Property developers not complying with the laws and rules set by Dubai’s RERA should face strict penalty, says Khalid Al Malik, DPG’s group CEO.
Developers are upbeat about recovery in Dubai’s property market.
Gulf Business brings you all the news from Dubai’s main property event.
The investment bank’s shares are down 93 per cent from a 2008 peak.
Experts say that the off-plan market is much better regulated now compared to pre-financial crisis.
The company has no plans to launch an IPO, but may do so in the future.
Master communities such as Palm Jumeirah and Downtown make up 62 per cent of all transactions in Q3.
The company is hoping to finalise an investment before year-end.
Meraas Holding says that its new JBR development will offer an underground car park able to hold 1,200 vehicles.
Zabeel Investments owes about Dhs6 billion to mostly local banks.
Long queues, new projects and big stands signal a good start to Dubai’s main property event.
The Group has set the bar high on the first morning of the property event, unveiling a new community and skyscraper.
The professional networking site will open an office in Dubai to help grow its MENA database.
Ahead of Cityscape, property experts claim the city’s real estate market has recovered this year.
As the region’s largest real estate event approaches, the man behind Cityscape Global says it will be their biggest event post-2008.
In partnership with Deutsche Bank, the new DIFC Forum will open up discussions on doing business in the MENA and Asia regions.
Gulf Business spoke to Toby Simpson, managing director of the Gulf Recruitment Group, to find out the best way to start a new career in the hotly favoured tax-free city of Dubai.
The new tablet-laptop hybrid will be launched in the region next month along with the release of Windows 8.
The publisher of the glossy will open the café in Dubai Mall later this year.
The London-based investment fund has backed online fashion site Namshi just one year after it launched.
State-owned Jebel Ali Free Zone (JAFZA) attributed the fall in H1 profit to rising costs.
Proceeds from the issue will be used for repayment, said DEWA CEO, Saeed Mohammed al-Tayer.
Dubai’s flagship airline will begin two additional flights to the archipelago, taking its weekly number up to 13.
Mark McFarland, chief investment strategist, Private Banking at Emirates NBD, says its time for wealth preservation.
Property agents paid labourers to stand in line 48 hours before doors opened in bid to secure new prime location.
The investment bank is reducing staff in Dubai and relocating some jobs to Qatar, say sources.
The low-cost airline will now transport goods to Europe, the US and across Asia.
The Dubai carrier will use Airbus’ superjumbo on a permanent service, giving a 46 per cent rise in seat capacity.