Latest news with #Dh2.75
Al Etihad
4 days ago
- Business
- Al Etihad
Emirates Stallions Group launches boutique real estate developer
3 June 2025 11:33 ABU DHABI (ALETIHAD)Emirates Stallions Group, a subsidiary of International Holding Company (IHC), has announced the launch of Royal Development Holding, a boutique real estate developer created by consolidating its existing real estate subsidiaries into a single branded move marks a strategic shift in ESG's property development newly launched entity brings together specialised subsidiaries such as Royal Development Company (RDC) and Royal Architect Project Management (RAPM). It also sets the stage for introducing new entities to further enhance ESG's capabilities across the real estate value chain.'With Royal Development Holding, we are evolving the Royal Development name and scope of work,' said Kayed Ali Khorma, CEO of ESG. 'It will build lifestyle-driven communities to nurture growth, transform the everyday experience, and shape the future of living.'RDC, the flagship subsidiary, brings to the new holding company a 15-year legacy of excellence, having managed over 60 landmark projects in more than 15 countries. This consolidation will allow ESG to offer end-to-end real estate solutions, enabling it to stay competitive in a rapidly evolving Nazzal, General Manager of Royal Development Holding, commented: 'By listing several of the Group's real estate development and project management companies under Royal Development Holding, we are aligning with our vision of continuous growth and transformation. Innovation, sustainability, and creative design are at the heart of our future projects.'Royal Development Holding aims to position itself as a forward-thinking player in the boutique development space. As of March 21, 2025, ESG reported total assets of Dh3.68 billion, reinforcing its robust foundation for expansion both within the UAE and globally. It is a listed company at the Abu Dhabi Securities Exchange, with a market cap of Dh2.75 billion. Source: Aletihad - Abu Dhabi
The National
09-04-2025
- Business
- The National
My Own Home: Feng shui expert loves living in Dh2.75m, Vastu-compliant Dubai Marina apartment
My Own Home takes you inside a reader-owned property to ask how much they paid, why they decided to buy and what they have done with it since moving in Kanupriya Saraf wears many hats in her career, which encompasses life mentoring and astrology, but her work as a feng shui and Vastu consultant was a guiding force when choosing the home she'd live in. She moved to Dubai from India two years ago and bought her first property here last May. She chose a two-bedroom apartment in Dubai Marina, which she got for Dh2.75 million, and where she now lives with her one-and-a-half-year-old Maltipoo puppy and a house helper. Everything from the style of the building's reception to the communal lounge and her north-east-facing property has created a sense of 'Zen' for Ms Saraf, and she has no plans to move out any time soon. The National takes a look around. I put a lot of focus on the home and everything that goes inside its four walls. It's a two-bedroom flat, and there's also a maid's room. There are two bathrooms and one powder room. There is an open-style kitchen, which I put a glass door over because we Indians don't always want our cooking smell all inside the house. I'm generally sensitive to smells as well. I don't get a straight view of the Palm, but then it's on the 12th floor, so from the balcony I do get a small view of the water body of the Marina. I bought it in May 2024 for about Dh2.75 million. I do not know what it's worth now, but I have done a lot on renovation of the flat, so I don't bother checking its worth. I've changed the ceiling lighting. There was just one lamp in the centre of every room, but I put spotlights and LED lighting to enhance the mood. I also put some chandeliers around the house, and yellow lighting as there was white light everywhere. I changed the bathrooms, especially the wash basin and some of the tiling. I added the kitchen door, and I made more chests of drawers and cabinet storage in the kitchen. I added more storage in the maid's room. I also put something to circulate the air on top of the ceiling. That's very important for me with my work in the space of feng shui. I need to put the element of wind in the house, so it allows for the air circulation, especially in the hot environment. I wanted to balance the wind element with the water element of the Marina. There's a lot of wind if you stand on the balcony, if I open the doors, which is great. I also changed the wall colours and added knick-knacks here and there. I believe that if somebody does have the finances in hand, it makes sense to buy a property. You get the visa when you buy a property and if you're looking to stay here, it just makes sense. If somebody does decide to leave, they can always rent it, so I know that even if I ever left Dubai, I can always come back. I will always have some friends living here. I believe a home is something that is owned by me. Even from the Vastu and feng shui concept, a home is a very safe space for me, so I find that safety when I own that property myself and I can decorate it as I please. I like to create a Zen space in the house. I keep my walls and my curtains white, very minimalistic or ivory beige, or a very light brown colour, and then I complement it with a touch of orange colours. The orange represents joy and creativity. In my living room, I've used the orange colour in my cushions and I like to add natural elements as well, because I really like nature. I have some plants and the cushion covers have birds on them. The furniture will add the warmth, add the wood element with the brown colour. It's not very bright, but it's a very aesthetically pleasing environment, very peaceful, very Zen, very serene, but also very luxurious and very classy at the same time. In my bedroom, the bed is a very nice blue colour, and then everything else is white, and the chandelier and the fans are golden. So it's a combination of white, which represents purity, gold represents luxury and the blue is just adding a touch of colour. I mix these concepts in the house throughout. The building is excellent. I got the north-east-facing flat, which is very feng shui and Vastu-compliant. I check all the geometries and the energy, not just of the flat, but even the building. There's a beautiful reception and the facility management staff in the building are very helpful, very professional. There's a walking track in the building, there's a swimming pool, there's a gym, there's a steam room and sauna. There is a kids' play area. There is also a lounge if I want to host a small event, which can accommodate easily up to 25 people. It has free guest parking available. There's also a concierge service. I have had residency in Dubai for the last eight years and one of my family members used to have a home in the Marina, so I used to be in and out of the area a lot. But then, when I finally decided to make the UAE my home, I was exploring flats in Marina, JLT, JBR, Palm Jumeirah and Dubai Hills. I was sure that I was looking for a flat. Because I live by myself, I wasn't so open to a town house and I needed a bigger budget for that. The building is so strategically located that you enter and exit the Marina from where I am, so you never get stuck in traffic. It's also a 1,650-square-foot flat. If I compare it to Dubai Hills, I would have to pay a lot more there, and for me, size was important. Generally, the Marina is a more well-established community and I wanted to be around people who have been in Dubai for a longer time. I would definitely keep this property longer term and whenever I get married, I would move out into a bigger place, but I plan to keep this property until that happens. I don't want to sell it. I would rent it out, but if I do rent it out it would be to a family that values it because of its Vastu compliance. It's almost like a five-star accommodation in the middle of the Marina.
Khaleej Times
18-03-2025
- Business
- Khaleej Times
Dubai: Gold prices touch new highs in early trade.
Gold prices rose to a new record high in Dubai on Tuesday, as precious metal crossed $3,015 per ounce. At 9am, 24K was trading at Dh362.75 per gram, up Dh2.75 per gram from the previous close. Similarly, 22K rose to Dh336.0, 21K to Dh322.0 and 18K to Dh276.0 per gram. Spot gold was trading at $3,011.58 per ounce, up 0.46 per cent, at 9.10am. It crossed $3,015 per ounce earlier in the day as tariff uncertainty fueled the safe-haven metal's demand. Vijay Valecha, chief investment officer at Century Financial, said the ongoing tariff uncertainties have set off the demand for safe-haven assets, and the trend is expected to continue. 'This week also beholds the US Federal Reserve's meeting, in which the comments of Fed Chair Jerome Powell will be of focus as market participants try to gauge the interest rate outlook sentiment. With regards to the interest rate decision, according to CME's Fed watch tool, there is a 99 per cent probability that the interest rates will remain at current levels,' said Valecha. Inki Cho, financial markets strategist consultant at Exness, said the gold market could see some corrections, but geopolitical and economic uncertainties may continue to provide support. 'In this regard, rising tensions in the Middle East could sustain demand for gold,' said Cho.
Khaleej Times
05-02-2025
- Business
- Khaleej Times
Dubai gold prices jump to a new all-time high
The gold rally continued as prices jumped nearly Dh3 per gram to a new all-time high at the opening of the markets in Dubai on Wednesday. At 9am UAE time, 24K rose Dh1.50 to Dh344 per gram while 22K opened higher at Dh320.25 per gram, up Dh2.75 per gram. Among the other variants, 21K and 18K were trading higher at Dh307 and Dh263 per gram, respectively. Globally, gold was trading at a record $2,854.86 per ounce, up 0.43 per cent, due to fears of a new trade war between the US and China after Beijing slapped tariffs on US imports in response to new US duties on Chinese goods. Rania Gule, senior market analyst at said concerns about the potential economic fallout from the tariffs imposed by US President Donald Trump provide strong support for gold as a safe-haven asset. 'In this context, the key question remains: Can gold break its record highs again, or will economic pressures force it to retreat? In my view, Trump's recent decision to suspend tariffs on Mexico and Canada after reaching an agreement on border security has boosted investor confidence in traditional financial markets, leading to a slight increase in risk appetite," she said. "This shift towards riskier assets pressures gold, reducing its appeal as a haven. At the same time, I believe the Federal Reserve's more hawkish stance has helped drive US bond yields higher, supporting the dollar and adding further negative pressure on gold prices."
Gulf News
28-01-2025
- Entertainment
- Gulf News
Sky Force box office collection in India: Akshay Kumar, Veer Pahariya's film hits Dh40.8 million
Dubai: After recording its highest single-day earnings on Sunday, Akshay Kumar and Veer Pahariya's action drama Sky Force saw a significant decline in its box office performance on Monday. The film's domestic earnings plummeted by over 77%, with an estimated Dh2.75 million collected on its fourth day, a sharp drop from Sunday's impressive Dh12.32 million. This brings the film's total domestic nett collection to Dh30.14 million, while its worldwide gross stands at Dh35.64 million. However, producers Maddock Films have claimed higher figures, stating that the domestic nett has crossed Dh30.8 million, with the global gross reaching Dh40.87 million. These figures have not been independently verified by Gulf News. The movie has not released in the UAE. While Sky Force has performed better than many of Akshay Kumar's recent disappointments, it fell short of surpassing the first Monday earnings of Raksha Bandhan (Dh2.78 million), another box office underperformer in the actor's career. Sign up for the Daily Briefing Get the latest news and updates straight to your inbox
