Dubai success stories

Filipina expat in Dubai owns three apartments, wants 10

Dubai is a city that never fails to run out of success stories. Several expats tried their luck here and it all paid off eventually. Some win millions of dirhams in raffles, the others get kilos of gold and there are some who – thanks to their financial knowledge were able to successfully navigate their way into achieving good fortune. The latter is the case of Gina Gelvero – a Filipina expat based in Dubai who has been in town for more than a decade.

Gelvero’s story starts like most Filipino expat stories in Dubai: Financially illiterate and satisfied with getting their salary. During her early years in Dubai, Gelvero didn’t know much about investing her hard-earned money into another source of income; the Filipino Times reports.

It was only after thirteen years that she wised up and started buying apartments in the Philippines.

Her efforts payed off and Gelvero now owns three apartments in three different cities. She has been paying for them on a 24-month instalment basis at zero interest rate.

Currently, Gelvero is looking into purchasing another apartment in another city in the Philippines. She said that she plans to get six more apartments within 10 years – that’s one apartment every single year!

When asked about her decision to invest, Gelvero said: “I wanted to have passive income so even if I don’t work, I will have something to rely on financially. We should not just depend on our monthly salary. What if you suddenly lose your job?”

Gelvero plans on renting out the apartments.

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Press release

17 OCTOBER 2017 – Khaleejtimes

Why Dubai is top on investors’ minds

Dubai FDI, the foreign direct investment promotion agency of Dubai Economy, seeks to provide innovative and modern solutions that meet the aspirations of current and future investors, Sami Al Qamzi, director-general of Dubai Economy, said on Monday.

Speaking at the opening day of Dubai Investment Week, Al Qamzi said Dubai Economy is keen to move forward, achieve sustainable development and maintain a competitive environment by developing appropriate frameworks and applying global best practices. “The establishment of the ‘Hamdan Centre for the Future of Investment’ will help channel foreign direct investment globally into sustainable development,” Al Qamzi said.

He pointed out that Dubai has maintained its position as the world’s preferred destination for foreign direct investment, standing seventh in the world with total FDI inflows of Dh25.5 billion in 2016. “The emirate was also ranked third globally in terms of the number of FDI projects attracted during the same year, with 247 projects,” said Al Qamzi.

The third edition of Dubai Investment Week, which opened on Monday, witnessed the launch of several innovative initiatives, including the ‘Dubai Advantages’ report and the ‘Dubai Impact Investment Award’.

Organised by the Dubai Investment Development Agency (Dubai FDI), Dubai Investment Week 2017 seeks to introduce investors to Dubai’s advantages as a strategic hub in the global economy, a gateway to regional growth markets and a leading smart and sustainable city of the future.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, inaugurated the Dubai Investment Week that will run till October 19. The event has brought together government and private sector leaders from the region and beyond, representatives of banks and investment funds, official delegations and international experts in a series of dialogues, workshops, closed meetings and field visits.

A ‘leadership dialogue’ on the opening day featured prominent government and private sector leaders including Sultan bin Sulayem, chairman of DP World and Dubai Ports, Customs and Free Zone Corporation, and Mohamed Ali Alabbar, chairman of Emaar Properties. They were interviewed by Courtney Fingar, editor-in-chief of fDi Intelligence.

Sheikh Maktoum along with Al Qamzi and Fahad Al Gergawi, CEO of Dubai FDI, honoured the winners of the inaugural ‘Dubai Impact FDI Award’. Brookfield (Largest Greenfield Investment in Dubai), Alibaba Cloud Services (Largest High-Technology Investment into Dubai) and Amazon (Largest M&A Investment into Dubai) were the winners in each of the three award categories.

Al Qamzi said the ‘Hamdan Centre for the Future of Investment’ would provide a unique model for global partnerships aimed at developing and financing sustainable investment projects and assessing their economic, social and environmental impact.

“Dubai is a city of the future, a gateway to promising regional markets and a global hub for business – it has all the important drivers that boost the confidence of the local and international investor community,” said Al Gergawi.

He said the logistics infrastructure in Dubai is among the best in the world and a bridge to a vast consumer market of over two billion people. “We are leveraging the Dubai Investment Week platform to keep abreast of the latest investment opportunities in the strategic and emerging economic sectors in the region and worldwide, to identify investor views and to develop policies that enhance future readiness,” said Al Gergawi.

He said the mission of the Dubai Investment Week is not only to showcase investment opportunities in Dubai, but also to present current and future investment trends and ways to promote sustainable and competitive partnerships between local and global investors.

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Burj Khalifa

November 2009

ICONS CONSULTING: Last Burj Dubai (NOW BURJ JHALIFA) crane comes down

Burj Dubai, the world’s tallest building, which is being developed by Emaar Properties PJSC, is nearing completion, following the dismantling of the last high-altitude crane used in the tower’s construction.

Burj_Dubai_high-altitude_cranes
Having also completed the external cladding recently, the Burj Dubai construction team is now concentrating on the interiors and landscaping.

Mr. Mohamed Alabbar, chairman, Emaar Properties PJSC, said: “Working at great heights involving of the world’s tallest tower is just around the corner.”the use of massive cranes has been one aspect of the challenge. Dismantling the cranes is an exciting development because it shows that completion

Three huge tower cranes were used in moving construction materials up to level 156 of Burj Dubai. The cranes could each lift a staggering 25-tonne load and were designed to withstand 120km/hour winds.

Installation of the three tower cranes used for the construction of the higher levels of Burj Dubai was relatively straightforward, as sections of the cranes could be moved up the tower with the completion of new levels.

But as the tower grew in height, the floor plates and working area became smaller and smaller, providing insufficient room to fit the three cranes at the top of construction.

Dismantling the towers was considerably more complex than installing them. The first crane was removed in November 2007 and installed at Level 99 in order to serve as a future recovery crane.

For the next 11 months, the two remaining cranes continued their climb up the tower until October 2008 when one of them was removed due to the small size of the tower’s floor-plate. This left one final crane to continue with the rest of the exterior work.

In June 2009, the final crane had to be removed in order to allow the exterior cladding and finishing works to progress in the area it occupied. This longest serving crane had been in operation since the start of construction in March of 2005.

A small recovery crane was lifted up and installed at Level 159. With recovery cranes now positioned at Levels 99 and 159, the task of removing the last crane was ready to begin.

The process started with the crane climbing down from its working height of over 700 metres. The crane removed its own mast sections and lowered them to the ground until the boom and power pack were at the position of the level 159 recovery crane.

From there, the level 159 recovery crane dismantled the remainder of the main crane, lowering the pieces of boom, mast and power pack to the recovery crane at Level 99, which further lowered them to the ground.

Final work on interiors and landscaping is underway as the Burj Dubai prepares to open on January 4, 2010.


Italconcept – Wood Industry

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With over 73 years of experience in the Wood Industry, ITALCONCEPT are experts in manufacturing Wood Laminates and related products for giving Clients the best competitive advantage. Both for structural and ornamental applications, the possibilities and advantages of laminated materials are significant and provide solutions to product requirements generally not achievable by using a single material.

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