Tourism contributed over AED150 bn to Dubai’s GDP

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A recent report from Knight Frank looks at how the development of tourism in Dubai is a major contributor to the country’s economy. 
The report makes five key findings: • Dubai International Airport (DXB), the world’s largest airport by international traffic, recorded 83.7 million passengers in 2016, up 26% from 2014. In 2017 this has increased further to over 88 million passengers. • In the hospitality sector, the total number of hotel keys per resident is highest at 29.9 per 1,000 people in Dubai, compared to our selected hub cities. • Currently Dubai is home to 104 five star-hotels (Dubai Corporation of Tourism & Commerce Marketing). • STR global indicates there are 53 hotels five-star hotels in planning or construction with opening dates before 2020. • Dubai’s average spend per overnight visitor is estimated to be over USD 2, 000 in 2017, the highest among Knight Frank’s global hub cities.
“For Dubai, the tourism market has historically been a strategically important sector. In 2017, it is estimated that the sector contributed over AED150bn to GDP (4.6% of GDP), and provide almost 570,000 jobs (4.8% of total employment). The sector’s direct contribution to GDP has increased by 138% in the 10 years to 2017 with employment in the sector growing by 119% over the same period,” said Knight Frank. Ali Manzoor, Associate Partner, Head of Hospitality said: “Despite facing challenging market conditions, Dubai’s hospitality sector remains amongst the top performers in the Middle East, underpinned by the Emirate’s positioning as a regional commerce hub and the development of world class demand generators. Visitation has for the most part continued to grow from key source markets with India and China notable standouts, and Russian visitation continuing its positive momentum from the previous year. We remain optimistic about the outlook of the sector and envisage that the market will once again stabilise once the rate correction has run its course,” he said. The report states that the real estate transactions for 2017 have increased by 6% in terms of number, and 4% in value when compared to AED 275.8 billion for 2015, and increased by 14% in number, and 6% in value compared to AED 268.7 billion for 2016. Bin Mejren added: “Looking at the details of the results from 2017, the sales of land, buildings and units in the Dubai real estate market totalled AED 114 billion through 49,000 transactions, while mortgages for the same three categories reached AED 138.5 billion through 15,700 transactions. There were approximately 4,000 other transactions valued at approximately AED 33.3 billion, where the total turnover for the year 2017 was AED 285.562 billion from 69,000 transactions.” For 2017, Dubai’s real estate market also has attracted investors from around the world, including Gulf nationals, Arabs and foreigners, with a total of 39,480 investors making nearly 53,000 transactions worth more than AED 107 billion. The UAE investor continued to lead the list of nationalities investing in the Dubai real estate market, where the value of their investments amounted to AED 25.307 billion. Indian investors followed with AED 15.6 billion and Saudis came third with investments exceeding AED 7 billion, followed by British and Pakistanis whose investments amounted to AED 6 and 5 billion, respectively. Other active investors include Chinese, Jordanians, Egyptians and Canadians. The report also reveals the top ten real estate sales areas in Dubai, with ‘Burj Khalifa’ taking first place in terms of value with 2,008 transactions worth AED 7.368 billion. ‘Business Bay’ followed in second place with 3,763 transactions worth AED 7.115 billion, while ‘Dubai Marina’ took third place with 3,300 transactions worth nearly AED 7 billion.

