A new Dh120 million facility which will combine Porsche, Audi and Volkswagen showrooms and workshops in Sharjah will open late next month.
The facility is part of Dh900m investment programme by the company, the first phase of which included building the world’s largest Audi showroom on Sheikh Zayed Road.
Work is now also underway on a new Dh144m Porsche showroom on Sheikh Zayed Road and within weeks construction will begin on one of the world’s largest Audi workshops in Dubai at a cost of Dh133m, and is due to be completed in the fourth quarter of 2014.
There are 10 projects in the investment programme, including a Dh256 million vehicle pre-delivery centre and paint and body shop in Jebel Ali, which is still pending final approvals, and a Dh85.5m facility combining Porsche, Audi and Volkswagen showrooms and workshop that is scheduled to open in Fujairah before the end of the year.
“To create such a wide range of new, world-class facilities for our brands is a major undertaking from a planning and construction point of view, but everything is coming together very nicely,” said K Rajaram, chief executive of Al Nabooda Automobiles, the sole distributor for Porsche, Audi and Volkswagen in Dubai and the Northern Emirates.
gduncan@thenational.ae
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
UAE currency: the story behind the money in your pockets
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Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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UAE currency: the story behind the money in your pockets