Revealed: how Dubai homes are becoming more affordable
Bloomberg Global City Housing Cost Index shows 47% of average monthly salary goes on housing compared to 71% last year, Arabian Business reports. Getting on to the housing market ladder in Dubai is getting easier with affordability levels rising, according to the annual Bloomberg Global City Housing Cost Index. The UAE city fell 29 spots […]
Dubai launches its first investment week amid record foreign inflows
Dubai on Monday launched its first-ever investment week, held under the theme “Investing in Future Transformations” as the emirate celebrated record foreign fund inflows, CNBC reports. The event, focused on new technologies and private-public partnerships, is aimed at attracting more private investment to boost growth and job creation amid soft employment figures. Foreign direct investment […]
How to successfully launch a business in the UAE
There are various ways to turn your start-up idea into a small business, Gulf News reports. So you’ve had your lightbulb moment and have decided to setup your own company. What now? How do you turn that big idea into your very own small business? There are many reasons to start your own business. You […]
Dubai maintains high investor confidence with a 26pc increase in FDI
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the Chairman of The Executive Council, said that increasing foreign direct investment (FDI) inflows reflect growing investor confidence in Dubai. FDI into Dubai recorded significant growth in the first half of 2018, reaching USD 4.84 bn (AED 17.76bn), a 26% […]
DED issues permits to 163 free zone companies to expand their operations across the emirate
The Department of Economic Development (DED) in Dubai has permitted 163 free zone companies to operate in mainland Dubai following a memorandum of understanding (MoU) signed earlier this year between DED and the Dubai Free Zones Council. The MoU sought to enable free zone entities in Dubai to expand their operations across the emirate, and […]
Revealed: the economic benefits of Dubai Metro by 2030
New study, carried out by the Roads and Transport Authority, reveals the direct and indirect economic benefits of Dubai Metro, Arabian Business reports. Accumulated economic benefits of Dubai Metro during its first seven years of operation reached AED66 billion ($18 billion) against AED41 billion in costs, according to a new study by the Roads and Transport […]
DED issues 1,221 new licenses in August as Dubai remains top choice for investors
The Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED) in Dubai completed 17,710 transactions including 1,221 new trade licenses during the past month according to the ‘Business Map’ digital platform. Renewal of Licenses accounted for 9,071 transactions while there were also 2,111 transactions related to Trade Name Reservation and 1,475 […]
Dubai Reality Projects Delivered in First 8 Months Worth Dh12 Billion
The Dubai Land Department (DLD) on Saturday said 1,000 investors received their properties through 900 transactions worth more than Dh12 billion during the first eight months of this year, demonstrating Dubai’s distinctive position as a preferred international investment destination, Albawaba reports. DLD director-general Sultan Butti bin Mejren said 47 projects were introduced into the market […]
Dubai issues half a million real estate permits through the ‘Trakheesi’ system
Trakheesi allows customers to obtain a range of permits to assist with their transactions, Khaleej Times reports. The Dubai Land Department (DLD), through the Real Estate Regulatory Agency (Rera), has announced the issuance of nearly 500,000 real estate permits for real estate companies through the ‘Trakheesi’ system. Ali Abdulla Al Ali, director of real estate […]
Revealed: These may be the world’s 10 riskiest housing markets
Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has historically posed a threat to economic activity, Bloomberg reports. “In all four, valuations are very elevated, there has been a lengthy housing boom, debt levels are high and there is a significant share of floating rate […]