ALDAR LAUNCHES AED 10 BILLION MASTERPLAN – ALGHADEER

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Over 14,000 homes to be delivered over 15 years First neighbourhood of 611 homes on sale at Cityscape Abu Dhabi – maisonette prices start from AED290,000 and townhouses from AED899,900 Featuring HARVEST – supporting healthy and sustainable living Strategically located in Abu Dhabi, close to Dubai Expo 2020, capitalizing on UAE’s dynamic growth areas Aldar Properties PJSC (“Aldar”), announces the launch of a new AED10 billion masterplan that will incorporate and greatly enhance one of its already established destinations – Alghadeer, which sits close to the border of Abu Dhabi and Dubai within its Seih Al Sdeirah landbank. Alghadeer masterplan consists of 14,408 units, including villas, townhouses, and maisonettes. Total residential GFA is set to exceed 1.3 million sqm and will be complemented by office space, retail space, hospitality, education and community amenities. Commenting, Talal Al Dhiyebi, Chief Executive Officer, Aldar Properties said: “The launch of Alghadeer is clear statement of Aldar’s ambition. From its strategic location to its sustainable living initiatives, Alghadeer signals the creation of a new way of living for UAE residents, now and in the future. We are confident of the demand for a community which offers a distinct lifestyle – peaceful residential neighbourhoods, within close proximity to the bustling cities of Abu Dhabi and Dubai.  “This launch further underlines how Aldar is expanding its successful destination-led strategy to additional areas of Abu Dhabi, capitalizing on the UAE’s flourishing population as well as our reputation as Abu Dhabi’s leading developer. The scale and 15-year timeframe of the development underlines Aldar’s confidence in the Abu Dhabi residential market.” Alghadeer is designed to benefit from the significant growth being experienced in the north of Abu Dhabi and the south of Dubai. This area of the UAE includes major job creating projects such as Dubai Expo 2020, KIZAD, Dubai World Central incorporating Dubai South, the Al Maktoum Airport, as well as Dubai Industrial and Wholesale Cities, which will further boost the demand for high quality living spaces on the border of the two Emirates. With easy access to the UAE’s arterial highways, Alghadeer will become home to those seeking both connectivity, and an escape from city life. At the heart of Alghadeer is HARVEST, a multi-use agricultural led space featuring allotments, as well as THE HUB – a F&B outlet, THE STUDIO – an educational area for training and workshops, THE SHED – a dedicated area for purchasing farming tools and supplies, and THE MARKET – a retail area for freshly grown produce, and THE FIELD – where people can rent plots and grow their own produce. Appealing to those who prefer wide-open spaces and unique recreational amenities, the destination will also feature lakes, running and cycle tracks, gym, camping and BBQ sites and a network of walkable gardens and parks lit entirely by solar powered lights.   The new Alghadeer masterplan also includes schools, a hotel, public garden areas, community swimming pools, multi-use sports areas, and community centres. FIRST HOMES TO GO ON SALE AT CITYSCAPE ABU DHABI – 17TH APRIL Aldar will initially launch the first neighbourhood of 611 homes for sale during Cityscape Abu Dhabi taking place in the UAE Capital from 17-19 April. Customers will have the opportunity to purchase maisonettes, townhouses and villas. This neighbourhood is located to the north west of the masterplan, and near Alghadeer’s central amenities such as HARVEST. Prices within this first release will start from AED290,000 for maisonettes, with townhouses starting at AED899,900. Construction of this first neighbourhood is scheduled to commence in 2018 and be completed during 2021. A PROVEN TRACK RECORD IN THIS DESTINATION The new Alghadeer masterplan incorporates Aldar’s existing community of the same name which boasts over 2,000 homes and is a thriving destination for many families. Alghadeer’s key success factor is its proximity to major growth areas within the emirates of Abu Dhabi and Dubai which enables residents of Alghadeer to have greater choice over where they work, shop, travel, and educate their children. Alghadeer’s masterplan, development model and floorplans will be available to view at Cityscape Abu Dhabi, which runs from 17 – 19 April, 2018.

