Categories
Uncategorized

Cultural Visa opens horizons for creativity and excellence for talents across Dubai's cultural and creative industries – ZAWYA

The Authority contributed by approving certificates of accreditation for the cultural visa for creative and talented people in various fields of the cultural and creative industries
Supporting and empowering creative and talented citizens and residents and attracting global talents to come live and work in Dubai is a prominent pillar of Dubai Culture and Arts Authority’s strategic roadmap. The Authority pursues this pillar as part of its journey towards creating a stimulating infrastructure for cultural and creative industries, enabling a sustainable and prosperous ecosystem that supports Dubai’s economic growth and enhances its position as a global centre for culture, an incubator for creativity, and a thriving hub for talent as well as the global capital of the creative economy.
The Authority contributed by approving certificates of accreditation for the cultural visa for creative and talented people in various fields of the cultural and creative industries. Dubai Culture empowered them and opened horizons of creativity for them to contribute to the development of their capabilities and projects in an environment rich with integrated and high-level systems based on international best practices. This, in turn, enhances the contribution of the cultural and creative industries to the creative economy and Dubai’s GDP, thus achieving the objectives of the Dubai Creative Economy Strategy.
Today, we are highlighting the experience of a number of talents who had obtained a cultural visa and the impact it had on their professional and personal lives. We are also shedding light on the future prospects that became available to them upon being granted the cultural visa.
Esraa Ramadan said: “Receiving the cultural visa was a positive boom that encouraged me to double my efforts in creating a major impact through my art. It also helped me develop my skills and granted me access to different cultures and schools of thought. On a personal level, it granted me greater confidence by allowing me to rely on myself as a practising artist and graphic designer. Recently, I had the honour of participating in the Dialogue art exhibition at Al Owais Cultural Foundation with a series of my recent surreal oil paintings that highlight stories of Egyptian queens. I will continue this series soon along through upcoming new works.”
Ali Najm says: “The cultural visa changed many aspects of my life. When I was in my country, I was 27 years old, carrying the responsibilities of a 60-year-old. After moving to Dubai, I feel like I am 16 years old and can start over again to achieve my dreams. This opportunity allowed me to mingle with many diverse cultures, which gave me new experiences in my field of music. The cultural visa is an opportunity for all my talented friends because of its great advantages and its wonderful contribution to their careers. My next steps are to work on achieving my goals, forming my own band and organising cultural concerts across the UAE as a means of giving back to this country that embraced me.”
Karim Tamerji explained that the cultural visa enhanced his sense of appreciation as a creative and gave him a sense of responsibility to give back by supporting and promoting Dubai’s creative industry. It also allowed him to plan for the long term, adding: “Due to the various opportunities presented to me, I was able to challenge and explore my craft in a different medium and scope, opening up other creative possibilities, which is why I recommended fellow artists to apply and obtain the cultural visa.”
“Since obtaining the visa, I have participated in many events, such as ‘Sikka Art and Design Festival’ and ‘Mother of the Nation Festival’ in Abu Dhabi. In addition to my work in mural and installation projects, I will participate in various upcoming events and focusing on exploring the metaverse.
Dolcy Semaan, in turn, spoke about the impact obtaining a cultural visa had on her career, saying: “The privilege of obtaining a cultural visa was one of the most memorable moments in my life. It is a source of inspiration that leads to better productivity and enhances my sense of community. The visa granted me freedom and access to various musical events that took place throughout the year without being restricted by a sponsor. In fact, Dubai has been a land of opportunity for many, and I personally have always imagined myself as one who would one day exercise my passion and leave a mark in this country. The cultural visa has become a passport to gaining access to more knowledge towards enhancing my skills. I am currently working on producing some commercials with many media agencies locally and internationally, and I am preparing to participate in a radio programme that addresses the professional and personal lives of singers and actors.”
Aleksei Afanasiev expressed his gratitude to Dubai Culture for this initiative, noting that the moment he received the approval letter, he felt as if he had won an Oscar, which, in his view, is the greatest appreciation for his contribution to Dubai’s art scene, adding: “Since getting the cultural visa, the greatest advantage was being able to continue my work independently. The cultural visa provided me with the opportunity to further grow and develop my career and share my knowledge and experiences with new upcoming regional cultural organisations. Last year was a pivotal moment for me, as I was able to consult cultural organisations, national pavilions at Expo 2020 Dubai, and new art spaces and galleries. Currently, I am working with an established international gallery to expand its market in the UAE. This is certainly a great opportunity for me to apply my knowledge and expertise, and I certainly look forward to further growth of the local art scene with more of such strong opportunities coming up.”
Through the experiences of the talents and the impact of obtaining a cultural visa on their professional careers, the level of support and effort that Dubai Culture is making to various creative and talented people to enhance their local and global presence is evident. This is also reflected in the visa’s impact on Dubai’s global position as a leading city in the creative industries, affirming the Authority’s role as a key player in the UAE’s soft power strategy as well as its commitment to providing local creative product and promoting it globally. This reinforces the emirate’s distinctive cultural identity as a modern, resilient city capable of facing all challenges.
-Ends-

© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

source

Categories
Uncategorized

Tier Mobility expands across 10 districts in Dubai – Gulf Business

Get daily business news from the region delivered straight to your inbox
Al Khawaneej, Business Bay, Dubai Internet City, Dubai Marina Promenade, Greens, Jumeirah Beach Cycle Track, and Palm Jumeirah are among the new districts
Tier, the shared micro-mobility provider, has increased its fleet in Dubai in response to the Road and Transport Authority’s (RTA) recent statement, introducing its e-scooters in an additional 10 Dubai districts.
Al Khawaneej, Business Bay, Dubai Internet City, Dubai Marina Promenade, Greens, Jumeirah Beach Cycle Track, and Palm Jumeirah are among the districts.
The e-scooters solely consist of the latest, most advanced model, the Tier 5, with safety features such as three independent brakes, gripping grips, broad big tires, in-app navigation, and a bright light. Tier has also equipped its current model with signal indicators that provide 360° visibility, making it the first e-scooter in the Middle East with this capability.
Tier has progressed significantly from its initial launch in Dubai, entering the market as the first provider to use swappable battery technology, thus setting and leading industry standards for sustainability. The company has also set major collaborative milestones in its journey in Dubai. In 2021, Tier had announced its partnership with the e-commerce platform, Noon.com, where all Noon VIP customers were given free minutes to use Tier, encouraging customers to switch to a sustainable method of transportation.
The micro-mobility provider then furthered their collaborations, by partnering with Talabat, the region’s online food and e-commerce delivery platform, becoming the first company to launch e-scooter delivery at Expo 2020. The e-scooters were provided for staff members to get around the Expo 2020 site to deliver food and beverage orders with an environmentally-friendly and efficient method of transportation.
Tier’s first launch in Dubai witnessed e-scooters used predominantly in areas such as Downtown and JLT and has since welcomed the rapid expansion across the remaining areas within the region.
Read: Tier begins e-scooter service in Dubai after getting RTA nod
In line with the vision to further provide a larger audience in Dubai with an environmentally-friendly transport method, Amir Melad, general manager, Middle East of Tier, commented, “We look forward to further expanding our fleet in Dubai, the expansion was made possible thanks to our partnership with RTA, allowing us to further provide residents in Dubai with our sustainable transport method. This move has further established our position in the Middle East market as we continue our rapid growth. We also found that more than 20 per cent of Tier’s trips served as a first and last-mile connection to Dubai metro stations and we will continue to work on providing our services at a wider scale with the addition of new areas to meet this demand.”
Read: Tier Mobility launches e-bikes in the Middle East
© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

source

Categories
Uncategorized

UAE jobs: Emirates begins 6-week recruitment drive – Khaleej Times

Wednesday, May 25, 2022 | Shawwal 24, 1443
Published: Tue 17 May 2022, 11:03 AM
Last updated: Tue 17 May 2022, 11:08 AM
Emirates is now hiring people from 30 cities across the globe until June 2022.
In this latest drive, Emirates’ teams will travel from Australia to the UK. They will also visit dozens of European cities, as well as Cairo, Algiers, Tunis and Bahrain.
Abdulaziz Al Ali, Emirates Group’s Executive Vice President for Human Resources said: “There’s no more exciting airline than Emirates for anyone interested in a flying career, and we’ve received tremendous interest since we began our recruitment drive for cabin crew in November.
“While parts of the application process are done online, we always make the effort to meet our candidates in person whenever we can, and that is why our Talent Acquisition team is doing a whirlwind 30-city tour over the next 6 weeks to assess prospective candidates.”
All Emirates crew are based in Dubai, with company-provided accommodation, tax-free salary and more benefits.
Those who are interested can read more about the Emirates cabin crew role, and apply online at: https://www.emiratesgroupcareers.com/cabin-crew/
ALSO READ:
Jobs
The country aims to attract 100,000 coders to the country by the end of 2022 as part of the National Programme for Coders
Jobs2 months ago
Jobs
He also advised Pakistanis to be vigilant, as there are several agents who try to lure people with fake jobs
Jobs2 months ago
Jobs
The full-time mid-career level job is open for both male and female candidates.
Jobs2 months ago
Jobs
Mercer study finds women to be leading human resource functions in the UAE with 53% in managerial roles and 49% in executive positions.
Jobs2 months ago
Jobs
'Many organisations are hiring young talent to ease the labour shortage'
Jobs2 months ago
Jobs
It is the first of its kind in the region that provides employees with a number of financial benefits.
Jobs2 months ago
Jobs
Last year, all non-government offices hiring domestic workers across the country were shut down.
Jobs2 months ago
Jobs
The board also approved an amendment to the bank’s notifications regarding maximum fee limits imposed on licensed financial institutions
Jobs2 months ago

