After a temporary dip in October, Dubai's real estate market recovered rapidly in November, with investment and sales activity reaching significantly greater levels than they had a year earlier. The increase in new (primary) property sales, particularly higher-value, ready-to-move-in residences, was the key driver of the total property sales, which reached around Dh64.4 billion, up 49% year over year....
According to the most recent worldwide analysis, real estate will be worth $393.33 trillion at the end of 2024, surpassing all other asset classes as the world's largest reservoir of wealth. With $286.9 trillion of this total coming from residential real estate, property is by far the largest asset class in the world, surpassing the combined value of global debt, gold, and stocks. Dubai is a prime...
For the last public holiday of the year, National Day, which is now known as Eid Al Etihad, the UAE has announced a four-day respite for government workers. The UAE government announced on Monday that public sector workers will get paid holidays on Monday and Tuesday, December 1 and 2. On Wednesday, December 3, ministries and federal organizations will resume their usual business hours. When the paid...
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