DIRS.INFO The most relevant business & tech news

☆ Meet the Dubai artist whose work has sold for millions — and turns down 99% of prospective buyers
▼ + stars: | 2024-04-26 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +2 min

watch nowContemporary artist Sacha Jafri prides himself on his unique way of working. The artist Sacha Jafri at his studio in Dubai, U.A.E. He said he goes into a meditative state when creating his work. So, I'm in a meditative state, I'm in a complete trance, I have no clue what I'm doing. Artist Sacha Jafri painting on the helipad at the Burj Al Arab Jumeirah hotel in Dubai.

Persons: Sacha Jafri, Jafri, I've, Andre Abdoune, Emad Salehi Organizations: Oxford, Ruskin School of Art, CNBC, Burj, Burj Al Arab Jumeirah Locations: Dubai, London, U.S, British, U.A.E, Burj Al Arab

☆ The week that life in Dubai ground to a halt
▼ + stars: | 2024-04-20 | by ( Abbas Allawati | Abbas Al Lawati | ) edition.cnn.com time to read: +9 min

The United Arab Emirates, of which Dubai is part, saw the heaviest rainfall in at least 75 years, with more than a year’s worth of precipitation in 24 hours. Abandoned vehicles on a flooded highway after a rainstorm in Dubai, United Arab Emirates on Wednesday. People stand as flood water caused by heavy rains covers the stairs of a residential building, in Dubai, United Arab Emirates on Wednesday. A man walks in flood water caused by heavy rains, with the Burj Khalifa tower visible in the background, in Dubai, United Arab Emirates, April 17, 2024. Residents move their belongings on a kayak at a flooded residential complex following heavy rainfall, in Dubai, United Arab Emirates on Thursday.

Persons: hadn’t, Christopher Pike, ”, Sofie, Sheikh, Avinash Babur, Amr Alfiky, Babur, Amr Alfiky Amr Alfiky, Ali Salem, “, wasn’t Organizations: UAE CNN, United, United Arab Emirates, Bloomberg, Getty, Dubai Marina, CNN, “, Dubai “, REUTERS, Reuters, . Schools Locations: Dubai, UAE, United Arab Emirates, Ras Al, Khaimah, Persian, United Arab, Western, lockdowns, freezers, United States, China, Burj Khalifa, Jumeirah

☆ The Link, Dubai: The UAE’s longest suspended infinity pool just opened on the world’s longest cantilever building
▼ + stars: | 2024-02-08 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

The newly opened twin skyscrapers One Za’abeel are home to the world’s longest cantilever building and on it, the United Arab Emirates’ longest suspended infinity pool, which is 120 meters (393 feet) in length. The 120-meter-long (394-feet) pool at The Link is the UAE's longest suspended infinity pool. World's highest infinity pool: Dubai has another Guinness World Record to add to the pile. Courtesy Address Hotel + Resorts Two world records: The skybridge connecting the top part of Jumeirah Gate is home to luxury apartments. Courtesy Address Hotel + Resorts Bedroom: There are 217 guest rooms and suites in the hotel and close to 1,000 apartments in Address Beach Residences.

Persons: Fadi Jabri, “, it’s, Badr Benryane, “ It’s, ”, Benryane, You’re, Skypool, it's Organizations: CNN, CNN —, United, United Arab Emirates ’, Nikkei, cabanas, VIP cabanas, Resorts Zeta, Zeta Seventy, Eiffel, Covid Locations: CNN — Dubai, United Arab, Sekkei Dubai, Peruvian, loungers, Dubai, Jumeirah, Badr

☆ Why Bulgari and Armani are building designer homes in Dubai
▼ + stars: | 2024-02-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

CNN —Armani… Bulgari… Versace…The list reads like the directory of a designer shopping mall. It has more luxury branded residences than anywhere else in the world, knocking South Florida, the sector’s longstanding leader, off the top spot last year. On average, branded residences command a 30% premium compared to similar-quality properties in the same location. The deposits for off-plan purchases can often amount to more than $1 million for prime real estate. “There is a big appetite from both buyers as well as the developers, to continue with branded residences,” said Piro.

