Business Blog

"We have received more than 20 requests from developers who wish to convert from office or mixed-use plots to hotel/ service apartments across all

"We have received more than 20 requests from developers who wish to convert from office or mixed-use plots to hotel/ service apartments across all

The Dubai-listed Dar Al Takaful on Thursday said it will raise paid-up capital by 50 per cent, or Dh50 million, to Dh150 million through right issues, plunging its shares by nearly 3.5% in the early morning trade today.

The Dubai-listed Dar Al Takaful on Thursday said it will raise paid-up capital by 50 per cent, or Dh50 million, to Dh150 million through right issues, plunging its shares by nearly 3.5% in the early morning trade today.

Though residents of Dubai may be complaining of the rental increases by their landlords, the second update of Real Estate Regulatory Agency's (Rera) rent index reveals only some freehold communities are witnessing rate increases.

The travel and tourism industry has joined the Google Glass technology revolution. The world’s first hotel booking app for the wearable technology, launched by online travel agency Destinia.com, was showcased in Dubai on Wednesday at Arabian Travel Market.