The Advocates is a leading Dubai based law firm specializing in a wide spectrum of legal services within the UAE. The Advocates was established based on the philosophy of delivering at the highest level of personalized legal services at cost-effective rates. The Advocates is a licensed law firm practicing legal representation before courts in the UAE. The Advocates consist of a group of advocates and legal consultants who thrives to achieve deliverables within a set time frame through proper understanding of the client’s legal requirements, and providing optimal solutions through adopting measured methodology and profound legal knowledge.
Shaikh Mohammad orders increase in walking and jogging tracks to encourage practice of sports.
Shaikh Mohammad directed the linking of both the walkway and the jogging track with the Dubai Canal Project, and for the Corniche project to be completed in a year’s time.
He stated: “Our objective is to achieve people’s happiness... we are keen to establish all the necessary components to make nationals, expatriates and visitors happy and enjoy quality life. Our developmental projects are integrating to attain this ultimate goal. We are committed to investing in building healthy human capital through providing an ideal enabling environment.”
The advantages and disadvantages of the most common ownership structures in Dubai.
1. Individual ownership
One of the most common forms of property ownership is to have the title registered in your name.
Pros: It’s simple, quick and easy to buy and sell the property. You just have to go to the Dubai Land Department (DLD) with your passport and sign the documents or appoint a representative under a power of attorney to sign for you. When the speed of buying and selling was of the essence, individual ownership enabled flippers to move in and out of property investments with the agility of a feline ninja.
Cons: Inheritance has always been a grey area and individual ownership exposes you to the uncertainties of the Dubai Courts deciding on succession issues regarding the property. For some nationalities, there are also tax implications with rental income and capital gains both possibly falling within reach of the sharp claws of foreign tax regimes.
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Emirate moves up six places in ‘world’s most reputable cities’ ranking
Prado said the results of the study also demonstrated that neither the population size nor the gross domestic product of a city is an essential factor in the construction of a good reputation.
The other factors that can affect a city’s reputation also include the beauty of the urban environment, safety, entertainment and standard of living. The size of a city can also be influential, while social, political or cultural factors may also play a role.
“The larger a city is, the more complicated it becomes to manage,” Prado said. “This is one of the reasons that explain why, with the exception of London, the top 10 in the RepTrak study features only medium-sized cities. Our study shows us that those managing cities also need to pay attention to the finer details that ultimately define the relationship with stakeholders, rather than focus solely on the headline figures of tourist arrivals or product sales.”
In last year’s survey, Dubai and Abu Dhabi emerged as the top two cities to invest in, beating Zurich, Geneva and New York. In the latest survey, the title went to New York and Zurich. Venice became this year’s top city to visit, while Sydney was named the top city to live in.
Convention allows the BIE representatives to experience many unique advantages
Dubai: An in-depth symposium presented to more than 250 representatives from 167 member nations of the Bureau International des Expositions (BIE), the international organisation that oversees World Expo, will be showcased from October 22 to October 24.
The conference concentrates around the Dubai Expo 2020 theme entitled “Connecting Minds, Creating the Future: Partnerships for Global Innovation and Sustainable Development”.
13,000 Emiratis have benefited from services of agency set up to help small and medium enterprises
“Over the last 11 years, we have helped more than 13,000 Emirati entrepreneurs through our various services ranging from incubation, subsidised start-up (fee waivers & reductions), funding, capability development, links to government procurement and business advisories to set up their businesses and developed them to the next level.”
Dubai government is trying to promote entrepreneurship as a means to diversify the economy into newer sectors, niche services and new business models. Enterprises classified as small or medium-sized as per the official SME definition of Dubai SMEs, short for small and medium enterprises, employ around 42 per cent of Dubai’s workforce and account for about 40 per cent of Dubai’s GDP. Al Janahi said that since inception, Dubai SME has supported around 1,500 SMEs.
DUBAI: Dubai held first place worldwide as the most attractive destination, getting 13 out of 15 points, according to a recent survey on global tourist destinations.
London also got the same ranking.
The survey, which was conducted by Britain’s Dealchecker Blog and saw the participation of 1.2 million respondents, was based on a range of basic standards for determining the points and rank of each city.
These include the city’s power to attract celebrities, the number of clients for 5-star hotels, charming landscapes and how universal the city is in terms of the cultural scene and restaurants.
Dubai got full marks in terms of its power to attract celebrities such as Salma Hayek, George Clooney and Brad Pitt. New York and London, however, got the same ranking.
“The emirate also got full marks in terms of universality. In this connection, the website pointed out that Dubai hosts prestigious shopping malls, restaurants and tennis courts.
“Dubai surpassed London and New York in terms of seekers of 5-star hotels (1 out of 5 for Dubai compared to 1 out of 20 for London and 1 out of 30 for New York).”
To sum up, New York and Cancun came third with 12 points each, followed by the Maldives in 5th place with 11 points. Sharm El-Sheikh got 7 points although it got a high ranking in terms of seekers of 5-star hotels.
About $40 billion worth of property projects were announced in the first half of 2013, and a further $11 billion in the two weeks before Cityscape.
This time, both developers and investors have less access to loans from banks, which have become more cautious.
That is likely to slow or halt some projects, forcing developers to rely more on their own earnings, analysts and executives said at this week’s Cityscape property fair, the industry’s top annual event.
Meanwhile, the emirate is benefiting from a massive influx of buyers from other fast-growing Gulf states and from politically unstable countries elsewhere in the Arab world.
Many of them pay cash up front for properties before construction is completed, easing the risk for developers.
“There is no excessive leverage,” said Ziad El-Chaar, managing director of Damac, a Dubai developer which focuses on the luxury segment and was hit hard by the 2009-2010 crash.
“The main buyer today in Dubai comes from the Middle East,” and usually pays cash up front, he said.
The newly formed partnership between The Advocates Law Firm and the Dubai Department of Economic Development (DED), Government of Dubai, has been created to offer you a VIP Service for Company Formations in Dubai.
You can now make an appointment directly with The Advocates Law Firm at their office on Sheikh Zayed road, and everything will be handled swiftly and professionally. Your One Stop Shop for Company Formation, Company Sponsorship and Legal Services.
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