## Dubai's branded residences: Investors reveal 2023 returns!

<iframe width="560" height="315" src="https://www.youtube.com/embed/2PL4wd7uCGY?si=qoAoU-cM3X-9sufn" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

On this week’s episode of Taking Care of Business, join Operations Director; Paul Kelly and Managing Director; Marc Walters to discuss the reign of branded residences in Dubai, how branded residences are a life-long investment and why residents are opting for smaller branded spaces over larger non-branded spaces! 

## News that caught our attention this week:

#### Rove Home Downtown: Another slice of branded luxury living

Rove Hotels, a prominent UAE-based hospitality brand, is stepping into the world of residential living with its latest branded residence, Rove Home Downtown, set against the vibrant backdrop of the Burj Khalifa district, neighbouring Dubai Mall and Dubai Opera.

Curious to know more? Continue reading [here…](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1160-Rove-Home-Downtown:-Another-slice-of-branded-luxury-living)

#### Unveiling One River Point: Business Bay’s newest jewel tower!

Dubai's real estate landscape is set to welcome a new gem with the joint venture of Dutco and Ellington Properties, One River Point. This waterfront project is poised to redefine luxurious living in the heart of the bustling Business Bay neighbourhood.

Want to find out more? Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1155-Unveiling-One-River-Point:-Business-Bay%E2%80%99s-newest-jewel-tower!-)

#### UAE economic growth soars: World Bank predicts 4.5% non-oil GDP increase

The World Bank's latest Gulf Economic Update has projected an impressive 3.4% growth in the UAE's real GDP for 2023, with a further boost to 3.7% in 2024. The primary driver of this growth is the anticipated 4.5% surge in the non-oil GDP sector, attributed to robust performances in tourism, real estate, construction, transportation, and manufacturing, along with increased capital expenditure.

Interested in continuing reading? We’ve broken it all down for you - click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1157-UAE-economic-growth-soars:-World-Bank-predicts-4-5-percent-non-oil-GDP-increase).

#### Expo City Dubai takes a green leap: Powered entirely by renewable energy

Expo City Dubai has joined forces with the Dubai Electricity and Water Authority (DEWA) to transition to 100% renewable energy too! This significant step also aligns with Dubai's ambitious goal of achieving net-zero emissions by 2050, showcasing the city's commitment to a greener future, as well as making Expo City a fully green community.

How impressive! Continue reading [here…](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1158-Expo-City-Dubai-takes-a-green-leap%3A-Powered-entirely-by-renewable-energy)

## HOT OFF THE PRESS!

#### Lewis Allsopp - The National

Are branded residences a better investment, and why? 

Click [here](https://www.thenationalnews.com/business/money/2023/11/23/are-branded-homes-a-better-investment-for-property-buyers/) to find out what our CEO; Lewis Allsopp has to say about this.

#### Anisha Sagar - Arabian Business

Cheque books continue to dominate property payments despite direct debit, digital transaction boom - How? 

Click [here](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-cheque-books-continue-to-dominate-property-payments-despite-direct-debit-digital-transaction-boom) to find out what our Director of Property Management; Anisha Sagar, has to say about this! 

#### Stuart Roe - Arabian Business

Is it better to fix a mortgage now or next year? - What should you do?

Take a read at what our Head of Mortgages; Stuart Roe has to say about this. Click [here](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-is-it-better-to-fix-a-mortgage-now-or-next-year-experts-weigh-in).

#### Liam Chase - Fast Company

The Middle East is building new cities - But do we really need them? 

Click [here](https://fastcompanyme.com/impact/the-middle-east-is-building-new-cities-but-do-we-really-need-them/) to read what our Senior Developer Property Consultant; Liam Chase has to say about this!

