NewsNick Hotel coming to Dubai
Hot on the heels of the launch of the Nickelodeon Arabia television channel, media giant Viacom International is planning to bring its Nick Hotel franchise to Dubai. Viacom, which has the MTV and Nickelodeon international networks among others in its bag of channels, also owns the Nick Hotels franchise...
Dubai rents begin to cool after record growth phase
There is light at the end of Dubai’s gloomy rental tunnel as the slowdown in residential rates continues. This is certainly good news for Dubai’s large population, increasingly frustrated by rental increases stretching their wallets. However, while no significant residential rental increases...
ACW unveils residential project worth Dh200m in Dubailand
Leading developer ACW Holdings, yesterday launched their latest development in Dubai, a Dh200 million freehold residential and serviced apartments project, aimed to give investors annual returns of around 45 per cent. Platinum Two has a built-up area of 164,598 square feet and is located in Arjan in...
World’s first $1 million holiday
Dubbed the world’s first seven-star hotel, the Emirates Palace Hotel in Abu Dhabi has put together a seven-night package that will cost $1,025,000 for two people. The trip of a lifetime kicks off in style with two first-class return flights from any where in the world. Once at the Emirates Palace...
ZSML secures new projects worth AED 250 million
Dubai-based construction company ZSML is celebrating the completion of its first year of business by signing two key contracts worth AED 250 million (US$71 million), the Seven Tides’ Ibn Battuta Gate Spa and Nakheel’s new sales centre at The Palm Deira. The projects, which are due to be completed...
GE and Mubadala combine forces
GE (NYSE: GE) and Mubadala Development Company, headquartered in Abu Dhabi, UAE, today announced a framework agreement on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning. Building...
Construction work on Oberoi Centre
Rani International Development LLC, the wholly-owned subsidiary of the Aujan Group, today announced the appointment of Al Naboodah Contracting LLC to undertake the construction works of the Oberoi Centre in Business Bay. Al Naboodah Contracting LLC will mobilize on site in Business Bay in July, following...
Baani unveils iDubai
Indian developer Baani on Sunday launched its first project in the UAE, valued at Dh1.5 billion in Dubai Maritime City, in conjunction with Gowealthy.com. The iDubai is located at the Harbour Residences of Dubai Maritime City and it comprises two 50-storey towers, the iTower and Sky Tower, offering residential...
Santorini on Marjan Island unveiled
Stallion Properties on Sunday launched the Dh1.2 billion Greek-style development on Marjan island in Ras Al Khaimah, in line with plans to raise its total portfolio in the UAE to around Dh4.5 billion. The Santorini development will comprise 560 units covering an area of just over 463,000 square feet....
Pearl Dubai to develop Dh2.5b Baccarat projects
In a move to bring a touch of Parisian glamour to the UAE, Pearl Dubai, a consortium of investors developing the Dubai Pearl, has announced the development of a Dh2.5 billion Baccarat Hotel and Residences. Nestled in the hub of the Dubai Pearl free zone, the Baccarat residences will include over 300,000...