source

Categories
Uncategorized

Bulgari and Dubai Culture announce winner of first Bulgari Contemporary Art Award – ZAWYA

The Chairperson of Dubai Culture and Arts Authority attended the award ceremony held at the Italy Pavilion at Expo 2020 Dubai
Rome, Italy: In the presence of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council, Bulgari, the leading Italian brand in the world of jewellery and luxury, and in partnership with Dubai Culture, announced the winner of the first edition of the Bulgari Contemporary Art Award during a ceremony held at the Italy Pavilion at Expo 2020 Dubai. The winner was chosen from a shortlist of three art pieces selected by the award’s jury.
The ceremony was attended by His Excellency Giuseppe Finocchiaro, Consul-General, Italian Consulate (Dubai); Paolo Glisenti, Italy’s Commissioner General for Expo 2020 Dubai; Jean Christophe Babin, Group CEO of Bulgari; Lucia Boscaini, Brand Curator at Bulgari; Her Excellency Hala Badri, Director General of Dubai Culture; and Dr Saeed Mubarak bin Kharbash, CEO of the Arts and Literature Sector at Dubai Culture.
A panel of three experts — Giuseppe Moscatello, Nujoom Alghanem and Patricia Millns FRSA — visited the exhibition held from 3 to 8 February at the Van de Goudenberg Art Gallery in the Dubai International Financial Centre to celebrate the participating works. Among the 15 artworks, the committee shortlisted three artists: Juma AlHaj (UAE), Dubai-based Kamal Alzubi (Jordan), and Dubai-based artist Nima Nabavi (Iranian-American), who the jury selected for the winning artwork.
Nima Nabavi received a trophy that celebrates the aesthetic and cultural dialogue between Rome and Dubai by combining a silhouette inspired by Bulgari’s iconic doorways and storefronts with architectural ornaments inspired from Dubai’s Al Fahidi and Al Shindagha Historical Neighbourhoods. The trophy was designed by Emirati designer Kamla AlOlama and produced by Asateer, an Emirati studio founded by Mohammed AlSuwaidi specialising in contemporary products that reflect the rich Emirati heritage.
The trophy uses materials with great cultural significance, a frame fabricated from the rich woods of the UAE’s national tree, Al Ghaf, an emblem of heritage and perseverance. The design also incorporates native mother-of-pearl inlaid motifs and brass.
Nima Nabavi expressed his happiness at winning the award and thanked Bulgari and Dubai Culture for giving him the opportunity to share his artistic vision. He also extended his gratitude to the experts and jury for selecting his work for the award.
The winning artwork was exhibited at the Italy Pavilion in Expo 2020. The artist was also offered the opportunity to experience Rome through the eyes of Bulgari as part of a week-long journey through the brand’s universe. He will experience the beauty of Bulgari’s colourful gems and visit the DomvsAvrea museum space in the Maison’s flagship store in Rome as well as attend workshops with Bulgari designers and exclusive tours of historical sites and cultural locations particularly linked with Bulgari’s patronage, initiatives and inspiration. In addition, the winning piece will be exhibited at venues associated with Dubai Culture and Bulgari, according to a pre-defined schedule.
Launched in July 2021, the Bulgari Contemporary Art Award opened the door for UAE national and resident artists to submit artworks under the theme ‘Beauty Connects People’ that had them creatively express how beauty connects people and how cities like Dubai and Rome are linked by their inspirational beauty and innovation.
-Ends-
*Source: AETOSWire
Contacts:
Antoine Boghos
Email address: [email protected]

© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

source

Categories
Uncategorized

TIER mobility has further expanded its fleet in Dubai, UAE – ZAWYA

RTA has announced the operation of E-Scooters in 10 Dubai Districts from Q1 2022
Dubai, United Arab Emirates: TIER, the world's largest shared micro-mobility provider, has expanded its fleet in Dubai in direct response to the recent announcement made by the Road and Transport Authority (RTA), with the introduction of its e-scooters in an additional 10 Dubai districts. The trial phase of TIER e-scooters proved successful as a suitable means for individuals commuting over short distances and first and last-mile trips with a customer satisfaction rating of 82% achieved during the pilot phase.
In the past year, TIER has seen an increasing demand for the use of e-scooters in Dubai, and shares the same vision and mission; to provide the UAE with access to reliable, safe, environmentally-friendly, and affordable transport. TIER will continue to support Dubai’s vision of becoming a futuristic, smart, and sustainable city and since launching under RTA’s pilot phase in October 2020, its scooters have traveled a total distance of more than 1.3 million kilometers and has helped save more than 18,500 kg of CO2. The recent update by RTA has allowed TIER to provide its e-scooters across 10 districts in Dubai, in high-demand areas including; Al Khawaneej, Business Bay, Dubai Internet City, Dubai Marina Promenade, Greens, Jumeirah Beach Cycle Track and Palm Jumeirah.
TIER has seen significant development since its initial launch in Dubai, entering the market as the first provider to use swappable battery technology, thus setting and leading industry standards for sustainability. The company has also set major collaborative milestones in its journey in Dubai. In the summer of 2021, TIER had announced its partnership with the e-commerce platform, Noon.com, where all Noon VIP customers were given free minutes to use TIER, encouraging customers to switch to a sustainable method of transportation. The micro-mobility provider then furthered their collaborations, by partnering with Talabat, the region’s leading online food and e-commerce delivery platform, becoming the first company to launch e-scooter delivery at Expo 2020. The e-scooters were provided for staff members to get around the EXPO 2020 site to deliver food and beverage orders with an environmentally-friendly and efficient method of transportation. TIER continues to expand its offerings in the UAE, establishing themselves as the leading micro-mobility provider in the region.
TIER’s first launch in Dubai witnessed e-scooters used predominantly in areas such as Downtown and JLT and has since welcomed the rapid expansion across the remaining areas within the region. In line with the vision to further provide a larger audience in Dubai with an environmentally-friendly transport method, Amir Melad, General Manager, Middle East of TIER, comments, “We look forward to further expanding our fleet in Dubai, the expansion was made possible thanks to our partnership with RTA, allowing us to further provide residents in Dubai with our sustainable transport method. This move has further established our position in the Middle East market as we continue our rapid growth. We also found that more than 20% of TIER's trips served as a first and last-mile connection to Dubai metro stations and we will continue to work on providing our services at a wider scale with the addition of new areas to meet this demand.”
The partnership between TIER and the RTA has been key to establishing its position in the market and has helped solidify TIER's commitment to ensuring a liveable and safe future for current, and future generations. The e-scooters solely consist of the latest, most advanced model, the TIER 5, which has state-of-the-art safety features including three independent brakes, grippy handlebars, wide large tires, in-app navigation, and a bright light. In addition, TIER has equipped its latest generation with signal indicators that offer 360° visibility, the only e-scooter that has this feature in the Middle East region. 
All residents and tourists can use TIER e-scooters simply by downloading the global app, which will allow them to use the service when traveling to any of the 20 countries where TIER is located. Upon downloading the app, users can search for a TIER e-scooter on the virtual map and unlock it by scanning the QR code. Riders can use TIER’s hassle-free virtual parking system to finish the journey by simply finding a designated safe parking location and pressing the ‘End Ride’ button.
-Ends-
About TIER Mobility
TIER Mobility is the world's leading shared micro-mobility provider, with a mission to Change Mobility for Good. By providing people with a range of shared, light electric vehicles, from e-scooters to e-bikes and e-mopeds, powered by a proprietary Energy Network, TIER helps cities reduce their dependence on cars. Founded in 2018 by Lawrence Leuschner, Matthias Laug, and Julian Blessin, TIER is headquartered in Berlin and currently operates in 210+ cities across 20 countries in Europe and the Middle East. With a focus on providing the safest, most equitable, and most sustainable mobility solution, TIER has been climate-neutral since 2020.
TIER’s investors include SoftBank Vision Fund 2, Mubadala Capital, Northzone, Goodwater Capital, and White Star Capital. For more information, visit www.tier.app.
Press contact – Middle East (Dubai)
Zoe Serras
Empyre Communications
E [email protected] 
Press Contact – International (Germany)
Florian Anders
Public Relations
E: [email protected]

© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

source

Categories
Uncategorized

UAE jobs: Sectors that offer the highest salaries revealed – Khaleej Times

Wednesday, May 25, 2022 | Shawwal 24, 1443
Published: Tue 19 Apr 2022, 1:44 PM
Last updated: Tue 19 Apr 2022, 10:51 PM
The number of UAE employees who want to change their industry is on the rise as they offer better career growth opportunities.
A new survey released by YouGov and Bayt.com revealed that 6 in 10 professionals in the UAE are considering an industry change in the next few months. Around half of them – 49 per cent – are citing better salary as the top reason for an industry change followed by better career growth at 46 per cent.
The survey found that hospitality, recreation and entertainment emerged as the most appealing sectors amongst those considering a change.
Zafar Shah, research director at YouGov said the findings will support future earners and employees as well as offer a glimpse of industries hiring fresh graduates so they can access meaningful employment and thrive in today’s job market.
It further revealed that around a quarter of UAE employees changed their jobs at least once in the past two years for higher salaries and better career growth opportunities, which were the top two reasons.
ALSO READ:
A recent survey released by Cooper Fitch revealed that 23 per cent of organisations will reduce the number of employees, whereas 59 per cent will reduce employee numbers by up to 10 per cent or more in 2022.
The Bayt.com survey, which was conducted online from February 9 to 28, 2022, found that job seekers are most interested in working in banking, finance, accounting, IT and advertising, marketing and public relations sectors.
“The survey provides the timely insights needed to orient Mena professionals towards opportunities as well as optimise recruiters’ hiring efforts. We find that technology-driven job creation is forecast to rise with IT/ Internet/ E-commerce expected to record the strongest growth in the coming year,” said Zafar Shah.
Around 19 per cent of respondents believe that government offers the best salary packages (inclusive of non-monetary benefits) after oil, gas and petrochemicals.
A recent report by Cooper Fitch predicted that salaries in the UAE will increase by three per cent in 2022.
“In light of pandemic-related disruptions in the past two years and the expected outlook for technology adoption, jobs and skills, the data helps to identify which industries are perceived to perform best to make professionals’ job search easier,” said Ola Haddad, director of human resources at Bayt.com.
The majority of respondents – 71 per cent – also believe that the government is a favourable employer, with 56 per cent claiming that it is an extremely favourable one.
[email protected]
Jobs
The country aims to attract 100,000 coders to the country by the end of 2022 as part of the National Programme for Coders
Jobs2 months ago
Jobs
He also advised Pakistanis to be vigilant, as there are several agents who try to lure people with fake jobs
Jobs2 months ago
Jobs
The full-time mid-career level job is open for both male and female candidates.
Jobs2 months ago
Jobs
Mercer study finds women to be leading human resource functions in the UAE with 53% in managerial roles and 49% in executive positions.
Jobs2 months ago
Jobs
'Many organisations are hiring young talent to ease the labour shortage'
Jobs2 months ago
Jobs
It is the first of its kind in the region that provides employees with a number of financial benefits.
Jobs2 months ago
Jobs
Last year, all non-government offices hiring domestic workers across the country were shut down.
Jobs2 months ago
Jobs
The board also approved an amendment to the bank’s notifications regarding maximum fee limits imposed on licensed financial institutions
Jobs2 months ago

source

Categories
Uncategorized

See Mickey and Minnie live at Disney at Expo 2020 Dubai – Time Out Abu Dhabi

See Mickey and Minnie live at Disney at Expo 2020 Dubai  Time Out Abu Dhabi
source

