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    Featured in Real Estate
    Dubai Land Department showcases its ‘Investment Map' and ‘Real Estate Promotion Trustee' initiatives on the first day of Dubai Property Show in Shanghai

    25 local real estate companies promote Dubai as an attractive investment hub for China Dubai Land Department presents its latest technologies and projects to highlight its leading services in the real estate sector Dubai - United Arab Emirates, March 23, 2017:  Dubai Land Department (DLD) highlighted several of its pioneering initiatives during the first day of the Dubai Property Show in Shanghai as the strategic partner of the event, which was inaugurated today on Friday 24th March and will run for three days until Sunday 26th of this month. DLD’s participation is taking place at the Shanghai World Expo Exhibition & Convention Center under the theme ‘Dubai, your ideal investment destination’. The department’s delegation will be working to translate this theme into reality over the course of ......read more

    Dubai realty showcase in Shanghai to attract Chinese investments

    Land Department and 25 Dubai real estate companies set to participate at Dubai Property Show being held from 24th -26th March in China 21th March 2017; Dubai, UAE:  Dubai developers are all geared to showcase the best of Dubai real estate opportunities to the Chinese investors at the upcoming Dubai Property Show that will be held in Shanghai, China from 24th -26th March, 2017 at Shanghai World Expo Exhibition & Convention Center. This will be the 6th global edition of the popular exhibition which has been instrumental in promoting Dubai real estate to key investor markets which include London, Mumbai, Hongkong and now Shanghai. The exhibition is being organised by Sumansa Exhibitions in association with Dubai Land Department and will be attended by around 25 real estate companies from Dubai. Dubai Properties, Falconcity of ......read more

    IKEA Spreads Cheer on International Day of Happiness

    Nearly AED 20,000 of goodies were hand-gifted to customers in Dubai and Abu Dhabi Dubai, 20th March, 2017:  Swedish home furnishing retailer, IKEA - part of Al-Futtaim – marked International Day of Happiness this morning with a series of ‘Happiness Drops’ at Dubai Festival City as well as in-store at both its Dubai and Abu Dhabi locations.  Throughout the day IKEA chose shoppers at random and surprised them with nearly AED 20,000 of gifts to brighten their day. The activity was in recognition of the globally recognised day, designed by Action for Happiness that promotes wellbeing and progress through spreading happiness and was also in line with the Dubai Government’s drive to ensure a happy society for all its citizens.   According to new research*, practical gifts make people happier, so ......read more

    Kuwaiti real estate investment in Dubai's realty market crossed AED 2 billion in 2016

    International Property Show 2017 to provide direct retail property transactions from 2-4 April 2017; Kuwaiti Investors buoyant on real estate  Dubai, UAE, 20 March 2017:  International Property Show 2017, which will be held from 2-4 April 2017, at the Dubai World Trade Center, is expected to attract a wide range of visitors from Kuwait. This comes at a time Kuwaiti investors are more demanding realty investments in Dubai in the form of villas, apartments and offices.  In 2016, the number of Kuwaiti investors in Dubai’s real estate market has increased to reach 770 investors as the volume of their investments touched AED 2 billlion according to Dubai Land Department (DLD). At the same time, many reports issued by specialized institutions expected that the real estate market in Dubai will keep its growth in ......read more

    ACTS bags quality control, geotechnical and testing works on Qatar stadiums

    Geotechnical/Geophysical works and construction materials testing related to various facilities of the Qatar 2022 World Cup, among them Al Wakrah Stadium. Doha, Qatar; March 20, 2017:  Advanced Construction Technology Services (ACTS), the leading consulting organisation in the field of construction materials and geotechnical engineering, recently announced that it has been engaged to provide its services in connection with five World Cup stadiums and three related energy centres being built for the 2022 FIFA World Cup in Qatar. ACTS has already completed its task to conduct geophysical surveys on the Al Wakrah Stadium. In addition, ACTS has been appointed to perform various additional geotechnical and geophysical tasks along with the construction materials testing related to the same stadium. The 40,000-seater facility is ......read more

    Dubai and Washington DC-based United World Infrastructure Launches Model to Measure and Improve Happiness within Cities

