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Thursday, 28 August 2008 |
His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Law No 14 for 2008 that will regulate property mortgages and the relations between mortgage issuer and the borrower. The 35-article law includes all procedures concerning a mortgage and its legal effects on the concerned bodies, as well as execution procedures on the mortgaged property and the relations between the mortgage lender and borrower. The law makes property insurance mandatory. |
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Thursday, 07 August 2008 |
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Pulse, the new community television channel for Dubai Media City, Dubai Internet City and Dubai Knowledge Village, was launched recently to provide free zone companies, employees and guests with a unique and innovative corporate communication medium. The channel, which transmits for 12 hours a day, from 8am to 8pm, showcases a diverse range of news, information and advice segments, right from the get go, from media partners such as Reuters, Arab Media Group, Metra, and Explorer Publishing. Others also contributing content include HP, Symantec, The Rights Lawyers, Globaleye, Mefitpro, and Hayya! Globaleye, for instance, provides valuable financial tips which will be played throughout the network.
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Sunday, 03 August 2008 |
A survey of expatriates by HSBC Bank International has named the United Arab Emirates as the most luxurious location, with Singapore ranked top for accommodation.
By contrast, the UK was the worst destination in luxury terms, and also scored poorly on housing, with only one-fifth of expatriates reporting that their standard of accommodation had improved since moving to Britain. |
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Friday, 25 July 2008 |
The A-Z Property Guides (Dubai and Abu Dhabi) can now be purchased online on souq.com/oms and will be delivered anywhere in the United Arab Emirates. Dr. Ali Matar (Editor-in-Chief) concludes, "First time buyers and investors entering the UAE real estate market are now researching a lot more prior to buying a property then a few years ago and that's where the A-Z Property Guides really assists the buyer as all key projects are placed in chapters from a to z with necessary and to the point information with the developers contact details and off course topics from mortgage tips, property law and buying process are also covered". |
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Tuesday, 27 May 2008 |
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UAE-based financial advisory Globaleye has teamed up with Hong-Kong based Chesterman Consulting to offer bespoke retirement and other employee benefit solutions to GCC companies with global aspirations. Daniel O'Riordan, joint CEO of Chesterman-Globaleye Ltd, was the architect of the recently implemented Retirement Plan for the luxury hotel chain Jumeirah Group, a member of Dubai Holding. |
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Wednesday, 12 March 2008 |
There seems to be a lot of talk recently about QROPS and their uses for buying property or gaining access to pension funds early. So to set the scene, let me introduce QROPS – Qualifying Recognised Overseas Pension Schemes – and try to dispel some of the myths surrounding this very exciting form of investment. That said, if you do not have a frozen pension scheme in the UK then I suggest you flip the page now. Conversely, if you are not sure if you have a pension in the UK, remembering that you do not have to British to qualify but on the basis that you may have worked for a company in the UK, you could have pension rights that you may have forgotten about. If you are going to flip the page, suggest you check with your employer(s), past and present, to see if you have any pension languishing in the UK.
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