## Company Updates

#### Liam Storey and Aaron Parkins join the Associate Directors League at Allsopp & Allsopp!

![liam and aaron for the ampersand pic promotion.png](https://strapiallsopp.s3.eu-west-1.amazonaws.com/liam_and_aaron_for_the_ampersand_pic_promotion_4594f5bcd2.png)

The celebratory season came in earlier at Allsopp & Allsopp as we celebrated two very crucial promotions of Liam Storey and Aaron Parkins who have now become Associate Directors at Allsopp & Allsopp! They have actively been in the Top 10 of most commissions generated all-time at Allsopp & Allsopp active brokers and are set to continue breaking even more records. 

Congratulations! 

#### Picture living by Burj Khalifa within this spacious two-bed in Downtown Dubai

![a0O4V00000NtM5ZUAV_m_IMG_6215.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_V00000_Nt_M5_ZUAV_m_IMG_6215_fa78a3a67b.jpg)

Welcome to The Address BLVD Sky Collection, Downtown Dubai.

Step inside this luxury two-bedroom apartment that is vacant now and available for sale. Stylishly furnished throughout and with two balconies that overlook incredible full Burj Khalifa Views,

It’s a rare find that won’t be on the market long!

For sale: AED 7,000,000

Contact [Lee Weston: +971585778542](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/lettings/dubai-L-220670%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-220670%0A%0AThank%20you.)

Trakheesi Permit: 7117460330


Weekly-Newsletter-111822---web-cover.jpg

Dubai's Weekly News Snapshot: The Ampersand 24-11-2023


## Rental relief is on the way? Unveiling the October Market Snapshot

<iframe width="560" height="315" src="https://www.youtube.com/embed/OgDNdo2YUvA?si=oaF9nPzlyd9sbV0-" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

On this week’s episode of Taking Care of Business, tune in as COO; Carl Allsopp and Operations Director; Paul Kelly unveil the details from our Allsopp & Allsopp October Market Snapshot. Discover how rental relief could be on the way for tenants, and how Dubai’s property market is setting new records for residential sales! 

## The October Market Snapshot is LIVE!

Exciting news! Our October Property Market Snapshot is LIVE, which aims to provide a clear and insightful breakdown of the Dubai Real Estate Market.

Powered by Dubai Land Department’s Open Source Data and our own Allsopp & Allsopp data, this report is aimed for buyers, sellers, landlords, and tenants, and offers clear and easy-to-understand market analysis to assist you in understanding the Dubai Real Estate Market in 2023.

Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1146-October-2023-Property-Market-Snapshot) to check it out

## News that caught our attention this week

### Nakheel launches the new Rixos residences on Dubai Islands

Nakheel has announced the launch of Rixos in Dubai Islands, which is set to have a new standard of living, granting residents exclusive access to over 700 metres of private beach with 331 new residences, ranging from one-to-four bedrooms, and of course, duplex beach houses designed for those seeking the epitome of coastal luxury. 

Want to know more about this project? Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1149-Nakheel-launches-new-Rixos-residences-on-Dubai-Islands) to continue reading.

### Is another branded residence on the horizon in Dubai?

The Emerald Palace Group has collaborated with Raffles Branded Residences to introduce "The Contemporary Collection" at Raffles The Palm Residences and Penthouses on the West Crescent of Palm Jumeirah.

Curious to know more? Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1147-Is-another-branded-residence-on-the-horizon-in-Dubai?) to read more.

### Could Dubai Airport be expanding?

Dubai Airports is set to replace its crown jewel, Dubai International (DXB), with an even grander airport, as demand for travel continues to escalate, the capacity for the airport is set to increase from 100 million passengers to 120 million. This airport will be made at Al Maktoum International.

Read [more](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1150-Could-Dubai-Airport-be-expanding%3F) about it!

## HOT OFF THE PRESS!

### Paul Kelly - Business Breakfast

Discover how the property market performed in October, as Operations Director; Paul Kelly is joined by Brandy Scott to unveil the key details from the report.

Click [here](https://www.youtube.com/watch?v=akIaibWH35Y) to watch! 

