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UAE Insights
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August 16, 2017

AED 21 billion worth of Dubai real estate projects launched since the beginning of 2017

Dubai Land Department (DLD) has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017. DLD has also confirmed that 68 real estate projects were registered during H1 2017, representing a value of AED 21 billion.

His Excellency Sultan Butti bin Mejren, Director General of DLD, commented: “Dubai is currently witnessing increasing interest from international investors, which has reinforced confidence in our real estate sector and its future prospects.”

Against a backdrop of growing demand in the real estate market, the first half of this year saw the launch of 68 new projects that meet the aspirations of investors from [...]

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August 14, 2017

UAE consumer spending forecast to exceed $261 billion in 2021: analysis

Consumer spending in the UAE, which amounted to nearly $183 billion in 2016, is forecast to rise at a compound annual growth rate (CAGR) of 7.5% over the next five years to exceed $261 billion in 2021, analysis released by the Dubai Chamber of Commerce and Industry showed.

The analysis, based on recent data from Euromonitor International, revealed that consumer expenditure per household during 2016 was highest in the UAE when compared to other GCC countries, amounting to around $103,000, followed by Bahrain ($96,000).

Housing was identified as the top spending category for UAE consumers with $75.7 billion recorded for 2016, accounting for 41% of total consumer [...]

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August 10, 2017

Emirates NBD Dubai Economy Tracker™ : Business conditions continue to improve at a robust pace in July

Robust growth momentum of the non-oil private sector in Dubai was maintained in July, with the seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy – at 56.3 in July, broadly similar to 56.5 in June. The latest index reading was one that was above the long-run trend (55.2).

By sector, the wholesale & retail industry (index at 57.9) was once again the best performing category, followed by travel & tourism (56.3) and the construction sector (54.8).

Commenting on the Emirates NBD Dubai Economy Tracker, Khatija Haque, Head of MENA [...]

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August 4, 2017

Dubai Customs holds open day for people of determination

Dubai Customs’ knowledge club has run an educational and sports open day specially designed for differently-abled staff. The move highlights the department’s commitment to caring for and empowering its people of determination by fostering a working environment that is fair, healthy, disability-friendly and receptive for everyone.

The open day’s program of events included different mind-blowing activities that combine both entertaining and educative content.

The audience was lectured on the importance of positive thinking through a discussion of Sheikh Mohammed bin Rashid’s book ‘Reflections on Happiness and Positivity’. The lecturer Dr. Abdullah  Lashgary explained how [...]

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July 25, 2017

Business confidence improves in Dubai during Q3-2017

Business leaders in Dubai are more positive about their expectations of business conditions and business confidence in the third quarter of 2017, according to a new survey conducted by the Dubai Chamber of Commerce and Industry.

The Business Leaders’ Outlook Survey revealed that 39% of respondents expect to see business conditions improve in Q3-2017. Around 43% of surveyed business leaders expected no change in business conditions, while 18% expected conditions to worsen over the same period.

The survey revealed that 45% of business leaders expected business confidence to strengthen in the third quarter of this year, compared to the 37% who predicted no change and 18% [...]

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July 25, 2017

Expo 2020 Dubai teams up with Accenture to help ensure seamless digital experience

From information security and customer relations to virtual assistance and geolocation services, Expo 2020 Dubai is teaming up with leading global professional services company Accenture to create a powerful and engaging digital experience for millions of visitors from around the world.

As the newly appointed Digital Services Premier Partner and Systems Integrator, Accenture will play a key role in making the first World Expo in the Middle East, Africa and South Asia (MEASA) region one of the fastest, smartest and best connected places on Earth.

To achieve this, Accenture will work with Etisalat Digital, a business unit of the international telecoms and technology [...]

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July 20, 2017

DSOA Bags Best Infrastructure Innovation Award for Silicon Park Project in Collaboration with NxN

Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis, the integrated free zone technology park, in collaboration with NXN (formerly neXgen), the leading Smart city consulting and digital service provider, have received the prestigious ‘Best Infrastructure Innovation Award’ for its Silicon Park project at the annual Global Telecoms Business (GTB) Innovation Awards ceremony held in London.

Recognising the industry’s most significant project partnerships and showcasing the very best projects in telecommunications, the award celebrates DSOA’s collaboration with smart city advisory and managed services provider NXN towards the establishment of Dubai’s [...]

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July 20, 2017

Dubai Customs gets AED 1.07 billion Return on Innovation

Dubai Customs continues to drive innovation and creativity in developing government and trade services, yielding great returns in the process.

An aggregate of AED 1.07 billion was added by Dubai Customs from 2004 to 2015 as income and cost savings due to the implementation of 17,771 employee ideas and suggestions.

Hussain Fardan, manager of Innovation Center at DC, attributes  the remarkable return on innovation (ROInn) to the systematized management and efficient optimization of employee suggestions developing them into productive ideas and innovations that support Customs business and overall government performance.

“The innovation approach adopted by Dubai [...]

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