Stay on top of latest news, announcements and research related to Dubai’s real estate

Are you in the market for a new property? Purchase a property from Amlak Finance

For over two decades, Amlak Finance PJSC has been a key player in the evolution of the region’s...
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Dubai property investors hold back assets’ sale as prices increase

As the property prices recover in Dubai, investors are holding back the sale of their assets to...
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Dubai’s Guinness World record seeking One Za’abeel towers have their topping out

Dubai: Both towers making up Dubai’s next iconic project – the One Za’abeel – have been...
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Dubai-based Gulf Islamic Investments adds to its London assets with 60m pound West End deal

Dubai: The Dubai-based asset manager Gulf Islamic Investments (GII) has picked up its second...
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Aldar’s Noya Viva on Yas Island sold out within 48 hours

Aldar Properties has announced that Noya Viva, the second phase of its Noya development on Yas...
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UAE district cooling giant Tabreed can call in another $500m to ‘fuel growth’, says CEO

Real estate and property transactions in Dubai were valued at Dh3 billion this week, with the ...
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Dubai weekly realty deals top Dh5b

Real estate and property transactions in Dubai were valued at Dh3 billion this week, with the ...
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‘Incredible Q1’ for Dubai realty as affordable prices lure first-time buyers

Real estate and property transactions in Dubai were valued at Dh3 billion this week, with the ...
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Dubai Properties Recognised for 1/JBR at Cityscape Awards

Flagship development named best future medium- to high-rise residential projectDubai-UAE:...
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SPONSORED Offer from Peace Homes Real Estate: Pay 5 per cent and move into your dream home at Plazzo Heights

Real estate and property transactions in Dubai were valued at Dh3 billion this week, with the ...
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Arada begins handovers for 255 new homes in Aljada

Real estate and property transactions in Dubai were valued at Dh3 billion this week, with the ...
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Dubai Plan 2040: Up to 550,000 new property units required

According to the Dubai Statistics Centre, the supply of apartments and villas in Dubai is over...
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Dubai Land Department showcases initiatives at virtual edition of IREX India 2021

Real estate and property transactions in Dubai were valued at Dh3 billion this week, with the ...
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Azizi Developments delivers Mina on Palm Jumeirah

Real estate and property transactions in Dubai were valued at Dh3 billion this week, with the ...
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Egypt’s construction giant Orascom to hand out $27m as 2020 dividends

Dubai: Orascom Construction, one of the Middle East’s biggest names in projects, will be issuing...
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Azizi tests waters with Dh26.8m penthouse as Dubai’s luxury properties rise again

Real estate and property transactions in Dubai were valued at Dh3 billion this week, with the ...
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Another Dh100 million villa hits red-hot Dubai’s Palm Jumeirah

Dubai: The Villa Aurum is the latest Dh100 million home on the Palm, as more investors clamber on...
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Dubai realty transactions at Dh3 billion

Real estate and property transactions in Dubai were valued at Dh3 billion this week, with the ...
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Azizi tests waters with Dh26.8m penthouse as Dubai’s luxury properties rise again

Dubai: A villa on the Palm recently sold for Dh111 million – easily the priciest residential transaction in Dubai in the year so far. Now, a developer is testing the Palm waters to gauge what sort of buyer interest is there for a penthouse apartment, with a tag of Dh26.8 million. Azizi Developments has started handover of units at the Mina, and expects to nail a deal for the penthouse soon enough. “There are only two penthouses at the project – and I am keeping one for myself,” said Farhad Azizi, CEO. “The Mina handovers are happening at the best possible time… there is a fresh wave of interest for Palm properties. This is why we are quite confident about the chances of the second penthouse.” The Dh26.8 million unit takes up 3,002 square feet and 7,228 square feet of balcony/terrace space with a private rooftop pool. The Mina is the developer’s second project on the Palm, and is part of the 10,000 new homes it will be handing over this year in Dubai.
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GCC construction on recovery path; Dh8.8 trillion active projects

