The drop was a fresh sign of a collapse of sentiment among retail investors in Dubai, who have dumped stocks as oil prices have hit five-year lows.
Initially launching as a twice-weekly service, a third service will be introduced in January.
The online pictorial map of the city allows users to navigate through several levels of the 830 metre tall Burj Khalifa.
Dubai’s Omniyat broke ground on a 225-unit tower in Dubai Maritime City on Tuesday, which the developer valued at Dhs600 million ($163 million).
The projects include a polo resort and club, a new Metropolitan hotel and a residential villa development.
The course will be operated by the Trump Organisation and will open by 2017, the developer said.
The sell-off in Dubai and across the region came after the price of Brent crude hit a new five-year low of $65.33 per barrel.
The three-times-weekly service will begin operating from November 2015.
The main Dubai index drop almost neared its July low as panicky retail investors began selling off.
The facility, situated in Dubai World Central, is scheduled to be completed by 2015, the company said.
Brent crude oil fell more than $2 a barrel on Monday to a new five-year low.
Waldorf Astoria Palm Jumeirah reveals the details of its royal suite, the largest in Dubai.
The facility will now have a new production line for Snickers, and employ 50 additional people.
Dubai Parks and Resorts will list its shares on the Dubai Financial Market on Wednesday.
The aircraft descended from 39,000 to 10,000 feet in five minutes before landing safely in Perth.
Dubai’s stock index edged down 0.5 per cent as most stocks declined in low-volume trading and heavyweight Emaar Properties fell 1.1 per cent.
Around 30 per cent of all BBJs in service are operated by Middle East customers.
Sheikh Maktoum led the financial services firm for the last three years and helped turn it profitable again.
Gulf Business takes a tour of Sony’s submerged Xperia Aquatech store in Dubai, diving four metres underwater to see the ‘waterproof’ phones.
The city should provide innovative public transport options to residents and tourists, say experts.
The government has enough headroom to fund its developmental projects through a healthy debt-equity mix, director-general of Dubai’s department of finance said.
Will the Dubai Tram persuade more residents to switch to public transport and have a wider impact on the economy?
Luxury lifestyle brand ends 10-year search and teams up with Meraas Holding
The firm has chosen Citigroup, Emirates NBD and Societe Generale to arrange the loan, sources said.
The company said that it will use the cash infusion to expand its business to new markets and to develop its technology and operations platform.
The Hartland International School, the first educational venture by Sobha, is slated to open in September 2015.
The firm sold 40 per cent of its shares at Dhs1 per share to individual investors and institutions.
In the first 10 months of this year, traffic climbed 6.1 per cent to 58.41 million.
The airline will continue to sponsor the club’s shirts until the 2019/2020 season.
The entity has been in talks to extend the maturity of the largest single repayment under a $25 billion debt restructuring agreement.