United Arab Emirates
Palm Jumeirah villa sold for Dh280m
Published
2 years agoon
![Dubai-property](https://headline.ae/wp-content/uploads/Dubai-property.png)
A new 10-bedroom custom-built villa on the Palm Jumeirah has been sold for a record Dh280 million in Dubai, the emirate where records are broken almost every other day.
The stylish contemporary white villa features an enormous 33,000sq ft, state-of-the-art living space, seven-star spa hotel facilities (including a gym and a hair salon), and imported and handpicked book-matched Italian marble. The property is furnished by uber-lux Italian furniture houses Giorgetti and Minotti and boasts more than 70 metres of private beachfront.
While the details of the exact date of the deal being sealed in ink are unknown yet, the development comes in the first week since the first quarter of 2022 closed on a very strong note.
According to a Kingsley Properties report, quoting Dubai Land Department figures, property sales hit the 22.55 billion mark in transaction volume for the month of March 2022, almost two years since the start to the Covid19 pandemic.
Among a total of 172 localities that witnessed buying in off-plan and completed properties last month, Palm Jumeirah led the pile with the most concentrated interest among buyers.
Real estate platform propertymonitor.com verified that the sale of this Palm Jumeirah villa sets a new record for the highest value residential villa sale in Dubai.
“To see a transaction of this magnitude illustrates the ongoing strength of Dubai’s property market, particularly in the ultra-high-end segment. The transaction not only beats Dubai’s previous record but closes the gap between Dubai’s luxury market and those of leading global cities such as London, New York, and Hong Kong,” said Zhann Jochinke, chief operating officer of Property Monitor.
Visa reforms, rising population, market situations worldwide and changing geopolitics leading the world’s rich and famous to head to Dubai are some of the reasons cited by the Kingsley report as reasons for the upward trajectory in Dubai’s real estate.
The luxury property market in the emirate had also witnessed steady growth in 2021 with prices increasing an estimated 21 per cent within the first 10 months of the year and over Dh135 billion worth of transactions occurring between January and November 2021.
Palm Jumeirah has always been at the forefront among upscale communities in Dubai, with one triplex penthouse selling for Dh180 million in 2021.
According to a Berkshire Hathway survey of property professionals in the region last month, nearly 80 percent are confident that the trend will continue to grow for the rest of the year.
The Dh280m villa deal only goes on to confirm that.
Announcements
Adventure alert: Hatta unveils UAE’s longest mountain trails
Published
2 weeks agoon
August 24, 2024By
SudhashreeDubai Municipality has completed the development of the UAE’s longest mountain trails, which features 21 cycling routes spanning 53 kilometres, 17 walking trails across 33 kilometres, 9 wooden bridges and 14 rest stops and service facilities.
The Hatta Mountain Trails are one of various projects being implemented by Dubai Municipality to establish Hatta as a leading tourist destination in the region.
The trails are divided into four colour-coded levels of difficulty: Green – with four tracks for cycling and four for walking; Blue – with six tracks for cycling and three for walking; Red – with eight routes for cycling and six for walking; and finally, Black – with three trails for cycling and four for walking.
.@DMunicipality completes development of the #UAE’s longest mountain trails, which features 21 cycling routes spanning 53 km, 17 walking trails across 33 km, 9 wooden bridges and 14 rest stops and service facilities. #Dubai https://t.co/Hsr2EwOdxs pic.twitter.com/R0Rq386gij
— Dubai Media Office (@DXBMediaOffice) August 22, 2024
During the project’s first phase, Dubai Municipality implemented a comprehensive development plan in a record time of 10 months. This involved the expansion and maintenance of existing hiking and mountain bike trails and stabilising the soil in areas to improve the experience for visitors using the trails.
Comprehensive maintenance was also carried out on all existing bridges, with damaged ones replaced.
The second phase included constructing rest stops and service facilities along trails and other locations and installing 176 signposts and 650 directional signs to help cyclists enjoy a safe and distinctive experience on the Hatta Mountain Trails.
The Hatta Mountain Trails pass through a variety of different terrains and landscapes, including rocky paths, mountainous areas, rugged peaks and valleys, offering panoramic views and the opportunity for outdoor enthusiasts of all abilities to enjoy Hatta’s unique natural beauty.
Announcements
Dubai’s Economy Surges: GDP Hits Dh115 Billion in Q1 2024 with 3.2% Growth
Published
2 months agoon
July 23, 2024By
SudhashreeDubai’s economy has grown 3.2 per cent in the first quarter of the year compared to the same period last year — with the emirate’s gross domestic product (GDP) reaching Dh115 billion.
“Dubai’s ambition is limitless, and its success story will remain a role model for cities wishing to create a promising future for their coming generations,” said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai.
The goal, he said, is to “sustain success and establish a culture of excellence and leadership” across all sectors in the emirate. The economic growth in the first quarter of the year mirrors the success story of 2023, when the GDP reached approximately Dh429 billion, marking an increase of 3.3 per cent compared to the 2022 figure of approximately Dh415 billion.
