Sotheby’s (NYSE:BID) Auction House Opens Dubai Office $BID The opening follows a 30% increase in buyers from the Middle East in the last 5 years Sotheby’s (NYSE:BID) has officially opened a new Dubai gallery and office to cater to its growing Middle East customer base. The opening of the new unit, based in Dubai International […]
Dubai World Cup: Baffert Vs Pletcher Vs Team Godolphin The Dubai World Cup brings together not only the worlds best horses, but also the worlds best trainers. This Year the focus is on the 2 Americans, Bob Baffert and Todd Pletcher, local Team Godolphin trainers field some strong hopes as well. The legend Suroor and […]
Shayne Heffernan Gold Report Gold closed down -1.500 at 1,199.260. Volume was 8,900% above average (trending) and Bollinger Bands were 21% narrower than normal. Open High Low Close Volume___ 1,200.4101,201.9601,198.0601,199.260 1,282 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1,226.77 1,213.86 1,260.96 Volatility: 7 12 16 […]
Dubai Developer ‘Proud’ to Do Business With Trump Organization Damac Properties Dubai Co., which opened a Trump-branded golf course in Dubai last month, said it’s “proud” to be doing business with the Trump Organization. “We’re very proud of that partnership. It adds value to us,” Chief Financial Officer Adil Mohammed Hassan Taqi said in a TV interview […]
Dubai Opens New St. Regis Polo Resort The Andalusian-style resort is the 1st St Regis-branded Polo Resort globally The St. Regis Dubai, Al Habtoor Polo Resort & Club had its soft opening Monday. Mohammed Al Habtoor, Vice Chairman and CEO, Al Habtoor Group, said: “We’ve opened 50 rooms today and by the end of March, […]
Launch of Dubai’s First Modern Stone Villas DAMAC Properties, a leading luxury real estate developer in the region, today launched Hajar Villas, Dubai’s first modern stone villas. Hajar Villas are a collection of premium, contemporary homes available in four-bedroom vacation homes, spacious three-bedroom homes, one-bedroom duplexes with open-plan arrangements, and duplex units for families, consisting […]
Dubai Horse Racing: Group 1 Jebel Hatta and the 1800m Dubai Turf The turf feature on the US$1.8 million Super Saturday card at Meydan Racecourse is the Group 1 Jebel Hatta sponsored by Emirates Airline, and is the official prep race for the 1800m Dubai Turf on Dubai World Cup Day. Decorated Knight, representing England […]
Dubai Horse Racing: Super Saturday The world’s richest day of racing, the Dubai World Cup is just three weeks away and Meydan Racecourse is all set to stage the official dress rehearsal – Super Saturday with a seven race card. The official feature race on the night is the Group 1 Al Maktoum Challenge R3 […]
Dubai Among the Top 20 ‘Important’ Cities for the World’s ultra-Wealthy Globally, London emerged as the most important city for UHNWIs Dubai was ranked as among the Top 20 cities that “matter” to ultra-high net worth individuals (UHNWIs), according to consultancy Knight Frank’s annual Wealth Report. The City Wealth Index ranked cities on four measures […]
Werther Wins Hong Kong Gold Cup, Ready for Dubai Turf By Andrew Hawkins at HKJC Hong Kong’s reigning Horse of the Year Werther maintained his perfect record over the Sha Tin 2000m with a gutsy win in Sunday’s (26 February) Citi Hong Kong Gold Cup as trainer John Moore confirmed plans to tackle the US$6 […]
Ertijaal was sent off a short-priced favourite for this Gr.3 [Meydan Sprint] over 1000m, having only been beaten once in his last six starts, five of which were at Meydan, when finishing three quarters of a length second to Buffering in the Gr.1 Al Quoz Sprint. After a fairly even break, the son of OASIS […]
Donald Trump Jr, Eric Trump Officially open Dubai Golf Club The Trump International Golf Club Dubai was developed by Damac Properties US President Donald Trump’s eldest sons Donald Trump Jr. and Eric Trump were guests of honor at the opening of a Trump-branded golf course in Dubai Saturday, the 1st Trump property project launched since […]
