BUSINESS & JOBS

The Dubai Land Department data on Burj Khalifa, sent exclusively to this website, reveals that Indians spent over Dh814 million on purchasing properties in the 828 metre-high iconic tower, while Iranians bought properties worth Dh470 million. Britons were third in the list of top five buyers - nationality wise - purchasing properties worth Dh301 million.

(MENAFN Press) Ramada Downtown Dubai, located in Dubai's most prestigious and vibrant district, hosted a familiarisation trip for the top travel agents from Tez Tours Stravropol Russia to promote Dubai as a hot destination for Russian travellers. During the familiarisation trip, the travel agents were facilitated and shown around the hotel property to showcase the distinctive features, the first-rate amenities and the world-class hospitality service of the hotel.

Emaar Properties saw strong demand for a $500 million seven-year Islamic bond, or sukuk, priced on Thursday, arranging banks said, in the latest sign that investor confidence in Dubai is returning as state-owned firms repay their debts. Orders worth $4.65 billion were placed for the sukuk from 185 individual investors, according to statistics provided by the lead banks.

The total value of real estate transactions rose by almost 22 per cent to Dh27 billion in the first half of 2012 compared to Dh22 billion same period last year, Dubai Land Department data reveals. Burj Khalifa area (Downtown Dubai and Business Bay) topped the list of most traded areas in value terms, while Al Thanyah Fifth (Jumeirah Lakes Towers) registered the highest number of transactions in the first half of the year.

The Burj Khalifa—currently the tallest building in the world and a landmark on the Dubai skyline—was lauded for its luxury apartments and deluxe amenities when it opened in 2010. Investors called the building "distressed" back in February, bringing to mind other super-ambitious real estate projects that have failed in the emirate in recent years.

Emaar Technologies, a unit of top developer Emaar Properties, said it has been awarded with ISO/IEC20000-1:2005 certification for its IT service management system, underscoring its adherence to the IT industry best practices across all aspects of operations. Emaar Technologies provides end-to-end ICT solutions & services to external organisations as well as the various business units of the Group.

The jetpack rider is initially hidden within the billboard, then emerges and flies around it for approximately 20-30 seconds, before landing back on the billboard. The makers claim that one month of continuous advertising would run up a cost of US$1.3Bn, which rather begs the question of what else the company could do with $1.3Bn. Thoughts such as 'retire and stop doing very expensive billboards' spring to mind.

His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued Regulation No. 2 of 2012 to add some land to areas where non-UAE nationals may own real estate properties in the emirate of Dubai.

There's a picture of Dubai's giant Burj Khalifa skyscraper on the cover of the PowerPoint presentation that Cyril and Shardul Shroff use to explain the far-reaching reorganization that they've planned for their law firm, Amarchand & Mangaldas & Suresh A. Shroff & Co. Not that the Shroffs, who are brothers and Amarchand's co–managing partners, have any plans for a big Middle East push.

Burj Khalifa, the world’s tallest building, has been picked by the GCC Civil Defence General Managers as an ideal example for high rise structures in terms of fire protection systems and safety measures taken in emergency cases. The civil defence managers team, which concluded its 23rd meeting in the UAE, agreed to circulate the fire protection system installed in Burj Khalifa to the member states