Dubai: Dubai’s highest court dismissed an Iranian businessman’s Dh7 billion commercial lawsuit that he had lodged against a property development company and the three shaikhs who own it. The seven-year-old commercial dispute ended after the Dubai …
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Dubai property awaits Expo 2020 boost
Dubai property prices received a major fillip in November 2013 after the city won the bid to host the 2020 World Expo. This was followed by double-digit price growth in 2014 owing to significant speculative investment in the emirate’s real estate market.
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DAMAC Properties guarantees a BMW or another luxury car with the purchase of an apartment this DSF
This Dubai Shopping Festival (Dec 26, 2016 to Jan 28, 2017), DAMAC Properties is offering a brand new BMW or another luxury car – guaranteed with the purchase of a luxury apartment starting from AED 599,000. Niall McLoughlin, Senior Vice President …
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Dubai developer Damac offers buyers free BMW cars this DSF
Dubai developer Damac Properties is offering a free BMW or another luxury car with the purchase of select apartments during the Dubai Shopping Festival (DSF), it revealed on Monday. During the latest DSF edition, which runs from December 26 to January 28 …
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Mario Volpi: Can Dubai property investor penalise developer for delayed off-plan purchase?
I have invested in an off-plan property in Business Bay but its delivery is delayed by about three years. Can I penalise the developer in any way for breaching the contract? AS, Dubai In theory, there should be no reason why you cannot file a case and hold …
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UAE ranked 28th happiest country in world
Dubai: The UAE is ranked the 28th happiest country in the world and the first among Arab countries, according to the World Happiness Report 2016. The report, released by the UN Sustainable Development Solutions Network, is based on an opinion survey …
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‘Year of Giving continues charitable tradition’
Abu Dhabi: Charitable foundations in the UAE have praised the announcement by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan declaring 2017 as the Year of Giving, and said that this initiative would continue the UAE’s long-held tradition of …
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UAE better positioned for structural reforms among GCC countries
The unique economic strength of Dubai makes it Citi’s regional hub for the Middle East and Africa region. The bank currently serves more than 500 global companies in the region from the Dubai hub. Citi officials say to cover Africa, there is no other …
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Dubai Metro and Tram record zero crime rate
Dubai: Dubai’s ever-expanding transport network, including the metro, tram, buses and ferries, recorded a zero crime rate over the last eight years, Dubai Police revealed on Sunday. According to a senior Dubai Police official, a special police force …
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Shariah Gold Standard Is “Revolutionary” – Mark Mobius
One of the world’s leading investors, Mark Mobius told a gold conference in Dubai that the new ‘Shariah Gold Standard … for those Islamic households that would like to invest in gold funds” He drew attention to the economic growth of both the UAE …
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Dubai public transport sees zero crime rate in the last eight years
Dubai: Dubai Police’s Transportation Security Administration (TSA) has reported a zero crime rate among the Public Transport users in the last eight years, an official said on Sunday. Colonel Engineer Mohammad Ahmad Al Bastaki, director of Dubai Police …
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If You Are Selling Via Facebook, Is Home-based Business Illegal In The UAE?
UAE-based individuals must register with relevant authorities or obtain licenses before running any home-based business that sees commercial transactions made via social networks, according to an expert. UAE residents who sell products from home using …
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UAE President declares 2017 as the ‘Year of Giving’
UAE President Sheikh Khalifa bin Zayed Al Nahyan has declared 2017 as the ‘Year of Giving’ in the country. The initiative will focus on three main pillars: creating a sense of community responsibility in the private sector; enhancing the spirit of …
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Dubai non-oil foreign trade at Dh952bn in Q3 of 2016
To maintain Dubai’s business appeal, an advanced trade infrastructure, convenient government services at seaports and airports, a well-established legislative structure and a unique public-private partnership were all in place. “We are moving steadily …
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Citi sees business growth coming from GCC reforms and Africa opportunities
In fact, we have expanded the definition of the region by including Africa and we see the emergence of a trend that a lot of companies using Dubai as a regional hub for not just the Middle East but for their Africa business. We typically grow with our …
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UAE best for business in Mena
The UAE has jumped seven positions to rank as the top Middle East North African country and 33rd out of 139 global nations on Forbes’ latest annual list of the best countries for business in 2017 led by Sweden. Morocco and Oman rank as the second and third …
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Dubai has just opened a £2.8 billion 'mega theme park' — here's what it's like inside
Now, the gulf state can add a £2.8 billion “mega theme park” to its list of extravagances. The newly-opened Dubai Parks and Resorts covers a massive 30.6 million square feet making it the largest park in the Middle East. Inside the property …
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