2017 was a year of change in the Dubai real estate market, where we witnessed real estate trends transform to new and refreshing positions, off-plan sales revive market sentiment and an abundance of supply open the doors for many affordable opportunities …
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Dubai real estate riding high on Expo 2020 boom
With nearly $33 billion worth of projects in the pipeline for Expo 2020, a first-of-its-kind event in the Middle East, Africa and South Asia region, it’s boom time for the real estate sector in Dubai, said an industry expert. Making its debut in the Middle …
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Dubai ranked in list of ‘top 30’ cities for global commercial real estate
Average office rents in Dubai increased marginally by 1.6 per cent year-on-year in the third quarter of this year, while vacancies in the central business district shrunk to 8 per cent from 11 per cent in the corresponding quarter in 2016, according to JLL …
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Dubai Investments Celebrates 36 Percent Increase in Sub-Leasing Contracts
coupled with the growing reputation of DIP as the preferred business destination. There has been a strong demand for warehouses in DIP, as a result of its proximity to the Expo 2020 site and Dubai South. DIP has consistently developed its road network …
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Dubai Parks and Resorts partners with Zayed University to encourage young Emiratis to excel in entertainment industry
“This class project with Dubai Parks and Resorts provided an opportunity for some of our best students to fulfil their potential and gave them vital hands-on experience in this critical business sector. We are confident it benefitted our CCMS students at …
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Dubai unveils a new zip line among towering skyscrapers
DUBAI, United Arab Emirates — Dubai is offering thrill-seekers a new way to see its dazzling skyscrapers: On one of the world’s longest zip lines. A similar zip line opened two years ago near the world’s tallest skyscraper in Dubai. The new zip line …
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Dubai to get its second Raffles hotel
Raffles has ben operating a property at the Wafi complex in Dubai for some years now. The Palm360 — which will be the tallest structure on the Palm — will thus be Raffles’ first beachside resort in the city. Raffles will also manage the residential …
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Dubai Economy launches two endowments
Dubai Economy has launched two endowment initiatives, one for awareness and the other for economic knowledge, as part of the Year of Giving. The awareness endowment will support firms demonstrating their social responsibility through sustainable community …
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UAE, Saudi Arabia forming new group, separate from GCC
KUWAIT CITY — The United Arab Emirates on Tuesday announced it has formed a new economic and partnership group with Saudi Arabia, separate from the Gulf Cooperation Council — a move that could undermine the council amid a diplomatic crisis with member …
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New Dubai-Sharjah access to be ready by August
We are tripling the number of lanes on each side from three to nine, with a three-lane exit ramp from Dubai to Sharjah, expanding the current two lane exit loop to three lanes as well adding three lanes to the Fujairah exit,” Al Hammadi told Gulf News on …
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UAE’s private businesses make a rush to place orders
“The PMI (purchasing managers index) reading for November confirms our view that the UAE’s non-oil sector will likely see strong growth in the fourth quarter of this year, as both households and business will likely boost purchases before VAT comes …
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Union National Bank is a pillar of the United Arab Emirates economy
The financial services sector is an important part of the UAE economy, one that helps much of the region’s growth. In 2016, according to the Ministry of Economy, this industry contributed 9.8 percent of GDP and 12.8 percent of non-oil sector domestic …
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Dubai’s GEMS Education hires bankers for IPO
including Bank of America Merrill Lynch and JP Morgan, to pursue an initial public offering next year, according to multiple people familiar with the process. The largest school operator in Dubai has also included Credit Suisse and Morgan Stanley in the …
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250 credit card customers in Dubai affected
Credit card details of many UAE residents have been stolen and the central bank has asked financial institutions to inform customers and cancel the cards. “Please note that these details have been compromised and thus, contact the persons mentioned in the …
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Dubai Islamic Bank’s “Double Your Salary” Promotion is a Winner!
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, hosted the second monthly draw of its latest promotion, “Double Your Salary. Double Your Joy”. The second monthly draw was held at the Etihad Mall branch in Muhaisnah-1 and officiated by …
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Central Bank gold holdings amount to Dhs1.129b
ABU DHABI: The UAE Central Bank’s reserve of gold bars amounted to Dhs1.129 billion by the end of October 2017, a growth of 11.2 per cent from Dhs1.015 billion by the end of 2016. The month of April 2017 saw the CB resuming gold holdings after eight …
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Head of IT Infrastructure – Banking – Michael Page International (UAE) Limited – Dubai Jobs
This role has 3 core focus areas – Operational Delivery of the infrastructure tier for the Enterprise, integrating the application and infrastructure services to ensure business service availability and embracing new ways of working with infrastructure …
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