IEA Executive Director visits OPEC Secretary General at Vienna headquarters

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Dr. Fatih Birol, the Executive Director of the International Energy Agency, accompanied by a delegation of senior IEA officials, visited the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna today, and met with its Secretary General, H.E. Mohammad Sanusi Barkindo.
Dr. Birol and Mr. Barkindo underscored the growing working relationship between both organizations and their commitment to continued dialogue and cooperation. They also exchanged views on recent oil market developments. Dr. Birol’s visit was a timely one, given this new impetus towards greater cooperation. Mr. Barkindo, along  with an OPEC delegation, had visited the IEA’s headquarters in September 2016, a month after he had assumed office. Today’s meeting highlighted the sustained dialogue between energy producers and consumers that is necessary to enhance stability, security and transparency in energy markets. Dr. Birol and his team shared their views on current and future energy markets, as well as on cooperation with other international organizations. Dr. Birol began his career at OPEC before joining the IEA more than two decades ago. He has since emphasized that a healthy dialogue between the IEA and OPEC is critical to help guarantee energy security in an environmentally sound and economically sustainable way. “Whether it is under the ‘umbrella’ of the International Energy Forum (IEF), or through coordinated joint research activities, closer ‘collaboration’ and ‘complementarity’ between our two organizations have become the watchwords of the day,” H.E. Mohammad Barkindo said. “I am pleased to visit the OPEC Secretary General and the OPEC Secretariat,” Dr. Birol said. “This meeting represents yet another fruitful opportunity to exchange views, discuss recent trends in the market and further deepen the important ties between our organizations.” OPEC’s Secretary General has been a strong advocate of advancing dialogue and cooperation among producers and consumers.

Data Abuse Bounty: Facebook Now Rewards for Reports of Data Abuse

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Today, Facebook is launching the Data Abuse Bounty to reward people who report any misuse of data by app developers. We committed to launching this program a few weeks ago as part of our efforts to more quickly uncover potential abuse of people’s information. The Data Abuse Bounty, inspired by the existing bug bounty program that we use to uncover and address security issues, will help us identify violations of our policies.   This program will reward people with first-hand knowledge and proof of cases where a Facebook platform app collects and transfers people’s data to another party to be sold, stolen or used for scams or political influence. Just like the bug bounty program, we will reward based on the impact of each report. While there is no maximum, high impact bug reports have garnered as much as $40,000 for people who bring them to our attention. We’ll review all legitimate reports and respond as quickly as possible when we identify a credible threat to people’s information. If we confirm data abuse, we will shut down the offending app and take legal action against the company selling or buying the data, if necessary. We’ll pay the person who reported the issue, and we’ll also alert those we believe to be affected. This program is the first of its kind so it will change as we learn and get your feedback. For more information, please visit: facebook.com/data-abuse

Hard Questions: What Data Does Facebook Collect When I’m Not Using Facebook, and Why?

