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Nakheel reports 2016 nine month net profit

Nakheel today announced a net profit of Dh3.91 billion for the first nine months of 2016, an increase of 8.3 percent on the profit of Dh3.61 billion in the same period last year. The company...

Dubai 2017 budget focuses on Strategic Plan 2021 targets

Dubai’s Dh47.3 billion budget for 2017, approved by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, targets boosting infrastructure spending in line with...

Dubai’s property market is in for another tough year

The UAE’s real estate sector is in for another difficult year according to the credit rating agency S&P, a sentiment which goes counter to the majority view among real estate consultancies that market sentiments...

Emaar awards Dh1bn contract for Phase 2 of Mira townhouses in...

Dubai-based master developer Emaar Properties has awarded a Dh1 billion contract for building almost 1,400 townhouses to the Abu Dhabi-based Trojan General Contracting (TGC), the latter said in a media statement today. The contract covers...

How we could use Dubai as a blueprint for Brooklyn

Join some of Brooklyn tech’s heavy hitters Tuesday in the Navy Yard for a discussion about how Dubai could work as a blueprint for Brooklyn’s innovation economy. The talk is called the Future Forum, and...

Off-plan demand keeps Dubai property market ticking in 2016

A surge in off-plan sales in the second half of the year made sure Dubai’s property market did not see a steep decline in transaction volumes in 2016 compared with the 2015 tally. Based...

Dubai Financial Market launches platform to trade ETFs

Dubai Financial Market ( DFM ), the emirate's main stock exchange, launched a trading platform for exchange-traded funds (ETFs) on Sunday in an effort to encourage the listing of more such funds by improving...

Dubai Expo 2020 driving growth in UAE construction sector

The preparations for Expo 2020 are acting as a catalyst for growth in the construction sector in Dubai, according to the Coface economic report. “Despite lower energy prices, Abu Dhabi and Dubai will continue to...

These new Dubai districts offer the world’s best rental returns

Emirate's emerging communities including Sports City, Silicon Oasis, and Discovery Gardens provide yields of over nine per cent Some of Dubai's newer freehold districts offer property investors among the highest yields globally, despite a difficult...

Dubai mortgage market doubles in size over seven-year period

The number of homes changing hands in Dubai may be slipping, but the mortgage market is in rude health, having doubled in size over the past seven years, according to a report released yesterday. The...
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