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Executive Tower units handed over

By EBR Bureau

Dubai Properties has commenced the handover of 2,387 high-end units at the residential and commercial towers of the highly anticipated Executive Towers development, located in Business Bay. The first venture from Dubai Properties Group to be delivered in Business Bay, The Executive Towers offers a unique upscale lifestyle in the heart of Dubai, an extraordinary environment to work, live and play. The exclusive new community is conveniently located adjacent to both the arterial Sheikh Zayed Road and Al Khail Road... »


SMEs expected to drive growth in UAE realty

By EBR Bureau

Small and medium enterprises (SMEs) could drive demand for both office space and affordable residential property in the UAE if they can secure bank loans to finance start-ups, provide working capital and investment for expansion and growth, according to an industry expert. “It is widely accepted that SMEs account for approximately 80 per cent of the UAE’s economic activity, which means... »

Kele Contracting to work on Hydra Towers

By Clark Paxton

UAE-based master developer Hydra Properties has selected Kele Contracting as its lead construction contractor for Hydra Towers, a series of five high-rise buildings in Business Bay, Dubai. Kele Contracting, which has worked with Hydra Properties on pre-tender construction and planning, has already commenced work on site. All enabling work, including shoring, piling and excavation activities, has been completed and the... »

Dubai Properties, Dubai First launch community-oriented credit card

By Clark Paxton

Dubai Properties Group (DPG), a member of Dubai Holding, and Dubai First, a Dubai Group company, have partnered to launch the first co-branded Platinum credit card in the Middle East and North Africa region for a residential community. Launched in association... »

Sweet Homes to maintain unit prices on real estate projects

By Clark Paxton

UAE-based real estate developer and multi-service provider Sweet Homes has announced that it is maintaining the prices of its property units despite the current slowdown of the global economy. The developer also reiterated its focus on construction to meet high... »

Market correction measures facilitate improvement in UAE realty

By EBR Bureau

Ongoing corrective measures have transformed the UAE’s property trade into an end-user market, The Specialists, a real estate solutions provider has observed. The Specialists has noted that more real estate developers and owners are shifting their sales strategies away from speculators... »

Governments lost $162.2m in taxes due to illicit tobacco trade

By EBR Bureau

British American Tobacco Middle East is hosting a two-day conference for key stakeholders across the region to help tackle the issue of illicit tobacco trade. Taking place in Beirut, Lebanon, the conference will shed light on different experiences in combating... »

VW Group’s global market share up at 11pc, sales down to 1.39m cars

By Clark Paxton

The Volkswagen Group increased its global market share in the first quarter of this year in spite of the continuing difficult situation on automobile markets; from January to March, the share rose to 11.0 (9.7) per cent. The Volkswagen Passenger... »

Predatory business practices net Intel €1.06b fine, AMD comments

By Clark Paxton

The European Commission has found Intel guilty of abusing its dominant position in the global x86 microprocessor market, saying that “Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips... »

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