Investor confidence in Dubai remains high: DED
Investor confidence in Dubai as a competitive global hub, and in its business development potential, remained robust through the month of July 2018, with the Department of Economic Development, DED, witnessing 24,489 transactions related to business licencing and registration. A total of 1,651 licences was issued during the month, in addition to 12,532 licence renewals […]
Revealed: The World’s Most Expensive Airbnb Cities
In the latest Bloomberg index, Miami and Boston took the top two spots in the average daily cost of lodging in private dwellings for the second straight year. Airbnb owners asked for $205 a night and $195 a night, respectively, in the two cities. However, the Middle East has been climbing in the annual index […]
Revealed: how many new firms joined Dubai’s DIFC in H1
Dubai International Financial Centre says total number of active registered companies in DIFC alone exceeded 2,000 at the end of June Dubai International Financial Centre (DIFC) has announced strong growth in its community, with new companies from all over the world joining during the first half of 2018. The total number of active registered companies […]
Dubai Municipality to send fresh graduates to private companies for training
Dubai Municipality has launched a unique initiative in cooperation with its strategic partners in the private sector to train the fresh graduates who are sent by the Municipality to private companies and institutions to work in fields that are compatible with the Municipality specialties. Dawood Al Hajiri, Director General of Dubai Municipality, affirmed that this […]
Dubai among world’s top 10 most attractive cities for expat workers
Dubai has been ranked among the top 10 most attractive cities for expatriates looking to work abroad, according to a new study. The Decoding Global Talent 2018 study, conducted by The Boston Consulting Group and The Network found that the emirate was ranked sixth worldwide, up five places when compared to a similar study conducted […]
Study shows SME share of Dubai GDP at 47%, workforce at 52.4%
Dubai SME, the agency of the Department of Economic Development, DED, in Dubai, mandated to develop the Small and Medium Enterprise, SME, sector, in conjunction with the Dubai Statistics Centre, released a new study on the local SME sector as part of Dubai SME Development Plan, SMDP, which is part of the Dubai Plan 2021. […]
Dubai population to double by 2027
Dubai’s population has reached 3.086 million people comprising one third of the national UAE population of 9.27 million residents, according to Dubai Statistics Centre figures on Tuesday. And by 2027, Dubai is expected to jump to more than five million in a city whose population that has grown 1,000 per cent in the last 40 […]
UAE and Russia sign visa exemption pact
In a bid to encourage bilateral tourism, investment and trade. A number of agreements and memoranda of understanding between the UAE and Russia were signed, including the mutual exemption of visa requirements for citizens of the UAE and Russia in a bid to encourage bilateral tourism, investment and trade. The agreement was signed by Maadhad […]
AED 111 billion total of Dubai real estate transactions in H1 2018
Government decisions boosted investor confidence and supported the attractiveness of the real estate sector Dubai Land Department (DLD) has revealed that real estate transactions in Dubai for the first half of 2018 (H1 2018) reached AED 111 billion, reaffirming Dubai market’s attractiveness and ability to compete with global investment destinations. The strengths portrayed by Dubai’s […]
DED sees brisk business registration and licensing in June 2018
The Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED) in Dubai issued 1,185 new licenses and concluded more than 19,850 transactions during June 2018. The latest data, recorded on the ‘Business Map’ digital platform of BRL, indicates that the emirate continues attract businesses and investors as a competitive hub for […]