The proceeds “will be primarily distributed as dividend” to Emaar shareholders, the firm said.
Dubai firm Arabtec has signed a $40 billion deal to build one million homes in Egypt.
The newly launched GQ Bar in Dubai is calling all gentlemen to experience a night they won’t forget, its owners tell Aarti Nagraj.
Trade, energy and industry ties are dominating business and bilateral relations between the two countries, say experts.
Flamingo Villas, the flagship development of RAK Properties, was launched during Cityscape last year.
Abu Dhabi Commercial Bank bought back seven per cent of its shares last year after it secured approval for a 10 per cent buyback.
The 319-room hotel marks the Hilton luxury brand’s first entry into Dubai.
Both the companies will jointly invest in a new fuel farm and a hydrant system that will enhance the fuel storage capacity of the airport.
The UAE will host the first phase of the popular cricket tournament from April 16 to April 30.
Memac Ogilvy Dubai claimed agency of the year, while Ogilvy & Mather bagged network of the year award.
The emirate’s largest sharia-compliant lender says it is entering a growth phase domestically and internationally.
Iraqi Prime Minister Nuri al-Maliki has long had chilly ties with Sunni-led Gulf Arab states, which in turn view him as too close to Shi’ite Muslim Iran.
Public sector wages and operating costs have driven up Sharjah’s government spending in 2014.
Second Waldorf Astoria to open in the UAE features varied F&B options and MICE facilities to appeal to business and leisure travellers
Dubai Internet City and Dubai Outsource Zone recorded strong growth in 2013, TECOM said.
The project looks likely to be on time and on budget and is being built as per the “highest standards”, says nuclear expert Lady Barbara Judge.
New tech move allows guests to access hotel services and make spa, golf and movie bookings
Housing, water and electricity costs rose 1.5 per cent in the last two months and were the largest contributors to the overall increase in the consumer price index.
Necessary market maturity and support infrastructure have increased the appeal of the Middle East’s art market, experts say.
The specimen, a late Jurassic period dinosaur, is 24.4 metres long and 7.6 metres high and is expected to boost the mall’s footfall.
International filmmakers will only be lured to the city if it offers attractive benefits and creates a strong production ecosystem, say experts.
Dubai operator steps up its Indian Oceans portfolio with purchase of 84-key resort
The company plans to use the proceeds for possible future acquisitions and investment in existing assets.
The district will help Dubai earn around Dhs300 billion in tourism revenues per year by 2020, the developer says.
Emirates REIT, which was formed in 2010, has eight properties valued at over Dhs1.1 billion.
The lender has picked ANZ, Citigroup, HSBC and itself to arrange the Kangaroo bond.
A source close to Qatar’s government said last week the dispute had more to do with issues in the wider Middle East such as the crises in Egypt and Syria.
The projects have a total developmental value of Dhs5.7 billion and are being fully funded by the Abu Dhabi government.
The opulent hotel has four 71sqm Rose Suites on the 15th and 16th floor
Dubai’s retail industry is one of the most lucrative sectors for foreign investment, according to a new report.