Latest news with #Dhs800
Time Out Abu Dhabi
15-05-2025
- Business
- Time Out Abu Dhabi
If you're looking to buy in Abu Dhabi this is everything you need to know
Thinking of getting your name on a title deed in the capital? You're not alone. People looking to buy in Abu Dhabi are multiplying, and the real estate market is in serious demand this year, with prices climbing thanks to limited supply, major infrastructure projects and a growing number of both local and global investors jumping on board. A new report from UAE-based brokerage Oia Properties has spotlighted the city's most promising neighbourhoods – and there's something for every kind of buyer, whether you're after the glitz of Yas Island or the eco-cred of Masdar City. So, which areas are the best places to buy in Abu Dhabi? Yas Island has long been a playground for thrill-seekers and leisure lovers and now it's adding another feather to its cap: Disney Theme Park Abu Dhabi. That alone would be enough to skyrocket interest, but combine it with the existing Ferrari World, Yas Marina Circuit and limited hotel availability and it's no surprise investors are snapping up properties for short-term rentals and impressive returns. Studios start at Dhs800,000, with prices averaging between Dhs1,500 to 2,100 per square foot and analysts give it a sky-high capital appreciation score of nine out of ten for 2025 and 2026. Just across the water, Al Reem Island is turning heads too. Thanks to Abu Dhabi Global Market (ADGM) expanding its jurisdiction, this urban island is now fully open to investors of all nationalities, making it an appealing option for expats and families. With studio apartments starting at Dhs700,000 and strong rental demand, it boasts a capital appreciation outlook of eight out of ten, helped along by Etihad Rail developments and waterfront living. Over on Hudayriyat Island, luxury meets lifestyle in one of the city's most exciting up-and-coming communities. With eye-catching projects like Surf Abu Dhabi and the region's largest velodrome already in motion, buyers are flocking to Modon's newest neighbourhood. Properties here start at Dhs2 million for a one-bedroom, with values expected to rise significantly over the next year. Al Raha Beach, meanwhile, continues to offer solid value in an already well-established neighbourhood. With its waterfront setting and mature infrastructure, it attracts a steady stream of international buyers. Studio apartments start around Dhs1 million and the resale market remains strong, with a respectable seven out of ten growth forecast. Saadiyat Island still reigns as the capital's most luxurious enclave. Home to the Louvre Abu Dhabi and soon welcoming new additions from luxury hospitality brands, it draws high-net-worth individuals from across the world. Studio prices start at Dhs1.3 million, with per-square-foot rates ranging from Dhs1,800 to a jaw-dropping Dhs3,400. Long-term investors looking for cultural cachet and solid growth can expect stable returns and a seven out of ten outlook. And it's not just the well-known districts making waves. Ghantoot is emerging from the shadows with the launch of 'Bayn' by ORA. Nestled between Abu Dhabi and Dubai, the beachfront villas and green community design are already generating a buzz. Three-bedroom townhouses here start at Dhs2.7 million. Al Reef is also coming into its own, with its transition from leasehold to freehold making it a smart, accessible choice for first-time buyers. Studio apartments go for Dhs500,000 to 600,000 and its location near the airport, Yas Island and Al Raha adds to the appeal. Credit: Supplied Then there's Masdar City, a magnet for sustainability-minded professionals. As home to the Masdar Freezone and over 1,000 companies, it's an ideal live-work-play hub. Studios start at Dhs1 million and buyers are drawn in by cutting-edge design and flexible payment plans. Al Shamkha is gaining popularity too, especially among UAE nationals. With the handover of Aldar's Fay Al Reeman project set for late 2025, this villa-heavy suburb offers space and affordability, with studios starting at Dhs400,000. Zayed City rounds out the list as a future-forward district already seeing action with the early handover of Cordoba (Bloom Living Phase 1). It's part of Abu Dhabi's Plan 2030 and comes with promising infrastructure and buyer-friendly payment options, with one-bedroom apartments starting at Dhs600,000. In short, if you're looking to buy in Abu Dhabi, now's the time to strike. From glam island homes to emerging suburban gems, 2025's property picks are as diverse as they are rewarding. More happening in Abu Dhabi Abu Dhabi hotels are getting facial recognition check-in tech This is so cool Unmissable things to do in May in Abu Dhabi It's gonna be May It's official: Abu Dhabi Comedy Season is returning for a second edition with some huge names Wow, look at this line-up The 2025 concert line-up in Abu Dhabi just keeps getting better and better So many big names coming to the capital
What's On
30-04-2025
- Entertainment
- What's On
Make a splash at WET Deck, your ultimate getaway
