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Dubai real estate sales hit 250.6 billion dirhams in 8 months

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Dubai real estate sales hit 250.6 billion dirhams in 8 months

The real estate sector in Dubai recorded record growth from the beginning of this year to the end of August 2023, amid strong performance that exceeded expectations and achieved its best ever sales figure for the same period, according to Emirates Today” data from the Dubai Land Department, real estate experts for the real estate sector in the emirate in 2023. Expect it to be a historic and exceptional year.

Sales in the first eight months rose to 250.6 billion dirhams, resulting in more than 84,000 transactions, compared to approximately 159.2 billion dirhams, resulting in 59,634 transactions in the same period in 2022, a growth of 57.4% in terms of value and 41% in terms of the number of deals.

Based on these data, sales are expected to break the barrier of 350 billion dirhams by the end of this year, which will be considered a new historical figure supported by the attractiveness of the emirate’s investment environment and its global status. Best cities to live, work and invest as rated by experts and analysts.

In turn, registered real estate mortgages from January 1, 2023 to August 31 were 80.6 billion dirhams, and donations were 18.8 billion dirhams, bringing the total real estate transactions recorded from the beginning of 2023 to the end of August. 350 billion dirhams. Dubai real estate market sales in August 2023 increased by 38% year-on-year to Dh33.6 billion, the third highest monthly figures after last July and March with values ​​of Dh37.6 and Dh34 billion respectively.

“The performance of the real estate sector in Dubai since the beginning of the year has been impressive and has exceeded expectations,” said Mohammed Al-Mutawa, Chairman of the Board of Directors of Al-Waleed Investment Company. has become a brand worldwide and is a name for trust and security, development and trust in the government that has led to the continued prosperity of the real estate sector in Dubai.

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Al-Mutawa expects 2023 to be a historic year for the real estate sector in Dubai, despite the increase in supply over demand in the sector.

For his part, Saleh Tabbak, CEO of Al-Andalus Courtyard Real Estate Development Company confirmed, “Dubai currently competes only with itself at the level of real estate markets in the world, and has exceeded all expectations above all other markets.”

Tabak said: “The current market situation is not a temporary situation, but a result of a very strong infrastructure and integrated situation that attracts international capital because the emirate has attraction and exclusivity at all economic levels.”

In addition, Abdul Karim Al Mulla, CEO of Standard Real Estate Management, said, “Competitiveness in Dubai has moved to a new level, at a time when real estate deals are breaking records, while the emirate’s real estate continues to consolidate. Its global appeal, especially in luxury real estate, attracts the affluent.” All over the world”. Al-Mulla added, “Achieving record real estate contracts and sales is primarily due to the directives of the leadership and the availability of security and protection,” and expects this exceptional performance of the real estate market to continue for the remainder of the year.

Also, Zahi Kasho, CEO of Elio Real Estate, said, “Dubai has seen significant growth in its real estate market since the start of 2023, and the growth is still continuing as sales have reached record levels. Unprecedented demand has resulted from the migration of the world’s wealthy to the emirate.” This has led to economic results and historical numbers in the real estate market, and what the data and indicators show is an increase in real estate prices and an increase in the population of the emirate.” Kashoo expects 2023 to be another exceptional year for Dubai real estate.

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Muhannad Al-Wadiah, Managing Director of Harbor Real Estate, said that 2023 will be a historic year for Dubai’s real estate industry, just like last year. Since the beginning of this year, the sector has seen rising demand, along with rising prices, introducing new schemes that cater to a segment of high-net-worth foreign customers and buyers, including the rich and famous. Al-Wadia confirmed that the performance of the real estate sector exceeded all expectations.

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Emirates News Agency – Haifa Abu-Ghazaleh: We are counting on a lot at “COP28” to reach recommendations that will contribute to solving pressing environmental problems.

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Emirates News Agency – Haifa Abu-Ghazaleh: We are counting on a lot at “COP28” to reach recommendations that will contribute to solving pressing environmental problems.

Cairo, September 26 / WAM / Assistant Secretary-General for Social Affairs of the League of Arab States, Dr. Haifa Abu-Ghazaleh, confirmed that the “COP28” climate conference hosted by the United Arab Emirates is the biggest climate. events in the world, and for this reason we intend a lot to create the outcomes of the summit.

