Thursday, April 30, 2009
Burj Dubai and International Village,Downtown Burj Dubai photos, 30/April/2009
Burj Dubai and International Village,Downtown Burj Dubai photos, 30/April/2009
Emirates Park Towers Hotel and Spa ,Business Bay , Dubai photos,30/April/2009
Emirates Park Towers Hotel and Spa ,Business Bay , Dubai photos,30/April/2009
Downtown Burj Dubai District Cooling ,Dubai photos,April 2009
Downtown Burj Dubai District Cooling ,Dubai photos,April 2009
Dubai Municipality abolishes insurance for approving building plans
DM abolishes insurance for approving building plans
Based on the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai on easing the burden on customers, streamlining the procedures and overcoming obstacles, Eng. Hussein Nasser Lootah, Director General of Dubai Municipality has issued a decision cancelling the insurance amount, which was required at the time of approving building plans.
Lootah said that the Municipality has, through this decision, tried to reduce the efforts exerted for the process of payment and receipt of insurance so as to save the time and effort of the customers.
"At the same time it will also save the financial burden on the customer and facilitate the procedures in light of the current situation. This move is part of the Municipality's keenness on achieving customer satisfaction and simplifying procedures," he said.
As per the clauses of the decision the insurance on transactions regarding the approval of plans imposed on the owners when they submit applications for building permits has been cancelled. It was a fee submitted along with the building plans, which was acknowledged by the competent department to issue a building permit. The owner receives the difference between the acknowledged fee and the estimated fee which must be met in the light of the accounts to the area of the building during the final approval of the plans.
In the previous decision the owner had to pay an insurance amount called insurance on transaction related to plan approval, which was equal to the set of fees that must be met for the issuance of building permit.
Based on the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai on easing the burden on customers, streamlining the procedures and overcoming obstacles, Eng. Hussein Nasser Lootah, Director General of Dubai Municipality has issued a decision cancelling the insurance amount, which was required at the time of approving building plans.
Lootah said that the Municipality has, through this decision, tried to reduce the efforts exerted for the process of payment and receipt of insurance so as to save the time and effort of the customers.
"At the same time it will also save the financial burden on the customer and facilitate the procedures in light of the current situation. This move is part of the Municipality's keenness on achieving customer satisfaction and simplifying procedures," he said.
As per the clauses of the decision the insurance on transactions regarding the approval of plans imposed on the owners when they submit applications for building permits has been cancelled. It was a fee submitted along with the building plans, which was acknowledged by the competent department to issue a building permit. The owner receives the difference between the acknowledged fee and the estimated fee which must be met in the light of the accounts to the area of the building during the final approval of the plans.
In the previous decision the owner had to pay an insurance amount called insurance on transaction related to plan approval, which was equal to the set of fees that must be met for the issuance of building permit.
Wednesday, April 29, 2009
Burj Place,Al Hekma Tower,The Private Office , Dubai photos, April 2009
Burj Place,Al Hekma Tower,The Private Office , Dubai photos, April 2009
29 Burj Dubai Boulevard, Downtown Burj Dubai photos, April 2009
29 Burj Dubai Boulevard, Downtown Burj Dubai photos, April 2009
RTA Bags four Excellent Performance Awards as well five Employees Honored
RTA Bags four Excellent Performance Awards as well five Employees Honored
Roads & Transport Authority – Mohammed Al Munji:
H.E. Mattar Al Tayer, Chairman of the Board and Executive Director of Roads & Transport Authority (RTA), expressed deep gratitude to HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, for lending support and patronage of the pioneer drive of excellence in the public sector. Such a drive has well been illustrated, thanks to the establishment of Dubai Government Excellence Program (DGEP); which was established in 1997 as an integrated government excellence program across the globe and a driving force to bring about a quality shift in the performance of government departments & units, based on well established universal standards.
HH stresses that every government employee shoulders a huge responsibility to work wholeheartedly to sustain the drive of successes & unprecedented achievements; a legacy passed on from ancestors and we expect our current generations to carry on.
Al Tayer also expressed deep appreciation to HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of Dubai Executive Council, for the close follow-up of the performance of various government authorities & departments in the emirate.
“Thanks to the wise directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the incessant follow-up of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince, and the dedicated efforts & team spirit of its employees, RTA was able to uplift the performance level, keep abreast of successive events in various fields, and introduce new administrative concepts. RTA could raise the bar of excellence standards through developing its human resources, fostering the spirit of creativity & innovation across the board, providing a good working environment, and advocating the team spirit; which was culminated in extensive achievements, delivery of projects that left impressive results across the emirate, and constructive participation in all categories of DGEP.
