Dubai will make government-owned companies play by private sector rules

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It will all be one level playing field, whether the company is government-owned or from the private sector. It is on the access to funds that Dubai’s new Executive Council Resolution goes the extra mile. Image Credit: Ahmed Ramzan/Gulf News Dubai: Going forward, government-owned businesses in Dubai will not compete directly with the private sector.[…]

Dubai opens its doors to retired expats | News

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It is more associated with beaches, bling and footballers than grey hair, but Dubai has begun a campaign to encourage expatriates to retire to the emirate, granting “pensioner visas” for the first time. The new visa regime will end one complaint of long-term foreign residents in the United Arab Emirates — that they are encouraged[…]

Dubai issues $2-billion Sukuk, bonds with lowest rate in history

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Dubai skyline, showing Burj Khalifa, currently the world’s tallest man-made structure: A prospectus that accompanied Dubai’s planned offering of bonds and Islamic securities on Monday showed the government’s outstanding direct debt stood at AED123.5 billion ($33.6bn) as of June 30. That’s about 28 percent of last year’s gross domestic product, according to the document seen[…]

Banke International Properties appointed exclusive realty agents by MAG Lifestyle Development

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Saleh Tabakh, Head of Sales, MAG with Porush Jhunjhunwala, CEO of Banke Image Credit: Supplied Dubai: Banke International properties, an award-winning Dubai-based boutique real estate company, is the exclusive realty broker handling the sales for a new luxury mixed-use tower, MBL Residence, located in Jumeirah Lake Towers (JLT), Dubai, the latest premium lifestyle property from[…]

Jumeirah Group expands portfolio with Marina Gate property – News

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Dubai-based hospitality company Jumeirah Group has opened its fourth ‘Jumeirah Living’ property – its upscale residential brand – Jumeirah Living Marina Gate. The government-backed hotel giant, best known for its striking Burj Al Arab Jumeirah and Jumeirah Beach Hotel properties in the emirate, says the expansion of its residential brand is thanks to the new[…]

Attractive Dubai prices spur virtual property transactions – News

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Clients are buying properties from overseas virtually without even seeing the property physically or signing contracts in person. Attractive property prices in Dubai are increasingly drawing overseas investors in droves, who are willing to snap up a well-priced property quickly even without viewing the property physically and proceeding with the sale from overseas[…]

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