## Is now the magic moment to sell your home?

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Join our Operations Director, Paul Kelly and Managing Director, Marc Walters as they unpick the mind-blowing data within our August Market Snapshot, revealing what it really means for you and why right now, could be the most magic time to consider selling. 

#ICYMI: Take a look at our August Market Snapshot [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1063-August-2023-Property-Market-Snapshot%0A).

## This week’s hottest headlines!:


### Viva la villa! Palm Jebel Ali drops their first set of properties

Dubai based developer, Nakheel has finally revealed the very first collection of villas set to go on sale  along the anticipated Palm Jebel Ali. The development will feature four fronds,  consisting of both coral and beach villas, each available in eight distinct styles.

Want to know more? [Continue reading…](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1068-Palm-Jebel-Ali-launches-the-first-set-of-luxurious-villas-)

Looking to expand your investment portfolio? Our [Head of Developer Sales, Fintan Flannelly](https://wa.me/+971561159044) can help

### No passport? No problem!

If you’re a frequent flyer with Emirates, travelling light just took on a whole new meaning. In the next few months Terminal 3 at Dubai International Airport is set to unveil smart facial scanner technology and biometric systems that don’t require the use of a passport! Pretty incredible right?

Want to read more about Emirates’ premium features? Take a look at our blog [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/887-Travel-in-style%3A-Emirates-announces-three-new-travel-destinations-for-Premium-Economy-travellers!-).


### Pedal power: RTA announces huge 819km span of cycling tracks

In line with Dubai’s 2040 Urban Master Plan to make Dubai a more green and sustainable city, RTA has announced construction plans to build 819 kilometres of cycling tracks around the city. This two-wheel takeover will encourage a healthier lifestyle amongst residents and help inspire a more sustainable lifestyle. Ride on!

Check out how you’ll be able to bike around Dubai [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1067-Dubai-announces-construction-plans-for-819-km-of-cycling-tracks!).

## HOT OFF THE PRESS!

### Arabian Business - Lewis Allsopp

Rents are rising and population in Dubai is booming but there is a vast undersupply of properties! What does this really mean for the Dubai property market? 

Take a [read](https://www.arabianbusiness.com/opinion/rental-rises-population-boom-supply-constraints-what-does-this-mean-for-dubais-real-estate-market) at what our CEO, Lewis Allsopp thinks about this! 

### Arabian Business - Lewis Allsopp & Fintan Flannelly

Dubai’s property market continues to perform exceptionally throughout August, with off-plan sales soaring to their highest since pre-pandemic levels.Our CEO, Lewis Allsopp and  Head of Developer Sales give us the inside scoop!

Read [here](https://www.arabianbusiness.com/industries/real-estate/dubais-off-plan-property-market-skyrockets-to-4-6bn-in-august-sales-surge). 

### Khaleej Times - Fintan Flannelly

With the off-plan market seeing sky-rocket sales, and new buyers flocking  to capitalise on investment opportunities, what does our Head of Developer Sales, Fintan Flannelly, have to say about the new projects coming into the market? 

Take a [read](https://www.khaleejtimes.com/business/realty/dubai-real-estate-market-booms-new-projects-gain-momentum-as-new-buyers-flock-in).

### Khaleej Times - Bobby Dhaliawal

The annual job shuffle! Is the September surge in Dubai a myth or reality?? Take a read as our Allsopp & Allsopp Recruitment Principle Consultant, Bobby Dhaliawal reveals all.. 

Check it [out](https://www.khaleejtimes.com/uae/uae-ever-heard-of-the-september-surge-why-75-of-employees-switch-jobs-countries-during-this-mont).

## Company Updates

### ICYMI: Ain’t no party like an Allsopp party!

To celebrate another incredible quarter, we threw a pool party for our whole business at the iconic Cove Beach in Caesers Palace. Do work socials get any better?

Check it out [here](https://www.instagram.com/reel/CxdF0CdJnsr/?utm_source=ig_web_copy_link&igshid=MzRlODBiNWFlZA==).

### The perfect family home doesn’t exis…

![a0O4S000000V3jOUAS_m_1G0A6082.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_V3j_OUAS_m_1_G0_A6082_758c17c0ec.jpg)

Yes it does! Come home to this stylish and furnished three-bedroom in The Springs, with gorgeous lake and park views- perfect for families looking for peaceful community living! 

Want to view it this weekend??

For sale: AED 4,300,000

Contact [Jack Bystram on +971502364229](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-193469%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-193469%0A%0AThank%20you.)

Trakheesi Permit: 6914443800




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Dubai's Weekly News Snapshot: The Ampersand 22-09-2023


Join our Operations Director, Paul Kelly and Managing Director, Marc Walters as they unpick the mind-blowing data within our August Market Snapshot, revealing what it really means for you and why right now, could be the most magic time to consider selling. 

Let's dive into the highlights of their conversation.

**Dubai's vibrant real estate market**

The podcast begins with a discussion about Dubai's current real estate market. Marc and Paul highlight the return of activity and how Dubai, as always, remains an attractive destination for people from all over the world.

**Diving into the August data**

They then dive straight into the August transaction data, comparing the volume of transactions in August to previous months and years. While Dubai's overall property market saw an increase in transactions, Allsopp & Allsopp experienced a 16.3% year-on-year decrease. Marc explains that this could be attributed to the time lag involved in real estate transactions, which can take several weeks or even months to complete.

**Off-plan transactions and launches**

Paul and Marc discuss the significance of off-plan transactions and property launches. They note that Dubai's developers are focusing on creating lifestyle-driven communities with top-end brands entering the market. While there are concerns about speculative sellers and overreliance on off-plan properties, they believe that the market is still undervalued.

**Is now the right time to sell your property?**

The conversation then addresses homeowners currently considering selling their properties. There’s no surefire way to predict the movements of the market, so it’s essential for homeowners to look carefully at their financial goals and comfort levels.

**What are the market dynamics?**

We then look at the various market dynamics, including the increase in tenant registrations and the continued rise of speculative sellers. The guys also highlight the lifeline of our DataHub, that provides valuable information on property transactions, valuations, and market trends.

**Diving into lettings**

In terms of lettings, we explore the increased demand for rental properties, which is reflected in rising rental prices. The hosts discuss the impact of tenants moving from rentals to homeownership and the resulting vacancies in the rental market.

**Viewings and new listings as per Allsopp & Allsopp data**

Lastly, Paul and Marc share statistics related to viewings and new property listings. They mention the steady increase in viewings, indicating a strong appetite for properties in Dubai. New listings to the rental market have also surged, possibly due to homeowners purchasing properties.

**Keen to know more?**

Tune in to Taking Care of Business, every Friday. 

#ICYMI: Take a look at our August Market Snapshot [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1063-August-2023-Property-Market-Snapshot%0A).



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Is now the magic moment to sell your home?

In today’s tech advancing world, data has become a valuable currency for many. Especially when it comes to the property market, we all know just how important data can be in making decisions. Whether you’re an investor, seller, tenant or buyer, we all know data transparency matters - the question is; why exactly?

Before we jump into all that, it's important to note that data transparency does two things for us. Firstly, it ensures everything we need is in front of us. Second, data transparency is the key to building trust, between us, our clients and the property market. 

Did you know that most companies that gather data do not utilise that data to its full capacity? By some estimates, 73% of company data goes unused for analytics. 

But not at Allsopp & Allsopp, as we know just how important data is for decisions in the property market! And if you are looking for exclusive insights into the market, check out [our Monthly Market Snapshot here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1063-August-2023-Property-Market-Snapshot). But if you are just curious how much your neighbours pay for rent, check out [our exclusive Data Hub here](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai). 

So, let’s jump right into why data transparency matters!

### Data transparency builds trust!

As you already know, trust is the bedrock of any successful relationship, and this principle applies to data and the relationship between organisations and their customers. 

Data transparency works as the cornerstone of trust-building in the digital realm. When individuals have confidence the data shared with them is accurate and also provides them with better knowledge, they are more likely to trust you with their decisions.

### It strengthens accountability in data handling

Data transparency goes hand in hand with accountability. 

When organisations are open about their data practices, they are more likely to be accountable for how they collect, use, and share data. This accountability not only ensures compliance with data protection regulations but also sets a standard of ethical conduct.

### It fuels better, informed decision making

Imagine entering a store with no price tags on any of the items. Would you feel comfortable making a purchase? Probably not! 

The same principle applies to data transparency. When individuals understand what data is accessible to them and how they can utilise it to make better decisions it empowers and allows them to easily make confident and informed decisions. 

### Data transparency complies with legal requirements

Data transparency is not just a best practice when buying a home; it's a legal requirement in many places. 

For example; regulations like the GDPR (General Data Protection Regulation) in Europe emphasise the need for organisations to be transparent with their data as it can reinforce better decision making for their clients. 

### Data transparency works as a differentiator

In a competitive business landscape, data transparency can be a differentiator. 

Consumers are becoming increasingly concerned about data privacy, and they are more likely to engage with businesses that are open about their data practices. Demonstrating a commitment to transparency can attract more customers and partners, giving organisations a competitive advantage.

### It fuels easier negotiation power

When it comes to the property market, everyone wants their price. 

And with access to data, being able to know what others are paying in the same community gives you a sense of understanding for what people are willing to pay, which in turn fuels your negotiation power.

### Want to know more?

Curious to know more about data transparency in the property market? Take a look at [our guide to the importance of data in the property market](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1058-What-is-the-importance-of-Data-Transparency-in-the-property-market?).

Planning to invest in Dubai’s property market? Check out some of our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales)! 


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Why does data transparency matter?

Purchasing a property is one of the most significant financial decisions you'll make in your lifetime. Especially if it is in the stunning and star-studded city of Dubai.

Whether you're buying a home for your family or making an investment in real estate, a key step in the process is studying the market thoroughly. Understanding the market dynamics, trends, and potential risks.

### Understanding financial valuations

Buying a property involves a substantial financial investment, so its always best to study before deciding to invest. 

A property investment goes beyond financial stability, mortgage commitments, and overall wealth. By studying the market, you also gain insights into property values, potential appreciation, and the stability of the housing market. This information empowers you to make a well-informed decision that aligns with your financial goals, and potential returns on investment. 

### Gaining insights into property valuations

Market research is important as it helps you determine the fair market value of a property. 

By comparing similar properties in the area or community, you can gauge whether the asking price is reasonable or overpriced. This knowledge enables you to negotiate effectively and avoid overpaying for a property.

