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The visa benefits the investors and their families. The Dubai Land Department in partnership with General Directorate of Residency and Foreigners Affairs, has granted 5-year UAE residency golden visa to 20 property investors. According to a statement issued on social media, the worth of the total investment is Dh200 million. The golden visa granted today…
Prices, rents continue decline in first half of 2019 on oversupply in industry Property prices and rentals in Dubai continued to decline in the first half of 2019 and this trend will continue in the second half as oversupply will keep the emirate a buyer-friendly market for a few more quarters – if not years….
UAE real estate investment fund regulations amended- Abu Dhabi: The Securities and Commodities Authority (SCA) has amended an administrative resolution related to regulating the “General Real Estate Investment Fund,” which will be in force upon its issuance. The amendment issued in 2019 includes changes to Article 2 of the administrative resolution, which stipulates that the…
Interest has soared for freehold areas in Abu Dhabi like Al Reef, Al Raha Beach and Masdar City, data in Bayut’s H1 Market report for 2019 has shown. According to the Abu Dhabi Investment Office, the UAE currently ranks 27th globally for foreign direct investment. Moving into the second half of 2019, Abu Dhabi’s recent…