2023

The economy of the United Arab Emirates (UAE) is set to record impressive growth in the coming years. According to S&P forecasts, solid economic growth of 3% is expected for 2023, accelerating to a promising 4% by 2024.But what are the driving forces behind this astonishing growth? The main driver is the non-oil sector, which will thrive due to various factors. Robust growth in the tourism sector,...

The current data available up to and including September 23, 2023 provides insights into real estate transactions as well as the population structure and development in the United Arab Emirates (UAE) and Dubai in particular.Real estate transactions:A total of 90,611 real estate transactions were recorded in the period from January 1 to September 23, 2023. These transactions are divided into three main...

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In recent years, the United Arab Emirates (UAE) has developed into one of the world's leading economic centers, attracting the interest of international investors, innovators and entrepreneurs. Dubai in particular is continuously investing in a supportive environment for start-ups and companies to promote their growth. If you are thinking about investing in real estate or business in the UAE, there are...

The United Arab Emirates (UAE) has recently taken a groundbreaking step by creating a new federal authority to regulate commercial gambling in the region and introduce a nationwide lottery program. The General Commercial Gaming Regulatory Authority (GCGRA) was set up to establish a first-class regulatory framework for both national lotteries and commercial gaming. At the head of this groundbreaking...

In today's fast-paced world, young people are becoming powerful influencers in various industries, and the real estate sector is no exception. Millennials and Generation Z, equipped with unprecedented access to information and digital technologies, are actively driving business transformation and redefining the dynamics of leadership. As an insider in the industry, I firmly believe that their influence is...

Buyers still want a slice of the palm, even though villa prices have risen by 146% since January 2020 Dubai real estate market: While rental prices in Dubai are stabilizing, a completely different trend can be observed in property sales values. Over the past year, the average value of residential real estate transactions has increased by 17 percent, with a remarkable 5 percent increase in the April to June...

UAE real estate companies report that the real estate markets in Dubai and Abu Dhabi are proving resilient in the face of rising interest rates and inflation. In the second quarter of 2023, Dubai's real estate market outperformed the global competition with around 11,000 residential units, mainly apartments. Sales activities in Abu Dhabi for completed and unplanned projects reached a decade high. While...

Dubai saw a surge in the influx of wealthy investors from around the world after the pandemic Dubai has set a record in the luxury real estate market this year, with the sale of a total of 335 luxury properties by the end of July, making 2023 the most successful year for the segment, a new market study has revealed. In addition, strong demand for luxury residences and villas is forecast for the remaining...

Dubai's real estate landscape has undergone fascinating changes in 2023, especially in the mid-market residential sector. As the city continues to develop, certain neighborhoods are becoming hotspots of rental growth. While iconic destinations such as Palm Jumeirah remain in the spotlight, an unexpected contender has risen to the top: Dubai South. This change has attracted the attention of both investors...