Dubai, Abu Dhabi and Sharjah recorded a drop in property values as oil prices slumped by over 50 per cent in the last 12 months
The inaugural summit will be held in the second half of next year
The deal is the latest divestment by the Dubai government-owned group to repay its debts
The units will be located at the main square of the project alongside a retail precinct and a hotel
The Dhs 275m mall features 53 retail outlets and is anchored by a Carrefour hypermarket
Local and global businesses previously used Dubai as hub for their Iranian operations, the consultants said, predicting this would again become common practice
The syndicate for the dual Islamic and conventional facility is backed by a mixture of local and Chinese banks
Kazakhstan’s president said DIFC was the model for the planned Astana International Financial Centre
The exit brings an end to a 14-year partnership between Taj and property owner Juma Al Majid Group
Reports emerged yesterday that Dubai Police had arrested the owner of the gold jewellery store chain
The first phase, set to cost around Dhs 500m, is slated for completion in 2018
The district will house the Burj2020, a super tall commercial tower being designed by architects Adrian Smith and Gordon Gill
The developer has not seen prices fall in any of its properties so far this year, says Saeed Al Qatami
The development will feature around 1,017 four and five-bedroom luxury villas, with prices starting from Dhs 4m
M.M. Ramachandran reportedly has outstanding debts of Dhs 550m to various banks in India and the UAE
The company is expected to unveil its latest iPhones on September 9
Abdullatif AlMulla said DPG’s 2015 profit and revenue will be higher than in 2014, but declined to provide further details
A new survey shows that Gulf firms are not big risk takers in terms of innovation
The new Midfield Terminal Building will have the capacity to handle 30 million passengers a year when ready
The UAE tops the world for exposure to tiny air pollutants, according to the latest report compiled by The World Bank
A senior policy expert urged all Middle East governments to invest in their economies, create jobs and foster young talent
The capital’s airport saw about 2.1 million passengers passing through last month, compared to 1.7 million during the same period in 2014
Two prototype palms have been installed – one at a beach near the Burj Al Arab hotel and the other at Zabeel Park
The price of one litre of octane 95 gasoline will cost Dhs 1.96 from September 1
The company said the plans are contingent on demand from customers and there is no dollar value yet on the company’s possible investment in Iran
The mixed-use development will feature its own theme park and is estimated to house 200,000 residents when complete
DP World’s revenue for the six months to June 30 was $1.90bn, up from $1.66bn a year earlier
The current slowdown will be beneficial for the real estate market by weeding out weaker developers, says RSG International chairman
James Hogan says global investment is not a threat but a lifeline for the aviation industry
The country, however, did not make it to the top 10 most popular cities for expats globally due to its high cost of living and long working hours for foreigners