Construction firm Laing O’Rourke plans to add up to 4,500 more staff to its operations in the Middle East next year. The largest private construction company in the UK, it has said that its future growth will be in the GCC. The company currently employs just over 4,000 people in the Middle Ea...
Dar Al Arkan launches its Qasr Khozam development today. The new town in Jeddah, Saudi Arabia is a 4 million square metre area of land that also incorporates the palace of the late King Abdulaziz bin Al Saud. The development is expected to take six years to complete and will be done in phases. The m...
Dubai-based ACI Real Estate has launched a Dhs3bn tennis academy and resort in the UAE emirate of Ras Al Khaimah along with tennis legend Boris Becker, who holds a 50% partnership in the academy and part ownership in the rest of the resort. The Boris Becker Beach Resort and Tennis Academy is ACI...
Dubai's attorney general said yesterday that former Deyaar chief executive Zack Shahin may remain in custody until the prosecution has completed its investigation, reported Khaleej Times. The detention of Shahin, who is under investigation for alleged financial irregularities, was extended for ...
Dubai-based Nakheel and The Land Holding, a Saudi Arabian developer, have signed an agreement to form a joint venture company for the development of projects at Waterfront, a Nakheel coastal master-development. According to Yousuf Kazim, the managing director of Nakheel Joint Ventures, the new compa...
Advice on buying property in Dubai is offered by Landvest Dubai. Buying property in Dubai is now open to all nationalities. When buying Dubai properties you are offered excellent returns on investment currently averaging from 8-10% per annum.
Dubai property is available in freehold status now. The local rulers did not permit buying Dubai property in the past. Buying property in Dubai will also entitle you to a renewable residence visa. Buying property in Dubai is very lucrative and in certain cases allows you to gain a business sponsorship.
Dubai property will currently cost anything from 43000 GBP to 5000000; within this price bracket you can purchase apartments, villas and penthouses across some of the most tranquil settings. You will not have to pay legal fees for buying Dubai properties. There will be no stamp duty for Dubai properties. Returns on investment will be tax free. The procedure to buy Dubai property is simple. The buyer will have a contract with the seller. You will have to register the completed property with the local municipality.
When buying property in Dubai the local currency is relatively weaker against the Dollar and Euro meaning extra value. It is very exciting to buy Dubai properties as there are some of the most luxurious settings, for eg, on The Palm Jumeirah a man made island, Dubai Marina and The Greens next to the Montgomery Golf Course.
Buying property in the Dubai market that is still at an emerging stage offers enormous potential for the future. Buying property in Dubai can be of great benefit as stated by Sheikh Mohammed that what you see at the moment is only 10% of his vision of Dubai.
