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Dubai’s booming real estate market has become even more attractive to foreign investors, as the UAE dirham has weakened against major international currencies such as the British pound, euro, and Indian rupee. This currency shift has significantly reduced property acquisition costs for buyers from the UK, Europe, and India — potentially saving them millions of dirhams compared to earlier this year.According to John Lyons, managing director at Espace Real Estate, the depreciation of the US dollar, to which the UAE dirham is pegged, has played a key role in making...

Dubai Police have successfully intercepted multiple cases of counterfeit currency circulation, including an operation in which an Asian national was involved as he paid a car seller with counterfeit money, which was later discovered by the seller.In a second case a gang of three suspects was arrested after smuggling counterfeit currency into the country and attempting to exchange it for foreign currencies through exchange companies.In a third case, a 56-year-old Asian visitor was arrested at an airport with counterfeit foreign banknotes worth Dhs185,000.Recently, the Federal Investigation Department at the Ministry...

DUBAI: Property investment - both commercial and residential - can bring reliable returns, said Pakistani exhibitors at the International Property Show (IPS) that took place in Dubai. They said they used the event to develop connections and sign ventures with developers from around the globe. A variety of Defence Housing Authority (DHA) projects from across Pakistan were present at this year’s event. “The Quetta market as well as the larger Pakistani market has huge potential for international investors and developers,” Chaudhary Azhar Munir, administrator, DHA Quetta, told Business Recorder. The...

Dubai is on the right track by adopting the digital currencies as the increasing number of firms taking benefits of simplifies global trade through digital coins. The recent approval of Circle Internet Group's USD Coin (USDC) and Euro Coin (EURC) as recognized crypto tokens in the Dubai International Financial Centre (DIFC) is a step ahead. This was stated by Lluis Mas, Chairman of Belobaba while talking to media in Dubai and added that “Dubai’s reputation as a global leader in blockchain and fintech adoption is strengthen as over 6,000 firms...