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UAE seen to rise in asset wealth rankings

UAE seen to rise in asset wealth rankings Staff Report / 22 September 2013 The UAE is expected to be the highest climber over the coming decade as its built asset wealth is expected to grow by two per cent, moving the country up two places to 23rd in the global rankings. This was stated by Flash Properties based on recent findings of the Global Built Asset Wealth Index, which quantifies the accumulated wealth of 30 countries’ built assets and is conducted by EC Harris in conjunction with the Centre for Economic and Business Research. According to this index, when it comes to built asset wealth per person, the UAE comes 12 th in the global rankings, with an estimated built asset wealth of $122,809 per person, while Saudi Arabia is in 15 th place with $72,861. The rankings were highlighted on the sidelines of the announcement by Flash Properties of its participation in Cityscape Global, the Middle East’s largest and most influential international real estate event, taking place from October 8 to 10 at the Dubai World Trade Centre. Tanzeel Gader, chief executive officer of Flash Properties, said: “The recent findings of Global Built Asset Wealth Index by analysing the accumulated wealth of 30 countries’ built assets — encompassing all the property and infrastructure that contributes to economic productivity — is a true indicator of the great potential of the UAE’s real estate market. The country is investing aggressively in its built environment and this opens the door wide for more sustained growth of the real estate market.” “With more than Dh5.5 billion worth of transactions recorded by the current Dubai real estate market, is appears that  2013 will be the year of revival for real estate industry, on the back of renewed confidence of  global and regional investors.” abdulbasit@khaleejtimes.com Continue reading

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FAA Creates Center Of Excellence For Biobased Jet Fuel

Taylor Scott International News Taylor Scott International Taylor Scott International, Taylor Scott Continue reading

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Falling victim to bogus marriage deals

