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Dubai Residential Price Index Registers Overall Flat Values For November, With New Gains In A Few High-End Locations (8 December 2016)
The Views as well as Discovery Gardens. Property values in Motor City are now being recorded at only 5.2% lower than their 2014 peak. Conversely, some areas saw a monthly price drop that averaged -1.2% for both villas and apartments.

HIPA To Host ’Soorah Challenge’ Photo Competition For Children At Meet d3 (8 December 2016)
The Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award, HIPA, is set to host a photography competition for children up to the age of 12 at Dubai Design District’s Meet d3.

Islamic Development Bank Lists US$1.25 Billion Sukuk On Nasdaq Dubai (8 December 2016)
The Islamic Development Bank, IDB, listed a US$1.25 billion Sukuk today on Nasdaq Dubai, the region’s international financial exchange.

Countdown Begins For AED1 Million Fazza Championship For Youllah (8 December 2016)
The 17th edition of the Fazza Championship for Youllah (folk art) will begin in the Al Meydan quadrant at Global Village this Friday evening.

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Aviation Industry Generates More Than $2.7 Trillion In Global GDP, Employs Over 63 Million People

According to ICAO, aviation operations generate more than $2.7 trillion in global gross domestic product (GDP) and provide employment for more than 63.5 million people worldwide. Fang Liu, the Secretary-General of the International Civil Aviation Organisation (ICAO), said that the Organisation, in its 70 years of service, has supported the development of over 12,000 civil aviation Standards and Recommended Practices that have helped to align the regulations and operations of different countries and cultures around the world and enable air transport's "truly global reach."


Many Dubai Freehold Communities Provide Big Yields For Investors Despite Under-Pressure Rental Values - Propertyfinder Trends, Reports

Some of Dubai’s newer freehold districts offer property investors among the highest yields globally despite a difficult 2016 for the emirate’s rental and sales markets, a pioneering report by Propertyfinder Group shows. The report reveals apartments in most of propertyfinder’s top 20 Dubai neighbourhoods posted small sales price declines this year, including JBR (-2.4%), Dubai Marina (-2.8%) and Downtown (-3.3%). Silicon Oasis, Motor City and Business Bay made small gains. These movements, which don’t necessarily lead to similar changes in rents, have impacted yields.


PMI Signals Stronger Growth To End Three-Month Slowdown

The UAE’s non-oil private sector regained some growth momentum in November, thereby reversing the slowing trend seen in each of the prior three months. A robust expansion of new work was a key factor behind improving business conditions. Stronger demand also contributed to faster job creation and a marked rise in purchasing activity. Output also increased sharply, albeit at a slightly weaker pace than in October. On the price front, charges continued to fall in spite of higher purchasing costs. Some panellists indicated that they had offered discounts as part of sales initiatives.


Dubai SME supports Hatta Development Plan

Dubai SME, an agency of the Department of Economic Development in Dubai, has committed to funding numerous projects in Hatta for the region's Comprehensive Development Plan, launched by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. Funding the projects supports the directives of Sheikh Mohammed to provide incentives for young Emiratis to become entrepreneurs and start their own businesses. Two of these talented young Emiratis are Manei Al Kaabi, who has launched the first honey factory in Hatta, and Khalfan Al Bedwawi who will launch a sports project that will turn Hatta into an international destination for kayaking.


Environment Ministry and GGGI bring students together on innovation and climate change

The Ministry of Climate Change and Environment and the Global Green Growth Institute, GGGI, recently held a one-day seminar for students on climate resilience and its links to innovation With the UAE having recently concluded its participation in climate talks held at COP22 in Marrakech, the seminar titled 'Building on the UAE Innovation Week', was attended by over 45 students from various academic backgrounds who took the opportunity to engage with local and international experts on innovation and to hear the latest trends both in the UAE and around the world on the fight against climate change. 


Indego @ Grosvenor Hotel
Fancy a five star Indian meal. Head straight to Indego. Great ambience, efficient service, good choice, a tad expensive!

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9:44:46 AM , 9 Dec 2016

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