The 500,000 sq ft arena is expected to be completed by the end of 2018. Courtesy Meraas
The 500,000 sq ft arena is expected to be completed by the end of 2018. Courtesy Meraas
The 500,000 sq ft arena is expected to be completed by the end of 2018. Courtesy Meraas
The 500,000 sq ft arena is expected to be completed by the end of 2018. Courtesy Meraas

Dubai to build largest indoor arena in region to seat 20,000


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DUBAI // A multipurpose indoor arena with a capacity of around 20,000 people is to be built in the heart of the city.

Work has begun on Dubai Arena, which will cover an area of around 46,000 square metres (500,000 sq ft) near the vast City Walk retail development. It is expected to be completed by the end of 2018.

The air-conditioned stadium, being built by developer Meraas, is described as “the future ‘go-to’ venue for all international music concerts as well as other sporting and entertainment events”.

Abdulla Al Habbai, group chairman of Meraas, said: “The new destination will enrich Dubai’s existing infrastructure and will add a … venue that will accommodate international events and will raise Dubai’s credentials as a premium leisure and entertainment hub.

“Dubai Arena will host famous and world-renowned athletes, artists and performers and attract tourists to Dubai all year round. It will also host large global events and performances that have not visited the region as yet, due to the lack of a suitable platform for holding similar events.”

The venue will be managed by AEG Ogden, part of Anschutz Entertainment Group, which owns or is affiliated with other entertainment venues such as The O2 in London, the Staples Centre in Los Angeles, the Mercedes Benz Arena in Shanghai and Qudos Bank Arena in Sydney.

Chairman and chief executive of AEG Ogden, Harvey Lister, said: “AEG Ogden is excited to be working with Meraas to deliver an innovative world-class arena that will put Dubai on the international entertainment touring circuit and make a major contribution to the emirate’s continued development as a major tourism destination.

“Dubai is strategically positioned to capitalise on acts undertaking tours of Europe and Australia.”

“What makes Dubai Arena stand apart from its counterparts is its remarkable size, capacity, and ability to be transformed from a theatre to a stadium depending on the scale of the event,” said Raed Al Nuaimi, chief executive of DXB Entertainments PJSC, which has been contracted to design and construct the facility.

The company recently delivered Dubai Parks and Resort, which will be home to three major theme parks- Bollywood Parks, Motiongate, and Legoland — by the end of the year.

tsubaihi@thenational.ae

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Price: Exact regional pricing TBA

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Russia's Muslim Heartlands

Dominic Rubin, Oxford

'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

T20 World Cup Qualifier

October 18 – November 2

Opening fixtures

Friday, October 18

ICC Academy: 10am, Scotland v Singapore, 2.10pm, Netherlands v Kenya

Zayed Cricket Stadium: 2.10pm, Hong Kong v Ireland, 7.30pm, Oman v UAE

UAE squad

Ahmed Raza (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Darius D’Silva, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Junaid Siddique, Sultan Ahmed, Imran Haider, Waheed Ahmed, Chirag Suri, Zahoor Khan

Players out: Mohammed Naveed, Shaiman Anwar, Qadeer Ahmed

Players in: Junaid Siddique, Darius D’Silva, Waheed Ahmed

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments