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Should you rent or buy a home? UAE residents, experts offer six tips to help you decide!

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Should you rent or buy a home? UAE residents, experts offer six tips to help you decide! Image Credit: Shutterstock Dubai: The pandemic situation has created a high demand among the residents to upgrade the sizes of their homes for better living. Attractive property prices and favourable mortgage interest rates have further fueled people’s desire[…]

Real estate on the rise – News

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Residential sales prices and rents forecast to be more stable this year, although modest declines expected on average According to the latest research by one of the leading international real estate services firm, Chestertons, Dubai’s residential sector enjoyed a comparatively strong second half of 2020, supported by an increase in completed property sales[…]

Rise and fall of UAE Arabtec: From building Burj Khalifa in Dubai and Louvre Abu Dhabi, to filing for bankruptcy

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Arabtec project sites are not operating in full active mode, according to construction industry sources. The market is waiting for Arabtec to provide some updates on its operations. Image Credit: Clint Egbert/Gulf News Dubai: The UAE’s once mighty construction giant Arabtec is all set to be broken up. It sure looks that way. On Sunday[…]

Dubai’s Union Properties’ accumulated losses at Dh1.96b – but developer is confident

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Union Properties’ is certain that any upcoming turnaround will immediately improve its prospects, and whittle down accumulated losses. Image Credit: Ahmed Ramzan/Gulf News Dubai: Dubai master-developer Union Properties’ accumulated losses as of end 2020 were Dh1.96 billion – which is 45.7 per cent of the company’s share capital. It will be a percentage that Union[…]

UAE cabinet approves programme to attract remote workers

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The federal cabinet of the United Arab Emirates approved a new system allowing professionals to reside in the Gulf state while working remotely for employers abroad, a scheme that the emirate of Dubai launched by itself in October. The UAE has taken several measures to attract wealthy foreigners as the COVID-19 pandemic and low oil[…]

Dubai announces Ramadan COVID-19 precautionary measures

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ANKARA: Following its lawsuit to ban the pro-Kurdish Peoples’ Democratic Party (HDP), the Turkish government’s crackdown against the party escalated on Friday morning, with dawn raids carried out on houses in Istanbul, Ankara and several other cities detaining dozens of people, including local HDP executives. The government claims the HDP has ties with the outlawed Kurdistan[…]