The Dubai Mall, which was evacuated after a massive aquarium sprung a leak this week, re-opened on Friday (local time), according to media reports.

However, a glass tunnel running through the giant aquarium is still closed to the public as a precaution, the authorities responsible for the main attraction in the Gulf emirate, once thriving, he said.

The perimeter of the aquarium, said to be the largest in the world and has a number of different fish, including sharks, was cordoned off and shops around him late Thursday.

The Khaleej Times reported on its website that the flight had been lower, with buyers allowed to approach the tank and its surroundings again on Friday.

According to an official of the Dubai Mall, the tunnel is likely to open after the weekend, once the technical team conducted an exhaustive check.

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“Is rape was not a major, a minor crack and is fixed in an hour,” the official told the Times on condition of anonymity.

Dubai Mall, which has 1,200 shops, is the largest mall in the Middle East. Located at the foot of Burj Khalifa, the world’s tallest tower.

The Dubai Aquarium Videos

The newly discovered oil field offshore Al-Khalil is expected to begin large scale commercial production of oil in 2011, giving a boost to the economy of Dubai.

The new oil field, named after the daughter of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, will be the fifth production of the fields in Dubai, since oil was discovered in the 1960s, the Media Office of the Government of Dubai has said.

Initial research and exploration in new oil field off the coast of Dubai provides for commercial scale production within a year, the statement said.

The new field in particular, should “increase oil production in Dubai, whose current oil reserves are about 4 million barrels,” the statement said, adding that could help boost the emirate’s electricity production.

Prime Minister of United Arab Emirates select property portfolio managers, have revealed that the online portals are becoming more marketing tools in real estate, as evidenced by the latest trend in Internet searches for properties in Dubai , which witnessed a remarkable 45.5 per cent increase according to a recent Rightmove Overseas Research Report.

Leo Sterling also pointed to a survey by the National Association of Realtors (NAR), the largest trade association in the U.S., which show that up to 90 percent of homebuyers are now looking for properties online such as the Internet offers a more comprehensive and accessible avenue to a range of value added features such as multiple photos, videos, mapping functions, and the host of relevant real estate.

The new business paradigm directed line Leo has allowed Sterling to build a competitive advantage in its target markets with the completion of a full upgrade of its online portal, which now includes up to five languages, and provides a wider range of focusing on the client has the support such as full search capabilities of its database, live chat, real estate market advice and the sale and purchase guides. With Internet penetration in the UAE about to reach 70.5 percent in 2013 over 3.77 million people expected to regularly use different online applications, Sterling Leo revealed that he intends to take advantage enormous market potential in the country for online-based services and offers.

Laura Martorano, CEO and founder, Leo Sterling, said: “The Internet is becoming more, not a technology solution indispensable in offices, but only in households in the United Arab Emirates and in our target markets worldwide. Our goal is to complement this trend and help customers and Internet expert real estate agents to maximize their time online by offering value added services of real estate through our newly updated portal. ”

“Information is a key element in real estate, buyers want to gather as much data before they begin negotiations with real estate agents privately owned. The Internet has helped us meet this fundamental requirement of our customers and We are very happy to see the enthusiastic response to our new range of facilities-based line of support. Our new online offerings reflect Leo Sterling’s continuing efforts to develop innovative and dedicated services that customers benefit from all our target markets, Martorano said.

Developed by a highly experienced, multilingual team of international experts and practitioners, Leo Sterling has been aggressively strengthening its market presence through an extensive, long-term strategy growth in the property sector in the UAE. Leo Sterling has also established a new regional office in London, trying to further strengthen its growing customer base in the UK and Europe.

Armani Hotel Dubai, the first hotel opened by the collaboration between Giorgio Armani SpA and Emaar Properties PJSC, will be officially launched on 18 March 2010, was announced today.

Exclusively located in the Burj Dubai mark the world’s tallest building, the Armani Hotel Dubai is the first in a series of hotels, resorts and residences designed by Giorgio Armani to open around the world and marks the debut of teacher Giorgio Armani fashion in the entertainment world. Defined by its unique location, high standards of aesthetics and excellence in service, the Armani Hotel Dubai will be the most exclusive destination in the city.

The online reservations for the Armani Hotel Dubai go live in late January 2010 and future visitors can register online at www.armanihotels.com to get more details about the hotel.

The opening of the Armani Hotel Dubai will be followed by the launch of the Armani Hotel Milano. Other properties under way include the first Armani Resort planned for Marrakech villas and the first Armani Residences, Marassi for Egypt. Moreover Armani hotels, resorts and residences will open later in major international destinations like New York, Tokyo, Shanghai and London.

