Man pays Dh4,500 for forged rent contract to sponsor wife, arrested

Accused admits forging documents Five Asians, three Indians and two Bangladeshis, allegedly forged a tenancy contract of Ajman Municipality to bring one of the accused’s wife on a residence visa to the UAE, the Dubai Criminal Court heard on Wednesday. AB, 54, sales executive, asked MB 45, salesman, to arrange a tenancy contract to attach…

Shah Rukh Khan-backed affordable housing project takes off in Dubai

Texture awards first construction contract, townhouse completion by Q3 2017 Work on Shah Rukh Khan-promoted Dh2.3-billion Royal Estates, an affordable housing project, in Dubai has finally begun. exture Group, the current owner, has awarded the first construction contract to Armada Contracting for townhouses in the massive development coming up in Dubai Investment Park. “Work has…

Dhs1.2 billion Nakheel Mall takes shape on Palm Jumeirah Dubai

nakheel mall construction

The Dhs1.2 billion Nakheel Mall is taking shape in Palm Jumeirah, with construction approaching 50 per cent completion. 4.5 million square foot retail, dining and entertainment destination by Nakheel has three underground parking levels, with 4,000 spaces, are nearly complete, with the overall superstructure due to be finished in Q3 this year. Work is also…

Rents in Dubai falling? Not in these localities

With the stagnation of global growth and liquidity crunch caused by low oil prices, many economies around the world have had to readjust their financial forecasts. Be it banking or real estate, each sector is negotiating decreasing demand, forcing stakeholders to look for areas still offering some room for growth. The lessened demand from international…