United Arab Emirates UAE
Whatsapp Chat
Spotlight
Dubai becomes world’s busiest airport Overtakes Amsterdam The Economic Development of Abu Dhabi permits for virtual license for foreign investors Welcome to the Regime of Proactive Laws in UAE On Work Permits Insurance licenses made mandatory for navigation vessels: Saudi Arabia

UAE’s Cabinet Decision on Housing Support Regulations Issued

The Cabinet has issued Cabinet Decision No. 61/2021 on housing support regulations. The regulations include 40 definitions and articles which explain the conditions which need to be met to receive housing support. Those with a monthly income of less than 15000 AED will be able to apply for housing support and the Cabinet has the authority to amend the support level according to the economic situation. The regulations determine three categories of housing support and the corresponding amount for each category. According to the regulations, those benefiting from the housing should be Emirati citizens.

Related News

Dubai court to give verdict on Engineering Firm - Drake...

The Dubai-based engineering firm Drake & Scull International expects to see a 90 per cent write-off on its debts as a part of a restructuring plan that needs to be approved by a local court. The money owed to the government and those related to labour rights will be paid in full to ‘reach a debt amount equal to zero’ as part of the plan. Everything vests with what the court in Dubai...

UAE: Dedicated Money Laundering Court Established in Dubai

Thinking ahead and initiating a proactive legal step towards combating money laundering, a dedicated Money Laundering Court has been established in Dubai. The new court, which falls within the ambit of the Court of First Instance and Court of Appeal, is part of the UAE's larger effort to improve its competitiveness as an international financial centre. It comes after the announcement of the "UAE national...

The Legal System of the Dubai International Financial Centre

On 6th May, His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Law No. (5) of 2021 regarding the Dubai International Financial Centre (DIFC). This new law gave a wider ambit to DIFC, and its objectives now include, advancing economic growth, developing, and diversifying the economy, enhancing the GDP contribution of the financial services sector, attracting international entities to establish...

New general terms and conditions on standing credit and...

The Central Bank of the UAE (CBUAE) will introduce new general terms and conditions for its standing credit and liquidity insurance facilities, where licensed financial institutions in the UAE can access CBUAE reserves on an overnight or term basis by posting eligible collateral. This has been proposed as part of the Central Bank’s Dirham Monetary Framework implementation plan, The new terms...

UAE: New Cabinet Decision on FTA Service Fees Takes Effect...

Starting from 1 June 2023, the Federal Tax Authority (FTA) in the UAE will commence the implementation of Cabinet Decision No. (7) of 2023. This decision introduces amendments to certain provisions of Cabinet Decision No. (65) of 2020, which pertains to fees for services provided by the FTA. One notable addition to this new decision is the establishment of fees for requesting a 'private clarification'...

Dubai Crown Prince Kicks Off Crowd-funding Platform to...

Dubai has been constantly working on the sheer potential to diversify its economy and build an entrepreneurial society. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has, on Wednesday, 19 May 2021, launched the "Dubai Next" platform for crowd-funding SMEs which will be the world's first crowd-funding portal for small and medium enterprises. Reportedly, this will also be an opportunity...