“Accordingly, RTA landed the Distinguished Management Initiative Award through Metro Stations Naming Rights Project; which marks a transition of the traditional administrative methods, and the first investment model that generates feasible revenues contributing to the development of public transport infrastructure worldwide. Moreover, it enhances the partnership with the private sector, and fosters the culture of knowledge, interaction, constructive competition, and innovative concepts.
“RTA stance to embrace high technology and innovations as a means of bolstering the performance of traffic mobility in the emirate, as reflected in its vision of providing Safe & Smooth Transport for All, enabled RTA to bag the prestigious Distinguished Technological Project Award through the Toll Gate System (Salik); which is part of integrated solutions developed by the RTA to ease traffic congestion.
“Thanks to the dedicated and diligent efforts of its employees, RTA scooped other Awards under various excellence categories of DGEP Awards; namely: Kawthar Kazim, Director of Human Resources & Development Dep’t was honoured with Distinguished Female Employee Award in recognition of her efforts in bringing about a quality shift in the method & management of HR at the RTA; a transition marking a breakaway from the traditional method to a target-geared management. Noura Al Abdouli, also from Human Resources & Development Dep’t, clinched Distinguished New Employee Award in recognition of her multiple initiatives & excellent achievements made.
Al Tayer concluded: “Besides employee excellence awards, the Director of Rail Planning & Development Dep’t Abdul Rida Abu Al Hassan, were honoured with Distinguished Government Employee Award, and another staff from Rail Agency, Al Tayeb Al Maqdami, was honoured with Creative Employee Award. Three more employees were also honoured under Unsung Hero Award; namely: Hayder Adel Khudair, Qamar Zaman Jan Dar, and Musa Ghulam Raheemi.”
Al Tayer hailed the efforts of the winning employees and praised their assiduous efforts to excel in their jobs; which was culminated in scooping the prestigious awards. Winning these awards will be a great impetus for the RTA to proceed ahead with the administrative & technical advancement and pursue the tradition of excellence.
Photos:
- HH Sheikh Mohammed bin Rashid honours RTA for Salik system
- HH Sheikh Mohammed bin Rashid honours RTA for Metro Stations Naming Rights
The latest communications and infrastructure technology showcased at The Hotel Show, the region's premier hospitality services trade event
$290 million technology spending forecast for new GCC hotels
The latest communications and infrastructure technology showcased at The Hotel Show, the region's premier hospitality services trade event
Spending on communications and technology infrastructure for hotels in the Arabian Gulf in 2009 and 2010 is forecast to exceed $290 million, according to the latest industry research data.
“This is a very large market relative to the rest of the world and is a reflection of the record number of hotel projects upcoming in the region in spite of the impact of the global downturn,” said Maggie Moore, Exhibition Director of The Hotel Show.
The Hotel Show, the region’s premier trade show for the industry, takes place at the Dubai World Trade Centre from 24-26 May 2009 and will host the latest products, services and technologies from all aspects of the hospitality and leisure sector.
The data on communication infrastructure budgets for upcoming Gulf hotels has been compiled by research company Proleads for The Hotel Show which will feature a special security and technology arena. The accompanying Seven Star Conference will also devote sessions to technology and design, technology for profit, future trends and technological requirements in hotels.
According to the Proleads data, spending on communications infrastructure from cabling, telephony, hotel management systems to hotel room TVs will peak this year in the United Arab Emirates at almost $81 million but decline in 2010 to just over $46 million. Qatar will also record a slight fall from $5.7 million this year to just over $3 million in 2010.
The rest of the Gulf Co-operation Council countries will record rises, led by Oman where spending is forecast to increase from $4 million this year to more than $29 million in 2010. Over the same period, the forecast for Saudi Arabia is a rise from $27 million to $32 million; Bahrain $14 million to $18.5 million; Kuwait $6 million to almost $10 million. Overall, the forecast for the GCC is for spending on communications infrastructure to reach in excess of $290 million over the two full years.
The latest technology solutions for the hospitality sector in areas such as guest and function rooms, public areas, business centres and back offices will be on display at The Hotel Show.