Persons: CNN — Armani, Bulgari … Versace, Savills, ”, Patricia Viel, ” ACPV, Bulgari, Viel, Faisal Durrani, Knight Frank Middle, Knight Frank’s, Knight Frank, it’s, Durrani, Rosa Piro, Tadao Ando, Arada, Piro, Armani, Giorgio Armani, Arada Durrani Organizations: CNN, Villa, ACPV, Neverending, Bulgari, Michelin, Resorts, Knight, United Arab, “, Armani, Jumeirah Locations: Dubai, South Florida, Milan, there’s, Aspen, Miami, Algarve, Bahamas, United Arab Emirates

☆ A concierge at the world's most luxurious hotel details guests' wildest wishes, from a hot air balloon proposal to a 2 a.m. shopping spree
▼ + stars: | 2024-01-16 | by ( Joey Hadden | ) www.businessinsider.com time to read: +5 min

Burj Al Arab Jumeirah is one of the world's most iconic luxury hotels on a manmade island in Dubai. Roger Geadah is the hotel's chief concierge, who organizes custom experiences for guests. AdvertisementThe Burj Al Arab Jumeirah hotel in Dubai is "the most luxurious hotel in the world," Business Insider previously reported. Meet the chief concierge at the world's most luxurious hotel who caters to guests' every whimA view of Burj Al Arab Jumeirah in Dubai. In addition, he also plans exclusive experiences only available at Burj Al Arab Jumeirah, such as a high-end, exclusive star-gazing experience on the hotel's helipad.

Persons: Roger Geadah, Geadah, —, It's, Sylvain Sonnet, Burj Al Arab Jumeirah, Julia Schmitz, Laszlo Szirtesi Organizations: Service, Al Arab Jumeirah, BI, Michelin, Travel, Burj Al, Dubai Mall, Oneworld, Getty Locations: Al Arab, Dubai, Arabian, Burj Al Arab Jumeirah, Paris, Burj Al Arab, Dubai's, Deira, India

☆ Dubai penthouse sells for record $136 million
▼ + stars: | 2023-12-05 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

CNN —A five-bedroom penthouse covering almost 22,000 square feet has sold in Dubai for 500 million UAE dirhams — just over $136 million — setting a new record for one of the world’s busiest luxury real estate markets. Record salesThe previous record for a penthouse sale in Dubai dates back just a few months, when an apartment occupying the top floor of the Marsa Al Arab Hotel sold for 420 million UAE dirhams (about $114 million). According to Provident Estate, the penthouse at Como Residences is the third most expensive in the world, after Penthouse D at One Hyde Park in London, priced at $237 million, and the Odeon Tower Penthouse in Monaco, priced at $440 million. Shutterstock Palm Jumeirah also boasts the first monorail in the Middle East, which opened in April 2009, and connects the Palm to Dubai's mainland. But when it comes to the asking price for a penthouse, the view is one of the key drivers.

Persons: CNN —, Nahkeel, Karim Sahib, Giuseppe Cacace, Shutterstock, Kamran Jebreili, ”, Chris Boswell, he’s, ” Boswell, “, it’s Organizations: CNN, UAE dirhams —, Jumeirah, Provident Estate, Marsa Al Arab, UAE, Como Residences, Penthouse, Dubai Marina, Getty, Burj Locations: Dubai, Como, Marsa, Hyde, London, Monaco, Burj Al Arab, Burj, Eastern Europe, Dubai's, Nakheel, AFP, Karim, Burj Al, United States, Italy, France

☆ Joost Luiten: Frustrated golfer throws club into tree – loses two more trying to retrieve it
▼ + stars: | 2023-11-20 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

CNN —Losing a golf club in a tree? The Dutch golfer had already been enduring a Sunday to forget at the season-ending DP World Tour Championship in Dubai when his drive from the ninth tee went sailing left into a bunker. “Taking tree trouble to the next level,” posted the DP World Tour on its X account. Three birdies in a row soon followed but ultimately came too little too late, as a final round one-over 73 saw Luiten sign off at three-over overall, 48th of the 50-player field. “I was frustrated, one of those weeks [when] nothing went my way,” Luiten told reporters.

