OneSankari – new launch in Dubai
Sankari Properties presents a new residential complex with favourable terms of purchase and return on investment.
297
Dubai announces the launch of the first AI and coding intelligence license in the country
731
Lavita at The Oasis – new mansions by Emaar are coming soon
AED 3.9M
Starting Price
Starting Price
60/40%
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Dubai Harbour Residences - a new phase coming soon
AED 20M
Starting price
Starting price
80/20
Payment Plan
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The Beach Collection Villas – a new phase of luxury villas on
Palm Jebel Ali
AED 40M
Starting price
Starting price
50/50%
Payment Plan
Payment Plan
OneSankari – a new, fantastic complex in Business Bay
AED 13.5M
Starting price
Starting price
65/35%
Payment Plan
Payment Plan
Meraas has introduced new phases of The Acres community
As the UAE is striving to become a global leader in artificial intelligence by 2031, Dubai International Financial Center (DIFC) in conjunction with the United Arab Emirates Artificial Intelligence Office launched an artificial intelligence and coding licence on 1 February 2022. Aimed at attracting coders and AI companies from all over the world, this is the first of its kind initiative in the UAE, providing license-holding companies with the opportunity to work in the DIFC Innovation Hub. The hub is the biggest cluster of FinTech and innovation companies in the entire region, housing over 500 companies, ranging from small start-ups to global giants, which account for more than 60% of FinTechs in the GCC. Moreover, employees of companies with an artificial intelligence and coding license become eligible for a 10-year Golden Visa.
Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, commented on this groundbreaking step:
Such initiatives reflect positively on the country’s readiness to become a global destination for pioneering the future industries by adopting advanced technology stimulating innovation in various fields. The UAE Government is keen to support digital transformation processes that embody the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. This is being achieved by developing digital activities and providing innovative solutions that improve governments’ performance and the lives of communities. DIFC has opened new horizons for leading global companies that aspire to enhance their efforts in AI and expand their businesses further.
The UAE has witnessed a range of economic changes as it aims to diversify and minimise its dependence on oil revenues. In fact, earlier this year (2022), the country announced that from 2023 the first-ever corporate tax will come into effect, which will amount to 9% if business profits exceed AED 375K (USD 102K). This move is expected to attract even more startups to the UAE by replacing business fees with the new tax.
