Burj Khalifa

Looking back on Dubai’s dazzling Modest Fashion Week

Dubai - Muslimchronicle

Held in Burj Park, alongside the glittering lights of the Burj Khalifa, Dubai’s first Modest Fashion Week was a showstopper. For two days, on Dec. 8 and 9, modest fashion designers, influencers and enthusiasts participated in more than 40 fashion shows, 50 pop up stores, talks with more than 100 influences and fashion and art exhibitions from 20 countries. TheRead more

Dubai property giant Emaar profits

Dubai - Muslimchronicle

Dubai construction giant Emaar Properties posted a sharp rise in third quarter profits Sunday as residential sales in the glitzy emirate gathered steam. Dubai has started recovering from a three year downturn after a 2014 oil price crash slammed the Gulf economies which underpin its real estate sector. But on Sunday Emaar, which owns the world's tallest tower, Burj Khalifa,Read more

Rising Dubai property sales boost Emaar's H1 profits

Dubai - AFP

Dubai developer Emaar Properties on Monday announced 15 percent profit growth to $772 million in the first half of 2017, with property sales in the emirate up 22 percent. Property sales in Dubai reached 10.814 billion dirhams ($2.94 billion, 2.5 billion euros) in the first six months, up 22 percent on January to June last year. Revenues of the realtyRead more

Blaze sweeps through Dubai’s Torch Tower for second time

Dubai - Muslimchronicle

A fire ripped through one of the world’s tallest residential towers – popularly known as The Torch tower – in Dubai on Friday. Flames shot up the sides of the tower in the second blaze to hit the high-rise since 2015, forcing hundreds of occupants to flee as burning debris showered down the sides of the 337 meter-tall, 79-storey structure.Read more

Dubai developers ramp up sales as Amlak completes part of debut project

London - Muslimchronicle

Amlak Finance has completed the first phase of its new housing project in Dubai as developers ramp up off-plan sales. The development in the Mirdiff suburb represents the first time Amlak has developed a fully owned property and comes as developers in the emirate release more off-plan units despite a subdued market for finished properties. The 135-million-dirham Amlak project consistsRead more

Dubai apartment prices increase in the second quarter

Dubai - Muslimchronicle

Two thirds of Dubai apartments saw quarterly increases in prices while villas registered the most declines during the second quarter, consultancy ValuStrat said. ValuStrat said that since reporting early indications of a recovery 15 months ago, the prices for the following locations have appreciated: International City (13.2 percent); Downtown Dubai excluding Burj Khalifa (9.8 percent); Motor City (12.3 percent) andRead more

Think beyond switching off lights for an hour

Dubai - Arab today

If you can switch off your lights for Earth Hour, then you can also tweak your lifestyle and choose more sustainable options to tackle climate change. This is the message that Dubai Electricity and Water Authority and Emirates Wildlife Society (EWS-WWF) seek to spread ahead of Earth Hour on Saturday. Dubai marks Earth Hour for the 1oth consecutive year betweenRead more

This year’s winter in the UAE was definitely a photo-worthy one

Dubai - Arab today

This year’s winter in the UAE was definitely a photo-worthy one, as the country witnessed everything from snow and rain to heavy fog and lightning storms. One avid photographer took the time to capture Dubai in all its winter glory, and recorded a three-minute time-lapse video of the city’s towering skyscrapers The video, which was posted on You Tube onRead more

Burj Khalifa apartments lose a quarter of their value in 12 months

Dubai - Arab Today

Sale prices and rental costs for the most expensive homes in Dubai were significantly lower in the first three months of this year compared with 2016 as companies hired top-level staff at a slower rate. Prices for apartments in Dubai’s Burj Khalifa have dropped by about a quarter on the secondary market over the past 12 months, highlighting the weakeningRead more