Company Insights Dubai Holding Banking & Finance Dubai Holding News Retail Dubai’s GMG buys supermarket and mall operator Aswaaq GMG, which manages more than 120 retail brands across the Middle East, North Africa and Asia, has announced a major expansion through the acquisition of the retailer Aswaaq. The Dubai-headquartered conglomerate bought Aswaaq from the Investment Corporation of Dubai, the principal investment arm of Dubai’s government. The deal adds a total of 11 community malls […] February 7, 2023 Tourism Jumeirah Group adds Swiss hotel to European portfolio Jumeirah Group has expanded its footprint in Europe by acquiring its first property in Switzerland. Le Richemond, a hotel in in Geneva’s business district, has 109 keys – 87 rooms and 22 suites – as well as panoramic views of Lac Léman and Mont Blanc. Katerina Giannouka, who was appointed chief executive officer of Dubai’s […] February 6, 2023 Real Estate UAE master developers partner for 9,000 Dubai homes UAE mast developers Aldar Properties and Dubai Holding have formed a partnership to develop 9,000 residential units across prime locations in Dubai, with the first phase of launches planned to start this year. The joint venture will oversee the development of new communities in three locations along the E311 and E611 corridors – in the […] February 2, 2023 Dubai startup aims to disrupt Mena theme park sector Traditional, ride-based theme parks are being challenged by Dubai-based startup HyperSpace’s “physical parks for a digital world”, including AYA and House of Hype. HyperSpace opened the 40,000sq ft AYA, a digitally immersive experience park with interactive gardens, observatories and other spaces in Dubai’s Wafi Mall in December, bringing a metaverse dimension to the emirate’s entertainment […] January 26, 2023 Analysis Middle East on a roll as fastest growing theme park market The Middle East and North Africa is set to be the fastest-growing region for investment in amusement parks, as developing economies create attractions to lure visitors. Consumer spending at theme parks and related destinations in the Mena region is projected to grow at an annual rate of 10.9 percent, from $282 million in 2019 to […] January 23, 2023 Real Estate Momentum gathers on Dubai mega-projects Rising property prices and demand from wealthy buyers is encouraging Dubai to accelerate plans for several high profile projects that could represent the biggest real estate investment opportunities in the emirate in years. Among the key opportunities are fresh plans for a 300-acre plot once intended to house a 22 million square foot mega-project known […] January 13, 2023 Analysis Real Estate UAE offices filling up as research says more prime space needed The return of employees to the workplace and rising business confidence are driving up demand for top-quality office space across Dubai and Abu Dhabi, according to new research. “Businesses feel good about life right now and demand for office space is rising across the board,” said Faisal Durrani, partner and head of Middle East research […] November 28, 2022 Markets Empower raises nearly $724 mln following book-building process Emirates Central Cooling Systems Corporation (Empower) has set the final offer price for its initial public offering (IPO) at AED 1.33 per share, at the top of the price range, raising nearly AED 2.7 billion ($724 million). This comes following the successful completion of the book-building and public subscription process for its IPO, the UAE […] November 10, 2022 Analysis PureGym eyes up to 130 branches as part of Mena expansion UK-based fitness brand PureGym has revealed plans to open branches in the Middle East and North Africa (Mena), beginning in the UAE but with Egypt, Kuwait and Oman also on the radar. The company has signed an agreement with its franchise partner, Ektimal, to open at least 130 gyms across the region over the next […] October 26, 2022 Analysis Construction Dubai developers relaunch stalled projects as demand surges The number of new residential real estate project launches in Dubai is soaring and has exceeded pre-pandemic levels in the third quarter of 2022. Developers are relaunching previously on-hold projects to capitalise on favourable market conditions, according to real estate consultancy CORE. It said about 5,700 units were delivered in Dubai in Q3, taking the […] October 10, 2022 Posts navigation Previous 1 … 3 4 5 Next
Retail Dubai’s GMG buys supermarket and mall operator Aswaaq GMG, which manages more than 120 retail brands across the Middle East, North Africa and Asia, has announced a major expansion through the acquisition of the retailer Aswaaq. The Dubai-headquartered conglomerate bought Aswaaq from the Investment Corporation of Dubai, the principal investment arm of Dubai’s government. The deal adds a total of 11 community malls […] February 7, 2023
Tourism Jumeirah Group adds Swiss hotel to European portfolio Jumeirah Group has expanded its footprint in Europe by acquiring its first property in Switzerland. Le Richemond, a hotel in in Geneva’s business district, has 109 keys – 87 rooms and 22 suites – as well as panoramic views of Lac Léman and Mont Blanc. Katerina Giannouka, who was appointed chief executive officer of Dubai’s […] February 6, 2023
Real Estate UAE master developers partner for 9,000 Dubai homes UAE mast developers Aldar Properties and Dubai Holding have formed a partnership to develop 9,000 residential units across prime locations in Dubai, with the first phase of launches planned to start this year. The joint venture will oversee the development of new communities in three locations along the E311 and E611 corridors – in the […] February 2, 2023
Dubai startup aims to disrupt Mena theme park sector Traditional, ride-based theme parks are being challenged by Dubai-based startup HyperSpace’s “physical parks for a digital world”, including AYA and House of Hype. HyperSpace opened the 40,000sq ft AYA, a digitally immersive experience park with interactive gardens, observatories and other spaces in Dubai’s Wafi Mall in December, bringing a metaverse dimension to the emirate’s entertainment […] January 26, 2023
Analysis Middle East on a roll as fastest growing theme park market The Middle East and North Africa is set to be the fastest-growing region for investment in amusement parks, as developing economies create attractions to lure visitors. Consumer spending at theme parks and related destinations in the Mena region is projected to grow at an annual rate of 10.9 percent, from $282 million in 2019 to […] January 23, 2023
Real Estate Momentum gathers on Dubai mega-projects Rising property prices and demand from wealthy buyers is encouraging Dubai to accelerate plans for several high profile projects that could represent the biggest real estate investment opportunities in the emirate in years. Among the key opportunities are fresh plans for a 300-acre plot once intended to house a 22 million square foot mega-project known […] January 13, 2023
Analysis Real Estate UAE offices filling up as research says more prime space needed The return of employees to the workplace and rising business confidence are driving up demand for top-quality office space across Dubai and Abu Dhabi, according to new research. “Businesses feel good about life right now and demand for office space is rising across the board,” said Faisal Durrani, partner and head of Middle East research […] November 28, 2022
Markets Empower raises nearly $724 mln following book-building process Emirates Central Cooling Systems Corporation (Empower) has set the final offer price for its initial public offering (IPO) at AED 1.33 per share, at the top of the price range, raising nearly AED 2.7 billion ($724 million). This comes following the successful completion of the book-building and public subscription process for its IPO, the UAE […] November 10, 2022
Analysis PureGym eyes up to 130 branches as part of Mena expansion UK-based fitness brand PureGym has revealed plans to open branches in the Middle East and North Africa (Mena), beginning in the UAE but with Egypt, Kuwait and Oman also on the radar. The company has signed an agreement with its franchise partner, Ektimal, to open at least 130 gyms across the region over the next […] October 26, 2022
Analysis Construction Dubai developers relaunch stalled projects as demand surges The number of new residential real estate project launches in Dubai is soaring and has exceeded pre-pandemic levels in the third quarter of 2022. Developers are relaunching previously on-hold projects to capitalise on favourable market conditions, according to real estate consultancy CORE. It said about 5,700 units were delivered in Dubai in Q3, taking the […] October 10, 2022
