News
Developers are back at testing the waters after a relatively quiet first half of the year. While the first six months of 2018 saw developers launch 7,000 units in Dubai, this was a small number in comparison with the 19,975 homes launched in the corresponding period a year ago, according to data from Reidin. Danube…
Aldar Properties has appointed Marriott International to manage one of its most strategically located hotels on Yas Island overlooking the Formula 1 Abu Dhabi Grand Prix racetrack. In a statement on Wednesday, Aldar said Marriott International will assume operation of the Yas Island hotel with effective from July 1 and the hotel will go through…
The sale of ultra-premium penthouses in Dubai has been on the rise over the past few years. Two of the most expensive units were sold last year — a 29,800-sq-ft penthouse at One Palm by Omniyat for Dh102 million and a 14,000-sq-ft, full-floor penthouse at the Bvlgari Resorts and Residences for Dh60 million. There is…
When is the last time you wrote a cheque? In many parts of the world, the answer is likely to be sometime last century. But here in Dubai, it could have been just last month. To pay your rent. Most banking processes in the UAE were formulated last century, and despite the introduction and widespread…
Owning a home is a keystone of wealth… both financial affluence and emotional security.