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 unveils AED 170 billion road, transport plan to ease traffic
The UAE has announced a AED 170 billion package of national transport and road projects to be completed by 2030, aimed at easing congestion and improving mobility across the country.
Dubai rolls out new taxi fares for app bookings
Dubai’s Roads and Transport Authority (RTA) has rolled out a new fare structure for taxis booked via smart apps, but the changes will not affect passengers hailing taxis directly on the street.
UAE moving fast towards 2031 national goals
The UAE has already achieved 67 per cent of its national goals under the "We the UAE 2031" vision — with six years still to go.
Ministerial Development Council reviews progress on national priorities
Major projects in infrastructure, energy and Emirati workforce empowerment topped the agenda at the latest Ministerial Development Council meeting.
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