HH Sheikh Ahmed Bin Rashid Al Maktoum Wins Jebel Ali Sprint With Morawij Morawij (Exceed and Excel) Thirteen may have gone to post for the Listed Jebel Ali Sprint on Friday afternoon but, from just after halfway, the race had developed into a duel with Morawij ultimately repeating his victory of 2016 in the 1000m […]
Dubai Horse Racing News: UAE 2000 Guineas Meydan Racecourse: Group 1 winner, Thunder Snow ran away with UAE 2000 Guineas sponsored by Mohammed Bin Rashid Al Maktoum City – District One over 1600m on dirt to give the Godolphin racing operation one of four winners on the night and a total of seven over the […]
The Trump World Golf Club Dubai is set to open in 2018 Tiger Woods reviews Dubai golf course progress with developer Damac Golfer Tiger Woods reviewed the progress of the golf course designed by him at the Akoya Oxygen project in Dubai, developer Damac Properties announced Thursday. The American professional golfer designed the Trump World Golf Club […]
Really Special Looks Set for UAE 1000 Guineas The first classic of the season will be staged at Meydan Racecourse on Thursday night when 11 fillies go to post for the UAE 1000 Guineas Sponsored by Al Tayer Motors, a Listed race over 1600m and really special looks like the horse to beat. First contested […]
Dubai’s DP World says Europe, India, Turkey to Lead Growth in 2017 The operator said market conditions were “challenging”, particularly at its flagship Jebel Ali Port in Dubai Ports operator DP World said Tuesday it expected Y 2017 growth to be driven by new developments in the Netherlands, India, Britain and Turkey after reporting a […]
Arrogate, officially recognised as the world’s best racehorse of 2016, has been nominated for the Saturday March 25 Dubai World Cup, along with a host of other global stars of racing. The Bob Baffert-trained four-year-old, who was the runaway winner of the Pegasus World Cup, produced his star performance to date when beating the 2016 […]
Go back in time to discover the history of Dubai in the nearby mountain town of Hatta. Travel back in time to an era of citadels, forts and towers in the mountain town of Hatta, dating back several centuries. This quiet retreat, nestled in the craggy peaks of the Hajar Mountains, is known for […]
Abu Dhabi Horse Racing News: Tadhg O’Shea The Group 3 Al Ruwais, over 1000m, is the highlight at Abu Dhabi Equestrian Club on Sunday, with a select field of seven set to face the starter, including AF Maqayes, the mount of UAE Champion Jockey, Tadhg O’Shea. Homebred by Khalid Khalifa Al Nabooda and trained by […]
Shayne Heffernan Gold Report The World Gold Council released some interesting data this week. The Governments Central banks bought 383.6t on a net basis in 2016, 33% lower than 2015. Quarterly net purchases were strongest at the start and end of the year; Q4 saw the largest net addition to reserves with demand of 114.4t […]
It’s a Great Time to Visit Dubai Dubai is unaffected by any travel ban, the US and the UAE enjoy a close and friendly relationship. And as always the mood on the ground in Dubai is festive. Dubai’s growing appeal as a destination for staging and attending events was recently recognised at prestigious awards, reflecting […]
Caption : Le Bernardin trained by Ali Rashid Al Rayhi seen here winning the Al Maktoum Challenge R1 ridden by Tadhg O’Shea at the 1st DWCC at Meydan on Jan 5 2017(AW) Le Bernadin Leads Dubai Al Maktoum Race Series The fifth Dubai World Cup Carnival meeting of 2017, worth US$1.14m and sponsored by Emirates […]
Kitasan Black Outduels Maurice for 2016 Horse of the Year Kitasan Black at 2016 Japan Cup Kitasan Black drew 134 out of 291 votes to win The Japan Racing Association’s 2016 Horse of the Year based on an outstanding season that included victories in the Tenno Sho (Spring) and the Japan Cup. Maurice, who won […]
Dubai Horse Racing News Godolphin Continue Classic Meydan Weekend With Saturday Feature Victory Close finishes were the order of the day at Meydan on Saturday evening, including the hard fought success of Classic Collection, the only Godolphin-owned runner on the card, in the DP World, UAE Region, over 1800m on turf. The race looked ultra-competitive […]
