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LATEST NEWS

Tourism contributes Dh116 bn to UAE GDP

21/05/2018
Travel and tourism sector’s direct contribution to the UAE GDP reached Dh68.5 billion ($18.7 billion) or 5.2 percent of the total GDP of the country in 2016, according to a latest report by the World Travel and Tourism Council (WTTC).

UAE offers 10-year residence visas for top professionals, investors and students

21/05/2018
The UAE has relaxed visa scheme by announcing a 10-year residency permit for investors in 100 percent owned businesses, highly skilled professionals and talented students to attract more resourceful people that will contribute to the country’s economy.

Dubai to start constructing Dh394 million Shindagha Bridge project

20/05/2018
Dubai’s Roads and Transport Authority (RTA), will start construction of a Dh394 million (US$107 million) bridge over Dubai Creek to connect the historic downtown of Deira and Bur Dubai at Shindagha area, part of the Dh5 billion Shindagha Corridor – to ease traffic and people’s movement in the area.

Seven Tides launches US$354 million mixed-use project in Dubai

20/05/2018
Dubai-based upscale property developer Seven Tides has launched a US$354 million (Dh1.3 billion) mixed-use development in Jumeirah Lakes Towers (JLT), in Dubai, Seven City, JLT.

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Global real estate investment grows 15% to $165bn in Q1, 2018
Global real estate transaction volumes for the first quarter of 2018 came in at US$165 billion, 15 percent higher than the same period last year, with activity underpinned by favourable macro-economic trends in the world’s major economies, according to a latest report by Jones Lang LaSalle (JLL), a global real estate advisory. Read More...
$49 billion worth of airport projects to help GCC aviation sector fly high, BNC report shows
The GCC aviation sector will continue to ride high due to large airport construction projects with estimated total value of 95 listed projects reaching US$49 billion (Dh180 billion) in May 2018, according to BNC Network, the largest project intelligence provider in the MENA region. Read More...
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