Fluctuations of key foreign currencies are statistically linked to Dubai property prices, according to a new study. Phidar Advisory’s mid-quarter research shows a significant relationship between the Indian Rupee, British Pound and Pakistani Rupee, and the emirate’s real estate rates. The report also shows that residential prices in the third quarter continue to decline. Meanwhile in the first quarter, transaction volumes for apartments were down by 28.2%, and by 8.6% for single family homes.
UAE foreign minister holds diplomatic talks on regional developments
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has discussed the latest developments in the Middle East during a series of phone calls with regional and international counterparts.
UAE President, Kuwaiti Emir discuss stronger bilateral ties
The UAE and Kuwait have reaffirmed their commitment to closer economic and development cooperation following talks between President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Kuwaiti Emir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah.
UAE strengthens power grid resilience with national monitoring centre
The UAE has launched a monitoring centre to strengthen the reliability and resilience of its electricity network through real-time tracking and coordination across all major power providers.
Abu Dhabi student crowned UAE champion of Arab Reading Challenge
Grade 6 student Danah Adel Al Zarouni has been crowned the UAE Champion of the 10th Arab Reading Challenge and will go on to represent the country in the overall finals.
UAE strongly condemns renewed hostile Iranian attacks on Bahrain, Kuwait
The UAE has strongly condemned hostile Iranian attacks targeting Bahrain and Kuwait for a second night in a row, calling it a "threat" to regional security and stability.
UAE, Germany explore ways to expand cooperation across key sectors
The UAE and Germany have underscored the importance of public-private sector partnerships in key sectors and explored ways to enhance cooperation in energy, water technology, mobility, digital infrastructure and space.
UAE President arrives in Kuwait on fraternal visit
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has arrived in Kuwait on a fraternal visit.
UAE condemns hostile Iranian attack on Saudi tanker
The UAE has strongly condemned the hostile Iranian attack targeting Saudi Arabia's 'Wedyan' tanker while it was transiting the Strait of Hormuz.
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