Category Archives: Finance

Breakin’ Up Is Hard To Do

The latest Knight Frank’s report indicates that average Dubai office rents have softened 4.3% over the past twelve months, despite a marked upturn in demand, especially in relation to firms’ consolidating their operations. Falls were more prevalent in ‘A’ grade … Continue reading

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When Will They Ever Learn?

The big news of the week was that the UAE cabinet approved plans to allow foreign investors 100% ownership in some businesses and grant ten-year residency to selected expatriates, with the ultimate aims to attract international investors and high-skilled professional … Continue reading

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Lose Your Money

This week, HH Sheikh Mohammed bin Rashid Al Maktoum opened Area 2071, located at Emirates Towers, an interactive platform that will “act as an umbrella” to bring together SMEs, entrepreneurs, start-ups and government programmes. At the launch, the Dubai Ruler … Continue reading

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Wake Up And Smell The Coffee

Chestertons paint a gloomy picture of the Dubai real estate landscape and forecast further pressure on property sales prices and rental rates, as the addition of new stock and tough economic conditions take hold. It estimated that the emirate recorded … Continue reading

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Say What You Want

Azizi Developments has awarded Zahrat Al Safa Contracting two contracts (each valued at US$ 60 million) to construct Fawad Azizi and Mirwais Azizi in Dubai Healthcare City. The former will have 396 studio, 1-2 B/R apartments and the latter will … Continue reading

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For A Better Day

HH Sheikh Mohammed bin Rashid Al Maktoum’s vision to make Dubai the “Silicon Valley for the region” is slowly becoming reality, as Dubai Internet City continues to expand. The emirate’s free zone for technology and media companies is targeting 10% … Continue reading

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Summertime Blues

The week started with HH Sheikh Mohammed bin Rashid Al Maktoum meeting senior government officials. The Ruler later announced that he had instructed the “relevant entities to facilitate business procedures, reduce the cost of doing business and dedicate all possible … Continue reading

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