Dubai Aligned With US, Support’s Donald Trump’s Ban on Muslims Dubai’s Head of Security: “We completely support Trump in ban on entry to those who may cause breach in America’s security” “Dubai’s Head of Security supports Trump’s ‘Muslim ban,’” AlBawaba, January 29, 2017: America’s ban on immigrants from seven Muslim-majority countries may be stirring anger […]
Bulgari Resort & Residences to Feature Dubai’s most Expensive Hotel Bulgari’s executive vice president Silvio Ursini said the room rates will be “by far the highest in the market” he upcoming Bulgari Resort and Residences on Dubai’s Jumeira Bay Island will take the crown of the Emirate’s most expensive hotel when it opens later this […]
Dubai Issues 26,707 New Business Licences in 2016 The number of licences renewed in Y 2016 stood at 107,043 Dubai’s Department of Economic Development (DED) issued 26,707 new business licences in Y 2016, as it introduced new measures to ease the setting up of new businesses. The number of licences renewed in Y 2016 stood […]
Dubai’s Chamber of Commerce President Looks at 2017 Hamad Buamim highlights plans to strengthen Dubai’s trade ties in Y 2017 Looking back at 2016, I can say that it was one of the busiest years for Dubai Chamber as business conditions gradually improved, while confidence strengthened throughout the private sector. Trade, travel and tourism remained […]
Local Talent To Drive GCC’s Cyber Security Industry Cyber security companies are now looking to develop talent locally The Gulf Cooperation Council (GCC) has the potential to develop its own cyber security industry rather than rely on international talent, according to 2 leading executives. Speaking on the sidelines of an event in Abu Dhabi, the […]
2017 Dubai World Cup Carnival which gets underway at Meydan Racecourse on Saturday January 5, 2017, is one of the most exciting racing spectacles in the world. Horseracing began in the Emirate of Dubai in October 1981, when the dusty Camel Track hosted the first Thoroughbred racemeeting. Three races were run – a sprint, a […]
Dubai Launchs UAE Food Bank The food bank will partner with food producers, volunteers and partners to store and distribute excess food for Zero waste Dubai is aiming to become the 1st city in the GCC to achieve Zero food waste with the launch of a new UAE Food Bank. The initiative was launched by […]
Emotionless makes his dirt debut in the mile G2 Al Maktoum Challenge Round One (20.50hrs local time), highlight of the opening fixture of the Dubai World Cup Carnival at Meydan, UAE, on Thursday, January 5. The four-year-old Shamardal colt was among the UK’s most exciting juveniles in 2015 following a scintillating win in Doncaster’s G2 […]
The GCC Region: 2016 in Review Looking back at some of the Gulf region’s most important events during the past 12 months Y 2016 has been one to remember. From Crude Oil prices to the election of Donald Trump as US President, and from the UAE’s Ministry of Happiness to Saudi Arabia’s Vision 2030, […]
Emaar Properties and Twitter Partner to Live Stream New Year’s Eve Fireworks in Dubai Global developer Emaar Properties and Twitter announced today that they are partnering to live stream the New Year’s Eve firework displays in Dubai to a global Twitter audience. This is the first live streaming deal Twitter has announced with a partner […]
Top 3 Ways New Businesses Can Succeed in Dubai Up to 80% of new companies fail in the 1st 18 months By Corrie Block Dubai is a global hub for innovation and entrepreneurial initiatives. Here, an entrepreneur investing in an SME is meant to succeed. The government is on your team, and any resource you […]
With a prize fund of AED100,000, the HH Sheikh Hamdan bin Rashid Al Maktoum Cup is the standout contest at Saturday’s penultimate meeting of the Sharjah Equestrian and Racing Club’s season. In addition, the 1700m handicap is also the only Thoroughbred race on the card. Not surprisingly, the race was oversubscribed and the maximum field […]
Born of noble Bedouin traditions, racing in the UAE has rapidly evolved and the UAE now has a rightful place alongside the great racing nations. The modernisation of racing in the UAE has mirrored the development of the nation, and this transformation has been fuelled by the passion of the Emirati people. Professional racing began […]
