Dubai Headed to a Period of Accelerated Growth

Dubai Headed to a Period of Accelerated Growth

Dubai Headed to a Period of Accelerated Growth Dubai is weathering the Crude Oil-led economic slowdown afflicting its GCC neighbors and will enter a period of “rapid acceleration” in the buildup to the Expo 2020 trade fair, the International Monetary Fund says. Speaking to the media, the IMF’s mission chief for the UAE, Zeine Zeidane, […]

Dubai Buildings to be Given Star Ratings

Dubai Buildings to be Given Star Ratings

Dubai Buildings to be Given Star Ratings The new Star system being developed by the Emirate’s land department aims to simplify rental and service charge calculations Properties in Dubai will be subject to a new Star rating system under plans announced by the Emirate’s land department, a DLD statement confirming the move. It said Dubai’s buildings […]

Strong Demand in Dubai’s Prime Office Market

Strong Demand in Dubai’s Prime Office Market

Strong Demand in Dubai’s Prime Office Market CBRE said demand outstripped supply in some office locations despite a general decline across the market Despite declines in Dubai’s residential market, demand is outstripping supply for office space in certain areas, according to consultancy firm CBRE. Average office rentals declined 2% on average during Q-1 but the company said […]

Top Locations for Renting, Buying Property in Dubai & Abu Dhabi

Top Locations for Renting, Buying Property in Dubai & Abu Dhabi

Top Locations for Renting, Buying Property in Dubai & Abu Dhabi Despite price declines, yields remained high in both Emirates UAE real estate markets were stable in Q-1 of Y 2016 as major developers continued to launch mega projects, according to property site www.Bayut.com  The company said there were welcome signs of recovery in the […]

No-fly Zone Introduced In Dubai

No-fly Zone Introduced In Dubai

No-fly Zone Introduced In Dubai Dubai’s Civil Aviation Authority has introduced No-fly zones for drones banning the use of the devices near all Airports and Royal Palaces. A DCAA official said the demarcation of Red and Green zones follows an incident last year when a drone was flown into the airspace around Dubai International Airport. […]

Damac Properties Reveals its Aykon Daredevil Attraction

Damac Properties Reveals its Aykon Daredevil Attraction

Damac Properties Reveals its Aykon Daredevil Attraction The development will allow daredevils to venture to the edge of the roof in just a harness Dubai property developer Damac has revealed more details about its adrenaline-fueled project Aykon Dare, which allows daredevil visitors to lean over the edge of the roofline. The 1st-of-its-kind tourist attraction will […]

Emaar Hospitality Plans 35 New Hotels and Residences

Emaar Hospitality Plans 35 New Hotels and Residences

Emaar Hospitality Plans 35 New Hotels and Residences Dubai property giant to add 14 hotels and 11 serviced apartments to portfolio Dubai property developer Emaar’s hospitality unit has unveiled plans to launch 35 new hotels and serviced residences under its Address, VIda and Rove brands. Under the plans, the company will add 14 new hotels […]

Dubai: IMG Worlds of Adventure Opens in August

Dubai: IMG Worlds of Adventure Opens in August

Dubai: IMG Worlds of Adventure Opens in August The attraction will open several months ahead of rival Dubai Parks and Resorts Dubai’s $1-B indoor theme park IMG Worlds of Adventure will open its doors Monday, 15 August, the company’s owners Ilyas and Mustafa Galadari Group confirmed Sunday. The park, which will include 20 rides and […]

Kris Jenner to Launch Business School in Dubai

Kris Jenner to Launch Business School in Dubai

Kris Jenner to Launch Business School in Dubai The Kardashian Matriarch plans to set up school 1st in New York, then the UAE Television star Kris Jenner is setting up to launch a Legacy business school in the United Arab Emirates (UAE). The mother to the Kardashian children came to Dubai to launch the school, which opens […]

Major Seychelles Developer Eyes UAE Property Investors

Major Seychelles Developer Eyes UAE Property Investors

Major Seychelles Developer Eyes UAE Property Investors Just under 10% of Eden Island investors are from the GCC The island nation of Seychelles remains an attractive destination for property investors from the Gulf Cooperation Council (GCC), especially those from the United Arab Emirates (UAE), according to one of its biggest developers. Located 200 metres from […]