Air India
April 18, 2023

Increased Air India Express flights account for the sudden drop in fares for UAE-India travel during Eid.

Air India Express has responded to the high demand for air travel during this period by adding more flights to its existing routes, and introducing new routes connecting cities in the UAE to cities in India

Union Properties
April 18, 2023

Union Properties has reached a settlement of Dh620 million with its former chairman and other members of the board.

The settlement of the legal disputes between Union Properties and its former leadership is a positive development for the company, allowing it to focus on its core business operations and execute its new strategy aimed at diversifying its revenue streams and expanding its presence in international markets.

Emaar
April 18, 2023

Emaar, based in Dubai, has approved dividends equivalent to 25% share of capital and is optimistic about the year 2023.

Emaar, one of the largest real estate developers in the Middle East, has approved dividends worth 25% of its share capital.

Dubai Metro
April 18, 2023

Real estate prices for buildings located within a 10-15 minute walk from the Dubai Metro have surged by up to 77%.

Dubai Metro’s proximity to residential buildings has become increasingly attractive to buyers and renters, leading to a surge in prices of up to 77% over the past five years.

Sharjah
April 18, 2023

In the first quarter of 2023, Sharjah saw 21,486 real estate transactions amounting to Dh5.9 billion.

The first quarter of 2023 witnessed a strong performance by the real estate sector in Sharjah, reflecting confidence from investors and stability in the market.

Sakani
April 17, 2023

In Q1 2023, 28,000 families benefited from Saudi Arabia’s Sakani Program.

Sakani Program is one of the largest housing initiatives in the world, providing 1.5 million housing units by 2025 and making a significant impact on Saudi Arabia’s housing shortage.

KPMG
April 17, 2023

According to the Financial Times, Dubai has instructed KPMG to pay $231 million due to their audit of Abraaj fund.

KPMG has been hit with a hefty fine of $231 million due to their inadequate audit of the collapsed private equity firm Abraaj.

UK
April 17, 2023

UK-based bank accounts can now be opened by UAE residents.

The new partnership between Al Hilal Bank and BLME is expected to provide significant benefits to UAE residents and UK-based financial institutions alike.

Dubai landlords
April 17, 2023

As rates surge by 30% this Eid and are set to rise by 50% next weekend, Dubai landlords are profiting from short-stay rentals.

Dubai Landlords have been quick to capitalize on the short stay rental trend, offering their properties through platforms like Airbnb and Booking.com and charging up to 30% more than usual during peak times like Eid.

M42
April 17, 2023

Mubadala and Abu Dhabi’s G42 have teamed up to create M42, which has plans for global expansion.

M42, a joint venture between Mubadala and G42, is a major development in the global technology landscape.

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