Price fall likely to beat the bottom of the previous slump in 2010-2011 - S&P With a massive guaranteed oversupply of properties and top developers taking losses in 2019, real estate prices this year could fall another 5 to 10 percent. S&P Global ratings said for 2020, it...

DSC Chairman thanks HH Sheikh Mohammed Bin Rashid for entrusting him with the responsibility of overseeing Dubai’s sports sector DUBAI -- His Highness Sheikh Mansour Bin Mohammed Bin Rashid Al Maktoum, Chairman of Dubai Sports Council, has thanked His Highness Sheikh Mohammed Bin...

Seven Tides says it has recorded a 70% jump in sales over the past two months for its developments in Dubai UAE-based upscale developer Seven Tides said on Tuesday it has recorded a 70 percent spike in sales over the past two months for its developments in Dubai. Residential and...

In September 2017, the UAE Government launched the UAE Strategy for the Fourth Industrial Revolution Experts from around the world discussed how to make governments more agile as the UAE prepares for changes being brought by the fourth industrial revolution (4IR). “Agility’...

The Hope Probe mission, also called the Emirates Mars Mission, is the first mission by any Arab or Muslim-majority country to the red planet Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has witnessed the installation of the final piece of...

Clash over exclusive Middle East distribution rights of popular fat reducing technology CoolSculpting has allegedly cost Dubai-based Dansys millions of dollars Dubai-based medical equipment distributor Dansys Group has filed a $52 million law suit against US pharmaceutical giant...

The industry executives said it will help the sector to quickly absorb the oversupply in the market UAE - Property developers in the UAE have urged the government to reduce the price tag for 10-year residence visas to make the economy more competitive and attract global talent and...

The quarterly survey of Dubai Economy showed that the proportion of firms anticipating improvement in business situation in the first quarter of 2020 has increased to 60% UAE - With the Expo 2020 and a big surge in the inflow of tourists expected to revitalise commercial activity,...

A total of 18 out of 19 national banks and financial companies in the UAE have announced an increase in their total net profits to Dh46.47 billion ($12.65 billion) an increase of 11.6 percent compared to Dh41.63 billion in 2018. The figures showed that the banking sector accounted for some...

Eagle Hills Sharjah, a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, has kicked off the second phase of Maryam Island masterplan with the launch of Maryam Gate Residences in downtown Sharjah. Located next to Maryam Beach Residences, it...