Last week, Dubai once again announced a new mega-project, called Mall of the World. It will comprise of the largest shopping mall worldwide, hotels and shopping streets. Requiring a massive investment of $6.8 billion, the ambitious project together with the potential overbuilding is raising concerns about the risks of repeating the 2009 property market crash […]
Dubai Holding today introduced new commercial incentive packages to encourage hotel and leisure industry investors to enter the three and four-star hotel segment. The step comes as part of Dubai Holding’s strategy to further support the development of Dubai’s tourism sector and in particular the objectives outlined in the Emirate’s Tourism Vision 2020.
Almost 600,000 square meters of industrial, tourism and real estate projects to be awarded at the upcoming event in May The Western Region Development Council (WRDC) has said that it will award a number of new development projects at the second annual Al Gharbia Development Forum (AGDF), which will be held on May 20th, 2014 […]
Dubai-based MAG Group has signed a joint venture (JV) agreement with Dubai Healthcare City to develop approximately one million square feet mixed-use project in Dubai Healthcare City at an estimated cost of around AED 800 million.
Construction begins on state-of-the-art 700 000 m2 cargo terminal Construction has begun on Emirates SkyCargo’ s new state-of-the-art cargo terminal and supporting facilities at Dubai World Central Al Maktoum International Airport, which is set to become the home of its freighter operations from May 2014.
The International Air Transport Association (IATA) announced global passenger traffic results for May showing that air travel continued to expand at a healthy rate. Growth was led by emerging markets. Compared to the year-ago period, overall demand rose 5.6%, while capacity climbed 5.2% pushing the load factor up 0.3 percentage points to 78.1%.
The Palazzo Versace Dubai hotel is scheduled to open its doors next year, according a number of most recent media reports. However, the construction works on the building seem to be halted in recent days. Passing by, one can’t see workers rushing back and forth on the construction site. This may be due to the […]