Dubai's Weekly News Snapshot: The Ampersand 11-08-2023

From start to century: Celebrating 100 episodes of Taking Care of Business

Tune in to take an exciting trip down memory lane, in this week’s episode of Taking Care of Business, as take a look back at where it all began.

What an incredible three years it’s been, from the era of garden zoom calls, to a property market boom, Christmas carols, dad jokes and even a trip to a hyperbaric chamber, there’s never been a dull moment at the TCB podcast!

News that caught our attention this week:

Dubai welcomes 8.5 million tourists in H1 2023

In the first half of 2023, Dubai’s tourism sector welcomed a record-breaking 8.5 million visitors. This shot up hotel occupancies by 78%, increasing prices by a fifth.

Expecting guests in town? Take a look at our Allsopp & Allsopp Holiday Homes, to make those getaways extra special!

Dubai taxis record a growth of 10% for trips

Taking longer to hail a cab? With over 50,000 new expats moving to Dubai in H1 2023, the city's taxis also saw a growth in demand of 10%!

However, fear not! The number of drivers have since reportedly soared from 19,000 to 26,000, to cope with the extra passengers!

Keen to know more about H1 2023? Take a look at our market snapshot.

What’s inside The Oasis, Emaar’s newest waterfront project?

Emaar's latest project, The Oasis, is set to boast 7,000 units starting at AED 8.5 million. This development will feature impressive amenities such as an exclusive community centre, a lagoon, gym, wellness areas and a 1.5 million sq. ft retail mall within the community.

Want to know more on this project? Get in touch with our Head of Developer Sales; Fintan Flannelly.

Dubai’s property market records AED 2.8 billion in property sale transactions

On Monday, Dubai’s property market saw an impressive 670 sales transactions worth AED2.03 billion, 112 mortgage deals totalling AED724.49 million, and 13 gift deals amounting to AED 94.95 million.

Planning to purchase your next home in Dubai? Check out our live listings!

HOT OFF THE PRESS!

ENOC announces its first expansion of its jet fuel network in China.

How has this partnership between China and the United Arab Emirates played out in Dubai's Real Estate Market?

Check out what our H1 2023 Market Snapshot has to say about it!

Chinese investors surged back into Dubai’s real estate market with a 130% sales volume jump

This data comes in accordance with Allsopp & Allsopp first-party data for H1 2023.

Take a read!

Conor Humble - Arabian Business

Are UAE banks offering more competitive mortgage rates compared to other major countries?

Take a read at what our Mortgage Advisor; Conor Humble has to say about this!

Company Updates

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