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Dubai’s Property Market Sees Strong International Investor Interest

Along with domestic buyers, Dubai’s real estate market is recording a rise in institutional investors.

New Abu Dhabi Finance Centre Appoints DFSA COO As Advisor

Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.

Nakheel Launches Luxury Residences At The Palm

Prices for the 504 units on sale at the Palm Tower Residences start from Dhs1.5 million.

Hotel Review: Ritz-Carlton, Dubai

The new Shorooq wing houses 148 rooms, while the new bar and pool offer a higher level of luxury and sophistication.

Dubai’s Mashreq Hikes Foreign Ownership Limit To 49%

Foreigners currently own two percent of the bank’s shares.

Dubai’s Emaar Q4 Net Profit Up 48%, Beats Estimates

The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was Dhs12 billion.

Pictures: Mall Of The Emirates New Fashion District Launch

The Fashion District, unveiled on Monday, is the first phase of the mall’s Dhs1billion redevelopment programme.

Mall of The Emirates Unveils Fashion District, Eyes New Hotel

The Dubai-based mall is undergoing a massive Dhs1 billion redevelopment programme.

Dubai Introduces Cap For School Fees

Schools can raise their fees from five to seven per cent depending on their rating by the KHDA.

Nakheel Receives Six Construction Bids For New Mall On Palm Jumeirah

A construction contract for Nakheel Mall is expected to be awarded within three months.

Speed Limits: How Fast Can You Drive On Dubai’s Roads?

Speed limits on major Dubai roads remain largely unchanged, according to Dubai Police.

Emirates’ Long Haul Business Model Pushes Down Costs – CAPA

The Dubai-based airline sees lower unit costs compared to European carriers because of its business model, says a report from Centre for Aviation.

Dubai’s Coffee Shops Rated ‘Most Consumer Friendly’

Dubai’s retail units were assessed based on their efficiency in complaints resolution, fair pricing policies and customer opinions.

Dubai’s Deyaar To Allow Up To 25% Foreign Ownership

At present, nationals from GCC countries can own up to 49 per cent of Deyaar’s shares while foreigners from outside the GCC have been prohibited.

William ‘Bill’ Duff, Sheikh Rashid’s Financial Advisor, Dies

The British expatriate aged 92 died of natural causes in Dubai.

Dubai Remains Bullish; Global Mkts Support

Emaar Properties is expected to report its earnings in the coming days.

Empower

Dubai’s Empower $600m Acquisition Loan Starts Syndication -Sources

The loan, which was initially provided by four banks, is now being offered to other lenders interested in joining the deal, according to sources.

Dubai’s Drake And Scull Profit Rises 61% In 2013

The contractor said that its revenues reached Dhs4.9 billion last year, growing by 47 per cent from 2012.

Dubai Ruler Cleared By Report Into Horse Racing Doping Scandal

A report by Lord Stevens, the former Metropolitan Police chief commissioner, cleared Sheikh Mohammed of any wrongdoing.

Dubai’s DAE Leasing Firm Orders 20 Aircraft For Nearly $1bn

The order by DAE for 20 ATR 72-600s and options for 20 additional ones will see delivery between 2015 and 2018.

Richard Branson’s Advice To Governments: “Throw Staff Parties”

The Virgin Group founder was speaking at the Government Summit in Dubai.

Dubai’s Damac Says Work On Trump Golf Course Proceeding “On Track”

The course is being designed by international golf course architect Gil Hanse.

Dubai’s Emirates To Ground Planes During Runway Work In May

The airline will ground 19 or 20 planes, Emirates’ president Tim Clark said.

Dubai’s Crown Prince Sheikh Hamdan Launches New 2021 Initiative

Under the new initiative, the government will “compete with the private sector” in terms of the caliber of service it provides.

Dubai Appoints Consultant For Expo 2020 Transport Requirements

The emirate has also hired a consultant for crowd management, confirms RTA chairman.

Dubai House Prices To Reach Pre-Crisis Levels Next Year

The fast growth has raised concern about the potential of a property market bubble.

JP Morgan Cuts Banking Ties With Emirates NBD

The bank has severed relationships in its cash management business in the Middle East.

US Developer Reef Worlds Plans Underwater Project In Dubai

The new project, called Lost Cities, is expected to be unveiled in early March.

Dubai’s Official Property Site To Auction Units Worth Dhs190m

The third auction from eMart will feature five high-end commercial and residential properties.

Dubai’s DFSA Obtains Court Orders Against Deutsche Bank

The bank was found in material non-compliance with requirements to produce information to the financial regulator.