    Proprietary index to help identify local and national priorities for setting development objectives Model is the First of its Kind in the Middle East and North Africa   Dubai, UAE, March 19, 2017:  To commemorate International Day of Happiness, United World Infrastructure (UWI), the Dubai- and Washington, DC-based firm, has today launched its new advisory offering that will allow it to work with cities across the Middle East and the world to measure and improve the happiness of residents. Including its proprietary ‘Happiness and Wellbeing Index’ the offering will empower city developers and municipalities with the information required to measurably improve the experience of its citizens and residents through infrastructure focused policies and development. UWI has significant experience in the ......read more

    The UAE Goes Green for Ireland's National Day

    The UAE’s iconic landmarks including Burj Al Arab, Yas Viceroy, Cayan Tower, Dubai Duty Free Tennis Stadium and InterContinental Dubai Festival City ‘go green’ for Ireland’s National Day celebrations – the biggest UAE greening ever Dubai, UAE, March 17, 2017:  Some of the world’s most iconic landmarks again went green to celebrate Ireland’s National Day as part of Tourism Ireland’s eight annual Global Greening initiative. InterContinental Dubai Festival City, Cayan Tower and Dubai Duty Free Tennis Stadium went green for the first time in 2017 and joined Burj Al Arab Jumeirah which has glowed emerald since 2011 and Yas Viceroy Hotel on Abu Dhabi’s Yas Island which joined the campaign to celebrate Ireland’s National Day in 2016, shone bright in emerald green on ......read more

    Dubai South announces the opening of Panalpina's largest logistics and manufacturing facility

    Dubai-UAE: 16 March, 2017:  The Dubai South Logistics District today witnessed the opening of Panalpina’s 40,000 sqm facility. The centre is the largest logistics and manufacturing facility globally for the Swiss-headquartered Panalpina Group, the world's leading providers of supply chain solutions.  The facility was opened in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline & Group, and Chairman, Dubai Aviation City Corporation and His Excellency Khalifa Al Zaffin, Executive Chairman, Dubai Aviation City Corporation and Dubai South. Others present at the event included Ahmed Al Ansari, Acting CEO, Dubai South, Stefan Karlen, CEO, Panalpina Group, Pascal Sieber, Panalpina Country Managing Director UAE, Mike Wilson, Global Head of Logistics and ......read more

    Dubai-based Italian creative lab SUPERFUTUREDESIGN* wins Urban Commissions 2017 design competition

    Urban Commissions, a design competition set up by Dubai Design District (d3) and Dubai Culture & Arts Authority to engage with the UAE’s creative community and promote its diverse production industries, announces SUPERFUTUREDESIGN* as this year’s winner.  Urban Commissions was launched in October 2014 to engage design students and professionals residing in the UAE. The brief for the competition’s third edition was to design a ‘communal table’ with various seating combinations that celebrates the Emirati tradition of gathering for conversation, collaboration and respite. The winning design is to be produced with a grant of AED 50,000 and placed within the urban landscape of d3 in 2017. SUPERFUTUREDESIGN*, a creative lab founded by four Italian partners in Dubai in 2009, wins with Mu.TABLE. This ......read more

    Danube Properties Launches Eight Realty Project ‘Resortz'

    Dubai, March 14, 2017:  Danube Properties, UAE’s leading property developer, part of Danube Group, has launched a new realty project called ‘Resortz’, in Dubai’s Arjaan neighborhood. The project was unveiled by Rizwan Sajan- Founder and Chairman of Danube Group, in the presence of media, brokers as well as senior management of the firm.   The AED 300 million project spans an area of over four acres and offers 419 apartments, ranging from studio to three-bedroom apartments and retail units. Moreover, the property boasts a beautifully landscaped areas, a resort-style swimming pool and a central dome, which resembles the Duomo in Florence. Commenting on the launch, Rizwan Sajan, Founder and Chairman, Rizwan Sajan, said, “This is our eight realty project and I am extremely happy to see how far we ......read more

    Caparol Paints Brings Innovative Formula to Keep Walls Spotless and Beautiful

    The leading paint manufacturer reveals CleanStar, an expert formulation that ensures stain removal to keep walls looking fresh and new. Dubai, March 14, 2017:  Walls provide a protective warmth and energy to every home, working quietly in the background to outline its character. Clean walls speak a thousand unspoken words, adding to the colour and luxury of a room. Understanding the importance of clean walls and how difficult it is to maintain them, especially in areas like kid’s room, corridors, hallways and kitchens, Caparol Paints, a global leader in the paints industry, has innovated CleanStar to help keep walls clean and fresh forever. CleanStar is a high-quality wall paint with an effective formula that prevents stains from setting in. A luxurious, long-lasting and highly durable formula, CleanStar allows removal ......read more

