Latest news with #AED60m
Arabian Business
03-05-2025
- Business
- Arabian Business
Dubai real estate sector recorded $6bn of transactions last week, including $16m Palm Jumeirah apartment
The Dubai real estate sector recorded AED22.16bn ($6bn) of transactions last week, according to data from the Land Department. Sales transactions dominated the figures, with AED15.47bn ($4.2bn), according to Land Department data. In total there were 4,490 sales transactions recorded between April 28 and May 2. Dubai real estate this week Among the most expensive sales transactions listed on the Land Department website were: An apartment in One at Palm Jumeirah in Palm Jumeirah sold for AED60m ($16.3m) An apartment in Muraba Veil in Dubai Water Canal sold for AED33.46m ($9.1m) An apartment in Six Senses Residences in Palm Jumeirah area sold for AED27.5m ($7.5m) The Land Department also showed mortgage deals worth AED5.12bn ($1.4bn) last week. Gift transactions in the same period were valued at AED1.57bn ($427m).
Arabian Business
06-02-2025
- Health
- Arabian Business
UAE healthcare giant Medcare to open 10 medical centres in 2 years
UAE healthcare giant Medcare has announced the expansion of its Medical Centres network to meet the rising demand for easily accessible premium and quality healthcare services. With six centres launched in 2024 and another five to be launched in this financial year, Medcare Medical Centres will expand to have 26 state-of-the-art facilities across Dubai and Sharjah. With a committed investment of AED60m ($16.3m), Medcare Medical Centres is set to have the largest network of clinics in the premium sector. Medcare centres in the UAE Designed as community-focused hubs, the medical centres are a notch above general clinics, in its capacity to provide comprehensive primary care services to individuals and families by specialised doctors, experienced staff, supported by in-house diagnostic solutions and additional services like physiotherapy. The new Medcare Medical Centres will increase access to comprehensive care in addition to the five multi-speciality hospitals located across Dubai and Sharjah. Medcare's Medical Centres served more than 400,000 people in 2023. In 2024, the number surpassed half a million patients, representing an increase of 20 percent in just one year. The new medical centers are strategically located in prime neighbourhoods such as: Palm Jumeirah, Dubai Tilal Al Ghaf, Dubai Damac Hills, Dubai Al Furjan, Dubai Al Zahia, Sharjah Each facility offers a full range of medical specialties under one roof like general medicine, paediatrics, obstetrics and gynaecology, cardiology, orthopaedics, dental care, family medicine, among many others. By providing comprehensive care at accessible locations, Medcare eliminates the need for families to travel far to avail healthcare services, ensuring convenience without compromising on quality. Since commencing MRI screenings last year, the medical centres have completed more than 500 MRIs in just two months, demonstrating their critical role in fulfilling patient demands. Alisha Moopen, Managing Director and Group CEO of Aster DM Healthcare, said: 'The introduction of the new medical centres in emerging family-centric neighbourhoods of Dubai and Sharjah, aligns with Medcare's aim to make premium healthcare services easily accessible for families, while strengthening its presence in the UAE. 'As we expand our network of experienced doctors and medical professionals who can meet the evolving healthcare needs of our patients, our priority remains to ensure that more patients have access to world-class care, conveniently located close to home. 'This growth marks a significant milestone in our journey to deliver comprehensive personalized healthcare with excellence.' Dr. Shanila Laiju, Group CEO of Medcare Hospitals and Medical Centres, said: 'Medcare is transforming healthcare by adopting modern practices to create a seamless, patient-centred experience, delivered by highly skilled and experienced doctors. From digital appointment booking to telemedicine and specialized services, Medcare Medical Centres will continue to serve our patients and families with excellence in medical care, at par with international standards. 'The expansion of our medical centres demonstrates our commitment to bridging healthcare gaps and providing community-based care'. Samer Hatoum, COO of Medcare Hospitals and Medical Centres, said: 'The new medical centres will not only provide essential primary healthcare services like paediatrics and general medicine, but will also introduce specialised treatments tailored to the community's needs, such as orthopaedics and sports medicine, rheumatology, endocrinology, pulmonology, diabetic retinopathy, dermatology and dental, cardiology, neurology, and advanced physiotherapy'.
