30 May 2024, 12:23 UTC817 views6 reactionsread 8 August 2026 Photo
The World Bank has updated its forecast for the UAE's real GDP growth, projecting it to reach 3.9% in 2024, up from the previous estimate of 3.7%.
Looking ahead to 2025, the UAE's economic growth is expected to improve further, according to the World Bank a forecasted increase will be 4.1%.
The country’s current account surplus is estimated to rise to 8.4% in 2024 and 8.3% in 2025. The budget surplus is projected …
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29 May 2024, 15:32 UTC692 views2 reactionsread 8 August 2026 Photo
Registering your rental agreement in Dubai is a crucial step and is referred to the Ejari system introduced by the Department of Lands (DLD) in 2007. Since 2010, unregistered agreements hold no legal validity.
Once your rental agreement is officially registered, you'll receive an Ejari certificate with a unique number and barcode.
🔺Why do you need a barcode?
- To connect water and electricity services
- To access …
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28 May 2024, 13:21 UTC523 views3 reactionsread 8 August 2026 Photo
Based on the latest reports from the organizations that use the Dubai Financial Market (DFM) to raise funds through initial public offerings (IPOs), they have amassed $9.4 billion in revenue over the past three years!
A sharp jump began in 2022 when 230 thousand new investors were attracted, which increased DFM’s capitalization to $187 billion. At the same time, 155 bonds worth $131 billion were listed on DFM and Na…
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27 May 2024, 10:55 UTC438 views2 reactionsread 8 August 2026 Photo
According to the REIDIN information service (RPPI), the Dubai real estate price index has the following trend:
Sales
🔺Сompared to March 2024, the index increased by 2.13 points - from 117.87 to 120.00. Growth - 1.81%
🔺Compared to March 2024, the rental index increased by 1.62 points - from 120.82 to 122.44. Growth - 1.34%
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Object 1
“Dubai is a Gallery, and Buildings are Showpieces”
object-1.com
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24 May 2024, 04:34 UTC407 viewsread 8 August 2026 Photo
The UAE Cabinet of Ministers recently approved a visa for exceptional contributions to the country's environment.
Who can obtain it?
1. Employees of international companies and non-governmental organizations
2. Outstanding activists and researchers
3. Award winners
4. The essential purpose of the visa is to attract international specialists in environmental protection.
The visa will be valid for ten years.
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Obje…
21 May 2024, 13:55 UTC357 viewsread 8 August 2026 Photo
The Dubai Land Department and the Real Estate Regulatory Agency (RERA) announced that from April 1 2024, the UAE real estate rental market implemented a new procedure for the reassessment of rental prices.
Landlords are now required to submit a court decision or order to file for a rental appraisal service. Previously, landlords just needed to pay a fee at the Dubai Land Department.
As of today, the price index cal…
20 May 2024, 14:57 UTC288 viewsread 8 August 2026 Photo
Dubai ranks first among Maritime Cities of 2024 in Arab countries.
Dubai has achieved the top position among Arab countries in the "Best Maritime Cities of 2024" ranking. This is evidenced by an international report presented by such companies as DNV and Menon Economics, which specialise in assessing maritime cities worldwide.
Comparing the results from 2022 and today, Dubai has climbed two positions up.
This incr…
17 May 2024, 11:50 UTC295 viewsread 8 August 2026 Photo
For those new to real estate investing, the complexities can be overwhelming, and it's easy to fall into common pitfalls. Let's explore the advantages and disadvantages of purchasing property on both the primary and secondary markets.
🟢Primary Market (Off-plan)
Advantages:
- Properties equipped with the latest technology and modern renovations.
- Lower prices compared to the secondary market.
- Option for payment in…
16 May 2024, 05:19 UTC222 views0 reactionsread 8 August 2026 Photo
The first quarter of 2024 saw a sales increase that exceeded average rates by 19.3%, according to data from Allsopp & Allsopp. Analysts are now predicting a record boom in Dubai's real estate sector during the next six months.
By analysing the prices of sold properties, it can be seen that about 30% of properties cost less than 1 million dirhams, indicating that the trend towards buying mid-priced housing is becomin…
11 May 2024, 12:06 UTC225 viewsread 8 August 2026 Photo
The property market is currently growing and evolving in various directions, and surely, we cannot ignore the overall digitisation trend.
Today, it's not just a trend, but a whole system that is revolutionising sales, purchasing, and property management.
📌Blockchain technology
This technology saves us a considerable amount of time and makes transactions more transparent and legitimate.
📌Artificial Intelligence
AI…
10 May 2024, 11:34 UTC196 viewsread 8 August 2026 Photo
Recently, the UAE Central Bank published updated ratings, in which we detected a particular trend. The growth is supported by diversification and favourable conditions of the national economy.
The report drew attention to employment growth in the private sector. In the first quarter of 2024 alone, the number of employees increased by 3.1%.
In terms of finance, the 2023 fiscal balance showed a surplus of AED 61 billi…
9 May 2024, 15:38 UTC186 viewsread 8 August 2026 Photo
Thanks to an 8% increase in the number of new jobs compared to the fourth quarter of 2023, the UAE has become the leader in job creation among the Gulf countries in the first quarter of this year.
The employment ratings from Cooper Fitch Gulf indicate growth in the number of new jobs in the sectors of real estate, digital technologies, data processing, and artificial intelligence.
🟢Figures include:
- Real estate se…
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