U.A.E government has been taking positive steps towards ease of doing business and encouraging investments in the U.A.E. Be it tactical decisions like reducing license fees to long term strategic moves in issuing Golden Visa to investors to encourage investment. In line with the same, to give a positive impetus to the economy, the U.A.E central bank has decides to scrap the 3 % early...
Dubai’s real estate sector has all the ingredients necessary for its growth thanks to timely measures introduced by its government to offset the impact of a slowdown in the global economy. Ali Sajwani, General Manager of Operations at Damac Properties said, “For developers, it is vital to align their strategies to the long-term aspirations of the city. We need to build for the future, and...
One thing that everyone in Dubai is talking about, and now its only
Mazhar is a high-profile banker in Dubai, with very little time. He is being transferred from Dubai to London and now has to wrap up everything in Dubai. Mazhar did not incorporate an Early Termination / Lease Break Clause in in his Contract. Law 26. of 2007 by RERA, regulating the connection between landlords and tenants doesn’t provide a section for early contract termination but rather...
Mazhar owns a Two Bedroom apartment in Dubai Marina and wants to Gift the apartment to his Son and Daughter. Mazhar is not sure what is the process of Gifting and the related Fees for Gifting of the Apartment. Well, Mazhar is not alone in not knowing the process. Eligibility for Gifting Property in UAE Gifting can only be done to First Degree of Relatives. I.e. Children or Parents / Husband / Wife....
Over the last few decades Dubai has successfully managed to diversify its economy from oil to tourism, technology, business...
There are two types of investors. Short-term, and Long-term. Short-term investors primarily aim to gain from market movement, whereas...
One of the common questions asked even in casual discussions about buying property in UAE is whether the owner will also be entitled to the country's...
Expats often leave UAE to return to their home country, or to move to greener pastures. What should they do about their unsettled mortgages? In the past, many expats left UAE without formally settling their financial obligations, resulting in millions upon millions of losses to the banks. Naturally, this lead to more stringent laws and practices coming into force. One such practice, is that when the...
The Habtoor city is brimming with an exciting array of restaurants and eateries. This complete guide of restaurants in Al Habtoor City...
