Dubai-based DAMAC Group, helmed by Emirati billionaire Hussain Sajwani, is taking bold strides into the U.S. tech industry with a game-changing $20 billion investment in data centers. Announced by former President Donald Trump, the move underscores the growing synergy between Gulf enterprises and U.S. economic interests. Sajwani hinted at even more ambitious plans, suggesting the investment could increase...
Dubai saw an impressive 16.79 million international visitors between January and November 2024, reflecting a 9% increase compared to the same period last year, which recorded 15.37 million visitors. The latest Dubai Tourism Sector 2024 Performance Report, published by the Department of Economy and Tourism, highlights that 1.83 million tourists visited in November alone. Monthly arrivals earlier in the...
Affordable apartments in areas like Dubai Investments Park (DIP) and Discovery Gardens stood out in 2024, delivering some of the highest rental yields. Dubai's real estate sector experienced another record-breaking year, achieving a remarkable 180,900 transactions valued at $142.1 billion. Prices in popular neighborhoods continued to climb, supported by strong demand and consistent availability of new...
Dubai's real estate sector is poised for another strong year in 2025, offering exciting opportunities for both individual and institutional investors. With property prices projected to rise by 8%, the city's market continues to thrive, fueled by robust economic growth, innovative policies, and evolving lifestyle demands. Here’s a closer look at the trends shaping Dubai’s property market and what makes...
In a significant move to enhance the quality of life for Emirati citizens, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a series of housing projects worth AED5.4 billion ($1.5 billion). These initiatives aim to provide 3,004 new homes across Dubai, catering to a variety of needs and ensuring stability for families. New...
Dubai has taken another step forward in revolutionizing its real estate sector by launching the Smart Rental Index 2025. This innovative tool is set to reshape how rental values are determined, ensuring a more transparent and fair experience for everyone involved—from property owners to tenants. The Smart Rental Index is not just a new feature; it’s part of Dubai’s broader vision to align with...