BUSINESS & JOBS

Seventy-one sales transactions were recorded in Burj Khalifa , the world's tallest tower in 2012, with two transactions topping Dh45 million, according to information provided by Reidin.com to Emirates 24|7. The two biggest transactions registered with the Dubai Land Department ( DLD ) were of Dh45.42 million and Dh45.07 million with price per square foot of Dh4,000 and Dh3,969, respectively.

Visitors to the world's tallest tower can now take home their own pressed penny souvenir. Penny Press Factory a UK manufacturer of the world's most modern and dynamic looking penny press souvenir machines has installed a penny press on the 124th floor of the Burj Khalifa. Visitors to At The Top can make their own souvenir in the penny press machine after taking in the glorious views of Dubai.

The new city will be located between Emirates Road, Al Khail Road and Shaikh Zayed Road, and will include the Mohammed bin Rashid Gardens project. It will be connected to Downtown Dubai and Business Bay through a crossing that will be named the “Cultural Crossing” which will include art galleries and create the largest area for arts in the region.

Hundreds of residents and guests at the hotel located in the world’s tallest building, the Burj Khalifa now have their own exclusive daycare nursery with high quality facilities formally opened on Thursday. The facility, Burj Daycare Nursery set up by Innoventures Education, has opened its latest addition to their portfolio in the presence of, Maryam Alroomi, Minister of Social Affairs and Moza Salem Al Shoomi, the Director of Child Department and a number of guests.

Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar, has appointed Stefan Viard as general manager of Al Manzil and Qamardeen Hotels. The group took over operations at the Downtown properties in Dubai from South African operator Tsogo Sun earlier this year.

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday attended a dinner banquet hosted by Dubai government at Armani Restaurant in Burj Khalifa in honour of 500 Global Forbes CEOs who are taking part in the Forbes Global CEO Conference, held for the first time in the Middle East.

This is the Dubai Mall — an absolutely massive shopping center in Dubai, UAE that's part of the $20 billion Burj Khalifa complex. It first opened in 2008 to much fanfare, and it boasts a variety of things to do aside from shop at its 600+ stores. The mall has a 22-screen movie theater, a replica of London's Regent Street, an Olympic-sized ice skating rink and much more.

Although Ramadan is often considered a slowdown period for the property sector, Dubai’s property transactions reached Dh2.2 billion in August, slightly higher than the same period last year, Dubai Land Department data reveals. Dubai Marina topped the chart of areas with maximum number of transactions, while Burj Khalifa area topped the list in value terms.

New Dubai scores high when it comes to the most sought-after residential communities in the city this year, according to real estate agencies. According to Better Homes, Dubai Marina beats all other communities when it comes to rent. “The most popular residential areas in leasing for the first half of this year was Dubai Marina,” Annetta Shaw, Head of Residential Sales and Leasing, Head Office,

Residential land prices in some of the most exclusive parts of the Palm Jumeirah have shot up by 30 per cent over the past year as Dubai's property market continues to recover. Nakheel, the developer behind the man-made island built in the shape of a palm tree, said yesterday it had sold a 305,704 square foot prime plot of land for Dh400 million (US$108.9m) to an anonymous local investor for a total purchase price of Dh1,302 per square foot.