Commercial News
100% Business Ownership
UAE expatriates could soon be able to own 100 percent of businesses outside the country’s free zones, as part of a radical shake-up of foreign investment rules. The emirate’s officials have been promoting more liberal rules on business ownership to the federal government, in a bid to counter the negative impact of the economic slowdown.
All seven emirates are now considering the proposals – weighing up the costs and benefits – in a statement given by Deputy Director General at Dubai’s Department of Economic Development (DED). The federal government will be the body to announce the new rules and regulations, however no specific timeframe on implementation of this rule has been given.
The change would not only attract substantial new foreign direct investment in the UAE but would also help generate jobs. Last year foreigners set up 342 projects in Dubai, up 59 percent from 2007. Foreign direct investment soared by 123 percent to $21bn in the emirate, according to a study released last month by the Financial Times FDI Intelligence.
At present overseas firms, working outside the free zones, must set up a branch, or form a company with a local sponsor, who must own a 51 percent stake in the firm. This has discouraged investment in many parts of Dubai, and has resulted in long, arduous lines for the free-zone areas. The new law, if implemented, will make business ventures more lucrative and therefore more attractive. Instead of waiting years for a Media City license, for example, a prospective company may now initiate business anywhere in Dubai, bringing with it all the benefits of new economic activity.
State of the Market 2009
Better Homes has partnered with the research expertise of Investment Boutique, working for several months to develop a comprehensive examination and forecast of the Dubai real estate market. This report – State of the Market 2009 – will be released on April 29th.
This is the first time Better Homes has engaged this sort of exhaustive market study and with it aims to provide valuable clarity to market observers during these turbulent times. Expect to see some good news, expect to see some bad news, but most importantly expect to see some prudent guidance for the coming quarters. The 40+ page State of the Market 2009 will be available as a whole or in four individual sections:
- Residential
- Commercial
- Hospitality
- Retail
Stay tuned to bhomes.com for more information and be sure to mark down April 29th for the release. The report will be available for download from the website on the release date. Better Homes is offering this research at a low price in order to make it affordable for a wide audience. Each section of State of the Market 2009 will be offered at AED 275/- and the full report at AED 950/- (over a 30% discount). The full report will include an extra section analyzing the macro-economic environment in more detail.
For more information, please click here.
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Marketing
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Bhomes.com, the UAE’s largest property website
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Magazine–Circulation of 25,000 copies per month
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Prime spaces in leading newspapers
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Government authorized credit screening
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Compliance with the Real Estate Regulatory Authority (RERA)
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Supervision of property contractors
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Networking with government agencies for regulation updates
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Supervision of tenants’ use of property (to avoid subletting and damage)
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Date posted: March 4th, 2009
Posted by: betterhomes
Category: Commercial / Property Management, Residential
Better Homes’ Contact Number has Changed
Our new Customer Care number is 600 52 2212.
You can call us on this central landline number to enquire about residential sales and leasing, commercial sales and leasing, property management, short-term rentals, and international property.
Save our new 9-digit 600 number today; we look forward to serving you.
Visit our website at www.bhomes.com.
Date posted: January 11th, 2009
Posted by: betterhomes
Category: Commercial, International, Residential / Property Management, Short Stays / Property Management, International / Property Management, Commercial / Property Management, Residential, Short Stays
Market your Property with the Property Information Pack
To help landlords market their property effectively, Better Homes presents its newest service offering - The Property Information Pack (PIP). By capturing a property’s unique selling points and marketing it using our extensive marketing avenues, we give each property a point of differentiation and make it stand out from the competition.
What does the Property Information Pack (PIP) offer landlords?
PIP helps landlords:
• Identify and expose the unique selling points of their property
• Provide potential buyers with an information-rich listing
• Market their property effectively
• Expose their property to UAE’s biggest buyer database
• Increase opportunities for sale to the right buyer at the right price
By signing up for PIP, landlords can avail the following services for their property:
• Professional photo shoots
• Google Maps and satellite images of a location and surrounding community
• Digital brochures
• Floor plans
• Virtual tours with 360-degree imagery and Flash animation
Marketing avenues for properties include:
• Magazine
• Website
• Outdoor signage
• Property gallery showcases in our offices
• Prime spaces in UAE’s most widely read newspaper
All the above services are listed in our Standard and Deluxe packages. Click here to view details of these packages online.
Speak to your consultant or call us on 600 52 2212 for pricing information.
Strategic Commercial Leasing Opportunity in Abu Dhabi
Mussafah Mega Stores is an exciting, upcoming modern commercial development located in Mussafah, Abu Dhabi. This megastore complex houses shops, warehouses, offices and accommodation. The development covers a total area of 52,999 sq. m. and is expected to be completed in January 2009. This is an ideal opportunity for businesses to relocate themselves in order to have easy access to Abu Dhabi City, Mussafah Port, Delma Mall, Abu Dhabi International airport, Khalifa City, Dubai, and Al Ain.
The mixed-use development boasts a contemporary design, expandable warehousing functionality, and affordability.
Leasing commercial space in Mussafah is recommended for:
• Existing companies needing more warehousing space
• Oil drilling equipment suppliers
• Trading companies
• Shipping companies
• Multinationals
• Retailers
• Distribution companies
Mussafah is especially attractive for oil field supply companies due to its strategic location and excellent accessibility to ports and neighboring Emirates and the Western Region of Abu Dhabi.
Click here for more details or call +971 4 344 7714