Want to know how you can study the market thoroughly and negotiate a better asking price? Take a look at our [Allsopp & Allsopp Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai).

### Analysing locations

"Location, location, location" it’s a mantra in real estate for a reason. 

Studying the market provides information about the neighbourhood, its amenities, schools, safety, and future development plans. We recommend following through as a thorough understanding of the location ensures that the property aligns with your lifestyle and long-term plans.

Understanding the different areas you are interested in can, eventually will help you understand the expected capital gains and ROI in that community. 

### Understanding seller trends

As an investor, it's important for you to study up on seller trends because what the current property value is in that specific neighbourhood, could always fluctuate. 

In today's unpredictable investment climate, it's not uncommon for a property's worth to fluctuate by as much as AED 10,000 to AED 15,000 in a single month. If you're contemplating buying a property, you could either gain or lose a substantial sum of money in a short span.

It's always best to understand the fluctuation trends and take the assistance of other real estate professionals. [Get in touch](https://www.allsoppandallsopp.com/) with our experts if you are looking to connect! 

### Calculate your risk mitigation

Real estate markets can be subject to fluctuations due to economic, political, or environmental factors. By studying the market, you can identify potential risks in advance and take measures to mitigate them. 

This might involve diversifying your real estate portfolio or waiting for a more favourable market condition.

### Ensure for long-term satisfaction

Studying the market ensures that your property purchase aligns with your long-term goals and expectations. It minimises the chances of regret or dissatisfaction down the road. A well-researched purchase is more likely to bring lasting satisfaction and meet your needs for years to come.

Furthermore, In the world of real estate, knowledge is power. Studying the market before buying a property is a crucial step that can have a profound impact on your financial well-being, investment success, and overall satisfaction with your purchase. 

Whether you're a first-time homebuyer or a seasoned investor, dedicating time and effort to market research is a wise and necessary investment in itself. It's the key to making informed decisions that will benefit you in the long run and ensure that your property purchase aligns with your goals and aspirations.

### Keen to know more?

If you’re keen to learn more, [take a read](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1058-What-is-the-importance-of-Data-Transparency-in-the-property-market?) on the importance of data transparency in the property market.

And if you are looking for investment opportunities in Dubai, why not take a look at our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales)! 




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Why is it crucial to study the property market before investing?

In the ever evolving world of real estate, and the opulent city of Dubai, it comes as no surprise its a penchant for pushing the boundaries of architectural innovation. However, in recent years, a new trend has begun to emerge in Dubai's real estate landscape: sustainability. 

As the world grapples with environmental concerns and a growing awareness of the importance of sustainable living, Dubai seems to be joining the global movement towards eco-friendly and sustainable properties. The question on everyone's mind is: Are sustainable properties the future of successful real estate investments in Dubai?

Let us break it down!

## The green revolution in Dubai

**News flash:** Dubai has jumped on the global shift towards sustainable living. 

In fact, the city has taken significant steps to embrace sustainability in various aspects of life, including real estate. 

Here are some key reasons why sustainable properties are gaining traction in Dubai:

### 1. Government initiatives

The Dubai government has implemented a series of initiatives aimed at promoting sustainability. 

These initiatives include the Dubai Clean Energy Strategy 2050, which seeks to make Dubai a global hub for clean energy and green economy, and comes in line with the Dubai 2040 Urban Master Plan, which emphasises sustainable urban development.

### 2. Increased environmental awareness

With the rise of environmental awareness worldwide, Dubai residents and investors are increasingly looking for properties that have a reduced carbon footprint. 

Sustainable properties, with their energy-efficient features and eco-friendly designs, align perfectly with this growing demand.

### 3. Cost effective

Sustainable properties often come with energy-efficient technologies and designs that result in lower utility bills. Which is what everyone loves! 

Investors and homeowners appreciate the long-term cost savings that these properties offer, as well as making them financially attractive options.

### 4. High market demand

The demand for sustainable properties in Dubai is on the rise, as is demand for properties in general.

Developers are taking notice of this trend and incorporating sustainable features into their projects to meet the rising market demand. As a result, the supply of sustainable properties is growing steadily.

Currently many off-plan properties are underway to meet the market’s rising demand, including sustainable developments. 

**Want to know more about the upcoming sustainable developments in Dubai?**

Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044). Or take a look at our current listings [here](https://www.allsoppandallsopp.com/dubai/buyers/off-plan).

## Why opting for sustainable developments is a better choice?

What sets sustainable properties in Dubai apart from conventional real estate? Here are some common features:

### They are energy efficient

Sustainable properties are designed to maximise energy efficiency. This includes features like solar panels, LED lighting, and energy-efficient appliances, all of which reduce electricity consumption and lower utility bills. Say goodbye to DEWA bills! 

### They enforce the usage of sustainable materials

Developers are increasingly using sustainable and eco-friendly materials in construction of sustainable properties to ensure they are in line with the 2040 Urban Master Plan to maintain a greener lifestyle.

Not only are these materials better for the environment but also contribute to healthier indoor air quality.

### Water conservation

Dubai is known for its arid climate, and so water conservation is crucial! 

Sustainable properties often incorporate water-saving fixtures, smart irrigation systems, and greywater recycling to meet in line with conservation.

### More green spaces!

Want to kick off a refreshing morning with a jog at the park? Or catch your breath with some relaxing yoga? With more sustainable developments popping up around town, and more nature reserves being created around Dubai, in line with the 2040 Urban Master Plan - we can expect so many more green spaces.

These not only enhance the aesthetic appeal but also provide a natural cooling effect, reducing the need for air conditioning.

## Why is it a great investment?

From an investment perspective, sustainable properties in Dubai offer several advantages:

### Stronger rental demand

Properties with smart features, built with sustainable materials tend to attract a larger pool of renters, as people often prefer living in newer developments with better features. 

For properties like that, tenants are willing to pay a premium, as such properties also promise lower utility bills and a reduced environmental impact.

### A higher potential for capital appreciation

As sustainability becomes more ingrained in Dubai's real estate market, sustainable properties may see higher appreciation rates compared to conventional properties. 

### Competitive advantage

Investors who own sustainable properties gain a competitive advantage in the market. 

They can differentiate their properties, attract environmentally conscious tenants, and potentially command higher rental rates. Even better, as these properties are relatively newer to what is currently in the market and are coming into a high demand market - the opportunities for returns are endless.

### Long-term viability

Sustainable properties are future-proof. They are more likely to comply with evolving environmental regulations, reducing the risk of costly retrofits down the line.

Dubai's foray into sustainable real estate is not just a passing trend; it's a response to global environmental challenges and market demand. 

While conventional luxury properties will always have their place in Dubai, sustainable properties are undoubtedly on the rise. They offer not only a more environmentally responsible way of living but also attractive investment opportunities.

## Found this guide interesting?

If this guide got you thinking about sustainable developments, [get in touch](https://www.allsoppandallsopp.com/) with our experts to find out how you can invest in sustainable properties in Dubai!

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Are sustainable properties the future of successful real estate investments?

For years, Dubai has broken record after record, and recently Palm Jebel Ali was the crown jewel to shine on the Arabian Gulf. 

After the successes of Palm Jumeirah, Dubai-based real estate developer Nakheel is unveiling a selection of luxurious villas available for purchase on the captivating Palm Jebel Ali island.

This unveiling comes on the heels of the recent release of a visionary masterplan by Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai earlier this year.

### Take a glimpse into Palm Jebel Ali

The development of Palm Jebel Ali centres around four fronds, between two types of villas - the exquisite Coral Villas and Beach Villas, each available in eight distinct styles. 

Nakheel's vision for this project takes inspiration from the island's natural beauty, designed to harmoniously blend with the serene blue waters and pristine beaches that define Palm Jebel Ali.

The Chief Commercial Officer of Nakheel; Rasha Hasan, expressed their excitement, stating, _"As pioneers of waterfront living, Nakheel is synonymous with Dubai’s incredible journey of growth and urban infrastructure development. We are delighted to bring Palm Jebel Ali to the market at this exciting time, with the island playing a transformative role in shaping the city’s future, raising the global benchmark on waterfront living and underlining its position as a world-class lifestyle destination."_

### Palm Jebel Ali is a seamless blend of indoor and outdoor living

Leading international and regional architectural firms are working to create villas that seamlessly connect indoor and outdoor living in the Palm Jebel Ali. 

From creating floor-to-ceiling windows to offer panoramic views of private beaches, a soft and neutral palette, coupled with luxury finishes, and a tranquil atmosphere within the exclusive private frond neighbourhoods.

The development also places a strong emphasis on the well-being of its residents. Such as; walking tracks that have been thoughtfully designed for pedestrians and cyclists, providing convenient access to the beach through pocketed parks. The frond streetscape is adorned with lush greenery and comfortable resting spots, with ample shading provided by trees.

### The masterplan: What can you expect?

Palm Jebel Ali is set to span an impressive 13.4 square kilometres, and boasts the longest coastline in Dubai. Its strategic location within the city's future growth centre aligns perfectly with the Dubai 2040 Urban Master Plan and Dubai Economic Agenda D33, marking the commencement of a promising new growth corridor in the Jebel Ali area.

Upon completion, Palm Jebel Ali will comprise of seven islands and 16 fronds, offering a total of 91 kilometres of beachfront. The island will host over 80 hotels, resorts, and unique retail and dining experiences, promising a vibrant and dynamic lifestyle for its residents.

This visionary development not only enhances waterfront living and green spaces but also incorporates smart city technology to streamline transportation management. 

### Interesting isn’t it?

Are you planning to call this island your next home? 

Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044).

Planning to invest in Palm Jumeirah? Check out our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales/in-areas-area-palm-jumeirah). 

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Palm Jebel Ali launches the first set of luxurious villas 

Dubai is pedalling its way to becoming a bicycle-friendly metropolis with new plans for dedicated cycling tracks and new safety regulations. 

In a bid to enhance sustainable mobility and promote healthier lifestyles, Dubai's Roads and Transport Authority (RTA) has unveiled its construction progress on cycling paths going up to 819 km and introduced speed limits for cyclists.

### And here’s everything you need to know!

By 2026, RTA plans to build a set of tracks within the city that are interconnected by a sprawling network of over 800 kilometres. This cycling revolution is part of the city's commitment to providing eco-friendly transportation options and encouraging residents and visitors to embrace a healthier lifestyle.

### Pedalling progress: From Al Khawaneej to Mushrif

The RTA proudly announced that 90% of the construction for cycling tracks in Al Khawaneej and Mushrif have already been completed. 

