Around 31 per cent of the UAE’s online shoppers said that they had stopped online purchases due to extra costs.
Brace of city hotels to complement upcoming Palm Jumeirah resort
Bubbles are a natural part of Dubai’s growth cycle, writes the author of ’10 Tips For Leadership In The Middle East’.
Investors subscribed Dhs10 billion ($2.7 billion) to the fixed offer of 275 million shares in Marka , which were priced at Dhs1 each.
Emirates NBD is Dubai World’s biggest creditor with an exposure of more than Dhs9 billion($2.5 billion), against which it has set aside provisions of five per cent
Much of Emaar’s growth is expected to come from projects worth billions of dollars within Dubai.
The company will use available funds to repay the amount, which is the remainder due on a $555 million facility maturing in December 2015.
The exchange made Dhs215.1 million ($58.6 million) in the opening three months of 2014, compared to Dhs27 million in the same period last year.
The firm will undertake the civil construction portion of the mixed use development in Algiers, it said in a statement.
The company said its profit for the three months to March 31 would likely be Dhs265 million ($72.2 million).
Initial price thoughts on the Islamic bond have been set between 5 and 5.125 per cent.
Newly installed general manager wants a broader range of guests and seeks to capitalise on Emirates’ global network
The launch continues Deyaar’s move into the hospitality sector.
Emiratis invested around Dhs7 billion in Dubai property while Indians continued to be the top foreign investors with transactions worth Dhs5.8 billion.
The developer has appointed AE7 for design, supervision, architectural and engineering services.
The 80-day renovation programme at the airport will begin on May 1.
Rising volumes of cash transactions and off–plan sales could inflate prices to 2008 levels, an expert has said.
Cigarettes are still allowed within the restaurant’s bar and lounge areas.
The new charge, varying between Dhs7 and Dhs20, was introduced on March 31 and is applicable per room per night across hotels in Dubai.
Residential rental growth is expected to continue until there is adequate supply in the market.
Luxury Hong Kong-based hotel company makes its first foray into the Middle East and chooses Dubai as the first resort in its global collection.
Dubai’s real estate market still has plenty of growth opportunities, says the CEO of property brokerage service provider, Dar Al Aqar.
The blaze was reportedly caused by a fault in the restaurant’s recently installed electric signage.
The company’s past financial statements show it last reported a quarterly profit in the first quarter of 2009.
Proceeds will be used to expand the $1 billion Worlds of Adventure theme park.
The current hotel supply pipeline is only linked to the emirate’s 2020 tourism strategy, says Helal Al Marri, the head of Dubai’s DTCM.
The move was facilitated by the emirate’s official foreign investment development agency Dubai FDI.
The new collection of Mira Oasis townhomes follows strong investor interest, said the Dubai developer.
Move likely to be welcomed by resident and transfer passengers but both airports will be under scrutiny
The number of job vacancies saw a two per cent year-on-year growth in March while jobseekers rose seven per cent, says a new survey.