HH Sheikh Hamdan visits Falconcity of Wonders stand at Cityscape Global 2018

FCW’s recently launched Eastern Residences villa project takes centre stage at the exhibition

Dubai, October 2, 2018:HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, visited today (Tuesday, October 2, 2018) the stand of Falconcity of Wonders LLC (FCW), the developer of the ongoing Falconcity of Wonders multipurpose mega project in Dubai, during its participation at Cityscape Global 2018 exhibition running from October 2 to 4, at the Dubai World Trade Centre. His Highness lauded FCW’s efforts in sustaining global interest in Dubai’s real estate landscape through its unique ‘World in a City’ project. HH Sheikh Hamdan was briefed on the latest updates on the project during the visit.

The major highlight of FCW’s participation at this year’s edition of Cityscape Global is undoubtedly the Eastern Residences, a meticulously-planned gated community that houses contemporary, elegant, 5 and 6 master-bedroom villas with exquisite high-end finishing that are ideal for families of any size. Visitors to the FCW stand at the event are also taking advantage of the special offers, which include 0 DLD fees, 0 services charges for 5 years and flexible payment plans. Scheduled for delivery in September 2021, the villas come with a guarantee of AED 150,000 that will be paid to buyers annually in case of delay (terms & conditions apply).

H.E. Salem Almoosa, Chairman and General Manager, Falconcity of Wonders LLC, said: “Cityscape Global 2018 is the perfect platform for us to showcase the most recent addition to the Falconcity of Wonders, the recently launched Eastern Residences project. We conceived this project after considering various actual living scenarios of families that will reside in these units and the value proposition is reflected in all aspects. These villas reflect engineering excellence and thus offer a superior value proposition. Our confidence in the success of the project is further underscored by the highly positive response it continues to garner at CityscapeGlobal 2018.”

Featuring a built-up area of 3,208 sq ft to 4,581 sq ft, the unique features of Eastern Residences include villas with large plot sizes; wide 3-car shaded parking; and easy access to the already completed Falconcity Community Centre, among many others.

FCW is located at Stand No S3F10 at Sheikh Saeed Hall 2 at the Dubai World Trade Centre, attended by officers exclusively catering to clients and prospective buyers at the event.

How Ramadan helps in building a strong bond in a community

 

When we think of Ramadan, what pops into our mind or visit our thoughts are spirituality, and most importantly this is the time of giving, particularly to charities and organisations that support and aid poor down and out and homeless people. Not only is this Holy month of Ramadan considered as the month of helping the poor but also to revive friendships, build community bonds and receive gifts and wishes from your loved ones.

On that beautiful note, a few days before, I was invited to my friend’s house for an iftar get-together and after meeting her and partaking in their tradition, I realised the significance of Ramadan and how this holy month transforms individuals and its community into a sacred one…

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Top 10 insights on why it is important to buy a home in Dubai?

By Anitha Lakshminarayanan

Why should you buy a home in Dubai, and before I begin to elucidate the top insights about the market, it reminds me of a small story, Last week my friend Sheba and I were sitting on my balcony and chatting. Sheba was winding up and going back to India and she felt that she could’ve bought a home here that could give her rental returns even if she got back to her heritage, and wanted to live there. Sheba’s story stimulated me too and I was wondering whether to buy a home in Dubai and here a few facts to ponder over:

• First of all, Dubai is a city that has sound infrastructure along with topmost luxury and comfort and is one of the fastest growing cities in the MENA region. With Non-oil GDP growth of 3.3% in 2017, Hydrocarbon GDP growth of 2.9%  http://www.worldbank.org/en/country/gcc/publication/united-arab-emirates-economic-outlook-october-2017
• In terms of population, especially the growth of Dubai urban area is of 3.65% as per https://www.globalmediainsight.com/blog/uae-population-statistics/
• Expected population growth in UAE is of 1.5% in 2018: http://worldpopulationreview.com/world-cities/dubai-population/
• Despite its developing economy, there have been mixed reviews of the real estate market and the recent plummeting of real estate prices not only in Dubai but the world over. Even so, one can expect the prices in Dubai to go up as it has bottomed out after correcting itself for the past 2 years.
• Not only that even the most expensive real estate markets are being impacted by the economic climate change whereas Dubai yields are about 5-10% and if you wait long term, you will benefit from the rental income tremendously.

