2014 – Tallest Year in History

Burj Daman Apartments

2014 was the year of the selfie, the Ice Bucket Challenge, films based on comic books, as well as the Chinese Year of the Horse. According to a new research, 2014 was also the “tallest” year in history. The Council on Tall Buildings and Urban Habitat (CTBUH) has found that last year alone, the number […]

Dubai Real Estate Transactions Reached AED 218 Billion in 2014

Business Bay Dubai 3

Authority records AED 150 billion land sales and mortgages Sales acquire 51% of the total transactions Al Thenaya Al Thaletha and Al Barsha South most attractive areas for investors Dubai Land Department ‘s ( DLD ) annual report issued by Real Estate Research and Studies Department has announced that the total amount of real estate […]

5 Characteristics That Define Dubai Transformation over the Last 10 Years

Palm Jumeirah

During the past decade, Dubai has changed and evolved in various and unpredictable ways. Here are some of the most fascinating details about it. Growing Population In just one decade, Dubai’s population has managed to grow at an incredibly fast pace. Back in 2004, the city’s population was estimated at nearly 1.17 million. Ten years […]

Burj Khalifa Marks 5th Anniversary with 5 Days of Celebrations

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On January 4, 2015, Burj Khalifa officially turned five! Although the world’s tallest building already marked its anniversary with festive events on the day of its birthday, the celebrations will continue for five full days. The birthday event goes under the slogan “Five fabulous years of achievements, pioneering, splendor and magnificence.” On the very day […]

Dubai Duty Free Posts Record Sales for 2014, Lags behind Seoul

Dubai International Terminal 1

Dubai International is clearly among the world’s busiest airports with its Duty Free registering yet another sales record. It announced sales in 2014 reached $1.917 billion (AED 6.99 billion), which represents a leap of over 7% over the previous year’s figures. However, Dubai Duty Free lags behind Seoul’s Incheon International, which hit all-time world record […]

dnata records global investment of over AED545 million in 2014

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In 2014, dnata invested more than AED545 million to deepen its service offering in travel, cargo, ground handling and catering. The investments, made across the globe, included the acquisitions of Gold Medal Travel and Stella Travel Services, new halal kitchens, enhanced cargo infrastructure in the UK, and continued investments in the company’s operations in Dubai. […]

Dubai enters into 2015 with an increased budget to stimulate economic growth

Dubai’s budget for the year 2015 was approved based on a set of core principles, namely: – 41 billion dirhams, up 9% from the balance of the fiscal year 2014 – Provides 2,530 job opportunities – Continues to stimulate economic growth – Accentuates the social services sector – Has an operating surplus of AED 3.6 […]