“At a time when culture is under attack… this is our joint response,” French Culture Minister Francoise Nyssen said at a news conference Wednesday in Abu Dhabi to announce the November 11 opening date. The museum has been a decade in the making and is …
( read original story …)
A decade later, still no contract to build Guggenheim in UAE
More than a decade after its launch, an Abu Dhabi branch of the Guggenheim remains unbuilt. The Guggenheim has told The Associated Press that “no contract has been awarded” to build the museum. That came as authorities on Wednesday announced that the …
( read original story …)
Segments of UAE Property Market Set for Growth in 2018
· Dubai residential capital values stabilise with downward corrections nearing an end · DIFC stamps authority as regional business hub with injection of new Grade A space As the UAE government pioneers fiscal adjustment in the region in response to …
( read original story …)
Isle of Man firm to launch 250 mln-pound Dubai property priced in bitcoin
NEW YORK (Reuters) – The Knox Group of Companies, with headquarters in the Isle of Man, announced late on Tuesday it will launch a residential and commercial property development in Dubai valued at 250 million pounds ($325 million), with residences that …
( read original story …)
Dubai Luxury Property Go on Sale for Bitcoin
This week Scotland’s two business luminaries, Baroness Michelle Mone and Douglas Barrowman, have announced the sale of 2.4 million square feet of Dubai residential property will be sold for bitcoin. The residential 40-storey tower apartments will be the …
( read original story …)
Emirates NBD UAE PMI: Non-oil private sector growth at 30-month high
The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector, and says that new export orders rose for the first time in three months …
( read original story …)
Middle East branch of Louvre Museum set to open in November
ABU DHABI, United Arab Emirates – The Mideast branch of France’s iconic Louvre Museum will open in Abu Dhabi on Nov. 11. Officials made the announcement Wednesday in the United Arab Emirates’ capital of Abu Dhabi, just a short distance from the building on …
( read original story …)
UAE non-oil private sector grows fastest in over two years
The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector. Subscribe to Arabian Business’ newsletter to receive the latest breaking news …
( read original story …)
Sharjah family suicide leaves 3 dead
Sharjah: Sharjah Police confirmed to Gulf News that the deaths of three people in a hotel apartment in Sharjah on August 29 was the result of suicide. The incident, described by the police as a group suicide attempt, involved a man, a woman and a youth …
( read original story …)
Dubai gold prices soar further: Time to sell?
Dubai: Gold’s winning streak continued on Tuesday as safe … managing director and CEO of Pure Gold Jewellers, told Gulf News. Merchant said their shops have not experienced any slowdown in retail gold jewellery buying despite the price rally.
( read original story …)
Isle of Man firm to launch 250 million-pound Dubai property priced in bitcoin
NEW YORK (Reuters) – The Knox Group of Companies, with headquarters in the Isle of Man, announced late on Tuesday it will launch a residential and commercial property development in Dubai valued at 250 million pounds ($325 million), with residences that …
( read original story …)
Emirates Towers Business Park to revive Dubai property market?
The recently announced AED5 billion ($1.36 billion) Emirates Towers Business Park is set to revive Dubai’s commercial property market after it has experienced slow growth over the past six months, according to the latest Dubai Office Market Bulletin for …
( read original story …)
Parking buildings near completion in Sharjah
Sharjah: Sharjah Municipality announced that 90 per cent work on a multi-storey car park in Al Qasimia and 70 per cent on two parking buildings in Al Majaz have been completed. The municipality said the parking building in Al Qasimia area can accommodate …
( read original story …)
Abu Dhabi villa tenants allege cheating by sub-lessor
Abu Dhabi: Two dozen families living at a villa compound in Mohammad Bin Zayed City have told Gulf News that they fear they will be evicted following a dispute between the landlord and sub-lessor who leased out the villas. According to tenants, problems …
( read original story …)
UAE developers reveal property plans ahead of Cityscape
LONDON: UAE developers have revealed plans for a slew of new projects ahead of next week’s annual Cityscape real estate exhibition in Dubai. Nakheel, the developer behind Dubai’s Palm Islands, said it would launch projects worth more than 3.2 billion …
( read original story …)
4 children drown in Abu Dhabi
Abu Dhabi: Four boys drowned in Al Bahya sea on the outskirts of Abu Dhabi on Monday, sources said. Al Bahia is around 45 kilometers from Abu Dhabi city. The drowned children include one Emirati and three Arab nationals. The children were not accompanied …
( read original story …)
Dubai ‘on path to rival London, New York’ with $1.36bn business park
The recently announced Emirates Towers Business Park is set to become Dubai’s most defining commercial development in over 10 years, according to Cluttons. The real estate consultant said its launch is putting Dubai on the path to rivaling the City in …
( read original story …)