Dubai's Weekly News Snapshot: The Ampersand 24-11-2023

Dubai's branded residences: Investors reveal 2023 returns!

On this week’s episode of Taking Care of Business, join Operations Director; Paul Kelly and Managing Director; Marc Walters to discuss the reign of branded residences in Dubai, how branded residences are a life-long investment and why residents are opting for smaller branded spaces over larger non-branded spaces!

News that caught our attention this week:

Rove Home Downtown: Another slice of branded luxury living

Rove Hotels, a prominent UAE-based hospitality brand, is stepping into the world of residential living with its latest branded residence, Rove Home Downtown, set against the vibrant backdrop of the Burj Khalifa district, neighbouring Dubai Mall and Dubai Opera.

Curious to know more? Continue reading here…

Unveiling One River Point: Business Bay’s newest jewel tower!

Dubai's real estate landscape is set to welcome a new gem with the joint venture of Dutco and Ellington Properties, One River Point. This waterfront project is poised to redefine luxurious living in the heart of the bustling Business Bay neighbourhood.

Want to find out more? Click here

UAE economic growth soars: World Bank predicts 4.5% non-oil GDP increase

The World Bank's latest Gulf Economic Update has projected an impressive 3.4% growth in the UAE's real GDP for 2023, with a further boost to 3.7% in 2024. The primary driver of this growth is the anticipated 4.5% surge in the non-oil GDP sector, attributed to robust performances in tourism, real estate, construction, transportation, and manufacturing, along with increased capital expenditure.

Interested in continuing reading? We’ve broken it all down for you - click here.

Expo City Dubai takes a green leap: Powered entirely by renewable energy

Expo City Dubai has joined forces with the Dubai Electricity and Water Authority (DEWA) to transition to 100% renewable energy too! This significant step also aligns with Dubai's ambitious goal of achieving net-zero emissions by 2050, showcasing the city's commitment to a greener future, as well as making Expo City a fully green community.

How impressive! Continue reading here…

HOT OFF THE PRESS!

Lewis Allsopp - The National

Are branded residences a better investment, and why?

Click here to find out what our CEO; Lewis Allsopp has to say about this.

Anisha Sagar - Arabian Business

Cheque books continue to dominate property payments despite direct debit, digital transaction boom - How?

Click here to find out what our Director of Property Management; Anisha Sagar, has to say about this!

Stuart Roe - Arabian Business

Is it better to fix a mortgage now or next year? - What should you do?

Take a read at what our Head of Mortgages; Stuart Roe has to say about this. Click here.

Liam Chase - Fast Company

The Middle East is building new cities - But do we really need them?

Click here to read what our Senior Developer Property Consultant; Liam Chase has to say about this!

Company Updates

Liam Storey and Aaron Parkins join the Associate Directors League at Allsopp & Allsopp!

The celebratory season came in earlier at Allsopp & Allsopp as we celebrated two very crucial promotions of Liam Storey and Aaron Parkins who have now become Associate Directors at Allsopp & Allsopp! They have actively been in the Top 10 of most commissions generated all-time at Allsopp & Allsopp active brokers and are set to continue breaking even more records.

Congratulations!

Picture living by Burj Khalifa within this spacious two-bed in Downtown Dubai

Welcome to The Address BLVD Sky Collection, Downtown Dubai.

Step inside this luxury two-bedroom apartment that is vacant now and available for sale. Stylishly furnished throughout and with two balconies that overlook incredible full Burj Khalifa Views,

It’s a rare find that won’t be on the market long!

For sale: AED 7,000,000

Contact Lee Weston: +971585778542

Trakheesi Permit: 7117460330