October 2017 — Topical news of the United Arab Emirates

October 12, 2017 no comments 1252
Consultants say volatile global markets and geopolitical conditions may put gorwth plans at risk Some commercial property project planned for Dubai may be delayed or scaled back owing to volatile global markets and geopolitical conditions, according to a new report. JLL’s Q3 2017...

October 12, 2017 no comments 1532
Developer Arada says to launch 84 homes in Anber community of Aljada project Arada, the developer behind Sharjah’s largest mixed-use mega project Aljada, is launching the Anber Community, a collection of villas and townhouses following "unprecedented sales". In total, 84 homes are...

October 12, 2017 no comments 1426
Transport authority says trials are set to begin by the end of October Dubai's transport authority is set to launch trials of a new bus on-demand service which will operate via a smart app. The Roads and Transport Authority (RTA) has unveiled the MVMANT app which enables customers to...

October 12, 2017 no comments 1481
CEO says institute will initially offer up to 30 courses, targeting professionals and students Dubai-based Immensa Technology Labs will soon launch the region’s first unaffiliated 3D printing “institute”, Immensa CEO Fahmi Al Shawwa said on Thursday. Speaking to Arabian Business, Al...

October 12, 2017 no comments 1507
Dubai: Gold prices in Dubai surged to their highest level in nearly two weeks on early trading Thursday. The bullion posted positive gains after the US dollar hit a snag, as late Wednesday’s release of the US Federal Reserve’s minutes triggered an increase in appetite for safe-haven assets. As...

October 12, 2017 no comments 1255
When Abhishek Sharma, the chief executive of Foundation Holdings, returned to Dubai in 2008 to take up a role at Ithmaar Capital, the city was in its ‘glory days’, he said, with oil priced at $130 per barrel and brokers growing rich off a real estate boom. However, this all changed once the...

October 12, 2017 no comments 1682
The Dubai Land Department has reported that sales of off-plan properties at this year’s Cityscape Global surged to more than Dh870 million ($237 million), with a steady stream of sales expected in the coming month on the back of the event’s success The region’s largest real estate and...

October 12, 2017 no comments 1611
Reign Holdings, a Dubai-based global business conglomerate, has announced plans to invest up to $1 billion in the region’s real estate sector through its development arm Arthur & Hardman. It will focus on developing fully integrated world-class lifestyle communities that meet the gamut of...

October 12, 2017 no comments 1494
Dubai Ranks Among World's Most Attractive Cities in GPCI Report Dubai has secured 23rd place among 44 global cities in the Global Power City Index (GPCI) 2017 , making its debut in the prestigious ranking published by The Mori Memorial Foundation’s Institute for Urban Strategies ....

October 12, 2017 no comments 1801
Master developer Nakheel has awarded a Dh165 million ($44 million) contract to UAE-based APCC Piling and Contracting for construction of six marinas in Deira Islands that can accommodate 614 boats and 60-m-long yachts. The construction will begin in the fourth quarter of 2017, with phased...

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