Persons: Joost Luiten, Luiten, ”, Melanie, Jane, ” Luiten, ” Denmark’s Nicolai Hojgaard, Giuseppe Cacace, Tommy Fleetwood, Viktor Hovland, Matt Wallace, ” Hojgaard Organizations: CNN, –, Hojgaard, Getty, Ryder Locations: Dubai, AFP

DUBAI, United Arab Emirates (AP) — Nicolai Hojgaard claimed the biggest title of his career Sunday after running off five straight birdies down the stretch to win the season-ending World Tour Championship by two strokes. 13-17, shoot 8-under 64 and end the finale to the European tour on 21-under par. This one feels great.”Political Cartoons View All 1256 ImagesHojgaard has now won a tournament for three consecutive years on the European tour but this was easily his biggest, earning him $3 million. Rasmus Hojgaard hit his second shot into the water guarding the green and only made par. Nicolai Hojgaard jumped to second place in the Race to Dubai rankings behind McIlroy, who had already been crowned as European golf's No.

Persons: — Nicolai Hojgaard, Dane, Tommy Fleetwood, Viktor Hovland, Jon Rahm, Rory McIlroy —, —, Hojgaard, ”, “, ” Hojgaard, Fleetwood, Matt Wallace, Rasmus, Rasmus Hojgaard, Matthieu Pavon, Adrian Meronk, Ryan Fox, Victor Perez, Thorbjørn Olesen, Alexander Bjork, Sami Valimaki, Robert MacIntyre, Pavon, Jorge Campillo, Ryo Hisatsune, Nicolai Hojgaard, McIlroy, Rahm, ___ Organizations: United Arab Emirates, Ryder, Fleetwood, Golf Estates, Dubai Locations: DUBAI, United Arab, Nos, Dubai, Rome, Fleetwood

Wallace hit the ball so purely down the stretch that his final six birdie putts covered a total of 15 feet, 8 inches (nearly 5 meters). Just tried my hardest to get myself back into the tournament," said Wallace, who started the day seven shots behind. Even so, the Norwegian star was in position to capture the season-ending titles on the PGA Tour and the European tour. The European tour record is nine consecutive birdies by James Nitties of Australia in the 2019 Vic Open, and 12 birdies for a round by Raphaël Jacquelin in the 2013 Turkish Open. He had a chance at only the second 59 in European tour history.

Persons: — Matt Wallace, England, ” Wallace, Tommy Fleetwood, Viktor Hovland, Nicolai Hojgaard couldn't, Wallace, “ I'm, I’ve, Hovland, “ It's, ”, Jon Rahm, Rory McIlroy, ” Hovland, James Nitties of, Raphaël Jacquelin, Bernd Wiesberger, “, ” Hojgaard, Dane, Rasmus Hojgaard, Rasmus, ___ Organizations: United Arab Emirates, Golf Estates, Fleetwood, PGA Tour, PGA Locations: DUBAI, United Arab, Norwegian, James Nitties of Australia, Malaysia

☆ Dubai’s Costly Water World
▼ + stars: | 2023-11-18 | by ( Arielle Paul | ) www.nytimes.com time to read: +2 min

At Deep Dive Dubai, the equivalent of six Olympic-size swimming pools of water fills an underwater city shaped like a giant oyster, inspired by the emirate’s pearl-diving heritage. At the foot of the building, the 30-acre Burj Lake and its five dancing fountains use a wastewater reclamation system by Hitachi that reuses the Burj Khalifa’s sewage water to replace fountain water lost each day. The construction of Dubai’s artificial islands also strains the Gulf’s water resources. One study found that the average water temperature around Palm Jumeirah island, designed by HHCP Architects, increased by roughly 13 degrees over 19 years. “Developing close to the water is much more preferred than developing in the desert landscape, and you are increasing the coastline,” Dr. Alawadi said.

