Dubai’s office market is showing signs of stability following a period of strong growth. That’s according to the Cluttons 2015/16 Winter Dubai Commercial Market Outlook report, which says that average rents have not changed across the city’s major submarkets and free zones. Faisal Durrani, head of research at Cluttons says while occupier activity is down in comparison to last year, limited amount of office stock has put pressure on rents in key locations and buildings.
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H.H. Sheikh Hamdan approves second AED 1.5bn economic incentives package
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister and Defence Minister, has approved an additional AED 1.5 billion support package for Dubai’s business sector.
UAE plans nationwide Eid celebrations for workers
The Ministry of Human Resources and Emiratisation (MoHRE) will organise Eid Al Adha celebrations for workers at 30 locations across the UAE.
Tow truck driver dies during unloading accident in Dubai
Dubai Police are urging recovery vehicle operators to follow strict safety procedures following the death of a tow truck driver in an unloading accident.
Dubai renames street after historic landmark
Dubai has renamed Al Faghi Street in Al Khawaneej to Sheikh Zayed Farm Street, in recognition of its historic role in the UAE’s Union story.
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