    Centrepoint Wins Double Gold at Dubai Lynx for Sale Film

    Dubai, 13th March 2017:  Centrepoint stole the show at Dubai Lynx 2017 with Gold wins in the ‘Film’ and ‘Film Craft’ categories for the creative brilliance and dramatic cinematography of its recent sale films. The films were conceptualized as a two-part series by Impact BBDO, Dubai, who was also awarded Agency of the Year, at the ceremony that took place on the 9th of March, 2017, at the Madinat Jumeirah Arena.  The ad campaign was released in a two-film series, titled ‘Sabotage’ and ‘Lies’, are based on a universal insight that captures and encapsulates the size of the sale - Life has a mind of its own.  Shot in black and white, they raise the point that while there isn’t much you can do to counter all the indignities life hurls at you, the least you can do is visit ......read more

    Thirteenth edition of International Property Show 2017 to feature ‘The Global Property Market'

    The Global Property Market is an initiative by Dubai Land Department (DLD) that presents a niche opportunity for strategic information and networking on investment and development Dubai, UAE, 13 March2017:  With the woes of the oil and commodities industry easing out and governments raising their spending on infrastructure,the property market for retail, residential, industrial, office and hotel sectors will witness a strong growth in 2017 on a global basis, according to CBRE. In lieu of the promising growth, the 13th edition of the International Property Show (IPS) which will be held from April 2nd to 4th this year at the Dubai International Convention and Exhibition Centre will feature a new platform called ‘The Global Property Market’.  The Global Property Market is an initiative by Dubai Land Department ......read more

    Majid Al Futtaim launches ‘Create Great Moments Together' campaign to encourage UAE residents to prioritise quality time with loved ones

    New corporate campaign shaped by Majid Al Futtaim commissioned research into happiness amongst UAE residents UAE research highlights:         Nearly all (93%) of people are happiest when spending quality time with loved ones  One third (30%) spend an average of just five hours or less a week doing so   Half (46%) feel they currently waste at least two weekends per month by not spending time with family and friends and (48%) turn down offers to meet loved ones at least twice per month  Four fifths (81%) recognise they need to prioritise spending more quality time with those they love Dubai, UAE, 12 March 2017:  Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today launched a new regional ......read more

    The renowned Le BHV Marais' first flagship store is set to open in Dubai

    12 March 2017, Dubai - UAE:  The internationally renowned Parisians’ favourite department store “Le BHV Marais” is set to open its first flagship store in the United Arab Emirates on the 13th of March 2017 in the buzzing City Walk, Dubai as part of its international expansion in franchising with MEDS.  An exclusive media visit to discover Le BHV Marais was hosted today by Mr. Pascal Abchee, General Manager, MEDS and attended by Home décor, gastronomy, style and fashion experts. Established in 1856 in Paris, Le BHV Marais is a subsidiary department store from the Galeries Lafayette group and celebrates this year its 160 years anniversary.  “Le BHV Marais first Emirati branch reflects the strong partnership between Galeries Lafayette Group’ and MEDS and is a confirmation on the trust in ......read more

    Dubai WoodShow 2017 taps potential of building fully wooden houses in the UAE

    Dubai, UAE, 9 March 2017:  New ideas and innovations were presented during the second day (Wednesday, 8 March 2017) of the 12th edition of Dubai WoodShow (DWS 2017) and the 1st edition of Dubai International Furniture Accessories & Components & Semi-Finished Products Show (DIFAC 2017).  Many initiatives were also presented at the show, one of which targets building 100% wood-manufactured houses in the UAE. “Statistics show that houses built using steel increase the CO2 emissions, followed by buildings made of concrete. While studies reveal that buildings using wooden building materials don’t only reduce CO2 emission, but also have positive impact on the environment by helping achieving sustainability,” said Juha Peltomaki, senior advisor from Finland.  “In Finland, it’s ......read more

