Fintech startup With its headquarters located in both Dubai and London, Elevate has raised an additional $5 million to expand its business and take advantage of the expanding trends in remote work and freelancing. Read this also: A significant bridge on the Garn Al Sabkha-Sheikh Mohammed bin Zayed Road is opened by RTA. For lower costs, the organization enables remote workers and freelancers to make international payments. According to a release, it intends to utilize the money to grow throughout Africa and the Middle East. With its introduction this year, Elevate has more than 150,000 members from Asia and North Africa. It allows users to get paid by US and foreign businesses as well as freelance platforms like Upwork, Maqsam, Paypal, Deel, and Toptal. Read this also: Gardenia Plaza Mall in New Cairo, the latest project of Mekky Developments, is unveiled. According to Khalid Keenan, CEO of Elevate, platforms like Upwork are allowing talent from nations like Egypt to earn in US dollars on a global scale as remote work and freelancing become more common in the region. Nevertheless, the current methods of accepting USD payments have proven to be expensive and ineffective. Elevate’s goal is to minimize costs and streamline the process so that independent contractors and remote workers may retain as much of their hard-earned money as possible, Read this also: Amidst the expanding UAE luxury market, Discovery Dunes offers a premium residential neighborhood exclusively for its members. Additionally, the portal provides favorable foreign exchange rates for money transfers and debit cards for online purchases. For a one-time price of $10, users can transfer money back to their local USD accounts. Elevate account deposits are kept by Bangor Savings Bank, a 172-year-old US financial institution that also provides FDIC insurance for up to $250,000 in customer savings.

On Sunday, June 9, 2024, Dubai’s Roads and Transport Authority (RTA) inaugurated a significant bridge as part of the Garn Al Sabkha-Sheikh Mohammed bin Zayed Road Intersection Improvement Project. Four bridges totaling 2,874 meters in length and 17,600 cars per hour of capacity will be built as part of this project. The recently finished two-lane bridge is 666 meters long and can accommodate 3,200 cars per hour. By dividing traffic from Sheikh Mohammed bin Zayed Road to the service road that leads to the gates of Jumeirah Golf Estate and Dubai Production City, it helps to enhance traffic flow. Read this also: Gardenia Plaza Mall in New Cairo, the latest project of Mekky Developments, is unveiled. The Al Garn Al Sabkha-Sheikh Mohammed bin Zayed Road Intersection Improvement Project has 90% completion rate, according to announcements made by Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of RTA. “His Highness Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai and the UAE’s vice president and prime minister, is ordering the project to be carried out. According to such guidelines, road infrastructure development must be completed in order to support population expansion and urbanization requirements while keeping up with Dubai’s continuous development,” he emphasized. Read this also: Amidst the expanding UAE luxury market, Discovery Dunes offers a premium residential neighborhood exclusively for its members. Al Tayer noted that the Chairman of the Executive Council and Crown Prince of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, keeps a careful eye on the project’s development. In order to facilitate traffic between Sheikh Zayed Road, Sheikh Mohammed bin Zayed Road, First Al Khail Road, and Al Asayel Street, the project serves as a vital link between Sheikh Zayed Road and Sheikh Mohammed bin Zayed Road. Read this also: The analysis predicts that by 2024, the UAE real estate market will have grown to a peak of AED 2.6 trillion. “After the project is finished, it will take 12 minutes instead of 20 minutes to travel from Garn Al Sabkha Street to Sheikh Mohammed bin Zayed Road in the direction of Al Qusais and Deira, saving 40% of the trip time. Additionally, it would cut the travel time for drivers driving toward Jebel Ali Port from Sheikh Mohammed bin Zayed Road towards Al Yalayes Street by 70%, from 21 minutes to 7 minutes “said Al Tayer. The second is a 601-meter-long, two-lane bridge. Its layout is to handle traffic coming from Garn Al Sabkha Street heading north toward Al Qusais and Deira, and eastward toward Sheikh Mohammed bin Zayed Street. An estimated 3,200 vehicles can cross the bridge per hour. Read this also: In Meydan, a brand-new Dh320 million villa project has opened. The third span spans 664 meters and has two lanes. By removing Sheikh Mohammed bin Zayed Road vehicles that are traveling north to Al Yalayes Street toward Jebel Ali Port, it allows for seamless traffic flow. An estimated 3,200 automobiles can pass through it in an hour. The fourth bridge has two lanes and is 666 meters long. It opened on Sunday. An estimated 3,200 automobiles can pass through it in an hour. Seven kilometers of road construction will be completed as part of the project, including surface intersection upgrades on the service road that runs parallel to Sheikh Mohammed bin Zayed Road. It includes irrigation systems, stormwater drainage networks, traffic signals, lamps, and traffic systems. The RTA’s master plan calls for the development of important east-west traffic corridors and arterial roads, such the newly finished Al Yalayes Street and Expo Street. One such road is the Garn Al Sabkha-Sheikh Mohammed bin Zayed Road Intersection Improvement Project. These corridors service several development projects on both sides, facilitate present and future traffic volumes, and support Dubai’s transportation networks.

