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Dubai plans new real estate index

Dubai has moved closer to top of ‘Semi-Transparent’ category, where it sits on a par with Tier 1 cities in BRIC countries Dubai is planning to launch a real estate performance index that will allow global investors to track and benchmark performance, according to the Dubai Land Department (DLD) chief. “While we have certainly made…

The five important things in business right now

Here’s what you need to know in UAE business and globally on this Monday morning. • NBAD will be NBAD The bank merger of the year has moved a step closer with more details emerging of how NBAD and FGB will join forces. Some of the key points, released as the banks’ boards of directors…

Developers join hands to launch a tech savvy hotel in Deira

People say real estate activity in Dubai slows down during the Holy month of Ramadan, but activity in the market has so far proven otherwise. Dubai’s hospitality sector is gaining strength by the day and such is its potential that two noted developers have joined hands to launch a new hotel project. Starwood Hotels &…