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Investments, Property

Dubai Real Estate Investment Opportunities initiative

Jul 04 2019

Real Estate Investment Opportunities initiative aims to attract 'a larger segment of investors, both inside and outside the UAE' Dubai Land Department (DLD) on Tuesday announced the launch of a new initiative which aims to attract a wider range of real estate investors to the emirate. Under the Real Estate Investment Opportunities (REIOs) initiative, several investment products will be launched including collective real estate investment funds, partial title deeds procedures to register units owned by a number of partners, a lease-to-own system and investment portfolio applications. A law is currently being drafted for real estate investment portfolios that is still under accreditation and review by the concerned parties, DLD said in a statement. The launch comes as Dubai witnessed an 8 percent increase in real estate transactions during the first quarter of 2019 to AED119 billion compared to the year-earlier period. DLD added that the number of active investors reached 2,800 during the quarter with...

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Experiences

Burj Al Arab Dubai Opens Luxury Outdoor Terrace

May 31 2016

Burj Al Arab Jumeirah Hotel in Dubai has unveiled Terrace, the highly anticipated outdoor terrace deck as an exclusive extension to the hotel. The 10,800 square-foot luxury deck spans 330 feet into the Persian Gulf and accommodates 32 air-conditioned cabanas, 400 sun loungers, a fresh-water pool,  a saltwater pool, a restaurant, and a bar of course. When Burj Al Arab opened in 1999 it was the most extravagant and creative building in Dubai, if not in the world. From an architectural construction point of view, standing on an artificial island of sand, supported by 250 columns, its sail-shaped building has become the most iconic image of Dubai, similar to Sydney’s Opera House or New York’s Statue of Liberty. In recent years Dubai has become a city of innovation, especially in architecture and luxury. Emaar Properties recently announced plans to erect the world’s tallest building in Dubai by 2020, which will surpass Burj Khalifa, the current...

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The St Regis Dubai Bentley Suite Now Open

May 14 2016

Bentley has been added to the list of Dubai attractions with the introduction of the elegant new suite at St. Regis Dubai.  From creating the world’s tallest tower to gilded Ferraris and gold dispensing ATMs, Dubai has been redefining the ultra luxury life for seekers of everything opulent. While Bentley Motors is a brand synonymous with royalty when it comes to cars, it has also forayed into interiors with exclusive suites in New York and Istanbul. The Bentley suite now debuts in Dubai’s St. Regis hotel, Al Habtoor City. The suite features handcrafted pieces and onceoff furnishing that blends Bentley’s comfort with the impeccable elegance of St. Regis hotels. The custom-designed one-bedroom suite features a generous living room and dining area, floor-to-ceiling windows overlooking the gardens, a lavish bathroom, walk-in wardrobe and dedicated dressing area. Draped in cream and neutral hues, the suite is furnished with rich wood furniture.   Jim Petrus, Global Brand Leader of...

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The Oberoi Voted The Best Business Hotel in Dubai

May 11 2016
The-Oberoi-Dubai-luxury-hotel

The Oberoi, Dubai has been voted the Best Business Hotel in Dubai by the Business Traveller Awards Middle East.  The Oberoi, Dubai is globally celebrated around the world from the Oberoi Group and speaks aloud as its first property in the UAE, opened in June 2013. After the first year of opening, the hotel was perceived as the Best New Business Hotel by the perusers of Business Traveler Middle East 2013. The title of Best Business Hotel 2016 is the most recent expansion to the hotel's accumulation of recompenses including Middle East's Leading Luxury City Hotel by the World Travel Awards 2015, World's Best Hotel Brand by Travel + Leisure, USA, World's Best Awards, 2015, Favourite New Overseas Hotel by Conde Nast Traveler India 2014 and TripAdvisor Travelers' Choice Awards, 2014 and 2015. "The Oberoi, Dubai brings an ethos of administration without trade off to the UAE. This acknowledgement from the Business Traveller...

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