Samsung, which will be exhibiting at the show, with their new range of flat panel televisions, recently announced the launch of a new range of hospitality TVs. Designed to reflect contemporary style in hotel rooms, the new TVs are ready for high-definition digital broadcasts and are made with more environmentally friendly materials. Importantly, they are also energy efficient, saving up to 60% on standard power consumption.
Other sectors of the show will include Interiors & Design; Operating Equipment & Supplies; and The Resort Experience covering all things outdoor; including furniture, accessories and design, including spa equipment and supplies. The Hotel Show 2009 also sees the launch of the first Middle East Spa Summit, addressing issues and trends in spa treatments as well as design, environmental impact, human resources, management and operations topics.
Industry partner for The Hotel Show is Hepo; Corporate Catwalk sponsor is A Ronai; the hotel sponsor for the conference and summit is the Grand Millennium Hotel; audio-visual sponsor is Almoe and the conference producers are D’Events.
Photo caption:
Samsung, a market leader in flat panel televisions, will be displaying its latest range of high technology TVs designed for hotel rooms.
For more information about The Hotel Show, please visit: www.thehotelshow.com
Al Hamra Village to handover another 1,000 luxury residential units in Ras Al Khaimah
Al Hamra Village to handover another 1,000 luxury residential units in Ras Al Khaimah
Phase 2 of development now complete, offering 400 townhouses and villas and 600 flats
April 29, 2009
Al Hamra Village, Ras Al Khaimah's exclusive luxury residential and leisure development, has announced that up to 385 townhouses and villas and some 310 flats in the Marina building have been handed over and 283 units in the marina are now getting ready for handover following the completion of Phase 2 of the development. Al Hamra Village further revealed that up to 85 per cent of units within Phase 2 has been sold out and delivery of units is expected to be completed by August 2009.
Construction on Phase 3 of Al Hamra Village, on the other hand, has been well ahead of schedule with a phased handover of units scheduled between September 2009 and March 2011. Located south of Ras Al Khaimah City, the 2.5 million square-meter residential community is a picturesque sight set against a backdrop of salt water lagoons, a championship golf course and its own marina. Al Hamra Village offers freehold property options and features an excellent range of amenities within a highly secure, safe, vibrant and luxurious community.
Romain Felber, General Manager, Al Hamra Village, said: "Ras Al Khaimah has become a popular destination for tourist and business travellers, while there is also a growing number of people who have chosen to live and take advantage of the exciting new opportunities in the emirate. Al Hamra Village has been created primarily to complement the emirate's growing reputation as a choice destination for business, leisure and home living. The unique development has been expertly designed to allow residents to fulfil their dream lifestyle and redefine the meaning of luxury living. Moreover, Phase 2 delivers a fresh supply of nearly 1,000 housing units, which will certainly address the growing demand for residential properties in the emirate."
Al Hamra Village has also disclosed that the planning for Phase 4 of the residential project is now being finalised and will begin construction soon. Aside from a range of leisure and recreational facilities, Al Hamra Village is also fully equipped with essential utilities and services such as efficient electricity and water billing through a card billing system, petrol and diesel distribution pontoon and dispensers and boating facilities within the Marina Yacht Club among others.
Tuesday, April 28, 2009
The Address Hotels , Dubai Mall Hotel and Burj Dubai Lake Hotel,Dubai photos , April 2009
The Address Hotels , Dubai Mall Hotel and Burj Dubai Lake Hotel,Dubai photos , April 2009
Red Tower,TECOM,Dubai Media City,Dubai photos, April 2009
Red Tower,TECOM,Dubai Media City,Dubai photos, April 2009
PALME exhibitors acclaim show success
PALME exhibitors acclaim show success
Curtain falls on Mid East’s largest professional audio, lighting, entertainment and event management show with exhibitors in high spirits
Palme Middle East 2009, the premier exhibition for the region’s lighting, AV, systems integration and event management industry, closed today with exhibitors hailing the success of the show. In addition many exhibitors have confirmed that due to high quality of visitors that attended the show, they would be back for next year’s event.
“Many exhibitors, told us they were very impressed with the quality of visitors that attended the show, especially those from outside of the immediate region. Some participants had even reserved exhibition space for PALME 2010 by the second day,” said Alex Heuff, Show Director of PALME 2009.
“We’ve made every effort over the last 12 months to align visitor profiles with the appropriate vertical sectors of the exhibition. With a number of deals worth several million dollars already concluded onsite, we’ve clearly got that profiling right.”
