The project, slated for completion in 2015, includes a luxury five-star hotel, a villa complex and a commercial centre.
The contracting firm was hit by higher costs and dropping contract revenue.
The lender did not provide any reason for his resignation.
Retail must accommodate middle-class tourists’ needs as their numbers rise, say experts.
The 355-metres tall JW Marriott Marquis Hotel opens its first tower, adding 804 rooms to Dubai.
The emirate sees no need to recapitalise the support fund that helps state-linked bodies, said Sheikh Ahmed, head of the Supreme Fiscal Committee.
Commercial demand is increasing in areas like DIFC and Downtown Dubai, says new report.
The investment bank which has been through three CEOs in the past year posts Q3 loss of $3.78 million.
Sample Central allows members to take products home for free in return for sharing their opinions.
The airline’s president Tim Clark has said the carrier could make its most expensive purchase ever from Boeing.
Dubai-based Emirates will now serve as the official airline of the games and the Queen’s Baton Relay.
The Dubai-based contractor said it was looking at equity-linked fundraising options.
The company’s profit rose as it booked gains in the fair value of its investment properties.
DIB’s quarterly net profit remains flat despite a jump in provisions with impairments worth Dhs309 million.
Project contracts will be awarded by end of 2012, the Roads and Transport Authority has said.
Dubai Financial Market said revenue increased 16 per cent during the quarter to Dhs36.8 million.
The Dubai-based developer reported profit of Dhs156 million for the nine months of the year.
The airport handled 4.78 million passengers in September 2012.
The world’s third-largest port operator recorded a 0.7 per cent year-on-year fall in the third quarter.
The entertainment venue, which opened on October 21, saw 260,000 visitors during the first two days of Eid.
CEO Francesco Pesci speaks to Gulf Business about the brand’s expansion in the Middle East, its PPR takeover and James Bond.
New alliance will see regional website’s reviews published on global giant’s website.
Dubai’s prominent developer reveals slight drop in Q3 revenue and profit, despite rise for January-September.
The Dubai-based logistics firm reported third-quarter net profit of Dhs53.1 million.
The mortgage lender saw profits drop on higher provisions and funding costs.
Gulf Business lists 10 holiday destinations you can reach within five hours by flight from Dubai.
Mall of the Emirates earns $1,423 per square foot every year, says new research.
Dubai Ports is selling its minority stake in Vostochnaya Stevedoring to Global Ports Investment.
Pieces by Renoir, Picasso and Dali to go under the hammer as the region’s art market strengthens.
The Dubai-based lender saw third quarter net profit rising to Dhs640 million on lower provisioning.
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