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Last week, Mark Zuckerberg testified in front of the US Congress. He answered more than 500 questions and promised that we would get back on the 40 or so questions he couldn’t answer at the time. We’re following up with Congress on these directly but we also wanted to take the opportunity to explain more about the information we get from other websites and apps, how we use the data they send to us, and the controls you have. I lead a team focused on privacy and data use, including GDPR compliance and the tools people can use to control and download their information. When does Facebook get data about people from other websites and apps? Many websites and apps use Facebook services to make their content and ads more engaging and relevant. These services include:
  • Social plugins, such as our Like and Share buttons, which make other sites more social and help you share content on Facebook;
  • Facebook Login, which lets you use your Facebook account to log into another website or app;
  • Facebook Analytics, which helps websites and apps better understand how people use their services; and
  • Facebook ads and measurement tools, which enable websites and apps to show ads from Facebook advertisers, to run their own ads on Facebook or elsewhere, and to understand the effectiveness of their ads.
When you visit a site or app that uses our services, we receive information even if you’re logged out or don’t have a Facebook account. This is because other apps and sites don’t know who is using Facebook. Many companies offer these types of services and, like Facebook, they also get information from the apps and sites that use them. Twitter, Pinterest and LinkedIn all have similar Like and Share buttons to help people share things on their services. Google has a popular analytics service. And Amazon, Google and Twitter all offer login features. These companies — and many others — also offer advertising services. In fact, most websites and apps send the same information to multiple companies each time you visit them. What kind of data does Facebook get from these websites and apps?  Apps and websites that use our services, such as the Like button or Facebook Analytics, send us information to make their content and ads better. To understand more about how this happens, it helps to know how most websites and apps work. I’ll use websites as an example, but this generally applies to apps, too. When you visit a website, your browser (for example Chrome, Safari or Firefox) sends a request to the site’s server. The browser shares your IP address so the website knows where on the internet to send the site content. The website also gets information about the browser and operating system (for example Android or Windows) you’re using because not all browsers and devices support the same features. It also gets cookies, which are identifiers that websites use to know if you’ve visited before. This can help with things like saving items in your shopping cart. A website typically sends two things back to your browser: first, content from that site; and second, instructions for the browser to send your request to the other companies providing content or services on the site. So when a website uses one of our services, your browser sends the same kinds of information to Facebook as the website receives. We also get information about which website or app you’re using, which is necessary to know when to provide our tools. This happens for any other service the site is using. For example, when you see a YouTube video on a site that’s not YouTube, it tells your browser to request the video from YouTube. YouTube then sends it to you. How does Facebook use the data it receives from other websites and apps?  Our privacy policy explains in detail what we do with the information we receive — and we just updated the policy to make it easier to read. There are three main ways in which Facebook uses the information we get from other websites and apps: providing our services to these sites or apps; improving safety and security on Facebook; and enhancing our own products and services. I’ll share a little more about each of these, but first I want to be clear: We don’t sell people’s data. Period. Providing Our Services
  • Social plugins and Facebook Login. We use your IP address, browser/operating system information, and the address of the website or app you’re using to make these features work. For example, knowing your IP address allows us to send the Like button to your browser and helps us show it in your language. Cookies and device identifiers help us determine whether you’re logged in, which makes it easier to share content or use Facebook to log into another app.
  • Facebook Analytics. Facebook Analytics gives websites and apps data about how they are used. IP addresses help us list the countries where people are using an app. Browser and operating system information enable us to give developers information about the platforms people use to access their app. Cookies and other identifiers help us count the number of unique visitors. Cookies also help us recognize which visitors are Facebook users so we can provide aggregated demographic information, like age and gender, about the people using the app.
  • AdsFacebook Audience Network enables other websites and apps to show ads from Facebook advertisers. When we get a request to show an Audience Network ad, we need to know where to send it and the browser and operating system a person is using. Cookies and device identifiers help us determine whether the person uses Facebook. If they don’t, we can show an ad encouraging them to sign up for Facebook. If they do, we’ll show them ads from the same advertisers that are targeting them on Facebook. We can also use the fact that they visited a site or app to show them an ad from that business – or a similar one – back on Facebook. (Updated April 16, 2018 at 5:30PM to clarify that people with Facebook accounts will see Audience Network ads from the same advertisers targeting them on Facebook.)
  • Ad Measurement. An advertiser can choose to add the Facebook Pixel, some computer code, to their site. This allows us to give advertisers stats about how many people are responding to their ads — even if they saw the ad on a different device — without us sharing anyone’s personal information.
Keeping Your Information Secure We also use the information we receive from websites and apps to help protect the security of Facebook. For example, receiving data about the sites a particular browser has visited can help us identify bad actors. If someone tries to log into your account using an IP address from a different country, we might ask some questions to verify it’s you. Or if a browser has visited hundreds of sites in the last five minutes, that’s a sign the device might be a bot. We’ll ask them to prove they’re a real person by completing additional security checks. Improving Our Products and Services The information we receive also helps us improve the content and ads we show on Facebook. So if you visit a lot of sports sites that use our services, you might see sports-related stories higher up in your News Feed. If you’ve looked at travel sites, we can show you ads for hotels and rental cars. What controls do I have?  As Mark said last week, we believe everyone deserves good privacy controls. We require websites and apps who use our tools to tell you they’re collecting and sharing your information with us, and to get your permission to do so. We give you a number of controls over the way this data is used to provide more relevant content and ads:
  • News Feed preferences lets you choose which content you see first and hide content you don’t want to see in your feed. You can also view your News Feed chronologicallyinstead of ranked by what Facebook predicts you might be most interested in.
  • Ad preferences shows you the advertisers whose ads you might be seeing because you visited their sites or apps. You can remove any of these advertisers to stop seeing their ads.
    • In addition, you can opt out of these types of ads entirely — so you never see ads on Facebook based on information we have received from other websites and apps.
    • Finally, if you don’t want us to use your Facebook interests to show you ads on other websites and apps, there’s a control for that too.
Whether it’s information from apps and websites, or information you share with other people on Facebook, we want to put you in control — and be transparent about what information Facebook has and how it is used. We’ll keep working to make that easier.

