Dubai’s weeklong real estate transactions total AED7.4 billion

DUBAI, Dubai’s real estate and properties transactions were valued at AED7.4 billion in total during the week ending 2nd September 2022, with sum transactions of 2,593, according to statistics from the Dubai Land Department.

The statistics showed that 320 plots were sold for AED1.75 billion, and 1,720 apartments and villas were sold for AED3.55 billion.

The top three transactions were land in Saih Shuaib 3 sold for AED168 million, land sold for AED115 million in Island 2, and land sold for AED78 million Saih Shuaib 4.

Al Hebiah Fifth recorded the highest number of transactions this week with 107 sales transactions worth AED329.68 million, followed by Jabal Ali First with 60 sales transactions worth AED193.85 million, and Nad Al Shiba First with 41 sales transactions worth AED205 million in third place.

The top three transfers for apartments and villas were an apartment sold for AED776 million in Marsa Dubai, a second apartment sold for AED367 million in Business Bay, and the third an apartment sold for AED303 million in Burj Khalifa.

The value of mortgaged properties for the week totalled AED1.24 billion, with the highest being an apartment in Business Bay, mortgaged for AED198 million.

Also, 111 properties were granted between first-degree relatives worth AED944 million.

Source: Emirates News Agency

UAE leaders congratulate President of Vietnam on National Day

ABU DHABI, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Nguyen Xuan Phuc of Vietnam, on the occasion of his country’s National Day, which is observed on 2nd September.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, also dispatched similar message to the Vietnamese President and to the country’s Prime Minister Pham Minh Chinh, on the occasion.

Source: Emirates News Agency

DMCC’s Uptown Tower office space is fully pre-leased ahead of its completion

DUBAI, DMCC, the Government of Dubai Authority on commodities trade and enterprise, has announced that all of the office space at its Uptown Tower development has been fully pre-leased ahead of the tower’s construction completion later this year.

Over 495,000 square feet of Grade A office space across 22 floors has been pre-leased as DMCC expands its footprint in Dubai to accommodate its fast-growing roster of over 21,000 member companies.

Anchor tenants of Uptown Tower include Hisense, HIKVision, the Gemological Institute of America (GIA), and many more, all of which have chosen DMCC as the location for their regional headquarters. Uptown Tower will also be home to DMCC’s new Corporate Headquarters and a state-of-the-art business centre.

Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said, “The launch of Uptown Tower and the broader Uptown District adds further weight to Dubai’s strong commercial appeal, providing unparalleled connectivity to the city’s business centres, ports and airports. Reinforced by a range of leading global businesses selecting Uptown Tower as the base for their Middle East and international operations, pre-leasing 100% of Uptown Tower’s office space ahead of the completion is yet another testament to investor confidence in both DMCC and Dubai’s thriving economy.”

He added, “Uptown Tower offers a proposition not to be missed, representing the latest addition to DMCC’s award-winning business community of 21,000 member companies. Through our hyper-connected business district and a full suite of trade facilities, DMCC has become synonymous with growth. Uptown Tower significantly strengthens our offering, so we are proud to see it so well received by the market.”

Uptown Tower is the first tower to be built as part of the Uptown Dubai District, the latest addition to DMCC’s portfolio, offering premium commercial, residential and recreational areas. The construction of Uptown Dubai is progressing at a fast pace, with work on the next two commercial towers set to commence soon.

Including Uptown Tower, Uptown Dubai will offer just under 6 million square feet of Grade A commercial and residential space, a substantial number of retail and F&B outlets, approximately 2,000 residences, a unique central entertainment plaza, and a number of luxury hotels, all offering world-leading amenities for residents, workers, and guests.

Source: Emirates News Agency

Expo City Dubai welcomes first visitors

DUBAI, Expo City Dubai welcomed its first visitors on Thursday with guests enjoying an early look at two of its popular attractions ahead of the official opening on 1st October.

Fans of Expo 2020 Dubai – the first ever World Expo to be held in the Middle East, Africa and South Asia – marked the start of Expo City Dubai’s journey by visiting Alif – The Mobility Pavilion and Terra – The Sustainability Pavilion.

Peruvian-Canadians Chris and Patricia Diaz, who were the first visitors to Alif, spent a month in the UAE during Expo 2020 Dubai, but didn’t manage to experience all the pavilions and attractions. They were delighted to be back.

