Thu 31 Oct 2024 Under Colm McLoughlin’s visionary leadership, Dubai Duty Free transformed from a $20 million business in 1984 to a $2.16 billion enterprise by 2023. McLoughlin, the former Executive Vice Chairman & CEO of Dubai Duty Free, passed away on October 30 at the age of 81, as reported by local media. […]
Colm McLoughlin, Visionary Behind Dubai Duty Free, Passes Away at 81 Read More »
Sun 29 Sep 2024 Ellington Properties, a prominent Dubai real estate developer, has unveiled plans for Playa Del Sol, its latest luxury residential project on Al Marjan Island in Ras Al Khaimah. This announcement follows the successful launch of Cala Del Mar, marking the company’s fourth development in the region. Playa Del Sol is projected
February 18, 2024 at 9:00 AM GMT During the peak of the global pandemic, as Dubai grappled with expatriate departures and rising competition from nearby business centers, the government made pivotal decisions. These choices are currently shielding the city from the commercial real estate downturn sweeping across the world. The United Arab Emirates, including
Dubai’s Golden Visas Bolster City’s Resilience Amidst Global Office Downturn Read More »
Dubai Witnesses Record-Breaking $173 Billion in Real Estate Transactions in 2023 Dubai experienced a significant surge in real estate transactions, reaching nearly $173 billion in 2023, marking an all-time high for the emirate. The Dubai Land Department (DLD) reported a remarkable achievement with 1.6 million transactions encompassing various real estate activities, including transactions and
Dubai’s Department of Economy and Tourism (DET) has forged a partnership with Microsoft to accelerate innovation within the emirate. The collaboration seeks to advance Dubai’s economic vision as outlined in the D33 – Dubai’s economic agenda, which targets doubling the size of the economy and attaining a top three global city status by 2033. Focused
AD Ports Group revealed on Tuesday that Maqta Gateway, its digital arm specializing in cutting-edge trade digitalization solutions, has acquired a 60 percent equity stake in Dubai Technologies, a trade and transportation solutions developer based in Dubai. The equity acquisition deal is valued at approximately AED28 million. Dubai Technologies has developed Minato, an intelligent ports’
Dubai is poised to elevate its global prominence with the introduction of a series of expansive public art projects and iconic installations, set to redefine its cityscape and bolster its status as a burgeoning business hub and prime real estate destination. Initiated by Inloco, a Dubai-based organization dedicated to promoting arts and artists, these
A recent survey conducted by e-commerce firm Zbooni revealed that approximately 85 percent of UAE residents favor communicating with businesses through WhatsApp. Among 1,000 UAE residents surveyed, the messaging app emerged as the top choice for communication, valued for its speed, accuracy, and assistance compared to other communication channels. Ramy Assaf, CEO and co-founder
Ennismore, in collaboration with developer East & West Properties, Driven Properties, and Refine Development Management, introduces a new real estate venture named Rixos Financial Center Road Dubai Residences. Situated in Downtown Dubai, these residences will soar to a remarkable height of 340 meters, spanning an impressive 76 stories. Francois Baudin, Chief Business Officer of
Wedding proposals in Dubai can reach staggering costs of up to AED250,000, shared an event planner with Arabian Business. The trend leans towards “golden hour” settings along the coastline with views of the Burj Al Arab or rooftop venues overlooking the iconic Burj Khalifa, the world’s tallest building. Dubai is ascending as one of
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