July 2019 — Topical news of the United Arab Emirates

July 20, 2019 no comments 661
Attractive terms, sustainability among key factors luring more investors in emirate UAE - The value of real estate transactions in Sharjah in the first half of 2019 was recorded at Dh14.7 billion, driven by GCC nationals and their interest in residential properties. According to...

July 19, 2019 no comments 580
Co-working space in Dubai is expected to grow, driven by demand from entrepreneurs and SMEs Office space tenants can increasingly expect landlords to offer appealing terms from landlords in Dubai as sentiment in the office real estate sector improve, according to real estate...

July 19, 2019 no comments 598
STR's preliminary June data for the UAE capital indicates high performance due to double-digit demand growth Hotels in Abu Dhabi are set to post the highest absolute occupancy level for June for five years. STR’s preliminary June data for the UAE capital indicates high performance...

July 19, 2019 no comments 586
Floor of hotel rooms dedicated to female guests is available at the newly opened Citymax Hotel Al Barsha Citymax Hotels, the mid-market hotel brand, has announced the opening of a ladies-only floor, at one of its Dubai properties. The operator said it is a first for Citymax Hotels...

July 19, 2019 no comments 601
Technology and tourism jobs in Saudi Arabia saw strong growth in the second quarter of 2019, according to new report Technology and tourism jobs in Saudi Arabia saw strong growth in the second quarter of 2019, according to the latest Monster Employment Index (MEI). Overall, Saudi...

July 19, 2019 no comments 622
Loans also witnessed growth ABU DHABI- Total assets of the UAE’s six national banks totalled AED1.68 trillion in the first half of 2019, an increase of AED170 billion, or 11.2 percent, compared to AED1.51 trillion in the same period of 2018. The sector’s activity is highlighted by...

July 19, 2019 no comments 394
The model will serve as a reference point for investors to further understand the value addition technology brings to the realty sector A new 3D printed home is coming soon, right in your neighborhood in Dubai. Dubai-based real estate developer Emaar is planning to build a 3D...

July 18, 2019 no comments 467
New memo reportedly states that the calorie declaration will now be voluntary for the next two years before a further decision is made Dubai Municipality has reportedly delayed the introduction of compulsory calorie publishing on restaurant menus in the emirate. In May,...

July 18, 2019 no comments 436
Vision Investment Company, the investment firm of Hussein Sajwani, has reportedly emerged as the highest bidder to acquire Italian fashion house Vision Investment Company, the investment company of Damac Properties chairman Hussein Sajwani, has signed a binding agreement to acquire...

July 18, 2019 no comments 483
UAE allocated USD 2.8 billion to education in 2018, representing 20 percent of the federal budget The UAE registered an impressive 18 percent growth in online job postings compared to the same period last year, representing the highest growth in the region, according to the latest...

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