    Doha Festival City Set to wow Visitors with Unique Sculpture Installations

    Seven bespoke designs by sculptor David Harber to be installed at Doha Festival City Doha, 9 March 2017:  Doha Festival City, Qatar’s largest entertainment, retail and dining destination continues to deliver on the commitment to bring visitors a world class shopping experience, and surprise and delight customers with the installation it’s first art piece. Created by visionary artist and sculptor, David Harber, the bespoke ‘Sculpted Torus’, is now pride of place in the Mall’s Centre Court. The impressive sculpture, four metres in diameter, will wow guests visiting the Mall when it opens on 5th April 2017.  The piece is an adaptation of David Harber Ltd’s iconic ‘Torus’ and is part of a series of five variations that will be installed at Doha Festival City. The unique ......read more

    Hyperloop One Reveals First Images of Nevada Desert Development Site (‘DevLoop') at Middle East Rail

    500-meter full scale Hyperloop test structure weighs over one million kilograms Hyperloop One tube measures 3.3 meters in diameter Hyperloop One is the only company building a functional Hyperloop system Shares vision for connecting Gulf Cooperation Council  Travel between major cities in the Gulf region could be less than one hour Dubai, UAE, March 7, 2017:  Hyperloop One, the global leader in developing the world’s first operational Hyperloop, released never-before-seen images of its development site (‘DevLoop’) in the Nevada desert at Middle East Rail, held in Dubai.  Providing the international keynote address at the 11th annual conference, CEO of Hyperloop One, Rob Lloyd, shared a bird’s-eye view of how construction is progressing at the world’s only full-system and ......read more

    Saudi's AFIFI Industrial Group to extend its participation at Dubai WoodShow 2017

    The company will unveil its specialized facility that produces various interior decoration materials for the furniture applications  Dubai, UAE, 6 March 2017:  According to a new market report published by Credence Research Furniture Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023, the furniture market has been estimated to be valued at US$ 137.5 billion by the end of 2016, and is expected to reach US$ 186.5 billion by 2023, expanding at a CAGR of 4.5% from 2016 to 2023. With the global furniture market experiencing a high, the Middle East wood furniture industry, particularly Saudi Arabia is witnessing a vibrant growth as well. The growing number of real estate development, increasing demand for residential property and the governmental initiatives to develop socio-economic ......read more

    Al-Futtaim Launches Second Mixed Use Development in the UAE

    New lifestyle focused mall for southern Dubai to be anchored by IKEA and ACE.  Dubai, UAE, 06 March 2017:  Al-Futtaim, one of the most progressive business houses in the Gulf region, has broken ground on the development of a 78,500 sq. metre site, which forms part of the Jebel Ali Development (JAD) mixed use master planned community.   Al-Futtaim plans to expand its retail offering through the development of the new mall, located in Jebel Ali, the southern part of Dubai along the main Abu Dhabi – Dubai Highway. The project will be a mixed use development that combines living, working and entertainment with popular retail brands.  In the first phase of its development, which also includes a strategic partnership with wasl properties, a subsidiary of wasl Asset Management Group, the new retail offer is ......read more

    Bollywood actress BipashaBasu inaugurates the new Al Adil Meena Bazaar outlet

    Dubai, UAE, March 4, 2017:  Leading Bollywood actress BipashaBasu inaugurated the 35th outlet of UAE’s leading name for high quality Indian food stuff. Al Adil Group, which is celebrating 33 years of success in this market has created another milestone. The group has set by opening its 35th outlet at Dubai’s most sought after business destination Meena Bazaar, Bur Dubai. The grand inauguration, in the presence of huge crowd from diverse section of the society took place on 2nd March 2017 at 7 p.m..  Dr. Dhananjay (Jay) Datar, Chairman & Managing Director, Al Adil Trading and popularly known as Masala King, said “It is a proud moment for all of us to establish our 35th outlet in Dubai. The showroom is strategically located next to Raymond Showroom, Meena Bazaar, Bur Dubai. This business destination is ......read more

    Abu Dhabi Fund for Development Delegation Visits Wahat Al Karama

    Abu Dhabi-UAE: 2 March, 2017:  His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD) yesterday led a delegation of ADFD employees and toured the memorial site, Wahat Al Karama. The delegation explored the premises and visited the cultural landmark; the 31 aluminium-panel, each leaning on the other, exemplifying the unity, solidarity and mutual support shared between the UAE’s leadership, servicemen and people.  His Excellency Mohammed Saif Al Suwaidi said: “This site is a national treasure. It’s a reminder of how far we’ve come as a nation. Together we stand in unity, unison and with the utmost respect for our fallen heroes. Their sacrifice and memory should never be forgotten. Their sacrifice should be our driving force. Their sacrifice should be the ......read more