Abu Ghazaleh Emirates News Agency reports to WAM that the participation of the Arab region in the ongoing negotiations on how to deal with the crises resulting from climate change is by hosting the “COP27” climate summit in the city of Sharm el, Arab Republic of Egypt. -Sheikh last year, and hosted the United Arab Emirates’ “COP27” climate summit. COP28 “emphasizes the important role played by our Arab countries in the field of climate action this year and the world’s interest in the proposals and initiatives presented by Arab countries to combat the negative effects of climate change.”

He warned of the severity of these effects, which have a frequent and direct impact on citizens, and said that our Arab region is close to the negative effects of forest fires, droughts and floods. Global warming, water scarcity and food crises, the world must come together to solve them.

He noted that the UAE is witnessing a comprehensive growth renaissance in all sectors, especially in the environment and renewable energy sector, and we look forward to completing its active role in the Arab region.

On the occasion of the “COP28” summit, he pointed to the participation of the League of Arab States in activities held in collaboration with the General Women’s Association in the Emirates.

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WAM Correspondent – Egypt

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Mohammed Bin Rashid Library advances knowledge with new collaboration

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Mohammed Bin Rashid Library advances knowledge with new collaboration

Member of the Board of Directors of Mohammed Bin Rashid Library Foundation Dr. Mohammed Salem Al Mazrouei affirmed that the library is keen to provide an environment of excellence and promote the knowledge and cultural scene and movement in the UAE. Researchers and students should invest their potential to create a more prosperous future for future generations.

This came on the occasion of the Government of the Library and Mohammed Bin Rashid College signing a memorandum of understanding to promote joint collaboration in the fields of supporting scientific research and disseminating culture and knowledge at the national level. The memorandum is signed by Mohammed Al Murr, Chairman of the Board of Directors of Mohammed Bin Rashid Al Maktoum Library Foundation and Dr. Ali Bin Seba Al Marri, CEO of Mohammed Bin Rashid Government College. The framework of interest of both parties is to improve the cultural and educational environment in the UAE and to provide an environment that encourages… Work on organizing mechanisms to improve intellectual content and promote science, explore, research and develop knowledge. Research among members of the community.

Cultural movement

Al Mazrouei said, “This MoU reflects our joint commitment to develop cultural and scientific infrastructure and promote the knowledge and cultural scene and movement at the national level. It reflects our future and our passion to achieve sustainable goals. Students and researchers to make full use of their potential, ‘we’ An environment that will help develop their educational preferences in a way that supports the vision of UAE 2031 and our plan for the next 50 years contributing to creating a more prosperous future for future generations.” Collaboration between local educational and cultural institutions is a key and important step towards achieving excellence and innovation, culture, education and knowledge. cementing the UAE’s position as a leading global center of economy.”

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New station

On his part, Mohammed Bin Rashid Government College CEO Dr. Ali bin Seba Al Marri said, “The signing of the Memorandum of Understanding is a new step in strengthening the strategic vision of the college. To provide an integrated system of education and training programs, research and studies, which are in line with the highest standards.” and international practices, while at the same time equipping leaders with the best skills and abilities to meet the challenges.Innovating in providing governance structures that enhance leadership in the future and government performance.

He pointed out the college’s constant interest in creating strategic partnerships for excellence in the field of education and knowledge, which stems from providing an academic and academic environment that meets the aspirations and needs of all those affiliated with the various programs in the college. Researchers and academics in general point out that cooperation with this institution has an important place in the arena of knowledge and will contribute to opening doors for more initiatives and activities aimed at establishing a culture of research and knowledge among members of society. The MoU includes developing mechanisms to enhance cooperation between the two sides, exchange knowledge resources, provide support for research projects and organize joint events and activities to meet the aspirations and needs of students and stakeholders from various knowledge communities.

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The MoU stipulates that the Muhammad Bin Rashid Government College, Muhammad Bin Rashid Library will be provided with latest publications, research papers, conference papers and other publications as permitted by the college’s copyright. Displayed in the corridors of the library and made available to those interested.

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Muhammad Al Mazrui:

“Collaboration between local educational and cultural institutions is a vital and important step towards achieving excellence and innovation.”

