Dubai: An Italian firm is setting up a facility in Jebel Ali to produce pre-fabricated units for a revolving tower that it intends to build in Dubai.
It said the facility will be set up with an investment of about Dh110 million, but the futuristic tower will cost about Dh1.28 billion and it was looking for investors to fund the project.
The fabricated units made in Dubai will be shipped to 11 other major cities including Moscow, Milan, New York and Tokyo, where similar towers will be built after one is completed in the emirate, said David Fisher, chairman of Rotating Tower Technology Limited.
"Dubai is going to be the first place to have this type of tower," he said at a press conference where he unveiled the "Dynamic Architecture" concept.
Each floor of the tower will rotate within a set speed, enabling the building to constantly change shape.
Article Here
Le Dessous des Cartes: Dubaï, une ville mondialiséeEn quelques décennies, Dubaï, aux Émirats arabes unis, est devenue une ville prospère, un carrefour des échanges régionaux, et est de plus en plus souvent comparée à Singapour ou à Hongkong.
Data:
26.04.2007 à 08:15
26.04.2007 à 09:40
27.04.2007 à 08:15
27.04.2007 à 09:40
28.04.2007 à 11:00
30.04.2007 à 08:15
30.04.2007 à 09:40
01.05.2007 à 08:15
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02.05.2007 à 08:15
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02.05.2007 à 14:30
The NEW YORK TIMES is reporting that Emaar is taking a huge hit this quarter:
Dubai-based Emaar Properties (EMAR.DU), the largest Arab real-estate developer by market value, reported its slowest rate of profit-growth in the first quarter in at least two years as the U.S. housing market cooled.
The earnings missed even the smallest profit-forecast of four analysts polled by Reuters last month.Net income in the three months to March 31 rose 13.3 percent to 1.72 billion dirhams ($468.5 million), or 0.28 dirhams per share, compared with 1.52 billion dirhams, or 0.25 dirhams per share, in the year-earlier period, Emaar said.
Compared with the fourth quarter, revenue fell almost 30 percent. Cost of revenue tripled to 1.98 billion dirhams.
There may be a silver lining this cloud as per the Reuters:
Dubai's government took a majority stake in Emaar in March by exchanging land for $7.6 billion worth of stock.
The deal could increase Emaar's land holdings in Dubai by 55 percent, giving the developer more room to expand at home until foreign projects start generating profit, analysts have said.
That might actually work to your average Joe's advantage -- the larger the number of housing units available, the cheaper the purchase price or rent, no?
According to media luminary Al SAbdul Latif ayegh:
“The internet blockage rate [of unwanted material] in the UAE has reached 40 per cent that is among the highest in the world.”
Al Sayegh’s remarks came at a conference on Emirates Media Freedom at Zayed University in Abu Dhabi.
Not really something for the nation to be proud of, is it?
Burj Dubai, already the tallest structure in the Middle East and Europe, has set a new global record for having more floors than any other building in the world.
Currently at 120 storeys and 422.5 metres high, the iconic building developed by Emaar Properties is also one of the five tallest structures in the world.
Height-wise, the tower is now taller than the Empire State Building (381 metres) in New York City and the John Hancock Centre (344 metres) in Chicago – two of only five completed buildings in the world that have 100 storeys or more.
(Full Story)
Sunday, March 11, 2007
Metro wishes to unreservedly apologise for the mistake in Friday's paper where a photograph of His Highness Sheikh Mohammed Bin Rashid Al Maktoum was published in an article on page 21 about Guantánamo prisoners (more over here)
5 - 7 april: Dubai Bike Week, Dubai Media City
5 april: Masters Football Cup Dubai 2007
7 april: Perrier Chill Out Festival, Madinat Jumeirah, inclusief DJ's als Stephane Pompougnac van Hotel Costes, DJ Ravin van Buddha Bar en Patrick Forge van Cosmic Jam. Organisator: OHM Records
10 - 13 april: The Bride Show 2007, Dubai International Convention & Exhibition Centre
11 - 13 april: Dave Crane Hypnosis Show, Madinat Jumeirah.
12 april: Sander Kleinenberg at Trilogy, Madinat Jumeirah, Deep Night.
20 april: David Morales at Peppermint Club
20 april: John Digweed at Trilogy, Madinat Jumeirah, Deep Night.
27 april: Tupac 10 year Anniversary Tour, Dubai Country Club
31 mei: Aerosmith Live in Concert, Dubai Autodrome
Dubai 1963 Hermit Crab 1np
The stamp on the left was the issued perforated stamp. The others are examples of "errors" that were created for the philatelic market.
YellowDVD, cool instead of the european countries giving away free paper editions. There is this "Guy" that gave away hunderthousand books, why didn't he consider E-books or Usbkey-books. Great the "GoldenDVD" would have been cooler and more practical.
links:
(http://www.theyellowdvd.com)
Dubai authorities yesterday ordered developers to stop building work on Jumeirah Open Beach.
The decision came directly from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. (source)
