Latest news with #Dh2.5
Al Etihad
6 days ago
- Health
- Al Etihad
Burjeel chief announces Dh2.5m to support families of doctors and medical students killed in Air India crash
16 June 2025 15:59 ABU DHABI (ALETIHAD)Abu Dhabi-based doctor and Burjeel Holding chairman Dr. Shamsheer Vayalil has announced Dh2.5 million (60 million rupees) in financial aid for the families of medical students and doctors affected by the Air India Flight 171 crash in Ahmedabad, a statement from his office said. The tragic incident occurred on June 12, when a Boeing 787 aircraft crashed into the hostel and mess blocks of BJ Medical College. The impact killed four young MBBS students and at least five family members of doctors living on campus, while dozens more were injured. Moved by the magnitude of the tragedy—and drawing from his own years living in medical hostels during his education in Mangalore and Chennai—Dr. Shamsheer said the images of the devastation resonated deeply.'I saw the footage from the mess and the hostel, and it truly shook me,' he said. 'Those students started the day thinking about lectures, assignments, and patients. Their lives ended in a way none of us could ever imagine. It hit close. Too close.'The relief package includes ₹10 million for each of the four students' families, ₹2 million each for five seriously injured students, and ₹2 million each for the families of doctors who lost loved ones. The aid will be disbursed in coordination with the Junior Doctors' Association at BJ Medical those killed were four medical students — Jaiprakash Choudhary, Manav Bhadu, Aaryan Rajput and Rakesh Diyora. Among the injured is third-year student Ritesh Kumar Sharma, who was trapped under debris for hours with severe leg injuries. Many students lost not only friends but a sense of security and normalcy.'This support is not just financial; it is symbolic,' Dr. Shamsheer said. 'These students were preparing to serve others. Their memories must not fade into headlines. We must carry forward the dreams they didn't get to fulfil.' Dr. Shamsheer, who also stepped in to support victims of the 2010 Mangalore air crash, said this tragedy felt personal in a different way. 'These young men were part of the same fraternity I once belonged to. To have that life stolen, so violently, so suddenly, is heartbreaking.'
Al Etihad
02-06-2025
- Business
- Al Etihad
Aldar launches Dh40bn Fahid Island project, bringing wellness-focused living to Abu Dhabi
2 June 2025 16:37 ISIDORA CIRIC (ABU DHABI)Abu Dhabi's property market is set for another major addition with Aldar's launch of Fahid Island, a Dh40 billion coastal destination positioned between Yas Island and Saadiyat. The 2.7 million square metre development is being pitched as a wellness-first community where no home is more than five minutes from the sea, and no more than 250 metres from green island will offer more than 6,000 homes, from apartments and townhouses to high-end waterfront villas with 4- to 6-bedroom one, Fahid Beach Residences, will feature seven low-rise buildings with 65 apartments each, and is scheduled for completion by 2029. It also includes community amenities and a top-tier international school, with more details on the education partner to be announced soon, Aldar said on rest of the project will be delivered in phases over the following three acquired the land in early 2023 for Dh2.5 billion, initially estimating a development value of Dh26 billion. That figure has since climbed to over Dh40 billion, as plans for the site expanded to include extensive natural landscapes, international school facilities, and a new residential benchmark for the the start, Aldar has framed Fahid Island as a 'complete ecosystem'. With 4.6km of beachfront on one side and mangroves on the other, all homes will be no more than a five-minute walk from the sea and within 250 metres of open green space. The layout includes 15km of shaded pedestrian walkways and multiple bridges connecting both sides of the island, designed to limit car use and promote walkability. A 10km landscaped Berm Park will act as a green wellness corridor, complete with cycling routes and running trails.'Abu Dhabi is a thriving, global destination where heritage and innovation combine to create a world-class environment to live, work, and explore. Sustainable and inclusive development has been a critical part of this success, which is why Aldar remains focused on delivering communities that reflect the values and ambitions of the UAE,' said Mohamed Al Mubarak, Chairman of and liveability are central to the design. Around 30% of the island's space will be dedicated to natural landscapes, and Aldar is actively working with the Environment Agency - Abu Dhabi to protect marine life along the island's mangrove edges.'Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors,' said Talal Al Dhiyebi, Group Chief Executive Officer of Island's location, wedged between two of Abu Dhabi's highest-profile developments, positions it at the crossroads of culture, tourism, and investment. A recent MPM Properties report showed strong interest in prime waterfront communities, with prices in areas like Saadiyat jumping by up to 15% in 2024.'Fahid Island is one of the largest mixed-use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit,' Al Dhiyebi added. Its unveiling comes shortly after plans for a Disney theme park on Yas Island were announced, adding momentum to rising demand in the capital's real estate market.