It’s a buyer’s market

• Although it’s a buyer’s market right now, the rental market is very competitive. In spite of the fact that it is saturated with supply and new projects to be handed over. The current regulations help in controlling the supply further.
• Most of the realtors feel that it is encouraging to see heavy transactions in Q4 2017 and that is a good sign so far.
• For that matter, any property investment is long term and if you wait for a long-term, you are definitely going to yield returns and the best returns are in Dubai Silicon Oasis, Dubai International City, Dubai Sports City, Dubai Investment Park and Al Furjan

Renter’s market

• Since it’s a renters market, it is also ideal to invest in prime locations now such as Jumeirah Lake Towers, Dubai Marina, and Jumeirah Beach Residence

 Dubai land prices up by 2.7 %

• The prices are reasonable, especially in Dubai land where the apartment prices are actually up by 2.7 % from a year ago, In addition to Dubailand, Dubai Sports city continues to do well too as several projects are getting completed there.

So Dubai market is all about yield and capital returns whereas in other markets, Hong Kong, London, New York, it’s all about capital appreciation. If you look at net yields in Dubai, you can get 5-10%, implying a payback period of 10-20 years.

If you would like to place banner ads on this blog, PR copywriting for your real estate business or blog posts and articles and copywriting help such as direct mail, Radio Ads, then please contact Anitha Lakshminarayanan a freelance journalist cum writer at 050-1845628 or 050-4627856

 

World Green Economy Summit 2018 to kick off in October amid growing adoption of new technologies

The fifth edition to focus on green capital, digital transformation & leadership and social engagement

 Dubai, UAE, 21 May 2018: The annual World Green Economy Summit (WGES 2018) will be organised in Dubai to tackle global issues and important strategies, including the digital age and its impact on building a ‘green’ and sustainable future growth across industries. This was announced today by the organising committee of the fifth World Green Economy Summit ‘WGES 2018’.

WGES is set to take place from October 24th to 25th under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The summit is organised by Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organisation (WGEO) in collaboration with international partners under the theme ‘Driving Innovation, Leading Change’.

WGES 2018 will focus on three main pillars, green capital, digital transformation, and leadership and social engagement. The event will gather financial executives, investment professionals, and thought leaders to discuss ways to increase green capital flows into regional and global environment-friendly projects and how to de-risk those investments.

WGES 2018 will also focus on developing the digital economy and integrating it with the green economy. The summit will discuss the latest smart technologies and digital breakthroughs that promise to accelerate green growth and sustainable development.

On leadership and social engagement, the event will examine the ongoing shift to a green economy – a phenomenon that many fears may lead to human insecurity and inequalities, job losses, and social deficits. Participating leaders and supporters of green innovation initiatives are expected to exchange knowledge and best practices to address the economic and social impact of these programmes.

“Holding WGES 2018 comes in line with the far-sighted vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to enhance sustainable development in the UAE as well as reinforcing Dubai’s position as a global capital of green economy. The summit also forms a vital aspect of the UAE Centennial 2071 for the UAE to become the best country in the world in 2071;the UAE Vision 2021; the Dubai Plan 2021 and our continuous efforts to achieve the goals of Dubai Clean Energy Strategy 2050 that aims to provide 7 per cent of Dubai’s energy from clean energy sources by 2020, 25 per cent by 2030 and 75 per cent by 2050, not to mention the UAE Strategy for the Fourth Industrial Revolution that aims to achieve a competitive national economy based on knowledge, innovation and futuristic applications by integrating physical, digital and vital technologies,” said HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy in Dubai, Managing Director and CEO of DEWA, and Chairman of WGES.

“New and advanced technologies are the key to a successful and genuine digital transformation and green economic growth. It is important therefore that all of us in the green economy to formulate major policies and frameworks encouraging relevant technological developments that will benefit society as a whole. Focusing on three main pillars, DEWA and WGEO are organising WGES 2018 to strengthen Dubai’s leading position as a global model for clean energy and green economy by using the disruptive technologies of the 4th industrial revolution, such as Artificial Intelligence (AI), UAVs, energy storage, blockchain, the Internet of Things and many more,” added Al Tayer.

