Dubai FDI invites Indian investors and businessmen to build on growing bilateral ties

Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy, addressed investors and industry leaders in New Delhi and Mumbai recently as part of attracting investments from India to the emirate and promoting joint initiatives in critical sectors. Dubai Multi Commodities Centre (DMCC) and Dubai Tourism & Commerce Marketing (DTCM) joined Dubai FDI in the two roundtable sessions, hosted by Citibank as part of introducing the emirate’s advantages as an investment destination to its clients.

Dubai business conditions improve in May

Private sector business conditions in Dubai recorded robust improvement in May with output and new orders expanding, but the growth momentum eased to a seven-month low.

UAE hotel industry on a roll

The UAE's hospitality sector is gearing up for one of its busiest periods, with the country's hotel construction pipeline forecast to peak in 2017, and experts noting that the momentum will carry over into 2018.

Buyers lining up for Dubai's ready properties

Even ready properties in Dubai are getting right into the thick of sales action going by the numbers notched up in the first five months. If this interest in ready properties holds up even after summer, it will allay concerns in real estate circles that buyer demand is there only for off-plan units.

Viceroy Dubai developer to launch Dh2.1 billion hospitality Reit

The developer behind two Viceroy hotels in Dubai has said that it is launching a Dh2.1 billion real estate investment trust (Reit).

Dubai's office developers lead the way in going green

Dubai’s next-generation office buildings are certainly going green — 81 per cent of ongoing office projects come with a LEED-certification, the highest ratio among all global cities.

Expo 2020 will catalyse Dubai's infrastructural change

Dubai winning the bid for hosting the Expo 2020 triggered a wave of optimism and opportunity, and the effect was seen in major industries, including real estate. Being the first ever exhibition of its size in the Middle East, the numbers are huge. An expected 25 million visitors, including world leaders and decision makers from more than 200 countries, visiting Dubai during the course of the exhibition is a huge opportunity for the city to further prop up its international image, attract foreign investments and strengthen the core economy.

Retailers plan new strategy to boost Dubai retail sector

Consumer confidence in the UAE remained uncertain in 2016 resulting in the Dubai retail market experiencing further softening in the first quarter of 2017, according to a report.

Emaar Hires Goldman to Manage IPO of Real Estate Unit in Dubai

Emaar Properties PJSC hired Goldman Sachs Group Inc. to manage the sale of shares in its United Arab Emirates real estate development business in Dubai, Chairman Mohamed Alabbar said.

New BMWs for Emirates' Dubai business class transfers

Emirates has partnered with BMW Group to provide a fleet of luxury automobiles in Dubai for its complimentary chauffeur-drive service for Business Class passengers, including those from New Zealand travelling to Dubai.