News
Country named as the world’s fifth top developing country for retail investment The UAE has been named as the world’s fifth top developing country for retail investment in a global ranking that placed India as the number one. The newest edition of A.T. Kearney’s Global Retail Development Index named China the second top country for…
Emaar Properties on Wednesday announced plans to list its UAE real estate development business on the Dubai Financial Market (DFM) and will distribute the proceeds as dividends to shareholders, including the government of Dubai. The company will list up to 30 percent of its UAE real estate development business on the Dubai bourse, which it…
Sofitel Dubai Wafi will have 598 rooms and will start operations from early 2019 French hotel group AccorHotels will open its largest Sofitel hotel in Middle East by early 2019 in Dubai. Developed in partnership with Dubai-based MKM Commercial Holdings, the “Sofitel Dubai Wafi” will feature 501 luxury guestrooms, including 86 suites, and 97 serviced…
Dubai’s investment arm has teamed up with one of the world’s biggest asset managers to create a US$1 billion (Dh3.67bn) property fund. The fund is the first “Dubai-only” property investment vehicle, according to a statement from Dubai’s official media office. It is to be seeded initially with $200 million – $100m each from Investment Corporation…
Owning a home is a keystone of wealth… both financial affluence and emotional security.