Property News

With the introduction of several new reforms and the recently announced retirement law, the expat population now increasingly looks at the UAE as an attractive destination to work, live and retire. Realtor Rakesh Mirchandani had initially thought of staying in Dubai for a couple of years when he first arrived in 2005. Living here for 13 years now, he believes Dubai is not only an excellent place for long-term stay, but also considers it as a destination for retirement.
“Dubai offers … Read more ›

Expatriate residents in the UAE increasingly want to own their home in the country, a new survey by Property Finder found.

The Dubai property advertising portal said that half of those who purchased in the past six months felt it was better than renting and one-third of survey respondents believe now is the right time to buy.

“The most common reasons were they felt it was a better financial decision to buy rather than rent and these potential buyers plan on staying … Read more ›

Construction work on the first hyperloop transport system will begin next summer in Abu Dhabi, the company behind the project said on Wednesday.

Hyperloop Transportation Technologies said it would build a commercial line on the border of Abu Dhabi and Dubai at developer Aldar’s Seih Al Sderieh landbank, close to the Expo 2020 site and Al Maktoum International Airport.

The company has yet to outline the exact route and the location of the terminals, but the line would be close to a major new … Read more ›

Jumeirah at Saadiyat Island Resort will open its doors on 11 November 2018 on the shores of Abu Dhabi.

The resort will feature 293 rooms including eight villas with private pools with a strong commitment to sustainability. The hotel will be free of plastic straws and in partnership with Trust Your Water, the resort will provide solutions to eliminate the need for single use plastic water bottles, a statement said.

The hotel’s spa is centred around a grand Moroccan Hamman with 14 treatment … Read more ›

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 ›