Last month’s market debut of Dubai real estate firm Emaar Development was weak, and the stock has now dropped to 5.56 dirhams from the IPO price of 6.03 dirhams. The IPO raised $1.3 billion for Emaar Properties. Abu Dhabi’s main share index was flat on …
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UAE ranks high in technology adoption in financial services
The UAE embracing digital adoption faster than West in all areas of life including financial services, according to a recent HSBC research. HSBC’s new global research report, Trust in Technology, which includes research from over 12,000 people in 11 …
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UAE needs to apply minimum standards to get off tax blacklist: EU envoy
EU finance ministers on Tuesday adopted a blacklist of 17 jurisdictions deemed to be tax havens, including the UAE and Bahrain, in an unprecedented step to counter worldwide tax avoidance. Blacklisted countries may no longer be used by EU institutions for …
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UAE launches plan to send four Emirati astronauts into space
The UAE on Wednesday launched its ambitious plan to send four Emirati astronauts into space. Young Emiratis have been invited to register for the UAE Astronaut Programme by Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s Vice President and Prime Minister …
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Dubai Business Events Showcases 2018 Offerings at Ibtm World In Barcelona
Dubai Business Events, the city’s official convention bureau, has once again participated at IBTM World, showcasing the city’s latest offerings and forthcoming events throughout 2018. Held annually in Barcelona, the 2017 edition of IBTM World was …
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Dh5,000/night at ‘super premium’ Bulgari hotel in Dubai
Dubai: The lights have gone on at the seahorse-shaped Jumeirah Bay, Dubai’s next big destination for luxury living. The first component of that experience — a Bulgari hotel and right on the waterfront — opened its doors wide on Wednesday (December 6 …
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Big investor response to Adnoc Distribution’s $2B IPO
Adnoc Distribution unit set an indicative price range of between Dh2.35 and Dh2.95 for its IPO that could raise as much as $2 billion to become a milestone transaction, the largest public offering in the UAE to date. Adnoc is selling a minimum of 10 per …
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Abu Dhabi’s ADNOC cuts indicative price range for unit’s IPO as market sags
Abu Dhabi’s state-owned oil firm had indicated last month that it could sell as much as 20 percent of ADNOC Distribution at a higher price range, which would have valued the deal as high as $2 billion, making it the UAE’s biggest IPO since 2007.
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Dubai commercial real estate sector one of top 30 globally
RELATED ARTICLES: JLL: Potential oversupply for UAE residential market | Vincitore Real Estate hands over Vincitore Palacio in Dubai | Dubai real estate transactions hit $55.5bn in nine months Dubai’s commercial real estate sector has shown substantial …
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Abu Dhabi jackpot winner plans honeymoon in Paris
Abu Dhabi: Ten people will share a jackpot of Dh5 million — thank … Parampath will get 20 per cent as he contributed Dh200 for the ticket. Speaking to Gulf News, Parampath said, “I feel blessed winning this prize. Initially when I got a call from …
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Affordable UK property prices help to attract UAE expats
Expats and foreign nationals in the UAE are using the weak pound to snap up UK properties while prices remain affordable outside London and the South East, new research by Liquid Expat Mortgages has found. The figures show that there has been a 20% …
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Buy real estate in Dubai now, or forever be remorseful
Property buying in the UAE is attractive if you have money. And if you have money, buy now, or else you’re sure to need more of it in the near future. “With Dubai home prices at around three-year lows and expected to rise ahead of Expo 2020, now could …
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How the Dubai real estate market evolved in 2017
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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