Author: Ra'uf Asim Rahal
The emirate of Abu Dhabi has donated a street’s name in memory of Dr. George Matthew, an Indian -origin doctor who has spent more than 6 decades serving the United Arab Emirates healthcare sector. This honor is part of the “Honoring UAE’s Visionaries: Decidedly, it is the “Commemorative Streets” project approved by the Department of Municipalities and Transport (DMT). The latter is called aptly George Matthew Street and is near Sheikh Shakbooth Medical City in Al Mafraq. After his arrival in the UAE at the age of 26 in the year 1967, Dr. Matthew has a very productive career compressed…
According to DLD there were AED 2. 82 billion real estate transactions on a single day. This outstanding figure points to increasing market velocities and investors’ optimism in regard to the Dubai property sector. It is important to note that the transaction types include sales, mortgages, and grants of different types of properties; therefore, the list presents the dynamism of the Dubai’s real estate market. The increase in the number of transaction is caused by several factors such as relatively affordable property prices and healthy demand, and the efforts of this emirate to establish clear market and investor friendly vision.…
Dubai seems to be heading to the construction of a global fruit and vegetable market with intention of boosting the development of its economy. The Logistics Hub for Foodstuffs, Fruit, and Vegetable Trade that is also set be the world’s largest was officially declared by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. This effort is aligned with the Dubai Economic Agenda known as D33 which seeks to double the size of Dubai’s economy and position the emirate in the top 3 economic cities globally by the year 2033. The…
Published by H. H. Sheikh Dr. Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah: New enrollment children in Sharjah nurseries to receive more seats. This effort will ensure that all registered children as clearly outlined by the authorities would be eventually placed in the nurseries, according to the number of 1, 781 children. On the “Direct Line” programme, H. H. said in a telephone interview with Sharjah Broadcasting Authority, “Regarding the registration, there were 1,781 children who registered in government nurseries in Sharjah, while we have 1,335 spots for children to attend nurseries preparing them to…
New figures released revealed that Dubai real estate market had a busy week, with its value of the transactions that took place from July 1 to July 5 exceeding AED14. 3bn ($3. 9bn). Meanwhile figures from the land Department revealed that sales accounted for the major count being AED 9. 47 billion ($ 2. 6 billion) it being the key function. Key Transactions Palm Jumeirah Luxury Apartments: An apartment in Orla Infinity being developed by Omniyat was transacted at AED77m ($20. 9m). A similar flat within the same building was purchased for AED75,800,000 ($20,600,000). Baccarat Residences: An apartment located in…
H. H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince of Dubai and Chairman of the Executive Council has agreed to the Jebel Ali Beach Development Project master plan. The objective of this project is to upgrade the 6. 6-kilometer length of the beach to being a tourist attraction, which will partly focus on matters concerning conservation. They include the Jebel Ali Beach Development Project that is within the Dubai 2040 Master Plan aimed at increasing the area of the emirate’s public beaches by 400 percent, the area of which is estimated to be 330 hectares. This project…
Suffice to say that although Dubai is liberal in the way it allows people to live their lives and have fun, the place is very much disciplined to maintain safety and security. Here are 11 things that can get you fined by the Dubai police:Here are 11 things that can get you fined by the Dubai police: Jaywalking: Walking is very important in Dubai and, thus, safety of The pedestrian is an important issue. Pavement crossing at irresponsible zones can cost as much as AED 400. Cross the road using the pedestrian crossings and foot bridges in order no to…
The pure gold group rei is planning to invest AED 1 billion ($ 272 million) in order to introduce the new concepts of home, work and play through innovative residential, commercial, and mixed project in the UAE. As for the future plans, after PG Upper House was completed in June 2023, which may be considered as the first professionally executed project of the company, PG Real Estate plans to expand actively. AED 1 billion brand investment will go into a series of architectural residential iconic projects situated in the prime cities of the world in order to dramatically reposition luxury…
This shows that there was a dramatic rise on the sales volume in the real estate segment in Dubai and this was mainly due to high demand in the first semester of the year 2023. Lauded real estate firm haus & haus reported that sales volumes are 30 percent higher compared to last year and noted that consumption high in May. Transaction volumes in May reached 47. 7% month-on-month and 45. 9% year-on-year; Property Monitor shows this increase because the market is strong and developing as the DN’s population grows. The managing director of haus & haus Real Estate Simon…
The demand for properties and real estate in the United Arab Emirates and especially in Dubai remained at a very high level in the second quarter of 2024 with more than 35 300 transactions were registered, data of Primo Capital Experts. According to the most recent report, property prices were up by 21%, together with a 20. 5% YoY growth in the volumes of residentials’ transactions. The detailed study undertaken by Primo Capital for second quarter of the year 2024 has made it quite clear that there are quite a few trends afoot in the UAE market will be very…