The first phase of the new shopping mall – located in IMPZ – will feature 60 international outlets.
Authorities are still investigating the cause of the blaze.
The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.
Under the new ruling, cruise tourists can get a multiple entry tourism permit for Dhs200.
Sources suggested that the new sukuk, if successful, would be used to refinance a $1 billion syndicated loan taken in May 2012.
Emiratis accounted for the largest share of investment in Dubai’s real estate market- almost double the amount invested by other GCC nationals.
The developer booked sales of $1.68 billion in the first half of 2014, up 75 per cent from a year earlier.
The Dubai-based carrier is the world’s largest operator of Airbus’ A380 jets.
The tramway project is slated to officially launch in November this year.
The fire was quickly put out and all 349 passengers and 19 crew safely disembarked at the airport.
Dubai ruler’s Twitter followers crossed three million while his Facebook fans amounted to two million along with a million followers in both Instagram and Google+.
The company is also building a factory in Dubai to keep pace with its growth plans in the region.
Emicool, a venture between Dubai Investments and Union Properties, plans to expand into Saudi and Qatar in coming years.
The company made a profit of Dhs25.88 million ($7.05 million) in the three months to June 30.
Shares of Dubai-based construction firm Arabtec’s went on a roller-coaster ride last month, taking the wider Dubai Financial Market down with it. What went wrong?
The Dubai-based carrier will add a second daily service to Morocco from September.
The company said that it would shortly make an initial payment to creditors of approximately Dhs2 billion ($545 million), with the remaining debt to be paid over a 12- year period.
The growth in passenger traffic was mainly due to the temporary shift of almost 600 flights from Dubai International during the runway upgrade project.
The bidding process for the 2024 games is expected to begin in 2015, and the winning city will be revealed in 2017.
The Dubai-based airline said it will continue to operate flights to Basra and Baghdad.
The hotel called ‘Suites in Skai’ had 234 hotel rooms, 234 one and two bedroom apartments and 33 penthouses for sale.
The plot spread across 55 million square feet of land is almost 30 per cent larger than Damac’s current biggest project Akoya.
Dubai’s real estate sector offers a number of medium to long-term investment options for foreign buyers, an expert says.
The contracts were awarded to subsidiaries of the interior contracting company.
The HSBC UAE Purchasing Managers’ Index was at 58 points last month, down from 58.2 points in June.
New services to the ‘windy city’ provide Emirates with new destination and transfer opportunities
The sale is one of the largest asset disposals by the state-owned investment unit since the 2009 debt crisis.
The Dubai developer’s net profit was boosted by increased revenues from its malls and hospitality businesses.
The low-cost carrier will fly to Tehran from August 11 and Mashhad from August 10.
In May, Dubai Investments divested a 66 per cent equity stake in Globalpharma, which contributed a profit of Dhs472 million.