Emaar Malls recorded net profit of $149 million over the first three months of 2018 More than 35 million people visited Emaar Malls in Q1 2018, a 3 percent increase over the same period last year, the company announced on Sunday. Of the visitors, 60 percent – 21 million – were at Dubai...

Emaar Development currently has 10 developments in its portfolio Net profits of Emaar Development - the build-to-sell property development business majority-owned by Emaar Properties – rose 62 percent to AED 819 million ($23 million) in the first quarter of 2018, compared to AED 506...

Apartments were rented on a daily and weekly basis, violating UAE residency law Sharjah Municipality has seized 40 apartments as part of a campaign to eliminate illegal housing in the emirate after receiving complaints from residents. The apartments were rented on a daily and weekly...

The dramatic decline follows the implementation of excise tax in October 2018 The sale of tobacco and related products plummeted 97.2 percent in January 2018 compared to the same period last year, according to data from the Statistics Centre – Abu Dhabi (SCAD). According to SCAD, the...

Virgin Hyperloop One CTO Josh Giegel said that passenger ticket prices on a hyperloop will be comparable to existing methods of transport The use of hyperloop pods to transport cargo has the potential to revolutionise the logistics industry by shipping goods faster – and considerably...

Quiqup provides on-demand and same-day delivery to local retailers UK tech scale-up Quiqup, which offers last-mile logistics services, has launched its first international operations in Dubai. The start-up, which caters to retailers of all sizes and across all industries, offers...

Asking rents and prices were found to have dropped in the capital in Q1 2018 Residential capital values were 14.5 percent lower in Q1 2018 than they were in the same period in 2016 and 7.5 percent lower than they were in 2017, according to new data from ValuStrat. In a Q1 market review...

DP World Cargospeed will move any cargo around the world in less than 14 hours Dubai's giant port operator DP World on Sunday joined hands with Virgin Hyperloop One to create a global firm that will build high-speed cargo delivery systems. The new company, DP World Cargospeed, will...

The inflation rate in consumer prices for the first quarter of 2018 was 3.9%. ABU DHABI- The Statistics Centre - Abu Dhabi, SCAD, issued today its monthly report on the consumer price index, CPI, and the inflation rate in the Emirate of Abu Dhabi for March 2018, with 2014 fixed as the base...

Al Ahli Group CEO Mohammed Khammas says UAE has enough theme parks for time being Ambitious plans for a 20th Century Fox World theme park in Dubai are on hold due to concerns about oversupply, according to Mohammed Khammas, CEO of Al Ahli Group. Al Ahli Group signed a global licensing...