In the fiscal year 2022-2023, Dubai witnessed an unprecedented surge in its real estate market, with a staggering 80% increase in property transactions compared to the previous year. The total sales volume surpassed an impressive $57 billion.
Dubai is known for its unique architecture, sophisticated lifestyle, and vibrant economy. Many people dream of purchasing real estate in this amazing place. However, when taking such an important step as buying land, various factors need to be taken into account. In this article, we will look at what you should pay attention to when purchasing a plot of land in Dubai.
European massage: one of Dubai’s favourite spa experiences. The demand for high-quality wellness experiences is ever-growing in Dubai. One is undoubtedly the European massage, which has a loyal following among the city’s residents and visitors….
At times, life becomes overly monotonous, filled with a series of repetitive tasks. We struggle to find time for relaxation from everyday chores and work. In these moments, it’s vital to prioritise self-care, regain inner…
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.
We analyzed the 9 most common myths about Dubai. Is everything really that expensive? Is it impossible to buy a SIM card? What about clothes? Continued in our article.
Millions of people strive to find opportunities to invest and increase their capital daily. Cryptocurrency platforms have become an attractive option for those looking for new ways to increase funds. However, among the various offers on the market, there are also fraudulent schemes aimed at deceiving investors and depriving them of funds. In this review, we will look at one of these dubious exchanges called Ouknm, analyze the available information about it, identify negative customer reviews, consider fraud schemes, and reveal signs of dishonest activity.
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In today’s fast-paced world, convenience is king. Consumers are constantly seeking ways to simplify their lives and streamline their daily tasks. One industry that has embraced this demand for convenience is the fragrance industry, with…
Are you running a business in the UAE but postponing accounting? You shouldn’t. Incorrect accounting can result in fines, account blocking, business suspension, and even a ban on operations in the UAE. However, with proper accounting practices, significant savings can be achieved. Professional bookkeeping can decrease company costs and boost revenue. And no, we’re not referring to illegal practices that could lead to penalties in the UAE.
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Dubai, known as the “City of Cities,” has transformed from a minor desert port into one of the world’s most remarkable entertainment destinations. The emirate now hosts a wide array of world-class sporting events, including…
News on Investments in EdTech Startups in the Past Week. We’ll tell you how to increase the volume of attracted investments.
+30 % business growth. In the first quarter of last year, the number of business licenses in Dubai increased by 30%.
Dubai has been one of the leading international business centers and economic leaders of the future for several years now. Recently, it has become clear that it is also a key destination for foreign offices and domestic companies. According to Yale University, the total number has exceeded 1,000 and continues to grow. However, to successfully penetrate this lucrative market, which offers many business opportunities, it is necessary to develop a strategy that takes into account both local conditions and many unpredictable factors. In this article, we will discuss the features of PR in the UAE and effective strategies for business development in this region, especially in Dubai.
The official state language in the Emirates is Arabic. All documents are written in modern Arabic, negotiations are conducted and information is reported to local media.
The construction of Palm Jumeirah marked one of Dubai’s initial steps toward global recognition. The Crown Prince of Dubai, Sheikh Mohammed, pledged to create an artificial archipelago resembling a palm tree with 17 fronds by 2006. He aimed to transform the emirate into a premier tourist destination and luxury resort.
One method to secure a residence permit in the United Arab Emirates (UAE) and attain tax residency is by either establishing a new business or acquiring an existing company. The decision between these options is…
The Finance World Accounting & Tax Awards 2024, presented by iFund Factoring & Forfaiting Services and powered by Wasaya Investments, recently honored pioneers in accounting, tax, audit & finance. Hosted by Finance World Magazine, the…
We extend our welcome and are excited to present our latest analytical review. Bloomberg recognizes the Dubai market as one of the most promising and accessible globally. Dubai currently holds the fourth position in luxury housing offers. Russian investors took the lead in real estate acquisitions, spending over 800 billion rubles last year, according to expert estimates.
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In the dynamic world of cryptocurrencies, a crypto wallet is not just a tool but a critical asset for managing digital currencies effectively and securely. Whether you are a seasoned investor or a newcomer to…
Social, geopolitical, and economic events in the world affect all areas of our lives: the hotel business, which has experienced great upheaval in recent years, has also changed noticeably. However, tourism continues to flourish, including the luxury segment.
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.
In the world of real estate, Dubai occupies one of the leading positions, adhering to an innovative and progressive approach. It is interesting to consider the changes that will impact the market in the coming years.
When you open a business in the United Arab Emirates, it is important to understand that choosing a free trade zone (FTZ) is not just a formality. This is a strategic decision because a mistake here can result not only in loss of time, nerves, and extra money but sometimes in the destruction of the entire business. Before you sign the documents and invest in a license, let’s discuss how to prevent your dream from turning into a nightmare due to the wrong choice of FTZ.
Dubai has impressively positioned itself as a key player on the crypto stage. Its commitment to creating an attractive business climate means it is steadily attracting blockchain enthusiasts, investors, and innovative crypto companies. The city offers a solid basis for growth and innovation in the crypto sector through its progressive regulatory framework.
Projections indicate that the real estate market in Dubai will persist in its development and consolidation in 2024. In recent years, the emirate has made significant investments in infrastructure enhancement and the diversification of its economy, rendering it an attractive hub for business and tourism. Consequently, demand for real estate in Dubai remains buoyant, particularly for commercial and residential properties in prime areas.
Favorable tariffs for tourists and expats, speed and availability of the Internet in Dubai – we talked about everything in the article.
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Dubai is a beacon of modernity and progress in the Middle East. However, just a few decades ago, it was primarily inhabited by Bedouins, fishermen, traditional farmers, and nomads. These people lived in tents and…
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.
When venturing into the business landscape of Dubai and other Emirates in the UAE, it’s crucial to adopt a cautious approach, particularly when considering the acquisition of an existing enterprise. This guide aims to illuminate the process of purchasing a business in this region, highlighting essential steps to mitigate potential financial losses and maximize profitability.
