Tuesday, December 11, 2018 4:35 AM


UAE non-oil private sector growth cools to five-month low

Growth of the UAE’s non-oil private sector eased in February, with business conditions improving at the weakest pace since September last year, according to UAE Purchasing Managers’ Index (PMI), a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy.


Azizi Developments announces Dh500 million projects at Dubai Studio City

Azizi Developments, a Dubai-based developer, has announced two new residential projects Azizi Mirage 1 & 2 with a development value of Dh500 million at Dubai Studio City, adjacent to the site of the Dubai Expo 2020.


Emaar and Aldar to jointly develop Dh30bn worth of projects

Two major UAE-based master property developers, Dubai-based Emaar Properties and Abu Dhabi-based Aldar Properties are partnering in developing Dh30 billion worth of projects, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, made the announcement through social media.


Azizi Developments awards contracts worth Dh1.5 billion to develop mega project Azizi Victoria

Azizi Developments, one of the leading private developers in the UAE, has awarded two contracts worth Dh1.5 billion for the construction of Phase 1 of Azizi Victoria, which will commence immediately.


DIGAE plans activities and knowledge seminars on the future of government

A series of interactive events and seminars will be held at the Dubai International Government Achievements Exhibition (DIGAE), organised by the Dubai Government Excellence Program (DGEP), part of the General Secretariat of the Dubai Executive Council, in conjunction with the Annual Investment Meeting (AIM), the Future Cities Show, and AIM Startup. The three-day event and exhibition will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, from 9-11 April 2018 at the Dubai World Trade Centre.


KEF Holdings invests $300m in India

KEF Holdings, a UAE-based diversified conglomerate, will invest US$300 million (Dh1.1 billion) in setting up three prefabrication factories in India that will help accelerate the pace of growth of India’s real estate and construction sectors, currently undergoing tremendous transformation.


Dubai Land Dept stresses on 20% equity payment by developers before sales and marketing

Dubai Land Department (DLD) has confirmed the original 20 percent equity investment by property developers before they could kick-start sales and marketing activities of a project.