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Latest News

Posted on 10 - 04 - 2020
COVID-19 counter: UAE works to minimise job losses over virus

Minimise job losses… and the disruption to the economy that comes with lots of redundancies happening at the same time.

This is what the UAE Government has set out to do on a priority basis in its response to the COVID-19 outbreak and to lessen its impact on the economy. The announcement by Dubai Free Zones Council on Saturday gives an indication of that strategy.

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Dubai Expo 2020 to contribute Dh122 billion to UAE economy, support 49,700 jobs per annum.

Dubai Expo 2020 will have contributed Dh122.6 billion in value to the UAE’s economy by 2031, according to consultancy EY.
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Investors can set up new businesses and companies in the UAE in just 15 minutes now through the ‘Bashr’ online platform proposed by the TRA in partnerships with more than 50 federal and local governments.

According to Hamad Obaid Al Mansouri, Director General of Telecommunications Regulatory Authority (TRA), the process for setting up businesses will be quick and easy and will override any cumbersome procedures without any paperwork.

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Index comprises 11 companies that are among the largest and most liquid in the country.

Dubai: Nasdaq Dubai has launched trading on the MSCI UAE Index, expanding its futures market offerings.

The index comprises 11 companies that are among the largest and most liquid in the UAE. They include DP World, Emaar Properties and First Abu Dhabi Bank.

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Half-year review: VAT in real estate
Posted on 07 - 08 - 2018
Brokers discuss the first six months of VAT implementation and how it has affected tenants and homeowners.

Six months into its implementation in the UAE, the 5 per cent value-added tax (VAT) has generally had a limited impact on real estate values, if average market prices in the second quarter are anything to go by. Villa and apartment sales prices retreated by an average 4 per cent over the quarter, while apartment and villa rents were down 3 per cent and 2 per cent respectively, according to Asteco’s second-quarter market report....
Dubai Airport Freezone Authority (Dafza) has reduced business set-up fees by up to 65 per cent to attract more foreign direct investment (FDI) and boost its regional competitiveness.

In a statement on Sunday, the authority said the decision will help achieve further stability for the operational processes of free zone companies and consequently sustain and drive investment growth.

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