Rents remain stable and sales are down, according to a new Dubai property report. CBRE’s Q3 2015 figures show sales rates declining around 2% from Q2 and around 6% year-on-year. When it comes to rents the global real estate advisor reveals that average rentals, within the residential sector, remained stable although affordable locations saw some growth. Another finding from the report details how the growing resident population has driven robust growth in the Dubai retail sector.
H.H. Sheikh Mohammed unveils Dubai Metro's new Gold Line
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday unveiled Dubai Metro's new 24-km Gold Line that will be built at a cost AED 34 billion.
Abu Dhabi inspects schools to ensure compliance with safety protocols
Authorities in Abu Dhabi have reviewed evacuation plans, early warning systems, and the readiness of response teams out at more than 480 schools and nurseries just days after reopening educational institutions for in-person learning.
H.H. Sheikh Mohamed discusses AI, space developments with Elon Musk
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has discussed developments in artificial intelligence and space in a phone call with American entrepreneur Elon Musk on Wednesday.
UAE President discusses global markets with BlackRock CEO
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has discussed developments in the global markets with Larry Fink, Chairman and Chief Executive Officer of BlackRock, in a meeting on Wednesday.
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