Categories
Uncategorized

Asteco Q1 2022 real estate report: UAE market robust and positive – ZAWYA

Approximately 3,800 residential units were delivered in Q1 2022, spread across different areas of Abu Dhabi including Al Raha Beach, Al Reem Island, Yas Island and Saadiyat Island and several other residential areas
Abu Dhabi: – The Q1 2022 UAE Real Estate Report, published by property management experts Asteco, reported that real estate market activity in Abu Dhabi and Dubai remained strong in the first three months of the year as a result of Government initiatives, economic growth and improved market sentiment.
Abu Dhabi Residential and Office Real Estate Market
Approximately 3,800 residential units were delivered in Q1 2022, spread across different areas of Abu Dhabi including Al Raha Beach, Al Reem Island, Yas Island and Saadiyat Island and several other residential areas. According to the report, numerous residential and mixed-use projects located within the Investment Zones are expected to start construction in 2022 and a large majority of Abu Dhabi developers are now considering developing new residential and mixed-use projects in different areas of Abu Dhabi as a result of the general positive market sentiment.
The villa rental market continued to achieve good levels of demand across the board, particularly for the well-developed villa communities on Saadiyat and Yas Islands. However, there are still some discrepancies in the apartment market with positive and negative rental growth for various buildings within communities and across different areas, depending on the building’s age and quality.
Average villa rental rates grew by 2% in Q1 2022, with some developments recording increases of close to 10%. Average annual increases stood at 5%. Office rental rates remained stable over the first quarter, with a marginal annual decline of 1% on average.
When it comes to sales prices, residential sales market activity continued on strong footing in the first three months of the year with high levels of demand for new off-plan villa projects, as well as completed villas, particularly within well-developed communities.
Sales prices for high quality villas on Saadiyat Island and Yas Island increased by up to 4% to 7% over the quarter and up to 15% compared to the same period last year. Apartment sales prices rose marginally by 2% in Q1 2022 and 4% annually. High quality off-plan projects offered at attractive sales prices and payment plans generated the most interest, which translated into a higher number of transactions.
Dubai Residential and Office Real Estate Market
In Dubai, new apartment supply picked up significantly in the first quarter of 2022 with the handover of 6,250 units, compared to less than 4,000 in the previous quarter. However, the villa market lagged behind considerably with only 250 units completed and handed over.
The report also indicated that new supply for 2022 in Dubai is likely to fall short of earlier estimates. Delivery is now expected to reach a total of 29,000 apartments and 3,250 villas by year-end, with several projects likely to be delayed and to spill over into 2023.
New supply, current and future, is scattered throughout Dubai with deliveries in established communities, such as Dubai Marina and Business Bay, as well as in upcoming developments including Port De La Mer, MBR City, Dubai Hills Estate, Damac Hills 1 and 2. New project launches (off-plan, under construction and completed developments) continued to be well received by investors and end-users.
When it comes to the leasing market in Dubai, rental rates across all major asset classes are expected to increase further for good quality properties, albeit at a slower rate. Average apartment and villa rental rates continued to grow in Q1 2022, particularly in quality developments, with quarterly increases of 4% and 5%, respectively.
Villas continued to be the predominant focus of demand and the limited number of new handovers translated into higher rental and occupancy rates. Annual rental growth in the villa market was rather significant at 25%, while average apartment rental rates rose by 14%.
Office rental rates also grew by 4% on average over the last three months, although net effective rents may have been influenced by additional incentives. Annual changes stood at 6%.
Sales prices recorded a significant spike, particularly in regard to villas, with average quarterly and annual increases of 5% and 40%. The strong demand in villas has also impacted apartment sales prices, which grew by 5% compared to Q4 2021 and 22% over the year.
Asteco expects the momentum of growth to continue in 2022, a trend underpinned by anticipated developments stemming from Government initiatives such as new visa programmes and regulations to attract foreign direct investment (FDI), as well as the continued easing of COVID-19 restrictions.
Expo2020 Impact
Expo 2020 Dubai was widely regarded as a resounding success. The international event overcame unprecedented challenges caused by the COVID-19 pandemic to deliver a showcase event that demonstrated the best of Dubai. At a time when many countries were closing their borders, the six-month exhibition provided a timely and unequivocal demonstration that Dubai and the UAE are still open for business and tourism.