## Company Updates

![a0O4S000000V7PjUAK_m_DSC05342 copy.jpeg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_V7_Pj_UAK_m_DSC_05342_copy_172ec9c872.jpeg)

Picture waking up to sunny skies and lakeside views within this four-bedroom in Jumeirah Islands

The Mediterranean-inspired aesthetics seamlessly blend with a captivating sweeping staircase and lofty double-height ceilings.

Stepping into the outdoors, you'll find yourself by the lakeside, accompanied by a private pool that offers a tranquil panorama of water and skyline views.

Available for purchase: AED 17,900,000
Contact [Greg Ware at +971585439865](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-175684%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-175684%0A%0AThank%20you.)

Trakheesi Permit: 6586478000



Dubai's Weekly News Snapshot: The Ampersand 17-11-2023


In October, Dubai's real estate market achieved AED 24.24 billion in property sales, surpassing the annual all-time high. The secondary market dominated with 5,190 transactions, 79% of total sales. Apartments led with 65% of sales, followed by villas/townhouses (26%) and commercial/other properties (9%). Properties under AED 3 million were the most popular, representing 73.2% of sales.

The rental market also remained robust, with 40,840 transactions. Apartment rentals dominated, while villa and townhouse rentals also saw significant activity. Despite stable month-on-month rental prices, there's been a 20% increase since October 2022.

October was a busy month for Allsopp & Allsopp, new client registrations increased by 64%, residential listings by 36%, and viewings by 20%. Areas like Dubai South and Jumeirah Village Circle are gaining popularity, with sales in the AED 3-5 million range up 109% year-on-year. We also saw the highest sales in Downtown, Dubai Marina, Dubai Hills for apartments, and The Springs, Arabian Ranches, and Reem for villas/townhouses.

These transactions reflected a near-even split between cash and finance buyers (48%) for Allsopp & Allsopp, with a slight edge to cash transactions (52%).

Rental relief seems to be on the way with landlords offering flexible payment terms and the introduction of new rental inventory in suburban areas offering more options for tenants. The overall market also saw a hike in demand, with a significant increase in new rental applicants and viewings. Villa/townhouse and apartment rental prices rose by 2.8% and 3.6%, respectively. 

These and other trends showed a strong market with continued growth.

Click below to view the report: 

<br/>
<a target="_blank" href=https://strapiallsopp.s3.eu-west-1.amazonaws.com/October_Market_Snapshot_c469e553e5.pdf?updated_at=2023-11-15T08:06:07.187Z?updated_at=2023-10-05T08:50:52.686Z" style="text-decoration: none!important;"><button class="subscribe mx-auto" style="color:#fff !important;display:flex;"><span style="color:#fff !important;">View the report here</span> </button></a> 
<br/>

<br/>

For media enquiries and interview opportunities:

**Aline Pereira** 
Head of PR and Comms

Allsopp & Allsopp

E: PR@allsoppandallsopp.com

T: 052 283 3285



October 2023 Dubai Real Estate Market Report

October 2023 Property Market Snapshot


## News that caught our attention this week:

### Karma Developers announce the newest Olivia Residences in Dubai Investment Park

Karma Developers have announced their latest luxury residential project, Olivia Residences, in Dubai Investment Park (DIP). Priced from just AED 680,000, this project is a game-changer in the world of accessible luxury living with a wealth of amenities.

Want to know more? [We’ve broken it down](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1134-Luxury-living%E2%80%99s-newest-address:-Olivia-Residences-in-Dubai-Investment-Park) for you! 

### Sheikh Mohammed announces Dubai's ambitious AED 246 billion budget

A budget of AED 246 billion has been laid out in a move that reflects the emirate's economic recovery and its commitment to propel its growth.

Curious to find out more? [Click here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1136-Sheikh-Mohammed-announces-Dubai's-ambitious-AED-246-billion-budget) to continue reading.

### Azizi Developments announce Azizi Venice in Dubai South

Azizi Developments is once again making waves with its latest venture, Azizi Venice, a colossal mixed-use development in Dubai South. Valued at AED 30 billion ($8.16 billion), boasting over 30,000 homes that include 100 mid-rise apartment complexes and over 400 villas and mansions. 

