Insights

Borrowers and Credit Card Holders Beware!

On 4 May 2022, the Central Bank of UAE (CBUAE) raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 points. This decision was influenced after the U.S. Federal Reserve raised its target rate by 50 points in the face of inflation.

Amendment to Notary Public Law

An electronic notary public system was introduced in the amended law, where regular Notary Public duties will be performed automatically through e-Notary services.

VAT Refund Scheme for Expo Dubai 2020 Participants Made Available by FTA

Dubai Expo 2020 Dubai official participants can claim VAT Refund

UAE: Etihad Rail Trains Zip across the Desert as Project Completes New Milestone

A new milestone for UAE as it continues the rail project connecting the seven emirates to the five neighboring Gulf nations.

UAE Golden VISA: Are you Eligible or Not?

Find out if you fall under the categories for eligibility to get a UAE Golder visa.

Federal Tax Authority Update on Tax Law Violation Penalties

Avoid late fee charges, check your VAT dashboard for information.

Dubai REST: The One-Stop-App for your Real Estate Transactions

Dubai REST (Dubai Real Estate Self Transaction) is a complete digital platform to manage end real estate activities by owners, tenants and other service providers.

A New DIFC Law to Protect Your Intellectual Property Rights

The Dubai International Financial Centre (DIFC) has recently enacted a new Property Law No. 4 of 2019 to align the IP law and rights with international treaties (the ‘Law’).

Dubai’s DIFC Introduces License Categories with Reduced Fees

Dubai International Financial Centre (DIFC) has introduced four (4) new licensing categories with reduced fees to attract more firms to do business in DIFC: short-term licenses, restricted licenses, commercial permissions and dual licenses.

Stricter Rules for Marketing Broker Overseas

Dubai Land Department (DLD) issued stricter rules for brokers marketing overseas properties in the Emirate of Dubai.

Resolution on Regulation of Dubai Municipality Markets Issued

An Executive Council Resolution No. (50) of 2016 now regulates Dubai Municipality’s markets.

New Bahraini Law Allows 100% Foreign Ownership

Prime Minister of Bahrain, Prince Khalifa Al Khalifa, has approved an amendment to the existing Companies Law allowing foreign investors to acquire full business ownership.

Dubai – 6th Best Skyline in the World

Dubai has the sixth best skyline in the world, ahead of cities like Chicago and Shanghai.

UAE Pushes for US$68,000 Fine for Swearing on Phone Messages

UAE makes it a criminal offence to swear or use abusive language in text messages.

Your Chance to Design Expo 2020 Dubai Logo

Till 30 April 2015, residences are invited to participate in a nationwide design contest for the new Expo 2020 Dubai logo.

UAE Launches Dirham Notes for the Blind

The Central Bank put in circulation currency notes of Dh100 and Dh50 with tactile marks for the blind and sight impaired

How Greece Escaped a Major Crisis – For Now

The Euro zone’s 19 finance ministers granted Greece a desperately needed economic lifeline, the country’s finance minister Yanis Varoufakis announced that the deal provided a “way out” of Greece’s problems.

Dubai Courts Manages to Issue Travel Bans within One Hour

Dubai Courts will be able to freeze the assets of suspected criminals and issue travel bans within one hour under the new system, compared to seven days under the old system.

Law to Curb Excess Weight in UAE Trucks

Excess weight in trucks is among the most common faults that lead to accidents, pointed out Sultan Al Kutbi, Director of Monitoring and Enforcement of the Licensing Agency at the Roads and Traffic Authority.

Emirates ID Is Ready to Be Used as a Credit Card

It will soon be possible for users to use their Emirates ID cards for withdrawing money from ATMs and for the purpose of other financial transactions.

Dubai Introduces Hassle-Free Licensing System to Attract Investors

In line with the Dubai Smart Government services, a system which is known as 120 days hassle free license has been introduced to be implemented from 15 May 2014…..

UAE to Issue New Law to Prevent Sale of Contaminated Food

According to the new draft law (to be presented to Federal National Council for approval) UAE food operators if caught selling contaminated, fake or rotten foods could face jail sentences of up to three years and fines of up to AED 2 millions.

UAE Plans New Legislation to Boost Growth of SMEs

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.

New Warning to Landlords and Tenants on Sharing Accommodation

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.

New Circular Issued for Project Management in Dubai

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.

Insurance Law Goes Into Effect 1st January

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.

New Decree on Property Rent Caps in Dubai

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.

Dubai Government Orders 30-100% Pay Raise for Staff

The Dubai Government has announced an increase in public employee salaries by up to 100 percent. The Dubai Government Human Resources Department informed….

Dubai Land Department Launches eMart

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.

Borrowers and Credit Card Holders Beware!

On 4 May 2022, the Central Bank of UAE (CBUAE) raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 points. This decision was influenced after the U.S. Federal Reserve raised its target rate by 50 points in the face of inflation.

Amendment to Notary Public Law

An electronic notary public system was introduced in the amended law, where regular Notary Public duties will be performed automatically through e-Notary services.

VAT Refund Scheme for Expo Dubai 2020 Participants Made Available by FTA

Dubai Expo 2020 Dubai official participants can claim VAT Refund

UAE: Etihad Rail Trains Zip across the Desert as Project Completes New Milestone

A new milestone for UAE as it continues the rail project connecting the seven emirates to the five neighboring Gulf nations.

UAE Golden VISA: Are you Eligible or Not?

Find out if you fall under the categories for eligibility to get a UAE Golder visa.

Federal Tax Authority Update on Tax Law Violation Penalties

Avoid late fee charges, check your VAT dashboard for information.

Dubai REST: The One-Stop-App for your Real Estate Transactions

Dubai REST (Dubai Real Estate Self Transaction) is a complete digital platform to manage end real estate activities by owners, tenants and other service providers.

A New DIFC Law to Protect Your Intellectual Property Rights

The Dubai International Financial Centre (DIFC) has recently enacted a new Property Law No. 4 of 2019 to align the IP law and rights with international treaties (the ‘Law’).

Dubai’s DIFC Introduces License Categories with Reduced Fees

Dubai International Financial Centre (DIFC) has introduced four (4) new licensing categories with reduced fees to attract more firms to do business in DIFC: short-term licenses, restricted licenses, commercial permissions and dual licenses.

Stricter Rules for Marketing Broker Overseas

Dubai Land Department (DLD) issued stricter rules for brokers marketing overseas properties in the Emirate of Dubai.

Resolution on Regulation of Dubai Municipality Markets Issued

An Executive Council Resolution No. (50) of 2016 now regulates Dubai Municipality’s markets.

New Bahraini Law Allows 100% Foreign Ownership

Prime Minister of Bahrain, Prince Khalifa Al Khalifa, has approved an amendment to the existing Companies Law allowing foreign investors to acquire full business ownership.