Serviced offices are a unique format of office real estate, where the operator of the service space provides a full range of services for successful business. This format includes everything from the ability to accommodate employees to the provision of reception services, cleaning services, coffee ladies, and a carefully thought-out technological infrastructure for office management.
As of the beginning of the second half of 2023, 35% of projects in Dubai were commissioned behind schedule. The average delay in commissioning for new buildings was six months, with larger projects experiencing a lag of up to two and a half years. 41% of projects delivered at the wrong time are delayed for 10 years.
In 2002, the landscape of Dubai’s real estate underwent a significant transformation when the government of the United Arab Emirates granted foreign citizens the right to own property in Dubai. This move initiated a construction boom that attracted investors from all over the world. With the market recovering from the COVID-19 pandemic in 2022, the demand for real estate has increased significantly, with the weighted average price per square foot increasing by 10.26%, reaching AED 1,019.
In times of crisis, Dubai has become an island of stability for rich people from different countries. According to Google Destinations Insight, Dubai is second only to London in popularity, ahead of Paris and New York. The UAE currency, the dirham, is pegged to the dollar and is stable.
Among investors, Dubai and Abu Dhabi are the two largest and most famous cities in the UAE. Foreigners make up 85% of Dubai’s population, due to its attraction to expats. Abu Dhabi is often invested in by Emirati and neighboring Arab citizens. However, the Abu Dhabi property market may also be of interest to foreign investors.
Every year the UAE real estate market becomes more and more attractive for investors and agencies. According to DLD, in May 2022 a total of transactions worth 26.5 billion dirhams (about $70 billion) were concluded. The deals generated over AED240 billion, up 61% from 2021.
The past two decades have seen significant fluctuations in the Dubai housing market. Between 2002 and 2008, the city experienced rapid growth and real estate prices quadrupled, making it one of the fastest-growing cities in the world.
There are new security standards at Emirates for passengers who want to fly to Dubai during the Corona Pandemic with this airline.
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From now on, the entry to Dubai for vaccinated tourists without PCR test is possible. Thus, it has now become easier to enter the emirate and it is almost like earlier. Here you learn everything about what you should know.
If you are flying to the USA from Dubai International Airport, biometric boarding is possible. We will describe here exactly how this works.
If you book a hotel on The Palm Jumeirah then you should definitely book half board. We will explain exactly why this is necessary here.
Mariam al-Mheiri once studied mechanical engineering in Aachen. Now she is Minister of State for Food and Water Security.
Dubai is a fascinating travel destination. A hyper-modern boom metropolis meets oriental tradition and hospitality, plus there are great beaches, a huge selection of hotels and resorts, the best shops and restaurants. Hardly anyone who does not dream of a vacation in Dubai, but sometimes there are a few questions in the back of their minds.
In 2019, in the Global Talent Trends report, LinkedIn cited the data: 92% of employers are less interested in the knowledge and experience of an employee if they are not supported by emotional intelligence, the ability to cooperate, adapt to changing conditions, etc. Deloitte Access Economics predicts that by 2030, flexible skills occupations will account for two-thirds of all jobs.
As you know, one of the reasons for the attractiveness of Dubai shopping lies in the duty-free zone, where the import tax is only 4%. Here, even elite goods are somewhat cheaper, and with discounts, prices become even more affordable. This is why the festival period is considered the most attractive to visit Dubai.
Tour operators organize and conduct various trips to the desert. The companies offer quality and unusual excursions that take place in small groups or, upon request, in private. Responsibility and discretion with local wildlife and nature are what the right tour operator does.
Anyone who has ever been to the Emirates or another Gulf country knows firsthand about a real “Arab” scent. Arabs know a lot about good smells. A rich and dense sillage of the scent accompanies every indigenous inhabitant of the UAE.
The official language of the United Arab Emirates is MSA (Modern Standard Arabic). All official documents are written in MSA, public administration is handled only by MSA, and most media outlets work for MSA.
Afternoon Tea is a popular and well-known tragedy. It is known not only in England but also worldwide. This tradition fully reflects England’s tea tradition with its porcelain sets, fragrant tea, tasty snacks, and delicious desserts.
Markets in Dubai are eastern colorful places that are tourist attractions. On the bazaars, you can buy all kinds of curiosities, as well as interior items, jewelry, silk, fur, spices, souvenirs, and much more. Dubai has an ancient tradition of market specialization. This is very convenient not only for wholesalers but also for tourists. For example, those who want to buy high-quality fabrics will go to the textile market and those who want to buy jewelry will go to the Gold Market of Dubai.
The UAE has built numerous golf courses, five of which are world-class 18-hole green fields. Dubai Emirate is a pioneer of golf in the Middle East. The Dubai Desert Classic Golf Championship, which has been held since 1989 on the golf courses of «Emirates» Club, became a shining event of sports life in Dubai.
The Jumeira Mosque in Dubai is one of the few mosques in the country open to all visitors, regardless of their religion. The Sheikh Mohammed Cultural Cooperation Center (SMCCU), which operates at the Jumeira Mosque, is the reason for this opportunity. The main purpose of the center is to promote tourists studying the culture and religion of the United Arab Emirates. The Jumeira Mosque has become one of Dubai’s most popular attractions, and its image can be seen on the 500 dirhams bill.
There are many myths and legends about the emergence of pearls. According to one of the Emirati legends, the pearl is the daughter of the rain (Bint Al Matar’), which fell into the sink and turned into a pearl. The second legend states that the pearl is the daughter of the moon (Bint Al Qamar), which has fallen into the sink through the moonbeam. Whether from rain or from the moon a pearl is born, it is the most fascinating and not requiring processing of the jewellery of nature from ancient years to the present day.
The luxury center of the UAE amazes tourists at first sight with its stunning architecture: this is where the tallest skyscraper of the Burj Khalifa, the artificial World Archipelagos, and the Palm Islands are located. Dubai is the largest center of world trade and tourism as well as Shanghai.
One of the historic areas of Dubai Deira is on the right bank of Creek Bay, which divides Dubai into two parts. Deira is also a resort and suburb that is part of Dubai. From the north, the area is bounded by the Persian Gulf and to the east by the city of Sharjah. On the coast of Deira, there is a marina for ships and yachts sailing to Dubai, the port of Said, where it is interesting to observe the life of the whole city.
Downtown Dubai serves both as a business center due to the location of the offices of global companies and as a tourist area where the Emirate’s attractions are concentrated.
Experts argue that the Dubai real estate market may be the winner after the COVID-19 crisis, citing the effects of similar epidemics in the past. Julian Roch of Cavendish Maxwell stated that the real estate…
The cost of renting real estate on the Palm Islands has broken another record. As you can see, in recent months, the real estate market in Dubai has declined slightly, prices have fallen. But this…
