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DAMAC puts on hold expansion plans

Focus on Dubai Projects Property developer Damac have announced profits of Dh500 million for the first nine months of this year, reported Gulf News...

Initiatives aiming at stabilizing market prices discussed

H.E. Sultan Bin Saeed Al Mansouri, Minister of Economy, chaired in his office today the fifth meeting of the economic coordination and cooperation...

“Rumours abound and this is one of many”

Suggestions have emerged over the past few days that the United Arab Emirates carriers could be considering tighter forms of co-operation. Rumors between Emirates...

The Big 5 begins

The Big 5, the Middle East's leading trade fair for the construction industry, kicked off on Sunday (23) . The worsening of the international financial...

Gold sales surge 56% in the UAE on lower prices

The UAE gold sales increased by 56% in the third quarter of the year to reach AED4.3 billion (US$1.17 billion) compared to AED2.8 billion...

RTA launches District Taxi and exempts Taxis from Salik Fees in...

Marking the celebrations of the 37th UAE National Day, Roads & Transport Authority (RTA) announced its decision to exempt all taxis from the...

Professional golfer Sam Torrance tees off at The Address, Downtown Burj...

Part of the DIFC Week Golf Championships  The Address, Downtown Burj Dubai is hosting Sam Torrance and other golfing professionals during the DIFC Week Golf...

New law will regulate Abu Dhabi’s real estate market

Abu Dhabi Department of Municipal Affairs is preparing a new draft law to regulate the real estate market in the emirate, according to Dr...

GE Consumer Industrial showcases energy efficient home automation technology in Dubai

1. Complements GE’s ecomagination initiative for sustainable developmentHo 2. HabiTEQ is a flexible solution for energy efficiency, safety and comfort in homes General Electric Consumer...

AMD set to release free software giving millions of ATI Radeonâ„¢...

1. December ATI Catalystâ„¢ driver release automatically switches on ATI Stream acceleration in ATI Radeonâ„¢ graphics cards found in millions of PCs 2. To...

‘Dubai Smile’ to become the seventh crossing across Dubai Creek

His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the design of the seventh crossing (Dubai Smile) across Dubai Creek, reported...

DAMAC introduses new payment plans

Property Consultant from DAMAC Properties told  DubaiChronicle.com that the company is introducing new more flexible and affordable payment plans, along with various  discounts....

Global economy enters recession

According Credit Suisse Group, the financial services company, headquartered in Zurich, Switzerland since 1856, the short-run outlook for the global economy is gloomy and...

Permanent property exhibition centre established

Property Outlet a concept of 24 Group 24 GROUP, outdoor media specialists and exhibition stand builders, is establishing a permanent exhibition centre where real estate...

Land Department says developers entitled to 30% of paid amount if...

The Land Department in Dubai established an interpretation for article no (11) of law no. (13) for the year 2008 in regards to...

General Electric showcases aluminum industry

GE’s Enterprise Solutions, Sensing & Inspection Technologies and Energy businesses to highlight modern technologies General Electric Company (GE) is showcasing its modern technologies and...

Strata Law to build real estate confidence says BCS

Regulatory improvements in the real estate sector like the new strata law, will help shore up investor confidence in UAE real estate and...

Government takes measures to protect the real estate sector

On Sunday the Dubai Government formed a high-level committee to tackle the impact of the financial crisis on the emirate's property market. The committee...