Persons: Adrian Smith, Alawadi, Smith Organizations: Dive, Emaar, Hitachi, HHCP Architects Locations: Dive Dubai, Burj, Burj Lake, Persian, Dubai

DUBAI, United Arab Emirates (AP) — Matt Wallace made nine consecutive birdies Saturday, all of them on the back nine for a 12-under 60 in the DP World Tour Championship. Wallace had a chance at the only the second 59 in European tour history. The nine consecutive birdies equal the European tour's best by James Nitties of Australia in the 2019 Vic Open. Wallace also matched the European best — but not an official record — with 12 birdies in one round. The rest of the way, two birdies were from 6 feet and the rest were from 3 feet or closer.

Persons: — Matt Wallace, Wallace, James Nitties of, Bernd Wiesberger, Raphaël Jacquelin, ” Wallace, ___ Organizations: United Arab Emirates, Golf Estates Locations: DUBAI, United Arab, James Nitties of Australia, Malaysia

☆ McIlroy tee shot lands on spectator's lap in Dubai
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

McIlroy playfully pretended to take his next shot off her lap amid laughter before he called for the referee, who himself could not contain a smile as he took in the Northern Irishman's predicament while the woman stood absolutely still. loading"You can pass him the ball," the referee said as the relieved woman quickly picked up the ball and handed it to McIlroy. McIlroy also found the wooden bridge on the 18th, bizarrely the second player to do so after Viktor Hovland's shot on the 17th landed on the rickety structure. Nicolai Hojgaard, Julien Guerrier and Matthieu Pavon shared a three-way lead after they shot 67 for five-under par. Reporting by Rohith Nair in Bengaluru; Editing by Julien PretotOur Standards: The Thomson Reuters Trust Principles.

Persons: Ryder, Marco Simone Golf, Rory McIlroy, Carl Recine, teed, McIlroy, Viktor Hovland's, Nicolai Hojgaard, Julien Guerrier, Matthieu Pavon, Rohith Nair, Julien Pretot Organizations: Country Club, REUTERS, Jumeirah Golf Estates, Thomson Locations: Rome, Italy, Dubai, Bengaluru

☆ McIlroy finishes top of money list without hitting a shot
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

Northern Irishman McIlroy, with 5,164.5 points going into the DP World Tour Championship at Dubai this week, has now finished top of the formerly named European Tour money list five times, first in 2012 and again in 2014, 2015 and last year. McIlroy, who made more than seven million euros ($7.48 million) in prize money in nine tour events this year, is 2,083 points ahead of second-placed Jon Rahm, the Masters champion, with Adrian Meronk third. Poland’s Meronk played in this weekend’s Nedbank Challenge at Sun City where he added 94.5 points after finishing 15th. The tournament in South Africa was won by American Max Homa, who finished four shots ahead of Denmark’s Nicolai HojgaardThe top 50 finishers in the Race to Dubai rankings will compete for a $10-million purse at Jumeirah Golf Estate from Thursday. ($1 = 0.9362 euros)Writing by Mark Gleeson in Cape Town; Editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.

Persons: Rory McIlroy, Brian Snyder, Sun City . Northern Irishman McIlroy, McIlroy, Jon Rahm, Adrian Meronk, Poland’s Meronk, Max Homa, Denmark’s Nicolai Hojgaard, Mark Gleeson, Clare Fallon Organizations: United, Prix, CITY, Sun, Sun City . Northern, Dubai, European, Thomson Locations: United States, Americas, Austin , Texas, U.S, South Africa, Sun City ., Sun City, Dubai, Cape Town

☆ Dubai is hoping to launch a fully operational flying taxi service by 2026
▼ + stars: | 2023-10-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

The city of Dubai hopes to create a flying taxi network by 2026. The network, built by Skyports, would take passengers to major city destinations via compact electric flying vehicles. Other flying taxi services are also looking to launch in major cities across the world. AdvertisementAdvertisementDubai hopes to be the city leading the flying taxi future by completing a fully operational flying taxi network by 2026. Four landing sites are planned to be built near Dubai International Airport, Palm Jumeirah, Dubai Downtown, and Dubai Marina.

