According to the latest property report from Cluttons, as the UAE government pioneers fiscal adjustment in the region in response to declining oil prices, milestones such as Expo 2020 and the introduction of VAT will play a key role in boosting the country …
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UAE has notched up 24 new world records so far this year
Dubai: From the fastest police car to the largest kidney, the UAE managed to set over 24 world records in 2017, landing its achievements in the 63rd edition of the Guinness World Records Book (GWR) 2018. The announcement was made by Talal Omar, GWR’s …
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You can buy a new Dubai apartment for 50 bitcoin
Bitcoin fans are being offered first dibs on 150 apartments in a new Dubai development. Aston Plaza and Residences is offering studios for 30 bitcoin, and one-bedroom apartments for about 50 bitcoin ($242,000), although the prices may vary because they’re …
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UAE’s non-oil private sector growth at 30-month high
Dubai: The Emirates NBD Purchasing Managers’ Index (PMI) for the UAE rose to 57.3 in August from 56.0 in July, signalling the sharpest improvement in business conditions since February 2015. Growth in the UAE non-oil private sector economy climbed to the …
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Dubai Municipality cracks down on online pet trade
Dubai: The Veterinary Services Section of Dubai Municipality’s Public Health Services Department is carrying out a campaign to eliminate illegal online trade of animals through websites and social networking sites. The municipality has already ordered a …
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UAE’s first ‘water home’ arrives in Dubai
The UAE’s first-ever “water home” has it made its way along the city’s newest attraction – the Dubai Water Canal – to berth at Marasi Business Bay . Dubai Properties, the real estate master developer behind the project, said over the coming days the …
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Long term financial planning weak among UAE residents
Dubai: Long term financial planning among UAE residents is relatively weak with more than one-third (37 per cent) of people surveyed in HSBC’s latest ‘The Power of Protection’ study, say they have never had a conversation with anyone about long-term …
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UAE residents optimistic about financial future
Nearly nine in 10 people in the UAE are supporting a parent or child financially, while almost 100 per cent say they expect their financial situation to either improve or stay the same, an HSBC survey finds. The UAE ranks the second highest globally with …
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UAE showcases local culture at Astana Expo 2017
ASTANA: The UAE presented Arabic music and dance to an international audience at the Expo 2017 Astana on Wednesday. At the UAE pavilion, visitors were shown the UAE’s progress in developing sustainable energy. The Astana Expo, a smaller event than Dubai …
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UAE among world’s most generous
Dubai: The UAE has been voted one of the ten most generous countries in the world in the latest global study that tracks giving trends. The Charities Aid Foundation (CAF) has recently polled individuals living in 139 countries and asked them if they had …
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Mideast outpost of Louvre to open in Abu Dhabi in November
The Mideast outpost of France’s iconic Louvre Museum will open in Abu Dhabi on Nov. 11, officials announced Wednesday, ending a decade-long wait for a gallery whose construction was beset by economic turmoil and criticism over laborers’ working conditions.
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Long-delayed Louvre Abu Dhabi to open its doors in November
“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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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