At the beginning of 2017 Dubai’s residential real estate market appeared to be in the early stages of an upswing, in large part because of a surge in off-plan sales. While off-plan sales in the emirate increased by 45% quarter-on-quarter (q-o-q) in the first three months of the year, according to UK-based property firm Chestertons, momentum...
The UAE federal government has exclusive jurisdiction to legislate in relation to UAE taxes. However, no federal tax laws have been established to date. Instead, most of the emirates enacted their own general income “tax decrees” in the late 1960s.
Investments worth $163bn are planned over the next three decades to reorganise Dubai’s energy sources for its water and power needs. The aim is that by 2050 renewable energy will have replaced carbon fuel as the primary component in the emirate’s energy mix. In order to accomplish this, intermediate targets have been set for 2020 and 2030....
What strategies is DEWA setting up to ensure production capacity can meet growing demand?
In 2017 Dubai was on the cusp of what is widely expected to be a multi-year building boom. Driven most immediately by preparations for Expo 2020, the construction of new and improved infrastructure and major event spaces constitutes an important component of the construction pipeline for the foreseeable future. At the same time, Dubai’s...
With increasing road, air and maritime transport movements and the recent launch of a new five-year plan for the emirate’s transport industry, Dubai’s reputation as a major transport centre in the Middle East has continued to grow. In 2016 the emirate saw growth in aircraft, air passenger and air freight movement, as well as in the total...
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