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Millionaires migration: India’s loss is Dubai’s gain

India is expected to witness an exodus of millionaires and may lose 6,500 high-net-worth individuals (HNWIs) in 2023, according to the Henley Private Wealth Migration Report 2023, which tracks wealth and investment migration trends worldwide. China has been ranked first in terms of the outflow of millionaires from the country this year. It is predicted […]

The post Millionaires migration: India’s loss is Dubai’s gain first appeared on IPA Newspack.

Dubai Future Academy empowers 100 government employees

DUBAI, 13th June, 2023 (WAM) – The Dubai Future Academy, an initiative launched by Dubai Future Fou

RTA signs three agreements to drive sustainable mobility in public buses

DUBAI, 12th June, 2023 (WAM) — Mattar Al Tayer, Director-General and Chairman of the Board of Execu

Under Mohammed bin Rashid’s directives, we endeavour to provide citizens with highest quality of life: Hamdan bin Mohammed

DUBAI, 11th June, 2023 (WAM) — H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince

Mohammed bin Rashid highlights importance of partnerships with private sector

DUBAI, 6th June, 2023 (WAM) — His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President a

Ahmed bin Mohammed reviews progress of key projects being implemented under Hatta Master Development Plan

DUBAI, 4th June, 2023 (WAM) — H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy R

Dubai’s ICD reports Dh36.1b net profits in 2022

By Saifur Rahman Investment Corporation of Dubai (ICD), an investment arm of Dubai Government whose portfolio includes Emirates Airline and Group, FlyDubai, Emirates NBD Bank, Dubai Islamic Bank, Commercial Bank of Dubai, Ithra, Dubai Duty Free and other important assets, reported a 58 percent jump in revenue exceeding Dh267.4 billion (US$72.86 billion) in 2022, up from Dh98 billion (US26.7 billion) in 2021 with a record net profit […]

Dubai fourth most active market for luxury homes

Arabian Post Staff Global HNWI have US$ 2.5 billion to spend on Dubai real estate this year, compared to US$ 3.8 billion spent on homes priced at over US$ 10 million in the emirate last year, according to property consultancy, Knight Frank. Knight Frank’s inaugural Destination Dubai report surveyed 183 HNWI globally, each with a net worth of over US$ 3 million, excluding their main home, or […]

Maktoum bin Mohammed meets with Chief Executive of Moorfields Eye Hospital

DUBAI, 29th May, 2023 (WAM) — H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy

Ahmed bin Mohammed visits the Al-Futtaim Group’s headquarters

DUBAI, 29th May, 2023 (WAM) — H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy R

Sheikh Shakhboot bin Nahyan delivers welcoming remarks at ‘Africa Day’ event at Ministry of Foreign Affairs

Mansoor bin Mohammed opens 2023 edition of Hotel Show and INDEX exhibition

Update: Dubai Floating Bridge closure extended until further notice

Get up to 90 per cent off at this three day super sale this weekend in Dubai

Dubai QI residential market surges

Arabian Post Staff Dubai’s residential market continues to experience an impressive upward trend, with values increasing by 5.6% in Q1 2023. This marks the 9th consecutive quarter of growth, driven by strong demand for luxury second homes and the city’s emergence as a global luxury hub, according to a Knight Frank report. Experiencing an average growth of 5.1% between January and March, reaching AED 1,450 psf. In […]

Big ticket Dubai home sales hit AED 6b in QI

Arabian Post Staff Dubai recorded 88 home sales above US$10m hit AED 6 billion during Q1, according to the latest analysis carried out by global property consultant Knight Frank. The year 2022 saw Dubai record 219 deals above this price point, positioning the city as the fourth busiest luxury homes market in the world. 2023 is shaping up to be another record year for this segment of […]

Audiences Flock to Hear Music from Alexey Shor at InClassica

This February 2023, the InClassica International Music Festival returned to Dubai, bringing with it the music of a myriad of household names in the world of composition, as well as a number of pieces from the pen of its Composer-in-Residence, Alexey Shor. The festival celebrated its 12th edition with dozens of concerts headlined by a host of internationally-acclaimed artists from all around the world. While presenting many […]

Dubai off-plan market seen booming

Arabian Post Staff The real estate market in Dubai saw a surge in off-plan property sales in February 2023. According to Allsopp & Allsopp’s proprietary data, there has been a 42.1% increase in off-plan property sales compared to the same period last year. This rise in demand for off-plan properties is a positive indication that the Dubai property market is gaining momentum and confidence in the future […]

Active Dubai businesses jump 20%

By Saifur Rahman More than half of the UAE’s active businesses are registered with various licensing authorities in Dubai, including Dubai Economy and Tourism as well as more than 20 free zones including Jebel Ali Free Zone, Dubai Airport Free Zone, Tecom, Dubai Multi-Commodities Centre (DMCC), etc. The number of active businesses has increased by 56,000 or 20 percent to 347,600 in 2022, according to a latest […]

DEWA reports Dh11.1b net profit for 2022

By Saifur Rahman Dubai emirate’s state-owned utility, Dubai Electricity and Water Authority (DEWA), reported a Dh11.1 billion standalone net profit that includes the sales proceeds of its shares in district cooling subsidiary Empower. DEWA reported a 22 percent growth in consolidated net profit of Dh8 billion on Dh27.4 billion annual turnover, which was 15 percent higher when compared to 2021. This is the first time DEWA, which […]

Dubai 2022 property transactions value up to $143.8 billion

By Saifur Rahman  The total value of land and property sale and mortgage jumped 76.5 percent to US$143.86 billion (Dh528 billion) in 2022, from US$81.74 billion (Dh300 billion), in 2021, according to the Dubai Land Department, the emirate’s land and property registry. This is the first time the land and property transactions value crossed the Dh500 billion record and marks a new milestone in the history of […]

Dubai tops list of highest tourist spendings

Arabian Post Staff A recent report by the World Travel and Tourism Council (WTTC) stated that Dubai has topped the list of cities with the highest spending by international visitors this year, pulling ahead international cities such as London. The Gulf tourism and finance hub has ranked in $29.4 billion in international visitor spending so far this year, overtaking London with $16.1 billion, WTTC said in its […]

For the first time in the Arab World, Dubai to host the world’s largest mental health congress for children and adolescents

Al Jalila Children’s Specialty Hospital brings the world’s leading mental health specialists to Dubai from 6-9 December for the landmark 25th edition of the IACAPAP World Congress Dr. Abdullah Al Khayat: Dubai’s hosting of the World Congress will have a long-term positive impact on transforming the region’s mental health landscape Dr. Ammar Albanna: The fact that the Congress is being held for the first time in the […]

Dubai’s ICD reports Dh14.8b 1H net profits

By Saifur Rahman Investment Corporation of Dubai (ICD), the investment arm of Dubai Government, reported a 1000 percent growth in net profits exceeding Dh14.8 billion in the first half of 2022, on Dh121.1 billion revenues reported in the same period that saw its assets value exceeding Dh1.14 trillion by the end of the first half of this year that reflects the strong growth witnessed by major businesses […]