Even before the first visitors arrived at Expo 2020, the benefits were being felt, particularly in the real estate sector. The awarding of Expo in November 2013 provided a much-needed boost to the real estate market. Dubai’s success in securing the event has frequently been cited as one, if not the primary, catalyst in Dubai’s real estate rally, recorded from Q1 2014.
While the financial benefits of Expo2020 are still being quantified, the qualitative benefits are clear. What is known; Expo 2020 attracted 24 million visitors, providing a significant boost to the tourism sector and FDI. According to the latest data released by STR, hotel occupancy in Dubai reached 91.7% in March 2022, the highest level in 15 years, while revenue per available room (RevPAR) stood at AED 817.9 (highest since December 2015).
The Dubai Chamber of Commerce (the Official Business Integration Partner at EXPO 2020 Dubai) hosted 98 events with more than 25,078 attendees from 130 countries, facilitated 1,500 B2B meetings between UAE and international companies / investors and received 3,350 government and business leaders from 60 counties. While the monetary value of Expo 2020 has yet to be quantified, the boost in business sentiment is clear (according to the Dubai Chamber of Commerce, Business Confidence rose in Q4 2021 to its highest level since Q1 2015). The event also generated new jobs and stimulated significant capital investment, not only in developing the 4.4 km project area, but more critically wider infrastructure, including the Red Line metro extension and road upgrades.
The positive benefits of Expo 2020 will no doubt be felt across a wide range of sectors for many years. The tangible benefits resulting from infrastructure upgrades and the repurposing (legacy) of the site for start-up companies is apparent. However, perhaps the most important legacy will be in the new business partnerships created, increased tourism and the refocusing of Dubai towards the Digital Economy, not to mention, the continuing strides Dubai is making to facilitate this transition.
District 2020 will retain more than 2.8 million sqft of Gross Floor Area of LEED Gold and Platinum structures from Expo 2020 Dubai. These will be transitioned in phases into residential, commercial, and cultural neighbourhoods, with a population of 145,000 at full capacity. In addition, 108 serviced land plots of residential, hospitality, commercial, and mixed use will become available for sale at a later date. The total GFA planned for build out is 28 million.
Al Ain and the Northern Emirates
Apartment rental rates across the Northern Emirates improved marginally with average increases of 2% over Q1 2022 and 1% annually.
Sharjah office rental rates, for the first time in nearly 5 years, recorded positive quarterly and annual growth of 3% on average. Nonetheless, landlords will continue to offer incentives in the form of rent discounts and flexible payment terms.
Sales transaction activity in Sharjah, as well as Ajman, remained strong, particularly pertaining to the villa market. Sharjah apartment sales prices remained more or less unchanged over the last quarter and annual increases averaged 8%.
The real estate market in Al Ain remained relatively stable over the last six months with modest improvements in demand and activity across all sectors. Although average residential rental rates were broadly unchanged over Q1 2022, landlords continued to offer discounts and incentives including flexible payment terms. Annual changes were still adverse with apartment and villa rental rates softening by 1% and 2%, respectively.
Existing good quality residential communities with supporting facilities continued to be the most sought-after, thus achieving high occupancy rates. Despite a marginal uptick in demand for offices, net effective rental rates remained more or less unchanged compared to 2020/2021.
-Ends-
About Asteco:
Asteco is a major regional and international award-winning full-service real estate services company that was formed in 1985 and has gained enormous respect for consistently delivering high quality, professional, value-added real estate services in a transparent manner. The company is also widely recognised for its involvement with many of the projects that have defined the landscape and physical infrastructure of the United Arab Emirates.
The world-class company has a distinguished and important combination of local knowledge and international expertise and has been renowned for its application of the latest technological tools and innovations, its commitment to transparency, winning strategies, and human expertise.
Undisputed Real Estate experts with a regional presence to serve its customers, Asteco proudly represents a significant number of the region’s top property Owners, Developers, and Investors.
Asteco offers a wide range of services and solutions to its clients from Sales & Leasing, Property Consultancy & Management, Owners’ Association Consultancy & Management and Clubhouse & Lifestyle Management to Building Consultancy, Retail Management, Valuation and Advisory as well as Franchising services. The company applies innovative solutions and cutting-edge technology to add tangible value for its clients at every stage of the property lifecycle and to continuously elevate customer experience.

© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

source

Categories
Uncategorized

UAE’s food security needs can have businesses pitching in too – Gulf News

UAE’s new Food Tech Valley initiative can get best out of public, private sectors
Many of the emirates are serving as incubators for the UAE’s rising capabilities in food production. Dotting the desert landscape in Al Ain is a row of greenhouses that symbolize this ambition of being self-reliant in food production.
A host of activations in food production were also showcased during Expo 2020 Dubai, leveraging controlled environments such as aquaponics and hydroponics. The list goes on.
The work being done in local food production is all the more vital as GCC food demand is expected to reach 52.4 million metric tons by 2025, up from 46.8 million tons in 2020. Boosting local food production thus plays a central role within the UAE’s National Food Security Strategy 2051 to diversify food import sources and identify alternative supply schemes.
There are also other benefits to cultivating a strong local food industry. This includes a need to meet the nutritional demands of the population, forecast to swell from roughly 9.5 million today to 11.5 million by 2025, significantly increasing demand for food. In parallel, the pandemic exposed inherent weaknesses in global supply chains, thus accelerating the need for more resilient food supply systems. There’s also a real economic impact of relying on food imports. This time last year, the UAE imported nearly Dh18 billion worth of food in just a single fiscal quarter.
Domesticating even a portion of the country’s food needs promises a significant boost to the local economy in line with national economic diversification goals. Taken as a whole, the nation can serve as a model for public-private collaboration in enhancing food security.
The government does of course play a crucial role in any nation’s food economy. The starting point is a national framework to guide public and private sector policies in food production. The UAE’s establishment of the National Strategy for Food Security is already spurring the development of a comprehensive ecosystem that enables sustainable food production using modern technologies. Initiatives under this framework are constantly being rolled out.
Abu Dhabi has unveiled an Dh152 million incentive package to support the development of the domestic agritech industry. The Abu Dhabi Investment Office also announced an Dh367 million investment to bring agritech pioneers to the emirate to develop next-generation solutions for arid and desert climates. Just last year, there was the launch of ‘Food Tech Valley’ aimed at food self-sufficiency while ensuring sustainability and conservation of resources. The Food Tech Valley will be a hub for agricultural technology and engineering, a food innovation center, R&D facilities, and an advanced smart food logistics hub.
Through such projects across the UAE, the government aims to make the UAE among the world’s leaders in the Global Food Security Index by 2051. But this ambition is one that the UAE’s private sector must also take pride in supporting. It not only creates social value but makes clear business sense.
Today, there is a slew of attractive segments within the UAE food industry just waiting to be developed locally. The rising demand for healthy and organic packaged foods is just one example. The UAE also sits at a crossroad of global trade with Asia, with quick and easy access to raw products such as salts and spices from which to manufacture its own brands. As hundreds of varieties of crops are being supported by projects like the Food Tech Valley, scaling the UAE’s infrastructure for food manufacturing enables local players to supply both local and regional customers with fresh food.
This combination of ambitious public policy combined with private sector innovation is making the UAE one of the most exciting countries globally for food. Entrepreneurs in this domain recognize the potential not just for their own gains, but in helping chart a path of social-economic progress across the region.

The writer is Deputy Chairman and CEO, GMG.

Get Breaking News Alerts From Gulf News
We’ll send you latest news updates through the day. You can manage them any time by clicking on the notification icon.
Dear Reader,
This section is about Living in UAE and essential information you cannot live without.
Register to read and get full access to gulfnews.com
By clicking below to sign up, you’re agreeing to our Terms of Useand Privacy Policy
Forgot password
or

source

Categories
Uncategorized

Covid-19: Vietnam begins issuing vaccine passports – Khaleej Times

Tuesday, May 24, 2022 | Shawwal 24, 1443
Published: Sat 16 Apr 2022, 9:04 AM
The Vietnamese Health Ministry started issuing vaccine passports from April 15, the Vietnam News Agency (VNA) reported.
Vietnam’s vaccine passport follows the standards of World Health Organisation (WHO) and the European Union (EU), which are followed by 62 nations.
The passport will be available on PC Covid-19 or Digital Health apps. Those who don’t have the apps can get their passports by accessing the health ministry’s portal and filling in the necessary information. They will then receive the passports by email.
The passport template was revealed by the health ministry in December last year, which has 11 fields of information such as name, date of birth, nationality, targeted disease, doses of vaccines received, date of vaccination, lot number of the vaccine batch, type of vaccine, vaccine product received, the vaccine manufacturer, and a code for the certification.
The name and date of birth will be integrated with other personal identification documents (passports or citizen identification cards).
ALSO READ:
The information is encoded into a QR code, which will expire after 12 months. Following their expiry, people will be notified, and a new QR code will be created instead.
So far, Vietnam has reached mutual recognition of vaccine passport with 19 countries, including Japan, the US, the UK, Australia, India, Belarus, Cambodia, the Philippines, Palestine, Maldives, New Zealand, Sri Lanka, Egypt, Turkey, Singapore, Saint Lucia, the Republic of Korea, Iran and Malaysia.
coronavirus
Total active cases stand at 13,944
coronavirus2 days ago
coronavirus
389,943 infections reported in the Sultanate since the pandemic began
coronavirus2 days ago
coronavirus
Authority issues guidelines for citizens
coronavirus2 days ago
coronavirus
Visitors from outside of the EU allowed to enter with negative Covid test
coronavirus3 days ago
coronavirus
The total doses administered now stand at 24.8 million
coronavirus3 days ago
coronavirus
The Hope Consortium has delivered millions of vaccines from the point of manufacture to the point of immunisation
coronavirus3 days ago
coronavirus
Over 160 million PCR tests have been conducted in the country so far
coronavirus3 days ago
coronavirus
Partners exhibited excellence and professionalism in their cooperation: Major General Ahmed Mohamed Rafie
coronavirus3 days ago

source