Persons: Skyports, — Organizations: Service, Times, United, United Arab Emirates, Dubai International, Palm Jumeirah, Dubai Downtown, Dubai Marina, Joby Aviation, Paris . Airlines Locations: Dubai, United Arab, Palm, New York, Los Angeles, Paris, Delta, United, Skyports

☆ Dubai to start robotaxi trials next month in major autonomous push
▼ + stars: | 2023-09-27 | by ( Aimee Look | ) edition.cnn.com time to read: +3 min

Dubai hopes to become the first Middle Eastern city to introduce driverless taxis, Bahrozyan said. Autonomous taxis currently operate in several cities around the world, mostly in the US and China. Bahroyzyan said he foresees autonomous vehicles eventually making up the majority of the Middle East tourist hub’s taxi fleet. Selling and buying autonomous cars was also regulated. WeRide, a Chinese autonomous car technology company began trialing robotaxis in the UAE’s capital, Abu Dhabi, in 2022.

Persons: Ahmed Bahrozyan, Bahrozyan, ” Bahrozyan, “, Cruise, Bahroyzyan, GM’s Cruise, trialing, WeRide Organizations: UAE CNN —, General Motors, United Arab Emirates, Transport Authority, Cruise, CNN, RTA, ”, WeRide, Saudi Artificial Intelligence Company, Authority Locations: Abu Dhabi, UAE, UAE CNN — Dubai, robotaxis, Jumeirah, Dubai’s Roads, Dubai, Eastern, China, San Francisco, Dubai …, California, ” Dubai, robobuses, WeRide, Mecca

☆ Saudi Arabia and the UAE are battling to become the Middle East's economic superpower
▼ + stars: | 2023-09-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +11 min

Saudi Arabia's crown prince is shaking up his economy in a move escalating its UAE rivalry. In March, Saudi Arabia unveiled Riyadh Air , a new airline serving as an alternative to the UAE's Emirates and Etihad Airways. If you want to do business with Saudi Arabia or Saudi state-owned entities, you've got to base your regional HQ in Saudi Arabia." "Saudi Arabia sees the separation project in Yemen as a way to let the Houthis control the north and therefore have a more-threatening border at the south of Saudi Arabia." Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERSHow far the rivalry between the two nations goes largely depends on Saudi Arabia's actions.

Persons: Saudi Arabia's, Mohammed bin Salman, Sheikh Mohamed bin Zayed Al Nahyan, MBZ, Obama, You've, Kristian Ulrichsen, Rice, Sheikh Mohamed, Prince Mohammed, Sheikh Mohamed —, —, Leon Neal, Shaybah, Ulrichsen, Sheikh Zayed, Sultan Al Nahyan, Abu, Prince Mohammed bin Salman, Neom, Abishur Prakash, Jorg Greuel, Abdullah Alaoudh, Prakash, you've, Saudi Crown Prince Mohammed, Ludovic Marin, Mohammed's, Jamal Khashoggi, Biden, Baker Institute's Ulrichsen, Alaoudh, wouldn't Organizations: United Arab Emirates, UAE, Service, Baker Institute, Saudi, UAE —, Qatar, Dubai, United, Freedom Initiative, UAE's Emirates, Etihad Airways, Saudi Public Investment Fund, Newcastle United FC, English Premier League, Manchester City, Saudi Crown, Getty, Ritz Carlton, Saudi Royal Court, REUTERS, Saudi Aramco, United Nations Locations: Saudi, Wall, Silicon, Saudi Arabia, East, Washington, London, UAE, Persian, Al Ain, British, Qatar, Abu Dhabi, United Arab, Riyadh, Manchester City . Saudi Arabia, New Delhi, Istanbul, Yemen, Iran, Saudi Arabia's, Bandar, Ukraine

☆ UAE crypto scammer sentenced to 8 years in prison for multimillion dollar fraud scheme
▼ + stars: | 2023-07-19 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

A United Arab Emirates resident and Nigerian citizen was sentenced to 8 years in federal prison for orchestrating a multi-million dollar fraud scheme that victimized businesses across the U.S., Illinois federal prosecutors said. Ponle worked with a network of scammers to masquerade as corporate entities using phishing emails. Ponle will forfeit those items, collectively valued at over $1 million, and pay more than $8 million in restitution to victim companies. Ponle was prosecuted despite the lack of an extradition treaty between the UAE and the United States. Federal officials at the DOJ'S Office of International Affairs worked with their UAE counterparties to secure Ponle's rendition.

