Off-plan segment now dominates property market Dubai’s secondary property market is showing signs of slowing down after experiencing explosive growth on the back of high investor demand. Secondary market sales in Dubai dropped by 10.2% in August 2023 compared to the previous year,...

The 9.4 million sq.ft. project will feature 7,000 homes, a retail area, canals, lakes and jogging tracks, the Dubai-listed developer said Dubai-listed Emaar Properties has announced a $20 billion development including 7,000 villas, luxury mansions. The precise location of The...

His Highness commended the Ministry of Finance’s team efforts in supporting the UAE’s fiscal excellence and sustainable development DUBAI: H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said that the UAE's...

State expenditures rose moderately in 2022, with an increase of Dhs24.7bn compared to a year earlier The UAE posted a budget surplus in 2022 as revenues grew by a record 31.8 per cent and expenditures jumped by 6.1 per cent, amounting to a projected Dhs427.1bn, according to the...

The event convened business leaders, trade promotion agencies, and business associations from both the UAE and Hainan Province The UAE and China’s Hainan Province have expanded bilateral trade and investment ties through the signing of four significant private-sector agreements, as per...

The creation of Lunate follows a multi-party effort to establish an independent investment manager of scale and breadth, headquartered in Abu Dhabi and serving global markets ABU DHABI - Lunate, a new Partner-led and independent global alternative investment manager, today announced it...

The financial hub said a total of 102 asset managers, comprising investment firms and hedge funds, have set up shop in the city The Abu Dhabi Global Market (ADGM) said its assets under management (AuM) surged by a record 35 per cent in the first half of the year, as the city’s main...

It has been structured to provide comprehensive multi-asset class investment solutions for a diverse clientele Chimera Investment has launched Lunate, a newly established global alternative investment manager, with a portfolio boasting more than $50bn in Assets under Management (AuM),...

The bridge extends 1.4 kilometres and comprises four lanes in each direction Dubai’s Road and Transport Authority (RTA) has announced the completion plan for the Al Shindagha Corridor Improvement Project which will connect the upcoming Dubai Islands area to Bur Dubai. The project meant...

The property’s design and architecture incorporate elements that promote overall well-being, and health-focused amenities Dubai-based real estate developer DAMAC Properties has unveiled VOLTA, its upcoming new fitness-inspired luxury residential development on Sheikh Zayed Road in...