Dubai World Cup Carnival Created through the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai World Cup provides a truly global stage upon which the best horses in the world come to compete every year. The biggest sporting and […]
Dubai Working with HSBC on $7-B Financing for Expo 2020 $HSBC The financing will come from bank loans and from various export credit agencies Dubai is working with HSBC on the financing of Expo 2020 Dubai, a $7-B exhibition centre project expected to attract 25-M visitors, sources familiar with the matter said. The site will […]
Middle East Real Estate Market Facing Uncertainty Sudden policy changes made by the incoming US President, Donald Trump, will affect regional real estate markets, says Cluttons The Middle East’s real estate market is set to face further uncertainty following the election of Donald Trump as the 45th US President, property consultancy Cluttons has said in […]
TOP 10 COMPANIES IN THE UAE UAE equity markets, both Dubai and Abu Dhabi, remained resilient to the fall in the Crude Oil price in 1-H of Y 2016. The Dubai General Index and Abu Dhabi General Index registered YTD returns of 6.5% and 1.9% respectively. The better performance of telecom, banking and real estate […]
Kitasan Black Conquers Japan, Ready for Dubai and Paris From J A McGrath at Godolphin The G1 Japan Cup yet again proved a step too far for foreign visitors at Fuchu on Sunday, but it was an opportunity to crown a new local star, Kitasan Black, who is set to become the latest recruit to […]
Alibaba (NYSE:BABA) Launches Data Center in Dubai $BABA Alibaba Cloud, a cloud computing arm of China’s Alibaba Group (NYSE:BABA), said this week that it launched a data center in Dubai. Operated by YVOLV, a J-V between Alibaba Cloud and United Arab Emirates (UAE) company Meraas Holdings, the data center will be the 1st “full-fledged public […]
Soft Opening for Dubai’s Jumeirah Al Naseem Resort in December The Burj Al Arab-facing resort contains 387 rooms and 43 suites The 4th phase of Madinat Jumeirah, Jumeirah Al Naseem, is gearing up for launch with bookings now available from 3 December on jumeirah.com. The Burj Al Arab-facing resort contains 387 rooms and 43 suites […]
Exploring Dubai’s New Water Canal The 3.2km Waterway will feature the UAE’s longest Promenade The Dhs2.7-B Dubai Water Canal project, officially opened last week, is already starting to attract crowds. Hailed as a new landmark in modern Dubai, the 3.2km waterway, which will feature the UAE’s longest promenade stretches through Key areas including Business Bay, […]
China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has become a settlement bank for the Dubai Gold & Commodities Exchange (DGCX), the exchange said Tuesday, allowing more investors to clear transactions in RMB Yuan. ICBC becomes the […]
Sotheby’s (NYSE:BID) to Launch its 1st UAE Office in Dubai this Year $BID Sotheby’s, which has offices in Doha, Istanbul, Egypt, Lebanon and Mumbai, is hiring staff for its office in Dubai International auction house Sotheby’s plans to open its 1st gallery in Dubai as part of efforts to capitalize on demand for Middle Eastern […]
The Rolls-Royce Boutique is an “Experiential” Showroom in Dubai $VLKAY The 1st-ever Rolls-Royce Boutique was recently launched in Dubai, UAE as an experiential showroom for the luxury automotive brand. The boutique spanning more than 7,000 sqf is stationed at the center of Dubai’s City Walk,that it is right in the heart of state-of-the-art culture, fashion […]
Gold Shines at Dubai Week in China DMCC, Dubai’s Government authority on trade, enterprise and commodities and the world’s number one Free Zone, concluded Dubai Week in China, Shanghai, with three significant commodity trade agreements and its “Made for Trade. Together” in Shanghai Forum. DMCC’s event attracted over 130 senior government officials, business leaders and […]
Dubai’s Ruler Receives $1.22-M in UK Farming Subsidies Greenpeace said Sheikh Mohammed was one of the biggest beneficiaries of UK farming subsidies UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has been revealed as one of the biggest beneficiaries of UK farming subsidies over the […]