The GCC construction market is estimated at $2.4 trillion (Dh8.8 trillion) with around 21,000 active projects while $33.8 billion (Dh124 billion) worth of projects were completed last year, says a report.
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Dubai’s short-term property rentals will make a comeback

IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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UAE:More individual investors are going for off-plan properties

UAE’s off-plan properties are seeing high demand from individual investors, who are selling these units even before completion, according to a Property Finder report.
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Worst is over for Dubai real estate market

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Sharjah posts Dh3.5B real estate deals in February

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Dubai housing sector posts 7-year high monthly deals

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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How Palm Jumeirah is starting to emerge from Dubai’s property price downturn

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Dubai realty turning into seller’s market?

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Dubai housing sector posts 7-year high monthly deals

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Villa sold on Dubai’s Palm Jumeirah for over $30m

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Dubai’s residential property market on continued upward recovery trajectory

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Damac increases its stake in overseas subsidiary unit from 20% to 45%

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Dubai has second highest number of prime properties in world

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Dubai sees its costliest home deal in year to date – Palm villa sells for Dh111.25m

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Alef Group launches Al Mamsha Edge

Alef Group, a real estate development company in Sharjah, has announced the launch of ‘Al Mamsha Edge’, the latest phase of Al Mamsha project, consisting of distinctive one-bedroom residential units. Alef Group has also announced an exclusive limited offer to own a property in Al Mamsha Edge with a zero down payment and in less than one per cent monthly installments, with prices starting from Dh485,000. Al Mamsha Edge was launched under the slogan ‘Your Home, Your Style’, and includes 159 one-bedroom units with six different designs. It is located on Sheikh Khalid bin Sultan Al Qasimi Street, near Sharjah International Airport, the University City of Sharjah, and many other vital attractions and landmarks in Sharjah. Alef Group stated that Al Mamsha Edge is a qualitative addition to Al Mamsha project. The launch came as a result of the remarkable success of Al Mamsha, which is considered one of the pioneering projects in a distinctive modern lifestyle in the emirate of Sharjah due to the market revival and the increasing demand for units. The residential project is in line with Alef Group’s mission to launch quality projects with world-class designs, state-of-the-art amenities, and facilities, with stunning views, high-quality finishes, and ideal utilization of spaces. Al Mamsha Edge provides six options of modern designs for its residential units, all equipped with the highest quality international standards. They feature an open layout design supported by glass walls and double-glazed windows that insulate the sound and provide more safety for residents. Modern technology in the ventilation systems recycle and purify the air inside the unit, thus saving energy and reducing electricity bills. Al Mamsha Edge is distinguished by its stunning and picturesque view of the swimming pools, kids' play areas, open spaces, and water features, besides having private parking slots. Alef group carefully selected every detail, starting from the ceramics to the floors and walls. Everything has been carefully selected to invoke a touch of luxury, with modern Italian finishes for the kitchens and bathrooms using solid beech wood, which is characterized by its high resistance to shocks, and therefore it is the ideal choice in manufacturing furniture, as it makes home feels comfy and cozy. rohma@khaleejtimes.com
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UAE firm picks Paris to sign biggest ever real estate deal

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Dubai’s property market takes another shot at ‘crowdfunding’ and spending Dh2,000 to ‘own’ a home

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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UAE firm picks Paris to sign biggest ever real estate deal

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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The ‘price’ is right? GCC inflation to remain manageable in 2021

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Video: Dubai, the Middle East capital for luxury homes

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Dubai’s real estate market saw deals worth Dh6.7 billion in January

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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One Dubai developer does away with down payment – will others follow?

