The executive council also allocates AED40 billion for ‘Dubai Portfolio for Public-Private Partnership’ Dubai’s ‘Affordable Housing Policy’ and ‘Dubai Sandbox’ project also approved in meeting Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, approved the launch of Dubai government’s new logo and the allocation...
March 2024
Fourth quarter net profit grew 15.9 percent versus the prior quarter AED550 million dividend equivalent to 7.3338 fils per share proposed for the second half of 2023 Dubai toll operator Salik has announced a 3 percent increase in its fourth-quarter profit, driven by higher revenue from toll gates. According to the company’s regulatory filing to the Dubai Financial Market, its net profit for...
Seeks to further revolutionize the industry as she builds her own legacy Amira Sajwani, founder of PRYPCO and Amali Properties Amira Sajwani, founder of PRYPCO and Amali Properties, talks about how her projects are disrupting the real estate sector with bold propositions – from a digital property ecosystem to a new luxury lifestyle concept. In this interview with Economy Middle East, she...
The ministry approved the names of 188 eligible citizens for housing grants totalling $35 million The aids encompass grants, loans, and government housing. (Photo Credit: WAM) The UAE Ministry of Energy and Infrastructure represented by the Sheikh Zayed Housing Program, has given its approval on the occasion of the Holy Month of Ramadan for 460 housing aids to be provided to citizens, amounting...
The board of directors of both Nakheel and Meydan will be abolished Dubai Holding lists Jumeirah Group, Dubai Properties and TECOM Group among its portfolio Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Nakheel and Meydan will join forces with Dubai Holding. The two companies will become part...
Find out how to make the most out of your time in the lively Marina area. As far as locations go, there's no denying the allure of Dubai Marina. Skyscrapers are poised alongside the winding canal, where luxury yachts patiently wait for their next outing. The area – which extends from Al Sufouh Road and includes Jumeirah Beach Residence (JBR) – has forged itself as one of the city's most popular...
District One Lagoon Views is situated in the District One area, near Al Meydan Road. Ras Al Khor Road is also in close proximity to the development. Both Dubai International Airport & Al Maktoum International Airport can be reached in a 35-minute drive. The neighbouring districts include Al Quoz 2 & Nad Al Sheba 1. Downtown Dubai, Business Bay and Dubai Design District are all only a...
Main office addresses are at near or full occupancy, and new supply has to catch up The first quarter of 2022 marked a record for commercial real estate globally with the market size growing higher than the five-year average. Now, a number of geopolitical challenges are aggravating an economic slowdown and the rising cost of living worldwide. Despite this, commercial real estate in the UAE is looking...
KT legal expert explains who is responsible for maintaining a rented apartment in the emirate Question: I have rented a one-room apartment in Dubai. Due to a leakage in my water heater recently, the apartment was in a mess. I have requested maintenance, but the landlord has not responded. I am afraid that the heater will explode. In such situations, what do I do? Answer: Pursuant to your...
/*! elementor - v3.20.0 - 13-03-2024 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block} Demand for properties valued at Dh2 million has massively increased in the wake of Dubai dropping the requirement of a minimum down...