Can Jumeirah Bay Islands be the next Mayfair of Dubai?
On this week’s episode of Taking Care of Business, join CEO; Lewis Allsopp and Managing Director; Marc Walters as they talk about the Jumeirah Bay Islands, all things golden-visas, the expansion of Za’abeel One and UAE’s dream jobs!
Tune in to catch all that and more on Taking Care of Business.
News that caught our attention this week:
Dreadful earthquake strikes Turkey and Syria, leaving thousands fattaly injured.
On Monday morning, a devastating 7.9 magnitude earthquake struck central Turkey and parts of Syria, leaving thousands killed and fatally injured. The earthquake was felt in the early hours of Monday morning, seeing several buildings collapse and dozens of roads cracking within the middle.
While the aftershocks were felt nearly a hundred times after, many countries, including the UAE have sent their rescue teams and medical aid to assist the population of Turkey and Syria. If you would like to make a donation, you can donate through the Turkish Red Cresent.
Leave your passport at home if you’re travelling through Dubai International Airport!
Dubai International Airport (DXB) has introduced a state-of-the-art biometric system, enabling passengers to travel effortlessly and without the need for a passport or boarding pass within the emirate.
The implementation of this new biometric system at Dubai International Airport is a step forward in Dubai's plan to offer smart travel solutions and improve the overall travel experience for its passengers.
Dubai reveals new corporations to enhance tourism and streamline business operations.
Dubai has created three subsidiaries of its Department of Economy and Tourism to grow the sector and improve business ease and foreign investment. The subs will enhance key economic growth drivers like business appeal, development initiatives, ease of doing business, consumer protection, and sectoral governance. They have been introduced to support D33, the city’s economic agenda.
The new subsidiaries are
Dubai Corporation for Consumer Protection and Fair Trade
Dubai Business Licence Corporation (DBLC)
Dubai Economic Development Corporation (DEDC)
Another record-breaking week of property transactions?
It goes without saying that Dubai has picked up its pace in real estate as it has been trumping itself week after week. This week though, Dubai saw AED 1.44 billion worth of sales transactions in just one day!
That’s right, on Wednesday, the city saw a whopping 537 sales transactions, according to data from Dubai Land Department. If you thought that was amazing, Wednesday also saw 79 mortgage deals with a value of AED 193.57M and 30 gift deals amounting to AED 104.38M.
Stuart Roe, Head of Mortgage Services at Allsopp & Allsopp, talks exclusively to CNN Business Arabia
This week, Stuart shares his expert insights on the impact of rising US interest rates on Dubai's real estate market in an exclusive interview with CNN Arabia.
Listen here as he discusses the impact mortgage rates have had on household incomes, the demand for mortgages, and borrowing power.
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Dreaming of living in Jumeirah Golf Estates?
Discover the perfect balance of modern comfort and natural beauty at Jouri Hills in Jumeirah Golf Estates. This carefully planned community offers 300 stylish villas and townhouses that cater to the modern family's needs.