Author: Ra'uf Asim Rahal
The World bank’s global economic prospect report has estimated that the UAE’s GDP will grow at 3. 9 percent in the year 2024, and at 4. 1 percent in the year 2025. The Australian economy is expected to grow slower than before and this is put at 3. 8 percent according to the latest update from the January estimate which was at 3. 7 percent for 2024. Regional Economic Outlook • Middle East and North Africa (MENA): It is expected to increase to 2. 8% in the year 2024 and further reach 4. 2% in 2025. • Gulf Cooperation Council…
Dubai’s Coca-Cola Arena will stage a spectacular concert that will see two of the most celebrated singers from the Middle East lead the performances – Hussain Al Jassmi and Sherine Abdel Wahab. They celebrate it with tremendous excitement, and this is reflected in the performances being held during this event. Event Details: • Date: June 21, 2024 • Time: Show starts at 21:00 • Venue: Coca-Cola Arena, Dubai • Ticket Price: From 42.51 USD Artists: • Hussain Al Jassmi: Al Jassmi is also well known as ‘Al Jabal’ and is well known for his popular tunes such as “Bil Bont…
Abu Dhabi: Abu Dhabi, with the new Census 2023, has touched 3,789,860 records which is an 83% increase in the population of the emirate within 2011. This census was the first to be be completed solely using register data where the male population was found to comprise 67% and have a median age of 33. Primary source of information reveal that out of the total population of the emirate of Abu Dhabi, two point four nine five five lakh people live in the Abu Dhabi region and contribution is as high as sixty – six percent. Second, Al Ain has…
Dubai – Mindvalley, the company that provides unparalleled transformational platform has partnered with the Eywa Movement with the aim to set a foothold in Dubai. By working together, the parties have identified an appropriate location within Eywa to locate Mindvalley’s regional headquarters. The home will be built to be over 6,500 square feet and accommodate Mindvalley experts with the vision of developing their minds, creating a space that would foster ingenuity. The main facilities proposed inside the residence will be an exterior terrace, with a waterfall and a swimming pool, a large garden, air and water purification systems. These amenities…
RIYADH: The camel maintenance grant is a new program launched by the Ministry of Culture that aims to bring to light the importance of the camel in the Saudi Arabian cultural, social, and economic context as evidenced by scientific research. Such grant suggests that research proposals may address camel importance in as many facets as historical, cultural, socio-economic, environmental and health disciplines according to Saudi Press Agency. The historical component features empiricial comparisons of the importance of camels with between civilizations, historical and ethnographic descriptions of traditions related to camels, and investigations of ways to archive this history. The cultural…
The emirate’s real estate market certainly went through fast growth over that week as the Land Department figures showed that the total value of property transactions reached over AED 17. 5 billion ($4. 8 billion). This was the increased by nearly $500 million in the previous week transaction that stat heart was AED 15. 9 billion ($4. 3 billion). The first component was sales operation, which took the largest share of the total transactions as indicated by AED 13. 34 billion ($3. 6 billion). In a similar fashion, the data obtained from the Land Department encompassing the volume of sale…
OriginalDubai real estate generated skyrocketing returns on the investments, elevated status, and increasing prices, making them a subject of interest for HNWI. As described by the developer MERED, these are superior, grand and sleek properties with superb amenities, stylish layouts, great services, spiffing high-end security systems. Rising Demand The demand for branded residences is also on the rise due to the Asia’s higher wealth status and the improved mobility of Asia’s wealthy elite. New evidence shows a record number of branded residences in Dubai today, in compliance with the global rise of 160 percent. As per the current scenario 17000…
The source of information is the Abu Dhabi Real Estate Centre (ADREC) which has claimed that there was a record FDI in the real estate of Abu Dhabi in the first quarter of 2024 . Total turnover of real estate in Abu Dhabi for this period was at AED 19. 4 billion through an estimated 6,070 deals. Data reveals that 478 persons of collective investments from such countries as India, Russia, Canada, United Kingdom, Jordan, and China used AED 1. 81 billion to invest in the Abu Dhabi real estate during January-March 2015, which increased as compared to the same…
Dubai Real Estate Market is currently at $750 billion and is expected to reach $966 billion by the end of 2024 as per the report published by Statista. This growth is often attributed to the growing Affiliate investors’ base, specifically, High Net Worth Individuals (HNWI) targeting luxury investment properties in Dubai. Specifically, based on the statistics, within the first quarter of 2024, 105 luxury residence units were sold in Dubai. Rising incompleteness of transactions, both primary and resale, can point to the city’s ability to close more such transactions than last year’s record of 431 luxury deals of over US$10…
Eagle Hills, an Abu Dhabi based company specializing in real estate, has recently reported a major break through to its largest venture in the tune of $1. 5 billion to develop Baghdad Golf Course & Spa in Iraq. The necessary land to support this elegant structure has been purchased by the company and will add to the aesthetics of Baghdad’s property. The luxurious Baghdad Golf Course & Spa which is under construction will consist of a professional golf course; an ensemble of luxurious houses; a sensational five-star hotel, and a secluded resort club. This decision came after the recent meeting…