Mubadala Petroleum Signed Andaman I PSC in Indonesia

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Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round. Mubadala Petroleum is the operator of the Andaman I PSC and a partner in the Andaman II PSC, operated by Premier Oil, which was also signed last week. The Andaman I and II PSCs are adjacent and located in the underexplored but proven North Sumatra basin offshore Aceh, a region that Mubadala Petroleum has been involved in since 2011 through joint study agreements.  The PSCs have the potential to unlock a new material gas play for domestic consumption in North Sumatra and indeed long term export to regional markets. The work commitment for the Andaman I exploration block is to conduct sub surface studies and to acquire 3D seismic, in the first 3 year term. Dr Bakheet Al Katheeri, Mubadala Petroleum’s Chief Executive Officer, commented:” The operated Andaman I PSC and our interest in the Andaman II PSC, mark the further extension of our Indonesia portfolio with a new high impact growth hub. These new exploration blocks support our growth strategy of finding and, if successful, developing gas for Indonesia’s growing market while it has the potential to deliver significant organic growth opportunities for our existing Indonesian business in the longer term.”

CELEBRATE THE ROYAL WEDDING OF THE YEAR IN KNIGHTSBRIDGE

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Jumeirah Carlton Tower reveals its Royal connections ahead of the Royal Wedding with Royal grade beef, a luxury Royal Suite offering and a candid interview with Meghan Markle Jumeirah Carlton Tower, a landmark luxury hotel in the heart of Knightsbridge, is celebrating its Royal ties in time for the Royal event of the year; the wedding of HRH Prince Harry and Meghan Markle. From serving beef from the Royal Warrant holder who supplies to Her Majesty the Queen, to interviewing Meghan before she was on the Royal-scene, there is no better time to share the connections that the hotel holds. As the world goes Royal-wedding-crazy in the lead-up to the big day, The Rib Room Bar & Restaurant at Jumeirah Carlton Tower will be undertaking its routine Royal-worthy meal preparation. The restaurant has been serving top-quality beef from the Royal Warrant Holder, Donald Russell, for four years. Executive Head Chef at The Rib Room, Simon Young comments “It’s a privilege to be serving meat from Royal Warrant Holder butcher Donald Russell at The Rib Room Bar & Restaurant. Our Royal grade rib of beef dish is a bestseller and our dedicated team in the kitchen work hard so that the meat is prepared to perfection.” For over 40 years, Donald Russell has passionately upheld the highest standards of craft butchery. Renowned for the quality of its hand cut steaks and roasts, its small team of Aberdeenshire butchers were awarded the Royal Warrant for the quality of their meat and poultry in 1984, and have held it continuously ever since. It’s no surprise that the Royal family choose Donald Russell as their butcher by appointment, surrounded by the rich, rolling farmland of Aberdeenshire, Donald Russell has its roots in the partnership of a butcher and a local beef farmer, back in 1974 and are proud to keep the traditional butcher’s craft and hand skills alive. Rob McFarlane, Director of Sales & Business at Donald Russell says: “Here at Donald Russell, we’re very proud of our own Royal connection. We have been supplying the Royal Households for well over 30 years, which we regard as a testament to the quality of our meat. We’ve also worked for many years with The Rib Room, supplying our hand selected, traditionally dry-aged ribs of grass-fed British beef, delivered directly from our butchery in Inverurie, Aberdeenshire to the Rib Room in Jumeirah Carlton Tower in Knightsbridge” Jumeirah Carlton Tower, a stone’s throw away from Buckingham Palace, is also the proud owner of a high-end Royal Suite, which lives up to its elite name and is open for bookings. The Royal Suite offers a truly elevated standard of living, wowing guests with a King Size bed, butler service, truly breath-taking view over Knightsbridge and a modern kitchen with a 10 seat dining room table, as well as many other amenities designed to give guests a truly Royal service. Finally, in May 2015 the Jumeirah magazine got its hands on a much sought after interview with Meghan Markle before she announced her engagement. The interview took place at sister property, Grosvenor House Suites by Jumeirah Living, where Meghan spoke about her stay with Jumeirah, appearing on Suits, working with the United Nations and her now-ceased blog The Tig, on top of other topics that you can find out more about from the attached interview scan. –Ends- Notes to Editors: About Jumeirah Carlton Tower: Jumeirah Carlton Tower, situated in the heart of Knightsbridge, is a landmark hotel acknowledged as one of London’s finest. The hotel is noted for its fine dining, exclusive Peak Health Club & Spa and enviable location off Sloane Street – the capital’s most fashionable shopping area. Jumeirah Carlton Tower offers 216 rooms and suites, individually styled with a calm and contemporary feel, together with dining in the Chinoiserie lounge, The Rib Room and The Club Room. About Jumeirah Group: Jumeirah Group, the global luxury hotel company and a member of Dubai Holding, operates a world-class portfolio of hotels and resorts including the flagship Burj Al Arab Jumeirah. Jumeirah Hotels & Resorts manages properties in Dubai and Abu Dhabi, UAE; Bahrain and Kuwait in the Middle East; Frankfurt, London and Mallorca (Spain) in Europe; the Maldives and Shanghai in Asia. Jumeirah Group also operates the new upscale-casual brand, Zabeel House by JumeirahTM and runs the luxury serviced residences brand Jumeirah LivingTM with properties in London and Dubai; the wellness brand TaliseTM; Jumeirah Restaurant Group DubaiTM; Wild Wadi WaterparkTM; The Emirates Academy of Hospitality ManagementTM; Jumeirah SiriusTM, its global loyalty programme; and isme by Jumeirah™ an app based rewards programme in the UAE. Future openings include luxury hotels in the UAE, Indonesia, China, Oman, Jordan, Malaysia and the Kingdom of Saudi Arabiawww.jumeirah.com