Ali Al Mari:

“This step opens the door to further efforts aimed at establishing a culture of research and knowledge in society.”

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Emirates News Agency – Ahmed Belhoul Al Falasi delivers a keynote address to the Youth Media Forum in the presence of Latifah Bint Mohammed.

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Emirates News Agency – Ahmed Belhoul Al Falasi delivers a keynote address to the Youth Media Forum in the presence of Latifah Bint Mohammed.

Dubai, 25th September / WAM / Chairman of Dubai Culture and Arts Authority, Member of Dubai Council, His Excellency Dr. Ahmad Belhoul Al Falasi, in the presence of Sheikha Latifah bint Mohammed bin Rashid Al Maktoum, Minister of Education, emphasized the importance of having a platform to exchange experiences and knowledge and improve the presence of talented youth. .In the media sector, it contributes to the qualification of young male and female media professionals and prepares them to absorb the developments and challenges in the sector. Preserving the traditions and ethics of media work, ensuring its authenticity and sustainability of its impact.

This happened during His Excellency’s speech at the Youth Media Forum, which was established under the guidance of His Highness Sheikh Ahmad Bin Mohammed Bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council. The main session of the first session of the forum organized by Dubai Press Club, is exclusively dedicated to male and female students. Media.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced through his “X” platform (formerly Twitter) in search of a famous young man, “May God protect him”. Or the woman representing youth issues in the government of the United Arab Emirates, learned very valuable lessons, caring for the youth, empowering them and listening to their voices and issues is a priority for every country that aspires to uniqueness and excellence, because the future is one that is capable of facing the challenges of time with a proactive attitude and passion for work and achievement. Nations are created by its conscious youth, which indicates that His Highness chose to announce one of the most popular social media platforms. The need to imbibe modern technologies and tools and use them to reach the target audience efficiently and effectively.

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He added: “We in the UAE have learned from our intellectual leadership the importance of understanding the needs of the future and preparing to meet its challenges if we want to achieve global leadership, and those who want to be at the forefront should not hesitate. Invest in the youth because they are the creators of the future.”

Honorable Dr. Ahmad Belhoul Al Falasi praised the Youth Media Forum and the key topics it presents, revolving around the role of youth in creating tomorrow’s media, stressing that the value of media work is to bridge generations by combining expertise and experiences. Pioneering the energy of young media professionals, strengthening the connection between the values ​​and ethics of media work and tools, paving the way for a new generation of Arab media professionals armed with modern technology, knowledge, skills and confidence. Skillfully leading the media scene in our Arab world for years and decades.

He emphasized that it is imperative that the media evolves in line with the changes towards the future, its staff and leaders develop, and create and sustain content that is competitive in terms of value, quality and impact. The pace of development in the UAE and its aspiration for further progress and prosperity in the next phase point to the importance of media-savvy students with values ​​of integrity and authenticity to ensure the influence of Arab media in the future. and to adapt to the rapid changes occurring in the field of media work, to develop the ability to face challenges armed with competence and creative thinking, and to commit to the principles and ethics of the profession in order to carry out their duties effectively and efficiently.

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– The voice of truth.

On the opportunities and challenges facing the media sector, especially in the light of the rapid technological development across the world, the Hon’ble Minister of Education said that today’s media landscape is diverse and has a mix of traditional and mixed media. Digital, in which message and concept are intertwined, and exposes the recipient to a vast stream of usable.

He pointed out that modern technologies play a fundamental role in shaping the future of media, especially artificial intelligence and other technologies that will change the shape of media as we know it, offering opportunities to disseminate information, opinion and analysis in new ways. . At the same time, it creates many challenges, symptoms of which we see today in the spread of fake news and the use of techniques such as deep fakes.

– Accept responsibility.

The Hon’ble Education Minister expressed confidence in the ability of the young media students to carry out the responsibility entrusted to them with all skill and integrity. Knowledge and a negative media that doesn’t care about the truth is like the difference in building society.” It is progressive and believes in the values ​​of tolerance and coexistence and strives to achieve sustainable growth and development for all its groups. And in backward societies ignorance and falsehood are prevalent among their members.

Ahmed al-Boutli/Mohammed Jaballah

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