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Dubai IPS attracts full complement of exhibitors
Organisers of the highly anticipated Dubai International Property Show (IPS) have confirmed that exhibiting spaces are now fully booked.The event – which takes place between April 30th and May 2nd at the Dubai International Convention and Exhibition Centre – will see some of the most prominent building developers in the Middle East showcase their latest innovations.This is the ninth edition of the show and it has gone on to become a major global occasion since it was first launched in 2005.Although the worldwide economy has been in the doldrums in recent years, the IPS still managed to attract more than 18,000 visitors in 2012 and even more investors are predicted to attend the three-day exhibition later this month.Companies from the UAE, Thailand, UK, Egypt, Canada, Cyprus, Turkey, Morocco, Brazil and the Philippines are expected to participate in the real estate extravaganza.Sultan Butti bin Mejren, director general of Dubai Land Department, said the show has once again succeeded in bringing a host of international firms together.Meanwhile, organiser of the event Dawood Al Shezawi suggested that businesses and investors can forge strong relationships during the exhibition and that the 2013 version will be bigger and better than ever.He thinks that the UAE's impressive economic growth and the recent resurgence of the Dubai property market has made the city even more attractive to investors from all over the world.His thoughts are backed up by statistics provided by Deutsche Bank, which showed that real estate prices increased for the 16th consecutive month in March.The fact that property values have shot up by 6.2 per cent so far this year reiterates the point that Dubai is the place to be for global investors.Rents are also soaring, as the demand for temporary accommodation in the emirate continues to grow. This is clearly good news for property owners, as they can make a lot more money than in previous years and they are also likely to make a significant profit when they eventually sell their assets in a few years' time.Click here for your free property investment guide Continue reading
Bollywood star full of praise for ‘amazing’ Dubai
Bollywood legend Amitabh Bachchan believes that Dubai has emerged as a cultural hub and he hailed the city as “amazing”.In an interview with City Times, Mr Bachchan said he has admiration for the vision of His Highness Shaikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai.It is easy to forget that Dubai was just a small Gulf town just a few decades ago and its transformation into one of the most vibrant cities on the planet has been remarkable.Mr Bachchan believes the emirate has managed to mix old and new seamlessly.”This cultural shift is truly remarkable. Earlier one wouldn't quite associate the emirate with literary events and festivals. Now Dubai has become the most happening address on the cultural firmament,” he told the news provider.”It has upscale infrastructure and a very exciting verve to it. Dubai is a lively cosmopolitan city.”You only have to look at the plethora of ultra-modern skyscrapers that have sprung up across Dubai to see why it is seen as a pioneering city.With record-breaking buildings such as the Burj Khalifa and the Dubai Mall, it is easy to understand why other parts of the world use the emirate as a blueprint for how to build a vibrant metropolis.Dubai is within easy reach of India, which perhaps explains why it is so popular among the Bollywood fraternity.Earlier this year, Emirates 24/7 reported that another popular actor – Salman Khan – was considering buying property in the area.His brother Sohail told the news provider that the pair had been looking for a new home in the UAE, as it is a “beautiful and safe country”.The fact that Dubai is just two and a half hours from Mumbai also made the city a very attractive place to live, he suggested.A multitude of exciting new developments are springing up all the time, so people who are planning to relocate to the Middle East will have no shortage of choice when they browse the property market. Continue reading
Dubai citizens to benefit from free city-wide Wi-Fi?
People in Dubai could soon have access to an outdoor Wi-Fi network as they make their way around the city, according to one tech expert.Rabih Dabboussi, managing director of Cisco Middle East, said internet services are set for major growth across the region and cities in the UAE could be next in line to benefit from network upgrades.Mr Dabboussi told Emirates 24/7 that “city-wide coverage of Wi-Fi” will be a key future trend as technology progresses and people grow more accustomed to being connected to the internet at all times. Outdoor wireless services are expected to rise in prominence, eventually replacing 3G and even the newer 4G services for many users.The publication noted that Dubai could follow in the footsteps of Santa Clara in California, which recently launched a free outdoor Wi-Fi service for the entire community made possible by the installation of smart metering technology.”Today, most of the people are connected, tomorrow everything else will be interconnected,” Mr Dabboussi explained.The senior executive added that Cisco is “focused on assisting businesses and governments in the Middle East to innovate, evolve and increase productivity”.Dubai is now recognised as a hub for technology and innovation in the Middle East, with the emirate's Dubai Internet City and Dubai Outsource Zone recording a 15 per cent growth in tenants last year.The two IT-focused business parks signed up 160 new companies between them in 2012, according to a statement issued earlier this month.Malek Al Malek, managing director of both zones, commented: “2012 was a particularly strong year for our cluster. Not only did we welcome some of the industry's biggest players such as Facebook, LinkedIn and Interglobe, we also saw the expansion of existing partners.”He added that Dubai now offers “a prosperous ecosystem for technology companies”. Continue reading
