Emirates commits to Dubai's development
Emirates, one of the world’s fastest growing airlines, is gearing up to play an active role in the development of Dubai’s Central Business Districts, through its sponsorship of the Dubai Forum for Sustainable Urban Development. Besides being the official sponsor, the Dubai-based airline, whose growth and success is interlinked to that of Dubai, will also [...]
Dubai passes property law
The Dubai Government issued its property law yesterday which gives non-GCC expatriates the right to acquire freehold and 99-year lease property in specially designated areas. The new law will allow expatriates who have already purchased properties to register titles with the Dubai Lands and Properties Department. GCC nationals now have the right to buy property [...]
High rental yields likely to support Dubai property prices
In the global search for investment returns the pricing of major asset classes has increased to reflect much lower interest rate levels. Interest rates are now on the way back up again but this has so far had little impact on asset pricing. So the search is still on for assets with a good yield [...]
Anglo Irish, high interest account
The Anglo Irish Bank is offering 4.85% on sterling deposits for personal use only with 90-days notice, and has a representative office in Dubai. With returns on stock markets less certain deposit accounts are proving popular with expatriate savers.
Dubai economy strong: Projects $1.6-billion budget surplus
Dubai has projected a surplus of nearly $1.6 billion in its budget for fiscal 2006, which has been approved in a law issued by Shaikh Mohammad bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Expenditure is projected at Dh72.9 billion ($19.8 billion) against revenue of Dh78.7 billion ($21.4 [...]