Dubai: UAE’s tenants will need to convince landlords first about changes to their job status if they are to get any sort of rent relaxations. Expecting across-the-board rent waivers or rent-free periods may be expecting too much, market sources say. Getting involved in civil disputes with landlords too may not serve the purpose… especially when…
Dubai: With free zones in Dubai offering up to six months’ rent postponements, private landlords are now under pressure to match these incentives or even better them. At the very least, private landlords would be “forced” to consider rent payments via installments – something the free zones will now allow as per Saturday’s decision. These…
The capital restructuring will see the cancellation of 21.3% of the developer’s shares Dubai-listed developer Deyaar will reduce capital from 5.78 billion dirhams ($1.57 billion) to 4.55 billion dirhams, following shareholder approvals for restructuring. “The plan for capital restructuring proposed by our Board of Directors will enable Deyaar to write off all accumulated losses stemming…
Nation issues list of all 122 activities under 100% foreign ownership regime The UAE has released the full list of 122 categories for 100 per cent ownership in the mainland under the Foreign Direct Investment (FDI) Law. Cabinet Resolution No.(16) of 2020 determines the ‘Positive List’ of sectors and economic activities in which foreign direct…
Owning a home is a keystone of wealth… both financial affluence and emotional security.