Dubai South Properties has announced the appointment of Al Turath Al Aseel Contracting for an AED 150 million contract towards the construction of South Living Tower, a luxury apartment development at The Residential District in Dubai South.
The project was launched in June this year with an attractive post-handover payment plan, following the huge demand for spacious apartments in Dubai South.
CEO of Dubai South Properties, Nabil Al Kindi, said, "The demand for residential apartments at Dubai South has been steadily growing over the past few years. Following the announcement of the new passenger terminals at Al Maktoum International Airport in April, we witnessed a notable surge in interest in housing, reflected in the higher sales and rental values for residential properties in Dubai South."
The project is expected to be completed by Q1 2027 and will feature 209 units, including studios, one, two, and three-bedroom apartments.
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, has approved the Union General Budget Plan for the fiscal year 2025.
Emirates has cancelled flights to Iran on Tuesday, until October 15, and said passengers with Tehran as their final destination will not be accepted for travel.
ADNOC Logistics and Services plc has announced it will distribute a cash dividend of $136.5 million (AED501.3 million) for the first half (H1) of 2024, the equivalent to 6.78 fils per share.
The Future Blockchain Summit 2024 is set to take place from October 13 to 16 at Dubai Harbour, with an expected 1,200 investors from over 50 countries.
Nike's ongoing struggles are giving Adidas a chance to keep taking market share from its larger US rival, but the German brand will have to work harder to keep shoppers interested in its key Samba and Gazelle terrace sneakers, experts say.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Highness Sheikh Saud bin Rashid Al Mu'alla, Supreme Council Member and Ruler of Umm Al Qaiwain on Tuesday.
Secretary-General of Gulf Cooperation Council (GCC), Jasem Al Budaiwi, affirmed the UAE has fulfilled all its commitments related to the GCC Railway project.