Residential rents in Dubai grew 20 per cent year-on-year during the second quarter of 2014, with apartments seeing the strongest rise, a CBRE report says.
Japan has been lending 10.7 million barrels of crude tank capacity to the two countries.
The 14-acre luxury resort, located in Jumeirah Beach, features a Spanish-Mediterranean feel with Arabian accents.
The bank made a net profit of Dhs1.35 billion ($367.6 million) for the three months ending June 30.
Public transport users can use their expiring NOL cards until they finish their balance amount, RTA said.
NBAD made a net profit of Dhs1.42 billion ($386.6 million) in the three months to June 30, the bank said in a statement.
The bank made a net attributable profit of Dhs1.06 billion ($288.6 million) in the three months ending June 30, it said in a statement.
The Loretto project, which has nearly 300 luxury apartments, is located in Damac’s flagship AKOYA development.
The number of flights to the airport surged 31 per cent with the opening of both the runways, Dubai Airports said.
Residential sales prices in the emirate grew seven per cent in the second quarter of 2014, a new report says.
The new department store, spread across 200,000 sqft, will showcase over 200 global brands.
Dubai’s main stock index fell 1.4 per cent as builder Arabtec declined by 3.7 per cent.
Waha, whose shareholders include Abu Dhabi government entities, made Dhs1.14 billion in the second quarter of the year.
The Marina 101 project in Dubai, being developed by Sheffield Holdings, is slated for handover in early 2015.
A final decision on the winning firms is unlikely before early 2015 as the country decides whether to bring in Asian firms or stick with old partners, sources said.
Dubai Municipality plans to begin restructuring all the major parks in the emirate to make them more accessible for disabled people.
A HSBC survey found that business relationship benefits and competitive pricing were driving UAE businesses to adopt trade in Renminibi.
Arabtec tumbled its 10 per cent daily limit while the Dubai index dropped 3.9 per cent.
Arabtec shares have been swinging wildly in recent weeks, moving the entire Dubai stock market.
The former telecom monopoly, which operates in 19 countries, made a net profit of Dhs2.5 billion.
The start of double-decker services marks the end of a long negotiating road for Emirates and start of new passenger transfer opportunities
The purpose of issuing bonds is to meet the requirements of Basel III, according to a senior official.
In May, the lender got regulatory approval to purchase much of Barclays’ retail operations in the UAE.
The first phase of traffic diversion will take place in the Dubai-Abu Dhabi direction near Safa Park, RTA said.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market to close six per cent lower.
The first and second days of the month of Shawwal have been announced as Eid-al-Fitr holidays for the private sector.
Residential rents in the emirate also rose 24 per cent year-on-year during the second quarter of 2014, according to a JLL report.
Under the deal, Strata will outsource the treatment of composite materials for the production of A380 Flap Track Fairings to PCT.
Federal ministries and departments will be closed from Sunday July 27, and reopen on August 3.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market, where the main index dropped 5.4 per cent.