Archive for June, 2009

Dubai and 2020 Olympic Games bid

Monday, June 29th, 2009
Al Ain Stadium

Al Ain Stadium

Dubai will set up a committee to decide whether to bid for the 2020 Olympic Games and the World Expo that year, state media reported, the latest effort by the Gulf emirate to attract international attention and business despite its financial woes. Dubai’s ruler has relied on such large-scale global ambitions to help drive his territory from little more than a patch of sand fifteen years ago to the Middle East’s business, sports and tourism hub. But the emirate has been hammered by the global financial crisis, struggling with massive debt as its key business sectors have declined. Although the ruling Al Maktoum family has scaled back some of its development plans, it has managed to capitalize on its many sports investments to help weather the global economic downturn. It inaugurated a $120 million cricket stadium in April that has served as a home ground for Pakistan in five one-day internationals and a Twenty20 match against Australia. The lavish stadium is part of Dubai Sports City, a cluster of mega-venues that will stage sports and entertainment events and set up training facilities and specialized academies for golf, tennis, soccer, rugby, cricket and swimming. Under construction since 2002, the project’s managers say progress has been undeterred despite the economic crisis. The complex could be key to a bid for the 2020 Olympics, which will be decided by a committee decreed by Dubai’s ruler, Sheik Mohammed bin Rashid Al Maktoum, according to the official United Arab Emirates WAM news agency. The group will also decide whether to push to host the 2020 World Expo, a large public exhibition that has been held since the mid-19th century to showcase achievements in art, design, education and trade. “These two global events, the Olympic Games and World Expo, give us a sense of common purpose and play to our strengths,” Sheik Mohammed was quoted as saying by WAM late Sunday. Dubai is not the only Gulf sheikdom that has looked to an Olympic bid to raise its profile. Two years ago, Qatar unsuccessfully bid for the 2016 Olympics. Dubai has run far ahead of its Gulf competitors on the sports front by linking investment with a decade-long effort to attract tourists and entertain the Asian and Western expatriates that make up most of the emirate’s 1.5 million inhabitants. But while the emirate has earned high marks for hosting ATP and WTA tour tennis events, the Dubai Desert Classic golf tournament and horse racing’s Dubai World Cup, it jeopardized its reputation earlier this year when the UAE denied a visa to an Israeli tennis player for a tournament. The WTA Tour board ordered the Dubai Tennis Championships to pay a record $300,000 fine.

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Children Summer camp

Saturday, June 27th, 2009

Head of  Children’s City in Dubai , Naila Al Mansouri said  the Municipality is  setting up summer camp for children of different age groups .

Bizarre Childrens Ride

Bizarre Children's Ride

The theme for this year is, “Special Summer”, and will start from July 28 to August 20.

The Municipality is keen in providing programmes beneficial for children during the summer holidays in which they can utilize their holidays usefully by spending time in cultural and informational environment. Varieties of Educational programmes  will also be included.

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Land Transactions in Dubai on the raise.

Friday, June 26th, 2009

Washed Out Desert, Dubai Skyline

Washed Out Desert, Dubai Skyline

Land transactions in Dubai has risen sharply during the  first quarter of June 2009  reaching a peaked record of  DH2.19 billion. Sales  record  exceeded Dh1.27 billion; according to the Land Department total value of mortgages during that period was Dh19.29 million.

A plot in the Shaikh Zayed Road area was sold for Dh124 million  with 81 transactions registered to the Land Department.

Other plot that were sold for high value are: Jebel Ali  for Dh34 million and other within the same area for Dh28 million.

21 transactions was  registered for the Ranches area and the Emirates Hills had 17 sales.

The Al Aweer Second area  315,217 sqft plot went for Dh11 million  as the biggest area sold

Shaikh Zayed Road had the highest  turnover  by value of Dh124 million, Jebel Ali area at Dh91.21 million and the Emirates Hills at Dh89.32 million.

652 sales transactions of apartments and villas in freehold  areas were registered.

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Dubai: Fast becoming a Global City

Friday, June 26th, 2009
View of Dubai Skyline

View of Dubai Skyline

On Friday Dubai Media  Office issued a statement that  four large development groups: Emaar Properties PJSC, Dubai Properties LLC, Sama Dubai LLC and Tatweer LLC have started merger talks aimed at facing up to the current challenges and also to transform Dubai into a Global city. The big four collectively hold  one of the largest land banks in  Dubai.

Dubai  Government investment arm Dubai Holdings  controls  Sama Dubai and Tatweer;  Dubai Government has a share of 32.5 of Emaar properties which is completing  Burg Dubai the World’s tallest Tower.

Emaar properties is been advised by Royal Bank of Scotland while Dubai Holdings is been represented by Merrill  Lynch International.

