July 2019 — Topical news of the United Arab Emirates

July 7, 2019 no comments 454
Developer says One Park Avenue seeks to 'reimagine new-age living through a sustainable lens', will include 403 homes Developer Sobha Realty has announced the launch of One Park Avenue, its latest residential tower at the eight million square-foot Sobha Hartland development in Mohammed...

July 7, 2019 no comments 481
There are now three Waldorf Astoria properties in the UAE Waldorf Astoria has opened a new hotel in Dubai International Financial Centre (DIFC), its third property in the UAE, Hilton has announced. The 275-key hotel occupies the 18th to 55th floors of the Burj Daman complex. Of...

July 7, 2019 no comments 427
Ambassador International Academy says fees will be at least AED22,400 lower than average school offering International Baccalaureate Ambassador International Academy, the Dubai-based schools operator, has announced plans to launch the emirate’s first affordable International...

July 7, 2019 no comments 514
Retail business raised 500 million dirhams from investors, but spent heavily to buy assets as the market turned The flotation of retail group Marka on the Dubai Financial Market (DFM) five years ago generated a real buzz among capital markets participants in the United Arab Emirates,...

July 7, 2019 no comments 367
Roads and Transport Authority has endorsed a three-phase 10-year plan to improve marine transport services on Dubai Water Canal Dubai’s Roads and Transport Authority (RTA) has endorsed a three-phase 10-year plan to improve marine transport services on Dubai Water Canal. The...

July 6, 2019 no comments 433
Bilateral trade between the UAE and India had grown from $52bln in 2017 to $57bln in late 2018 The UAE has become India's third largest trading partner after the US and China as bilateral trade hit $60 billion during financial year 2018-19, said Navdeep Singh Suri, Ambassador of India...

July 5, 2019 no comments 429
Union Properties has announced the expansion of Dubai Autodrome Business Park project in Dubai MotorCity Union Properties has announced the expansion of Dubai Autodrome Business Park project in Dubai MotorCity, with a total investment of AED25.5 million. Work has commenced on the...

July 5, 2019 no comments 504
More than four fifths of UAE companies expect to grow over the next two years, according to HSBC survey More than four fifths (82 percent) of UAE companies expect to grow over the next two years, as the twin engines of Expo 2020 Dubai and their own aggressive investment plans drive new...

July 5, 2019 no comments 414
There has been a steady increase in mortgage transactions across the UAE, in line with the current market trend which has shown a downward shift in property prices over the past few years in the emirates, said a report. The average size of a home loan taken out in the UAE in May was Dh1.31...

July 5, 2019 no comments 383
Expatriates cite career progression as a key reason for relocating to the UAE Career prospects, financial security and top living standards are the key factors that helped the UAE to be ranked among the top 10 places to live and work in the world, a new expat survey has revealed....

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