The UAE moved up three places to seventh position in the annual IMD World Competitiveness Ranking this year, as the Arab world’s second-largest economy continues to grow amid its diversification efforts. The country was rated highly for its business-friendly environment, the dynamism of its economy, reliable infrastructure and its competitive tax regime, the IMD survey released on Tuesday...
UAE's capital was the fastest-growing emerging ecosystem in the region, marking a 28% growth Three UAE emirates — Dubai, Abu Dhabi, and Sharjah — are among the top ten startup ecosystems in the Middle East and North Africa region. According to the Global Startup Ecosystem Report (GSER) 2024, Dubai scored 10 out of 10 in funding, measuring innovation through early-stage funding and investor...
Expansion to raise the total gross leasable storage area to 336,000 square feet Dubai Science Park Announces Expansion to Support Growing R&D Demand Dubai Science Park, the region's leading scientific free zone, is undergoing a significant expansion project that will increase its storage and logistics capacity by 147%. This strategic initiative was announced at the recent BIO International...
The extended growth is due to HNWIs' interest in luxury property investment in DubaiThe UAE real estate market is anticipated to reach a value of AED2.6 trillion ($707.86 billion) by the end of 2024, according to recent data from Statista. Luxury demand driving market growth This extended growth is attributed to the increased interest of high-net-worth individuals (HNWIs), particularly their demand...
The data revealing that 69% of HNWIs around the world are now interested in owning a branded property in the emirate, up from 59% in 2023 A recent report by Knight Frank, titled "Destination Dubai 2024," reveals a growing interest in Dubai's branded residences among high-net-worth individuals (HNWIs) globally. The study indicates a significant increase in demand, with 69% of surveyed HNWIs expressing...
In 2023, the mall became the most visited place on EarthThe largest mall in Dubai is about to get bigger. Emaar Properties on Monday announced a massive Dh1.5 billion expansion of Dubai Mall, which will include 240 new luxury stores and food and beverage outlets. The contractor is already mobilising on-site for this large-scale project. The largest mall in Dubai is about to get bigger. Emaar Properties...
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...
