Press

Dubai builder Arabtec Holding has announced that one of its units has been awarded a construction contract valued at AED2.59 billion on Abu Dhabi’s Al Reem Island.

Following the successful launch of Vida Residence, The Hills, Emaar Properties has launched the second serviced residence project under the upscale hotel concept Vida brand in Downtown Dubai, the company’s flagship mega-development.

Burj Khalifa was official opened and became the world’s tallest tower on January 4, 2010. This year on January 4, the Accession Day of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, the super skyscraper completes four years and continues to remain the undisputable leader of tall towers globally.

Properties in Burj Khalifa are lording it over Dubai’s property market, both literally and figuratively. Apartment values at the world’s tallest high-rise have easily outstripped those at freehold units across the city, with asking rates at or around the Dh4,000 a square foot mark.

Hotels in Dubai recorded the biggest increase in average daily rate, or ADR, in the Middle East/Africa region in November to underscore the emirate’s position as the fastest growing hospitality hub of the region.

Emaar Properties, the builder of the world’s tallest skyscraper, rose to a five-year high as investors bet Dubai-based developers will benefit from economic growth in the emirate.

Sydney’s Toko Restaurant & Lounge has opened its first restaurant outside of Australia in Dubai. The Dubai restaurant is a collaboration between Bulldozer Group and Emaar Hospitality.

Do you want to see the fireworks from Burj Khalifa, Atlantis, Burj Al Arab, and the World Islands all at once on New Year's Eve? This is possible by simply hopping on board the Dubai Ferry, operated by the Road and Traffic Authority (RTA) in a special New Year's Eve tour.

A senior executive at real estate firm DAMAC Properties has urged Dubai residents to stop complaining about rising rents, specifically those who live in luxury developments that are above their pay-grade, such as the Burj Khalifa.

On 31 December, the skyline of Dubai will be lit up with a host of impressive fireworks displays which promise to place the city as one of the world’s premier locations in which to mark the end of 2013.