Home › Blog › Page 4

Blog

Everything you need to know about Dubai - how life and culture in the emirate is organised, work and investment opportunities, instructions and guides on how to apply, extend, buy, etc.

A 3.2% growth in Dubai’s economy in H1 2023

On October 15th, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and the Chairman of the Dubai Executive Council, posted a tweet about the strong performance of Dubai’s economy. The economy has achieved a tremendous [...]

Published on October 18, 2023 13:57

Dubai attracted AED 20.87B (USD 5.68B) in foreign direct investment in 511 new projects in the first half of 2023

From January to June of 2023, the emirate of Dubai attracted AED 20.87B (USD 5.68B) in foreign direct investment (FDI) in new greenfield projects. The emirate’s share of global greenfield FDI nearly doubled from 3.83% in the first half of 2022 [...]

Published on October 10, 2023 15:33

In the first 9 months of 2023, institutional investors invested nearly AED 8B (USD 2.2B) in UAE equities

In 2023, investments in UAE markets by institutional investors increased. From January to September, net purchases of shares (purchases minus sales) amounted to almost AED 8B (USD 2.2B). This is due to the expansion of investment opportunities, [...]

Published on October 4, 2023 10:54

There will be 25 strategic partnerships established in the UAE to support 100 of the best companies and startups

To implement the Future100 initiative, 25 strategic partnerships will be established in the UAE. Their work will be aimed at supporting 100 companies and startups that contribute to the competitiveness of various sectors of the Emirate’s future [...]

Published on September 27, 2023 08:10

In the first half of 2023, Dubai issued 52% more Golden visas than in previous periods

The total number of residence visas issued in Dubai from January to June 2023 was 63% higher than the amount issued in the first half of 2022. The number of Golden visas also grew by 52% during this time. The General Directorate of Resident and [...]

Published on September 14, 2023 13:13

Entrepreneurs and startups in the UAE can use any of the 19 free contract templates to set up and run their business

The UAE Ministry of Economy (MoEc), together with Al Tamimi & Company, has launched the ‘Standard Contracts’ initiative to support entrepreneurs and startups. Interested parties will be able to download templates of the contracts that are [...]

Published on August 31, 2023 15:56

In Dubai, there is a 10-year prison sentence for forgery of visas and residence permits

The law enforcement agencies of Dubai have sent out a reminder through social media that the forgery of visas, residence permits, or other official documents is illegal. Violation can result in imprisonment for up to 10 years. The punishment is [...]

Published on August 24, 2023 12:32

You can obtain the Golden Visa for talents with the assistance of METROPOLITAN CONSULTING

METROPOLITAN CONSULTING provides services for obtaining a long-term talent residency visa. Thanks to this visa, foreigners can live, work, and study in the UAE, as well as sponsor family members and domestic staff. To obtain the Golden Visa for [...]

Published on August 16, 2023 12:37

The penalty for an expired visa in the UAE for tourists and residents is AED 50 (USD 13) per day

The UAE government has reduced the fine for an expired visa from AED 100 (USD 27) to AED 50 (USD 13) per day. This decision was made to encourage tourists and residents of the country to renew their documents in a timely manner. Another change [...]

Published on August 11, 2023 10:09

Business in Dubai has demonstrated the fastest growth in the last 10 months

In June 2023, companies in Dubai not related to the oil sector demonstrated the fastest development in the last ten months. The main Purchasing Managers’ Index (PMI) in Dubai, according to S&P Global, reached 56.9, which is 1.6 points [...]

Published on July 28, 2023 10:21