Saudi Arabia’s new rule on real estate brokerage
The new real estate brokerage legislation and its corresponding executive rules were adopted by the Cabinet on Wednesday. This effectively invalidates the 1398AH law’s prohibition on the establishment of real estate offices. The real estate brokerage legislation provides present professionals who offer brokerage and real estate services six months (180 days) to organize and improve […]
On Wednesday, Dubai recorded nearly AED6.6 billion in real estate sales.
According to statistics released by Dubai’s Land Department, the Dubai real estate market registered 461 sales transactions totalling AED1.25 billion, 95 mortgage transactions totaling AED5.22 billion, and 53 gift transactions totaling AED154.86 million on Wednesday (DLD). There were 77 land plots sold for AED332.08 million and 384 homes and flats sold for AED921.97 million. The […]
What Have the UAE’s New Entry and Residency Rules Changed?
Every country has foreigners, whether they live there permanently or merely work there. However, some countries have a higher proportion of foreigners than others, particularly if the country offers several chances. The United Arab Emirates (UAE), which is well-known for having a high number of expats, is a prime example of this. The United Arab […]
