Dubai has adopted the first law of its kind in the emirates that regulate virtual assets. They established an independent body to oversee the development of the world's best business environment for virtual assets, both in terms of regulation, licensing and governance, and in line with local and global financial systems. "The future belongs to those who design it” - through the Virtual Assets Act, Dubai...
The COVID-19 pandemic had suddenly and deeply changed our lives as we knew it, in a way comparable with the most traumatic events in history. Nearly two years after the world’s biggest lockdown, life seems to be getting back to normal as infection rates fall. Dubai experienced a severe blockade in 2020 owing to the global outbreak of Covid-19, the devastating effect it had on travel, trade and...
The real estate sector in United Arab Emirates, one of the major economic sectors that effectively contributes to the economic growth, has recovered strongly from a pandemic slowdown amid business, social reforms and government stimulus. The value of real estate transactions in Dubai more than doubled in 2021 and supported by demand in the secondary real estate market, set a 12-year record in real estate...
UAE - the investment haven has yet again proved it proves over the global real estate market. On 8th February, UAE sat atop of the newly launched real estate index, leading the index by 82 points, followed by Spain (80.7), Montenegro (77.2), Turkey (76.5) and Portugal (75.8). A property index (the Index) is a real estate investment performance index that generally shows the investment return in a...
A quick guide to thing you ought to know and do. Dubai real estate is one of the most attractive markets in the world. The quality of life, this world-class city provides is remarkable compared to any other global counterparts. Investing in real estate of Dubai enables quicker access to get a residency permit in the UAE. An investment into real estate gives you a residency visa for 3 years on a...
United Arab Emirates (UAE) is one of the ultimate dream destinations in the world. The idea of owning a home in UAE is not only intoxicating but also enriching considering the luxurious cosmopolitan lifestyle and tax-free living. An attractive modern hub that is known for its high standards of living and safety, world-class healthcare facilities, economic stability and ease of doing business. There are...
Dubai Land Department says property sector will witness 'increased growth and a greater recovery' as emirate prepares to host Expo 2020 Investments in Dubai's real estate market have reached AED36 billion ($9.8 billion) in the first five months of 2021, an increase of 44 percent compared to the same period last year, according to new research. The latest real estate bulletin issued by Dubai Land...
The UAE advanced its rankings in 120 global indicators despite the Covid-19 pandemic, the country’s Vice-President has said. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said the country is number one in the world in 20 development indicators. Also read: UAE is the world’s 9th most competitive economy He was citing the...
The UAE has maintained its status as one of the world’s most competitive economies, ranking 9th for the second consecutive year, according to IMD World Competitiveness Ranking 2021 released on Thursday. The UAE’s is rated the most competitive economy in the Middle East region and better than the US, Canada, Germany, China, UK, Austria, Australia, South Korea, France and others. The UAE’s...
Founder Mohamed Alabbar confident emirate's real estate sector has returned to growth Emaar Properties PJSC's five-month sales surged by 250 percent year-on-year as Dubai's real-estate market bounced back from the impact of the coronavirus pandemic. The company put total property sales at AEDl0.5 billion ($2.9bn) compared with AED3bn ($816.9m) a year ago. "I am confident that the Dubai property...