DUBAI, 27 October 2006 — Dubai Properties finalized its strategic agreement with Porsche Design Studios (PDS) at Expo Real 2006 to jointly develop a series of Porsche Design Towers in 17 countries over 15 years. The 9th international commercial property exposition, Expo Real was recently held at the New Munich Trade Fair Center. Haiyan Mujarkech, chief officer, Dubai Properties said: “The importance of this landmark agreement, with one of Europe’s top design houses, lies in the common shared values between Dubai Properties and Porsche Design Studios. These include innovation, excellence, loyalty and integrity. We look forward to working with Porsche Design Studios in not only creating revolutionary architecture in Dubai and other parts of the world, but also in crafting individualistic lifestyle options for our investors.”
Macdonald Opens Office in Dubai
DUBAI, 27 October 2006 — UK-based Macdonald & Company, the leading recruitment consultancy focusing solely on the property industry, has announced the opening of its first Middle East office in Dubai. The move is expected to significantly boost the company’s international presence as it looks to leverage the thriving property market in the Middle East. Currently Macdonald & Company has offices in the UK, Hong Kong and South Africa. “Dubai was a natural choice for us when it came to setting up our base in the Middle East. The unprecedented growth in Dubai’s property and real estate sector, and not to mention the emirate’s rapidly growing economy, presented a scenario we had to capitalize on,” said Matthew Taylor, International Director, Macdonald & Company.
Al-Madar Enters UAE Property Market
DUBAI, 27 October 2006 — Al-Madar Property Investments, a leading property developer in the GCC which is part of the Al-Madar Group, has announced its foray into the fast-growing UAE property market with a string of residential and commercial projects. The property developer will invest several billion dirhams in seven major projects in Business Bay in Dubai and GCC. By launching a series of high-profile projects in the UAE, Al-Madar is looking to capture a sizeable share of the country’s booming property market and reinforce its regional standing.
IMPZ to Participate in Investment Forum
DUBAI, 27 October 2006 — The International Media Production Zone, member of Dubai Holding and arm of TECOM Investments yesterday announced its participation in the first UAE Asia Investment Exhibition and Forum to be held at the Suntec Singapore Convention Center, Singapore from Oct. 30 — Nov. 3. IMPZ, the region’s new media cluster for 3P industries — printing, publishing and packaging — will participate at the event along with other leading UAE businesses seeking to explore bilateral opportunities and strengthen commercial relations with Asia, one of the biggest trade-markets in the world.