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Global airline body IATA plans COVID travel pass for end of March

London: Global airline industry body IATA said it would launch a COVID-19 travel pass at the end of March, bringing into use a digital system for test results and vaccine certificates which will help facilitiate international travel. IATA said on Wednesday that it was essential that governments start issuing their citizens with digital vaccination certificates which can then feed into its travel pass.
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Dubai doctor beats Covid in just 6 days, thanks to vaccine

Dr Mariam Zaidi works in the Covid ward of Burjeel Hospital for Advanced Surgery in Dubai. A...
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Dubai set to open huge new wholesale trading hub in April

It will discuss ways to improve the UAE's business environment and economy. The UAE leaders will...
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Dubai set to open huge new wholesale trading hub in April

Nakheel Malls, DP World partner to launch Souk Al Marfa which will feature 2,500 shops and...
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RAK Properties posts a net profit of Dh114 million in 2020

Dubai: RAK Properties PJSC posted a net profit of Dh114 million in 2020, compared to Dh93 million...
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Abu Dhabi-based Aldar reveals slight increase in profits

Abu Dhabi-based Aldar Properties has bucked the trend of UAE developers with a marginal increase of...
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Dh5 billion Idex deals on day 1 in Abu Dhabi

Sheikh Mohamed visited pavilions of companies and countries, and checked out the latest...
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Dubai’s Union Properties returns to profit after 2019 losses

Union Properties, the Dubai-based property developer, on Monday announced net profits of AED200...
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Dh3.3 b worth of Dubai property transactions made in just a week

The value of real estate transactions in the Dubai Land Department this week amounted to more than...
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Dubai property transactions at 7-year high, trend set to continue in 2021

Dubai's real estate witnessed massive activity at the beginning of the year as secondary/ready...
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Expo 2020 Dubai will be safe, thanks to Covid-19 vaccine

The Covid-19 vaccine is being rolled out at an precedented pace in human history. The world will be...
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Dubai receives new shipment of Pfizer-BioNTech vaccine

Dubai: Dubai Health Authority has received a new shipment of the Pfizer-BioNTech COVID-19 vaccine,...
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Abu Dhabi-based Aldar reveals slight increase in profits

Abu Dhabi-based Aldar Properties has bucked the trend of UAE developers with a marginal increase of...
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UAE Covid vaccine: 76% residents believe life will be back to normal in a year

About 62 per cent expressed confidence with the clinical trials.Seventy-six per cent of UAE...
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UAE Mars Mission: Hope Probe’s success makes headlines in world press with 12,000 media reports

Dubai: The Hope Probe’s successful arrival to Mars’ orbit garnered international media...
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Dubai: Going to the movies? Avoid these 5 mistakes

1 of 6While cinemas continue to operate in Dubai, you need to adhere to these guidelines.Image...
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Dubai home rents turn even more affordable – now at lowest levels since 2011

Dubai: Rents at some of Dubai’s most budget-friendly residential locations – Jumeirah Village,...
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UAE Covid vaccine: 109,587 residents vaccinated in 24 hours

The UAE has vaccinated 109,587 residents against Covid-19 in the last 24 hours.The country's...
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Dubai’s stalled skyscraper project Marina 101 close to getting new investor

Dubai: The stalled skyscraper project Marina 101 could – finally – be close to getting a new...
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UAE leaders congratulate Iran President on Revolution Day

President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent a message of congratulations to...
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UAE Hope Probe to send first Mars images in a week

The UAE’s Hope Probe is ‘healthy’ and settling well in its new home in the Martian orbit. And...
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Dubai’s stalled skyscraper project Marina 101 close to getting new investor

Dubai: The stalled skyscraper project Marina 101 could - finally - be close to getting a new owner, which, if it happens, will offer some much-needed relief to investors who bought units as far back as 2005. Banking and construction industry sources say that a Dubai-based investor has done due diligence on a possible buy of Marina 101 – a six-basement plus 101-storey structure (and 371 metres high). The project is at the 97 per cent completion stage, and estimates are that injecting another Dh100 million to Dh200 million could see it being fit for occupation. The Dubai Marina based project stalled after the developer, Sheffield Real Estate, ran up sizeable debts with lenders as well failed to meet payments to contractors. The identity of the new investor has not been revealed, but real estate and construction sources say that the buyer’s intent is quite clear and comes with the required funds at hand. Dubai authorities are also working on ways to fast-track clearance to revive stalled or cancelled projects and ensure investor interests get safeguarded. There had been past efforts to revive Marina 101, but there were always hurdles getting in the way. This time, everyone involved seems bullish about the deal coming through, sources add.
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Hope Probe: A mission to Mars that carries the Hope of humanity

