Abu Dhabi rent committee oversee cases and disputes

Many residents in the capital are often unaware of their legal rights, as well as the legal route they can take should a dispute arise between them and their landlord. They need to be aware that the Abu Dhabi rent committee exists to handle cases between both the tenant and the landlord. If your landlord Read More …

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UAE drafting new law on 100% foreign ownership

Decree, in advanced stage, to further boost business sectors. The UAE is in an advanced phase of drafting a new federal law on foreign direct investment, or FDI, that would allow 100 per cent foreign ownership in some activities and sectors outside free zones, Economy Minister Sultan bin Saeed Al Mansouri said.In his keynote address Read More …

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Landlords in Dubai ‘refuse to renew contracts’

Landlords are illegally refusing to renew tenancy agreements in several areas of Dubai, the property rental regulator and experts say. More than 30 tenants in International City, 30 in Deira and 20 in Silicon Oasis say that a few months before their contracts ended, they were told by the landlord to move out. Owners have been Read More …

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Dubai and NY commercial courts ink cooperation deal

UAE-US business ties were boosted on Monday with the signing of a cooperation agreement between DIFC Courts and the United States District Court for the Southern District of New York, or SDNY, the oldest and busiest district court in America. The two courts’ respective chief justices met in Dubai to agree a memorandum of guidance, Read More …

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Dubai Human Rights recovers Dh21.5 million in delayed workers’ wages

Intensified police measures slashed human trafficking cases in Dubai to less than half in 2014 while 148 companies were blacklisted over workers’ rights. From 13 in 2013, human trafficking cases in the emirate declined to six in 2014 thanks to the opening of a human rights office at the Dubai airport, the distribution of more Read More …

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Good going for DIFC in 2014

Dubai International Financial Centre (DIFC) recorded an 18 per cent increase in the number of active registered companies operating within it, reaching 1,225 firms at the end of 2014, compared with 1,039 in 2013. Also, the financial hub issued licences to 242 new companies in 2014, compared with 199 in 2013, representing an increase of Read More …

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Ghobash: Excellence and competition key variables in improving organisational performance

Saqr Ghobash, Minister of Labour, emphasised on promoting a culture of excellence and competition between the employees and internal departments, considering them essential enablers in improving the organisational performance. “The Ministry continuously aims towards achieving advanced levels in performance within various organisational units and departments, all through the implementation and application of ambitious operational plans Read More …

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Seek advice when in financial trouble, Filipinos told

Grace Princesa, Philippine Ambassador to the UAE, gave the advice following the robbery attempt at a money exchange centre in Abu Dhabi allegedly by a veiled Filipina on Sunday. The suspect, whom police identified as A.L.R., 33, was arrested on the scene. Surveillance footage of the arrest showed the alleged suspect threatening the staff of Read More …

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Indians in UAE: Rent or buy? Poll reveals big Dubai property moves

The majority of Indians living in Dubai are planning to buy an apartment rather than a villa or townhouse, reveals a new survey.Around 60.80 per cent of Indians surveyed have been searching to buy a house in the past three months, out of which 82.86 per cent are interested in buying apartments, states Bayut.com, an Read More …

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Remember the time: Rent studio in Dubai for Dh9,500 a year – Emirates 24|7

Rents for apartments in Deira, the old Dubai, have risen by nearly five times in last three decades, a report by Asteco reveals.The property consultancy said annual rents for studio and three-bed units stood at Dh9,500 and Dh25,000, respectively, in 1986, which in 2014 rose to Dh45,000 and Dh135,000, respectively.The report, which tracks the evolution Read More …

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Internet giants support Arab social media summit

The first Arab Social Media Influencers Summit, an initiative launched by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has named Google, Twitter, YouTube, LinkedIn and Yahoo as partners of the summit. The support of these high-profile global companies is set to significantly enhance Read More …

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