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DIP grows with 100 new companies, 33% surge in warehouses’ lease area

Dubai Investments Park [DIP], the largest integrated commercial, industrial and residential community in the Middle East and a wholly-owned subsidiary of Dubai Investments PJSC

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Yas Mall Affirms its position as Abu Dhabi’s top destination for retail, dining and entertainment for 2016

Yas Mall Upholds its position as Abu Dhabi’s leading destination for retail, dining and entertainment for 2016 attracting approximately 40 million visitors since its opening in November 2014

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Indians top list of foreign property buyers in Dubai with Dh12 billion investment in 2016

Indian investment in Dubai’s real estate fell 40 per cent to Dh12 billion (US$3.2 billion) in 2016, down from Dh20 billion (US$5.4 billion) in 2015, Dubai Land Department reports show. However, Indian nationals remain the top foreign investor group by nationality.

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Dubai adds 26,707 companies in 2016, to the existing 107,043 trade licenses

Dubai added 26,707 new companies last year to the existing 107,043 trade licenses, reflecting strong investor confidence in the emirate, the Department of Economic Development, Dubai’s trade licensing authority, said in a statement.

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Damac Properties might uphold 25% dividend in 2016

Damac Properties expects to maintain its 25 per cent cash dividend policy for 2016 despite profit declines in the first three quarters, its group chief financial officer said on Sunday.

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Imdaad generates Dh 500 million in revenue in 2016

Imdaad, the GCC’s leading integrated facilities (FM) company based in Dubai, has expressed its optimism for the year 2017, registering a revenue of US$136.2 million (around AED 500 million) in 2016, which is an increase of 8 to 10 percent.

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Drake & Scull reports Dh869mn revenues in Q3 2016

For the first nine months of the year, the company reported revenues of Dh 2.7 billion and a net loss of Dh297 million versus Dh2.8 billion and net loss of Dh951 million reported last year.

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Dubai to add 70,000 more hotel rooms in 2020

Dubai will be adding 70,000 more hotel rooms in 2020, according to the GCC Hospitality & Leisure-Recreation 2016 report commissioned by Big 5.

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Eltizam revenue to hit Dh200m in 2016

Revenues of Eltizam Group, property management conglomerate of eight companies, is expected to cross Dh200 million in 2016, jumping from Dh35 million in 2013, a top officials said.

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Real estate considered safest form of investment

The real estate sector is considered as the safest and most appealing investment category, according to a research conducted byYouGov, an internet-based research firm.

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