Press

Under the patronage of UN Messenger of Peace and Chairperson of the International Humanitarian City (IHC) HRH Princess Haya Bint Al Hussein, wife of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the UN's World Humanitarian Day was marked on Sunday, August 19, 2012.

Residential land prices in some of the most exclusive parts of the Palm Jumeirah have shot up by 30 per cent over the past year as Dubai's property market continues to recover. Nakheel, the developer behind the man-made island built in the shape of a palm tree, said yesterday it had sold a 305,704 square foot prime plot of land for Dh400 million (US$108.9m) to an anonymous local investor for a total purchase price of Dh1,302 per square foot.

Owners of apartments in the world’s tallest tower – Burj Khalifa – have a view on owners associations (OA) that seems out of synch with the rest of Dubai. Owners admit that Emaar Properties, the developer of the tallest tower in the world, hasn’t yet updated them on the OA details and they hardly have time to contend with issues like service charge fees or delays in formation of OAs.

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.

It's a designer dream set in the striking Burj Khalifa. The Burj Khalifa, the world’s tallest building, is home to the über elegant Armani Hotel Dubai, the world’s first hotel designed and developed by Giorgio Armani. The hotel occupies the Concourse Level to Level 8 and Levels 38 and 39 of the Burj.

Burj Khalifa, the world's tallest tower and perhaps the poshest address in the Gulf, is fast acquiring a distinct Indian identity. Indians now own more than a hundred of 900 apartments in Dubai's 828-metre skyscraper, a sign of the growing financial power of the community in the West Asia. "Indians have bought between 100 and 150 apartments since its completion in 2010," an executive of project developer Emaar Properties said on condition of anonymity.

(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 Address Hotels + Resorts, the five-star premium hotel brand of Emaar Hospitality Group, has announced the launch of special Iftar and Suhour buffets for the month of Ramadan. The Address Downtown Dubai, The Address Dubai Mall, Dubai Marina and The Palace – The Old Town; are offering an unprecedented experience that suits the spirit of the Holy Month, a statement from a hotel official said.

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.