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UAE To Restrict Estate Crypto Money Laundering

Coinnounce 09 Aug 2022
The United Arab Emirates (UAE) government said on Monday that real estate agents must alert money laundering authorities about any sale of property paid with cryptocurrency ... The United Arab Emirates Wants To Monitor All Crypto Transactions ... in the real estate and legal sector.
photo: Creative Commons
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UAE commences reporting essentials to counter crypto real estate money laundering

Financial Express 09 Aug 2022
In a statement released on August 8, the United Arab Emirates outlined new reporting requirements for real estate transactions including digital assets, as reported by Cryptoslate.  ... One of them was the developer of upscale real estate DAMAC, which began taking payments in Bitcoin and Ethereum in April 2022.Also Read.
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Dubai real estate market records $435.6m in real estate transactions

Arab News 09 Aug 2022
... Dubai real estate market recorded transactions worth over 1.6 billion dirhams ($435.6 million), Emirates News Agency reported.
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UAE introduces new reporting requirements to counter crypto real estate money laundering

Cryptoslate 08 Aug 2022
The United Arab Emirates introduced new reporting requirements for real estate transactions involving digital assets in a statement on August 8 ... Amid Dubai and Abu Dhabi recently attracting throngs of crypto exchanges and businesses to set up shop, a number of real estate developers had announced they will accept crypto.
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Dubai Records Over AED1.6 Billion In Real Estate Transactions Monday

MENA FN 08 Aug 2022
(MENAFN - Emirates News Agency (WAM)) DUBAI, 8th August, 2022 (WAM) -- Dubai real estate market recorded 376 sales transactions worth AED897.38 million, in addition to 122 mortgage deals of ... .
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Women’s five incentives to invest in real estate

Gulf Daily News 07 Aug 2022
Meanwhile, a recent "W Capital Real Estate Brokerage" report spotted five factors that motivate women to invest in Dubai real estate, amid the robust sector’s activity and the unprecedented improvement of the investment environment in the emirate ... "Real estate ...
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As the Law: Can the developer cancel the agreement and sell the property to a new buyer?

Gulf News 05 Aug 2022
13 of 2008 Regulating the Interim Real Property Register in the Emirate of Dubai specifies the procedures the developer should follow in order to terminate a purchase agreement ... Where the percentage of completion of the Real Property project exceeds eighty percent (80%), the Developer may.
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Dubai's Weeklong Real Estate Transactions Total AED5.3 Billion

MENA FN 05 Aug 2022
(MENAFN - Emirates News Agency (WAM)) DUBAI, 5th August, 2022 (WAM) -- The real estate and properties transactions valued at AED5.3 billion in total during the week ending 05 August 2022. The sum ... .
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Dubai’s new real estate law to attract foreign capital

Arab News 04 Aug 2022
As part of efforts to position the emirate as a global destination for investment in real estate, the law grants certain privileges to real estate investment funds, reported Emirates Media Agency, also known as WAM ... Also, investors will be entitled to benefits that will help them invest in the emirate’s real estate market.
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Liwa Education Selects Suite of PowerSchool Solutions for Its Private School System in United Arab Emirates

Eagle-Tribune 04 Aug 2022
As Liwa Education expands its footprint in the UAE by opening additional K-12 schools and nurseries in the United Arab Emirates, it selected PowerSchool based on the company’s integrated solutions that were scalable for a variety of real-world education scenarios ... UNITED STATES UNITED ARAB EMIRATES NORTH AMERICA MIDDLE EAST CALIFORNIA.
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Dubai Records Over AED888 Million In Real Estate Transactions Wednesday

MENA FN 04 Aug 2022
(MENAFN - Emirates News Agency (WAM)) DUBAI, 3rd August, 2022 (WAM) -- Dubai real estate market recorded 310 sales transactions worth AED668.1 million, in addition to 86 mortgage deals of ... .
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Tecom Group Q2 profit up 54% on Dubai's strong economic growth

The National 03 Aug 2022
Tecom Group, the operator of business districts in Dubai, recorded a 54 per cent annual surge in net profit in the second quarter on “continued buoyancy” in the emirate's economy ... Economic growth in the emirate has also supported the real estate market, with prices rebounding since last year.
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Etihad Rail set to accelerate growth in UAE's property market

Khaleejtimes 02 Aug 2022
Etihad Rail, which is expected to carry over 60 million tonnes of freight and 36.5 million passengers by the year 2030, will transform the economic landscape of the country by connecting 11 major cities of the seven emirates ... “The inter-emirate rail connectivity will be a major boost to economic activity across the UAE.
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Arsenal star willing to take significant pay cut to leave the club this summer

Caughtoffside 02 Aug 2022
Bellerin spent last season on loan at Real Betis, after falling out of favour at Arsenal. The Spanish right-back was once a regular at The Emirates, but has now fallen down the pecking order at the club ... The report claims that Bellerin wants to leave Arsenal to re-join Real Betis, ...
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Dubai Records Over AED1.2 Billion In Real Estate Transactions Tuesday

MENA FN 02 Aug 2022
(MENAFN - Emirates News Agency (WAM)) DUBAI, 2nd July, 2022 (WAM) -- Dubai real estate market recorded 396 sales transactions worth AED845.37 million, in addition to 110 mortgage deals of ... .

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AP / Chiang Ying-ying, File
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