The UAE-Israel historic peace treaty sparks positive sentiments and investment hopes in real estate

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District One is a popular villa community in Dubai Image Credit: Supplied Despite a downward trend in property prices, sentiments in Dubai’s real estate sector are high owing to the recent developments in UAE-Israel relationships and pent-up demand over the last few months leading to an uptick in sales. The historic UAE-Israel peace deal was[…]

UAE-Israel business ties in the fast lane – News

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As the UAE and Israel signed the Abraham Accord in Washington DC to set up diplomatic ties and normalise relations, private and public sector companies are gearing to explore trade and investment opportunities in both countries. Industry sources and private sector officials said at least half-a-dozen deals are in the pipeline that will foster bilateral[…]

UAE-Israel ties: A formidable partnership in the making

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Image Credit: Supplied “The signing of the Abraham Accord is a significant event for both the UAE and Israel, opening the doors to socio-economic opportunities for both countries. Aside from the prospect of establishing air transport links for passengers and cargo, there can be broader collaboration across the travel, aviation and aerospace industries. These are[…]

MIDEAST STOCKS-Banks carry Saudi shares, actual property boosts UAE markets | Fintech Zoom

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Sept 14 (Reuters) – Most Gulf stock markets rose on Monday, with the Saudi Arabian index boosted by monetary shares, whereas markets within the United Arab Emirates gained on energy in property shares.Saudi’s benchmark index gained 0.6%, with the nation’s largest lender Nationwide Industrial Bank climbing 2.3%. Al Rajhi Bank firmed 0.6%.The kindgom will partially[…]

Dubai Customs recycles Dh3.2 million worth of counterfeit products

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Dubai Customs has recycled 149,000 counterfeit goods worth Dh3.2 million since the start of the year. The pieces came from 46 international brands and it marks a more environmentally-friendly approach to disposing of seized goods. Dubai Customs’ Intellectual Property Rights (IPR) department announced the figure on Monday following talks with US and French officials to[…]

How Dubai’s retirement visa may shape the future of the UAE’s real estate market

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For a sluggish real estate market attempting to recover from the blow of the coronavirus pandemic, the announcement of the retirement visa was perfectly timed for Dubai. Experts and developers alike agree that the implications are big, with new sub-sectors being created in the property market focused on would-be buyers approaching retirement age. One of[…]