The Gate and Arc Towers development located in Shams Abu Dhabi are made up of 3533 units, of which Aldar retained over 1300 units as part of their recurring-income portfolio.
The report drew “sweeping conclusions based on a small, unrepresentative sample,” says official.
The project features a walkway and jogging track running from the Dubai Marine Beach resort up to Burj Al Arab hotel.
Part of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Resorts brand in the international market.
Sources say that Aabar Investments is unhappy with the merger talks of Malaysia’s RHB Capital Bhd with IMB Group Holdings and Malaysia Building Society Bhd (MBSB).
The private healthcare-focused firm has made four investments in the United Arab Emirates since 2009 through its $120 million fund.
UAE and KSA responses to the International Tablet Survey suggest a stark contrast in the perceived value of tablets compared to other nations.
The firm made a net profit of Dhs95.86 million ($26.1 million) in the three months ending Sept. 30, up from Dhs75.11 million in the year-earlier period, it said in a statement.
The service, which will initially operate thrice a week, will be upgraded to a daily service in 2015 owing to strong demand, the company said.
Patrick Gordon will replace Shane O’Hare, who served as the CEO of the private charter company since 2007.
Manazel Real Estate has launched 860 two and three-bedroom villas in the new Al Reef development.
New Dhs500 million runway enables airport to target more premium travellers flying on widebody aircraft
The man, coming from Liberia, was transiting at Dubai and was suspected of having the virus after suffering from diarrhea.
eyaar, one of the companies worst hit by Dubai’s property market collapse in 2009-2010, made a quarterly profit of Dhs78.5 million.
DIC has been selling down its portfolio of assets to service its debt, most recently selling German packaging company Mauser for $1.72 billion.
Yas Mall, developed by Aldar, is set to open in November and will feature over 370 retail and F&B brands.
Waha, which has a stake in New York-listed AerCap Holdings, had assets totalling Dhs6.5 billion ($1.8 billion) in June this year.
The bank’s chief executive said there were a number of options available to boost its capital reserves but it would choose the cheapest way to boost the ratio at the time it chose to act.
The Bollywood theme park, featuring five movie themed areas, is part of the upcoming Dubai Parks & Resorts project.
Switzerland, Singapore and China were ranked as the top three expat destinations worldwide.
The bank made Dhs676.8 million of net profit attributable to the owners of the bank in the three months to September 30.
The company’s new projects will mostly target mid-income buyers and tenants, CFO Greg Fewer said.
Emirates NBD and Abu Dhabi Commercial Bank posted strong third quarter results.
Al Worood Academy Private School will be shut down for grave negligence after a four-year pupil died after being left in a school bus.
The lender made a net profit attributable to equity holders of Dhs1.02 billion.
ENBD’s earnings have been given a lift in recent quarters by a resurgence in the Dubai economy.
The moves were part of a gradual tightening of EU sanctions against the government of Syrian President Bashar al-Assad.
The distribution centre is also IKEA Group’s first direct investment in the region and is scheduled for completion in September 2015.
A huge dome structure weighing 7,000 tonnes has been installed as part of the museum project.
Dubai’s benchmark edged down 0.4 per cent as shares in builder Arabtec Holding fell 2.6 per cent and Emaar Properties lost 0.6 per cent.