Dubai developer Nakheel and Spain’s RIU Hotels and Resorts have awarded a Dhs385m ($104.8m) construction contract for their upcoming beachfront resort and water park on Deira islands. The project, comprising an 800-room mid-scale beachfront resort and …
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Dubai Duty Free returns to sales growth in 2017
“We are pleased to announce such a positive year with 2017 marking our 34th year of business,” said executive vice chairman and CEO Colm McLoughlin. “The entire team at Dubai Duty Free has worked hard to provide passengers with a first class shopping …
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Some gold shops in Dubai absorb 5% VAT
Dubai: Effective January 1 this year, buyers of gold and diamond jewellery in the UAE are supposed to pay a 5 per cent value-added tax (VAT), but it looks like some of them won’t have to pay for the extra charge. A few retailers in the country have …
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Partial Dubai Metro closure until mid-2019
Dubai: The Roads and Transport Authority (RTA) in Dubai on Wednesday announced the closure of the Metro Red Line between Jumeirah Lakes Towers (JLT) and Ibn Battuta Stations. A shuttle service will start from Friday, January 5, 2018 and will continue up to …
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UAE’s ad industry must see off another difficult year
“Any marcom firm in the UAE that is able to offer a combined set of services … “If you do the numbers, everybody believes you know your business. And if you don’t, everybody thinks they know your business better than you do.
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Get ready for UAE temperature to fall further
Dubai: The weather on Wednesday has started cooling down, and residents can look forward to slightly chillier days ahead over the weekend. The UAE can expect lows of 11-18 degrees Celsius in coastal areas, between nine and 16 degrees Celsius in internal …
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Female bicycle responder service launched in Dubai
Dubai: Female cycle responders will now be deployed to cater to emergency cases involving women and children in Dubai’s busiest areas, the Dubai Corporation for Ambulance Services (DCAS) announced. The emergency bicycles, which will cover crowded areas …
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Pictures: Google co-founder Brin visits Dubai
The co-founder of internet giant Google has been pictured in Dubai by the emirate’s media office. Sergey Brin, who is president of Google’s parent company Alphabet Inc, was shown speaking to Dubai Crown Prince His Highness Sheikh Hamdan bin Mohammed …
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Dubai Customs launches initiative to mark Year of Zayed
Dubai: Dubai Customs kicked off Year of Zayed 2018 with the launch of a new humanitarian initiative that aims to support minors. The initiative, which was launched on Tuesday by signing an agreement with the Awqaf and Minors Affairs Foundation, seeks to …
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Dubai renters started to buy in 2017
Statistics from Propertyfinder Group suggest Dubai residents moved from renting to buying last year The last 12 months have Dubai residents switch their rental contracts for mortgages, according to a new report from Propertyfinder Group. The last 12 months …
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Robbed of frame and fortune! Dubai’s giant ‘picture frame’ landmark opens amid controversy as architect says his idea was ‘stolen’
The 50-storey-high Dubai Frame, which cost an estimated £35million, consists of two 150-metre high, 93-metre wide towers connected by a 100-meter bridge – all covered in gold plating. A decade after the ambitious plan emerged, the structure has now been …
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Why tech billionaire compared Dubai to Google
Dubai: The emirate of Dubai could be compared to a number of cities around the world, and now, its being compared to the multi-billion dollar enterprise Google. Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Dubai …
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Dubai property ROI still strong amid softening prices
Dubai property saw stable Returns on Investment (ROI) in 2017, but suffered lower rent and sales prices across most property types year-on-year, according to a Bayut.com report. Based on 94,000 listings hosted on Bayut.com from November 2016-November 2017 …
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Revealed: Where Dubai property rents, prices fell the most in 2017
The last 12 months have been a period of softening prices and rents across most property types in Dubai, with significant declines in some areas. In an end of year report, property site Bayut.com compiled a list of popular areas that had seen the most …
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UAE’s oyster farming business thrives on ‘eat local’ movement
When Ramie Murray set out to start a business in the field of aquaculture a few years ago, his plan was to farm rock lobsters. He also threw a few oyster spats, or baby oysters, into the mix, just to see how they would do. As it turned out, the hatchery …
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UAE residents recount their first purchase with VAT
On the first day of its implementation, Gulf News visited shopping malls and retail outlets to gauge the impact of VAT. Mohammad Mufaris, a senior supervisor in an insurance company in Abu Dhabi, shopping at Lulu in Mushrif Mall, said “We have not …
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Meet the team that keeps Dubai clean
Dubai: Even before you wake up, the city is scrubbed clean. Dubai residents produce 9,000 tonnes of waste every day, but you would be hard-pressed to see it in public. The Dubai Municipality’s Waste Management Department is responsible for ensuring Dubai …
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