The ruling aims to encourage owners to renew existing leases rather than bring in new tenants at much higher rates, says expert.
More than a million immigrants from across the world have left Saudi Arabia since March.
As the UAE market outlook improves, DGCX is looking to expand its offerings.
Women value functionality over design or colours when purchasing tech products.
Over 100,000 Ethiopians repatriated from Saudi Arabia since the Kingdom began deporting illegal migrants in November.
There’s only a thin cyber line between creating an unprofessional online presence that can cost your job, and building a web brand that boosts your prospects.
Will Dubai’s massive fashion industry investment propel it to the big league?
The United Arab Emirates, in particular, is rallying its companies to launch or resume projects in Egypt.
Banks in the UAE are seeking to capitalise on the country’s growing obsession with football.
Upset with the US, senior Saudis are considering strategic relations with other world powers.
Dubai’s bid proved successful as expected and the Emirate will host the Expo in 2020 but what happens next?
Government spending has been rising rapidly since 2011, when street protests demanding jobs prompted authorities to boost welfare handouts.
Dubai’s Expo win has paved the way for a slew of infrastructure developments in the emirate.
More than 277,000 jobs are forecast to be created between 2013 and 2021, with around 40 per cent of them in the travel and tourism sector.
Most experts predict that in the short-term, rental values in the emirate will not skyrocket.
Hopes for a successful Expo bid have already led to speculation in the property market, where prices are up some 20 per cent over the past 12 months.
As Dubai basks in the success of its hard-won Expo 2020 bid, Gulf Business reveals the city’s benefiting industries.
Dubai aims to operate a globally accepted halal certification process that would be easier and cheaper.
Dubai expats’ housing allowance levels lag when compared to the sharp rise in rents and inflation.
Nearly a million foreigners have left Saudi Arabia since March, when authorities began a crackdown on illegal workers.
The Dubai Airshow 2013 has marked a tipping point for the industry, as airline bosses are now in control.
Regional carriers placed orders worth $100 billion in 15 minutes on the opening day of the Dubai Airshow
A Thomson Reuters Foundation poll on 22 Arab states found three out of five Arab Spring countries in the bottom five states for women’s rights
The carrier’s marginal growth was caused in part by a cracked wings issue suffered by the A380, says aviation analyst Saj Ahmad.
Will crowdfunding work or is it just a fad that will wither away in time?
A rise in capital outflow and a rise in Indian import taxes will bite the UAE.
The government’s latest regulation highlights the importance of responsible financing and purges the overactive mortgage providers.
Delegates can expect plenty of space, inside and out, when they visit the dedicated Dubai World Central site in November.
The United States and Saudi Arabia have been allies since the Kingdom was declared in 1932.
Anticipation of a spike in demand due to the World Expo could cause property developers to build too many projects, creating another bubble.