April 1, 2016 no comments 92
Dubai: Build a residential high-rise, lease out the units and then sell the property. Sharjah’s developers are finding there is a lot of investor interest for such deals and a profitable exit for them. “The deals could range anywhere between Dh30 million to Dh120 million, and if the units...

April 1, 2016 no comments 106
Dubai Islamic Bank (DIB) has announced that it has awarded a AED687 million ($187 million) contract to Engineering Contracting Company to build a new residential community in the emirate. The Badr Project phase 1 is part of a self-contained residential community that will feature five...

April 1, 2016 no comments 132
Ras Al Khaimah’s Jabal Jais mountain is about to be home to the first five-star camp in the region. Ras Al Khaimah Tourism Development Authority’s (RAK TDA) CEO Haitham Mattar told Hotelier Middle East on the side-lines of the launch of their new brand identity. “We have done a...

March 31, 2016 no comments 154
Dubai: Union Properties, which has been hit by declining profits, has got a welcome infusion of cash - amounting to Dh98 million - with Dubai Investments picking up another 20 per cent in a joint venture. This will see the latter hold 70 per cent in Property Investments (PI),...

March 31, 2016 no comments 163
Sales of the Dania District will open at the beginning of April Dubai real estate developer Deyaar will launch the second phase of its Midtown project near International Media Production zone on April 2. The Dania District, comprises six residential buildings and a...

March 31, 2016 no comments 127
Shareholders to debate on proposed capital increase of Dh1.68b Dubai Parks and Resorts is planning to include an addition to its signature entertainment destination that will house a Six Flags theme park, bringing the total cost of the entire project to over $3 billion. Dubai Parks and...

March 31, 2016 no comments 136
DUBAI // Airline passengers flying from Dubai are paying a Dh35 departure tax for all flights taking off after June 30. Airlines began charging the exit fee on March 1, Dubai Media Office said on Wednesday, adding that it would help to fund Dubai airports’ infrastructure and support...

March 30, 2016 no comments 172
Since April 1 the payment for roaming in Gulf States will be reduced by 40%. On March 24 it became known that since April 1, 2016 Council for cooperation of Gulf States will reduce the volume of charges for services of roaming in the block from six countries: Bahrain, Kuwait, Qatar,...

March 29, 2016 no comments 161
Abu Dhabi General Services Company (Musanada) said over 80 per cent of the construction work at the Sheikh Shakhbout Medical City has been completed and is due for handover this year, said a report. The Dh4-billion ($1.08 billion) medical city is coming up in the Al Mafraq area of the UAE...

March 29, 2016 no comments 144
In the emirate Adzhman, the smallest of seven emirates of the United Arab Emirates, has lit up an inhabited high-rise building. In the emirate Adzhman (United Arab Emirates) burns the multi-storey building. Fire was thrown also on the neighboring building. For a moment, when news was...