Discover Dubai’s Unforgettable Summer Adventures With The New #DubaiDestinations Guide
As part of the latest phase of the #DubaiDestinations summer campaign, a new interactive guide titled ‘Dubai’s Summer Gems’ was issued today by Brand Dubai, the creative arm of the Government of Dubai Media Office. Showcasing a comprehensive compilation of tranquil beach destinations, exhilarating water activities, and captivating waterparks, the new guide perfectly encapsulates Dubai's distinctive summer ambiance and unparalleled experiences that distinguish it as one of the world's most fascinating destinations during the warmer months. Shaima Al Suwaidi, Director of Brand Dubai, said:“‘Dubai’s Summer Gems’guide unveils the best of what our city has to offer during the summer months. It serves
AED13.4 billion value of real estate transactions in Sharjah in H1 2023
The real estate sector in Sharjah achieved a trading value of AED13.4 billion during the first half of 2023, with an increase of 19.2 percent compared to the same period last year. According to the semi-annual report issued by the Sharjah Real Estate Registration Department on the real estate in the emirate, there were 40,843 transactions in the first half of 2023, and the value of real estate mortgages amounted to AED4.1 billion. Abdulaziz Ahmed Al-Shamsi, Director-General of Sharjah dex Estate Registration Department, said, “The real estate sector in Sharjah continues to be one of the most important economic pillars in the
22.139 Million Travel Bags Handled By Dubai Customs In Dubai Airports During H1 2023
Dubai Customs, through its Airport's customs centers, under the management of the Passenger Operations Department, have efficiently handled over 22.139 million travel bags in the first half of 2023. This achievement, which is attributed to the development of inspection and scanning devices at the customs centers, demonstrates the advanced customs services provided by Dubai Customs, which have significantly reduced the time required for travelers to pass through airports without any delays. These advanced devices, coupled with the inspectors' expertise in interpreting body language, enable them to effectively detect attempts to smuggle prohibited substances. They ensure a high level of efficiency through thorough
Sobha Realty Successfully Issues $300 Million Sukuk
Sobha Realty announced on Thursday the successful issuance of its inaugural $300 million 5NC3 Sukuk. This landmark achievement includes a call feature, making it the first of its kind for a GCC sub-investment grade benchmark-sized Sukuk. The issuance not only signifies a significant milestone for Sobha Realty but also for the entire industry. The Sukuk issuance garnered exceptional investor diversification, with a notable participation from international investors. This achievement highlights Sobha Realty's commitment to innovation and its ability to attract a diverse range of investors from around the globe. The company takes great pride in the trust bestowed upon them by
Dubai Continues To Reinforce Its Position As Major Global Economic Hub
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council said Dubai continues to reinforce its position as a major global economic hub, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. Driven by H.H. Sheikh Mohammed’s visionary strategy to enhance sustainable economic growth and raise global competitiveness, Dubai has emerged as one of the world’s safest and most attractive cities to live, visit and work. Reviewing a report on Dubai’s economic progress in the first half of 2023, H.H. Sheikh
Summary Of Weekly Real Estate Transactions For The Week Ending 14 July 2023
The real estate and property transactions were valued at AED 13.7 billion in total during the week ending 14 July 2023. The sum of transactions was 3,626. 618 plots were sold for AED 6.19 billion, and 2,410 apartments and villas were sold for AED 5.63 billion. The top three transactions were land in Al Goze Second sold for AED 68.12 million, followed by land that was sold for AED 67.92 million in Al Goze Second, and land sold for AED 67.56 million in Al Goze Second in third place. Al Goze Second recorded the most transactions for this week with 271 sales transactions
UAE Press: Changing Graph Of World Population
In light of World Population Day, marked by the United Nations on July 11, a local newspaper has said that the world’s population has now crossed eight billion, and it is projected that it will reach 9.7 billion by 2050. In an editorial on Wednesday, Gulf Today said, "The world’s population was 2.8 billion in 1955. So, in 58 years, the world’s population trebled. But the population growth is slowing down now across many countries, though the numbers in individual countries are growing. It is reckoned that 367 million babies were born in 2022, which works out to 367,000 babies a
Deyaar launches Jannat, the signature project and final residential district in Midtown Dubai
Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, has announced the launch of Jannat, the final residential district of Deyaar’s flagship community project Midtown. The project elevates the overall Midtown community to new heights with its iconic design and state-of-the-art amenities. Thoughtfully designed for elegant living, the district of Jannat, with a built-up area of 521,400 square feet (sq ft), comprises two impressive towers seamlessly connected by a bridge and is strategically located at the heart of Midtown in Dubai Production City, offering easy access to major highways, airports, transportation networks and major destinations within
Arada Reports 186% Rise In Sales During First Half Of 2023 To AED4.26bn
Arada has reported a record-breaking sales performance during the first half of the year, as buyer demand for its lifestyle communities in Sharjah and Dubai continues to gather pace. The master developer posted a 186 percent increase in sales in the first six months of 2023 compared to the same period in the previous year, with the total value of property sold reaching AED4.26 billion. In total, Arada sold 1,616 homes at its communities during the first half, a 23 percent increase on the same period in 2022. HRH Prince Khaled bin Alwaleed bin Talal, Vice Chairman of Arada, said: “We have consistently
The Sobha Group introduces Stay by Latinem, a line of opulent vacation houses
Offers distinctive experiences and a wealth of amenities in Dubai Stay by Latinem Holiday Homes, a high-end property by Sobha Realty, integrates cutting-edge technologies with luxury to offer distinctive experiences with a wealth of amenities all under one roof in Dubai. In some of the most sought-after areas of the city, Sobha Realty offers a high-end hospitality experience through its Stay by Latinem Holiday Homes division. Travelling and vacationing are still growing, and because of this, vacation homes are becoming more and more common in the hospitality industry. Vacation houses have gained popularity recently by providing people with a "home away from