Latest news with #AED
Web Release
2 hours ago
- Automotive
- Web Release
Line Investments & Property Concludes UAE's Biggest Summer Shopping Carnival with Exciting Car Giveaways
Line Investments & Property SP LLC, the shopping mall development and management arm of Lulu International Holdings Ltd, has successfully concluded the much-anticipated Summer Shopping Carnival, a dynamic month-long festival that transformed the retail experience across 12 malls in Abu Dhabi, Al Ain, and Al Dhafra. The Summer Shopping Carnival offered visitors 31 days of exclusive promotions, global-themed experiences, cultural activations, live entertainment, and the chance to win exceptional prizes. Shoppers who spent AED 200 or more had the opportunity to enter two types of draws: a digital raffle draw to win brand-new Chevrolet Spark EUV vehicles presented by Bin Hamoodah Auto, and a physical raffle draw to win all-inclusive travel packages from Nex World Travel and Tourism LLC. These exciting prize opportunities added another layer of engagement and anticipation to the festival experience. Throughout the campaign, each participating mall brought unique cultural celebrations to life. Al Wahda Mall, Al Raha Mall, and Mushrif Mall highlighted vibrant European festivals, while Al Foah Mall and Al Falah Central Mall celebrated the rich heritage of the UAE and GCC. Khalidiyah Mall presented an immersive Egyptian theme, and Madinat Zayed Shopping Centre showcased colorful Chinese traditions. Forsan Central Mall and Barrari Outlet Mall brought to life the spirit of Middle Eastern culture, while Mazyad Mall and Al Dhafra Mall offered a captivating blend of Asian and Middle Eastern experiences. Shawamekh Central Mall also participated in the campaign. The initiative underscored the company's commitment to creating immersive experiences that connect communities and celebrate diversity. The highlight of the carnival was the announcement of the winners of the coveted Chevrolet Spark EUVs. Over four weeks of draws, Ahammed Paramban, Ayisha Ali, Sayed Kamaluddin, Mahmoud, and Ahmed Farouk Mohammed Ahmed were among the lucky shoppers whose visits turned into life-changing moments as they won brand-new vehicles. Commenting on the success of the campaign, Wajeb Al Khoury, Director of Line Investments & Property, stated, 'The Summer Shopping Carnival has once again demonstrated our dedication to delivering vibrant, rewarding experiences that bring people together. We are proud to see the excitement and joy this initiative has created, not only for our winners but for all the visitors who joined us to celebrate culture, community, and innovation.' Biju George, General Manager of Line Investments & Property, added, 'The response to the Summer Shopping Carnival has been truly inspiring. Our vision was to create a destination where families could enjoy rewarding experiences beyond traditional retail, and the overwhelming participation shows how much our communities value these shared moments. We look forward to continuing to elevate the shopping journey across all our malls.' Ayman Al Bijawi, Director of Sales & Marketing at Bin Hamoodah Auto said, 'Partnering with Line Investments & Property on this landmark campaign has been a fantastic opportunity to showcase the Chevrolet Spark EUV and connect with customers in meaningful ways. Seeing the excitement on the winners' faces as they received their new vehicles was a powerful reminder of the impact such initiatives can have.' Mohammed Yahya, Chairman of Nex World Travel and Tourism LLC, said: 'This partnership with Line Investments & Property has provided exceptional exposure to thousands of potential customers throughout their extensive mall network. We're thrilled to offer these international travel packages to destinations worldwide, and seeing the excitement of winners heading off to amazing locations has been incredibly rewarding.' The Summer Shopping Carnival reflects Line Investments & Property's vision to redefine the shopping centre experience through experiential retail and strategic collaborations, setting a benchmark for engaging and value-driven campaigns in the region.