Sponsored: Your luxury pool escape… Looking for the ultimate daycation in Dubai? Head to WET Deck at W Dubai – The Palm, where sun, fun, and luxury come together. With a Day Pass offering stunning views, a refreshing pool, and delicious drinks, it's the perfect spot for both lively adults-only getaways and relaxed family days. Savour exceptional service and a stylish ambiance, all at incredible value. Choose between WET Deck, the playground just for adults to have some fun, where DJs spin fresh beats daily, or WET, the family-friendly pool and beach area perfect for a relaxed day in the sun with the little ones. With a fully redeemable day pass on food and beverages, guests can sip and savour from a delicious menu featuring mouth-watering eats like tempura prawns, asian beef salad or a banoffee sundae, and refreshing drinks, perhaps an ice-cold pint or a glass of champagne. For those wanting to turn up the luxury, WET Deck also offers a range of cabana experiences, including private cabanas complete with Jacuzzis for the ultimate poolside indulgence. It's relaxation, redefined. Prices: Day Pass: Dhs250 (weekdays), Dhs350 (weekends & public holidays) – fully redeemable on food and beverages. Luxury Cabanas: Starting from Dhs800 at WET Deck. Whether you're lounging by the pool, enjoying signature bites, or vibing to the daily DJ sets, WET Deck delivers a full day of entertainment and luxury. Every Tuesday, from 12pm to 4pm, the ladies get treated to a day especially for them. For only Dhs199 for ladies and Dhs299 for gents you'll get unlimited beverages and a dish from the weekly changing Ladies Day Menu, such as tuna poke bowl, or beetroot orange and quinoa salad. WET Deck, W Dubai – The Palm, daily, (adults only) Mon to Thurs, 10am to 7pm, Fri to Sun, 10am to 9pm, WET & Beach (family area) 8am to 7pm, Tel: (0) 4 245 5555, @wetdeckdubai Images: Supplied > Sign up for FREE to get exclusive updates that you are interested in
Time Out Dubai
29-04-2025
- Entertainment
- Time Out Dubai
O Beach Dubai in Dubai
A riot of colour and high-energy design, perfectly tuned to a legendary daytime party atmosphere, the shiny new O Beach understood the assignment. With signature high-energy pool parties and sun-soaked glamour with a distinctly luxe twist, you know you're in a good time. Initially launched in the Spanish island's San Antonio area, the hotspot is renowned for its bold orange hues and over-the-top live performances featuring carnival dancers and vibrant entertainers, all for a crowd that's always ready to party. The Dubai edition is all that and then some. Nestled on Dubai Marina's coastline with sublime views of both Ain Dubai and the Palm, Dubai's O Beach is newer, glossier and far more grown-up than its rebellious teenage cousin in Ibiza. (Credit: O Beach Dubai) Step inside, and the beach club's interiors are dominated by its iconic bright orange palette. The venue bursts with bold décor, oversized sun loungers and sleek white canopies that pop against the blue sky. The central 4,000 sq ft pool is the focal point, surrounded by VIP beds and cabanas that create a stylish yet sociable layout. Looking for that picture-perfect background? It's got that, with palm trees and vibrant backdrops for always-on, photo-ready moments. Although there is a designated dance floor, most of the shimmying happens in the pool or at the edge of the pristine beds and loungers (complete with the brand's signature tangerine towels). If all that sunshine has you feeling peckish, order from a selection of platters of crowd-pleasing poolside bites, including the likes of fresh sushi, loaded nachos and bang-bang chicken. They're all restaurant-worthy, despite being served on a tray poolside. Service is friendly enough, though you may find yourself chasing down a few things like cutlery and a top-up of grape. But once that's out of the way, you'll be very well looked after. Before you pack your pool tote, take note of the time. Head down early on the weekend, and you'll find an aptly buzzy welcome. Arrive late, though, and you may face a 20-minute wait to get in. (Credit: O Beach Dubai) While it's taken O Beach Dubai some time to cultivate that signature party atmosphere, it's now officially one of the vibiest weekend destinations for a pool party with your mates. The fact that beach clubgoers can access the destination for free by adding their name to the online guest list is a welcome addition – and a move that has helped amp up the hype. With a heady dose of glamour and a well-dressed crowd that's just the right amount of fun, O Beach Dubai is the perfect mix of classy and party. Whether you're there to sunbathe, dance or enjoy poolside bites, it needs to be on your weekly beach club rotation. Your assignment is to take it all in after it all. Free general entry (online guest list), Dhs100 general entry (including two free drinks), Dhs300 per couple for a double beach sunbed (fully redeemable), Dhs800 per couple for a double pool sunbed (fully redeemable).
Gulf Today
15-04-2025
- Automotive
- Gulf Today
Use of mobiles while driving behind serious accidents: Al Dhanhani
Traffic statistics showed that the use of mobile phones while driving was a major cause of serious accidents on the emirate's roads, Brigadier Saleh Mohammad Abdullah Al Dhanhani, Director of Traffic and Patrols Department at Fujairah Police, said, urging all drivers to avoid using their phones while driving to ensure traffic safety. Al Dhanhani said so during the department's launch of the second quarterly campaign, which would last for three months, in line with the Ministry of Interior's operational plan. The campaign aims to spread traffic awareness, embodying the strategic objective of enabling safe travel on roads with modern traffic systems, he said. It also aims at fostering positive behavior by highlighting the importance for drivers to take preventative measures when forced to use their phones while driving by stopping off the road to make urgent calls or using headphones and a phone holder, for instance, he added. Urging road users to abide by traffic laws and pay attention while driving, he pointed out that a fine of Dhs800 and four black points would be imposed on distracted drivers.
