According to latest data and filings: Dubai Investments CEO earned AED4.65m in 2019 and AED5.25m in bonuses during 2019. Du’s CEO was paid AED4.75m plus an additional AED4.76m in bonuses during the …
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Dubai Tourism awards Meliã Desert Palm Dubai five-star status
Boutique polo resort Melia Desert Palm Dubai is celebrating its 12th anniversary with the announcement that they have received the five-star certification from the Department of Tourism & Commerce …
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Saudi property financing firm Amlak says sets price range for IPO
Saudi Arabian real estate financing firm Amlak International has set the price range for its planned initial public offering (IPO) at between 15 riyals ($4.00) and 17 riyals, it said in a statement on …
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Illegal slaughterhouse shut down in UAE for flouting hygiene rules
Besides the residential house, two other facilities were also seized for flouting commercial activity norms and storing goods in unlicensed warehouses.
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Jumeirah Group launches daycation packages at four of its Dubai hotels
Hotels and resorts within Dubai have been given the green light to reopen private … Celebrating the ease in restrictions, Jumeirah Group has rolled out daycation packages at four of its properties …
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Revealed: Eleven of the best staycation deals in Dubai
Issa Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DCTCM) said he hopes encouraging local visitors to the properties across the emirates will help kickstart the sector, which has …
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Chinese interest in Australian property shrinks as diplomatic rift grows
Chinese buyer enquiries for Australian homes fell to their lowest in almost three years in May, according to independent data, suggesting multi-billion dollar housing demand could be another casualty …
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Residential property prices in Saudi Arabia rose 2.1% in Q1 2020
DUBAI — Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released its Saudi Arabia Property Market Report for 2020 comprising key property data and …
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Deeds to property in Dubai seized by gardaí along with watches, drugs, designer clothing
One vehicle, valued at € 50,000, and jewellery and luxury watches with a combined value of €100,000 were confiscated by Cab, along with the deeds to a property in Dubai. Designer clothing was …
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Abu Dhabi: Dh200 million to be refunded to restaurants, tourism and entertainment facilities
The refund of Dh200 million constitutes 20% of rental value of commercial properties UAE bank: Abu Dhabi resident asks, ‘Where are my remaining loyalty reward points?’ Abu Dhabi: Around 8,000 tourism, …
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RAK Properties’ profit jumps threefold on the back of higher operating income
RAK Properties reported a more than threefold increase in net profit for the first quarter on the back of higher net operating income and lower finance costs. Net profit for the three months ending …
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All you need to know about Yas Island ahead of UFC 251 in Abu Dhabi
In the deepest darkest recesses of the coronavirus lockdown, ‘Fight Island’ seemed like a compelling pipe dream. But the grand contingency plan is becoming a reality.
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Construction, project deliveries in full swing despite COVID-19
The UAE’s property sector is in fine fettle and is marching ahead despite the COVID-19 challenges. The country’s real estate investors and developers have lauded the UAE government’s smart initiatives …
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Abu Dhabi encourages tourism, entertainment and F&B outlets to stay in business with rent rebates
Some 8,000 businesses with collective rent valued at Dh1bn qualify for 20 per cent rent relief amid Covid-19 crisis …
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Accor unveils staycation, dining offers at UAE hotels
Accor, a world-leading augmented hospitality group, has announced half-price staycation and dining offers at more than 50 hotels and resorts across the UAE, exclusive to members of its new lifestyle …
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RAK Properties’ profit jumps three-fold on the back of higher operating income
RAK Properties reported a more than three-fold increase in net profit for the first quarter on the back of higher net operating income and lower finance costs despite a drop in revenue. Net profit for …
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Etihad, Aldar Properties ink major partnership deal
UAE’s Etihad Airways and Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, have entered into a historic partnership that brings benefits to Etihad …
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