News
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…
Real estate agencies concur that the market has gotten tougher since the 24-hour lockdown was imposed in the UAE Since the COVID-19 pandemic made it impossible for property investors in Dubai to give prospective clients the traditional tour of the home, they have been increasingly relying on technology to do virtual home viewings and 360-degree…