UAE has planned a legislation aiming to boost the growth of small and medium-sized enterprises (SMEs) by requiring 10 percent of future federal government contracts to be awarded to SMEs. The government is keen to promote SMEs in order to reduce unemployment among UAE citizens and help them establish their own companies, a step towards […]
UAE Plans New Legislation to Boost Growth of SMEs Read More »
Abu Dhabi municipality has issued a fresh warning to landlords and tenants of housing units, saying it would not tolerate overcrowding of houses and other violations that threaten safety and public health. The warning, the latest in a series of notices to house users by the municipality, coincides with reports of massive offences by landlords
New Warning to Landlords and Tenants on Sharing Accommodation Read More »
According to a new circular issued by the Real Estate Regulatory Agency (RERA), developers in Dubai will not be allowed to manage a project if complaints of negligence or mismanagement are received against them in the first year of management itself. In such cases, the developer’s power to manage the project will be withdrawn and
New Circular Issued for Project Management in Dubai Read More »
All expatriates living in Dubai, will have to buy health insurance coverage for their spouse and children starting next month if they have not done so already. The new Health Insurance Law will ensure that every resident of Dubai will have timely access to quality and affordable health services right here in the emirate. As
Insurance Law Goes Into Effect 1st January Read More »
His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has issued Decree No. 43 of 2013 which sets a specific band on how the optimum rental increases that a landlord can demand while renewing leases. The new rental slab as provided under the decree will
New Decree on Property Rent Caps in Dubai Read More »
The Dubai Government has announced an increase in public employee salaries by up to 100 percent. The Dubai Government Human Resources Department informed that thousands of government staff across 32 departments will benefit from the rise, which will be paid retrospectively back to 30 June. The rate of salary increase (between 30 percent and 100
Dubai Government Orders 30-100% Pay Raise for Staff Read More »
Dubai Land Department launched today a new online real estate portal known as eMart. It is an online portal for the auction, sale, and rental of properties and a simple and convenient exchange centre for real estate private and public real estate information, that guarantees transparency and credibility in all data, in line with the
Dubai Land Department Launches eMart Read More »
UAE has been ranked 23globally according to the World Bank’s annual Ease of Doing Business report. The 2014 report, compiled with the International Finance Corporation assessed the regulations of 189 economies, looking at how easy or difficult it is to do business in each of those countries. The UAE’s position of 23 puts it above
UAE Climbs Ease of Doing Business Index Read More »
The UAE Central Bank has issued long awaited new rules governing bank lending to property buyers which shall come into force a month after they are published in the Official Gazette. As per the new rules, home loans to expatriates shall be restricted to 75 percent of a property’s value whereas for UAE nationals it
Central Bank Approves New Mortgage Cap Read More »
A 14km-long corniche stretching from behind the Dubai Marine Beach Resort to the Burj Al Arab is set to open in 12 months after the project received the go ahead from Dubai ruler His Highness Sheikh Mohammed bin Rashid Al Maktoum. The project known as the Jumeirah Corniche Development Project has been given a one
Dubai Ruler Approves 14km Corniche From Burj Al Arab Read More »
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