Higher bank guarantee requirements ahead of launch will bring down number of new launches. This could give market some time to balance demand and supply. Image Credit: Virendra Saklani/Gulf News Dubai: Launching a freehold project in Dubai is becoming tougher for private developers as they are now required to put up 50 per cent of[…]

Thu 05-11-2020 20:09 PM DUBAI, 5th November, 2020 (WAM) — Dubai recorded a total of AED2.9 billion real estate and properties transactions during the week ending 5th November 2020 with transactions reaching 1,241, according to figures of the Department of Land and Property in Dubai. A total of 44 plots were sold for AED176.48 million,[…]

A BRITISH woman who allegedly tried to fly to Dubai with almost £2million in five suitcases has denied money laundering. Tana Hanlon, 30, was stopped at Heathrow Airport’s Terminal 2 as she was about to board a plane at around 9pm on October 3. 4 Tana Hanlon, 30, has denied money laundering after being stopped[…]

Sofitel Dubai the Obelisk has opened its doors in Dubai. Merging modern French art de vivre and ancient Egyptian heritage, it becomes the largest Accor property in the Middle East and Africa. It is located in the Dubai Wafi region. Mark Willis, chief executive Middle East & Africa at Accor, said: “This is a very[…]

Emirates News Emirates News Today: Dubai Design District sheds light on more talents Source of the news – Emirates News Today with news details Dubai Design District highlights more talents: Emirates News Today, Dubai Design District is collaborating with an Emirati artist and country-based rapper to coordinate two exclusive playlists on the Apple Music platform,[…]

KARACHI: In the quarrel over building a gleaming “new Dubai” on two small islands off Pakistan’s Arabian Sea coast, the voices of the fishermen who have plied these waters for centuries often go unheard, Thomson Reuters Foundation reported on Tuesday. Steering his boat out of the Jamote jetty in the village of Ebrahim Haideri, 25-year-old[…]

The closing of local stocks varied at the end of the session yesterday, with liquidity remaining at previous levels above 500 million dirhams, and the Abu Dhabi market rose, supported by bank gains, which in turn pressured the Dubai market along with real estate and investment stocks. The Dubai market fell 1.18% to 2139.67 points[…]

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Dubai: One of the UAE’s oldest business groups, Khansaheb Investment, has bought back its shares that were held by Interserve International Ltd.. The latter had held stakes in three businesses – Khansaheb Civil Engineering (contracting), Khansaheb Group (facilities management) and Khansaheb Hussain (oilfield contracting). With the buy-back, Khansaheb Investment is now the primary owner of all[…]