US Ranked #1 Muslim Travel Market $MA Salam Standard said the country benefited more from Muslim tourism than any other in Y 2015 The United States is the biggest global beneficiary of the Muslim tourism market, according to halal travel firm Salam Standard. In a report the company said the Islamic travel market accounted for […]
Dubai Launches Future Accelerators Program Those selected for the program will have 3 months to come up with a prototype or business plan that can be applied to the entire city Dubai has officially launched its Dhs1bn ($270-M) Future Accelerators program designed to make the city an innovation hub. The scheme pairs government departments with […]
Dubai to Overtake London as Top Pick for Wealthy GCC Investors Softening prices in Dubai was cited as the top reason for its increase in attractiveness Dubai’s property market is set to overtake the international destinations of London, New York and Singapore as the Top choice for the GCC’s wealthiest investors next year, a report […]
Dubai to Use Blockchain Technology for All Government Documents The Dubai government is seeking to position the emirate as a leader in blockchain technology Dubai has announced plans to use blockchain, the database technology behind crypto currency Bitcoin, for all government documents by Y2020. Dubai Media Office said in a tweet the strategy was launched […]
Dubai, Sheikh Mohammed Unveils UAE Strategy for the Future Under the strategy future prototypes for sectors including healthcare, education, social development and the environment will be developed UAE Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has launched the UAE Strategy for the Future, designed […]
Dubai Parks’s Future Expansion with New Name DXBE The theme park operator said its new name would show ambitions beyond its first attraction in Jebel Ali Dubai Parks and Resorts has officially rebranded to DXB Entertainments as part of longer term plans to pursue opportunities beyond its upcoming attraction near Jebel Ali. The company will […]
Dubai Approves $27-M Glass House & Cave Project at Quran Park The 60-hectare park is expected to open next year Dubai deputy ruler, minister of finance and Chairman of Dubai Municipality H.H. Sheikh Hamdan bin Rashid Al Maktoum has approved a $27.2-M cave and glass house project located in the new Quran Park set to […]
Salem Bin Dasmal, Silver Spoon Investments Founder/CEO Salem Bin Dasmal, 46 anni, details his journey from tennis champion to entrepreneur with some government work along the way Education I was a champion tennis player in my youth but tennis wasn’t my destiny. Despite the bit of talent I had – winning the United Arab Emirates […]
Longer Visas for Dubai Property Investors Will Boost Market Issuing such visas will encourage a retirement market in Dubai Dubai’s real estate market could receive a boost from long-term investors if they are provided with longer-stay visas, experts say. Currently, the regulations for property visas in the UAE are rigorous and investors need to meet […]
Dubai Cityscape Global Real Estate Exhibition His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,on Tuesday toured the 15th Cityscape Global real estate exhibition which began today at Dubai World Trade Centre and will conclude on September 8. Some 272 exhibitors from more than […]
Image Nation Abu Dhabi to Produce 3 Movies this Year The 3 films will be shot on location in the UAE and Oman Image Nation Abu Dhabi will begin production on 3 feature films in Q-4 if Y 2016, it announced. All 3 films will be shot on location in the UAE and Oman, with […]
At the heart of The Opera District is Dubai Opera, a 2,000-seat, multi-format performing arts venue which is set to captivate visitors when it opens in 2016. The design of Dubai Opera is deeply rooted in Dubai’s maritime history, with the Arabian dhow becoming the inspiration behind the architecture of the building. Dubai Opera will […]
The real estate market in Dubai will stage a strong rebound in 2017 and experience a higher growth rate by 2020 due to effective measures taken by the regulators in recent past, says an industry expert. Pawan Dhawan, head of Home Finance at Noor Bank, said potential buyers and investors are determined to take benefit […]
