The Ampersand 10-02-2023

The Ampersand 10-02-2023

Friday 10 February 2023Wed 16 Feb
The Ampersand 10-02-2023

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.

Source: The National

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.

Source: Arabian Business

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)

Source: Arabian Business

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.

Source: Arabian Business

Company Updates

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.

Introducing Humble, the Bumble for your home!


Tired of swiping left in search of the right one? Don’t worry; in this season of LOVE, we promise to help you fall back in love with your home with the help of a swipe!

From servicing to repairs, treatments, or cleaning - our home maintenance packages will give your home the TLC it deserves. And we promise not to ghost you when times get tough!

Click here to check out our Valentine’s Day packages and use our code VDAY10 for 10% off all maintenance packages!

Dreaming of living in Jumeirah Golf Estates?

JH exterior(2).jpg

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.

Contact ☎️ Radina Koycheva or ☎️ Carter Costello

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