With 25 to 35 per cent of buyers in Dubai depending on mortgages, regulations that limit lending have been instrumental in easing the growth in luxury house prices.
The Dubai benchmark added 0.5 per cent in the first hour of trade with builder Arabtec rising 1.5 per cent.
The Royal Estate project, which was stalled in 2008, was relaunched this year as a joint venture between developers Aristocratic Star, PAL Developments and Pacific Ventures.
The developer is offering its investors an option to convert its Global Depositary Receipts (GDRs), listed on the London bourse into ordinary shares that would be listed on Dubai’s stock market.
Emirates also suspended all its flights to Kiev and none of its planes fly over the Ukraine airspace.
Growth in Dubai’s retail sector is stimulating demand for warehouse and distribution facilities, says report.
The new mall will feature an entertainment zone and an ice rink and will anchored by a LuLu hypermarket, the retail giant said.
Net profit climbed to Dhs103 million ($28.1 million) in the three months to June 30 from Dhs92 million a year earlier, the company said in a statement.
Ismaik cut his stake to 28.77 per cent from 28.85 per cent, the website of the Dubai Financial Market showed.
Dubai’s largest lender expects to see its lending grow by four to five per cent this year, the bank’s finance head Surya Subramanian told reporters.
Aramex posted a second-quarter net profit of Dhs80.8 million compared with Dhs72.3 million in the corresponding period of 2013.
Passenger traffic through Dubai’s main airport dropped 8.5 per cent from a year earlier in June to 5.07 million people.
DIB’s earnings were boosted by a 34.5 per cent increase in income from commissions, fees and foreign exchange.
Volumes were boosted by new business at its London Gateway facility and Embraport in Brazil.
The lender made a net profit of Dhs1.31 billion in the three months to June 30.
Marka’s listing would be the Dubai Financial Market’s first flotation for five years.
Real estate deal value in Dubai fell to Dhs52 billion during the second quarter of this year from Dhs61 billion in the first quarter of 2014, official figures reveal.
The company made a quarterly consolidated net profit of Dhs62.5 million ($17 million) compared with Dhs27.3 million in the corresponding period in 2013.
The low-cost carrier will operate direct flights to the Indian city five times a week from October 28.
The firm made Dhs12.8 billion ($3.5 billion) in the six months to June 30, it said in a statement.
Residential rents in Dubai grew 20 per cent year-on-year during the second quarter of 2014, with apartments seeing the strongest rise, a CBRE report says.
The 14-acre luxury resort, located in Jumeirah Beach, features a Spanish-Mediterranean feel with Arabian accents.
Public transport users can use their expiring NOL cards until they finish their balance amount, RTA said.
NBAD made a net profit of Dhs1.42 billion ($386.6 million) in the three months to June 30, the bank said in a statement.
The Loretto project, which has nearly 300 luxury apartments, is located in Damac’s flagship AKOYA development.
The number of flights to the airport surged 31 per cent with the opening of both the runways, Dubai Airports said.
Dubai’s main stock index fell 1.4 per cent as builder Arabtec declined by 3.7 per cent.
The Marina 101 project in Dubai, being developed by Sheffield Holdings, is slated for handover in early 2015.
Dubai Municipality plans to begin restructuring all the major parks in the emirate to make them more accessible for disabled people.
Arabtec tumbled its 10 per cent daily limit while the Dubai index dropped 3.9 per cent.