Dubai’s state-owned water and power supply company DEWA will be listed soon on the Dubai Financial Market – in April 2022. It will be the first out of ten government-owned commercial entities that will list on the Dubai Financial Market, in the near term. What will DEWA offer? Dubai Electricity and Water Authority (DEWA) has planned to sell a 6.5% stake of the company by offering 3.25 billion...
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Russia’s invasion of Ukraine has left almost everyone in shock across the globe. As the conflict escalates, things are becoming serious because the war in any part of the world impacts almost every region. Investors from every asset class and every country are concerned about tomorrow, as not just stocks are tumbling but the market is also dipping. The aftermath of war Before we start doing the...
Virtual currency or cryptocurrency has taken the financial world by storm. People are buying goods and services using cryptocurrencies. However, the UAE has taken a major step and has become the first country to introduce the option to sell/buy properties there using Bitcoin and other authentic virtual currencies. Despite being a smart and stable payment method, virtual currencies are more prone to risks,...
Dubai is a paradise and every other person gets attracted to the tax free capital gains, tax free rental yields and attractive lifestyle amenities. This is what attracts to non-residents from around the globe and they aspire to invest in Dubai real estate. Though like every other investment vehicle, Dubai real estate has also gone through ups and downs but the buyers’ protection laws, the transparency,...
Tech giant Meta, formerly known as Facebook, has opened its regional headquarters in Dubai Internet City. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, inaugurated the office. Sheryl Sandberg, Chief Operating Officer of Meta was present during the inaugural ceremony. The launch of Meta’s new office in Dubai indicates that global...
With a positive reputation, premium lifestyle facilities, strong infrastructure, higher returns on investment, and stable economic growth, Dubai poses to be the best place to invest in the real estate sector. In the wake of ongoing war-induced turbulence and uncertainty caused by the COVID-19-led pandemic, an unprecedented demand for alternative residence and citizenship has been recorded amongst global...
Finding a suitable property in Dubai for investment or living purposes is neither difficult nor tough, but the property registration step was stressful. The Dubai Land Department (DLD) has simplified the procedure to complete real estate registration process in record time – to attract more investors to Dubai real estate. It has not just made the property buying and selling process swift but made Dubai...
If you live in Dubai, you must have heard about Sheikh Zayed Housing Programme. Or is it that you know nothing about this but want to learn more? Sheikh Zayed Housing Programme Sheikh Zayed Housing Programme is a government programme that works on providing housing assistance to the UAE national citizens, who cannot afford a suitable home. It was established in 1999 and is designed to...
5 Things you must know before buying a property in Dubai Dubai is one of the safest places in the world – not just in terms of living but to park your savings as well. It is also one of the developed real estate markets around the globe that offers enormous benefits, promising returns and exceptional lifestyle facilities. Moreover, its rebound from the coronavirus-induced turmoil – backed by...
How will Dubai real estate sector perform in 2022? Seeing the record-breaking performance of the Dubai real estate sector in 2021, we can expect a promising 2022. It is imperative to understand that the rebound and outstanding performance of Dubai real estate was not just a miracle but the credit goes to the UAE government for successfully rolling out coronavirus vaccination, initiatives to urge people...