DLD releases first-ever residential rental performance index for Dubai
The Dubai Land Department (DLD), in collaboration with Property Finder, has released the first edition of Dubai's first-ever official Residential Rental Performance Index (RRPI). The January 2022 total monthly index was 0.938 and the index price was AED 51,101. The monthly index for apartments was 0.943 and the index
DP World acquires 100% stakes in Imperial
Imperial Logistics Limited (Imperial) and DP World Logistics FZE (DP World) have announced that all preliminary conditions on DP World's offer to acquire 100% of Imperial have been met. The transaction will be completed on March 14, 2022. "We are pleased to complete the transaction, which will add value to
Emirates and the Tourism Authority of Thailand sign agreement
Emirates announced its support for tourism development in Thailand by signing a Memorandum of Cooperation with the Tourism Authority of Thailand (TAT). According to the agreement, the tourism authority and the Emirates will explore joint initiatives and opportunities for cooperation that will enhance each side's marketing and promotional efforts to
DEWA’s electricity and water customers increase in 5 years
The Dubai Electricity and Water Authority (DEWA) announced that the number of electricity accounts reached 1,061,476 by the end of 2021, compared to 752,505 accounts by the end of 2016, an increase of 41%. The number of water accounts reached 960,032 bills by the end of 2021, up from
Dubai Maritime City launches AED 140 million project
Dubai Maritime City (DMC), DP World's purpose-built maritime center, has announced a major AED 140 million project to develop its infrastructure. The project is part of an ongoing effort to develop Dubai's economy and improve the efficiency of the logistics sector. The new infrastructure project, launched as part of DMC's
UAE Tour comes to Dubai for penultimate stage on Friday
Expo 2020 Dubai will take center stage on Friday when the only UCI WorldTour race in the Middle East, the UAE Tour, comes to Dubai for its sixth and penultimate stage, which will start and finish on the Expo grounds. The 180-kilometer Expo 2020 Dubai Stage will take 140 cyclists
in5 launches space for investors to stimulate investment and entrepreneurship in the region
in5, TECOM Group's platform for technology, design and media entrepreneurs, announced the opening of a brand new dedicated space for angel investors, venture capitalists and institutional investors in the heart of the in5 Technology Center in Dubai Internet City. Expanding on in5's existing offerings, the permeable space will allow investors