Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.
Dubai trade licences saw a significant jump as UAE confidence steadily rebounds.
The Dubai-based airline will begin operating flights to Tripoli from October 29.
The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.
Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.
The UAE’s largest low-cost airline saw gains from under-served routes last quarter.
Where in Dubai should you rent or buy? What will it cost you? And is it even worth it? Read what Meghna Pant, features editor of Gulf Business has to say.
The goods seized included 5,300 television sets, 7,000 DVD players and various other devices including stereo sets, pressing irons and vacuum cleaners.
DFM’s net profit fell to Dhs10.2 million during the second quarter of the year, as revenues reduced.
Gulf Business lists the top nine property growers, including Arabian Ranches, The Springs and Palm Jumeirah.
Emirates’ chairman Sheikh Ahmed bin Saeed al-Maktoum clarified that the deal will not include a revenue-sharing agreement.
The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.
The amount collected by the Dubai government’s online payment services in the first half of 2012 increased 21 per cent year-on-year.
Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.
Health club chain on an aggressive expansion spree across the Middle East with a target of 100 clubs in the next five years.
The Dubai-based developer posts first half profits of $208.82 million, up 36 per cent from the same period last year.
The busy airport saw a rise in footfall of 13.7 per cent for the first half of the year to 27.93 million with air cargo also increased.
The telecoms operator made a net profit of Dhs325.5 million in the second quarter of the year.
Property giant Emaar reports 2012 profit rise citing Dubai’s strengthening economy.
Dubai Property oversupply is vanishing fast, says Peter Cooper, editor of Arabianmoney.net
Average residential rents for both villas and apartments in the emirate increased during Q2 2012, says new study.
Rent prices in the area are up for the first six months of the year, out-pricing costs in Downtown.
Abdul Aziz Al Ghurair is the man behind Mashreq, the UAE’s largest privately owned bank. In a rare interview he opens up to Alicia Buller on the greed culture that engulfed the UAE’s
banks and lurched the industry into crisis.