Major stock markets in the Gulf dropped in early trade on Thursday as minutes from the U.S. Federal Reserve's last policy meeting cemented bets the central bank will not cut interest rates soon. The bulk of Fed policymakers at the January meeting were concerned about the risks of cutting rates too soon, with broad uncertainty about how long borrowing costs should remain at their current level, minutes released on Wednesday showed. Most Gulf currencies are pegged to the dollar and any monetary policy change in the United States is usually mimicked by Qatar, the United Arab Emirates and Saudi Arabia. The Qatari benchmark

Emaar Properties is thrilled to announce a significant expansion of its flagship residential development, The Oasis by Emaar, underlining its commitment to setting new benchmarks in luxury living. This prestigious project in Dubai now boasts a 108% increase in its lush landscapes, elevating the total development value from AED 34 billion to an astounding AED 73 billion. The Oasis by Emaar, originally launched as one of Dubai's largest and most distinguished developments, established a new standard in upscale living with exceptional architectural design and interiors by renowned global talents. Commenting on this ambitious project, Mohamed Alabbar, founder of Emaar Properties, said: “With

DAMAC Group has announced that the construction of its Mandarin Oriental Bolidhuffaru Reef Resort is advancing steadily under development in the Maldives. The 120-key project has made significant strides in its development, with the completion of the one-bedroom beach villa category structure. Concurrently, construction activities for the structure of the two-bedroom beach units and the back of the house are currently in progress. Moreover, the project is advancing with the construction of over 60 over-the-water villas and the development of the north and south jetties. The commencement of works for three and four-bedroom units, along with the initiation of ground preparation for

SEE Holding, the region’s leading sustainably focused global holding group and the visionary force behind The Sustainable City, has been honored with prestigious accolades at the International Property Awards 2024 in London today. The company received awards in two distinct categories: "Best Sustainable Residential Development" for The Sustainable City and "Best Public Service Development" for Sanad Village, underscoring its exceptional contributions to establish sustainable development in the region. Pioneered by the SEE Holding group, The Sustainable City in Dubai is designed around the three pillars of sustainability: social, environmental, and economic. The city is achieving remarkable results with a 78% lower carbon footprint

Emaar Properties is thrilled to announce a significant expansion of its flagship residential development, The Oasis by Emaar, underlining its commitment to setting new benchmarks in luxury living. This prestigious project in Dubai now boasts a 108% increase in its lush landscapes, elevating the total development value from AED 34 billion to an astounding AED 73 billion. The Oasis by Emaar, originally launched as one of Dubai’s largest and most distinguished developments, established a new standard in upscale living with exceptional architectural design and interiors by renowned global talents. Commenting on this ambitious project, Mohamed Alabbar, founder of Emaar Properties, said: “With

DAMAC Group has announced that the construction of its Mandarin Oriental Bolidhuffaru Reef Resort is advancing steadily under development in the Maldives. The 120-key project has made significant strides in its development, with the completion of the one-bedroom beach villa category structure. Concurrently, construction activities for the structure of the two-bedroom beach units and the back of the house are currently in progress. Moreover, the project is advancing with the construction of over 60 over-the-water villas and the development of the north and south jetties. The commencement of works for three and four-bedroom units, along with the initiation of ground preparation for

Mercure, part of Accor, a world-leading hospitality group, has expanded its portfolio in the Middle East region with the opening of the Mercure Dubai Deira where, it says, guests can experience the rich local heritage, tapestry of culture, and flavours of Dubai. Set in the heart of Deira, the hotel is conveniently located 15 minutes from Dubai International Airport. The property is located by the Gold Souk Metro station and Dubai Bus station allowing easy travel, while also being surrounded by the Deira Waterfront Market, Dubai Creek, the bustling Gold and Spice Souk and heritage museums. The hotel offers a variety of room

Dubai, a shining example of high-class life, always has a feast of real estate possibilities for buyers from around the world. Whether you are an experienced real estate owner or are just starting out, there are so many choices that it can be hard to know what to do. To ease the process of buying an apartment for sale in Dubai for you a bit, I compared Dubai's off-plan apartments with resale units in this article to help you with your real estate business journey. Let’s start with off-plan apartments Attractive pricing: People are often interested in off-plan houses that are priced well.

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has appointed Mace, the global consultancy and construction company, as the Project Manager for the second phase of its flagship Uptown Dubai district. Bringing its delivery expertise to the next phase of the development, Mace Consult will provide industry-leading project, programme and construction management services to one of Dubai’s most vibrant newly developed districts, Uptown Dubai. Mace will lead the delivery of Phase 2 of the Uptown District, comprising two commercial towers. The mid-rise towers will be 23 and 17 storeys, featuring approximately 70,000

Dubai’s residential market is increasingly turning into a seller market to cash in on the gains made over the past three-year rally in property prices. Industry insiders say the property price rally is showing signs of slowdown and growth reaching a plateau in the near future is prompting some investors to sell and invest in new upcoming areas that could offer better returns. Property prices in Dubai have increased multiple times, crossing the 2014 peak last year due to unprecedented demand witnessed in the post-pandemic period. Interestingly, buyers who bought property during the pandemic year have seen their assets’ prices appreciated by up