Monthly Archives: November 2017

Decree 43 of 2013 laid down set rules on how landlords could raise rentals – but did not account for decreases. Under the regulations, an increase of 10% was permitted if the rental fell within 21% – 30% of average … Continue reading →

HH Sheikh Mohammed bin Rashid Al Maktoum has approved a new penal order system that will see Dubai Public Prosecution dealing with minor misdemeanours and offences – via fines – rather than through the court. The good news for many … Continue reading →

Damac has announced that it sold 85% of its luxury Věra Residences’ units on 04 November, the opening day of sale. The 30-storey tower is located in Business Bay overlooking the Dubai Canal. Only last month, the developer sold out … Continue reading →

This week, a US$ 736 million JV was announced between Dubai Airport Free Zone Authority and wasl Asset Management Group to set up Dubai CommerCity. Located on a 2.1 million sq ft plot in Umm Ramool, MENA’s first dedicated e-commerce … Continue reading →

HH Sheikh Mohammed bin Rashid Al Maktoum has launched the One Million Arab Coders initiative which he hopes (and expects) to equip young Arabs with fluency in coding and programming. The forward thinking Ruler sees coding as the language of … Continue reading →