These two districts are now connected by a 7-kilometre stretch of cycling tracks, adding to the existing 32 kilometres of tracks in the area, bringing the total to an impressive 39 kilometres.

The first track starts at the Quranic Garden and extends to the intersection with Al Khawaneej Street. The second cycling lane begins at Mushrif Park near the Crocodile Park, extending up north to the intersection with Al Khawaneej Street. 

### The masterplan - A city on two wheels

This ambitious cycling project is part of a broader master plan to connect key areas of the city with cycling tracks. The goal is to increase Dubai's total cycling track length from 544 kilometres to an impressive 819 kilometres by 2026. 

This expansion will ensure that popular coastal regions like Jumeirah, Al Sufouh, and the Marina are linked to external road tracks such as Al Qudra, Seih Al Salam, and Nad Al Sheba, connecting residents and visitors with more sustainable transportation options.

### Safety plans

In line with its commitment to safety, the RTA has set speed limits for cycling tracks to protect both cyclists and pedestrians. Here are the newly established speed limits:

Cycling tracks dedicated to amateurs and those shared with vehicles have a maximum limit of 30 km/h. This ensures safer roads and helps avoid accidents.

Dedicated or shared tracks with pedestrians in urban areas must not exceed 20 km/h. This lower limit is designed to enhance safety in areas where cyclists and pedestrians share the same space.

### Creating a bright future for cyclists in Dubai

The introduction of cycling tracks and speed limits aligns with Dubai's vision of becoming a bicycle-friendly city. 

Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of the RTA, expressed the importance of this project. He stated that these initiatives are not just about cycling; they are about improving the overall quality of life in Dubai. 

The project aims to provide residents and visitors with sustainable mobility options and encourage the practice of sports and recreational activities. By embracing cycling as an alternative and sustainable means of transportation, Dubai is steering toward a greener and healthier future. 

### Impressive, isn’t it?

Keen to know more about Dubai’s upcoming plans and projects? Take a read [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1054-RTA-Revolution%3A-Nine-innovative-changes-to-ease-traffic-and-congestion-around-Dubai-).

And if you’re planning to call any of these cycling friendly communities home, check out our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings). 

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Dubai announces construction plans for 819 km of cycling tracks!

## What is the common success factor between the business of fitness and real estate?

<iframe width="560" height="315" src="https://www.youtube.com/embed/xgphp2Ny1ig?si=26L52yijHtjZA9rX" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

On this week’s episode of Taking Care of Business, join COO; Carl Allsopp as he discovers the common denominator to success between business and fitness with the Co-founder of Boxica; Cyrus Rustom. Tune in to hear all about the business of fitness, what it takes to be successful in business, and the four commando principles! 

## The August Market Snapshot is LIVE!

Exciting news! Our August Property Market Snapshot is LIVE, which aims to provide a clear and insightful breakdown of the Dubai Real Estate Market.

Powered by Dubai Land Department’s Open Source Data and our own Allsopp & Allsopp data, this report is aimed for buyers, sellers, landlords, and tenants, and offers clear and easy-to-understand market analysis to assist you in understanding the Dubai Real Estate Market in 2023.

Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1063-August-2023-Property-Market-Snapshot) to check it out

## News that caught our attention this week:

### DIFC launches DIFC Living

The city’s finance and tech hub is welcoming its own residential and commercial offering known as DIFC Living, featuring 174 premium residences, restaurants and multiple commercial units.

Keen to know more about this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://api.whatsapp.com/send/?phone=%2B971561159044&text&type=phone_number&app_absent=0). 

### Rove Hotels announce their first branded residences in Dubai

Rove Hotels will be entering Dubai’s residential market with their newest instalment; Rove Homes. Set in Downtown Dubai, it will offer fully-furnished studios, 1, and 2-bedroom apartments, with smart home features and stunning amenities.

Keen to know more about this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://api.whatsapp.com/send/?phone=%2B971561159044&text&type=phone_number&app_absent=0). 

### A new hotel and branded residence is opening on Bluewaters Island

Say goodbye to Caesars Palace on Bluewaters Island, and say hello to Banyan Tree! Set to  feature 96 private residences, 179 rooms, and 30 suites, residents can expect their own mini rainforest, gym, indoor and outdoor yoga spaces, hydrotherapy pools and treatment rooms.

Check it out [here](https://www.timeoutdubai.com/news/caesars-palace-dubai-closing). 

Planning to invest there? Get in touch with [our team of experts](https://www.allsoppandallsopp.com/).

### Dubai recorded a 63% jump in residence visas issued

This week, it was announced that Dubai recorded a 63% rise in residence visas issued compared to last year, while Golden Visas shot up by 52%, visit visas went up by 34% and tourist visas rose by 21%. 

As Dubai continues to welcome more expats, turning into a haven - [Take a look](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings) at some of the properties new residents are searching for! 

### RTA and Nakheel announce a major new bridge in Dubai

RTA announced that a new bridge would be developed to connect Bur Dubai to Dubai Islands. In partnership with Nakheel, they will construct direct entrances and exits with the bridge spanning 1,425m with four lanes in each direction to ease congestion.

Interested to read further? Click [here](https://www.arabianbusiness.com/industries/transport/rta-and-nakheel-announce-major-bur-dubai-to-dubai-islands-bridge).

## Company Updates

### Wake up to lakeside views within this exclusive four bed in Al Reem!

![a0O4S0000010GuhUAE_m_DSC04740.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S0000010_Guh_UAE_m_DSC_04740_1e0b604e64.jpg)

Come home to this stunning four-bed in the heart of the Al Reem community.

This exclusive property features upgrades throughout and with a temperature controlled private pool that looks onto the beautiful lakeside.⁠
⁠
A must-see!⁠
⁠
For sale: AED 5,200,000⁠
[Kane Wild on +971562349851⁠](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-204096%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-204096%0A%0AThank%20you.)
⁠
Trakheesi Permit: 6914808400⁠


Dubai's Weekly News Snapshot: The Ampersand 15-09-2023


In this week’s episode of the "Taking Care of Business" podcast, our COO; Carl Allsopp had an engaging conversation with his special guest, Cyrus Rustom, who’s the co-founder of Boxica. The episode was a dynamic exchange of ideas and experiences, shedding light on the remarkable journey of Boxica and its innovative approach to fitness.

### A passionate reunion and a business adventure

The podcast episode began with a warm welcome as Carl enthusiastically introduced Cyrus Rustom, emphasising the personal impact Cyrus had on his life over the past few months. This introduction set the stage for an insightful conversation filled with valuable business and life lessons.

### The intersection of sports and business

Carl and Cyrus delved into the significance of sports in the business world. They highlighted how qualities such as competition, discipline, disappointment, and consistency, which are integral to sports, can play a vital role in achieving success in any business endeavour.

### Boxica's inspiring journey

Cyrus shared the inspiring story of Boxica's inception. It all started when he left his previous business and embarked on a quest for a fresh concept. While in London, he gained inspiration from various fitness concepts, but it was his collaboration with Lee, his business partner, that directed his energy and passion towards creating something extraordinary.

Through extensive research in cities like New York and Amsterdam, they identified a trend centred around making boxing accessible to the masses. They sought to transform boxing from a male-dominated, intimidating environment into an inclusive and enjoyable experience for everyone. Despite the challenges posed by the pandemic, Boxica has grown exponentially, surpassing the million-dollar revenue mark and expanding to offer a wide range of fitness services.

### Building a thriving community

Carl praised Boxica for its unique ability to build a strong sense of community among its members. He explained how his wife, who had previously disliked exercise, became addicted to Boxica's inclusive and friendly environment. The discussion emphasised the magical quality of fostering a sense of belonging and camaraderie within a fitness community.

### Overcoming challenges and taking risks

Cyrus shared the challenges Boxica faced, especially during the initial stages of the COVID-19 pandemic. Despite the uncertainty and fear, they persevered and expanded their offerings, taking calculated risks to open new units and adapt to changing circumstances. Their journey underscored the importance of strategic decision-making and adaptability in the face of adversity.

### From commando to entrepreneur

The podcast also touched on Cyrus's personal journey, from being a Royal Marines commando to becoming an entrepreneur in Dubai. His transition highlighted the power of determination and the pursuit of dreams, even in the face of daunting challenges. The story illustrated how unexpected life events can lead individuals down unexpected but ultimately fulfilling paths.

### The move to Dubai: Running towards success!

Carl and Cyrus discussed the common theme of people moving to Dubai either to escape something in their home countries or to chase new opportunities. The conversation delved into the personal motivations behind such decisions and the transformative experiences that often result from them.

### Choosing the right location

The hosts explored the importance of location in the success of a fitness business. Cyrus emphasised the significance of proximity to where people live and ensuring accessible parking facilities as key factors in choosing Boxica's Studio City location. He discussed how selecting the right location was crucial in building a thriving fitness community.

### Engaging with the community

The conversation also highlighted the value of word-of-mouth marketing and genuine relationships with customers in building a fitness community. Cyrus and Carl emphasised the role of strong customer relationships in enhancing business success.

### Summer Shred and mental discipline

Cyrus introduced the Summer Shred program, designed to help individuals lose fat and achieve their fitness goals. He emphasised the importance of mental discipline and consistency in achieving lasting results. Carl shared his personal experience with the program and how it helped him not only physically but also mentally.

### The commando qualities in business

The podcast concluded with a discussion of the four commando qualities that Cyrus learned during his time in the Royal Marines: courage, determination, unselfishness, and cheerfulness in adversity. These qualities were paralleled with the skills and mindset required for success in the world of business, highlighting the valuable lessons Cyrus brought from his military background.

Tune in to the podcast [here](https://www.youtube.com/watch?v=xgphp2Ny1ig&list=PLf4jDvQ7iiLLPSDjQWuBd8BLM-cQqBLy_&index=1).


TCB 104 COVER.jpg

What is the common success factor between the business of fitness and real estate?

