Press Dossier   By Date  17/01/2022
Will I get compensation if apartment is not delivered on time?
Question: I had booked an apartment in mainland Dubai two years ago. The completion date was 2019, with a grace period of two years. However, the grace period ended in December 2021 and the flat has still not been handed over to us. What are my legal options here? Could I get compensation? If so, how much? I only ask because we are still staying in a rented property, despite owning a flat that was supposed to be handed over to us two years ago.
Covid in UAE: New rules for schools, teachers, administrative staff from today
The Emirates Schools Establishment (ESE) has issued the new measures for public school teachers and administrative staff attending schools physically, which should be adhered to in the coming week to protect the health of everyone against Covid-19.
UAE and South Korea sign agreements in defense, hydrogen cooperation
The UAE and South Korea signed several agreements on Sunday during President Moon Jae-in’s official visit to the Emirates to attend the “Day of Korea” ceremony at Expo 2020 Dubai.
World Bank favorably revises 2022 Saudi growth forecast to 4.9% on oil rebound
Saudi Arabia’s economy is set to grow by 4.9 percent this year due to a strong rebound in the oil sector which will induce stronger exports, the World Bank said in a report.
Two new firms to join Saudi Exchange’s parallel market on Tuesday
The Kingdom’s stock market is to see two new company listings on Tuesday, Jan. 18, the Saudi exchange, Tadawul, announced in a filing.
Government deposits with SAMA in biggest monthly drop since 2016
The government’s deposits with the Saudi Central Bank fell by SR74.7 billion ($19.9 billion) during December to reach SR538, preliminary data posted by SAMA revealed.This change represents the biggest monthly drawdown of government deposits with SAMA since November 2016 when they fell by SR90.3 billion.
Kuwait’s real-estate sector saw price hikes in 2021
Prices of housing real-estates rose last year in Kuwait, where investors focused on Kuwaitis’ residential areas dealing in uninhabited plots of land, capitalizing on government subsidies and transforming residential units into rental houses. Some residential districts, mainly inhabited by citizens, witnessed more than 35 percent rise in rates of the plots, leading to record growth of property assets in the shadow of scarce offered real-estates.
Live-in relationships in UAE: Who gets to stay in shared rented apartment after break-up?
I started staying with my boyfriend after live-in relationships were legalised in the UAE. However, the relationship is not going too well and we may need to separate soon.
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