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.
UAE aid ship reaches Egypt with vital supplies for Gaza
The UAE Humanitarian Ship, carrying 7,200 tonnes of food, shelter and medical supplies, has arrived at Egypt’s Port of Al Arish, ahead of its transfer to the Gaza Strip to support urgent relief efforts.
Dubai strengthens emergency preparedness with strategic partnerships
The Dubai Resilience Centre has signed three key agreements to boost the city’s emergency preparedness and crisis response capabilities.
Dubai sets global benchmark for urban governance with new accord
Dubai Municipality has unveiled the Dubai Declaration on the Future of Urban Governance, a landmark global accord launched at the 15th Asia Pacific Cities Summit, hosted at Expo City.
H.H. Sheikh Mohammed unveils MBR Endowment District
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister and Vice-President of the UAE and Ruler of Dubai, has unveiled the MBR Endowment District that will be built at a cost of AED 4.7 billion.