Time Business News
4 hours ago
- Business
- Time Business News
Why Dubai is the Top Destination for Wealthy Investors in 2025
In 2025, Dubai has become the top destination for wealthy individuals and investors who are looking to protect their wealth, expand their global mobility, and have a solid backup plan. Here's why Dubai, along with its famous Golden Visa program, is drawing so many investors from around the world. Wealth Migration : A report predicts that Dubai will attract 9,800 millionaires this year, the highest of any place in the world. Meanwhile, other countries, like the UK, are seeing wealthy people leave due to high taxes and political uncertainty. Many are moving to Dubai, where taxes are much friendlier. : A report predicts that Dubai will attract 9,800 millionaires this year, the highest of any place in the world. Meanwhile, other countries, like the UK, are seeing wealthy people leave due to high taxes and political uncertainty. Many are moving to Dubai, where taxes are much friendlier. Financial Growth: The Dubai Financial Market (DFM) index has recently risen by about 1.6%, showing that investor confidence is growing. The real estate market is booming, with luxury property sales reaching over $10 billion in 2024. This means Dubai is an ideal place for those who want to see their investments grow. Luxury Homes : In 2025, Dubai's real estate market is experiencing a boom. Many luxury homes are selling for more than $10 million, with residential prices going up by around 5.6%. Investors are getting great returns, with rental yields between 5-9% in popular areas like Palm Jumeirah, Marina, and Downtown. : In 2025, Dubai's real estate market is experiencing a boom. Many luxury homes are selling for more than $10 million, with residential prices going up by around 5.6%. Investors are getting great returns, with rental yields between 5-9% in popular areas like Palm Jumeirah, Marina, and Downtown. Affordable Luxury: Compared to cities like New York and London, Dubai offers better value for money. For $1 million, you get three times more space than in these other cities. This makes it an even more appealing choice for high-net-worth individuals. One of Dubai's main attractions is its Golden Visa program, which offers: Residency Benefits : If you invest in property worth AED 2 million (around USD 550k), you can get a 10-year visa. There's also a shorter 2-year option for investments of AED 750k. : If you invest in property worth AED 2 million (around USD 550k), you can get a 10-year visa. There's also a shorter 2-year option for investments of AED 750k. 100% Ownership : Dubai allows you to own property in freehold zones without paying taxes on rental income or capital gains. This is a huge draw for global investors and business owners. : Dubai allows you to own property in freehold zones without paying taxes on rental income or capital gains. This is a huge draw for global investors and business owners. Family Sponsorship: The visa also includes family sponsorship, so you can easily bring your spouse, children, and other dependents along with you. With the world becoming more unpredictable, Dubai offers a safe and stable environment for investors: Tax-Free Living : Dubai offers zero personal and capital gains taxes, making it a haven for those looking to protect their wealth. : Dubai offers zero personal and capital gains taxes, making it a haven for those looking to protect their wealth. Political Stability : The UAE has a reputation for steady policies that provide a secure environment for long-term planning. : The UAE has a reputation for steady policies that provide a secure environment for long-term planning. Strategic Location : Positioned between Europe and Asia, Dubai is a central hub for international travel and business. : Positioned between Europe and Asia, Dubai is a central hub for international travel and business. Top-Notch Quality of Life: Dubai offers world-class healthcare, education, and safety, making it an attractive destination for families and entrepreneurs alike. Dubai isn't just about making money, it's also about living in style: Mega Developments : Dubai is constantly upgrading its infrastructure, including projects like the Emirates Towers Residences, which offer luxurious living with top-tier amenities like sky terraces and infinity pools. : Dubai is constantly upgrading its infrastructure, including projects like the Emirates Towers Residences, which offer luxurious living with top-tier amenities like sky terraces and infinity pools. Investments in the Future: Ongoing projects like new metro lines and the Blue Metro are making Dubai an even more desirable place to live and work. If you're thinking about relocating or investing in Dubai, here's a simple step-by-step guide: Choose Your Investment: Start with AED 750k for a 2-year visa or AED 2 million for a 10-year visa. Pick the Right Property: Look for prime locations like Palm Jumeirah, Marina, or Downtown, which offer high returns. Do Your Research: Make sure to check the developer's track record and market trends before making a purchase. Apply for the Visa: Once you've secured property, submit the necessary paperwork and wait for your visa. Start Living the Dubai Dream: Enjoy a tax-free life, global mobility, and a luxury lifestyle. In 2025, Dubai is much more than just a place to invest, it's a full-fledged wealth strategy. With tax advantages, a strong real estate market, long-term residency options, and a high quality of life, it's the perfect place for anyone looking to protect and grow their wealth. Whether you're a business owner, investor, or family looking for a better future, Dubai offers everything you need to build a stable, prosperous life. TIME BUSINESS NEWS
Mid East Info
4 hours ago
- Business
- Mid East Info
Binghatti partners with Dubai Land Department and the Dubai Department of Economy and Tourism to prioritise access for First-Time Home Buyers
