Abu Dhabi real estate market experiences growth
JLL, the world's leading real estate investment and advisory firm, has released its second quarter (Q2 2014) Abu Dhabi Real Estate Overview report, whichprovides the consultancy's perspective on the latest trends in the office, residential, retail and hotel sectors in the Abu Dhabi market.
Read The Sheikh Zayed Housing Programme, SZHP, has approved the names of 1,369 beneficiaries of the 2nd batch of housing aid valued at AED 1.157 billion. The names of the beneficiaries were approved during a meeting chaired by Dr. Abdullah Bel Haif Al Nuaimi, Minister of Public Works and Chairman of SZHP. The approval is in line with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to provide Emiratis a dignified life since their welfare tops the priorities of the government.
Read compareit4me.com, the UAE based finance comparison site has announced the completion of its first round of funding at a valuation of over $3 million. The investment was led by Mulverhill Associates, a Dubai based investment and advisory firm focused on the Middle East. Jonathan Hall, Managing Director of Mulverhill Associates said ‘it’s fantastic to be involved with such an energetic and rapidly growing company as compareit4me.com. They have bootstrapped their way to being industry leaders, have 15 active banks working with them, are already profitable and most interestingly for us, they have enormous growth potential.’ Hall continued,’compareit4me has a significant foothold in a fantastic industry, it is a business model that has been extremely successful in other markets and we are delighted to be supporting the team.’
Read Emirates Global Aluminium is a jointly-held, equal-ownership company formed by Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai combining their respective aluminium industry interests. EGA’s core operating entities are Dubai Aluminium ("DUBAL") and Emirates Aluminium ("EMAL"), whose combined annual production capacity is set to reach 2.4 million tonnes per annum by mid-2014, which will make EGA the fifth largest aluminium producer in the world. The UAE-based EGA also owns Guinea Alumina Corporation, and a stake in Cameroon Alumina Limited, both being bauxite mine and alumina refinery development projects. In addition, EGA has plans for significant local growth and international expansion.
Read Opportunities for strengthening economic ties between the U.A.E. and China were the focus of talks during a two-day visit to China by U.A.E. Minister of state, Dr. Sultan Al Jaber. The visit is expected to lay the ground work for increased economic activity between U.A.E. and China which is growing at more than 14 per cent annually. Discussions explored opportunities for collaboration and investment across sectors of mutual interest, including energy, infrastructure and technology.
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