Dubai needs to diversify its sectors to weather future economic risks, according to experts.
The project will comprise one residential tower and one tower of serviced apartments.
Rising house prices could affect Dubai’s regional competitiveness, an expert has said.
The mosque will use LED lights, solar panels and energy saving taps to save energy.
Around 55 percent of the company’s equity, or 275 million shares, will be offered to the public in the IPO at Dhs1 per share on the Dubai Financial Market, CAPM said.
Emirates confirmed a hydraulic brake fluid leak on the flight, which was travelling from Kuwait.
The DMCC partnered with global brokerage firm BGC Partners this week to promote the platform to a wider international trading community.
Technical failure forces Abu Dhabi flights to other regional airports
The strategy includes 100 initiatives in transport, communications, infrastructure, electricity and urban planning.
The new cinema complex is located at ‘The Beach’, a retail destination being developed by Meraas Holding in Dubai Marina.
Dubai and Abu Dhabi feature among the top 10 global cities seeing a rise in luxury residential property prices, according to Knight Frank.
The conglomerate obtained money for the prepayment from asset sales.
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.