Dubai Opera features first performance of Dubai Music Band

Thursday, 8 March 2018

Dubai Opera featured for the first time, on Wednesday night, an Arabic music concert led by professional musicians of the newly launched Dubai Music Band. Dubai Music Band presented a collection of famous Khaleeji, Arabic and classic songs which are very popular in the region. Maestro Ahmed Taha led the musicians through classic pieces, including “Magadeer”, for Khaleeji star Talal Madah, “Nasam ‘Alayna Al Hawa” by Al Rahbani for Lebanese singer Fayrouz, and ...

First-of-its-kind ‘Virtual Reality’ park to open in Dubai

Wednesday, 28 February 2018

Emaar Entertainment, the leisure and entertainment subsidiary of Emaar Properties, announced, on Wednesday, a first-of-its-kind attraction – VR Park. The new attraction is set to transform the virtual reality entertainment landscape, providing an unprecedented breadth of games, rides and experiences to suit all ages. Due to open in the first half of 2018 in The Dubai Mall, the new VR Park is set to mark the future of entertainment in the region, bringing together some of the world’s ...

Gulf mixed early on, Emaar Properties pulls up Dubai

Wednesday, 21 February 2018

Gulf stock markets were mixed in early trade on Wednesday but a rebound by real estate blue chip Emaar Properties lifted Dubai.The Dubai index gained 0.6 percent as Emaar, which had been trading near 14-month lows because of a slumping Dubai real estate market, surged 2.8 percent to 6.20 dirhams.The stock had reached a trailing price-earnings ratio of about 7.6 times, according to Thomson Reuters data - cheap by emerging market standards. Of 12 analysts rating it, 10 have a “buy” or ...

Dubai to host the Middle East’s next biggest shopping mall

Wednesday, 21 February 2018

The UAE is welcoming yet another addition to its landmark of record-breaking structures. Set to be the biggest in the Middle East, property developer Nakheel said that the construction of Deira Mall will commence in the first quarter of this year, reported Gulf News. The shopping hub will cost nearly $1.7 mln (AED 6.1 mln) and is set to be completed in 2021. The structure will be based on Deira Islands. The mall is expected is expected to have 4.5 mln square feet of gross leasable area, the ...

WATCH: Dubai marks Chinese New Year with spectacular show on Burj Khalifa

Friday, 16 February 2018

The city of Dubai celebrated the Chinese New Year with a spectacular dragon-themed light and sound show on Burj Khalifa, the global icon.With a newly produced and captivating show, Dubai pays tribute to the thousands of Chinese residents in the UAE with a dragon-themed show reflecting the Chinese cultural symbols and traditions.Following a sparkling display, a ‘Happy New Year’ message in Chinese came to life on Burj Khalifa’s façade bringing the laser show to a ...

Emaar Properties to raise $1.3 bln in development unit's IPO

Thursday, 16 November 2017

Emaar Development, a unit of Dubai property firm Emaar Properties, priced its initial public offer of shares below the mid-point of an indicative price range, valuing the deal at 4.82 billion dirhams ($1.31 billion) in Dubai's first major IPO in three years. Emaar Development priced the IPO at 6.03 dirhams, according to a company statement on Thursday, against an indicative range of 5.7-6.9 dirhams per share set earlier this month. Emaar Properties is selling a 20 percent stake or 800 million ...

Burj Khalifa opens all-new immersive technology and digital art experiences

Friday, 6 October 2017

At the Top, Burj Khailfa expanded its front area by three times its original size to host hundreds of visitors conveniently at any point in time. The reception in the lower ground floor of The Dubai Mall has undergone an aesthetic facelift. Visitors now step into the spacious lobby with several ticketing counters as well as digital self-ticketing kiosks. As the guests set to start the At the Top, Burj Khalifa journey, the ambience changes; white gradient glass walls provide an illusion of clouds ...

Update on how the giant Dubai Creek Tower is shaping up

Wednesday, 16 August 2017

Announced in October of last year, Dubai Creek Tower, is now among the UAE’s skyscraper giants, despite not having its exterior skeleton ready yet. The company in charge of building the tower, Emaar, released new aerial photographs resembling the tower’s blue print. The pictures also show the workers finalizing the tower’s foundations. Dubai Creek Tower is situated in Dubai’s Creek Harbor, which is spread over an area of 3.7 sq. km. This area allows the structure to ...

Dubai’s Emaar Properties posts 14 percent rise in second-quarter profit

Monday, 14 August 2017

Dubai’s Emaar Properties, which is planning a partial listing of its UAE development operation, reported a 14.4 percent increase in second-quarter profit on Monday. Emaar, in which Dubai’s government owns a minority stake, made $394.8 million (1.45 billion dirham) of profit attributable to the owners of the company for the three months to June 30, it said in a bourse filing, on revenue that rose 1.9 percent to $103 million. The profit, up from $345.7 million a year earlier, beat a ...

Amazon sale is a disappointment or celebration?

Sunday, 2 April 2017

 When first started in 2005, it had five employees. Fast-forward 10 years and it was valued at $1 billion as it received the largest e-commerce funding in the region’s history. One year later, Dubai-based Emaar and US-based Amazon put forward bids to acquire the company, and the latter won. Neither party has disclosed the actual size of the deal, but public reaction has definitely been to throw a party. Over the region, entrepreneurs, start-ups, and the tech industry are ...

Yara al-Wazir

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