Friday 16 August 2024Friday 16 August 2024
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Dubai's Weekly News Snapshot: The Ampersand 16-08-2024
As we close off the first half of 2024, Dubai’s property market has shown impressive growth across all residential sectors with no signs of slowing down.
Why Dubai Is The Safest City To Invest In
Tune in to this week’s episode of Taking Care of Business with CEO, Carl Allsopp, and Operations Director, Paul Kelly, as they uncover Dubai’s record-breaking July property market!
From all-time highs in price per square foot to phenomenal sales volumes and surges in the rental market. They answer big questions like: Why is everyone investing in Dubai? Does Dubai’s market offer better value than other global hotspots? And, is an oversupply on the horizon?
This Week’s hottest headlines
Dubai and Abu Dhabi ranked the ‘most livable cities’ in 2024
Dubai has been ranked one of the top most livable cities in The Middle East and Africa and secured the fifth spot on the list of the world’s safest cities.
Dubai’s GDP grows by 3.2%, reaching AED 115 billion
The city’s GDP has grown by 3.2% in the first quarter of 2024. This growth pushed the city’s economy beyond AED115 billion ($31.3bn).
The UAE introduces tighter anti-money laundering laws
The updated legislation introduces new committees and enhanced coordination efforts to improve oversight and reporting across financial sectors.
Marjan unveils new luxury beachfront development
Marjan has unveiled a new large-scale waterfront project in the Al Mairid area—Mira Coral Bay. The project will offer 165 villas, 128 townhouses, and 650 apartments.
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