Abu Dhabi becomes the world's richest city in terms of sovereign wealth fund assets
Abu Dhabi, one of the world's most prosperous cities, is a financial titan thanks to its skilful management of sovereign wealth funds. With $1.7 trillion under management in 2024, this emerging capital is positioned as the undisputed world leader in this field. But how did Abu Dhabi achieve this impressive status? Let's take a look [...]
Dubai commits to transforming the real estate sector by 2033
Dubai is not only known for its impressive skyscrapers and luxurious lifestyle. The city is constantly evolving, seeking to outdo itself in both economic and real estate terms. In 2024, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum unveiled a revolutionary strategy for Dubai's real estate sector. This initiative [...]
Etihad Rail launches its new brand for the future of railways in the Emirates
Etihad Rail, developer and operator of the National Rail Network of the United Arab Emirates (UAE), recently unveiled a new brand identity. With a revamped logo and renewed mission, vision and values, the company aims to embody the spirit of national unity and strengthen connectivity between the various cities and regions of the [...].
Emirates to reduce fuel prices by October 2024
Drivers in the United Arab Emirates can look forward to a significant drop in fuel prices in October. This cost reduction is in line with global trends, and marks a return to levels not seen since January 2022. Let's take a look at the details of this reduction and its economic implications. Details of [...]
Footballers invest in luxury real estate in Dubai
Dubai has long attracted the world's attention thanks to its luxurious lifestyle and profitable investment opportunities. Recently, the city has seen a new wave of prestigious buyers from all over the world, including many of the biggest names in soccer. These renowned sportsmen and women choose Dubai as their home, [...].
Emirates real estate market to reach €640 billion by end 2024
Over the past few years, the real estate market in the United Arab Emirates (UAE) has been booming. This dynamic has been made possible by a number of economic and political factors that are attracting more and more local and foreign investors. Let's take a look at what makes this market so attractive. The drivers of real estate growth in the UAE The [...]
Dubai real estate figures: September 2024
Detailed analysis of the Dubai real estate market: performance in September 2024 The Dubai real estate market recorded exceptional growth in September 2024, reaching new heights both in terms of transaction volumes and total value. This remarkable performance testifies to the emirate's strength as a global hub for [...].
Dubai approves the largest budget in its history
Dubai, known for its ambition and innovative spirit, has just approved the largest budget in its history, marking a significant step towards sustainable economic growth and a better quality of life for its residents. Under the leadership of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates, the emirate is planning a series of [...].
Dubai revolutionizes events with $2.7 billion expansion of Expo City
Dubai is gearing up to become the region's largest indoor event center with a flagship project included in the Dubai 2040 urban master plan. This colossal project aims not only to expand existing infrastructures, but also to redefine the event experience. Let's delve into the details of this ambitious transformation, which promises to mark a [...].
Dubai Sphere: a sphere inspired by Las Vegas
Dubai's entertainment scene is about to undergo a veritable upheaval with the imminent arrival of the Dubai Sphere, a revolutionary venue inspired by the famous MSG Sphere in Las Vegas. The complex embodies the quintessence of opulence and innovation, promising total immersion in a futuristic universe. Dubai Sphere: a grandiose project on the Island The [...]
Sharp rise in centi-millionaires expected in Dubai, Abu Dhabi and Riyadh
In a recent report, Dubai, Abu Dhabi and Riyadh were identified as major hotspots for the ultra-rich. These cities are poised for rapid growth in their centi-millionaire communities. But what makes these cities so attractive to this particular category of wealthy individuals? This article explores the factors behind this [...]
Emirates to require women on boards of directors from 2025
Integrating women into corporate boards of directors has become a priority for the UAE government. Through a series of mandates and initiatives, the authorities are seeking to boost the presence of women in senior decision-making positions. This movement is part of a wider drive to promote gender equality and strengthen diversity [...].
Dubai off-plan property prices stabilize after 2023 boom
Real estate in Dubai has skyrocketed in recent years, particularly for those interested in off-plan properties. By 2023, the market had gone through a phase of intense growth, with prices for off-plan properties jumping significantly. However, this momentum could not last forever. By mid-2024, the market was showing signs of [...]
