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Dubai News
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The World in not enough
Rod Stewart is believed to have bought Britain and Angelina Jolie is said to own Ethiopia, but the singer is not our new head of state and the actress has not yet saved Africa's poor.
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Jumeirah Beach named best hotel
Dubai: For the third year in a row, readers of one of Germany's leading business travel magazines, Business Traveller, have chosen Jumeirah Beach Hotel as the 'Best Hotel in the Middle East'.
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‘Islamic’ hotel opens in Dubai
Hotel management group Millennium is planning to open a 163-room Sharia-compliant property in Dubai.
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Liverpool turmoil grows as Rafael Benitez stays defiant
TOM HICKS and George Gillett face a decision whether to relinquish control of Liverpool or struggle through a gathering mass of problems, after being put on the spot by would-be buyers of the football club, DIC (Dubai Investment Capital).
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Four private sector doctors banned from practising
Four private sector doctors have lost their licence, including two who gave thousands of unjustified sick days off in one and a half years. A clinic was downgraded for offering a service without licence.
Another doctor is on the verge of losing his licence to practise in Dubai, also for issuing sick leave certificates "without any medical justification".
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Dubai Business News
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Dubai hotel revenues soar 16% to Dh12.5b in 2007
Hotel revenues in Dubai, the Gulf's largest tourism destination, grew 15.74 per cent touching Dh12.5 billion in 2007, up from Dh10.8 billion in 2006, according to a top government official.
Khalid A. Bin Sulayem, director-general of the Department of Tourism and Commerce Marketing (DTCM), said Dubai's tourism industry is booming with stellar performance each passing year.
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Dubai plans Dh3.6b bid for Liverpool
Dubai: Dubai International Capital (DIC), the investment arm of the Dubai Government, is planning to launch a £500 million (Dh3.64 billion) bid to buy Liverpool Football Club, BBC Sport reported on Saturday without citing any source.
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Dubai economy suffers $100mn hit
Dubai's economy could be facing losses of around 432 million dirhams ($117.6 million) following the city's complete shutdown on Monday for the visit of US president George W. Bush.
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Old-jewellery sales keep gold refiners busy
Gold refiners in Dubai are receiving more old jewellery to process as record high prices of the metal are tempting people to sell gold or trade in their possessions for new items, experts said.
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Fraud more than doubles in Gulf
Fraud has more than doubled in the GCC in the last three years with total losses for 2007 hitting $45 million, a new report has revealed.
The study by international audit and advisory firm KPMG shows that 40% of firms in the region now see fraud as a major hurdle for conducting business here, UAE daily Emirates Business 24/7 reported on Tuesday.
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Dubai Real Estate News
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New rotating Donut tower for Dubai
In skyscraper–crazy Dubai, tall isn’t enough. In a design to be unveiled Wednesday in the oil–rich emirate, David Fisher, an Italian–Israeli architect, has dreamed up a 68–story combination hotel, apartment and office tower where the floors would rotate 360 degrees. Each floor would rotate independently, creating a constantly changing architectural form.
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Burj Dubai set’s world record with 120 Floors
Burj Dubai, the iconic structure set to be the tallest buildings in the world, built by Emaar Properties, the largest real estate development company in the world, has set a new global record for having more floors than any building in the world. Already the tallest structure in the Middle East and Europe, Burj Dubai is currently 422.5 m high with 120 storeys. Burj Dubai will be the tallest building in the world in all four categories recognized by the Council on Tall Buildings and Urban Habitat (CTBUH), which compiles and ranks the world’s tallest buildings. CTBUH ranks buildings on the basis of spire height, the highest occupied floor, roof height and pinnacle height.
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2007 – A Landmark year for Landmark Properties
Having witnessed sustained growth since its inception, the company announced the appointment of Craig Johnson as General Manager in January 2007. Under the leadership of Mr. Johnson, Landmark Properties aims to continue its expansion and achieve its vision of becoming the number one provider of corporate, investment, developer and consumer property solutions in the Gulf. A goal that is looking ever more likely with the company’s growing market share and diverse portfolio.
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Nakheel sells Ireland on ‘The World’
Nakheel, the world’s largest privately-held property developer, announced today the sale of the island of Ireland in its iconic “The World” project to an Irish business consortium. Ireland was sold for AED 142 million and will now bring the total number of islands sold on The World to 40%.
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Dubai office rents among most expensive in world
Offices in Dubai are the 10th most expensive in the world, with average annual rental costs touching Dh291.7 ($79.93) per square feet in 2006, the world’s second largest real estate brokerage said yesterday.
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