The UAE is now hours away from capping a remarkable journey for Hope Probe, as the entire country begins the countdown to celebrating the historic moment the spacecraft arrives at the Red Planet. All eyes are now on the critical 27 minutes of Mars Orbit Insertion (MOI) — the most challenging manoeuvre of the mission, where precision is the key. But the scheduled entry of Hope Probe in the Martian orbit at 7.42pm on Tuesday will only be the beginning of a great journey for the future of the UAE and humanity — not the end. The Arab world’s first interplanetary mission will spend nearly two years surveying the planet’s atmosphere to study daily changes in Martian weather — joining an exclusive group of spacefaring countries and also offering the global scientific community rare insights into the Red Planet. The Hope Probe will therefore not only help propel a new generation of Emirati scientists and innovators but also serve as a role model of how nations can invest on a peaceful and prosperous future for humanity - Gulf News That last part will be made possible through three instruments that will be deployed by the Hope Probe in its study of Mars: an infrared spectrometer to analyse the temperature structure of Martian atmosphere, a high-resolution imager for measuring ozone levels, and an ultraviolet spectrometer to measure oxygen and hydrogen levels from a distance of up to 43,000km from the Martian surface. UAE’s contribution to the world Studying the Martian atmospheres will also allow for a better understanding of the Earth’s climate and pave the way for global scientific breakthroughs — which will be the UAE’s contribution to the world on the occasion of its Golden Jubilee. But the Hope Probe (Al Amal being its original Arabic name) and the Mars Mission mean much more for the UAE than being on the forefront of global research and knowledge. Designed, planned and supervised by 100 per cent Emirati skills, the Hope Probe is yet another glorious success in the UAE’s long list of achievements in a span of mere 49 years. Along with inspiring a region too often beset by turmoil, turbulence and sectarian strife, the Hope Probe also recalls the golden days of Arab scientific advances and serves as a strong reminder to Emirati and Arab youth that the relentless pursuit of knowledge makes the impossible possible. For the UAE has shown with the Mars Mission — as it has with the Barakah Nuclear Plant, Expo 2020, the Mohammad Bin Rashid Al Maktoum Solar Park, sending the first Emirati astronaut to space and countless other projects — that the future belongs to those who can see and plan for it. The Hope Probe will therefore not only help propel a new generation of Emirati scientists and innovators but also serve as a role model of how nations can invest on a peaceful and prosperous future for humanity.
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Over 85% of UAE investors upbeat about economy

Investors in the UAE are increasingly becoming confident about economic perspectives in the region...
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UAE economy to grow faster untill 2024: IIF

The UAE economy will post faster growth each year over the next three years, helped by a range of...
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Dubai records 51,414 real estate transactions worth over Dh175 billion in 2020

Dubai: Dubai’s real estate market continued to be attractive to local and global investors in...
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Dubai Economy issues 9% more licenses in January

Dubai Economy on Sunday said it issued nine per cent more new licences in January as the investors...
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Private developers in UAE can’t keep delaying project launches any longer and here’s why

Dubai: Go ahead and build – Private developers in the UAE are being told not to delay launching...
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100 things to do at Dubai Shopping Festival

In Dubai, the fun never stops, and what better way to mark the year-end than to indulge in one of...
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Sheikh Mohammed bin Rashid’s message after 15 years as Prime Minister

On January 4, 2006, Sheikh Mohammed bin Rashid became Ruler of Dubai, following the death of his...
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