BUSINESS & JOBS

Depa Limited, the interior design contractor who fitted out the Emirates Palace Hotel, Burj Al Arab and Burj Khalifa, has signed a $60m contract in Angola, the Dubai-based company announced on Wednesday. Based in Dubai, but with sixteen offices and 8,000 staff worldwide, Depa has worked on projects such as the Atlantis Hotel, Armani Hotel and Burj Al Arab in Dubai, Yas Island and Emirates Palace hotels in Abu Dhabi, the Dubai Metro, Dubai Airport and the Savoy and Waldorf hotels in London.

Emaar Properties, the Dubai-based developer, posted an AED802 million profit for the second quarter after the handover of a number of properties to investors. Revenue for the second quarter stood at AED1.94 billion, a rise of 37% on the same period last year. First-half revenues reached AED5.538 billion, a 59% rise on the AED3.481 of the first six months of 2009. The handovers include sales of around 24% of units in the Burj Khalifa, the world’s tallest tower, a project critical to the company’s fortunes.

Are you aware of the fact that the real estate market in Dubai has really hit the skies with foreign investors? The reason is that all the investment gurus are lining to invest hundreds of millions of dollars in the city, thanks to the gorgeous buildings been erected. All of us are aware of the Burj Khalifa?

It was billed to be the ‘Burj Effect.’ Today, some 180 days after the opening of Burj Khalifa, the world’s tallest building, there is a renewed sense of optimism that commercial establishments lining Sheikh Zayed Road in Dubai are poised for a revival of fortunes.

Although the crisis provoked serious tensions between the United Arab Emirates’ two leading centres, Dubai was thankful to be part of an oil-rich federation. Sheikh Mohammad bin Rashed al-Maktoum, the ruler, renamed the just-completedBurj Khalifa, the world’s tallest tower, after the UAE president.

One bedroom apartments start at $4100 and two bedrooms at $6800. So far, only 60 apartments are ready for rental on the lower floors, but Emaar will make more available as they are finished.

With the handover of the Burj Khalifa residential units now starting, the market is beginning to get a feel for how much the rent should be for the 828-metre building's exclusive units.

A Dubai-based Gujarati-Jain business family with interests in real estate, shipping and logistics owns two apartments above the 65th floor of Burj Khalifa, the tallest residential-cum-mixed-use tower in the world, currently at 828 metres.

In less than six months, Mohammed Alabbar has delivered two of the world's most eagerly awaited projects. How did he do it? The iconic Burj Khalifa tower opened in January, and four months later came the first ever Armani Hotel, built within the tower.

Burj Khalifa apartments are the finest in Dubai real estate and Property Advice Dubai has started renting these luxury residential units in the emirate. Burj Khalifa as we all know is set to be the tallest building in the world is a masterpiece construction done in Dubai.