NewsAbu Dhabi
Hydra Properties completes excavation work for Corporate Towers at Al Reem Island
Hydra Properties, the leading UAE-based international property developer, announced the completion of excavation work for iconic Hydra Corporate Towers located at Al Reem Island in Abu Dhabi. Reaffirming his commitment to remain as a real estate trendsetter, Dr. Sulaiman Al Fahim, Chief Executive Officer,...
Probe to impact markets
The police investigation into alleged financial irregularities by top executives at mortgage lender Tamweel and developer Nakheel will cast a shroud of uncertainty tinged with gloom on the stock markets this week. The latest round follows similar probe into Deyaar Development and Dubai Islamic Bank earlier...
Dubai stocks suffer worst fall in months
The Dubai Financial Market General Index yesterday plummeted 2.97 per cent, its biggest one-day drop in six months, falling 155.75 points to 5,094.56. The Abu Dhabi Securities Exchange Index slid 121.56 points or 2.55 per cent to close at 4,652.42. The market capitalisation fell by Dh21.67 billion on...
Abu Dhabi infrastructure and real estate investments to reach AED 200 billion by 2012
Infrastructure and real estate investments in Abu Dhabi are expected to reach AED 200 billion by 2012, according to latest studies, as a result of the government’s efforts to fill in the gap in the supply for residential units within the UAE capital. The formation of Abu Dhabi Commercial Properties,...
Hydra Properties completes foundation work of Hydra Avenue Towers at Al Reem Island
Hydra Properties, the leading UAE-based international property developer, today said that it has fast tracked its prestigious Hydra Avenue Towers project, located at Al Reem Island in Abu Dhabi, by completing the foundation work for the project ahead of the schedule. “Hydra Avenue Towers is all...
UAE home loans jump 55% in the year to March
Mortgage lending in the UAE, which started opening its property sector to foreign investment in 2002, jumped 55 per cent in the year to March, central bank data showed yesterday. Total home loans at the end of March were worth Dh64.95 billion ($17.69 billion) compared with Dh41.86 billion, a year earlier,...
Starwood Hotels & Resorts and ADNEC to bring first Element hotel to Abu Dhabi
Starwood Hotels & Resorts Worldwide & Abu Dhabi National Exhibitions Company (ADNEC), have declared plans to launch a new Element hotel in Abu Dhabi – the first luxury realty to be introduced in the Europe, Africa and Middle East division. Sanjay Tanna, ADNEC Business Development Director...
Mubadala and Majid Al Futtaim sign joint venture
Mubadala Development Company (Mubadala) and Majid Al Futtaim Group today announced the signing of a joint venture agreement to invest in a mixed-use development which will include a unique shopping mall destination with a blend of quality retail outlets, including Carrefour, innovative leisure concepts,...
World’s first $1 million holiday
Dubbed the world’s first seven-star hotel, the Emirates Palace Hotel in Abu Dhabi has put together a seven-night package that will cost $1,025,000 for two people. The trip of a lifetime kicks off in style with two first-class return flights from any where in the world. Once at the Emirates Palace...
GE and Mubadala combine forces
GE (NYSE: GE) and Mubadala Development Company, headquartered in Abu Dhabi, UAE, today announced a framework agreement on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning. Building...
