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10-year visa: More expats will invest in freehold homes

Dubai 10yr visa

The UAE’s decision to allow for longer term residence visas and 100 per cent foreign ownership in companies is expected to have a significant impact on the property market, both residential and commercial. End-user expatriates who have hitherto chosen to rent property in the UAE could now consider buying a home, given the long-term legal…

UAE launches 10-year residency visas

UAE 10yr Visa

UAE launches 10-year residency visas for investors, specialists. Investors and specialists such as doctors and engineers will receive UAE residency visas valid for up to 10 years, it was announced on Sunday. The families of these categories of expatriates will also receive the same visa validity. Top performing students are also eligible for the 10-year…

Drake & Scull swings to profit in Q1 2018

Drake and skull profits

Drake & Scull swings to profit in Q1 2018 Drake & Scull International (DSI) posted a net profit of Dh7 million for the first quarter of 2018 compared to a net loss of Dh839 million during the same period last year. The company attributed the improved results to the positive momentum achieved during the first…