Nearly 10,000 jobs created and 2,500 companies established in March in Dubai
Dubai witnessed stronger business activity in March through the establishment of nearly 2,500 new companies, creating over 9,600 jobs in a month alone. According to the Department of Economic Development’s Business Registration and Licensing (BRL) section, 2,459 new licenses were issued in March 2019, a growth of 35.4 per cent, compared to 1,816 licenses issued […]
Dubai realty check: Property buyers are back with increased transactions
Dubai’s property market is witnessing signs of green shoots as the number of transactions increased in the first two month of 2019 while developers also report good numbers as lower prices attract new buyers. “In the first two months of 2019, there is increase in number of transactions. There are more buyers in the market. […]
More first time buyers said to enter Dubai property market
Bayut.com CEO Haider Ali Khan says lower prices mixed with new laws regarding visas and retirement options are driving change, Arabian Business reports. Lower prices mixed with new laws regarding visas and retirement options are pushing Dubai residents to take the plunge as first time buyers in the property market, according to real estate portal […]
Business activity in Dubai increases at the fastest rate since 2015
UAE on track to meet 2021 economic diversification targets Dubai’s non-oil private sector economy expanded at a fastest rate in nearly a year in March, according to a new business survey. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index rose from 55.8 in February to 57.6 in March, the highest since May 2018. Total […]
Dubai ranks 6th globally with $10.5bn FDI in 2018
FDI projects have led to the generation of 25,000 new jobs created by investors, with medium and high-tech FDI projects being the main driver, Arabian Business reports. Dubai attracted $10.5 billion (AED38.5bn) worth of foreign direct investment (FDI) in 2018, up 43% compared to 2017, climbing to the sixth place in global FDI capital flows […]
Buyers again snapping up off-plan properties in Dubai
More than half of Dubai homes sold so far this year were off-plan Off-plan sales are blooming once again in Dubai – March’s tally of 1,845 units handily beats the 1,713 transactions registered with Dubai Land Department in February. More importantly, these two months are way better than any monthly tally since May 2018 A […]
UAE world’s top hotspot for startups followed by New Zealand, Singapore
About 52 percent of these startup companies are B2C ventures, in addition to the fact that 93 percent of them are headquartered in Dubai, Khaleej Times reports. Studies indicate that the UAE is the world’s top hotspot for hundreds of startups followed by New Zealand, Singapore, Norway, Germany, Japan and Sweden. It is observed that […]
Special Report 2019: Addressing the most common misconceptions about Dubai’s real estate market
Before 2014 the property market used to be very expensive, with fewer unit options and hardly any attractive payment plans. Fast forward to today and the market gives a great opportunity for tenants to rethink their strategy and invest in real estate or become owners for virtually the same cost. There are plenty of reasons […]
Why international students would absolutely love it at Easy18 Apartments
With demand for higher education on the rise in the UAE, many students are actively considering pursuing their education — and career goals — in the country. It is safe, popular and prospering. According to the Knowledge and Human Development Authority’s (KHDA) Higher Education Classification and Rating Framework (HECRF), Dubai’s higher education sector in particular […]
Investor favourite International City clocks up ten percent rental returns
Investor favourite International City clocks up ten percent rental returns due to healthy demand from those migrating from other emirates UAE real estate continues to provide some of the highest returns in the world according to Property Finder’s active listing data. Lukman Hajje, chief commercial officer of Property Finder, said: “Typically, smaller properties produce better […]