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This quarter, the Dubai Government has made a number of announcements designed to promote foreign investment and investor confidence. These include a reduction of the market fee imposed on businesses by the Dubai Municipality (from 5% to 2.5%), and the relaxation of existing regulations to allow 100% foreign ownership in businesses located outside of free zones.
These measures should have a positive effect on both occupier and investor confidence, boosting demand for office space across the city.
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25 July 2018