Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.
The bank made Dhs301.7 million ($82.2 million) in the three months to March 31.
Residential rents have shot up in areas such as Burj Downtown, Dubai Marina and Palm Jumeirah, says report.
Relocation provides 18-brand alliance with tax benefits and signals city’s growing commercial allure
The Dubai-based property developer’s loan has been extended until August 20, 2017.
Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.
New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.
The fund made a profit of Dhs455 million in 2012, compared with a loss of Dhs3.2 billion in 2011.
The $500,000 vehicle will ‘help to facilitate policing on highways’ as it’s capable of a top speed of 350 km/h.
Emirates targets growing bilateral trade links and outbound Swedish leisure traffic
Abu Dhabi-based Etihad is mulling the acquisition of a 49 per cent stake in the indebted Serbian airline.
The former US President says the emirate’s model of “shared prosperity” is an inspiration for the Middle East.
The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.
The conglomerate is currently in the midst of a $4.5 billion debt restructuring.
The Abu Dhabi-based carrier is eyeing up a 24 per cent stake in the Indian airline, valued at around $330 million.
The shorter GITEX technology event in March indicated 2013 will be dominated by tablet computers, mobiles and accessories.
This is the developer’s fourth project launch so far this year.
Techno Group Investment Holdings bought a 75 per cent stake in Turkish firm Dogu Tip for an undisclosed sum.
Mohammed Alabbar was speaking at Emaar’s AGM where shareholders approved a 10 per cent cash dividend.
James Hogan, CEO of Abu Dhabi-based Etihad Airways says it is not about being the biggest, but about being the smartest.
We compare the interest rates, annual fees and perks offered by financial institutions in the UAE.
The new move, to be introduced in mid-June, will allow customers to make automatic loan payments from their bank accounts.
The 6.2 earthquake that hit Iran on Tuesday was about 500kms away from Abu Dhabi, with tremors affecting the entire GCC.
Social media users reported their ‘experiences’ of the earthquake tremors in a flurry of tweets.
An earthquake measuring a magnitude of 6.3 struck on Tuesday 60 miles south of the city of Bushehr in Iran.
Lead arrangers released official price guidance at 3.125 per cent after suggesting the low three per cent area as an indicator.
Yousuf Al Serkal is one of four candidates vying for Asian football’s top job.
The UAE telecoms operator had been blocking Skype, the free internet-to-internet phone calls site, for several years.
The developer will launch the sale of 188 townhouses in Mira this month.
Italian Civil Aviation Authority has authorised the services, an extension to one of Emirates’ existing triple daily flights, on an extra-bilateral basis.