Fäm Properties, a leading real estate brokerage in Dubai, has topped Dh1.3 billion ($353.93 million) in residential property sales at City Walk, the new destination developed and managed by Meraas in the heart of Jumeirah, Dubai. Fäm Properties CEO Firas …
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Real estate leads economic activity in Dubai
The real estate sector has grown into a significant component of the economy in Dubai and the number of companies engaged in real estate and related activities in Dubai has now reached 8,011, including more than 680 real estate developers. According to the …
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Lootah Real Estate, Dubai South in JV deal
Lootah Real Estate (LRE) and Dubai South have entered into a joint venture to develop residential units in the Dubai South residential district. The agreement calls for the phased development of approximately 1.1m sq ft of property. “Winning such a …
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Dubai Investments Real Estate signs $300m deal for Mirdif Hills
DUBAI: Dubai Investments Real Estate Company LLC [DIRC] has signed an 1.1 billion dirhams ($300 million) financing deal with First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) for its Mirdif Hills development. Mirdif Hills is being developed …
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Abu Dhabi plan is a boon for low-income families
An editorial published in Gulf News today said that authorities in Abu Dhabi Municipality are to be commended for the new measures they have introduced to ensure that low-income families and bachelors in the city benefit from a new scheme to ensure rents …
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Abu Dhabi opens court for cases related to tourists
The Abu Dhabi Judicial Department has opened a court and prosecution for cases related to tourists who visit the emirate, official news agency WAM reported. The court, located at the Abu Dhabi International Airport, is aimed at fast-tracking cases related …
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New York wants Saudi Aramco and other Gulf IPOs: Top NYSE official
DUBAI: The New York Stock Exchange … which is believed to be looking to raise up to $100 billion next year in the biggest IPO in history, he made it clear that NYSE wants to stage the Aramco IPO, and has already had talks with the Saudi giant.
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Breaking this traffic rule caused over 21,000 accidents in Sharjah
Dubai: There are a number of traffic violations that could land a driver in serious trouble. But one has essentially become the main cause of accidents in Sharjah. Statistics issued by the traffic and patrol department at Sharjah Police has revealed that …
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Sharjah police report 122 injuries in traffic accidents during first half of 2017
according to Sharjah 24 news site. Also, 21,805 violations were issued due to a failure to leave enough distance between vehicles. Out of this, 44 accidents resulted in injuries. Non-road violations and the use of phones while driving led to 11,523 …
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Know your legal rights in the UAE
We have been running a business consultancy company in Sharjah since 2013. Our company was blacklisted … Readers may e-mail their questions to: news@khaleejtimes.com or send them to Legal View, Khaleej Times, PO Box 11243, Dubai.
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UAE tightens control on imported eggs
Entities responsible for implementing the circular include the Abu Dhabi Food Control Authority and the municipalities of Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. The decision is based on the findings of a technical report …
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Expo Centre Sharjah to host 11 events in H2
The first event on the agenda kicks off on October 3, and the last event ends on December 16, reported state news agency Wam. In the first half of 2017, the centre hosted 9 various events, it said. Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah …
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StanChart CEO says Gulf rift puts Dubai finance hub at risk
LONDON (Reuters) – The boss of Standard Chartered (STAN.L) has warned that Dubai risks damaging its status as a financial center as a result of the trade boycott of Qatar by a Saudi-led bloc, which includes the United Arab Emirates. Standard Chartered is a …
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Another fire breaks out at Dubai Marina
Dubai: A fire was reported on Monday at the Dubai Marina, which according to social media users, happened at the Movenpick hotel at around 10am. Fire at the Mövenpick. Hope everyone is safe! #Dubai pic.twitter.com/Ys37ZZE2Pe— Tinia Nassif (@webteee …
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Dubai tower engulfed in flames as a massive blaze breaks out in super tall residential building
FIREFIGHTERS have brought under control a blaze that engulfed one of the world’s tallest residential buildings in Dubai. A fire broke out in the 86-storey Torch Tower in the United Arab Emirates holiday hotspot about 1am local time (7am AEST) and spread …
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Indian man wins 5 million dirham jackpot in UAE
Thokachichu, who first came to the UAE in 2008 and makes less than 10,000 dirham a month, said he will save a portion of the money to pay for the education of his four-year-old child. Get latest news & live updates on the go on your pc with News App.
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Fire strikes another tower in the Dubai Marina, days after a blaze struck a building in the same area
A fire broke out Sunday at another high-rise tower in the Dubai Marina, just days after a blaze struck one of the world’s tallest residential towers in the same neighborhood. Authorities quickly extinguished Sunday’s fire at the Tiger Tower and said it …
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