An inferno burned early Sunday in The Address Residences Fountain Views, a high-rise tower complex being built alongside Dubai’s largest mall.
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UAE businesses face late payments
UAE companies, particularly SMEs, faced financial hurdles in 2016 after having to wait twice as long for payments. 2016 saw low recovery and low growth in the GCC due to the recent drop in the oil price, which impacted the liquidity in the market …
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Fire rips through highrise near Dubai's Burj Khalifa
DUBAI, United Arab Emirates — An inferno burned early Sunday in a high-rise tower complex being built alongside Dubai’s largest mall, its thick black smoke shrouding the world’s tallest building nearby in this desert metropolis where skyscraper blazes …
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Aldar Properties awards AED500 mln contract for Mayan development
Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has awarded its main contract for Mayan, a luxury residential development located on Yas Island, to Ghantoot General Construction, one of the leading …
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Dubai property market to ‘bottom out’ before end of 2017
Dubai’s property market is stabilising and is on track to “bottom out” before the end of 2017, a new report by real estate consultancy Cluttons has found. While prices in the residential market continued to drop in the first quarter of the year, the …
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Dubai Real Estate Market on Course to Stabilize during 2017
A slowing rate of decline across all sectors of the Dubai real estate market suggests increasing stability and the expectation of the market ‘bottoming out’ before the end of 2017, according to leading international real estate consultancy, Cluttons.
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Free WiFi now in more Dubai taxis
Dubai: The Dubai Taxi Corporation (DTC) at the Roads and Transport Authority (RTA) has embarked on Phase II of the installation of interactive screens and free WiFi service project in 700 taxicabs in Dubai Marina, JBR, and Downtown areas. The step will …
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Abu Dhabi’s Plowing Ahead With These 10 Mega Projects During an Oil Slump
Abu Dhabi, which sits on about 6 percent of the world’s oil reserves, has pushed ahead with a construction program that began before crude prices slumped in 2014. From a branch of Paris’s Louvre museum, a new airport terminal and a nuclear power plant …
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Starting a business in Dubai: Legal business structures
The Department of Economic Development lays down acceptable legal structures for companies based in Dubai. The rules and regulations for each of these vary accordingly and the categorisation is based on the ownership of the firm. If you are a foreign …
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DO NOT PUBLISH- Abu Dhabi’s Plowing Ahead With These 10 Mega Projects During an Oil Slump
Abu Dhabi, which sits on about 6 percent of the world’s oil reserves, has pushed ahead with a construction program that began before crude prices slumped in 2014. From a branch of Paris’s Louvre museum, a new airport terminal and a nuclear power plant …
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Large fire burns in Dubai near site of dramatic 2015 blaze
A large fire broke out early Sunday at a high-rise complex under construction near Dubai’s largest shopping mall, sending thick gray smoke billowing over the heart of the city. The site is next to the Dubai Mall and near the 63-story The Address Downtown …
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Building near Dubai Mall catches fire
“It was around 5.40am that we saw the fire. At first look we thought it was Dubai Mall that caught fire and we were in shock,” Jaseem told Gulf News. He said soon they realised it was a nearby building under construction that caught fire. “I think the fire …
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UAE economy hits sweet spot
“On-going global political remained flat for Dubai South built stock. Uncertainties are likely to impact the performance of financial markets, which in turn will dent investor sentiment and appetite.” Charles Swanson, Surveyor, UAE Industrial Leasing.
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Rise in UAE trailer accidents prompts training review
… focusing on specialised skills required to drive heavy trailers and tankers will become mandatory in Dubai from the end of this year, Gulf News can confirm. The Roads and Transport Authority (RTA) has already introduced an additional theory class for …
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Dubai attracted AED 25.5 billion in foreign investment in 2016, Hamdan Bin Mohammad says
Dubai, as a city of the future that embraces talent, innovation and new business models, continues to inspire a new generation of companies that rely on modern technology and seek competitiveness. Eye on future Shaikh Hamdan said that Dubai’s FDI …
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UAE markets flounder as they wait for greater conviction
Last week the Dubai Financial Market General Index (DFMGI) was up 19.00 or 0.55 per cent to close at 3,480.43. Although not a big move, this was the best performance in seven weeks. For five of the past seven weeks the index was down while it was flat for …
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Shanghai Delighted by Dubai Property Show
Shanghai World Expo Exhibition hosted the Dubai Property Show. It was opened for the general public at the Convention Centre on Friday, 24th March, taking the emirate’s top properties to Chinese buyers. Majida Ali Rashid, assistant director-general of …
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