Tag Archives: DMCC

Forever Blowing Bubbles!

There is one major problem with Dubai’s most expensive penthouse at US$ 49.3 million – it has yet to be built! However, a contract will soon be awarded by the developer, Omniyat, to build the One at Palm Jumeirah. With … Continue reading

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On The Road Again

The importance of the gold trade to the local economy was reinforced with news that almost 40% of the global market in the precious metal was carried out in Dubai. It is amazing to consider that only ten years ago, … Continue reading

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The Show Must Go On

On Sunday, Nakheel paid off more than a third of a loan that was not due for repayment until September 2015. The US$ 640 million early settlement is an indicator that the developer has recovered from its enforced August 2011 … Continue reading

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Don’t Stop Me Now

Now officially the emirate’s largest free zone – with over 7,300 registered companies – DMCC have contracted Brookfield Multiplex to design and construct ‘One JLT’, a glass-box style building. On completion, this impressive world-class building will cover 23.4k sq mt … Continue reading

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Walk Away

Nakheel has issued a tender for piling works – a precursor for work to finally start on its US$ 680 million mall development at the end of Palm Jumeirah. The project, including a 200-room five star hotel, serviced apartments and … Continue reading

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