## Welcome to the Allsopp & Allsopp August 2023 Dubai Property Market Snapshot, a comprehensive look into how the Dubai property market performed over the last month.
<br/>

Dubai's real estate market has seen impressive growth, with the Dubai Land Department reporting sales transactions over AED 33 Billion in August, marking a 36% increase year-over-year. Off-plan sales constituted 58% of market volume, signifying a growth in new projects. Could this be Dubai racing to meet market demand? Cash transactions still remain king, with the majority of transactions happening in this segment. Despite headlines on ultra luxury sales filling up news feeds weekly, the majority of transactions remain within AED 2M to AED 3M range.
<br/>


Allsopp & Allsopp saw an average sales price of AED3.2M which is a 52% increase when compared to the same period last year. Amidst the German real estate crisis, German nationals accounted for 6% of sales at Allsopp & Allsopp, though UK nationals still remained top at 22%. Villas/townhouses witnessed a significant price rise of 55% year on year, with Al Barari and Jumeirah Golf Estates emerging as top transaction locations. Dubai Marina was the hotspot for apartment transactions, predominantly by Indian nationals, and the average apartment sales price has increased by 29% year on year. 
<br/>

Rental prices saw a notable 31% increase in transaction volume. UK tenants remained at the top for Allsopp & Allsopp followed by Russians and Indians. The apartment sector witnessed a significant 21% year on year rise in average rent with Downtown Dubai standing out. To ensure affordability, there has been a trend shift in payment methods; fewer tenants are opting for single or two-cheque payments, while three and four-plus cheque payments have gained popularity.

Click below to view the report: 

<br/>
<a target="_blank" href=https://strapiallsopp.s3.eu-west-1.amazonaws.com/August_2023_Real_Estate_Market_Snapshot_94f137e262.pdf?updated_at=2023-09-13T10:50:22.186Z" style="text-decoration: none!important;"><button class="subscribe mx-auto" style="color:#fff !important;display:flex;"><span style="color:#fff !important;">View the report here</span> </button></a> 
<br/>

<br/>

For media enquiries and interview opportunities:

**Aline Pereira** 
Head of PR and Comms

Allsopp & Allsopp

E: Aline@allsoppandallsopp.com

T: 052 283 3285



Website Image - August.jpg

August 2023 Property Market Snapshot


Licence just expired? 

### Did you know you could easily renew your licence through the RTA application?

Thanks to smart government initiatives that streamline the process, renewing your licence is cake now. In fact, it can take as little as 10 minutes to complete, with most of the steps being accessible online. The only exception is the eye test, which you can easily arrange at a registered optician's shop. In this step-by-step guide, we'll walk you through the process, ensuring you're back on the road hassle-free.

### Step 1: Get an eye test!

Before renewing your licence, you'll need a valid eye test. Head to any optical shop registered with Dubai's Roads and Transport Authority (RTA) for this. Remember to bring:

- Your original UAE driving licence.
- Your original Emirates ID.

If you don't have the original documents, check if the shop accepts digital versions. You can add a digital driving licence to your Apple Wallet and access the digital version of your Emirates ID. The cost typically ranges from AED 140 to AED 180, depending on the service provider.

Once you've completed the eye test and paid the fee, the optical specialist will update your test results in the RTA system. You'll receive an SMS on your registered mobile number, confirming that the eye test is uploaded, and you can proceed to renew your licence.

### Step 2: Clear all your outstanding fines

Ensure all your traffic fines are settled before proceeding with the renewal. You can pay your traffic fines online through the RTA or Dubai Police application, making it a straightforward process.

### Step 3: Apply for renewal

You have multiple options for renewing your licence in Dubai:

### 1. RTA website (rta.ae)

- Visit the RTA website and click on 'Driver and Car Owner' in the top menu.
- Under the License tab, select 'Apply for renewing a driving licence.'
- Enter your details, including Emirates ID, driving licence, number plate, traffic code, and RTA account.
- If you don't have an RTA account, follow the steps to create one. - Download the RTA Dubai app, tap 'Login/Register,' and use UAE Pass for login.
- Verify your details and create a username and password.
- Enter the OTP sent to your mobile number via SMS.
- Select your preferred delivery method (kiosk, collection, courier, or eDocument) and pay the fees.

### 2. RTA's application ('RTA Dubai')

If you prefer the app, ensure your digital accounts (UAE Pass and RTA account) are set up. The renewal process is quick, and you'll receive the new digital licence on your phone instantly, with the option to get the physical copy delivered or collect it from a kiosk.

### 3. RTA centre or kiosk

Visiting an RTA customer service centre or kiosk is another easy way to renew your licence and receive the physical copy on the spot.

### Step 4: Receive/collect your new licence

If you choose digital options, you'll receive the digital licence immediately. For a physical copy, you have these options:

- Get it couriered (additional service charges apply).
- Collect it from a customer service centre.
- Print it through a smart kiosk.
- Opt for the method that suits you best, and you'll be back on the road with your renewed driving licence in no time. Dubai's smart initiatives have truly made the renewal process hassle-free and efficient.

### Found this guide helpful?

If you are looking for more guides around Dubai, take a look at [our blogs on our website](https://www.allsoppandallsopp.com/)!

But if you’re planning to move and are searching for the perfect home - [check out some of our convenient locations around town](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings)!



Dubai-Golden-Chance-driving-license-test.jpg

Dubai unveiled: How can you renew your UAE driving licence?

The UAE has long been a global hub for prosperity and economic growth. 

A recent report from the Boston Consulting Group sheds light on the UAE’s anticipated financial growth, with a projected Compound Annual Growth Rate (CAGR) of 5.5% in new wealth. 

The report projects growth by 2027, and suggests that the UAE's wealth is set to surge from $1 trillion to $1.3 trillion, by the 'Global Wealth Report 2023: Resetting the Course.'

So, here’s everything we know!

### The report states the diverse landscape of wealth in the UAE.

In 2022, equities and investment funds reigned supreme, as they constituted a significant 58% of total personal wealth. However, bonds are forecasted to witness the most rapid growth, boasting an impressive CAGR of 8.4% from 2022 to 2027. 

Furthermore, life insurance and pensions are anticipated to evolve into the third-largest asset class by 2027. BCG's Managing Director and Partner, Mohammad Khan, attributes this substantial growth to the UAE's compelling value proposition for high-net-worth individuals (HNWIs). 

### The influence of ultra-high net worth individuals (UHNWIs)

The report also explores the monumental contribution of Ultra-High Net Worth (UHNW) individuals, those with assets exceeding $100 million, in different sectors including real estate, stocks and more.

In 2022, these elite wealth holders accounted for approximately 25% of the UAE's financial wealth, a trend set to continue until 2027. Meanwhile, individuals with wealth ranging from $1 million to $20 million held 32% of the UAE's wealth in 2022 which is projected to increase to 34% by 2027.

### Balanced growth in assets and liabilities

The UAE's real assets and liabilities experienced a robust growth, expanding by 7.5% annually from 2017 to 2022, which brought it up to a substantial $1.9 trillion. 

Based on this data, projections indicate that these assets will continue their upward momentum, increasing by 6.9% per year, ultimately reaching the $2.6 trillion mark by 2027.

### Revolutionising wealth management

The report also dives into wealth management, offering eight key initiatives to attain sustainable profitability in the sector. These encompass scalable client acquisition, the introduction of private-market offerings, a focus on fixed-income products, and the integration of generative artificial intelligence (GenAI) in financial advisory services.

On the cost-efficiency front, the report advocates strategies such as end-to-end (E2E) process reviews, informed shoring decisions, utilisation of third-party tech solutions, and simplifying products and services to streamline operations and cater to diverse client needs.

### How impressive!

Are you keen to call this global economic hub your next home? 

Take a look at some of our exciting [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings)! And if you’re unsure about how much people are paying for homes in Dubai, don’t forget to check out our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai). 



COVER-UAE-Currency.jpg

UAE's soaring wealth: A glance at the $1.3 trillion projection by 2027

Dubai, a city known for its unwavering commitment to innovation and progress, is once again making waves on the global stage.

This time around it is with the ambitious Marine Transport Master Plan 2030. Recently approved by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai. This visionary plan outlines a remarkable transformation of Dubai's marine transport system over the next decade.

### Unveiling what’s behind the masterplan!

The Marine Transport Master Plan 2030 is nothing short of groundbreaking. 

It encompasses a 188% expansion of the marine transport network, which is a  fourfold increase in passenger lines, and an innovation that's set to make history: known as the world's first electric abra, manufactured using cutting-edge 3D printing technology. 

This comes in line with the 2040 master plan as it represents Dubai's relentless pursuit for marine transport that is efficient, eco-friendly, and seamlessly integrated into daily life.

### A quantum leap in numbers!

One of the most ambitious goals of this master plan is to expect a surge in numbers of 51.  A 51% rise in passengers onboarding Dubai’s marine transport system, which will soar from the current numbers of 14.7 million to a remarkable 22.2 million annually by 2030. 

### Expanding horizons: Longer routes and more stations

As you know, this plan will see a 188% increase in the total length of the marine transport network, stretching it from 55 kilometres to an extensive 158 kilometres. 

To accommodate this expansion, the number of marine transport stations will see a significant uptick, rising from 48 stations currently to 79 stations along various waterways and waterfront projects. 

### The game changer: A 3-D printed abra!

Now for the groundbreaking aspect of this plan is the introduction of the world's first electric abra! Yes, a 3-D printed abra.

Crafted using state-of-the-art 3-D printing technology and designed to carry up to 20 passengers, this marvel is not only a triumph of engineering but also a tribute to Dubai's heritage, seamlessly blending tradition with innovation. 

Furthermore, the utilisation of 3-D printing reduces manufacturing time by a remarkable 90%, while cost savings of up to 30% which also ensures economic efficiency.

### A strong focus on marine maintenance

This marine master plan also places a strong emphasis on the maintenance and upkeep of marine transport. 

Dubai's Al Garhoud RTA Marine Maintenance Centre has been in line with reducing maintenance costs by about 50%. This facility has significantly enhanced the operational readiness of marine transport, ensuring safety and quality standards are met for both government and private entities.

### The road to sustainability

This master plan is not just about expansion and innovation; it's about embracing a more sustainable future. 

The autonomous electric abra, with zero carbon emissions and reduced operational and maintenance costs, is a testament to Dubai's commitment to environmental responsibility.

### Impressive, isn’t it?

Keen to call the city of the future your home? Check out some of our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings)!

But if you are curious to know how much people are paying to live in Dubai - Take a look at our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai).

abra-dubai-Cover-03-06.jpg

RTA unveils a major marine transport masterplan 

Dubai's real estate market has been a magnet for investors worldwide, and it's no surprise why. 

With its dynamic economy, futuristic cityscape, and investor-friendly policies, Dubai offers numerous advantages for those considering real estate investments. Whether you're a seasoned investor or a newcomer to the market, here are six compelling benefits of investing in Dubai real estate.

### High rental yields:

Dubai consistently ranks as one of the top cities globally for rental yields. 