Pierre Marcout, CEO and Artistic Director, International Prism is expected to stun the world with Dubai and other unique creation for the opening ceremony of the Burj Dubai and talks to Phil Blizzard about what it means to have this honor and the challenges they face.

Abdul Rahman Al Saleh, Director General of Dubai Department of Finance, said the group will be able to overcome the situation by restructuring its debt and selling its own assets.

In an interview with Al Jazeera TV, quoted by UAE daily Gulf News on Monday, added: “The main aim of restructuring Dubai World is guaranteeing the continuity of its operation as a viable commercial entity. Liquidity or availability of cash – is not the problem. The issue is the future of the company. It is in the interest of the Company to restructure or provide liquidity to ensure that it remains sustainable in the long term. ”

Al Saleh said Dubai World and Nakheel’s problems originate in the short-term loans to long-term projects.

Al Saleh added that the financial support of Dubai, established in July this year, could extend support to Dubai World, where necessary, but reiterated the government’s position that there was no government guarantees on debts Dubai World.

Sports cars are not enough. Ferrari-branded goodies are expanding. Behind the sunglasses, perfumes, laptops, etc. .. Now he is taking with its own Disneyland theme park. Doors open in 2009 in Abu Dhabi, the capital of the UAE.

A large slice of desert on the island of Yas will be reclaimed at the park headquarters, which includes 24 attractions, including a 70-meter high, G-Force Tower and what purported to be F1′s first roller coaster ride double mark, allowing races between carriages.

What else will you be there? This is a general outline, including a racetrack headquarters for Abu Dhabi Grand Prix in 2009, elegant hotels, apartments, villas, a golf course and marina, dozens of restaurants and shops … you get the idea.

All this will cost around £ 300 million.

Ferrari World Abu Dhabi ( Video )

They do things differently in Dubai. They like their material larger, taller, and more expensive than elsewhere. So it only makes sense that the highest arch bridge in the world Bult there. This bridge, designed by NY architecture firm FXFOWLE, will be the largest and tallest arch bridge in the world, a mile long and 670 feet high. Construction is due to conclude in 2012 after running some U.S. $ 817 million U.S. dollars.

If any real city on our planet can claim an active role in creating the urban landscape of the future is likely to Dubai. Artificial islands arranged in the shape of the world? Check. The world’s only seven star hotel? Check. And in 2012, will also become home to the biggest, tallest arch bridge ever. It really looks beautiful and amazing Dubai is building fast.

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The agreement to run the service signed by the Ajman Municipality and the Dubai Roads and Transport Authority (RTA), the newspaper said.

“The project is part of the strategy for the city to improve its services, enhancing its partnerships with other entities and providing better services and facilities for the public, Mohammad Omar Al Muhairi, Director of Planning and Survey Department in Ajman Municipality, told the newspaper.

Two taxi stands will be built – the Ajman Corniche and the fish market – which are easily accessible to travelers, the newspaper reported.

Sami Al Ansari, CEO of Ishraq Gulf Estate Holding, said the huge increase in the number of available rooms presented the next challenge for the hotel sector, struggling this year amid the global economic slowdown.

Ansari, who is a member of the Arabian Hotel Investment Conference (Ahiqar) ‘s Advisory Board, said: “2009 has been a challenge for the hotel industry in Dubai, the collapse of demand for hotel rooms, as a result of the recession, along with a huge increase of 17 percent in inventory rooms led occupation of 15 percent and revenue per available room by 35 percent so far this year compared to 2008. ”
He added: “The signs of improving demand for the rest of 2009 are evident, however, continued pressure on room rates, as a result of fierce competition.

He said the cautious outlook for 2010 was “as much will depend on how quickly the world economy can recover for the benefit of both leisure and business demand for hotel rooms in Dubai.”

He added: “The challenge remains with the entry of new rooms supply estimated at 15 percent in 2010, increasing rooms to 54,000 in Dubai. This is an offer impressive additional 40 percent compared to 2008 .

Ansari, one of a number of key members of the hospitality industry in the region who were in Dubai on Sunday before the next Arabian Hotel Investment Conference to be held May 1-3, 2010.

The meeting comes at a critical time for the hospitality sector in the MENA region, which has seen a decline in occupancy rates, but since then has revealed a promising development pipeline of 468 hotels with 126,464 rooms, according to Global 2009 August STR reporting gas pipeline.