Abu Dhabi Investment Authority said to have property-related assets exceeding $62bn, making up 7.5% of total assets under management Abu Dhabi Investment Authority (ADIA) has been named the world's biggest real estate investor with assets exceeding $62 billion. The sovereign wealth fund...

Union Coop, the consumer co-operative in the emirate of Dubai, has invited tenders for the construction of two commercial centres Warqa’a Mall and Jumeirah First - Al Bada’a area and two new Union Coop branches in Nad Al Sheba and Palm Jumeirah later this year, reported state news agency Wam....

Dubai ranks first in the Arab world in terms of government budget (as percentage of GDP) while globally the emirate ranks seventh in government efficiency and third in public finance, according to the Competitiveness Report 2018 issued by the International Competitiveness Centre of the...

US Department of State has announced its intention to work with the Big Things Group as its partner for its pavilion The US Department of State has announced its intention to work with the Big Things Group as its partner for its pavilion at Expo 2020 Dubai. Current design plans, based...

Once completed in 2019, Azizi Riviera in Meydan One will have a total of 69 mid-rise buildings, comprising 16,000 units UAE-based Azizi Developments has announced details of the construction progress made on phases 1, 2 and 3 of its flagship project in Dubai's Meydan One, Azizi Riviera....

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces has approved a Dh50 billion ($13.6 billion) economic stimulus package for Abu Dhabi, aimed at accelerating the economic growth over the next three years. Sheikh Mohamed bin Zayed,...

The MAG 612 and MAG 614 towers will include a total of 367 residential units MAG Lifestyle Development, the development arm of MAG Group, has announced plans for two new projects in Jumeirah Village Circle worth AED 300 million. The projects, MAG 612 and MAG 614, mark the company’s...

Ellington, a Dubai-born design-led boutique developer with a growing portfolio of bespoke, aesthetic and quality homes, said it has begun the handover of Somerset Mews homes ahead of schedule. A prime residential project, Somerset Mews is located at the increasingly popular Jumeirah Village...

Zabeel House by Jumeirah, Al Seef will open next door to Zabeel House MINI by Jumeirah on banks of Dubai Creek The second hotel in the Zabeel House by Jumeirah collection will open this week, bringing a loft-style vibe to the south banks of Dubai Creek, next door to the Zabeel House MINI...

Emirates president rules out merger with Abu Dhabi rival airline in the short- and medium-term Emirates airline said any merger plan with Abu Dhabi’s Etihad Airways is for shareholders to decide and no such development is likely any time soon. “That is in the hands of the shareholders,”...