RERA
The UAE’s decision to allow for longer term residence visas and 100 per cent foreign ownership in companies is expected to have a significant impact on the property market, both residential and commercial. End-user expatriates who have hitherto chosen to rent property in the UAE could now consider buying a home, given the long-term legal…
Residential sales and rental prices in Dubai continued to decline in the first quarter, and the trend is expected to persist throughout the rest of 2018, the third year in a row of a market slump, according to a report by consultancy Core Savills. “Challenges of oversupply, mismatch between offer and supply, weakening demand across…
UAE launches 10-year residency visas for investors, specialists. Investors and specialists such as doctors and engineers will receive UAE residency visas valid for up to 10 years, it was announced on Sunday. The families of these categories of expatriates will also receive the same visa validity. Top performing students are also eligible for the 10-year…
Drake & Scull swings to profit in Q1 2018 Drake & Scull International (DSI) posted a net profit of Dh7 million for the first quarter of 2018 compared to a net loss of Dh839 million during the same period last year. The company attributed the improved results to the positive momentum achieved during the first…
Owning a home is a keystone of wealth… both financial affluence and emotional security.