One of Dubai’s most affluent communities has registered a deal worth AED 93 million. A buyer paid nearly AED 2,300 per square foot in Emirates Hills, despite a report showing Dubai’s real estate market is slowing down. Real estate investment and advisory firm JLL MENA say residential prices have dropped by 11% over the last year, and rental prices are also decreasing. The downtrend is expected to continue for the rest of the year.
Some UAE carriers extend flight suspensions to Kuwait, Bahrain
Some UAE carriers have extended suspension of flights to Bahrain and Kuwait amid escalating regional developments.
H.H. Sheikh Khaled witnesses launch of AED100 billion Marsa Al Saadiyat project
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has witnessed the launch of Marsa Al Saadiyat, a development project valued at AED100 billion and spanning across 6.4 million square metres.
H.H. Sheikh Mohammed promotes over 6,500 security service personnel
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, has approved the promotion of 6,526 members of the Dubai security services.
UAE strongly condemns Houthis for threatening maritime blockade on Saudi Arabia
The UAE has strongly condemned the Houthi group for threatening to carry out maritime blockades against Saudi Arabia.
