Business

Dubai luxury property boom: Jumeirah Golf Estates villa sells for record Dh110 million

Six-bedroom Jumeirah Golf Estates villa sets new Dh110 million residential price record in Dubai. Dubai’s luxury residential market has reached another milestone, with a Jumeirah...

UAE fuel prices: Second consecutive drop expected in August, but reduction may be limited

Lower crude oil prices are pointing to another reduction in UAE fuel rates in August, but analysts expect the decline to be limited as...

Dubai gold prices fall Dh4 after latest US Federal Reserve decision

24K gold drops to Dh487.50 after volatile July rally pushed prices above Dh500. Dubai: Gold prices in Dubai declined on Thursday morning, offering jewellery buyers...

Modon reports Dh2.2 billion H1 net profit as property sales surge to Dh26 billion

Revenue climbs 40% to Dh9.2 billion as Modon backlog doubles to record Dh65.4 billion. Dubai: Modon Holding recorded Dh26 billion in property sales during the...

TECOM Group investors to receive Dh440 million dividend after 9% profit growth

TECOM Group revenue exceeds Dh1.5 billion as occupancy reaches 97% and demand strengthens. Dubai: TECOM Group will distribute an interim cash dividend of Dh440 million...

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