Ever since interest rates were slashed to near zero in the wake of the financial crisis, the world has gone property mad. Residential house prices from Abu Dhabi to Zurich have spiralled as hot money travelled the world looking for a home. For those who …
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Dubai sees over 126% rise in new businesses launched during Q1
New businesses launched in Q1 reached 308, compared to 136 in Q1 2016. Dubai Economy also saw a 12 per cent year-on-year rise in business licences issued during the first three months of 2017, it said. Total number of licences issued in Q1 2017 was 5,387 …
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DAMAC predicts Dubai property supply rise as market turns corner
DUBAI May 15 DAMAC Properties expects around 11,000 to 12,000 residential properties to hit the Dubai market in 2017, a steady increase compared to the average over the last two years, the group’s chief finance officer said. Supply of such properties in …
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How to become a Muslim in UAE? Here are the guidelines
The Abu Dhabi eGovernment portal has listed out some guidelines as to how to become a Muslim. It is targeted at those considering Islam. Visitors and residents can easily embrace the Islamic faith in the UAE, and new Muslims are supported in a variety of ways.
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RPT-Dubai plans $1.7 bln tourist project on new artificial islands
Spanning 4 million square feet, Marsa Al Arab will be made up of two islands, one dedicated to entertainment and family tourism and the other featuring luxury villas and a private marina, state news agency WAM reported on Monday. Dubai is already one of …
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Dubai plans $1.7 billion tourist resort on new man-made islands
Spanning 4 million square feet, Marsa Al Arab will be made up of two islands, one dedicated to entertainment and family tourism and the other featuring luxury villas and a private marina, state news agency WAM reported on Monday. Dubai is already one of …
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DHCC, Swiss Property to develop wellness residences
Dubai Healthcare City (DHCC) said it has signed a partnership agreement with Swiss Property, a boutique real estate developer, to increase wellness residential capacity in the free zone’s Phase Two expansion at Al Jaddaf in Dubai, UAE. As per the …
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Dubai plans $1.7 billion tourist project on new artificial islands
Spanning 4 million square feet, Marsa Al Arab will be made up of two islands, one dedicated to entertainment and family tourism and the other featuring luxury villas and a private marina, state news agency WAM reported on Monday. Dubai is already one of …
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National Pavilion UAE exhibition opens at the 57th International Art Exhibition of the Venice Bien
The National Pavilion United Arab Emirates exhibition Rock, Paper, Scissors: Positions in Play opened yesterday at the 57 th International Art Exhibition la Biennale di Venezia. Curated by Hammad Nasar, the exhibition explores the concept of ‘playfulness …
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UAE Non-Oil Growth to Rebound This Year as Austerity Slows: IMF
DUBAI (Reuters) – Non-oil economic growth in the United Arab Emirates is set to rebound this year as austerity slows after a couple of years of tough belt-tightening due to low oil prices, a senior official of the International Monetary Fund said on Sunday …
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Donald Trump Jr. tells Dubai graduates to live their dreams
Donald Trump Jr. has a message for graduating students in the Middle East. “Your opportunities are now boundless,” he told the class of 2017 at the American University in Dubai on Sunday. “Don’t let someone’s vision of your life get in the way of your dreams.”
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Dubai: $353m expansion of sewage plant is 17% complete
Work on doubling the capacity of Jebel Ali Sewage Treatment Plant in Dubai is ongoing at full pace, with 17% of the project’s second phase already completed. According to a report by WAM, the $353 million expansion works project has three main objectives …
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Dubai’s Nakheel awards $408m contract for The Palm Gateway
The Dubai developer Nakheel says it has signed a construction contract worth nearly AED1.5 billion ($408m) for The Palm Gateway, a three-tower residential, retail and beach club complex at the foot of the Palm Jumeirah. Nakheel has appointed Shapoorji …
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7 things to do in Dubai this week
Not sure this requires much explanation beyond the title, does it? This is a pre-Ramadan mini shopping festival in which the majority of stores across Dubai will be offering discounts of between 30 and 90 percent from select lines in their stores.
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Parents dread fee hike after Dubai school…
Back in February, schools in Dubai were given the go ahead to increase their tuition … Filipina mother-of-two May R. received news last week that her son’s school, rated ‘good’, would be raising the fees as per the fee frameworks structure.
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Mashreq CEO foresees branchless future for UAE bank
Dubai headquartered Mashreq could become a branchless bank thanks to new automation and self-service technology, said its CEO Abdul Aziz Al Ghurair in a speech this week to mark the bank’s 50th anniversary. An announcement about a new digital only spin-off …
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Dubai’s Emaar Properties posts 15 percent jump in first-quarter profit
DUBAI Dubai’s Emaar Properties EMAR.DU, builder of the world’s tallest tower, reported a 15 percent rise in first-quarter net profit on Sunday, broadly in line with analysts’ expectations. The developer, in which Dubai’s government owns a minority stake …
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