Archive for August, 2020

UPDATE 2-Dubai plans comeback to debt markets amid sharp financial downturn | Fintech Zoom

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(Provides particulars) By Davide Barbuscia and Yousef Saba DUBAI, Aug 31 (Reuters) – Dubai has employed banks to advise it on its comeback to the worldwide debt markets because the Center East commerce, finance and tourism hub seeks to bolster funds badly hit by the coronavirus pandemic. It’s planning to problem U.S. dollar-denominated 10-year Islamic[…]

Legal notices being issued to property owners in Dubai on 2020 service charge payments

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It is proving an exceptionally difficult year in managing relations between homeowners and property management companies. Serving legal notices will only raise the heat further. Image Credit: AFP Dubai: Legal notices are to be issued to homeowners in Dubai who have not paid their service charges for the first six months, property management companies confirm.[…]

Dubai should consider cutting property registration fees to 2% from 4

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Tourists returning to Dubai will spark off activity in key sectors, and that’s going to provide the base for the economy’s post-pandemic turnaround. Image Credit: Virendra Saklani/Gulf News COVID-19 is a short-term challenge… while the UAE’s competitiveness is a long-term affair and built over decades. The current oversupply situation in residential real estate is of[…]

Bayut celebrates the successful female leaders in UAE real estate ahead of Emirati Women’s Day

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Share Tweet Google Plus Share Email Bayut, the region’s leading property portal, hosted a high-profile webinar as part of its popular online series, The State of Real Estate, focusing on the role and contributions made by women in the real estate sector ahead of the Emirati Women’s Day celebrations in the city. Moderated by Fibha[…]

Dubai Ruler reviews roadmap for infra, housing, transport sectors – Business

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The Vice President, Prime Minister and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, reviewed the main approaches of the “Road Map for Leadership in the Energy, Infrastructure, Housing and Transport sectors” at a meeting with a team from the Ministry of Energy and Infrastructure. The “road map for leadership” seeks to define[…]