Investors have become less bullish on Dubai’s markets as they believe most of the stocks are now fully valued.
The newly doubled fee will help level the balance between genuine buyers and speculators, experts say.
Earlier this year DKV reported growth figures of 24 per cent thanks to the arrival of businesses from the education, human resources and recruitment sectors.
The smart phone will go on sale to the Middle East public at Gitex Shopper in Dubai on October 5.
Dubai’s villa and apartment sale prices have recorded year-on-year growth of 26 per cent and 42 per respectively.
Real estate brokers found flouting the rule will be fined after Rera received repeated complaints from property owners and developers.
Extended stay brand will target executives on long-stay business and Gulf families.
Carrier starts the new month in top gear by launching services to Clark in the Philippines, a new route between Milan and New York and its first A380 service to Brisbane
The new joint venture is being set-up with an initial capital outlay of around $8 million.
Shares in Dubai were boosted during the quarter after index compiler MSCI upgraded the United Arab Emirates to emerging market status.
Tareck Fouad Farah was found guilty of issuing a letter containing false information.
The Deira-based mall will feature over 130 new stores including Marks & Spencer, Mango and Omega.
Arabtec has raised the salaries of 36,000 workers across its projects nationwide.
Exclusive lounge enables guests to unwind before, during and after games.
Dubai has been recovering from a real estate crisis and property prices have begun to rebound.
Dubai’s benchmark advanced 1.2 per cent to 2,771 points, its highest finish since November 2008
The Expo 2020 winning bid will be announced in November this year.
The tax exemption, covering the 10 per cent municipality fee, will extend to applications over the next three years.
The UAE’s booming private education sector has attracted many UK universities to setup affiliate campuses in Dubai.
According to the IMF, Dubai’s total debt stands at $142 billion, or around 102 per cent of its GDP.
Emirates REIT, formed in 2010, has income-generating assets worth 770 million dirhams.
Emirates is the largest operator of Boeing’s twin-engined 777 jetliner and is looking at a more fuel efficient version to introduce around 2020.
MAF had a Carrefour store in Aleppo shut down as a result of the violence in Syria.
Dubai is competing with Izmir in Turkey, Sao Paulo in Brazil and Yekaterinburg in Russia for the right to host the 2020 world’s fair.
Dubai-based Noor Investment Group will act as the financial advisor to Dubai’s Supreme Council of Energy on the project
The registration fee charged for real estate transactions has been raised to four per cent from two per cent.
The UAE’s airport retail sector has benefitted heavily from increased passenger traffic in the country.
Sony’s latest smartphone, available in black, white and purple, is priced at Dhs2,749 in the UAE
As Dubai’s property market returns to its boom days, experts urge government intervention to prevent another bust.
The Dubai-based airline has new routes coming up, says Emirates president Tim Clark.