The billionaire founder of one of Dubai’s largest developers, DAMAC Properties, announced on Wednesday his intention to take the company fully private by buying its publicly traded shares in a move that would delist it from the local stock exchange. DAMAC is known in Dubai for a development that features a Trump-branded golf club surrounded […] Read more
The first day of Ramadan will be observed on April 13, Tuesday, UAE’s moon-sighting committee announced on Monday. Accordingly, April 12 [Monday] will be the last day of Shaban 1442 Hijri. Abu Dhabi Judicial Department officials held a virtual meeting after prayers on Monday and the committee was chaired by Sultan Saeed Al Badi Al Dhaheri, Minister […] Read more
Bold proposals to increase Dubai’s tourist offerings over the next two decades will bring “important economic growth” to the emirate, according to Bruno Trenchard, senior manager, hotels and hospitality, CBRE Middle East. Under the Dubai 2040 Urban Master Plan announced by Sheikh Mohammed bin Rashid Al Maktoum, vice president of the UAE and ruler of […] Read more
DUBAI: There were more than AED52 billion ($14.2 billion) of US investments into Dubai over the past five years according to official data, Al Arabiya reported. The amount made up around 34 percent of the total foreign direct investment flows to the emirate during the past three years, the Dubai FDI said. Fahad Al Gergawi, […] Read more
A top official in Dubai has urged residents to observe all COVID-19 safety protocols while celebrating Diwali, the Festival of Lights, over the weekend. Speaking to Gulf News in an exclusive interview, Mohammed Feras Arayqat, director retail registration, retail & strategic alliances, Dubai Festivals and Retail Establishment (DFRE), said on Thursday, “Every member of Dubai’s diverse community of […] Read more
Dubai property prices rising again? Depends on where you are looking. According to Lewis Allsop of Allsop & Allsop, selective gains are showing up at The Springs. “We have a 2E that we sold eight months ago for Dh2 million that we have just re-sold for Dh2.07 million. “This may seem a small increment – […] Read more
Dubai property developer Nakheel has cut salaries by as much as half as the pandemic hits Dubai property developers and mall owners. The salary cuts took effect from April 1 and varied according to employee grades the developer said in a statement to Arab News. Earlier Reuters reported the job cuts and the departure of […] Read more
Why Dubai Garden Glow is a hit with adults too? You would be forgiven for thinking that Dubai Garden Glow is a place for children. It is, for sure, but all its attractions, be it the newly opened Magic Park with its optical illusions or the Ice Park with its ice sculptures, hold appeal for […] Read more
There are people of more than 200 nationalities living in Dubai, and all have brought with them a taste of home. Many expats have opened their own restaurants or set up franchises of familiar chains from home, making the emirate’s dining scene one big melting pot of flavours from around the globe. South and Southeast […] Read more
You have done the smart thing by not travelling out of the UAE with your family in this glorious weather. But are you now twiddling your thumbs thinking of what to do in the Emirates during the long weekend? You wouldn’t be if you knew about Dubai Garden Glow. Spread across 50 acres at Zabeel […] Read more