Al Etihad
02-06-2025
- Business
- Al Etihad
Emirates to reintroduce Damascus services from July 16
2 June 2025 11:39 DUBAI (ALETIHAD)Emirates is set to reintroduce flights to Damascus from July 16. Operations were suspended to the Syrian capital in 2012, and the return of services follow a comprehensive evaluation in conjunction with the UAE airline will initially start with three weekly services on Monday, Wednesday and Sunday, with plans to expand to four weekly flights from August 2 with an additional flight on Saturday. Emirates will expand its Damascus services to daily operations, effective October services to Damascus will operate with a 302-seater Boeing 777-200LR and is planned to depart Dubai as EK 913 at 1200hrs, arriving in Damascus International Airport at 2:10 pm (local time). The return flight, EK 914 will depart Damascus at 4:30 pm, arriving in Dubai at 8:30 pm (local time).The flights will open up new opportunities for travellers to conveniently connect to and from the airline's network of nearly 150 destinations and will support the UAE's efforts to strengthen bilateral ties and support Syrian aspirations to rebuild and attract foreign investment across key sectors such as energy, construction and customers flying to and from Damascus will also benefit from the airline's codeshare partnership with flydubai, which will complement its flight schedule and provide more options and convenience when flying in and out of the Syrian Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group said: 'Emirates is pleased to restart operations to Damascus and support Syria's road ahead by providing better choice and connectivity, essential economic links for inwards investment as well as opening new trade lanes and global market access for the country. "Re-establishing air travel and connectivity is also good news for our customers that make up the expansive Syrian diaspora across the Americas, Europe and the GCC, who are eager to fly back home and reconnect to their roots, and leverage their knowledge, skills, expertise and resources in ongoing development efforts."We would like to thank the Syrian authorities for their support in strengthening connectivity between Dubai and Damascus and look forward to boosting links to and from the country through our regularly scheduled operations.'The UAE and Syria's trade volumes reached $680 million (Dh2.5 billion) in 2024, a 23% increase over the previous year, and the new flights will further stimulate vital trade ties. The Boeing 777-200LR aircraft operating to and from Damascus features 38 Business Class seats alongside 264 seats in Economy Class. Emirates Business Class on the Damascus service will feature a 2-2-2 configuration. Travellers flying to and from Damascus with Emirates can enjoy the best experience in the sky, including Levantine inspired dishes complemented by a wide selection of premium beverages. Customers can also sit back and relax with up to 6,500 channels of carefully curated entertainment, including close to 650 channels of Arabic content. Emirates commenced services to Damascus in 1988, and prior to suspending operations in 2012 the airline carried over 2.1 million passengers in and out of Syria.
