Fluctuations of key foreign currencies are statistically linked to Dubai property prices, according to a new study. Phidar Advisory’s mid-quarter research shows a significant relationship between the Indian Rupee, British Pound and Pakistani Rupee, and the emirate’s real estate rates. The report also shows that residential prices in the third quarter continue to decline. Meanwhile in the first quarter, transaction volumes for apartments were down by 28.2%, and by 8.6% for single family homes.
Summer rest stops ready for Dubai delivery riders
Dubai’s Roads and Transport Authority (RTA) has confirmed the full operational readiness of air-conditioned rest areas for delivery riders ahead of the summer season.
H.H. Sheikh Hamdan hails National Defence College for shaping future leaders
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has attended the graduation ceremony of the 13th cohort of the National Defence College in Abu Dhabi.
Suspects held after social media dispute turns deadly in Sharjah
Sharjah Police have arrested several individuals after a social media dispute escalated into a violent fight that left one person dead and another injured.
No Ebola cases detected in UAE, ministry confirms
The Ministry of Health and Prevention has confirmed there are currently no cases of Ebola in the UAE and says the country remains on high alert as it monitors global health developments.
