The Ampersand 20-01-2023

Taking Care of Business - Realty Revolution: How will AI transform the real estate industry? Plus, young CEO secrets from Lewis Allsopp

(Disclaimer: This title was created through the help of artificial intelligence)

In this week’s episode of Taking Care of Business, CEO; Lewis Allsopp and COO; Carl Allsopp talk about all things artificial intelligence, how it impacts the world, and if it can change the world of real estate. Also, is Dubai experiencing an ultra-high net worth boom in the property market? And what’s new with Ellignton and DMCC’s newest venture? Tune in and find out all that and more on Taking Care of Business!

News that caught our attention this week!

Dubai’s second year reigning as the number one travel destination in the world!

Dubai has been named "the most popular travel destination in the world” by the Tripadvisor Travellers’ Choice Awards for the second year in a row! Beating the likes of London, Rome, and Paris to clinch the top spot.

Dubbed the “City of the Future”, Dubai is a world-renowned centre for research and development in emerging industries. With a wide array of attractions and amenities at hand, there’s no wondering why it’s endeared to the attention of celebrities and influencers alike.

Read more about the awards here.

Source: Daily Mail

Dubai sees a surge of AED 58.8 bn comprising of female investors!

The future is female! And in this case, Dubai’s real estate market saw a boom of AED 58.8 billion in 2022, all consisting of female investors. Comprising of a total of 26,698 investors, 33,419 real estate investments were registered in 2022.

Dubai Land Department’s data revealed that an increase of 50.8% female lead investments was seen in comparison to 2021 and women accounted for 34.8 percent of registered real estate brokers.

To know more about DLD’s data on female investments, click here.

Source: Arabian Business.

UAE officials make their way to the World Economic Forum in Davos, 2023

The World Economic Forum Annual Meeting began on Monday evening in Davos. The annual conference began with an awards ceremony that featured several officials from the Middle East and North Africa, including the UAE!

The Davos agenda includes:

The first alliance to accelerate digital inclusion - Which consists of providing 37% of the world is still deprived of internet access.

Boosting advanced sustainable Foreign Direct Investment - Investment flows can help advance a nation’s development goals by bringing capital, employment, export opportunities, and overall economic growth.

Driving a global effort against Alzheimer’s - Healthcare systems worldwide are not prepared to treat and care for people living with Alzheimer’s, much less the growing wave of patients to come.

Officials will also discuss issues such as geopolitics, opportunities in space, and climate action. Whilst also set to highlight a road map of the key priorities and efforts ahead of the Cop28 climate summit, held in the UAE at the end of November.

Interested to know more? Take a read here.

Source: The National

Dubai has a brand new spectacular viewing deck!

Yes - you heard it right! Another beautiful viewing deck has launched in Dubai Creek Harbour where residents can enjoy stunning views of the city’s skyline! This exciting new footbridge extends over Dubai Creek, making for an ideal location to take a leisurely stroll. You’ll have a perfect uninterrupted view of Dubai from across the creek, and best of all; it's totally free to visit!

Read more on it here!

Source: The National

Company Updates

Check out this spacious and stunning seven bedroom mansion in Emirates Hills.

Looking for somewhere spectacular to call home? Take a look at this stunning mansion with luxurious fit-outs, a secluded garden, a private pool, and informal and formal family rooms.

Overlooking the gorgeous Emirates Lake and situated on a peaceful street, it’s the perfect escape within the bustling city.

Want to see it for yourself?

Get in touch with Yasin Jaffari at + 971 58 595 4922 or take a look at the listing here.