Monthly Archives: June 2014
Dubai has been known the ultimate end of the line on the planet for shopping and hotel living and service, as per Trip advisor’s second yearly Cities Survey.
The review, by the world’s biggest travel site, dissected more than 54,000 reactions from late surveys with Tokyo named best general experience.
It discovered Dubai positioned first for shopping – in front of New York City and Paris – and first for the best lodgings, in front of Cancun in Mexico and Bangkok.
The emirate is a most loved among voyagers searching for a shopping occasion and is the destination to the world’s biggest mall, Dubai Mall.
It is likewise home to a plenty of extravagance lodgings, including the seven-star Burj Al Arab.
On the other hand, Dubai positioned least for social encounter behind other low positioning urban areas Sharm el Sheik in Egypt and Punta Cana in the Dominican Republic. The top ends of the line for society were Rome, Vienna and Paris.
Recently Dubai tourism boss uncovered their new goal – to make the emirate the most visited city on the planet.
One year into the conveyance of Dubai’s Tourism Vision for 2020, critical and initial steps have been taken to accomplish the focus of pulling in 20 million yearly guests by 2020, heading the tourism power to set the new aspiration.
Helal Saeed Almarri, chief general of Dubai’s Department of Tourism and Commerce Marketing (DTCM), said that if a development rate like that attained in 2013 is kept up – a 10.6 percent year-on-year build likening to 11 million inn visitors – Dubai will surpass London, which as of now pulls in 16 million sightseers yearly.
The TripAdvisor overview discovered Tokyo scored most elevated no matter how you look at it, positioning in the main 10 in 13 of 16 classifications.
New York City, the main US city assessed, topped the schedule for fabulous restaurants and nightlife and came next for best general experience. Barcelona came third.
Other high positioning urban areas were Singapore, which was number one for solace voyaging alone, and second for taxi administration, cleanliness of boulevards, simplicity of getting around and family-neighborliness; Rome, which bested the arrangement of attractions/things to do.
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As stated by the executive chairman of (DMCC) – The Dubai Multi Commodities Center has turned into the UAE’s biggest free zone, exceeding Jebel Ali
DMCC now has more than 7,330 presently registered, with an amount of 200 organizations joining every month and a preservation rate of 94 percent, said Ahmed Bin Sulayem in an announcement.
He said DMCC likewise remains the UAE’s rapidly developing free zone, including that it was aiming on 10,000 organizations by 2015.
Bin Sulayem said: “We are currently the UAE’s biggest and rapidly developing free zone with in excess of 7,330 dynamic organizations – we remain consigned to more development keeping in mind the end goal to bond Dubai as the worldwide destination for products exchange and enterprise.
“We are well on our approach to meeting our goal of 10,000 organizations by 2015.
“Our extension arrangements, including the DMCC business park and the world’s tallest commercial tower, will pander to huge enterprises looking to get to new markets and will be the following stage in DMCC’s and Dubai’s development.”
DMCC as of late declared arrangements to manufacture the world’s tallest business tower to coddle proceeded interest.
The development of the tower and 107,000 sq m business park will include an extra 50 percent of business space or 743,224 sq m to the current 2.9 million sq m of developed region.
Canister Sulayem included: “We keep on innovating and balancing key trading units over the globe to further backing Dubai’s yearning investment advancement program. Presently, we are focusing on serving markets along the new Silk Route and have turned into a solid facilitator of exchange for product utilizing nation which is in African and expending countries in Asia, Asian, Europe, South America and the US.”
A third of DMCC part organizations are from South Asia, a third from the Middle East (along with UAE), and a third from Western Europe and North America.
Gautam Sashittal, chief operating officer, DMCC, said: “In 2014 which is presently, around a 95 percent of the organizations that have decided to work from the DMCC Free Zone are new to Dubai, which moreover shows DMCC’s and Dubai’s relentless advance as a business terminus where Sme’s and multi-nationals much the same can use complete service tool stash, trade with trust and develop their business.”
With 65 blended use business and residential towers and around 220 retail outlets in operation, there are as of now more than 75,000 individuals working and living inside Jumeirah Lakes Towers.
The conversion of one of its lakes into a 55,000 sqm community park and the street arranges inside the advancement are because of be finished before this current year’s over.
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Three-day exhibition features 40,000 properties worth Dh16 billion for NRIs.
The 14th edition of the Indian Property Show kicked off on Thursday with 40,000 properties from across the country on offer. The properties, spread over four district pavilions, is worth Dh16 billion.
Bollywood filmmaker Arbaaz Khan opened the three-day property event at the Dubai International Convention & Exhibition Centre.
