DUBAI: Dubai’s biggest lender Emirates NBD reported a 15 percent drop in fourth-quarter earnings on Monday, below analysts’ forecasts, on a jump in impairment charges, sending its shares down around 1 percent. The bank booked impairment charges of 2.06 billion dirhams ($560.88 million) in the quarter, up more than three times from a year earlier[…]

Young drivers at the Dwight School Festival of Speed held at Dubai Autodrome. Image Credit: Supplied Dubai: At the same that its’ Board of Directors was putting off a crucial meeting for the second time in a week, Union Properties issued a outline for a turnaround plan, which includes a Dh200 million expansion of its[…]

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has announced an administrative order clarifying the law of Decree No. 41, introduced in 2013, to govern holiday home activities in Dubai, which outlines regulations for operators, homeowners, and authorised tenants who wish to obtain a holiday home license. Since the commencement of the operation of[…]

Most of the areas in Dubai – especially new emerging areas such as the Creek Harbour, Dubai Hills, Al Jaddaf, and Dubai South – are underpriced following a persistent decline in property prices over the last five years, according to industry players. It is believed that the price difference between the resale market and the[…]

advertisement The property company that manages your rent may not collect a commission every year for the renewal of your lease. I stay in a one-bedroom apartment in Dubai, and my annual rent is Dh50,000. My real estate company, however, charges Dh2,000 every year as ‘administration costs’ for contract extension. This clause is mentioned in[…]

Dubai has announced an administrative order to clarify rules governing the thriving holiday home industry in the emirate following a dispute last year. According to Arabian Bussiness, Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has outlined regulations for operators, homeowners and authorised tenants, who wish to obtain a holiday home licence. The announcement[…]

Thank you for reading the news about Video: Boat gutted in Dubai Marina fire, no casualties and now with the details Aden – Yasmine El Tohamy – Firefighters have extinguished the fire, moving the boat to a secure location. A fire broke out on a boat in Dubai Marina on Friday morning. “The Emaar Security[…]

Riyadh at night: Arab Gulf people are no longer Bedouins wasting their wealth in the West Image Credit: Agency Dubai: Cities in the Middle East and Africa are gaining momentum, with Dubai, Riyadh and Nairobi all ranked within the top 20, according to JLL’s City Momentum Index 2020 which identifies the world’s most dynamic cities[…]

DUBAI, 25th January, 2020 (WAM) — Cities in the Middle East and Africa are gaining momentum, with Dubai, Riyadh and Nairobi all ranked within the top 20, according to JLL’s City Momentum Index 2020 which identifies the world’s most dynamic cities from a real estate perspective. Now in its seventh year, the annual Index combines[…]