Roadworks for Dubai’s International City, Dragon Mart 83% complete
Dubai’s Roads and Transport Authority (RTA) announced that its Ras Al Khor Street Improvement and International City Entrances project is 83% complete, CWO reports. Ras Al Khor Street was formerly known as Al Awir Street, and the overall project is being implemented by RTA in collaboration with International City’s master developer, Nakheel. The scheme follows […]
Dubai’s new SmartAudit initiative allows the completion of real estate transactions on the same day
The new initiative enhances the efficiency of DLD’s departments and saves customer time and effort Dubai Land Department (DLD) recently announced the launch of the Smart Audit initiative that allows the completion of real estate transactions on the same day. This comes as part of its tireless efforts to develop and formulate modern 10X initiatives […]
Cost of living to decline in UAE on falling inflation, lower oil prices, strengthening dirham
Inflation in the UAE is expected to decline substantially from 3.3 per cent in 2018 to 1 per cent in 2019, Khaleej Times reports. Inflation in the UAE is set to decline substantially this year, lower oil prices, strengthening dirham against floating currencies and a fading out VAT impact, making the UAE more affordable in […]
Indians, Brits, Pakistanis top foreign investors in Dubai property in 2018
A total of 33,888 investments were made by 26,728 investors during the January-November period in Dubai’s realty industry. Dh62 billion investments made during January to November 2018 period, Khaleej Times reports. The Dubai real estate market continued to attract a strong inflow of foreign funds with Indians, British, Pakistanis and Jordanians accounting for nearly one-third of […]
Dubai plans an e-commerce free trade zone offering foreign firms 100 percent ownership
Dubai is already the headquarters of the region’s largest e-commerce company, Souq.com, which was bought by Amazon in 2017. It is also home to noon.com, a popular online shopping site. Foreigners operating outside of free trade zones in Dubai and the wider United Arab Emirates can usually only hold a maximum 49 percent stake, with […]
Dubai issues 2,046 new business licenses in January ’19, up 20% from January ‘18
The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, issued 2,046 new licenses during January 2019, a growth of 20% compared to January 2018 (1,703). Among the new licenses issued, 64.5% were commercial, 33.7% professional, 1.2% related to tourism and 0.6% industry. The report showed that License Renewal accounted […]
Dubai ranks first globally in ‘Scientific & Technical Employment’
Dubai stands first in the world in ‘Scientific & Technical Employment,’ as well as in the ‘Number of Internet Users’ and ‘Tablet Possession’ according to the Dubai Digital Competitiveness Report 2018 issued by the International Competitiveness Centre of the Switzerland-based Institute of Management Development (IMD) in co-operation with the Dubai Competitiveness Office (DCO) of the […]
Growth in the UAE economy is set to accelerate in 2019 says IMF
Growth in the United Arab Emirates’ economy will accelerate to 3.7 percent in the coming year, from 2.9 percent in 2018, as it starts to recover from the slowdown caused by the oil-price slump, according to the International Monetary Fund. Higher oil prices and OPEC’s decision to raise output had been a boost for the […]
Dubai reinforces investor confidence and enhances its appeal as a destination for sustainable business growth
The Department of Economic Development (DED) in Dubai issued 20,467 new licences during the year 2018 as the emirate continued to enhance its appeal as a destination for sustainable business growth. Overall, 248,769 business registration and licensing transactions were recorded in the ‘Business Map’ digital platform of DED in 2018 – an increase of 4.6% […]
Dubai International (DXB) remains world’s busiest international airport
Dubai International (DXB) retained its position as the world’s busiest airport for international customer numbers for the fifth consecutive year with annual traffic for 2018 surpassing 89.1 million. It is located a short-drive away from Easy18, our latest development, which offers quality living at an affordable price. A stone’s throw away from the best Dubai has […]