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January 13

UAE moots freehold visa grants


The issue of freehold property visas linked to foreigners' ownership of properties in different emirates is being reviewed by the UAE federal government. Nasser Bin Hassan Al Shaikh, director-general of Dubai Government's Department of Finance, said there are thoughts at the federal level to streamline the freehold visa process and announce a unified guideline for all the emirates.
Source: AME Info

October 15

Dubai Air Port Massive Operation

Dubai Airport
Dubai is emerging as one of the wealthiest city of the world in view of it continuous growth the government of UAE is continuously investing billions of dollars for the expansion. The massive traveling Operation is done by the Civil Aviation Department , it was the world’s 27th busiest airport in 2007, managing  34.34 million passengers. The airport targets 40 million for the year 2008. In June 2008, the airport served over 100,000 passengers per day, and 120 airlines to over 205 destinations. An important contributor to the Dubai economy, 13,000 people are employed at the airport.

August 11

Tips for successful property deal in Dubai Real Estate Market

The primary reasons for the requirement for additional collateral when obtaining a loan to purchase real estate in Dubai include the general instability in the region. There is a concern on the part of some mortgage lenders that something might cause a disruption in Dubai that might affect the property collateral in that country. Thus, the typical lender will want additional collateral for any loan. Additionally, while the real estate related laws in Dubai are very liberal, there is always some concern that a new regime might take control of the country causing a disfavor able alteration in the real estate laws in that country. Again, for that reason, lenders desire additional protective collateral in regard to the purchase of real estate in Dubai.

July 03

An Overview of Dubai

Originally a small fishing settlement, Dubai was taken over in the 18th century by a branch of the Bani Yas tribe led by the Maktoum family who still rule the emirate today. At that time the usual modes of attaining sustenance were herding sheep and goats, cultivating dates, fishing and pearling. However, the liberal attitude of the rulers made the emirate attractive to traders from India and Iran. In 1971, joining together with Abu Dhabi, Sharjah, Ajman, Umm Al Quwain, Fujairah and (in 1972) Ras Al Khaimah formed the federation of the United Arab Emirates.

Discovery of oil in the 1960’s laid the foundation for today’s modern society. Dubai has a sub-tropical arid climate with infrequent rainfall. Temperature range between 10 degrees C and 48 degrees C. The official language is Arabic. In matters of commerce, English and Arabic are both used.

The city is located on the banks of Creek, a natural seawater inlet cutting through the center of the city. Central business is divided into two parts. Deira is on the northern side and Bur Dubai is in the south, connected by a tunnel and two bridges. Each has its share of business centers, shopping malls, hotels, residential and commercial complexes, hospitals and schools.

Some of the tourist spots worth mentioning are landscaped public gardens on the Bur side of Dubai; a bird sanctuary near a shallow lagoon at the inland end of the Creek which attracts migrating shore birds; the Wild Wadi water park featuring 23 water rides and a fake thunderstorm; Ski Dubai, an indoor ski resort; desert safaris; Sundower dune dinner (dinner theatre); the Gold Souk, the famous shopping area; Sheikh Saeed house (former residence of the ruling family); and the museum located at Al Fahidi fort.

Dubai provides detailed information on Dubai, Dubai Hotels, Cheap Flights Dubai, Dubai Jobs and more. Dubai is affiliated with Egypt Travels.

April 24

Dubai Duti Free Shop at Dubai International Airport

Another exciting year has come to an end at Dubai Duty Free with the retail operation announcing record annual sales of over Dhs 2.56 billion (over US$712 million), representing a 20% increase over last year.

Commenting on the year end figures, H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Department of Civil Aviation, Dubai said: “it has been another remarkable year for Dubai Duty Free, which has retained its position as the third largest airport retailer in the world in terms of turnover. The operation is continually reviewing and revising the retail offer and I congratulate the team at Dubai Duty Free on its ongoing achievements.”

As expected, the last month of the year provided the operation with some new sales statistics, when daily sales on the 20 th December, Dubai Duty Free's 23rd Anniversary, soared to an unprecedented Dhs29.5 million (US$8.2 million). The month of December also set a new monthly record with sales topping Dhs290 million (US$80 million).