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Dubai developer Deyaar to proceed with capital restructuring plans

capital restructuring plans

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…

UAE clears 100% ownership rules

clears 100% ownership rules

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…

Dubai realty eyes well-off buyers

Markets with strong purchasing power targeted to offset absence of China amid Covid-19 crisis Property developers in Dubai are heavily focusing on investors from the UAE, GCC, Russia and other markets with strong purchasing power to offset the fall in demand from Chinese buyers as well as impact of coronavirus. Developers are laser-focused on local…