Dubai real estate transactions top Dh17b in May
Dubai recorded in excess of Dh17 billion worth of real estate transactions in May, based on figures published by the Dubai Land Department (DLD). The figure increased from around Dh16 billion in April. Fact Box description starts here Fact Box description ends here The value covered both sales and mortgage transactions for land and residential […]
UAE jumps in annual peace index despite global downturn
UAE has jumped 12 places to 44th in the annual Global Peace Index, produced by The Institute for Economics and Peace The UAE has jumped 12 places in the annual Global Peace Index (GPI) report, produced by The Institute for Economics and Peace, an international think tank. The GPI revealed that the world is less […]
Dubai's virtual real estate platform to reduce paperwork and brokerage procedures
As part of its contribution to the Dubai 10X initiative, Dubai Land Department (DLD) has announced the introduction of the Real Estate Self Transaction “REST”, a platform for conducting real estate trading and transactions with multiple parties anywhere and anytime. The new platform enables the complete digital management of real estate transactions, eliminating paper documents […]
Dubai’s virtual real estate platform to reduce paperwork and brokerage procedures
As part of its contribution to the Dubai 10X initiative, Dubai Land Department (DLD) has announced the introduction of the Real Estate Self Transaction “REST”, a platform for conducting real estate trading and transactions with multiple parties anywhere and anytime. The new platform enables the complete digital management of real estate transactions, eliminating paper documents […]
UAE named among world’s top nations for infrastructure investment
The UAE has been named among the world’s top locations in which to invest in infrastructure as Dubai continues to gear up for Expo 2020. Government has increased spending on infrastructure more than 40 per cent last year which will carry a positive multiplier effect across different sectors of the economy, especially in the real […]
Dubai knocks London off top of global retail list and becomes No.1 shopping destination
Dubai now takes number one position in the 2018 edition of CBRE report, with 62% of global retailers present in the emirate. UAE is ranked the most important international shopping destination globally as well. In recent years Dubai has risen to become an attractive international shopping destination. Value added tax (VAT) on goods and services was […]
UAE 7th most competitive in the world, 1st in 20 key indicators
The UAE has jumped three places to become the seventh most competitive economy in the world in 2018, its best ranking ever, reveals a global study released on Wednesday. The IMD World Competitiveness Centre’s 2018 data showed that the UAE secured No. 1 ranking in 20 indicators and achieved top positions in several others. The […]
UAE approves 100% ownership of companies
The UAE cabinet decided to allow 100% foreign ownership of onshore companies in UAE The new UAE investment, residency and company reforms announced on Sunday signify a tectonic shift for the business and social ecosystems, as the country seeks to become a haven for big-ticket investors, outstanding students and top-skilled professionals. The positive impact of […]
UAE rated safest country for women in Middle East
The UAE is the safest country for women in the Middle East region, which will help in the growth of the country’s wealth in the next 10 years, reveals a new report released on Tuesday. Woman safety has become very topical over the past year, following several high profile celebrity assault cases in the US. Notably, woman safety […]
Why medical professionals will flock to the UAE
The 10-year visas for specialist professionals like doctors and researchers will attract the best talent to the UAE, a popular medical tourism hub. The announcement of the 10-year residency visas for investors and specialists will pave the way for more medical professionals to come to the UAE, experts said. Speaking to Khaleej Times about how it […]