    At a Critical Crossroad: What the Region's Retail Leaders Have To Say About the Industry in 2017

    Dubai, UAE, March 2, 2017:  The retail industry in the Middle East is at a critical crossroad that threatens the old order and demands a new approach to every touchpoint in the retail ecosystem. From the harnessing of technology across the supply chain, to reinventing brands, adopting new business models and broadening channels, companies in the retail space are having to take new approaches to survive. This is clear from the agenda for this year’s Retail Leaders Circle MENA, the annual closed room summit for the industry that takes place from 6th – 7th March at The Address Dubai Mall Hotel.  The region’s biggest retailers, developers and brand owners are confirmed to attend, with many of them participating in key discussions on the future for the industry. The full line up of speakers providing a ......read more

    Those investing in UK property could be hit by new legislation

    Middle East investors in the UK property market may be hit by a change in legislation.  The change, which comes into effect on 6 April this year, could see investors’ families/beneficiaries lose out on 40% of their property value.  Dubai, UAE, March 2, 2017:  New UK legislation coming into effect from 6 April 2017 could impact thousands of people living in the Middle East. The change will affect non-UK domiciles who have invested in the UK property market through an offshore corporate structure – such investors may need to take action. For people in the region, the UK Property market has been a popular investment choice, especially London where growth continues to be strong. The average house price has risen over 65% in London in the last 5 years*. A common way for people living in the Middle East to ......read more

    Italian companies to showcase their expertise at Dubai WoodShow 2017

    A report by Allied Market Research (AMR) projects that the global engineered wood market is estimated to reach $41.273 billion by 2022 Dubai, UAE, 1 March 2017:  Organisers of Dubai WoodShow 2017 said that wood industry continues to have strong and consistent demand for all grades of logs. A new report by Allied Market Research (AMR) projects that the global engineered wood market is estimated to reach $41.273 billion by 2022, growing at a compound annual growth rate (CAGR) of 24.8 per cent from 2016 - 2022. Europe, being the developed market, accounts for nearly 70 per cent of global engineered wood production, while still maintaining high CAGRs. As such market participants seem to be gearing up for what they believe will be yet another year of good growth for the wood industry. The Italian wood and furniture industry is one ......read more

    Other Top Stories from Real Estate
     
    Falconcity of Wonders to connect Chinese with top Dubai projects as Platinum Sponsor of Dubai Property Show China

    UAE, March 22, 2017 – Falconcity of Wonders LLC, the developer of Falconcity of Wonders (FCW), the multipurpose megaproject currently being built in Dubai, has confirmed its participation at the upcoming Dubai Property Show (DPS) – Shanghai running from March 24 to 26, 2017 at the Shanghai World Expo Exhibition & Convention Centre in Shanghai, China. The developer will connect China’s leading entrepreneurs, investors, and high-net-worth individuals with Dubai’s dynamic real estate community with a focus on its ‘The World in A City’-themed ......read more

    Dalma Mall Guinness Award Ceremony

    Join us in our historic celebration, as Dalma Mall will be officially announced by Guinness World Records to be the Record Holder of the Longest Greetings Card Mosaic Made in History! On this day, Official Representatives from Guinness World Records will authenticate our record-breaking achievement in creating the longest greetings card mosaic made in history, with 150m in length, and made with more than 15,000 greeting cards dedicated to Mother’s Day, with the help of the people and residents of the UAE. The Award Attempt was achieved during the period of 14 days only, as mall ......read more

    Middle East Council of Shopping Centres' Next Generation Networking Reception in Riyadh

    MECSC’s Next Generation Events – connecting retail professionals across Middle East Dubai, 9th March 2017 – The Middle East Council of Shopping Centres and the International Council of Shopping Centres host the Next Generation Networking reception in Riyadh, on Wednesday March 15th at Ritz Carlton Hotel in Riyadh, Saudi Arabia. David Macadam, CEO, MECSC says “Saudi Arabia has been progressively developing its shopping malls and retail industry; including hosting Recon Jeddah Forum this May. We are excited to host the Next Gen in Riyadh on 15th March and offer a ......read more

