Dubai Land Department (DLD) confirmed that the lowered service fees for co-owned properties in Dubai’s freehold areas contributed to the attraction of real estate projects by encouraging buyers to invest in the short- and long-term, and those who want to buy residential units to live in. This is due to the regulatory laws for this activity, notably Law No. 27 of 2007 on co-ownership, and the circulars issued by DLD and the Real Estate Regulatory Agency (RERA) that underpinned the importance of service fees. Also, RERA required service management companies in these projects to provide full disclosure of the financial…
Author: Kasun Illankoon
Eagle Hills – an Abu Dhabi-based private real estate investment and development company, has ventured into the Ethiopian market with the launch of La Gare, the dynamic downtown of Addis Abiba boasting one of the largest mixed-use developments in Ethiopia and offering more than 4,000 residences.
Shipwaves Online was recognised as the Logistics Startup of the Year at the first Logistics & Transport Awards 2018. Shipwaves is a digital logistics platform or booking and managing global shipments, with a real-time supply chain visibility solution. The company enables importers and exporters to compare prices instantly and book the service that fits their requirement. Recognised as digital freight forwarders, Shipwaves uses machine learning, artificial intelligence, ERP integration, and API to provide cutting edge solutions to its customers, which include Dabur, LulU, Nesto, and more. Abid Ali, chief advisor, said: “It feels great to win this award. We made this company to bridge the gap and strengthen the collaboration between shippers, logistics industry experts, and technology providers. We are…
Emirates made a clean sweep this week with award wins across multiple countries – from Russia and Belgium to the UAE.
Its participation formed part of its continuous commitment to the development of the marine insurance industry, drawing on the experience of Dubai and the UAE as a leading global center for shipping cargo and export and re-export goods.
JLG Industries, Inc., an Oshkosh Corporation company and a leading global manufacturer of aerial work platforms and telehandlers, is pleased to announce the release of SkyGuard SkyLine™ enhanced control panel protection system as the new standard for boom lifts in Europe, Middle-East, Africa, India and Russia. The new safety innovation is the result of customer feedback stemming from the release of SkyGuard in 2012. SkyGuard SkyLine features a slim wire rope design that is bolted to the left side the platform with an opposing magnetic connection. If the operator contacts the cable, and the magnet detaches, the system stops all…
Over 1000 delegates from over 100 countries convened in Muscat on November 6th till 8th at the Oman Convention & Exhibition Centre to discuss challenges surrounding the transport, mobility and logistics industry. Joachim Drees, CEO of MAN Truck & Bus was alongside 60 speakers including ministers, CEO’s and thought leaders at the inaugural IRU World Congress held in Oman. Mr. Drees spoke alongside leaders such as Steffen Bilger, State Secretary for Ministry of Transport and Digital Infrastructure, Germany and Dr. Ahmed Mohammed Al Futaisi, Minister of Transport and Communications for Oman. “As a manufacturer of trucks and buses, it is…
In a bid to fulfill its promise to the region, Shapoorji Pallonji (SP) International Property Developers (SPIPD) has announced that its iconic residential Imperial Avenue tower is now 40% complete and on schedule for handover by December 2019. The luxury residential project, located in Downtown Dubai, is the company’s flagship project in the UAE. Construction of 28 floors has been completed in less than two years, demonstrating the company’s long-term commitment to the UAE real estate market and to this landmark project valued at over $408 million (AED 1.5 billion). “We are very pleased with the progress of Imperial Avenue and…
KIZAD and Khalifa Port reinforce their positions as the region’s leading industrial zone and port as Quality International, Flexigistic and Samamat of Gerab group set up their presence under new agreements
SirajPower, the UAE’s leading provider of solar roof plants that offers both construction and financing solutions under one umbrella, today announced a strategic partnership with DP World, the global trade enabler. Under this partnership, SirajPower will deliver a first batch of 15 MW to DP World’s facilities in Dubai located at Jebel Ali Free Zone (Jafza) and National Industries Park, with a 22-year lease agreement to help the company save its energy consumption / financially. DP World is already at the forefront of renewable energy innovation and this is a key pillar for its global vision. Over the summer, the…