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The residential rentals in Dubai declined by 3 percent during the second quarter of the year, says the latest ADIB/MPM Properties Real Estate report.
More than 300 new jobs have opened up in Al Futtaim Group across its various business divisions.
As per the PwC Report, UAE can grow into a world-class leisure and entertainment destination and compete against cities such as Singapore, Orlando and Hong Kong, if it takes a holistic approach to exploit its unique geographical positioning, high quality attractions and investment in infrastructure.
Emphasizing on Vision 2021, the countrys strategy which gives top priority to happiness and welfare of UAE residents and nationals, HH Shaikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai, affirmed that the country will continue to invest in qualitative development and value-added projects that ensure quality lifestyle for its nationals, residents and visitors alike.
According to an economist, the cost of living in Dubai is already showing signs of slowing down and consumers can breathe a sigh of relief.
According to recruitment agencies, the corporates are struggling to retain their top performers, and hence, the job market has once again shifted in favour of job seekers.
Al Barari, the Dubai-based developer has announced the launch of Ashjar 2, a collection of 84 exclusive residences that offer the best of community and family living, coupled with world-class amenities in Downtown Dubai.
Salary hikes for most UAE employees will be nominal this year, although for certain sectors, the staff is likely to get better hikes than others.
Dubai and Istanbul are among the top cities in the Middle East with maximum high net worth individuals (HNWIs), according to The 2014 Middle East Wealth Report published by New World Wealth.
A Polish architect is planning designs for an underwater tennis centre located off the Dubai coast and is now planning investment from local bankers to make the concept a reality.
The Dubai Hills Estate, a joint venture of Emaar Properties and Meraas Holding, located in Mohammed Bin Rashid City (MBR City) has unveiled Maple, its first townhouse community.