UAE: The GCC's fastest-growing economy in 2024 and 2025
The United Arab Emirates (UAE) continues to stand out as the fastest-growing nation within the Gulf Cooperation Council (GCC). The outlook for 2024 and 2025 is particularly favorable, placing the UAE ahead of its regional peers. This article explores the key factors driving this booming economy. [...]
United Arab Emirates to attract more than 6,700 expatriate millionaires by 2024
More than 6,700 expatriate millionaires will relocate to the UAE this year, putting the Emirates at the top of the list of countries attracting the most wealthy individuals. According to a new study published on Tuesday June 18 by Henley & Partners, the UAE is poised to take first place for the third year running as the [...]
Emirates cut visa and work permit processing time to 5 days
The United Arab Emirates (UAE) recently announced a major initiative to reduce processing times for residence visas and work permits. This reform, involving several ministries and federal authorities, promises to transform administrative procedures for millions of workers and businesses in the country. A reform that benefits the economy Acceleration of the [...]
New bus line for Damac Hills 2
From July 1, a new public bus service will serve the residents of Damac Hills 2, a district on the outskirts of Dubai. The initiative has been widely welcomed by the local community, who see the service as an economical alternative to costly cab journeys. Affordable, accessible travel The new bus route, dubbed DA2, will connect Damac [...]
Dubai real estate figures: June 2024
Land transactions in June 2024 accounted for 48.07% of total transactions. The overall market decreased by around AED 4.7 billion from May 2024 to June 2024. The total value of real estate transactions in Dubai for June 2024 amounted to AED 57,301,033,080. This represents a significant increase on the [...]
Real estate in Abu Dhabi and Ras Al Khaimah
As global wealth continues to grow despite economic challenges, interest in real estate investment in exotic destinations is on the rise. According to Knight Frank's annual Destination Dubai 2024 report, Abu Dhabi and Ras Al Khaimah are emerging as key points of attraction for high net worth individuals (HNWIs). This article explores the current trends [...]
A promising investment in Dubai South
Dubai South continues to expand its horizons with a new real estate development project aimed at offering an elegant and sophisticated living experience. With a full range of high-end amenities, this initiative will precisely meet market expectations with its emphasis on luxury and comfort. This article explores the key features of this [...]
Dubai world leader in cultural and creative industries
The emirate of Dubai has established itself as a global reference in the cultural and creative industries (CCI), thanks to a strategic strategy of attracting foreign direct investment (FDI). In 2023, Dubai recorded a significant increase in FDI projects, consolidating its position as the global capital of creativity and innovation. Focus on the key elements of this impressive rise. A strong commitment to [...]
Record sale in Dubai: villa on Jumeira Bay Island sold for AED 175 million
A major turning point in Dubai's luxury real estate market was reached with the record sale of a sophisticated villa on the island of Jumeira Bay. Valued at a staggering 175 million dirhams, this property embodies exclusivity and absolute refinement. Introducing the record-breaking villa This landmark residence, an integral part of the Sea Mirror project, stretches [...]
Unparalleled experience: expansion of Dubai Mall
Pioneering real estate company Emaar Properties has unveiled an ambitious expansion project for Dubai Mall. The initiative represents a colossal investment of AED 1.5 billion and promises to add 240 new luxury stores and high-end food and beverage outlets to the iconic mall. Expansion of Dubai Mall: a strategic expansion for [...].
UAE climbs to 6th place worldwide in tourism receipts
In 2023, the United Arab Emirates achieved a notable breakthrough in the global tourism industry. The country climbed seven places to 6th place in terms of international revenue generated by tourism, with an impressive expenditure of $51.9 billion. This performance reflects not only the growing popularity of the destination, but also its [...]
The Hafeet railroad project: UAE - Oman
A new chapter is opening up for mobility in the Middle East as the rail project linking the United Arab Emirates (UAE) and Oman enters the implementation phase. Named Hafeet Rail, this network promises to transform the economic and social landscapes of both nations, linking desert and mountain regions in spectacular harmony. This strategic initiative is expected to stimulate not only the [...]
Palm Jebel Ali development in Dubai: New partnerships
Dubai's iconic Palm Jebel Ali Island is entering a new phase of development with the installation of key urban infrastructure. The project, led by Nakheel and under the aegis of Dubai Holding, promises not only to improve access and connectivity but also to support the Dubai 2040 urban master plan. Introduction to the Palm Jebel Ali development project Palm [...]
