The 1.9 km Night Souq, coming up on the south island, will be within walking distance of hotels, residences and the Deira Islands Mall.
The freezone operator also plans to launch a start-up fund by the second quarter of 2015.
Authorities are investigating possible violations connected to the lender banking for Iranian-controlled entities in Dubai.
The financial institution and its ME unit were found to have mis-sold $200 million of investment products, a Dubai court ruled.
The retail and malls unit of Dubai’s largest developer made a quarterly profit of Dhs321.18 million.
The airline is the world’s largest operator of the 777 range developed by US-based Boeing.
Godolphin did not disclose the size of the share or its price.
Revenue for the quarter was Dhs1.98 billion, down from Dhs2.35 billion a year ago.
The spaces are available in Azure Residences and Club Vista Mare, two beachside residential and recreational projects.
Fifth Sheraton in Dubai has World Trade Centre delegates firmly in its sights
The group is is in advanced talks to set up a university and a school as part of its strategy in expanding into education and healthcare sectors.
The Drive at AKOYA will be extended to 2.5 kilometres from its initial length of 1.3 kilometres due to demand, the luxury property developer said.
Globalpharma will produce anti-infective, cardiovascular and gastrointestinal drugs for the Middle Eastern market, following its acquisition by Sanofi.
Platinum Residences, in Dubai Silicon Oasis, will comprise of two towers, featuring 200 apartments and will be completed by April 2015.
The company has picked Dubai Islamic Bank, Emirates NBD, Noor Bank and Standard Chartered for the sukuk sale, according to the document.
Airline won’t be able to compete with Emirates on scheduling but will on price
Consolidated volumes, at terminals over which DP World has control, rose 8.8 per cent to 7.3 million TEU.
The firm made a net profit of Dhs558.7 million ($152.11 million) in the three months to Sept. 30.
New route enhances Hungarian capital’s connectivity to eastern markets
The projects will be built over five years and will include 10 million square feet of space for innovation complexes, technology laboratories and smart buildings.
The International Monetary Fund also said on Monday that rises in Dubai property prices had moderated, and were now less of a concern.
DFM made a net profit of Dhs153.5 million in the three months to Sept. 30.
The mega development, spread across six million sq metres, will include residences, integrated transportation systems, and green open parks.
Dubai International Airport also saw a growth in traffic during the first nine months in 2014, which reached 52 million compared to 49 million during the same period last year.
Third-quarter revenue rose to Dhs922 million, up 12 per cent year-on-year.
The lender made a net profit of Dhs596.8 million ($162.5 million) in the third quarter of 2014, up from Dhs473.2 million from the same period last year.
The hotel, being developed in partnership with Abu Dhabi Financial Group and real estate developer Sheffield Holdings, will be situated in Marina 101 in Dubai Marina.
A senior IMF official said that risks in Dubai’s real estate market seems to have decreased partly due to the measures taken by the government in limiting speculative buying.
The conglomerate said its net profit was Dhs189.1 million ($51.5 million) in the third quarter, compared with Dhs161.1 million in the same period of 2013.
The Japanese electronics giant said that the world’s first Xperia Aquatech store in Dubai is nearing completion and will open on December 3.