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Dubai’s DED issues 20,467 new trade licenses in 2018

The Department of Economic Development (DED), the business licensing arm of Dubai Government, said, it issued 20,467 new licences in 2018.


Belhasa Six gets Uptown Dubai tower contract

Dubai Multi-Commodities Centre (DMCC), a Dubai Free Zone and master developer of Jumeirah Lakes Towers (JLT), said, it has awarded a contract to BESIX, through its Dubai-based entity Belhasa Six Construct, to build the first super tall tower in its Uptown Dubai district.


Dubai Investments to build a 138-room Copthorne Creek Hotel in Dubai

Dubai Investments said it has signed a hotel management agreement with Millennium Hotels and Resorts MEA to manage the Copthorne Creek Hotel, a 138-room hotel located in Al Hamriya and the second hospitality real estate project between the two partners who are also working together on a four-star hotel in the Mirdif Hills project.


UAE non-oil private sector growth slows to four-month low

The end of 2018 saw a moderation in growth across the UAE’s non-oil private sector, with slower increases in output and new orders recorded. The headline seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index (PMI) – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – posted 54.0 in December, down from 55.8 in November and signalling the weakest improvement in business conditions since October 2016.


Aldar launches Dh2 bn project at Al Shamkha

Aldar Properties said, it has launched a Dh2 billion development, Alreeman in Alshamkha. With investment zone status, and located in close proximity to the Abu Dhabi International Airport and key arterial highways, the mid-market, mixed-use development offers residential and commercial land plots available for purchase by all nationalities.


Sheikh Mohammed announces 8 principles of governance to strengthen Dubai

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, shared his 8-point mantra of governance on completing his 50 years in service to the UAE.


Dubai allocates US$2.5 billion to develop infrastructure in 2019

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has signed the public budget law for the year 2019 with an allocation of Dh9.2 billion (US$2.5 billion) specifically for infrastructure projects.


Dubai Land Department records Dh19 billion real estate transactions in last 10 days of 2018

Dubai Land Department (DLD) said it has recorded an unprecedented growth in the last ten days of 2018 with a value of over Dh19 billion through 2,081 transactions.


Institutional investors inject Dh100bn in Dubai’s real estate sector in 2017

Institutional investors carried out 15,600 transactions in Dubai’s real estate market in 2017, with a combined value of just over Dh100 billion, according to a latest report issued by Dubai Land Department.


Construction of the largest Sports Mall in the World in Dubai is well underway

Dubai-based firm Viva City has announced that the construction work of Sport Society, the world's largest sports mall, in Mirdif Dubai is well on track for completion in Q1 of 2020.