Business

Dubai Islamic Bank, the UAE's largest Islamic bank, has announced a substantial 26% increase in its net profit, reaching Dh7.01 billion for the fiscal...

In a strategic move, Dubai-based Emirates Airlines is gearing up for an extensive recruitment drive in 2024, aiming to hire 5,000 cabin crew members....

Damac CEO Hussain Sajwani, CEO of Damac Properties, one of Dubai's leading developers, shared a positive outlook for the city's real estate market. Speaking...

Apartment Prices In a noteworthy development, Dubai experienced a remarkable 15.4% annual increase in apartment prices in 2023, marking the highest capital growth for...

Ultra-Luxurious Homes In a notable trend, sales of ultra-luxury homes priced at $25 million (Dh92 million) and above witnessed a doubling effect in 2023,...

Price Negotiations Landlords in Dubai are capitalizing on the increasing preference among tenants for multiple-cheque payments, often leading to negotiations for higher rents. Despite...

Steady Levels Industry insiders project that average property prices in Dubai will exhibit stability or modest growth in 2024, marking a departure from the...

Dubai Real Estate Dubai's real estate market witnessed an unexpected surge in 2023, with record-breaking sales of properties exceeding Dh5 million and Dh10 million....

Optimistic Outlook Dubai's business sector has kicked off the new year with a positive note, indicating expectations of accelerated hiring and job creation over...

Chinese Shadow Bank In a significant development, Zhongzhi Enterprise Group (ZEG), a major player in China's shadow banking industry, has filed for bankruptcy. The...