Visa Reforms to aid and boost Real-Estate Investments in UAE Featured
As we informed our visitors in our previous articles that UAE government and Cabinet Authorities have decided to get more flexible with their visa permit rules, the authorities made an announcement on elongating the visa period for investors and some other specialists belonging to different operational sectors. This special consideration and step were taken to boost and stabilize the currently turbulent real-estate conditions in the country that have been facing quite a downside for some time now. It looks like the decision and announcement certainly worked in favour and turned out successful in achieving the very intention and purpose behind it. UAE cabinet authorities’ announcement on allowing and granting long-term visas to investors, entrepreneurs, and specialists in other disciplines is expected to retain a higher more aggravated number of High Net Worth Individuals i.e. (HNWI’S) High Net Worth Individuals are those possessing a higher number of assets or capital and are capable of making valuable investments like land investment in a given economic set up. The Cabinet Authorities divided the types of investors and their terms and conditions on providing the respective long-term visas in to two main categories i.e. Investors with a property investment value of AED 5 million […]
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Ready to Hail a Driverless Taxi in Dubai? Featured
UAE has been known globally for its out of the box and head-turning inventions the world over. When it comes to technological advancement, the region makes sure that no stones remains unturned and goes with all its might to provide the maximum ease and feasibility that technology can, to its residents. One such recent invention and advancement was announced by RTA- The Roads and Transport Authority in the region to introduce electrical driverless cars in Dubai that would run on batteries and smart artificial intelligence technologies and would have no drivers in them. The trial period for these driverless taxis was announced to be conducted in December in the Dubai Silicon Oasis area. So guess what? It is December! And we are all eager and excited to see what this new wonder has in store for us. View this post on Instagram @dgworlds #Repost @dgworlds (@get_repost) ・・・ More about @rta_dubai #Autonomous #Taxi .. #DGWorld #DGW #digirobotics #Repost @gitextechweek (@get_repost) ・・・ Come and check out @rta_dubai autonomous taxi at #GITEX2018. #GITEXFutureStars #Dubai #UAE #DubaiWorldTradeCentre #tech #news #technews #business #VR #AR #science #cybersecurity #innovation #AI #Internetofthings #BigData #MachineLearning #Robots #ExperienceFutureUrbanism #5GNetwork #Security A post shared by DGWorld (@digirobotics) on Oct 17, 2018 […]
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UAE passport has been ranked the most powerful passport in the world bagging the 1st spot in global rankings. Featured
A new historic achievement… #UAE passport has become the strongest passport & now ranks 1st globally. The achievement coincides with 'Year of Zayed' & UAE's 47th National Day, adding to UAE's numerous accomplishments in various domains.https://t.co/TDcplkB35S pic.twitter.com/OkeBkfs7M9 — Dubai Media Office (@DXBMediaOffice) December 1, 2018 In a recent survey conducted by The Passport Index; one of the most widely acknowledged and followed interactive online tools that provides its users with insights on the ranking of passports across the globe against their freedom of movement and visa-free travel open to the passport holders. This tool then compares the passport values of countries and ranks them in an order. This very tool i.e. The Passport Index carried out its ranking survey of 2018 and ranked UAE on top declaring the UAE passports as the most powerful in the world right now. This proud news came in at the same exact day as UAE’s 47th National Day Celebrations adding further to the country’s pride, happiness and celebrations. The announcement ,made official by the Ruler and Prime Minister of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum on his twitter handle read of his elatedness and pride over the country’s achievement coinciding in […]
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The Land Prices in Dubai are now 50% cheaper than they were in 2008 Featured
The average land sales prices in Dubai in current times is on a half and half drop from the prices in 2007-2008. This clearly indicates that this is probably the best time to invest in those premium plots you have always had your eyes on. The average cost of Dh 325 per sqft, according to Reidin, is the same across freehold and leasehold areas compared to Dh 700 – Dh 800 circa 2007-08. Upon this analysis by Reidin, the CEO of a major real-estate company Fam Properties, Mr Firas Al Msaddi commented: “That means huge savings in outlay and a properly planned development strategy can maximise the return on investment. Investors are taking advantage of the current low cost of prime land in Dubai to exploit profitable opportunities for development. Investors who fail to study the market in detail to ensure they pick the right plot and devise the correct development plan can destroy profits.” Lower construction costs are also being considered as one of the most pivotal and triggering factor for this drop in the current land sales prices. As one a developer sells land, they calculate a cumulative price of all that goes in building it like raw […]
