The emirate’s recently launched project is receiving strong interest from designers, design academies and boutique hotels, says developer.
The investment firm sold its stake in HFC to Republic Bank, an independent Caribbean bank, for an undisclosed sum.
Despite a bullish outlook on sales growth by MENA CEOs, employment levels are expected to remain flat with businesses adopting a cautious approach.
TAQA’s results were weighed down by derivatives and hedging exposures and a slump in income from its oil and gas business.
The port operator’s volumes dropped in Asia, Europe and the Middle East.
Dubai property prices have soared around 35 per cent from a year ago in June, according to estimates, triggering fears of another bubble.
Government offices will be shut from Wednesday, August 7.
Foreign investments in Dubai’s real estate market increased 73 per cent from H1 2012 to reach Dhs32 billion.
The emirate is setting up a special legal committee to settle disputes related to projects officially cancelled by RERA.
Tickets for a roundtrip between the emirates are priced at Dhs150.
Healthcare job opportunities in the UAE were up by eight per cent from last year but chemicals industry jobs plunged 14 per cent.
India’s foreign investment regulator gave conditional approval to the $379 million deal.
The Dubai developer made a net profit of Dhs1.23 billion, up marginally from Dhs1.22 billion in H1 2012.
Passenger traffic was aided by Emirates airline’s tie-up with Australia’s Qantas.
Dunia posts Dhs55.6 million profits; Dhs166.4 million revenues
Dubai, Abu Dhabi and Bahrain are under consideration to hold the tests.
Apartments in areas like Al Nahda and Al Majaz recorded a rental hike, while villa price hikes varied depending on location.
The UAE is banking on its geographic location and high growth potential to attract increasing foreign direct investment from across the world.
The Optimus G Pro, priced at Dhs1,999, comes with a 5.5-inch Full HD display and a 13MP rear camera.
The two airlines agreed to share route-booking codes in April but stopped short of an equity tie-up.
The emirate’s will to succeed will always cancel out the naysayers, writes leadership expert Tommy Weir.
Exclusive: Lekgoro tells Gulf Business about growing trade and business ties between South Africa and the UAE.
Sky City, China’s most ambitious development, has faced criticism over its nine-month deadline.
The latest developments in fracking technology will not affect GCC oil demand negatively.
The profit increase came despite a 20.9 per cent jump in impairments.
The pharmaceutical company said that sales during the first half of the year rose 11 per cent.
The operator said that data services and postpaid customers are driving revenue growth.
The Dubai developer says it has slashed service charges across many of its properties in Dubai.
No injuries have been reported and an investigation is underway.
The Dubai developer says it has started receiving fresh interest from investors for the stalled development.