September 2018 — Topical news of the United Arab Emirates

September 30, 2018 no comments 85
Dubai low cost carrier will offer additional features for customers such as door to door, or airport to airport transportation Flydubai’s cargo division will start to offer live animal transportation across its network, the carrier announced today. In addition to providing return...

September 30, 2018 no comments 97
The most significant rent declines were recorded in Deira and International City, according to new data from Bayut.com Real estate purchase and rental prices have fallen modesty in the third quarter of 2018, according to a new report from Bayut.com. According to Bayut data, prices...

September 30, 2018 no comments 84
The federal budget accounts for only a small fraction of consolidated state spending in the UAE; individual emirates such as Abu Dhabi and Dubai also have their own budgets. DUBAI: The United Arab Emirates cabinet on Sunday approved a big increase in the federal budget for next year,...

September 30, 2018 no comments 91
Samuel Sidiqi says recurring revenues allow it to build a 'strong basis' for further growth At first glance, Samuel Sidiqi's move in May this year from one Gulf property developer, Kuwait's National Real Estate Company (NREC), to another, Ras Al Khaimah Properties, might not have...

September 30, 2018 no comments 85
Is it the best time to buy luxury properties as prices hit bottom? The luxury property market in Dubai is close to bottoming out. However, there are certain sub-markets where there is more room for prices to fall further. "In certain markets, this is certainly close to the bottom,...

September 29, 2018 no comments 128
Dragon Towers sales to launch on Sunday, just days after Nakheel awarded the construction contract for the Dubai project Master developer Nakheel has announced will begin selling apartments at Dragon Towers – its new, twin tower residential complex at Dubai’s Dragon City – on Sunday,...

September 29, 2018 no comments 125
As part of the 26-month contract, Condor Building Contracting has already begun construction work DUBAI - Dubai's Deyaar Development said on Saturday it had appointed Condor Building Contracting as the main contractor for its Bella Rose development. "As part of the 26-month...

September 29, 2018 no comments 133
ValuStrat says citywide capital values are now more than 22% lower than the peak of mid-2014 Average property prices in Dubai fell by nearly 3 percent in the third quarter of 2018 compared to the previous quarter, according to a new report from consulting firm ValuStrat. The...

September 29, 2018 no comments 138
HSBC has announced the opening of its new headquarters in Downtown Dubai as it looks to grow its market share in the region Global banking giant HSBC has announced the opening of its new headquarters in Downtown Dubai as it looks to grow its market share in the region. The...

September 29, 2018 no comments 116
Emaar Hospitality Group has secured TripAdvisor's top rankings among Dubai hotels across all three categories Emaar Hospitality Group has secured TripAdvisor’s top rankings among Dubai hotels across all three categories – five-star, four-star and three-star. Address Dubai Marina,...