In the first quarter of 2024, Dubai's economy grew by 3.2%, increasing the emirate's GDP to AED115 billion. This performance underscores the success of Dubai's strategy to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. We remain committed to achieving… pic.twitter.com/NM7HjrN7Pm
— Hamdan bin Mohammed (@HamdanMohammed) July 23, 2024
Numbers show that Dubai is booming across sectors — from transportation and storage to food services and real estate.
Here’s how each sector has grown in the first quarter of the year:
- -Transportation and storage sector: 5.6%, amounting to Dh15.4 billion
- -Financial and insurance activities sector: 5.6%, amounting to Dh15.1 billion
- -Wholesale and retail trade sector: 3%, amounting to Dh26.3 billion (the top GDP contributor at 22.9%)
- -Information and communications sector: 3.9%, amounting to Dh5.1 billion
- -Accommodation and food services activities sector: 3.8%, amounting to Dh4.7 billion
- -Real estate sector: 3.7%, amounting to Dh8.4 billion
- -Utilities and waste management: 7.5%. amounting to Dh3.2 billion
- -Manufacturing sector: 1.6%, Dh8.4 billion
- -Other activities: 0.46% (These include agriculture, mining, construction, professional services and administrative services, among others.)
Sheikh Hamdan said the emirate’s successes highlight the combined efforts and teamwork of various stakeholders to realise the objectives of the emirate’s comprehensive development plans for 2033, especially the Dubai economic Agenda (D33) and Dubai Social Agenda 2033.
“Dubai is progressing in accordance with a clear vision whose foundations were laid down and whose goals were defined by Sheikh Mohammed bin Rashid Al Maktoum,” the Crown Prince said.
“What we witness today is a practical reflection of this vision, which has placed Dubai among the leading economic and commercial centres of the world.”
Announcements
Indian wellness practioner Piush Jain eyes global expansion, announces plans for Dubai
Published
2 months agoon
July 1, 2024Award-winning Indian wellness practioner Dr Piush Jain, renowned for his groundbreaking age reversal therapy using Ayurvedic medicines and herbs, is now eyeing global expansion with Dubai as his first international hub.
Dr Jain, who runs the famous Dr PK Jain Clinics with a legacy of close to hundred years in the Indian city of Lucknow, has helped many reverse aging process, naturally, through a 5000-year-old age reversal Ayurvedic therapy. And now, the leading Ayurveda exponent is ready to spearhead age reversal therapy by taking his line of work to the wider world.
“My line of treatment is a revolutionary step forward in the field of age management and hormonal health and it is something I now want more people from around the world to have greater access to. So there’s no place better than Dubai to start my global operations from. And our plans are to be in business within this quarter pending all necessary approvals from relevant authorities,” Dr Jain said this week during his trip to Dubai where he is meeting officials from various health authorities ahead of his grand launch. “Dubai is home to close to 200 nationalities. So setting up a business means unparalleled opportunities for growth and innovation, thanks to its strategic location, world-class infrastructure, and business-friendly environment and also a gateway to the wider world”
Dr. Jain – a fourth-generation practitioner from a family of holistic wellness therapists who have been tapping the power of traditional Ayurvedic practices for over a 100 years in India – stresses particularly on the use of Amalki Rasayana herbs, that he says, have a positive impact on the pituitary-gonadal axis – a key controller of aging and vitality.
“What sets us apart is our work on the pituitary gland. Often referred to as the ‘master gland,’ it plays a pivotal role in regulating the body’s hormonal balance and, consequently, the ageing process. My groundbreaking treatment taps the power of traditional Ayurvedic medical practices like the age old Amal Ki Rasayan and other herbs to harness the natural functions of the pituitary gland to manage age-related hormonal changes. By stimulating the gland in a way that mimics the body’s own processes, this innovative approach effectively slows down the ageing process without introducing any side effects,” explains Dr Jain who has been lauded with lifetime achievement awards both internationally and in his native India.
Recent studies underline the potential of Ayurvedic treatments to enhance longevity and quality of life. Research published in the Journal of Clinical Medicine published by MDPI (Multidisciplinary Digital Publishing Institute), the Swiss-based publisher of open-access scientific journals and the largest of its kind, emphasises how natural compounds can reduce oxidative stress and inflammation, critical factors behind aging process. A comprehensive study on the effects of Vajikaran Rasayana herbs substantiates their significant influence on hormonal balance and vitality. “The results are stunning – one’s hair start growing again, one’s skin starts glowing just as your other organs including brain, kidney and liver start functioning at an optimum level again thereby making one reverse a lot of usual age-related conditions like diabetes, hypertension, eventually making the patient feel better emotionally, physically and even sexually as part of a holistic wellness therapy,” he says.
Based in Lucknow but now with a firm eye on global expansions starting with Dubai, Dr. Jain’s clinic has scripted many success stories. His patients have reported feeling more energetic, mentally clearer, and looking younger. Not just in India, his work is also gaining attention and popularity across the globe as more and more people look for alternative anti-aging treatments.
For more information about Dr. Piush Jain and his Ayurvedic age reversal therapy, please visit https://www.drpkjain.com/ or contact: India – +919415027773 /+917007467416
UAE – +971545935289