LONDON: Demand for commercial space in the UAE fell for the ninth consecutive quarter in the last three months of 2017, with a marginal decline seen in office rentals, but a steeper deterioration affecting industrial and retail space. Even as demand falls …
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Dubai market rebound unlikely but weak dollar offers hope
Foreign buyers accounted for 20 percent of Dubai real estate transactions in the 18 months to June 2017, data from the Dubai Land Department showed. Your browser does not support the video tag.
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Dubai Bitcoin apartments now sold out
The $300 million real estate development Aston Plaza has launched in Dubai was touted as the world’s first ever scheme available for purchase using cryptocurrency Bitcoin. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and …
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Dubai Municipality approved 71% more land for construction in 2017
Dubai Municipality last year approved 10 million square metres of land for construction projects across a range of categories including residential, offices, tourist and open areas – a 71 percent increase on 2016. Dawoud Al Hajiri, assistant director …
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Dubai Investments Announces $20 Million Investment in Africa Crest Education
… largest listed diversified investment company listed on the Dubai Financial Market with a market cap of c. US$ 3 billion. Their investment in ACE confirms that strong and robust business execution strategies in the education sector, based on the …
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Abu Dhabi International Airport to Offer Flight Updates via Twitter and Facebook
Twitter users travelling to and from Abu Dhabi International Airport can now receive real time flight updates to their Twitter and Facebook accounts, thanks to a new service called BizTweet launched this week by Abu Dhabi Airports. Abu Dhabi Airports …
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Weaker dollar increases affordability of UAE real estate, analysts say
“Looking at the top buyer groups, where the currency is not pegged, who invest in UAE property we can see that on a currency basis alone, compared to January 2017, Indian rupee-denominated buyers would now find purchasing property in the UAE 6 per cent …
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Four Seasons Abu Dhabi appoints new GM
Four Seasons Hotel Abu Dhabi at Al Maryah Island, the luxurious waterfront property located on Abu Dhabi’s upscale business and lifestyle destination, has welcomed Olivier Thomas as the new general manager. With over 20 years of experience in the luxury …
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UAE Launches Humanitarian Aid Databank at World Government Summit
DUBAI, United Arab Emirates–(BUSINESS WIRE)–The UAE today launched a humanitarian logistics databank at the World Government Summit (WGS) in Dubai. Announced by HRH Princess Haya bint Al Hussein, Chairperson of the International Humanitarian City …
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How To Start A Business In Dubai: A Complete Guide
The emirate of Dubai is considered a favourable business destination for foreign investors to start their own businesses and companies. Dubai’s booming economy is what makes it appealing to investors to open new branches of their businesses there or …
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Dubai’s Careem to offer lower ride rates in Abu Dhabi
The change will mean Careem’s offering expands to economy, business and minivan services and has a similar pricing structure to that in Dubai. Al Nahlaoui did not disclose the exact fares but they are still expected to be 30 per cent more expensive than …
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Touting ‘transformation’, French PM seeks investment in Dubai
DUBAI: France’s Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai on Sunday, seeking investment from the oil-rich Gulf region. “France is undergoing great transformation,” Philippe said …
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Dubai PMI picks up in January, boosted by construction activity
The Emirates NBD Dubai Economy Tracker rose to 56 in January from 54.7 in … It also found that the volume of new business rose for the twenty-third straight month in January. On the selling price front, prices rose at the fastest pace in three years …
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Commodity experts tackle latest industry trends at the 5th Global Commodity Outlook Conference in Dubai
In his opening remarks, Omar Khan, Director of International Offices, Dubai Chamber of Commerce & Industry, said: “Our goal is to support the development of business and promote Dubai as an international business hub. Since 2012, we have been focused …
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Abu Dhabi temple construction to begin during Modi’s visit
The groundbreaking ceremony is set to start at around 10am on Sunday, a top Indian diplomat told Gulf News. The construction of the temple commences during the visit of the Indian Prime Minister Narendra Modi to the UAE. The Abu Dhabi government has …
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India’s Modi in UAE to Boost Ties With Gulf Arab States
India’s cultural and economic influence on the UAE is so great that Dubai’s daily English newspaper, Gulf News, created a video on its website titled: “How Indian is the UAE?” The video explains that, for example, the UAE used Indian rupees before the …
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UAE welcomes India’s Modi ahead of World Government Summit
The UAE and India are expected to sign various agreements and a memoranda of understanding, reported Gulf News. In an interview with the Indian Ambassador to the UAE, Navdeep Singh Suri, he said that there will be new areas of cooperation and engagements …
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