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8 May 2019

Emaar unveils new premium Creek Edge waterfront residences at Dubai Creek Harbour

The 6 sq km Creek Island destination is on track to welcome first tenants this year Creek Edge will comprise one 40-storey and one 20-storey tower, featuring 560 apartments Plans include a limited collection of waterfront duplex townhouses on the podium level Emaar Properties has unveiled plans for its waterfront residences at the upcoming Dubai Creek Harbour project. Creek Edge, […]
7 May 2019

Masdar City becomes home to Majid Al Futtaim’s first and most sustainable shopping mall in Abu Dhabi

The AED 300 million My City Centre features 18,500 sq m of gross leasable area Mall will be one of the region’s most sustainable and home to 100th Carrefour hypermarket Plans to recycle at least 80% of operational waste and other eco-friendly initiatives Majid Al Futtaim opened the doors to its first shopping mall in Abu Dhabi. My City Centre […]
6 May 2019

Five new Emaar Hospitality hotels set to open in Dubai this year

Plans include four premium and upscale hotels, and one mid-scale hotel in the city Hotels have already commenced online booking with strong customer response Over 1,300 keys to be added to inventory Emaar Properties’ hospitality and leisure arm, Emaar Hospitality Group, recently announced that it will open five new hotels in Dubai in 2019. This includes four hotels under its […]
2 May 2019

Ras Al Khaimah aims to boost tourist numbers from Europe with new deals

Emirate aims to attract 1.5 million visitors by 2021 New deal to promote RAK’s famous beaches, forts and other sights Deal was signed by RAK TDA and the ECTAA Ras Al Khaimah Tourism Development Authority (RAK TDA) and the European Travel Agents’ and Tour Operators’ Associations (ECTAA) has entered into an agreement to boost European outbound tourism to the emirate […]
1 May 2019

Abu Dhabi to develop new automotive city worth AED 1 billion

Project aims to be region’s largest fully integrated automotive hub Estimated to be complete by Q1 2020 Businesses eligible for 50-year long-tern leases A new automotive hub, Rahayel City, will be built in Abu Dhabi by Q1 2020 according to a report in Gulf News. Zones Corp, a government owned-entity unveiled the plans for the upcoming project – estimated to […]
30 April 2019

Over 1,000 millionaires moved to Dubai in 2018 according to wealth migration report

The Global Wealth Migration Report for 2019, developed by AfrAsia Bank and New World Wealth, disclosed its wealth migration figures for the UAE recently. The report found that nearly 2,000 high net-worth individuals (HNWIs) – with assets worth at least US$1 million – moved to the UAE in 2018, representing a 2% increase compared to 2017. Dubai alone attracted over […]
29 April 2019

Non-oil growth and increased government spending to boost GCC’s economic growth in 2019 according to new report

A new report by the Institute of Chartered Accountants in England and Wales (ICAEW) suggested a marginal improvement in GCC GDP growth in 2019. According to the report, the GCC is expected to post an economic growth of 2.3 percent in 2019, up 0.3% from 2018, with the main source of growth coming from the non-oil sector. In spite of […]
28 April 2019

New intelligent Boxbay storage system at Jebel Ali Terminal 4 to drastically improve container handling efficiency

Dubai-based DP World and international partners SMS Group have entered into a joint venture that could revolutionise the way containers are handled in ports. The new intelligent system, called Boxbay, is a high bay storage system that will be piloted for the first time at Jebel Ali Terminal 4 in time for the Dubai Expo 2020. The patented design and […]
25 April 2019

New Hala China initiative to boost Chinese enterprise in Dubai and open avenues for new real estate investments

Chinese SMEs in Dubai are primed to expand their presence in Dubai as Singapore-based Samanea joined hands with Hala China in a new initiative according to a statement from the company. Hala China is based in Dubai, which is home to nearly 3,000 Chinese companies, and was jointly launched by property developers Meraas and Dubai Holding in 2018 to enhance […]
24 April 2019

Expo 2020 to give UAE economy AED 122.6 billion boost according to latest report

Report suggests Expo 2020 will create nearly 50,000 full-time jobs Event is expected to account for nearly half of 1% of UAE’s total GDP More than 25 million visitors expected in Dubai for Expo 2020 As Expo 2020 approaches, many businesses are hoping to affect a turnaround from the current economic downturn. According to the latest Ernst & Young (EY) […]
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