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DAMAC Awards Contracts Worth AED430 Million (25 April 2019)
DAMAC Properties has announced the awarding of multiple contracts worth AED430 million, as it moves ahead with key UAE projects.

Dubai Economy Strengthens Partnerships With Government, Private Departments (25 April 2019)
Dubai Economy concluded over 61 strategic agreements with various government and private departments in 2018, according to Sami Al Qamzi, Director-General, Department of Economic Development - Dubai.

DGCX To Expand Access To Gold With Mini-Mold Product, In Partnership With RAKBANK (25 April 2019)
The Dubai Gold & Commodities Exchange (DGCX) in partnership with RAKBANK, today announced plans to launch a Mini-Gold Futures product, offering investors the chance to trade gold in smaller denominations.

France Joins Country In Residence Programme In AREA 2071 (24 April 2019)
France officially joined the Country in Residence Programme in AREA 2071, becoming the fifth country to join the initiative which was announced by the Dubai Future Foundation last February.

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Dance For You

Whenever there is a celebration, there is music and dancing people. Whether it is a serious ceremony, a small party or even a large carnival you always see someone moving to the beat. As a result, there is a widespread opinion that dancing shows are a necessary part of any special occasion. This is true.

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UAE retailers rank high on 2019 Great Place to Work list

The retail sector in the UAE demonstrated the highest level of participation at the 2019 UAE Great Place to Work survey. Companies such as THE One, Danube Home, Babyshop, Emax, Centrepoint, ShoeExpress, KFC and Pizza Express have been named among the top 30 ‘Best Workplaces’ in the UAE. From logistics, technology, finance, media, retail, fashion, FMCG, hospitality, healthcare and manufacturing, the 2019 Great Place to Work list celebrates efforts across a varied number of industries.

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Motorcycle Mall opens in Dubai

Motorcycle Mall, a new and unique multi-branded concept by Al Yousuf LLC that caters for the biking community in the UAE, has opened its doors in Dubai. The over-14,000 sqft mall features a wide range of bikes, accessories, a fully-equipped workshop as well as a Motorcycle Café. “We are absolutely delighted with the opening of Motorcycle Mall in Dubai. Our aim is to build a community of bikers and we wanted to create a multi-branded concept that is dedicated to them and turn it into a one-stop-shop that caters to all their needs,” says Yousuf Al Yousuf, managing director, Al Yousuf LLC.

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Long-term fundamentals to drive retail growth

Alpen Capital (ME) Limited, announced the publication of its report on GCC Retail Industry for the year 2019. The report provides a comprehensive overview of the GCC retail sector and outlines the recent trends, growth drivers and challenges in the sector. “The GCC retail industry has witnessed challenging times in recent years but the long-term fundamentals of the sector remain intact,” says Sameena Ahmad, managing director, Alpen Capital (ME) Limited. “We anticipate the GCC retail sector to regain momentum, owing to strong fundamentals that include a growing population base, high GDP per capita and tourism growth in the region. Economic recovery led by improving oil prices is expected to revive consumer confidence and improve discretionary spending. Initiatives taken by the GCC governments to stimulate retail infrastructure projects and ease business and visa regulations should provide further impetus to the retail sector.”

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Two of the Best Places in the World to Charter a Yacht

If you are interested in having a yachting vacation, here are two places to consider to rent the yacht that will give you an unforgettable vacation. 

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Dubai reinforces position as favoured winter cruise destination at Seatrade Cruise Global 2019

Dubai’s Department of Tourism and Commerce Marketing, known as Dubai Tourism, highlighted the city’s growing popularity as a global cruise destination during the 2019 edition of Seatrade Cruise Global, a leading exhibition for the global cruise industry that took place from 8th to 11th April in Florida, USA. The event reinforced Dubai’s suitability as a port for international cruise lines and showcased the emirate as a viable destination for pre and post cruise stopovers.

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Developers reduce unit size to make homes affordable

Developers in Dubai have been progressively reducing the unit size to make properties more affordable for investors and end-users, reveals statistics from the Research and Data Team at Property Finder. However, the average price per square foot has progressively increased over the years. Analysis of transactional data of both ready and off-plan properties, mostly apartments, in 2015 and  2019 by Property Finder, the MENA region’s leading property portal, reveals this trend at play.

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Visitor spending in UAE soars to $6.21bln

International tourist spending continues its upwards trend in the UAE as visitors spent Dh22.8 billion with their Visa cards while visiting the country last year as compared to Dh21.7 billion in the previous year, with Saudi Arabia, the US and the UK becoming the largest spenders. According to the latest UAE Travel Snapshot released by Visa on Monday, total spend by inbound Saudi tourists increased by nine per cent year-on-year basis to Dh4.8 billion from Dh4.4 billion, followed by Dh2.4 billion by US visitors and Dh2 billion from the UK tourists. The other countries in the top 10 markets were China (Dh1.3 billion), Russia (Dh1.2 billion), Kuwait (Dh1.1 billion), India (Dh1 billion), Oman (Dh856 million), Bahrain (Dh371 million) and Australia (Dh364 million).

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DCG RECOMMENDS
Indego @ Grosvenor Hotel
Fancy a five star Indian meal. Head straight to Indego. Great ambience, efficient service, good choice, a tad expensive!

Click here for more
8:23:13 PM , 25 Apr 2019

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