Continue reading [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1139-Azizi-Developments-announce-Azizi-Venice-in-Dubai-South).

## HOT OFF THE PRESS

### Paul Kelly - The National

Is now the right time to sell your property? Take a read at what our Operations Director; Paul Kelly has to say about this.

Read [here](https://www.thenationalnews.com/weekend/2023/11/03/is-now-the-right-time-to-sell-your-uae-property/).

## Company Updates

Allsopp & Allsopp takes on the Dubai Fitness Challenge, and after the first week - we have two fabulous winners who took home Apple AirPods, and a mall voucher! Congratulations to Anisha and Lewis!

![Dubai 30x30 copy.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Dubai_30x30_copy_6627a6b17c.jpg)

For next week, the stakes are even higher, and we’re all set to increase our stamina for Sunrise Run Club and Boxica!

Check it out [here](https://www.instagram.com/p/CzEWDwhpHDU/). 

Did we mention, we also have our own 30 x 30 merch? Take a look [here](https://www.instagram.com/p/Cy8AsoRJh_C/).

### If luxury living had an address, this villa would be it!

![a0O4S000000VFPmUAO_m_611 GC EAST twilight-1.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_VF_Pm_UAO_m_611_GC_EAST_twilight_1_1249c6454e.jpg)

Come home to unparalleled luxury in this unique five-bedroom villa for sale, exclusively listed with us in the stunning Green Community.

Fully-upgraded, with large-open plan spaces, a German kitchen with Miele appliances and bi-folding doors that open out onto a simply stunning garden, with temperature controlled private pool.

Can you view it this weekend?

For sale: AED 12,500,000
Contact [Ben Perry on +971503855736](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-SPR170028%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20SPR170028%0A%0AThank%20you.)

Trakheesi Permit: 6968380520


Dubai's Weekly News Snapshot: The Ampersand 10-11-2023


##  40 marathons in 40 days - how fitness can break EVERY boundary in your life

<iframe width="560" height="315" src="https://www.youtube.com/embed/rQBRjWEz7ls?si=YdQlf7HGgy3VTwBR" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

On this week’s episode of Taking Care of Business; join CEO; Lewis Allsopp, Operations Director; Paul Kelly and five time Guinness World Record holder; Lee Ryan to chat about fitness, discipline and how it ties in with mental success. Lee also shares his personal journey, including using fitness as a way to cope with grief and trauma.

## News that caught our attention this week:

### Aldar reveals 'Haven': Dubai’s newest sustainable and wellness-oriented community

Abu Dhabi based Aldar Properties is launching its inaugural residential project in Dubai, aptly named Haven by Aldar. This premier community is all about offering residents an exclusive retreat and an extraordinary suburban living experience.

Want to know more about this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044). 

Keen to read more on this project? [Click here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1126-Aldar-Reveals-'Haven':-Dubai%E2%80%99s-newest-sustainable-and-wellness-oriented-community).

### Dubai Financial Markets (DFM) records an impressive 109 percent surge in net profits

Dubai’s markets have been making headlines, and the Dubai Financial Market (DFM) has also announced its remarkable performance over the last nine months in 2023. 

Seeing a staggering 109% surge in net profit, which surpassed AED 186.2 million ($50.7 million). This growing feat is attributed to an increase in trading activity, overall trade value, and the influx of new investors.

Want to continue reading? [Click here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1127-Dubai-Financial-Markets-(DFM)-records-an-impressive-109-percent-surge-in-net-profits).

### Dubai Metro announces the new Blue Line

After having the two main green and red lines, Dubai metro is set to introduce the new Blue Line in the Dubai Metro network. Spanning across 30 kilometres, it aims to bridge the existing Red and Green lines, offering improved connectivity and convenience to commuters.

Planning to check out the routes? [Read more here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1122-Dubai-Metro-announces-the-new-Blue-Line). 

