Thursday, 19 February 2015
Monday, 9 February 2015
Dubai in World,s on 13 number on ranking
Dubai in World's Top 20 dynamic cities. www.dubaibusinesskey.com
World Expo 2020
will bolster commercial activity
Dubai continues to be ranked
among the top 20 most dynamic cities in the world. The emirate is ranked 13th
on the new list.
“Dubai remains in the Top 20, although its rank has dropped as growth in commercial real estate prices moderates to more sustainable levels. Momentum is expected to continue with activity bolstered by major project spending relating to Dubai hosting the World Expo 2020,” says 2015 City Momentum Index (CMI), which ranks global cities on real estate and socio-economic factors.
Dubai will host the World Expo 2020 from October 20, 2020 to April 10, 2021. It aims to draw more than 25 million visitors to the country with total investment in infrastructure-related projects to cross Dh25 billion and nearly 277,000 new jobs being created. info@dubaibusinesskey.com
London, San Jose, Beijing, Shenzhen and Shanghai lead the 2015 ranking. Six new cities enter the list: Ho Chi Minh City, Sydney, Bangalore, Dublin, Nairobi, Melbourne and Nanjing.
“Dubai remains in the Top 20, although its rank has dropped as growth in commercial real estate prices moderates to more sustainable levels. Momentum is expected to continue with activity bolstered by major project spending relating to Dubai hosting the World Expo 2020,” says 2015 City Momentum Index (CMI), which ranks global cities on real estate and socio-economic factors.
Dubai will host the World Expo 2020 from October 20, 2020 to April 10, 2021. It aims to draw more than 25 million visitors to the country with total investment in infrastructure-related projects to cross Dh25 billion and nearly 277,000 new jobs being created. info@dubaibusinesskey.com
London, San Jose, Beijing, Shenzhen and Shanghai lead the 2015 ranking. Six new cities enter the list: Ho Chi Minh City, Sydney, Bangalore, Dublin, Nairobi, Melbourne and Nanjing.
The CMI provides a new view
into what makes cities dynamic, sustainable for future opportunities and tracks
the speed of change of a city’s economic base and its commercial real estate
market. It goes beyond traditional static economic rankings by delving into the
underlying drivers that keep cities competitive and dynamic, as well as
identifying signals for change that will impact their future. www.dubaibusinesskey.com
Craig Plumb, Head of Research, JLL Mena, adds: “We have witnessed some new cities within the broader region, such as Nairobi and Bangalore making their debut to the top 20. Both are experiencing high levels of property construction, its rental markets are buoyant and real estate transparency is improving. ”
Several of the world’s most tech-rich cities maintained position in the top 20, including London, San Jose, Boston and San Francisco. Newcomers to the top 20, thanks to the technology sector, include Sydney (11), Dublin (14), Melbourne (15), Bangalore (12) and Nairobi (15).
Craig Plumb, Head of Research, JLL Mena, adds: “We have witnessed some new cities within the broader region, such as Nairobi and Bangalore making their debut to the top 20. Both are experiencing high levels of property construction, its rental markets are buoyant and real estate transparency is improving. ”
Several of the world’s most tech-rich cities maintained position in the top 20, including London, San Jose, Boston and San Francisco. Newcomers to the top 20, thanks to the technology sector, include Sydney (11), Dublin (14), Melbourne (15), Bangalore (12) and Nairobi (15).
However, established tech
and creative hubs, such as Austin, Los Angeles and Seattle, dropped to just
outside the top 20. Hong Kong and Tokyo fell outside as well due to a temporary
loss of impetus, but nonetheless have strong long-term fundamentals.
For the first time, cities in India and Sub-Saharan Africa were represented in the CMI due to the robust demand for office space from technology companies and MNC expansion.
The index assesses 120 cities with a weighted overall score based on 37 short-term and longer-term variables.
For the first time, cities in India and Sub-Saharan Africa were represented in the CMI due to the robust demand for office space from technology companies and MNC expansion.
The index assesses 120 cities with a weighted overall score based on 37 short-term and longer-term variables.
