Without the doubt, Dubai is not just a strong brand, but in a league of its own. Take for instance the global real estate market where Dubai is a key player. The city’s prime residential market is experiencing robust growth, with property values rising approx. 6.8% and rents growing by a record-breaking approx. 23.5% in […]
Dubai’s real estate market is expected to stabilise in 2025, with rent increases remaining steady, but slowing down in comparison to 2024. This trend is attributed to an abundant supply of over 72,300 new residential properties this year, an increase of 171 per cent to the previous year. Areas like Jumeirah Village Circle (JVC), Mohammed […]
The United Arab Emirates (UAE) is making significant strides towards exiting the Financial Action Task Force (FATF) ‘grey list,’ which comprises countries under increased monitoring for deficiencies in their anti-money laundering (AML) and counter-terrorism financing (CTF) regimes. Recent progress has been observed in areas such as facilitating money-laundering investigations, imposing sanctions on non-compliance at financial […]
Three cities in the United Arab Emirates (UAE) – Abu Dhabi, Dubai and Sharjah – are among the top ten most affordable global cities in the world, based on a study by Workyard Research. Kuwait claims the top spot as the cheapest city to live in globally, owing to its favorable balance between an average […]
Marián Vasil: “Interesting comparison between Florence and Dubai, my home city at the moment.” I have just spent few weeks in Florence, a beautiful Italian city with rich history, renaissance architecture, delicious local cuisine and unforgettable atmosphere. And I would like to try to make one particular, I believe interesting comparison between Florence and Dubai, […]
The Dubai Multi Commodities Center (DMCC), a renowned economic free zone in Dubai is to allow licensing for firms that offering, issuing, listing and trading crypto assets. The licenses will be offered by the specialized DMCC Crypto Center after being pre-screened by the Securities and Commodities Authority (SCA). The move is seen as a step […]
The United Arab Emirates is one of the world’s fastest-growing tax havens according to The Corporate Tax Haven Index 2021, a study of Tax Justice Network published on 9 March, 2021. On top of the list are the United Kingdoms’s offshore territories the British Virgin Islands, the Cayman Islands and Bermuda as the most significant […]
In a landmark citizenship policy change, the UAE is to allow for the naturalisation of foreign investors, skilled professionals, such as doctors, scientists, engineers, and talented people, such as artists and authors, and their families. The UAE cabinet, local Emiri courts and executive councils will nominate those eligible for the citizenship under the clear criteria […]
On 23 November 2020 the government of the United Arab Emirates officially announced that foreign investors can fully own local companies (LLC and joint stock companies) without the need for an UAE citizen sponsor currently required to hold the 51% majority. The landmark new rule takes effect on 1 December 2020, however several sectors deemed […]
Since Dubai is one of the key jurisdictions for Benson Formations and means a lot to us, therefore, to celebrate this day, we have decided to prepare some interesting and useful information about this emirate before your travel to Dubai. Dubai was established today, June 9, 187 years ago, in 1833. Later on, on December […]