## Company Updates

### Allsopp & Allsopp takes on the Dubai Fitness Challenge

To kick off the first week of Dubai’s 30 x 30 Fitness Challenge, Allsopp & Allsopp have organised a corporate leaderboard on the Your Fitness Challenge application to track steps and calories as part of their weekly fitness challenges. And weekly, classes would be running in Boxica, while runners can meet up around Dubai’s prominent running tracks for the Sunrise Runners Club.

Check it out [here](https://www.instagram.com/p/CzEWDwhpHDU/). 

Did we mention, we also have our own 30 x 30 merch? Take a look [here](https://www.instagram.com/p/Cy8AsoRJh_C/).

### Picture waking up to lake and golf course views in the heart of Jumeirah Golf Estates!

![a0O4S000000VEAcUAO_m_A14 LIME TREE VALLEY-20.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_S000000_VE_Ac_UAO_m_A14_LIME_TREE_VALLEY_20_f6a86f4b2a.jpg)

Come and take a look inside this custom built, luxury six-bedroom mansion on the a-side of Lime Tree Valley.

With a uniquely designed layout, luxury upgrades throughout and a cinema and gym in the basement - it doesn’t get much better.

Plus you’ll have a private pool with stunning lake views!

For sale: AED 26,000,000

Contact [Darren Murphy on +971567995941](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-JGE180080%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20JGE180080%0A%0AThank%20you.)

Trakheesi Permit: 6511854001


Dubai's Weekly News Snapshot: The Ampersand 03-11-2023


## The off-plan market and the best investment in the world right now!

<iframe width="560" height="315" src="https://www.youtube.com/embed/iPwaca26WdQ?si=kbe5H3pY0DaiVe8a" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

On this week’s episode of Taking Care of Business, join CEO; Lewis Allsopp and COO; Carl Allsopp to dive into Dubai’s off-plan market, uncover what is the world’s hottest property market and why developers are pricing their properties aggressively? 

Tune in! 

## News that caught our attention this week:

### Dubai’s newest development: Naya at District One

Naya at District One was launched by Meydan and is set to feature three elegant green-roof towers that house a range of one, two, three, and four-bedroom apartments, along with Lagoon Villas that come with private gardens and terraces.

Keen to find out more on this project? [Take a read here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1114-Dubai%E2%80%99s-newest-residential-development:-Naya-in-District-One) on what to expect!

Planning to invest? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044) to get all the details on this project!

### Sheikh Maktoum announces a new committee for family businesses

In a significant move towards maintaining the prosperity and harmony of family businesses in Dubai, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, has established a 'Family Business and Family Ownership Disputes Settlement Committee.' 

Curious to know more on this committee? We have broken it all down for you - [read here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1116-What%E2%80%99s-Sheikh-Maktoum's-new-committee-for-family-business-disputes-in-Dubai%3F).

### Dubai Fitness Challenge begins this weekend!

The Dubai Fitness Challenge is here, and it's 30 days of fitness for 30 minutes per day! This is also the perfect way to get moving, not to mention to enjoy all the exciting activities taking place across Dubai’s fitness villages with the family!

Wondering how to keep active with the family this weekend? [Check out our top five suggestions](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1113-Dubai-30x30-Challenge%3A-Fun-ways-to-keep-the-family-active!)! 

## HOT OFF THE PRESS!

### Fintan Flannelly - Arabian Business

Are off-plan developers pricing their properties aggressively? How can they meet the balance between luxury and affordability? 

[Take a read](https://www.arabianbusiness.com/industries/real-estate/dubai-luxury-off-plan-real-estate-boom-could-push-developers-to-ignore-affordable-mid-market-experts-warn) at what our Head of Developer Sales; Fintan Flannelly has to say about this. 

## Company Updates

### Wake up to stunning skyline views in the heart of Jumeirah Islands

![a0O4V00000NtLa2UAF_m_C31 V 14 JI-26.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/a0_O4_V00000_Nt_La2_UAF_m_C31_V_14_JI_26_83283707af.jpg)

Imagine waking up in this exquisite four-bedroom villa at the heart of Jumeirah Islands.