Emirates' first passenger rail stations unveiled
The rail network plays a crucial role in mobility and urban development. With the strategic siting of new stations, the growing demand for transport is not only met, but also transforms the surrounding urban landscapes. Recent station projects in the United Arab Emirates illustrate how these infrastructures can reshape our cities and influence our daily journeys. [...]
Emaar announces a new super-tower in Dubai to rival the Burj Khalifa
Emaar's recent announcement of a new supertower in Dubai has generated a great deal of interest worldwide. This new construction promises to rival the iconic Burj Khalifa, and could well set new standards in architecture and urban design. Using advanced materials and innovative techniques, this tower could become not only the [...]
Sharjah real estate records 700 million euros in August
Sharjah, the pearl of the United Arab Emirates, stands out for its economic dynamism and political stability. In 2024, the emirate's real estate market is experiencing remarkable growth, attracting investors in search of profitable short- and long-term returns. With total transaction volumes reaching impressive heights, let's explore the reasons behind the [...]
Real estate boom in Ras Al Khaimah ahead of Wynn casino opening
Ras Al Khaimah (RAK) is rapidly emerging as a leading real estate hub in the United Arab Emirates, offering investors remarkable opportunities. In just one year, property prices in the region have risen by an impressive 35%, accompanied by attractive rental yields of up to 9%, according to local experts. Imobiliare Dubai points out that Ras Al Khaimah is [...]
Dubai real estate market booms with 40% increase in August
Between towering skyscrapers, sun-drenched beaches and a thriving economy, Dubai's real estate market seems to be booming like never before. In August 2024, real estate transactions showed a notable rise, which continues to attract the attention of local and international investors. Let's explore the different facets of this real estate boom. A significant increase in sales [...]
Dubai strengthens its road network with the opening of two new bridges on Al Khail Road
Dubai continues its spectacular expansion with the introduction of new infrastructure. The latest include two major bridges inaugurated by the Dubai Roads and Transport Authority (RTA). These new constructions promise not only to improve traffic flow, but also to dramatically reduce travel times in this bustling metropolis. New bridges at Zaa'beel and Al [...]
Major changes in UAE labor law
The United Arab Emirates has just announced major changes to its labor legislation, aimed at strengthening regulation and protecting workers' rights. These changes, introduced by Federal Decree-Law No. 9 of 2024, have been in force since August 31, 2024. Let's take a look at the main points of these amendments. Extension of the limitation period [...]
Dubai attracts 691,000 medical tourists with more than 257 million euros in treatments
Dubai is not just a city emblematic of luxury and skyscrapers. In recent years, it has also established itself as a major destination for medical tourism. Many visitors flock here every year, attracted by the quality of care and state-of-the-art infrastructure. Let's find out why Dubai is becoming a leader in the medical tourism [...].
Dubai real estate figures: August 2024
August 2024 marked a period of transition for Dubai's real estate market, with sustained activity but a slight drop in transactions compared to July. The total volume of real estate transactions reached AED 56.95 billion, a decrease of 7% compared to July 2024, but a significant increase of [...].
Dubai Simplifies Real Estate Investment with Video Calling Services
Real estate transactions can often be time-consuming and complicated. But with recent technological advances, it has become possible to simplify this process. The partnership between the Dubai Land Department (DLD) and Injaz Real Estate marks a decisive turning point in the way these transactions are carried out. All this thanks to an innovative platform that makes it possible to carry out [...]
Abu Dhabi Rents Rise Following Launch of New Rental Index
Abu Dhabi's real estate market has been expanding significantly in recent times. According to Rashed Al Omaira, Acting General Manager of the Abu Dhabi Real Estate Centre (Adrec), demand for properties is steadily increasing. To respond to this growth and offer greater transparency, the emirate plans to update its rental index on a quarterly basis. Market growth [...]
Dubai International Airport expects to welcome 3.43 million passengers by the end of summer
As the summer vacations draw to a close, Dubai International Airport (DXB) prepares to welcome a massive influx of travelers. Expected to receive over 3.4 million passengers over the next few days, DXB continues to strengthen its position as the world's leading hub. Let's take a closer look at how DXB is managing this [...].