Buoyed by strong performance in non-oil sectors, the UAE economy is on track to expand at the fastest clip in the region while Saudi Arabia will grow at a slower pace this year than previously predicted as oil prices drop from recent peaks. The UAE's economy, expected to show strong performance in non-oil sectors, was forecast to expand 4.0 per cent in 2024, an upgrade from 3.8 per cent in January's...
The global challenges have tested the UAE’s resilience, but the aim is to grow the economy at 7 per cent in 2024, said Abdulla Bin Touq Al Marri, Minister of Economy. The UAE has been aiming to grow 7 per cent per year in order to double its gross domestic product (GDP) to Dh3 trillion by 2030. The UAE saw nearly 8 per cent growth in 2022. The UAE minister earlier predicted that the economy will grow...
Dubai residential capital values rose in November 2023 according to the ValuStrat Index (VPI) Dubai villa market has exceeded market peaks of 2014 over 50% Compared to October 2023, VPI increased by 2.2%: – For Villas rose by 2.5% – For Apartments rose by 1.9% Compared to November 2022, VPI increased by 18.4%: – For Villas rose by 23.3% – For Apartments rose by 14.1% Areas...
Dubai's population grew by over 100,000 in 2023. According to Dubai Statistics Center data, on December 17, 2023, the population reached 3.65 million, compared to 3.55 million on January 1, 2023. Golden Visas and mega events such as COP28 raised the profile of the UAE and Dubai among global investors. According to the Swiss bank, UBS's, Billionaire Ambitions Report 2023: – Number of UAE...