With spacious open-plan living areas, French windows that flood the space with light, a BBQ area for delightful alfresco dinners, and your very own private pool, it's a haven of luxury and relaxation.

Ready to make it yours?

For sale: AED 24,999,998
Contact [Jamal Tuzgani on +971563502693](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-L-220658%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20L-220658%0A%0AThank%20you.)

Trakheesi Permit: 6587129000



Dubai's Weekly News Snapshot: The Ampersand 27-10-2023


## 200 nationalities in the UAE, who were Dubai's top 5 in Q3?

<iframe width="560" height="315" src="https://www.youtube.com/embed/C_DN-Di9K3M?si=TqEuzNs7CD-5RjZz" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

On this week’s episode of Taking Care of Business, join Managing Director; Marc Walters with Head of Sales Progression; Jessica Stephenson to discuss all things nationalities! Tune into a robust discussion about who were the top five nationalities for buyers in Q3 and the process they face to invest into the real estate market in Dubai!

## News that caught our attention this week


### Say hello to Expo City’s newest Yasmina Villas!

This year, Expo City Dubai is set to welcome another remarkable addition with the unveiling of Yasmina Villas. These all-new luxury villas are set to be a tranquil haven that gracefully blends the allure of nature with contemporary living.

Want to take a sneak peak? Take a [look here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1103-First-look%3A-Dubai's-newest-Yasmina-Villas-at-Expo-City-Dubai!).

### Dubai’s leap into the future: What new AI technologies are being implemented?

The Roads and Transport Authority (RTA) in Dubai unveiled a slew of visionary initiatives and projects at GITEX 2023, hosted at the Dubai World Trade Centre. These AI initiatives promise to revolutionise the way residents and visitors engage with the city's transport systems and urban planning.

Curious to know more about it? Continue reading [here…](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1106-Dubai's-leap-into-the-future%3A-Face-pay-taxis%2C-3D-printed-abras%2C-and-AI-parking-forecasts)

### The UAE’s remarkable investment toward sustainability: What can you expect?

The United Arab Emirates (UAE) has been making waves in the world of sustainable energy with substantial investments and ambitious plans for the future. What’s new? 

A new path to sustainability is being built with an investment in a plan toward renewable energy.

We’ve broken it all down - Click here to [find out more](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1108-UAE's-remarkable-investment-in-renewable-energy---A-path-to-sustainability).

## HOT OFF THE PRESS


### Carl Allsopp - Construction Week

Why are off-plan developers in Dubai pricing their properties so aggressively?

[Click here](https://www.constructionweekonline.com/business/dubai-real-estate-off-plan-properties) to find out what our COO; Carl Allsopp has to say about it.

## Company Updates


### Picture waking up within a sanctuary in the heart of Al Barari

![Pic 3.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Pic_3_8230f1a142.jpg)

Are you ready to experience Serenity?

This breathtaking, custom built five bedroom villa for sale in The Collection, Al Barari has had no expense spared.

Step inside and you’ll be greeted with double height ceilings, solid marble floors, ultra high-end finishings and smart home technology throughout.

A living experience like no other.

For sale: AED 47,000,000

Contact [Charlie King on +971528427032](https://api.whatsapp.com/send?phone=+97144295577&text=Hi%20There%2C%20%0A%0AI%20am%20interested%20in%20the%20listing%2C%20https://www.allsoppandallsopp.com/dubai/property/sales/dubai-DUB215387%2C%20from%20your%20website.%20I%20would%20like%20to%20get%20more%20information%2C%20please.%20%0A%0ARef%3A%20DUB215387%0A%0AThank%20you.)

Trakheesi Permit: 65313921942


Dubai's Weekly News Snapshot: The Ampersand 20-10-2023


The United Arab Emirates (UAE) has unveiled its federal budget for 2024, a soaring AED 65.72 billion, underlining a commitment to robust economic growth, social welfare, and fiscal sustainability. 

