Expatriates and non-Muslims acquiring assets in the UAE – property in particular – may not realize that their estate planning with regard to inheritance allocation may not hold up according to local laws.
Martin Saldamando, Thursday, 01 February 2007, ArabianBusiness/Features
Diana Milne delves deep into Dubai's property market to examine the costs and risks of this booming sector.
Diana Milne, Thursday, 01 March 2007, ArabianBusiness/Features
Personal loans can provide a quick fix in times of need, but if you don't read the small print you could find yourself paying more than you ever bargained for.
Diana Milne, Sunday, 01 April 2007, ArabianBusiness/Features
Dubai homeowners are slowly making moves to consolidate with the new UAE owner's association law set to be passed.
Martin Saldamando, Monday, 21 May 2007, ArabianBusiness/Features
Buying a freehold property and turning it into timeshare could make you good money, although there is a small catch.
David Ingham, Wednesday, 03 December 2003, ArabianBusiness/News
With the cost of living increasing all the time, how high a price are people paying to live in Dubai?
Diana Milne, Sunday, 08 July 2007, ArabianBusiness/Features
The Emirate is set for a radical shake-up of government and economy, according to a senior official.
Rob Corder says Abu Dhabi has blown away the command economy that was stifling private investment.
Rob Corder, Thursday, 02 August 2007, ArabianBusiness/Comment
Every month we provide a step-by-step guide to a different financial product. In this month's Money Clinic - we examine personal loans.
ArabianBusiness.com staff writer , Sunday, 19 August 2007, ArabianBusiness/Features
Chris Allen analyses the offer of 95% financing on properties in Dubai Sports City from Dubai Bank and Tamweel.
Chris Allen, Tuesday, 04 September 2007, ArabianBusiness/Comment
ArabianBusiness.com staff writer , Monday, 03 September 2007, ArabianBusiness/Features
Hani Zaitoun offers his views on the million dirham question - should I buy or rent in Dubai?
Hani Zaitoun, Tuesday, 25 September 2007, ArabianBusiness/Comment
Each week Arabian Business invites you to have your say on a popular issue.
Housing expenses continue to dent paychecks forcing more people to share accommodation.
Development of trade and tourism could accelerate growth over the next few years.
Reuters, Monday, 19 November 2007, ArabianBusiness/News
Islamic products are big business with local and international banks keen to get onboard.
ArabianBusiness.com staff writer , Monday, 19 November 2007, ArabianBusiness/Features
The story in Dubai is rent - a place where the cost of putting a roof over your head has tripled in five years, and quadrupled in ten.
Greg Aris, Thursday, 22 November 2007, ArabianBusiness/Features
Debt is a fact of life for tens of thousands of expatriates living in the UAE. The lifestyle makes it virtually impossible to start up a life in the Emirates without borrowing money from the bank - be it through a credit card or a loan. Diana Milne analyses the repercussions and the possible solutions.
Diana Milne, Sunday, 16 December 2007, ArabianBusiness/Features
Paying up to a year's rent in advance goes against my principles, and can be financially crippling for tenants.
Anil Bhoyrul, Wednesday, 02 January 2008, ArabianBusiness/Comment
Dubai legislative processes are evolving rapidly to regulate and modify local land and property ownership, with room for innovative new concepts.
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Comments 1-4 of 4
Posted by Zubair, Abu Dhabi, UAE on 15 January 2008 at 16:10 UAE time
We paid our rent on 7th Jan and they charged us 7 % increase and collected payment for whole year . What do we do???
Posted by Nizar Ibrahim, Dubai, UAE on 14 January 2008 at 13:46 UAE time
The rent cap should be applied throughout the Emirates as inflation is equally hitting the population of, sharjah, Ras AlKhima, etc.
Posted by Victor James, UAE on 14 January 2008 at 13:01 UAE time
Till 2003 there were plenty of homes available and rents were reasonable across the emirates. Then started the Real Estate Company ( Mark my words ) boom.It is clear in any business that a middle man will add their margins to whatever they sell. In this case the additoins are not on any logoc, but on greed. Unless the real estate companies are eliminated in the process of renting out, no one will get a fair tenancy contract.
The solution to this is simple. The government can easily develop a matrix of building location/ age of the building/ apartment size and fix up the rents and circulate it on their website / municipality websites. All renewals have to be done at the municipality. Once the deposits and cheques are received at the municipality, these can be delivered to the owner. Service charges can be levied from the tenany which can be added to the registration costs.
Increments in rent should and will take place as per law.
This is not at all a difficult effort as already enough infrastructure and personnel are deployed at all municipalities to handle arbitration. This will bring additional revenue to the government, employ more nationals and also ease the inflation.
Rent caps and other efforts never work as there are hidden costs like key money and commissions to be paid for the existing building manager, the watchman, the person who takes one around to show the building/apartment etc.
Posted by Faisal, AD, UAE on 14 January 2008 at 12:26 UAE time
After i have been charged an extra 7% on my house rent already for 2008!