Rents remain stable and sales are down, according to a new Dubai property report. CBRE’s Q3 2015 figures show sales rates declining around 2% from Q2 and around 6% year-on-year. When it comes to rents the global real estate advisor reveals that average rentals, within the residential sector, remained stable although affordable locations saw some growth. Another finding from the report details how the growing resident population has driven robust growth in the Dubai retail sector.
UAE launches world's first fully integrated AI-powered judicial platform
The United Arab Emirates has launched the first fully integrated judicial platform powered by artificial intelligence (AI).
UAE President and Greek Prime Minister discuss boosting trade ties
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Greek Prime Minister Kyriakos Mitsotakis have discussed ways to strengthen cooperation across key sectors, including economy, AI, tech and renewable energy.
ERC's 'Water Aid' initiative to reduce impact of extreme weather in UAE, abroad
The Emirates Red Crescent (ERC) has launched a "Water Aid" initiative, with an initial investment of AED11.5 million, to protect the public from extreme weather conditions.
Dubai rolls out traffic upgrades on two key roads
Dubai’s Roads and Transport Authority (RTA) has added new lanes and upgraded entry and exit points on Ras Al Khor Road and Al Khail Road to cut travel time by 20 per cent during peak hours.
