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16 May 2019

Latest figures show jobs in wholesale and retail grew in April, indicating boost in sector

The Emirates NBD Dubai Economy Tracker Index registered a score of 579 for DubaiTravel and tourism, and construction jobs declined in AprilScore of 708 for wholesale and retail indicate strong growth in new businesses Dubai’s wholesale and retail sector had the fastest rate of...
15 May 2019

Average house price declined 1.5% month-on-month in April: Property Monitor Dubai House Price Index

House price declined 15% month-on-monthAverage house price now under AED 25 millionPrices in certain communities declined by more than 14% Property Monitor, the UAE’s leading real estate intelligence platform from Cavendish Maxwell, has released its Dubai House Price Index for April 2019 The index...
15 May 2019

New report suggests growth in construction industry to rise post-Expo 2020 over improving investor confidence

Residential construction had the largest market share in the industry, followed by energy and utilities constructionGovernment initiatives helping to boost industry overallCAGR of 46% expected between 2019 and 2023 Dublin-based Research and Market’s latest “Construction in the UAE – key trends and opportunities in...
14 May 2019

New projects targeting first-time buyers and investors offer boost to Dubai’s residential property market

Property Monitor shows improved off-plan sales figures in 2019Long-term payment plans attracting new types of investorsVolume of sales declined by 33% between 2018 and 2019 Despite prices falling year-on-year, Dubai’s residential property market continued to show improved off-plan transaction sales in April 2019 This...
12 May 2019

Dubai increases infrastructure spend with several new major RTA projects slated for the next five years

Package of new projects includes a Sky Garden, bicycle lanes and promenades at Sheikh Zayed Road, Umm Suqeim and Jumeirah BeachNew bicycle share programme to be developed with CareemPlans also account for current roadwork expansion projects across Dubai, and construction of new internal roads in residential areas ...
8 May 2019

Emaar unveils new premium Creek Edge waterfront residences at Dubai Creek Harbour

The 6 sq km Creek Island destination is on track to welcome first tenants this yearCreek Edge will comprise one 40-storey and one 20-storey tower, featuring 560 apartmentsPlans include a limited collection of waterfront duplex townhouses on the podium level Emaar Properties has unveiled...
6 May 2019

Five new Emaar Hospitality hotels set to open in Dubai this year

Plans include four premium and upscale hotels, and one mid-scale hotel in the city Hotels have already commenced online booking with strong customer response Over 1,300 keys to be added to inventory Emaar Properties’ hospitality and leisure arm,...
30 April 2019

Over 1,000 millionaires moved to Dubai in 2018 according to wealth migration report

The Global Wealth Migration Report for 2019, developed by AfrAsia Bank and New World Wealth, disclosed its wealth migration figures for the UAE recently The report found that nearly 2,000 high net-worth individuals (HNWIs) – with assets worth at least US$1 million – moved to the UAE...
28 April 2019

New intelligent Boxbay storage system at Jebel Ali Terminal 4 to drastically improve container handling efficiency

Dubai-based DP World and international partners SMS Group have entered into a joint venture that could revolutionise the way containers are handled in ports The new intelligent system, called Boxbay, is a high bay storage system that will be piloted for the first time at Jebel Ali...
25 April 2019

New Hala China initiative to boost Chinese enterprise in Dubai and open avenues for new real estate investments

Chinese SMEs in Dubai are primed to expand their presence in Dubai as Singapore-based Samanea joined hands with Hala China in a new initiative according to a statement from the company Hala China is based in Dubai, which is home to nearly 3,000 Chinese companies, and was...
24 April 2019

Expo 2020 to give UAE economy AED 122.6 billion boost according to latest report

Report suggests Expo 2020 will create nearly 50,000 full-time jobs Event is expected to account for nearly half of 1% of UAE’s total GDP More than 25 million visitors expected in Dubai for Expo 2020 As Expo 2020...
23 April 2019

Top 100 start-ups first in line to receive new long-term UAE visas

At the recently concluded World Economic Forum held in Jordan, the UAE government announced that it will grant long-term visas for the top 100 start-ups Currently, the scheme is valid for Arab start-ups, including promising technology ventures in Egypt, Morocco and Palestine, and is expected to be...
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