Cosmetics was the highest selling category, followed by watches and perfumes, says airport retailer Dubai Duty Free's annual 72-hour sale, which this year marked its 35th anniversary, raised AED191 million ($52.33million). The anniversary discount from December 18-20 offered...

Emaar will use the proceeds of the sales to finance commercial properties which generate a higher return on investment Dubai – Emaar Properties on Thursday announced it has sold some of its hospitality assets at a total value of AED 2.19 billion. “There is no separate value for...

Abu Dhabi’s renewable energy company Masdar has signed a hybrid refinancing agreement along with Equinor and China Resources Group Abu Dhabi’s renewable energy company Masdar has signed a hybrid refinancing agreement worth £1.27 billion ($1.6 billion) along with Equinor and China...

Emaar Properties says deal to sell hotels to Abu Dhabi National Hotels will be worth $600m Emaar Properties said on Thursday that a deal to sell hotels to Abu Dhabi National Hotels (ADNH) will be worth nearly AED2.2 billion ($600 million). The company said in a filing to Dubai...

L-I-V Real Estate Development says sales of LIV Residence Dubai Marina exceed $81m so far L-I-V Real Estate Development has announced the launch of the third and final phase of LIV Residence Dubai Marina, a waterfront residential tower located on one of the last prime plots of popular...

Knight Frank Global Waterfront Report says waterfront properties in Dubai carry the highest premium in the world outside Australia Prices for prime waterfront properties in Dubai are on average more than 50 percent higher than comparable homes inland, according to new research....

New lounge offers more convenient location and enhanced levels of comfort Emirates’ premium and loyal customers travelling from Rome’s Leonardo da Vinci-Fiumicino Airport can now look forward to greater levels of comfort and convenience, with the opening of the airline’s new lounge....

Deputy CEO John Carey says safety remains top priority ADNOC Distribution, the fuel distribution arm of Abu Dhabi’s National Oil Company, is ready to roll out a new fuel home delivery service, but will only do so once all safety concerns have been addressed, its deputy CEO has told...

The annual house price growth in Dubai softened 6.8 per cent in November, with prices declining 1.4 per cent month-on-month – a fall of 1.3 per cent compared to the same period last year, according to Cavendish Maxwell, one of UAE's leading property consultancies. The annual decline in...

Abu Dhabi Department of Economic Development (Added) has signed a service level agreement (SLA) with Federal Transport Authority – Land & Maritime to facilitate and simplify procedures of issuing final approval for economic licenses. The SLA was signed at the headquarters of ADDED by...