The United Arab Emirates has announced the lowest fuel prices of 2024, making December a particularly affordable month for drivers. The updated prices for December reflect a modest dip compared to November, with petrol variants Super 98, Special 95, and E-plus 91 offering savings of AED 0.04 to AED 0.08 per liter.
Fuel Price Breakdown for December 2024:
Super 98: AED 3.74
Special 95: AED…
The United Arab Emirates (UAE) has achieved a landmark financial milestone with the total market capitalization of its listed stocks surpassing $1 trillion. This remarkable feat highlights the success of the country’s strategic economic reforms and its ambition to position itself as a global financial powerhouse.
The surge in valuation has been driven by several key factors. Initial public…
The Dubai real estate market reached a new milestone in September 2024, with both transaction volumes and the value of sales hitting unprecedented highs. A total of 12,470 off-plan property transactions were recorded during the month, reflecting a remarkable 40.5% increase from September 2023. The total value of these transactions reached $7.62 billion, representing a 31% year-on-year…
In recent years, the real estate market in Gurugram (Gurgaon) has witnessed remarkable growth, drawing comparisons with Dubai’s property market. Both cities have become significant hotspots for real estate investment, but what is driving this surge in Gurugram’s property prices, and how does it stack up against Dubai’s luxury-driven market?
A Rise in Demand: Gurugram’s…
India is set to attract $100 billion in investments from the UAE over the next few years, according to Commerce and Industry Minister Piyush Goyal. The move aims to deepen economic ties between the two countries and accelerate growth across various sectors. With both nations benefiting from a Comprehensive Economic Partnership Agreement (CEPA), the collaboration seeks to bring transformative…
On October 7, heavy rains swept through Sharjah, Fujairah, and Ras Al Khaimah, causing flash floods and waterfall flows on Ras Al Khaimah’s Jebel Jais. The National Centre of Meteorology (NCM) had earlier issued alerts due to anticipated storm activity.
Flooded Roads and Waterfalls
The rain led to extensive flooding, especially on roads in Sharjah. Social media captured the dramatic moment…
Dubai’s Global Village is back with an exciting lineup of new attractions for its 29th season, set to open on October 16. Known for its multicultural ambiance, Global Village will introduce an all-new Restaurant Plaza featuring 11 two-story restaurants that offer panoramic views and a diverse range of cuisines. The plaza will host live performances, adding an extra layer of entertainment to the…
As Dubai’s real estate market continues to grow, tenants in affordable housing are feeling the impact of rising broker commissions. Traditionally, renters were able to find reasonably priced properties without the burden of hefty agent fees. However, recent trends indicate that broker commissions are climbing, especially in budget-friendly areas like Jumeirah Village Circle and Dubai Sports…
MAG Lifestyle Development has recently launched its newest addition to Dubai’s real estate landscape: the MAG 777, a 22-storey luxury tower at Dubai Sports City. This AED 350 million ($95.2 million) project represents a bold move in the city’s upscale residential offerings, promising a blend of modern living and premium amenities that appeal to both professionals and families alike.
A New…
Dubai is set to host a prestigious auction on October 21, 2024, featuring an exquisite selection of jewellery, gold, diamonds, and luxury watches. This exclusive event, organized by Christie’s, promises to be a spectacular showcase for collectors and enthusiasts alike.
A Glimpse into the Auction
The auction will take place at the Dubai International Financial Centre and will present over…
