Dubai’s residential rental rates are expected to decrease over the next 12 months. With over 20,000 additional units planned for completion this year, prices have already started to drop. According to the latest Standard and Poor's report, with government diversity taking place over the years, Dubai’s economy is less reliant on oil. Experts predict the economy to remain stable even with the price of oil dropping.
Gargash urges political approach to regional security
Anwar Gargash, diplomatic adviser to the UAE president, underlined the need for a long-term diplomatic approach to stability in the region on Saturday, and said some media coverage has misrepresented the country’s position, as tensions with Iran continue to escalate.
UAE authorities confirm weather conditions now stable in region
UAE authorities have confirmed that the period of unstable weather in the region has now finished with conditions expected to return to normal.
Ras Al Khaimah records highest rainfall of 244mm on Friday
Rainfall in various regions of the UAE on Friday reached significant levels due to the unstable weather conditions, with Ras Al Khaimah, Ajman and Al Ain recording the highest accumulations, according to the National Centre of Meteorology (NCM).
UAE respond to several missile and drone threats on Saturday
The United Arab Emirates air defences responded to several missile and drone threats on Saturday morning according to the Ministry of Defence and the National Emergency Crisis and Disaster Management Authority (NCEMA).