The 7th annual PALME Middle East exhibition ran from Sunday April 26 to Tuesday 28 in Halls 5-8 at the Dubai International Exhibition Centre and covered 20,000 square metres of exhibition space showcasing more than 160 companies, representing more than 600 brands.
However it was just about the exhibitors, The feed-back from visitors to the show was that they had come to see what the new trends were and had not been disappointed either on the exhibition floor or during the series of conferences, many of which were oversubscribed.
One of the companies already booked for next year is audio equipment systems specialist APart, of Belgium. Kris Vermuyten, Sales and Marketing Manager, said the show had provided good systems integration contacts, which, as the company only worked through distributors or systems integrators, is exactly what he was looking for.
Creative Director at Lobo, Alexander Hennig , reported a record number of direct sales enquiries as well as other good contacts that he has made at the show.
“We were pleasantly surprised by the level of interest shown. We met people from all over the Middle East and as far afield as India and Italy,” said Henning.
Karl-Gustaf Kahlau, Export Sales Manager of the Swedish loud speaker system supplier, Renkus-Heinz, said the show had been “perfect” with regards to the number of customers and new prospects that had visited the stand.
“We closed a few deals, but most of our projects are long term, so it’s always important to make new contacts which this show has been very good at supplying. I’ve been here five times before and I’ll be exhibiting again next year,” he said.
Mindstec’s Qomo 105-inch interactive white board not only attracted substantial interest from the education sector, but also secured several sales. The company was particularly pleased with the number of visitors from beyond the UAE.
“We had a lot of enquiries from Saudi, which was very good as it’s a market we are looking to expand further in the coming year,” said Rajesh Nair, Business Development Manager, Mindstec.
Another company pleased with the amount of interest in its products and the quality of the visitors was electronic voting products supplier, Fleetwood. It is the company’s second participation at Palme and its Vice President of Sales and Marketing Electronics Division, Pat Moody, said the company would be back next year.
“When we came here about four year ago, there was not much awareness of our electronic voting products, used in game shows, AGMs, market research, conferences and surveys. But it was different this year,” said Moody.
“The traffic (visitors) to our stand was good and the quality of the visitors was very professional - we were dealing with qualified buyers and this year the market was much more aware of our products,” he added.
Curtain falls on Mid East’s largest professional audio, lighting, entertainment and event management show with exhibitors in high spirits
Palme Middle East 2009, the premier exhibition for the region’s lighting, AV, systems integration and event management industry, closed today with exhibitors hailing the success of the show. In addition many exhibitors have confirmed that due to high quality of visitors that attended the show, they would be back for next year’s event.
“Many exhibitors, told us they were very impressed with the quality of visitors that attended the show, especially those from outside of the immediate region. Some participants had even reserved exhibition space for PALME 2010 by the second day,” said Alex Heuff, Show Director of PALME 2009.
“We’ve made every effort over the last 12 months to align visitor profiles with the appropriate vertical sectors of the exhibition. With a number of deals worth several million dollars already concluded onsite, we’ve clearly got that profiling right.”
The 7th annual PALME Middle East exhibition ran from Sunday April 26 to Tuesday 28 in Halls 5-8 at the Dubai International Exhibition Centre and covered 20,000 square metres of exhibition space showcasing more than 160 companies, representing more than 600 brands.
However it was just about the exhibitors, The feed-back from visitors to the show was that they had come to see what the new trends were and had not been disappointed either on the exhibition floor or during the series of conferences, many of which were oversubscribed.
One of the companies already booked for next year is audio equipment systems specialist APart, of Belgium. Kris Vermuyten, Sales and Marketing Manager, said the show had provided good systems integration contacts, which, as the company only worked through distributors or systems integrators, is exactly what he was looking for.
Creative Director at Lobo, Alexander Hennig , reported a record number of direct sales enquiries as well as other good contacts that he has made at the show.
“We were pleasantly surprised by the level of interest shown. We met people from all over the Middle East and as far afield as India and Italy,” said Henning.
Karl-Gustaf Kahlau, Export Sales Manager of the Swedish loud speaker system supplier, Renkus-Heinz, said the show had been “perfect” with regards to the number of customers and new prospects that had visited the stand.
“We closed a few deals, but most of our projects are long term, so it’s always important to make new contacts which this show has been very good at supplying. I’ve been here five times before and I’ll be exhibiting again next year,” he said.
Mindstec’s Qomo 105-inch interactive white board not only attracted substantial interest from the education sector, but also secured several sales. The company was particularly pleased with the number of visitors from beyond the UAE.