Binghatti to allocate 10% of newly launched and existing units under AED 5 million to first-time buyers The Company is also offering a wide range of discounts and incentives to eligible participants Dubai, UAE,July 2025- Binghatti Holding Ltd ('Binghatti Holding'), one of the UAE's leading luxury real estate developers, will participate in the newly launched First-Time Home Buyer (FTHB) Programme, a strategic initiative launched by Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) to enable Emiratis and UAE expats to become homeowners for the first time in 2025. As one of 13 leading property developers selected to support the FTHB Programme, Binghatti will allocate a minimum of 10% of its newly launched and existing residential units, priced under AED 5 million, exclusively for first-time buyers, underscoring the company's commitment to enhancing accessibility to homeownership for residents across all income levels and reinforcing Dubai's vision of inclusive and sustainable urban development. To ensure early access for eligible participants, the units Binghatti will allocate to the FTHB Programme will be made available ahead of public launches. In addition to prioritised access, Binghatti will offer exclusive discounts on selected properties to first-time buyers, with enhanced incentives tailored for Emiratis and expats, as well as discounted administrative service fees. Katralnada BinGhatti, CEO of Binghatti Holding Ltd., commented: 'We are honoured to be part of Dubai Land Department and the Dubai Department of Economy and Tourism's visionary initiative, one that aligns perfectly with our mission to expand real estate ownership in Dubai. The financial benefits that Binghatti is offering eligible first-time home buyers under the First-Time Home Buyer Programme are designed to make the dream of owning a home in Dubai more attainable for a broader segment of the population. By prioritising first-time buyers, we are not only contributing to the growth of the real estate sector and supporting the Dubai Economic Agenda, D33, ambition of reaching AED 1 trillion in real estate transactions, but also helping to build stronger, more sustainable communities.' The FTHB Programme comes at a pivotal time for Dubai's real estate market. In the first quarter of 2025, the Dubai Land Department reported a 29% year-on-year increase in total transaction value, reaching AED 114 billion. The volume of property sales grew by 23%, with a notable 65% surge in villa and townhouse transactions, reflecting a growing shift from renting to owning. The programme is open to all UAE residents, both nationals and expatriates, who are residents of the UAE and are purchasing their first freehold residential property under AED 5 million. Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Binghatti's flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co. and have attracted celebrity clients including football star Neymar Junior and the opera star Andrea Bocelli. In May, Binghatti launched 'Aquarise Residences by Binghatti' in Business Bay in Dubai, featuring over 1,500 units spread across 232,300 square feet. The company also announced in May that it had acquired freehold land with over 8 million square feet of gross floor area, with an anticipated total development value of over AED 25 billion. The land is in Nad Al Sheba 1, in the heart of Dubai's sought-after Meydan district, and is set to be used for what would be the company's first large-scale master-planned residential community in the Emirate. About Binghatti Holding Ltd.: Binghatti Holding Ltd. is a renowned Emirati brand in the real estate development sector, holding a leading position with a portfolio exceeding 80 projects valued at over AED 50 billion. Binghatti Holding is led by Chairman Muhammad BinGhatti, whose innovative vision aims to deliver luxurious projects that reflect refined artistic taste and high standards in design and quality. Binghatti Holding has successfully delivered over 11,600 residential units over the past 18 months, achieving remarkable milestones in collaboration with global brands such as Bugatti, Mercedes-Benz, and Jacob & Co. Binghatti Holding continues to expand its real estate portfolio to meet the growing market demands, focusing on delivering residential projects that elevate the level of luxury in Dubai.
Mid East Info
4 hours ago
- Automotive
- Mid East Info
Line Investments & Property Concludes UAE's Biggest Summer Shopping Carnival with Exciting Car Giveaways - Middle East Business News and Information
Abu Dhabi, UAE: Line Investments & Property SP LLC, the shopping mall development and management arm of Lulu International Holdings Ltd, has successfully concluded the much-anticipated Summer Shopping Carnival, a dynamic month-long festival that transformed the retail experience across 12 malls in Abu Dhabi, Al Ain, and Al Dhafra. The Summer Shopping Carnival offered visitors 31 days of exclusive promotions, global-themed experiences, cultural activations, live entertainment, and the chance to win exceptional prizes. Shoppers who spent AED 200 or more had the opportunity to enter two types of draws: a digital raffle draw to win brand-new Chevrolet Spark EUV vehicles presented by Bin Hamoodah Auto, and a physical raffle draw to win all-inclusive travel packages from Nex World Travel and Tourism LLC. These exciting prize opportunities added another layer of engagement and anticipation to the festival experience. Throughout the campaign, each participating mall brought unique cultural celebrations to life. Al Wahda Mall, Al Raha Mall, and Mushrif Mall highlighted vibrant European festivals, while Al Foah Mall and Al Falah Central Mall celebrated the rich heritage of the UAE and GCC. Khalidiyah Mall presented an immersive Egyptian theme, and Madinat Zayed Shopping Centre showcased colorful Chinese traditions. Forsan Central Mall and Barrari Outlet Mall brought to life the spirit of Middle Eastern culture, while Mazyad Mall and Al Dhafra Mall offered a captivating blend of Asian and Middle Eastern Central Mall also participated in the campaign. The initiative underscored the company's commitment to creating immersive experiences that connect communities and celebrate diversity. The highlight of the carnival was the announcement of the winners of the coveted Chevrolet Spark EUVs. Over four weeks of draws, Ahammed Paramban, Ayisha Ali, Sayed