July 28th, 2010 | by Dubai Dude | published in Business in Dubai, Living in Dubai
A new possibility to make rental payments by credit card has attracted great attention in Dubai’s property sector. Under an offer by Landmark Properties, a property agent in Dubai, some units in the Discovery Gardens development can now be rented and paid “by any credit card”. “Currently one of the property owners with whom Landmark [...]
June 25th, 2010 | by Dubai Dude | published in Business in Dubai
The Emirates Business 24-7 newspaper, a product of Dubai Media Incorporated (DMI), is closing its print edition and will be available as an e-newspaper only. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Board Chairman of Dubai Media Incorporated (DMI), has given the instruction to turn the newspaper copy of [...]
June 22nd, 2010 | by Dubai Dude | published in Business in Dubai, Dubai Transport, Featured, Living in Dubai
It was a historic day for Dubai when first test cargo flight landed at Dubai World Central-Al Maktoum International airport, giving the green light for operations to begin next Sunday. Emirates Flight EK9883, a Boeing 777 freighter operating Hong Kong-Dubai and piloted by Captain Ahmad Bin Huzaim and First Officer Nabil Yousuf Ahmad Mohammad Rai [...]
April 25th, 2010 | by Dubai Dude | published in Business in Dubai, Living in Dubai
According to a report in the National, Dubai Land Department may begin seizing off-plan properties whose owners are in default. The authority has started notifying investors who have defaulted that if they fail to make their outstanding payments within two weeks that 40 per cent of any money they have paid so far will be [...]
April 18th, 2010 | by Dubai Dude | published in Business in Dubai
Microsoft Gulf has reached an out-of-court settlement with a Storm Computers, a Dubai retailer caught selling pirated copies of its software. Illegal copies of Microsoft Windows and Office were seized by authorities in a recent raid on a store in the Al Khaleej Centre in Bur Dubai, Microsoft said in a statement. The out-of-court agreement, [...]
February 12th, 2010 | by Dubai Dude | published in Business in Dubai, Living in Dubai
While the official version on economy of Dubai is that things are as rosy as they come, reality is very much in contrast to the propaganda. As Arabian Business reports, the number of construction workers arriving in Dubai has practically ground to a halt in the last few months. A spokesperson from the Dhoria International [...]
February 7th, 2010 | by Dubai Dude | published in Business in Dubai
Dubai has earned two distinct and inverse accolades as it has been declared the fastest declining commercial real estate markets in the world in 2009, while still remaining as one of the most expensive along with neighbor Abu Dhabi. Dubai office rents plunged 34 percent during the year due to the impact of the economic [...]
February 2nd, 2010 | by Dubai Dude | published in Business in Dubai, Living in Dubai
If you are an employer looking to fill a vacancy, or a real estate agent eager to rent out a shared bed or studio somewhere in Dubai, without paying the cost of a newspaper classified ad, walls are your best bet. A walk around the neighborhoods of Deira, Bur Dubai, Karama and Satwa reveal posters, [...]
January 21st, 2010 | by Dubai Dude | published in Business in Dubai
Mahreq Bank, infamous for its incompetent customer service, has now placed its customers in steamy waters. According to The National, a group of Mashreqbank customers wants the Government to investigate a change in how the bank determines their interest rate that they say has raised the monthly payments by as much as 30 per cent. [...]
January 19th, 2010 | by Dubai Dude | published in Business in Dubai, Living in Dubai
Foreclosures and repossessions of property are coming to crisis-hit, cash-starved Dubai. According to Arabian Business the Palm Jumeirah has witnessed its first property repossession, resulting in a bank selling an apartment for just AED745 per square foot – nearly 35 percent below the current market rate. A three bedroom apartment in Al Shala, on the [...]