Dubai: Palm Jebel Ali is a ‘Long-term’ Project Dubai developer Nakheel is planning to launch new projects in the emirate soon but some older developments remain on hold for the moment, according to its Chairman. The company, which announced last month that it had repaid all its debts following a massive restructuring program, has posted […]
Dubai’s Annual Property Exhibition ‘Cityscape’ Opens All the news and gossip from the real estate show which runs from 6-8 September at Dubai World Trade Centre 5:30pm With several huge and prominent displays (the Jumeirah Central stand was constantly crowded), Cityscape usually called a barometer of Dubai’s property market, certainly appeared optimistic this year. While […]
Dubai Real Estate May Become as Unaffordable as London Residents could be permanently priced out of the market, according to Cluttons Dubai is at risk of becoming as unaffordable for local residents as parts of the UK capital London unless cheaper property is provided, according to Cluttons. Faisal Durrani, the property consultancy’s head of research, […]
The Skinny On Dubai “Pizza Wars” There are almost 870 pizza outlets in Dubai alone, according to a quick search on website Zomato, including delivery, dine-out and cafes. With new venues opening up every other day, that thanks to Dubai’s booming food and beverage market customers have a wide variety of options to choose from. […]
Dubai Opera Opens to Public Dubai Opera will offer a diverse year-round program of concerts and events Placido Domingo sang at a sold-out Dubai Opera Wednesday evening, starting a diverse year-round program of concerts and events designed to appeal to Dubai’s cosmopolitan residents and visitors. A media preview was held Tuesday, coinciding with the dress […]
Records the highest Year-To-Date volumes since inception, growing 43% from last year. Records the highest Open Interest positions on 29th August valued at over US$ 8 billion. Introduced extremely low-latency solutions for overseas market participants. Now provides full-depth market data to support sophisticated trading strategies. Volumes on the Dubai Gold and Commodities Exchange (DGCX) touched […]
Gulf Millionaires to Invest in Dubai Real Estate Over London in 2017 Cluttons forecast places Paris and Doha alongside UK capital, Toronto the 3rd choice Dubai’s real estate market is set to overtake the international destinations of London, New York and Singapore as the top choice for GCC wealthiest investors next year, a new report reveals. […]
Dubai Expo 2020 to Allocate $1.36-B of Contracts to SMEs Opportunities for SME participation extend beyond the physical expo site and six-month duration of the event, according to Expo 2020 Dubai has announced that 20% of direct and indirect spending on the Expo 2020 event will be allocated to small and medium enterprises. Under the […]
Six Flags Plans World’s Biggest Roller Coaster in Dubai $SIX The Six Flags (NYSE:SIX) theme park is coming up within Dubai Parks and Resorts The upcoming Six Flags theme park in Dubai could house the world’s biggest roller coaster, according to reports. The theme park, coming up within the Dubai Parks and Resorts complex, is […]
Hotel News: Middle East Hozpitality Excellence Awards Voters Also Enter for a Chance to win an IPAD Over 300 candidates enter the race to be nominated as one of the best in their category. We received over 9,000 votes in the first 2 weeks of online voting, Raj Bhatt, CEO Hozpitality Group said. The awards […]
Dubai Real Estate Report The Dubai civic body has launched a complete electronic platform to ease transactions for under construction projects. Building Department officials at the Dubai Municipality said the electronic system allows building consultants and contractors to finish all procedures online without the need to visit municipality offices. Recent figures showed that there are […]
