Final cost of extension is in excess of $1 billion, Kevin Ryan, the chief operating officer of Gulf Related The extension to ‘The Galleria’ in Abu Dhabi’s designated financial zone officially opened on Wednesday, with the target of capturing a new market share in the capital’s retail...

Ease by Emaar kicks off with listing of South Beach residential development located in Emaar Beachfront Dubai-based global property developer Emaar announced on Wednesday that it has launched a new business - Ease by Emaar - that provides global travellers stays in homes handpicked by...

JLL chief says new plan to address balance between supply and demand is 'welcome news' to Dubai property market Plans to form a higher committee for Dubai’s real estate planning to enable a healthier balance between supply and demand have been hailed as a "positive step". Thierry...

Belgrade Waterfront, a development by UAE-based Eagle Hills, has announced the launch of a new selection of 32 luxury homes Belgrade Waterfront, a development by UAE-based Eagle Hills, has announced the sales launch of a new selection of 32 homes in the The Residences at The St Regis...

Dubai has retained its position as the fourth most visited city in the world Dubai has retained its position as the fourth most visited city in the world for the fifth year in a row, according to Mastercard’s Global Destination Cities Index (GDCI) 2019. The city welcomed 15.93...

The savings accounts for 11.4% of the total deposits held by the UAE banks ABU DHABI- UAE banks' saving account balances hit a record of circa AED165.8 bn during the first seven months of the year, a 9 pc growth of AED13.8 bn against AED152 bn by the end of 2018, according to...

PMI figures showed an easing from recent growth in activity As activity and demand growth softened for the third month in a row in August, business conditions in the UAE non-oil private sector improved at a modest pace, a survey has revealed. However, the level of optimism...

Central Bank of the UAE report says national banks accounted for more than 82% of total commission income last year UAE-based banks received AED21 billion ($5.78 billion) in commission income in 2018, according to statistics revealed by the Central Bank of the UAE. National banks...

Emaar Properties said to plan to issue 10-year sukuk after meeting investors in Asia and London Emaar Properties said on Tuesday it has hired banks to arrange the potential issuance of dollar Islamic bonds. Emaar said in a statement on Dubai Financial Market that the planned...

Emirates Flight Catering and US-based Cuisine Solutions to co-invest in world's largest halal sous vide manufacturing facility in Dubai Emirates Flight Catering and Washington DC-based Cuisine Solutions (CSI) will co-invest in a joint venture to become the UAE’s sole distributor of...