    Leading manufacturer Danfoss announces office opening in Saudi Arabia

    Jeddah: Danfoss – a leading manufacturer of high-efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration, industrial, and water systems – has announced the launch of its first technical support office in the Kingdom of Saudi Arabia. Revealed at an event held at Sofitel Cornice Hotel in Jeddah yesterday, Danfoss senior executives from Dubai welcomed Mr. Mazen Batterjee, Vice Chairman, Jeddah Chamber of commerce, and Mr. Mutlaq Al- Tayyari, General Manager, SASO Makkah Al-Mukarramah Branch, as well as Mr. Ole Frijis-Madsen, the ......read more

    Dalma Mall's Guinness World Records Official Attempt

    For The Longest Greeting Card Made In History  Celebrate Mother’s Day BIG with Dalma Mall Abu Dhabi, United Arab Emirates, 7 March 2017: Change the face of history and help bring a new majestic Guinness World Records to the capital of the United Arab Emirates with Dalma Mall. On Mother’s Day, and from March 7 to 21, Dalma Mall will prove once again that nothing is impossible, and with your help, Abu Dhabi’s favorite mall is working towards breaking a Guinness World Records title by creating the longest greetings card mosaic made in history, to honor the mothers ......read more

    Dubai Real Estate Institute Advances the Region's Real Estate Markets

    DREI supports the real estate market by providing training and qualifications for professionals  50  thousand real estate students have graduated from DREI since 2009 Dubai, UAE, February 28, 2017:  Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), has made essential contributions towards spreading knowledge and culture all across the real estate market.  DREI has trained and developed more than 50 thousand students since 2009, and strives to raise the efficiency and expertise of those working in, or aspiring to, positions in ......read more

    German wood businesses head to Dubai WoodShow

    More than 30 German companies are participating at Dubai WoodShow to be held in Dubai from March 7 to 9  Dubai, UAE, 27 February 2017:  A report by The Federation of the German timber industry (HDH) stated that the German wood industry witnessed an increase in sales in 2016 by 2.4%, up to EUR 35 billion. Currently, 939 companies operate in the German wood industry and the employment in the industry comprises of 149,872 employees. To continue the positive momentum and to partner in a collaborative industry effort, more than 30 German companies are participating at Dubai WoodShow ......read more

    Emirates REIT sees strong rental growth in FY 2016

    Dubai - 27 February 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 reported its audited financial results for the year ending 31 December 2016. Highlights 10.2% total return 22.8% increase in rental income 5% average increase of existing lease rates 38% growth in Fund From Operations Further revaluation gains, but rate of growth slowing as ......read more

    Arthur & Hardman unveils Milano by Giovanni Boutique Suites in Jumeirah Village Circle

    Mr. Samir Salya, Chairman of Reign Holdings, says the project consists of 124 fully furnished hotel apartments. DUBAI- February 26, 2017:  Arthur & Hardman, the development arm of global business conglomerate Reign Holdings, has launched Milano by Giovanni Boutique Suites, a premium Italian style luxury property in Dubai’s Jumeirah Village Circle at an estimated investment of AED 125 million.  The developer has many competitive options in all lot sizes with prices starting from AED 499,000 for a studio and going up to AED 1.3 million for a 2-bed hotel apartment. The ......read more

    SIMCO reports dramatic increase in stock, indicating market growth of 60-90% in 2017

    Woodworking machinery market set to grow at 20-30% in 2017 Company to participate in Dubai WoodShow with the stand of 400 sqm to showcase its most innovative machineries Dubai, UAE, 25 February 2017:  SIMCO, a leading industrial manufacturing company, has projected that the wood working machinery market will grow by 20% to 30% in 2017. Compared to 2016, the start of 2017 has seen a dramatic increase in the company’s stock, which indicates market growth of 60 to 90% during the year. “For SIMCO, participating in Dubai WoodShow, which will be held from March 7 – 9 ......read more

    Dubai Industrial Park Launches New Light Industrial Units, Refrigerated Warehouses at Gulfood 2017