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His Highness Sheikh Mohammed Bin Rashid Al Maktoum frees 1,800 prisoners ahead of UAE’s National Day! Featured
National Day for UAE has always been an avant-garde and yet an extremely emotional and intimate occasion. With wide ranging celebrations to practising ultimate kindness with all the residents of the country, the rulers have always dignified the event more. Thus, maintaining the same, this year as well, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Ruler and Prime Minister of UAE decided to release prisoners and inmates who have been serving within the prisons for minor crimes thinking of their families and the value of freedom to them. His Highness ordered the release of 627 prisoners from Dubai‘s prison ahead of the 47th National Day. Some other Rulers also followed suit and decided to pardon these prisoners. The Ruler of Sharjah, His Highness Sheikh Sultan Bin Mohammed Al Qasimi ordered and approved the release of 182 prisoners, The Ruler of Ajman, His Highness Sheikh Humaid Bin Rashid Al Nuaimi pardoned 90 prisoners, and The Ruler of Ras Al Khaimah and Supreme Council Member, His Highness Sheikh Saud Bin Saqr Al Qasimi order the release of 205 prisoners. All these advancements by the rulers of these states were made in encouragement of UAE’s President His Highness Sheikh Khalifa Bin […]
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UAE Cabinet issues long-term visa systems for Investors! Featured
In one of our article releases earlier in the year, we informed our readers on how the Government authorities in the region had decided to grant investors in the region with a 10-year residency visa in order to boost and propagate investments in UAE. Thus, upon a recent meeting, the Cabinet authorities came up with a set of terms and conditions under which these visa extensions and long-term visa grants will be provided to different types of investors. However, this initiative does not center around investors only. But, also includes professionals and specialists from the medical, scientific, research, as well as technical fields. The primary reason behind this decision is certainly to motivate, propagate, uplift and support all kinds of infrastructural, technological and educational advancements within the country. This decision aims to establish and promote UAE’s image across the globe as a country with the finest set of opportunities and an extremely optimal environment to pursue business setups in. The visa policies for all the mentioned field associated individuals vary. We would be focusing on the terms, conditions and set of rules defined for investors in particular as per long-term visa grants. In terms of long-term visa grants, this policy […]
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Apply for Entry Permits & Visit Visas to UAE in just 15 seconds now! Featured
UAE has known to be a country always upgrading and modifying its technological vigor. A country known to be a tourism hub, a haven and home to hundreds and thousands of expatriates flowing in each year in search of better futures and opportunities, UAE has always firmly believed in the provision of the best of services to its residents as well as visitors. Be it for tourism purposes, visiting relatives or just coming to the country in search of opportunities, people travel to UAE in large volumes and facilitating them with utmost precision and efficiency is a herculean task. The General Directorate of Residency and Foreign Affairs (GDRFA), therefore, came up with the idea of introducing and incorporating the latest technology of Artificial Intelligence within its operating system. This device, working along the principles of Artificial Intelligence has minimized human intervention drastically and works in record time with utmost precision. This device, called the “Entry Permit 50+”, was tested to process and finish over 5 million transactions in a record time with officials confirming absolutely 0 waiting and 99% fewer visitors now visiting the service centers and waiting in queues. Major General Mohammed Ahmed Al Marri, the Director General of […]
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4 day long weekend coming ahead in UAE on the 47th National Day of the country! Featured
The announcement regarding the two-day holiday in lieu of UAE’s National Day Celebrations was made by the UAE Council of Ministers on Friday, November 16th, 2018. In their announcement, they mentioned that Sunday, December 2, 2018 and Monday, December 3, 2018 will be a holiday for both the public as well as private sector in UAE. As Fridays and Saturdays are already off in most offices and operational sectors across the region, this will provide the residents with a chance to relish a 4 day long weekend at their homes with their families and heave a sigh of relief away from the monotony of everyday routines. The National Day in UAE is a big affair every year. The day is celebrated with utmost grandeur and enthusiasm all across the country. However, this year, The Ruler, and Prime Minister of UAE, His Highness Sheikh Mohammed Bin Rashid Al Maktoum announced that UAE looks forward to celebrating the country’s achievements rather than personalities. #مجلس_الوزراء يعتمد يومي 2 و 3 ديسمبر عطلة رسمية للقطاعين الحكومي والخاص في الدولة بمناسبة #اليوم_الوطني الـ 47 على أن تبدأ الإجازة من يوم الجمعة ويستأنف الدوام الثلاثاء#وام — وكالة أنباء الإمارات (@wamnews) November 16, 2018 Thus, we at […]