Falling victim to bogus marriage deals Mustafa Al Zarooni / 18 September 2013 Today, Khaleej Times explores two separate issues facing Emirati society and the modern family nucleus in the UAE. In one article, we explore the issue of high numbers of Emirati men being lured — through money or trickery — into marrying foreign woman, who then use the marriages as a gravy train. In a separate story, a son who was taken away from his mother at a young age and neglected by his father is fighting to stop the courts from imposing mandatory monthly payments he must pay his reluctant parent. The man argues his father did not raise him properly, leaving him to seek out his mother — only to discover they did not speak the same language. Emirati youth being lured into contract marriages by foreign women who only seek UAE residence visa initially but entwine them in financial commitments after bearing babies Emirati youths are increasingly falling victim to bogus marriage deals proposed by smart expatriate women to obtain a permanent residence visa or UAE passport in exchange for money — or even through a fake love story. In these instances, matters are complicated even further when the women have a child. Several lawyers who spoke to Khaleej Times have recounted the phenomenon, most of which follow similar lines. One such story involves a young Emirati man who travelled abroad, where he met a young woman working as a waitress in a restaurant. Upon discovering he was a UAE national, she proposed marriage for three annual installments of Dh20,000 so that she could obtain a residence visa. Initially, the naive young man agreed to the idea. He first consulted some friends if this marriage is legal under UAE laws or not and he was advised that the UAE authorities are keeping a watch on this kind of fictitious marriage, and he might risk two months’ jail term and his “wife’s” deportation. When the Emirati man heard that, he rejected the woman’s proposal. Not giving up as the dream to come to work in the UAE had obsessed her mind, the woman contacted the man again and asked him what would be the problem if the marriage would be real and it would not cost him a penny. She told him he would be, instead, paid Dh60,000 plus a friend he could sleep with without the compunction of committing a sin since she would be his legal wife under the Islamic laws too. She assured him that she would bear even the rent of where they would be living, and affirmed that after the deal expired, he could divorce her whenever he wanted after she could get a job to shift the residence visa on it. This was a deal he thought he could benefit from as he would get a friend to have unpaid sex with, as she would be his wife legally, although it would be a secret from his family. Adding to that, he would receive Dh20,000 every year. So how could one refuse such an attractive deal like that? They made the deal and the girl accompanied her husband after she paid him the first installment (Dh20,000) agreed upon. She lived with him for over a year and a half and did not ask him for any money. At the end of the first year of marriage, she paid him the second payment (Dh20,000). She tried all the time to conceive a baby from him which happened after that period of marriage. She kept this matter secret and did not inform him that she got pregnant. Then she told him that she did not love him anymore and sought divorce. Once she gave birth to the baby, the man divorced her, which is when the troubles began. In the beginning of the third year, the woman broke her words and did not pay him the last payment (Dh20,000). Moreover, she sued him for being the father of her child and she won a court ruling which ordered the man to pay his ex-wife the rent for a good house for her and her son. The court also ordered him to provide his ex-wife with a car, a chauffeur and a housemaid as well as monthly child support and alimony, plus a permanent residence visa to take care of her Emirati son. The Dh40,000 the Emirati man collected is much less than what he had been ordered to pay the woman. Indeed, he was easily cheated. Emirati lawyer Ali Al Abadi clarified that he has handled tens of such cases across the country. Such cases usually end with a woman receiving a deferred dowry, while some others collect Muta’ah alimony along with a monthly alimony plus a house, a housemaid, and a chauffeur and a car. Al Abadi called upon Emirati youth to know their rights and not to go according to their feelings and desires as there are a lot of women who yearn for an easy catch which guarantees them a decent life in a country like the UAE. – malzarooni@khaleejtimes.com Lawyers call for stricter rules Lawyer Jasim Al Naqbi pointed out that there are two ways of fraud in such a case, first of which is that the marriage could be false. False marriage means the marriage is only on contracts not factual. Based on the marriage contract, the papers are submitted to the Naturalisation and Residency Department in order to issue a residence visa or even a passport for the foreign wife. “In such circumstances, if proven, the Naturalisation and Residency Department files a lawsuit against the Emirati husband,” Al Naqbi added. The second fraudulent way is an official marriage and giving birth to babies which help a non-Emirati woman to be eligible to alimony and child support over more than 20 years in addition to a residence visa and other benefits if a foreign wife bears a child from the Emirati husband. Al Naqbi said that the general Directorate of Residency and Foreigners Affairs has placed stricter measures regarding issuing a UAE passport to foreign wives married to Emirati men. Earlier, a non-Emirati wife married to an Emirati man and wants to get a UAE passport should spend three years after marriage in the country till she could apply for a UAE passport and citizenship. “Now, the measures have been changed. The time period has been extended to five years, with another  stipulation that she should have kids from her husband, along with other procedural measures.” Al Naqbi said he was for not allowing Emirati men to marry foreign women as, some countries have banned their national men from marrying foreign women except under some exceptional and reasonable circumstances. He said that some local institutions stipulate that their local employees should obtain an approval before planning to marry a foreign woman. That measure has also been taken in some neighboring countries as any citizen there willing to tie the knot with a non-citizen woman must arrange for an approval from the Ministry of Interior in these countries. Meanwhile, lawyer Adnan Obaid Al Sha’ali clarified that these malpractices result from a weak legal culture and religious restraint on some youths who are lured into the financial attractions and do not know the problems they would be facing in the future for such practices which contradict Islam, and the customs and traditions. They may also hurt the homeland. Al Sha’ali called for inculcating the legal and religious culture, which could curb such malpractices, in the next generation through the educational curricula and launching awareness campaigns. malzarooni@khaleejtimes.com   Man tries to force support from neglected son Staff Reporter An Abu Dhabi father has asked the courts to compel his son to financially support him, while the son has refused citing a bad upbringing. While one of the greatest transgressions in Islam is to disobey one’s parents, it is a different situation where the father has exhibited cruel, aggressive or negligent behaviour. Such a case happened here, resulting in a tug-of-war between a father and son over financial support and parental negligence. The father, through legal channels, wants his son to financially support him, but the latter has refused claiming that his father had abandoned and neglected him and deprived him of his mother since he was a baby. The father, who is insolvent with multiple wives, recently stood next to his son in front of the counsellor at the Family Guidance Division of the Abu Dhabi Judicial Department, shouted, cursed  and accusing his son of being disobedient for refusing to support him. In his appeal, the man said his son was wealthy and holding a post with a high salary. According to court documents, the young man told the court: “This man doesn’t deserve the Dh300 you deduct from my salary to give to him. So, how come he is asking for more?” He said he was not a disobedient son, but his father had been cruel to him since he was six-month-old, when he took him from his mother and sent her back to her homeland. The father took the boy to another country where he put him under the custody of his second wife. The second wife raised him along with his half brothers and sisters despite being poor. The boy remained in his stepmother’s homeland until she decided to join her husband — his father — in the UAE. He was seven at the time, and able to understand what was going on. The son said after the move, his life became harder, as his father not only denied him admission to school and his right to education, but he used to beat him up after consuming alcohol. He said his father also used to talk about the mother he did not know in abusive terms, and while he searched to find his mother, his father obstructed that search. The son testified that he left no stone unturned in looking for his mother, and asked whoever he knew to help find her. Eventually, he managed to get her address and details from some relatives. He bought an airline ticket and travelled to his mother’s country of origin, to meet the woman who gave birth to him. Once he reached the country, the meeting was warmhearted, but as the woman spoke only her mother tongue, he was not able to understand her or the half-brothers his mother had had after returning to her country and re-marrying.  He found himself a stranger and returned to the woman who had raised him and treated him like her own child. The man said when he returned to the UAE, he decided to start a new life. He secured a job, joined a literacy school and later adult education school. After gaining academic qualifications, he was promoted but did not forget his stepmother, looking after both her and his half-siblings, pledging not to let them be deprived of an education as was his case. After he settled down, he got married, and promised himself not to let his small family suffer like him. When the father learned his son had become well off ,he asked him to help him financially. The son said he refused fearing that his father might spend the money on alcohol or get married to another woman who might give birth to more children he would neglect. The father complained to the court, demanding his son support him. The court then ordered the son to pay his father Dh300 every month. However, the father was not content and requested the amount be increased due to his debt and insolvency. The son was in the belief that his stepmother and his half brothers and sisters were the ones who deserve the money and assistance, and not his alcoholic and polygamous father. The dispute is still in court with no final decision taken yet. –  news@khaleejtimes.com (This story is published in collaboration with the Abu Dhabi Judicial Department) Continue reading

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