The average prime capital value for a skyscraper in Dubai stands at $620 per sq ft, according to a new index.
The firm, part of the Al Ghurair Group and one of the largest aluminium product makers in the Gulf, will lift annual output to 100,000 tonnes in the next three to four years.
As per the deal, Spatial Composite Solutions will provide Etihad with 14 cabin crew-training devices and will also refurbish the existing training equipment.
Wednesday is the last day when retail investors, who dominate Dubai’s market, can subscribe for shares in Emaar’s malls unit.
Masdar bought the stake in a $2.5 billion 402 MW offshore wind project from Norway’s Statoil.
The Dhs2.90 a share price would give the unit a value of Dhs37.7 billion, one of the sources said.
The Passport boasts a big square screen and a unique touch-sensitive tactile keyboard.
A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.
The new market targeting secondary listings from private joint stock companies will be operational within a few months, official news agency WAM said.
The new luxury hotel, which is scheduled to open by 2018, will be operated by Anantara Spa and Resorts, the developer said.
The Dubai entity currently produces 1.1 million tonnes of aluminium per year, with the planned upgrade set to enhance output by 100,000 tonnes when completed.
The company also announced the launch of the VIBE Z2, and its flagship VIBE Z2 Pro, which is priced at Dhs2,499 in the UAE.
New project launches were announced by Dubai-based developers Nakheel, Damac, Deyaar and Meraas.
Transguard said that it has won contracts with major firms such as TAV and Australian firm James L Williams.
Feasibility studies for the project have been completed, confirmed Emirates Global Aluminium CEO Abdulla Kalban.
Emaar plans to sell 15 per cent of its subsidiary Emaar Malls Group (EMG) in an initial public offer launched this month.
UAE residents more inclined to invest in property rather than gold, finds new survey.
Brent crude prices have fallen below OPEC’s preferred level of $100 a barrel.
Several residents are being forced to move to the cheaper outskirts of Dubai or are also considering returning home abroad.
The United States has been building a coalition to combat Islamic State, which has seized large areas in Iraq and Syria.
Dubai’s Real Estate Regulatory Authority will be introducing four new measures next year to regulate the sector.
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.