Mid East Info
27-05-2025
- Business
- Mid East Info
Amirah Developments unveils Bonds Avenue on Dubai Islands as UAE's real estate asset value exceeds Dh2.5 trillion
Setting a new benchmark for coastal luxury, Bonds Avenue offers contemporary waterfront living in the heart of Dubai Islands, as the emirate celebrates a record breaking year in real estate transactions. Amirah Developments, a Dubai-based real estate developer, today unveils its maiden project, Bonds Avenue, a high-quality residential development poised to redefine luxury living on the newly master-planned Dubai Islands. The announcement comes as the UAE's real estate asset value exceeds Dh2.5 trillion in recent time. Bonds Avenue is a testament to architectural excellence and sustainable living. The development features a curated selection of one-, two-, and three-bedroom apartments, grand four-bedroom penthouses, and expansive three-bedroom townhouses and triplexes within the same complex. Each residence is meticulously designed with organic, flowing forms that break free from conventional design norms, offering residents an extraordinary living experience that prioritises exclusivity and sophistication. With unit sizes ranging from 810 to 4,416 square feet, and starting prices from Dh1.63 million to Dh9.95 million, each home is crafted to deliver spacious layouts, elegant finishes, and an elevated lifestyle experience. Whether it's the comfort of a one-bedroom residence or the grandeur of a waterfront penthouse, Bonds Avenue caters to discerning buyers seeking architectural sophistication, panoramic views, and premium quality in the heart of Dubai Islands. Its location on Dubai Islands offers the best waterfront living with unlimited view of the Arabian Gulf that is just a ten-minute drive from Dubai International Airport and a few minutes away from some of the best tourism attractions of Dubai – Dubai Creek, the Gold Souq and Dubai Islands itself when the development is complete with a large shopping mall, a marina, beachfront promenade, and the Night Souq, etc. Strategically located on Dubai Islands, Bonds Avenue offers unparalleled accessibility as well as the best waterfront living with unlimited view of the Arabian Gulf, being just minutes away from key landmarks such as the Gold Souq Metro Station, ten minutes away from Dubai International Airport, Downtown Dubai, and Business Bay. The development is well-connected via major highways and public transport options, ensuring residents have easy access to top attractions, schools, hospitals, shopping centres, and entertainment hubs. Residents will enjoy panoramic views of over 21 kilometres of pristine beaches and crystal-clear waters, perfect for yachting and water sports. The community is enriched with world-class hospitality in luxurious resorts and embraces a sustainable lifestyle with eco-friendly infrastructure and green spaces. Amirah Developments offers a flexible 60/40 payment plan to accommodate investors and homeowners: 20 percent on booking, 40 per cent during construction in scheduled instalments, and 40 per cent on completion in January 2027. This plan aligns with the growing demand for premium properties in Dubai, where off-plan sales have surged by 41 per cent in the first half of 2024, reflecting robust investor confidence. Bonds Avenue is more than a development — it's a vision brought to life. At Amirah, we set out to create not just homes, but legacies. This project reflects our commitment to building with integrity, elegance, and future-forward thinking. Dubai Islands offers the ideal canvas for a community that is both immersive and iconic. We're not just building structures — we're crafting extraordinary experiences,' Mr. Muhammad Yousuf Jafrani, Founder and Chairman of Amirah Developments, says. 'Every home in Bonds Avenue has carefully been crafted to offer maximum living space. It is a luxury property that offers modern and contemporary design that is offered at an affordable price to the buyers and investors,' he further adds. Dubai's real estate sector continues to display remarkable resilience and growth. According to the Dubai Land Department, property transactions in 2024 reached a historic high, surpassing Dh893 billion across 331,300 deals. Residential units remain in strong demand, with waterfront and luxury segments witnessing accelerated growth due to the city's reputation as a global investment hub and lifestyle destination. The luxury real estate market in Dubai has experienced a year-on-year increase of over 40 per cent, driven by high-net-worth individuals, international investors, and end-users seeking long-term value. With limited coastal inventory and increasing global appeal, projects like Bonds Avenue are positioned to become prime assets in both local and international portfolios. Amirah Developments is a Dubai-based real estate development company founded by Mr. Muhammad Yousuf Jafrani, a seasoned entrepreneur with over 15 years of experience in the UAE market. Built on the pillars of quality, innovation, and excellence, Amirah is committed to reshaping urban living through sustainable, luxurious, and thoughtfully curated communities. About Amirah Developments: Amirah Developments is a Dubai-based real estate company committed to redefining urban living through architectural sophistication, sustainability, and thoughtful design. Founded by Mr. Muhammad Yousuf Jafrani, a seasoned real estate entrepreneur with over 15 years of experience in the UAE, the company is anchored in a vision of creating communities that inspire and endure. Driven by innovation and design