For those that have been scanning the real estate headlines so far in 2023, one thing has become abundantly clear – Dubai remains an unstoppable juggernaut. In the first six months of the year, the city earned the crown of the world’s busiest luxury property market, surging well ahead of New York and Hong Kong…
Category: Real Estate
UAE President renews call for truse in Israel-Gaza conflict at GCC-ASEAN Summit
GCC and Asean leaders pose for a group photo after the summit in Riyadh, Saudi Arabia, on Friday. WAM President His Highness Sheikh Mohamed Bin Zayed Al Nahyan has led the UAE delegation participating in the joint summit between the Gulf Cooperation Council (GCC) and the Association of Southeast Asian Nations (Asean) in Riyadh. The…
Migrant workers toil in perilous heat to prepare for Cop28 climate talks in UAE …
Migrant workers in Dubai have been working in dangerously hot temperatures to get conference facilities ready for world leaders attending this year’s international Cop28 climate talks, according to a new investigation. FairSquare, a human rights research and advocacy group, obtained evidence of more than a dozen migrant workers from Africa and Asia labouring outside at…
Real estate in China, carbon credit in the UAE, raising debts in Italy
The Soapbox is a weekly news column rounding up stories worth reading for a global university. (Illustration by Max Van Hosen) In China, largest real estate developer misses debt payments Chinese real estate developer Country Garden announced that it will miss payment for overseas debt to the Hong Kong Stock Exchange. The real estate titan…
MGM CEO Expects 4 UAE Casinos Will Be Allowed
Skift Take Bill Hornbuckle predicts up to four UAE casinos will be licensed, he is hoping to be one of the chosen few, as are his rivals over on Marjan Island in Ras Al Khaimah. Josh Corder The CEO of MGM Resorts has shared his expectation that the UAE could greenlight up to four casinos,…
The Impact of Expo 2020 on Dubai’s Property Market
Share Tweet Share Share Email Dubai, often dubbed the “City of Gold,” has garnered international acclaim for its cutting-edge architecture, luxury living, and thriving real estate market. The impending Expo 2020, a global mega-event slated to occur from October 1, 2021, to March 31, 2022, is poised to…
GFH Partners Acquires $150 Mln Assets in Saudi Arabia, UAE
GFH Partners completed the acquisition of a diversified logistics and industrial portfolio worth $150 million in Saudi Arabia and the UAE. The portfolio comprises income-generating assets and opportunities for real estate development, in the logistics and industrial zones strategically located in Riyadh and Dubai. It encompasses various facilities such as light industrial and cold storage…
Dozens of cats left to die in Abu Dhabi desert, prompting outcry
Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi, UAE CNN — A group of United Arab Emirates residents has found more than 140 cats dumped in a desert lot in the capital Abu Dhabi,…