Authorities expect a 50 per cent population growth by 2020 but financing issues are likely to moderate the boom.
Dubai International Airport is now second only to London Heathrow after passenger traffic rose 13 per cent to 10.6 million in the first two months of 2013.
Phase one of the serviced apartments are all gone with phase two to go on sale in April.
New developments planned at the mall include easier Metro access and improved food court facilities.
The deal has just received conditional approval from Australia’s regulatory body.
The Australian Competition and Consumer Commission said the airlines had to maintain at least their pre-alliance capacity on routes between Australia and New Zealand
The American fashion label will launch its first Middle East store in the emirate in 2014.
The world’s richest horse race will take place in Dubai on Saturday, March 30.
Zack Shahin has been convicted of embezzling Dhs30 million along with the three other men.
Kerzner sold its stake in Dubai’s Atlantis resort to state-owned Istithmar World for $250 million.
The emirate’s airport handled 5.1 million passengers in February.
The Dhs50 million facility was signed by Noor Islamic Bank and Commercial Bank of Dubai.
Two-way trade between Dubai and Iran was roughly Dhs25 billion last year.
The dollar-denominated deal aims to boost the bank’s supplementary capital.
The $200 million investment will build two furnaces with combined output capacity of 33,000 tonnes per annum.
Radio broadcasters Malcolm Taylor and Brandy Scott discuss their views on traffic, world record attempts and how the financial downturn benefited their show.
Property rates in prime locations have increased substantially in the last six months, says new report.
The statement conflicts with comments made by its Bahrain-based parent Gulf Finance House.
As part of the deal, the airline will have promotional rights to branding and digital elements of the tennis tournament.
DEWA’s $1 billion Islamic bond issued in February drew very strong demand.
The platform allows trading of warehouse receipts, which represent ownership of commodities stored at warehouses.
The company’s profit was boosted by a $249 million gain from sale of non-core assets.
GFH Capital purchased the club from majority shareholder Ken Bates at the end of last year.
The five-year senior unsecured financing will replace the remaining $2 billion five-year tranche of an original $6 billion loan.
Emaar made a revenue of Dhs2.5 billion from apartment sales last year, compared to Dhs1.1 billion in 2011.
About 52 per cent of the overall project has been completed so far, say officials.
Y&R Dubai bags agency of the year award for the third year in a row.
The renovation will start on July 8 and is expected to take up to 10 months.
Arranging banks said order books totalled $14 billion, indicating massive demand for the deal.
Managing director John Banaszkiewicz says the broker will take advantage of Dubai’s proximity to Asia.