Gulf Today
11-03-2025
- Business
- Gulf Today
Tecom shareholders approve Dhs400 million cash dividend for H2
Tecom Group shareholders have approved the financial statements for the year that ended December 31st, 2024 as well as the recommendation by the Board of Directors to distribute a cash dividend of Dhs400 million (8 fils per share) for the second half of 2024, bringing total cash dividends to Dhs800 million (16 fils per share), in line with the approved dividend policy in place until the end of the first half of 2025. The announcement came during the Annual General Assembly Meeting, where shareholders re-elected the Board of Directors and approved the financial statements for the year that ended Dec.31st, 2024. Malek Al Malek, Chairman of Tecom Group, said, 'Tecom Group's strong performance through 2024 has allowed us to implement our strategic investments. This includes Dhs2.7 billion of investments to deliver sustainable growth as we continue to expand and contribute to Dubai's economic success whilst providing increased returns for our shareholders.' Tecom Group announced an 11 per cent year-on-year (YoY) increase in revenues to Dhs2.4 billion, with occupancy and retention rates of 94 per cent and 92 per cent, respectively. Full year net profits grew by 14 per cent YoY to Dhs1.2 billion with funds from operations (FFO) of Dhs1.6 billion, led by improved collections and income-generating assets' performance. Tecom Group announced last month a record Dhs2.4 billion in revenue, representing an 11 per cent year-on-year (YoY) increase, resulting in a 14 per cent YoY increase in net profit to Dhs1.2 billion for the financial year ended 31st December 2024 (FY 2024). The figures reflect the impact of the Group's strategy to further strengthen its core business proposition in Dubai through targeted portfolio expansion and increased operational efficiencies, as well as its robust occupancy and retention rates through 2024. The Board of Directors has proposed a dividend payment of Dhs400 million (8 fils per share) for the second half of 2024, subject to shareholders' approval at the upcoming Annual General Meeting on 10th March 2025, and in line with the dividend policy valid through the first half of 2025. The Board of Directors has also reviewed the interim cash dividend for the second half of 2025 which is expected to increase by 10 per cent. Malek Al Malek, Chairman of Tecom Group, said, 'Tecom Group's strong results in 2024 reaffirm our commitment to leveraging Dubai's robust economic fundamentals and contributing to its knowledge economy by attracting global companies and skilled talent across six key sectors.' 'The Dhs2.7 billion of investments announced through 2024 will further expand the Group's portfolio, enabling its continued sustainable growth and reinforcing its role as a strategic driver in Dubai's business sector. We are investing in Tecom Group's future while delivering exceptional financial results, carefully managing costs, and maintaining high levels of customer satisfaction.' Abdulla Belhoul, Chief Executive Officer of Tecom Group, said, 'Led by dynamic non-oil GDP growth, Dubai and the UAE are delivering sustained growth across the commercial real estate and the industrial sectors. 'Driven by robust asset performance, strong customer demand, prudent cost management, and increased customer satisfaction, Tecom Group delivered substantial growth across revenue, Ebitda, and property valuation in 2024. Our success through 2024 is demonstrated in our strong share price performance, with a YoY increase of 15 per cent representing positive shareholder returns as well as the sustainable, long-term value of Tecom Group's proposition.' Revenue increased by 11 per cent YoY to more than Dhs2.4 billion, driven by a 5 per cent YoY rise in occupancy to 94 per cent, an impressive retention rate of 92 per cent, and higher rental rates. The fair value of the Group's Investment Properties (IP) portfolio, conducted by CBRE, ascertained a fair value of Dhs28 billion as of 31st December 2024, representing a like-for-like increase of 11 per cent compared to 2023 levels and a YoY increase of 22 per cent, including new acquisitions during the year. In Q4 2024, revenue increased 11 per cent YoY to Dhs643 million, while Ebitda grew by 9 per cent compared to FY 2023, reaching Dhs458 million, with an Ebitda margin of 71 per cent. Tecom Group earlier announced its financial results for the second quarter (Q2) and first half (H1) of the year ending June 30th, 2024. The Group's H1 net profit grew by 24 per cent to Dhs603 million, with revenues rising 9 per cent year-on-year (YoY) to reach Dhs1.1 billion. The performance follows solid results reported in the first quarter of the year and reaffirms Tecom Group's role in enabling Dubai's knowledge-based economy by attracting global and regional companies across six vital sectors to its ten specialised business districts. For H1 2024, outstanding topline growth contributed to a 9 per cent YoY surge in Ebitda, which reached Dhs896 million.
