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    Nakheel reveals progress on $182m Dubai beachfront resort

    Master developer Nakheel and Spain’s RIU Hotels & Resorts’ AED670 million ($182 million) 800-room beachfront resort and water park is taking shape at Deira Islands, with all accommodation floors almost complete and roofing work under way.

    Façade and installation work at the nine-storey property – the first international hospitality joint venture for Nakheel and the first all-inclusive 4-star family beach resort in Dubai – will begin early next year, Nakheel"...

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    Seventh taxi firm begins operations in DubaiDecember 13, 2018

    Dubai’s seventh taxi franchise – and its first Chinese taxi firm – began operations on Wednesday, bringing an additional 100 taxis to the emirate’s fleet of cabs.

    The firm, Oneroad Taxi, plans to expand its fleet to at least 2,000 vehicles by 2020, including limousines, ladies and special needs taxis.

    “The cooperation between the UAE and China is improving and Dubai has a big and growing market with opportunities to invest,” Oneroad’s general manager is quoted as saying in Gulf News. “We would like to add value to the taxi"...

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    Dubai-based designer Asmaraia launches eco-friendly, feline-inspired pre-autumn 2019 fashion collectionDecember 13, 2018

    Dubai and Moscow-based fashion label Asmaraia has launched a new 15-piece, feline-inspired pre-fall 2019 collection called Nocturnal Animals.

    The line celebrates modesty, sustainability and environmentally friendly fashion, using organic cotton and recycled polyester while supporting a fair-trade supply chain.

    The rising brand is in good company in its campaign for cruelty-free fashion – it joins the likes of Chanel,Jean Paul Gautierand Burberry and in its ban on using fur in collections.


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    Flydubai announces new fare structure for economy class

    Flydubai has launched new fare types offering passengers more choice when travelling in economy class.

    The new fare types are applicable for all bookings made from December 2 onwards, allowing passengers to choose between Lite, Value and Flex bundles designed to cater to their different travel and budgetary needs.

    Passengers travelling in Business continue to benefit from great value for money with the existing business class fares that include a generous checked-in baggage allowance, meal options from an internationally inspired menu, complimentary in-flight entertainment"...

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    Rawda residences in Town Square 43% complete

    Engineering Contracting Company (ECC) has achieved significant progress in the construction of Rawda and UNA, two residential communities launched by Nshama in Town Square Dubai.

    ECC commenced work on Rawda residences in February 2018 and is currently 43 per cent complete, heading towards an early completion in 2020.

    ECC will complete the Rawda project, currently 3.2 per cent ahead of schedule, timely and within budget due to the implementation of Building Information Modelling (BIM) technology. BIM helps to plan, design, build, construct and manage building and infrastructure virtually.

    The involvement of ECC Group's associated companies - Abanos and PMI - enabled greater collaboration"...

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    DAE signs US$535 million unsecured revolving credit facility

    DUBAI, 12th December, 2018 (WAM) -- Dubai Aerospace Enterprise, DAE, today announced that it has signed a new four-year unsecured revolving credit facility arranged by Emirates NBD as sole Mandated Lead Arranger and Bookrunner.

    The initial commitment of US$535 million is from a group of eight regional banks. The accordion feature allows the facility to be increased to up to US$600 million at any time after the initial closing. The facility will support the future financing needs of the business.

    Commenting on the announcement, Firoz Tarapore, Chief Executive Officer of DAE,"...

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    Tallest tower unveiled at MBR City - District One

    Mohammed bin Rashid Al Maktoum City - District One, part of the master development Meydan, has launched the tallest tower in its D1 Residences.

    The 16-storey tower was launched alongside one-, two- and three-bedroom show apartments.

    It is the tallest tower of D1 Residences and comprises one-, two- and three-bedroom waterfront apartments catering to various family sizes. These homes feature ceiling-to-floor windows and offer a panoramic view of the green surroundings and the world's largest man-made 7km Crystal Lagoon.


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