Dubai, 9 September 2014. Work on the Dubai Silicon Oasis Authority’s (DSOA’s) AED 1.1bn ($270m) Silicon Park is now underway and the scheme will be completed in the final quarter of 2017, the MEED Smart Cities conference was told this…
Tag: Dubai
Dubai apartment prices rose in Q2 at annualised rate of more than 25 per cent: Asteco
The rate of increase in the sales prices of homes in Dubai slowed in the first half of 2014 but continued to grow at an exceptional rate in April-June, according to figures in the latest Dubai property market report by…
Dubai races to complete tram system for November opening
In November 2014, Arabia’s first tram system will start operating in the city of Dubai to start a new era for Middle East mass passenger transport. Dubai’s Road & Transport Authority (RTA) is racing to ensure trams will be running…
IMF says UAE economy strong, inflation rising, Dubai debts now $142bn
The Article IV consultation staff report on the UAE published on 3 July 2014 says the UAE economy is robust, its surpluses will continue but inflation could hit 5 per cent by the end of the decade. Dubai’s government debts are…
Dubai Energy Agency to be Gulf energy efficiency model
The Dubai Energy Agency (DEA), which will be established next year to lead energy efficiency and renewable programmes in Dubai, creates a new model that will influence other GCC states, Gulf observers say. The UAE daily The National today reported…
More than 28,000 hotel rooms to open in UAE by 2016: JLL
The number of hotel rooms in the UAE will rise by 30 per cent by the end of 2016 according to figures in a new report about the hospitality sector of the emirates published today by JLL. JLL said that…
Ritz-Carlton says no new Dubai hotels planned: Gulf News
Ritz-Carlton, the luxury hotel brand of Marriott International of the US, has no plans to develop further hotels in Dubai before 2020, the Dubai daily Gulf News today reported Ritz-Carlton global operations officer Bob Kharazmi as saying. There are two…
Dubai water projects excite the market
Two major Dubai waterside projects are exciting the UAE construction market. MEED reported today that Shaikh Mohammed Bin Rashid al-Maktoum had approved the $544m Dubai Creek waterside project which will be developed by Meraas. Companies in Dubai are also preparing…
Trump returns to Dubai real estate market
US developer Donald Trump today launched the 42 million square foot golf community that he is developing in Dubai in collaboration with Damac Properties. The Akoya by Damac includes the Trump International Golf Course, Dubai and 104 Trump Estate villas. The…
AWCS told Dubai faces TSE shortages this summer
Soaring demand for treated sewage effluent (TSE) produced by Dubai Municipality could lead to shortages this summer when demand from district cooling units and agriculture peaks, the annual MEED Arabian World Construction Summit (AWCS) was told this afternoon. Dubai municipality…