Dubai Crocodile Park to Open in Soon The new attraction will features hundreds of Crocodiles, according to reports he Arab world’s 1st Crocodile park is set to open in Dubai by the end of Y 2016, according to reports. In a tweet, Dubai Media Office said the park was 75% complete and confirmed the opening […]
Dubai Real Estate: Dubai Mall and Emaar Malls are Outperforming Dubai Mall recorded 80 million visitor arrivals in 2015. Various Emaar malls together received more than 124 million visitors, registering an increase of 9 per cent compared to 2014. ‘The shopping malls business will gain further traction with the launch of a dedicated Retail District […]
Dubai, Abu Dhabi Apartment Rents Fall in July $JJL Declines were recorded for all apartment unit sizes last month, according to Bayut.com Apartment rents in Dubai and Abu declined an average of 2 and 6% respectively in July from 1-H of the year, according to Bayut.com. In its monthly report, the property site said the […]
Dubai Government to Buy Electric and Hybrid Cars Up to 10% of new vehicles will be electric and hybrid cars under a new Green mobility initiative. Dubai government entities will be buying electric and hybrid cars in the next few years to bolster their fleets under a new Green mobility initiative. Up to 10% of the […]
Dubai’s Real Estate Prices Expected to Rise in “Coming Months” Growth will be driven by the Emirate’s ‘Landmark’ Project, Khalalaf Al Habtoor said Property prices in Dubai will increase in the “coming months” despite the current stagnation in the market, businessman Khalaf Al Habtoor predicts. Prices will increase due to heightened demand for landmark projects […]
NASDAQ Dubai to Open Equities Futures Market The introduction of stock futures could be a major development for equity markets in the UAE The NASDAQ Dubai exchange will open an equity futures market in September to trade single-stock futures on the shares of some of the United Arab Emirates’ (UAE) biggest companies, the bourse’s CEO […]
Emirates Chairman Sheikh Ahmed on EK521 Accident Emirates flight EK521 crash landed in Dubai airport with 300 people onboard Emirates Chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum has confirmed that all 300 people onboard the Emirates EK521 aircraft which crash-landed Wednesday are safe. Flight EK521, operating from the Indian city of Thiruvananthapuram to […]
UAE Remains a Hot Investment Destination The UAE has maintained its position as a top investment destination for citizens of the Gulf Cooperation Council, GCC, with 1,899 new licenses granted to GCC citizens to practice economic activities during 2015, leading to a total of 19,803 licenses by the end of 2015. Commercial licenses made the […]
Saudi Arabia is Buying Gold Reinforcing the bullish view HEFFX has on Gold, Saudi Arabia seems to be stepping up their Gold acquisitions. A recently-released Dubai Chamber of Commerce and Industry special report has revealed that the UAE is becoming increasingly competitive in Saudi Arabia’s import market, as the Kingdom constitutes the 2nd largest destination […]
Gold Trading in Dubai Hits New Record Volumes on the Dubai Gold and Commodities Exchange (DGCX) crossed over 11Mn contracts this year, growing 49% from last year. The overall volumes in July 2016 touched 1,674,268 contracts, registering a massive year-on-year(Y-O-Y) increase of 47%, driven largely by elevated trade volumes across precious metals, currencies, equities and […]
A Look at the Dubai Financial Market Within a short period of time, the Dubai Financial Market (DFM) has fast developed into a leading financial market across the region. Its ongoing efforts and strategic initiatives have further reinforced Dubai as a centre of excellence in this part of the world and enhanced its leading position […]
Dubai Financial Market (DFM) Outlook HEFFX Notes Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. By the way, prices are vulnerable to a correction towards 3,415.48. The projected upper bound is: 3,570.56. The projected lower bound is: 3,378.02. The projected closing price is: 3,474.29. DFM MAIN […]
Dubai Rents Fall 6%, Brexit Hits Investor Confidence Regional security and political issues such as Europe usher in wave of uncertainty The price of apartment rents in Dubai fell by 6% in 1-H of Y 2016 as global and political issues hit investor and buyer confidence, a report by real estate website Bayut.com has found. Dubai’s […]
