Residential rental growth is expected to continue until there is adequate supply in the market.
The deal is due to be completed in the second half of 2014, a statement said.
Luxury Hong Kong-based hotel company makes its first foray into the Middle East and chooses Dubai as the first resort in its global collection.
The company made a net loss of $84.8 million in the three months to March 31.
All newly detected cases have shown no outward symptoms of the virus, HAAD said.
The bank made a quarterly profit of 39.76 million rials ($103.3 million) in the three months to March 31.
Prince Bandar, a former ambassador to Washington, was appointed as the chief Saudi spy in July 2012.
The reported gas attacks posed a clear challenge to the Security Council decision to dismantle Assad’s chemical arsenal, a senior official said.
Sahara blamed the decline on lower sales, citing a planned shutdown of Al Waha plant as well as lower income from associates.
Dubai’s real estate market still has plenty of growth opportunities, says the CEO of property brokerage service provider, Dar Al Aqar.
The blaze was reportedly caused by a fault in the restaurant’s recently installed electric signage.
The extended ban, issued by the Ministry of Manpower, will come into effect from May 4 this year.
The Sharjah-based low-cost carrier has been designated the new airline of Ras Al Khaimah following the closure of RAK Airways.
The company’s past financial statements show it last reported a quarterly profit in the first quarter of 2009.
The deadline for bids for the engineering, procurement and construction (EPC) contract is May 11, a senior executive said.
The airline’s growth in revenue was aided by an increase in passengers resulting from its codeshare and equity partnerships.
Proceeds will be used to expand the $1 billion Worlds of Adventure theme park.
Religious clerics found preaching about politics during their Friday sermons could lose their jobs, the ministry said.
The bank attributed the profit rise to a drop in operating expenses.
The current hotel supply pipeline is only linked to the emirate’s 2020 tourism strategy, says Helal Al Marri, the head of Dubai’s DTCM.
The firm made a profit of $76.3 million in the three months to March 31.
Police raids and an amnesty on fines for immigration violations last year caused over a million foreigners to leave voluntarily.
Ma’aden made a profit of 125.2 million riyals ($33.4 million) in the three months to March 31.
The Japanese car maker sold around 5,892 units in the region during its financial year ended March 2014.
One person died from MERS and five others have been infected with the disease in the Emirates, it was reported last week.
The move was facilitated by the emirate’s official foreign investment development agency Dubai FDI.
The guards came under heavy fire from the Yemeni side of the border at about 3 a.m in the eastern part of Jizan province.
A conservative approach to lending has hampered the growth of the Kingdom’s banks, according to a new report.
The country’s fourth-largest lender by assets said net profit for the first quarter was $31.1 million.
The new collection of Mira Oasis townhomes follows strong investor interest, said the Dubai developer.