The proceeds will be used to settle trade creditor claims against the Dubai developer.
The emirate’s real estate sector edged backed to life in 2012.
Apartment rents in Dubai rose seven per cent year-on-year, while villa rents increased six per cent year-on-year in 2012, says new report.
Well-known hotel sports ‘chic new look’ and aims to serve as a contemporary city escape for business and leisure travellers
The French broadcasting station’s new venue will act as a fashion studio, a restaurant and a VIP night lounge.
The passenger complex at the new Dubai World Central Al Maktoum International Airport could open as soon as Q1 2013.
A new Carrefour hypermarket and a 14-screen Vox Cinemas multiplex are part of the mall’s renovation plan.
The Dubai-based lender already owns a 58.2 per cent stake in Tamweel.
The telecoms operator plans to use the funds for the future growth of its business.
The UAE central bank recently issued a ruling to limit home loans to foreigners at 50 per cent of the property’s value.
EK003, which took off at 1439 from Dubai to London Heathrow, became Concourse A’s first flight.
Government expenditure is up six per cent from 2012, while revenues are forecast to rise 7.8 per cent in 2013.
Arabtec and SS Lootah have been awarded the contracts for the Dubai developer’s Jumeirah Park development.
The expansion dovetails with the opening of Concourse A, the world’s first purpose-built A380 concourse, at Dubai International Airport in January
The Emirates CAE Flight Training Centre services over 200 aviation clients and trains more than 10,000 pilots and technicians a year
As part of the deal, Emirates will become the official airline of the ATP World Tour and the new title sponsor of the ATP Rankings.
The new facility at Terminal 3 of Dubai’s International Airport is scheduled to receive its first flight in January 2013.
Former owner Cunard dismisses reports that the Queen Elizabeth II liner will be scrapped.
Dubai International Airport is set to surpass its projected passenger traffic target of 56.5 million in 2012.
The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.
The telecoms operator signed a $100 million three-year loan facility with Singapore’s DBS Bank last week.
The Dubai bank will also make an offer to minority shareholders for the remaining 4.8 per cent.
The alliance includes switching Qantas’ hub to Dubai from Singapore for European flights.
Emaar Square will house over 1,000 luxury homes, a 180-bedroom five-star hotel and the largest shopping mall in Turkey.
TripAdvisor’s annual Cities Survey ranks the emirate’s cabs highly.
The group’s chairman will “continue to focus on best practice and growing the company in a sustainable way.”
Emirates NBD’s offer was highest in a second round of bidding that took place in December.
Take a look at the new Concourse A inside Terminal 3 of Dubai International.
A look at the new 500,000sqm Concourse A that has the capacity to handle 15 million passengers a year.
The five-star resort will see its 446 rooms and F&B outlets refurbished.