Ritesh Agarwal, 25, has built a hospitality brand that manages 1,300 rooms in Dubai, Sharjah, Ras Al Khaimah and Fujairah. Image Credit: Supplied The growing number of units in the city has made the “price of certainty” more valuable than that of leasing, says Ritesh Agarwal, founder and CEO of OYO Hotels and Homes, which[…]

Hyatt Hotels has announced today that an affiliate has entered into a management agreement with wasl Asset Management Group for the development of an Andaz branded hotel on the Palm Jumeirah. Occupying prime real estate on the world-famous man-made island, Andaz Dubai the Palm is slated to open in the last quarter of the year.[…]

Dubai skyline is seen from the Victory Bridge at Dubai Water Canal. Image Credit: Pankaj Sharma/Gulf News Archives Warren Buffett is not the first name that comes to mind when we talk of investment gurus who have made a fortune by taking outsize risks. Instead, Buffett and the empire he built through his holding company,[…]

The stock market got off to a good start on Monday morning, continuing its upward momentum from the previous week and seeing several major benchmarks push further into record territory. As of 11:45 a.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was up 4 points to 26,548. The S&P 500 (SNPINDEX:^GSPC) added 3 points to[…]

A real estate project being planned in Dubai is facing difficulties, as reported by CoinTelegraph. Construction has been put on hold for the Aston Plaza, which is intended to be one of the first major luxury housing developments to be sold for crypto. The Aston Plaza is a $325 million project being developed by British[…]

The Aston Plaza in Dubai, a major bitcoin (BTC) real estate project, is reportedly pausing its operations, British daily news agency The Times reports on April 28. The $325 million project — developed by founder of the Ultimo lingerie brand Michelle Mone and her billionaire partner Douglas Barrowman back in 2017 —  includes 1,300 luxury[…]

Sofitel the Palm Dubai has been recognised with the title of Hotel Team Of The Year at the Leaders In Hospitality Awards, beating stiff competition from across the region. The event was hosted earlier by Hotel & Catering News Middle East. A panel of five judges with extensive knowledge of the key trends, opportunities and[…]

Buffett is expanding in Dubai as the emirate’s property market defies all predictions of a rebound and extends a slump since a peak in October 2014. S&P Global Ratings said last month it expects prices to fall as much as 10 per cent this year. “Dubai has been a top priority for our network’s global[…]

Drake & Scull construction company buses for labourers in Al Quoz. Image Credit: Virendra Saklani/Gulf News Dubai: Drake and Scull’s (DSI) status as a ‘going concern’ is being questioned by auditors and analysts alike, and new capital seem to be distant. The annual report, that was published on Thursday, showed that net losses jumped 4-fold[…]