A rising number of Chinese players are involved in the city's property market UAE real estate, particularly that of Dubai, is steadily gaining interest among savvy Chinese investors. This extends to the brick-and-mortar assets, contracting industry as well as construction finance....

Al Ahli Holding Group, a major UAE conglomerate, has secured an Islamic club financing facility worth Dh1.25 billion ($340 million) for the expansion and general corporate purposes of Dubai Outlet Mall. Dubai Islamic Bank acted as the coordinator, mandated lead arranger, bookrunner, investment...

Azizi Developments, a leading private real estate developer in the UAE, has announced that construction of phases Three and Four of its Dh12-billion ($3.26 billion) canal development, Azizi Riviera, located in Meydan One, is scheduled to begin later this month. The project will boast 69...

Dubai telco CEO Osman Sultan says AI doesn't have to pose a threat Du CEO Osman Sultan, speaking to the World Government Summit this morning, said artificial intelligence can be a “tremendous opportunity” if the right conversations take place about its benefits and risks. The telco...

Hotel occupancy is now at 86.4 percent, according to STR The average daily hotel rate has risen 36 percent in January (AED814) from December (AED600), according to hotel data specialist STR. Demand increased more than 5 percent year on year, and outperformed slowing supply growth,...

The new record-holder is within view of its predecessor, Dubai's JW Mariott Marquis - just one metre shorter. Dubai newest hotel, which will open for guests today, is the "world's new tallest", pipping another towering landmark in the city for the title. The gleaming gold 75-storey...

Emirates, the world’s largest international airline, has signed a contract for 20 additional A380 aircraft and 16 options with the total agreement valued at $16 billion, firming up the memorandum of understanding (MoU) announced in January. Deliveries are to start as early as 2020. In the...

Total of 10 million square metres of land for construction projects was approved Dubai Municipality last year approved 10 million square metres of land for construction projects across a range of categories including residential, offices, tourist and open areas – a 71 percent increase on...

Lingerie tycoon Michelle Mone announces all 50 luxury apartments Fifty luxury apartments in Dubai with a price tag in Bitcoin have now been sold, according to the UK-based development team behind them. Of the 1,300 apartments under development in Dubai's Science Park by Michelle Mone,...

Previously, regulators in the UAE had expressed scepticism about cryptocurrencies DUBAI: The regulator of Abu Dhabi's international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the United Arab Emirates may allow trade...