The city's booming tourism industry and the influx of expatriates create a strong demand for rental properties. Investors can enjoy impressive returns on investment through rental income, especially in sought-after areas like Dubai Marina, Downtown Dubai, and Emirates Living.

Check out some of our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales) in these areas!

### Tax efficiency:

Dubai's tax-free living is remarkably favourable for investors. 

There is no income tax on rental income, capital gains, or inheritance. This tax-free environment allows investors to maximise their returns, making Dubai an attractive destination for international investors!

### Stable economy:

Dubai boasts a diverse and resilient economy. 

It serves as a global hub for trade, finance, and tourism, which comes as no surprise! The government's commitment to economic diversification ensures a stable investment environment and this stability is further bolstered by a strong legal framework and transparent property laws.

### An ideal geographic location for investors!

Situated at the crossroads of Europe, Asia, and Africa, Dubai is a strategic location for real estate investment. 

The city's connectivity through world-class airports and seaports makes it an ideal destination for business and tourism. Also, proximity to emerging markets provides opportunities for international investors.

### Growing tourism sector and population:

Dubai's tourism sector continues to expand, drawing millions of visitors annually. The demand for short-term rentals and holiday homes is on the rise. Investors can capitalise on this trend by investing in properties that cater to tourists, such as furnished apartments and vacation villas.

### Futuristic infrastructure:

Dubai is renowned for its innovative infrastructure projects. From the Palm Jumeirah to the Dubai Canal, the city continually invests in projects that enhance livability and attract investors. The upcoming Expo 2020 is expected to drive further growth in the real estate market.

### Convinced?

If you are set to invest in Dubai’s property market, [get in touch](https://www.allsoppandallsopp.com/) with our team of experts.

Want to know how much you could be paying for the different communities in Dubai? Take a look at our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai)!

Dubai-Wallpapers.jpg

What are the top six benefits of investing in Dubai’s real estate market?

In today’s world, especially if you are in Dubai, a common trend across all paths is that individuals are now investing in Dubai’s property market. From its stellar range of properties, waterfront living in the luxury capital of the world and exceptional return on investment - there is no doubt people are chasing a life here and investing in the property market. 

**One thing they are all looking for?**

**Transparency.** Everyone is searching for a clear look into the property market before taking a leap. And in this world and time, information is definitely power! Whether you're a buyer, seller, investor, or a real estate professional, access to accurate and transparent data is essential. Data transparency is more than just a buzzword; it's a game-changer that can significantly impact the way real estate transactions are conducted.

**A solution!**

At Allsopp & Allsopp, we launched our very own Data Hub, where buyers, sellers, tenants and investors can get a rather clear picture of the properties being sold or leased in the market, in the different areas and communities, with their prices. This helps them understand how each area is performing and what prices one can expect.

Check out our **Data Hub** [here](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai)!

### Why is Data Transparency important?

Data transparency helps buyers and investors understand the market better, what communities are performing well and helps to make informed decisions. 

Having access to comprehensive data on property prices, market trends, and historical data also allows potential buyers to gauge the fair market value of a property. This helps prevent overpaying and ensures that buyers make sound investments. Furthermore, most buyers and investors are chasing for a better return on their investment, and knowing the market can ease their process. 

Allsopp & Allsopp’s Monthly Property Market Snapshot definitely helps potential buyers, tenants, investors and sellers how the market is performing with easy-to-understand analysis and insights. 

Take a look at our last month’s property market report [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1017-July-2023-Property-Market-Snapshot).

### How does Data Transparency in the market help clients with their property purchase/lease?

Clients are always searching for a better deal, a better insight that’s more in depth into their purchase or lease - this goes beyond the perfect home with the idealistic views, but rather if the mortgage is feasible and if the property offers a higher return on investment. 

Here are some reasons how Data Transparency in the market can help clients with their purchase/lease:

### Better market efficiency

Easy access to data foster's market efficiency. 

When buyers and sellers have access to the same information, it reduces information asymmetry, where one party has more knowledge than the other. This leads to a more balanced and competitive marketplace, where properties are priced more accurately, and buyers are better equipped to understand if they can proceed with a sale in the chosen area.

### It builds a sense of trust and credibility

Real estate transactions involve substantial investments, and the most important thing is to make trust a critical factor. You have to be able to trust your realtor, your seller or buyer, and yourself when going ahead with a deal. 

Transparent data builds trust and credibility in the property market. When real estate professionals provide clients with accurate data, it enhances their reputation, and fosters trust between all parties involved. This helps the client feel more comfortable with their decision and helps them understand all the pros and cons.

### Risk is mitigated

Data transparency helps mitigate risks associated with property investments. This is because buyers can assess property histories, including any legal or financial issues. 

This information allows them to identify potential risks and make better informed decisions. Agents can also advise clients more effectively when they are armed with comprehensive data, such as market reports, and in depth lists of transactions around the area. 

### It improves market dynamics

Easy access to data enhances market dynamics by reducing price manipulation and speculation. 

It discourages unethical practices such as false property listings or artificially inflating prices. A transparent market attracts more genuine buyers and sellers, leading to smoother transactions. Better yet, even assists with negotiations and getting better price points. 

If it's negotiations you are looking to understand the property market with, then check out our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai)! 

### Found this guide helpful?

If this guide helped you understand better about data transparency and its importance in Dubai’s property market, then don’t forget to take a look at our blog on Data Hub [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/893-Allsopp-&-Allsopp-launches-a-comparable-data-insight-for-all-listings).

And if you are looking for an expert to help you find your next home or investment in Dubai’s property market, then [get in touch with our experts](https://www.allsoppandallsopp.com/). 


iStock-482461333-credit-solarseven-1200x-600.jpg

What is the importance of Data Transparency in the property market?

### Celebrate 15 years of Allsopp & Allsopp with Lewis and Carl LIVE!

![IMG_7700 copy.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/IMG_7700_copy_2c3e63e0fa.jpg)

In this week’s episode of Taking Care of Business, Lewis and Carl were in for another LIVE episode where they celebrated 15 years of Allsopp & Allsopp, answered 15 burning questions about their business, and talked about all things real estate! 

With more surprises to come to continue the celebrations of 15 years of success!! 

## News that caught our attention this week:

### Azizi Developers break ground on the second tallest tower in Dubai

Dubai-based developer; Azizi is gearing up to commence construction on Dubai's second-tallest tower. Set to be 700 metres tall, this ambitious project encompasses a six-story shopping mall, 700+ residential units, and a deluxe hotel with 300 suites! 

Construction is set to wrap up by 2027.

Read more [here](https://gulfnews.com/business/property/dubais-azizi-is-all-set-for-the-worlds-second-tallest-tower-1.97966254).

### The First Group launches its third hotel in Dubai

Dubai-based hotelier, The First Group has announced the launch of their next waterfront hotel, set to be located in Business Bay. The project will feature 327 rooms and suites, and a plethora of amenities. Completion is due in Q4 2023. 

Read more [here](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-the-first-group-launches-new-waterfront-hotel).


### RTA sets enhancements in place for nine roads across Dubai

Great news for drivers all around! 

No more banging heads against the steering wheel as RTA has implemented road enhancements across nine major roads including Hessa St, Garn Al Sabkha, and Al Shindagha to ease traffic congestion. 

[Check it out](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1054-RTA-Revolution:-Nine-innovative-changes-to-ease-traffic-and-congestion-around-Dubai-)! 

### Dubai to host Business and Philanthropy Climate Forum during COP 28

In line with COP 28 launching this year, Dubai is set to host the Business and Philanthropy Climate Forum which will host 500 policymakers, business leaders, and philanthropists globally. The meeting aims to advance cross-sectoral progress toward net zero and nature-positive goals. 

Keen to know more about COP 28? Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1046-COP28%3A-Everything-you-need-to-know!). 

Planning to visit Dubai for COP 28? Take a look at our lavish and convenient [Holiday Homes](https://hh.allsoppandallsopp.com/dubai) in the centre of Dubai!

## HOT OFF THE PRESS!

### Paul Kelly - Arabian Business

What does our Operations Director; Paul Kelly, have to say about Commercial Gaming being regulated in Dubai?

Click [here](https://www.arabianbusiness.com/industries/real-estate/uae-gaming-watchdog-to-boost-dubai-real-estate-market-say-experts) to find out.

## Company Updates

### Allsopp & Allsopp’s top agent partakes in the OnlyComms White Collar Boxing Night!

Catch our top agent; Danny Langston tonight at W the Palm for OnlyComms’ White Collar Boxing Night. Head on over and show your support!

Sounds like your cup of tea? Tickets start from AED 330, with doors opening at 6 pm on the night.

### Wake up to serenity in the heart of District One, within this four-bedroom villa!

![a0O4V00000NlIcZUAV_m_IMG_7915.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_V00000_Nl_Ic_ZUAV_m_IMG_7915_22cb27cbae.jpg)

Take a look around this Mediterranean-styled and spacious four-bedroom villa in the upscale, family community of District One.

With open-plan living space, a fully equipped kitchen, a private pool, walk-in wardrobes, and amazing entertainment spaces.

It’s the perfect combination of space, size and luxury.

For sale: AED 19,500,000
[Jessica Roberts on +971585191296](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L216514%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-216514%0A%0AThank%20you.)

Trakheesi Permit: 6515685992


Dubai's Weekly News Snapshot: The Ampersand 08-09-2023


Living and working in Dubai goes beyond the fancy restaurants, star-studded skyline and exceptional lifestyle, the allure of living in  Dubai mainly comes through the communities and family-friendly hubs around the city that make this city home! One to note would definitely be Damac Hills! 

Nestled in the heart of Dubai, Damac Hills is a picturesque residential community known for its stunning landscapes, world-class amenities, and a vibrant lifestyle. For residents lucky enough to call this place home, there's an abundance of things to see and do. 

From leisurely strolls along pristine streets to thrilling adventures on the golf course, Damac Hills has something for everyone. Let's dive into a detailed guide on how to make the most of life in this thriving community.

### Golfing paradise

Damac Hills is famous for its world-class golf course, the luxurious Trump Golf Course known for its 18-hole standard course. As a resident, you have the privilege of enjoying this golfing paradise right at your doorstep. 

Tee off amidst breathtaking views, well-manicured greens, and challenging fairways. Golf enthusiasts can enjoy playing there, practise their golfing skills, join tournaments, or simply kick back and enjoy playing on one of Dubai's finest courses.

### Nature's retreat

Nature lovers would enjoy spending time at the scenic parks and green spaces around Damac Hills. 

