The city remains the number one destination for the global HNWI community and millionaires clamor for the 'Dubai life' Dubai's Property Market Attracts Significant Investment A projected influx of over AED 16 billion (USD 4.4 billion) from high-net-worth individuals (HNWIs) in 2024 solidifies Dubai's position as a leading investment destination. This trend is echoed by global real estate consultancy...
our city has been named one of the best global cities to work in, making the top five. London topped the list for another year (it has retained the top spot since 2014), but Dubai came in at third place and Abu Dhabi in at fourth. The two UAE cities are the only ones in the Middle East to make the top 10, according to a report by management consultancy Boston Consulting Group. Other cities in the...
A total of 36.5 million passengers travelled through the UAE's airports in the first quarter of 2024. The General Civil Aviation Authority (GCAA) said this figure marks a 14.7 per cent increase compared to the same period last year. The breakdown includes 10,874,232 departures, 10,723,639 arrivals and 14,944,466 transit passengers. Meanwhile, the UAE's airports handled a total of 1.1 million...
Campus aims to attract over 500 tech companies and create more than 3,000 jobs. Dubai: The first phase of the Dubai AI Campus was launched on Saturday at Dubai International Financial Centre (DIFC). Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, launched the first phase of the campus, set to become the largest dedicated hub for...
The UAE has announced a long-term residency for environment advocates. Called ‘Blue Residency’, the 10-year visa will be granted to individuals who have made “exceptional contributions and efforts in the field of protecting the environment”. Applicable fields include boosting the air quality and green technology “The sustainability of our economy has become linked to the sustainability of...
Strategy features more than 200 projects and initiatives Dubai Unveils Ambitious Quality of Life Strategy (2033) Dubai Announces Focus on Resident Wellbeing: Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, recently approved the Dubai Quality of Life Strategy 2033. This three-phased initiative (2024-2033) prioritizes resident well-being through various enhancements. Under @HHShkMohd’s...
As early as next year, the emirate’s commuters will have the option to fly over traffic jams Dubai residents will be able to fly across the city via air taxis in a few years — and the cost? Dh350 per passenger, Khaleej Times has learnt. US-based aviation firm Joby gave KT a preview of the flying taxi that is expected to take off in Dubai by the end of 2025 Riders are sure to enjoy...
58% of interested buyers were looking for an apartment, while 42% were searching for villas/townhouses DUBAI, UNITED ARAB EMIRATES: Property Finder, the leading property portal in the MENA region, has revealed its market performance highlights for April 2024, offering valuable insights into the real estate landscape. In April 2024, there was a YoY increase of over 45.11% in recorded sales...
Wealthiest City in the middle East Dubai Leads the Middle East in Millionaire Concentration A recent report by Henley & Partners, as cited by The National, reveals Dubai as the Middle Eastern leader in millionaire residents. With an estimated 72,500 millionaires, Dubai boasts the region's highest concentration. Abu Dhabi follows closely with 22,500 millionaires. Dubai's wealth extends beyond...
