Show only titles
Business & jobs category
Dubai has ‘more than enough’ malls, says BinHendi
Dubai cannot sustain any more mega-malls in an already glutted retail market, the head of one of the UAE’s largest retail conglomerates said Monday. “If anyone wants to add another mall, they need to visit a psychiatrist.”
ALD Paris participates at Hotel show Dubai
ALD Paris, A French creator and manufacturer of seats and furniture is participating at the Hotel Show Dubai to showcase the expertise of their craft-men; cabinet makers, saddlers, upholsters.
Market owes us billions: Dubai Properties
Dubai Properties Group, a subsidiary of Dubai Holding, has “billions” in receivables from developers across its various master communities with Dh4 billion alone pending from the Remraam development in Dubailand, company CEO has revealed.
Developers need to deliver on Dubailand
Although Dubai Properties Group’s chief has reiterated his company’s commitment in developing the multi-billion dollar Dubailand project, he has called upon developers to fulfill their part of the commitment — building the entertainment components of their project.
Dubai Holding Commercial Operations Group records Dhs127m net profit; revenues increase 43%
Dubai Holding Commercial Operations Group LLC (DHCOG), which has three core business subsidiaries, Jumeirah Group (Jumeirah), Dubai Properties Group (DPG), and TECOM Investments (TECOM), announced its audited financial results for the full year ended December 31, 2010.
Amlak agrees to waive charges for delayed period: Investors
Following the line of Dubai Bank, Amlak Finance, an Islamic mortgage company, has agreed to waive the additional rental payment for the period beyond “the expected date of delivery” for a project in Dubailand.
Dubai super malls, attractions seen to boost footfall
JLL said no new major mall supply was expected to be released until 2013 when the first phase of the Mall of Arabia in Dubailand is scheduled to open. In 2009, average retail rents in Dubai fell nearly 40 per cent with vacancies across major malls increasing, it said.
Dubai Holding pins hope on property recovery
Dubai Holding Commercial Operations Group (DHCOG) reported revenue of Dh9.5 billion for the year ended December 31, 2009 compared to Dh13.2 billion in the same period the previous year. DHCOG recorded a net loss of Dh23.56 billion for 2009 including Dh22.5 billion in impairment charges compared to a net profit of Dh10 billion in 2008.