Persons: Olaekan Jacob Ponle, Ponle, Royce Cullinan, Lamborghini Organizations: Jumeirah, United, United Arab Emirates, Federal Bureau of Investigation, Justice Department, Royce, UAE, Federal, DOJ'S, International Affairs, UAE counterparties Locations: Dubai, United Arab Emirates, United Arab, U.S, , Illinois, UAE, Nigeria, Nigerian, United States

☆ 3 Hilton credit cards are offering whopper welcome bonuses of up to 150,000 points plus a free night at nearly any Hilton hotel, but it's your last chance to apply
▼ + stars: | 2023-07-12 | by ( Joseph Hostetler | Jasmin Baron | Sarah Silbert | ) www.businessinsider.com time to read: +31 min

The Hilton Honors American Express Card, Hilton Honors American Express Surpass® Card , and The Hilton Honors American Express Business Card are offering a higher number of points than usual, plus a Hilton free night award certificate valid at just about any Hilton hotel (worth as much as 150,000 points). Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged directly with hotels and resorts within the Hilton portfolio. Those bonus points worth $650 in travel, based on Insider's valuation of Hilton points as worth 0.5 cents each. Details Rewards Earn 12x Hilton Honors Points at Hilton per dollar for purchases made directly with hotels and resorts in the Hilton portfolio. The best Hilton card for you depends on your spending habits and how often you stay with Hilton.

Persons: Hilton, Conrad, Amex Hilton, Wells, We're, we've, Hilton Cons Organizations: Hilton, Conrad, Waldorf, Read, Service, Hilton Honors, Express, Hilton Honors American, Hilton Honors American Express, American, Honors American Express, Card Citi, Card, Target, Walmart, Citi, U.S, Honors, Chevron, Reading Chevron, Express Card, Honors American, Gold, Business, Diamond, Hilton Business, Jumeirah, eBay, Hilton Honors American Express Business, Honors American Express Business, Hilton Gold, Amex, Global, American Express Locations: Conrad Maldives, Wall, Silicon, U.S, City, Dubai

At the same time, the property price surge and demand for the ultra-high-end segment is stirring memories of old excesses. In 2008, the global financial crisis hit Dubai hard, leading to a flight of capital and people, a crash in property prices and highly leveraged flagship companies known as government-related entities (GREs) struggling to repay debts. Dubai set up a Debt Management Office in 2022, has repaid or restructured some outstanding debt, and announced plans to list government stakes in 10 companies to raise capital and deepen financial markets. 'GLOBAL SAFE HAVEN'The United Arab Emirates' commercial centre, Dubai has shovelled resources into social and business reforms and sectors like digital technology. Average property prices rose 12.8% in Q1, with villa prices up almost 15%, according to property research firm CBRE.

Persons: Knight Frank, Nasser Al Shaikh, GREs, Shaikh, Justin Alexander, Betterhomes, Richard Waind, Philippe Zuber, Beyonce, Rachna Uppal, Yousef Saba, Lisa Barrington, William Maclean Organizations: Reuters, Khalij, GlobalSource Partners, Dubai Media Office, Management, HAVEN, United Arab Emirates, Villa, Dubai Inc, Emirates, Kerzner, Thomson Locations: Ukraine, DUBAI, Dubai, glitzy, Property, Jebel Ali, Abu Dhabi, Gulf, India, Saudi Arabia, UAE

☆ You can rent this private 'party jet' with a dance area, king-size bed and shower for $13,000 an hour
▼ + stars: | 2023-06-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

A Dubai company is offering rich clients a private "party jet" for $13,000 an hour. FIVE Hospitality's Airbus jet has 55 inch TV screens, a "spa-like" shower and smart windows. FIVE's jet offers rich clients an "in-flight entertainment experience" with 55-inch TV screens, a music system, and a dance area. The "spa-like shower." FIVE HospitalityBatra said in the press release that the plane offered an "ultra-luxe, immersive private jet experience like no other."

