK-based independent infrastructure investment advisory company. It partners with institutional investors, mainly pension plans, to access direct infrastructure investments.    UAE-based Enviromena develops, deploys and operates clean energy solutions throughout the MENA region. With a project footprint spanning nine countries, the company has installed more than 17,000 solar systems, representing the largest portfolio of solar rooftops in the region. The company has over 175MW worth of projects in operation and a further 500MW under construction.    Mohamed Jameel Al ......read more

    Caparol Paints showcases the new unique External Thermal Insulation Composite System at The Big 5 2017

    DUBAI- November 29, 2017:  Caparol Paints, a global leader in the paints industry, are showcasing their new unique fire resistant and super-efficient non-combustible External Thermal Insulation Composite System (ETICS) technology. The system boasts innovation, durability and longevity. The new ETICS technology was launched at the ongoing Big 5 exhibition at the Dubai World Trade Center.  ETICS technology by Caparol Paints has been designed to save energy and improve the climate inside the buildings. It substantially reduces heating and air conditioning costs by maintaining temperatures.   ETICS is a highly efficient system that ensures an improvement in energy efficiency of both old and new buildings once the technology is installed. Caparol has been at the forefront of researching and adopting new technologies ......read more

    Bawadi Mall gears up for UAE National Day celebrations

    The mall will stage a number of family-centric social, cultural and entertainment activities Dubai, United Arab Emirates, 28 November 2017:  In an endeavour to showcase the Emirati culture, customs and traditions, Bawadi Mall in Al Ain will stage a number of family-centric, social, cultural and entertainment activities as a part of their celebrations organised on the occasion of the UAE’s National Day which will run from November 29th until December 3rd. “UAE’s National Day is an important occasion to reflect back on UAE’s heart-warming culture and hospitality. On this important occasion, we extend our warmest greetings to His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler ......read more

    ME's padlock expert Godrej LocksS take giant strides in ultra-secure locks

    At Dubai’s biggest construction industry exhibition - Big5 the company to highlight a lock as unique as a DNA and Advantis – the new range of electronic locks Dubai - November 28, 2017:  Godrej Locking Solutions and Systems(LocksS), the largest padlock manufacturer in Asia and a company that has been securing homes for the last 120 years in India, today launched the world’s most secure locks Godrej Herculoc and Godrej Advantis at the Big 5 exhibition in Dubai. The Big 5 is the largest construction event in the Middle East. Godrej LocksS has been synonymous for high quality mechanical locks, over the years and have been introducing and inducting new locking technology by creating the ‘five levels of safety’ which is a unique proposition offered by any brand in the space. Herculoc is a padlock with ......read more

    The Dubai Mall celebrates UAE National Day with a host of cultural activities for the whole family

    Dubai, UAE, November 28, 2017:  UAE National Day celebrations at The Dubai Mall are not-to-be-missed, with a host of cultural activities, performances and giveaways, allowing families, friends and the community to come together to mark the ‘Spirit of the Union.’ In collaboration with the Sheikh Mohammed Centre for Cultural Understanding, Emirati hosts will welcome visitors to the Souk Atrium which will be transformed into a cultural “majilis.” Guests will be served traditional coffee and dates as they listen to stories of the UAE’s culture and heritage.  Seated beneath a stunning ‘Museum of the Moon’ visitors can learn the importance of the moon in Emirati culture. An awe-inspiring touring artwork by UK artist, Luke Jerram, ‘Museum of the Moon’ measures seven metres in ......read more

    Other Top Stories from Real Estate
     
    Thomsun Play opens the region's first connected, live experience electronics store in Sharjah

    The Group’s largest electronics outlet features a VR zone with live recording studio and free WiFi to sing and go live on social media for customers, in addition to a live cooking demo station.  SHARJAH – May 25, 2017:  Thomsun Group, a leading business conglomerate with operations in the Gulf and Indian subcontinent, has launched the region’s first connected and live experience electronics store in Sharjah. Mr. Juma Alleem, Director of National Media Council offices in Dubai and Sharjah, inaugurated the outlet in the presence of Thomsun Group Managing Directors ......read more

    Al Thuriah completes handover of Sahara Tower 4 to owners

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

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

      Developer of the Year: Majid Al Futtaim Green Hotel of the Year: Hilton Garden Inn Dubai, Mall of the Emirates Al Zahia (Phase Two), My City Centre Al Barsha, and City Centre Mirdif were among shortlisted projects United Arab Emirates, 23 May 2017:  Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, celebrated big wins at the fifth annual 2017 MENA Green Building Awards. Supported by the WorldGBC, and organised in partnership with the JordanGBC and LebanonGBC; the MENA Green Building Awards ......read more

