Transaction volumes in Dubai’s AED 5m+ residential market reached record levels in 2023, says CBRE

Transaction volumes in Dubai’s AED 5m+ residential market reached record levels in 2023, says CBRE

CBRE releases its UAE Residential Market Notes – January 2024

Dubai – January 11, 2024 – Sales of properties worth more than AED 5m and AED 10m in Dubai hit record levels in 2023, reaching 10,296 and 3,806, up 54.5% and 68.4% from a year earlier, respectively. Off-plan sales in both segments of the market have been the primary drivers of activity, where, in the AED 5m+ and AED 10m+ segments of the market, off-plan sales accounted for 67.2% and 70.8% of total transaction volumes, respectively. The level of demand has been such that the vast majority of sales in these two segments have occurred in relatively nascent developments, where many of these developments are still only emerging as prime locations.

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du wins MENA Green Building Awards 2023 in Healthy Spaces Project Category

du wins MENA Green Building Awards 2023 in Healthy Spaces Project Category

Dubai, UAE, 11January, 2024 – du, from Emirates Integrated Telecommunications Company (EITC), has been honoured with the prestigious MENA Green Building Awards 2023 in the Healthy Spaces Project of the Year category. The award recognizes du’s commitment to sustainability and its exceptional efforts in creating a healthy and productive workspace.

du’s winning project, the new headquarters (HQ) in Dubai Hills, exemplifies the criteria set for the Healthy Spaces Projects of the Year category, which specifically acknowledges buildings or fit-outs that prioritize occupant health and well-being while demonstrating innovation and creativity. du’s HQ has been designed and executed with a strong emphasis on employee well-being, sustainability, and productivity – the fundamental pillars for this award. The workspace has been carefully crafted to promote health and well-being through features of solo and collaborative workspaces like sit-stand workstations, teams tables, focus rooms, collaboration spaces and wellness facilities, offering multiple choices to suit variety of needs of employees during the day. This not only encourages physical movement but also promotes mental wellness and cultivates social interaction among employees.

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OYO records 64% YOY growth in New Year’s Evebookings in GCC Countries

OYO records 64% YOY growth in New Year’s Evebookings in GCC Countries

  • OYO hotels and homestays in United Arab Emirates, Saudi Arabia and Oman record 64% YOY growth in New Year’s Eve bookings
  • Growth can be attributed to the strategic locations of OYO’s corporate housings and homestays, their relentless dedication to ensuring guest satisfaction, offering a seamless blend of comfort, affordability, and personalized services
  • OYO Oman contributed the most towards the growth with 244% YOY increase in hotel bookings followed by Saudi Arabia and United Arab Emirates with 59% and 31% growth respectively
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Sharjah’s DGR explores advancing cultural and trade cooperation with China’s Consul General

Sharjah’s DGR explores advancing cultural and trade cooperation with China’s Consul General

Sharjah, January 11, 2024

Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, discussed ways to enhance trade and cultural exchange, foster relationships and partnerships between business communities across various sectors, and promote scientific and intellectual exchange between cultural institutions, with a high-level Chinese diplomatic delegation headed by HE Li Xuhang, Consul General of the People’s Republic of China.

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Successful Gulf Print & Pack 2024 comes to a close

Successful Gulf Print & Pack 2024 comes to a close

DUBAI – January11, 2024: Gulf Print & Pack 2024, the leading print technology trade show for printers and Print Service Providers (PSPs), concluded todayat Dubai World Trade Centre, having seen strong regional participation and the unveiling of many cutting-edge products and solutions.

Acrossa busy three days, over 250 exhibitors,showcased their latest machinery, materials and software to regional buyers.

Mr.Nayyar Ansari, Business Development Manager, Konica Minolta said: ” Gulf Print & Pack 2024 has been very productive for Konica Minolta. We invited potential customers from our partners across the GCC, to witness the power of digital print, embellishment, and labeling. As a result, we have sold 5 production machines and two AccurioShine 3600 units during the show.”

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