Dubai is not a city - it is a vision and an ambition. And you can't capture vision and ambition on a map.
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Overall property transactions in Dubai totalled Dh111 billion for the first half of 2018, says the Dubai Land Department (DLD). This was done through 27,642 transactions. This represents an approximately 16 per cent decline compared to the same period a year ago. Overall property transactions in Dubai totalled Dh132 billion in the first half of 2017 and Dh113 billion in the first six months of 2016.
The Land Department numbers represent properties and plots sold across Dubai.
Businesses in the UK are keen to explore new markets and talent pools in the wake of Brexit and they consider Dubai as one of the best options to expand their operations in the region, according to a report.
The Dubai Multi-Commodities Centre (DMCC), one of the world's leading free zones for commodities trade and enterprise, in its latest report said 27 per cent of British firms have a greater appetite for international business expansion during the post-Brexit period.
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A new trend is becoming evident in the Dubai property market. Investors are placing more emphasis on the entry price of properties as opposed to the price per square foot. For instance, units that were previously advertised below Dh1,000 per sqft are being promoted as below Dh500,000 for studios or Dh1 million for one-beds to encourage takeup.
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SME sector in the GCC presents a potential of $920bln with 156% growth in the next five years.
The Small and Medium Enterprises (SME) sector in the GCC region has the potential to employ over 22 million people in the next five years, a new study by Mena Research Partners (MRP) has found.
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