You could take a leisurely walk, jog, or cycle along the lush trails. The community boasts several parks, each with its unique charm. You could visit the tranquil Picnic Park for a family outing or enjoy the serene ambiance of the Butterfly Garden. In Damac Hills, nature is your neighbour.

### Swim and splash away!

The only thing that helps survive Dubai’s scorching heat is a dip in the pool. Fortunately, for those of us who want to take a dip in the pool, Damac Hills has a plethora of pools. You could dive into the community pool to cool off or take the kids to the dedicated children's pool for some fun. 

The Trump International Golf Club also offers an exquisite pool experience with stunning views of the golf course.

### Sports and fitness

Consider yourself a workout enthusiast? Why not engage in tennis, basketball, or soccer at the sports facilities all around Damac Hills. From well-equipped gyms to skating arenas, there’s almost everything there. 

### For the foodies out there!

If you’re a foodie, and are looking to get spoiled, it comes as no surprise that Damac Hills is a haven for food lovers! 

Here you’ll find everything from casual eateries to fine dining, you can explore diverse cuisines without leaving the community. Enjoy an alfresco meal at the Damac Hills Park's cafes or indulge in a romantic dinner at the Trump International Golf Club's restaurant.

There’s everything at your doorstep! 

### Retail therapy

Retail therapy is the best form of therapy! 

Damac Hills has a vibrant community centre with shops, boutiques, and convenience stores. For a more extensive shopping experience, the newly opened DAMAC Mall is perfect for a mid-day shopping spree.

### Events and community life

Damac Hills prides itself on fostering a tight-knit community. 

Throughout the year, residents can partake in various events and social gatherings. From community markets to fitness classes and holiday celebrations, there's always something happening in Damac Hills.

### For rest and relaxation!

Life in Damac Hills is not just about activities; it's also about tranquillity. 

The serene surroundings and landscapes provide the perfect backdrop for relaxation. Enjoy a book by the lake, meditate in the park, or simply bask under the sun in the beautiful community.

### Health and wellness

Who doesn’t enjoy the ease and convenience of having everything around you?

The community features healthcare facilities, pharmacies, and wellness centres. You can even access quality medical care without venturing far from home.

### Education

Families with children will appreciate the educational facilities within or near Damac Hills. 

The community has its school, the Jebel Ali School, offering top-notch education. Additionally, there are several reputed schools located in the nearby areas, such as JESS and SouthView School.

### Connectivity

While Damac Hills provides an idyllic retreat, it's well-connected to the rest of Dubai.

Access major highways like Sheikh Zayed Road, Hessa Street, and Umm Suqeim Road, ensuring you're never too far from the city's attractions.

Life in Damac Hills is a harmonious blend of luxury, leisure, and community spirit.

### Want to call this community home?

Take a look at some of our exciting [live listings in DAMAC Hills](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings), or [get in touch](https://www.allsoppandallsopp.com/) with our experts to help find your perfect home! 

Curious to know how much people are paying for their homes in DAMAC Hills? Take a look at our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai)!

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Unlocking the hidden gems: A resident's guide to Damac Hills

In case you missed it this week, a significant new development in the UAE's employment landscape was announced, and it's designed to safeguard the rights of workers across the country. This scheme is known as the end-of-service gratuity scheme.

As for what it is, gratuity is a sum paid to you at the end of your work relationship on the basis of your last basic salary.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, unveiled this groundbreaking initiative, leaving many wondering, "Am I eligible?" Let's break it down for you.

### Inclusivity across sectors

This new UAE end-of-service scheme isn't selective; it's open to employees from various sectors. Whether you work in the public sector, private sector, or one of the nation's vibrant free zones, you're covered. 

The aim is to provide financial security and peace of mind to a wide range of workers.

### The concept of gratuity

Gratuity is a lump sum payment you receive at the conclusion of your employment. It's based on your final basic salary and serves as a token of appreciation for your service.

To become eligible for gratuity, you need to have spent one year or more in your current job. This payment often becomes a valuable financial resource for employees as they transition to new opportunities.

### Greater flexibility in your gratuity

The new UAE end-of-service scheme introduces a breath of fresh air when it comes to gratuity. Instead of the traditional one-size-fits-all approach, this scheme empowers you with three distinct investment options:

**Risk-free investment:** This option focuses on maintaining your capital, ensuring it stays safe and secure.

**Risk-based investment:** For those willing to explore investment opportunities, this choice offers the potential for growth and higher returns.

**Sharia-compliant investment:** For individuals seeking ethical and Islamic financial principles, this option aligns with Sharia guidelines.

This level of flexibility empowers you to make a choice that aligns with your financial goals and values.

### Why your contract type matters

It's important to note that the type of employment contract you hold plays a significant role in determining your gratuity. UAE labour law recognizes two primary contract types:

**Limited-term contract:** This type includes specific start and end dates for the employment period, often used for project-based roles.

**Unlimited term contract:** More commonly used in the UAE, this contract offers greater flexibility and does not impose fixed end dates.

### When is gratuity not applicable?

It's equally important to understand when you may not be eligible for gratuity:

If you resign before completing a full year of service, you won't be entitled to any gratuity payment.

### Termination scenario:

For those who are terminated, the gratuity calculation is as follows:

If you've worked for more than one year but less than five years, you'll receive 21 calendar days' basic salary for each year within the first five years of your employment.

For employees with more than five years of service, the calculation extends to 30 calendar days' basic salary for each additional year, provided that the total compensation does not exceed two years' pay. Please note that unpaid leave days are not factored into this calculation.

### Resignation scenario:

If you decide to resign, your gratuity entitlement varies:

Resigning before completing one year of service means you won't receive any gratuity pay.

Those who have served between one and three years are entitled to 1/3 of 21 days' basic salary as gratuity pay for each year worked.

For employees with a service duration of three to five years, the entitlement increases to 2/3 of 21 days' basic salary for each year served.

Finally, employees with more than five years of service are eligible for the full 21 days' basic salary as gratuity pay for each year worked, with unpaid leave days excluded from this calculation.

### Keen to know more? 

Take a look at the MOHRE (Ministry of Human Resources and Emiratisation) portal to know more about the [end-of-service gratuity](https://dda.gov.ae/en/gratuity-calculator/gratuity-calculator). 

And if you have recently moved to Dubai, in search of the perfect role - Get in touch with our [Allsopp & Allsopp Recruitment experts](https://www.allsoppandallsopprecruitment.com/)! 



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Dubai’s newest end-of-service scheme: Everything you need to know!

Dubai residents have yet another reason or another nine reasons to rejoice as the [Dubai Road and Transport Authority (RTA) continues to roll out major road enhancements](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/775-Driving-change%3A-RTA-releases-new-plan-to-reduce-traffic-in-Dubai) across the emirate. 

In line with making Dubai an even more convenient and accessible city to live in, RTA has announced nine innovative changes around town to ease traffic and congestion. Here's a look at some recent and upcoming upgrades that promise to transform the way we navigate the bustling metropolis.

### Al Khaleej street upgrades

Al Khaleej Street is in for a significant makeover. And who doesn’t love Dubai-style makeovers!

The RTA's plans aim to increase the street’s capacity to accommodate over 12,000 vehicles per hour. The project spans 3 kilometres from the Infinity Bridge ramp down to Cairo Street and includes the construction of three new underpasses, stretching over 1.65 kilometres.

### Al Qusais industrial area project

Dubai's Al Qusais Industrial Areas 1, 2, 3, 4, and 5 are in for a traffic revolution. 

The RTA has unveiled plans for 32 new roads, which will be set to slash journey times by a remarkable 60%! These new roads will accommodate 1,500 vehicles per hour in both directions, significantly improving accessibility in the area. Stretching over 10 kilometres with approximately 43 kilometres of streetlights, these new roads are set to provide welcome relief for residents and workers in the Al Qusais Industrial Areas.

### Al Seba Street - A game changer for Dubai Marina

[Dubai Marina](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings/in-areas-area-dubai-marina)'s notorious traffic congestion is finally getting a solution. 

Recent improvements have been made to Al Seba Street, which have reduced travel time in the area by a remarkable 20 minutes during rush hours. Now, we are in for additional enhancements which include the construction of an extra exit toward Garn Al Sabkha Street intersection, allowing a capacity of 1,500 vehicles per hour. 

With this upgrade, the total capacity for exiting Marina via Al Seba Street has soared to 2,400 vehicles per hour—a remarkable 266% increase. Dubai Marina residents can now rest assured that they won’t have to bang their heads against the steering wheel for countless hours. 

### Al Shindagha Project - A vision for the future

Dubai's ambitious Al Shindagha Project is set to switch up travel within the city. Since the early years of 2012, this project has been undergoing all sorts of construction to ease traffic, with the Infinity Bridge and more. 

By 2030, the Shindagha project aims to reduce travel time from 104 minutes to just 16 minutes on the route to Sharjah. To achieve this, the project will see the construction of two new bridges and a tunnel, all of which have opened in recent months, this should successfully alleviate traffic congestion. 

Phase 4 of the Al-Shindagha Corridor covers the construction of 15 intersections spanning 13 kilometres, benefitting Deira, Bur Dubai, and several key development projects. With a single-lane bridge, a two-lane tunnel, and a surface signalised intersection, Dubai is stepping into a future of seamless transportation.

### Dubai Hills Estate metro station

[Dubai Hills Estate](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings/in-areas-area-dubai-hills-estate), one of the city's fastest-growing neighbourhoods, is poised to become even more accessible. 

Plans are already underway for a metro station to be located at Dubai Hills Mall. This development is set to seamlessly integrate the mall with adjacent neighbourhoods, including future metro stations and adjoining hotels. Dubai Hills Estate residents can look forward to enhanced connectivity, making daily commuting a breeze.

### Garn Al Sabka bridges - Enhancing connectivity

Garn Al Sabkha Street and the Sheikh Mohammed Bin Zayed Road intersection are undergoing a transformation with the construction of four bridges spanning 3,000 metres. Praise the Lord!  

These four bridges will accommodate an impressive 17,600 vehicles per hour, significantly improving traffic flow between key roads. This project is part of a broader initiative to enhance Garn Al Sabkha Street, connecting Sheikh Zayed and Sheikh Mohammed bin Zayed Roads. The result will be reduced transit times and improved traffic conditions.

### Hessa Street redevelopment - A groundbreaking turning point

In early 2023, Dubai's Roads & Transport Authority (RTA) announced that they will commence the redevelopment of Hessa Street. 

