Expect ‘Emirati Zuckerberg,’ Pitt, Following Naturalization Law, Experts Say Daniel Sonnenfeld 02/08/2021
Recent amendment allowing foreigners to be naturalized in the UAE aims first to attract big names and future industry leaders
The UAE announced in late January that it would allow some prominent foreigners to become Emirati citizens. Experts explain this as an attempt to prepare the country’s economy to a post-oil world and rebrand it as a global multicultural hub that values diversity. As a first step, we should expect movie stars and industry giants to receive citizenship offers.
Almost 90% of the UAE’s residents are expats, vastly outnumbering Emiratis in the local workforce. Despite this, obtaining Emirati citizenship was near impossible for foreign nationals until recently. Now, Prime Minister Mohammed bin Rashid Al Maktoum said in a tweet that he would “allow granting the UAE citizenship to investors, specialized talents & professionals including scientist
Why does Nigeria always choose wrong policy (II)
By
Fri Feb 05 2021
Nigeria is not working with data that is why. Because our NCDC and perhaps entire health sector is probably sponsored by Bill Gates (having squandered monies meant for taking care of the people) they have to just do what is called ‘cut-and-paste’ and get with the programmee. Our press are also in cahoots with this programme and I suspect there is a fund somewhere that keeps them oiled for barraging the people with bad news at this point. You hear that they are keeping students home in Europe and because you don’t know yourself in Nigeria you forget your huge educational disadvantage or the fact that COVID-19 is not particularly an issue for children – and even for sub-Saharan Africa as a whole – and you ask children to sit at home where you have no plans for them.
Dubai records $48bn real estate transactions in 2020
DUBAI, February 3, 2021 Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions worth over AED175 billion ($48 billion), according to the Dubai Land Department (DLD). The report revealed that real estate sales reached AED72.5 billion with 35,423 transactions, while mortgages recorded 12,958 transactions with a total value exceeding AED87.7 billion, and grants recorded 3,033 transactions worth over AED15 billion. The DLD report also showed that Dubai had attracted 31,648 new investors who concluded 41,571 investments worth over AED73.2 billion. The sector was able to achieve a high volume of transactions despite the global Covid-19 crisis, stated Sultan Butti bin Mejren, Director General of DLD.
DLD: Dubai Records 51,414 Real Estate Transactions Worth over AED175 Billion in 2020
February 3, 2021
Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions representing a value of over AED175 billion, according to the annual transaction report issued by the Dubai Land Department (DLD). The sector was able to achieve a high volume of transactions despite the global COVID-19 crisis and the accompanying precautionary measures that cast a direct shadow on various sectors, affecting individuals as well as public and private institutions and suspending various commercial activities and air traffic for several months.
Dubai’s real estate sector records over Dhs175b transactions in 2020
03 Feb 2021 Dubai attracted 31,648 new investors who concluded 41,571 investments worth over Dhs73.2 billion. WAM Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions representing a value of over Dhs175 billion, according to the annual transaction report issued by the Dubai Land Department (DLD).
The report revealed that real estate sales reached Dhs72.5 billion with 35,423 transactions, while mortgages recorded 12,958 transactions with a total value exceeding Dhs87.7 billion, and grants recorded 3,033 transactions worth over Dhs15 billion.
The report also showed that Dubai attracted 31,648 new investors who concluded 41,571 investments worth over Dhs73.2 billion.