The UAE said on Wednesday it expects real GDP growth to reach 4.2 per cent next year, up from its earlier forecast of 3.3 per cent, state news agency (Wam) reported.
As global economies wrestle with the fallout of record spikes in inflation, global property consultant, Knight Frank believes the impact on the UAE economy and Dubai’s residential market is likely to be limited for now. Knight Frank estimates there have been AED 61.9bn worth of villa and apartment transactions between January and May 2022.
The UAE is known to be at forefront of innovation and offers everyone a strong platform to explore opportunities in the fast-evolving Web3.0 community.
Following the conclusion of Expo 2020, Dubai witnessed 6,983 real estate sales transactions worth $4.9 billion (AED 18.2 billion) in April 2022, recording the highest ever for the month since 2009.
Binance, the world’s largest cryptocurrency exchange, hopes to continue to drive innovation in the sector now that it has obtained two licenses to operate in the UAE, a top executive at company has said.