Those looking out for a high-end apartment or villa to rent in Abu Dhabi should be able to get their way, with rates declining by 7 and 10 per cent respectively on these property types during 2016. From a landlord’s perspective, the current situation …
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Aldar Properties 2016 net profit surges to $762m
Aldar Properties, a leading property development company in Abu Dhabi, UAE, has reported a eight per cent jump in its net profit for the financial year ended December 31, 2016 which soared to Dh2.8 billion ($762 million) from Dh2.6 billion ($707 million …
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Abu Dhabi rents continue to drop under market pressures
according to the Abu Dhabi Residential Market Update Year in Review 2016 report from leading international property agency Chestertons Mena. “Redundancies and the shrinkage of the oil and gas sector continue to place pressure on the demand in the market.
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Aldar Properties : proposes 11% dividends for 2016
Abu Dhabi – Mubasher: Aldar Properties said its board recommended 11% cash dividends, equivalent to 11 fils per share, for the fiscal year 2016, according to a statement. Total recommended dividend payout stood at AED 865 million for FY16. The company’s …
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Aldar Properties reports an 8% increase in net profit to AED2.8 billion for 2016
We continue to see demand for our destination development strategy to create high quality, well-situated properties in vibrant communities in Abu Dhabi. As a result, our development sales value increased 17 percent to AED3.5 billion in 2016. Regarding our …
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Abu Dhabi Airports awards car parking contract for Midfield Terminal Complex
Abu Dhabi Airports has awarded a five-year car parking contract … shopping malls, universities, hospitals and property developers.
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UAE a 'key partner' for US in region
The UAE is a “key US partner” in the Middle East, according to a new report from the US-UAE Business Council. The report – entitled an Enduring Partnership – is being released ahead of the upcoming International Defence Exhibition and Conference (IDEX …
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This drone could be ferrying passengers through Dubai’s futuristic skyline as soon as July
Up, up and away: Dubai hopes to have a passenger-carrying drone regularly buzzing through the skyline of this futuristic city-state in July. The arrival of the Chinese-made EHang 184 — which already has had its flying debut over Dubai’s iconic …
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Dubai announces passenger drone plans
Media captionThe drone was first unveiled at the CES tech fair in 2016. A drone that can carry people will begin “regular operations” in Dubai from July, the head of the city’s Roads and Transportation Agency has announced at the World Government Summit.
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Dubai aims to have passenger-carrying drone taxi in service in July
The arrival of the Chinese-made EHang 184 — which already has had its flying debut over Dubai’s iconic, sail-shaped Burj al-Arab skyscraper hotel — comes as the Emirati city also has partnered with other cutting-edge technology companies, including …
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Abu Dhabi’s New $125 Billion Sovereign Fund Is Taking Shape
Abu Dhabi is close to finalizing the merger of two of its largest sovereign wealth funds — Mubadala Development Co. PJSC and International Petroleum Investment Co. The combined entity, which will be known as Mubadala Investment Co., will become the …
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Global Investing: 9 reasons why the Snap IPO…
However, even as its investment bankers do their best to “hype” the prospects of the Snap IPO in global markets, I advise UAE investors to avoid the new issue deal like the plague. Why? One, Snap has been in existence for the past five years but has not …
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Tesla Superchargers Launches In UAE Sooner Than Expected, Details Here!
In other news, The National reported that the launch will pave the way to increase sales of electric vehicles in the region. In fact, Musk announced that they are expected to finalize deals with major hotel operators in Abu Dhabi and Dubai to install Tesla …
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Dubai aims to launch hover-taxi by July
DUBAI has tested a Chinese prototype of a self-driving hover-taxi, its transport authority said on Monday, with the aim of introducing the aerial vehicle in the emirate by July. The test of the one-man electric vehicle comes as the city state in the United …
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Top Dubai developer targets Kenya’s super rich with its Sh22bn property
Dubai-based real estate firm Deyaar has pitched camp in the country hoping to lure super rich Kenyans to buy into its Sh22.5 billion ($218 million) property development in Dubai. Deyaar, one of United Arab Emirate’s (UAE’s) largest property development …
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Doing Business In The UAE: What You Need To Know About Local Partners
You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. There is often a lot of confusion around the different types of companies that can be set up by foreign entrepreneurs in the UAE. To the outsider looking in, you …
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Tesla targets Middle East luxury car market with Dubai debut
Tesla Inc has started selling its luxury electric cars in Dubai, marking its first foray into the Middle East. Sales of luxury cars in the Gulf states are among the highest in the world per capita, although some brands have suffered as lower oil prices …
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