Investment house OMNIYAT GROUP has announced the launch of BEYOND, a pioneering development company focused on the wider luxury real estate market. As part of this bold initiative, OMNIYAT GROUP has unveiled…
Tag: luxury
UAE retailers, hospitality firms fine-tine strategy to tap luxury Chinese travelers
Dubai: Easy payment options in their own currency, dedicated staff to help with the language, and package tours have all been deployed by UAE retailers and hospitality companies to tap Chinese tourists…
It’s getting harder to buy luxury homes in Dubai – and prices aren’t the issue
Dubai’s prime residential market, which includes the Palm Jumeirah, Jumeirah Bay Island, Jumeirah Islands and Emirates Hills, has experienced a surge in performance as well, according to Knight Frank. Average transacted prices…
World’s luxury labels must lead the way to being sustainable
At a time when climate change is a defining issue, luxury brands and retail stores face a critical decision: adopt sustainable practices or risk obsolescence. The luxury sector, long synonymous with exclusivity,…
The Palatium Residences by Ahmadyar Developments: Redefining luxury in Dubai
Dubai: Real estate developer Ahmadyar Developments is set to unveil its latest luxury project in the heart of Dubai. With a modern and elegant design that includes smart home automation, premium finishes,…
Luxury developer Dar Global is getting ready for its first launch in Saudi Arabia
“The residential options we plan to build there are targeted at the international investor market,” said Ziad El Chaar, CEO of Dar Global. “It would make perfect sense for us given that…
Auction of Dubai luxury hotel Palazzo Versace stopped by court order
Until the auction was stopped, the property had not received any bids. Typically, based on past auction, bids get placed closer to the actual closing of the process. Through the last four…
Luxury Dubai hotel Palazzo Versace up for auction – will it land a new owner?
There had been talk in banking and property circles about a possible sale of the property for some time now. At several points over recent years, there had even been talk about…
Luxury EV maker Lucid to raise $1 billion from Saudi Arabia's PIF affiliate
The Saudi government, which has a 60% stake, has invested billions in Lucid’s success as part of a strategy to diversify the Kingdom’s economy beyond oil. Ayar Third Investment Company, a PIF…
Dubai's Emaar Properties launches two luxury residential projects, costing Dh96b
The Heights Country Club will be set across 81 million square feet and valued at Dh55 billion to build. Spanning over 60 million square feet and expected to cost Dh41 billion, the Grand…