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Revealed: how luxury Dubai property market compares globally

Luxury property prices in Dubai have fallen by 3.8 percent on average over the past year, according to new research by real estate consultancy Knight Frank. Its Prime Global Cities Index, Q3 2018 report ranked Dubai 39th out of 43 luxury real estate markets analysed. It said prime property prices in the emirate have fallen…

UAE jumps 10 places in World Bank’s ease of doing business list

The UAE climbed 10 spots to 11th place in the World Bank’s annual ease of doing business ranking, following a package of reforms in the past year that boosted the country’s economic competitiveness. “A continuous and focused reform agenda keeps an economy competitive and vigilant,” the World Bank said as it published the 2019 report…

UAE’s business optimism surges on improving economic fundamentals

Dubai: The vast majority of businesses in the UAE are optimistic on their outlook for the next one year thanks to the improving macro-economic environment of the country and the region, according to a survey of business by HSBC. The study ‘Navigator: Now, next and how for business’ covered 8,500 companies in 34 markets around…