The project includes upgrades to entrances and exits, improvements to upper bridges, and an overall increase in road capacity. The redevelopment will benefit residents in [Jumeirah Village Circle (JVC)](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings/in-areas-area-jumeirah-village-circle) and [Jumeirah Village Triangle (JVT)](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings/in-areas-area-jumeirah-village-triangle) by enhancing exits and reducing traffic congestion. Stretching over 4.5 kilometres, the project aims to boost capacity to 16,000 vehicles per hour, promising smoother journeys for all.

### Pedestrian Footbridges - A safer way to move

Dubai is also investing in pedestrian safety and convenience. 

The RTA has constructed seven footbridges complete with dedicated bike tracks and racks. These footbridges, with a total length of 888 metres, enhance pedestrian and cyclist safety across the city. From Al Khaleej Street to Ras Al Khor Road, these footbridges provide safe passage for those who prefer walking and cycling as their mode of transportation.

### Umm Suqeim Street expansion

[Umm Suqeim](https://www.allsoppandallsopp.com/dubai/properties/residential/sales/in-areas-area-umm-suqeim) Street is in line for a substantial expansion, extending from its intersection with Al Khail Road to Sheikh Mohammed bin Zayed Road, covering a distance of 4.6 kilometres. 

This ambitious project will increase the road's capacity to a remarkable 16,000 vehicles per hour, reducing congestion and travel times. With improved entrances, exits, and upper bridges, the road will become a vital artery for smoother citywide transportation.

### How impressive?

Now that travelling within and through these communities is easing up, are you keen to consider calling any of these communities your next home?

Take a look at some of our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings)!

And if you’re curious to know how much residents are paying to live in these communities, don’t forget to check out our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai)! 

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RTA Revolution: Nine innovative changes to ease traffic and congestion around Dubai.

Investing your hard-earned money wisely is a priority for many, and one way to do it is through real estate. As commonly as it is known, real estate is one of the greatest forms of investment out there, and nothing beats investing in Dubai’s property market! 

In Dubai’s market, off-plan properties have gained popularity among investors for several good reasons. If you're wondering whether to take the plunge into the world of off-plan property investment, here are six compelling reasons why you should!

### 1. Attractive payment plans:

Off-plan properties often come with flexible and investor-friendly payment plans. These plans typically involve smaller upfront payments, making it easier for you to start your real estate investment journey without straining your finances. 

Plus, many developers offer post-handover payment options, which can further ease the burden on your wallet.

### 2. Potential for high returns:

Buying a property before it's built might seem like a gamble, but in Dubai's thriving real estate market, it often pays off. As the city continues to grow and develop, the value of your off-plan property can increase significantly by the time it's completed. This potential for high returns on your investment is a major draw for many investors.

### 3. Modern amenities and designs:

Off-plan properties in Dubai are known for their contemporary designs and state-of-the-art amenities. 

Developers strive to attract buyers by offering modern, stylish, and technologically advanced features. This not only enhances your lifestyle but also increases the property's appeal to future tenants, ensuring a steady stream of rental income.

### 4. Variety of options:

Dubai's real estate market offers a wide range of off-plan properties to choose from. 

So, whether you're interested in apartments, villas, or townhouses, you'll find numerous options catering to various budgets and preferences. This diversity allows you to select a property that aligns perfectly with your investment goals. And ofcourse, as the city continues to expand, the amount of properties and opportunities for off-plan investment are unparalleled. 

### 5. Developer reputation:

Many renowned developers operate in Dubai, known for their commitment to quality and timely project delivery, some developers to keep an eye out for include Emaar, DAMAC and Nakheel. 

Researching and choosing a reputable developer ensures a smooth and secure investment experience. You can have confidence that your off-plan property will be completed as promised and meet the highest standards.

### 6. Higher capital appreciation

The great thing about off-plan property investments is that you can attain a higher capital appreciation when planning to place it on rent or sell it.

### Found this guide helpful?

Investing in off-plan properties in Dubai is an opportunity to tap into a dynamic real estate market with tremendous growth potential. With flexible payment plans, the prospect of high returns, modern designs, a variety of options, and trusted developers, it's no wonder why so many investors are making this choice. 

So, if you're considering property investment, check out some of our [live off-plan listings](https://www.allsoppandallsopp.com/dubai/buyers/off-plan). 

Keen to know more? Get in touch with our [Head of Developer Sales; Fintan Flannelly](http://wa.me/+971561159044).

And if you're curious to know how much people in the market are paying for off-plan investments - Take a look at our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai) to get live information on the transactions.


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Six reasons why you should invest in Dubai’s off-plan market!

Dubai has always been known for its roster of broken records. Being a city that's a haven for expats, there is always something new and something different that's always enhancing the lives of the residents, and attracting many more.

**What’s new this time around?**

With Artificial Intelligence taking the front seat on most new innovations and ideas around the world, Dubai has incorporated AI into multiple segments of the city and the newest one being an AI film festival! 

The Inaugural Artificial Intelligence Film Festival (AIFF) promises to explore the exciting possibilities of AI technology in the realm of creative storytelling and filmmaking, marking a significant leap in innovation.

AI is no longer just a buzzword but a driving force behind transformative advancements, and Expo City Dubai is at the forefront of this revolution. The launch of AIFF underscores the evolving relationship between human creativity and cutting-edge technology, with Dubai poised to become a global hub for AI innovation.

### A hybrid experience with global reach

AIFF is breaking new ground by offering a hybrid experience, blurring the lines between physical and virtual participation. With a dedicated website, the festival ensures that enthusiasts worldwide can immerse themselves in this AI-driven cinematic journey from the comfort of their homes. 

This inclusivity expands Expo City Dubai's reach as a forward-thinking community and a global stage for the exchange of groundbreaking ideas.

### All about the AIFF

The AIFF extravaganza spans nearly six months, offering a dynamic series of experiences that delve into the synergy of AI and cinema. 

Highlights include a global competition, thought-provoking film screenings, captivating panel discussions featuring esteemed AI experts and filmmakers, and immersive workshops shedding light on AI's role in film production. These events collectively demonstrate how AI can elevate the art of filmmaking.

### The AIFF Competition: Calling all filmmakers

The competition kicks off with an open invitation to professional and amateur filmmakers worldwide. Entrants are challenged to submit a short film incorporating AI-generated content, pushing the boundaries of what's possible in storytelling. Winning entries will enjoy the spotlight at an awards ceremony scheduled for February 29, 2024.

### The vision behind AIFF

Marjan Faraidooni, Chief of Education and Culture at Expo City Dubai, shared her vision, saying, _"Expo City Dubai stands as a beacon of innovation and a hotbed for AI exploration and development. The Artificial Intelligence Film Festival is a testament to our unwavering commitment to place humanity at the forefront of technological progress."_

She further added, _"AIFF is just the beginning. This festival will delve deep into the intricate relationship between human creativity and technological marvels like AI. By recognizing AI's capacity to enhance understanding, evoke emotions, and fuel imagination - qualities historically associated with artists - we're opening doors for aspiring talents who may have previously felt excluded from the filmmaking industry."_

As Expo City Dubai pioneers AI innovation with the region's first AI Film Festival, it's evident that the future of storytelling and filmmaking is set to be more thrilling, inclusive, and technologically advanced than ever before.

### What else is new for Expo City?

Expo City is set to see a large range of affordable sustainable developments coming into play, known as Expo Valley and Expo Central.

### Expo Valley highlights:

- 165 units featuring five-bedroom villas, semi-detached villas, and townhouses.
- Emphasis on eco-friendly living, smart technology, and sustainability.
- Nature reserve, lake, and wadi within the community.
- Creates its microclimate, offering natural cooling and sound reduction.

### Expo Central unveiled:

- Three unique apartment clusters in Expo Central.
- 450 luxury homes, including apartments, lofts, and townhouses
- Access to podium gardens and sky terrace for tranquil outdoor living.
- Abundant amenities: green parks, pools, fitness centres, shops, and dining options.
- Future developments include Sky Residences and Sidr Residences.
- Whether you're looking for spacious villas with eco-friendly features or stylish apartments with scenic views, these neighbourhoods have something for everyone.

### Keen to check out these exciting developments?

If you’re planning to call Expo City home - Take a look at our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales/in-areas-area-expo-city) in this stunning community! 



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From sci-fi to reality: Expo City hosts the first AI film festival in the region!

Shopping is undoubtedly one of Dubai’s residents favourite pastimes, and this bustling city is never short of options for those seeking retail therapy. 

From a strip of luxury shops to the ultra-luxurious brands, there’s never a dull moment in the glimmering city and now, there’s a new shopping haven in town, nestled in the heart of DAMAC Hills, DAMAC Mall. 

### All about DAMAC Mall!

DAMAC Mall is a sprawling 110,000-square-foot shopping and dining destination, offering a diverse range of experiences for residents and visitors alike. 

Inside, you'll discover a treasure trove of 30 shops and 10 food and beverage outlets. Whether you're on the hunt for the latest fashion trends or craving a culinary adventure, DAMAC Mall has you covered.

### What sets it apart from others?

What sets DAMAC Mall apart is its diverse offerings beyond just the same old clothing stores. 

For those weekly grocery hauls, you’ll find a spacious Spinneys supermarket to stock up on essentials. Fitness enthusiasts can break a sweat at the in-house Fitness First gym, and there are plans for a MEDCARE facility to open soon, ensuring your well-being is a top priority.

And for those driving in, accessing DAMAC Mall is a breeze. The mall offers ample parking space with room for 360 vehicles, so you can shop to your heart's content without worrying about finding a parking spot.

### What range of stores can we expect at DAMAC Mall?

DAMAC Mall has an impressive lineup of shops, including Starbucks, Papa John’s, Vietnamese Foodies, American Wax, Al Jaber Opticals, and even a Lingo Play Area for the little ones. 

### What are their expansion plans?

The best part? DAMAC Mall is just getting started. Expansion plans are currently in the design stage, promising even more shopping and dining options in the near future. 

### DAMAC Hills: A thriving community

DAMAC Hills is a vibrant community split into three zones: Akoya Park, Akoya Drive, and the prestigious Trump International Golf Club. 

Akoya Park is a lush oasis with picturesque walkways and villas. Akoya Drive, where DAMAC Mall resides, is the go-to shopping and dining hub. Finally, the Trump International Golf Club, located at the heart of the community, offers a range of amenities, including restaurants, a pool, a gym, a health club, and, of course, a world-class golf course.

