Investor confidence in the capital’s property market has returned with off-plan projects being sold out, according to a report by Asteco.
Factors such as oversupply and weak occupier demand have led caused rental rates to stagnate.
A total of 15,797 BMW and Mini vehicles were sold in the region with the UAE accounting for half of total sales.
Strong revenue from property development along with improving performance in Nakheel’s retail, leasing and leisure businesses contributed to these results, the company said.
Deal first announced as a commitment at the 2013 Dubai Airshow has now been finalised
DP World owns one-third of Djibouti’s Doraleh Container Terminal.
The offer is open to investors in Damac projects in the Burj Area, Dubai Marina, Jumeirah Village and AKOYA by DAMAC.
Kazakhstan is introducing a 15-day visa-free regime for citizens from 10 countries.
The Kingdom typically increases production during the hot summer months to meet a surge in electricity demand.
Dubai carrier decides to call time on Ukraine service which launched in January
Dubai recently announced plans to build the “Mall of the World”, including the world’s largest mall, a theme park and 100 hotels and serviced apartments.
The UK’s Serious Fraud Office reportedly questioned and arrested four former and current employees at Airbus unit GPT Special Project Management.
Sheikh Ali Salman from al Wefaq and his political assistant were summoned by authorities after they met visiting US official Tomasz Malinowski.
The spot silver contract will follow the launch of the first spot gold contract by the DMCC.
The deadline for all SIM registrations will end on July 16, 2014, the UAE telecom operator said.
The sovereign is rumoured to have appointed banks to manage the transaction and could launch the deal as early as September, the bankers said.
The bank made a net profit of QAR2.7 billion ($741.7 million) in the second quarter of 2014.
The investment will focus on expanding the amount of power generated in the Middle East and North Africa through green methods.
The Abu Dhabi airline carried 6.7 million passengers during the first six months of the year.
Emaar has launched many new residential projects this year and is also expanding its flagship Dubai Mall.
Through the use of the app, check-in time will be reduced to two minutes per passenger, the airline said.
ADNOC is reportedly planning to take up to two million tonnes capacity in India.
Billed as being the ‘world’s best selfie smartphone,’ the C3 will be released in the UAE at the end of August.
As per the deal, by 2019, Al Jaber will be able to utilise rail transport for its logistics operations.
The certificate allows Limitless to legally move forward with the Halong Star project in Vietnam.
The free zone registered 1,027 companies in the first six months of 2014.
Operator foresees residence demand boom on back of Kingdom’s FDI growth
Authorities were investigating where the rockets were fired from
Deal provides Abu Dhabi carrier with access to Gol’s domestic network as well 14 destinations across Latin America
Commercial Bank of Kuwait is in the process of being converted into a full-fledged Islamic bank.