Dubai riches is assured to become a stronghold over the next ten years
The emirate - thanks to its stature as a safe investment destination and overall positive business environment - is among eight cities that are "expected to grow strongly over the next 10 years", data intelligence firms New World Wealth and Webster Pacific say in their report called 'The wealthiest cities worldwide in 2019
Dubai The City Of The Future
Why is Dubai called the City of the Future? What makes this region stand out from other nations in the Middle East? How has Dubai progressed to achieve global levity and recognition in many areas?
Sheikh Mohammed Announces New Dubai Award
The Prime Minister and Rule of Dubai announced a Dubai appreciation award which will be presented for community service. It was a Decree issued by the Board of Trustees in Dubai. The award is the ‘Dubai Appreciation Award for Community Service’. This award will honour any person or organisation that has demonstrated their dedication towards social responsibility.
UAE Tops In Digital Competitiveness Report
The UAE has grabbed the top spot for digital competitiveness in the Arab region, and has been ranked in 12th place globally. This was recently issued in the IMD World Digital Competitiveness Ranking report for the year 2019. The UAE was ranked 17th in the 2018 report, and has advanced 5 spots to take its place at number 12 in 2019.
District 2020 Looking Beyond The EXPO
According to officials, the Expo 2020 site will be reused as the city of the future. It will be referred to as the District 2020 project. Officials have decided to invest in the district once Expo 2020 comes to an end. It is a mega project that plans to leave its own legacy on the country.
New Long-Term Visa For Artists Announced In Dubai
A long-term visa scheme will be launched in Dubai for artists and creative people. The Prime Minister and Rule of Dubai discussed this decision at a meeting in the Dubai Culture and Arts Authority. Aside from the launch of the visa, His Highness agreed to plans to set up a creative free zone. There will be a book fair and other events related to the literary season.
Dubai Attracted Dh46.6 Billion FDI In H1 2019
Dubai has attracted foreign direct investment or FDI worth a record $12.7 billion or Dh46.6 billion in the first half of 2019. This growth has shown an increase of 135% compared to the first half of 2018. The progress made in Dubai is insurmountable. The country continues to grow and break records as a top most attractive city to attract foreign direct investment. Dubai is placed third in global rankings related to capital flow and Greenfield projects.
Cityscape Global - Developer Turn To Issue Cheques To Property Owners
With many projects in the pipeline coming to a close, it is the developer’s turn to offer potential buyers incentives to give them a boost in buyer sales. The focus of the property developer is to offer buyers rental guarantee schemes. How does the developer go about issuing cheques to the buyer?
Dubai Sees 134% Increase In Property Deals
Transactions in the real estate industry have increased by 134% according to the Dubai Land Department. The Dubai Land Department was set up by the Ruler and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum of Dubai. The Deputy Ruler who is the son of the Ruler also chairs the committee. And since this committee was established, real estate transactions have seen a positive turnaround. This has demonstrated that confidence in the property market in Dubai has surged.
Dubai Property Market Needs Unified Set of Data
When it comes to the property market, the data has not been consistent for a few years now. The data coming seems to have different trends and variations. What the property market in Dubai needs is a set of data that is unified. The analysis often performed on the property market is either too earnest or too dull. While Dubai’s real estate market is one of the primary ways that shapes the economy, this doesn’t seem to reflect on the data released from time to time.
Dubai Leads Trend For Branded Residences Capital
Dubai Leads Trend For Branded Residences Capital
Dubai is set to become the branded residences capital, overtaking New York City in the year 2019. Branded schemes in the last 10 years alone have grown by 195%. It is an exponential growth in the branded residencies sector, and a new report states that more growth is expected to come.
“Fair Value” Seen In Dubai Home Prices
Home prices in Dubai are considered to be at a fair price, which refers to the prices being on a more realistic scale. The world property market has come down in recent years, and Dubai too has felt this impact. This fair value has given buyers and investors the opportunity to find attractive options. At the same time, developers don’t want to lose their clientele and since of late have started offering incentives and affordable payment options to keep the buyers interested.
Shaikh Hamdan Launches Dubai’s eCommerce Strategy
The Crown Prince of Dubai, Shaikh Hamdan, also the Chairman of Dubai Executive Council has launched an ecommerce strategy to strengthen and accelerate growth online, and give Dubai a global status in the ecommerce industry. The strategy will have 2023 in sight and work towards accomplishing the gains made by ecommerce, with the hope that it will reach Dh 12 billion.
UAE Among The Top Arab Countries In Terms Of Social Progress
A prosperous society needs both economic and social progress, and the UAE understands this concept fully. This is one of the primary reasons why the UAE leads the GCC in terms of social progress. Social progress is imperative to the growth of any economy. When you address complex challenges in society, it defines the society as a whole and ensures its success in the long-term.