BUSINESS & JOBS

EPIC Dubai opened on a positive note where a Green Cars Caravan of solar, electric, hybrid and biodiesel powered cars, organized by Dubai Police and S.S. Lootah Group, took off from Burj Al Arab with a pit stop at Dubai Police Academy before it continued its journey to Burj Khalifa boulevard and The Dubai Mall, where the expo is being held.

The country's main indexes rebounded yesterday as declines posted last week were seen as overdone, fund managers said. The Dubai Financial Market General Index gained 1.5 per cent to 1,605.89. Emaar Properties, the developer of the Burj Khalifa, gained 1.5 per cent to Dh3.30.

Burned by grand and audacious real estate projects, which became financial burdens when market bubbles burst three years ago, property developers in the Gulf are putting more emphasis on mundane but affordable housing.

Burj Khalifa, the world's tallest building developed by Emaar Properties, is redefining the aesthetics and luxurious comfort of everyday living through its sky lobbies, specially designed public spaces that offer residents and visitors a relaxed lifestyle experience.

A few of these fascinating projects include Palm Jumeirah Property, The meadows, The World, Down Town Dubai, Arabian Ranches, Burj Khalifa, and Dubai Marina.

The company best known for developing the world's tallest tower, the Burj Khalifa, gained more than 9 per cent in the last three trading days of the week, closing at Dh2.68 per share yesterday. However, that is still about 50 per cent below the company's book value of Dh5.10.

Ninety percent already sold – now you’ve got to admit that is impressive, but Kipp can’t help but be reminded of reports from Emaar prior to the inauguration of its splendid Burj Khalifa claiming that approximately 90 percent of its apartments were already sold.

One of the world’s largest interiors contractors has launched a UK operation based in Middlesbrough. The contractor is renown for completing the interior design and fit-out of famous landmarks including the world’s tallest building, the 828 metre Burj Khalifa hotel in Dubai, and the Four Seasons hotel in Sharm El Sheik, Egypt.

Hotels, restaurants, and tourist-oriented transportation industries in countries that have thus far avoided major unrest — the United Arab Emirates,Saudi Arabia, Morocco, and Oman — are either thriving or expected to pick up new business in the near future.

The emirate is famed for a number of things such as the Burj Khalifa, which is the world’s tallest building, and the ‘The World’ which is a manmade archipelago with each mini island a potential home for the super-rich. Many people travel to Dubai for holidays, but there is probably just as much, if not more, coming to do business.