The UAE Central Bank has removed the 70-year age limit for the last mortgage repayment in order to ease mortgage loan requirements. The Central bank said that banks and finance companies will determine the age limit of their customers as per their risk management. Real estate is one of the most vital sectors in the […]
Central Bank Removes 70-Year Age Limit on Property Mortgage Read More »
The World Logistics Passport offers a set of unique operational and financial advantages for businesses and shipping companies by connecting government entities, including Dubai Customs and Dubai Trade, with logistics service providers like DP World and Dnata, and facilitating commercial transactions among concerned bodies in Dubai. It is designed to boost the role of the
Dubai Customs Launches the World Logistics Passport Read More »
People with bounced cheques worth less than Dh200,000 in Dubai can pay their fines on their smartphones without having to go to police station, an official said on Monday. The new prosecution service was announced during Gitex Technology Week in Dubai on Monday, with people being able to avail the facility from October 13. Fatima
Bounced Cheque Fine Payment Made Easy Through Smartphones Read More »
Erada is the center for the treatment of drug addicts and psychotropic substances. Law No. 5 of 2019 (the ‘Law’) is issued to regulate the rehabilitation of substance and alcohol abuse in the Emirate of Dubai. The Law will apply to all activities of the Erada Center for Treatment and Rehab, which will replace the
New Law No. 5 of 2019 on the Erada Center for Treatment and Rehab Read More »
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced the launch of the emirate’s first virtual company license with an aim to build a ‘Virtual Commercial City’ in Dubai. The initiative shall offer vast opportunities for investors around the world to do business digitally
New Virtual Company License in Dubai Read More »
Law No. (6) of 2019 has been enacted to oversee jointly owned properties in Dubai, including the way Facilities Management (FM) business works. This law shall provide a regulatory framework designed to boost competitiveness, enhance investment in the real estate sector and ensure the rights of all parties are protected. It has been developed to
New Law Issued to Regulate the Joint Ownership of Real Estate in Dubai Read More »
The new Law No. 4 of 2019 regulating the Real Estate Regulatory Agency (RERA) includes restructuring the legal provisions of the agency, which was established pursuant to Law No. 16 of 2007. Under the new law, the objectives of RERA include contributing to the development of Dubai’s real estate sector within an integrated system of
New Law Issued for Regulating the Real Estate Regulatory Agency (RERA) Read More »
The committee will be headed by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Dubai Land Department and semi-government development companies including Investment Corporation of Dubai, Wasl Properties, Dubai Properties, Emaar, Meraas and Nshama, Nakheel, Meydan, Dubai Silicon Oasis Authority, Dubai South and Dubai Multi Commodities Center. The committee aims to
Real Estate Committee to Ensure Property Market Balance Read More »
DIFC has announced that DIFC Law No. 2 of 2019 (“New Law”) governing the employment relations within the DIFC will come into effect from August 28, 2019. The New Law will replace the DIFC Employment Law No. 4 of 2005 as amended by DIFC Law No. 3 of 2012. The New Law addresses and clarifies
DIFC’s New Employment Law Comes Into Effect Read More »
In continuation to the news released in October 2018 on dual licenses between free zones and mainland in UAE, where it was stated that Abu Dhabi free zones can have dual licenses to operate onshore in Abu Dhabi, Al Ain and Al Dhafra and also where a few Dubai free zones had entered into Memorandum
DMCC and DED Signed MoU on Dual Licensing Read More »
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