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UAE’s foreign trade reaches Dh784 bn in H1 of 2018

UAE’s foreign trade reached Dh784 billion, including direct trade, free zones, of which about Dh463 billion were imports, Dh232 billion were re-exports and nearly Dh90 billion were exports, UAE Ministry of Economy said.

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FDI flow into UAE grows 7.8% to US$10.4 billion in 2017

Foreign Direct Investment (FDI) flow into the UAE grew 7.8 percent to US$10.4 billion in 2017 compared to 2016, according to the UAE Ministry of Economy.

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The UAE’s real GDP grows 0.8% to Dh1.42 trillion in 2017

The UAE’s real GDP rose 0.8 percent to Dh1.42 trillion in 2017, compared to 2016, according to UAE Ministry of Economy.

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Danube Properties awards main construction contract for the Dh450 m Bayz to RAQ Contracting

Danube Properties has awarded a Dh190 million contract to RAQ Construction LLC, a Dubai-based civil construction company, for the main construction works of Bayz located at a site in Business Bay overlooking Al Khail Road.

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Dubai economy shows signs of a rebound

Dubai economy shows signs of a rebound, according to the Dubai Economy Tracker data for November, issued by Emirates NBD. Dubai Economy Tracker improves to five-month high of 55.3 in November 2018, up from 52.5 in October.

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Meydan One gets ready for Expo 2020 launch

Around 60 percent of the structural work of Meydan One, a new lifestyle and retail destination that is currently under development as part of the Mohammed Bin Rashid Al Maktoum City in Dubai, has already been completed and the project is on track for its launch in early 2020, officials told the media after a site tour.

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Former Damac VP Customers joins ‘Samana Developers’ as General Manager to steer UAE expansion

Samana Developers, a boutique developer in Dubai, has appointed former Damac vice-president Alan James Gammon as General Manager to execute three project launches in 1st Quarter of 2019, along with an ongoing Samana Greens residential project in Arjan-Dubailand district near Miracles Gardens, and to introduce them to the international investor hubs.

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Emaar launches business development operations in China

Emaar, the developer of the iconic Burj Khalifa and the upcoming Dubai Creek Tower, said, it has commenced business development operations in China. This follows the announcement in July of the company’s expansion to the country, coinciding with the historic visit of President Xi Jinping of China to the UAE.

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Arada announces 3 construction contracts to build 800 homes in landmark Sharjah projects

Arada - a Sharjah based property developer has announced the award of three main construction contracts for their two record-breaking projects in Sharjah, Aljada and Nasma Residences.

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Dubai-based Gemini launches lucrative rental guarantee to Indian property buyers at Dubai Property Show in Mumbai

Gemini Property Developers, a Dubai-based boutique property developer, is focusing on tapping into the Indian market to promote and sell its properties currently being delivered and developed in Dubai, by launching a major marketing campaign in Mumbai at the Dubai Property Show that takes place at Bandra Kurla Complex in Mumbai from December 7-9, 2018.

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