Latest news with #EmiratesAuction
Hi Dubai
15-07-2025
- Business
- Hi Dubai
New 'Tamrat Al Bayt' Cup to Spotlight Home-Grown Dates at Dubai Date Festival 2026
The Hamdan Bin Mohammed Heritage Center has announced the launch of a new competition category titled the ' Tamrat Al Bayt' Cup , set to debut at the Dubai Date Festival 2026. Revealed during a press conference at the Center's headquarters, the initiative aims to deepen public appreciation for the cultural and symbolic value of the palm tree in Emirati heritage. H.E. Abdullah Hamdan bin Dalmook, CEO of the Center, unveiled the new addition alongside department leaders and media representatives. The 'Tamrat Al Bayt' Cup will focus exclusively on home-grown dates nurtured within private residences, encouraging community members to participate more actively and preserve traditional agricultural practices. The announcement provides participants with a full preparation season ahead of next year's festival. In addition to this new competition, the Dubai Date Festival 2026 will include a high-end auction featuring some of the UAE's finest palm tree varieties. This auction will be conducted in partnership with Emirates Auction and will run across the seven days of the event. Another exciting highlight of the upcoming festival is the introduction of a competition dedicated to the rare and premium 'Hilwat Dubai' variety—one of the most prized date types in the region. This further adds to the event's mission of showcasing and preserving local date cultivation, while creating a space for agricultural excellence and cultural exchange. The new initiatives reflect the Center's ongoing efforts to preserve UAE heritage while creating interactive platforms that engage both local growers and the wider community. News Source: Dubai Media Office
Emirates 24/7
14-07-2025
- Business
- Emirates 24/7
Hamdan bin Mohammed Directs Launch of "Tamrat Al Bayt Cup" at Dubai Date 2026
Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister, Minister of Defense, Crown Prince of Dubai, and Chairman of The Executive Council, the Hamdan Bin Mohammed Heritage Center announced the launch of the 'Tamrat Al Bayt' Cup as part of next year's edition of Dubai Date Festival 2026. This initiative aims to reinforce the symbolic and social significance of the palm tree in Emirati heritage and foster deeper community engagement with it. The announcement was made during a press conference held today at the Center's headquarters, attended by H.E. Abdullah Hamdan bin Dalmook, CEO of the Center, along with several department heads and representatives of local and regional media outlets. During the press conference, H.E. Abdullah Hamdan bin Dalmook unveiled the introduction of a new and unique competition category – the 'Tamrat Al Bayt' Cup – starting from the upcoming season. This category is specifically dedicated to home-grown dates cultivated and cared for within private residences, allowing participants ample time to prepare for the competition. Additionally, Dubai Date Festival will feature a high-end auction of the finest palm tree varieties, in collaboration with Emirates Auction, which will run throughout the seven-day event. This year's edition will also introduce a new competition dedicated to the rare and highly sought-after 'Hilwat Dubai' variety. Commenting on the new initiatives, Bin Dalmook stated: "Thanks to the directives of the Crown Prince of Dubai, the introduction of the 'Tamrat Al Bayt' Cup in next year's edition marks a qualitative step forward. It aims to uphold the palm tree as a vital symbol of our national heritage, while encouraging families to plant and care for palm trees at home. The palm tree retains its natural place as a cultural bridge between generations and a symbol of connection to land and identity. Dubai Date Festival has become a platform where one of our most cherished heritage symbols meets the pulse of society, carrying a clear social message: to reconnect individuals with their environment and the traditions that shaped their national identity." Strategic Partnerships The CEO emphasized the pivotal role of partners and official sponsors in ensuring the success of Dubai Date Festival, stating: "We highly value these partnerships, which serve as exemplary models of cooperation between public and private sector entities, and play a vital role in enhancing community awareness of our economic, cultural, and literary heritage." He went on to highlight that the focus of the festival is on the social value of the palm tree rather than its commercial aspects: "At the Hamdan Bin Mohammed Heritage Center, our focus in Dubai Date Festival has been to support the palm tree socially—not commercially. Every initiative we undertake is aimed at reinforcing the palm tree's role in our society." Bin Dalmook concluded by extending his gratitude to the media: "The role of the media is no less significant than ours—it is, in fact, an extension of our mission. The media serves as a bridge that connects our authentic heritage with the community, presenting it in a contemporary format while preserving its essence. We thank every media institution that has been, and continues to be, a part of this national endeavor."
