All posts by uaenews247

Real Estate

LEOS Developments Unveils Knightsbridge: The First Climate Adaptive Wellness Community in Dubai

September 2024, Dubai UAE: LEOS Developments, the distinguished British-born international property developer, is pleased to announce the official unveiling of its latest project, Knightsbridge with a gross development value of AED 1.75 billion located in the heart of Meydan in District 11. The project, set to redefine luxury living, marks the commencement of the first climate adaptative wellness community in Dubai, seamlessly blending British architectural elegance with innovative environmental technology.

Phase one of Knightsbridge is home to an exclusive collection of 66 properties, including 4-bedroom townhouses and 5 and 6-bedroom villas, all designed to the highest standards of luxury and sustainability.

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Business & Investments

UAE private sector should invest in Artificial Intelligence to deliver Dh335bn extra growth, DSIG officials say

Investment is likely to push the Artificial Intelligence market value to a whopping US$200 billion (Dh730 billion) by next year as most companies are using AI to boost productivity of businesses, factories and industries

Date: Dubai, UAE; September 3, 2024

News Highlights:

  1. Increased investment in Artificial Intelligence is expected to deliver additional Dh335 billion value to the UAE economy by 2031;
  • The sum of assets and acquisitions from minority stakes, private investments, and public offerings totalled US$934.2 billion from 2013 to 2022.
  • Recent investment peaked in 2021 at US$276.1 billion with the emergence of ChatGPT.
  • In 2023, the global Artificial Intelligence market garnered US$142.3 billion;
  • Increased investment is likely to push the Artificial Intelligence market value to US$200 billion globally;
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Business & Investments

AD Ports Group Fast-Tracks Land Transport in the Middle East with a New Rail Logistics Offering via Etihad Rail Network

The new solution, provided by Noatum Logistics, inaugurated with new rail shuttle service connecting Khalifa Port and Fujairah Terminals

Abu Dhabi, UAE – 03 September 2024: Noatum Logistics, an AD Ports Group company and a leading logistics provider serving the globe across all major markets and trade lanes, announced today the launch of its new rail logistics solution for the Middle East region. The new offering, which complements Noatum Logistics’ integrated regional portfolio of freight forwarding products leveraging land, sea, and air transport, was inaugurated with the launch of its first rail shuttle service between Khalifa Port and Fujairah Terminals.

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Real Estate

Baseball United to Build Middle East’s First-Ever Professional Ballpark

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New ballpark will be the first professional baseball field in the history of the Middle East and South Asia

DUBAI, UAE (September 3, 2024) – Baseball United, the first professional baseball league focused on the Middle East and South Asia, announced today its plans to build the first professional baseball field and ballpark in the history of the region. The new ballpark will be constructed within The Sevens sports and entertainment complex, located on Al-Ain Road (E66), just a short drive from downtown Dubai. 

The historic new ballpark will not only be the first in the UAE and GCC, but it will serve as the only professional baseball grounds across a more than 10,000 km stretch of territory ranging from Morocco in North Africa to India, Bangladesh, and several countries within Southwest Asia.

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Real Estate

Binghatti Launches Binghatti Royale with an Investment Value of AED 600 million

Dubai (03/09/2024) – Dubai-based property brand Binghatti announces the launch of Binghatti Royale in Jumeirah Village Circle (JVC). The launch comes in response to the soaring demand for Binghatti projects in the area following the rapid sell-out of back-to-back projects, some recording sell-out periods as quick as 24 hours.

Binghatti Royale is features a unique circular architectural identity. The building features 354 residential units ranging from one to three-bedroom apartments and 16 retail spaces across 47 floors.

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