Author: Ra'uf Asim Rahal
By 2023, real estate saw a rapid expansion in Dubai contributing 17 % to affordable houses and 21%to luxury houses. The cause for this boom is attributed to better economic conditions in Dubai, boosting trade place, and increased demand form investors. Off-Plan Properties: Advantages And Disadvantages Benefits: Lower Prices: However, initial costs are slightly lower here with developers giving a freebie and offering Pop Boyle deals of 5-15%. Customization Options: They can choose depending on the buyers’ wants and needs for the finishes and layout of the homes. Flexible Payment Plans: It is not a large payout at once but stretched…
HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy of Dubai and President of the National Olympic Committee of UAE, underlined the commitment and further steps of UAE towards the promotion of the principles and programmes of the Olympic Movement. This commitment shows the importance that the leaders of the UAE are putting on sports as well as displays their determination to support and partake in the Olympic effort. While celebrating the Olympic Day in Dubai, Sheikh Ahmed stressed that it remains one of the best ways through which the required values and principles are fostered. He also…
It would also be proper to take a look at the work that the DEWA accomplished as of now, particularly the commissioning of a new water reservoir in Enkhali to supply the residents of Dubai with fresh water. This huge reservoir with the capacity of 120 MIGs is capital intensive and its construction cost amounts to AED 287. 8 million. This corporate initiative is in consonance with the objectives of DEWA for improving the facilities for electricity and water supply, as well as an augmentation of water storage in Dubai. “Water security is a national security issue for the UAE,”…
Five-Year Tranche: Value: $1.75 billion Yield: 4.97% Spread: 35 basis points over US Treasuries This tranche saw a significant yield reduction from the initial guidance of 70 basis points. 2034 Maturity Tranche: Value: $1.5 billion Yield: 5% Longest Tranche: Value: $1.75 billion Yield: 5.5% Spread: 90 basis points Following this bond issuance comes the emirate of Abu Dhabi, which had its last eurobond sale in 2021st, one of the largest in the emerging markets in 2024. Currently, S&P Global Ratings affords Abu Dhabi an AA-Worst rating, putting it on par with countries like the UK, France, and Qatar which helps…
The President of the UAE, Sheikh Mohamed has captured the attention of social media users by posting a heart wrenching picture with a caption showing the love and Caress of Father on this Father’s day. The photo illustrated depicts Sheikh Mohamed as a child with his paternal father, UAE Founding Father, The Late Sheikh Zayed bin Sultan Al Nahyan, playing with him in water. “You will forever be our guide, our hero, and the icon of our country,” reads the message that is left beside the sculpture. This year Emirati astronaut Sultan Al Neyadi honored the Father’s Day by sending…
A very important diplomatic event is the recent meeting of Igor Levitin, Aide to the President of the Russian Federation and the Special Presidential Representative for International Cooperation in Transport with HE Sheikh Ahmed bin Nasser Al Thani, the Ambassador of the state of Qatar to Russia. The meeting was held concerning the prospects and relations between two states, highlighting further cooperation’s and interests.
Police in Abu Dhabi have recently dispatched a serious warning to all the merchants and companies with license to operate in the emirate regarding cooperation with social media personalities. Many stores were shut down or fined between Dh 3,000 and Dh 10,000 by the Department of Economic Development (ADDED), as per regulation. In a circular released on June 20, ADDED outlined three critical areas of compliance: Licensing for Influencers: Moreover, the involvement of social media influencers requires the department’s license to market services through a website. Permits for Economic Establishments: ADDED requires a permit for any advertisement or marketing action…
Through increasing affordable and environmentally friendly residential projects, developers in Dubai are now targeting the wealthy expatriate only hence increasing green building projects. Majid Al Futtaim’s Ghaf Woods and Aldar’s Athlon for example use features such as bee colonies that mimic beehives that, wood farms on small scales, and extensive greenery to target careful buyers. Ghaf Woods in Oman is the first forest living community to be developed by Majid Al Futtaim and will have over 35, 000 trees and 7000 properties that are designed to location indoor- outdoor living, which has benefits such as improved air quality and minimizing…
Dubai has been ranked the 15th Most Expensive Cities for the foreign employee as per Mercer’s recent survey which shows it has moved up three notch higher this year. The high inflation rate that exists in Dubai can be attributed to property rentals which have gone up in the recent past following the pandemic outbreak. Mercer’s 2019 Cost of Living City Ranking showed that three – bedroom property rents in Dubai increased by 15% by the year 2024. year on year examination results and the examination results in general rising by 21% between year 2023 and 2024. This increase in…
This unprecedented increase in various forms of real estate, especially in the commercial department, saw the Ajman sector’s worth reaching a value of $199 million by May 2024. What can also be noted is that the number of real estate valuations carried out by the Department of Land and Real Estate Regulation in Ajman touched 169, manifesting the sector’s continued growth. Ahmed Khalfan Al Shamsi, the Director of Real Estate Registration, explained that the real estate valuations encompass property types for commercial, residential, industrial, and agricultural uses. In a development that saw it lead by example for the other subsectors,…