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UAE’s National Festival of Tolerance to be celebrated from November 9, 2018 to November 16, 2018. Featured
UAE has been known as one of the countries that hold rock-solid values in terms of their outlook towards tolerance and decades after decades, the rulers of the state have inculcated and inherited the same values to their successors which they have imbibed upon. UAE is the perfect pinnacle of what is called a global village. It homes hundreds and thousands of expatriates coming from various different corners of the globe to this country. It, thus, becomes the need of the hour that the governing system of the country speaks and breathes tolerance towards race, language, color, creed, age, occupation etc. Therefore, the governing bodies in this respect, have taken some active steps to endorse the significance of the matter. UAE cabinet hosts a Minister of State for Tolerance under the UAE Ministry of Tolerance. Every year, the country hosts several conferences, programmes, activities, tournaments, etc to promote this message to the world out there and make them see how important it is to accept others wholeheartedly and to not shame others or hate on people. The country sends the most important message of peace and tolerance to the world on a global scale. The Honorable Vice President and Prime […]
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Real Estate loan policy becomes more flexible after Central Bank of UAE removed the 20% cap on Real Estate lending Featured
In a recent announcement to the media, Mr. Al Ghurair, the Banking Federation Chief announced that the 20% cap on real-estate lending as a percentage of the total deposits of the banks would be lifted by the Central Bank of UAE. The lending cap was lifted in lieu of a new law issued in October and a new ceiling has not been put in place yet. Mr. Al Ghurair shed some light on the advancement saying that the banking body is working with the regulator to define what real-estate actually is and what falls under it i.e. whether the loans for assets such as hospitals, schools, malls and mortgage landing would classify as real-estate loans? If in these cases the repayment source of the borrower is through their salaries? Adding further Mr. Al Ghurair stated: “With the new law there is no restriction … it has been lifted. The 20 per cent cap [on loan exposure to banks] was prescribed in the law No 10 and that has now been abolished.” Thus, this advancement surely looks like a positive one and would act to promote and encourage real-estate investment within the country as now people with even a slightly unsure […]
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UAE ranked as the 2nd safest country in the world by the UK based magazine Which? Featured
During a recent online poll conducted by a UK based travel magazine Which?, UAE was voted as the 2nd most safest country in the world when it comes to crime rate next to Iceland at the top. UAE beat highly global travel destinations like Thailand, Italy, France and US to this ranking. Which? ranked 20 countries around the world based on the data produced by the World Economic Fund (for crime rates), the World Risk Report (for likelihood of major natural disasters), the NHS Fit for Travel website (for health risks), and the Foreign and Commonwealth Office’s (FCO) assessment of terrorism risk levels. All the reports came to a conclusion that Iceland is the safest country in the world at the moment when it comes to crime rates, likelihood of major natural disasters, health risk or terrorism amongst all its contemporaries. The UAE hence, stood second to Iceland with almost non-existent percentage of crime rates, likelihood of major natural disasters, health risks or terrorism. However, downright through the bottom, the countries ranked with the worst crime rates are India, Thailand, South Africa, Turkey & Mexico. Astounded by the diversity of the results itself, the Magazine stated: “Of the 20 holiday […]
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Public and Private Sectors in UAE get a 3-day weekend on Prophet Muhammad’s (PBUH) Birthday! Featured
Contrary to what everyone in the UAE was reckoning about this holiday to be on Tuesday, November 20th, 2018 as that is the exact date for Prophet Muhammad’s (PBUH) Birthday, the Ministry of Human Resources and Emiratisation took to twitter and announced that Sunday, November 18th, 2018 would rather be declared as a holiday adding to the two-day weekend. تقرر أن يكون يوم الثامن عشر من شهر نوفمبر الجاري عطلة رسمية مدفوعة الأجر لجميع العاملين في منشآت ومؤسسات وشركات القطاع الخاص في الدولة بمناسبة #المولد_النبوي_الشريف. pic.twitter.com/V4Bd8YAHYs — MOHRE_UAE (@MOHRE_UAE) November 6, 2018 The decision came forward after the Minister of Human Resources and Emiratisation, Nasir Bin Thani Juma Al Hamli issued a circular around the Ministry and extending his greetings to all the UAE citizens for this auspicious occasion. Thus, we at dxboffplan.com, extend our heartiest greetings to all UAE citizens too and hope that they will have a good relaxing long weekend and their much deserved rest through it.
