Local News

ABU DHABI / WAM Abu Dhabi is ranked among the top 25 cities in the world in terms of economic competiveness as a financial centre, moving up three rankings from the previous position on Global Financial Centres Index (GFCI). The development was announced during the launch of the GFCI 22 on Abu Dhabi Global Market premises on Monday. “As the ...

DUBAI / WAM Total value of 7,878 active building projects in the UAE reached $227.9 billion (AED836 billion) at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. Of these building projects, high-rise buildings account for $100.5 billion while mid-rise and ...

Dubai / WAM / Emirates Business His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Monday morning, inaugurated the three-day Cityscape Global exhibition, which is being hosted by the Dubai World Trade Centre (DWTC). HH Sheikh Hamdan bin Mohammed toured the exhibition halls and learnt about the most ...

Dubai / WAM Dubai Land Department (DLD), a government body that handles all legalisation processes related to sales and purchases of land in Dubai, has developed an interactive multi-platform application that helps investors and developers track the progress of all real estate development projects in the emirate. ‘Mashrooi’, developed in exclusive partnership with Emaar Properties Group, combines innovative technology with ...

Dubai / WAM UAE-based developer Arada which developed Aljada, a major real estate project in Sharjah, has sold some 300 residential units, including villas and apartments, at Cityscape Global Dubai 2017. Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, told Emirates News Agency (WAM), that the sale was achieved within the first few hours of its launch at the ...

Dubai / Emirates Business Azizi Developments, one of the fastest growing developers in the UAE announced that phase one of the AED12bn waterfront project Azizi Riviera is sold out on the first day of Cityscape Global 2017. The developer has also sold 50% of inventory of phase two of the same project on the first day at Cityscape. The project, ...

Dubai / Emirates Business Deyaar Development PJSC, one of the UAE’s leading property development and real estate services companies, announced a new addition to its portfolio during Cityscape Global 2017 — a premium residential, serviced apartment and hotel property called South Bay, valued at AED1 billion over a built-up area of more than 1.3 million square feet. Located in Business ...

Dubai / Emirates Business Leading Japanese architectural and urban design firm Nikken Sekkei and UAE-based National Bonds Corporation (NBC) have unveiled Reem Tower, a super luxury residential tower in Abu Dhabi. The 44-story tower will be situated at the north east of Marina Square, the premium waterfront development set on an area of 1.2mn square metres. The tower will reach ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited the Louvre Abu Dhabi on Saadiyat Island on Monday, where they viewed the museum’s ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, is extending an Abu Dhabi government grant worth AED18.4 million to the Maldivian government. The grant seeks to support the balance of payments in the Maldives, improve the overall economic situation in the country, and aid the Maldivian government in achieving its ...