Latest news with #Dh30
Al Etihad
3 days ago
- Business
- Al Etihad
Object 1 real estate development company contributes Dh30m to Life Endowment campaign to support patients with chronic diseases
30 May 2025 12:41 ABU DHABI (ALETIHAD)Object 1 Real Estate Development announced its contribution of Dh30 million to the Life Endowment campaign, launched by the Endowments and Minors Funds Authority (Awqaf Abu Dhabi), in support of chronic disease patients and People of Determination, under the slogan, With You For 1's contribution is part of a growing response by individuals and institutions to support the campaign, which aims to provide sustainable funding to aid chronic disease patients and People of Determination. It also aims to support the healthcare system and enhance its readiness to navigate future campaign seeks to establish an endowment, whose investments will cover the cost of treatment for chronic disease patients and People of Determination. Endowment funds will also be invested in enhancing healthcare services and ensure sustainable support and care to Maslennikov, CEO and Founder of Object 1, said: 'It is our duty to contribute to humanitarian causes. Through the Life Endowment campaign, we can contribute to helping people with chronic diseases and People of Determination access healthcare and overcome their physical and emotional challenges.'Object 1 Real Estate Development is proud to support the Life Endowment campaign, a powerful expression of human solidarity. Our Dh30 million contribution underscores our commitment to support national efforts aimed at enhancing community healthcare and providing sustainable care for chronic disease patients and People of Determination.'Object 1 is a real estate developer and part of the international TSZ Group, specialising in elegant, sustainable, and innovative developments. Object 1 has quickly established itself as a top-tier developer, delivering high-quality projects in key areas. With a focus on modern urban living and investor-friendly services, Object 1 continues to shape the region's skyline with cutting-edge design and functionality. The Life Endowment campaign in support of chronic disease patients has dedicated several channels to receive the contributions from individuals and institutions.
Al Etihad
6 days ago
- Automotive
- Al Etihad
Faraday Future to establish first regional facility in RAK with Dh30 million investment
27 May 2025 13:39 RAS AL KHAIMAH (ALETIHAD)Faraday Future (FF), a California-based global AI electric vehicle manufacturer, is launching its first operational base within the Middle East in Ras Al new facility—located in Al Hamra, Ras Al Khaimah Economic Zone (RAKEZ)—will span approximately 108,000 square feet and house an office, engineering workshop, and operational by an initial investment of Dh30 million, the project is expected to generate 200 direct jobs across engineering, logistics, operations, and customer set-up is part of the company's strategic global expansion, signalling a major step in regional EV transformation while reinforcing the emirate's position as a hub for advanced, sustainable mobility expansion will be spearheaded through Faraday X (FX)—FF's mass-market brand focused on delivering AIEVs with state-of-the-art luxury technology, aimed at making intelligent electric mobility accessible to everyone. The facility will serve as a strategic base to support operations across the GCC countries, with planned extensions into Europe and North Africa. "This facility represents a tangible start for both FF and FX in the region," said Matthias Aydt, Global Co-CEO of Faraday Future. "Ras Al Khaimah offers the right infrastructure, visionary leadership, and regional connectivity to support our goal of building an intelligent, sustainable mobility ecosystem. We are proud to build a facility that will not only serve as a gateway to the region but also has the potential to create up to 200 skilled jobs."RAKEZ played a critical role in enabling Faraday Future's seamless entry into the region, providing end-to-end support in infrastructure set-up, regulatory processes, and policy Group CEO Ramy Jallad said, "Faraday Future's entry is more than the launch of a facility—it marks the beginning of a bold new chapter in the region's mobility landscape. The company brings a powerful vision to the table, one that redefines the future of intelligent transportation."As the UAE accelerates toward its goal of having 50 percent of all new cars sold to be electric or hybrid by 2050, supported by government incentives such as free charging stations, reduced registration fees, and green mobility policies, the timing couldn't be more aligned. At RAKEZ, we are proud to be the springboard for their Middle East journey, and to support pioneers who are reshaping industries through innovation and sustainability." The project is currently under construction, with operations expected to commence in H2 2025. In the long term, FF aims to expand its regional R&D capabilities and build a localised supply chain ecosystem anchored in Ras Al Khaimah. Source: Aletihad - Abu Dhabi
Al Etihad
26-05-2025
- Business
- Al Etihad
Abu Dhabi apartment rents saw 10% YoY rise in Q1 2025: Asteco report
