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14 May 2019

New projects targeting first-time buyers and investors offer boost to Dubai’s residential property market

Property Monitor shows improved off-plan sales figures in 2019 Long-term payment plans attracting new types of investors Volume of sales declined by 3.3% between 2018 and 2019 Despite prices falling year-on-year, Dubai’s residential property market continued to show improved off-plan transaction sales in April 2019. This comes on the back of more international buyers and investors entering the market and […]
13 May 2019

Ensuring high standards in real estate today to bolster Oman’s future success

Over the past decade, the real estate sector in Oman has undergone considerable change. With the execution, completion and planned rollout of additional key infrastructure projects, the sultanate’s diversification efforts to move away from its reliance on a hydrocarbon-driven economy has been remarkable. These positive changes have steadily transformed the property market by connecting the capital to the country’s many […]
13 May 2019

IMF suggests UAE economy to grow on the back of Expo 2020 investments

New government initiatives, stimulus expected to accelerate with higher oil prices IMF predicts growth to exceed 2% in 2019, approach 3% in 2020-21 Strengthening SMEs and encouraging more FDI top priorities The International Monetary Fund (IMF) recently concluded a mission to the UAE, releasing its findings on the state of the UAE economy. According to research, the IMF suggested that […]
12 May 2019

Dubai increases infrastructure spend with several new major RTA projects slated for the next five years

Package of new projects includes a Sky Garden, bicycle lanes and promenades at Sheikh Zayed Road, Umm Suqeim and Jumeirah Beach New bicycle share programme to be developed with Careem Plans also account for current roadwork expansion projects across Dubai, and construction of new internal roads in residential areas His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and […]
9 May 2019

New Tourism Development Fund to bolster Oman’s development and employment prospects gains traction

The new fund will aid the substantial portfolio of tourism-related projects expected to be delivered over the coming years Ministry of Tourism (MoT) working with other ministries to activate new fund this year Current tourism tax levied on tourist-related activities stands at 4%, of which MoT receives 60% The Implementation Support & Follow-up Unit (ISFU), set up by the Diwan […]
8 May 2019

Emaar unveils new premium Creek Edge waterfront residences at Dubai Creek Harbour

The 6 sq km Creek Island destination is on track to welcome first tenants this year Creek Edge will comprise one 40-storey and one 20-storey tower, featuring 560 apartments Plans include a limited collection of waterfront duplex townhouses on the podium level Emaar Properties has unveiled plans for its waterfront residences at the upcoming Dubai Creek Harbour project. Creek Edge, […]
7 May 2019

Masdar City becomes home to Majid Al Futtaim’s first and most sustainable shopping mall in Abu Dhabi

The AED 300 million My City Centre features 18,500 sq m of gross leasable area Mall will be one of the region’s most sustainable and home to 100th Carrefour hypermarket Plans to recycle at least 80% of operational waste and other eco-friendly initiatives Majid Al Futtaim opened the doors to its first shopping mall in Abu Dhabi. My City Centre […]
6 May 2019

Five new Emaar Hospitality hotels set to open in Dubai this year

Plans include four premium and upscale hotels, and one mid-scale hotel in the city Hotels have already commenced online booking with strong customer response Over 1,300 keys to be added to inventory Emaar Properties’ hospitality and leisure arm, Emaar Hospitality Group, recently announced that it will open five new hotels in Dubai in 2019. This includes four hotels under its […]
2 May 2019

Ras Al Khaimah aims to boost tourist numbers from Europe with new deals

Emirate aims to attract 1.5 million visitors by 2021 New deal to promote RAK’s famous beaches, forts and other sights Deal was signed by RAK TDA and the ECTAA Ras Al Khaimah Tourism Development Authority (RAK TDA) and the European Travel Agents’ and Tour Operators’ Associations (ECTAA) has entered into an agreement to boost European outbound tourism to the emirate […]
1 May 2019

Abu Dhabi to develop new automotive city worth AED 1 billion

Project aims to be region’s largest fully integrated automotive hub Estimated to be complete by Q1 2020 Businesses eligible for 50-year long-tern leases A new automotive hub, Rahayel City, will be built in Abu Dhabi by Q1 2020 according to a report in Gulf News. Zones Corp, a government owned-entity unveiled the plans for the upcoming project – estimated to […]
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