Author: Ra'uf Asim Rahal
RIYADH: The camel maintenance grant is a new program launched by the Ministry of Culture that aims to bring to light the importance of the camel in the Saudi Arabian cultural, social, and economic context as evidenced by scientific research. Such grant suggests that research proposals may address camel importance in as many facets as historical, cultural, socio-economic, environmental and health disciplines according to Saudi Press Agency. The historical component features empiricial comparisons of the importance of camels with between civilizations, historical and ethnographic descriptions of traditions related to camels, and investigations of ways to archive this history. The cultural…
The emirate’s real estate market certainly went through fast growth over that week as the Land Department figures showed that the total value of property transactions reached over AED 17. 5 billion ($4. 8 billion). This was the increased by nearly $500 million in the previous week transaction that stat heart was AED 15. 9 billion ($4. 3 billion). The first component was sales operation, which took the largest share of the total transactions as indicated by AED 13. 34 billion ($3. 6 billion). In a similar fashion, the data obtained from the Land Department encompassing the volume of sale…
OriginalDubai real estate generated skyrocketing returns on the investments, elevated status, and increasing prices, making them a subject of interest for HNWI. As described by the developer MERED, these are superior, grand and sleek properties with superb amenities, stylish layouts, great services, spiffing high-end security systems. Rising Demand The demand for branded residences is also on the rise due to the Asia’s higher wealth status and the improved mobility of Asia’s wealthy elite. New evidence shows a record number of branded residences in Dubai today, in compliance with the global rise of 160 percent. As per the current scenario 17000…
The source of information is the Abu Dhabi Real Estate Centre (ADREC) which has claimed that there was a record FDI in the real estate of Abu Dhabi in the first quarter of 2024 . Total turnover of real estate in Abu Dhabi for this period was at AED 19. 4 billion through an estimated 6,070 deals. Data reveals that 478 persons of collective investments from such countries as India, Russia, Canada, United Kingdom, Jordan, and China used AED 1. 81 billion to invest in the Abu Dhabi real estate during January-March 2015, which increased as compared to the same…
Dubai Real Estate Market is currently at $750 billion and is expected to reach $966 billion by the end of 2024 as per the report published by Statista. This growth is often attributed to the growing Affiliate investors’ base, specifically, High Net Worth Individuals (HNWI) targeting luxury investment properties in Dubai. Specifically, based on the statistics, within the first quarter of 2024, 105 luxury residence units were sold in Dubai. Rising incompleteness of transactions, both primary and resale, can point to the city’s ability to close more such transactions than last year’s record of 431 luxury deals of over US$10…
Eagle Hills, an Abu Dhabi based company specializing in real estate, has recently reported a major break through to its largest venture in the tune of $1. 5 billion to develop Baghdad Golf Course & Spa in Iraq. The necessary land to support this elegant structure has been purchased by the company and will add to the aesthetics of Baghdad’s property. The luxurious Baghdad Golf Course & Spa which is under construction will consist of a professional golf course; an ensemble of luxurious houses; a sensational five-star hotel, and a secluded resort club. This decision came after the recent meeting…
Avengers 5 will be the next big installment and Marvel Studios is purportedly working on a slate to reintroduce 60+ characters from the MCU. It was recently reported that Shang-Chi director Destin Daniel Cretton opted out of the project last November and Shawn Levy, Deadpool & Wolverine, is in a negotiation process to officially direct the movie. Speaking of the forthcoming movie as an “ensemble feature” and preparing for the production as one of the biggest Marvel projects ever, Avengers 5 is expected to unite a huge number of characters in the MCU. This approach constitutes a departure from previous…
In terms of earnings from International Tourism the UAE has placed on the sixth rank across the world with Triptic $51. 9 billion recepts-UN Tourism May 2024 World Tourism Barometer. This placed the UA in a much better ranking of 13th from 25th place previously Thurston et al. , 2014. The larger spendings are recorded with the United States ($176 billion), Spain ($92 billion), United Kingdom ($74 billion), France ($69 billion) and Italy ($56 billion) as the top spending nations. Other preferred destinations are Türkiye, Australia, Canada, Japan, the Federal Republic of Germany, Saudi Arabia, Macao S. A. R (China),…
A new program aimed at the prevention of climate change in the beach areas of Dubai has been launched and it is to consist of the $96. 7 million expenditure. This endeavour will employ more than half a million cubic meters of sand to bolster natural barriers at Al Mamzar and Jumeirah 1 beaches in response to the risk posed by rising water levels. Long live this sustainable development which was initiated by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai and will take 18 months to complete. Prof. Gerd Masselink in the field of coastal geomorphology explained…
Dubai Land Department has fined three developers AED 500, 000 each for marketing and advertising the various real estate projects before they had complied with certain registration formalities for off-plan projects under the law no. 8 of 2007 concerning regulations of real estate development escrow accounts. The escrow account is a particular account meant for a particular real estate project where funds from prospective buyers of units that have not been constructed yet are kept before the project is completed. This account should seek to control the construction process of the units sold, preserving the investors’ rights in the city.…