Many people, having acquired a small capital, seek to invest it in purchasing an apartment for rent or subsequent resale. People who have accumulated more serious wealth prefer long-term investments in commercial real estate to diversify their assets and provide themselves with passive income.
Throughout last year, there was a boom in the real estate market in Dubai and the entire United Arab Emirates (UAE). The rise is easy to follow by the numbers: in 2019, just over 36,000 real estate transactions were concluded in the emirate, in 2021 – 54,000, and 2022 – 86,000. The total amount of transactions amounted to $56.5 billion, which is 80% higher than the same figure in 2021.
According to Forbes, we looked at three of the richest individuals in the UAE. In this article, you will find out who they are and how they accumulated their impressive fortunes.
We have yet to delve into the formation history and distinctive features of Bybit exchange. This article will introduce you to the founder’s biography, the exchange’s features, and its current status as of 2024.
The choice between Dubai and Oman has confronted many investors lately, so let’s figure it out.
A steady flow of wealthy clients ensures high demand for real estate in Dubai, especially in the prestigious segment. The reasons for Dubai’s attractiveness are numerous. Firstly, the country is the world’s largest transport hub for global imports and exports, from Europe to Asia. The ideal location in the region ensures efficient and profitable planning of logistics flows. You can cross two-thirds of the planet in eight hours by plane from the Emirates, and the country has some of the busiest shipping and airports in the world.
In the last article, we talked about the facts of biography, as well as about the first wanderings of Ibn Battuta. After exploring East Africa and the port cities, history continued to move forward.
In this article, we will talk about one of the greatest Arab travelers of the 12th century, who can easily be called the “Arab Christopher Columbus.”
Today, the UAE stands as one of the most economically and politically stable regions globally, attracting significant investments, particularly in the real estate sector. Among the emirates, Dubai, renowned for its success and openness, has emerged as the primary point of attraction. Year after year, Dubai strengthens its position as the main business and tourist hub of the UAE. The real estate sector plays a vital role, constituting approximately a third of Dubai’s economy, and it has experienced an impressive quadrupling in market size over the past two years alone.
In the Al Karama district of Dubai, there is the famous Fake Market with counterfeit items mostly from China. However, this part of the city looks very run down and doesn’t really fit in with the other cityscape of Dubai. It’s probably only a matter of time before it will be demolished and a new modern shopping mall will be built there.
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The 47th Arab Health 2022 International Exhibition will be held at the Dubai World Trade Centre from 24 to 27 of January. For 45 years, Arab Health has been one of the largest healthcare exhibitions…
We will explain here which are the largest shopping malls in Dubai. The emirate is a shoppers paradise where you can’t stop being amazed. The malls are always worth a visit, especially when the Dubai Shopping Festival is taking place.
A very nice water park is Yas Waterworld in Abu Dhabi located on the island of Yas Island. In good an hour’s drive with the rental car, this is accessible from Dubai. You can spend there easy to spend the whole day with the family and you will have a lot of fun. Especially with the hot summer temperatures, there is cooling very well there.
The currency of Dubai is the dirham, which is available in banknotes and coins. A dirham is divided into 100 fils and the currency is strongly pegged to the US dollar. So if you are on holiday in Dubai you have to pay in dirhams.
If you would like to see butterflies on vacation then you should visit the Dubai Butterfly Garden. This is a beautiful park where you can see particularly large butterflies. It is also said to be the largest of its kind in the world and you can see 35,000 butterflies there. You have never seen so many.
Fujairah is a small Arab principality in the east of the Arabian Peninsula, one of the seven emirates of the British protectorate of Treaty Oman.
Starting with the elegant welcome of the doorman as you step out of your car into the luxury world of Emerald Palace Kempinski Dubai, you will feel like you are in a real royal palace. The feeling of belonging to the royal circle is heightened as soon as you enter the Cinq Mondes Spa, which is located in the heart of this hotel.
Few people know that we owe the existence of strong alcoholic drinks to the Arabs. There is a version that the technology of distillation, which makes it possible to extract the “water of wine” from wine, was transferred to the Europeans through Spain by the Arabs. The Arabic words “alcohol”, “alambik”, “alchemy” have entered many European languages.
The history of henna dates back thousands of years, but modern science confirms many of its unique properties. In the list of beauty recipes, the favorite plant of queens and prophets has not yet lost its relevance. How henna was used from antiquity to the present day.
Can buyers now benefit from the development if they invest in residential real estate in Dubai during the real estate crisis? Has the bottom of the valley on the Dubai real estate market already passed?…