excellence, Amirah Developments builds more than residences — it crafts livable works of art. Each project is a reflection of refined luxury, environmental responsibility, and long-term value. With a team comprising top architects, designers, and planners, the company ensures global best practices are adapted for the local landscape. Sustainability is central to Amirah's ethos, with developments emphasizing energy efficiency, walkability, and well-being. By focusing on elegance, functionality, and community integration, the company is shaping the next chapter of Dubai's real estate evolution. With the launch of its debut project, Bonds Avenue on Dubai Islands, Amirah introduces a new benchmark in waterfront living — blending lifestyle innovation with a striking architectural vision. This marks the beginning of Amirah Development's journey to become a lasting force in the UAE's premium property sector. About Bonds Avenue: Bonds Avenue is the inaugural development by Amirah Developments, setting a bold standard for upscale living on the iconic Dubai Islands. Designed as a sculptural expression of form and function, Bonds Avenue offers a selection of one- to three-bedroom apartments, three-bedroom townhouses and triplexes, and exclusive four-bedroom penthouses. The architecture reflects a cornerless, flowing design philosophy- maximizing space, natural light, and unobstructed sea views. Each residence is thoughtfully planned to deliver both aesthetic appeal and modern comfort, enhanced by smart layouts and premium finishes. Amenities at Bonds Avenue include infinity pools, wellness zones, yoga decks, landscaped gardens, padel courts, and dedicated children's areas, all curated to foster holistic, family-oriented lifestyles. The community is seamlessly connected to the rest of Dubai, with quick access to Downtown Dubai, Dubai International Airport, and the Gold Souq Metro Station. Situated in a master-planned coastal environment with over 21 kilometres of beaches and vibrant urban offerings, Bonds Avenue is a destination of both serenity and connectivity. With a 60/40 payment plan and handover in Q1 2027, it caters to investors and homeowners seeking lasting value, architectural brilliance, and beachfront elegance in one of Dubai's most promising locales.
Al Etihad
29-04-2025
- Business
- Al Etihad
Aldar reports robust Q1 2025 results with Dh2.2b profit before tax
29 Apr 2025 12:10 REDDY (ABU DHABI)Aldar Properties started 2025 on a strong note, delivering a 33% rise in net profit before tax to Dh2.2 billion for the first quarter of 2025. Details of the first quarter performance were posted on the website of Abu Dhabi Securities Exchange (ADX) on company reported a net profit after tax of Dh1.9 billion, marking a 22% year-on-year (YoY) increase. Revenue for the quarter surged by 39% to Dh7.8 billion, while gross profit climbed 37% to Dh2.8 billion. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached Dh2.5 billion, up 36% from the same period last year.'Aldar's strong start to the year demonstrates the depth and resilience of our diversified platform, and our ability to execute and grow with discipline against a clear strategy for long-term value creation,' said Mohamed Khalifa Al Mubarak, Chairman of sales remained a major growth driver, with group sales jumping 42% to Dh8.9 billion, supported by robust demand for new launches and existing inventory. UAE sales to overseas and expatriate residents grew sharply to Dh7.4 billion, representing 87% of total UAE company's backlog also hit a record, reaching Dh55.7 billion at the end of March 2025, with Dh46.7 billion from the UAE. This provides strong revenue visibility for the next two to three years.'Aldar delivered a robust financial performance in the first quarter, with continued momentum across our core businesses driving a 33% increase in net profit before tax to 2.2 billion dirhams,' said Talal Al Dhiyebi, Group Chief Executive Officer of Aldar. 'Our development sales remained extremely strong, while our pipeline of new launches is on track amid continued demand from both local and international buyers.'Meanwhile, Aldar Investment continued to deliver solid results. Revenue rose 15% YoY to Dh1.87 billion, and adjusted EBITDA increased 10% to Dh764 million. Excluding gains from disposals, adjusted EBITDA growth stood at 20%. Aldar's assets under management (AUM) expanded to Dh46 billion.'High occupancy and strong rental growth across the core investment portfolio underpinned solid performance, further supported by strategic acquisitions over the past two years, including Masdar City assets,' the results statement investment properties segment achieved a 96% occupancy rate, with Grade A commercial assets like the Abu Dhabi Global Market Towers and International Tower nearing full group also strengthened its capital structure significantly during the quarter, raising Dh16.3 billion through a combination of a sustainability-linked revolving credit facility, hybrid capital issuances, and green sukuk, all at record-low credit liquidity position remains robust, with Dh10.2 billion in free cash and Dh19.3 billion in undrawn committed credit the digital front, Aldar welcomed one million unique visitors to its platforms in Q1, a 20% year-on-year increase. The Live Aldar App achieved full digitisation of customer onboarding and agreement signing processes. Looking ahead, Al Dhiyebi said: 'We have full confidence that our diversified platform, robust revenue backlog, and prudent capital deployment strategy position the company well to create long-term value for our stakeholders.'
