Mubadala, which has stakes in GE and private equity firm Carlyle, saw net profit tripling over the last year.
Rising volumes of cash transactions and off–plan sales could inflate prices to 2008 levels, an expert has said.
Cigarettes are still allowed within the restaurant’s bar and lounge areas.
The new charge, varying between Dhs7 and Dhs20, was introduced on March 31 and is applicable per room per night across hotels in Dubai.
Residential rental growth is expected to continue until there is adequate supply in the market.
Luxury Hong Kong-based hotel company makes its first foray into the Middle East and chooses Dubai as the first resort in its global collection.
All newly detected cases have shown no outward symptoms of the virus, HAAD said.
Dubai’s real estate market still has plenty of growth opportunities, says the CEO of property brokerage service provider, Dar Al Aqar.
The blaze was reportedly caused by a fault in the restaurant’s recently installed electric signage.
The Sharjah-based low-cost carrier has been designated the new airline of Ras Al Khaimah following the closure of RAK Airways.
The company’s past financial statements show it last reported a quarterly profit in the first quarter of 2009.
The airline’s growth in revenue was aided by an increase in passengers resulting from its codeshare and equity partnerships.
Proceeds will be used to expand the $1 billion Worlds of Adventure theme park.
The current hotel supply pipeline is only linked to the emirate’s 2020 tourism strategy, says Helal Al Marri, the head of Dubai’s DTCM.
The Japanese car maker sold around 5,892 units in the region during its financial year ended March 2014.
One person died from MERS and five others have been infected with the disease in the Emirates, it was reported last week.
The move was facilitated by the emirate’s official foreign investment development agency Dubai FDI.
The new collection of Mira Oasis townhomes follows strong investor interest, said the Dubai developer.
Minister wants to ‘turbo charge’ investment opportunities on back of abundant air links
The law is expected to be enacted within three months or less, the UAE economy minister said.
The Abu Dhabi-based group will invest around $200 million in its hypermarkets across Malaysia.
Move likely to be welcomed by resident and transfer passengers but both airports will be under scrutiny
Cargo traffic at Abu Dhabi’s Khalifa and Zayed ports combined is expected to top 12 million tonnes this year, up from 9.3 million tonnes in 2013.
The number of job vacancies saw a two per cent year-on-year growth in March while jobseekers rose seven per cent, says a new survey.
The Dubai Fountain and the Creek were some of the attractions highlighted in the emirate.
The project, being developed in partnership with Meraas, will be located in the Dubai developer’s multi-themed park project in Jebel Ali.
The firm attributed higher revenues to a strong recovery in the capital markets and a pick-up in the local market for IPOs.
The emirate recorded sales activities worth Dhs31.5 billion and mortgage transactions worth Dhs28 billion in Q1 2014, the land department says.
Lenders hurting themselves by cold-calling customers, says head of Retail Banking at Emirates NBD.
Emirates, which may appeal the decision, started to fly the Malpensa-New York route in October last year.