Asteco report says rental and sales prices will continue their downward trend in the UAE capital in 2019 Increased market supply and bearish market conditions led rental and sales prices to continue a downward trend in Abu Dhabi, according to a new a Q4 market report from property...

New real estate entity will operate across seven offices in the UAE, Saudi Arabia, Bahrain, Oman and Egypt International real estate advisor Savills has announced the rebrand of its Middle East business following the acquisition of Cluttons Middle East. The firm, which was...

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...