Abdul Rahim Sultan, Director of WGEO, added: “The Summit will be crucial to promoting the widespread acceptance and increased importance of the green economy in the context of sustainable development. We are confident that the inputs from this year’s WGES will contribute to promote implementation of green economy policies at all levels, in a manner that endeavours to drive sustained, inclusive and equitable economic growth through providing us an interactive platform where we can share relevant best industry practices and latest innovations.”

The UAE is the first in the Arab world and the region as per the index of realising global green economy and it is at the forefront of the green transformation and renewable energy. In this regard, Dubai has launched Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world based on the Independent Power Producer model. Supporting the Dubai Clean Energy Strategy 2050, this ambitious project aims to transform Dubai into an international hub for clean and renewable energy.

New Classifieds Portal – Alawooz.com – Launched with Initial Investment of AED 50 Million

• Community marketplace owned by Dubai-based Quick Manage offers free service with value-added services including  extended  customer engagement tools

• Provides support to users through social media platforms

 Dubai, May 12, 2018: Anew online startup classifieds portal – alawooz.com– launched with an initial investment of AED 50 million today said: “it will endeavour to grow its footprints in the UAE by offering value-added services, including extended customer engagement and support tools”.

Spokespeople of Alawooz, owned by the Dubai-based Quick Manage said “the portal offers its services free of charge across a wide range of buy and sell categories from used cars to Property and household items. It also has dedicated sections for local events, announcements, services and activities”.

“Our initial focus is to grow our presence in the UAE and later expand to cover the wider Gulf and the Middle East in the second phase,” said Mr. Ibrahim Mohammed, General Manager, alawooz.com

He said the idea behind alawooz.com is to bridge the trust deficit in the online marketplace by engaging its users through a variety of quick-response and interactive tools.

“In the short span of time since the soft launch of Alawooz, we have been able to attract thousands of users who have ben accessing the portal regularly to buy and sell as well as to scout around for best deals,” he said.

Beyond commerce, Alawooz is also developing itself into an online community destination where users have an opportunity to connect with each other to share information on in-country activities across a range of topics. These include information on dance classes, tuition centers for children, modeling opportunities, or even to promote events by seeking to find an audience from among the Alawooz community.

“We believe that what is needed to make an online community more vibrant is through developing alawooz.com into a user-friendly platform for small businesses and individuals. Creating a portal which allows socializing to the extent of providing an opportunity to foster new friends is also on the Alawooz agenda,” said Ms.Renu Dhankhar, Marketing Manager.

Currently, Alawooz offers its users free ad placements & registration, live chat support etc… through its friendly interface. Apart from this, the portal also allows users to promote their ads on its social media pages across Facebook, Instagram and Twitter.

Ms.Renu said the Alawooz brand has big plans to serve millions of users in the UAE and the aim is to be No.1 choice for online classifieds with the help of cutting-edge and innovative technology and value added services such as free shipping of products, SMS alerts, missed call service, 24/7 online chat support and customer care through instant and secure payment gateways.

Comment of Mr. Ivano Iannelli, CEO of Dubai Carbon Centre of Excellence (DCCE) following Earth Day Celebrations in the UAE

“The United Arab Emirates (UAE) has always been at the forefront to educate citizens across the country to practice and support sustainable initiatives, and the Earth Day activities this year were a testament of the country’s commitment to its efforts.

It was inspiring to witness the contributions made by the public and private sector on this important occasion, and some of the contributions can also be termed as best practices, which will serve as a benchmark for countries around the world.

The launch of sustainable initiatives, contributions and several other activities indicate the UAE’s determination to live life in better harmony with nature. This is not only commendable but also evidence of the future-focused vision of the UAE’s leadership to improve the community’s awareness that will safeguard the environment and educate the public.

Once again, the UAE has shown the power of collaboration, with the private and public sector working together to adopt sustainable and lasting solutions to address the challenges of tomorrow. It is indeed inspiring to see the collective efforts of the UAE come together to help reduce the impact of climate change.

