Category: Blog

Merry Christmas from OADC

The Christmas period is upon us and we’d like to wish you all a Merry Christmas and a Happy New Year. During the holiday period our office will be closed on Christmas Eve at mid-day and re-open again on 5th January 2015 when business will return to normal Monday – …

Armoured Vehicles See Increased Investments in Dubai

Dubai is to have the region’s largest armoured vehicle manufacturing facility as an investment of Dh55 Million sees Inkas Vehicles expand its operations based in Dubai Investments Park (DIP ). The new facility will be 159,700 square feet in size and sees yet more financial investment in armoured vehicles in …

Tower Shows that Building Back on Track in Dubai

A developer in Dubai has revived a project to boost the local port by building a $183 million tower. The project had been long delayed for various reasons but the Omniyat Group once again began work on a 48-storey tower in Dubai Maritime City as they decided that the Emirate’s …

Traffic Up as Dubai Looks at Airport Expansions

Passenger traffic in Dubai’s international airport rose 5.7% in October as the Emirate looks towards expansion to accommodate future growth. With plans already underway to make the Emirate the world’s premier tourist destination it is perhaps no surprise that Dubai International Airport saw a rise in traffic of 6.1% to …

Dubai in Big Hospitality Push

In a push to diversify its economy Dubai is aiming to become the top family destination by 2020 which has seen property firms investing heavily in the hotels and hospitality markets. Dubai is hoping to achieve a Compound Annual Growth Rate (CAGR) of seven to nine per cent in leisure …

Dubai Plans £689 Million IPO

Known as a big financial centre in the Middle East, Dubai is now turning its attention to tourism with plans to bring in further trade and interest from holidaymakers in a plan that is to help towards its attempts to double tourist numbers. In a $2.9 billion project, Dubai parks …

Dubai Needs Homes

Dubai has an occupancy level across all available homes at an incredible 87% which could spell serious trouble if not rectified soon but could see a major corner of the market in construction expand very rapidly. Another 51,000 new homes are likely to hit the market by 2020 but with …

Dubai Can Become Islamic Economy Hub

With the United Arab Emirates (UAE) and Malaysia set to launch a number of initiatives together within the next twelve months, Malaysian Prime Minister Najib Abdul Razak said that Dubai has the potential to become the hub for an Islamic economy. The two countries were at the World Islamic Economic …

Growth in Dubai could reach 5.6% before the year is out

Growth in Dubai could reach 5.6% before the year is out, according to one advisory firm, should the global economy continue to perform well. This prediction comes hot on the heels of other positive economic news which saw a recent report from the International Monetary Fund (IMF) suggesting that Dubai …