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World Discus Hotel - Dubai Underwater Hotel

Drydocks World to build Underwater Hotels in Dubai

By on May 2, 2012 in Dubai Hotels, Living in Dubai

Underwater Hotels are the next big thing in luxury resort business, not to mention top tourist attraction. Residents and visitors of Dubai will soon have another luxury at their disposal, as underwater hotels are soon coming to Dubai. Arabian Business reports that Drydocks World, the shipbuilding arm of Dubai World, has announced plans to build […]

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Nakheel to split from Dubai World by June

Nakheel to split from Dubai World by June

By on May 18, 2011 in Business in Dubai, Living in Dubai

Nakheel will be carved out of parent company Dubai World and become a government-owned entity by June, when its efforts to restructure $10.8bn in debt will be complete. The indebted developer was at the heart of the debt problems suffered by its parent company Dubai World, which roiled global markets in November 2009 when it […]

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House prices in Dubai approaching bottom

House prices in Dubai approaching bottom

By on March 11, 2011 in Business in Dubai, Living in Dubai

Real estate prices in Dubai’s battered property market are bottoming out more than two years after the financial crisis sparked a slump that devastated values, an analyst has said. Fifteen months on from the Dubai World debt crisis, which saw the state-owned conglomerate seek to alter terms on $24.9bn of debt, investor appetite is picking […]

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Historic Day for Dubai as Al Maktoum International airport receives first flight

By on June 22, 2010 in Business in Dubai, Dubai Transport, Featured, Living in Dubai

It was a historic day for Dubai when first test cargo flight landed at Dubai World Central-Al Maktoum International airport, giving the green light for operations to begin next Sunday. Emirates Flight EK9883, a Boeing 777 freighter operating Hong Kong-Dubai and piloted by Captain Ahmad Bin Huzaim and First Officer Nabil Yousuf Ahmad Mohammad Rai […]

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