Patricia said, “Alif is one of the pavilions we were unable to visit because it was so busy.”

Chris said “We heard great things about Alif and were captivated by the outside, so we knew that the inside had to be wonderful too. It’s a really insightful experience and a great way to remind us of the huge efforts made by the human race – and how the UAE has participated in all of this – as well as of the special times we are living in. I think it gave us a good opportunity to see that there is a lot more to come in the future.”

Filipino family Virgilo, Majin and June Pearl Hicasio, were the first to arrive at Terra. Virgilo, a Dubai resident, was excited to bring his wife and daughter to Terra as part of their Dubai vacation.

Virgilo said, “I was able to visit most of the pavilions during Expo 2020 Dubai – around 190 of them – but this is the first time for my family, so we are very happy to be here.”

Terra – a world-class example of sustainable best practice in action – inspires visitors to revaluate their relationship with the environment with an immersive journey through the ocean and forest. Alif transports inquisitive explorers through time and across new horizons to discover how mobility has driven human progress throughout history and enabled our ever-growing desire to break new frontiers.

Source: Emirates News Agency

EGA and Abu Dhabi’s HRA to boost employment of Emiratis

DUBAI, Emirates Global Aluminium (EGA) today signed an agreement with the Human Resources Authority (HRA) of Abu Dhabi to further promote the employment of young UAE nationals in the industrial sector.

Under the agreement, EGA will train 23 high school students who are registered in the HRA database and interested in developing skills related to technical occupations through EGA’s long-running National Training Programmes. Upon completion of the one-year intensive training programme, successful trainees will be offered permanent contracts in operational roles at EGA’s industrial facilities.

The HRA will continue to nominate additional candidates, with shortlisted UAE nationals eligible to participate in a career counselling programme, after they have successfully passed the company’s admission tests and personal interviews held during the introductory workshop as part of EGA’s National Training Programmes.

Last year, EGA recruited more than 100 Emiratis, 73 of whom participated in separate training programmes, including the National Training Smelter programme, developed in collaboration with and sponsored by the Abu Dhabi Human Resources Authority.

Amal Nasser Al Jabri, Director-General of the Human Resources Authority, said, “The signing of the agreement with EGA comes as part of our support for the industrial sector to help keep pace with the demands of future jobs.

The agreement also enhances HRA’s Emiratisation efforts by developing the capabilities of job seekers based on international standards, further enabling citizens to find jobs while supporting their participation in the emirate’s sustainable economic development processes efficiently and effectively.

Abdulnasser bin Kalban, CEO of EGA, said, “As a company with a high Emiratisation rate, EGA is committed to creating employment opportunities for talented UAE nationals, laying a strong foundation for the country, and contributing to the development of the UAE’s industrial economy. We are delighted to welcome these ambitious Emiratis to EGA and look forward to supporting their professional growth as they advance their careers.”

EGA’s National Training programmes develop young UAE nationals for operational roles in EGA’s smelters and industrial facilities. More than 5,000 UAE nationals have graduated from the programmes since they were first established in 1982. Many have pursued long and successful careers at EGA, with some reaching the highest levels of leadership in the company.

Almost 1,200 UAE nationals now work at EGA. Over 700 of EGA’s Emirati employees are under the age of 35.

Source: Emirates News Agency

More innovators join Dubai Customs’ Innovation League in H1, 2022

DUBAI, The number of innovations at Dubai Customs are significantly increasing as the results of the Government Department’s Innovation League show.

The Innovation League, initiated by the Innovation Centre, is a leading initiative that was developed to stimulate and encourage competition between departments and employees to develop more innovations.

The Innovation League results showed an increase in the number of innovations to 171, including 19 innovations that won team awards, three innovations that won at the Department level, and one champion of the Innovation League. All winners were rewarded at the conclusion of the UAE Innovates Month.

“These results are good news to all our employees and can be encouraging to more of them to jump on the bandwagon,” said Hussain Al Fardan, Head of Centre Senior Manager. “Innovators are classified according to specific criteria for each innovation that qualifies the innovator to entre the Innovators Club. There are eight stages for the Innovation League to ensure all aspects are covered.

“To ensure everyone is familiar with the plans and programmes we have organised 24 virtual awareness workshops for different departments and centres. The competitions step up from Department level to Division level and culminate in the Innovation League’s finals.”

Source: Emirates News Agency