Kamaluddin, Mahmoud, and Ahmed Farouk Mohammed Ahmed were among the lucky shoppers whose visits turned into life-changing moments as they won brand-new vehicles. Commenting on the success of the campaign, Wajeb Al Khoury, Director of Line Investments & Property, stated, 'The Summer Shopping Carnival has once again demonstrated our dedication to delivering vibrant, rewarding experiences that bring people together. We are proud to see the excitement and joy this initiative has created, not only for our winners but for all the visitors who joined us to celebrate culture, community, and innovation.' Biju George, General Manager of Line Investments & Property, added, 'The response to the Summer Shopping Carnival has been truly inspiring. Our vision was to create a destination where families could enjoy rewarding experiences beyond traditional retail, and the overwhelming participation shows how much our communities value these shared moments. We look forward to continuing to elevate the shopping journey across all our malls.' Ayman Al Bijawi, Director of Sales & Marketing at Bin Hamoodah Auto said, 'Partnering with Line Investments & Property on this landmark campaign has been a fantastic opportunity to showcase the Chevrolet Spark EUV and connect with customers in meaningful ways. Seeing the excitement on the winners' faces as they received their new vehicles was a powerful reminder of the impact such initiatives can have.' Mohammed Yahya, Chairman of Nex World Travel and Tourism LLC, said: 'This partnership with Line Investments & Property has provided exceptional exposure to thousands of potential customers throughout their extensive mall network. We're thrilled to offer these international travel packages to destinations worldwide, and seeing the excitement of winners heading off to amazing locations has been incredibly rewarding.' The Summer Shopping Carnival reflects Line Investments & Property's vision to redefine the shopping centre experience through experiential retail and strategic collaborations, setting a benchmark for engaging and value-driven campaigns in the region. Media Backgrounder/Boilerplate: Line Investments & Property L.L.C Line Investments & Property L.L.C, the shopping mall development and management arm of the Abu Dhabi based Lulu International Holdings Ltd, oversees the operations of an impressive line-up of malls in the Middle East Countries & India. With extensive experience in retail business ventures across the GCC, the in-house manpower expertise takes projects from concepts stage, sourcing strategic locations, design and development, as well as marketing and operating the projects in their portfolio. As leaders in the shopping mall sector offering full 360-degree retail solutions, Line Investments & Property LLC overlooks malls in various countries with numerous new properties being planned in new cities and markets.
Mid East Info
4 hours ago
- Business
- Mid East Info
Azizi Developments signs MoU with DLD and DET to support First-Time Home Buyer Program - Middle East Business News and Information
The initiative eases UAE resident property ownership through exclusive pricing and simplified direct sales processes Dubai, UAE,July 2025: A zizi Developments, a leading private developer in the UAE, has announced the signing of a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET). This strategic collaboration supports the emirate's new First-Time Home Buyer Program – an initiative aimed at facilitating more accessible property ownership and expanding access to real estate investment across Dubai. The initiative aligns with the UAE's Year of Community, reinforcing shared responsibility and social cohesion. As part of this agreement, Azizi Developments will provide exclusive offers to first-time buyers through a dedicated platform managed by DLD and DET. Azizi Developments will channel direct sales to interested buyers at favorable prices, made possible by reallocating brokerage commission margins – further enhancing affordability and value. Mr. Mirwais Azizi, Founder & Chairman of Azizi Developments, said: 'We are pleased to partner with Dubai's leading government entities on this forward-thinking initiative that aligns with our mission to empower new buyers and contribute to Dubai's sustainable economic and urban development. By improving accessibility and introducing tailored pricing structures, we are helping to transform more residents into homeowners while supporting the growth of the real estate sector.' The programme aligns with the Dubai Real Estate Sector Strategy 2033, which seeks to double the real estate sector's GDP contribution to AED 73 billion and increase homeownership rates to 33%. By providing structured support to first-time buyers, the program reinforces investor confidence and economic resilience. Converting renters into homeowners boosts economic stability by encouraging long-term financial planning and asset-building. The official launch event for the First-Time Home Buyer Program took place on Wednesday, 2 July 2025, at the Dubai Land Department. The program is supported by a joint promotional campaign to drive awareness and engagement. Azizi Developments' Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road. About Azizi Developments: Azizi Developments is a leading developer based in Dubai, UAE. With more than 45,000 homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai's most sought-after residential and commercial destinations, its construction-driven approach, and its commitment to transparency and customer centricity. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalyzing the vision and development of the markets that it operates in. Azizi currently has around 150,000 units under construction, valued at several tens of billions of US dollars. The company is renowned for developing the world's second tallest skyscraper, Burj Azizi, as well as the master planned communities of Azizi Riviera, Azizi Venice, and Azizi Milan, among various other world-class projects across MBR City, Palm Jumeirah, Sheikh Zayed Road, Dubai Healthcare City, Dubai South, Dubailand, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