Mekky Developments has revealed Gardenia Plaza Mall, its newest project in New Cairo that spans 3,000 square meters and has expenditures over EGP 800 million. Mekky Developments’ chairman, Ahmed Mekky, said that the company’s constant goal is to improve its real estate portfolio and broaden its customer base by providing creative, superior products. Mekky Developments is committed to making a name for itself in the most sought-after and esteemed segments of the industry in order to draw in a larger pool of potential clients. He clarified that the project is roughly 3,000 square meters in size and is well situated next to the Houria Selim Mosque and Live Sports Club at the intersection of the Gamal Abdel Nasser and Mohamed Naguib axes. The ground level and two upper stories make up the administrative and medical commercial complex known as Gardenia Plaza Mall. By the end of 2026, the project is expected to be finished and delivered to the customer. Additionally, he mentioned that the company offers a range of unique apartments at Gardenia Plaza Mall, with commercial units starting at 35 square meters and administrative and medical units at 30 square meters. Starting with a 10% down payment and offering payback periods up to 72 months, the project has been launched with a variety of customizable payment plans to accommodate the demands of all customers. The project’s first phase will shortly begin, with early contractors receiving substantial discounts during the initial sale period, according to the board chairman. He made it clear that all of Mekky Developments’ investment plans in the Egyptian real estate market come with exclusive discounts for the company’s current clientele. He stressed that Makky Developments has teamed up with top management, design, and operation consulting firms including Incomercial, Arkan Consultants, and Arch 5 Studio for this project, as it has for all of its others. The goal of this partnership is to create an integrated project plan that maximizes the area’s natural and visual appeal by incorporating smart building techniques and sustainable development requirements. Delivering a real estate offering that fulfills client expectations and offers the utmost in opulence, comfort, and enjoyment is the aim. The CEO of InCommercial Property Group, Mohamed Shehata, expressed his happiness at working with Makky again on this second mixed-use project. In order to serve visitors, he clarified, Incomercial strives to offer a wide range of specialized professional consulting services, with an emphasis on efficiency, comfort, safety, and sustainability. To increase the efficiency of all facility operations, Incomercial will oversee organizational procedures (for tenants and project visitors). They will also carefully select the project’s entire product mix and arrange activities around the business district to facilitate easy access to all floors and apartments.

Strong foreign investment, the growing demand for luxury houses, and prospects for high returns on investment are just a few of the elements driving the continuous growth of the UAE real estate industry, which is led by its luxury sector. The country’s leaders and government have also been implementing ongoing measures to make the UAE an even more alluring destination, like streamlining the application process for a UAE Golden Visa, which have contributed significantly to this ongoing surge in business travel. Sydney and Dubai are predicted to outperform other top global destinations with value increases ranging from 4 to 9.9 percent in 2024 when it comes to the strongest growth in prime residential property values, according to a 2024 forecast by global real estate firm Savills’ annual Prime Global Cities Index. This is after Dubai took first place in 2023 with an appreciation of 17.4 percent. This demonstrates Dubai’s ongoing appeal as the world’s leading prime market, and it confirms our prediction that demand from foreign investors will rise steadily for many years to come. With its exclusive members-only residential community, Discovery Dunes is the first of its kind in the area and emphasizes the significance of this expansion in a premium community market like Dubai. Part of the world-renowned Discovery Land Company, which operates 35 exclusive clubs and communities in the USA, Latin America, Europe, and the Caribbean, this ultra-luxurious project seeks to be a private haven of safety for families who share the same values and want to make enduring memories. Situated in the Golf sector of Dubai South, the largest single urban planned development in the United Arab Emirates, Discovery Dunes offers a rich and diversified array of amenities over 27 million square feet. In response to the rising number of investors entering the city and seeking to buy real estate, Dubai’s leadership has approved a plan worth AED 128 billion to construct a new passenger terminal at the emirate’s Al Maktoum International Airport, which will help meet the demand for prime residential property values. For club members who are traveling to or from the United Arab Emirates, this location in Dubai South—just a short distance from Discovery Dunes—is excellent for taking advantage of the latest advancement. Travel and aviation Discovery Dunes members will find great convenience and a significant boost to the nation’s tourism industry from the new international airport, which Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai and prime minister of the United Arab Emirates, claims will be the biggest in the world and able to accommodate up to 260 million passengers. The resumption of work on the Palm Jebel Ali and this new project have set the stage for Dubai South to grow significantly over the next several years. Several industry professionals predict that the new construction will have a significant positive impact on Dubai South as well as a significant increase in demand for residential and commercial real estate in the city and its surrounding areas. When the airport is completed, property values and investor interest should rise as well. Over the next ten years, demand for real estate in Dubai South and its surrounding districts is predicted to surpass 100,000 units. Dubai South, one of the upcoming neighborhoods for UAE citizens to live in, is anticipated to grow up near the new airport, which would create housing demand for almost a million people. With significant growth potential and general accessibility, the region will also be a fantastic residential option for both purchasers and visitors, as additional developments are anticipated to be planned once the new airport approaches completion. “Expanding to the Middle East, with our first community in Dubai, held substantial strategic appeal for a multitude of reasons including the economic vitality, strong increasing demand, and being an attractive destination for both visitors and expatriates, just to name a few,” said Mike Meldman, founder and chairman of Discovery Land Company. These attributes make the nation an excellent location for all types of foreign business endeavors, particularly in light of the nation’s rapid population growth and the ultra-high-net-worth (UHNWI) inflow, which is projected to continue rising for the foreseeable future. We want our members and their families to have life-changing experiences through Discovery Dunes, and there’s no better place to do this than the United Arab Emirates, a nation that values community and is home to several of the world’s most popular tourist destinations. According to a poll by KPMG and Agreus, the UAE’s total financial wealth is predicted to increase in the future years due to the contributions of family offices and ultra-high-net-worth individuals (UHNWIs). By 2026, the UHNWI population is forecast to contribute an additional $500 billion to the country’s GDP. The economy’s ongoing expansion will open the door for innovative new initiatives and projects that will help satisfy these affluent people’s and families’ present needs and give them even more reason to consider the United Arab Emirates as a primary or secondary place to call home. Because of the many advantages private residences offer their members—like making new friends, getting access to exclusive amenities, enhancing health, integrating into the neighborhood, and having a private home away from the bustle of the city, to mention a few—they will undoubtedly play a significant role in this growth. Through a variety of upscale amenities, such as Dubai’s first and only private golf course created by the renowned Tom Fazio, which accepts players of all skill levels and doesn’t enforce tee times, Discovery Dunes seeks to give its members a sense of “elevated luxury.” Additional important amenities include a “Outdoor Pursuits Programme” that provides a highly customized experience with a range of activities that suit all skill levels, age groups, and local interests, such as road biking, guided bike tours, equestrian sports, kite surfing, and much more. The programme is run by an on-site team. In addition, members have access to the luxurious “Clubhouse,” which boasts panoramic views, top-notch amenities, including a health and wellness center, and a fully staffed

