Arada has reported an exceptional sales performance in 2019, as the developer took advantage of the stable real estate market in Sharjah and introduced new communities that resonated with local and international buyers. The total value of Arada’s sales rose by 33% in 2019 compared to the previous year, boosted by significant investor interest in Sharjah’s largest mixed-use megaproject, Aljada. The total number of units sold by Arada increased by 86% against the previous year. HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said: “2019 was a very strong year for Arada, despite generally adverse conditions in the…
Author: Kasun Illankoon
Etihad Airways, the national airline of the United Arab Emirates, today committed to a minimum target of zero net carbon emissions by 2050 and halving of its 2019 net emission levels by 2035. The company’s ambitious environmental targets will be achieved through a mix of internal initiatives, collaboration with industry partners and adoption of a comprehensive program of relevant carbon offsets, to be developed with specific focus on the requirements of the UAE and markets served by the airline. The Group Chief Executive Officer of Etihad Aviation Group, Tony Douglas, said: “The global focus on the environment and the urgency…
The Middle East and Africa biometrics market is being forecast to surge at a 21.25% compound annual growth rate until 2027 with cloud-based biometrics identified as a growth driver[1]. The bullish forecast has come from international analysts InkWood Research which says the UAE will lead the regional biometrics market drive to serve its expanding infrastructure and construction sector while in terms of revenue generation, Saudi Arabia will dominate the market. While the growth is largely accredited to government reforms and expanding businesses and trade base and emerging IT industry and public service initiatives, biometrics is now impacting the everyday lives…
The UAE could save over US$3 billion (AED11 billion) through implementing advanced blockchain technologies, a joint whitepaper by the Centre for the Fourth Industrial Revolution UAE (C4IR UAE), Dubai Future Foundation (DFF) and the World Economic Forum, has revealed. Titled ‘Inclusive Deployment of Blockchain: Case Studies and Learning from the United Arab Emirates’, the whitepaper examines how the UAE’s current local and national blockchain strategies can provide audiences with insight into governance challenges and opportunities that other countries and companies can utilize when deploying blockchain technology. The findings published in the white paper shed light upon core requirements across both…
According to JLL’s The Business of Cities: Demand and Disruption in Global Cities, Abu Dhabi has been ranked as a hybrid city, characterised as both an emerging and new world city. Emerging global cities have established themselves as centres of finance, business services and retail. These cities are at the crossroads of serving the domestic market and enjoy strong exposure to the global economy. New World Cities also stand out and have gained a competitive advantage on the global stage because of their innovation capabilities, lifestyle or brand and influence. “It’s an interesting time for global real estate investments and…
Masdar has announced the launch of a sustainable real estate investment trust (REIT) – the first ‘green’ REIT to be introduced in the UAE. The REIT was launched at Abu Dhabi Sustainability Week (ADSW), by HE Ahmed Ali Al Sayegh, Minister of State and Chairman of Abu Dhabi Global Market (ADGM), Khaled Al Qubaisi, Chief Executive Officer of Aerospace, Renewables & ICT at Mubadala Investment Company, and Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar. The REIT will have an initial valuation of between AED950 million (US$258.7 million) and AED1 billion. The REIT will be established at…
Neal Manufacturing, a division of Blastcrete Equipment LLC and a leader in asphalt pavement preservation equipment, announces all their machines are Tier 4 Final compliant, including the DA 350 Dual Sealcoat Applicator and High-Volume Road Maintenance Vehicle. “As a customer-focused company, Neal Manufacturing is continually innovating, making sure our products employ the latest technology to meet or exceed all equipment standards,” said Tripp Farrell, president of Neal Manufacturing, a division of Blastcrete Equipment LLC. “Updating our line for Tier 4 Final compliance is just one of the many ways our team helps keep customers jobsite ready.” The DA 350 offers…
Samana Developers, a Dubai-based boutique real estate developer and a part of Samana Group of Companies, has announced Dubai’s first of a kind game-changer facility of 50% financing for its investors for its soon to be launched resort-style design award winning Samana Golf Avenue project located in Dubai Studio City and near Dubai Sports City. Samana Developers move comes at a time when the Central Bank of UAE, country’s banking regulator, discussed relaxing the existing ceiling of 20% financing by UAE lenders for real estate sector. Samana Developers is UAE’s first developer who is offering such a massive offer, while…
Wafi Group has acquired the UK’s Craig Bragdy Design (CBD) to establish a new business venture in the United Arab Emirates. A small family business in ceramics, started in Wales by Rhys and Jean Powell, the company is now managed by the founder’s two sons Nick and Shon Powell and is an established enterprise that creates art-based products for use in architectural settings. The new company in Dubai will be home to six of Craig Bragdy’s most experienced personnel and a re-establishment of CBD’s production technique in the heart of their main market. “This partnership has an interesting underlying…
According to the Emirates News Agency (WAM), H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, ordered the construction of 44 kilometres of internal roads. He made this statement while chairing the third meeting of the Fujairah Development Committee, attended by H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, and several officials, which discussed local development and services plans. During the meeting, Sheikh Hamad presented the details of key future development projects to be implemented in the emirate, stressing the importance of adopting the highest infrastructure quality standards, in line with…