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As a significant commercial hub Dubai provides employment for both its own residents and those living in neighbouring emirates, most especially Sharjah. However, with the cost of living tending to be higher in Dubai, an increasing number of workers looked towards Sharjah in recent years for more affordable rental options. The same is true in…
With a new legislation that came into effect this spring, Sharjah for the first time allows non-Arab nationals without a UAE residency visa to purchase property in the emirate on a 100-year renewable land lease. The move aims at stimulating demand and increasing foreign investment in Sharjah’s real estate market and is seen to be…
The Dubai real estate market has been seeing funds flowing in from Africa, mostly from retail investors, since the advent of freehold laws. However, the sector is now seeing active interest from listed African institutional investors as well. These effectively represent REIT-based structures that are listed on exchanges. “Investments in real estate from Africa has…
The UAE’s construction industry has not been impacted by the recent introduction of 5 per cent value-added tax (VAT) and it will witness over 10 per cent expansion in 2018, the second-fastest growth rate in the world, according to industry executives and research reports. The industry executives believe that Expo 2020 is not the end…
Owning a home is a keystone of wealth… both financial affluence and emotional security.