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HuaweiDUBAi – The release of the first official rental index for Dubai by the Real Estate Regulatory Authority has elicited mixed response from residents.
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DUBAI — The long-awaited rental index launched by Dubai’s Real Estate Regulatory Agency on Wednesday, is expected to help rationalise and stabilise emirate’s commercial and residential property market that has been witnessing a unbridled escalation in rental prices over the past four years, businessmen and tenants said.
DUBAI — Almost 60 per cent of the property developers in the UAE are still unprepared for Strata law, said Peter Crogan, Chief Executive Officer of BCS°© Strata Management Services, the first UAE-based strata management company.
DUBAI — Nervous investors are likely to shy away from initial public offerings (IPOs) in the UAE in the first half of 2009 as they wait for more reassuring signals the credit-freeze-stifling global growth is thawing.
DUBAI — Jumbo Electronics, the leading retailer in consumer electronics and technology, will roll out an exciting promotion at this year’s Dubai Shopping Festival, offering shoppers the opportunity to win Gold prizes and 10 Airline tickets in collaboration with Bahrain Air.
DUBAI — The Dubai developer that’s building the world’s tallest tower delayed the project after the global financial crisis halted a property boom in the Gulf.
DUBAI — Sharaf DG, UAE’s largest electronics retailer, on Wednesday announced the opening of the second DG+ boutique in the upscale Dubai Marina locale.
DUBAI — European commercial aircraft builder Airbus will deliver over 50 aircraft to the Gulf region this year, as the total orders in 2008 touched 230 aircraft worth over $30 billion, according to a spokesperson of the planemaker.
ABU DHABI — Emirates Airline scored highest in overall satisfaction among both Saudi and UAE travellers, tallying 8.5 and 8.3 respectively on a 10-point scale, says a report.
DUBAI — Oil exporting countries across the world will suffer a sharp slowdown in economic growth as global recession pulls down commodity prices even lower from their recent lows, said economist Nouriel Roubini, who was nicknamed “Dr Doom” when in 2005 he predicted that a crisis in the US housing market would sink the economy into a deep recession.