    1.5 million sq ft area caters to demands of halal sector Complex comprises light industrial units and refrigerated warehouses to meet SME needs  Industrial Park’s Stand CC7-10 displays cross-section model of light industrial units and new warehouses  Dubai-UAE: 25 February, 2017:  Dubai Wholesale City, a global integrated wholesale trading hub and member of TECOM Group, has announced the launch of light industrial units and refrigerated warehouses at Dubai Industrial Park, the dedicated industrial hub within Dubai Wholesale City, at Gulfood 2017.  In ......read more

    Al Wahda Mall first mall in Abu Dhabi to introduce ‘Pink Parking' for women

    Al Wahda Mall introduces hassle free parking for its women shoppers by dedicating more than 80 pink parking bays in the mall parking arena, making it the first mall in Abu Dhabi to lead the way with and promote the Abu Dhabi government’s initiative Al Wahda Mall is known for introducing novel initiatives and programs that are in the best interests of the mall visitors Focusing on the convenience and ease for women shoppers, these parking slots are allocated in the ground floor of the mall and the extension area Dubai, United Arab Emirates, February 25, 2017:  Al Wahda ......read more

    Emke Group/Lulu Group International, Majid Al Futtaim Holding LLC and Savola Group appear on Deloitte's 250 global retailers

    Deloitte Global report finds retailers achieve steady growth despite challenging global economy  US$4.3 trillion in revenues generated by top 250 global retailers We are now living in the customer-driven economy Dubai, UAE, February 23, 2017:  The top 250 global retailers generated aggregated revenues of US$4.31 trillion in fiscal year 2015, representing composite growth of 5.2 percent, according to the Global Powers of Retailing 2017: The art and science of customers report from Deloitte Global.  “Slow economic growth in major developed economies, high ......read more

    GCC countries urged to review duty on imported steel, says industry expert

    HE Abdallah Al Shamsi, Assistant Undersecretary for Industrial Affairs at the UAE Ministry of Economy, for UAE visited Conares’ steel manufacturing plants in Jebel Ali Free Zone (JAFZA), Dubai on Wednesday. DUBAI – February 23, 2017:  The steel manufacturing sector in UAE is seeking further support to prevent dumping of cheap steel imports in the country, says a leading steel manufacturer. This inflow of dumped foreign products into the country has caused a massive damage to the local producers over the past few years. “We are trying to address these challenges by ......read more

    United World Infrastructure to Offer New Cities and Urban Centers to 15 Million People by 2030

    Dubai-based global firm eyes a share of the world’s urban future  Dubai, United Arab Emirates, February 21, 2017:  United World Infrastructure (UWI), the Dubai- and Washington, DC-based firm that funds, develops and manages next generation cities, has set out a plan to offer urban developments to 15 million people by 2030.  UWI expects to develop its urban portfolio by targeting the world’s need for new middleweight cities as urban migration and global population numbers rise rapidly. With a global population forecast of nine billion by 2050, UWI will seek to ......read more

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

    Residents increasingly prefer to stay closer to home for family related activities such as community events, dining out and shopping  Dubai, UAE - February 18, 2017:  A recent survey  by leading Dubai-based real estate master developer and asset manager Dubai Properties (DP) has revealed that 84% of UAE consumer’s surveyed want to be more involved in their local community and that 82% would like to buy from ‘home-grown’ shops and restaurants more often. This trend towards more personalized community and shopping experiences, where family activities and ......read more

    Landmark Group Associates with WGS 2017 as Exclusive Retail Partner

    Dubai-UAE: February 18, 2017 – Landmark Group, the region’s leading retail and hospitality conglomerate, collaborated with the fifth edition of the World Government Summit (WGS 2017) as the exclusive happiness partner at the Global Dialogue for Happiness, on 11 February 2017. Renuka Jagtiani, Vice Chairperson, Landmark Group addressed the audience, and said: “We would like to thank His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for his visionary thinking, passion and leadership that have shaped the ......read more

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

    13th edition of International Property Show attracts 100 exhibitors from 40 countries International Property Show focuses on innovation and creativity in real estate marketing In collaboration with Dubai Land Department, show to host debut ‘Real Estate Brokers Village’ 16,000 visitors expected in 3 days Dubai, UAE, 16 February 2017:  Representatives from Dubai Land Department (DLD) and officials from real estate companies have unveiled plans for the 13thInternational Property Show 2017 in Dubai, the only show of its kind which allows retail sales and ......read more

