Dubai's Weekly News Snapshot: The Ampersand 24-03-2023

Dubai's Weekly News Snapshot: The Ampersand 24-03-2023

Friday 24 March 2023Wed 16 Feb
Dubai's Weekly News Snapshot: The Ampersand 24-03-2023

Future City Forecast: Dubai's 5-Year Transformation Explained!

On this week’s episode of Taking Care of Business, join COO; Carl Allsopp as he chats about all things real estate in Dubai with Professor & Author; Michael Waters, who’s recently released his first book:‘The Essential Guide to the Dubai Real Estate Market.’ Listen in to learn more about how the industry has developed over the years, how Dubai opted for sustainable projects and where the city would be five years from now!

Tune in to hear all this and more on Taking Care of Business.

News that caught our attention this week:

The US Federal Reserve increased the interest rates by a quarter point!

On Wednesday, The United States Federal Reserve announced a hike of 0.25% in the interest rates. This was the ninth increase in a row from last year, and the UAE and Gulf have followed suit.

With immediate effect, the Central Bank of the UAE (CBUAE) announced that they have increased the base rate for the Overnight Deposit Facility (ODF) by 25 basis points, elevating it from 4.65% to 4.90%.

Are you looking to know how much a mortgage would cost you in Dubai now? Take a look at our mortgage calculator!

Can we expect Dubai’s weather to stay cool throughout Easter?

Aren’t we all enjoying the occasional showers and the chilly breeze around the city? Well, better yet we can continue enjoying the cool temperatures until Easter as the city sees lows of 17 degrees in the Northern Emirates.

We can also expect heavy clouds and haze, with strong strong breezes potentially causing rough sea conditions in the Arabian Gulf and Oman Sea, so put those beach plans on pause! The meteorology centre who predicts the weather forecast in Dubai, is also expecting for us to see wind speeds of up to 50 kph next Thursday and Friday, so keep that jumper handy!

Looking to know more?

Planning to hit the movies this weekend? VOX Cinemas slashes prices for Ramdan

As Ramadan commenced yesterday, VOX Cinemas announced a 30% discount on standard tickets throughout the holy month in the UAE. Across the Gulf, premium and standard tickets will be 30% off in Oman and Bahrain.

VOX is also offering a premium Iftar experience at their candy bar for AED 55 which would include a Kofte Slider, Falafel Slider, Shish Tawook Slider, Dates, Jallab Drink, Tabouleh, Hot Mezzeh, and Lazy Cake. What a steal!

From all of us at Allsopp & Allsopp, we’d like to wish you a blessed Ramadan Kareem!

Source: VOX Cinemas

Company Updates:

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This luxury three-bedroom apartment is located in the heart of Palm Jumeirah, in the impressive 52-storey The Palm Tower.⁠ ⁠ Take in sky views from a juliet balcony, and make use of five-star amenities such as 24 hour concierge, two infinity pools and a state-of-the-art gym and spa.⁠ ⁠ ☎️ Daniel Perry: +971 55 777 0387⁠

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