Author: Ra'uf Asim Rahal
Sensing the problem that the workers have to work in scorching sun in the summer months, the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai has come with what it has named the “Frij Refrigerator”. Co-ordinated by the Mohammed bin Rashid Al Maktoum Global Initiatives, this program was designed to address improvement of working conditions through the supply of cold drinks and refreshments to over 8000 construction workers at their sites and factory outlets in Dubai. The initiative reflects GDRFA’s effectiveness to invest in improving workers’ work and living conditions to improve productivity for sustainable development. Thus, addressing…
The memorandum of understanding has been signed with Dubai Civil Defense with the aim of improving public safety and also bring to fore the relationship between two governmental entities, Awqaf and Minors Affairs Foundation. The targeting of the agreement is increasing cooperation in terms of expertise for formulating and executing solutions for improving safety levels and preventing risks, and strengthening Dubai’s position as one of the safest cities in the world. The MoU was inked between His Excellency Lieutenant General Expert Rashid Thani Al Matrooshi Director General of the General Directorate of Dubai Civil Defense and His Excellency Ali Mohammed…
Market Island, which is the largest food hall in the Middle East, has been launched at the Dubai Festival City Mall allowing visitors to taste dishes of various cuisines of the world. Home to over 50 food outlets, this licensed food covering a floor area of 70,000 sq ft offers world cuisines. The food hall became operational in December 2023 and is situated in the building’s ground floor section on the north side. Market Island holds daily over 3,500 visitors that were accommodated with a diverse offering of food preparation areas, restaurants, bars, lounges. The hall comprises several global famous…
The Dubai Land Department (DLD) has further integrated its efforts towards the digitization of real estate procedures, recently signing deals with seven leading real estate firms of Dubai. It enables these companies to tap into DLD’s registration systems for dealing with property-related transactions, which is a step that will boost efficiency levels, guarantee top-notch services, and shorten the duration it takes to complete transactions. Concerning the developers who are involved in this strategic partnership, they consist of Emaar Properties, DAMAC, Binghatti Properties, Aldar Properties, Sobha Realty, Azizi Developments, and Danube. To complement DLD’s enhanced registration platforms, these firms seek to…
Residential property market in Dubai continue to rise in month of July 2024 proving aggressive demand and investment in property sector of Dubai. New data evaluating the South African market shared by ValuStrat has shown that monthly increase is 2. 2% and Market VPI is 178. 2 – 28. 5% higher than the data recorded in the previous year. Once again, more points were scored in the villa segment than in the apartment segment, with the villa sub-index reaching 232. 1 points to the apartment index’s 149. 6 points. Both indices start in January 2021 using a base index of…
Dubai is known for changing its skyline gradually and the new generation of mega-projects to be launched is even more futuristic. As the city that brought the world the Burj Khalifa and Palm Jumeirah it’s not surprising that the city still has ambitions with several major projects ongoing. Here we present five projects in Dubai that have stirred a lot of controversy and will be part of the impressive landscape of the city soon. 1. Al Maktoum International Airport: First opened in the year 2010, The Al Maktoum International Airport quite famously, is expected to be the largest airport in…
With the new Mira Coral Bay waterfront Ras Al Khaimah’s hospitality industry remains on the rise with more and more ambitious projects. According to Marjan, the master developer of freehold properties in the region, the new project is in the Al Mairid area. With the collaboration with Mira Developments, Mira Coral Bay is under construction and aimed at significantly changing the area for tourism and investment attractiveness due to luxurious comfort as well as the design borrowed from the corals themselves. Offering the convenience of being 10 minutes away from Ras Al Khaimah downtown and located directly on the Coral…
The Dubai Municipality has recently released version 2 of the Dubai Building Permits the abbreviated name of which is Dubai BPs, this is an android based application that provides services and information on building permits in the Emirate of Dubai. This new version introduces a range of enhancements to enhance the functioning of the program and cover the needs of the owners of buildings under construction, construction companies, and consultants. Among them, there is an important addition in the form of a new widget that can be used to view extended data on the land plots belonging to the owners…
The forum, due to be held in the UAE on October 1st 2024, will attract major players of the world’s business environment, including Arabian businesses, UAE-Russia Investment Forum 2024. The one day conference shall be held in Millennium Dubai Hotel and shall have attendance of many apex executives, prominent CEOs, investors and other business gurus of the public and private domain which would include Arab and global participants. It is recognized that the forum will create an opportunity for the policymakers, specialists, and businessmen to define priorities for the development of the business sector, especially considering the current shifts in…
First half of 2024 results: Al Ansari Financial Services group posted an NPAT of AED 205 million after tax, to be a leading financial services group in the UAE. The group’s EBITDA decreased by 8 percent YoY to AED136 million; however, it displayed robustness and effective management of its business divisions. Yet, one of the key highlights that was noteworthy at Al Ansari was the company’s Worldwide Cash Express money transfer segment, which witnessed a stupendous YoY jump in particular in the third party segment with percentages standing at 118. The transactional value was significantly higher during the year under…