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Although the 75% cap protects banks in an unstable market, the cap itself is a barrier to end-user demand that creates market stability Last month’s announcement on retirement visas was the latest in a raft of welcome measures taken by the UAE government in recent months that have helped bring greater certainty to residents and…
As each year marks the opening of new residential, entertainment and business destinations, Mahmoud Al Burai asks what is next for Dubai? Dubai’s property development activities continue to reach new heights. Each year marks the opening of new residential, entertainment and business destinations. The emirate has transformed itself from a sleepy port city to a…
The UAE has introduced new laws this year that effectively widen the range of possibilities for expatriates to be more deeply involved in the long-term economic growth of the country. Many of the policy changes mainly concern foreign business ownership, visa regulations and curbing the cost of living. In a country where 80 per cent…
They were involved in transactions worth a combined Dh19b plus Dubai: Dubai pulled in nearly 9,500 first-time property investors in the period January to end August, resulting in transactions valued at more than Dh19 billion. “Dubai’s real estate market acquired a sustainable reputation due to a range of initiatives and proactive solutions that have made…
Owning a home is a keystone of wealth… both financial affluence and emotional security.