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UAE amnesty scheme further extended for a period of one month Featured
We provided our readers with all the details regarding the famous amnesty scheme UAE authorities came up with this year in August in order to filter and correct the country’s residency system by scanning out illegal residents. These illegal residents were provided with a chance to either legalize their residential status within UAE or leave the country on Government’s expense. Hundreds and thousands of such inhabitants came out in the open and sought amnesty. Many of such residents were facing financial problems in lieu of which they could not even exit the country by simply buying tickets back home. Many were such who were oblivious of regulatory conditions and did not know the right plan of action. Thus, UAE authorities helped all such people by setting up operating centers across the whole country for them to reach out. Therefore, after encountering the success of this mission and seeing the magnitude of the issue, the government has decided to extend the amnesty period to a further of another month and help people effectively. Acting Director-General of Foreigners and Ports Affairs at the Federal Authority for Identity and Citizenship, Brigadier Saeed Rakan Al Rashidy while shedding some light on the advancement stated: […]
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UAE launches its first-ever satellite ‘Khalifa Sat’! Featured
Time and again, UAE has proven itself to be a country that is strong footed and is all ready to take on the challenges of this advancing world. Be it economic, geographic or technological advancements, this country has never shied away from incorporating such progressions. Hence, that is how it continued its undying passion for excellence and recently launched UAE’s first-ever Emirati-made satellite named ‘Khalifa Sat’ on October 29, 2018. Khalifa Sat took off into space from Tanegashima Space Centre in Japan at 8:08 am UAE time holding the H2-A rocket and Japan’s environment satellite, GoSat-2. #wam_video | The historic launch of #Khalifasat pic.twitter.com/UqrY13TK9E — WAM News / English (@WAMNEWS_ENG) October 29, 2018 The idea behind this satellite is to capture Earth’s images from space. These images coming in to Earth from Space will be captured by the satellite’s camera and released from the space center when ready. Built with zeal at Mohammed Bin Rashid Space Center, this satellite is proudly the most advanced Earth observation satellite for the UAE in history. #wam_video| #KhalifaSat launch underscores UAE's outstanding capabilities in space manufacturing field pic.twitter.com/BGfZjnHGdv — WAM News / English (@WAMNEWS_ENG) October 29, 2018 This path-breaking step was very well appreciated […]
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Mental Health Issues to be covered by Insurance in Dubai Featured
Mental Health is a taboo that is so widely known and acknowledged to be a taboo but still not catered in the way it should be catered. Not just the developing countries but even highly progressive societies have also not adjusted to the very existence of mental health as a thing entirely till date. This palpable health condition is often attributed to as self-created dilemma or self-sabotaging behavior. However, people are not keeping mum about it anymore and this very issue is being addressed at a global level now. Thus, in lieu of these recent advancements towards this taboo globally, UAE authorities have also stepped forward to take profound and active strides into addressing Mental Health effectively. This is certainly a positive and good step as a government body for UAE’s residents and expatriates alike. The inclusion of Mandatory Mental Health Illness Treatment within people’s Health Insurance Packages will not only facilitate them monetarily and save them from hefty expenses associated to such treatments but will also strengthen them and keep their privacy intact. The awkwardness associated with openly communicating about your mental health is a major factor why some people shy away from the treatment making this condition even […]
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