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Last Updated: Sat, Jun 25 2016 | 1:54 PM |

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11

Dubai house prices forecast to rebound in late 2016, early 2017

Declining apartment and villas prices in Dubai will stabilise during 2016 and return to growth later in the year or in 2017, according to new research published on Wednesday.Real estate firm Core Savills...

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Posted by: Simon Jun 25, 2016 5:53 PM [Dubai]

Wow...how many "rah, rah" agents are on this page?

With whats going on in the world of economics right now, anyone who thinks prices are going to go up this year or next are sadly mistaken.

Don't look only to Dubai's economic difficulties and the coming of new Tax regimes in the next few years...you need to look further afield...because what happens there will without a doubt effect Dubai's economy in the coming years.

The worst is definitely yet to come...

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4

Top hotelier warns of tax rate of up to 31% after VAT is introduced

Tourists and residents wishing to stay overnight in the UAE could end up paying a combined tax rate of up to 31 percent when valued-added tax is introduced, one of the region’s most senior hoteliers has...

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Posted by: Ahmed Ali Jun 25, 2016 5:54 PM [United Arab Emirates]

Also - I what about the VISA entry fees for those coming into UAE. I believe for a Pakistani tourist they pay upto 400 AED to obtain a Visa at the entry of Dubai airport? Yet Ive done some calculations that staying in a 4 Star Dubai Hotel for a month at 500 AED is cheaper than a Marina Apartment which you have to furnish, pay DEWA bills, Du Internet ect.

Good topic.

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1

70% of Dubai residents ‘interested in dual citizenship’

Most Dubai residents would be interested in acquiring dual citizenship if it was permitted under UAE law, a survey has revealed.The study conducted by Emirates247 showed that 60 percent of respondents...

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Posted by: Owais Ahmed Jun 25, 2016 5:54 PM [Pakistan]

Emirates should provide its passport to other nationalities as well although now Emirates is a developed country.
People would love to avail this facility if only UAE government will regard this.

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37

UAE recruiter warns of 'mass exodus' of expats due to high costs, lack of jobs

Cost of living increases and an uncertain jobs market could see a “mass exodus” of expats from the UAE, said a recruitment expert.The fallout from the oil price slump means some expats can no longer afford...

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Posted by: Mohammad Ali Jun 25, 2016 11:05 AM [UAE]

Agree with Sam

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6

Saudi Arabia mulls plan to ban expats from HR, recruitment jobs

Saudi Arabia’s Ministry of Labour has outlined plans to prevent non-Saudis working in human resources (HR) and recruitment for the private sector.The Saudi Gazette reported that the ministry had asked...

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Posted by: tfg Jun 25, 2016 8:41 AM [saudi]

@Ahamd, Its the norm in every nation to give job priority to its own nationals. Ignore all the negative feedback from non nationals who place their own self interest over the interest of the UAE.

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3

Government announces new visa system for UAE residents

All UAE residents will be able to carry out all visa and residency transactions via a new system that has been introduced by the General Directorate of Residency and Foreigners Affairs (GDRFA).State news...

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Posted by: MCH Jun 25, 2016 8:41 AM [UAE]

there is no need for insurance at all. I just changed my visa sponsor and got passport visa stamped and emirates ID followed 3 days later...

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1

Saudi Arabia, Microsoft ink technology training deal

Saudi Arabia has signed an agreement with Microsoft under which the company will train young Saudi nationals and share expertise to inform the kingdom’s fledgling technology sector, it has emerged.Deputy...

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Posted by: EE1 Jun 25, 2016 8:42 AM [Earth]

Very interesting and it is an absolute bless for their youth to witness such a reform not to mention having the chance to participate in it. Much respect.

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5

Electronic devices must be switched on or US, UK bound passengers may be turned away, Emirates confirms

Emirates Airline has confirmed that all passengers flying to the US, Canada or the UK must have their mobile phones, tablets and other electronic devices charged before they board the flight or they will...

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Posted by: Pandit Jun 25, 2016 8:42 AM [India]

What if, somebody is travelling from US to India and carrying the Laptop which is Not Working.

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1

Kuwait sues IOC for $1bn over Olympic ban

Kuwait is seeking $1 billion in damages from the International Olympic Committee (IOC) for banning the country from international competitions, state news agency KUNA reported. The IOC suspended Kuwait...

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Posted by: John Jun 25, 2016 8:43 AM [UAE]

Why were they banned? The article fails to say why.

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3

'Off-plan developers cannot impose extra costs on investors after sale', declares RERA chief

Real estate developers are not allowed to raise the cost of off-plan units on handover even if they increased in size during construction, Dubai’s Real Estate Regulatory Authority (RERA) said this week...

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Posted by: Saeed Jun 25, 2016 8:44 AM [UAE]

There are several developers like al masah international real estate development in Dubai that are still playing with investors money since 2007 in their cadi 4 project building and till date have not yet got the flats registered in their names and the developer has not yet completed construction of the building. When will RERA take action against this developer, investors have paid almost 75 -100% of the sale agreement and desperately seeking RERA intervention.

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