New UAE visa system bold, visionary: Attracting talent crucial for the future
Move will strengthen historical symbiosis between UAE and expatriate population, Gulf News reports. The success of national economies, much like the success of individual companies, is predominantly dependent on the ability to correctly predict future talent requirements and put into place timely measures to harness that talent. In fact, the three crucial driving forces of […]
Five-year entrepreneur visa launched in UAE
The Federal Authority for Identity and Citizenship has announced the implementation of the UAE Cabinet’s decision to issue five-year residency visas for entrepreneurs, Arabian Business reports. The move is part of the UAE’s aim to enhance the ease of doing business in the country. The Federal Authority for Identity and Citizenship will be in charge […]
Dubai Municipality announces investment opportunities for major parks in the emirate
Dubai Municipality has announced several investment opportunities in the emirate’s public parks, such as the event spaces, and the allocation of different areas for restaurants and small shops, within the investment map of each park. Dawoud Al Hajri, Director General of Dubai Municipality, said that the Municipality aims to support the directives of the wise […]
Dubai remains a magnet for investments
Dubai is a city of superlatives and its penchant for the Number 1 slot is well known. Visionary policies, strategic tourism initiatives and endless attractions have placed the Emirate among the world’s top destinations, Gulf News reports. The affirmation by the “Global Wealth Migration Report” for 2019, developed by the prestigious AfrAsia Bank and New […]
2000 millionaires moved into the UAE in 2018
Approximately 2,000 High-Net-Worth-Individuals, each with at least $1 million worth of net assets, moved into the UAE in 2018 alone, Khaleej Times reports. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, sought to make Dubai and the UAE a land of opportunities and a […]
Dubai is in top ten cities for billionaires, Business Insider
The number of high-net-worth-individuals in Dubai is expected to grow 60% by 2026 Billionaires are increasingly becoming concentrated in a cluster of cities, according to Wealth-X’s 2019 Billionaire Census report. The report analyzed data from Wealth-X’s global database of more than one million records of the world’s richest people. According to its findings, nearly 30% […]
Dubai attracts $5.44bln FDI in Q1
The growth rate in FDI capital during the first three months of the year reached 176.6% Dubai – CEO of Dubai Investment Development Agency (Dubai FDI) revealed that foreign direct investment (FDI) into Dubai significantly grew early 2019. FDI into the GCC emirate valued at AED 20.2 billion in the first quarter of 2019, Fahad […]
Revealed: Dubai’s highest ROI on rental apartments in Q1 2019
Dubai’s off-plan and secondary markets recorded a positive start during the first quarter of 2019, but there have been minor declines in sales and rental prices compared to the previous quarter, according to the latest property market report by Bayut.com. More: Special Report 2019: Addressing the most common misconceptions about Dubai’s real estate market “The […]
It’s now easier to sponsor your family in UAE and it won’t require a fancy job title
All workers with reasonable income who would like to stay with their families in UAE will now be able to do so, Khaleej Times reports. Decision will strengthen “family ties of workers” and boost the labour market. Income sufficient to support their families will be the only requirement for UAE expatriates to sponsor their family […]
UAE named Gulf’s happiest country, 21st globally
Ranking achieved two years after the UAE launched the world’s first happiness council, Arabian Business reports. The UAE has been named as the happiest country in the Gulf region, ranking 21st globally in a new list topped by Finland. Saudi Arabia (28th), Bahrain (37th) and Kuwait (51st) were also included in The World Happiness Report, […]