Archive for February, 2021

Dubai motorist runs over cyclist after jumping a red light

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Picture for illustrative purposes only Image Credit: Pexels Dubai: A motorist has been accused of accidentally causing a cyclist’s death after he jumped a red light, Dubai Traffic Court heard. According to official records, the 50-year-old French driver jumped a red traffic signal at 10.10am in November of last year and ran into a cyclist[…]

Cutting property sales fees for overseas buyers boosts Sharjah property market in 2020

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Sharjah’s Al Khan Lagoon area… The emirate introduced a series of reforms in the property market that seems to have scored well with buyers. A handful of new launches and rising number of new home handovers also helped. Image Credit: Virendra Saklani/Gulf News Dubai: A strong second-half ensured Sharjah’s real estate sector recorded a 5.1[…]

Emirates News Agency – Dubai has enabled technology start-ups to script global success stories, says Hamdan bin Mohammed

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DUBAI, 6th February 2021 (WAM) – The grand economic vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has led to the creation of thriving technology hubs like Dubai Internet City that have transformed the industry in the region and made Dubai[…]

Major housing markets to shine this year and next – Business & Finance

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BENGALURU: The outlook for major global housing markets is brighter than previously thought due to expectations for a broad based economic recovery and easy monetary policy, with only a low risk that a COVID-19 resurgence will derail activity, Reuters polls showed. Over 100 million people have been infected by the coronavirus, leading to a healthcare[…]

Dubai’s land authority issues over 32,000 ‘prestige cards’ in two months

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Dubai Land Department (DLD) offices. DLD on Sunday said it issued over 32,000 of its electronic ‘prestige cards’ following the launch of the programme two months ago. Image Credit: Gulf News Archives Dubai: Dubai Land Department (DLD) on Sunday said it issued over 32,000 of its electronic ‘prestige cards’ following the launch of the programme[…]

Swift regulatory changes supported UAE’s real-estate markets in 2020, says Knight Frank

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Jumeirah Lake Towers in Dubai Marina. Regulatory changes at both the federal and local levels bolstered UAE’s real-estate markets in 2020, said Knight Frank in a report on Sunday. Image Credit: Gulf News Archives Dubai: Regulatory changes at both the federal and local levels bolstered UAE’s real-estate markets in 2020, said Knight Frank in a[…]

CEO at UAE’s construction giant Arabtec makes an exit

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The CEO is gone… Will Arabtec, which is in the midst of liquidation process, select another one? Image Credit: Bloomberg Dubai: The UAE’s biggest construction company, Arabtec, has let go of its CEO – Wail Farsakh. The company is currently in the liquidation process and changes at the top was something that the marketplace was[…]