Construction of Alreeman is expected to start this year with infrastructure enabled land targeted for handover to customers in 2021 Aldar Properties on Monday announced the launch of its newest AED2 billion ($544 million) development, Alreeman, in Alshamkha. The mid-market,...

First Abu Dhabi Bank admits to 'system issue' where a debit interest amount of AED175 is deducted from accounts First Abu Dhabi Bank (FAB), the UAE's largest bank, has said it is working to repay customers wrongly charged AED175 ($47.70) on their accounts. According to Reuters,...

Yitu Technology, Com IoT Technologies, 300cubits and Tradefin are selected to work on technology led projects Future Now, the innovation programme of UAE-based telco Etisalat, has signed agreements with four companies to develop artificial intelligence (AI) and Blockchain solutions....

Sheikh Mohammed backs new expansion plan which will see Dubai International Financial Centre adding 13 million sq ft of space Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Monday approved a new chapter in the development of the Dubai...

March of e-commerce may impact on retail space, but demand for warehouse and logistics space is heightening The real estate industry has continued to evolve throughout 2018; and 2019 will indeed raise similar challenges. There are, however, ample opportunities for growth as we enter...

The state-owned free zone is the major finance centre in the Middle East Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum on Monday approved a plan to increase the area of the Dubai International Financial Centre (DIFC), the Dubai government media office said in an emailed...

Engel & Völkers, the region’s high-end real estate brokerage, has announced the official launch of the final phase of the $205-million Sparkle Towers, a twin-tower development featuring 373 luxury apartments and penthouses in Dubai, UAE. An iconic building, Sparkle Towers is owned by...

Dubai Electricity and Water Authority (Dewa) has created a new record by cutting the losses in its water networks to 6.6 per cent, compared to 15 per cent in North America, thus making it one of the lowest in the world. The new achievement shows how Dubai Government organisations are...

The Commercial Compliance and Consumer Protection (CCCP) sector in the Department of Economic Development (DED) in Dubai has announced an automatic settlement facility for traders eligible for 50 per cent reduction on commercial fines. The announcement is in line with the declaration of...

Dubai's Torch Tower experiences third fire in as many years A minor fire at Dubai’s Torch Tower forced all occupants of the building to evacuate on Saturday evening. The fire broke out on the fifth floor gym, in the sauna area, leading to residents to be cleared from the building,...