Persons: you've, TwoTwenty, Aloki Batra, it's, Batra Organizations: FIVE, Airbus, Guardian Locations: Dubai, Madrid, Spain, Switzerland

☆ Dubai ruler announces plan for mothballed second palm-shaped island
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

DUBAI, May 31 (Reuters) - Dubai’s ruler on Wednesday announced a new plan for the Palm Jebel Ali, a man-made palm-shaped island that has been dormant since 2009 following a real estate crash, and is double the size of the functioning Palm Jumeirah. State-owned company Nakheel, which was taken over by the government in 2011 as part of a $16 billion (10 billion pounds) rescue plan in the aftermath of Dubai’s 2009-2010 real estate crash, is the developer of the islands. Nakheel in November secured 17 billion dirhams ($4.63 billion) in financing as it accelerates plans for new waterfront projects including Dubai Islands, another man-made island project formerly known as Deira Islands. The real estate market in Dubai, the Middle East's financial and tourism hub, began its recovery in early 2021 as the government moved to quickly reopen its economy and airports. Reporting by Yousef Saba; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheikh Mohammed bin Rashid Al Maktoum, Yousef Saba, Emelia Sithole Organizations: Wednesday, Thomson Locations: DUBAI, Jebel Ali, UAE, Dubai, Ukraine, Nakheel, Deira

☆ Why an empty sand plot in Dubai sold for a record $34M
▼ + stars: | 2023-05-23 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

The sale – for 125 million dirhams (AED) – marks a whopping 242% gain over his original purchase price of 36.5 million AED, or just under $10 million, in 2021. Jumeirah Bay Island is also home to plenty of sandy beaches and a marina for dozens of yachts, high-end restaurants, a gym and a spa center. Jumeirah Bay Island, on the other hand, is much smaller at just 0.22 square miles, and is considered more exclusive. Current listings show an empty plot for sale on Jumeirah Bay Island for 90 million AED, or about $24.5 million. A three-bedroom, four-bathroom apartment in the Bulgari complex on the island is being offered for 60 million AED, or about $16.3 million.

☆ 3 Hilton credit cards are offering whopper welcome bonuses of up to 150,000 points plus a free night at nearly any Hilton hotel (even the fanciest resorts)
▼ + stars: | 2023-05-11 | by ( Joseph Hostetler | Jasmin Baron | Sarah Silbert | ) www.businessinsider.com time to read: +31 min

☆ 'A massive record-breaker': A plot of sand the size of half a football field just sold for $34 million on a luxury Dubai island
▼ + stars: | 2023-04-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A plot of sand in Dubai half the size of a football field sold for $34 million, per Bloomberg. The 24,500 sq ft plot — about half the size of a football field — is on Jumeirah Bay Island, a man-made island in the shape of a seahorse. Jumeirah Bay Island is man-made, like the World Islands and Palm Jumeirah. GooglePrices on Jumeirah Bay Island are so expensive because there were only 128 plots originally put on offer. By comparison, there are thousands of homes on the tree-shaped Palm Jumeirah island, and 300 in the World Islands archipelago.

☆ Saadiyat: The 'island of happiness' just off Abu Dhabi
▼ + stars: | 2023-04-21 | by ( Chris Dwyer | ) edition.cnn.com time to read: +7 min

Jon Arnold Images Ltd/Alamy Stock PhotoWhile Abu Dhabi itself is home to bombastic contemporary architecture, Saadiyat – an easy 20-minute drive from downtown and Abu Dhabi International Airport – is a natural wonderland, edged by small sand dunes. Elevated boardwalks protect them from beachgoers – part of a conservation project led by Jumeirah at Saadiyat Island Resort and its inhouse marine biologist. Department of Culture and Tourism Abu DhabiOpen year-round, Saadiyat Beach Golf Club is home to a Gary Player signature 18-hole golf course. Luc Castel/Getty ImagesInaugurated in 2017, The Louvre Abu Dhabi is France’s largest cultural project abroad. Louvre Abu Dhabi isn’t the only highbrow place on Saadiyat – behind the dunes there are two world-class educational institutions, too.

Search resuls for: "Jumeirah"

25 mentions found