The Dubai index jumped three per cent, hitting a two-month closing high of 3,942 points.
The regulator penalised Deutsche Bank on finding “serious contraventions” in the lender’s Dubai operations.
Over 60 per cent of residents plan to move to a new home before their next lease renewal, finds new survey.
The bank made a net profit attributable to shareholders of Dhs816.7 million in the first quarter of 2015.
The developer made a quarterly profit of Dhs55.2 million in the three months to March 31.
The firm said in January that the cash would be used to fund the company’s general corporate needs, new developments and growth plans.
Properties in close proximity to the new stations may receive stronger interest, even in the short term, Valustrat said.
Noor Bank said its sukuk programme had been arranged by itself as well as Citigroup and Standard Chartered.
Those finding abandoned plots of land in Dubai are required to report the property to the police within 48 hours.
Alain Robert, 52, climbed the 75-storey tower in Dubai Marina in 65 minutes.
Delano Dubai, 110-key deluxe hotel apartments, will be a part of a mixed-use resort development The8 in Pam Jumeirah.
The exchange is still in talks with a local bank about the contract.
The company’s latest portfolio of projects includes residential properties in Riyadh and Dubai and a commercial tower in Riyadh.
Apartment and villa prices in Dubai fell marginally in the first quarter compared to Q4 2014, the report found.
The hotel is part of a development that also includes two residential buildings, Drake said in a bourse statement.
The fund will offer between Dhs50,000 and Dhs5 million to start-ups and existing businesses in Dubai.
Discussions had begun with court officials in Shanghai confirmed DIFC Courts’ Registrar Mark Beer.
The emirate’s new 21 million sqft design district is set to include galleries, studios, workshops, boutique stores and museums, plus office and residential space.
Many global designers including Rami Al Ali, Furne One Amato and Michael Cinco are also establishing their presence in the project.
Mohamed Alabbar said there needed to be additional controls on local property companies when it came to attracting foreign investors.
The project will extend the Red Line to the Expo 2020 site and will add 15 kilometres in length and seven stations.
The airline will deploy its two-class configured A380 from December 1, 2015 on this route, significantly increasing capacity.
The Emaar chairman has refuted allegations that his role on the board of other property companies is causing a conflict of interest.
The syndication phase was launched on Wednesday and will allow additional lenders to join in the facility.
Saudi-based Binladin is the first company to win a contract for the mega 31 million sq ft Town Square development in Dubai.
The second A380 service will begin from October 1, 2015, adding 945 seats per week on the route.
The first phase of the project will consist of 240 one bedroom apartments with prices starting at Dhs536,892.
The fund’s latest acquisitions include the W Hotel in Washington D.C., a majority stake in New York’s Mandarin Oriental and minority stake in One&Only Cape Town.
Apartment rates in Dubai saw a drop or gain between one and three per cent, while villa rates were largely unchanged.
The projects include a 12 million sq ft mixed used development in Deira Islands that will feature a massive mall with a glass dome.