Testing Being Done to Check Safety of Emaar’s New ‘Tallest’ Dubai Tower When ready, The Tower at Dubai Creek Harbour will be 100 metres taller than the Burj Khalifa Dubai developer Emaar Properties has completed advanced wind tunnel tests to check the structural strength and durability of its new upcoming super-tall tower in Dubai, it […]
Dubai Real Estate Investment + 7.5% in 1-H Emirati and Indian investors led the real estate investment market, according to DLD Total real estate investment in Dubai increased 7.555 Y-Y to Dhs 57-B ($15.5-B) in 1-H of Y 2016, according to the emirate’s land department. Investment in the emirate’s property market totalled Dhs 53-B ($1.44-B) […]
Dubai, Keeping Cool in the Hot Summer Visitors to Dubai now have a new way to keep Cool during the very hot Mideast Summer. This Summer the company behind the city’s indoor ski slope plans to let guests stay overnight in tents on the man-made snow on Fridays starting from 29 July. For $204 a […]
10 Things to do at Dubai Airport when in Transit From shopping to relaxing, the airport offers several options for transit passengers With the summer holidays on in full swing, transiting at Dubai International Airport is a strong possibility for many passengers thanks to Emirates’ global network. But faced with long transit times, many […]
Dubai Among Top 5 Cities Globally for Entrepreneurs The emirate ranked high on ease of doing business and political safety and security Dubai has been ranked among the Top 5 cities globally for entrepreneurs, according to a new report released by property advisory firm Knight Frank. The report assessed the most important lifestyle elements that […]
Dubai Real Estate: Residential Property Prices Drop 1.1% in Q-2 ValuStrat said there were signs of an early recovery in some areas Residential property prices in the Dubai real estate market showed a 1.1% annual decline in Q-2 of Y 2016, according to ValuStrat’s Price Index. The firm said its data indicated an early recovery […]
Dubai Business Conditions Improved in June The Emirate saw the fastest rise in new work since March 2015, according to the Emirates NBD index Dubai’s private sector posted stronger growth in June, mainly due to improving business conditions in the travel and tourism and wholesale and retail sectors, according to the monthly Emirates NBD index. […]
Dubai Real Estate Transparency Improved $JLL JLL report awards city ‘semi transparent’ status and the most in the Middle East Dubai needs to introduce a citywide performance index if it is to improve the property market’s transparency, according to JLL MENA. In its biennial Global Real Estate Transparency Index, JLL (NYSE:JLL) ranked Dubai 48th out of […]
Dubai Expo 2020 Site Infrastructure Work Begins This Summer Major construction on the site is expected to be complete by October 2019 Infrastructure work on the Dubai Expo 2020 site is set to begin this Summer, the Director General of Dubai Expo 2020 Bureau Reem Al Hashimy confirmed Monday. Major construction on the site is […]
Dubai Among the World’s Top 10 Cities for Green Buildings The ranking assesses cities on the number of Green building initiatives and their effectiveness Dubai has secured a place as 1 of the Top 10 global cities for Green buildings, a recent white paper published by consultancy firm Solidiance has revealed. The Emirate ranks 8th […]
Qatar Plans Zones w/Tax Incentives to lure Overseas Investors Qatar is seeking to draw in more foreign investors and cut its dependence on gas revenues by setting up special economic zones that will allow for 100% overseas ownership. The world’s top LNG exporter is one of the richest countries per capita but faces a projected […]
China Still is Dubai’s #1 Trading Partner China topped Dubai’s trading partners with bi-lateral trade totaling 39-B dirham (US$10.6-B) in Q-1 of Y 2016, Dubai Customs said Monday. India followed in 2nd place with 24-B dirham (US$6.5-B) worth of trade. The United States came 3rd with 22-B dirham (US$6-B). China became Dubai’s biggest trade partner […]