Category Archives: Dubai Events

Drake & Scull’s new Board of Directors elects Abdulla Atatreh as Group Chairman & Ahmed Saeed Al Hamiri as Vice Chairman  

UAE, September 13, 2017 – Drake & Scull International PJSC, a regional market leader in engineering and construction services, has announced that its newly-elected Board Members have convened for the first time. The Board ratified a series of procedural decisions necessary for the company to conduct business as required and chose new committee members from among its ranks. The second General Assembly Meeting convened earlier on the 9th of September 2017 and ratified the appointment of the new Board Members and elected additional Members to fill the vacancies resulting from the resignation of the former Board Members.

During today’s meeting, the Board elected Abdulla Atatreh as the new Chairman; Independent Member Ahmed Saeed Al Hamiri as Vice Chairman; and Abdulla Fareed Algurg as new Board Member. Algurg replaces the vacant seat of Majid Al Ghurair who resigned during the recent General Assembly Meeting held on the 9th of September 2017. At the executive level, Board Member Mohammed Atatreh was appointed as DSI’s new Managing Director. Members of DSI’s Audit, Nomination, Remuneration, and Investment Committees and the Secretary of the Board of Directors have been appointed as well.

During its inaugural meeting, the Board emphasized the completion of DSI’s capital restructuring program as a top priority to boost liquidity and stabilize the business. It also concurred on establishing a clear strategy for recovery and growth that will capitalize on the Group’s healthy project pipeline, industry stature, and the bullish industry outlook for the region.

Abdulla Atatreh, Chairman, Drake & Scull International PJSC, said: “The first official act of the new Board of Directors is to position the Company for new growth by establishing and following strict governance standards across all operating sectors to ensure consistent transparency, control, and quality. We have also strategically appointed people that embody our vision of renewed growth for DSI. We want to adopt the right corporate mindset to ensure the swift and efficient completion of the Group’s turnaround strategy, which is currently in the final stages of the capital restructuring phase. We assure our partners, customers and all our other stakeholders that we will steer the DSI towards new and exciting opportunities to advance the Group’s industry leadership.”

The Board’s immediate goals include further organizational restructuring to achieve higher levels of efficiency, synergy, and resilience. It is currently planning additional executive appointments to support DSI’s comprehensive turnaround strategy.

 

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H.H. Sheikh Mohammed Bin Rashid Al Maktoum visits Falconcity of Wonders stand at Cityscape Global 2017  

 

Image (7).jpgSeptember 12, 2017 – H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the stand of Falconcity of Wonders LLC (FCW), the leading property developer in Dubai on Tuesday, 12 September 2017 during Cityscape Global 2017 exhibition running from September 11 to 13, 2017 at the Dubai World Trade Centre. His Highness commended FCW for its vital role in sustaining global interest in Dubai’s real estate landscape through its unique ‘World in a City’ project.

The 16th edition of the world’s largest and most influential real estate investment and development event for the emerging markets provided an exceptional platform for FCW to showcase its iconic 41-million-square-foot featuring residential, tourist, entertainment and recreational components. Shaped in the form of a falcon, the UAE’s national emblem, FCW will delight its residents and guests alike with modern versions of world-famous landmarks such as the Pyramids Park, the Dubai Hanging Gardens of Babylon, the Dueiffel Tower Dubai, the Taj Arabia, and the Leaning Tower of Dubai.

Mr, Ahmad Salem Almoosa, Vice Chairman & Deputy General Manager of Falconcity of Wonders LLC, said: “We shared with H.H. Sheikh Mohammed bin Rashid Al Maktoum the grand vision of our globally-themed development and its progress up-to-date.”

 

Realopedia launches online booking platform for developers at Cityscape 2017 in Dubai

E-marketplace a gateway for investors to book premium real estate projects with one click of a finger

UAE, September 12, 2017 – Realopedia, the global real estate e-marketplace established in Dubai, has launched its pioneering online booking platform for developers at the ongoing 16th Cityscape Global conference and exhibition at the Dubai World Trade Centre. The move is another reflection of the growing convergence and incorporation of property technology (PropTech) into the dynamic real estate market in Dubai, the UAE, and globally.

Realopedia, which is located at Stand No. S3A01 of the event’s venue, presents developers with substantial business growth opportunities via the newly launched online booking platform, in addition to offering them solutions to reach an extensive range of investors and customers.

