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4 UAE malls, projects to watch out for

Aug 7 - ORE Blog News

The ferris wheel off the JBR coast.

4 of UAE's biggest projects that will boost consumer spending

Some of these projects are likely to bring more cheer to Dubai shoppers

Dubai: In a country where shopping is a favourite pastime for residents with high disposable incomes, there is no shortage of malls, shopping centres and boutiques.

Every so often, a new development is being announced, be it a mega shopping complex on a man-made island or a series of retail shops to complement another larger-than-life landmark.

Between  2017 and 2020 alone, at least four mega developments that are currently under construction in the UAE are scheduled for completion, and they are expected to deliver more than 3,000 shops.

The developments include malls, as well as leisure and recreation facilities, that cost as much as $1.8 billion (Dh6.6 billion) to build. And all of these projects have one goal in common: to cash in on the spending power of UAE residents and visitors.

In 2016, shopping malls in Dubai, Abu Dhabi and the rest of the emirates, attracted more visitors than ever, with footfall numbers posting a 5.8 per cent increase, thanks mainly to the huge influx of tourists, shopping promotions and events, and a tax-free regime.

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Mohammad Bin Rashid unveils mega-replica of ‘Dubai Creek Tower’

Gulf News Image

(c) Gulf News

The replica is made of aluminium and includes 3D-printed cladding elements

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has unveiled a replica of the ‘Dubai Creek Tower’ — the icon that will frame a fascinating new skyline in the emirate.

The new centrepiece of the Grand Atrium in The Dubai Mall was revealed during a special ceremony attended by Shaikh Mohammad. The replica of the monument is a near-to-real representation of the design, architecture and illumination aspects of Dubai Creek Tower.

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Dubai’s real estate records a robust Dh132b in first half deals

July 30 - ORE Blog

Palm Jumeirah was top spot in value terms while Marina had the volumes

Dubai Marina and Business Bay retained their status as investor hotspots as overall property transactions in Dubai totalled Dh132 billion in the first half of 2017. This was done through 35,571 deals, and the amount represents a significant gain from the Dh113 billion recorded in the first six months of 2016, based on data from Dubai Land Department released Sunday.

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Home is where smart(phone) is

July 29 - ORE Blog

Though social media dominates the revolution of Internet in our daily lives, there are new domains such as search for cars, gadgets and movie reviews that are catching up fast.

The new trend evolving quite fast among UAE residents is online search for properties as well as for areas where to live.

Nearly seven out of 10 buyers in the UAE search for available properties online and also check the value of their current home on different property portals using their mobiles and emails. While 65 per cent go online to search for areas where to live and information about taxes and regulations, according to a new research by HSBC.

Despite the fact that the UAE residents are lagging in terms of buying and renting properties through online property portals as compared to other developed markets, but this trend is catching up fast and they are increasingly becoming comfortable to buy and rent a home through "property technology" (PropTech) revolution which has now arrived in the UAE.

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Emaar launches Golf Links development in Dubai South

July 26 - ORE Blog Golf Links

Image Credits to Emaar

Emaar Properties has launched the Golf Links community in a joint venture with Dubai South, located along an 18-hole golf course within the Emaar South development.

The development will only offer four and five-bedroom golf villas overlooking the golf course, a recreation centre, and family park within a gated community.

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