The property had been non-operational since March 2017, when a fire a broke out and caused extensive damage to some of the floors. Since then, there had been multiple occasions when it…
Tag: Dubai039s
Dubai's Drake and Scull swings to net profit of Dh3.79 billion in the second quarter of 2024
Dubai: In what is Drake and Scull’s first positive earnings after restructuring its debts over six years, the Dubai contractor swung to a massive net profit of Dh3.79 billion during the second…
Dubai's Emirates Islamic comes up with its highest ever half-yearly profit
These were enough to have the bank’s total assets cross the Dh100 billion mark. “Strong capital and liquidity, combined with a healthy deposit mix, enabled the Bank to continue supporting customers as…
Dubai's Palazzo Versace Hotel comes back for sale via an auction
Potential investors have just over 7 days to make up their minds and make a bid for the Palazzo Versace, which over the years has been one of Dubai’s most popular deluxe…
Dubai's Taaleem picks Gulf-wide rights for UK's famous public school Harrow
“These Harrow International Schools will join a distinguished global network of schools that apply the ethos and standards of Harrow School in the United Kingdom, one of the most prestigious schools in…
Shareholders in Dubai's Shuaa decide 'not to absolve' ex-MD, ex-auditor from 2023 liabilities
Dubai: In a crucial meeting of its shareholders, the DFM-listed investment firm Shuaa has decided not to absolve its former auditors ‘from any liability’ for their work during 2023. The meeting also…
Dubai's affordable locations see surge in 20% rent increases on renewals
While many residents there were expecting hikes, their expectation was that it would be limited to 8-12 per cent increases. For many, being confronted with a 20 per cent ‘take it or…
Dubai's Majid Al Futtaim launches forest living community concept
Ahmed El Shamy, CEO of Majid Al Futtaim Properties, said: “The launch of Ghaf Woods represents an important moment for Majid Al Futtaim. As we enter the fourth decade of creating great…
Dubai's Emirates Delivers is now available in Saudi Arabia
Dennis Lister, Senior Vice President of Product and Innovation at Emirates SkyCargo, said: “Emirates Delivers is the bridge between Saudi shoppers and online retailers in the UK, the US and the UAE….
Dubai's private developers start preparing for Dh55,000 cash limit in future property deals
Dubai: Private developers in Dubai are expecting an imminent enforcement of rules related to all-cash property sales, with only up to Dh55,000 allowed to be used as ‘physical’ cash in future transactions….