Property News: Abu Dhabi News

The UAE maintained its spot as the most competitive economy in the Middle East and North Africa with high marks on macro-economic stability, infrastructure and technology, according to a new global report.

The country ranked 27th out of 140 countries in the World Economic Forum’s Global Competitiveness Report 2018 edition, the Geneva-based organisation said in a statement on Tuesday. Saudi Arabia ranked second in the region and 39th globally, up two places from its 2017 spot.

“A focus on intra-region connectivity, in … Read more ›

The UAE has introduced new laws this year that effectively widen the range of possibilities for expatriates to be more deeply involved in the long-term economic growth of the country. Many of the policy changes mainly concern foreign business ownership, visa regulations and curbing the cost of living.

In a country where 80 per cent of the population is made up of foreign residents from all over the world, the new regulations are viewed as crucial in efforts to tap further … Read more ›

Abu Dhabi’s drive to accelerate its economic growth will come under the banner of Tomorrow 2021, the Crown Prince revealed on Sunday, in what marks the culmination of a summer of reforms aimed at preparing the emirate for a more prosperous future.

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said the plan includes “50 initiatives that reflect the priorities of citizens, residents and investors”. The move is part of an action … Read more ›

Abu Dhabi: The UAE Cabinet on Sunday approved a law that would allow expatriates to stay on in the country long after they retire.

The law, which will be in effect as of 2019, outlines the requirements to qualify for the long-term visa such as having an investment in a property worth Dh2 million, or having financial savings of no less than Dh1 million, or having an active income of no less than Dh20,000 per month. And as long as these conditions … Read more ›

Startups have taken over the world at large and the UAE too follows this trend, where home-grown startups and international players are luring customers with innovative technologies and unique concepts. To stand out in this extremely competitive crowd and attract investors from across the world, requires a combination of innovation, commitment to excellence and a steady growth in revenue. Bayut exemplifies these qualities and has already established itself as a unique and reliable entity in the UAE property market. The recent … Read more ›

The Abu Dhabi Department of Economic Development is implementing seven of the 10 strategic initiatives linked to a three-year Dh50 billion stimulus package for the emirate unveiled in June, its head told The National on Sunday.

The package, announced by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, is aimed at supporting entrepreneurs, small to medium sized businesses and the private sector by bolstering growth, attracting more foreign direct investment and … Read more ›