Emaar Properties Achieves 43% Rise in Q1 Profit on the Back of Strong Sales
Emaar Properties, the largest listed developer in Dubai, has announced a significant surge of 43% in its first-quarter profit, driven by real estate sales and efficient operations across its business units. According to a statement released by the company, net profit for the three-month period ending in March rose to Dh3.2 billion ($871 million), up […]
Introducing Al Habtoor Tower: A Remarkable Landmark
As The National News announced last week that Al Habtoor Group, a renowned Dubai conglomerate, has unveiled its latest grand venture – Al Habtoor Tower, an impressive residential complex that is set to become one of the world’s largest. With 81 floors and a remarkable built-up area of approximately 327,000 square meters, this iconic structure […]
Another Dubai skyscraper – ‘La Maison’ – is being revived as new funds chase opportunities
Overseas investor set to pump in Dh500m plus to mega-project on track Business Bay will see the ‘La Maison’ site get back into construction mode. Activity had ceased after the initial piling and shoring works. Now, with an investor coming in, the 365-metre structure is ready to go all the way up. Dubai: Another 100-storey […]
Dubai’s real estate market saw deals worth Dh6.7 billion in January
More than 70 per cent of all transactions in January were for ready properties Dubai’s real estate market saw deals worth Dh6.74 billion in January, 2021 – this is up 37 per cent from the same period last year. Dubai: Dubai’s real estate market saw deals worth Dh6.74 billion in January, 2021 – this is […]
All the latest residency options available to live in the UAE
Students’ family visa, retirement visa or remote working programme are some of the options Dubai: If you are looking to move to the UAE or are looking for new residency options, the UAE has announced several visa options recently, where students, entrepreneurs, working professionals or retirees can get a residence visa and sponsor their families […]
Surging investor confidence lifts Dubai real estate in 2020
In December, Dubai recorded 3,751 transactions worth Dh7.50 billion, the 10th edition of Mo’asher, Dubai’s official sales price index launched by DLD in cooperation with Property Finder, shows A spike in property transactions in December lifted Dubai’s annual real estate deals in 2020 to 35,400 with a value of Dh72.47 billion, according to Dubai Land […]
EXCLUSIVE COVID-19: Dubai Tourism clarifies new rules for Dubai tourists, hotels
Tourists coming from anywhere must show negative PCR result of test taken within 72 hours All residents and tourists are required to adhere to all precautionary measures, wear their masks in public places and maintain social distancing. Dubai: The introduction of a new set of precautionary measures in Dubai was prompted by a spate of […]
UAE announces citizenship for investors, medical doctors, skilled professionals, scientists and tale
The amendment to the law also includes the option to hold dual citizenship Dubai – In a historic move, the UAE on Saturday announced major changes to the citizenship law, to allow for the naturalisation of foreign investors, doctors, scientists, artists and talented people and their families. The decision to give people with exceptional talents […]
UAE sets out legal overhaul of personal and family law
New regulations cover divorce, inheritance and alcohol, as well as tougher punishments for men who harass women and a Good Samaritan law A raft of changes will ensure that UAE laws cater for people of all backgrounds, religions and nationalities. The National The UAE government has embarked on one of the biggest overhauls of the […]
UAE allows 100% ownership of businesses for foreign nationals from December 1, 2020
President signs new Decree that updates 2015 Commercial Companies Law In one of the most consequential changes to the business landscape, UAE now allows foreign nationals to own their companies in full. Dubai: The UAE has scrapped the need to have UAE nationals as sponsors, thus allowing expatriate investors 100 per cent ownership with effect […]
