Dubai saw a 3.5 per cent decrease in occupancy to 82.5 per cent as well as double-digit drops in ADR (-11.6 per cent to Dh833.78) and RevPAR (-14.7 per cent to Dh687.63).
Dubai saw a 3.5 per cent decrease in occupancy to 82.5 per cent as well as double-digit drops in ADR (-11.6 per cent to Dh833.78) and RevPAR (-14.7 per cent to Dh687.63).
Dubai's benchmark edged down 0.1 per cent, although Drake & Scull rose 1.3 per cent after saying it had won a 340 million Qatari rial ($93.4 million) contract for work on the Doha Metro.
Al Mansouri and the Australian Ambassador explored methods of further boosting joint co-operation in areas of economic, trade and investment.
NTP is a plan involving a number of significant reforms to the economy of the world's top crude oil exporter.
While the UAE ranks as the 37the most affordable destination for expats, Oman is placed 18th and Bahrain 23rd. Kuwait and Qatar are relatively not so affordable at 45th and 46th positions.
Latest data available from the Central Bank of the UAE reveals government and public sector deposits declined to Dh343 billion in February, down five per cent year on year and a reduction from the peak of Dh403 billion in August 2014.
Six-nation bloc may become the sixth largest economy by 2030.
Global players are seeking innovative ways to get returns.
Country provides a great opportunity of sustained economic growth
Not all household debt is evil, and experts should be wary of the sharp increases over a two to four year period.