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Dubai House Prices Down 2-3% In Q1 2015 – Asteco

Rents in the emirate, on average, remained flat during the first quarter of the year, the report found.

Dubai’s Nshama Launches ‘Safi’, Units From Dhs350,000 In Town Square

The new Safi community will feature studios and one, two and three bedroom apartments.

UAE’s Etisalat To Raise Up To $500m Through 2019 Bond Tap

Last June, the company sold $4.3 billion worth of maiden bonds in four tranches.

UAE Telco Du Q1 Net Profit Drops 0.6%, Misses Estimates

The firm made a net profit of Dhs487.1 million in the three months to March 31.

Dubai’s Ruler Approves Dhs500m Union Museum Project

The museum, located next to the Union House in Dubai, will showcase the events leading to the formation of the UAE.

Abu Dhabi Rolls Out Red Carpet For Market Makers, May Outweigh Dubai

Both the DFM and ADX say they are in talks to attract market makers.

UAE’s Dubal Holding Looks Into Buying Stakes In Energy Projects

The firm is looking for equity interests related to coal, solar, gas, and other alternative sources of energy.

Dubai’s DP World Says No Plans For Share Buyback

Earlier on Monday, shareholders approved a proposal to buy back a “limited number” of the company’s shares, according to a bourse filing.

UAE Billionaire Calls For New Rules On Succession For Gulf Family Businesses

Abdulaziz al-Ghurair, CEO of Dubai-based lender Mashreq, is calling for the introduction of wills and trusts that are compliant with Islamic principles.

Gloria Hotel To Embark On Dhs80 Million Revamp

Major four-star hotel to phase in room upgrades that reflect latest design trends.

Dubai’s DP World Says Shareholders Approve Limited Share Buyback

The approval was granted at the firm’s annual shareholder meeting, according to a bourse filing.

Topaz Closes In On Loan Worth Upwards Of $550m – Source

Emirates NBD, First Gulf Bank, Gulf International Bank, HSBC, Noor Bank and Standard Chartered will provide the loan, three sources told Reuters.

UAE Aviation Firm Sanad Says Raises $90m Loan

The transaction will increase the company’s total borrowing to $600 million.

Dubai’s DP World Posts 4.4% Rise In Q1 Gross Container Volumes

Gross volumes totalled 15 million 20-foot equivalent units (TEU) in the opening three months of 2015.

Revealed: Top 10 Cities With The Highest Skyscraper Rents

Dubai is ranked 16th spot on the index, with prime office rents remaining flat since H2 2014.

Japan’s Inpex In Talks To Obtain New Abu Dhabi Concession

Inpex was one of 11 firms that bid for stakes in the concession covering Abu Dhabi’s 15 principal onshore fields.

Serbia Seals Deal With UAE Developer For Controversial Belgrade Makeover

Developer Eagle Hills plans to spend $3 billion on building the mega mixed-used Belgrade Waterfront project.

Dubai Q1 Real Estate Transactions Total Dhs64bn, Indians Top Foreign Investors

Indian nationals accounted for Dhs3.040 billion of the total.

Dubai Financial Market Q1 Net Profit Falls 69%

The firm made a net profit of Dhs67.7 million ($18.4 million) in the three months to March 31.

Dubai’s DP World Eyes Dollar Bond – Sources

The Dubai-based firm could raise between $750 million and $1 billion from the bond.

Dubai ‘Can Take A Canopy’ Says Hilton Brands Chief

Hilton’s new neighbourhood brand targets districts with strong local flavour

Cheap Oil Slows Saudi, UAE Projects But Qatar, Kuwait Rise -ADCB

The total value of projects awarded in the GCC climbed to above $40 billion in Q1 2015.

Abu Dhabi’s Masdar City Launches Solar-Powered Eco-Villas

The four-bedroom villa concept includes an array of solar panels that will generate approximately 40,000 KWh per year.

First Gulf Bank Quarterly Profit Falls Short Of Estimates

The third-largest lender by assets in the UAE, made a net profit of Dhs1.42 billion for Q1 2015.

Dubai’s Emirates NBD Forecasts 5% Loan Growth For 2015

ENBD’s loan growth climbed by four per cent in the first quarter of the year.

Bloom Launches Dubai Marina Residential Tower

Construction work on the project is set to begin in the first half of this year.

InterContinental Signs Deal For UAE’s First Hotel Indigo

The 285-room property will be located in Dubai’s Business Bay.

SKAI Rebrands Jumeirah Village Circle Property To Viceroy

The newly branded hotel is scheduled for operation in 2018.

Dubai Parks And Resorts Partners With UK’s Merlin Entertainment For Lego Water Park

The water park is an addition to the under construction Legoland Dubai theme park, set to open in October 2016.

Dubai’s Emirates NBD Q1 Profit Rises 60%, Beats Estimates

The lender, 55.6 per cent owned by state fund Investment Corp of Dubai, made a net profit of Dhs1.67 billion in Q1.