As we all know, Earth Day is a global celebration of solidarity for the planet, and given the fragile state of our planet I’d say, we make every day Earth Day. From here on out, we need to shake off the apathy and embrace sustainable habits that help reduce waste and make the Earth greener. Let us all strive to create awareness and implement actions which will not only reduce the negative impact on the environment, but also underline the important role community members can play to reduce carbon footprint and conserve energy.

Just like small drops make an ocean, small individual efforts when taken together can create a huge impact for the planet. So, let’s all pledge to continue our sustainable efforts and make the Earth a cleaner and greener place.

Zulekha Hospital cordially invites you to attend the announcement of the World Labor Day initiative conducted by Sharjah Health Authority.

 As a member of the initiative, Zulekha Hospital will provide quality medical treatments at discounted rates to the Authority’s beneficiaries. This includes Sharjah Government employees, their dependents and retirees covered under insurance, elderly residents in the Emirate of Sharjah not holding insurance coverage and additionally UAE nationals based in the Emirate of Sharjah.

 The event will be attended by senior officials from Sharjah Police Headquarters, Sharjah Health Authority, Sharjah Municipality,  Bee’ah, Sharjah Electricity & Water Authority

 Date: Monday, 23rd April ‘18

  Timing: 10.00 am to 11.00 am

                         Venue: The Chamber of Commerce, Sharjah

Sooma delivers Al Fouad in Al Furjan

Ready apartment building Al Fouad, located in Dubai’s Al Furjan community, offers unique urban living experience with family-friendly amenities

Sooma Real Estate Developer LLC, a Dubai-based real estate company, announced the completion of Al Fouad, one of the first ready residential buildings located in Al Furjan, a 560-hectare master development from Nakheel. The developer’s focus was to ensure timely delivery of Al Fouad along with the display of high-quality fixtures and finishes of their flagship project. The official public launch took place earlier this month and so far, 51 percent of the apartments are sold out. Attractively priced and strategically located between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road, adjacent to the Discovery Gardens community, the property houses studios, one, two and three bedroom units.

Fueled by the growth in the economy, combined with the emergence of more affordable housing options, the UAE’s property market is starting to gain momentum once again, with a focus on community-based living spaces. According to the Dubai Land Department (DLD) 69,000 real estate transactions in Dubai accounted for approximately AED 285 billion transaction value.

The completed and ready to move in Al Fouad development houses 105 apartments all with DEWA connection in place. The building boasts two retail units on the ground floor, a rooftop swimming pool and gym, and underground/over ground shaded parking. Buyers are given a choice of closed or open kitchens, and all apartments come with balconies offering villa community and Dubai Marina views. Prices start from AED 850 per sqft and the Dubai Islamic Bank is providing mortgages to buyers.

Omar Hafez, CEO of Sooma Real Estate Developer LLC, said: “The completion of our first residential project in one of ‘New Dubai’ popular locations address the emirate’s rising demand for family-friendly and affordable communities. With forecasts hinting at a rise in the number of first-time home owners in Al Furjan, thanks to enticing returns, attractive prices, post-completion payment plans, and proximity to the upcoming Dubai Metro station, we aim to set a new standard of living with our unique development. As a ready property, Al Fouad apartments bring investors immediate returns.”

Engel & Völkers, exclusive sales partner of Sooma, have announced an attractive payment plan for the prospective buyers, which gives them a chance to pay 30 per cent of the purchase price after moving into the property. The company also provides around the clock assistance including renting the property to the right tenant. Show apartments are now ready for daily viewings.

Al Furjan, one of Nakheel’s most popular and fastest-growing communities, is currently home to more than 5,000 people–with a projected population of over 65,000 when completed. The mixed-use community blends unique urban living experiences with a wide range of amenities, including parks, landscaped walkways and kids’ play areas, schools, medical facilities, mosques and retail and community facilities. Al Furjan is home to its very own retail unit, Pavilion, with a second under construction, as well as the recently-opened Al Furjan Club, which is a new dining and leisure complex with restaurants, pool, gym and sports courts.

Al Fouad is just a 15-minute car drive away from Ibn Battuta Mall, 15 minutes away from Dubai Marina, 18 minutes from Al Maktoum International Airport and 30 minutes from Downtown Dubai. The extension of the Dubai Metro network to connect the Expo 2020 site will make Al Furjan accessible by metro, further enhancing the connectivity. Besides Al Fouad, Sooma Real Estate Development has many new projects in the pipeline in the same area.

