LONDON: Higher interest rates and falling property prices could hit Dubai developers’ transaction volumes linked to the purchase of properties off-plan, warn experts. Craig Plumb, head of research at property advisory firm JLL in Dubai, said rising …
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Dubai premium office rents flatline during 2017
Occupancy costs for premium office space in Dubai International Financial Centre (DIFC) remained largely unchanged over the past year at $94 per square foot per year, according to real estate consultancy JLL. The cost, which includes additional fees and …
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Day 1 of Abu Dhabi Grand Slam Jiu-Jitsu World Tour Begins Successfully
Abu Dhabi, United Arab Emirates, 12th January, 2018: Abu Dhabi Grand Slam® Jiu-Jitsu World Tour fourth leg in Abu Dhabi began today with the purple, brown and black belts [male and female] at the Mubadala Arena for a full day of skillful fights on the …
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UAE nears clean energy goal
The UAE has embarked on a comprehensive energy transformation … “The fast evolving energy landscape has pushed us all in our industry to form new strategies, rethink business models and basically up our game. As the Abu Dhabi National Oil Company …
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Alarming increase in Ethiopian suicide cases in UAE
Ethiopian Consul-General to the UAE, Yibeltal Aemero Alemu, told Gulf News that the number of suicides in 2017 increased to 10 from two recorded in 2016. The figures in 2016 and 2017 do not include Al Ain and Abu Dhabi. There are around 200,000 Ethiopians …
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Qatar complains to UNSC after UAE violates airspace
Qatar has complained to the UN Security Council after the United Arab Emirates violated its airspace. In a letter to the secretary-general of the United Nations, the Qatari delegation said a UAE fighter jet entering Qatar’s airspace was a flagrant …
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Man jailed in Dubai over angry WhatsApp message to dodgy car dealer
A BRIT working in Dubai was jailed there for moaning on WhatsApp about a second-hand car. Estate agent Yaseen Killick, 29, paid £6,000 ($AU10,000) for the VW Golf only for it to break down within hours, The Sun reports. He then discovered it was …
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Dubai’s Union Properties buys stake in Egyptian developer
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UAE says demand for .ae domain name exceeds targets in 2017
“The UAE e-presence online is an important indicator of the business sector confidence in the ability and credibility of the national domain among the targeted audience in the country.” Al Mesmar added: “The national domain enhances the investment …
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Top Indian scientist to join UAE space mission
Speaking to Gulf News later, Consul General of India in Dubai, Vipul, confirmed that the top space scientist in question is K. Radhakrishnan, who retired as chairman of the Indian space agency in 2014. Ranked among the world’s top 10 scientists in 2014 …
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Dubai is getting these stunning $23 million floating villas that can withstand flooding
The buoyed islands will bob up and down with water levels so they won’t flood, Waterstudio founder Koen Olthuis told Business Insider … mile archipelago of over 300 artificial islands. Dubai-based developer wants to start building homes and hotels …
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Technical issues hit visa issuance at Sharjah’s Al Hamriyah free zone
A top official at GDRFA Sharjah told Gulf News that they were working to fix the problem but it could take some time. He said the problem started due to a system change from online to e-channel and added that the company responsible for the transition was …
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Dubai Airports and ITP Media Group to Launch Breakthrough Media Brand
DUBAI, United Arab Emirates–(BUSINESS WIRE)–In a world-first, Dubai Airports and ITP Media Group have joined to launch Time Out DXB, a new media brand with the opportunity to engage with the 90 million passengers that pass through the world’s leading …
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UAE sets world record for ‘Largest Environmental Sustainability Lesson’
Abu Dhabi: The Zayed Future Energy Prize on Wednesday earned the … This is the first time,” Samer Khallouf, official adjudicator from Guinness World Records told Gulf News. The 30-minute lecture highlighted how young people around the world can help …
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Dubai Ruler visits President’s representative
Al Ain: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday visited Ahmad Khalifa Al Suwaidi, the President’s Representative, at his residence in Al Muwaiji area, to check on …
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Growth of Dubai’s non-oil sectors slowed in December, says Emirates NBD
The wholesale and retail sector – indexed at 54.9 – was found to be Dubai’s best performing sector, followed by construction (53.5). The slowest business sector improvements were found in the travel and tourism sector (51.2). “The decline in the …
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Dubai non-oil private sector growth hits 14-month low
Growth in business activity was the lowest seen from Dubai’s non-oil private sector companies since April 2016 and the rate of hiring was the weakest since June 2017. New orders continued a run of increasing activity since March 2016 but also grew at the …
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