Average residential property prices in Dubai continued to fall in January, according to new research from analysts REIDIN. Its UAE Residential Property Price Indices (RPPIs) for January 2018 showed that prices in Dubai fell marginally by 0.14 percent.
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Abu Dhabi: A sporting hub like none other
Abu Dhabi is turning out to be quite a sporting hub as evident from the fact that the Abu Dhabi Cycling Tour was granted the World tour status in its third year by the UCI (Union Cycliste Internationale). The tour this year, the fourth edition, has brought …
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Dubai developer offers cryptocurrency discount on new project
Samana Developers, a Dubai-based developer, is offering a discount to buyers of homes in its maiden project who want to make payments through cryptocurrency. The 7 percent discount was announced as the company broke ground on Samana Greens in Dubai’s …
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‘Optimistic mood’ in Dubai property market – DLD chief
A total of 150 real estate projects worth Dhs82bn ($22.3bn) were registered in Dubai in 2017, the Dubai Land Department (DLD) has confirmed. In a statement, DLD also said that 90 projects were completed last year. Sultan Butti bin Mejren, director general …
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Dubai Real Estate Slump to Continue for Another Two Years: Report
The downturn impacting the Dubai property market is expected to continue for at least another two years, according to ratings agency S&P. In a report, the company said prices and rents had declined the 5-10 per cent it expected last year and were likely to …
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Hyperloop pod’s global premiere in Dubai
Dubai: Hyperloop, a subsonic commuter tubes system capable of shuttling passengers in a travel pod from Dubai to Abu Dhabi in 12 minutes at theoretical speeds of up to 1,200km/h, is globally premiered for the first time on Thursday at City Walk 2. The …
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Hyperloop commuter pod unveiled in Dubai
or Sharjah to Dubai, in a matter of minutes. That is according to Rob Lloyd, chief executive of Virgin Hyperloop One, who told Gulf News in an interview on Thursday that the engagement with his company’s announcements was unprecedented. “I can tell you …
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Revealed: the best areas to invest in property in Abu Dhabi
Return on investment (ROI) in Abu Dhabi’s real estate market is expected to remain steady this year despite the trend of declining rents, according to new research. Bayut.com, the UAE’s data-driven property portal, said the UAE capital’s property …
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New speed limit on Sharjah Maliha road
Sharjah: Police in Sharjah announced on Thursday that the speed limit on Maliha Road has now been raised. The road, which is located in the central region of Sharjah, had its speed limit increased after the Sharjah Police General Directorate studied a …
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Dubai Islamic Bank Hosts Annual General Meeting
Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced that the assembly has approved the distribution of 45 fils per share as cash dividend for 2017, closing another year with strong returns to shareholders since …
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Sharjah airport body denies reports of new terminal
the operator of Sharjah International Airport, denied on Thursday media reports that it will open a new passenger terminal in April 2018, saying that there was no terminal under construction in the first place. A source at the Authority told Gulf News that …
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Get high-speed WiFi for Dh10 in UAE
UAE residents can now reap the benefits of more flexible WiFi options across more locations than ever before with WiFi UAE. du is revamping its WiFi UAE pricing options to suit the needs of different profile users in a wide variety of locations, continuing …
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Revealed: new price plans for WiFi in the UAE
UAE residents can now reap the benefits of more flexible WiFi options across more locations than ever before with WiFi UAE, according to telecom operator du. du said it is revamping its WiFi UAE pricing options to suit the needs of different profile users …
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UAE’s economic growth projected to pick up pace in 2018
Annual growth in deposits remained strong at 4.1 per cent in December 2017. The UAE Central Bank’s latest credit sentiment survey showed a marginal increase in business loans, mainly attributable to the strengthening in demand in Dubai. On the other hand …
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Now, pay Dh10 for high-speed WiFi in UAE
Dubai: UAE telecom operator du is revising its WiFi package … Jihad Tayara, vice president for business development and partnerships at du clarified that their free WiFi will continue to offer “reliable internet connection” and will not be affected …
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Dubai Islamic Bank boosts emirate’s sukuk listings to over $53bn
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has celebrating the listing of a $1 billion sukuk on Nasdaq Dubai. The listing is the first benchmark dollar-denominated sukuk from a GCC issuer in 2018 and provides significant support for the …
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Abu Dhabi Tour organisers blame automatic brake sensor for Cavendish crash
Cavendish was one of five to crash when the peloton slowed behind the lead car on stage 1 of the Abu Dhabi Tour, and although he remounted and re-joined the peloton, he was forced to abandon with a suspected concussion and whiplash. “I didn’t see it happen …
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