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Dubai Marina most searched for rental destination

Dubai Marina most searched for rental destination

April saw Dubai Marina, Dubailand and Downtown searched for most when it came to potential rental locations, according to a leading property portal Summary Dubai Marina, Dubailand and Downtown most searched for rental locations in April Propertyfinder.ae shows 17% of total searches relate to Dubai Marina Dubailand and Downtown searched for by 9% and 8%… Read more »

Dubai Financial Market boosted by market reclassification

Dubai Financial Market boosted by market reclassification

The Dubai Financial Market has topped 5,000 percentage points just weeks ahead of the MSCI Index upgrading the UAE to ‘emerging market’ status Summary Dubai Financial Market tops 5,000 percentage points for first time in six years Rise occurs just weeks before MSCI Index declares UAE to be an ‘emerging market’ on May 14 Stocks… Read more »

140 new hotels to open in Dubai by 2016

140 hotels to open in Dubai by 2016

Dubai is set to see 140 new hotels opened by 2016, according to pipeline report from STR Global looking at Middle East and Africa region Summary 140 new hotels to be built by 2016, with more than 30,000 rooms STR Global report says 255 hotels to be built in Middle East and Africa region by… Read more »

Dubai real estate investments in Q1 jump 57% from 2013

Dubai real estate investments in Q1 jump 57% from 2013

Dubai Land Department data reveals real estate investment was 57% higher in Q1 2014 compared to the same quarter in 2013 Summary Real estate investments up by 57% in Q1 this year compared to same quarter in 2013 Dubai Land Department reveals investment totalled AED35 billion Number of investors rises by 81% to 13,279 in… Read more »

Two agreements finalise artistic solutions for Dubai

Two agreements finalise artistic solutions for Dubai

The Dubai Culture and Arts Authority has agreed two Memoranda of Understanding to transform Dubai Metro stations and public areas Summary Dubai Culture and Arts Authority and Roads and The Transport Authority sign two Memoranda of Understanding First Memoranda will see six Dubai Metro stations transformed into museums at cost of AED 184 million Second… Read more »

Asteca report showcases rent rises and off-plan development interest

Asteca report showcases rent rises and off-plan development interest

Dubai rental rates for apartments and villas up by 3% and 5% respectively, while investment interest in off-plan developments mounts, according to Asteca Summary Rents for apartments and villas up by 5% and 3% respectively in Q1 2014 Asteca report reveals increase in interest in competitively priced off-plan developments More than 3,000 units launched in… Read more »

Dubai Metro users top 40 million for Q1 2014

Dubai Metro users top 40 million for Q1 2014

Q1 saw more than 40 million passengers using the Red and Green lines of the Dubai Metro, according to the Roads and Transport Authority Summary 40,655,978 riders used the Dubai Metro service in Q1 2014 Dubai Roads and Transport Authority reveals figure rose from 33.3m from same period 12 months ago More than 4.3m extra… Read more »

Morgan McKinley: Job opportunities in Dubai increase by 8%

Morgan McKinley: Job opportunities in Dubai increase by 8%

Job opportunities in the UAE rose by 8% between February and March 2014, according to recruitment specialist Morgan McKinley Summary Available professional job opportunities in Dubai up by 8% month-on-month Last 12 months sees 2% increase in number of roles Buoyant February followed by further increases in March The number of job opportunities available in… Read more »