Sunday, 22 June 2014
ownership property in Dubai- Dubai Land Department-
Dubai tenants can file lawsuits if building services
discontinued: Rera
Owners'
associations not allowed to cut, block services to joint ownership areas
Dubai's Real estate has advised tenants, who have been affected by the discontinuation of building services, to file a lawsuit against the parties responsible with the rental dispute settlement committee. www.dubaibusinesskey.com
Dubai's Real estate has advised tenants, who have been affected by the discontinuation of building services, to file a lawsuit against the parties responsible with the rental dispute settlement committee. www.dubaibusinesskey.com
Any tenant affected by the
cutting of building services is entitled to open a lawsuit against the party
responsible at the Rental Dispute Settlement (the judicial arm of Dubai Land
Department) as these practices are not permitted under Law 27 of 2007.
The regulatory agency said that
building management parties, whether developers or corporate services
administrative supervisors of the owners associations, should visit RERA or send us email, info@dubaibusinesskey.com to submit
their proposed service charge fees for the buildings managed by them.
This is a mandatory requirement so that Rera can
review, approve or modify the charges as necessary. Building management must
pay the service charges approved by RERA under Law 27 of 2007. They are not
permitted to set service charge fees without first undertaking this procedure
and receiving Rera approval,
the agency added.
But when specifically
asked if the law gives a district cooling company the right to disconnect the
chilled water supply for the entire building, RERA not permissible to cut the
services for joint ownership areas.
"It is not permissible to cut the services for
joint ownership areas. If the services are cut, the damaged party (tenant)
should undertake the specified procedures outlined under law No. 27 of 2007
that covers joint ownership areas for property in the emirate of Dubai and
relates to the blocking of units where building management fails to pay their
service charges.
Circulation No.1 of
2014 outlines that owners' associations are not allowed to set service charge
fees before having them approved by RERA. It also affirms that owners'
associations (OAs) are not allowed to cut or block services to joint ownership
areas."
RERA, they (OAs) are
not permitted to undertake any other activity other than those set out in
article No. 25 law under law No. 27 of 2007 relating to joint ownership areas
of property in Dubai.
The agency further said that with
specific regards to the district cooling company, one needs to review the
Regulatory and Supervisory Bureau at the Supreme Council of Energy, which is
the regulatory body for energy in Dubai.
There have been many cases where
developers or district cooling companies have threatened to discontinue
services if property owners don't pay their dues.
The recent case was in Discovery Gardens
where residents of two buildings were threatened of chilled water supply being
cut off unless defaulters paid, but later no such harsh step was taken.
Saturday, 3 May 2014
Dubai Visa Rules for residency
Dubai Visa Rules has changed www.dubaibusinesskey.com
Dubai has made some changes in residence visa rules with effect from 1st
May 2014. As per the new visa rules a person working in a private company
should have Dirhams 10000 salary or Dirhams 9000 plus accommodation in labour
contract to sponsor his wife and children on residence visa. Earlier this was
Dhs. 4000 or Dhs.3000 plus accommodation. The new visa rule will not affect
people renewing .
Saturday, 12 April 2014
Translation Services 200 languages
Translation
Services 200 languages
Strategic
Partner group Europe Emirates Consultants www.europeemirates.co.uk
provides all languages translation on
competitive price and on priority bases. The full range of services to
Companies in Europe and Emirates, banks, Law firm, Advertising agencies and
many individuals
We provides
legal, technical, medical Memorandum of Association
Website
Translation
Films
Translation
Educational and Instructional Document
Translation
Legal
Documents Translations
Marketing
Collateral Translation
Medical
Translation
Newspaper
and Magazine Article Translation and all other type of Translation.
Please
contact us, if you are
Insurance
companies
Government
Agencies
Medicals organization
Investigation
agencies
Law firms
Commercial,
Trading and consultancy companies and you are looking Interpretation and
translation services accurate and reliable in over 200 languages.
Translation
services are available for following languages:
English,
Arabic, German, Spanish, Italian, Turkish, French, Russian, Farsi, Urdu, Hindi,
Malayalam, Chinese, Japanese, Dutch, Portuguese, Bengali, Marathi, Vietnamese,
Polish, Romanian, Greek, Laotian,
Hungarian,
Punjabi, Pashto, Serbian, Taiwanese, Thai, Ukrainian Hebrew, Yemeni, Indonesian
& many more.