Khaleej Times
25-06-2025
- Business
- Khaleej Times
Dubai Court orders hospital equipment auction to settle Dh3.07 million in unpaid wages
The Dubai Court of First Instance has ordered the auction of medical equipment from a private hospital located in City Walk to recover unpaid dues owed to doctors, nurses, and other staff. The auction, scheduled for Tuesday, July 8, will be conducted by Emirates Auction at its Ras Al Khor premises at 5pm, according to a public notice published in a local newspaper on Tuesday. Buyers can also bid online through the auction company's website. The case was filed by several hospital staff, with the court awarding approximately Dh3.07 million in unpaid salaries. To recover the amount, the court ordered the seizure and sale of hospital assets. The move follows an earlier seizure order issued after the hospital failed to settle long-pending dues. A site inspection by a court-appointed executor in March 2024 catalogued all medical equipment and furniture now slated for sale. The full inventory—including X-ray machines, automated analysers, bronchoscopy tools, patient beds, infusion pumps, and blood pressure monitors—has been officially valued at Dh16.65 million, according to the court notice. Khaleej Times had reported in November that the court had ordered the seizure of hospital assets following months of unpaid salaries. According to Dubai Courts, anyone wishing to object to the auction must submit supporting documents at least three days before the scheduled date.
Zawya
30-04-2025
- Business
- Zawya
Ajman Land Department and Emirates Auction sign cooperation agreement to organise real estate auctions
Ajman, The Department of Land and Real Estate Regulation in Ajman has signed a cooperation agreement with Emirates Auction, the Middle East's leading company specialised in organizing and managing public and online auctions. Under the agreement, Emirates Auction will handle all real estate auctions referred by the Land Department, whether public or online, as part of both sides' commitment to modernising the real estate sector and accelerating the digital transformation efforts in line with the Zero Government Bureaucracy Programme. The signing ceremony took place during the third edition of the Ajman Real Estate Investment Exhibition, which was organised by the Department of Land and Real Estate Regulation under the patronage of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman. The agreement was signed by H.E. Engineer Omar Bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, and H.E. Abdulla Matar Al Mannaei, Chairman and Managing Director of Emirates Auction, with several directors and officials from both sides present at the signing. Strengthening Strategic Partnership Under the cooperation agreement, both parties will work to expand the scope of their strategic partnership and strengthen coordination on real estate auctions falling under the jurisdiction and procedures of Ajman's Department of Land and Real Estate Regulation. Emirates Auction will be responsible for organising all auctions referred to by the department, in line with its regulations and guidelines. The company will also be committed to using the latest digital technologies to ensure the efficient and transparent management of auction processes. Innovative real estate services H.E. Engineer Omar Bin Omair Al Muhairi emphasised that the agreement is part of the department's ongoing efforts to provide innovative and competitive real estate services. 'Hence, we are committed to improving customer experiences, expanding auction options, and streamlining procedures, as well as maximising returns, thereby supporting our goals of creating a sustainable real estate investment environment and establishing global leadership in innovative real estate,' Al Muhairi said. He added that the collaboration with Emirates Auction stems from the company's industry-leading expertise and advanced capabilities in organizing and managing both public and online auctions. Significant Addition For his part, H.E. Abdulla Matar Al Mannaei stated that the cooperation with the Department of Land and Real Estate Regulation represents a significant addition to Emirates Auction's growing network of strategic partners and a clear testament to the trust in the company's reputation, performance, and services across the UAE and the region. Al Mannaei also noted that this partnership will contribute to the continued growth and development of Ajman's real estate sector. He affirmed that Emirates Auction is committed to applying global best practices and standards, ensuring the highest returns for the department, while also enhancing customer satisfaction through advanced, world-class bidding systems. He also commended the department's efforts and the continued success of the Ajman Real Estate Investment Exhibition, which he described as one of the region's leading real estate events, thanks to the promising investment opportunities it offers to both investors and entrepreneurs in the sector.
