August 2020 — Topical news of the United Arab Emirates

August 13, 2020 no comments 205
Leading Dubai developer Emaar Properties has registered a net profit of AED2.007 billion ($546 million) for the first six months of the year, down 35 per cent compared to AED3.1 billion ($843 million) for the same period in 2019.  Announcing the financial results for the period till...

August 13, 2020 no comments 156
Based in Abu Dhabi, the newly-launched carrier will meet the demand for low-cost travel in the UAE UAE - Sharjah-based Air Arabia controls a 49 per cent stake in the recently-launched Air Arabia Abu Dhabi, the company's second-quarter financial results showed. A joint venture with...

August 13, 2020 no comments 172
The UAE's e-commerce has been growing exponentially over the last few years UAE - The UAE's Federal Tax Authority (FTA) on Wednesday further clarified that though five per cent value-added tax (VAT) will be applicable to general e-commerce purchases however there are a number of...

August 12, 2020 no comments 228
Expat residents must provide a negative PCR Covid-19 test before they fly Expatriate residents who are stranded abroad but who want to return to the UAE will no longer need to apply for a resident entry permit from Wednesday, it has been announced. The National Emergency and...

August 12, 2020 no comments 141
The developer of several malls, including the iconic Dubai Mall, said that occupancy levels across its assets remained stable on 2019 levels Emaar Malls, the Dubai-based developer of shopping malls and retail assets, announced on Tuesday a first-half net profit of Dh345 million, down...

August 12, 2020 no comments 159
Dubai saw 5,605 sales transactions in Q2 2020 Property transaction levels in Dubai in June hit what was previously recorded in February, setting a foundation for recovery of the local property sector for the second-half of 2020. The second-quarter Mo'asher report released by the...

August 11, 2020 no comments 195
The UAE Federal Authority for Identity and Citizenship (ICA), issued a decision to extend the deadline for holders of expired entry permits and visas from Aug.11, 2020, for one month, to enable them to leave the country and exempt them from all resulting fines. The authority’s decision is...

August 11, 2020 no comments 158
But overall market remains down, with total property transaction falling 50% Sales of completed residential units in Dubai continued to show signs of picking up in July as more buyers came into the market following the easing of coronavirus restrictions. The volume of ready home...

August 11, 2020 no comments 195
Dubai's overriding appeal as a prime global residential destination has been enduring for the past several years Dubai retains its allure as one of the world's most preferred prime residential destinations for investors due to its affordability and relatively high yields compared to...

August 10, 2020 no comments 237
Dubai Design District, d3, today launched the inaugural d3 Architecture Festival in partnership with the Royal Institute of British Architects Gulf Chapter, RIBA Gulf Chapter, establishing the emirate’s first platform to showcase regional architecture, urbanism and sustainable development....

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