Please send
us email along with scanned documents for translation, we will send you back
via courier after translation, we are getting services from www.europeemirates.co.uk
Thursday, 6 March 2014
International Business Companies in Dubai UAE- Emirates
International Business Companies in RAK Offshore
The International Business Companies (IBC) Registry allows foreign investors to register offshore companies as RAK Offshore
Registration is simple and fast, usually incorporated within 24 hours of submission (subject to time difference). There are no restrictions on IBC formations, any non-resident individual or corporate entity can register a company offshore and IBCs bear the ending of 'Limited' or 'Ltd’ in RAK.
Main features of UAE Offshore Company are:
x It does not need to have physical offices in the UAE
x It may have non-UAE resident as director or shareholder
x It may own real estate in the UAE, with prior authorization from RAK Investment Authority
x It may maintain bank accounts and deposits in the UAE or worldwide
x It is not obliged to maintain its books and records
x It may hold shares in other UAE and worldwide companies
x Complete remote set up
On top of being investor friendly and uncomplicated in setting up, RAK Offshore is also subject to 0% tax rates.
RAK Offshore has also signed double taxation prevention treaties that are aimed at making the UAE a more attractive territory.
At this time, RAK Offshore currently holds double-tax treaties with over 30 countries. These agreements prevent individuals and corporations from being susceptible to paying tax on the same item during the same time period.
Companies that set up in RAK Offshore are entitled to the following:
x Reduced Dividends Tax.
x Exempting Deposits from Tax
x Exempting Capital gains from Tax- 0%
x Exempting national air carriers and shipping companies working in international traffic from taxes and fees
x Exempting Government Sector Establishments from Taxes on Dividends, Interest and Capital Gains
x The Significance of the Tax Agreements to the Foreign Investor and the Investment funds
x Impact of the Tax Agreements on attracting Foreign Investments and capital Movements
x 100% income tax exemption
x 100% corporate tax exemption
X 100% capital and profit repatriation
X 100% ownership in Free Zones
X 0% Withholding tax
The UAE is not a member of the Organization for Economic Cooperation and Development (OECD) and therefore not on the OECD list of tax havens (nor the FATF blacklist).
RAK Offshore has long enjoyed a reputation as a secure, tax-free jurisdiction for international bankingand company incorporation. With international trading benefits, it could be the ideal vehicle for your clients.
For further information on fees and requirements, please contact myself or one of our sales team and we will be happy to supply this to you.
Please do not hesitate to contact myself or a member of our team for further information.
Find attached details for other services in Emirates.
I look forward to hearing from you shortly.
Best Regards,
Qaiser Bari
Advocate & Legal Consultant
UK Office: Bradford Chamber Business Park, New Lane lLaisterdyke, Bradfordl BD4 8BX
Phone: 01274401204 TEXT: 07587900542
For experienced assistance in managing your Business & legal matters, contact our full service law firm.
Qaiser Bari
Advocate & Legal Consultant
UK Office: Bradford Chamber Business Park, New Lane lLaisterdyke, Bradfordl BD4 8BX
Phone: 01274401204 TEXT: 07587900542
| Level # 33 Al Attar Business Tower | Sheikh Zayed Road | Dubai, United Arab Emirates |
Sunday, 2 March 2014
Are you Iranian and your Account has Frozen- Transfer of Iranian Assets to central Bank of Iran- All money go back to Iran
Are you Iranian and your Account has Frozen- Transfer of Iranian
Assets to central Bank of Iran- All money go back to Iran. Tehran has done the process needed to receive the first and
second installment of its 4.2 dlrs billion funds previously blocked overseas.www.dubaibusinesskey.com
The first and second installment of the 4.2 dlrs billion of Iran's blocked oil revenues have been transferred to a designated Swiss bank account.
Iran and the sextet - Russia, China, the US, France, Britain and Germany, if your funds or assets are frozen or stuck Contact us info@dubaibusinesskey.com www.dubaibusinesskey.com
The first and second installment of the 4.2 dlrs billion of Iran's blocked oil revenues have been transferred to a designated Swiss bank account.
Iran and the sextet - Russia, China, the US, France, Britain and Germany, if your funds or assets are frozen or stuck Contact us info@dubaibusinesskey.com www.dubaibusinesskey.com
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