Khaleej Times
21-03-2025
- Automotive
- Khaleej Times
Why Dubai's elite are paying millions for the perfect number plate
From some of the most luxurious properties to the best restaurants in the world, the UAE caters to the needs of the rich and the famous. However, one thing that is truly unique to the country is its craze for fancy number plates. On Saturday, a Dubai businessman shelled out a whopping Dh35 million to snap up the plate DD 5 at a charity auction. As hefty as the price sounds, it is not the most expensive number plate to be sold in the country. That laurel belongs to an anonymous entrepreneur who spent Dh55 million in 2023 to own the Dubai vehicle number plate P7 after a fierce bidding war. That rewrote a 16-year history created in Abu Dhabi by Emirati businessman Saeed Abdul Ghafar Khouri in 2008 when he bought the number plate 1 for Dh52.5 million. But what is it that makes number plates such a valuable asset in the country? 'The UAE is one of the only markets in the world where a good plate number is almost like gold,' said Naim Eyvazov, CEO of Evana Homes and a number plate enthusiast. Hailing from Azerbaijan, he said he has not seen a market as competitive as the UAE. 'The country has become a haven for storing your funds or part of your economy in a number plate. I have lived in the US and travelled all across Europe. There is no such thing as a business in fancy numbers like here.' Naim, who runs his business along with his mother Eva Huri, said the duo religiously attends events by Emirates Auction to understand the market. 'I have always had an eye for fancy numbers, but I never realised what a competitive market it was until we moved to the UAE 12 years ago,' she said. 'You don't have to study or (have a fancy degree) to enter this market. If you spot a good plate number, you can snap it up and make good business out of it.' Taste of luxury Naim said that with many dollar billionaires in the UAE, it is not surprising that number plates were such a huge market in the country. 'It means that they have a taste for luxury,' he said. 'These plates are probably the best accessory you can add to your car and your car is deserving of an accessory because you drive it every day. Over here, you even drive more than you walk. So, it is worth spending on it. Whether on the roads or at the destinations you go to, a good number plate gives you instant respect.' He added that he had invested in a number plate and reaped the result. 'I bought the palindrome number 63363 about eight months ago,' he said. 'Today, the price has already tripled. So, it is a really good investment idea as well because the price of number plates will never go down.' His theory was that the larger the white space on a number plate, the more valuable it becomes. If you ask me, I would say that the most valuable number plate would be an 11,' he said. Way of life For 13-year-old Abdulkader Walid Asaad, numbers are just a way of life. As the son of an avid fancy number plate collector, he has seen his father attend auctions and buy plates that he took a fancy to. 'I have always seen my father being passionate about fancy numbers and that is just in my DNA too,' he said. 'For the last two years, I have been accompanying him to various auctions. Often, I am the youngest in the room.' On Saturday, the grade eight student along with his father successfully bid for the number plate DD 24, buying it for the handsome price of Dh6.3 million. 'Number plates are an identity,' he said. 'It gives you a status that simply a car cannot. I also have several other number plates as well as fancy phone numbers. It is a passion for my father and me, and I know that this is something I want to continue doing when I grow up.' The eldest of three children, Abdulkader said that he hopes his younger siblings will follow in his footsteps once they grow up. Aspiration When Indian entrepreneur Amjad Sithara, founder and chairman of the BCC Group, first arrived in Dubai in 2008 to work as an employee in a company, the only thing he focused on was to survive. Buying a number plate or even a car was not on his horizon. All that changed the first time he saw the car of his hero — Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai. 'I saw a photo of his Mercedes G-class car with the number plate 1 and was just mesmerised,' he recalled. 'I knew that one day I wanted to buy that car and a similar number plate.' In 2010, he bought his first vehicle — a Mercedes G-class. 'At the time, I only had money for the car, not a fancy number plate,' he chuckled. 'I could only afford a four-digit number plate. So, I bought the M8598 because that was the only one available. I paid Dh5,000 for it. Today, the value of that plate is Dh25,000. So, it was a good investment.' Since then, the construction tycoon has amassed 12 numbers of the same series. 'I have T8594, S8595, U8593, and so on,' he said. 'Starting from 2010, every year I would buy a car and for each car, I would buy a number plate of the same series.' Last month, Amjad splurged on the most expensive plate he has ever bought — a three-digit one. 'After years of dreaming, I finally bought a Rolls Royce and for this car, I decided to go the extra mile and get a three-digit number which was an R859,' he said. 'It cost me Dh450,000. I think of it as a really good investment.' Although his dream of buying a plate with the number 1 on it remains unfulfilled in the UAE, he bought it in India. 'I like to achieve my dreams, so I went to India and bought the exact same Mercedes G-class and a number plate with 1 on it,' he said. 'That dream was one of the biggest drives for me to achieve everything I have achieved so far.'