    Dubai tenants have the advantage in 2017, says Asteco

    Asteco’s Q4 2016 report highlights expected downward pressure on rents caused by increased supply Average apartment and villa rents down by 6% and 5% through 2016 Residential sale prices bottoming out Dubai, UAE, February 13, 2017:  Tenants in Dubai could have the upper hand when negotiating rental rates thanks to a significant amount of stock coming to the market in 2017, according to the latest report from leading real estate consultancy Asteco. There are 31,500 apartments and 12,500 villas and townhouses scheduled to be delivered this year in areas including City ......read more

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

    Dubai, UAE, February 12, 2017:  As the retail industry in the MENA region undergoes seismic shifts driven by a post-oil economy, changing consumer behaviour and the digital realm becoming the new norm, this year’s Retail Leaders Circle MENA  takes on critical significance for all sectors of the industry. The exclusive annual summit, taking place at The Address Dubai Mall Hotel from 6th – 7th March 2017, brings together one hundred of the most influential and visionary people helping to shape the future of retail in the region.  Connecting the region’s top ......read more

    Let the Shopping Spree Begin with Hili Mall's Shop & Win Campaign!

    120 winners have opportunity to win prizes worth AED 240,000 From 10th February until 21st March 2017 Al Ain, UAE, 12 February 2017:  It’s back! Hili Mall will certainly be a consumer’s paradise once more as it is set to launch its second edition of Shop & Win. Absolutely a game changer, the campaign is scheduled to kick off on the 10th of February, 2017 and will run daily for 40 days until the 21st of March, 2017.      This retail bonanza was first conducted in Hili Mall last year aiming to make its shoppers’ experience even more ......read more

    Al Ghurair Rayhaan and Al Ghurair Arjaan by Rotana Pre-valentines Event

    Dubai, February 9, 2017:  Al Ghurair Rayhaan and Al Ghurair Arjaan by Rotana, the 5 star hotel and deluxe hotel apartments, hosted a Pre-Valentines event to showcase the true essence of the Month of Love. The two stunning Rotana properties in Deira invited valued media partners, bloggers and instagrammers in the hotel. During the event, an overview of its enticing offers was introduced.  Share a romantic experience with your beloved this Valentine’s by getting cosy with our special room rates starting from AED 499 that will surely leave the two of you a memorable and ......read more

    Danube Properties announces 95 percent of ‘Miraclz' project sold

    Dubai, 8th February, 2017:  Danube Properties, the property arm of UAE-Based Danube Group, has announced that 95 percent of the recently launched Miraclz project has been sold, at a press conference held at the Grand Hyatt Hotel today. The event was held in the presence of Sushmita Sen, who is a renowned Indian actress and is the face of Danube Group, as well as the senior management of the firm and the media. Moreover, the attendees of the event were given updates on all the on-going projects under the Danube Properties portfolio, including Dreamz, Glitz 1, 2 and 3, Starz, Glamz, and ......read more

    Marsh Middle East 2017 Infrastructure Risk Management Forum Yields Success

    Dubai, United Arab Emirates – 8 February 2017:  The Marsh 2017 Infrastructure Risk Management Forum saw this year’s theme ‘From Risk to Resilience in the Infrastructure Industry: Assessing the Challenges and Opportunities in Emerging Infrastructure Risks’ yield a positive response from delegates, at The Ritz-Carlton, DIFC, Dubai on Wednesday, 8th February. The forum focused upon on a hotly-anticipated report ‘Sky High Risks: Managing Tall Building Exposures’, which explores the unique set of risks associated with constructing and operating tall ......read more

    Bawabat al Sharq Mall's First Edition of "Bareezat Abu Dhabi" Successfully Concludes

    A premium Emirati Brand Exhibition encouraging local entrepreneurship was held under the patronage of H.E. Major General Ahmed Nasser Al Raisi, Inspector General of the Ministry of Interior and Chairman of Baniyas Sports & Cultural Club Abu Dhabi, February 8, 2017:  Bawabat al Sharq Mall, one of Abu Dhabi’s finest shopping and entertainment destinations, successfully concluded the first edition of “Bareezat Abu Dhabi” – A Premium Emirati Brand Exhibition. The fashion exhibition presented a grand collection of homegrown brands at extremely attractive ......read more

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