The Abu Dhabi property market has seen sales and rents decrease on average for apartments and villas. Only certain areas in the emirate have seen a significant price change, according to a recent repo…
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Abu Dhabi to wish you a ‘Happy New Year’ in fireworks
Fireworks will wish you a Happy New Year if you visit Abu Dhabi’s Corniche on December 31! At the corniche, a 10-minute display will attempt to break the Guinness World Record for the largest sentence …
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UAQ plans to set up 200MW solar power station
The UAE Federal Electricity and Water Authority (Fewa) has signed an agreement with the government of Umm Al Qaiwain to set up a solar photovoltaic (PV) power station in bid to provide clean energy to …
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UAE knowledge economy milestone as Aluminium Bahrain’s new potline built with EGA technology begins production
EGA became the first UAE industrial company to license its core process technology internationally when the company signed a technology licensing agreement in 2016 with Aluminium Bahrain for the new p…
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Dubai releases photos of ruler’s daughter after friends claim she was forcibly returned
The United Arab Emirates has released photos of a daughter of Dubai’s ruler after friends and supporters say she was forcibly returned after fleeing months earlier. The state-run WAM news agency carri…
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Police clarify rumours on 50% traffic discounts in Sharjah
Sharjah Police have urged the public and social media users not to pay attention to false reports and to follow the news of Sharjah Police through its official accounts on social networking sites.
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Neighbourhood Watch: why business is booming in growing Dubai district
A drive to Business Bay in Dubai just a decade ago meant bumping down a sandy track with only a scattering of traffic cones to mark the route. Today, however, those days appear long gone, with a host …
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UAE conventional bank assets hit $620bn
The assets of UAE conventional banks (CB) amounted to around Dh2.275 trillion ($620 billion), accounting for 79.7 percent of total banking assets by the end of November 2018, a media report said. Shar…
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End-users and affordability take centrestage in Dubai property
Recapping 2018 is not easy as the news cycles were dominated by a slew of positive initiatives and launches by the government geared to boosting market sentiment – while the market itself remained sof…
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2019: What to expect for Dubai real estate
2019 will also continue to be a pro-buyer property market in Dubai. Due to ample existing and recently delivered supply, sales prices are likely to remain under pressure in 2019. According to ValuStra…
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Luxury Is Now More Affordable with Softening Dubai Property Market
With Dubai’s real estate prices softening across the Emirate, renters and buyers are searching for the most visually appealing properties and neighbourhoods Affordable luxury is now in vogue as the ‘u…
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Dubai, Shenzhen City in deal to boost economic ties
The Executive Council of Dubai has signed a MoU with the Chinese city of Shenzhen with the aim of strengthening cooperation across cultural, economic and technology fields. The MoU was signed by Abdul…
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UAE bank assets rise 6% to Dh2.85tn led by growth from conventional lenders
The UAE’s bank assets rose 6 per cent to Dh2.85 trillion in the first eleven months of this year from the end of December 2017, led by growth in conventional bank assets, latest central bank figures s…
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Insta-friendly dream home: UAE residents ‘eyeing visually-appealing properties’
Affordable luxury is now in vogue as the ‘unobtainable now becomes the obtainable’ when it comes to property buying in the UAE, according to an industry expert. Community living, outdoor spaces, and s…
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2019: It’s time for bigger funding, consolidation in UAE
“The UAE is pursuing aggressive nationwide reforms to diversify its economy and much of the country’s hopes lie in the innovation and entrepreneurship of its people. Technology, particularly the cutti…
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Financial advisers and employers must step up to help expatriates fill the retirement gap
Saving for retirement is set to evolve for UAE residents, according to experts, as financial advisers and employers face pressure to offer better options amid a raft of UAE government reforms. With a …
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UAE releases photos of princess Sheikha Latifa after disappearance
… of a daughter of Dubai’s ruler after friends and supporters say she was forcibly returned to Dubai after fleeing months earlier. The state-run WAM news agency carried a government statement Monday …
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