Danube to invest AED 200 million in Gulf's home improvement sectorMonday, February 08, 2016
Danube to invest AED 200 million in Gulf\ Danube Group has announced plans of investing AED 200 million in the Gulf Region. The investment would be utilised to open five home furnishing stores, one in Abu Dhabi and four in Oman, by the end of 2016. Recently, Danube Home opened a flagship store in Dubai with an investment of AED 40 million and its immediate success led the company to open new outlets in key Gulf cities. The comp ... more
Manazel launches new IR website and smart phone appMonday, February 08, 2016
Manazel launches new IR website and smart phone app UAE-based property developer Manazel Real Estate PJSC has announced the launch of its updated Investor Relations (IR) website and new mobile application. The new digital IR tools have been launched in order to enhance Manazel's communication with its stakeholders, increasing transparency and providing investors with instant access to relevant information in order to assist them in making educa ... more
Dubai investor group buys Americana stakes with Emaar's helpMonday, February 08, 2016
Dubai investor group buys Americana stakes with Emaar\ A Dubai-based investor group spearheaded by Emaar Properties Chairman Mohamed Al Abbar is set to acquire 69 percent shares, valued at $1.8 billion, in Middle East fast-food operator Kuwait Food Co. The group aims to acquire the remaining stakes in the future as well. Adeptio LLC signed a deal with Kuwait Food, also known as Americana, from Al Khair National for Stocks and Real Estate LLC, per a ... more
Action Hotels acquire $10m site in Dubai Media CityMonday, February 08, 2016
Action Hotels acquire $10m site in Dubai Media City Action Hotels has purchased a 5,553.5 square meter freehold site in Dubai Media City for $10 million with the aim to develop a property by 2018. The Kuwait-owned hotel chain, that specializes in developing three and four-star hotels, has bought the property in Media City's Innovation Hub from a subsidiary of Dubai Holding's, namely Tecom Group. Innovation Hub is the latest project being built ... more
Danube records booming sales at Ritz Dubai projectThursday, February 04, 2016
Danube records booming sales at Ritz Dubai projectDubai-based property developer Danube Properties has announced successful sale of 85% of its Ritz Dubai project. The development is worth AED 300 million and is located in Al Furjan area. The developer said the units were recently launched and the booming sales clearly depict investors' interest in Dubai's property market. Ritz comprises 450 units in total including 180 studio, 135 one-, and 1 ... more
St. Regis Hotel to feature 360-degree infinity pool Thursday, February 04, 2016
St. Regis Hotel to feature 360-degree infinity pool The recently launched St. Regis Hotel at Palm Jumeirah has announced to develop a 360-degree infinity pool on its 50th floor. The pool would be situated approximately 700 feet above the ground and border all four sides of the property. The hotel is a joint venture project between Nakheel Properties and Starwood Hotels & Resorts Worldwide and would feature 289 rooms and suites along with 504 l ... more
Dubai to host 20th World Land Registration CongressThursday, February 04, 2016
Dubai to host 20th World Land Registration Congress Dubai has officially won the bid to host the 20th World Land Registration Congress titled Cinder Dubai 2016. The congress has been organised by the International Property Registries Association (IPRA-CINDER) in association with the Dubai Land Department (DLD) and would be held from February 22 to 24. Dubai Land Department Director-General Sultan Butti Bin Mejren said, "The selection committee ... more
Yas Mall sees visitor numbers swellThursday, February 04, 2016
Yas Mall sees visitor numbers swell Abu Dhabi's premier shopping destination, Yas Mall on Yas Island, has seen visitor numbers rise since the facility opened doors to public in November 2014. In 2015 alone, the mall welcomed a staggering 18 million visitors to its various retail, entertainment and F&B offerings. Aldar Properties, the name behind the development of Yas Island, said it had expected the mall to attract 20 million p ... more
Abu Dhabi launches training program for real estate professionalsWednesday, February 03, 2016
Abu Dhabi launches training program for real estate professionalsAbu Dhabi's Department of Municipal Affairs (DMA), in collaboration with the Abu Dhabi Center for Technical and Vocational Training (ACTVET), has launched a training program in the capital that will train real estate agents and other professionals to enhance their skills and qualifications. The program has been launched in accordance with Abu Dhabi Property Law No. 3 (2015), which has taken full ... more
Union Properties seeks AED 740 million loan to finance growthWednesday, February 03, 2016
Union Properties seeks AED 740 million loan to finance growth Union Properties PJSC (UP), one of the leading real estate developers in the United Arab Emirates, is in negotiations with banks for a funding of almost AED 740 million to finance its real estate projects, the property developer said in a statement. Union Properties hopes to utilize the funds by the investing AED 300 million in a residential building, AED 70 million for staff accommodation, AED ... more
Abu Dhabi's new multi-storey car park has over 700 spots Wednesday, February 03, 2016
Abu Dhabi\ Abu Dhbai's new multi-storey car park facility is set to not help motorists find a safe spot for their vehicle, but will also boast facilities such charging stations for hybrid vehicles. The parking complex has been built in the UAE capital's Al Dana area behind Fatima Bint Mubarak and Al Falah streets and is open for public. Not only this, the Department of Transport has gone a step further ... more
Developer delivers Binghatti Apartments in Dubai Silicon Oasis Tuesday, February 02, 2016
Developer delivers Binghatti Apartments in Dubai Silicon Oasis Binghatti Developers have announced the completion of Binghatti Apartments project located in Dubai Silicon Oasis. The project is worth AED 170 million and the developer completed the iconic project within a record period of 11 months. The handover of units has already commenced. Binghatti Developers CEO and Chief Architect Muhammad Binghatti Aljbori said, "We in Binghatti Developers are pro ... more
Emirates most valuable airline brand, againTuesday, February 02, 2016
Emirates most valuable airline brand, again Dubai carrier Emirates have been named the most valuable airline brand by Brand Finance report for the sixth year in a row, outshining the likes of Qatar Airways and British Airways. The brand, valued at $7.5 billion, was placed 171st in a list of 500 of the world's most valuable brands. Emirates superiority in the air is evident form the fact that it has retained the top spot since 2012 when ... more
Nakheel opens Ibis Styles hotel at Dragon Mart Tuesday, February 02, 2016
Nakheel opens Ibis Styles hotel at Dragon Mart Dubai real estate giant Nakheel has opened for business its Ibis Styles hotels at the Dragon Mart in Dubai's International City. The facility is the first in a series of 10 hotels planned as part of Nakheel's hospitality and leisure expansion. The three-star, budget hotel is owned by Nakheel and managed by French hotel chain Accor Hotels. The hotel building has a direct link to Dragon Mart 2, t ... more
Shurooq, Emaar and Eagle Hills join hands to develop SharjahMonday, February 01, 2016
Shurooq, Emaar and Eagle Hills join hands to develop Sharjah Sharjah Investment and Development Authority (Shurooq) has signed a joint venture agreement with Abu Dhabi’s Eagle Hills and Dubai’s Emaar Properties to set up a new company named Omran Properties. The new company would develop and manage Sharjah’s real estate sector along with providing management and maintenance services to various projects. Per reports, the MoU was sign ... more
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