DWC To Get Two New HotelsFriday, October 24, 2014
DWC To Get Two New Hotels Dubai World Central (DWC) is all set to get two new airport hotels to accommodate the visitors arriving in the UAE. The InterContinental Hotels Group has inked a franchise agreement with Abjar Hotels International for the two new hotels. The new hotels are named Holiday Inn Dubai World Central and Staybridge Suites Dubai World Central. While Holiday Inn Dubai World Central is planned to be a ... more
Deyaar Posts 94% Profit Rise In Q3 2014Friday, October 24, 2014
Deyaar Posts 94% Profit Rise In Q3 2014 Dubai-based property developer Deyaar Development has reported a 94 percent rise in its net profits of Q3 2014. The developer says that the sales of its latest residential project were the main driving force behind its profits. The tighter regulations of the government aiming to curb property flipping seem to have hit their mark, as the sale transactions between developers and end-customers ... more
Aldar To Launch Mid-end Projects In Abu Dhabi Thursday, October 23, 2014
Aldar To Launch Mid-end Projects In Abu Dhabi Abu Dhabi-based property developer Aldar Properties is expected to launch new projects in the next three to four months. Aldar Properties Chief Financial Officer Mr Greg Fewer said that the new projects of the company will mainly aim the mid-income buyers and tenants. The developer is also expected to announce its third-quarter earnings in coming weeks. ... more
Dubai Theme Park To Feature Dedicated Area For SmurfsThursday, October 23, 2014
Dubai Theme Park To Feature Dedicated Area For Smurfs An upcoming theme park is reported to feature a dedicated area for 'Smurfs' along with attractions based on Sony movies. The Hollywood-inspired theme park named Motiongate Dubai will showcase a 'Smurfs Zone' along with Sony Pictures Studio featuring animated movies such as 'Hotel Transylvania' and 'Cloudy with a Chance of Meatballs'. Meraas Holding subsidiary Dubai Parks and Resorts announced ... more
TDIC Installs Louvre Abu Dhabi Dome StructureWednesday, October 22, 2014
TDIC Installs Louvre Abu Dhabi Dome Structure The Tourism Development and Investment Company (TDIC) has announced the complete installation of the dome structure of the Louvre Abu Dhabi. TIDC CEO Mr Ali Al Hammadi said that the company was pleased with the completion of the dome structure, which is regarded as a major milestone in the development of the museum. TIDC is a master developer of the major tourism, cultural and residential deve ... more
Hyatt Regency To Feature Largest Crystal Panel Cladding In DubaiWednesday, October 22, 2014
Hyatt Regency To Feature Largest Crystal Panel Cladding In Dubai Hyatt Regency in Dubai Healthcare City is set to get one of the largest crystal panel claddings in the world. According to reports, an Austrian producer of luxury cut lead glass is working on the crystal panel cladding of the Hyatt Regency, which has an area of 150 square metres. The development is expected to be completed by the end of the current year. ... more
Phase One Of Traffic Diversions Near Safa Park Nears CompletionTuesday, October 21, 2014
Phase One Of Traffic Diversions Near Safa Park Nears CompletionDubai: Roads and Transport Authority (RTA) has announced that the phase one of the main traffic diversions on Al Wasl Road are near completion. According to reports, the traffic diversions on Al Wasl Road near Safa Park were needed as a part of the preparations to launch the second phase of Dubai Water Canal Project. The said development is expected to be opened by the end of October 2014, per ... more
DAMAC Opens Canal Views Hotel In DubaiTuesday, October 21, 2014
DAMAC Opens Canal Views Hotel In Dubai Dubai-based property developer DAMAC Properties has opened its second deluxe hotel, christened Canal Views, in the Burj area of Dubai. Canal Views features one-, two- and three-bedroom suites, each with complementary internet access, a cable TV and a fully-fitted kitchen. According to reports, Canal Views is the second project of DAMAC Properties in the area and will be managed by its own hos ... more
International City and Discovery Gardens Become The Most Affordable Communities In DubaiMonday, October 20, 2014
International City and Discovery Gardens Become The Most Affordable Communities In DubaiInternational City and Discovery Gardens have been named as the two most affordable communities in Dubai. According to a news report, compared to the second quarter both the localities registered a decline of seven per cent in the third quarter of 2014. Despite the decline, the two communities (International City and Discovery Gardens) are up 40 per cent and 23 per cent respectively on annual ... more
Dubai Investments Park: A Key Player In UAE Industrial BoomMonday, October 20, 2014
Dubai Investments Park: A Key Player In UAE Industrial Boom Dubai Investments Park (DIP) has been noted as a key player in the industrial and manufacturing boom of the UAE. According to a news report, DIP has attracted over 3,500 companies over the last 17 years. DIP is a subsidiary of Dubai Investments and is an integrated commercial, industrial and residential community in the Middle East. DIP offers an approximate area of 59.5 million square feet i ... more
Wasl Properties Launches New Mobile ServicesFriday, October 17, 2014
Wasl Properties Launches New Mobile ServicesDubai-based real estate company Wasl Properties has launched several new mobile and online services at the GITEX Technology Week that is currently underway. The new services are designed to benefit the customers by increasing their accessibility to the facilities the company has to offer. Wasl Properties Information Technology General Manager Mr Mohammad Al Sharji said that maximising customer ... more
Extra Parking Spaces Are Up For Grabs In Dubai Wednesday, October 15, 2014
Extra Parking Spaces Are Up For Grabs In Dubai According to the Dubai Land Department (DLD), real estate developers are now allowed to sell extra parking spaces in Dubai. The sale, however, is restricted to unit-owners only. DLD Real Estate Registration Services Senior Manager Mr Sultan Al Akraf said only property owners and landlords could buy the extra parking spaces. He also said the number of parking spaces must be mentioned in the ti ... more
Dubai Canal Construction Closes Jumeirah Beach Park TemporarilyTuesday, October 14, 2014
Dubai Canal Construction Closes Jumeirah Beach Park Temporarily Dubai Municipality has temporarily closed Jumeirah Beach Park due to the ongoing development of Dubai Water Canal. Public Parks and Horticulture Department Director Mr Mohamed Abdul Rahman Al Awdi said that the closure was to ensure the smooth flow of the water canal project and other construction work. According to reports, the park will be open to visitors by the end of December 2016 after ... more
Open Invitation To All Developers: Emaar Places Downtown Plot On Auction Tuesday, October 14, 2014
Open Invitation To All Developers: Emaar Places Downtown Plot On Auction Dubai-based property developer Emaar Properties has invited developers to bid for Plot 8A, a commercial plot in Downtown Dubai. Emaar has invited select developers for many commercial and residential auctions in the past, but this year's auction is the first open invitation for all developers. Emaar claims that the buyer of the plot can build a 30-storey commercial tower in the most prestigio ... more
Lock And Load: DPG Possesses Funds For Every Individual ProjectTuesday, October 14, 2014
Lock And Load: DPG Possesses Funds For Every Individual Project Dubai Properties Group (DPG) has secured all the funds it needs to complete all its projects, according to a news report. DPG Urban Planning and Infrastructure Chief Officer Mr Mohammad Al Habbai said that for the time being the company possesses all the funds required for the development of every single project it has launched. He said that the company did not depend on the sales for the de ... more
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