In  a  communiqué released  ;  discussions are being held with the relevant regulatory authorities , assessment of merits in relation to the proposed merger, valuation of the various entities and structures of the transactions.

Mohammad Al Gergawi, chairman of Dubai Holdings, said “Consolidating these three companies with Emaar is a natural progression in the evolution of the Dubai real estate landscape, providing benefits to all stakeholders. By joining forces, we will give the larger combined entity an unparalleled platform to optimise opportunities in its domestic and international markets. The combined entity has a clear and concise strategy, better positioning Dubai as a world-leading hub in real estate development and management”.

Mohammad Ali Al Abbar, chairman of  Emaar, said, “We believe that there could be exceptional synergies between Emaar and Dubai Holdings’ key real estate businesses. These comprehensive discussions are driven by a shared vision regarding the consolidation of our respective visible success stories to date and the creation of a world-class group which would be ideally positioned to dynamically help shape and support the ongoing development of Dubai as a world-leading hub. We look forward to working with Dubai Holdings with a view to completing these discussions soon and ensuring value accretion to our existing shareholders”.

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Dubai nightclubs and bars

Friday, June 26th, 2009

Dubai is one of the seven emirates of UAE and popular destinations amongst the tourists. The charming Dubai city reflects the fascinating blend of the adventures, culture and traditions of Arab life along with all modern facilities of a cosmopolitan lifestyle.
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Dubai outdoor activities

Thursday, June 25th, 2009

Dubai is one of the most wonderful places where you can enjoy your holidays with great fun. Beaches, skiing, souqs, shopping, desert safari and exciting night life makes Dubai most lively city of United Arab Emirates.
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Public Transport in Dubai

Thursday, June 25th, 2009

Dubai rings a bell when you are looking for an enthralling place to travel. However, it can be very expensive to stay in Dubai especially when you are not so familiar with how you can cut cost while enjoy the city at the same time.One of the things that can eat up your budget is the transportation expenses you will incur when you are in Dubai. To cut down on costs, you must get familiar with the different types of transportation in Dubai as you jump from one place to another.
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Addictive Shopping in Dubai

Thursday, June 25th, 2009
Gold Shopping in Dubai

Gold Souk

Whenever we say the word Dubai, another word from the Oxford dictionary automatically gets affixed to it and i.e. ’shopping’. Shopping in Dubai doesn’t always mean getting more for lesser money, but it also is the enjoyment and fulfillment that you derive from wandering and maybe getting lost in large malls :)   gold shopping in souks and buying smaller antiques on shopping streets.
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Majestic Monuments in Dubai

Wednesday, June 24th, 2009

Enlighten your life with the best attractions in Dubai. Dubai is famous for its mega structures and amazing skyscrapers, not to mention the historic sites and monuments that draw tourist attractions all these years. Here are some of the monuments you might want to see when you are staying in Dubai:

Dubai Museum

Old Dubai aera and museum, UAE, November 2007

Old Dubai aera and museum, UAE, November 2007

It was in 1799 when AL Fahidi Fort was established and believed to be  oldest building in Dubai.  It was built to defend the city from foreign invasion. The marvelous fort is now known as the Dubai Museum where you can experience Dubai’s heritage and rich culture since its inception in 1971. At the Museum’s entrance, you can find the majestic collection of old maps of the Gulf and the Emirates, showcasing the urban expansion of Dubai from 1960 to 1980. Dubai Museum offers an exceptional trip to desert life, traditional Arabian homes, mosques, fishing, pearl diving and trade. Among the highlights that can be witnessed in the museum are artifacts such as old weaponry and also musical instruments made of goatskin.

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2009 FIFA Beach Soccer World Cup (16 to 22 Nov. 2009)

Wednesday, June 24th, 2009
FIFA Beach Soccer World Cup 2009 – Qualifier – Brasil v/s Uruguay

FIFA Beach Soccer World Cup 2009 – Qualifying match – Brasil v/s Uruguay

For beach soccer fanatics, November will be their dominative month when they cheer for their country at The FIFA Beach Soccer World Cup 2009 which is being hosted by the United Arab Emirates in Dubai. This is only the second time that FIFA Beach Soccer World Cup has taken place outside Brazil, the country that has won the most titles in this sport. The 2009 World Cup will take place from 16 November until 22 November 2009 and 16 teams from 6 confederations will contest amongst themselves for the coveted title.
United Arab Emirates as a host city for beach soccer competition may sound a little odd, but there are an equal number of crazy soccer aficionados that love the sport as much as horse and camel racing. In fact UAE team has proved to be Asia’s premium teams by winning the AFC titles successively in 2007 and 2008.

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