Strong demand spurs Dubai’s realty growth
The market performed well in 2021, with average home prices and rents increasing by 9.3 percent and 8.3 percent, respectively. Last year’s price growth was also the highest since January 2015.
Dubai’s luxury retail on the rebound
The government initiatives make the emirate a safe refuge for both inhabitants and tourists which has fuelled consumer activity. Expat-friendly laws have brighten up the prospects for growth in luxury retail sector.
Emirate attracts expats and HNWIs alike
World-class infrastructure, successful pandemic response and visa and labor reforms have made the city an ideal destination for expats. Also, the UAE’s stable economy persuades foreigners to make Dubai their second home.
Dubai’s hi-tech vision dazzles investors
Dubai is developing an environment that encourages firms from all industries to innovate. Already, the UAE is home to one-third of fintech startups in the Middle East and North Africa. Moreover, as the region’s leading financial hub, Dubai offers financial solutions to over one billion customers throughout the Middle East, Africa, and South Asia (MEASA)…
Dubai: Monaco of the region with a difference
The final quarter of 2021 provided a major boost to Dubai hotel results, with properties surpassing even 2019 figures across all major KPIs. Occupied room nights in the quarter hit 10.1 million, up 12 percent from 9 million in 2019. Length of stay increased from 3.5 nights to 4.5, a 20 percent increase and ADR increased…
Not just business hub, Dubai is music, food destination too
The locals, residents, and visitors have once again started flocking to museums, historical and heritage sites, and public libraries, according to DCAA data. Trips to these locations totaled 521,753 during 2021, with heritage sites accounting for half of those visits, followed by libraries at 39 percent and museums at 11 percent.