26 May 2025 08:15 A. SREENIVASA REDDY (ABU DHABI)Abu Dhabi's real estate market sustained its upward momentum in the first quarter of 2025, with average apartment rents climbing 10% year-on-year (YoY) and 4% quarter-on-quarter (QoQ), according to the latest market report from real estate consultancy report noted particularly robust growth in the high-end rental segment, where rates increased between 8% and 12%. The mid-tier market also recorded solid gains, with rents rising between 5% and 8%. 'This widespread positive performance, characterised by increasing rents and high occupancy, underscores the fundamental strength and consistency of demand within Abu Dhabi's residential sector,' Asteco said in the the rise in rentals, some low-end apartments remain relatively affordable on Abu Dhabi Island. In areas like Al Khalidiyah and Al Bateen, studio apartments are available for Dh25,000 to Dh35,000 annually, while one-bedroom units range from Dh28,000 to Dh45, Central Abu Dhabi and the Corniche, studios are priced between Dh30,000 and Dh35,000 per year, and one-bedroom apartments can be rented for Dh40,000 to Dh50,000 the healthy rental gains, supply continues to come online at a steady pace. In Q1 2025 alone, approximately 1,200 new residential units were delivered across developments including Jubail Island, Bloom Living – Cordoba Phase 1, Al Jurf Gardens in Ghantoot, Al Raha Beach and Rawdhat Abu Dhabi. The total number of new residential handovers for 2025 is expected to reach 5,500 units, concentrated in key investment zones such as Yas Island, Masdar City, Saadiyat Island and Al Reem to Asteco data sheet, 700 new apartment units and 500 villa units were completed in Abu Dhabi during the first quarter of 2025. This follows the completion of 2,850 apartments and 2,750 villas in 2024. By the end of 2025, total completions are projected to reach 4,000 apartments and 1,500 villas, reflecting a continued expansion in residential supply across the office sector is also gearing up for fresh supply, with the Quartz Tower on Yas Island set to be delivered in Q2, and other major projects like Shams Tower, The Link, and City Square in the pipeline for late 2025 into terms of sales, the market saw 8,700 residential transactions between March 2024 and March 2025. These included 4,100 off-plan deals and 4,600 sales of completed units, which comprised 3,250 apartments and 1,350 villas and townhouses. Notably, transactions for completed properties grew by 6% QoQ and surged 42% YoY reflecting strong demand from both investors and prices also showed a healthy upward trajectory. Apartment prices rose 4% on QoQ and 7% YoY, with high-demand areas seeing annual gains of over 15%. Villa prices increased by 4% QoQ and 8% YoY, with premium locations such as Saadiyat Island registering annual gains exceeding 15%.Asteco observed that 'well-located villas within prime communities continue to outperform the market average', underscoring the premium that buyers place on quality and launches performed strongly, with high absorption rates within weeks of release. 'This reflects sustained buyer confidence in the long-term value and appeal of new developments,' the report noted. Going forward, Asteco said that the Abu Dhabi real estate market remains 'well positioned for continued positive performance in the near to medium term'. Although new supply may moderate the pace of growth in rentals and values, overall market momentum is expected to remain intact, with further upside potential for both capital and rental values.
Express Tribune
21-05-2025
- Business
- Express Tribune
Top 10 govt jobs in Dubai for expats with up to Dh30,000 salary
Listen to article Dubai offers a range of government job opportunities for skilled expatriates, with monthly salaries reaching up to Dh30,000. From healthcare and IT to urban planning and education, these roles not only promise financial stability but also come with added benefits and long-term growth. Hiring activity in the United Arab Emirates surged in April, marking the sharpest job gains in 11 months, according to the latest Purchasing Managers' Index (PMI) data from S&P Global, Gulf News reported. The increase reflects a positive turn for jobseekers following a relatively slow period that lasted from late 2023 through early 2024. Rising workloads in the industrial and construction sectors largely drove the hiring boost. April's PMI remained steady at 54, signalling sustained expansion in business activity. Any reading above 50 indicates overall economic growth and health. Despite ongoing global uncertainties, businesses in the UAE remain optimistic about continued growth through mid-2025. Government jobs in UAE attract expatriates While most expatriates in the UAE are employed in the private sector, many aspire to transition into government roles, which are generally seen as more stable and offering better benefits. Though preference is often given to UAE nationals, several government institutions open positions to skilled expats in sectors such as healthcare, education, IT, urban planning, and social care. How to apply for government jobs in Dubai Job vacancies in Dubai's public sector are frequently posted by federal and local government departments. Federal roles often include performance-based incentives. Jobseekers can apply through the official Dubai Government portal — To register: Click 'My Profile' at the top of the homepage Select 'New User' and enter an email address and password Log in and upload digital copies of a resume, Emirates ID, passport, and educational certificates Complete personal information and browse job listings features a wide range of vacancies open to all nationalities, with some roles offering monthly salaries up to Dh30,000.
Gulf News
23-04-2025
- Entertainment
- Gulf News
Pakistani singer Atif Aslam to perform at Global Village in Dubai: Tickets and more
Dubai: Get ready, Dubai! Pakistani singing sensation Atif Aslam is making a highly anticipated return to Global Village this Sunday, April 27, for a night of soulful melodies and chart-topping hits. Known for his unforgettable voice and emotional depth, Atif will take over the Main Stage at 8:30 PM, treating fans to live renditions of beloved tracks like 'Tera Hone Laga Hoon,' 'Dil Diyan Gallan,' and 'Woh Lamhe.' This marks his third appearance at Global Village, and if past performances are anything to go by, it's bound to be an evening to remember. Best of all? The concert is included with your standard entry ticket—just Dh30—making this a must-attend event for music lovers across the city. With Season 29 of Global Village wrapping up on May 11, this concert is the perfect way to soak up the festival's vibrant atmosphere one last time. Whether you're going with friends, family, or flying solo, expect great music, electric energy, and plenty of singalongs.
