May 2023

The trial conducted by Fakeeh University Hospital stands as the first of its kind in the Middle East In another unique public-private sector partnership that raises Dubai’s global competitiveness as a hub for advanced technologies and smart applications, the city saw the completion of the first successful trial of medical delivery via drones at the Dubai Silicon Oasis (DSO). The completion of the trial makes Fakeeh University Hospital, an academic-focused smart healthcare facility based in DSO,the first healthcare provider in the Middle East to leverage drone technology for medication delivery. The step further strengthens the Hospital’s position as a leading healthcare institution

Dubai, the city and emirate of the United Arab Emirates, is a highly desirable place to visit for its modern architecture, nightlife scene, and record-breaking skyscrapers. However, if you plan to party the night away or go bar-hopping, you must familiarize yourself with alcohol laws. You might be shocked by how much they differ from your home country. Muslims Can’t Drink You might assume that as long as a bar employee in Dubai has the local equivalent of an RSA, they can serve any bar patron alcohol. After all, hospitality training ensures you can provide safe alcohol service to ensure your patrons drink

The real estate and properties transactions valued at AED 11.1 billion in total during the week ending 26 May 2023. The sum of transactions was 3,321.  220 plots were sold for AED 2.54 billion, 2,398 apartments and villas were sold for AED 5.85 billion.  The top three transactions were a land in Madinat Al Mataar sold for AED 659.54 million, followed by a land that was sold for AED 169.39 million in Madinat Dubai Almelaheyah, and a land sold for AED 83 million in Al Barsha South Fourth in third place. Wadi Al Safa 3 recorded the most transactions for this week by

Deyaar Development PJSC (Deyaar), one of the leading real estate developers and service providers in Dubai, has announced the launch of Millennium Talia Residences, exquisitely designed and luxuriously furnished hotel apartments operated by Millennium Hotels & Resorts. Strategically situated at a convenient location in Al Furjan, one of Dubai’s most popular and vibrant districts, Millennium Talia Residences is poised to set a new standard of hospitality living within the community. The project will be Deyaar’s second release in Al Furjan out of a total project portfolio worth AED 300 million, and their fourth property managed by Millennium Hotels & Resorts, after

The ’Economic Impact Study’ was published by leading independent market research consultancy IPSOS Art Dubai, the leading international art fair for the Middle East and Global South, today announced that the five-day event, held between March 1 and 5, 2023, has delivered an outstanding direct economic impact of AED143 million to the city. New figures revealed in the ‘Economic Impact Study’ by leading independent market research consultancy IPSOS also showed that the renowned art fair attracted a staggering 23,500 hotel room bookings to Dubai. The recently announced figures demonstrate a significant rise in economic impact, surpassing the most recent comparable data by over

The real estate and properties transactions valued at AED 9.1 billion in total during the week ending 19 May 2023. The sum of transactions was 3,105.  191 plots were sold for AED 1.14 billion, 2,284 apartments and villas were sold for AED 6.03 billion.  The top three transactions were a land in Island 2 sold for AED 135 million, followed by a land that was sold for AED 50 million in Business Bay, and a land sold for AED 50 million in Hadaeq Sheikh Mohammed Bin Rashid in third place. Al Hebiah Fifth recorded the most transactions for this week by 54 sales

Image by viarprodesign on Freepik Recent years have witnessed a global football trend in the Gulf countries. After Qatar hosted the 2022 World Cup, and the Club World Cup in the UAE for the years 2017, 2018, and 2021, the Arab masses are still waiting for the establishment of many international football competitions. These tournaments are also accompanied by major football betting events and mass events that attract football fans around the world. The Gulf countries, most notably Dubai, which is a global economic center, host one of the most prominent football stadiums that everyone visits, and that would host major international events

The real estate and properties transactions valued at AED 9.4 billion in total during the week ending 12 May 2023. The sum of transactions was 3,112.  170 plots were sold for AED 1.89 billion, and 2,261 apartments and villas were sold for AED 5.34 billion. The top three transactions were a land in Al Sufouh Second sold for AED 300 million, followed by a land that was sold for AED 148.25 million in Saih Shuaib 4, and a land sold for AED 128 million in Island 2 in third place. Al Hebiah Fifth recorded the most transactions for this week by 57

Emaar Properties PJSC (DFM: EMAAR) has announced robust Q1 2023 financial results attributed to good property sales performance and operational excellence across its businesses.  Key Accomplishment Highlights  Emaar reported revenue of AED 6.3 billion (US$ 1.7 billion) in the first quarter of 2023, supported by increased tourism, retail sales and demand for real estate projects in Dubai. Emaar recorded an EBITDA and net profit for the first quarter of 2023 of AED 4.0 billion (US$ 1.1 billion) and AED 3.2 billion (US$ 873 million), respectively, which is an increase of 26 per cent and 43 per cent, respectively, compared to the first

Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business that is majority-owned by Emaar Properties PJSC (DFM: EMAAR), recorded robust property sales with a 26% increase to AED 8.603 billion (US$ 2.342 billion) in Q1 2023 compared to AED 6.843 billion (US$ 1.863 billion) in Q1 2022. This performance resulted from Emaar Development’s successful property launches, which created a good revenue pipeline for the future and marked steady progress towards the company’s strategic initiatives to further cement its position as a trusted developer. Emaar Development successfully launched seven projects during the first quarter of 2023, Elora in The Valley,