“We had a lot of enquiries from Saudi, which was very good as it’s a market we are looking to expand further in the coming year,” said Rajesh Nair, Business Development Manager, Mindstec.
Another company pleased with the amount of interest in its products and the quality of the visitors was electronic voting products supplier, Fleetwood. It is the company’s second participation at Palme and its Vice President of Sales and Marketing Electronics Division, Pat Moody, said the company would be back next year.
“When we came here about four year ago, there was not much awareness of our electronic voting products, used in game shows, AGMs, market research, conferences and surveys. But it was different this year,” said Moody.
“The traffic (visitors) to our stand was good and the quality of the visitors was very professional - we were dealing with qualified buyers and this year the market was much more aware of our products,” he added.
Events industry honours Dubai Duty Free’s McLoughlin
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Events industry honours Dubai Duty Free’s McLoughlin
Lifetime achievement award for outstanding contribution to regional events industry at the Middle East Event Awards
Colm McLoughlin, Managing Director of Dubai Duty Free, was honoured last night (Monday 27 April 2009) with a lifetime achievement award in front of over 400 top regional industry professionals at the Middle East Event Awards during the event 360 exhibition.
The award to McLoughlin recognises his pioneering role in utilising events to develop the profile of Dubai as a business, leisure and sporting destination. “From the very early days of the operation in the 1980s, Dubai Duty Free under Colm’s direction, has understood the importance and the power of marketing events in order to reach out to a local, regional and global audience,” said master of ceremonies Dave Crane.
Even before Dubai had an airline, a tourism board and tourism infrastructure, Colm and his team were identifying events, such as snooker, horse racing and tennis and which have now become synonymous with Dubai Duty Free. The Dubai Tennis Championships is one of the biggest events staged and managed by Dubai Duty Free and reaches the homes of an estimated 400 million people worldwide.
“Without a doubt, Colm and Dubai Duty Free have, through their selection and management of key events here in Dubai, helped to firmly position Dubai as a leading destination in its own right,” Crane added.
Some of the other highlights included, Flash winning two Awards for The Capitala World Tennis Championships and the George Michael and Alicia Keys Concert; HQ Creative for winning two Awards, for Summer in Abu Dhabi 2008 and arrival of the QE2 and Abu Dhabi National Exhibitions Company for winning the best venue in the Middle East and Best Exhibition for IDEX 2009.
In addition to Colm McLoughlin, Simon Horgan, Chief Executive Officer of ADNEC won the Outstanding Contribution to the Middle East Events Industry.
A panel of judges from a variety of industry sectors and disciplines selected the winners. Hosted by event 360, the awards are open to companies who plan, manage, supply or service exhibitions; consumer, corporate and public events; weddings, parties, concerts, venues and theatres.
“Over 200 different event projects were submitted for consideration this year and the standard was incredibly high. But it is also a night for celebration not just recognition, and one of the main aims of these awards besides showcasing innovation and excellence, is the hope that they will provide inspiration and encouragement for the future development of an already vibrant industry,” said Alex Heuff, Show Director of organisers IIR Exhibitions.
Organised by IIR Middle East, event 360 is a dedicated vertical show under the umbrella of PALME Middle East at the Dubai International Exhibition and Convention Centre. Gold sponsor of the awards is Gemini Worldwide; Silver sponsors are Byrne Equipment Rental and Band Experience; Production sponsor is Neumann & Mueller.
The full list of last night’s other winners is as follows:
Best Meeting - B Communications, for the HP IPG Technology Roadshow.
Best Trade Exhibition - Abu Dhabi National Exhibitions Company, for IDEX 2009.
Best Corporate Product or Service Launch – Zaya, for the launch of Nurai Island.
Best Fair/Festival/Concert – Flash, for George Michael & Alicia Keys Live in Abu Dhabi.
Best Arts and Cultural Event – Pyramedia, for Al Mahabba Awards Festival.
Best Sporting Event – Flash, for the Capitala World Tennis Championship.
Outstanding Event using a Temporary Venue/Structure or Space - Action Impact, for the du Ramadan Experience.
Best Marketing of an Event - Chillout Productions, for the Skywards Dubai International Jazz Festival 2009.
Innovative New Product for the Events Industry - Satellite Visual Communication for Spotme.
Best Meeting or Events Venue - Abu Dhabi National Exhibition Centre.
