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Dubai Water Canal to ‘transform boating industry in the UAE’

The newly-opened Dubai Water Canal project will change how boating is perceived in the UAE, according to the boss of a UAE-based superyacht builder. Erwin...

Dubai rent hikes: Discovery Gardens, Downtown put tenants under pressure

According to Asteco Property Management 's second half 2012 Dubai report, rents for one- and two-bed apartment in Discovery Gardens jumped 23 per cent on averge year-on-year. One beds are being leased for Dh45,000 per annum (pa), while two-bed are rented for Dh70,000 pa. Similarly, one- and two-bed units in Downtown Dubai, costing Dh80,000 and Dh125,000 pa, respectively, also saw average rentals rising 23 per cent in 2012 over 2011.

Business Bay sees high demand from multinational companies, following completion of...

Orion Holdings, a leading UAE real estate company, has revealed that multinational companies coming to the UAE look at Business Bay as the preferred destination to set up regional headquarters or UAE offices. This is based on daily enquiries received by Orion Holdings from multinational companies.