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 calls for immediate de-escalation following recent regional developments
The UAE has expressed its deep concern over the developments that the region witnessed over the past few days, calling for an immediate halt to the escalation to avoid worsening tensions and instability in the region.
UAE Public Prosecution expands investigation into false Dubai explosion report
The UAE Public Prosecution has expanded its investigation into the publication of the false report claiming explosions were heard in central Dubai.
UAE leaders mark Union Pledge Day by renewing commitment to nation's unity
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages on social media to mark Union Pledge Day, "renewing commitment to the principles of unity established by the late Sheikh Zayed and his brothers".
UAE delivers medical convoy to WHO in Gaza
UAE's Operation Chivalrous Knight 3 has provided the World Health Organisation (WHO) with a new convoy of medicines and medical supplies to support the healthcare system in the Gaza Strip.