The budget expands to 2026 as well, totaling AED 192 billion (approximately $52.3 billion), and it serves as a roadmap for the nation's financial program, aligning with the UAE's vision for the coming years. 

Curious to find out about it? We have made a breakdown for you, this budget breakdown delves into the key allocations and sectors that highlight the UAE's focus on building a prosperous and inclusive society.

### Economic overview: Balancing income and expenditure

The 2024 budget reports total estimated revenues of AED 65.728 billion, marking a 3.3% growth over the previous fiscal year. This is a projection of the upcoming year and where the expenditure will take place.

Total estimated expenses amount to AED 64.06 billion, demonstrating a 1.6% increase from the fiscal year 2023.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister, Deputy Ruler of Dubai, and Minister of Finance, shared the plan and the UAE's dedication to supporting vital sectors like health, education, and social care.

The federal general budget for 2024-2026 emphasises on efficient resource utilisation and a rational spending policy to facilitate economic and social development.

Emphasis has been placed on achieving sustainable development through financial flexibility and efficiency in government spending.

### International standards and optimal resource utilisation

The Ministry of Finance adheres to best international standards to achieve the UAE's developmental objectives and economic policies. Focus on enhancing the efficiency of government spending and strategic resource allocation.

**- Approximately AED 26.7 billion (42% of the total general budget) allocated to the social development and social benefits sector.**

**- AED 10.2 billion (16% of the total general budget) dedicated to public and university education programs.**

**- AED 5.2 billion (8% of the total general budget) allotted for healthcare and community protection.**

**- AED 3.6 billion (6% of the total general budget) directed toward social affairs.**

**- AED 6.1 billion (10% of the total general budget) earmarked for pensions.**

**- AED 1.5 billion (2% of the total general budget) allocated to public services.**

**- About AED 25.2 billion (39% of the total general budget) allocated to the government affairs sector.**

**- Approximately AED 2.6 billion (4% of the total general budget) set aside for infrastructure and economic resources.**

**- Close to AED 2.3 billion (4% of the total general budget) allocated to the financial investments sector, including AED 807.5 million for federal investment projects.**

**- Around AED 7.2 billion (11% of the total general budget) designated for other federal expenses.**


The UAE's 2024-2026 budget underscores the nation's commitment to achieving sustainable growth and improving the well-being of its citizens and residents. By allocating resources efficiently across vital sectors, the UAE aims to build a prosperous and inclusive society that reflects the strength of its national economy and the balance of expenditures and revenues. 

The budget sets a clear path for the UAE's future, focusing on diversifying revenue sources, supporting economic development, and enhancing social standards for all.

### Curious to read further?

[Take a read](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1061-UAE's-soaring-wealth:-A-glance-at-the-$1-3-trillion-projection-by-2027) about UAE’s projected wealth, and what we could expect in line with UAE’s 2040 plan! 

719665456195486430.jpg

Breaking down UAE's 2024 budget: Prioritising growth, social welfare, and sustainability

## Is Dubai’s commercial property market in crisis?

<iframe width="560" height="315" src="https://www.youtube.com/embed/WFgr-Yj1eDM?si=feUbUCXFTacKG3Ov" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

On this week’s episode of Taking Care of Business, join our Operations Director; Paul Kelly and our Managing Director; Marc Walters, to discuss the commercial property market in Dubai and uncover why they think it could be in crisis.

## Allsopp & Allsopp launch their Q3 2023 Market Snapshot!

![Website Image (1).jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Website_Image_1_0e3d317de9.jpg)

Exciting news! Our Q3 2023 Market Snapshot is officially LIVE. 

Providing a clear and insightful breakdown of the Dubai Real Estate Market throughout Q3 2023, it offers an easy-to-understand market analysis to assist you in understanding the Dubai Real Estate Market in 2023.

Powered by Dubai Land Department’s Open Source Data and our own Allsopp & Allsopp data.

Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1091-A-summer-like-no-other---how-Q3-2023-has-come-to-rewrite-what-Dubai-summer-is-known-for-) to check it out.

