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Zawya
24 minutes ago
- Zawya
DAMAC brings luxury to life in Egypt's North Coast: A showcase of DAMAC's signature projects, opportunities for timely investments
Cairo: DAMAC Properties, UAE's leading real estate developer with a global footprint, will bring its signature and luxurious developments to Egypt's North Coast for a month-long activation at The G Hotel. Running from 8 August to 6 September 2025, the activation will offer a unique and private setting for valued clients and brokers across Egypt to explore DAMAC's signature developments in a dynamic and personalised environment. El Sahel, North Coast Egypt, has firmly established itself as Egypt's premier luxury destination, especially during the summer peak. The showcase by DAMAC will present a valuable opportunity for affluent residents, high-net-worth vacationers, and real estate investors to dive into DAMAC's portfolio of properties in the UAE and beyond. Some of DAMAC's key projects on showcase will be Chelsea Residences by DAMAC, the iconic residential development born of its landmark global partnership with Chelsea F.C.; Canal Crown; Safa Gate, redefining the essence of Dubai's opulent living on Sheikh Zayed Road; Lagoon Views, an Aqua-themed apartment complex offering a host of water-inspired amenities and Riverside Views, located within the newly launched DAMAC Riverside community blending urban convenience with suburban charm. Hany Kotat, Vice President of International Sales at DAMAC, stated, 'We are thrilled to bring our luxury offerings to the North Coast of Egypt. This event underscores our commitment to the Egyptian market, which holds significant potential for growth and investment. We recognise the increasing interest from Egyptian investors in high-quality real estate, and we are excited to showcase our portfolio that meets their aspirations for luxury living.' Throughout this month-long campaign, DAMAC will reinforce its commitment to quality, customer experience, and timely delivery, bringing its established portfolio closer to investors and buyers in Egypt. The Dubai residential property market continues to perform impressively, building on the momentum seen throughout 2024. According to the latest H1 2025 Residential Market Report by Property Monitor Group, both prices and transaction volumes remain elevated across segments, with sustained interest in both off-plan and resale properties. The showcase will feature some of DAMAC's key developments, including Chelsea Residences by DAMAC- An iconic residential development resulting from a landmark global partnership with Chelsea F.C, Canal Crown- A stunning project that redefines luxury living in Dubai, Safa Gate- An exquisite offering on Sheikh Zayed Road, epitomizing opulent living, Lagoon Views- An aqua-themed apartment complex with a host of water-inspired amenities and, Riverside Views- Nestled within the newly launched DAMAC Riverside community, blending urban convenience with suburban charm. DAMAC Properties has been at the forefront of the Middle East's luxury real estate market since 2002, delivering award-winning residential, commercial and leisure properties across the region and internationally, including in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, Angola, the Maldives, the United States, as well as the United Kingdom. DAMAC delivered more than 48,000 homes with over 50,000 more in diverse planning and development phases. Joining forces with some of the world's eminent fashion and lifestyle brands to create tremendous living experiences, such as with Versace, Roberto Cavalli, or de GRISOGONO. With a consistent vision and momentum, DAMAC is building the next generation of luxury living across the globe.


Khaleej Times
24 minutes ago
- Khaleej Times
UAE: Flydubai to receive 12 aircraft this year, still 20 behind its original projections
Flydubai will receive 12 new aircraft this year but remains 20 planes short of its original delivery projections, its chief executive said Thursday. The Dubai carrier has taken delivery of seven new aircraft in 2025, with a further five Boeing 737 MAX 8s scheduled to join its fleet before the end of the year. The seven new aircraft have taken the local carrier's fleet to 93 aircraft, supporting the carrier's growing network of more than 135 destinations in 57 countries. 'These deliveries are part of a backlog extensively delayed in recent years, and despite receiving 12 aircraft this year, we remain 20 aircraft behind our original projections,' said Ghaith Al Ghaith, CEO at flydubai. Saj Ahmad, chief analyst at StrategicAero Research, said as one of the world's biggest 737 MAX customers and the biggest 737 operator in the GCC, it's no surprise that flydubai's success has been borne out of the unique low cost, low fuel burn and efficiency of the 737 MAX to augment its regional and international growth, particularly since expanding flights after the Covid-19 pandemic. 'What makes the 737 MAX special to flydubai is not just the fact that the airline operates a hybrid cabin for premium passengers, but the additional range and payload allow flydubai to expand into markets that simply didn't previously exist out of the UAE. With over 135 touch points, it's clear to see flydubai has a lot more room for growth, and this is why the development of Dubai World Central / Al Maktoum International airport is key to their future success,' added Ahmad. Airlines in the UAE and around the world are facing delays in deliveries, which are impacting their expansion and growth plans. The carrier said in July last year that its expansion plans had been significantly impacted by Boeing's latest update regarding ongoing delays in its aircraft delivery schedule. Flydubai has added 11 new destinations this year, including seasonal summer destinations Antalya and Al Alamein as well as Damascus and Peshawar. The carrier is set to add four new destinations in Europe, including Chisinau and Iasi from September and Vilnius and Riga from December. 'Looking ahead, these aircraft will enable us to unlock new destinations, optimise our operations and play an even greater role in supporting Dubai's growth as an international aviation hub,' added Al Ghaith. Flydubai added that financing for the first seven aircraft received this year has been secured under Islamic financing from Abu Dhabi Islamic Bank, conventional debt financing from The National Bank of Ras Al Khaimah, as well as sale and leaseback transactions with JP Lease Products & Services (JLPS) and JLPS Ireland Limited.


The National
24 minutes ago
- The National
Emiratis can renew UAE passports up to a year before they expire
Emiratis will be able to renew their passports up to a year before they expire from Monday. The extended period – up from the previous six months – was announced by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP). Most countries require visitors to have at least six months left on their passports to be allowed to travel. There are some exceptions, with New Zealand, Iceland, Sweden and Albania requiring three months. 'The move aims to improve citizens' quality of life by enabling them to plan overseas travel in advance, complete necessary procedures seamlessly and expand the use of digital official documents,' said ICP director Ali Al Shamsi. 'It is also part of the authority's strategy to provide proactive and innovative government services.' The UAE passport continues to rank among the world's most powerful and trusted travel documents, he added. It moved into the top 10 of the Henley Passport Index for the first time in 2024. The country was ranked ninth with visa-free access to 185 countries, an increase of 152 countries since the index began in 2006. 'The new order will further strengthen the UAE passport's global standing and set a benchmark for passport issuance and renewal systems worldwide,' he said. The General Directorate of Residency and Foreigners Affairs in Dubai renewed 7,425 UAE passports during the first half of 2025. The centre has issued 139,000 passports for Emiratis since its inauguration in 2008.