    Embrace the value of giving this Ramadan at BurJuman

    This Ramadan shoppers can help those in need by donating clothes to Red Crescent as part of BurJuman Share and Care Campaign Celebrate the Holy Month with activities including Henna painting, calligraphy, lantern and pottery painting Dubai, United Arab Emirates, 23 May 2017:  This Ramadan, BurJuman is partnering with Red Crescent to encourage shoppers to help those in need through the BurJuman Share and Care Campaign.  Starting the first day of Ramadan and running into Eid, shoppers can help by donating clothing via easily accessible donation points.  All collected ......read more

    Ericsson and Landmark to Build Intelligent IoT Microgrid

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

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

    The House has been awarded under the category Green Residential Building as it’s the first of its kind Passive House for a hot and humid climate May 23, 2017 Dubai United Arab Emirates  The Mohammed bin Rashid Space Centre (MBRSC) Sustainable Autonomous House, the first of its kind Passive House for a hot and humid climate, won the 2017 MENA Green Building Award under the category Green Residential Building.  The 2017 MENA Green Building Awards attracted a large number of submissions from many institutions, companies, research centres and students from six ......read more

    Schon – Al Hamad Group of Companies Commence Construction on iSuites

    Ground-breaking marks the beginning of a journey to deliver 2,550 hotel apartment keys, to be managed by international hotel operators With a development value exceeding Dh3.2 billion, this is the largest single-site hotel apartment project in the Middle East and North Africa The joint venture to fast-track the development of the massive project by October 2020 – before the start of the World Expo 2020   Al Hamad Group of Companies and Schon Properties to acquire substantial stake in the new property with equity investment to fast-track the development ......read more

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

    USA, Germany, among Emirate’s top five trading partner countries as Hardware + Tools Middle East 2017 gets underway Three-day event opened by His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors, RTA   Dubai, UAE, May 22, 2017:  Dubai’s hardware and tools trade was valued at AED5.07 billion in 2016, with the USA, China, Italy, Germany, and India, the Emirate’s top five trading partner countries of construction-related equipment and machinery for the year.  According to figures released by the Dubai Customs ......read more

    The Mall, Jumeirah's Latest Retail Destination Officially Inaugurated

    The new art deco-styled Retail and Leisure complex on Jumeirah Beach Road was inaugurated by The Mall Owner Mr. Meadhad Rashed Meadhad Almheiri Dubai, UAE, May 21 2017:   Jumeirah’s largest community shopping centre, The Mall, was officially inaugurated on Monday evening, May 15th. The prestigious retail and leisure destination located on Jumeirah Beach Road, opposite The Jumeirah Beach Hotel, was inaugurated by accompanied by Mr. Meadhad Rashed Meadhad Almheiri – Owner of The Mall, accompanied by Mr. Rashid Meadhad Rashid Meadhad Almheiri - Chairman, and Ms. Nancy Nese ......read more

    Conares CEO receives DP World chairman

    DUBAI – May 16, 2017:  His Excellency Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, visited Conares headquarters and its steel production facilities in Jebel Ali Free Zone (Jafza). Mr. Bharat Bhatia, CEO of Conares received His Excellency and briefed him about the development on its expansion projects and the steel industry outlook in the UAE. “The leadership of this country has given us the opportunity to set up our steel manufacturing facilities that bring out ‘Made in UAE’ steel products. We are also happy in the support provided by JAFZA and DP ......read more

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

    The two day summit will provide unrivalled practical knowledge, designed to add real value to hospitality professionals Dubai - UAE, 16 May 2017: ‘Global Megatrends and their Effect on Middle East Hospitality’ and ‘Affordable Luxury’ will be the key topics of discussion at the Hotelier Summit Middle East on May 17th and 18th in Doha, Qatar. The two-day summit will provide unrivalled practical knowledge designed to add real value to hotel’s business operations.  The summit is organised by IDE Consulting Services, a global real estate solutions ......read more

    Green Bridge Wins MEED Quality Award Of The Year

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

    Aleris Aluminum signs an exclusive agency agreement with MJ Building Materials Trading DMCC

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

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

    Bring in the holy month with Centrepoint’s range of stylish home and fashion favourites specially designed for Ramadan nights and Eid festivities. Dubai, 16th May, 2017:  Centrepoint, the region’s largest fashion retailer, is one of the few brands to create a special Ramadan collection keeping in mind the needs of the regional customer. This year, the brand has put together a selection of fashion, kidswear, footwear, accessories, cosmetics and home décor, that will have all eyes on you. Be the Perfect Host at your Home this Ramadan The season of Ramadan brings with a ......read more

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

      - Sultan Butti bin Mejren: “The success of the UAE network supports the progress of our pioneering efforts in sustainability.” - Three sessions addressed the most important aspects of sustainability with the participation of international experts and 300 attendees.  - The event witnessed the announcement of a range of pioneering initiatives including the ‘UAE Sustainability Pioneer Award’. Dubai, United Arab Emirates, 15 May 2017: Dubai Land Department (DLD) has hosted a discussion forum on the second anniversary of the United Nations Global ......read more

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

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

    Danube Properties Redefines Affordable Housing with ‘Bayz'

