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 condemns renewed Iranian attacks on Bahrain, Kuwait, Jordan
The United Arab Emirates has condemned the renewed Iranian attacks targeting Bahrain, Kuwait, and Jordan with missiles and drones.
Five more UAE aid convoys enter Gaza carrying 980 tonnes of relief aid
Five UAE humanitarian aid convoys have entered the Gaza Strip this week through 62 trucks carrying 980 tonnes of relief supplies under Operation Chivalrous Knight 3.
RTA approves five-year plan to expand soft mobility network
Dubai's Roads and Transport Authority (RTA) has approved a five-year plan to expand the emirate's soft mobility network, such as pedestrian crossings and cycle lanes, through to 2030.
UAE calls for immediate de-escalation following recent regional developments
The UAE has expressed its deep concern over the developments that the region witnessed over the past few days, calling for an immediate halt to the escalation to avoid worsening tensions and instability in the region.
UAE Public Prosecution expands investigation into false Dubai explosion report
The UAE Public Prosecution has expanded its investigation into the publication of the false report claiming explosions were heard in central Dubai.