DSI announces the appointment of Group Chief Executive Officer

 [Dubai, UAE – March 29 2018] – The Board of Directors of Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, announced the appointment of Dr Fadi Feghali as the Group Chief Executive Officer, with effect from 1^st of April 2018. Dr Fadi currently manages DSI’s international business units since joining the company in October 2017, and he will be overseeing all aspects of strategy and business implementation for the global DSI Group of companies in his new role.

Dr Fadi is widely renowned as an EPC industry veteran in the region and currently manages DSI’s global subsidiaries and operations. Dr Fadi previously served as the Managing Director of Al Husam Group.  He holds a Bachelors and Masters in Civil Engineering from the Free University of Brussels, as well as a PhD in Civil Engineering from Heriot-Watt University, UK. Dr Fadi has over 30 years of experience in the management and development of multinational companies and mega projects, with expertise in environmental engineering across a broad spectrum of different sectors ranging from energy, utility, infrastructure to oil & gas.

Commenting on the appointment, Engr. Abdulla Atatreh, Chairman of DSI PJSC stated: “We are pleased to have Dr Fadi Feghali as the Group Chief Executive Officer for DSI. He is an esteemed expert in the EPC sector and has a stellar track record of leading the operations for complex and large-scale engineering projects in the region.

 We believe that our comprehensive organizational overhaul and structural reforms have reached a significant milestone with the appointment of Dr Fadi Feghali, who worked closely with the Board of Directors and the new management team that was appointed in October 2017 and played an important role in our rigorous assessment of DSI’s global businesses and their challenges.

 His performance driven vision, global experience, and business acumen will prove vital for DSI and we are confident that under his leadership, the company will tap into its vast potential of historic legacy and regional presence and leverage them to create a sustainable pipeline of growth-oriented outcomes.”

 Dr. Fadi said: “I thank DSI’s Board of Directors and the global management team for entrusting me with the honor of leading the DSI Group as the Group CEO.  DSI PJSC is a dynamic organization with a rich history that spans more than 135 years across Europe, MENA, and Asia, with an unmatched legacy of values, excellence, innovation, and a work ethic that remains second to none. In our five decades in the region, we have constantly evolved to meet the demands of an ever-changing business environment.  I am enthusiastic about the opportunities to build upon our base of engineering skills, global experience, and the region’s most talented and motivated workforce, as we aim to deliver improved results and generate value for our investors and partners.”

Falconcity of Wonders fosters knowledge exchange in first Arab Land Conference as key to addressing sustainable land use

Developer supports pioneering regional platform as Platinum Sponsor

 February 26, 2018

As part of its commitment to sustainable land use development in the Arab region, Falconcity of Wonders LLC, the developer of the Falconcity of Wonders (FCW) multipurpose mega project currently being built in Dubai, has provided support as the Platinum Sponsor, for the Arab Land Conference, being held for the first time under the patronage of the Dubai Government and the Arab League. The event is serving as a strategic platform for discussing the latest research and innovation in land governance and other regional experiences in partnership with the World Bank, Global Land Tool Network, UN-Habitat, and the Arab Union of Surveyors.

The conference saw the participation of ministers and other top-level government officials across the region, land experts, the academe, businesses, international organizations, aid agencies and civil society representatives.

H.E. Salem Ahmad Almoosa, Chairman and General Manager of Falconcity of Wonders LLC, was also presented with an award in appreciation of the strategic role as Platinum Sponsor of the first Arab Land Conference.

Commenting on the conference, H.E. Salem Ahmad Almoosa, Chairman and General Manager of Falconcity of Wonders LLC, said: “Dubai’s hosting of the first Arab Land Conference is a landmark event and a timely initiative which highlighted the trends in land use and regulations in the region. Falconcity of Wonders fully supports such activities and we are positive that our participation helped in facilitating the exchange of knowledge among stakeholders and further contribute towards meeting the UN’s Sustainable Development Goals. We find it a valuable endeavour to support such events that contribute to social and economic development, particularly in real estate development in the Arab region. We are thankful for this opportunity and we remain supportive of such activities in every feasible way.”