Dubai's Weekly News Snapshot: The Ampersand 28-04-2023

On this week’s episode of Taking Care of Business, Operations Director; Paul Kelly is joined by Managing Director; Marc Walters. Tune in to hear all that has happened in Q1, the analyses whether we are indeed in a bubble,the ramadan numbers and the myth that surrounds it and other interesting things that we have seen this first few months of 2023.

Listen in to know all this and more on Taking Care of Business, every Friday!

Learn more about sales, lettings, and off-plan trends that can provide buyers, sellers, landlords and tenants the right data to make better-informed property choices. Download our exclusive Q1 2023 report.

News that caught our attention this week:

Dubai Land Department launches endowment programme!

The Dubai Land Department and Dubai Endowment launched an endowment program to encourage real estate developers to contribute a unit from their project to a charitable cause.

This initiative aligns with the UAE's priorities surrounding social development and welfare in support of education, low-income patients, orphans, people of determination, and those in need. To understand this better read our latest blog on it here.

Source: The National.

UAE's Moon Exploration Program: From Setback to Comeback

This week footage captured the emotional moment that UAE engineers and scientists discovered their spacecraft carrying the Rashid rover had crashed during a landing attempt on the Moon. The Hakuto-R M1 spacecraft, developed by ispace of Japan, was set to deliver the 10kg rover and other payloads for further study of an unexplored Moon region. Dr Sara Al Maeeni and Abdullah Al Shehi were among the engineers who expressed disappointment when the mission failed. MBRSC Chairman Hamad Obaid Al Mansoori consoled the team and praised their effort in the first-of-its-kind mission in the Arab and Islamic world. Despite the setback, Sheikh Mohammed bin Rashid announced the development of Rashid 2 under the country's Moon exploration programme.

Source: Khaleej Times

Company Updates:

To celebrate the best quarter the company has had since its opening the whole Allsopp & Allsopp team is heading out to its first pool party of the year this afternoon , so forgive us if we are MIA for half a day, but celebration is due! Taking place at Palm Jumeirah the almost 500 Allsoppians are expected to enjoy a day of fun. A gesture from the company management to congratulate the stellar performance of our agentes and supporting teams.

Talking about The Palm - check out ,this one of a kind 6-bedroom mansion in Palm Jumeirah

The Signature Villa Fronds of Palm Jumeirah offer the ultimate in exclusivity and luxury living within a gated community. The iconic Atlantis, pristine beaches, park areas, five-star hotels, fine dining and fabulous shopping offer the dream location in Dubai.