Dubai's Weekly News Snapshot: The Ampersand 13-10-2023

Expect the UNEXPECTED: How Dubai's summer boom defied expectations

On this week’s episode of Taking Care of Business, join our Operations Director; Paul Kelly and our Managing Director; Marc Walters, to uncover the secrets of Dubai’s hottest summer through our Allsopp & Allsopp Q3 Market Snapshot. Get insights into how the property market performed this summer, and how this summer’s boom defied all expectations of the property market!

News that caught our attention this week:

Dubai South Bay commences construction on Phase 2!

Dubai South Properties have begun constructing the second and third phase of Dubai South Bay after the successes of Phase 1. Residents can expect homes, luxuries and amenities like never before!

Keen to know everything about this project? Click here.

UAE announces 2024-26 budget - What can residents expect?

The United Arab Emirates (UAE) has unveiled its federal budget for 2024 - 2026, totaling AED 192 billion (approximately $52.3 billion), and it serves as a roadmap for the nation's financial program, aligning with the UAE's vision for the coming years.

Curious to find out more? Continue reading here.

Dubai AI: What’s the digital AI concierge for residents?

Dubai AI is a new digital concierge announced for residents. Similar to ChatGPT, residents will be able to access their essential information and other services in seconds. This digital platform will cover a wide spectrum of services, including health, education, entertainment and more.

Click here to read more.

HOT OFF THE PRESS!

Lewis Allsopp - Arabian Business

How is Dubai’s commercial property market looming over a shortage of properties? And how has this shortage affected rents across the city?

Take a look at what our CEO; Lewis Allsopp has to say about this. Read here.

Sergei Rakov and Sheena Arilla - Arabian Business

With the ultra-rich Russians and Chinese investors flocking to Dubai, how has this influx driven prices up in Dubai, and how are these investors capitalising on the tourism surge in Dubai through property investments?

Take a read at what our Head of Technology; Sergei Rakov and Head of Holiday Homes; Sheena Arilla have to say about this!

Read here.

Company Updates

Picture waking up to the stunning Arabian Sea in the heart of Palm Jumeirah

Take a look at this gorgeous two-bedroom apartment for sale in Shoreline Apartments, Palm Jumeirah.

Enjoy open plan living and dining, a master bedroom with dressing room and en-suite, and a terrace with beautiful Burj Al Arab views.

Make it yours?

For sale: AED 4,988,888

Contact - Ryan Owen: +971585892561