Author Posts

Dubai’s DAMAC Q1 profit falls 45 pct amid weak property market

DUBAI, May 15 (Reuters) – Dubai’s DAMAC Properties , owner and operator of the only Trump-branded golf club in the Middle East, posted a 45 percent drop in first-quarter profit from a year earlier although profit rose marginally from the previous quarter. The results came as Dubai, its core real-estate market, is under pressure due […]

Dubai stocks dive to 27-month low on real estate woes

Dubai stocks hit a 27-month low on the back of sharp falls in the real estate market and a drop in liquidity levels. The Dubai Financial Market Index ended Wednesday’s trading down 1.83 percent on 2,947.99 points, breaching the 3,000-point psychological barrier. The Dubai bourse, the most exposed to the global markets in the Gulf […]

Dubai to boost SMEs and housing sector

New proposals will allow timeshares in Dubai real estate and offer government contracts to SMEs A raft of new measures has been announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates (UAE), and ruler of the Emirate of Dubai, in an attempt to boost three key […]

Review: Emirates first class from Dubai to SFO on an A380

At the end of November through mid-December 2017, I went on a tour of Nepal and Bhutan. I didn’t particularly care for the air routing that my tour group provided, so I bought a land-only tour. With some online searches, I came up with a reasonably priced around-the-world business- and first-class trip, starting with a […]

Dubai Property Festival to provide market boost, says DLD

Three-day event will be one of the largest real estate events in the UAE this year The event will form part of the larger ‘Real Estate Investment Week’, which will include a number of other events being held to boost real estate investment and gather investors from around the globe Image: Tom Dulat/Getty Images Dubai […]

Dubai Marina knocked off top spot for apartment rentals

The most popular area for renting an apartment in February in Dubai was Dubai Silicon Oasis, overtaking Dubai Marina, according to real estate portal Bayut said the property market in Dubai showed stability in February, with the greatest price fluctuations caused by the influx of off-plan properties in certain areas. Rents for 1 and […]

Emirates is hiring flight attendants in Dubai — and they’ll get free accommodation, a plane ticket, and 30 days of holiday

Emirates is hiring flight attendants in Dubai.It offers its crew free accommodation, as well as accommodation and meals while abroad.Flight attendants also get 30 days of holiday and a free plane ticket. Emirates is recruiting flight attendants — and the job comes with some pretty sweet perks. The UAE airline offers its flight attendants an […]

Evarei picks Safa Capital for UAE real estate fund

UAE Business UAE-based Evarei Management said it has appointed Safa Capital, a Dubai Financial Service Authority (DFSA)-regulated financial advisory firm in the Dubai International Financial Centre (DIFC), to be its lead advisor and arranger for the Evareium international real estate fund and initial token offering (ITO). As per the deal, Safa Capital will advise Evarei, […]