Emirates kicks off the summer season with special fares

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Early bird travellers from the UAE can take advantage of competitive fares to global destinations

Emirates is offering special early bird fares for UAE travellers to destinations within its global network. Travellers who book in advance can enjoy special fares starting today until 30 April 2018 and applies to select travel periods.

Economy Class passengers can enjoy fares to the Middle East starting from AED 795, to Europe starting at AED 2,135, to West Asia & Indian Ocean starting at AED 945, and to the Far East and Australasia starting at AED 2,035. Business Class passengers can enjoy fares to the Middle East starting from AED 3,155, to Europe starting at AED 9,395, to West Asia & Indian Ocean starting at AED 2835, and to the Far East and Australasia starting at AED 8,895. Emirates passengers travelling in all classes will benefit from a generous baggage allowance of 30kg in Economy Class and 40kg in Business Class. Passengers on the Emirates flight will enjoy the airline’s award winning in-flight entertainment system with up to 3,500 channels and up to 20MB complimentary on-board Wi-Fi, as well as regionally inspired meals on-board prepared by award-winning chefs. The offer applies for outbound travel between 19 April and 13 December 2018. For more information on Emirates, including how to book flights and a complete list of terms and conditions, visit www.emirates.ae, travel agent or through the local Emirates Sales Office. Terms & conditions apply.

Al Hokair Group Steps Up Expansion of MENA Hotels & Resorts

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Saudi-based hospitality and entertainment group Al Hokair has chalked out aggressive plans for expansion of MENA Hotels & Resorts across the Middle East that will be unveiled during the Arabian Travel Market in Dubai. Confirming the group’s presence at the show from 22 to 25 April 2018, Mr Sami Al Hokair, Managing Director Al Hokair Group & MENA Hotels & Resorts, stated, “Al Hokair is a trusted name in hospitality and we are eager to capitalize on the massive opportunity for growth in the industry with our brand MENA Hotels & Resorts. Focused on high-growth markets, our expansion is driven by long-term sustainability while strengthening our diverse portfolio of brands.”

