KNOWLEDGE IS POWER

Grade A office rentals registered an average annual increase of 14%, with specific markets experiencing hikes up to 30%. The Savills report said Dubai is also seeing rising demand & trend for flexible or serviced office spaces, which is causing the office market to further expand, exacerbating the supply-demand imbalance. This trend is combined with record-high new company registrations. Read more:

The office sector continues to lead the market in demand with a strong +60%, while industrial & retail demand is also firmly positive (+34% & +41%, respectively). When looking at the national level data across the region, the UAE stands out, witnessing a further improvement in both Occupier Sentiment Index (OSI) and Investor Sentiment Index (ISI) readings during this quarter, climbing to +38 and +30, respectively (from +27 and +16). Read more:

With more than $1 trillion currently invested in the US economy, UAE companies and institutions are making a significant contribution to American innovation, growth & job creation in semiconductors, AI, space, clean energy and other cutting-edge sectors. For the 15th straight year, the UAE is the US’ largest export market in the Middle East region, totaling $24.8 billion in 2023. Read more:

The renowned Swiss real estate developer said the UAE’s high commercial property demand is translating to greater residential real estate success. DHG cites a 45% increase in demand for industrial, retail & office sectors In Q1 2024. The UAE’s industrial & retail sectors grew by 34% & 41%, while the office sector demonstrated the greatest growth at 61%. Read more:

The UAE’s business-first approach to diplomacy is not only securing its economic future but also reshaping the contours of global trade and international relations. This move, set to reshape global trade and diplomacy, has one major underlying goal: business first. The UAE is rapidly expanding its economic footprint & soft power influence through an ambitious network of trade agreements and strategic partnerships spanning continents. Read more:

The incoming wave of talent is expected to catapult Abu Dhabi and Dubai as major global hubs for wealth and growth. The UAE is set to see a massive global influx of white-collar talent from the US, Canada, UK, and parts of Europe over the next few years as companies push for the relocation of senior and mid-level professionals. Read more:

Dubai’s commercial real estate market saw dynamic activity in 2023 that outpaced projections, with particularly strong demand witnessed in the office sector. According to the latest data from the DLD, the volume of office space transactions increased 34% compared to 2022, while the total value of these deals rose an impressive 48%. Read more:

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, says Dubai is a key player in global trade and Dubai continues to consolidate its status as a key player in shaping the future of global trade by providing world-class infrastructure and services for bridging markets across the world. Read more:

Experts say 2024 may be an opportunity for the commercial housing market to get back on solid footing by embracing shifting preferences and emerging trends. The market is continuing to take shape and redefine itself after several years of new challenges. Read more:

Real estate experts tout lucrative investment strategy as Dubai’s population skyrockets, encouraging residents to buy off-plan as demand for rentals continues to surge. Off-plan investments offer a distinct advantage by enabling investors to allocate funds towards properties still available at their original prices. The flexibility of payment plans mitigates the impact of high lending rates, ensuring greater adaptability in managing finances. Read more:

The market saw 176 high-end property sales that exceeded $10 million during the January-June period. Dubai made history in 2023 by becoming the world’s leading luxury property market, Knight Frank’s Destination Dubai 2023 report revealed. The surge in demand has also led to residential property sales prices across Dubai seeing a 17% average growth – and far more across the luxury end of the market. Read more:

Impressive growth in UAE’s key sectors: The transport & storage sector emerged as the highest contributor, adding AED21.79B to the GDP, experiencing a remarkable 10.9% growth compared to the same period in 2022. The construction sector showcased a 9.2% growth, reaching a total of AED36.3B. The accommodation & food services activities witnessed a 7.8% growth, while the finance & insurance sector achieved a 7.7% growth. Read more:

What’s happening today that will influence the commercial RE market tomorrow? The rise of e-commerce, evolving work models, repurposing, new technology and more. It’s important for investors and real estate professionals to stay abreast of these fast-changing and emergent trends in order to navigate the evolving landscape and leverage emerging opportunities for success in the years to come. Read more:

Checkr – an employee background-check firm – analyzed data to pinpoint the growth metros that would be attractive to employer relocations and job-seeking movers. Boomtowns, in short, are U.S. cities and metro areas attracting the most people – new business as well as movers looking for better jobs – that other areas of the country. Read more:

Real estate or property is more than just that asset up your sleeve or an appealing tick off the status quo. Ever since the pandemic, the UAE has seen a massive spike in ownership figures led by evolving consumers who continue to pave the way for a more progressive real estate boom. Read more:

Dubai Financial Market profits hit AED35.6m in first three months of the year. Foreign investors maintained their strong presence through a market share of 56 per cent of trading value during the first quarter. Read more:

Banks in the UAE have strengthened their taxation and banking practices to add to their appeal to inward investment. The high-profile failures have prompted many to speculate on the possibility of a wider global banking crash and how it may affect other markets. Read more:

The real estate market in Dubai has been firmly in boom territory. Throughout 2022, the market experienced significant upswing, with prices in some areas more than doubling. All this was accomplished as the global economy continues to face significant economic headwinds, leading some to question, can this continue forever?  Read more:

The Dubai real estate sector saw almost $3bn (AED10.777bn) of property deals this week, according to information from the city land department. In total there were 3,035 real estate transactions this week. The DLD report said that 158 plots were sold for AED1.27bn, while apartment and villa sales stood at 2,261, totalling AED5.11bn. Read more:

The UAE is expected to grow at a steady pace in 2023 and 2024. The UAE ranked number one regionally and third globally after China and India due to its strong growth last year, followed by its attractive business environment and focus on innovation and technological capabilities, a statement by FDICI said. Read more:

The UAE will issue 100,000 Golden visas as it seeks to establish itself as a global software and AI hub. Investment in AI and software development will be key to national aims to double the contribution of the digital economy to national GDP. Read more:

UAE and Canada announce Sovereign Wealth Fund Council. A joint operation could see combined economic development and joint investment possibilities for the two nations. This partnership paves the way for further cooperation that will impact the global financial outlook in the future. Read more: