Archive for August, 2019

Brakes Applied On the Construction Of Dubai World Central Airport –

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Work on Dubai’s mega-airport Dubai World Central has been halted due to a sharp roll back of the UAE’s economy. Overall deceleration of economy urges freezing of DWC construction. Photo: Emirates Reports Bloomberg, construction work has temporarily ceased at Al Maktoum International Airport (DWC). The decision to halt construction was forced on Dubai Airports by[…]

Mansion Global Daily: Deals on Dubai Villas, Coconut Grove, Miami for a Small-Town Feel With Big-City Amenities and More

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Mansion Global Daily will not be distributed on Monday, Sept. 2, for the Labor Day holiday. It will return on Tuesday. Discounted Villa Enclaves Offer Smart Property Investment in Dubai Home prices are lower than five years ago, but hope remains that the capital growth will return in the long term. Read More BY THE[…]

Dubai-based Indian businessman goes missing in Yemen

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Suresh Kumar Krishna Pillai Image Credit: Supplied Dubai: A Dubai-based Indian businessman has gone missing in Yemen, sparking concern among his family and friends. Suresh Kumar Krishna Pillai, 59, originally from Kerala, was on a business trip to the war-torn country, but disappeared within days of landing in Aden on July 2. He was last[…]

No deal Brexit: 4 ways it will affect UAE residents

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Brexit Image Credit: ©Gulf News Dubai: British Prime Minister Boris Johnson’s decision to extend the annual suspension of parliament until two weeks before a Brexit deadline has increased fears of a chaotic and potentially damaging exit for the UK from the EU, due on October 31. What does the prospect of a no-deal Brexit mean[…]

 Sobha Realty Announces Impressive Sales Value of AED1 Billion | Business & Finance

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DUBAI, United Arab Emirates–(BUSINESS WIRE)–Aug 29, 2019– Sobha Realty, the leading premium Dubai-based real estate developer, announced a robust annual financial performance, notching up a whopping AED1 billion in sales in 2019, covering half of its projected target of AED2 billion, owing to a strong investor uptake for its flagship project Sobha Hartland. Mr. PNC[…]

Prices get realistic in Dubai real estate

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A project at International City by Sun & Sand Developers. The ground plus six storey apartment building is to be ready next year. Image Credit: Supplied Dubai: Dubai’s property market is throwing up all sorts of numbers and trends, even some that are seemingly at odds with one another. Aditi Hariharan, Senior Consultant at the[…]

Oyo Rooms and Gallery Suites join forces in Dh18b Dubai holiday home deal

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Two leading players in Dubai’s burgeoning short-term residential rental market have joined forces in an Dh18-billion deal to furnish and manage some 10,000 holiday homes. The partnership between Gallery Suites Vacation Rentals and OYO Rooms will primarily focus on the upscale market, where the properties will be distinguished by “exquisite artifacts and art installations”, according[…]