Dubai's Weekly News Snapshot: The Ampersand 14-04-2023

Why are Foundations crucial and how does it ensure business continuity?

On this week’s episode of Taking Care of Business, COO; Carl Allsopp is joined by the Managing Partner of M/HQ; Mr Yann Mrazek to discuss all things Foundations, the importance of setting up your businesses correctly to ensure continuity, legacy building, correct taxation structure and more.

Tune into Taking Care of Business to hear all that and more, every Friday!

News that caught our attention this week

Can you now access your DEWA services through the assistance of AI?

DEWA, is the first utility company globally and in the UAE that has now incorporated ChatGPT into their servers, from utility bills to customer service requests, DEWA’s bots are present to answer any questions or services - 24/7.

It also provides 11 procedural services, such as EasyPay and Dewa Store, helping customers track their activation or deactivation requests for electricity, enquire about jobs or gain general information.

Interested to know more? We’ve got the whole scoop!

Dubai’s property market sees AED 89 billion in sales transactions in Q1!

It should come as no surprise that Q1 performed brilliantly for Dubai’s property market but not only did it hit AED 89 billion in sales transactions, the market has also seen a whopping 60 percent jump over the same period in 2022.

Dubai’s real estate market is expected to see more highs in the coming months, with industry insiders predicting a 10-12 percent surge in the next two quarters.

So, what are your thoughts on Q2? Do you think it’ll overtake Q1?

Source: Arabian Business

Dubai’s job market has recorded growth - the fastest since September 2022!

Dubai’s job market has been on a growing scale since months now but according to S&P Global - the UAE’s Purchasing Managers’ Index hit 55.5 in March, last month as compared to 54.1, in February of 2023 which reflects an increase in both jobs and inventories, and the market shows no signs of slowing down anytime soon!

If you’re looking for your next role in the city, then get in touch with our recruitment team!

Company Updates

This six-bedroom might just be Jumeirah Golf Estates’ best looking property!

Step inside this incredible six-bedroom villa, perfectly located in Wildflower.

This smart-home is fully automated and upgraded throughout, complete with an infinity pool, outdoor cinema and sauna and the most amazing views of the Earth Golf Course.

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