Best Creative Use of Event Lighting - Mamemo Productions, for the launch of Venti Quattro Tower.
Best Event Theme/Décor - HQ Creative, for Summer in Abu Dhabi 2008.
Outstanding Production Achievement - HQ Creative, for the QE2 Arrival Event.
Green Award - Qatar MICE Development Institute, for the UNEP Ozone Protection Meetings.
Best Exhibition Stand Design - Omniyat Properties for its stand at Cityscape Dubai 2008.
Photo caption 1: Bernard Walsh, last year’s winner presents Colm McLoughlin, Managing Director of Dubai Duty Free with a lifetime achievement award at the Middle East Event Awards 2009.
Photo caption 2: Middle East Event Awards 2009 Winners
Dubai ranks first among cities with highest average residential property prices at USD 7000 per sq. m.
Dubai ranks first among cities with highest average residential property prices at USD 7000 per sq. m.
REIDIN.com unveils ‘Market Data’ to provide real estate and property information on 59 cities across 34 emerging countries
April 28, 2009
Dubai has ranked first among 59 cities in 34 emerging countries with the highest average residential property prices, recording a rate of around USD 7000 per sq. m. as of February 2009, according to the latest ‘Market Data’ released by REIDIN.com, the world’s first and leading global online information services provider. ‘Market Data’ has been added to ‘REBIS’, a one-stop shop information portal offered by REIDIN.com, that gives a bigger picture of the real estate industry by covering the micro and macro environment that stimulate the sector dynamics. Through ‘Market Data’, users can now access up-to-date real estate sales and rental prices related to the residential, office, retail, commercial, industrial and land sectors.
Next to Dubai, Singapore has emerged as the second city with the most expensive residential properties with an average sales price of USD 6600 per sq. m., followed by Moscow (USD 6000), Hong Kong (USD 5400), Beijing (USD 4500) and Tel Aviv (USD 4200). The rest of the cities in the top 10 include Ljubljana, Prague, St. Petersburg and Muscat. Updated on a monthly basis, ‘Market Data’ has extensive reach that covers Asia, Europe, GCC, MENA, Sub- Saharan Africa, Latin America, with most of the market information sourced from REIDIN.com. Sales and rental data sourced from NAI Global and Global Property Guide Regional Statistics is also available.
“The launch of ‘Market Data’ further strengthens the capacity of ‘REBIS’ to provide an accurate overview of the industry for the benefit of real estate professionals, investors and other potential users who want to access the latest market information in the real estate sector across the region and beyond,” said Ahmet Kayhan, CEO, REIDIN.com. “As with the rest of our products, the credibility of the information offered by ‘Market Data’ is unsurpassed and bears the REIDIN.com trademark of reliability, which will prove valuable to help players make intelligent decisions based on dependable market data.”
The reliability of ‘Market Data’ also stems from the methodology upon which the information is derived. REIDIN.com revealed that the numbers presented within ‘Market Data’ are based on the asked price data series from property listings and other portals from over 34 countries, with the selection of listings based on relevant criteria such as city or country coverage, number of properties, available property details, update frequency and cleanness of data. Within each city, districts are categorised according to six main district types on the basis of concentration of business, land valuation, and access to key locations, among others. A set of prices is then selected from datasets and the minimum, maximum and average is calculated statistically, rejecting outliers and defining an appropriate price range.
In addition to residential property prices, ‘Market Data’ also includes the latest real estate rental rates across the most important real estate destinations. According to figures as of February 2009, the average rental price for residential units in Dubai Downtown, Central Business District is between USD 17.54 per sq. m. and USD 56.41 per sq.m. monthly, while buying apartments in the same area cost from USD 3444.16 and USD 9861.17 per sq. metre. By referring to the information provided by ‘Market Data’ and ‘REBIS’, market professionals and users can make more informed choices on whether to rent or simply buy property within the city of their choice.
“Our commitment to the growth of the real estate business is driving us to further enhance our products by launching new features that address the ever-increasing need of the market for reliable information. In line with this, we are directing majority of our resources towards incorporating new features based on the evolving requirements of users and further expanding the coverage of our database. We have high expectations that ‘Market Data’ will be of valuable help to our customers and we are anticipating success for this new feature and ‘REBIS’ as whole,” concluded Kayhan.
Monday, April 27, 2009
Executive Towers,Business Bay,Dubai photos,27/April/2009
Executive Towers,Business Bay,Dubai photos,27/April/2009
