Affordable Dubai properties have spurred transactions in a relatively soft market, according to Cavendish Maxwell Q3 UAE Property Market Report. Average apartment prices declined 16.5% in Q3 2019 from Q3 2018, and villa/townhouse prices declined […]
ABU DHABI 16 October 2019: Abu Dhabi Government and Abu Dhabi National Oil Company (Adnoc), have awarded to a subsidiary of Russian Lukoil Oil Company, a five percent stake in Ghasha ultra-sour gas concession that […]
DUBAI 15 October 2019: The Mohammed Bin Rashid Innovation Fund, MBRIF, participated in the GITEX Future Stars exhibition, held from 6th to 9th, October, 2019, at the Dubai World Trade Centre, as part of the […]
DUBAI 13 October 2019: Dubai’s property market presents good conditions for buyers, investors and renters, as per Bayut’s latest Q3 2019 market report. This is also reflected in the Dubai Land Department’s (DLD) report, which […]
DUBAI 13 October 2019: Dubai prepares to host the 2019 First Global DXB Challenge, a gathering for creative young minds in the fields of robotics and artificial intelligence (AI). To be held for the first time […]
DUBAI 13 October 2019: Dubai Water and Electricity Authority (Dewa) has awarded a contract for construction of its new headquarters, called Al-Shera’a (Arabic for sail). Dewa awarded the Dh981,960,889 contract to a consortium comprising Ghantoot […]
DUBAI 11 October 2019: The UAE Central Bank has announced a cut in mortgage exit fees. The circular published by Central Bank states that early settlement fees will be reduced to 1% or Dh10,000. The […]
DUBAI 11 October 2019: Sales prices in Dubai are expected to continue to soften for the remainder of the year, by up to 5% in some instances, while rental rate declines appear to be slowing […]
DUBAI 11 October 2019: The Ministry of Finance, MoF, announced its decisions to expand the scope of excise tax starting from 1st December 2019. This includes Cabinet Decision No. 52 of 2019 on excise goods, excise […]
DUBAI 10 October 2019: The Abu Dhabi National Oil Company, ADNOC, is creating new opportunities for partnerships and investments as it pursues a balanced smart growth strategy and drives responsible production to reliably meet the […]