Traffic Up as Dubai Looks at Airport Expansions Passenger traffic in Dubai’s international airport rose 5.7% in October as the Emirate looks towards expansion to accommodate future growth. With plans already underway to make the Emirate the world’s premier tourist destination it is perhaps no surprise that Dubai International Airport saw a rise in traffic of 6.1% to 58.41 million in the first ten months of this year.

Dubai in Big Hospitality Push In a push to diversify its economy Dubai is aiming to become the top family destination by 2020 which has seen property firms investing heavily in the hotels and hospitality markets. Dubai is hoping to achieve a Compound Annual Growth Rate (CAGR) of seven to nine per cent in leisure and businesses visitors over the course of the next decade and they have set their

Dubai Ranked as Best City In the World to Live and Work In In a survey undertaken by 835 alumni of the top business school INSEAD, Dubai came out on top as the most desirable place to live and work for the young business professionals of the future. A commercial capital and cosmopolitan city, Dubai has now been ranked as the best place to live and work by many of

Dubai Plans £689 Million IPO Known as a big financial centre in the Middle East, Dubai is now turning its attention to tourism with plans to bring in further trade and interest from holidaymakers in a plan that is to help towards its attempts to double tourist numbers. In a $2.9 billion project, Dubai parks and resorts is planning on building a 16 million square foot (1.5 million square metres)

Dubai Needs Homes Dubai has an occupancy level across all available homes at an incredible 87% which could spell serious trouble if not rectified soon but could see a major corner of the market in construction expand very rapidly. Another 51,000 new homes are likely to hit the market by 2020 but with population growth at a steady 5% annually a situation where demand could soon outstrip supply may well

Dubai Can Become Islamic Economy Hub With the United Arab Emirates (UAE) and Malaysia set to launch a number of initiatives together within the next twelve months, Malaysian Prime Minister Najib Abdul Razak said that Dubai has the potential to become the hub for an Islamic economy. The two countries were at the World Islamic Economic Forum (WIFE), which has attracted 2000 participants from across the globe, where they are

Growth in Dubai could reach 5.6% before the year is out, according to one advisory firm, should the global economy continue to perform well. This prediction comes hot on the heels of other positive economic news which saw a recent report from the International Monetary Fund (IMF) suggesting that Dubai was benefiting from an improved ability to finance debts, based on more conservative spending and stronger growth in the economy.

What Are Trade Free Zones? It wasn’t until the 1970’s that Dubai truly started capitalising on its oil reserves which brought an influx of wealth and prosperity to the region. Having invested in the infrastructure to extract and export the oil Dubai has started to move away from its oil reliance and encourage investment in other areas of the economy. Because of the emergence of the United Arab Emirates of

Over the last 50 years, Dubai has been transformed from an ordinary fishing village on the coast of the Arabian Gulf into one of the most vibrant modern and cosmopolitan cities in the world. The Emirate of Dubai is located along the coast of the Arab Gulf and has a population of around 1.4 million. The Free Zone Authorities in Dubai are the government bodies registering non-resident companies and issuing

Since it opened in 2000, Dubai Internet City (DIC) has become the Middle East and North Africa’s largest Information and Communications Technology (ICT) Business Park. Its establishment and growth now means it acts a UAE base for both global and regional companies. DIC helps IT and telecom businesses to develop and grow in the favourable environment of a UAE free zone. The benefits of such an environment include 100% business