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The Villa project: Dream turned nightmare
These investors who had bought off-plan properties in the $163 million (Dh599 million) The Villa project near Dubailand at the junction of Emirates Road and Al Ain Road say they have not got what was advertised. According to him, the original location for the development was supposed to be near Global Village, but it was moved by seven kilometres to the current location.
National Bonds looks abroad to diversify
National Bonds, which is owned by the Dubai Government, Emaar Properties, Dubai Bank and Dubai Holding, uses the proceeds to make investments. The company must give a minimum of 20 per cent of its overall profits to the bondholders, with the remainder divided among its shareholders.
Al Maktoum Airport passes final test – Sheikh Ahmed
The first flight to land at the new Al Maktoum Airport is a big step in Dubai’s aim to become the world’s “pre-eminent aviation centre”, a top official said on Monday.
DC prepares for Middle East expansion
DC Aviation is preparing to open its temporary hangar and fixed-base operation at Dubai World Central in the fourth quarter as part of the German company’s offensive in the lucrative Middle Eastern market.
FlyDubai Will Oust Indian Rivals From The Persian Gulf
As one of the intended key beneficiaries of Dubai World Central Al-Maktoum International Airport, FlyDubai will leverage its unique position as a new player on the field by forcing product, price and service to ensure that the likes of Paramount Airways, IndiGo, Kingfisher Airlines, Air India Express, SpiceJet and Jet Airways all feel the pain of its presence.
Ottawa is right on Emirates
Abu Dhabi is investing an additional €32-€40-billion in its airport; Qatar is investing €8.7-billion in the airport in Doha; and Dubai, assuming it can get the financing, has planned an investment of up to €26-billion in the Dubai World Central Airport.
Emirates Airline has ‘rethink’ and delays relocation
Emirates Airline will not move its operations to the new Al Maktoum International Airport until some time between 2022 and 2030, the airline’s president said.
Dubai airport passenger traffic up 22.6% in February
Dubai’s airport saw 22.6 percent growth in passenger traffic for February, versus the same month last year, driven by an increase in capacity through Western Europe, India and the Middle East routes.