MENA Hotels & Resorts is currently present in KSA, UAE and Jordan with seven hotels, boasting 1015 keys, in operation. The brand is expected to double its existing portfolio of hotels by 2019 with a strong development pipeline. Mr Fadi Mazkour, Co-Founder, Regional Director of MENA Hotels & Resorts, said, “MENA Hotels & Resorts is a distinctive collection of properties offering a comprehensive mix of lifestyle brands, from luxury to budget, all reflecting the pulse of Arabian Hospitality delivered by world-class hoteliers. We are well-placed to serve any market segment with a balanced portfolio of five superb brands that have been developed to respond to the needs of today’s guests. The service excellence seamlessly translates into every aspect of MENA Hotels & Resorts, ensuring the highest quality and standards at all our hotels. In keeping with the Arabian culture and traditions all our properties are strictly committed to provide a safe and comfortable environment for families.”

Founded in 1975, under the leadership of Sheikh Abdulmohsin Al Hokair, Al Hokair Group boasts a portfolio of 80+ entertainment centres and 40+ hotels comprising more than 5000 rooms spread across KSA, UAE and JORDAN. Occupying over 882,226 sqm of space and employing over 4100 experienced professionals, the group serves over 8 million people annually.

Al Hokair Group will be present at Arabian Travel Market from 22 to 25 April on stand ‘HC 0570’ in Sheikh Saeed Hall in Dubai International Convention and Exhibition Centre.

About Al Hokair Group Founded in 1975, under the leadership of Sheikh Abdulmohsin Al Hokair, Al Hokair Group boasts a portfolio of 90+ entertainment centres and 40+ hotels comprising more than 5500 rooms spread across KSA, UAE and JORDAN. Occupying over 882,226 sqm of space and employing over 4100 experienced professionals, the group serves over 12 million people annually.

For more information about Al Hokair Group visit www.alhokair.com For more information about MENA Hotels, visit www.menahotelgroup.com

For media contact: Hina Bakht Managing Director EVOPS Marketing & PR Mob: 00971 50 6975146 Tel: 00971 4 566 7355 Hina.bakht@evops-pr.com www.evops-pr.com

Deyaar Hands Over Mont Rose Project

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Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, has started the handover process for the two residential towers in its iconic Mont Rose project which marks Deyaar’s first handover of 2018. Located in Dubai Science Park, the Mont Rose is a contemporary residential and hotel-apartment project. It comprises three towers: Mont Rose residential towers A and B, and one hotel-apartment tower, the Millennium Deyaar Mont Rose Apartments, which will be managed by Millennium & Copthorne, one of the fastest-growing hotel groups in the region. The hotel tower will begin operation in September 2018. Saeed Al Qatami, CEO of Deyaar said: “Delivering a project to our owners at the beginning of the year sets the tone for what we aim to accomplish in 2018. Mont Rose is one of our iconic projects, which is situated to take advantage of Dubai’s up-and-coming areas – including the Expo 2020 site. Deyaar is committed to delivering quality projects that meet our exacting standards, in terms of build, location, and return on investment.” Owners were invited to an orientation event to go through the handover process and the necessary procedures and to inspect their units before receiving their keys. Through this event, Deyaar aims to facilitate the delivery of units to new owners and familiarise them with their new units. Deyaar also expects to deliver The Atria in Q2 2018. Currently near completion, The Atria is located in Business Bay and comprises a four-star hotel apartment tower and a residential tower. The project has 347 serviced apartments managed by the Millennium & Copthorne Group, and 219 residential units. Residents will have access to facilities such as a luxury spa, fine dining restaurant, gymnasium, and an infinity pool that overlooks the iconic Burj Khalifa. Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is one of Dubai’s leading developers, with real estate ventures spanning key growth corridors and prime locations within the emirate. Over the years, Deyaar has delivered an extensive portfolio of commercial and residential properties, all offering the highest levels of service and quality.