Dubai proposes fee waivers and SME incentives to boost business confidence
Dubai has called on government departments to put together a comprehensive reform package with the aim of boosting business confidence and economic growth, Gulf Business reports. The plans follow a decision last month to freeze government fees for the next three years as businesses in the country absorb higher costs linked to the introduction of […]
Dubai real estate market optimism
Dubai Land Department (DLD) has revealed that real estate transactions in Dubai for the first three months of 2018 (Q1 2018) totalled AED 58 billion through 13,759 transactions. His Excellency Sultan Butti bin Mejren, Director General of DLD, commented: “The Dubai real estate market continues to show continuous growth, driven by general optimism and confidence […]
Revealed: Most popular areas for new businesses in Dubai in March 2018
March sees a surge in business registration and licensing in Dubai The Department of Economic Development (DED) in Dubai witnessed business registration and licensing activity maintaining an upward momentum during the month of March 2018, reaffirming the emirate’s position as a preferred place for business startup and expansion. According to the ‘Business Map’ digital platform […]
Dubai ‘best city’ for expats in Middle East and Africa, survey says
Dubai has ranked the best city for expats in the Middle East and Africa for the sixth year in a row, according to Mercer’s 20th Quality of Living Survey. The survey, said to be one of the world’s most comprehensive, is conducted annually to enable multinational companies and other organisations to compensate employees fairly when […]
Dubai government to control and inspect real estate facilities
In line with its commitment to integrating government agencies and harnessing all expertise to enhance trust among real estate investors, the Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Department of Economic Development (DED) in Dubai through the Real Estate Regulatory Authority (RERA), DLD’s regulatory arm. The MoU focuses on […]
Dubai among world’s best for FDI in real estate sector
A new report from JLL terms Dubai as being one of a new class of ‘hybrid’ cities because of its transparent real estate market, Arabian Business reports. MORE: Deloitte’s Middle East real estate predictions for 2018 MORE: Special report 2018: Dubai real estate investment guide and tips Dubai is among the world’s top destinations for foreign direct […]
Deloitte’s Middle East real estate predictions for 2018
Each January, Deloitte’s Middle East Real Estate & Construction team produces a report that sets out a series of real estate predications for the coming year, Forbes Middle East reports. MORE: Special report 2018: Dubai real estate investment guide and tips Prediction #1: Dubai will consolidate its position as a global city, which will present both […]
No increase in federal fees for three years: Mohammad Bin Rashid
Move is intended to promote economic stability, encourage foreign investments, Gulf News reports Dubai: Public services requiring government fees in the UAE will not be increased for a period of three years, it was announced on Wednesday. The decision not to increase federal fees was reached during a cabinet meeting and it’s intended to attract […]
Dubai ranks 7th largest foreign investment destination city
Dubai has attracted Dhs25.5 billion in foreign direct investments in 2016, making it the seventh highest recipient city of Foreign Direct Investment, FDI, in the world, according to a report by the Dubai Government. These results are expected to inspire other cities seeking greater FDI at the forthcoming Annual Investment Meeting, AIM, to be held […]
How VAT Affects Home Ownership and Renting in Dubai
Dubai has become more affordable for the UAE residents planning to buy property in the Emirate. There’s even more good news with the introduction of a five per cent value added tax (VAT). Find out how it may help you make your mind: MORE: Special report 2018: Dubai real estate investment guide and tips Buying property: […]