The international financial and economic arena witnessed a significant shift with the recent expansion of the BRICS bloc. A group initially composed of Brazil, Russia, India, China, and South Africa now embraces the UAE, along with five other nations, signifying a more inclusive and holistic representation of global economies. For the United Arab Emirates, this invitation isn't just an acknowledgment of...
In the rapidly evolving real estate landscape, ChatGPT is emerging as a game-changer, enhancing customer experience and streamlining operations. As homebuyers increasingly prioritize customer experience in their decision-making, ChatGPT can elevate this experience by providing personalized recommendations, precise pricing data, and swift responses to customer inquiries. While some real estate firms have...
In a landmark move, India and the United Arab Emirates (UAE) have signed agreements to settle trade in their national currencies, marking a significant shift in their economic relationship. This development, which took place during Indian Prime Minister Narendra Modi's visit to Abu Dhabi, is set to bolster cooperation in areas such as trade, energy, and climate action. Prime Minister Modi's meeting...
In the oasis of opulence that is the UAE, a new wave of transformation is on the horizon. The potential legalization of gambling, coupled with the ongoing construction of mega-resorts by global industry leaders like Wynn Resorts and MGM Resorts, hints at intriguing possibilities for Dubai's tourism and real estate sectors. This perspective paradigm shift could attract a new demographic of international...
The real estate sector in Dubai has experienced a significant surge in recent years, with predictions valuing it at an astonishing AED300 billion by the end of 2023. The UAE, home to more than 55% of the over 200 proptech startups in the MENA region, offers a promising landscape for companies and investors alike. But this is just the tip of the iceberg - the real estate industry in the Emirates is poised...
Are you looking to tap into Dubai’s thriving market while simultaneously upgrading your lifestyle? Look no further. The SO/Uptown Dubai Residences present a golden opportunity not just to own a luxurious abode in the heart of Dubai, but also to become an entrepreneur with a complimentary DMCC business license and resident’s visa. Dubai, a city synonymous with luxury and innovation, has a sparkling...
Dubai has always been at the forefront of global innovation. Its breathtaking architecture and ambitious city planning have been making headlines for years. But the latest announcement from Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, takes this propensity for cutting-edge development to a new level: Palm Jebel Ali, an iconic international...
Hello, everyone! We're here to provide some crucial insights on the recently released guidelines by the Identity and Citizenship-United Arab Emirates (ICP). This will particularly be of interest to our Dubai-based clients who have been staying abroad for extended periods. According to the ICP, Dubai residents with a Golden Visa are exempt from these requirements. For others, however, a permit will be...
Dubai's thriving real estate market continues to set impressive records as it posted a remarkable AED2.7 billion ($735 million) in property transactions on Monday alone, as shown by the latest data released by Dubai's Land Department (DLD). This extraordinary figure is a testament to Dubai's resilient and vibrant real estate industry, underpinning its reputation as a global hub for property...
The UAE, known for its vibrant real estate market, has just seen a significant shift in its financial landscape. With the announcement of the new ministerial decision on May 17, 2023, there are updated regulations for tax liability in the UAE, and it's a major win for residents and investors alike. This strategic change, according to UAE Cabinet Decision No. (49) of 2023, clearly outlines that business...