Economic forecasts for the United Arab Emirates in 2024
The United Arab Emirates (UAE) continues to demonstrate its economic resilience with positive forecasts for 2024. According to the latest projections from the International Monetary Fund (IMF), the UAE's real gross domestic product (GDP) is set to grow by around 4% this year. At the same time, average inflation is expected to be around 2%, indicating a degree of economic stability. This article [...]
Dubai real estate figures: May 2024
In May 2024, the total value of real estate transactions in Dubai reached AED 62,005,176,926, recording a remarkable increase of 58% on the previous month and 37% on May 2023. This significant increase reflects the robustness and growing dynamism of Dubai's real estate market. Several factors [...]
Lower fuel prices in June 2024 in the UAE
In June 2024, motorists living in the United Arab Emirates can finally breathe a sigh of relief thanks to a historic drop in fuel prices. After months of continuous increases since February, the Fuel Prices Committee has announced a reduction in gasoline and diesel prices, a decision that could have a major impact on the [...].
RTA's strategic plan: revolutionizing transport in Dubai by 2040
On Tuesday, May 28, 2024, Dubai's Roads and Transport Authority (RTA) unveiled an ambitious new strategic plan. This effort aims to make 80% of daily services accessible in just 20 minutes of walking or cycling. This initiative is in line with Dubai's Urban Plan 2040 and the government's "We the UAE 2031" Vision [...].
The rise of the tourism sector in the United Arab Emirates
In 2023, the United Arab Emirates' tourism sector played a crucial role in the country's economy. Generating significant revenues and thousands of employment opportunities, the sector is positioning itself as a major economic pillar. This article explores the recent economic contributions of tourism in the UAE and its promising prospects for the future. The economic contributions of tourism in [...]
Emaar Group's outstanding performance in the first quarter of 2024
Real estate giant Emaar Properties PJSC recently released its financial results for the first quarter of 2024, revealing notable gains and sustained operational resilience. This article explores the key highlights of Emaar's achievements and how it continues to play a crucial role in Dubai's economic landscape. Results [...]
Dubai's expanding real estate market: prospects for 2024
The year 2024 is shaping up to be a promising one for Dubai's residential sector, with a forecast of significant new unit deliveries and a continued rise in sales and rental prices. This article examines the current and future trends that are reshaping the real estate landscape of this dynamic metropolis. Current trends in Dubai's real estate market The popularity of [...]
The United Arab Emirates' new 10-year blue residency visa
The United Arab Emirates recently launched a groundbreaking initiative with the introduction of the Blue Residency visa, valid for 10 years. Designed to recognize outstanding contributions to environmental protection, the visa aims to encourage sustainability on a number of fronts. This article explores the details and implications of this major initiative. A decade of [...]
Palm Pay, the palm payment revolution
Technological advances continue to reshape the landscape of financial transactions. In 2024, an innovative new payment method called Palm Pay is scheduled for gradual deployment. This technology will enable users to pay for purchases simply by passing the palm of their hand in front of a dedicated device. Introduction to Palm Pay Developed by Astra Tech, this technology uses [...].
The rise in popularity of short-term rentals in Dubai
The craze for short-term rentals in Dubai is transforming the approach to property investment. With a remarkable growth in visitor numbers and a diverse range of options catering for all budgets, this cosmopolitan city offers lucrative new avenues for property investors. Recent developments in Dubai's real estate market Dubai has seen a considerable increase in the number [...].
Dubai 2033: Making the world's best city to live in
Dubai 2033, Dubai's new strategic quality-of-life plan, recently unveiled by the Crown Prince, promises to radically transform the urban experience. The initiative aims to create a more walkable, eco-friendly and family-friendly city with a focus on sustainability and accessibility. Sustainability and accessibility are the key [...]
The advent of air cabs in Dubai: a revolution in urban mobility
In the near future, traffic jams could become a distant memory for residents thanks to the imminent introduction of air cabs in Dubai. This innovation promises to drastically reduce journey times and offer a unique, panoramic travel experience over the metropolis. Air cabs in Dubai, a practical solution to traffic congestion.