Insights: General
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Dubai unveils plans for $8.2bn free zone
Dubai has revealed plans for a AED30 billion ($8.2bn) ‘Wholesale City’ spanning over 51 million sqm. Dubai Wholesale City is expected to become the world’s largest global wholesale hub, and take about 10 years to develop, according to UAE state news agency WAM. The development – launched by Sheikh Mohammed bin Rashid Al Maktoum, UAE
Five Guys set to open two more UAE outlets
Family owned and operated franchise restaurant group Five Guys has revealed plans for two new UAE outlets, due to open by Q2 2016.The two new launches will represent the brand’s third Dubai location and first in Abu Dhabi, located in Jumeirah Beach Residences and in Marina Mall Abu Dhabi, respectively.Founded in the US, burger and
Women entrepreneurs choose social impact over profit, study reveals
Successful women entrepreneurs think that businesses should have a positive social impact, according to a review by INSEAD presented at the Global Women’s Forum Dubai 2016.INSEAD, a business school with campuses in Europe (France), Asia (Singapore) and Abu Dhabi, reviewed the Cartier Women’s Initiative Awards to reveal an overwhelming view among women entrepreneurs that businesses
Dubai named top global choice for corporate expansion
Dubai has been named as the number one expansion target by nearly a quarter of companies based in Asia, Europe and North America, according to a new survey.The report by the Alliance Business Centres Network for the Middle East and North Africa showed that Dubai ranked first among the best centres for the expansion of
Tourism ‘to add $1bn to Bahrain economy by 2020’
Tourism in Bahrain is expected to contribute $1 billion to the country’s economy by the end of the decade, according to official statistics. Figures from the Bahrain Economic Development Board (EDB) reveal that there was an 11 percent increase in visitor numbers between 2014 and 2015 – a rise of 10 million tourists. The sector
British tourist ‘robbed by men with swords’ in Dubai
DUBAI // Three men carrying swords broke into the villa where a British tourist was staying and robbed her, Dubai Criminal Court was told on Sunday. H H, 26, and M N, 22, both Emiratis, and Jordanian O M, 23, face charges of armed robbery. F M, 45, another Emirati, is charged with driving the
February 29, 2016
Read more about British tourist ‘robbed by men with swords’ in DubaiRents continue to drop as property market matures
A new report has indicated that the Dubai property market is maturing as rent prices continue to fall throughout 2016. The report, issued by Core UAE, the real estate consultancy affiliated with Savills, compares rental declines in apartments which have been in the range of 5-6 per cent in areas such as DIFC Downtown, Dubai
February 29, 2016
Read more about Rents continue to drop as property market matures
Further reduction in UAE petrol prices announced for March
The UAE will reduce domestic prices for gasoline in March while raising them for diesel, the ministry of energy said on Sunday.The price of a litre of octane 95 gasoline will fall to 1.36 dirhams (37 US cents) from 1.47 dirhams at the start of next month, the ministry said via Twitter. It cited lower
Dubai Land Dept chief warns landlords against arbitrary rent hikes
The director-general of the Dubai Land Department has urged tenants to challenge landlords over arbitrary rent increases, insisting they should only be in line with the Real Estate Regulatory Authority (RERA)’s annual rental index.Tenants who feel aggrieved by “unjustified” rental hikes can take their case to the Rental Disputes Settlement Centre, Sultan Butti Bin Mejren
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