Developers clueless as strata registration deadline looms
"Rera (Real Estate Regulatory Agency) appears to have the power to take whatever appropriate action it considers necessary to enforce the obligation to register a JOP Declaration.
Depa finds comfort with Singapore purchase
Depa, the contractor that installed the interior of the world’s tallest tower, the Burj Khalifa, has paid S$108.7 million (Dh295.1m) for a furniture maker based in Singapore as it expands its presence in Asia.
Armani Hotel to host ACN Arab Technology Awards
The 2010 ACN Arab Technology Awards will take place at the highest building in the world, the Burj Khalifa. This year’s ceremony will be hosted by the Armani Hotel and will see over 300 of the most important and influential figures in the Middle East enterprise market gather for one night.
Exclusive: Dubai World prized assets on sale to cut debt
Dubai World is prepared to sell prized assets including previously ringfenced ports firm DP World in a bid to raise as much as $19.4 billion to repay creditors, a document obtained by Reuters showed. The document, presented on July 22 to creditors at Dubai's lavish Atlantis Hotel, also revealed that the state-owned conglomerate's debt stood at $39.9 billion
Dubai’s Depa posts H1 net loss on outstanding claim
Dubai-based interiors contractor Depa Ltd fell into the red in the first half of the year due to an outstanding claim relating to a project, it said on Thursday, sending its shares lower. Depa said in a statement it made a net loss of 103.6 million dirhams ($28.21 million) due to a claim relating to Burj Khalifa, the world's tallest tower in Dubai.
Dubai has 2,000 owners’ associations: Cluttons
Cluttons, property consultants and estate agents, estimates there are about 2,000 owners’ associations in Dubai with Burj Khalifa having seven. The Real Estate Regulatory Agency (Rera) has set an October deadline to complete all documentation process and register owners’ associations.
Exquisite venues for dazzling events at Downtown Dubai
The four venues - all located in Downtown Dubai, the new heart of the city – are in close proximity to Burj Khalifa, the world's tallest building, and offer a spectacular ambience set against The Dubai Fountain, the world's tallest performing fountain that sways to rhythmic music. Burj Park, Burj Khalifa Steps, Burj Plaza and Emaar Boulevard are now all set to host events – from massive concerts for thousands of fans to elegant corporate gatherings to high-end catwalk fashion shows, in customized settings
Sorella makes Wallpaper* magazine’s list of top biz hotels
Teaming with Fortune magazine, the design rag employed a panel of discerning judges, who placed Sorella among the ranks of NYC's Ace Hotel, Soho House in Berlin and Dubai's new Armani Hotel. Explains Wallpaper*, "Our shortlist ranges from grand luxury openings to inspiring relaunches of old favourites and contemporary openings in up-and-coming destinations."
Brand hotels are all the rage
The elite world of fashion is no longer limited to the clothes on your back. Famous brand names such as Armani and Bulgari can now be found in the hotel rooms in which we sleep and the food we eat as they increasingly stake their claim in hospitality.
Depa wins $60m contract for Angolan hotel project
Depa Limited, the interior design contractor who fitted out the Emirates Palace Hotel, Burj Al Arab and Burj Khalifa, has signed a $60m contract in Angola, the Dubai-based company announced on Wednesday. Based in Dubai, but with sixteen offices and 8,000 staff worldwide, Depa has worked on projects such as the Atlantis Hotel, Armani Hotel and Burj Al Arab in Dubai, Yas Island and Emirates Palace hotels in Abu Dhabi, the Dubai Metro, Dubai Airport and the Savoy and Waldorf hotels in London.
