Traditionally, off-plan projects required buyers to make substantial upfront payments directly to developers. For instance, a typical payment structure might demand a 60% payment during the …
Dubai vs Los Angeles: How much real estate can you buy with $1m?
Dubai continues to experience an incline in the city’s real … according to data from Norada Real Estate Investments, fuelled by rising national mortgage rates across the country. Research has …
Chinese Investors Seize Chances From D33 Agenda to Enter Middle East, Global Markets via Dubai
Chinese new energy companies have been investing heavily in Dubai. The Middle East is known not only for the oil wealth but also for the sunshine, which supports the development of the photovoltaic …
UAE retail investors prioritise ESG in decision-making
Not long ago, businesses were judged mostly on their financial performance. More profits were essentially a byword for success. Today, however, companies are also being evaluated on their adherence to …
Spend rupees in UAE: New rupee-based shopping for Indians tourists
Key sectors in the UAE – from retail to hospitality to gold and jewellery sales – will be immediate beneficiaries as Indian tourists get the option to pay for their transactions using the rupee and …
UAE: Gross banks’ assets at $1.17trln by end of April 2024
ABU DHABI: Gross banks’ assets, including bankers’ acceptances, increased by 1.0 percent from AED 4,254.5 billion at the end of March 2024 to AED 4,296.5 billion at the end of April 2024, according to …
Dubai real estate sales hit $52.5bn in H1 as apartment, villa and rent prices all increase: report
Dubai real estate sales and rental transaction data shows sign of strong increases for years to come says Espace report …
UAE holds first strategic financial dialogue with Poland
The UAE, represented by the Ministry of Finance, has held the first Strategic Financial Dialogue with the Republic of Poland in Warsaw to strengthen bilateral cooperation in various financial and …
Nasdaq Dubai welcomes $500mln sukuk by the Sharjah Islamic Bank
Sharjah Islamic Bank’s Sukuk on Nasdaq Dubai, oversubscribed 3 times, showcases the strong demand from international and regional investors …
Nasdaq Dubai welcomes US$500 million Sukuk by Sharjah Islamic Bank
Nasdaq Dubai welcomed the listing of US$500 million Sukuk issued by the Sharjah Islamic Bank (SIB). This marks the sixth issuance under the bank’s USD 3 billion Trust Certificate Issuance Programme …
Oman’s real estate investment gets listed on MSX
A dedicated property manager will ensure effective management and oversight of properties Dubai: Oman’s Jabal Asset Management … following an Initial Public Offering (IPO) last month. Jabal REIF has …
Nasdaq Dubai welcomes $500mln Sukuk by Sharjah Islamic Bank
CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Ahmed Saad said, “We are delighted by our latest Sukuk listing on Nasdaq Dubai, which showcased strong demand from international and regional …
Ajman Free Zones Authority, ruya tie-up to offer banking for startups, SMEs
Digital-first Islamic bank to offer Ajman firms digital accounts with no minimum balance Digital-first Islamic bank to offer Ajman firms digital accounts with no minimum balance Image Credit: …
Are high insurance costs pricing retirees out of living in the UAE long term?
While the UAE is attracting more retirees than ever, many find they are unable to keep up with the costs of health insurance, particularly in the over-60s bracket. There are no specific packages for …
UAE Authorities Expose Alarming Surge in Trade-Based Money Laundering Cases
The UAE authorities have reported an alarming rise in cases of trade-based money laundering (TBML) in 2022 and 2023, revealing the sophisticated methods fraudsters employ to disguise illicit financial …
UAE Banks Face Earnings Slump as Saudi Arabia Takes Lead in GCC
Banks in the United Arab Emirates (UAE) are bracing for a decline in profits for the second quarter (Q2) of 2024, according to a recent report by CI Capital. This stands in stark contrast to the …
Jain’s new hedge fund spawns fans, doubters
DUBAI: Inside the elegant Breakers Palm Beach resort, Bobby Jain made his multibillion-dollar pitch. The Abu Dhabi Investment Authority was his audience, the steward of one of the world’s great …