Dubai plans to increase its ‘world’s most-visited destinations’ ranking
Emirate in strong push to diversify tourism source markets and sectors, Hotelier reports. The emirate was ranked the world’s fourth most visited city for the fourth year in a row by the Mastercard Global Destination Cities Index (GDCI) 2018 Dubai hopes to increase its ‘world’s most-visited destinations’ ranking in 2019 as it readies itself for […]
Silk Road Initiative: Why the UAE is set to benefit
In 2013, China unveiled a Silk Road plan for the 21st century – a strategy that aims to boost trade and productivity between the country and others across East Africa and Europe. The World Bank estimates the strategy, known as the Belt and Road Initiative (BRI) will encompass 30 per cent of the global GDP, […]
Tourism, retail and finance to boost Dubai’s GDP growth
Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 are providing the bedrock for increased private sector credit and investment in Dubai. As a result, real GDP growth rates in the short to medium term are projected to reach 2.1%, 3.8% and 2.8%, in the years 2019, […]
A vote of confidence in Dubai real estate
Berkshire Hathaway’s entry highlights returns an exposure in Dubai can fetch, Gulf News reports. Warren Buffett is not the first name that comes to mind when we talk of investment gurus who have made a fortune by taking outsize risks. Instead, Buffett and the empire he built through his holding company, Berkshire Hathaway, chose to […]
UAE’s permanent residency scheme to boost real estate in country: experts
The “Gold Card” programme unveiled by UAE Prime Minister Sheikh Mohammed bin Rashid Al-Maktoum is open to investors and “exceptional talents” such as doctors, engineers, scientists, students and artists, MoneyControl reports. The UAE’s recently-launched permanent residency scheme could be a game changer and provide a fillip to the real estate market by encouraging expatriates to […]
Dubai property market records a fourth month of sales growth
Dubai’s property market has come up with a fourth successive month of improved sales, both on off-plan and ready units. And with enough prospective buyers out there, developers in Dubai — government-owned and private — are feeling emboldened to test the markets with more launches. These are the numbers they will be looking at — […]
Dubai plans single licence to operate in all free zones
Dubai Free Zones Council members reach preliminary agreement on the One Free Zone Passport initiative, Arabian Business reports. Members of the Dubai Free Zones Council (DFZ Council) have reached a preliminary agreement on a new initiative to make it easier for companies to operate in multiple free zones. At its 12th meeting, members said they […]
Dubai – a real paradise for doing business
International business opportunities in Dubai are attracting more and more attention from business representatives all over the world. There is no person in the modern business community who is not aware of the phenomenal economic growth of the United Arab Emirates. The norms of corporate law of the Emirates provide for a completely new level […]
UAE’s business conditions show sharpest improvement since 2017
The rate of expansion was the fastest since 2015, Khaleej Times reports. The UAE non-oil companies saw growth strengthen again in April as signs of improving market conditions drove steep expansions in new orders and business activity, says a report. According to Emirates NBD UAE Purchasing Managers’ Index (PMI) for April, business confidence hit a […]
Top Five Foreign Real Estate Investors in Dubai
In the first three quarters of 2018, a total of Dh162 billion ($44.1 billion) in property changed hands, according to the Dubai Land Department (DLD). Of this, 18.5% was bought by foreign investors, which is an extremely high figure compared to most countries, NuWire reports. Dubai has been a popular choice with foreign property investors […]