As part of the Realopedia e-marketplace, registered developers within their set jurisdictions or areas can upload their inventory with an option to harness 3D and virtual reality (VR) technologies to give their prospective investors and customers a lifelike experience and a sense of what it is like to explore the actual units. These premium real estate projects can now be easily booked by property buyers – be it for their location, price, and features – with the click of a finger. The online booking platform has effectively made the cutting-edge e-marketplace a gateway for investors to quickly and conveniently reserve a property of their choice.

Laura Choueri, CEO and Founder, Realopedia, said: “We are excited to introduce this global platform to our developers as a new addition to our portfolio of technology-focused services. The launch comes at an opportune time when property buyers are using next-generation tools to access useful data. More and more tech-savvy investors are harnessing the full potential of contemporary and advanced tools to search for and purchase property according to their liking and taste instead of just relying heavily on traditional methods for information.”

“The online booking platform for developers is an innovative offering that will bring investors’ experience to the next level. In our online community, buyers can connect with registered agents and brokers, as well as reach out to agents who can represent them globally under DPAP, the ‘Developers Preferred Agents Program’,” she added.

Realopedia will introduce its ‘Make an Offer’ scheme for real estate agents, whose property is registered as per the regulations of Dubai Land Department and the Real Estate Regulatory Agency (RERA) in Dubai or official regulatory bodies in their respective countries. The exciting new concept is set to go live next month and is expected to give agents a big push in terms of promoting properties they have on offer.

Technology is increasingly being adopted within the UAE real estate market, with investors making use of digital tools to help them arrive at an informed decision. A latest HSBC survey shows that UAE home buyers go online to look for available properties (72 per cent); check the value of their current home (67 per cent); learn about taxes and regulations (65 per cent): research where to live (65 per cent), and explore prospective home prices (64 per cent). According to Choueri, this key trend of technology integration is only the beginning.

Realopedia has recently formed a first-of-a-kind strategic alliance with the region’s leading e-commerce site Souq.com, a subsidiary of Amazon.com, leveraging on its global accessibility and digital expertise to expand market reach for all its stakeholders and online users.

Falconcity of Wonders participates in the 16th edition of Cityscape Global

September 12, 2017 – The Dubai Land Department’s annual report for 2016 underscores the huge success of Dubai in particular in attracting property investors, registering a total of 60,595 real estate transactions collectively worth over AED 259 billion.

Falconcity of Wonders LLC will showcase the latest developments within its Falconcity of Wonders (FCW) multi purpose mega project during the 16th edition of City scape Global, the largest networking exhibition and conference dedicated to the real estate trade running from September 11 to 13, 2017 at the Dubai World Trade Centre. FCW covers over 41 million square feet featuring residential, tourist, entertainment and recreational components shaped in the form of the UAE’s national emblem – the Falcon –  which is fast emerging as a major landmark within Dubai’s iconic real estate landscape. As its name implies, the development will boast of local versions of the renowned Wonders of the World.

H.E. Salem Almoosa, Chairman and General Manager of Falconcity of Wonders LLC, said: “Cityscape Global provides valuable benchmarks for international real estate, particularly in the emerging markets. It is an important platform for the Middle East to maintain its stature as one of the world’s most in-demand property havens. With the UAE market currently firing on all cylinders, Falconcity of Wonders will take the opportunity to share its vision of growth for local and national real estate.”

Falconcity of Wonders will participate in Cityscape Global 2017 with a presence at Stand S3F10 /Sheikh Saeed Hall No. 03 of the venue. For more information please visit https://www.cityscapeglobal.com/en/home.htmlImage (6)

Join Palladium Cluster C Towers in Jumeirah Lake Towers as they celebrate International yoga day tomorrow

By Anitha Lakshminarayanan

The bustling and ever-growing Jumeirah Lake Towers community ladies especially residing in the Palladium Cluster C towers, from all walks of life, gather to celebrate international yoga day tomorrow.

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“This event comes as an initiative to connect well with its own community as well as bring in yoga and spiritual practice in our lives,” says Neha Bhargava, organiser of this event and housewife who lives in Palladium Cluster C Towers

Sucheta, a yoga instructor who will lead the event has been practising yoga for more than six years “Yoga has changed the way of my life and has made me more calm and positive about life,” she said

“Yoga is a well-known mind, body and spiritual practice in India and we are really excited to do this activity tomorrow as this will not only improve our  physical well-being but also help us bond with one another in the community, “says Vandana, a housewife who lives in Palladium Cluster C towers

Palladium Cluster C towers

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With more than 200 units and about 100 families reside in Palladium apartments overlooking Sheikh Zayed Road, Palladium is the most sought after properties in Dubai that boast high ultra-modern mixed-use community living with 35 floors.

Please feel free to email anithaideas@gmail.com for further details and RSVP to this event at 0528921981