The government needs to introduce incentives- similar to those initiated in the hospitality sector- to boost the number of affordable homes in Dubai, an expert says.
New flotations on the bourse had been held back by low investor confidence after the index slumped in the wake of the global financial crisis and a local real estate crash.
Recruiting will take place in 12 cities across five countries including Italy, Germany, Japan, Morocco and Tunisia.
“Should we decide to list shares, the market will receive it well,” said Sanjay Manchanda.
The 5.5 million sq ft mixed-use development will include a total of 27 buildings.
The meeting was called to inform shareholders of the details of a $2.7 billion restructuring plan.
The first phase, anticipated to include retail and hospitality elements, will be completed in three years.
The hotel, which will consist of 1,250 luxury rooms and suites, is scheduled to open by 2018 and will be located in the downtown area
The discussions were centred on re-negotiating the terms of the debt, the chief executive said without giving any further details.
The government might not introduce any fees on off-plan property sales if the property market self corrects, an expert says.
Spread across 9.5 million square feet, La Mer will feature commercial, leisure, residential and hospitality components.
All the latest news from the region’s biggest property event taking place in Dubai.
Stock markets around the world closed nearly flat on Friday but a major source of uncertainty is now gone after Scotland voted ‘No’.
The 18-hole championship-standard course, ‘Trump World Golf Club Dubai’, will include a club house, restaurants and pro shop.
Shayne Nelson says he is confident that the lender’s legacy problems are now finally over.
The UAE’s amended visa policy is a step forward in Dubai’s goal of attracting 500,000 medical tourists per year by 2020.
Ever keen for a workout, COO Nitesh Seebran explains how he hopes to lift the Gold’s Gym brand to the top of the GCC fitness market.
The proceeds will be used to invest in healthcare and education assets, according to sources.
The funds would be raised through loans, the airline’s chief financial officer confirmed.
The airline will deploy a Boeing 737-800 aircraft to operate the new service, which will begin from October 14.
The agreement is a part of RTA’s naming rights project, which aims to raise revenue for the Dubai Metro through branding.
Income from Mubadala’s joint venture businesses doubled to Dhs2.12 billion, thanks to Emirates Global Aluminium and Dolphin Energy.
This year’s edition of the property event promises huge stands and mega launches, and expects over 35,000 attendees.
ES Bankers (Dubai), part of Espirito Santo group, has been restricted from taking or paying deposits, and is required to maintain and preserve its assets, the DFSA said.
The project will include retail areas, parks, jogging tracks, streams, meditation nooks and sunken pavilions.
Waha said the programme, approved by its board on Wednesday, would allow it to repurchase up to 194 million shares.
Dubai carrier ponders regular double-decker services to Iranian capital
The prices for the penthouse apartments range from Dhs20.5 million to Dhs40 million, the company said.
Emaar is aiming to sell two billion shares in EMG, representing 15.4 per cent of the unit’s share capital.
Mashreq also has no interest in any of Standard Chartered’s UAE operations, CEO Abdul Aziz al-Ghurair said on the sidelines of a company event in Dubai.