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October 29, 2018

Dubai Statistics Center: Dubai’s resident population crosses 3.1 million while active daytime population reaches almost 4.3 million

Dubai Statistics Center (DSC) revealed that Dubai’s resident population grew by 232,400 to reach 3,136,400 at the end of the third quarter of 2018, a growth of 7.7% from the third quarter of 2017.

HE Arif Al Mehairi, DSC Executive Director, said: “The rise in population reflects Dubai’s growth as a dynamic economic and tourism hub. The population of non-resident workers and temporary residents in Dubai is currently 1,155,000, while the total active daytime population of the emirate is 4,291,400. As much as 37% of Dubai’s active daytime population comes from outside the emirate.”

“DSC adopts international standards and methodologies to monitor Dubai’s rapidly changing [...]

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October 23, 2018

Mohammed bin Rashid tours exhibition of UN World Data Forum

Vice President and Prime Minister of the UAE, Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum said that building the future is not merely an improvisational decision but a strategic plan based on knowledge and clear goals. His Highness also said that decisions related to the future of human being and humanity should be based on a comprehensive understanding of what is really needed in order to be able to set the future directions to build opportunities that support development of human communities.

“The Challenges facing the world are many, and opportunities for achieving a comprehensive sustainable development are huge, mainly amid the big data revolution [...]

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September 26, 2018

Dubai Future Foundation and Haykal media award 10 “Innovators Under 35” from the MENA region

Dubai Future Foundation and Haykal Media invited the 10 finalists for the Innovators Under 35 program, to pitch their innovative ideas to over 500 participants at the EmTech MENA conference held in Dubai.

Dubai is quickly growing into a regional and global address for youth and innovation, with a strong focus on sectors that affect the future of humanity. EmTech MENA and “IU35” are both aligned with the vision of Dubai in supporting and collaborating with regional and global partners in propelling into the future through ideation, innovation and inspiration.

The global program, first inaugurated in 1999 by MIT Technology Review, the leading publication for technology, [...]

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September 10, 2018

Dubai Startup Hub networking series to showcase startup success stories

Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, in cooperation with Area 2071, is set to launch a 10-week networking series on September 12th 2018 which will bring together stakeholders from the Dubai startup ecosystem and feature inspirational talks by renowned speakers, business leaders and industry experts.

Networking events will be held weekly at Area 2071 at Dubai’s Emirates Towers and run until November 14th 2018. The series is designed to highlight success stories and topics of interest to startups and entrepreneurs in Dubai.

An initiative of Dubai Future Foundation, Area 2071 is a physical manifestation of the UAE Centennial Plan [...]

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August 16, 2018

Emaar Revenue increases by 46% to AED 11.474 billion (US$ 3.124 billion) and net profit increases by 18% in first half of 2018

Emaar Properties recorded revenue for the first half of 2018 of AED 11,474 billion (US$ 3.124 billion), 46 per 0cent higher than HI 2017 revenue of AED 7.866 billion (US$ 2.142 billion), led by strong construction progress and growth in malls business.

Emaar’s net profit grew by 18 per cent to AED 3.344 billion (US$ 910 million), prior to considering the effect of the IPO of Emaar Development, compared to the net profit of AED 2,837 billion (US$ 772 million) during the same period in 2017. The net profit for the first half of 2018 after considering impact of Emaar Development IPO in 2017 is AED 2.981 billion (US$ 812 million), an increase of 5 per cent over same period [...]

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August 16, 2018

Nakheel reports H1 2018 net profit of AED2.51 billion

Nakheel today announced a net profit of AED2.51 billion for the first six months of 2018. The profit for the same period in 2017 was AED2.61 billion.

Nakheel handed over 451 units to customers in the first six months of the year. The company’s non-development businesses – retail, leasing, hospitality and asset management – all performed strongly. Annual revenues from these sectors is now AED2.6 billion – three times as much as in 2010 – and currently accounts for 38 per cent of the company’s total revenue.  Revenue from these sectors will continue to grow with the completion of retail and hospitality projects such as The Pointe, due to open this year, and The Night Market, [...]

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August 6, 2018

Nakheel invests AED15 million in new marinas at Dubai’s Palm Jumeirah

Master developer Nakheel is investing AED15 million to increase boat mooring capacity on Palm Jumeirah, with two new marinas that will bring the total berths on the island to 600.

New marinas are on the way at Nakheel’s Azure Residences waterfront apartment and restaurant complex on the island’s eastern trunk, and at The Pointe, Nakheel Malls’ upcoming seafront dining and shopping destination.

Nakheel has appointed Majestic Marine Engineering LLC to build the new facilities, with Applied Technology & Management, Inc. (ATM) the appointed consultants.

Due for completion this year, the marinas will accommodate a total of 44 boats and yachts up to 30 metres long, [...]

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August 1, 2018

Dubai maintains sustained tourism volumes with record overnight visitors in first half of 2018

Dubai welcomed a record 8.10 million international overnight tourists during the first six months of 2018, representing a consistent increase on the same period last year. Figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) have confirmed the continued success of the emirate’s tourism sector, which at the end of 2017 was worth AED109 billion a year.  A destination of choice for a number of global markets, Dubai is on track for projected growth into the second half of 2018.

Top source markets continued to witness stable year-on-year performances in the first half of 2018, with India, KSA and the UK retaining their top three positions when [...]

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