Author: Ra'uf Asim Rahal
This Dubai based firm of property sales and property management, Allsopp & Allsopp has entered into a new alliance with Blacklane Middle East to offer better service to the luxury home buyers. In this partnership, clients who want to refer to residences priced above AED 10 million will be offer a pick-and-drop service by Blacklane for viewings. Blacklane has its own fleet of Mercedes Benz cars that are all electric, their drivers are elite professionals who have been trained to deliver prime luxury transportation. ‘With the help of Blacklane we strive to provide absolute selective and luxurious transportation services for…
The mortgage in Dubai increases to the 14-month high in May, according to the Dubai Land Department, it is the second highest month of all time. This increase has been occasioned by low interest rates and on record there are over thirty thousand new expatriates in the country this year and are in the market searching for houses to buy. Major areas of apartment mortgages include Downtown Dubai, JVC, Dubai Marina, JLT, and JBR. For villas, some of the most preferred among the others are The Springs, Arabian Ranches, Town Square, Al Furjan and Reem. The real estate firm, Allsopp…
The works of traffic enhancement in al Mankhool area in Dubai has been successfully completed by the RTA specialists on three major roads. This vast project, which consists of alteration works at Kuwait Street Intersection, 12A Street Intersection, and 10C Street Intersection, is the part of RTA’s program of road network improvement in the Dubai city. These initiatives are in line with initiatives to catalyse the flow and growth of the city’s economy, cater for the increasing population, keep Dubai as the global city as well as boost quality of life for residents. A recent interview by Hussain Al Banna,…
Amazon has announced that its annual Prime Day sales event will take place on July 16 and 17, starting at 12:In the United States, as a convenient schedule for most customers, it has been set at 01:00 p. m. Pacific Standard Time. Only for Prime members, its special and selective offers of this year’s event will be available in more than 20 countries namely Australia, Austria, Belgium, Brazil, Canada, Egypt, France, Germany, Italy, Japan, Hungary, Luxembourg, Mexico, the Netherlands, Poland, Portugal, Kingdom of Saudi Arabia, Singapore, Spain, Sweden, Turkey, the UAE, and the UK. Another notable observation for this analysis…
The Union recently released three new logos as three municipalities, namely Kalba, Khorfakkan, and Dibba Al Hisn in the Eastern Region of the Emirate of Sharjah have got an official nod from His Highness Sheikh Dr. Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. This was said during a live press briefing which was aired on the Direct Line program of Sharjah Radio and Television. Some of these logos can be interpreted as evidence of the desire for the complementary identities of these municipalities to be updated and adapted both culturally and historically for Sharjah’s Emirate.…
By 2023, real estate saw a rapid expansion in Dubai contributing 17 % to affordable houses and 21%to luxury houses. The cause for this boom is attributed to better economic conditions in Dubai, boosting trade place, and increased demand form investors. Off-Plan Properties: Advantages And Disadvantages Benefits: Lower Prices: However, initial costs are slightly lower here with developers giving a freebie and offering Pop Boyle deals of 5-15%. Customization Options: They can choose depending on the buyers’ wants and needs for the finishes and layout of the homes. Flexible Payment Plans: It is not a large payout at once but stretched…
HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy of Dubai and President of the National Olympic Committee of UAE, underlined the commitment and further steps of UAE towards the promotion of the principles and programmes of the Olympic Movement. This commitment shows the importance that the leaders of the UAE are putting on sports as well as displays their determination to support and partake in the Olympic effort. While celebrating the Olympic Day in Dubai, Sheikh Ahmed stressed that it remains one of the best ways through which the required values and principles are fostered. He also…
It would also be proper to take a look at the work that the DEWA accomplished as of now, particularly the commissioning of a new water reservoir in Enkhali to supply the residents of Dubai with fresh water. This huge reservoir with the capacity of 120 MIGs is capital intensive and its construction cost amounts to AED 287. 8 million. This corporate initiative is in consonance with the objectives of DEWA for improving the facilities for electricity and water supply, as well as an augmentation of water storage in Dubai. “Water security is a national security issue for the UAE,”…
Five-Year Tranche: Value: $1.75 billion Yield: 4.97% Spread: 35 basis points over US Treasuries This tranche saw a significant yield reduction from the initial guidance of 70 basis points. 2034 Maturity Tranche: Value: $1.5 billion Yield: 5% Longest Tranche: Value: $1.75 billion Yield: 5.5% Spread: 90 basis points Following this bond issuance comes the emirate of Abu Dhabi, which had its last eurobond sale in 2021st, one of the largest in the emerging markets in 2024. Currently, S&P Global Ratings affords Abu Dhabi an AA-Worst rating, putting it on par with countries like the UK, France, and Qatar which helps…
The President of the UAE, Sheikh Mohamed has captured the attention of social media users by posting a heart wrenching picture with a caption showing the love and Caress of Father on this Father’s day. The photo illustrated depicts Sheikh Mohamed as a child with his paternal father, UAE Founding Father, The Late Sheikh Zayed bin Sultan Al Nahyan, playing with him in water. “You will forever be our guide, our hero, and the icon of our country,” reads the message that is left beside the sculpture. This year Emirati astronaut Sultan Al Neyadi honored the Father’s Day by sending…