Beyoncé was performing her first live concert in more than four years at a private event for the opening of Atlantis The Royal, a $1.4 billion luxury hotel.
UAE’s real estate sector to remain resilient in 2023, says report
Despite macroeconomic volatilities impacting the global real estate landscape, the UAE has witnessed strong momentum in the last quarter of 2022, signaling a steady growth pipeline in 2023, according …
UAE stock markets poised for another stellar year
The UAE stock markets were the second-best performing stock market in 2022, and the best in US dollar terms with a gain of 37 per cent, recent research sho..
Dh246.6b saving deposits in UAE banks by end of November 2022
At the end of November of last year, saving deposits in the UAE banking system, excluding interbank deposits, grew to Dh246.61 billion, a growth of approximately Dh7.21 billion, or 3 per cent, from …
Build-to-rent property fund raises $212mln from US, European and local Dubai investors
The fund focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal. $212 million was raised, with 35 per cent originating from North America, 37 per cent from Europe …
AED246.6 bn saving deposits in UAE banks by end of November 2022
At the end of November of last year, saving deposits in the UAE banking system, excluding interbank deposits, increased to AED246.61 billion, a growth of approximately AED7.21 billion, or 3 percent, …
Dubai announces road closures
Affected roads on January 27&28, 5:00 PM-12:00 AM midnight, coinciding with the Coca-Cola Arena events: -Al Safa St. – Al Badaa St. – Sheikh Zayed Rd. at the intersection with the Financial Centre St.
DWF Adds Former Banking GC to Dubai Office
The new partner did stints with J.P. Morgan, Nomura Securities and Lehman Brothers before becoming general counsel at the British Arab Commercial Bank in London.
Elite Downtown Residence: a brand new project overview in Dubai
Elite Downtown Residence is an off-plan real estate in Dubai consisting of a 29-storey housing estate right in the heart of the metropolis, also known as Downtown. The complex is attractive for …
Dubai records over $517mln in realty transactions on Thursday
DUBAI: Dubai real estate market recorded 542 sales transactions worth AED1.57 billion, in addition to 95 mortgage deals of AED259.78 million, and 13 gift deals amounting to AED104.98 million on …
Dubai Investments acquires 9% stake in UK-based digital bank
Dubai Investments, a Dubai-listed entity, has acquired 9 per cent of Monument Bank Limited, a UK-based digital lender. Dubai Investments acquires a 9% equity stake in Monument Bank Limited, a UK Based …
Dubai Land Department issues 9,047 permits, 6,479 licences in 2022
Dubai’s real estate sector witnessed transactions worth a record Dhs528bn in the past year, a 76.5 per cent increase from 2021.
Dubai’s DGCX sees16% rise in volume of trades in 2022, total value touches $162bn
DGCX reporting a 78 per cent increase in the volume of gold contracts traded on the exchange compared to the previous year …
Dubai Land Department issues 9,047 permits, 6,479 licences
The Dubai Land Department issued a total of 9,047 real estate permits and 6,479 real estate licences in 2022, a growth of 46.6% and 53% respectively from 2021, according to statistics released by the …
The first edition of the MENA IPO Summit – Dubai 2023 announces successful conclusion and notable outcomes from the global IPO community
Dubai’s first edition of the MENA IPO Summit was hosted by DFM between 23rd and 25th January 2023, in partnership with Dubai World Trade Centre (DWTC). The 3-day event brought together global industry …
Big surge in DLD licences reflects Dubai’s investor appeal
DLD issued a total of 9,047 real estate permits and 6,479 real estate licences in 2022, a growth of 46.6 per cent and 53 per cent, respectively, from 2021 …
UAE real estate defied global trends to have stellar year in 2022
where two notable sectors of demand have been the traditional and alternative finance sectors. Dubai continues to see a significant amount of retail demand originating from the food and beverage …