    Dubai, 14 May, 2017:  Danube Properties, Dubai’s pioneers in affordable housing, has launched a new project called Bayz in Dubai’s upcoming Business Bay neighborhood. The announcement of the AED 450 million project was made at a press conference, which was addressed by Rizwan Sajan, Chairman and Founder of Danube Group in the presence of senior management as well as the media. The 29-storey Bayz tower comprises of 456 apartment units with magnificent views of the iconic Burj Khalifa and other structures such as the Marriott Marquee, the Dubai Canal, among others. Moreover, ......read more

    Amlak Releases First Quarter 2017 Results

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

    QCC Releases Updated Infrastructure Standards Guidelines

      Abu Dhabi-UAE: 13 May, 2017 – Abu Dhabi Quality and Conformity Council (QCC) has released an updated edition of the Infrastructure Standards Guidelines (ISGL) for the emirate of Abu Dhabi, following its approval by the Infrastructure and Environment Committee of Abu Dhabi Executive Council.  The updated ISGL will serve as a comprehensive guide to all entities concerned with infrastructure development in the emirate. The manual contains simplified and streamlined procedures which are designed to optimise the speed and ease for entities as they access information ......read more

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

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

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

      Al Ain, UAE, 11 May 2017: According to Dubai Chamber, Dubai is estimated to have around 717,000 sq. meters of new retail space by 2018, while Abu Dhabi is expected to see a supply of 467,000 sq. meters of new space over the same period. Industry insiders seem positive about the announcement. “Abu Dhabi is a magnificent location. Recent years have seen the emirate invest heavily in infrastructure and look for ways to diversify its economy. The government’s continuous efforts to boost varied forms of economy has seen the retail scene in the emirate develop, resulting in ......read more

    UAE's Steel Producers to Strengthen Their Market Position

    Abu Dhabi – May 9, 2017: ‘Magnet’, a UAE-based platform to discuss and disseminate insights on the steel industry, convened in Abu Dhabi to further understand the current market demand and exchange views on ongoing infrastructure development projects in the UAE.  Key industry stakeholders including Emirates Steel Industries, Hamriyah Steel, Conares, Union Iron & Steel Company, Qatar Steel in Dubai and Jindal Shadeed Iron & Steel – participated in the ‘Magnet’ session held in the UAE capital. The participants cited very positive sentiments on ......read more

    Proposed Final Dividend of USD 0.04 Per Share

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

    RAK Properties Reports Stellar First Quarter Profits

    May 08, 2017 Leading property developer posts 61 per cent increase in profits compared to last year’s first three months Ras Al Khaimah, UAE: RAK Properties PJSC, Ras Al Khaimah's largest property developer listed on the Abu Dhabi Stock Exchange, has reported increased profits during the first three months of this year, with revenues in excess of AED115 million between the months of January to March 2017. The reported Q1 2017 results reveal a 61 per cent increase in revenues when compared to the same period in 2016 – up from AED71,581,000 in 2016 to AED115,538,000 ......read more

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

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

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

    Centrepoint study shows quality time with family leads to increased happiness and encourages families to put their loved ones first.  Dubai, UAE, May 6, 2017:  The Middle East has always been a region that places high importance on family values. However, recent studies show that there is an increasing imbalance between time spent at work versus quality family time. Centrepoint, Middle East’s largest fashion retailer, conducted a survey last year that showed over 48% of respondents claimed that they do not get sufficient time with their family. This year the brand surveyed ......read more

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

    •    Agreement allows DIFC-based entities to own property registered with DLD and will significantly boost investment in the emirate’s real estate sector  •    Added benefit to regional family businesses doing private wealth and succession planning in the Centre  Dubai-UAE: 6 May 2017 – Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) to allow entities based in the ......read more

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

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

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

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

    AquaBlade® flushing technology sets new standards in toilet hygiene

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

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

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

    QCC Endorses First Batch of Quality Partner Programme Affiliates

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

    Arab Traffic Week 2017 at Dalma Mall

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

    EMKAAN Unveils Architectural Formula for Health and Happiness

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

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

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

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

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

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

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

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

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

    Marks & Spencer Drives Emiratization Engagement Initiative Through Unique Store Takeover

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

    Paris Gallery Celebrates 20 years of Retail Excellence with BIG Discounts

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

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

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

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

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

    HMH Appoints a New CEO

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

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

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

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

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

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

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

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

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

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

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

    Asteco signs first master franchise in Saudi Arabia

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

    H.H. Sheikh Ahmed lays foundation stone of Silicon Mall at Dubai Silicon Oasis

    New shopping mall expands over 2.3 million square feet and comprises 300 shops and a family entertainment centre Dhs. 1 billion project to be ready for Expo2020 Dubai-UAE: 19 April, 2017 - His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, today unveiled the commemorative plaque and laid the foundation stone for Silicon Mall, the new 2.3 million square feet shopping mall by the LuLu Group International (LuLu Group), one of the top retailers in the ......read more

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