June 2019 — Topical news of the United Arab Emirates

June 14, 2019 no comments 506
Nation among world's top 20 largest foreign investors, pouring in $15bln in 2018 The UAE is increasingly emerging as a bigger foreign investor and has been ranked among the world's top 20 nations in terms of foreign direct investment (FDI) outflows, according to a new global report....

June 14, 2019 no comments 468
Real estate data platform Property Monitor says average house price in Dubai is now AED2.5m Average property prices in Dubai have declined by 14.5 percent in the past year to May, according to new research. Real estate data platform Property Monitor released its Dubai House Price...

June 14, 2019 no comments 496
Residents impacted after a dispute between Union Properties, district cooling service provider Emicool and the owners' association Union Properties announced on Thursday that cooling services have been restored across its Motor City development. Residents were left in a sweat...

June 14, 2019 no comments 476
Cityscape Global announces plan to hold invitation-only day on September 25 at Dubai World Trade Centre Cityscape Global, the region’s largest real estate event, will mark its 19th edition by launching an invitation-only day on September 25 at Dubai World Trade Centre (DWTC)....

June 14, 2019 no comments 419
Launch of Alreeman II follows success of phase 1 which generated AED1.6bn in home sales Aldar Properties on Wednesday launched Alreeman II, a AED1.7 billion ($460 million) master-planned residential community in the Alshamkha area of Abu Dhabi, available exclusively for purchase by UAE...

June 14, 2019 no comments 467
Off-plan deals in Dubai increased by 51% compared to same period last year Property deals worth AED5.6 million ($1.5bn) were completed in Dubai during Ramadan this year. Research from Property Finder revealed there were off-plan deals worth AED2.63 billion in the emirate over the...

June 14, 2019 no comments 387
Nearly 44% of total higher education students in Dubai chose Business Administration as their major, according to new report Business Administration is the most attractive major for both male and female students at Dubai universities and colleges, it has been revealed. Nearly 44...

June 12, 2019 no comments 493
Bloomberg Intelligence report say banks in the UAE are seeking to improve profitability and tackle inefficiencies Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability and tackle inefficiencies, according to Bloomberg...

June 12, 2019 no comments 448
New law covering companies in Dubai International Financial Centre tackles issues such as paternity leave, sick pay and end-of-service settlements Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has enacted a new DIFC Employment Law to address key issues such as paternity leave, sick...

June 12, 2019 no comments 470
Prince Hamdan says emirate 'on the right path of revenue diversification' Dubai recorded a non-oil foreign trade of 339 billion ($92.3 billion) in the first quarter of 2019, an increase of 7 per cent compared to 2018 figures. According to Emirates NBD research, it is the strongest...

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