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Anyone who has stood atop a skyscraper, be it New York’s Empire State Building or Dubai’s Burj Khalifa, can attest to the power of nature at such heights. Not only is the wind strong, it also behaves in complex ways when coming into contact with tall buildings, meaning there is more to building megastructures than…
Sustained demand for warehousing and logistics space takes tenant tally to 4,600 Dubai: Commercial leasing activity continues to be in an upbeat mode in Dubai, with Dubai Investments Park confirming that 100 new companies have either leased or subleased premises there in the last 12 months. This takes the overall tenant tally at the 2,300-hectare…
A decree issued this month to ensure that workers paid below Dh2,000 per month must be provided free housing by employers is not likely to push up costs of worker accommodation in the UAE, according to experts. The decree issued by the Ministry of Human Resources and Emiratisation states that any employer hiring more than…
The quality of real estate loans in the UAE has continued to improve despite sliding home prices, the IMF said, in a sign that the UAE is coping better with a real estate downturn than it did in the previous slump seven years ago. Dubai’s average residential real estate price plunged 11 per cent in…
Owning a home is a keystone of wealth… both financial affluence and emotional security.