Although Dubai’s bright-lights, big-city image is seemingly at odds with an energy-saving agenda, a target of the Dubai Integrated Energy Strategy 2030 (DIES) is to reduce energy consumption by 30% by 2030. It may seem like an ambitious target but the Dubai Supreme Council of Energy (DSCE) believes it can be achieved if the smart use of electricity and water becomes a...
Hosting the World Expo in 2020 will give Dubai the opportunity to demonstrate its exponential growth, both in the development of sustainable energy sources and in the introduction of measures to foster smarter, more efficient use of power and water. Key performance indicators for the emirate’s energy goals can be benchmarked in the next few years against three specific...
Footfall numbers, sales figures and consumer confidence indicators all point to solid growth in Dubai’s retail and wholesale sector, the single-biggest driver of the emirate’s economy. Furthermore, plans unveiled in the summer of 2014 look set to take the shopping experience in Dubai to a whole new level.
While Dubai may be renowned for its numerous large-scale shopping centres, a number of the emirate’s big developers are shifting some of their efforts to retail community centres. Indeed, convenience and proximity to residential areas are the value proposition for a number of new retail developments.
In the largest public offering on the Dubai Financial Market (DFM) in seven years, Emaar Properties raised Dh5.88bn ($1.6bn) with the initial public offering (IPO) of its malls division, Emaar Malls Group (EMG), operator of The Dubai Mall. Shares were priced at the top of the range at Dh2.90 ($0.79) and oversubscribed by 30% for the institutional segment and by 20% for...
Although Dubai has led the way in the development of the GCC tourism and hospitality industry, it may soon be able to adapt its own offerings, by benefitting from the development of arts and cultural attractions being built in neighbouring Abu Dhabi. The focus of this activity in the capital is on a 25.9-sq-km natural island. Three internationally acclaimed architects...
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