A new study shows that the emirate rose to the third position this year, up from the eighth position in 2013 in the list of most popular destinations for China’s rich travellers
The GCC luxury goods market has continued to grow fast, at a rate of five to eight per cent.
The 750kg reptile, brought in from Australia, becomes latest attraction in Dubai Mall, as Emaar seeks to boost visitor footfall.
Bids for phase one are due by August 14.
Experts, including the IMF, have called for more regulations to govern transactions in Dubai’s off-plan property market.
Shares in Arabtec, one of the most heavily traded stocks in Dubai, have plunged 48 per cent from their May peak.
DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.
Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.
The level of Aabar’s stake in Arabtec is important because the deep-pocketed fund has backed the construction firm’s expansion to become one of the region’s largest builders.
In a brief statement on Sunday, Dubai Financial Market said the stake had now risen slightly to 18.94 per cent.
The move reflects a rebound in investor confidence in the JLT development, says chairman.
Dubai house prices posted the fastest year-on-year rise of any of the world’s major markets in January-March, soaring 27.7 per cent.
Arabtec shares dropped 2.4 per cent, a much smaller fall than the 7.8 per cent drop on Tuesday.
JP Morgan is acting as the global coordinator for the bond sale.
Arabtec shares have plunged 30 per cent in the last four days as a major shareholder, Aabar, cut its stake in the company.
The café, themed around Spanish club Real Madrid, is located in The Beach Mall in JBR.
The 10-year sukuk received orders worth more than $5.4 billion.
The Dubai carrier cancelled its entire order of 70 A350 XWB aircraft following a “fleet requirement review”.
The developer said it has instructed Deutsche Bank to make the payment on the due date of June 15, 2014.
The $750 million Islamic bond received orders worth more than $5.5 billion from investors.
Share prices in Dubai builder Arabtec fell 24 per cent in the previous three sessions.
Emirates placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.
Stalled during the global financial crisis of 2009 and afterwards, here are five marquee construction projects that are now up and running again.
Arabtec, which had more than tripled in value this year, saw share prices dropping 24 per cent this week.
The popular Pakistani singer launched his new album in the city on Monday.
The offices, located at the Business Park Free Zone, will include small, medium and large units.
The UAE’s central bank warned that the emirate’s property market might be overheating.
Villas from the Dhs7 billion residential project will be handed over to buyers in December 2014.
The potential benchmark sukuk comes ahead of plans by Emaar Properties to sell a quarter of its unit to the public.
Shangri-La will manage the 52-level luxury hotel in Nakheel’s Palm Tower development.