Tuesday 1 September 2015
 
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Dubai

Investors upbeat on Dubai real estate market

Majority of the investors (60 per cent) expect Dubai’s real estate market to grow over the next 12 months, said a survey conducted ahead of a key industry event in Dubai, UAE. The largest property showcase in the Middle East

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Dubai conference to discuss FDI issues

The UAE Ministry of Economy is set to convene a high-profile conference of government and private sector representatives, to address several key foreign investment-related issues.   The sixth annual Investment Me

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Dubai residential property prices plunge 9.8pc

The residential property sale prices across Dubai, UAE, fell 9.8 per cent year-on-year (y-o-y) in July, while in capital Abu Dhabi the prices were down two per cent, said a report. The Dubai Residential Property Sales Price Index

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Dubai gold retailer defaults on $136m

A Dubai-based gold and jewellery retailer has defaulted on loans worth about Dh500 million ($136.2 million), with banks considering options including legal action to retrieve the money, four banking and trade sources told Reuters.

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Dubai real estate group wins key investment

Dubai-based real estate technology enterprise, JRD Group, said it has won key investment from iMENA Group, a leading operator of online businesses in the region. With this deal, the company has become a new member of iMENA Group&#

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Atlas Jewellery owner detained in Dubai: report

The owner of UAE-based Atlas Jewellery and his daughter have been detained by police in Dubai over bounced cheques, a report said. The 73-year-old Indian businessman was arrested after a number of banks lodged complaints against h

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New fitness fest set to launch in Dubai

A new health and well-being event is set to launch in Dubai, UAE catering to all ages and abilities to participate in fun fitness, endurance and strength competitions, try out new sports and activities, and learn how to change lifestyle habits

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Dubai property price slump linked to forex flux

Real estate demand in Dubai, UAE which fell significantly in the first half (H1) of the year continuing into the third quarter, was driven primarily by currency fluctuations, indicating a very low propensity for international real estate investm

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Emaar’s Dubai Creek project launch next week

Dubai-based real estate developer Emaar Properties will launch Creekside 18, its latest residential project at Dubai Creek Harbour at The Lagoons on September 12. Extending in to the heart of the creek, the stunning Creekside 18 c

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Gems Education completes $816m loan with improved terms

Gems Education, a Dubai-based schools operator, has completed a Dh3 billion ($816.8 million) loan which refinances an existing facility with improved terms, its chief financial officer said on Sunday. The firm, which operates more

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