DUBAI / WAM Dubai hotels achieved a 3.4 percent year-on-year growth in occupancy levels, reaching 90.8 percent, according to preliminary data for February released by CoStar, a leading provider of global real estate information, analytics, and online marketplaces. Other key metrics also showed positive growth, with the average daily rate (ADR) increasing by 9.3 percent to AED 887.06 ($241) and ...

DUBAI/ WAM The Islamic Affairs and Charitable Activities Department (IACAD) in Dubai announced it will contribute AED 1 million towards the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to honour mothers by establishing a AED 1 billion endowment fund to sustainably support the education of millions ...

ABU DHABI / WAM Alpha Dhabi Holding PJSC (Alpha Dhabi), one of the fastest-growing investment holding companies in the Mena region, and National Corporation for Tourism and Hotels (NCTH), the owner and manager of some of Abu Dhabi’s best-known hotels, have completed a strategic transaction which unites 3 of Alpha Dhabi’s hotel businesses within the NCTH portfolio. Alpha Dhabi has ...