Dubai Economy

My Next Legacy for Dubai – The World’s Second Tallest Tower: Burj Azizi

My Next Legacy for Dubai – The World’s Second Tallest Tower: Burj Azizi

My Next Legacy for Dubai – The World’s Second Tallest Tower: Burj Azizi. I used to hear stories about Dubai from a friend I had 38 years ago while I was living back home. I used to periodically go to his watch store. He would share stories of his travels and business dealings in a city I knew very little about and never imagined I would call home over cups of tea. Subsequently, I began my own...

The Journey of Dubai: From Oil-Based Economy to Global Recognition – How the Impossible Became Possible by Sheikh Rashid

The Journey of Dubai: From Oil-Based Economy to Global Recognition – How the Impossible Became Possible by Sheikh Rashid

The Journey of Dubai: From Oil-Based Economy to Global Recognition – How the Impossible Became Possible by Sheikh Rashid" began in a bygone era when Dubai was merely a quaint little fishing community. It is difficult to believe that pearl diving and fishing were the main sources of income in the formerly vibrant metropolis of today, with its recognizable skyscrapers and thriving economy. But this change...

DMCC to Expand Real Estate and Business Operations in H1 2024

DMCC to Expand Real Estate and Business Operations in H1 2024

With substantial improvements, DMCC to Expand Real Estate and Business Operations in H1 2024, the Dubai Multi Commodities Centre (DMCC) today supports about 25,000 enterprises in its business district. This follows the addition of 1,023 new businesses in the first half of 2024. In addition to increasing its proportion of foreign direct investment (FDI) to 15% from 11% the previous year, DMCC has raised...

DXB Welcomes Record 44.9 Million Guests in First Half of 2024, Boosting Dubai’s Economy

DXB Welcomes Record 44.9 Million Guests in First Half of 2024, Boosting Dubai’s Economy

Dubai International (DXB) achieved a milestone by DXB Welcomes Record 44.9 Million Guests in First Half of 2024, Boosting Dubai’s Economy. This significant achievement sets a new benchmark for its impact on the city's economic landscape. With an 8% increase in visitors compared to the previous year, DXB has strengthened its position as the world's top gateway. This growth is attributed to the...

Dubai to Allocate 15% of Property Sales to Emirati Brokers

Dubai to Allocate 15% of Property Sales to Emirati Brokers

To enhance job opportunities for residents, the Dubai Land Department (DLD) announced a groundbreaking initiative on Sunday. The department has entered into agreements with nine prominent developers, both private and government-backed, to reserve a specific percentage of their projects for sale through Emirati brokers. Read this also : Expo Sharjah Plans Expansion to Attract New Exhibitors and Boost...

Dubai Mall Sets New Record with 105 Million Visitors in 2023

Dubai Mall’s Remarkable Achievement: ‘Most Visited Place on Earth’ with 105 Million Visitors in 2023

With an unprecedented 105 million visitors in 2023, Dubai Mall has solidified its position as the "most visited place on earth." This remarkable milestone marks a significant 19% increase from the previous year's 88 million visitors, showcasing the enduring popularity and allure of this iconic destination. Click Here to Read More : Sobha Realty Achieves Record-Breaking Sales of Dh15.5 Billion in...

Dubai Office Space Market Defies Remote Work Expectations with 44,000 Square Meters of New Developments

Dubai Office Space Market Defies Remote Work Expectations with 44,000 Square Meters of New Developments

In a surprising move contradicting remote work expectations, Dubai is set to witness the construction of 44,000 square meters of high-quality office space in free zones during 2024, responding to the city's surging demand. Read this also : In 10 Years, Sharjah Millionaires Projected to Surge by 120%; Dubai Ranks Third in BRICS Bloc Wealth Commercial real estate company CRC's report reveals plans for...

Dubai's Real Estate Soars with AED 4 Billion in Transactions on Wednesday

Dubai’s Real Estate Soars with AED 4 Billion in Transactions on Wednesday

Dubai's real estate market witnessed a remarkable surge on Wednesday, as reported by the Dubai Land Department (DLD). The data reveals a total of 494 sales transactions, amounting to AED 2.18 billion. In addition, the day recorded 101 mortgage deals, totaling AED 1.07 billion, and 42 gift deals reaching a sum of AED 787.19 million. Read this Also : Discover the Anticipated Hotels in Dubai Set to Open in...

Why Canadians and Americans Should Invest in Dubai Real Estate: A Comprehensive Guide

Why Canadians and Americans Should Invest in Dubai Real Estate: A Comprehensive Guide

Introduction: When it comes to real estate investment, Dubai's vibrant market has caught the attention of investors from around the world. If you're a Canadian or American investor, you might wonder what makes Dubai such an appealing destination for your real estate ventures. In this comprehensive guide, we'll delve into the myriad reasons why Dubai should be on your investment radar. 1. Dubai's...

Dubai Real Estate Market Enters New Era with Record $60 Billion Sales

Dubai Real Estate Market Enters New Era with Record $60 Billion Sales

Introduction: In a groundbreaking development, the Dubai real estate market has embarked on a new era of remarkable growth, showcasing its strongest performance in history. With a record-breaking $60 billion in property sales over the past seven months, the sector is proving its resilience and robustness. W Capital, a leading real estate firm, has highlighted these unprecedented achievements as...

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