## News that caught our attention this week:

### DAMAC unveils its newest waterfront marvel

DAMAC Properties has announced the launch of their newest project "DAMAC Casa" which is set to be a luxurious tower of water-themed architecture, complete with virtual reality scuba diving simulators and opulent residences ranging from 1-5 bedrooms overlooking the ocean.

Keen to know more about this project? Get in touch with our [Head of Developer Sales; Fintan Flannelly](https://wa.me/+971561159044).

Read more about this project [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1089-DAMAC-unveils-its-newest-water-themed-marvel---DAMAC-Casa).

### COP28 president urges energy sector to champion green goals

Cop28 is coming to Dubai this November and ahead of it, Dr. Sultan Al Jaber, President-designate of Cop28, called out to leaders from sectors including oil and gas to unite in the shift toward clean energy. 

Want to continue reading? Click [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1086-Go-green%3A-Cop28-president-urges-energy-sector-to-champion-green-goals).

### How can you become a millionaire with National Bonds’ newest scheme?

National Bonds, a UAE-based savings company has announced the 'My One Million' savings plan, which is designed with a clear goal in mind, to empower individuals and corporations to amass a substantial AED 1 million through a combination of savings and cumulative profits, all within a specified timeframe.

Curious to know how? Take a read [here](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1087-Unlocking-millions:-Introducing-'My-One-Million'-scheme-by-UAE-National-Bonds).

### Can you travel across GCC nations, hassle-free?

A game-changing GCC visa system may soon be on the horizon, and it's expected to make journeys between the United Arab Emirates and its neighbouring countries a breeze.

Want to know more? [Continue reading…](https://www.allsoppandallsopp.com/dubai/about-us/news-videos/1085-New-GCC-visa-system-set-to-revolutionise-regional-travel)

## HOT OFF THE PRESS

### Lewis Allsopp - AGBI

Is Dubai facing a commercial shortage? 

Take a [read](https://www.agbi.com/opinion/frank-kane-commercial-property-shortage-dubai/) at what our CEO; Lewis Allsopp has to say about this. 

### Paul Kelly - Arabian Business

Upon the announcement of commercial gaming to be legalised across Dubai, how is this set to impact the city?

Read [here](https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-rak-casino-china-uae-property-market) to find out what our Operations Director; Paul Kelly has to say about this.

### Charlie King - Construction Week

Al Barari sees a 400% jump in property investment deals and how!

[Check out](https://www.constructionweekonline.com/projects-tenders/dubai-real-estate-al-barari-sees-400-jump-in-property-investment-deals) what our Partner; Charlie King, has to say about this.

## Company Updates

### Wake up to sunny Dubai within this luxurious two-bed holiday home!

![1680612938229636af659bcdde3301d26a967b5e41.jpg](https://strapiallsopp.s3.eu-west-1.amazonaws.com/1680612938229636af659bcdde3301d26a967b5e41_b99ae98ab0.jpg)

Check into this stylish two-bedroom holiday home located perfectly in front of the iconic Burj Khalifa.

This premium apartment can accommodate up to four guests and has every amenity you could need for an incredible stay.

From AED 840 per night
Contact [Sheena Arila on +971 58 203 3453](https://hh.allsoppandallsopp.com/dubai/property/short-lettings/dubai-422127)









Make better-informed property decisions today with the latest Dubai property market reports!

Dubai's Weekly News Snapshot: The Ampersand 24-11-2023

Dubai's Weekly News Snapshot: The Ampersand 17-11-2023

October 2023 Property Market Snapshot

Dubai's Weekly News Snapshot: The Ampersand 10-11-2023

Dubai's Weekly News Snapshot: The Ampersand 03-11-2023

Dubai's Weekly News Snapshot: The Ampersand 27-10-2023

Dubai's Weekly News Snapshot: The Ampersand 20-10-2023

Breaking down UAE's 2024 budget: Prioritising growth, social welfare, and sustainability

Dubai's Weekly News Snapshot: The Ampersand -10-2023

Services

About

Our Offices