No decline in visitor numbers expected after Expo, says Dubai Tourism CEO
A record 15.79 million tourists visited Dubai in 2017 “The vision we had set was purely about driving visitation numbers of tourists to Dubai,” said Issam Kazem, the CEO of the Department of Tourism and Commerce Marketing (DCTM). Dubai expects no dip in visitors number in the immediate aftermath of Expo 2020 Dubai, according to […]
Easy18 Apartments are now open for sales with a four-year post-handover payment plan
THIS PROMOTION HAS ENDED We are pleased to announce the grand opening and start of sales at TownX’s newest development; Easy18. All apartments are now available for purchase with a four-year post-handover payment plan. Learn more about Easy18 With prices starting at just AED 319,000, residents will be able to pay 50 percent of the purchase price prior […]
Dubai’s real estate sector, the world’s leading property destination
Dubai Land Department (DLD) has announced a number of new initiatives that aim to support the emirate’s economic diversification strategy by establishing Dubai’s real estate sector as the world’s leading property destination. The initiatives will see DLD developing a new mortgage and finance law in order to stimulate investment and streamline financial mechanisms in the […]
Good times ahead for jobseekers in UAE
81% of respondents think future job market situation will get better in next 6 months, Khaleej Times reports. 83% of respondents are confident that it will take them less than three months to find a new job Jobseekers across the UAE and the Middle East are confident that they will be able to find better […]
Zero percent decrease in rental prices for one and two bed apartments in Dubai International City
According to Cavendish Maxwell data, Dubai International City demonstrated highest gross yields last year due to lower property prices, service charge, operating and maintenance costs; an astonishing figure of 9.16%. Extension of existing communities such as Dubai International City (Phase 3) tend to offer even higher return of investment in the form of capital gains as […]
288,000 sq.ft. new & used furniture market completed at Nad Al Sheba 3
Market to have 120 shops for new and used furniture, household appliances, Gulf News reports. Dubai Municipality’s General Projects Department has completed the construction of the new furniture market in Nad Al Sheba 3 area at a cost of Dh77 million, the civic body said on Tuesday. Dubai furniture market is located a short drive away […]
A city reaching for the sky, without the help of oil
Think Middle East economies and you think oil. Yet Dubai—the most populated of the United Arab Emirates and home to the world’s tallest building—gets less than 1 percent of its gross domestic product from fossil fuels. In less than 50 years, it has morphed from a small Gulf port into a state-of-the-art city, home to mostly foreigners. Dubai’s […]
Dubai proposes fee waivers and SME incentives to boost business confidence
Dubai has called on government departments to put together a comprehensive reform package with the aim of boosting business confidence and economic growth, Gulf Business reports. The plans follow a decision last month to freeze government fees for the next three years as businesses in the country absorb higher costs linked to the introduction of […]
Dubai real estate market optimism
Dubai Land Department (DLD) has revealed that real estate transactions in Dubai for the first three months of 2018 (Q1 2018) totalled AED 58 billion through 13,759 transactions. His Excellency Sultan Butti bin Mejren, Director General of DLD, commented: “The Dubai real estate market continues to show continuous growth, driven by general optimism and confidence […]
Revealed: Most popular areas for new businesses in Dubai in March 2018
March sees a surge in business registration and licensing in Dubai The Department of Economic Development (DED) in Dubai witnessed business registration and licensing activity maintaining an upward momentum during the month of March 2018, reaffirming the emirate’s position as a preferred place for business startup and expansion. According to the ‘Business Map’ digital platform […]