Along with domestic buyers, Dubai’s real estate market is recording a rise in institutional investors.
Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.
Prices for the 504 units on sale at the Palm Tower Residences start from Dhs1.5 million.
The new Shorooq wing houses 148 rooms, while the new bar and pool offer a higher level of luxury and sophistication.
Foreigners currently own two percent of the bank’s shares.
The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was Dhs12 billion.
The Fashion District, unveiled on Monday, is the first phase of the mall’s Dhs1billion redevelopment programme.
The Dubai-based mall is undergoing a massive Dhs1 billion redevelopment programme.
Schools can raise their fees from five to seven per cent depending on their rating by the KHDA.
A construction contract for Nakheel Mall is expected to be awarded within three months.
Speed limits on major Dubai roads remain largely unchanged, according to Dubai Police.
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 retail units were assessed based on their efficiency in complaints resolution, fair pricing policies and customer opinions.
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.
The British expatriate aged 92 died of natural causes in Dubai.
Emaar Properties is expected to report its earnings in the coming days.
The loan, which was initially provided by four banks, is now being offered to other lenders interested in joining the deal, according to sources.
The contractor said that its revenues reached Dhs4.9 billion last year, growing by 47 per cent from 2012.
A report by Lord Stevens, the former Metropolitan Police chief commissioner, cleared Sheikh Mohammed of any wrongdoing.
The order by DAE for 20 ATR 72-600s and options for 20 additional ones will see delivery between 2015 and 2018.
The Virgin Group founder was speaking at the Government Summit in Dubai.
The course is being designed by international golf course architect Gil Hanse.
The airline will ground 19 or 20 planes, Emirates’ president Tim Clark said.
Under the new initiative, the government will “compete with the private sector” in terms of the caliber of service it provides.
The emirate has also hired a consultant for crowd management, confirms RTA chairman.
The fast growth has raised concern about the potential of a property market bubble.
The bank has severed relationships in its cash management business in the Middle East.
The new project, called Lost Cities, is expected to be unveiled in early March.
The third auction from eMart will feature five high-end commercial and residential properties.
The bank was found in material non-compliance with requirements to produce information to the financial regulator.