DUBAI, 28th September 2023 (WAM) — Dubai Land Department signed memorandums of cooperation with Elite Gulf Real Estate Training Institute, Innovation Experts Real Estate Training Institute, and ThinkProp Training Institute to elevate real estate training in the emirate. These collaborations would boost awareness within the Dubai real estate sector and foster a top-tier training environment,…
Virtual assets regulation in UAE
In May, the Central Bank of UAE (CBUAE) issued a comprehensive ‘guidance’ for licensed financial institutions (LFI), such as banks, finance companies, exchange houses, payment service providers and others, when dealing with virtual assets (VAs) (also called crypto assets) and virtual assets service providers (VASPs). The guidance is aligned with the UAE’s approach towards regulating…
The Downsides of Balloon and 1% Downpayment Mortgages
Because of the Fed rate hikes of the past few months that have seen average thirty-year mortgage interest rates go from around 3% per year to the current 7.5% per year, very few people want to sign up for home mortgage financing. Also, current homeowners who would have wanted to sell and move elsewhere are…
Why Businesses Should Take Note
Alexei Dulub is the founder and CEO of PixelPlex, an R&D company powering meaningful digital transformation across industries. Though tokenization isn’t a novel concept, recent years have witnessed a resurgent interest in it. As businesses increasingly align with the Web3 paradigm, entities ranging from financial institutions to asset managers are exploring tokenization’s potential. In essence,…
Opinion | Was Trump’s Real Estate Hype Fraud or Just Business as Usual?
The New York attorney general’s lawsuit against Donald Trump over his real estate business hinges on one question: Where does puffery end and fraud begin? To put it differently, how much can Mr. Trump overstate what he’s worth before he crosses the line into illegality? There’s no doubt that Mr. Trump vastly exaggerated his net…
Real Estate Broker Gets House Arrest in Homeless-Shelter Bribery Scheme
A New York real estate broker was sentenced to nine months of house arrest this week for paying a former shelter operator hundreds of thousands of dollars in a yearslong bribery scheme to profit from city funding meant for homeless people. The broker, Sheina Levin, 61, owned a real estate company in Brooklyn. As the…
New trouble roils China Evergrande, fueling real estate crisis fears
HONG KONG — Just a few weeks ago, China Evergrande, the world’s most debt-saddled real estate developer, was writing its next chapter and working to resolve financial disputes with its creditors. Then a stream of bad news came, and the pages were torn up. Staff at the company’s wealth management arm have been detained by…
Nonprofit to use nearly $400,000 grant to expand legal services
Little Rock-based nonprofit law firm Center for Arkansas Legal Services (CALS) will receive a $394,344 grant from Washington, D.C.-based nonprofit Legal Services Corp. (LSC), according to a Wednesday (Sept. 20) news release. The money will be used to hire staff to lead the creation of a criminal record-sealing clinic for low-income Arkansas residents. CALS is…