The exhibition targets the needs of NRIs in the Middle East, and features the latest projects in India as well as diverse offerings from India’s top developers. Exhibitors at the show include some of the best Indian real estate developers, construction companies, banks and real estate agents.
With over 150 developers, there are properties to suit every budget from across India. Either it’s someone’s dream home or ideal investment, the show brings properties from Delhi, Noida, Greater Noida, Gurgaon, Punjab, Mumbai, Navi Mumbai, Pune, Chennai, Jaipur, Bengaluru, Mangalore, Kochi, Ahmedabad, Coimbatore, Hyderabad, Nagpur, Lucknow, Goa and many more cities.
Visitors at the show are entitled to get free advice on any of their property related matter whether it’s for new property purchase; concerns related to existing property, tenancy laws etc.
Other highlights consist of series of Free Seminars that are designed to offer interesting insights and analysis for the attending delegates and are conducted by some of the most influential property industry gurus, and legal advisers. Know Your City, a new addition to the list of seminars giving visitors industry insights into new developments in India’s bigger cities also was a big hit last time and the organisers have brought it back with more insightful sessions this time around.
“Investment in Indian property sector is best investment amongst all asset classes for various reasons including highest LTV, tangibility, less volatility, rental income and appreciating asset. And the icing on the cake is that Indian property market is huge and yet affordable compared to international investment destinations. Capital appreciation on real estate in India is far higher than the high-yielding deposits for non-resident Indians (NRIs)”, Sunil Jaiswal, CEO Sumansa Exhibitions, organisers of Indian Property Show, said at the news conference.
Investors Clinic CEO Honey Katiyal commented: “Real estate sector has always been at the top of investment opportunity watch-list of Non-Resident Indians. A place in the homeland also gives a sentimental support and sense of security, which is another reason for their investment in real estate. NRIs invested over $2 billion in Indian real estate in 2013. They spent at least 35 per cent more in real estate across the country in 2013 compared with the previous year and made for almost 12 percent of total apartment sales in the top seven cities. This $2 billion investment does not include Punjab, Gujarat and Kerala states where a bulk of repatriation happens.”
According to the World Bank, India led remittance flows globally, receiving $70 billion in 2013, which eventually leads to investments in real estate, informed Katiyal.
Rajesh Life Spaces director Pratik Patel said: “NRI’s usually look for a property that can replicate their standard of living regardless whether the property will be utilised for end use or taken purely from an investment point of view. They don’t like to compromise on standards, convenience of lifestyle options and most importantly security. Any property with the said features and ranging anywhere between Dh600,000 to Dh1.5 million is popular with them.”
Source : khaleejtimes
The Dubai Electricity and water Authority will make an expenditure of AED 20bn ($5.4bn) on three key developments in order to keep up with the demand that will for services during World Expo 2020. As States by the government corporation the biggest part of the spending will be on a clean coal plant which will have a value of AED 13bn with a volume of 1200 megawatts.
Saeed Al Tayer the CEO of and managing director of DEWA stated that Dubai already possess huge reserves of water and electricity, this advancement is focussed on adding on more sustainable development. The new development will upsurge Dewa’s power production capability by 20 percent. Mohamed Lahouel – Dubai Economic Department chief economist told during a summit that this international event will in Dubai will increase the earning of small and medium sized business up to AED90bn. Lahoel further mentioned that Dubai is aiming a growth rate of 5 percent for the upcoming 5 years with macro stability.
He also mentioned that Dubai is anticipating visitor’s rate to 10 percent every year till 2020, this growth rate of visitors will continue to progress and it witness 20 million visitor target nevertheless of expo 2020. He says with the quantity of infrastructure, construction and sales there will be AED90bn prospect for Dubai’s SMEs Dubai Municipality planning department evaluated the emirates population progress and thy estimate it to progress from 2.3 million to 2.8 million by 2020 Najeeb Mohammad Saleh – head of planning department says the development should cross Emirates Road and this measure is undertaken to ensure adequate infrastructure to handle with the arrival of populaces Saleh said to Gulf News that to further asses which trend will the city progress in , they have incorporated the set-up of compact city and this is already implemented and accepted.
So all the forthcoming developments and projects, if it’s by the property developers or the government, it will be inside the city and should not surpass Emirates Road. Plans that have been already launched after the economic crisis have already discovered Dubais altered development priority.
As said by Jones Lang LaSalle CEO Middle East and Africa Alan Robertson: One of the fascinating things about the Mohammed Bin Rashid City is that lot of planning were initially going to be in Dubai land but now it the planning has been modified and incorporated into MBRC which is reversed into the centre of Dubai. He further says that it is a thoughtful strategy to change the expansion back in for infill.