The agreement is a part of RTA’s naming rights project, which aims to raise revenue for the Dubai Metro through branding.
This year’s edition of the property event promises huge stands and mega launches, and expects over 35,000 attendees.
ES Bankers (Dubai), part of Espirito Santo group, has been restricted from taking or paying deposits, and is required to maintain and preserve its assets, the DFSA said.
The project will include retail areas, parks, jogging tracks, streams, meditation nooks and sunken pavilions.
Dubai carrier ponders regular double-decker services to Iranian capital
The prices for the penthouse apartments range from Dhs20.5 million to Dhs40 million, the company said.
Emaar is aiming to sell two billion shares in EMG, representing 15.4 per cent of the unit’s share capital.
Mashreq also has no interest in any of Standard Chartered’s UAE operations, CEO Abdul Aziz al-Ghurair said on the sidelines of a company event in Dubai.
Major projects being developed by Dubai Holding and its units, Dubai Properties and Tecom Investment will be displayed during the upcoming property show.
Emaar Properties said that institutional investors had fully subscribed to their tranche of the $1.58 billion IPO of EMG.
Arabtec said it “does not have the information” on such a deal, it said in a bourse statement.
Emaar is aiming to raise as much as Dhs5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG).
The upscale residential developments will be located in Palm Jumeirah, Dubai Maritime City and Downtown Dubai.
Increased demand for bulk staff housing from Dubai firms has caused rents in Sharjah to rise, a Cluttons report says.
Sources say that Hasan Ismaik has finalised the sale of stake in Arabtec to Aabar and the deal will be announced soon.
The new applications that were released include the Drivers and Vehicles smartphone app, Smart Parking app, Business Sector Services app, Salik Smart app and the Public Transport app.
The new resort, to be completed by 2018, will consist of 800 rooms, suites and 250 hotel apartments.
The loan will be used to fund Empower’s multi-plant district cooling network in Dubai’s Business Bay area, the company said in a statement.
The newly completed phase of the project will be open to public from the third week of September, RTA said.
Emaar expects to sell two billion in Emaar Malls Group with a price range of Dhs2.50 to Dhs2.90 per share, it said in a statement.
Marka initially planned to list its shares on the DFM around the first week of June, but the market was hit by volatility that month.
When Dubai’s residential property prices shot up sharply last year, it invoked fears of another bubble, but analysts suggest the market is sturdier this time around.
Talks are at a preliminary stage to sound out banks about what Dubal could raise in the loan market, the sources said on condition of anonymity because the information is not public.
Luxury brand to follow Four Seasons on Jumeirah Beach Road
Emaar plans to sell a 15 per cent stake in its retail business unit in a $1.4 billion IPO next week.
The retailing unit of Emaar Properties will launch an IPO on the Dubai Financial Market on September 14.
The residential development will comprise 93 four-bedroom villas, with pre-launch prices starting at Dhs2.9 million.
The company is also offering to return cash throughout the loan’s lifespan, more assets as collateral, a higher interest rate and an early repayment of a first tranche of money due next year.
The Xbox and PS4 consoles feature a rose gold case created by Italian jeweller, Gatti, and will be available for sale at the GAMES14 exhibition.
The 277-room hotel, targeting medical tourists will open in 2016, the hospitality firm said.