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The capital restructuring will see the cancellation of 21.3% of the developer’s shares Dubai-listed developer Deyaar will reduce capital from 5.78 billion dirhams ($1.57 billion) to 4.55 billion dirhams, following shareholder approvals for restructuring. “The plan for capital restructuring proposed by our Board of Directors will enable Deyaar to write off all accumulated losses stemming…
Nation issues list of all 122 activities under 100% foreign ownership regime The UAE has released the full list of 122 categories for 100 per cent ownership in the mainland under the Foreign Direct Investment (FDI) Law. Cabinet Resolution No.(16) of 2020 determines the ‘Positive List’ of sectors and economic activities in which foreign direct…
Real estate agencies concur that the market has gotten tougher since the 24-hour lockdown was imposed in the UAE Since the COVID-19 pandemic made it impossible for property investors in Dubai to give prospective clients the traditional tour of the home, they have been increasingly relying on technology to do virtual home viewings and 360-degree…
Markets with strong purchasing power targeted to offset absence of China amid Covid-19 crisis Property developers in Dubai are heavily focusing on investors from the UAE, GCC, Russia and other markets with strong purchasing power to offset the fall in demand from Chinese buyers as well as impact of coronavirus. Developers are laser-focused on local…
Owning a home is a keystone of wealth… both financial affluence and emotional security.