Payback date will be December 31, 2015; offer is one of three consolidation options on the table. Nakheel, the Dubai-based master developer, has restarted offering consolidation options to investors in Palm Jebel Ali projects, including the option of full reimbursement.

Political unrest and instability in nations such as Tunisia and Libya is expected to act as a boost to the property market in the UAE. The chief investment officer and acting general manager of private banking at Emirates NBD has commented on how situations in MENA countries will positively impact property investment in Dubai.

Deals were driven by tourism, energy and construction with financial services and infrastructure growing too Dubai: Investments between Turkey and the UAE reached $10 billion (Dh36.78 billion) in 2010, driven by tourism, energy and construction, according to the Turkish Ambassador to the UAE.

The developers of Dubai’s Dynamic Tower, where each of the 80 floors will be able to rotate independently, are keen to put the project back on track. The British firm is also working on unveiling similar towers across the Gulf countries, Emirates 24|7 has learnt.

DUBAI (Reuters) – Private sector business activity in the United Arab Emirates hit a series record high in February as new orders and output rose sharply, a purchasing managers’ survey showed on Thursday. The HSBC UAE Purchasing Managers’ Index (PMI), which measures the performance of the OPEC member’s manufacturing and services sectors, rose to 54.3[…]

Hop-on/hop-off will allow easy sightseeing Dubai The iconic attractions in Downtown Dubai, described as The Centre of Now, can now be accessed by visitors using luxury trolley buses, Emaar Malls Group announced yesterday.

nvestors looking to offload properties they have bought here in the UAE are known to use inventive schemes to lure buyers. However, one investor has now opted to offer her property on auction site ebay.

Dubai Maritime City, part of Maritime World, is participating at the 19th Dubai International Boat Show that is being organized at the Dubai International Marine Club from 1 to 5 March 2011, to showcase its multitude of capabilities. Dubai Maritime City is a multi-purpose development constituted to address the diverse range of maritime interests in[…]

DUBAI—Persian Gulf stock markets tumbled again Monday, hitting multi-month lows, as fast-spreading unrest in the Arab world threatened to disrupt the region’s oil monarchies. “Investors are now pricing in bigger political risk premiums as unrest spreads in the region. There was evidence of more foreign selling today,” said an equities trader in Dubai at investment[…]

Abu Dhabi: The government is calling upon private firms and government agencies that are planning to establish operations in Abu Dhabi to encourage their staff to stay in the capital, according to the latest report published by Jones Lang Lasalle. The move is aimed at reducing the level of commuting from Dubai and also supporting[…]