Under the deal, Arabtec Construction will build over 1,500 townhouses in Emaar’s Reem community.
New survey attributed the higher than average rates during the start of the year to the holiday season.
The city’s third Sofitel will have a strong artistic flavour
Unrealistic pay rises during boom time might prove counterproductive to a company’s growth, expert says.
The developer said it booked sales worth $2.5 billion in 2013 compared with $661 million in the prior year.
Over 11 million guests stayed in the emirate’s hotels and hotel apartments last year with occupancy rates reaching 80 per cent.
Land prices in areas such as Studio City rose 15 to 20 per cent.
The 91 per cent acceptance means Al-Futtaim will hold 533 million shares in CMC, which distributes Ford, Suzuki and Volkswagen vehicles among other brands in the region.
The mall will be built in phases with the first phase measuring almost 300,000 square feet.
The low-cost airline announced full-year 2013 net profit of Dhs222.8 million.
The developer said that it will auction off residential plots ranging from 7,750 to 8,700 square feet on March 4.
The developer said it has allotted up to one million square feet for hotel and serviced apartment projects in the city.
Roger Federer beat Tomas Berdych 3-6 6-4 6-3 in the Dubai Championships final.
Dubai’s Department of Finance said that it has realised the importance of budget discipline and the need to regulate its property market.
The Halal zones will be situated in Jebel Ali Free Zone Authority (Jafza) and Technopark.
The developer auctioned off eight plots, selling each for an average of Dhs4.3 million on Wednesday.
Dubai Shopping Festival and the seasonal rush of holidaymakers have been instrumental in boosting passenger traffic.
The entire Green Line will be operational with the opening of Al Jadaf and Creek stations, RTA said.
The 1,600-company freezone now accounts for 8 per cent of Dubai’s trade
Earlier on Wednesday, Arabtec issued another statement saying its board had not taken any decision on the acquisition of another company.
No reason was provided for the suspension of trading.
The operational changes should also help safeguard horse welfare and ensure compliance with all relevant regulations, officials said.
The plots, each measuring 8,820 square feet, will be auctioned off on February 26 in the Nakheel Sales office on Al Sufouh road.
The supranational lender set initial guidance at mid-to-high 20s over midswaps, the document said on Tuesday.
Samsung unveiled the Galaxy S5, the latest generation smartphone in its flagship series, during the Mobile World Congress event in Barcelona on Monday.
Dubai’s market rapidly absorbed an influx of new hotels in 2013 whilst maintaining a healthy occupancy rate throughout the year.
Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.
Simon Crisford will take on a new role as Sheikh Mohammed’s global racing advisor.
The firm will provide complete MEP works for the automated passenger mover system (APM), which will connect Concourse 4 of Dubai International Airport to Terminal 1.
Spread across nearly six million square feet, the cluster will provide a dedicated area for companies manufacturing halal products.