### Coming soon: Expo City Mall

But that's not all Dubai has in store for shopaholics. 

Next year, get ready for the grand opening of Expo City Mall, boasting 190-plus retail and food and beverage outlets. 

Located just minutes away from the Expo 2020 Metro station, and easily accessible from key roads like Sheikh Mohammed Bin Zayed Road, Expo Road, and Jebel Ali Road, this mall is set to redefine Dubai's shopping experience.

Stay tuned to our blogs for more exciting developments in Dubai's ever-evolving landscape, where dreams come to life.

### Planning to move?

Have you been thinking about exploring the glorious and upcoming community of DAMAC Hills? 

Why not take a look at our [live listings](https://www.allsoppandallsopp.com/dubai/properties/residential/sales/in-areas-area-damac-hills)? Or [get in touch](https://www.allsoppandallsopp.com/) with our experts if you’d like to know more about this community. 

And if you're curious to know how much you could be paying for a property there, take a look at our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai)!


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Dubai's newest shopping mall is here!

The UAE has always been the first to set records within the region and globally too, and here’s another record breaking record set! 

To start off an exciting week and kick off the ninth month of the year, the United Arab Emirates has announced the establishment of a new federal authority which will be overseeing commercial gaming and a national lottery. 

The federal authority is the General Commercial Gaming Regulatory Authority (GCGRA) , which will mark a significant step towards creating a comprehensive regulatory framework for commercial gaming and the national lottery.

For the GCGRA, the newly appointed CEO is Kevin Mullally, who comes with 30 years of experience in this field and is also a globally respected figure in gaming regulation. Mr. Mullally's appointment as CEO of the GCGRA signifies a major stride in ensuring the UAE's lottery and gaming industry adheres to the best international practices.

Last week, in a press conference, Mr. Mullally shared his enthusiasm, saying, "I am delighted to have been appointed as the inaugural CEO of the GCGRA. With my experienced colleagues, I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry." Impressive! 

The GCGRA comprises a team of internationally recognized leaders, each possessing a proven track record and deep insights into global best practices for effectively regulating and maintaining a safe and responsible gaming industry. Jim Murren, an industry veteran, chairs the Board of Directors, and he welcomed Mr. Mullally's appointment, emphasising his unparalleled expertise in the field.

### What are the GCGRA’s goals?

One of the primary objectives of the GCGRA is to establish a socially responsible and well-regulated gaming environment that is safe. This entails ensuring that all participants adhere to stringent guidelines set and uphold the highest standards of conduct.

Furthermore, the GCGRA will play an important role in coordinating regulatory activities, managing national licensing procedures, and responsibly unlocking the economic potential of commercial gaming. By doing so, it seeks to strike a balance between promoting the gaming industry's growth and safeguarding the interests of the public.

The establishment of the General Commercial Gaming Regulatory Authority and the introduction of a national lottery are significant milestones for the UAE. 

These initiatives reflect the nation's commitment to fostering responsible gaming practices and creating a thriving gaming industry that aligns with global standards. As the GCGRA takes its place as a cornerstone of regulation, it is poised to shape the future of gaming in the UAE, ensuring a fair, safe, and enjoyable experience for all participants.

### How impressive is this?

Aren’t we loving the efforts the UAE is putting into making this country an exciting haven for expats and tourists?

And did you know that client registrations in H1 2023 rose by 139% as we welcomed over 50,000 new expats! 

Planning to move and rent in Dubai? Why not take a look at some of our [exciting listings](https://www.allsoppandallsopp.com/dubai/properties/residential/lettings)! But if you are curious to know more about how the market is standing, check out our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-palm%20jumeirah/2023-08-21-date-or-more/page-3#report) for all the stats!



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Breaking news: UAE introduces Commercial Gaming and National Lottery!

## How can you become a millionaire?

<iframe width="560" height="315" src="https://www.youtube.com/embed/mYIdBVAB-RI?si=uvk6-ifSyf5HvEMW" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

In this week’s episode of Taking Care of Business, our Recruitment Director; Kameron Hutchinson, is back with Senior Recruitment Consultant; Jordan Wilks. Together, they delve into the world of recruitment and real estate, shed light on the upcoming recruitment event, and on how you can become a millionaire!

## News that caught our attention this week

### Emaar Properties announce the redesign of the world’s tallest tower

Emaar Properties has recently announced that the Dubai Creek Tower, which is set to be the world’s tallest tower, is going to see a major redesign concept. Mr. Mohammed Alabbar unveiled the new plans earlier this week. 

Want to know all about the new redesign? [Take a read.](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1045-Revamping-the-skyline:-Emaar-unveils-redesign-plans-for-Dubai-Creek-Tower)

### Dubai Municipality launches a new property portal

Dubai Municipality has launched a new online portal that provides property owners easy access to their land and property data, including construction licences and certificates of completion.

Keen to read further? [Check it out](https://www.arabianbusiness.com/industries/real-estate/dubai-municipality-launces-new-property-portal). 

Want to know how much your neighbours are paying for rent? Take a look at our [Data Hub](https://www.allsoppandallsopp.com/dubai/properties/property-data-hub/sales/in-areas-community-downtown%20dubai) for detailed insights into Dubai’s property purchases.

### Record breaking: Dubai records AED 23.1 bn in property sale transactions!

Dubai’s property market is breaking records week on week, but this time around the market welcomed AED 23.1 billion worth of sales transactions from 3,229 deals. The top three transfers for apartments and villas were all in Palm Jumeirah, making it one of the most sought after communities. 

Take a [read](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-market-records-6-3bn-of-land-and-property-deals-this-week). 

### UAE non-oil foreign trade hits an all-time high!

Throughout H1 2023, non-oil foreign trade hit an all-time high of AED 1.239 billion with a 16.6% rise in export contribution to foreign trade, while a 22.9% rise was recorded in exports with the top 10 trading partners. 

Read more [here](https://www.wam.ae/en/details/1395303191097).

## Company Updates

### Come home to luxury within this 3-bed in Damac Hills

![a0O4V00000MI1FrUAL_m_DSC02917.jpeg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_V00000_MI_1_Fr_UAL_m_DSC_02917_b78e8935ae.jpeg)

This villa comes fully-upgraded throughout, furnished and with a newly renovated master bedroom, it offers plenty of open living space and floor to ceiling windows - with plenty of natural light.

Interested?

AED 3,500,000
[Ellena Tristram: +971585972468](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-217973%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-217973%0A%0AThank%20you.)

Trakheesi Permit: 6511539591







Dubai's Weekly News Snapshot: The Ampersand 01-09-2023


In this episode of the "Taking Care of Business" podcast, Kameron Hutchinson and Jordan Wilks from Allsopp & Allsopp discuss various aspects of recruitment and the real estate market in Dubai. They highlight their [upcoming recruitment event taking place in The UK](https://recruitment.allsoppandallsopp.com/Linkedin?fbclid=PAAaZD08jFQnAtoq5H23tj-B3SX_0-RUHeH3HuUCzEvZSYoU69Q9y22f62IQA_aem_AcON7e8IvmVkYza2t8XMII2eazWkWOyWC1_AkWm2AIuNVtIUXOm0MPrynNTLxEmhnbw) next week, which aims to find the next batch of millionaires in Dubai.

The episode begins with Kameron Hutchinson introducing the podcast and welcoming Jordan Wilks, a senior recruitment consultant at Allsopp & Allsopp. They share some light-hearted banter about Jordan's journey to being a guest on the podcast.

**Why did Jordan join Allsopp & Allsopp:**

Kameron questions Jordan about why he chose to join Allsopp & Allsopp. Jordan expresses his pursuit of excellence and how he wanted to be part of the best team. He mentions his determination to avoid settling for "plan B" and emphasises the importance of always striving for the best.

**Recruitment event announcement:**

Kameron announces the main purpose of the podcast episode, which is to introduce their recruitment event aimed at finding the next generation of millionaires in Dubai. He emphasises that Allsopp & Allsopp has a track record of nurturing high-performing agents and mentions their need for more talent due to the growth of the Dubai real estate market.

**Recruitment event details:**

The hosts provide details about the recruitment event, including the cities they will be visiting in the UK, such as London, Manchester, Birmingham, and Newcastle. They express their excitement about hosting the event in Newcastle for the first time. 

Keen to know more, check out our recruitment event [here](https://recruitment.allsoppandallsopp.com/Linkedin?fbclid=PAAaZD08jFQnAtoq5H23tj-B3SX_0-RUHeH3HuUCzEvZSYoU69Q9y22f62IQA_aem_AcON7e8IvmVkYza2t8XMII2eazWkWOyWC1_AkWm2AIuNVtIUXOm0MPrynNTLxEmhnbw)! 

**Attributes of successful individuals:**

Kameron and Jordan discuss the traits that successful individuals at Allsopp & Allsopp possess. They talk about the importance of challenging conventional mindsets and surrounding oneself with motivated people. Jordan shares insights about the company culture that encourages individuals to aim high and be driven to succeed.

**Success stories at Allsopp & Allsopp:**

The hosts share success stories of individuals who have joined the company with little to no real estate experience and have excelled through hard work and dedication. They mention the importance of maintaining a positive attitude and persistence, especially during the initial stages of the job.

**Dubai's booming real estate market:**

Kameron and Jordan discuss the growth of the Dubai real estate market, highlighting its rapid expansion and increasing demand for properties. They emphasise that Dubai has overtaken major global cities in the luxury real estate market and debunk the myth of a market crash, highlighting Dubai's continued growth.

**Affordable property market in Dubai:**

The hosts discuss the surprising fact that 80% of transactions in Dubai are for properties valued at AED 3 million or less, making it accessible for a broader range of people. They emphasise the opportunities for real estate professionals in these segments.

**Dubai's increasing population:**

Kameron and Jordan talk about the rise in Dubai's population, driven by people moving to the city for various reasons, including investment opportunities. They highlight the need for properties and the positive impact on the real estate industry.

**Lead generation and support:**

The hosts emphasise the significance of lead generation in their company, with over 700 buyer registrations weekly. They stress that they provide substantial support to their employees, including a robust marketing team and tools like the Data Hub for better decision-making.

The episode provides valuable insights into the real estate industry in Dubai, the opportunities it presents, and the support provided by Allsopp & Allsopp for individuals looking to succeed in this dynamic market. It culminates in an invitation for potential recruits to attend their recruitment events in the UK.

**Continue listening?**

Tune into Taking Care of Business, every Friday! 


Keeping you up to date with everything that is happening in the Dubai property market.