Michael Fahy

However, rather than seeking trophy assets in Palm Jumeirah or Dubai Marina, the top three destinations of high net-worth individuals for residential purchases were The Springs, Bur Dubai and Deira.

The value of the UAE’s construction industry is set to increase to Dh181 billion in 2017 from an estimated Dh162bn this year, BMI Research said.

Liam Fox, who is part of the Vote Leave campaign seeking Britain’s withdrawal from the EU, said a so-called 'Brexit' would not have a major effect on the UK’s current foreign policy.

The Senaat chairman Hussain Al Nowais said that investments made in businesses such as Al Gharbia Pipe Company meant growth should continue.

Deal for firm employing up to 26,000 staff in India would grow EFS ahead of a potential float.

Unec is already building the first 1,100 homes at Town Square, with Beaver Gulf responsible for the first 1,050 townhouses

With Cityscape Abu Dhabi due to roll into the nation’s capital in April, we take a look ahead at the prospects for the city’s residential market over the next few months and the potential impact of the new property law.

Knight Frank identified seven major African countries that it said presented opportunities for investment in retail, commercial property, logistics and the hotels market, but buyers are warned to take great care.

People with income of Dh3,000-10,000 per month struggle to raise deposits and often fail to qualify for bank loans.

Lower oil prices have meant local banks have had to contend with fewer government deposits and worsening credit ratings at the same time as having to bolster capital buffers to meet international standards.