A noteworthy deal between Ladun Investment Company and the Real Estate Development Fund was revealed in a recent market report. A lease of SAR 107.96 million has been signed by the two parties. Read this also: The analysis predicts that by 2024, the UAE real estate market will have grown to a peak of AED 2.6 trillion. The Real Estate Development Fund shall lease an 11,247 square meter administrative facility in accordance with the conditions of this agreement. This four-story building has 300 underground parking spaces in addition to plenty of space for administrative functions and car storage. Read this also: In Meydan, a brand-new Dh320 million villa project has opened. The lease is scheduled to expire on November 7, 2024, and was formally signed on June 4. The Real Estate Development Fund will occupy the space for its operations requirements for the five-year lease period. The purchase has good financial ramifications, as stated by Ladun Investment Company. The company believes that the lease will have a substantial positive impact on its financial performance in 2024, 2025, and 2028, indicating a calculated decision to improve its financial position going forward. Read this also: In Dubai South, brand-new luxury residences are opening. Ladun Investment Company has been involved in additional strategic alliances in addition to this most recent one. Notably, the UK-based Cheval Collection and Ladun signed a two-year contract in April. Given that The Cheval Collection is well-known for its opulent hotels and serviced flats, it stands to reason that this partnership might expand and elevate Ladun’s offering. Read this also: A step-by-step guidance on updating your bank’s Emirates ID These contracts highlight Ladun Investment Company’s proactive strategy for establishing important alliances and obtaining profitable transactions that should strengthen its position in the market and its financial stability. The company’s financial maneuvers and strategic initiatives are expected to result in significant rewards, demonstrating its dedication to real estate sector growth and development.

According to new Statista data, the UAE real estate industry is anticipated to be valued AED2.6 trillion by the end of the following year. High-net-worth individuals‘ (HNWIs) interest in investing in opulent residences in the city is the reason for the prolonged increase. Read this also: In Meydan, a brand-new Dh320 million villa project has opened. Dubai outpaced prestigious markets like New York and London in the first quarter of 2024, selling 105 luxury residences and getting closer to reaching the record of 431 transactions of properties valued more than $10 million set the previous year. Read this also: In Dubai South, brand-new luxury residences are opening. Dubai’s ultra-luxury and general real estate markets are expected to develop as the city’s wealthy population rises—a 24.6 percent increase in HNWIs is predicted by 2025. “We have seen the regional real estate market witness continued growth with the Dubai real estate market proving to be the leader when it comes to sales volume and surging price growth,” said Georgina Atkinson, Managing Partner, Origin Private Office. We have witnessed strong demand in the ultra-prime market from both domestic and foreign investors, with many of our UHNW clients from the UK/Europe and Asia opting to migrate or establish a presence in Dubai. Read this also: A step-by-step guidance on updating your bank’s Emirates ID As consultants, we consider ourselves extremely lucky to be assisting developers who work in the market’s “true” or “ultra-prime” segment—of whom there are genuinely very few. Our extremely skilled staff has consulted on some of the most famous structures in the world, so they have a plethora of international experience. We are excited to help provide exceptional residential development options to Dubai’s thriving real estate market, she continued.