The Discovery Gardens area topped the areas with the highest return on real estate investment in apartments, followed by the Dubai Investment Park area, then Liwan, Remraam, and Al Barari. According to a recent report by the Bayut real estate website, the Discovery Gardens area provides residential properties with floor areas starting from “studio” to three-bedroom apartments, while the average selling price of an apartment in the area is about 457 thousand dirhams, and it offers promising investment returns. Its percentage reaches 10.02%. There are also rental options available with an average rental value of about 43 thousand dirhams annually. This area is located in a distinctive strategic location in the heart of the Emirate of Dubai, within the Jebel Ali area, Sheikh…

Accounting firm PwC on Monday rejected an anonymous letter that criticised the company's involvement in auditing beleaguered Chinese real estate giant Evergrande, saying the letter contained "false allegations". Heavily indebted Evergrande has become a symbol of the years-long crisis in China's property market and last month its onshore unit was accused of a $78 billion revenue overstatement. Chinese authorities are examining the role of PwC in auditing Evergrande, though no decision regarding penalties has been made, Bloomberg News reported last month. The firm said on Monday it was aware of a letter purportedly written by some PwC partners that was circulating on social media. "We believe the letter contains inaccurate statements and false allegations... (that) could tarnish PwC's…